FOREX NEWS & BLOG

Binance Advising Multiple Governments on Bitcoin Policy, CEO Says

Binance Advising Multiple Governments on Bitcoin Policy, CEO Says

April 17, 2025 4:50 pm |

As the US sharpens its approach to digital asset
policy, other countries are reaching out to Binance to explore their
own national strategies for holding Bitcoin, the Financial Times reported. While Teng did not disclose which countries are
involved, he highlighted that the United States is currently leading global
efforts in developing strategic Bitcoin frameworks.

CEO Richard Teng says the crypto exchange is now
advising governments and sovereign wealth funds on how to establish digital
asset reserves, an emerging trend with potentially far-reaching economic
implications.

Richard Teng, who became Binance CEO after Changpeng
Zhao stepped down, revealed in an interview that multiple governments have
asked the company for input on setting up strategic Bitcoin reserves and
crafting crypto regulations.

States Seek Guidance Amid Rising Institutional
Interest in Bitcoin

While he declined to name the specific countries
involved, Teng pointed to the United States as “way ahead” in these
developments.

Teng’s comments come as the concept of Bitcoin as a
strategic national asset gains traction. Earlier this year, former US President
Donald Trump signed an executive order to create a Strategic Bitcoin Reserve,
funded by confiscated BTC from criminal and civil proceedings.

The move appears to have influenced other nations to
consider similar frameworks. While countries such as Pakistan and Kyrgyzstan
have recently announced partnerships with Binance around crypto regulation,
none have yet confirmed plans to establish Bitcoin reserves.

Still, Teng noted that interest in both reserves and
policy formation is growing globally, especially in light of US leadership on
the issue. This global outreach marks a notable evolution in Binance’s public
role. Once operating without a fixed headquarters, the company is now
considering establishing a global base, Teng confirmed.

The move reflects both Binance’s maturing posture and
the broader regulatory shift occurring across crypto markets. With countries
beginning to mirror US moves in this space, Binance’s role as an advisor may
only deepen in the coming years.

Binance Reconsiders Its ‘No Headquarters’ Era

Teng acknowledged that Binance’s management is
currently evaluating locations for a global headquarters, a marked change from
founder Changpeng Zhao’s earlier stance that physical offices were outdated.

The decision comes amid increasing regulatory clarity
across several jurisdictions, which have made it easier for large players like
Binance to operate within formal legal structures. In past years, the company
faced scrutiny from numerous regulators over its lack of physical presence and
licensing.

Binance’s expanding influence in shaping national
crypto policies and reserves indicates a shift in how governments view digital
assets: not only as financial tools but also as elements of strategic economic
infrastructure.

This article was written by Jared Kirui at www.financemagnates.com.

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NASDAQ turns negative

NASDAQ turns negative

April 17, 2025 4:29 pm |

The major US stock indices remain mixed. The Dow industrial average is largely impacted by United health which is down $122 or -21% at $462. That has the Dow industrial average down 577 points or -1.46%.

Meanwhile the broader indices are giving up their early gains.

  • NASDAQ index is now down -37 points or -0.24%. At session highs the index is up 95 points.
  • S&P index is trading unchanged at 5277. At session highs the index was up 32.56 points

Nvidia continues to be under pressure and is down -3.5% at $100.81. Matter is down -0.31% and Microsoft is down -0.36%.

Although the markets seem pressured, the NASDAQ index did reach a low of 14784.03 back on April 7. The current price is 16250. The S&P index reached a low of 4835.04. The current price is trading at 5275.

This article was written by Greg Michalowski at www.forexlive.com.

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Israeli officials recently developed plans to attack Iranian nuclear sites in May

Israeli officials recently developed plans to attack Iranian nuclear sites in May

April 17, 2025 4:20 pm |

The New York Times was out late yesterday with a report relevant to the Middle East and oil traders:

  • Israeli officials had recently developed plans to attack Iranian nuclear sites in May to set back Iran’s nuclear program by a year.
  • Trump made clear to Netanyahu that he would not provide American support for an Israeli attack in May while the negotiations were playing out
  • Netanyahu initially pushed for an option that would have combined airstrikes with commando raids
  • Gabbard argued the buildup of American weaponry could potentially spark a wider conflict with Iran that the United States did not want

There are reports of a larger buildup of American navy assets in the Arabian sea, though the target is purportedly the Houthis in Yemen.

