Despite concerning headlines of fresh tariffs, fractured alliances, and looming recession fears, there are still strong reasons for investors to remain positive, according to Nigel Green, CEO and founder of deVere Group. In a note sent to crypto.news, Green pushed…

Pro: Trade wars are causing recalibration, not collapse for investors

Medical technology company Semler Scientific announced the acquisition of 111 
more bitcoins for $10 million between February 14 and April 24, 2025. The 
acquisition brought Semler Scientific’s holdings to 3,303 bitcoins. Semler 
Scientific BTC Holdings Acquired for an Average of $87,929 per Coin Semler 
Scientific (Nasdaq: SMLR), a medical technology company, announced that 
between Feb. […]

Medtech Firm Semler Scientific Buys Another $10M in Bitcoin

In one of his first appearances as the recently sworn-in chair of the US 
Securities and Exchange Commission, Paul Atkins delivered remarks to the 
agency&#8217;s third roundtable discussion of crypto regulation.
In the &#8220;Know Your Custodian&#8221; roundtable event on April 25, Atkins said he 
expected &#8220;huge benefits&#8221; from blockchain technology through efficiency, risk 
mitigation, transparency, and cutting costs. He reiterated that among his 
goals at the SEC would be to facilitate &#8220;clear regulatory rules of the road&#8221; 
for digital assets, hinting that the agency under former chair Gary Gensler 
had contributed to market and regulatory uncertainty.
&#8220;I look forward to engaging with market participants and working with 
colleagues in President Trump&#8217;s administration and Congress to establish a 
rational fit-for-purpose framework for crypto assets,&#8221; said Atkins.
_SEC chair Paul Atkins addressing the April 25 crypto roundtable. 
Source:__SEC_
Some critics of US President Donald Trump see Atkins&#8217; nomination to lead the 
SEC as a nod to the crypto industry, acting on campaign promises to remove 
Gensler &#8212; the former chair resigned the day Trump took office &#8212; and cut back 
on regulation. Democratic lawmakers on the Senate Banking Committee questioned 
Atkins on his ties to the industry, potentially presenting conflicts of 
interest in his role regulating crypto.
_**Related:**__**Atkins SEC era sparks massive industry optimism, crypto execs 
speak out**_
## The direction of the SEC under new leadership
&#8220;We&#8217;ve noticed that we don&#8217;t have to be as concerned [&#8230;] about being accused 
of things that we&#8217;re not doing, like being broker-dealers for securities,&#8221; 
Exodus chief legal officer Veronica McGregor, who participated in the 
roundtable, told Cointelegraph on April 24.&#8221;It&#8217;s just a less scary regulatory 
environment in general. It is, however, still unclear what the ultimate regs 
are going to look like for crypto.&#8221;
The SEC crypto task force is scheduled to hold two more roundtables in May and 
June to discuss tokenization and decentralized finance, respectively. 
Commissioner Hester Peirce, who leads the task force, told Cointelegraph in 
March that she welcomed the opportunity to work with Atkins to &#8220;reorient the 
agency,&#8221; hinting at an SEC with regulations more favorable to the crypto 
industry.
In addition to the roundtables, the crypto task force has reported several 
meetings with digital asset firms to discuss various policies and 
considerations in developing a regulatory framework.
_**Magazine:**__**SEC &#8216;s U-turn on crypto leaves key questions unanswered**_

SEC chair suggests 'huge benefits' in agency's third crypto roundtable

Stocks ended the week on a strong note, with the S&amp;P 500 and Nasdaq Composite 
posting solid gains despite ongoing uncertainty around global trade. The S&amp;P 
500 gained 0.5% to close the week, while the Nasdaq added 0.9%. However, the…

