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Binance tightens South African compliance rules for crypto transfers

Binance is set to implement new compliance measures for South African users, requiring sender and receiver information for all crypto deposits and withdrawals.

In an announcement on April 23, the largest exchange in terms of daily trading volume of cryptocurrencies said the move comes in response to local regulatory demands.

Starting April 30, Binance users in South Africa will be prompted to provide additional information when transferring crypto.

For deposits, users must disclose the sender’s full name, country of residence, and, if applicable, the name of the originating crypto exchange. Similarly, withdrawals will require beneficiary details before processing.

Binance to require information for all crypto transfers in South Africa. Source: Binance

The update will only impact crypto deposits and withdrawals, leaving trading and other platform features unaffected.

Missing transfer details may reverse transactions

Binance warned that failure

What are spot Solana ETFs with staking? Canada’s crypto innovation explained

What are spot Solana ETFs and why are they important?

A spot Solana ETF is an exchange-traded fund that holds Solana (SOL) tokens directly, providing investors real-time exposure to the asset’s market price. Rather than using complex trading platforms or crypto wallets, you can access Solana via a regulated financial product traded on a traditional stock exchange.

The value of Solana ETFs is directly tied to the open market price of SOL, offering a simple way to gain exposure to the blockchain’s performance without directly holding the asset. Unlike futures-based ETFs that use derivative contracts to speculate on Solana’s future prices, a spot ETF tracks the performance of the actual asset.

This distinction is significant because futures products may face pricing inefficiencies, leading to performance mismatches over time. Spot ETFs are more transparent and directly reflect SOL’s real-time supply and demand on the Solana

Read More at https://cointelegraph.com/explained/what-are-spot-solana-etfs-with-staking-canadas-crypto-innovation-explained?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ethereum bounces back as market dominance recovers from all-time low

Ethereum’s price has surged after having been in the doldrums for weeks, helping boost its market share after it hit record lows.

Ether (ETH) has surged almost 15% over the past 24 hours, topping $1,800 on April 23. It has outperformed Bitcoin, which notched a 6% gain, and the wider crypto market, which has climbed almost 5% to reclaim a total market value of $3 trillion.

Ether has now managed to recover almost 30% since its April 9 crash to $1,400, leading some analysts to suggest that the worst may be over for the world’s second-largest crypto asset.

“You can hate Ethereum all you want, but when it has a big day, the entire crypto ecosystem goes up,” crypto trader and analyst “Income Sharks” commented to their 640,000 X followers.

Market analyst “Ash Crypto” said ETH was “about to

Cantor plans $3B crypto venture with SoftBank, Bitfinex and Tether: Report

Brandon Lutnick, chair of investment banking firm Cantor Fitzgerald, is reportedly partnering with SoftBank, Tether and Bitfinex to create a $3 billion crypto acquisition company.

Lutnick and the consortium hope to create a publicly listed crypto acquisition company to capitalize on the market under crypto-friendly US President Donald Trump, and replicate Michael Saylor’s company Strategy, the Financial Times reported on April 23, citing three people who have been briefed on the plan.

Cantor Equity Partners raised $200 million in January for the new firm called 21 Capital. At the same time, stablecoin issuer Tether will fork out $1.5 billion in Bitcoin (BTC), Japanese investment holding firm Softbank Group will contribute $900 million, and the crypto exchange Bitfinex will add $600 million.

Lutnick’s new venture hopes to raise another $350 million in convertible bonds and a separate $200 million

SEC says it won’t re-file fraud case against Hex’s Richard Heart

The US Securities and Exchange Commission has said it doesn’t intend to refile its securities fraud complaint against Hex founder Richard Schueler, who goes by Richard Heart.

“Plaintiff Securities and Exchange Commission provides this notice that it does not intend to file an amended complaint in this matter,” the regulator’s lawyer, Matthew Gulde, stated in an April 21 letter to New York District Court Judge Carol Bagley Amon.

The court had previously dismissed the SEC’s original complaint on Feb. 28 as Judge Amon said the regulator failed to establish that it had jurisdiction over Heart’s activities, which she said were not specifically targeted at US investors.

She granted leave for the SEC to file an amended complaint by March 20, later extending the deadline to April 21.

