The U.S. Federal Reserve has pulled back on rules that previously made it harder for banks to work with cryptocurrencies and stablecoins. In a press release published by the agency on Apr. 24, the Federal Reserve said it will no…

Federal Reserve withdraws restrictive crypto guidance for banks

After the news of Cantor Fitzgerald’s partnership with SoftBank and Tether, 
the shares of Cantor Equity Partners (CEP) saw a steep 134% increase. Cantor, 
the legacy investment firm, is now foraying into Bitcoin by establishing a new 
venture called Twenty One Capital, which is expected to raise around $3B worth 
of $BTC from its partners. This includes $1.5M from Tether, $900M from 
SoftBank, and $600M from Bitfinex. These figures were quoted at a valuation of 
$85K per $BTC, but the token has climbed since then, putting the total 
valuation at around $3.9B. It&#8217;s worth noting that CEP is just a blank check 
company that will oversee and help the formation of Twenty One Capital, which 
will be a publicly traded entity. Another Bitcoin fund is surely positive news 
for the OG crypto. Keep reading to find out its exact implications and which 
new crypto you can buy right now to benefit from a forthcoming $BTC push. 
Cantor’s Crypto Interests CEP is owned by Brandon Lutnick, son of Howard 
Lutnick, who had stepped down from the company to serve as the US Secretary of 
Commerce. As per a recent announcement, Jack Mallers would be the CEO of 
Twenty One Capital. The investment vehicle is expected to raise $385M in 
convertible seniors and another $200M through private investment in equity. 
Cantor Fitzgerald credits this fast-paced love affair with $BTC to the pro- 
crypto Trump administration, which has brought in various favorable 
regulations in its bid to make crypto mainstream in the country. Switzerland 
Pushes for a Bitcoin Reserve Ever since Donald Trump announced the formation 
of a US Bitcoin reserve, there has been a race among other countries to follow 
suit. Switzerland is the latest one to join the transition. A group of crypto 
experts in Switzerland have been campaigning for the Swiss National Bank (SNB) 
to acquire Bitcoin in order to diversify its foreign reserves. Currently, 
around 75% of the SNB’s foreign reserves are held in the form of euros and US 
dollars, which makes it very susceptible to global political conditions. 
However, allocating just 1%-2% of the $1 trillion reserve can protect the 
country against monetary debasement. Lucius Meisser, a prominent member of the 
campaign, is expected to speak at SNB’s AGM this week. The SNB has so far 
remained skeptical about crypto, citing high volatility and technical 
vulnerabilities. If Switzerland&#8217;s proposal goes through, it would be the 
world’s first constitutional reform that would mandate a country&#8217;s central 
bank to maintain a Bitcoin reserve. With investors and governments 
aggressively pushing for a more crypto-friendly ecosystem, now&#8217;s the best time 
to join the crypto bandwagon. If you&#8217;re looking for opportunities, here are 
some of the best cryptos to buy now. 1. BTC Bull Token ($BTCBULL) – Best New 
Crypto to Rise Alongside Bitcoin If you want to cash in on Bitcoin&#8217;s potential 
rally, there&#8217;s no better crypto to invest in than BTC Bull Token ($BTCBULL). 
While other altcoins secretly wish for Bitcoin&#8217;s good health, this bull is 
well and truly Bitcoin&#8217;s biggest supporter. It&#8217;s, in fact, the ONLY crypto to 
offer free $BTC airdrops to its token holders. As a proud prince, it&#8217;s waiting 
for the king cryptocurrency to reach new milestones ($150K, $200K, and $250K), 
which is when it&#8217;ll reward $BTCBULL holders with free $BTC. Just note that you 
must hold your $BTCBULL tokens in Best Wallet to be eligible for these 
airdrops. It&#8217;s also worth mentioning that BTC Bull Token will follow a 
deflationary model. This is a common approach among the best meme coins. It 
involves shaving off a part of the total token supply to create artificial 
scarcity and boost the crypto&#8217;s demand. On taking $BTCBULL&#8217;s one-of-a-kind 
approach to supporting Bitcoin into account, we concluded that it could reach 
$0.0096 by the end of 2026. So, if you buy it now (for just $0.00248), you 
could take home a nearly 400% ROI. Here&#8217;s how to buy BTC Bull Token. 2. Solaxy 
($SOLX) – Best Utility-Based New Crypto Right Now Solaxy ($SOLX) might not be 
directly tied to Bitcoin&#8217;s success, but it is to Solana&#8217;s, which, as the #1 
launchpad for meme coins, relies on Bitcoin to drive the large crypto market 
to new heights. However, for Solana to usher in a new era for meme coins, 
it&#8217;ll need Solaxy&#8217;s support. That&#8217;s because Solana is currently struggling 
with network congestion, failed transactions, and limited scalability. Solaxy, 
however, is the first-ever Layer 2 solution on Solana. And as such, it will 
reduce the burden on its mainnet by offloading a lot of transactions onto a 
side chain. Plus, even though Solana is already one of the most affordable 
blockchains, it will further benefit from Solaxy&#8217;s batch-processing approach. 
Since transactions will be processed in a bunch – and not individually – it 
will reduce transaction fees. With over $31.5M in early investor funding, 
Solaxy is well on its way to becoming the next crypto to explode. Don&#8217;t miss 
out on this one-of-a-kind opportunity and buy $SOLX now for just $0.001704. 
For more information, here&#8217;s our guide on how to buy Solaxy. 3 . Zerebro 
($ZEREBRO) – Hot New Crypto Dominating the Top Gainers List Bitcoin only just 
turned bullish again, and we&#8217;re already seeing community-backed meme coins 
record triple-digit gains. Zerebro ($ZEREBRO) is a great example of this. It&#8217;s 
an autonomous AI system that has been built to create and distribute content 
across popular social media platforms, like X, Telegram, and Instagram. Sounds 
a bit like MIND of Pepe, doesn&#8217;t it? Zerebro, however, is based on 
hyperstition, meaning its stories blend elements of both reality and fiction. 
It wants to capture the attention of its audiences with never-seen-before 
content. So, the popularity it gains from there is ultimately what will drive 
the price of its native token. At the time of writing, $ZEREBRO is up over 
265% in just the last seven days, which is proof that people are on board with 
its unique prospect. Seeing as the project is still in its infancy and there&#8217;s 
a lot of room for growth, the token&#8217;s current price of $0.07434 makes it one 
of the best cheap cryptos to buy now. How Much Can $BTC Ultimately Affect the 
Best New Crypto? The best altcoins could surely have more adrenaline running 
through their veins once they see Bitcoin climbing higher. However, although 
you could reasonably expect the larger altcoin market to benefit from $BTC, 
it&#8217;s really difficult to handpick specific tokens that will rally the most. On 
that note, we urge our readers to do their own research before investing. 
Kindly bear in mind that our articles are not financial advice.

