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26 Apr 2025, 07:52
XRP Army Cautioned Against Spreading WhiteRock’s Proposal to Incorporate XRP Into Federal Banking System
A recent development involving XRP and the U.S. Federal Reserve has sparked widespread speculation and excitement in the community, but one prominent voice is urging caution. Vet, a respected validator on the XRP Ledger’s default Unique Node List (dUNL), has publicly warned XRP supporters against circulating unverified information about an alleged integration between the XRP Ledger (XRPL) and the federal banking system. The warning came in response to growing online attention around a letter reportedly sent to the Federal Reserve by WhiteRock. The document, dated April 24, 2025, proposes a meeting with the Federal Reserve’s Board of Governors to discuss implementing XRPL technology across the U.S. federal banking infrastructure. WhiteRock’s letter, signed by Noam Levy, outlines ambitious plans that promise enhanced security, interoperability, regulatory compliance, and an enterprise-grade financial architecture. Please stop posting the WhiteRock "proposal to discuss XRP Ledger integration within the FED". This is such a bad look if you do. Think for yourself and start questioning posts like this. Don't be so gullible. — Vet (@Vet_X0) April 25, 2025 WhiteRock’s Outreach Fuels Online Speculation The proposal, which circulated quickly across social media platforms, gained additional traction as it coincided with a major shift in federal policy. Just days earlier, the Federal Reserve rolled back most of its prior anti-crypto guidance , regulations that had required banks to seek approval before engaging in activities like digital asset custody or stablecoin transactions. The timing of WhiteRock’s letter, arriving shortly after this reversal, led many within the XRP community to view it as a credible sign of federal interest in integrating blockchain into traditional financial frameworks. As word of the proposal spread, several prominent XRP advocates amplified its message, sharing screenshots and interpretations that painted the development as a major step toward the national adoption of XRPL. This enthusiasm, however, has raised concerns among more technically grounded voices in the space. Vet: Hype Without Verification Hurts the Ecosystem Vet took to X to challenge the credibility of the WhiteRock letter and urge community members to practice discernment. In a strongly worded message, the validator expressed disappointment in the wave of influencers promoting the proposal without confirming its authenticity. Vet cautioned that spreading these claims without scrutiny risks spreading misinformation and damaging the XRP community’s credibility. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 “It makes us look like we’re chasing validation rather than presenting solid, verifiable progress,” Vet stated, emphasizing that the desire for positive news should never override the need for evidence. In subsequent comments, Vet pointed out that some influencers promoting the WhiteRock letter were previously behind unfounded claims that the FedNow system has been using XRP for years. He expressed dismay that these narratives continue to garner thousands of likes and shares, potentially misleading newer ecosystem members and creating a false sense of legitimacy. A Call for Responsible Messaging The validator’s critique highlights a growing divide in the XRP community between those focused on technical integrity and those more focused on media momentum. Vet stressed the importance of critically evaluating what’s being shared and encouraged followers to question viral content, no matter how exciting it may appear on the surface. To contain the spread of unverified information, Vet announced plans to engage with the audiences of those major influencers who promoted the WhiteRock letter. His goal, he explained, is to promote a culture of accountability and clarity, especially in a space where speculation can easily spiral into widely accepted “facts.” As the crypto industry continues to evolve, the episode serves as a stark reminder of the fine line between advocacy and misinformation. For XRP , a project already navigating high-stakes legal and regulatory challenges, ensuring that public narratives are built on truth rather than wishful thinking is more important than ever. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Army Cautioned Against Spreading WhiteRock’s Proposal to Incorporate XRP Into Federal Banking System appeared first on Times Tabloid .