I take this report as a sign that nothing is imminent, though the latest reports on negotiations aren’t as good as they were coming out of the weekend. Also note that the targets here all appear to be nuclear, not energy more broadly or oil.

This article was written by Adam Button at www.forexlive.com.

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Bhutan Taps Hydropower for Green Crypto Mining to Achieve ESG Goals

Bhutan Taps Hydropower for Green Crypto Mining to Achieve ESG Goals

April 17, 2025 4:09 pm |

Bhutan is exploring the use of hydropower to mine green
cryptocurrencies. The aim is to support the economy and reduce youth migration,
according to the head of the country’s sovereign wealth fund.

Green cryptocurrencies are digital currencies mined using
renewable energy, such as hydropower. Unlike fossil fuels, these energy sources
have a lower environmental impact.

Bhutan is located between India and China. It has invested
in popular cryptocurrencies in recent years. Two government officials in
Thimphu said profits from these investments helped pay public sector wages for
two years.

Bhutan Leverages Hydropower for Green Crypto Mining

The sovereign wealth fund, which also oversees Bhutan’s sole
power utility, began investing in cryptocurrencies in 2019. CEO Ujjwal Deep
Dahal, Druk Holding and Investments Ltd, CEO said the fund viewed these assets
as both a strategic investment and a potential turning point for the country.

Bhutan operates large computers using hydropower to mine
digital coins. Officials are assessing whether international corporations would
be willing to buy these “green” coins to meet environmental, social,
and governance (ESG) targets.

While Bhutan is scaling up green crypto mining through
hydropower, Russia
has imposed a six-year ban on crypto mining in 10 regions starting January
2025. This move, aimed at reducing fossil fuel consumption, seeks to conserve
energy for essential sectors, especially during peak winter demand when power
shortages are more likely.

Check out a story on ESG trends and their impact on the CFD
industry at FinanceMagnates.com: Profit and Planet: Forex
Brokers Embrace Sustainability amid $50 Trillion ESG Surge.

Youth Exodus Impacts Bhutan’s Crypto Ambitions

“Bitcoin has not just given more value to hydropower energy,
it has also increased access to liquidity in foreign currency,” said Dahal. He
added that training young people in blockchain and AI could create jobs.

The country, with a population of about 800,000, is
experiencing a youth exodus. Government data shows over 10% of young people
left the country between 2022 and 2023. Youth unemployment rose to 16.5% in
2024.

Analysts say Bhutan’s plan to become a centre for green
cryptocurrency mining will depend on expanding its hydropower. The country
currently has about 3.5 gigawatts in capacity, but it has the potential to
reach 33 gigawatts.

This article was written by Tareq Sikder at www.financemagnates.com.

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NodeOps Launches Staking Hub with Initial Support for Hyperliquid and Beam Networks

NodeOps Launches Staking Hub with Initial Support for Hyperliquid and Beam Networks

April 17, 2025 3:53 pm |

NodeOps, the AI-powered decentralised physical infrastructure network (DePIN) orchestration layer has launched Staking Hub, a new feature that allows users to stake tokens across multiple proof-of-stake networks.

The new feature debuts with support for $HYPE (Hyperliquid currently on testnet) and $BEAM (Beam currently on mainnet).

As part of the launch campaign, NodeOps is also introducing Stakedrop, an incentivised staking program that rewards users with the native token of the network and stNODE (Node points) for staking through NodeOps. Node points can be converted into the Node token post-campaign.

To commemorate the inaugural networks on the NodeOps Staking Hub, stakers will earn daily rewards in $HYPE and $BEAM plus stNODE with a share of 1,000,000 NODE tokens for each network distributed over a 120-day campaign.

“Staking Hub is designed to remove friction and make decentralized staking accessible to everyone,” said Naman Kabra, co-founder of NodeOps.

Explaining why NodeOps is rewarding users for staking testnet tokens like $HYPE, Kabra said: “With projects like Hyperliquid, it’s vital to demonstrate our efficacy as a validator on testnet. By opening this opportunity up to our supporters, we let them earn real rewards and help us demonstrate how stable our service is to the Hyperliquid community.”

Marco van den Heuvel, co-founder and CEO of Beam, commented: “We’re excited to work with NodeOps to allow every single person that holds $BEAM to easily put their tokens to work, and thereby empower the Beam Network.”

