Senators Warren, Wyden Quiz Commerce Secretary Lutnick Over Tether Loan to Children’s Trust

Senators Elizabeth Warren (D-MA) and Ron Wyden (D-OR) have written to Commerce Secretary Howard Lutnick and Tether CEO Paolo Ardoino, requesting information about loans made by the stablecoin firm to a trust that Lutnick’s children benefited from. Bloomberg reported in March that Lutnick sold his stake in Cantor Fitzgerald, a financial services firm, to his…

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Bitcoin Closes April Up 12% as Strategy’s MSTR Posts First Positive Month Since July

In brief Bitcoin’s April gains hovered just under 12%, marking its second positive monthly close since September 2025. Michael Saylor’s Strategy made four BTC purchases in April totaling $4.13 billion, with MSTR stock closing the month up 33%. CryptoQuant warns that “price gains are speculative rather than structural” as the demand metric remains negative, highlighting…

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Brazil Central Bank Bars Virtual Assets From eFX Payments

Brazil’s central bank, Banco Central do Brasil (BCB), has barred the use of virtual assets in certain regulated international payment and transfer services, tightening rules for cross-border payment providers operating under the country’s eFX framework. On Thursday, BCB published Resolution BCB No. 561, amending existing rules for eFX, a regulated category covering international payments and…

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South Korean Court Lifts Bithumb’s Six-Month Business Suspension

In brief The Seoul Administrative Court granted a stay on Bithumb’s business suspension Thursday, pending a final ruling. Judge Gong Hyeon-jin cited potential irreparable harm to the exchange if core functions remained restricted. The suspension was part of March sanctions by South Korea’s Financial Intelligence Unit. A Seoul court granted crypto exchange Bithumb an emergency…

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Bakkt Finishes Acquisition of Stablecoin Infrastructure Firm

Digital asset company Bakkt completed its acquisition of stablecoin infrastructure firm Distributed Technologies Research (DTR) through an equity-based transaction as part of its bid to create a digital settlement layer. Bakkt CEO Akshay Naheta said on Thursday that the deal aims to combine Bakkt’s institutional infrastructure with DTR’s native artificial intelligence payments engine and stablecoin…

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