Nasdaq soars 6% for the week as Bitcoin eyes $100k retest

Ethereum is trading above $1,700 after a volatile few weeks, with bulls now 
trying to reclaim higher levels and flip resistance into support. Despite 
lingering macroeconomic tensions and the ongoing trade standoff between the US 
and China, markets are beginning to price in optimism as investors anticipate 
progress in negotiations. This renewed sentiment has lifted risk assets like 
ETH, which is showing early signs of a potential breakout. Related Reading: 
Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected Analysts 
are closely watching Ethereum’s current price action, which suggests a 
possible shift in trend. Top analyst Daan shared a technical view on X, 
highlighting that ETH is attempting to retake its previous horizontal support 
around $1,750. If successful, this would mark the first time in months that 
Ethereum reclaims a key support level after previously rejecting it and 
setting lower lows. As Ethereum fights to regain lost ground, all eyes are on 
this critical level. A breakout here could lead to a renewed surge across the 
altcoin market, reinforcing growing speculation that the worst of the 
correction may already be behind us. Ethereum Bulls Attempt to Shift Market 
Structure Ethereum has rallied impressively, gaining over 32% from its local 
low of $1,383. This recovery has brought ETH to a critical price level, where 
bulls must hold and build momentum to break the broader downtrend that has 
defined much of 2024. A sustained move above current levels could mark a long- 
awaited shift in market structure, providing confidence that Ethereum is ready 
to trend higher over the medium term. However, broader macroeconomic forces 
continue to weigh heavily on investor sentiment. Ongoing trade tensions 
between the United States and China remain unresolved, with each new tariff 
threat adding further strain on global supply chains. These geopolitical 
pressures threaten to limit risk appetite, and any further escalation could 
stall Ethereum’s recovery. On the flip side, a diplomatic breakthrough could 
trigger a strong shift in investor positioning across all risk assets, 
including crypto. In the meantime, Ethereum must defend current levels to keep 
bullish momentum intact. Daan&#8217;s analysis highlighted that ETH is currently 
testing the $1,750 level, which previously acted as key support. If Ethereum 
can reclaim this horizontal zone, it would mark the first time in months that 
ETH retakes rather than rejects a critical level. Daan emphasized that daily 
closes above $1,750 are ideal and would confirm strength, potentially opening 
the door for a larger breakout. Related Reading: Ethereum Forms ‘A Huge 
Inverse Head &amp; Shoulders’ – $20K Target In Sight? ETH Price Holds Key Levels, 
Bulls Must Reclaim $2K Soon Ethereum is currently trading at $1,770, 
maintaining strength above the 4-hour 200 EMA—a key short-term indicator that 
has historically acted as both resistance and support during critical trend 
shifts. Bulls have managed to defend this level over the past few sessions, 
signaling growing confidence and momentum as Ethereum attempts to recover from 
its recent downtrend. Holding above the $1,700 zone is now essential to avoid 
triggering another wave of selling. This level has become the new battleground 
for bulls and bears, and continued consolidation above it may lay the 
groundwork for a broader rally. The next major objective is a decisive reclaim 
of the $2,000 level. A breakout above this threshold would mark a strong shift 
in sentiment and could trigger additional upside as sidelined buyers re-enter 
the market. Related Reading: Ethereum Adds 12% In 24 Hours – On-Chain Metrics 
Point To Modest Resistance Ahead However, caution remains warranted. A failure 
to hold current support would invalidate the recovery narrative and open the 
door to further losses. If Ethereum breaks below $1,700 with volume, it could 
revisit the $1,500 level, which has acted as a historical demand zone. That 
would reinforce a longer-term bearish structure and delay any hopes of a full- 
scale recovery. Featured image from Dall-E, chart from TradingView

Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line?