Ranked among the top 4 DePINs in 2024 by Depin Ninja, NodeOps Network, NodeOps’ chain-agnostic DePIN orchestration layer for general-purpose compute now boasts more than 113,000 monthly active users and over 705,000 total verified users according to blockchain data and analytics platform Dune.

NodeOps plans to add more protocols to the Staking Hub depending on community interest.

This article was written by FM Contributors at www.financemagnates.com.

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Bitcoin Price Forecast & Predictions for 2025, 2026, 2027–2030, and Beyond

Bitcoin Price Forecast & Predictions for 2025, 2026, 2027–2030, and Beyond

April 17, 2025 3:53 pm |

Bitcoin is the world’s first and most popular cryptocurrency. The token dominates the cryptocurrency market, shaping the entire digital asset industry. Its decentralized nature and limited supply of 21 million coins make it unique, ensuring long-term demand among traders and investors. This article analyzes the current fundamental factors that have influenced Bitcoin’s growth, the history of its creation, and reviews expert forecasts and in-depth technical analysis. Major Takeaways The current BTC price is $84 392.16 as of 17.04.2025. The BTC price reached its all-time high of $109464.94 on 20.01.2025. The cryptocurrency hit its all-time low of $4.2 on 18.02.2012. In 2025,… Read full author’s opinion and review in blog of #LiteFinance

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Safe-Haven Yen Soars Against Trump Tariffs. Forecast as of 14.04.2025

Safe-Haven Yen Soars Against Trump Tariffs. Forecast as of 14.04.2025

April 17, 2025 3:16 pm |

While Washington is offering Tokyo a reprieve on tariffs, attributing the USDJPY pair’s downtrend to the strength of the Japanese economy and the BoJ’s overnight rate hike, the yen is strengthening on other factors. The Japanese currency is regarded as a highly reliable safe haven. Let’s discuss this topic and develop a trading plan. Major Takeaways Investors favor the yen as a safe-haven currency. Speculators are actively buying the Japanese currency. The futures market is not sure about the BoJ rate hike. Short trades on the USDJPY pair can be opened with targets of 140 and 135. Weekly Fundamental Forecast… Read full author’s opinion and review in blog of #LiteFinance

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EURUSD cannot develop any downside momentum after the ECB rate cut

EURUSD cannot develop any downside momentum after the ECB rate cut

April 17, 2025 3:07 pm |

The ECB cut rates by 25 basis points and the Lagarde press conference is over. A summary by topic of the comments from Lagarde (and ECB) :

Growth & Economic Outlook

  • The Euro area economy is resilient, but the growth outlook is deteriorating.

  • Outlook remains clouded by uncertainty, with consumers likely to hold back on spending.

  • Trade disruptions and geopolitical risks are weighing on investment.

  • Growth in Q1 is likely positive; defense spending seen boosting manufacturing.

  • Risks to growth are tilted to the downside, especially from dampened exports and financing conditions.

Inflation & Monetary Policy

  • Most indicators point to underlying inflation trending toward 2%.

  • Wages are moderating, and domestic inflation is easing.

  • Long-term inflation expectations are anchored around 2%, aiding credibility.

  • Strong EUR may reduce inflation; higher import costs could lift it.

  • ECB removed “restrictiveness” from its language; in today’s volatile world, it’s no longer meaningful.

  • ECB will define the appropriate policy stance using data, readiness, and agility.

  • Policy will be meeting-by-meeting, using whatever tools are needed.

Policy Stance & Communication

  • Today’s 25 bps cut was unanimous, though some governors had leaned toward a pause weeks ago.

  • ECB will undertake intense scenario analysis in coming weeks.

  • ECB does not target FX rates, but considers FX in its decisions.

  • The neutral rate is only applicable in a “shock-free” world, which we’re clearly not in.

  • ECB remains flexible and pragmatic, guided by “safe, reliable” data.

Trade, Tariffs & FX

  • Tariffs are a negative demand shock; they will weigh on growth, and inflation effects may grow over time.

  • ECB is sticking to forecasts despite tariff risks.

  • No change in customer behavior due to U.S. tariffs observed yet.

  • On U.S. trade tensions, the EU’s most obvious response is a zero-for-zero tariff deal.

