Sabtu, 19 April 2025

BTC dips on factory data; China’s crypto campus scandal


Bitcoin faces short-term pressure as US manufacturing slumps; Chinese exchanges accused of targeting students with risky trading schemes.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

😟 BTC walks the line

👀 China's crypto campus scandal

👩‍⚖️ Oregon's coming in hot for Coinbase

📰 Keep reading for today's biggest headlines

Bitcoin Slips on Weak Manufacturing Data

The Philadelphia Fed just posted its weakest manufacturing data since 2020 — and markets are spooked.

Analysts say the drop in U.S. factory activity puts "short-term pressure" on Bitcoin, especially as macro jitters linger. Bitunix researchers say BTC could stage a comeback if it holds the $83K line — but it's a tightrope walk from here.

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China's Crypto Campus Scandal Explodes

This one's messy. Chinese students are being lured into leveraged crypto trading schemes by major exchanges handing out trial funds that can't be withdrawn—only gambled. Screenshots of big wins are reportedly rewarded with more money.

ETHPanda's Bruce Xu is calling it what it is: "grooming the next generation of gambling degens."

BlockBeats is urging all exchanges to shut it down before it becomes crypto's version of the country's infamous "naked loan" era.

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Coinbase Wins the Federal Fight—But Oregon's Coming In Hot

Just when Coinbase thought it was out, the state of Oregon pulled it back in.

Despite the SEC dropping its federal lawsuit, Oregon AG Dan Rayfield is now planning to sue the exchange over—you guessed it—allegedly selling unregistered securities. Coinbase's legal chief Paul Grewal says it's a copy-paste of the SEC's old case. So while the feds are easing up, the state-level battle is just getting started.

The Clear Crypto Podcast · Episode

Crypto payments future: Self-custody and mass adoption

"Could Quantum Computers Unmask Satoshi?" – Adam Back Weighs In

At the "Satoshi Spritz" event in Turin, Bitcoin OG Adam Back dropped a bold take: quantum computing might be the thing that finally reveals whether Satoshi Nakamoto is still alive.

As quantum machines inch closer to breaking traditional cryptographic signatures, Back says Bitcoin holders—including Satoshi—will eventually need to move funds to quantum-resistant addresses. If those legendary early wallets suddenly shift? That's a signal Satoshi's not just a ghost in the machine.

REVIEW

Ledger Nano S Plus: Your Crypto, Actually Safe

With hacks ramping up again—$2.2B in crypto stolen just in 2024—the Ledger Nano S Plus has reentered the chat. It's the best-selling hardware wallet for a reason. Cold storage, no internet exposure, and a solid upgrade over the original Nano S. We tested it—and in this kind of market?