Big Moves in Crypto: Circle, Coinbase, Tesla, and BlackRock
2025 is already packed with big moves in crypto and finance. Circle, Coinbase, Tether, Tesla, and BlackRock are making headlines, while regulators are finally starting to open some doors. From new payment networks to massive Bitcoin buys, there’s a lot happening, and it’s happening fast. Let’s dive into the biggest stories you need to know this week.
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Circle announced the official launch of its Circle Payments Network (CPN), aiming to revolutionize cross-border transactions. The network enables instant, low-cost international payments using fully regulated stablecoins such as USDC and EURC. Designed for businesses, financial institutions, and fintechs, CPN promises full transparency and compliance with global regulatory standards.
Circle stated that early adopters include major banks and payment providers seeking faster alternatives to SWIFT. The company hopes CPN will solidify stablecoins as a key pillar of the future global financial system.
Table of contents
- Coinbase Is Considering Applying for a Banking License in the US
- Tether Printed Another 1,000,000,000 USDT and Froze 19,000,000 USDT
- Tesla Published Its Q1 2025 Report, Confirming That It Hasn’t Sold Its BTC
- Sam Bankman-Fried Was Transferred to a Low-Security Prison After Two Weeks in One of California’s Most Brutal Prisons
- BlackRock Bought $1.2 Billion Worth of Bitcoin
- SEC Approved the Launch of the XRP ETF by ProShares
- About Paybis
- Wrapping Up
Coinbase Is Considering Applying for a Banking License in the US
Coinbase is reportedly exploring the possibility of obtaining a full banking license in the United States. This move would allow the exchange to expand its offerings to include traditional financial services like lending, deposits, and potentially payment processing. Sources say Coinbase has already held preliminary discussions with U.S. regulators to assess the viability of the move.
A banking license could provide Coinbase with a major advantage in a tightening regulatory environment for crypto firms. However, the process is expected to be lengthy and subject to intense scrutiny from federal and state authorities.
Tether Printed Another 1,000,000,000 USDT and Froze 19,000,000 USDT
Tether minted an additional 1 billion USDT on the Ethereum blockchain, continuing its pattern of periodic large-scale issuances. The company stated that the new tokens were created for liquidity purposes and would be deployed gradually based on market demand. In parallel, Tether froze 19 million USDT linked to suspicious activities, underscoring its efforts to cooperate with law enforcement and enhance compliance.
Critics argue that the ongoing expansion of USDT supply raises concerns about market manipulation and a lack of transparency. Nonetheless, Tether remains the dominant stablecoin by market capitalization.
Tesla Published Its Q1 2025 Report, Confirming That It Hasn’t Sold Its BTC
Tesla’s Q1 2025 financial report confirmed that the company maintained its Bitcoin holdings without selling any during the quarter. Tesla still owns 11,509 BTC, valued at approximately $1.05 billion at current market prices. The company’s decision to hold its Bitcoin is seen by many investors as a continued vote of confidence in the cryptocurrency’s long-term potential. Tesla first purchased Bitcoin in early 2021, and despite market volatility, it has kept a substantial portion of the original allocation. Analysts noted that Tesla’s crypto holdings now represent a relatively small but symbolic part of its balance sheet.
Sam Bankman-Fried Was Transferred to a Low-Security Prison After Two Weeks in One of California’s Most Brutal Prisons
After spending two weeks in a notoriously harsh California prison, Sam Bankman-Fried was relocated to a low-security federal facility. His legal team successfully petitioned for the transfer, citing safety concerns and deteriorating mental health conditions. The move comes as Bankman-Fried continues to serve his sentence related to the FTX fraud scandal.
Reports suggest that his new facility offers more rehabilitative programs and significantly improved living conditions. Public reaction remains divided, with some arguing the transfer is too lenient given the scale of his financial crimes.
BlackRock Bought $1.2 Billion Worth of Bitcoin
Asset management giant BlackRock made headlines after purchasing an additional $1.2 billion worth of Bitcoin, bringing its total holdings to 2.77% of the entire BTC supply. The move reinforces BlackRock’s growing commitment to Bitcoin as a strategic asset class. CEO Larry Fink reiterated the firm’s belief that Bitcoin has a critical role in diversified portfolios amid rising inflation and geopolitical instability.
Market analysts suggest that BlackRock’s accumulation could put upward pressure on Bitcoin prices over the long term. The purchase also highlights the increasing institutionalization of the cryptocurrency market.
In a major development for the crypto industry, the U.S. Securities and Exchange Commission (SEC) has approved the launch of the first-ever XRP-based ETF by ProShares. The new fund, set to begin trading on April 30, will offer investors direct exposure to XRP without the need to hold the asset directly. ProShares stated that the ETF aims to provide institutional and retail investors with easier access to XRP.
The approval marks a significant regulatory milestone for XRP, which had previously faced legal hurdles from the SEC. Analysts predict that the XRP ETF could drive fresh inflows into the broader altcoin market.
About Paybis
Paybis is a global cryptocurrency exchange platform that provides fast, secure, and user-friendly digital asset transactions. Founded in 2014, the company specializes in fiat-to-crypto and crypto-to-fiat conversions, enabling users to buy, sell, and swap Bitcoin, Ethereum, and other cryptocurrencies using various payment methods, including credit/debit cards, bank transfers, and e-wallets.
Try out Paybis now to buy, sell, swap, and manage your favorite cryptos.
With a strong focus on security and compliance, Paybis is registered with regulatory authorities and implements industry-leading AML/KYC procedures. The platform is known for its intuitive interface, 24/7 customer support, and competitive exchange rates, making it a preferred choice for both beginners and experienced traders.
Wrapping Up
It’s clear that crypto will not slow down anytime soon. With major companies making bold plays and regulators finally giving the green light on key projects, 2025 is shaping up to be a huge year. Whether you’re an investor, a builder, or just curious, there’s never been a more exciting time to keep an eye on the space. Stay tuned for more updates next week!
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