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Slovenia’s capital of Ljubljana ranked as world’s most crypto-friendly city

The capital city of Slovenia — Ljubljana — has been named the world’s most crypto-friendly city by migration advisory firm Multipolitan.

The city outranked runners-up Hong Kong and Switzerland’s economic powerhouse Züric, which scored the same in the Crypto-Friendly Cities Index, found in its 2025 Crypto Report.

The index featured 20 cities and ranked their crypto-friendliness based on their regulations, tax environment, lifestyle factors and digital and crypto infrastructure.

Multipolitan said its evaluation included weighing areas such as a city’s licensing frameworks, capital gains tax rates, GDP per capita, housing affordability and internet speeds.

“The presence of crypto ATMs and retail adoption rates were analysed to reflect each city’s embedded cryptocurrency culture,” it explained. “High concentrations of these assets earned the top scores.”

The city-state of Singapore and the United Arab Emirates’ capital of Abu Dhabi were respectively ranked fourth and fifth after the second-place

Italian town to unveil locally financed Satoshi Nakamoto monument

The Italian municipality of Fornelli in the Molise region of Italy will be dedicating a monument to pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto.

In an April 23 Facebook post from the municipality, Fornelli said it plans to unveil the Satoshi artwork on May 1. Details surrounding the monument were unclear in the announcement, but the municipality said it had been designed by artist Mattia Pannoni and financed by the local government.

“It is important, indeed fundamental, as an administration, to take into consideration all the new ideas that come from our young people,” said Fornelli Mayor Giovanni Tedeschi.

According to the local government, Fornelli has the “highest density of Bitcoin adoption in the world” among its roughly 1,800 residents. Other regions have attempted to use BTC or other cryptocurrencies to attract visitors, including the Bitcoin Beach area of

SEC delays decision on Polkadot ETF

The US Securities and Exchange Commission (SEC) has delayed a decision on whether to approve a proposed exchange-traded fund (ETF) holding Polkadot’s native token, regulatory filings show.

According to an April 24 filing, the regulator has extended its deadline for a final ruling until June 11, nearly four months after the Nasdaq sought permission to list Grayscale Polkadot Trust on Feb. 24.

Grayscale’s ETF filing adds to a roster of roughly 70 proposed ETFs awaiting SEC approval, including funds holding altcoins, memecoins, and crypto-related financial derivatives, according to Bloomberg Intelligence.

Asset managers are pitching ETFs for “[e]verything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between,” Bloomberg analyst Eric Balchunas said in an April 21 post on the X platform. Asset manager 21Shares is also

Federal Reserve withdraws crypto guidance for banks

The US Federal Reserve has announced it would withdraw guidance for banks engaging in crypto asset and stablecoin-related activities.

”The Board is rescinding its 2022 supervisory letter establishing an expectation that state member banks provide advance notification of planned or current crypto-asset activities,” the Board of Governors of the Federal Reserve explained in an April 24 statement.

Any crypto-related activities will now be monitored through the Federal Reserve’s normal supervisory process, it said.

The Federal Reserve is also rescinding its 2023 supervisory letter that impacted how state banks could engage in stablecoin activities.

This is a developing story, and further information will be added as it becomes available.

White House receives over 10,000 comments on AI development plan

The White House said on April 24 that it received more than 10,000 public comments on its planned artificial intelligence action plan, indicating widespread interest in the technology as the global race for AI leadership accelerates.

Among the stakeholders providing inputs were AI giants such as OpenAI, Meta, Amazon, Google, and Microsoft. In addition, organizations in academia, non-profits, and industry associations also took part in the discussion.

A preliminary review of comments from major private-sector companies highlighted several recurring themes, including the need for greater investment in US energy resources to support AI growth, foreign policy efforts to enhance the global influence of American AI firms, and improved infrastructure to advance AI development domestically.

Excerpt from Meta’s comments. Source: NITRD

In addition, many companies lobbied for an open, innovative framework to guide the American AI industry and provide safeguards to individuals.

The White

Avalanche-powered Axiym bets on money services businesses

Global cross-border payment platform Axiym is targeting the rising demand from money services businesses (MSBs) for blockchain-based infrastructure and stablecoin solutions for international transactions, the company told Cointelegraph.

Headquartered in Dubai, United Arab Emirates, Axiym disclosed on April 24 that it has processed more than $132 million in cumulative volume on the Avalanche blockchain.

