SpaceCatch Kurs CATCH

In a huge regulatory development, the U.S. Securities and Exchange Commission ( SEC ) announced on April 4 that "covered" stablecoins — those fully backed by U.S. dollars and easily convertible to fiat — are not considered securities under U.S. law. That means top-dollar-backed tokens like USDT ( Tether ) and USDC ( Circle ) are finally getting some legal breathing room. The SEC defines covered stablecoins as digital tokens that are: In short: they function like digital dollars. And the SEC now says if you're minting or redeeming these types of stablecoins, you don’t need to register with them — because these tokens aren’t securities in their eyes. There’s a catch. While dollar-backed stablecoins got the green light, the SEC pointedly did not extend this clarity to algorithmic stablecoins — those backed by code and economic mechanisms rather than dollars. Think: the now-infamous TerraUSD (UST) that collapsed in 2022 and wiped nearly $45 billion from the market. That silence speaks volumes. It looks like algorithmic stablecoins are still in regulatory limbo, and may face stricter scrutiny moving forward. This isn’t just a one-off announcement. It aligns perfectly with several bills currently circulating in the U.S. Senate, including the GENIUS Stablecoin Bill and the Stable Act of 2025. Both aim to create a clear legal framework around stablecoins and preserve the U.S. dollar’s role as the global reserve currency. Under these bills, big-name stablecoin issuers like Tether and Circle would fall under Federal Reserve oversight, ensuring their dollar reserves are held in regulated banks and short-term Treasuries. With USDT now sitting as the world’s third-largest crypto and dominating the stablecoin market with over $144 billion in market cap, the timing of this SEC clarification is anything but random. The SEC’s new stance on dollar-backed stablecoins is a major win for the U.S. crypto sector. It signals a shift toward clearer regulations, something the industry has been begging for. With legal clarity comes more innovation, institutional involvement, and consumer trust. And with the U.S. potentially creating a stablecoin-friendly framework, the country could finally catch up in the global digital asset race. In a huge regulatory development, the U.S. Securities and Exchange Commission ( SEC ) announced on April 4 that "covered" stablecoins — those fully backed by U.S. dollars and easily convertible to fiat — are not considered securities under U.S. law. That means top-dollar-backed tokens like USDT ( Tether ) and USDC ( Circle ) are finally getting some legal breathing room. The SEC defines covered stablecoins as digital tokens that are: In short: they function like digital dollars. And the SEC now says if you're minting or redeeming these types of stablecoins, you don’t need to register with them — because these tokens aren’t securities in their eyes. There’s a catch. While dollar-backed stablecoins got the green light, the SEC pointedly did not extend this clarity to algorithmic stablecoins — those backed by code and economic mechanisms rather than dollars. Think: the now-infamous TerraUSD (UST) that collapsed in 2022 and wiped nearly $45 billion from the market. That silence speaks volumes. It looks like algorithmic stablecoins are still in regulatory limbo, and may face stricter scrutiny moving forward. This isn’t just a one-off announcement. It aligns perfectly with several bills currently circulating in the U.S. Senate, including the GENIUS Stablecoin Bill and the Stable Act of 2025. Both aim to create a clear legal framework around stablecoins and preserve the U.S. dollar’s role as the global reserve currency. Under these bills, big-name stablecoin issuers like Tether and Circle would fall under Federal Reserve oversight, ensuring their dollar reserves are held in regulated banks and short-term Treasuries. With USDT now sitting as the world’s third-largest crypto and dominating the stablecoin market with over $144 billion in market cap, the timing of this SEC clarification is anything but random. The SEC’s new stance on dollar-backed stablecoins is a major win for the U.S. crypto sector. It signals a shift toward clearer regulations, something the industry has been begging for. With legal clarity comes more innovation, institutional involvement, and consumer trust. And with the U.S. potentially creating a stablecoin-friendly framework, the country could finally catch up in the global digital asset race.

Oak Security’s Jan Philipp Fritsche says Web3 needs to stop ignoring basic OPSEC hygiene, especially as state-sponsored threats rise. As North Korea’s “ClickFake” campaign draws renewed attention to cyberattacks on crypto firms, security experts say Web3’s biggest vulnerability isn’t smart contracts — it’s people. Jan Philipp Fritsche, Managing Director at Oak Security, argued in a note to crypto.news that most blockchain projects lack even the most basic operational security standards . Fritsche, a former European Central Bank analyst who now advises and audits protocols says the real risk lies in how teams manage devices, permissions, and production access. “The ClickFake campaign shows just how easily teams can be compromised,” Fritsche said in a note. “Web3 projects have to assume that most of your employees are exposed to cyber threats outside their work environment.” For background, North Korea’s Lazarus Group is using a cyber campaign called “ClickFake Interview” targeting cryptocurrency professionals. The group posed as recruiters on LinkedIn and X, luring victims into fake interviews to distribute malware. The malware, named “ClickFix,” gave attackers remote access to steal sensitive data like crypto wallet credentials. Researchers said Lazarus used realistic documents and full interview conversations to enhance credibility. Most DAOs and early-stage teams still rely on personal devices — often used for both development and Discord chatting — which leaves them exposed to nation-state level attackers. Unlike traditional enterprises, many DAOs have no way to enforce security standards. “There’s no way to enforce security hygiene,” Fritsche said. “Too many teams, especially smaller ones, ignore this and hope for the best.” Fritsche says even the assumption that a device is clean may be flawed. For high-value projects, that means developers should never have the ability to push changes to production unilaterally. “Company-issued devices with limited privileges are a good start,” Fritsche said. “But you also need fail-safes—no single user should have that kind of control.” The lesson from traditional finance? Every risk is assumed to be real until proven otherwise. “In TradFi, you need a keycard just to check your inbox,” Fritsche said. “That standard exists for a reason. Web3 needs to catch up.”