  • Expect re-routing of goods as tariffs disrupt traditional supply chains.

Stimulus & Additional Measures

  • Policymakers did not discuss stimulus at the meeting.

  • ECB will act if needed, but currently believes the adjusted policy path is appropriate.

Uncertainty & External Risks

  • Geopolitical risks, particularly around trade, are major sources of uncertainty.

  • Heightened uncertainty makes it harder to judge inflation and growth dynamics.

  • Lagarde admitted she cannot say if we are at the peak of uncertainty.

Technically, the EURUSD tried to move lower on the cut but after breaking below the 100 hour MA at 1.13495, the low could only reach 1.1337 before rebounding. The current price is at 1.1360. The trading range for the day is 74 pips. The average over the last month is 131 pips.

The sellers had their shot. They missed. It would take a move below the 100 hour MA and stay below. The strength in the EURUSD comes despite a Fed that is happy to wait and see, while the ECB is happy to cut given the risk to growth.

Of course, Pres Trump is now railing on the Fed chair and can’t wait to replace him with someone who is more dovish. Of course, the most important rate might be the 10 year yield and not the shorter term Fed rate. The bond market will do the easing or tightening. The Fed seems to be intent on following the risk to inflation. .

This article was written by Greg Michalowski at www.forexlive.com.

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EBC on Regulation as the Foundation of Market Integrity and Investor Trust

EBC on Regulation as the Foundation of Market Integrity and Investor Trust

April 17, 2025 2:56 pm |

At EBC Financial Group, we believe that robust financial regulation is not just a matter of compliance—it is the cornerstone of a trustworthy, resilient, and thriving marketplace. Nowhere is this more evident than in the United Kingdom, where the Financial Conduct Authority (FCA) sets a global benchmark for regulatory excellence. In our view, the FCA’s approach demonstrates why strong oversight is vital for protecting market integrity and fostering investor confidence.

Safeguarding Market Integrity

Financial markets exist to efficiently allocate capital and risk, but this purpose is only fulfilled when participants have faith in the system’s fairness and transparency. The FCA’s mandate to “protect and enhance the integrity of the UK financial system” is not just a slogan; it is reflected in its day-to-day supervision, authorisation of firms, and oversight of trading practices. By ensuring that client assets are protected, market abuse is swiftly addressed, and firms operate transparently, the FCA helps maintain markets where both investors and institutions can participate with confidence.

Building Investor Trust Through Transparency

Investor trust is hard-won and easily lost. The FCA’s emphasis on transparency and disclosure—requiring firms to submit detailed annual accounts, undergo external audits, and maintain robust internal controls ensures that clients are fully informed and that firms operate with integrity. This transparency is essential for preventing conflicts of interest, market manipulation, and other practices that can erode confidence and cause direct harm to investors.

Setting High Standards for Market Access

One of the defining features of the FCA’s regulatory framework is its high entry barriers. Firms must demonstrate significant financial strength, operational resilience, and a long-term commitment to best practices before gaining authorisation. This rigorous process ensures that only well-capitalised, responsible firms are able to serve UK clients, raising the bar for the entire industry and reducing the risk of systemic failures.

Superior Investor Protection

The FCA’s investor protection schemes, such as the Financial Services Compensation Scheme (FSCS), offer a safety net for clients in the event of firm failure. This not only protects individual investors from direct losses, but also reinforces confidence in the broader financial system. The FCA’s requirements for professional indemnity insurance and segregated client accounts further ensure that clients’ interests are prioritised at all times.

Driving Global Standards

The FCA’s influence extends well beyond the UK. Its “twin peaks” model of separating prudential and conduct regulation has been adopted by regulators worldwide, and its progressive stance on issues like benchmark integrity and market abuse has shaped international best practices. When benchmarks are robust and reliable, and when regulatory oversight is both proactive and transparent, markets are better able to fulfil their purpose and support economic growth.

Conclusion

We see robust regulation as a competitive advantage—not a burden. The FCA’s approach proves that strong oversight is essential for building resilient markets, protecting investors, and maintaining the trust that underpins the entire financial system. As financial markets continue to evolve, we encourage all industry participants to embrace the highest standards of integrity and transparency, ensuring that our markets remain safe, fair, and open to all.

This article was written by FM Contributors at www.financemagnates.com.

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