KEYTAKEAWAYS
- OKX is expanding into the US market with a new trading platform and wallet, while the regulatory environment becomes more favorable under the Trump administration.
- President Trump's crypto ventures continue to grow with a Monopoly-inspired game, even as $TRUMP token faces a major unlock worth $320 million representing 20% of supply.
- Global crypto adoption continues with Value Creation increasing Bitcoin holdings, while only 11% of El Salvador's registered Bitcoin service providers are fully operational.
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. OKX Expands into US Market, Names New CEO
Seychelles-based cryptocurrency exchange OKX announced its entry into the US market with a centralized trading platform and wallet. The company established its regional headquarters in San Jose, California, appointing Roshan Robert as US CEO. The expansion follows a $500 million settlement with the Department of Justice over previous claims of serving US customers without proper licensing. OKX plans a phased rollout with nationwide availability later in 2025, and will migrate users from its affiliate OKCoin to the new platform.
2. SEC Completes Coinbase Financial Review Without Requiring Amendments
The SEC has concluded its two-year review of Coinbase’s financial disclosures for fiscal years 2022 and 2023 without requiring amendments or restatements. Chief Legal Officer Paul Grewal confirmed all relevant comments have been addressed with the SEC’s Division of Corporation Finance. This review began shortly after Coinbase went public in April 2021. The regulatory environment has become more lenient since the Trump administration took office, with the SEC withdrawing several lawsuits against crypto companies and working on new regulatory frameworks.
3. Movement Labs Co-Founder Takes Leave Amid Market Maker Controversy
Movement Labs co-founder Rushi Manche has reportedly taken a temporary leave of absence amid rising controversy, according to Blockworks. The Movement Network Foundation is launching a third-party investigation into “market maker abnormalities,” potentially related to issues raised by Binance last month. Binance identified a market maker who allegedly dumped 66 million MOVE tokens shortly after launch while placing minimal buy orders, behavior inconsistent with proper market-making practices. Despite this controversy, Manche has remained active on social media regarding Movement’s business development deals.
4. Trump to Launch Monopoly-Inspired Crypto Game
President Donald Trump is preparing to launch a Trump-branded crypto game with a Monopoly-like feel, according to sources familiar with the project. Longtime Trump associate Bill Zanker, who helped launch the President’s memecoin and NFTs, is behind the venture, with a planned late April release. This adds to a growing list of crypto ventures connected to Trump and his family, including NFT collections, a memecoin, World Liberty Financial, a stablecoin, and a Bitcoin mining operation involving Trump’s sons. Despite these business moves raising conflict-of-interest claims, Eric Trump has defended the family’s crypto ventures as a genuine belief in the technology.
5. Tokyo-Listed Value Creation to Increase Bitcoin Holdings by $700,000
Tokyo Stock Exchange-listed company Value Creation announced plans to increase its Bitcoin holdings by 100 million yen (approximately $700,000) over the next four months. This will bring its total Bitcoin holdings to 300 million yen (approximately $2.1 million), with funding coming from the company’s future investment reserve funds.
NOON NEWS
1. Solayer Launches Emerald Card for DeFi-to-Real World Payments
Solayer has introduced a new suite of financial tools centered around the Emerald Card, a digital-first debit card bridging decentralized finance with real-world payments. The ecosystem includes synthetic assets sUSD and sSOL, along with a high-performance virtual machine called infiniSVM. The Emerald Card allows users to deposit USDC and access various services including currency conversion, on/off-ramps, ATM withdrawals, and integration with Apple Pay and Google Pay. Deposited funds can earn yield through sUSD, which is linked to a 4% synthetic T-bill rate.
2. GMGN Launches Real-Time Meme Tweet Preview and Liquidity Monitoring
GMGN has rolled out real-time Meme tweet preview and live liquidity pool monitoring features to help users make better trading decisions.