26 Apr 2025, 07:39
Swiss National Bank Says No to Bitcoin Reserves
The post Swiss National Bank Says No to Bitcoin Reserves appeared first on Coinpedia Fintech News Swiss National Bank (SNB) President Martin Schlegel announced at the 2025 General Assembly that the bank has rejected adding Bitcoin to its reserves. He pointed to concerns over liquidity and volatility risks as the main reasons for the decision. However, the SNB still has indirect Bitcoin exposure through its investments in companies like Tesla, MARA Holdings, and CleanSpark, as of the end of 2024. The bank remains cautious about direct Bitcoin holdings. Contine Read
26 Apr 2025, 07:30
Aptos Emerges as a Silent Powerhouse in H2 2024 With Explosive Growth and Real-World Integration
Even though the much of the focus in 2024 was on prominent chains and memecoin storylines, Aptos went largely unnoticed as it staged one of the most impressive comebacks in the crypto world during the latter half of the year. With a remarkable 700% surge in total value locked (TVL), an extraordinary uptick in network activity, noteworthy partnerships with real-world assets (RWAs), and growing support for cross-chain stablecoins, Aptos has solidified its position as a top contender in the crypto space for institutional and real-world on-chain adoption. The performance of Aptos was not fueled by hyper but by continuous infrastructure expansion, enterprise use cases, and user-centric innovation. . @Aptos quietly had one of the strongest second halves of 2024. 700% TVL growth Major RWA integrations Stablecoins going cross-chain And a surge in real-world adoption across payments and enterprise. Here’s the thread breakdown pic.twitter.com/b3u2Rvbuaz — Nansen (@nansen_ai) April 24, 2025 It is now emerging as a high-performance layer-1 that connects traditional finance and the decentralized world—more or less seamlessly, and with increasing momentum. From Network Traction to DeFi Expansion: The Rise of Aptos Aptos wrapped up 2024 with statistics that most chains would envy. Its network was alive with activity, as total transactions exceeded 2 billion, and active accounts reached an impressive 8 million. The most jaw-dropping figure—peak daily transaction volume—occurred with the launch of the blockchain-based game “Tapos,” with 326 million transactions confirmed in a single day. If you want to know why everyone is so hyped about Aptos, look at these numbers. Impressively, the platform’s count of daily active addresses increased almost five times, compared to the levels of the middle of the year. It finished at between 800,000 to 1 million active addresses per day. Not only does this underscore the organic growth of the platform and the even pace at which it is accumulating users, it also highlights the continued unfurling of the necessary design features and the overall architecture of the still-embryonic technical environment. The ecosystem of decentralized finance (DeFi) on Aptos is experiencing a renaissance. Total value locked (TVL) shot up 700% in the latter half of maybe your year or last year, propelled by a burgeoning range of protocols like Thala Labs and Arius Markets, Amnis Finance, and LiquidSwap by Pontem Network. In this brave new world of lending, staking, and CDPs, Aptos is the place to be. Importantly, USDY—a yield-bearing stablecoin backed by real-world assets—saw quite the adoption, offering users a 5.3% APY with over $300 million in cross-chain liquidity. The presence of such stablecoins has helped draw more serious capital into the ecosystem and made Aptos a growing hub for yield-seeking users. Cross-Chain Stablecoin Momentum and RWA Integrations In late 2024, stablecoins emerged as a central component of the Aptos narrative. USDT was the first stablecoin with which to go live on Aptos, thus making it the first stablecoin to operate on a Move-based chain and to be integrated into the Aptos core multichain architecture. Not long after USDT, Circle snagged USDC, the world’s second-largest stablecoin by market cap, to also integrate into the Aptos ecosystem. USDC, like USDT, can be used in various multichain scenarios that involve Circle’s Cross-Chain Transfer Protocol. To better enhance its already robust stablecoin offering, Stripe set in motion the on-ramping and off-ramping of fiat currencies to and from the Aptos Ecosystem. Accordingly, Aptos users can now convert their fiat to crypto and their crypto back to fiat with the help of financial services giant Stripe—all without using any centralized exchanges. The upshot? More retail and