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The White House said on April 24 that it received more than 10,000 public comments on its planned artificial intelligence action plan, indicating widespread interest in the technology as the global race for AI leadership accelerates. Among the stakeholders providing inputs were AI giants such as OpenAI, Meta, Amazon, Google, and Microsoft. In addition, organizations…

Tokenization platform Securitize has partnered with decentralized finance (DeFi) protocol Mantle to launch an institutional fund designed to earn yield on a diverse basket of cryptocurrencies, the companies said.  Similar to how a traditional index fund tracks a mix of stocks, the Mantle Index Four (MI4) Fund aims to offer investors exposure to cryptocurrencies, including…

Key Takeaways: Ethereum saw a record 449,000 in ETH inflows to accumulation addresses on April 22. Active addresses rose 10%, signaling growing network engagement, but DeFi activity remains weak with declining DEX volumes. Holders in accumulation addresses remain underwater with a realized price of $1,981. Over the past 10 days, Ethereum inflows into accumulation addresses…

The US Securities and Exchange Commission (SEC) crypto task force, headed by Hester Peirce, has continued meeting with digital asset company representatives as the agency explores regulatory changes. In an April 24 notice, the SEC task force disclosed a meeting with representatives from crypto firm Ondo Finance and the law firm Davis Polk and Wardwell…

Key takeaways: Bearish Bitcoin traders were caught off guard by BTC’s rally above $90,000. Spot volumes are driving the Bitcoin price rally. Derivatives positions with a bearish bias remain at risk of liquidation. Bitcoin (BTC) held above the $93,000 mark on April 24, suggesting a potential conclusion to the 52-day bear market that bottomed at…

Bitcoin reserves on cryptocurrency exchanges have dropped to their lowest level in more than six years, as publicly traded companies ramp up their accumulation of the digital asset following the US presidential election, according to Fidelity Digital Assets.  “We have seen Bitcoin supply on exchanges dropping due to public company purchases — something we anticipate…

Key points: Bitcoin is setting up a showdown with leveraged shorts immediately above its yearly open price. That key level near $93,500 is the main target for traders hoping that BTC/USD will cement its latest breakout. The next support retest could involve $87,000, analysis suggests. Bitcoin (BTC) consolidated below a key resistance target on April…