Top Stories of The Week New SEC chair ‘will be good for B
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Top Stories of The Week
New SEC chair ‘will be good for Bitcoin’ — Michael Saylor
Michael Saylor, the CEO of top corporate Bitcoin holder Strategy (formerly MicroStrategy), expressed support for new US Securities and Exchange Commission (SEC) Chair Paul Atkins.
In an April 23 X post, Saylor wrote that “SEC Chairman Paul Atkins will be good for Bitcoin.” The statement follows Atkins’ swearing-in as the 34th chairman of the SEC on April 21.
Blue Macellari, head of digital assets at investment firm T. Rowe Price, also commented on Atkins in a recent Bloomberg interview. She seemed hopeful and recognized a change in how the SEC has acted under the new administration, particularly with crypto-related information, including “close to six or seven roundtables” with industry professionals.
Trump memecoin team denies $300K dinner requirement rumors
US President Donald Trump’s memecoin team denied social media rumors that holders of the Official Trump token need at least $300,000 to participate in an upcoming dinner with the president.
On April 25, the official X account of the Trump memecoin clarified that there is no $300,000 requirement to join the memecoin project’s dinner event featuring the US president.
The rumor stemmed from community members citing the Solana blockchain explorer showing holders on the token’s contract address. At the time of writing, the explorer shows that the 220th-largest holder has 33,114 TRUMP, worth more than $400,000. However, the memecoin team said the explorer doesn’t reflect their criteria.
Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally
Bitcoin’s price trajectory may be suppressed ahead of its upcoming “omega candle” rally, according to Prince Filip Karađorđević, the hereditary prince of Serbia and Yugoslavia.
In an April 24 interview with Simply Bitcoin, Filip said some market participants may be limiting Bitcoin price action.
“People are able to control the market to some extent,” he said. “Maybe that’s what acted on the 2021 market that suppressed its price from jumping high up. We could get that again in 2025, but there will be one point where [Bitcoin price] will run away.”
Filip added that Bitcoin remains a fundamentally deflationary asset and said its value is “always going to rise over time.”
Sam Bankman-Fried moved to a low-security prison — so what?
Sam “SBF” Bankman-Fried, the disgraced co-founder of collapsed cryptocurrency exchange FTX, has been moved to a low-security US federal correctional institution.
Bankman-Fried was moved to the low-security Terminal Island federal correctional institution. Previously, he was located at the Victorville medium-security facility, a notoriously violent place, according to prison consultant firm Elizabeth Franklin-Best.
Samuel Goldfaden, a partner at the crypto-centric law firm, DLT Law told Cointelegraph that while his previous facility was violent, Bankman-Fried had been held in a safer part of the facility,
Riot Platforms secures $100M ‘Bitcoin-backed’ loan from Coinbase
Riot Platforms has used its massive Bitcoin stockpile as collateral to secure a $100 million credit facility from Coinbase as the cryptocurrency miner eyes continued expansion.
The $100 million loan from Coinbase’s credit arm marks Riot’s “first Bitcoin-backed facility,” CEO Jason Les said in an April 23 statement.
Les said the credit line will be used to fund general corporate operations and support the company’s “strategic growth initiatives.”
The credit line is scheduled to mature in one year’s time, but could be extended for an additional year. The loan carries an annual interest payment of at least 9%, based on the current upper limit of the federal funds rate plus 4.5%.
Winners and Losers
At the end of the week, Bitcoin (BTC) is at $94,738, Ether (ETH) at $1,789 and XRP at $2.18. The total market cap is at $2.96 trillion, according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are OFFICIAL TRUMP (TRUMP) at 71.78%, Sui (SUI) at 66.94% and Bonk (BONK) at 64.21%.
The top three altcoin losers of the week are DeXe (DEXE) at 5.58%, UNUS SED LEO (LEO) at 3.12% and PAX Gold (PAXG) at 1.12%. For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
Most Memorable Quotations
“2025 has the potential to be blockchain’s ‘ChatGPT’ moment for adoption in the financial and public sector, driven by regulatory change.”
Citigroup financial analysts
“We have seen Bitcoin supply on exchanges dropping due to public company purchases — something we anticipate accelerating in the near future.”
Fidelity
“Despite growing institutional interest, Bitcoin’s long-term resilience…
cointelegraph.com