Wu Shuo Daily Selected Crypto News - The Federal Reserve Withdraws Regulatory Guidance Related to Crypto Assets and USD Tokens

1. The Federal Reserve Withdraws Regulatory Guidance Related to Crypto Assets and USD Tokens

On April 24, 2025, the Federal Reserve Board announced the withdrawal of previous regulatory guidance concerning banks' crypto asset and USD token-related activities and adjusted related regulatory expectations. Specifically, this includes: withdrawing the 2022 supervisory letter requiring state member banks to notify in advance before conducting crypto asset activities, with future supervision to be conducted through routine regulatory processes; withdrawing the 2023 supervisory letter requiring banks to obtain non-objection for participating in USD token activities; and jointly exiting, with the Federal Deposit Insurance Corporation (FDIC), two crypto asset-related statements jointly issued with the Office of the Comptroller of the Currency (OCC) in 2023. The Federal Reserve indicated it will cooperate with relevant agencies to consider whether to issue new guidance to support innovation activities within the banking system as appropriate.

2. QCP: BTC Short-Term Fluctuates Between $90,000 and $94,500, Awaiting Catalyst for Breakthrough to $100,000

QCP Capital's analysis points out that President Trump paused his criticisms of Federal Reserve Chair Powell this week and committed to significantly lowering the 145% high tariffs on Chinese goods, improving market sentiment. Bitcoin responded by rising, once reaching $94,500 intraday, marking its fifth consecutive day of gains, and briefly surpassing Alphabet, Google's parent company, to become the world's fifth-largest asset. Institutions continue to increase holdings, further consolidating Bitcoin's market cap position. Active trading of $95,000 call options indicates market bets on further upside. Currently, market sentiment is overheated, with short-term fluctuations expected between $90,000 and $94,500 while awaiting a catalyst for breaking through the $100,000 mark.

3. OKX Star: OKX Payment Wallet to Launch Next Week

OKX CEO Star tweeted that the OKX Payment Wallet will launch next week, marking a necessary step towards popularizing cryptocurrency to one billion users.

4. Binance APP Launches Alpha Point Scoring System

The Binance APP has launched the Alpha Point scoring system, which assesses user activity within Binance Alpha and Binance Wallet to determine eligibility for participation in wallet TGE and Alpha token airdrop events. Binance Alpha points are calculated daily based on the total of users' asset balances in Binance CEX and Binance non-custodial wallet addresses, as well as the number of Alpha tokens purchased over the past 15 days. Currently, selling Alpha tokens does not contribute to Alpha points.

5. North Korean Hackers Establish US Shell Companies to Attack Crypto Industry

Members of the North Korean hacker group Lazarus Group have impersonated false identities to establish two shell companies in New Mexico and New York, USA — Blocknovas LLC and Softglide LLC — using fake recruitment to spread malware targeting cryptocurrency developers. Cybersecurity company Silent Push revealed that these companies lure victims with fake interviews to steal sensitive information such as crypto wallets and passwords, resulting in several developers being compromised. Silent Push described this as a rare case of "North Korean hackers registering legitimate companies in the US to conduct cyberattacks."