The platform uses Avalanche to deliver real-time credit and liquidity infrastructure to MSBs worldwide.

Source: Avalanche

MSBs — a broad category that includes money transmitters like Western Union, currency exchanges, crypto platforms, fintech firms, and check cashers — are embracing these innovations, Morgan Krupetsky, head of institutions and capital markets at Ava Labs, told Cointelegraph.

In the case of Axiym, “MSBs themselves don’t operate onchain,” Axiym CEO Khibar Rassul told Cointelegraph. Instead, “Axiym connects their existing payment operations to Avalanche behind the scenes using blockchain to automate, move, and manage capital far more efficiently.”

“Under the hood,

Was $1.4K Ethereum’s ‘generational bottom?’ — Data sends mixed signals

Ether (ETH) price has climbed above $1,700 after 16 days of selling pressure caused by macroeconomic uncertainty and a sharp decline in onchain activity. Despite the rebound, Ether has underperformed the broader altcoin market by 23% year-to-date.

Some traders claim that ETH is set for a “generational” bull run by offering a “truly” decentralized and permissionless financial system, but is that really the case?

Source: X/0xMontBlanc

Ether was one of the few major cryptocurrencies that did not reach a new all-time high in 2025, unlike competitors such as Solana (SOL), Tron (TRX), and BNB (BNB).

Some critics argue that moving away from proof-of-work mining removed a competitive advantage that Ethereum once had over its rivals.

Ethereum fee drop signals ETH price weakness

Eventually, Ether may

Ethereum's L2 approach equals many high-throughput chains — Avail exec

Ethereum’s focus on scaling through many layer-2 networks, each with its own transaction processing speed and parameters, potentially gives the network an unlimited number of unique high-throughput chains, according to Anurag Arjun, co-founder of Avail, a unified chain abstraction solution.

In an interview with Cointelegraph, Arjun acknowledged that Ethereum and high-throughput competitors with monolithic architecture are fundamentally different products. However, Ethereum’s choice to scale through a plethora of L2 solutions gives it an overlooked quality:

“The under-appreciated beauty of this rollup-centric roadmap architecture is that it allows multiple teams to experiment with different execution environments and different block times.”

This allows a diverse set of high-throughput sidechains to appear rather than just one singular architecture on any monolithic layer-1s, the executive added. However, without true interoperability, switching between L2s will remain as complex as bridging assets between different blockchain ecosystems altogether, Arjun warned.

An overview of Ethereum’s layer-2 ecosystem.

Securitize, Mantle launch institutional crypto fund

Tokenization platform Securitize has partnered with decentralized finance (DeFi) protocol Mantle to launch an institutional fund designed to earn yield on a diverse basket of cryptocurrencies, the companies said.

Similar to how a traditional index fund tracks a mix of stocks, the Mantle Index Four (MI4) Fund aims to offer investors exposure to cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Solana (SOL), as well as stablecoins tracking the US dollar, Securitize said in an April 24 announcement.

The fund also integrates liquid staking tokens — including Mantle’s mETH, Bybit’s bbSOL, and Ethena’s USDe — in a bid to enhance returns with onchain yield, according to the announcement.

The launch comes as retail and institutions alike increase exposure to cryptocurrencies, particularly Bitcoin, as a hedge amid escalating macroeconomic uncertainty.

Bitcoin long-term holders get $26B boost as BTC price recovers from ‘fairly normal’ 30% correction

Key Takeaways:

The Bitcoin long-term holder cohort saw a $26 billion value increase as BTC price surged to $94,900.

Short-term holders sold at a loss in early April.

Bitcoin’s 30% correction lines up with historical cycles, and BTC could find support in the $88,750 and $91,000 zone.

Bitcoin (BTC) long-term holders (LTHs) significantly increased their collective wealth in April as BTC price surged from $74,450 to $94,900. According to data from CryptoQuant, the long-term holders (LTHs) realized market cap increased from $345 billion to $371 billion between April 1 and April 23, marking a $26 billion gain.

BTC LTH realized cap drawdown chart. Source: CryptoQuant

This sharp increase in LTH realized cap signals that long-term holders are rewarded for resilience through recent drawdowns. Bitcoin experienced a 30%+ correction between January and early April, a pattern consistent with historical market cycles.