Heart posted to X on April 22 that “Richard Heart, PulseChain, PulseX, and HEX have defeated the SEC

Tesla holds onto Bitcoin as Musk says time at DOGE to ‘drop significantly’

Tesla has held onto its Bitcoin during the first quarter of 2025 as CEO Elon Musk promised shareholders that he would scale back his time working as the Trump administration’s cost-cutting czar.

Musk’s comment appears to have been the main catalyst behind Tesla’s (TSLA) 5.4% price jump in after-hours trading on April 22 to $250.80 after closing the trading day up 4.6%, according to Google Finance.

It comes as the automaker’s Q1 results released the same day show revenues hit $19.34 billion, missing Wall Street estimates by 7.85% and marking a 9.2% fall from the same period last year.

Tesla’s net income of $409 million also marked an 80.8% quarter-on-quarter drop and a 70.5% fall from Q1 2024.

Source: Tesla

Tesla’s digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in

Bitcoin price hits 7-week high as Trump softens tone on trade war

Bitcoin has broken above $93,000 for the first time in seven weeks, extending its post-Easter rally as recent macro events have analysts expecting more upside.

Bitcoin (BTC) has climbed 5.62% over the past 24 hours and surpassed $93,000 on April 22 for the first time since March 3, continuing a 12% price rally its seen over the past seven days, according to CoinMarketCap.

Bitcoin traders eye “craziest one-minute candle”

Bitcoin quickly jumped from just below $91,500 to $93,000 in minutes, leaving traders guessing where the rally could go next.

“This is the craziest one-minute candle I’ve ever seen on the Bitcoin chart,” Bitcoin commentator Michael Sullivan said in an April 22 X post.

Bitcoin is trading at $92,920 at the time of publication. Source: CoinMarketCap

Pseudonymous crypto trader Crypto General said

Trump Media inks deal with Crypto.com for ‘Made in America’ ETFs

US President Donald Trump’s media conglomerate, Trump Media and Technology Group, has signed an agreement with crypto exchange Crypto.com to launch exchange-traded funds “with a Made in America focus.”

Trump Media, which operates the social media site Truth Social, said on April 22 that it signed a binding agreement with Crypto.com and asset manager Yorkville America Digital to launch ETFs, which “are expected to comprise digital assets as well as securities with a Made in America focus spanning diverse industries such as energy.”

The funds will launch through Trump Media’s decentralized finance brand, Truth.Fi, and will be available through Crypto.com’s broker-dealer, Foris Capital. The funds are expected to go live later in 2025, subject to regulatory approval.

Trump Media plans to invest some of its cash reserves into the ETFs, which will be launched alongside a number of

SEC and feds charge man over $200M crypto trading scheme

The US Securities and Exchange Commission and federal prosecutors have charged a man they allege created a crypto scheme that swindled 90,000 people out of $200 million in the hopes of earning returns from Bitcoin and forex trading.

The SEC said on April 22 that it had charged Ramil Palafox, a dual citizen of the US and the Philippines, claiming he misappropriated over $57 million in investor funds gained through his company, PGI Global, between January 2020 and October 2021.

The regulator alleged Palafox used a multilevel marketing model to execute a “Ponzi-like” scam until the company’s collapse in 2021. The SEC said he lured investors through “false claims of crypto industry expertise and a supposed AI-powered auto-trading platform.”

The SEC claimed Palafox hosted lavish events in Dubai and Las Vegas to recruit new members who were offered referral bonuses to recruit others

Australia’s top court sides with Block Earner, dismisses financial regulator's suit

The Federal Court of Australia has sided with fintech firm Block Earner in an appeal against a ruling that found it was required to hold a financial services license for its now-discontinued crypto-related products.

Block Earner’s crypto-linked fixed-yield earning product is not a financial product, or a managed investment scheme, and is not a derivative under the Corporations Act, Justices David O’Callaghan, Wendy Abraham and Catherine Button said in an April 22 judgment.

The trio said Block Earner’s yield product couldn’t be classed as an investment or financial product because users loaned crypto under fixed terms for interest payments and didn’t pool contributions to generate further benefits. The terms and conditions framed it as a loan, and users had no exposure to the firm’s business outside of the agreed interest rate, they added.

A court has dismissed the legal proceedings against Block Earner