coinpedia 2025-04-19 18:30:00

What Happened In Crypto This Week?

The post What Happened In Crypto This Week? appeared first on Coinpedia Fintech News The cryptocurrency market experienced a whirlwind of developments this week. From Bitcoin price volatility and major crypto hacks to high-stakes geopolitical tensions and SEC shakeups, the global crypto narrative is evolving fast. As the gold price today hit new highs and Bitcoin hovered near key support, concerns over trade wars, regulation, and cyberattacks continue to impact market sentiment. Let’s break down the top crypto news, hack alerts, and market shifts in this week’s detailed recap. Crypto Market Overview The crypto market held steady this week with a total market cap of $2.7 trillion, while daily trading volume dropped 21.43% to $43.09 billion. Bitcoin price today is $85,300, Ethereum trades at $1,604, and XRP sits at $2.08. Top Crypto News This Week US-China Tariff War Pulls Bitcoin Down, Gold Hits ATH A 245% tariff on Chinese imports triggered a 2% Bitcoin price dip and a 3.75% drop in the broader crypto market. Gold, meanwhile, surged to an all-time high of $3,300 as investors sought safe-haven assets. SEC Chair Atkins Missing From Crypto Custody Event Despite being recently confirmed, SEC Chair Paul Atkins won’t lead the April 25 roundtable on crypto custody. Acting Chair Mark Uyeda will step in as Kraken, Fidelity, and Anchorage join the discussion. Trump vs Powell: Stagflation Warnings and Crypto Impact Jerome Powell’s warning about stagflation, tied to Trump tariffs, rattled markets. Trump criticized Powell for delaying rate cuts, adding political drama to financial uncertainty. Bitcoin ETF Outflows Surge Over 300% SoSo Value reported $700M in Bitcoin ETF outflows this week, reflecting rising concern over trade wars and slowing institutional confidence. Ripple-SEC Lawsuit Paused for 60 Days Ripple’s legal battle with the SEC is on pause, suggesting possible settlement talks. Ripple also announced a $1.25B acquisition of Hidden Road, expanding its global footprint. Binance Tightens KYC for Indian Users Binance now requires Indian users to re-verify KYC using their PAN to comply with AML laws. Data handling assurances were also provided. Mantra Token Plunges 90% The RWA-focused Mantra token fell 90% amid forced liquidations and insider trading concerns. Transparency and communication issues further shook investor trust. Nvidia Stock Hit, Bitcoin Drops 3.3% Nvidia faced a $5.5B hit over halted chip exports to China, sending shockwaves through Nasdaq and crypto markets. Bitcoin dropped to $83,600. TRX Spot ETF with Staking Filed by Canary Capital Canary Capital filed for the first TRX spot ETF in the U.S., including staking in the proposal—pushing altcoin ETF momentum forward. South Korea Blocks 14 Crypto Apps Including KuCoin & MEXC A regulatory crackdown led to app store bans of 14 unregistered crypto services. South Korea’s authorities plan to make crypto enforcement permanent. WazirX Users Denied Relief by Supreme Court India’s top court rejected WazirX investors’ plea after a ₹2,000 crore hack, urging them to approach regulators like SEBI and RBI. Coinbase’s BASE Token Crashes 90% Base token launched as an experimental meme coin by Coinbase collapsed minutes after launch. Critics cited insider activity and poor rollout. Slovenia to Impose 25% Crypto Tax from 2026 Slovenia proposed a 25% tax on crypto-to-fiat conversions. The law excludes crypto-to-crypto trades and could raise €25M annually. Pi Network News: Chainlink Integration and Mainnet Update Chainlink added Pi Coin to 22 data feeds, while Pi Network’s new Mainnet migration roadmap faced backlash over delays and unclear rewards. This Week’s Crypto Hacks KiloEx Loses $7M in Cross-Chain Exploit A multi-chain hack exploited oracles on KiloEx across BNB, Base, and Taiko chains. KILO token crashed 30% as the platform halted operations. UK Minister’s X Account Hacked to Promote Scam Coin MP Lucy Powell’s X account was compromised to promote a fake token “House of Commons Coin.” The incident exposed rising crypto scam risks. From gold’s rise and Bitcoin’s drop to Ripple’s legal pause and Binance’s compliance shift—this week showed how politics, regulation, and tech intersect in crypto. Stay tuned for next week’s biggest movers!