Welcome to AllePay https://allepay.online – Your Trusted Source for the Latest in Crypto updates from around the globe, dated April 16, 2025. This week, the crypto market experienced notable volatility as Bitcoin dipped amid escalating geopolitical tensions between Iran and Israel. In Asia, Hong Kong made headlines by approving spot Bitcoin and Ether ETFs, signaling greater institutional adoption. Meanwhile, China continues to debate the management of seized digital assets, and Ripple braces for a crucial legal deadline in its ongoing battle with the U.S. SEC. Experts are also hinting at a potential end to the current bull run, while Kraken expands into stock trading, and political and legal events around the world—from Argentina’s $LIBRA scandal to the sentencing of a crypto hacker in the U.S.—are shaping the future of the industry.
China Debates Handling of Seized Crypto Assets
China is grappling with the management of cryptocurrencies confiscated from illegal activities. Despite a national ban on crypto trading, local governments have partnered with private firms to sell these assets, raising legal and ethical concerns. Experts suggest that China’s central bank could oversee the disposal or create a strategic crypto reserve, akin to the U.S. approach. Reuters
SEC vs. Ripple: Key Legal Deadline
Ripple Labs has requested the U.S. Court of Appeals to set April 16, 2025, as the deadline to file its reply brief in its ongoing litigation with the SEC. This case, which began in December 2020, centers on allegations that Ripple sold unregistered securities through its XRP token. The outcome could significantly influence how digital assets are regulated in the U.S. Cointribune
Trump Meme Coin Unlock Raises Market Concerns
A significant event in the crypto space involves the imminent unlocking of 40 million Official Trump meme coins, valued at approximately $320 million at the current $8 market price. These tokens, owned by affiliates of the Trump Organization, begin unlocking around April 17 and will continue daily over two years. Experts anticipate a rapid price decline to $6 or $7, potentially dropping to $3 by the end of May. Axios
Kraken Expands into Traditional Finance
Kraken, a leading cryptocurrency exchange, has launched commission-free trading for over 11,000 U.S.-listed stocks and ETFs, expanding its services into traditional finance. This move reflects a broader trend of convergence between traditional and digital finance. Kraken also plans to enter payment services, signaling broader ambitions across financial sectors. Reuters
Hong Kong Approves Spot Crypto ETFs
In a groundbreaking move, Hong Kong has approved the launch of spot Bitcoin and Ether exchange-traded funds (ETFs). This development marks a significant stride in the global adoption of cryptocurrencies, signaling a new era for crypto investment in the region. Crypto Data Space
Vitalik Buterin Highlights Crypto’s Humanitarian Role
A new documentary titled “Vitalik: An Ethereum Story” follows Ethereum founder Vitalik Buterin over two years as he champions the transformative potential of crypto and blockchain beyond mere financial speculation. A pivotal scene features Buterin in war-torn Kyiv playing chess with Ukraine’s Minister of Digital Transformation, highlighting how crypto supported the country following Russia’s 2022 invasion. Time
Binance News: CryptoQuant CEO Predicts Bitcoin Bull Run May End in April 2025
Ki Young Ju, CEO of CryptoQuant, stated that Bitcoin is currently in a bull market, with its market value growing faster than its actual market value—a trend that typically lasts about two years. If this pattern continues, the bull market cycle may conclude in April 2025. Binance
According to ABP Live: Bitcoin Dips Amid Geopolitical Tensions
On April 15, 2025, Bitcoin’s price fell below $65,000, reaching as low as $62,000, influenced by escalating tensions between Iran and Israel. The global crypto market cap stood at $2.36 trillion, with altcoins like Ethereum and Dogecoin showing signs of recovery. ABP Live
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