institutional users in the Aptos Ecosystem because it’s now easier than ever to conduct crypto transactions. From an institutional perspective, Aptos has become a primary destination for the tokenization of real-world assets. It now accommodates an expanding roster of major real-world asset funds, including BlackRock’s BUIDL fund, Franklin Templeton’s FOBXX, and Ondo’s USDY. This is in line with a larger trend of deploying tokenized real-world assets and makes Aptos a contrasting choice, given its regulatory touchpoints, for blockchain-accessible tokenized versions of traditional financial products. Frictionless User Experience and Enterprise Partnerships Aptos made major strides in a user-friendly experience and payment infrastructure beyond DeFi and institutional capital. With Aptos Keyless, a new feat of engineering that makes it possible for average people to “log in” to Aptos using Apple or Google, the average user completely bypasses the management of a private key. In other words, they don’t have one. At the same time, collaboration with international telecom companies is taking blockchain to everyday users. In South Korea, for instance, SK Telecom has integrated Aptos-native USDT into its T-wallet, while Petra Wallet is now offering several new, consumer-friendly features—like Petra Pay and Petra Earn—that make it easier to spend, save, and earn crypto. These developments, when considered collectively, depict a platform that is not only expanding in a technical sense but also in a cultural one. It is appealing, with equal mastery, to both kinds of users: the crypto natives and the traditional finance crowd. Aptos is developing a unique area in crypto—integration with real-world finance. It has a high level of developer activity, top enterprise-grade integrations, and an increasing level of on-chain activity. Consequently, it has emerged as a leading platform for the sort of regulated finance that working-world institutions prefer. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
26 Apr 2025, 07:26
Switzerland’s Crypto Regulation Faces Heat as Bitcoin Reserve Strategy Sparks Debate
The post Switzerland’s Crypto Regulation Faces Heat as Bitcoin Reserve Strategy Sparks Debate appeared first on Coinpedia Fintech News As inflation rises and economic uncertainty deepens, Switzerland is facing fresh pressure to rethink its Bitcoin reserve strategy . A group of crypto advocates has launched a referendum, urging the Swiss National Bank (SNB) to add Bitcoin alongside gold to its reserves as a safeguard against global instability. Swiss National Bank Rejects Bitcoin Reserve Push Despite mounting calls, the SNB remains firm. In a recent meeting , SNB Chairman Martin Schlegel dismissed the idea, calling Bitcoin too volatile for Switzerland’s official reserves. Schlegel emphasized the need for assets that are highly liquid and stable in value—qualities Bitcoin, in his view, does not consistently deliver. He also raised concerns over Bitcoin’s reliability, highlighting that, being a software-based asset, it could face technical glitches. Schlegel underlined that the SNB has no intention of incorporating crypto into its reserve strategy at this time. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto News Today Live : Crypto tax , Bitcoin Price, Pi Network Listing, XRP News, Dogecoin Price , Global Trends Highlight Growing Interest in Crypto Reserves While Switzerland maintains a cautious stance on crypto regulation, other countries are beginning to explore different paths. The United States, for instance, has started building a Bitcoin reserve using coins seized from criminal investigations , a move that is sparking discussions worldwide. Even so, many governments remain hesitant, citing extreme price volatility and operational risks. For now, Switzerland appears committed to its traditional financial framework, resisting global trends that are slowly shifting toward Bitcoin and digital assets. 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Switzerland’s central bank, the SNB, has rejected the idea of adding Bitcoin to its reserves, citing concerns over volatility and technical risks. Why did the Swiss National Bank refuse to adopt a Bitcoin reserve strategy? The SNB believes Bitcoin is too unstable and unpredictable for official reserves, and stresses the need for assets that are highly liquid and secure. Are other countries building Bitcoin reserves? Yes, the United States has started accumulating Bitcoin from seized assets, sparking discussions about crypto adoption among other nations.
