Welcome to Crypto Insider, your go-to source for the latest news, trends, and market insights from the world of digital assets. As the crypto landscape evolves at lightning speed, we’re here to keep you informed with real-time updates, in-depth analysis, and expert perspectives. Let’s dive into today’s highlights in the fast-paced world of cryptocurrency.
Cardano Founder Predicts Bitcoin Could Reach $250K This Year
Bitcoin could soar to $250,000 by the end of this year, according to Charles Hoskinson, the founder of IOHK and the Cardano blockchain. In a recent interview on CNBC’s “Beyond The Valley” podcast, Hoskinson attributed the potential surge to factors like growing crypto adoption and favorable legislation.
He also forecast that the “Magnificent 7,” a group of major tech companies including Apple and Amazon, will start integrating stablecoins once pivotal legislation is passed.
Despite recent market fluctuations, including a sell-off driven by President Donald Trump’s global tariffs, Hoskinson remains optimistic. Bitcoin recently dropped below $77,000, but a recovery pushed it above $82,000 after Trump reduced tariffs to 10% for 90 days to allow for trade talks.
Bitcoin Jumps Over 7% as Trump Pauses Tariffs, Fueling Market Rally
Bitcoin surged by more than 7% on Wednesday after President Donald Trump announced a 90-day pause on tariffs, driving a broad market rally. The cryptocurrency spiked to $82,305.55, up from a low of $74,567.02 earlier in the day.
This surge coincided with the S&P 500’s biggest rally since 2008, as Trump’s pause temporarily alleviated market pressures. The move, which includes a 10% tariff reduction for 90 days, is seen as a strategic effort to ease short-term market volatility without relinquishing leverage. Trump also announced plans to raise tariffs on China to 125% after the pause.
OpenSea Calls on SEC to Resolve NFT Regulatory Uncertainty
OpenSea, the leading NFT marketplace, has urged the U.S. Securities and Exchange Commission (SEC) to clarify the regulatory status of non-fungible token (NFT) platforms, arguing that they should not be classified as securities exchanges or brokers. In a letter sent to the SEC on April 9, OpenSea’s general counsel, Adele Faure, and deputy general counsel, Laura Brookover, emphasized that platforms like OpenSea do not fall under the Securities Exchange Act of 1934.
The letter critiques the SEC’s attempt to expand its jurisdiction over NFT marketplaces, suggesting the focus is more on broadening regulatory reach than addressing actual risks. OpenSea called for the SEC to issue clear, informal guidance to resolve the uncertainty surrounding NFT regulations and protect the competitive edge of U.S. tech companies in the global market.
