CryptocurrencyWealth

The official SEC crypto roundtable announcement reveals Paul Atkins joining the April 25 conference focused on crypto custody & regulation.
After two successful SEC crypto roundtable meetings, the third one is set for tomorrow, April 25. Although the previous two discussions failed to bring any significant impact in the crypto industry and its status, the approaching one is anticipated to bring major changes, especially as Paul Atkins is set to attend, i.e., his first SEC crypto meeting. Here’s everything you need to know.
Paul Atkins to Speak At SEC Crypto Roundtable
The newly appointed SEC Chairman, Paul Atkins, will be setting the tone for the SEC crypto roundtable meeting with his opening remarks. The SEC crypto meeting is titled “Know Your Custodian: Key Considerations for Crypto Custody” and will take place on April 25, 2025, from 1:00 PM to 5:00 PM ET.

More importantly. It will be available to the public both in person and virtually, where the SEC Headquarters, Washington, D.C., is the location. For virtual, netizens can visit the SEC’s official YouTube channel and website.
As is clear from the title, the purpose of this SEC crypto meeting is to discuss crypto custody issues. Along with that, the participants and speakers will discuss regulatory challenges and the integration of digital assets in the traditional financial systems.
Although Paul Atkins will be speaking in the meeting, Hester Peirce and other SEC commissioners will lead the discussion.
Additionally, Mark Udeya is also joining the meeting. The official announcement reveals that he will present opening remarks along with Atkins, which is odd to many, as Atkins is officially the SEC Chairman.

#CryptoMarketCapBackTo$3T #dinnerwithtrump #SEC #CryptocurrencyWealth #TrendingTopic

😄😄Background Information on Kraken Exchange 😄😄
Kraken is one of the oldest and most reputable cryptocurrency exchanges in the world, founded in 2011 by Jesse Powell. Based in San Francisco, California, Kraken has built a strong reputation for its security measures, user-friendly interface, and a wide range of supported cryptocurrencies. The exchange offers various services, including spot trading, futures trading, margin trading, and staking, catering to both retail and institutional investors.
Kraken has consistently been at the forefront of the cryptocurrency industry, often being one of the first exchanges to list new tokens. It is known for its rigorous listing process, which includes thorough due diligence to ensure that the projects it supports are legitimate and have a solid foundation. This commitment to security and quality has made Kraken a trusted platform for many cryptocurrency enthusiasts.
Why Has Kraken Not Yet Listed Pi Network?
The Pi Network, launched in 2019 by a team of Stanford graduates, aims to create a user-friendly cryptocurrency that can be mined on mobile devices. The project has garnered significant attention, amassing millions of users who mine Pi coins through a mobile app. However, despite its popularity, Kraken has not yet listed Pi. Several potential reasons could explain this decision:
1. Regulatory Concerns: One of the primary reasons for Kraken's cautious approach to listing new cryptocurrencies is the regulatory landscape surrounding digital assets. The Pi Network has faced scrutiny regarding its business model and the legitimacy of its token. Kraken may be waiting for clearer regulatory guidance before listing Pi to avoid potential legal issues.
2. Project Maturity: Kraken typically favors projects that have demonstrated a certain level of maturity and stability. While Pi Network has a large user base, it is still in the development phase and has not yet launched its mainnet. Kraken may be waiting for the project to reach a more advanced stage before considering a listing.
3. Market Viability: The exchange may also be assessing the market viability of Pi. Given that the cryptocurrency market is highly competitive, Kraken may want to ensure that Pi has a solid use case and demand before listing it. If the project does not meet these criteria, Kraken may choose to hold off on a listing.
4. Technical Evaluation: Kraken conducts thorough technical evaluations of potential listings. This includes assessing the underlying technology, security features, and scalability of the project. If Pi Network has not yet provided sufficient technical documentation or if there are concerns about its technology, Kraken may delay the listing.
5. Community and Ecosystem Development: Kraken often looks for projects with a strong community and ecosystem. While Pi Network has a large user base, the actual utility and adoption of the token in real-world applications may still be in question. Kraken may prefer to wait until Pi demonstrates a more robust ecosystem before considering a listing.
📱Comparison with Binance and Coinbase📱
When comparing Kraken's approach to listing Pi with that of other major exchanges like Binance and Coinbase, several differences and similarities emerge.
Binance ♥️♥️♥️♥️
Binance is known for its aggressive listing strategy, often listing new tokens shortly after their initial launch. The exchange has a reputation for being more lenient in its listing criteria, which has allowed it to become one of the largest exchanges by trading volume. Binance has listed numerous tokens that are still in their early stages, which has attracted a wide range of projects seeking exposure.
However, this approach has also led to criticism regarding the quality of some listed projects. Binance has faced regulatory scrutiny in various jurisdictions, which has raised questions about its due diligence process. In contrast, Kraken's more cautious approach may provide a sense of security for users who prioritize project legitimacy.
Coinbase 🤞🤞
Coinbase, on the other hand, has a more selective listing process similar to Kraken. The exchange focuses on regulatory compliance and often waits for projects to demonstrate a certain level of maturity before listing them. Coinbase has also faced criticism for its slow listing process, which can lead to missed opportunities for both the exchange and the projects seeking to be listed.
In the case of Pi Network, Coinbase has not yet listed the token either, indicating that both Kraken and Coinbase share a similar cautious approach. However, Coinbase has a more established reputation in the U.S. market, which may influence its decision-making process regarding new listings.
Finally ‼️‼️
In summary, Kraken's decision not to list Pi Network can be attributed to several factors, including regulatory concerns, project maturity, market viability, technical evaluation, and community development. While Binance takes a more aggressive approach to listings, Kraken and Coinbase prioritize due diligence and regulatory compliance. This difference in strategy highlights the varying philosophies among cryptocurrency exchanges regarding the balance between innovation and security. As the cryptocurrency landscape continues to evolve, it will be interesting to see how these exchanges adapt their listing strategies and whether Pi Network will eventually find a home on Kraken or other major platforms.
By Meshack Bwoyele Keya
Author, Blogger and Crypto Enthusiast
Kenya
#CryptocurrencyWealth
$ETH

