Tron Sees $1.52 bn Increase While Ethereum Faces $1.02 bn Decrease

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By Shikha Singh

Tron Sees $1.52 bn Increase While Ethereum Faces $1.02 bn Decrease.

In the past week, there has been a notable shift in stablecoin distribution between Tron and Ethereum. Tron experienced a $1.52 billion increase in USDT and USDC, while Ethereum saw a $1.02 billion decrease.

The increase in stablecoin volume on Tron led to a rise in its trading activities, with a 12% increase in USDT transactions, while Ethereum saw an 8% decrease.

This trend has also impacted AI-related tokens, with SingularityNET (AGIX) seeing a 5% increase in trading volume, potentially due to increased liquidity from stablecoins on Tron.

AI token sentiment has improved, with a 10% increase in positive sentiment, indicating possible trading opportunities in the AI-crypto sector.

Google Tightens Crypto Ad Policy in Europe to Comply with MiCA and CASP Regulations.

Starting April 23, Google will enforce stricter cryptocurrency advertising rules in Europe. Crypto exchanges and wallet providers must now be licensed under the EU’s MiCA framework or registered as a Crypto Asset Service Provider (CASP) to run ads, and they must meet national legal requirements and be certified by Google. Violations won’t lead to immediate suspension but will result in warnings before account suspension.

The policy applies across most of the EU, including countries like Germany, France, and Spain. While legal experts say the rules enhance investor protection by excluding unregulated entities, they may be too burdensome for smaller firms. Licensing costs, which range from €15,000 to €150,000, could be difficult for smaller exchanges to afford.

Kraken Expands Beyond Crypto with Commission-Free Trading Launch.

Kraken, a leading cryptocurrency exchange, has initiated a phased rollout of commission-free trading for over 11,000 U.S.-listed stocks and exchange-traded funds (ETFs).

This expansion into traditional finance begins in select U.S. states, including New Jersey, Connecticut, Wyoming, and Oklahoma, with plans to extend to more states and internationally to markets like the UK, Europe, and Australia.

The move aligns with Kraken’s strategy to offer a comprehensive financial platform that integrates both traditional and digital assets.

Arjun Sethi, Kraken’s co-CEO, emphasized that this expansion into equities is a natural step and paves the way for the tokenization of assets. The initiative is also supported by the U.S. administration’s pro-industry regulatory stance.

This development follows Kraken’s $1.5 billion acquisition of retail futures platform NinjaTrader and signals the company’s broader ambitions across financial sectors, including plans to enter payment services.

Crypto Lending Market Declines 43% to $36.5bn in Q4 2024.

The crypto lending market has dropped 43% from its peak, falling to $36.5 billion in Q4 2024, according to a report by Galaxy Research.

This decline follows the collapse of major lending platforms during the 2022-2023 bear market. However, the market has rebounded 157% from its Q3 2023 low of $14.2 billion.

Significant players like Genesis, BlockFi, and Celsius went bankrupt, severely impacting the CeFi lending market. By Q4 2024, the CeFi lending market had recovered to $11.2 billion, though it remained 68% below its peak.

The market is now more concentrated, with the top three lenders, Ledn, Galaxy, and Tether, holding 89% of the market share.

In contrast, DeFi lending saw strong growth, reaching $19.1 billion in Q4 2024, a 959% increase since its low point. DeFi’s market share has now risen to 63%, up from 34% during the 2020-2021 bull market.

The survival of DeFi lending apps through the bear market, coupled with their decentralized design, has contributed to this shift.

Tether to Deploy Both Existing and Future Hashrate on OCEAN.

Tether, the issuer of USDT, announced on April 14 that it will direct its existing and future hashrate to the OCEAN Bitcoin mining pool, which emphasizes decentralization.

This move aligns with Tether’s commitment to transparency, decentralization, and resisting centralized forces within the Bitcoin network.

Tether will use OCEAN’s DATUM protocol, designed to work well in areas with bandwidth constraints, such as underserved regions in Africa.

The initiative also includes the rollout of OCEAN’s DATUM Gateway in Tether’s global mining operations to improve network resilience and geographic diversity.

South Korea Blocks 14 Unregistered Crypto Applications on iOS.

South Korea’s Financial Intelligence Unit (FIU) has restricted access to 14 unregistered offshore crypto apps, including MEXC and KuCoin, on the Apple Store.

This move is part of a broader effort to combat fraud and scams in the digital asset market. The FIU had previously instructed the Google PlayStore to restrict 17 unregistered crypto firms in March.

South Korea has been tightening regulations for crypto companies, requiring them to register and get approval before operating.

Other crypto platforms, such as BTCC and Poloniex, have also been removed from the market due to security breaches.

Meanwhile, the global crypto market cap stands at $2.73 trillion, with Bitcoin at $85,770, reflecting positive market trends.

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