Cryptocurrency news april 29 2025
BALTIMORE — Bad actors are seeking cryptocurrency in almost every scheme tracked by the FBI. From fraudulent investments to tech support and romance scams, and most recently, a surge in employment scams https://how2cryptos.com/category/cryptocurrencies/. And as Bitcoin reaches record highs, Special Agent David Paniwozik with FBI Baltimore sees more people wanting to capitalize on cryptocurrency.
“There is no cap on whether you want to move $1 to hundreds of millions or billions of dollars. You can just seamlessly move that from a wallet controlled in the United States to a wallet controlled overseas, in, you know, a matter of seconds,” SA Paniwozik warned.
“Let’s say it’s a certain exchange that paid into this wallet, we can then serve legal processes to say, hey, can you give us a list of all user accounts that paid into this address and possibly contact those victims live and say, hey, you’re currently being the victim of one of these scams,” SA Paniwozik detailed.
SA Paniwozik has seen a huge spike in reports of employment scams involving cryptocurrency. Reported losses in Maryland went from $32,033 in 2023 to $3.8 million between January and October of this year.
From Bitcoin and Ethereum to an ever-growing list of altcoins, cryptocurrencies have taken a new generation of investors around the world by storm. Fast-moving and volatile, this industry keeps participants, observers, and regulators on their toes. As mainstream companies explore cryptocurrencies and blockchain technologies for new markets — or even to build them within virtual worlds — the crypto space is in a rapid state of evolution.
Sec cryptocurrency news
Meanwhile, legislation winding through Congress would give the Commodity Futures Trading Commission jurisdiction to police crypto alongside the SEC, complicating an already fraught duality of enforcement approaches from the agencies.
“If the CFTC is given significant responsibilities for the digital asset market, then that will obviously shift what they have to do,” said Timothy Massad, who led the agency under the Obama administration and is now a research fellow at Harvard University’s Kennedy School of Government. “I worry very much that they won’t have sufficient resources.”
And that seems to be working: A huge array of big companies are rushing to explore blockchain projects. On Thursday, J.P. Morgan announced that it will be partnering with Coinbase to allow crypto purchases via clients’ Chase credit cards, and Bank of America CEO Brian Moynihan said earlier this month that the bank is planning on launching a stablecoin.
Meanwhile, legislation winding through Congress would give the Commodity Futures Trading Commission jurisdiction to police crypto alongside the SEC, complicating an already fraught duality of enforcement approaches from the agencies.
“If the CFTC is given significant responsibilities for the digital asset market, then that will obviously shift what they have to do,” said Timothy Massad, who led the agency under the Obama administration and is now a research fellow at Harvard University’s Kennedy School of Government. “I worry very much that they won’t have sufficient resources.”
Cryptocurrency market news may 2025
Market participants’ outlook on the macro environment has notably improved compared to April. This shift was driven by the U.S. stepping back from its previously aggressive tariff agenda in favor of a more moderate approach, largely due to growing concerns over a potential recession and a weakening stock market. The move reassured investors that the U.S. administration is mindful of the importance of the S&P 500 and is reluctant to allow a significant decline in the index. As a result, the S&P 500 continued its upward trend from April, recovering losses from the first quarter.
Bitcoin remains correlated with the S&P 500 but continues to outperform it. This is largely due to growing institutional demand and a broader shift in perception: Bitcoin is increasingly being viewed not merely as a speculative asset but as a legitimate store of value in the face of macroeconomic volatility.
In May 2025, Bitcoin rose by 11.1% to a new all-time high of $111,784, largely due to increased institutional accumulation from major players like BlackRock and U.S. states. Ethereum underwent an important Pectra upgrade, but the ETH token remains below its previous highs. May 2025 demonstrated that institutional adoption is increasing, technical upgrades are strengthening networks, and the sector is becoming more intertwined with traditional finance and politics.
Market participants’ outlook on the macro environment has notably improved compared to April. This shift was driven by the U.S. stepping back from its previously aggressive tariff agenda in favor of a more moderate approach, largely due to growing concerns over a potential recession and a weakening stock market. The move reassured investors that the U.S. administration is mindful of the importance of the S&P 500 and is reluctant to allow a significant decline in the index. As a result, the S&P 500 continued its upward trend from April, recovering losses from the first quarter.
Bitcoin remains correlated with the S&P 500 but continues to outperform it. This is largely due to growing institutional demand and a broader shift in perception: Bitcoin is increasingly being viewed not merely as a speculative asset but as a legitimate store of value in the face of macroeconomic volatility.
In May 2025, Bitcoin rose by 11.1% to a new all-time high of $111,784, largely due to increased institutional accumulation from major players like BlackRock and U.S. states. Ethereum underwent an important Pectra upgrade, but the ETH token remains below its previous highs. May 2025 demonstrated that institutional adoption is increasing, technical upgrades are strengthening networks, and the sector is becoming more intertwined with traditional finance and politics.
