Mark Uyeda, acting chair of the United States Securities and Exchange Commission, has hinted that the regulator could consider a regulatory ‘sandbox’ for crypto firms looking to offer trading of tokenized securities. Uyeda made the comments in an opening speech…

Acting SEC chair Mark Uyeda eyes regulatory ‘sandbox’ for crypto firms

Solana&#8217;s dApp ecosystem earned more than all other chains combined in the last 
12 months, with a revenue of $2.8 billion.

Solana dApps generated more revenue than dApps on all other chains combined

Canary&#8217;s ETF filing could accelerate mainstream crypto adoption by simplifying 
access to TRX investments and staking rewards.
The post Canary files for TRON spot ETF with staking feature appeared first on 
Crypto Briefing.

Canary files for TRON spot ETF with staking feature

The US Federal Reserve under Jerome Powell has developed a reputation for 
dragging its feet on implementing important policy changes. However, a top 
central banker has assured that the Fed is &#8220;absolutely&#8221; ready to do whatever 
it takes to avoid a financial crisis, whether triggered by the US-led trade 
war or other adverse developments.
Although the long-awaited &#8220;Fed pivot&#8221; could still be months away, policymakers 
appear poised to gradually ease financial conditions, beginning last month 
when they reduced the redemption cap on Treasurys by 80%.
Fed policy exerts a gravitational pull on global markets through US dollar 
liquidity, which has a direct impact on Bitcoin (BTC) and the broader 
cryptocurrency markets. In fact, the Fed&#8217;s impact on crypto has only grown 
since the COVID-19 pandemic. Since then, Bitcoin has been highly correlated 
with liquidity &#8212; a fact that was reinforced by a 2024 academic paper by 
Kingston University of London.
This week&#8217;s Crypto Biz newsletter highlights remarks from a senior central 
bank official and covers major developments in the Ethereum exchange-traded 
fund (ETF) market and the Bitcoin mining sector.
## Fed&#8217;s Collins: Central bank will respond to liquidity constraints
Boston Fed President Susan Collins said the central bank &#8220;would absolutely be 
prepared&#8221; to backstop markets if economic and financial conditions 
deteriorated rapidly.
Collins was specifically referring to potential liquidity issues or other 
disruptions that could hinder normal market functioning.
Currently, however, Collins noted that the central bank is &#8220;not seeing 
liquidity concerns.&#8221; Should that outlook shift, she emphasized that the Fed 
has &#8220;tools to address concerns about markets functioning or liquidity.&#8221;
Collins is a voting member of this year&#8217;s Federal Open Market Committee 
(FOMC), which is responsible for setting interest rates.
Investors expect the FOMC to refrain from cutting interest rates at its 
forthcoming meeting in May, based on Fed Fund Futures prices. However, the 
likelihood of a June rate cut has risen to 67.5%.
_Fed &#8216;s Collins pictured in an interview with Bloomberg. Source: __Bloomberg 
Television_
## US regulators approve options on spot ETH ETFs
The US Securities and Exchange Commission has green-lighted options trading 
for several spot Ether (ETH) exchange-traded funds, an important milestone in 
ETH&#8217;s quest to attract more institutional capital.
According to an April 9 announcement, the approvals were granted to 
BlackRock&#8217;s iShares Ethereum Trust, Bitwise&#8217;s Ethereum ETF (ETHW), Fidelity&#8217;s 
Ethereum Fund (FETH), and Grayscale&#8217;s Ethereum Trust (ETHE) and Ethereum Mini 
Trust (ETH).
Options give ETF investors the ability to hedge against a decline in assets, 
potentially making the funds more attractive to investors.
The options trading approval is also seen as an important step in the SEC&#8217;s 
deliberations around staking services on ETH ETFs. According to Bloomberg 
analyst James Seyffart, the SEC may be on track to approve staking as early as 
May.
_Source:__James Seyffart_
## Solana staking ETFs come to Canada
As the US SEC continues to deliberate about crypto staking services, Canadian 
regulators have approved another suite of crypto staking ETFs, this time for 
Solana (SOL).
This week, asset managers 3iQ, Purpose, Evolve, and CI received approvals from 
the Ontario Securities Commission to offer staked Solana ETFs. The 3iQ fund 
selected blockchain infrastructure provider Figment as its primary staking 
provider.
According to 3iQ&#8217;s website, its Solana Staking ETF will offer yields of 
between 6% and 8%.
The Toronto-based 3iQ launched a spot Bitcoin (BTC) ETF in 2021, some three 
years before similar funds were approved in the United States.
## Bitdeer reportedly pivots to self-mining as trade war rattles supply chain
Bitcoin mining company Bitdeer is expanding its self-mining capacity and 
pouring more resources into the United States amid fears that the US-led trade 
war will rattle global supply chains and upend its hardware business.
According to an April 15 report by Bloomberg, Bitdeer is prioritizing BTC 
mining due to declining demand for its mining rigs.
As the broader industry grapples with the potential impact of tariffs, &#8220;Our 
plan going forward is to prioritize our own self-mining,&#8221; Bitdeer executive 
Jeff LaBerge told Bloomberg.
On the topic of US expansion, LaBerge said, &#8220;This is something we&#8217;ve been 
planning for a long time.&#8221;
US President Donald Trump&#8217;s sons, Eric and Don Jr, are going all-in on Bitcoin 
mining after backing a new venture with Hut 8. This follows a renewed 
commitment by the Trump administration to promote &#8220;made in America&#8221; Bitcoin.
_Crypto Biz is your weekly pulse on the business behind blockchain and crypto, 
delivered directly to your inbox every Thursday._