26 Apr 2025, 06:14
Swiss National Bank President Makes Statement on Bitcoin (BTC) Following Heavy Demand
Martin Schlegel, President of the Swiss National Bank (SNB), has categorically rejected suggestions that the central bank should hold Bitcoin in its reserves, stating that cryptocurrencies do not meet the institution’s reserve asset standards. Speaking at the SNB’s annual shareholders’ meeting in Bern, Schlegel cited growing pressure from crypto advocates who argue the central bank needs to diversify its reserves in light of growing global economic uncertainty. The move has gained momentum since U.S. President Donald Trump imposed new tariffs that critics say could destabilize international markets. The movement is launching a referendum initiative aimed at amending the Swiss constitution to make it mandatory for the SNB to hold Bitcoin alongside gold as part of its official reserves. The initiative is being led by the Bitcoin Initiative, a group founded by Luzius Meisser, a prominent figure in the Swiss crypto community. Related News: Critical Number Revealed for Bitcoin: Miners Start Losing Money If BTC Falls Below This Number Despite this momentum, Schlegel remained steadfast. “Cryptocurrencies are not currently fulfilling the requirements for our foreign exchange reserves,” he said. He emphasized the need for the central bank to reliably buy and sell assets, raising concerns about market liquidity. Schlegel also pointed to the extreme volatility of cryptocurrencies, describing their value swings as “very, very high,” casting doubt on their role as stable reserve assets. Addressing shareholders earlier in the meeting, Meisser argued that Bitcoin offers strategic value in a changing geopolitical environment. “I must admit that it may not be very valuable in the scenarios that most of you consider normal,” he said, adding, “But Bitcoin will be very valuable in the specific scenario of a multipolar world order where reliance on sovereign debt is decreasing.” *This is not investment advice. Continue Reading: Swiss National Bank President Makes Statement on Bitcoin (BTC) Following Heavy Demand
26 Apr 2025, 06:00
Trump Crypto Policy: Sacks Hails Fed’s Crucial Crypto Banking Reversal
In a significant development for the cryptocurrency industry, David Sacks, a key figure advising the Trump campaign on crypto and AI policy, has voiced strong support for the U.S. Federal Reserve’s recent decision to ease certain guidelines related to banks’ engagement with crypto assets and stablecoins. This move is being interpreted by some as a direct response to previous regulatory approaches and a potential catalyst for broader mainstream adoption of digital assets. What Exactly Did the Fed Roll Back, According to David Sacks? David Sacks didn’t mince words when commenting on the Federal Reserve’s action. He characterized the rollback as a reversal of what he termed “Biden-era rules.” Specifically, he linked these previous rules to the controversial concept known as Operation Chokepoint 2.0. For those unfamiliar, the original Operation Chokepoint was an initiative under the Obama administration that aimed to prevent banks from doing business with certain types of companies deemed high-risk. Crypto advocates and some political figures have argued that a similar, albeit unofficial, pressure campaign has been applied to the crypto industry under the current administration, making it difficult for legitimate crypto businesses to obtain essential banking services – a critical issue affecting crypto banking access . Sacks’ view is that the Fed’s recent action signals a departure from this perceived approach, potentially clearing the path for traditional banks to engage more freely with the crypto sector. This is a pivotal point for anyone following the intersection of traditional finance and digital assets, and it directly impacts the future of Fed crypto banking regulations. Who is David Sacks and Why Does His Opinion on Trump Crypto Policy Matter? David Sacks is a prominent venture capitalist and entrepreneur, known for his involvement with PayPal and Palantir Technologies. More recently, he has become a vocal commentator on technology, politics, and the economy. His significance in this context stems from his role as a co-lead on the Trump campaign’s crypto and AI policy team. This position gives his statements considerable weight as indicators of potential future regulatory direction should Donald Trump return to the presidency. His alignment with a potential Trump crypto policy makes his comments on the Fed’s actions particularly relevant. It suggests that easing restrictions on banks dealing with crypto could be a priority under a future Trump administration, contrasting sharply with the more cautious, and in the view of critics like Sacks, restrictive approach perceived under the current administration. Understanding the “Biden-Era Rules” and the Shadow of Operation Chokepoint 2.0 The concept