New Crypto to Follow Bitcoin as 21Capital Establishes $3.9B $BTC Treasury, Swiss Central Bank Weighs $BTC National Reserve

As the Russian government is considering a ban on cash-to-cryptocurrency 
transactions, some major local crypto exchange platforms have encountered 
police raids.
Mosca, a crypto-to-cash exchange located in the Moscow International Business 
Center, was raided on April 23 in connection with fraud by one of its 
customers, Dmitry Titarenko, Mosca&#8217;s development head, confirmed to 
Cointelegraph.
&#8220;Law enforcement agencies have carried out a standard procedure of checking 
our customer data,&#8221; Titarenko told Cointelegraph at the local crypto event 
Blockchain Forum 2025.
Mosca&#8217;s office raid followed online reports linking several arrests of some 
Mosca customers with an alleged crypto robbery involving a victim reportedly 
giving fraudsters a massive cash deposit worth millions of dollars.
## Cash-to-crypto ban to protect investors?
Mosca&#8217;s confirmed police raid came the next day after Evgeny Masharov, a 
member of the Russian Civic Chamber, proposed banning crypto exchangers from 
accepting cash from their customers to buy cryptocurrencies like Tether USDt 
(USDT).
A potential ban on cash-to-crypto transactions would be a &#8220;massive blow to 
fraudsters,&#8221; Masharov urged, adding that phone scammers are &#8220;often using 
crypto exchangers for withdrawing cash funds.&#8221;
_Olga Serova, a former adviser to the head of the government of Samara region, 
claims to have lost up to $5 million to crypto fraudsters. Source: Baza_
Subsequently, local news channel Baza reported on the Mosca&#8217;s raid, linking 
the event with a &#8220;record-breaking fraud&#8221; against Olga Serova, a former 
government adviser in Russia&#8217;s Samara region.
Serova, 71, reportedly fell victim to scammers in late 2024, cashing out her 
bank accounts to pass the fraudsters an estimated total of 421 million Russian 
rubles ($5.1 million). According to Baza, at least seven people were arrested, 
allegedly in connection with the case.
## Mosca clients can buy up to 100,000 USDT with cash daily
Mosca, which allows investors to deposit up to 100,000 USDT ($100,000) daily, 
is not aware whether Serova&#8217;s incident was connected to its office raid on 
Wednesday, Titarenko said.
&#8220;Maybe it was another client,&#8221; he noted, adding that the raid was the first 
criminal case-related office raid at Mosca in the past three months.
Titarenko also mentioned that Mosca has been actively beefing up its Anti- 
Money Laundering and Know Your Customer checks, including maintaining a 
blacklist of suspicious users.
_**Related:**__**Russia &#8216;s central bank, finance ministry to launch crypto 
exchange**_
The raid caught Mosca during a major local event, Blockchain Life, returning 
to Moscow for the first time since October 2021. The company was one of the 
main guests at the conference, taking two center stands and winning a title of 
the &#8220;best crypto exchange service.&#8221;
_One of Mosca &#8216;s stands at the Blockchain Forum 2025. Source: Cointelegraph_
According to Sergey Mendeleev, a prominent figure in the Russian crypto 
community, the proposal to ban cash-to-crypto transactions is an alarming 
development for the community.
Speaking at the event, Mendeleev suggested that the Russian government might 
be turning away from crypto adoption if it opts to approve such a ban.
He also mentioned that raids are a common situation for crypto exchange 
services located at the Moscow International Business Center, also known as 
Moscow City.
Garantex, a crypto exchange that halted trading after Tether froze $27 million 
in USDT due to sanctions, was also among the exchangers located in Moscow 
City.
_**Magazine:**__**Pok emon on Sui rumors, Polymarket bets on Filipino Pope: 
Asia Express**_

