๐น๐ญ Thailand Bans Foreign P2P Crypto Services
New rules prohibit unlicensed foreign crypto platforms from offering P2P services in Thailand.
Fines up to $8.7K and 3 years in jail await those using โmule accounts.โ
Authorities will also hold banks, telecoms, and social platforms accountable if they donโt act.
At the same time, Thailand is piloting crypto payments in Phuket and officially allows USDT use.
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New rules prohibit unlicensed foreign crypto platforms from offering P2P services in Thailand.
Fines up to $8.7K and 3 years in jail await those using โmule accounts.โ
Authorities will also hold banks, telecoms, and social platforms accountable if they donโt act.
At the same time, Thailand is piloting crypto payments in Phuket and officially allows USDT use.
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Wunder.Social has secured $50 million in funding from Rollman Management to build a blockchain-based social network focused on user verification and ad revenue sharing. Former TikTok marketing director Ryan Martin joins as CMO ahead of the token launch later this month.
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Silk Road founder Ross Ulbricht will make his first public appearance at the upcoming Bitcoin Conference in Las Vegas. Pardoned by President Trump in January, Ulbricht plans to deliver a speech reflecting on his case and Bitcoinโs early days. His presence is expected to draw massive attention ahead of the late May event.
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TRON has racked up over $900 million in fees in just four months, signaling soaring demand. Fueled by a $396M stablecoin inflow and dominating exchange transfers, TRON now hosts $67.27B in stablecoin value and boasts 2.5M active walletsโsecond only to Solana.
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Cardano founder Charles Hoskinson predicts Bitcoin could soar to $250,000 by late 2025, arguing that crypto will thrive as trade wars dismantle legacy banking. He sees tariffs as ineffective in the long term and expects a flood of capital into crypto once markets stabilize.
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The US dollar slid to its weakest level in over ten years, triggering a flight to gold and foreign currencies. Wall Street reversed its relief rally: S&P 500 dropped 3.5%, Nasdaq 4.3%, and the Dow lost 1,000 points. Trump's surprise 90-day tariff pause briefly lifted sentiment, but bond yields surged and recession fears deepened.
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DeFi protocol Morpho Blue suffered a $2.6M loss after a front-end vulnerability was exploited by arbitrageur c0ffeebabe.eth. Funds were redirected to a secure wallet, with the team confirming a swift fix and reinforcing security measures. The community remains on alert.
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President Trump has signed the first U.S. crypto law, overturning the IRSโs DeFi broker rule. The bipartisan repeal is hailed as a major win for the industry and a shift toward more pro-innovation regulation.
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Vitalik Buterin has unveiled a plan to make Ethereum more private without overhauling the protocol. His roadmap includes wallet-level tools like Railgun, address rotation, private transfers, and mixnetsโaiming to shield user activity across apps.
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EVM-compatible blockchain Monad has surpassed 150 million testnet addresses, adding over 5.5M in a day. Backed by a $225M Paradigm-led raise, the project focuses on scalability, with tech upgrades like parallel execution driving massive adoption.
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Sam Bankman-Fried, former FTX CEO, has been moved to a high-security prison near Victorville, Californiaโconsidered one of the most violent in the state. Experts describe it as harsh, racially segregated, and dominated by prison gang politics.
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BlackRockโs crypto ETFs pulled in $3.35B in Q1 2025โdown 83% from Q4 but still outperforming peers amid recession fears and tariff volatility. Despite the drop, they accounted for most positive flows in the sector, while crypto remains under 0.5% of BlackRockโs $11.6T AUM.
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SEC Sides with McDonaldโs in Rejecting Shareholder Bitcoin Treasury Proposal
The SEC has allowed McDonaldโs to dismiss a proposal by conservative shareholders urging the company to add Bitcoin to its treasury. The fast-food giant argued the matter falls under โordinary business operations,โ and the SEC agreed, stating it wonโt pursue enforcement if the topic is excluded from Mayโs shareholder meeting.
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The SEC has allowed McDonaldโs to dismiss a proposal by conservative shareholders urging the company to add Bitcoin to its treasury. The fast-food giant argued the matter falls under โordinary business operations,โ and the SEC agreed, stating it wonโt pursue enforcement if the topic is excluded from Mayโs shareholder meeting.
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Fartcoin surged nearly 99% in a week and 30% in a day, decoupling from the broader altcoin market after Trumpโs tariff pause. Now the third-largest Solana meme token with a $900M FDV, FARTCOINโs rally has been fueled by AI-driven hype and high liquidity โ proving once again that, in crypto, hot air really does rise.
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WSJ reported that CZ agreed to cooperate with the DOJ against TRON founder Justin Sun as part of his plea deal. Sun dismissed it, calling CZ a โmentor and friend,โ and reaffirmed trust in both CZ and U.S. authorities. He accused critics of trying to divide the crypto space. Meanwhile, Binance is lobbying the U.S. Treasury to remove its federal monitor and eyeing a stablecoin deal tied to Trumpโs WLFI.
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World Liberty Fi โ tied to Trumpโs family โ purchased $775K worth of SEI using USDC, sparking a 7.8% price surge in 24h. The Layer 1 token, down 75% YoY, saw renewed attention as the move signals potential strategic crypto alignment by Trump-affiliated entities.
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Despite ongoing uncertainty from Trumpโs tariff war, whales accumulated key altcoins in the second week of April. DOGE led with 1.41B tokens ($220M) bought, pushing whale holdings to their highest since December. Whales also picked up 2.63M WLD ($1.94M) and 19.41M ONDO ($17M), signaling renewed interest in meme coins, AI-linked assets, and RWA tokens.
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Ripple is reportedly proposing to pay its reduced $50 million SEC penalty using XRP tokens, according to CEO Brad Garlinghouse. The move, revealed during FOX Business talks, comes as both parties reach a preliminary settlement after years of legal battles. If approved by SEC commissioners, this could signal a historic shift in regulatory stance toward digital assetsโfurther boosting XRPโs growing institutional momentum amid its 300% rally post-Trump victory.
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A deep dive into all tokens listed on Binance in 2025 reveals a sobering stat: even under perfect conditions (buying on Day 1, selling the top), the chance of making a profit is just 37%.
Key reasons for the poor performance:
โข Binance likely charges hefty listing fees, pressuring teams to deliver hype over substance.
โข For many projects, the entire narrative is built around โgetting listedโ, not long-term value.
โข The listing itself becomes the final pump, often followed by a prolonged downtrend.
The days of easy listing flips may be over.
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