of Operation Chokepoint 2.0 is contentious. It’s not an official government program but rather a term used by critics to describe a perceived coordinated effort by regulators to pressure banks and financial institutions into limiting or ceasing services to the crypto industry. Proponents of this view point to: Statements from regulators warning banks about the risks of crypto. Increased scrutiny and delays in processing applications from crypto firms for banking services. Guidance issued to banks suggesting caution or highlighting risks associated with crypto activities. The argument is that this pressure, while not a formal program like the original Operation Chokepoint, effectively ‘chokes off’ the crypto industry’s access to the traditional banking system, hindering growth and innovation. Restoring robust crypto banking access is seen by critics of this approach as essential for the industry’s health and ability to serve customers. Sacks’ framing of the Fed’s rollback as a reversal of these “Biden-era rules” tied to Operation Chokepoint 2.0 highlights the political dimension of crypto regulation and the differing philosophies on how traditional finance should interact with digital assets. What Was the Federal Reserve’s Specific Action Regarding Fed Crypto Banking? While the specific action Sacks is referring to wasn’t explicitly detailed in the brief statement, it likely pertains to the Federal Reserve’s decision to rescind Supervisory Letter SR 15-1. Issued in 2015, this letter provided guidance to banks on managing risks associated with new, innovative activities, including those involving digital assets. While not an outright ban, critics argued it contributed to a climate of caution and de-risking by banks regarding crypto. Rescinding such guidance could signal to banks that the regulatory stance is shifting, potentially making them more comfortable exploring or expanding services related to crypto and stablecoins, provided they manage risks appropriately under existing frameworks. This is a crucial point for the future of Fed crypto banking policies. Here’s a simplified comparison of the perceived approaches: Perceived “Biden-Era” Approach (Operation Chokepoint 2.0) Post-Fed Rollback (Supported by Sacks) Regulatory pressure/warnings discouraging banks from crypto. Rescinding cautionary guidance (like SR 15-1). Difficulty for crypto firms to obtain banking services. Potential for increased bank comfort and willingness to serve crypto. Focus on risks of banks engaging with crypto. Emphasis on banks managing risks within existing frameworks while potentially engaging with crypto. Limited crypto banking access . Potential for improved crypto banking access . How Does Improved Crypto Banking Access Support Mainstream Adoption? Easier and more reliable access to banking services is absolutely fundamental for any industry to integrate with the broader economy, and crypto is no exception. For mainstream adoption to truly take off, several things need to happen, and robust crypto banking access is key to many of them: On-Ramps and Off-Ramps: Individuals and businesses need simple, reliable ways to convert traditional fiat currency into crypto and vice versa. Banks are the primary gatekeepers for these conversions. Limited banking access makes it harder and more expensive to get into and out of crypto. Business Operations: Crypto exchanges, custodians, stablecoin issuers, and other blockchain-based businesses need bank accounts to pay employees, cover operational costs, manage liquidity, and interact with the traditional financial system. Without banking access, these businesses struggle to function legally and effectively. Stablecoin Utility: Stablecoins, designed to maintain a stable value relative to traditional currencies, often rely on reserves held in traditional bank accounts. Access to banking is essential for issuing, redeeming, and managing stablecoins transparently and securely. This is crucial for the growth of stablecoin use in payments and remittances. Institutional Participation: Large financial institutions (like investment funds, corporations, etc.) require clear pathways and supportive banking infrastructure to hold, trade, and settle crypto assets. Easing Fed crypto banking rules can make this participation more feasible and attractive. Sacks’ point is that by reducing perceived regulatory hurdles for banks, the Fed’s action could unlock greater willingness among financial institutions to provide these essential services, thereby smoothing the path for individuals and businesses to engage with crypto, leading to broader mainstream adoption. What Are the Potential Benefits and Challenges of This Shift? The potential implications of the Fed’s perceived shift are multifaceted, presenting both opportunities and challenges. Benefits: Increased Legitimacy: Greater bank involvement can lend an air of legitimacy to the crypto industry, potentially attracting more