Grayscale launches two new Bitcoin outcome-oriented products

Major cryptocurrency asset manager Grayscale Investments announced two new Bitcoin outcome-oriented exchange-traded funds (ETFs).

According to an April 2 announcement, the new products are the Grayscale Bitcoin Covered Call ETF (BTCC) and the Grayscale Bitcoin Premium Income ETF (BPI). According to an email sent to Cointelegraph, the two new Bitcoin (BTC) funds are meant to generate revenue by harnessing BTC volatility:

“Both strategies may be considered as an alternative income stream that’s less correlated to traditional income-oriented investments.“A complex derivative product

The Bitcoin Covered Call product seeks to capture the highest premiums and maximize potential income. Grayscale suggests that it may serve as a complement to Bitcoin exposure.

Related: Bitcoin traders are overstating the impact of the US-led tariff war on BTC price

The fund’s strategy involves systematically writing calls very close to spot prices. The hope is that, due to Bitcoin’s historically high

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Coreum: How a 7,000 TPS Blockchain Is Shaping the Future of Regulated Finance

A new report by Cointelegraph Research explores Coreum’s role in institutional blockchain adoption. It analyzes the project’s technical architecture, compliance framework and its potential impact on regulated asset tokenization. The report presents insights into transaction efficiency, security mechanisms and crosschain interoperability. It also evaluates how Coreum fits into the evolving financial landscape.

Blockchain evolution and institutional requirements

The adoption of blockchain technology by financial institutions has been increasing in lockstep, with the value locked in tokenized real-world assets (RWA). The latter grew by 85% in 2024

Our report examines how third-generation blockchains, such as Coreum, are addressing the challenges of scalability, regulatory compliance and interoperability. Improvements in the infrastructure on the base layer will lead to more seamless institutional adoption in the future.

Read the full version of the

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Crypto has a regulatory capture problem in Washington — Or does it?

The crypto industry’s sway in Washington DC has made it more likely that the industry will get beneficial legislation, but it’s also creating problems. 

Concerns of regulatory capture — a situation in which regulators or lawmakers are co-opted to serve the interests of a small constituency — have grown as crypto lobbying gains influence in Washington.

The risks of regulatory capture are twofold: First, the public interest is shut out from policy-making in favor of a single industry or company, and second, it can make regulators blind to or paralyzed by economic risks. 

Now, not even three months into Trump’s presidency, American lawmakers and industry crypto observers have voiced concerns that this regulatory capture could not only negatively affect the country but curb competition within the crypto industry as well. 

Regulatory capture in the battle for crypto policy

In a March 28 letter, prominent members of the US Senate Banking Committee and Committee on Finance

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Messaging apps are spying on you — Here’s how to stay safe in 2025

Social messaging apps tend to make major news headlines a few times per year for either their use in planning some sort of crime or, more routinely, for users’ privacy concerns over how companies like Meta — which owns WhatsApp, Instagram and Messenger — handle user data. 

In a somewhat separate event, the Trump administration became the focus of national discussion after members of US President Donald Trump’s cabinet were found to be using Signal to plan military actions in Yemen. While a hack, backdoor access or misuse of user data was not the source of criticism in this scenario, the event did raise national security concerns about Signal’s security and whether or not high-ranking government officials should be using messaging apps to discuss classified information. 

Apple’s recent decision to stop offering end-to-end encrypted (E2EE) cloud storage in the UK instead of creating a backdoor that would allow the UK government access

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Blockchain projects fight for 23andMe user data amid bankruptcy

DNA testing firm 23andMe is bankrupt, and now the genomic data of its 15 million users is up for sale to the highest bidder. Could that data end up on the blockchain?

The company announced on March 23 that it had filed for Chapter 11 bankruptcy protection and that its CEO, Anne Wojcicki, had stepped down. The announcement sent waves of concern among 23andMe’s customers, many of whom are now scrambling to delete their data from the service.

Privacy advocates and government officials have weighed in, urging users to download and then delete their data. The sense of urgency increased on March 26 when a judge gave 23andMe the official stamp of approval to sell user data. Still, there is the question of where these users should move their data and whether there is a better alternative.

In

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$2B lost to crypto hacks in Q1 2025, $1.63B from access control flaws

Over $2 billion was lost to cryptocurrency hacks in the first quarter of 2025.