US President Donald Trump&#8217;s first 90 days in office have been miserable for 
Bitcoin (BTC) and the broader cryptocurrency industry. Despite positive 
regulatory developments, culminating in the first-ever White House crypto 
summit on March 7, digital asset prices have been dragged down by the currents 
of trade war and fear of recession.
However, crypto saw a huge sentiment shift this week amid reports that Trump 
was backing off on his full-scale tariff war against China. It also didn&#8217;t 
hurt that Trump&#8217;s media empire, Trump Media and Technology Group, inked a deal 
with Crypto.com for its forthcoming Made in America exchange-traded funds 
(ETFs).
This week&#8217;s Crypto Biz newsletter covers renewed inflows into Bitcoin ETFs, a 
potential crypto venture backed by Cantor Fitzgerald, and Coinbase&#8217;s possible 
pursuit of a federal banking charter. It wraps up with a look at Tesla&#8217;s 
decision to hold its Bitcoin position despite a disappointing earnings 
quarter.
## Bitcoin ETFs see largest inflows since January
Capital is flowing back into US spot Bitcoin ETFs, highlighting a positive 
sentiment shift among institutional investors.
According to Glassnode data, the 11 spot Bitcoin ETFs registered $381.3 
million in net inflows on April 21, with the ARK21Shares Bitcoin ETF 
accounting for nearly a third of the total.
One day later, the 11 funds registered $912.7 million in net inflows, the 
largest since January when Bitcoin was trading at all-time highs. The 
ARK21Shares, Fidelity and BlackRock Bitcoin funds saw the largest inflows on 
April 22.
As billions flowed back into Bitcoin ETFs, spot BTC prices climbed back to 
$94,000 on April 23, pushing the total cryptocurrency market cap close to the 
$3 trillion mark again.
_Net inflows to US spot Bitcoin ETFs are surging again. Source:__Coinglass_
## Cantor Fitzgerald is backing $3B crypto venture: Report
Cantor Fitzgerald is reportedly in talks with Softbank, Tether and Bitfinex to 
establish a $3 billion crypto acquisition company called 21 Capital.
According to an April 23 report by the Financial Times, the new company aims 
to capitalize on the favorable crypto environment in the United States 
following US President Donald Trump&#8217;s election. It also seeks to emulate the 
success of Strategy, the business intelligence firm turned Bitcoin bank that 
has amassed more than 534,000 BTC.
The report suggested that stablecoin issuer Tether will contribute $1.5 
billion to the new venture. Softbank is expected to add $900 million and 
Bitfinex another $600 million.
21 Capital is reportedly eyeing another $350 million raise via convertible 
bonds alongside a $200 million private equity placement. The proceeds will 
reportedly be used to buy Bitcoin.
_Cantor Fitzgerald is led by Brandon Lutnick, the son of Howard Lutnick 
(right), who became President Trump &#8216;s Secretary of Commerce. Source: __White 
House_
## Coinbase weighs US banking license
Coinbase is considering applying for a United States federal bank charter, 
potentially signaling the cryptocurrency exchange&#8217;s intention to move into 
traditional banking services.
A spokesperson for Coinbase confirmed to Cointelegraph that the exchange was 
considering this option, but did not elaborate on the reasons why.
&#8220;This is something Coinbase is actively considering but has not made any 
formal decisions yet,&#8221; the spokesperson said.
A US federal bank charter is significant because it allows licensees to 
perform core banking activities, including deposit taking and lending. For 
crypto exchanges like Coinbase, obtaining such a charter could represent a 
major step toward integrating traditional banking with digital assets.
## Tesla HODLs Bitcoin despite earnings slump
Electric vehicle maker Tesla reported disappointing first-quarter earnings 
this week but opted to hold onto its Bitcoin investments, signaling that Elon 
Musk&#8217;s company still sees significant upside in digital asset prices.
Tesla&#8217;s net income plunged 71% in the first quarter, with revenue falling 9% 
and automotive sales down 20% year over year.
Tesla&#8217;s disappointing earnings highlight the folly of mixing business and 
politics, with the results partly attributed to Musk&#8217;s role in Trump&#8217;s White 
House.
Despite the earnings slump, Tesla held firm on its digital asset position, 
maintaining 11,509 BTC &#8212; unchanged since 2022. At current prices, that stake 
is valued at just under $1.1 billion.
_Tesla &#8216;s Bitcoin investments. Source: __BitcoinTreasuries.NET_
 _Crypto Biz is your weekly pulse on the business behind blockchain and 
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