Governments Quietly Build Bitcoin Reserves With Binance's Help

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📈 Preview On Today’s News:

1. - Governments Quietly Build Bitcoin Reserves With Binance's Help

2. - Dark Web Ties Force Crypto Exchange eXch Into Sudden Shutdown

3. - Frozen Funds, Digital Walls: Russia's Bold Push for a Homegrown Stablecoin

Keep reading below for more!

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Today’s News:

1)

Governments Quietly Build Bitcoin Reserves With Binance's Help

Binance CEO Richard Teng has revealed that multiple governments and sovereign wealth funds have approached the crypto exchange to explore the creation of national crypto reserves, particularly in Bitcoin. Speaking with the Financial Times, Teng highlighted Binance’s ongoing collaboration with several countries to craft crypto regulatory frameworks and support strategic reserve development. Although specific nations were not named, Teng confirmed these initiatives are global and align with a broader pro-crypto shift that accelerated in late 2024. Notably, the U.S.—under the reinstated Trump administration—has taken a leading role, ordering the formation of a national Bitcoin reserve in March 2025, which may be prompting other nations to follow suit.

• Binance is advising several unnamed governments and sovereign wealth funds on forming national crypto reserves and regulatory frameworks.

• The U.S. leads the charge, having launched its own Bitcoin reserve strategy, potentially triggering global momentum in sovereign crypto adoption.

2)

Dark Web Ties Force Crypto Exchange eXch Into Sudden Shutdown

Cryptocurrency exchange eXch will permanently shut down on May 1, following serious allegations of laundering $35 million linked to the North Korean Lazarus Group and the historic $1.5 billion Bybit hack. The platform initially denied its involvement but later admitted to processing a small fraction of the stolen funds. Citing increasing global pressure, ongoing surveillance, and a misinterpretation of its privacy-focused mission, eXch stated it could no longer operate in what it called a hostile regulatory environment. Meanwhile, Bybit has nearly fully recovered, regaining its pre-hack market share and freezing a significant portion of the stolen assets, aided by a $2 million bounty program. In a parallel development, Fed Chair Jerome Powell signaled a shift toward softer crypto regulation, suggesting that digital assets are becoming a recognized part of the mainstream financial system.

• Crypto exchange eXch will shut down May 1 after being implicated in laundering $35M from the Bybit hack, tied to North Korea’s Lazarus Group.

• Bybit has largely recovered, freezing 89% of the stolen funds, while U.S. regulators hint at easing crypto rules as the industry matures.

3)

Frozen Funds, Digital Walls: Russia's Bold Push for a Homegrown Stablecoin

After $27 million in Tether (USDT) linked to sanctioned Russian exchange Garantex was frozen by Tether and U.S. authorities, Russia is fast-tracking plans to launch its own national stablecoin. Officials argue that relying on foreign stablecoins has become a liability, especially under increasing Western sanctions. The freeze has exposed vulnerabilities in using U.S.-linked digital assets for international trade, prompting discussions on issuing a ruble-backed alternative and recognizing crypto as legal property. Despite domestic crypto resistance, Russia is testing blockchain-based payments for cross-border transactions under a legal experiment, signaling a shift toward greater digital financial independence.

• $27M in USDT tied to Garantex was frozen in a multi-nation crackdown, intensifying Russia’s distrust of foreign stablecoins.

• Russia is exploring a domestic stablecoin and legal reforms as part of a strategy to bypass sanctions and reclaim financial sovereignty.

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