Russian crypto exchanger Mosca raided amid cash-to-crypto ban talks

Bitcoin adoption among United States financial institutions could see a major 
boost after the US Federal Reserve withdrew its guidance discouraging banks 
from engaging with cryptocurrency.
On April 24, the Fed withdrew its 2022 supervisory letter that served as 
guidance to deter banks from engaging in crypto and stablecoin activities. The 
withdrawal spurred a notable uplift in Bitcoin (BTC) investor sentiment. 
_The Federal Reserve Board &#8216;s withdrawal giving banks guidance on crypto 
activities. Source: __Federal Reserve_
The 2022 guidance initially warned that crypto may pose risks to investors and 
the stability of the US financial system.
The Fed&#8217;s move means that &#8220;banks are now free to begin supporting Bitcoin,&#8221; 
said Michael Saylor, co-founder of the world&#8217;s largest corporate Bitcoin 
holding firm, Strategy, in an April 25 X post.
_Source:__Michael Saylor_
The Fed&#8217;s decision &#8220;is a significant development, as it will simplify the path 
to institutional adoption,&#8221; according to Anastasija Plotnikova, co-founder and 
CEO of blockchain regulatory firm Fideum.
&#8220;The withdrawal of this particular guidance ensures that crypto assets will be 
overseen through standard supervisory processes,&#8221; she told Cointelegraph, 
adding:
&gt; &#8220;We still need to have GENIUS and STABLE bills to be passed to further 
&gt; harmonize the crypto activities amongst Fed-supervised firms and other 
&gt; market participants. The combination of legislative effort will be the main 
&gt; driver behind the institutional adoption.&#8221;
The Stablecoin Transparency and Accountability for a Better Ledger Economy, or 
STABLE Act, passed the US House Financial Services Committee with a 32-17 vote 
on April 2. The bill aims to create clear regulatory guidelines for dollar- 
denominated stablecoins.
_Source:__Financial Services GOP_
The GENIUS Act, short for Guiding and Establishing National Innovation for US 
Stablecoins, passed the Senate Banking Committee by a vote of 18-6 on March 
13.
_**Related:**__**Trump fought the bond market, the bond market won: Saifedean 
Ammous**_
## Fed&#8217;s shift marks end of us regulatory hostility
The Federal Reserve&#8217;s decision may be a &#8220;meaningful turning point&#8221; for 
Bitcoin&#8217;s institutional adoption in the US, according to Eneko Knorr, co- 
founder and CEO of Stabolut, a yield-bearing stablecoin project.
&#8220;Up until now, US regulatory hostility made it virtually impossible for 
traditional financial institutions to participate in this space,&#8221; Knorr told 
Cointelegraph.
&#8220;With the recent shift in the Fed&#8217;s guidance, the door is finally open. This 
unlocks an enormous opportunity for banks &#8212; one that until now has been 
dominated by players like Coinbase and other crypto-native firms,&#8221; Knorr 
added. 
Knorr added that banks are now likely to move quickly to meet client demand 
and retain market share previously captured by crypto-native firms like 
Coinbase.
_**Related:**__**Serbia &#8216;s Prince Filip says Bitcoin is being stifled, expects 
huge rally**_
Bitcoin adoption among financial institutions is also lagging in Europe, with 
less than 20% of European banks offering crypto services, despite the rising 
investor demand and regulatory clarity in the region.
_**Magazine:**__**Bitcoin &#8216;s odds of June highs, SOL&#8217;s $485M outflows, and 
more: Hodler&#8217;s Digest, March 2 &#8211; 8**_

US banks are ‘free to begin supporting Bitcoin’ — Michael Saylor

PENGU price has exploded out of a multi-week consolidation phase, jumping 38% 
in the past 24 hours amid rising volume, eyeing $0.015 next. Pudgy Penguins 
(PENGU) just surged 40% in the past 24 hours, breaking out of multi-week 
accumulation phase…

PENGU price breaks out with 40% surge, eyes $0.015 ahead of potential ETF approval

Bitcoin is consolidating just beneath its recent peak, following a sharp rally 
that pushed it to the upper bounds of this week’s trading range. The sustained 
strength in price action and volume highlights strong bullish sentiment, 
though key resistance at $95,500 remains a pivotal level to watch. Bitcoin 
Across the 1-hour chart, bitcoin shows short-term […]