Last week, Deputy Attorney General (DAG) Todd Blanche sent a memo to employees of the Department of Justice, directing the agency to stop prosecuting mixers, exchanges, and “offline wallets” for the criminal conduct of their users.

Understandably, the community broke out in celebration. Privacy is now legal again! Some proclaimed. #FreeSamourai! Others demanded. DOJ ends “regulation by prosecution”, media outlets headlined, referring to the memo’s title, as companies who had previously left the US due to regulatory uncertainty announced plans to return. This will change everything, appeared to be the general tenor.

But does the DAG’s memo actually change anything?…

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Binance has shifted from legal troubles to becoming a global crypto advisor. Once under intense scrutiny and fined over $4.3 billion in 2023 for regulatory violations the crypto giant is now working closely with several governments on building national Bitcoin reserves and shaping digital asset regulations.

Binance CEO Richard Teng confirmed that many countries and sovereign wealth funds have reached out for guidance on creating strategic crypto reserves. He also said Binance is helping nations draft frameworks to govern cryptocurrencies. While he did not name the countries he emphasized that global interest is growing fast especially with rising support from the United States.

As President Trump pushes for a national crypto stockpile other nations are racing to catch up. Teng highlighted that the U.S. remains far ahead in crypto preparedness. Binance’s transformation from enforcement target to trusted advisor marks a significant moment for the industry showing growing recognition of crypto’s role in future economies.

Financial Times

ProShares takes a bold step in the cryptocurrency space by filing for a futures-based Short XRP ETF with a targeted launch date of April 30 2025. This move signals a significant shift allowing investors to engage with XRP through futures without owning the actual tokens. Approval of this ETF could integrate XRP into regular brokerage accounts providing a straightforward and regulated investment avenue for both retail and institutional players.

The landscape for XRP is evolving with it leading in ETF filings among altcoins according to Kaiko research. With 10 active ETF applications XRP surpasses other popular altcoins like Solana Litecoin and Dogecoin in this regard. Its robust liquidity also enhances its appeal to the SEC for potential ETF approvals showcasing frequent trades near its market value which is crucial for regulatory acceptance.

Recent hints from crypto analyst John Squire about a potential Ripple versus SEC settlement could catalyze a significant upward trajectory for XRP. As ProShares and other firms like Bitwise 21 Shares and CoinShares rush to file their own XRP-based products the anticipation builds. The SEC’s upcoming decision could greatly influence XRP’s incorporation into mainstream finance escalating its visibility and credibility among traditional investors.

Filing

Bitcoin’s price trajectory is once again capturing headlines, and this time the catalyst appears to be global liquidity trends reshaping investor sentiment. In a recent comprehensive breakdown, Matt Crosby, Lead Analyst at Bitcoin Magazine Pro, presents compelling evidence tying the digital asset’s renewed bullish momentum to the expanding global M2 money supply. His insights not only illuminate the future of Bitcoin price but also anchor its macroeconomic relevance in a broader financial context.

Figure 1: Historically, Bitcoin bull markets have coincided with the accelerated expansion of global liquidity. View Live Chart Bitcoin Price and Global Liquidity: A High-Impact… Read more on BitcoinMagazine

In yet another milestone for Bitcoin adoption in Latin America, the Panama City Council has voted to approve the acceptance of Bitcoin and other digital currencies for municipal services, making it the first public institution in the country to do so.

The news was announced by Panama City Mayor Mayer Mizrachi on X (formerly Twitter), who stated:

“Panama City council has just voted in favor of becoming the first public institution of government to accept payments in Crypto. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, USDT.”

This decision sets Panama City on a more progressive path, enabling residents to interact…

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