Crypto Biz: Is the US Fed prepping the money printer?

On April 7, the CBOE Volatility Index (VIX) posted a rare spike to 60, a level 
seen as a barometer of extreme market fear and uncertainty. According to Dan 
Tapiero, CEO of 10Tfund, the VIX has hit 60 only five times in the last 35 
years, and data suggests a rebound for risk assets such as Bitcoin (BTC) in 6 
to 12 months. _CBOE Volatility Index. Source: Cointelegraph/TradingView_
The VIX, which is widely considered a &#8220;fear gauge,&#8221; reflects investor 
expectations of market turbulence based on S&amp;P 500 options trading. As 
illustrated in the chart, extreme spikes were seen in 2008 and 2020, typically 
coinciding with market bottoms, where panic-driven sellers paved the way for 
generational market entries.
In light of that, Tapiero argued that the current spike is no different, with 
the worst of market fears likely &#8220;priced in,&#8221; setting the stage for a positive 
future. Tapiero said that &#8220;odds favor better future.&#8221;
Likewise, Julien Bittel, head of macro research at Global Macro Investor 
(GMI), supported Tapiero&#8217;s claim and said that tech stocks are at their most 
oversold since the COVID-19 crash, with over 55% of Nasdaq 100 stocks posting 
a 14-day RSI below 30. Such a market signal has occurred only during major 
crises like the 2008 Lehman Brothers collapse and the 2020 COVID-19 pandemic.
_American Association of Individual Investors survey. Source: X.com_
Bittel explained that after the VIX touched 60 last week, it implied peak 
uncertainty, which breeds fear in investors&#8217; minds. Briefly touching on the US 
Investors Intelligence Survey, Bittel compared the current bullish sentiment 
of 23.6% to the lowest reading since December 2008.
Additionally, the American Association of Individual Investors (AAII) survey 
respondents are currently 62% bearish, reflecting the highest bearish reading 
since March 2009. Bittel said,
&gt; &#8220;In other words, we&#8217;re back at the same levels of fear that marked the 
&gt; bottom of the equity market after the Global Financial Crisis.&#8221;
This widespread fear, alongside a rare VIX spike, sets up for market entries 
in assets like Bitcoin, as the recovery of market liquidity will inevitably 
flow back into risk-on assets.
_**Related: Saylor, ETF investors &#8216; &#8216;stronger hands&#8217; help stabilize Bitcoin &#8212; 
Analyst**_
## Analyst warns Bitcoin VIX trends are bearish
While macroeconomic experts highlighted the possibility of a bullish outcome 
for risk assets, markets analyst Tony Severino suggested that the Bitcoin/VIX 
ratio might also lead to a bear market. In a recent X post, Severino predicted 
that Bitcoin could have already peaked this cycle, but remained open about a 
possible change in opinion by the end of April.
_Bitcoin VIX analysis by Tony Severino. Source: X.com_
As illustrated in the chart, Severino noted a sell signal at the beginning of 
January. The analyst used the Elliott Wave theory model to pinpoint the 
current bearish conditions and said that it is still early to say that Bitcoin 
will turn bullish based on the VIX correlation.
_**Related: Bitcoin price volatility &#8216;imminent&#8217; as speculators move 170K BTC 
&#8212; CryptoQuant**_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Rare market volatility signal points to higher Bitcoin price in 6 to 12 months — Dan Tapiero

XRP price has just recorded one of its most dramatic drops in recent memory, 
falling to $1.64, marking a level unseen since November 2024. The 22% plunge 
from $2.10 follows a wider crypto market meltdown, with Bitcoin (BTC) sinking 
to…