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🌙 Bitcoin Chops Around $64K While the Yen Tumbles

The yen's volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview.

Author

Mike Gavela
April 26, 2024

Crypto Roundup - Apr 26

Amidst fluctuating global currencies highlighted by the Japanese yen's downturn, Bitcoin's price has shown considerable volatility around the $64,000 level, highlighting potential instabilities in the broader currency market that might affect financial systems and crypto investments. Meanwhile, in a significant legal challenge, Consensys has initiated a lawsuit against the SEC aiming to prevent the regulatory body from potentially overreaching in its jurisdiction over Ethereum, which could negatively impact services like MetaMask. This marks a crucial moment in the ongoing discussions around cryptocurrency regulation. In another strategic development, the Biden administration has engaged a team of tech experts to form an AI defense board under Homeland Security, illustrating the government's dedication to integrating advanced technology in national security strategies.

Top Stories:

  • Bitcoin Responds to Currency Fluctuations: Bitcoin's market response to the Japanese yen's decline emphasizes the interconnectedness of global currencies and cryptocurrencies.

  • Consensys vs. SEC: This lawsuit is pivotal for Ethereum's future, challenging the current regulatory landscape that governs digital currencies.

  • AI Steps into National Defense: The U.S. government's move to include AI in defense strategies points to a future where technology plays a central role in security measures.

TOP STORIES

Bitcoin Chops Around $64K, With Japanese Yen's Tumble Maybe Signaling 'Currency Turmoil,' Analyst Says

The yen's volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview.

www.coindesk.com/markets/2024/04/26/bitcoin-chops-around-64k-with-japanese-yens-tumble-maybe-signaling-currency-turmoil-analyst-says

Consensys sues to stop SEC from ‘seizing control of Ethereum’ and damaging MetaMask

Consensys has joined the anti-SEC posse with a lawsuit filed against the agency.

www.dlnews.com/articles/regulation/consensys-sues-sec-to-block-action-on-ethereum-and-metamask

Biden’s Homeland Security team taps tech elite for AI defense board

The U.S. Department of Homeland Security created a new artificial intelligence advisory board composed of a number of Big Tech CEOs, academics, and civil rights leaders.

cointelegraph.com/news/biden-homeland-security-team-taps-tech-elite-artificial-intelligence-ai-defense-board

FUNDRAISES

OTHER HEADLINES

‘Lost’ Yuga Labs restructures again, with layoffs, new executive

NFT and Web3 gaming developer Yuga Labs has announced a new restructuring and round of layoffs.

cointelegraph.com/news/yuga-labs-restructures-layoffs-new-exec

John Deaton files amicus brief in support of Coinbase appeal against SEC

Amid his campaign to unseat Senator Elizabeth Warren, lawyer John Deaton filed an amicus brief in federal court on behalf of Coinbase users.

cointelegraph.com/news/john-deaton-brief-coinbase-sec-appeal

What was behind the run on Renzo’s liquid restaked ETH?

Liquid staking protocol Renzo experienced explosive growth in 2024, rocketing to a peak of just over 1 million ether in deposits worth about $3.3 billion.

blockworks.co/news/renzo-liquid-staked-eth

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