As global markets reel from the United States’ sweeping reciprocal tariff announcements, analysts at Nansen have issued a note urging caution. Their view: don’t fight the market tape. Instead, investors should wait for clarity on trade negotiations , labor market data, and the Federal Reserve’s next moves before repositioning. The note, shared with crypto.news, comes after President Trump introduced aggressive new tariff rates — starting at a baseline of 10% and rising sharply for countries like China, Japan, and Vietnam. Some effective rates may approach 50% once exemptions are factored in. Implementation begins as early as April 5. Markets responded swiftly. U.S. small caps led a broad equity sell-off , crypto weakened, and the U.S. dollar declined against major currencies. The yield curve bull-flattened, signaling growing recession fears. Nansen believes markets are now pricing in a stagflationary scenario — stagnant growth combined with inflationary pressures. “Now is probably the worst of the tariff uncertainty, at the same time,the negotiation is likely to linger: these are a lot of countries with often complex economic topics at stake,” Nansen Principal Research Analyst Aurelie Barthere wrote in the note. While countries like Canada and Mexico appear to be spared from new tariffs — thanks to USMCA protections — major Asian exporters and parts of the Eurozone face steep trade barriers . Yet, few governments are signaling retaliation. Japan has opted for negotiations and fiscal support for exporters, while the Eurozone has opened dialogue on topics ranging from digital taxes to LNG imports. On the domestic front, macro data paints a murky picture. ISM manufacturing and services data point to a borderline expansion, while a spike in the manufacturing price index raises inflation concerns . ADP employment data showed modest strength, but layoffs in auto, retail, and tech sectors remain a red flag. Markets are currently pricing in 3–4 rate cuts by the end of 2025, but any deviation from that outlook could trigger further volatility. Crypto is not immune. Bitcoin ( BTC ) and Ethereum ( ETH ) charts show weakening momentum, with potential “death crosses” ahead. Solana ( SOL ) has already breached key weekly support levels. “This isn’t the moment to catch falling knives,” the report cautions. In Nansen’s view, it’s time to stay on the sidelines until a more favorable macro and policy environment emerges. “Don’t fight the tape,” the note emphasizes. “Patience is a virtue.”

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The co-founder of BitMEX, Arthur Hayes, makes a bold prediction: the price of Bitcoin could surpass $250,000 by the end of 2025. This analysis is based on recent adjustments to monetary policy that could spur strong demand for the leading cryptocurrency. Arthur Hayes’ recent analysis is sure to catch the attention of many crypto market observers. According to him, the BTC price could reach $250,000 by the end of 2025 if the FED decides to pivot towards a quantitative easing (QE) policy. Specifically, Hayes bases this crypto prediction on the idea that the value of Bitcoin is heavily influenced by market expectations regarding the future supply of fiat currency. Analysis: If the FED increases the supply of dollars by adopting QE, demand for alternative assets like Bitcoin could rise due to the perceived devaluation of traditional currency. The latest actions by the FED are already showing signs of such a pivot. On April 1, it reduced the capacity for Treasury bond reductions from $25 billion to only $5 billion per month. According to Hayes, this decision marks the beginning of a bullish cycle for crypto assets. Having reached a local low of $76,500 last month, Bitcoin could indeed start its surge towards $250,000. Not all expert crypto analysts share Arthur Hayes’ optimistic vision . Jamie Coutts from Real Vision estimates, for example, that Bitcoin would hit a peak of $132,000 by the end of 2025. These projections are more conservative. They take into account current market trends, suggesting a less drastic impact of monetary policy on BTC’s price. But that’s not all! According to data from Polymarket , only 9% of traders are betting on a Bitcoin at $250,000. The majority (at 60%) believe that the price of the flagship cryptocurrency will stabilize around $110,000 in 2025. This sentiment reflects hesitation about the extent of the expected rally for BTC. While Hayes’ prediction is ambitious, it highlights the importance of monetary policy in determining the price of Bitcoin. Investors will need to closely monitor the FED’s decisions as well as the evolution of the global economy. These could redefine the trajectories of cryptocurrencies in the long term.