3. MELANIA Project Team Sells 20.5M Tokens Worth $14.06M
The MELANIA project team has sold 20.5 million tokens over the course of a month, cashing out approximately $14.06 million.
4. Binance Adjusts Tick Size for USDⓈ-M Perpetual Futures Contracts
Binance announced adjustments to the tick size (minimum price change unit) for several USDⓈ-M Perpetual Futures Contracts effective April 17, 2025, at 06:00 UTC. The change aims to increase market liquidity and improve trading experience. The adjustment will not impact existing orders or USDⓈ-M Futures trading operations, and API users can access updated tick size information through the platform’s API endpoints.
5. Only 11% of El Salvador’s Bitcoin Service Providers Fully Operational
Only 20 out of 181 Bitcoin service providers registered with El Salvador’s central bank are operational, with the remaining 89% failing to meet requirements under the country’s Bitcoin Law. Non-operational providers have failed to implement stringent supervision systems, maintain proper AML programs, or develop adequate cybersecurity protections. This comes as El Salvador recently signed a $1.4 billion IMF loan agreement requiring some rollback of Bitcoin initiatives, though President Bukele maintains the government will continue purchasing Bitcoin despite IMF’s request to stop public sector Bitcoin buys.
EVENING NEWS
1. Mantra CEO Hints at Expanded Token Burn to Revive Value
John Mullin, CEO of Mantra (OM), has announced plans for a comprehensive token burn program to cause deflation and revive the token’s value after its 90% collapse. Mullin clarified he is ready to burn his own portion of the team’s token allocation, while other core contributors, who collectively hold 16.6% of the supply, will retain their tokens initially. The burn aims to rebuild confidence following a market crash where OM fell to $0.77, though trading volumes have since picked up to $1.7 billion in 24 hours, suggesting some returning investor confidence.
2. Major $TRUMP Token Unlock Set to Release $320 Million Supply
Forty million $TRUMP tokens worth approximately $320 million are scheduled to unlock on Thursday, according to vesting analytics platform Tokenomist. This unlock, allocated to Trump Organization affiliate CIC Digital LLC, represents 20% of the current circulating supply and over 75% of the token’s 24-hour trading volume. Currently trading at $7.93, $TRUMP has experienced an 84% price drop over the past three months. On-chain data shows the number of $TRUMP holders has decreased 22% since January, dropping from nearly 820,000 to 635,565. The token is scheduled for staggered unlocks until it reaches its full 1 billion supply by January 2028.
3. China Tells US to “Stop Whining” Amid Trade War Escalation
Chinese state media told the US to “stop whining” about being a victim after “taking a free ride on the globalisation train,” as Beijing reported better-than-expected 5.4% economic growth in Q1. The Chinese Communist Party has refused to yield to Trump’s demands to renegotiate trade terms, and recently replaced its international trade negotiator. Meanwhile, both sides continue to escalate tensions beyond tariffs, with China reportedly ordering its airlines to pause purchases from American companies including Boeing, and Hong Kong’s postal service announcing it would stop accepting US-bound packages due to “bullying acts.”
4. BNB Chain Burns $916 Million Worth of Tokens in Quarterly Program
BNB Chain has burned 1.579 million BNB tokens worth $916 million in its 31st quarterly burn program. This strategic reduction aims to control inflation and reduce the total supply to 100 million tokens over time. The current BNB supply stands at 139.31 million, with 40.88 million still remaining to be burned. Despite the significant burn, BNB’s price remained relatively unchanged, trading near $578 with a market cap of $81.44 billion. The long-term benefits of such burning programs typically help control token inflation and streamline ecosystem growth rather than causing immediate price spikes.
5. Strategy’s Market Cap Rises to $83 Billion, Surpassing BNB
According to BlockBeats, data from 8marketcap indicates that Strategy’s market capitalization has increased 4.67% over the past week to reach $83 billion. This growth has allowed Strategy to overtake BNB, which has a market cap of $82.71 billion, placing Strategy at the 246th position in global asset market capitalization rankings.
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