conservative investors and users. Improved Efficiency: Better banking access can streamline operations for crypto businesses, potentially leading to lower costs and improved services for users. Innovation Boost: Easier access to financial services can foster innovation in crypto products and services that require interaction with traditional finance. Economic Growth: A thriving, well-integrated crypto sector can contribute to economic growth through job creation and new financial activities. Clearer Regulatory Signals: Rescinding old, potentially ambiguous guidance can provide banks with more clarity, reducing uncertainty. Challenges & Considerations: Risk Management: Banks still need to implement robust risk management frameworks for engaging with crypto, covering areas like anti-money laundering (AML), know-your-customer (KYC), cyber security, and market volatility. Regulatory Clarity Still Needed: While some guidance may be rescinded, comprehensive regulatory frameworks for crypto and stablecoins are still under development in the U.S., creating ongoing uncertainty. Bank Appetite: The Fed’s action doesn’t *force* banks to engage with crypto; it merely potentially removes a perceived hurdle. Banks will still make decisions based on their own risk assessments and business strategies. Political Uncertainty: Regulatory approaches can shift depending on the political climate and election outcomes. A potential future Trump crypto policy might be more favorable, but regulatory direction could change again. Consumer Protection: As banking access increases, ensuring adequate consumer protection remains paramount. What Does This Mean for the Future of Crypto Regulation and Trump Crypto Policy? David Sacks’ enthusiastic response provides a strong signal about the likely direction of Trump crypto policy if he were to win the presidency. It suggests a focus on: Reducing perceived regulatory burdens on the crypto industry. Facilitating the integration of crypto with the traditional financial system. Potentially contrasting sharply with the current administration’s approach, which Sacks and others view as overly cautious or even hostile (via Operation Chokepoint 2.0 ). The Federal Reserve is an independent body, and its decisions are not directly dictated by the administration. However, the regulatory environment is influenced by the broader political and economic climate. The Fed’s move, coupled with statements from figures like Sacks, adds another layer to the ongoing debate about how the U.S. should regulate digital assets. The future of Fed crypto banking guidelines will likely remain a topic of intense discussion and potential evolution. Actionable Insights: What Should Stakeholders Consider? For various stakeholders, this development and the surrounding commentary from figures like David Sacks offer insights: For Crypto Businesses: Continue pursuing relationships with traditional banks. Be prepared to demonstrate robust compliance and risk management practices. Monitor regulatory developments closely, particularly those from the Fed and other banking regulators. For Banks: Re-evaluate internal policies regarding crypto engagement in light of rescinded guidance. Assess the potential business opportunities and risks associated with providing crypto banking access . Build expertise in digital assets and relevant compliance requirements. For Investors: Understand that while regulatory shifts can impact market sentiment and infrastructure, fundamental analysis of crypto projects remains crucial. Be aware of the political dimension of crypto regulation and how potential policy changes could affect the industry. For Policymakers: Continue working towards clear, comprehensive regulatory frameworks for crypto and stablecoins that balance innovation with risk management and consumer protection. Conclusion: A Turning Point for Crypto Banking Access? David Sacks’ positive reaction to the Federal Reserve’s rollback of certain crypto-related guidance underscores a significant point of contention in the ongoing debate about crypto regulation: the ease with which the industry can access traditional banking services. By framing the Fed’s action as a reversal of restrictive “Biden-era rules” linked to Operation Chokepoint 2.0 , Sacks highlights a desire from within the Trump campaign’s orbit for a regulatory environment that facilitates, rather than hinders, the integration of crypto with traditional finance. While the full impact of the Fed’s specific action remains to be seen and regulatory clarity is still evolving, this development is viewed by proponents as a positive step towards improving crypto banking access , which is widely considered essential for achieving true mainstream adoption of digital assets and shaping future Fed crypto banking policies. It also offers a glimpse into the potential direction of Trump crypto policy . To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action .