The cryptocurrency market experienced a notable downturn, with total market capitalization dipping below the $3 trillion mark after a 3.5% drop in the past 24 hours. This correction comes amid fresh speculation that President Donald Trump may lower tariffs on China—a move that has prompted investors to rotate funds back into traditional U.S. equities.
Bitcoin Faces $95K Wall Despite Strong ETF Inflows
Bitcoin attempted to break past the $95,000 resistance level but was rejected, now trading around $93,582. This comes even as U.S.-based Bitcoin ETFs saw a record-breaking $917 million in net inflows on Wednesday, pushing total inflows to over $1.4 billion in just three days. However, without new catalysts, analysts believe BTC may struggle to maintain upward momentum, especially if stock markets continue to rebound.
Altcoins Diverge: SUI and Trump Token Stand Out
In contrast to the broader market, a few altcoins showed strength:
SUI posted a modest gain of 3%, trading at approximately $3.28.
The Official Trump Token surged an impressive 31.7%, reaching $12.39 in value.
Despite these gains, most altcoins have followed Bitcoin's lead in declining, as investors seek refuge in more stable assets.
Stablecoin Demand Rises
Stablecoins like USDT and USDC maintained their pegs, trading at $1.00 and $0.9999, respectively. The growing volume in stablecoins suggests a cautious market sentiment, with many traders opting for safety amid economic uncertainty.
Key Headlines Impacting Sentiment
Crypto Scams Surge: The FBI reports that elderly Americans lost $2.8 billion to crypto-related fraud in 2024, contributing to a total of $9.3 billion in scam losses.
Web3 Investment Activity: Venture capital firm RockawayX has launched a $125 million fund targeting startups building on Solana, signaling continued institutional interest in Web3.
Hack Recovery: ZKsync successfully recovered $5 million in stolen tokens after the attacker accepted a 10% bounty deal, showcasing the growing effectiveness of blockchain-based security measures.
As global economic dynamics shift and traditional financial markets regain attention, the crypto sector appears to be entering a cautious phase. However, select tokens and sectors continue to draw investment, keeping the space dynamic and full of opportunity.
#CryptocurrencyWealth #Web3 #USDT