KEYTAKEAWAYS
- The SEC has postponed its decision on Grayscale's Ethereum ETF staking proposal until July 2025, while Canada is set to launch the world's first spot Solana ETFs.
- Circle's euro-backed stablecoin EURC supply has grown 43% in a month amid U.S. trade tensions and dollar weakness, showing increased demand for euro-denominated digital assets.
- Eric Trump will attend TOKEN2049 Dubai as crypto adoption continues to grow globally, with El Salvador adding to its Bitcoin reserves and Solana increasing block size.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. SEC Delays Decision on Grayscale Ethereum Staking
The SEC has postponed its decision on Grayscale’s proposal to add staking features to its Ethereum ETFs until July 2025. Originally expected by April 17, the delay allows regulators more time to evaluate this unprecedented feature in U.S. ETFs. Grayscale’s plan would enable the fund to earn passive rewards while maintaining separation between investor funds and staking operations, with Coinbase Custody continuing to hold the ETH assets.
2. Anchorage Digital Bank Under Homeland Security Investigation
The first federally chartered crypto bank in the U.S., Anchorage Digital Bank, is being investigated by the Department of Homeland Security’s El Dorado Task Force, which specializes in financial crimes. The investigation involves contacting former employees and requesting company records. In February 2025, CEO Nathan McCauley testified before the Senate Banking Committee about the challenges of “debanking” in the crypto industry, noting that Anchorage had been rejected by over 40 banks despite its federal charter and regulatory compliance.
3. Canada Set to Launch World’s First Spot Solana ETFs
Canada is launching several spot Solana ETFs on April 16, according to TD Bank documents shared by Bloomberg analyst Eric Balchunas. The Ontario Securities Commission has approved these “world’s first” Solana ETFs from Purpose, Evolve, CI, and 3iQ. These funds will offer staking features that may provide higher yields than Ethereum staking. Meanwhile, major U.S. asset managers including Grayscale, Bitwise, and VanEck are racing to file their own Solana ETF applications.
4. Circle’s Euro Stablecoin EURC Reaches Record Supply
Circle’s euro-backed stablecoin EURC has surged 43% in the past month to 217 million tokens worth $246 million. The growth is likely driven by U.S. trade tensions and a weakening dollar, leading investors to seek euro-denominated digital assets. Most EURC tokens circulate on Ethereum (up 35% to 112 million), with Solana seeing the fastest expansion (up 75% to 70 million). While EURC is the largest euro stablecoin, it remains far behind dollar stablecoins like USDC ($58 billion) and USDT ($143 billion), which make up 99% of the stablecoin market.
5. South Korea Blocks 14 Crypto Exchange Apps on Apple Store
South Korean regulators have requested Apple block 14 apps belonging to unregistered foreign crypto exchanges, including KuCoin and MEXC. The apps have been inaccessible since April 11, following similar restrictions on Google Play in March. Operating without proper registration in South Korea is a criminal offense with penalties of up to five years in prison and fines of up to 50 million won ($35,200). This crackdown comes as crypto adoption in South Korea reaches 30% of the population, with user numbers expected to exceed 20 million by the end of 2025.
NOON NEWS
1. Terra Liquidation Trust Sets Claim Deadline for May 16
Terra officials announced that the deadline for submitting crypto loss claims to the Terraform Labs Pte. Ltd. liquidation trust fund is May 16, 2025, at 23:59 ET. Creditors must submit eligible cryptocurrency loss claims before this date, as late submissions will not be accepted.
2. Australia’s Monochrome Bitcoin ETF Holds 330 BTC
According to ChainCatcher, Australia’s Monochrome spot Bitcoin ETF (IBTC) held 330 BTC as of April 14, with a market value of approximately $44.1 million.
3. Solana Increases Block Size by 4%
Solana engineers have implemented SIMD-0207, increasing the blockchain’s block size by 4%. This upgrade allows more data to be packed into blocks, enhancing transaction throughput by raising the block limit to 50 million CUs. This is just one step in Solana’s scalability roadmap, with future proposals like SIMD-0256 aiming to further increase the block limit to 60 million CUs.
4. Eric Trump to Attend TOKEN2049 Dubai Conference
Eric Trump, son of President Donald Trump, will attend the TOKEN2049 Dubai conference, a major event in the cryptocurrency and blockchain industry. His presence is expected to attract significant attention given his family’s influence in U.S. politics and business. The conference features panel discussions, keynote speeches, and networking opportunities focused on blockchain technology, regulatory environments, and digital asset innovation.
5. El Salvador Adds 8 BTC to Its Holdings
According to the El Salvador Ministry of Finance, the country has added 8 bitcoins in the past week, bringing its total holdings to 6,147.18 BTC valued at $521 million. Over the past 30 days, El Salvador has accumulated 31 bitcoins.
EVENING NEWS
1. Binance and KuCoin Face Technical Issues Due to AWS Outage
Cryptocurrency exchanges Binance and KuCoin reported temporary service interruptions due to issues with Amazon Web Services. Binance temporarily paused withdrawals to mitigate risk during the outage, noting that some trading orders were failing while others were still being executed. Both exchanges assured users that their assets remained secure and that technical teams were working with AWS to resolve the problems.
2. Matrixport Reports Continued Stablecoin Inflows Despite Market Uncertainty
Matrixport’s analysis indicates that stablecoin funds are steadily flowing into the crypto ecosystem despite slowed growth rates. The continuous inflow amid uncertainty in traditional stock and bond markets suggests crypto assets are evolving into a more uncorrelated asset class. The firm remains cautiously optimistic about market outlook, particularly as debates over tariffs and trade wars make crypto applications increasingly attractive.
3. Binance and Bitget to Delist VIDT Trading Pairs
Binance and Bitget are removing trading pairs involving VIDT due to market quality and liquidity concerns. Binance will end VIDT/BTC spot trading on April 15, while Bitget will delist VIDTUSDT from futures trading on April 16. Users with open positions must close them before the deadlines to avoid automatic closures. Both exchanges describe these actions as routine maintenance and asset evaluations. Meanwhile, Binance has launched KernelDAO (KERNEL) as its fourth project on the Megadrop platform.
4. ERC-7786 Proposes Unified Cross-Chain Messaging for Ethereum
Ethereum Foundation member joshrudolf.eth stated that cross-chain messaging is a core component needed to solve 95% of Ethereum’s cross-chain user experience issues. ERC-7786 proposes to integrate messaging standards through a unified API, providing a secure cross-chain messaging interface for decentralized applications. Discussion on this proposal is scheduled for April 16.
5. US “Working Very Hard” on UK Trade Deal Amid Global Tariff Tensions
U.S. Vice President JD Vance stated that the administration is actively working with the UK government on a “great” trade deal. This comes after President Trump imposed sweeping tariffs on imports several weeks ago, later reducing rates for most countries to 10% and exempting electronics. Vance noted the “cultural affinity” between the nations gives Britain an advantageous position compared to other European countries. UK Business Minister Sarah Jones welcomed the comments but declined to provide details on negotiations progress.
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