According to a report shared with Cointelegraph by crypto cybersecurity firm Hacken, in Q1 2025, nearly $1.63 billion was lost just to access control exploits. Anmol Jain, vice president of investigations at crypto forensics firm AMLBot, told Cointelegraph that the exceptionally high figure is mainly attributable to the recent hack of the crypto exchange Bybit.

The data is similar to that recently shared by crypto cybersecurity firm PeckShield. The competing firm’s report — which excludes scams — suggested that crypto hacks total at $1.6 billion in Q1 2025.

Total 2025 Q1 crypto hack losses by category. Source: Hacken

Late February reports indicate that the North Korean hackers behind the $1.4 billion Bybit hack control over 11,000 cryptocurrency wallets used to launder stolen funds. The

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Avalanche stablecoins up 70% to $2.5B, AVAX demand lacks DeFi deployment

Avalanche saw a significant surge in stablecoin supply over the past year, but the onchain deployment of this capital points to passive investor behavior, which may be limiting demand for the network’s utility token.

The stablecoin supply on the Avalanche network rose by over 70% over the past year, from $1.5 billion in March 2024, to over $2.5 billion as of March 31, 2025, according to Avalanche’s X pos

Market capitalization of stablecoins on Avalanche. Source: Avalanche

Stablecoins are the main bridge between the fiat and crypto world and increasing stablecoin supply is often seen as a signal for incoming buying pressure and growing investor appetite.

However, Avalanche’s (AVAX) token has been in a downtrend, dropping nearly 60% over the past year to trade above $19 as of 12:31 pm UTC, despite the $1

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How many US dollars does XRP transfer per day?

XRP (XRP), the native cryptocurrency of the XRP Ledger (XRPL), has been touted by proponents as a high-speed, low-cost solution for cross-border payments. But just how much value flows through the network on a daily basis? Let’s examine.

XRP volumes have risen since Trump’s reelection

Based on recent data from Glassnode, XRP’s daily transfer volume settled on its blockchain in US dollars frequently ranges between $300 million and $1 billion.

However, since November 2024, when Donald Trump won the US presidential election, XRP has settled an average of $2.28 billion per day, signifying heightened network activity likely fueled by XRP’s price boom in the same period.

XRP total transfer volume. Source: Glassnode

That said, these spikes don’t necessarily reflect steady adoption or payment activity; instead, they could further be tied to speculative behavior, Ripple-related transfers, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/xrp-distribution-hits-record-level-as-the-altcoin-trades-below-3"

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Kraken secures restricted dealer registration in Canada

Cryptocurrency exchange Kraken has obtained a new registration in Canada at its latest compliance milestone.

Kraken has received a restricted dealer registration in Canada, reaffirming its commitment to serving Canadian investors, the company said in an announcement shared with Cointelegraph on April 2.

The registration comes as Kraken handles more than $2 billion in Canadian dollars ($1.4 billion) combined assets under custody for its Canadian users.

In conjunction with the registration, Kraken announced the appointment of Cynthia Del Pozo as the new general manager for North America. Before joining Kraken in 2025, Del Pozo served as head of strategy at Winklevoss twins’ Gemini, which exited the Canadian market in late 2024.

Restricted dealer registration is subject to specific requirements

According to the Canadian Securities Administrators (CSA), restricted dealer registration is one of the eight-firm registration types in Canada, telling investors what products and services they

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Pi Network price nears all-time lows as supply pressure mounts

Social cryptocurrency project Pi Network’s price approaches all-time lows as more and more coins are unlocked.

CoinMarketCap data shows that Pi Network (PI) is trading at $0.6722 as of press time, very close to its all-time low of $0.6152 reported on Feb. 20. The price action comes as over 126.6 million PI tokens are expected to be unlocked this month, equivalent to just under 1.87% of the coin’s current circulating supply.

Monthly Pi unlock chart. Source: PiScan

Founder of Obchakevich Research, Alex Obchakevich, attributed the price downturn to continued PI unlocks in correspondence with Cointelegraph. He described the event as “inevitable in any case” and said:

“Monthly unlocks exceed demand, which greatly affects the value of the token.“

Related: The truth about Pi coin: Could it be the next Bitcoin?

So far, the network has unlocked 4.9 billion PI,

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