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slash DCR. What's

1:37

8 a .m. Eastern April 17th and

1:40

this is your daily crypto report Bitcoin

1:42

is up half a percent at eighty

1:44

four thousand seven hundred and thirty five

1:46

dollars ETH is up slightly at one

1:48

thousand five hundred and ninety six dollars

1:50

XRP is up half a percent at

1:52

two dollars and ten cents Fed chair

1:54

Jerome Powell said crypto rules for banks

1:56

could soon loosen speaking at the economic

1:58

club of Chicago He acknowledged past failures and

2:00

fraud in the space, but noted

2:02

the industry is becoming more mainstream He

2:04

said regulators had taken a conservative

2:06

approach, but now a to foster innovation

2:09

while keeping banks safe and consumers

2:11

protected. The FDIC plans to scrap old

2:13

crypto guidance and allow banks to

2:15

engage in crypto activities without prior approval.

2:17

Well, JP Morgan says gold is

2:19

seeing strong safe haven demand from both

2:21

ETF and futures investors while Bitcoin

2:23

is missing out. In a new report,

2:25

analysts noted that gold ETFs took

2:27

in $21 billion globally in the first

2:29

quarter of 2025. Futures buying has

2:32

also picked up. Meanwhile, Bitcoin has seen

2:34

three straight months of ETF outflows

2:36

and falling interest in futures, showing it's

2:38

not attracting the same flight to

2:40

safety behavior. Well, base caught heat after

2:42

promoting a token called Bases for

2:44

Everyone that surged to a $17 million

2:46

market cap then crashed. 95 % shortly

2:48

after launch. The crash was driven

2:50

by three wallets that held 47 %

2:52

of the supply and dumped their tokens,

2:55

earning around $666 ,000. The

2:57

token has since rebounded close to its

2:59

original value. Base said the token

3:01

was not official and was automatically minted

3:03

via a post on Zora, an

3:05

on -chain platform that converts posts into

3:07

tokens. Legal disclaimers noted there was no

3:10

affiliation with Base or Coinbase and

3:12

warned users not to expect profits. Critics

3:14

slammed the rollout as poorly communicated

3:16

and accused Base of misleading users, especially

3:18

given its ties to Coinbase. While

3:20

Panama City will now accept Bitcoin, Ether,

3:22

USDC and USDT for taxes, permits,

3:25

fines and fees, the city has partnered

3:27

with the bank to instantly convert

3:29

crypto to US dollars, avoiding the need

3:31

for new legislation. The US dollar

3:33

is already legal tender in Panama, so

3:35

this setup complies with national law.

3:37

And finally, Oradean raised $153 million in

3:40

a Series C to expand its

3:42

Bitcoin mining and AI infrastructure businesses. Oradean,

3:44

founded in 2022 and based in

3:46

California, is the only U .S.-based manufacturer

3:48

of American -engineered Bitcoin miners under the

3:50

Teraflux brand. It serves over 40 data

3:53

center operators and has an annualized

3:55

revenue -run rate of over $150 million. That's

3:58

all for us today. Visit

4:00

us at www .cryptoreport .io and listen

4:02

to us everywhere else you

4:04

podcast under Daily Crypto Report. If

4:10

you're feeling overwhelmed by the news

4:12

cycle, you are not alone. I'm Emma

4:15

Varvelukas and with Progress Network founder

4:17

Zachary Carabell, I host What Could Go

4:19

Right, a podcast that looks beyond

4:21

the headlines to uncover progress happening in

4:23

the world, even in difficult times.

4:25

Each week, we sit down with experts

4:27

to discuss today's biggest challenges without

4:30

ignoring the hard stuff. We bring

4:32

nuance, insight and a -looking perspective to

4:34

help make sense of the current moment.

4:37

Fight the urge to do your scroll. Tune

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in to Waka Go Right instead you get

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your podcasts. That finale of The

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Bachelor was ridiculous. Lest we forget this

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past season of Love Is Blind, I know,

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at least there's always sex in the

4:49

city to keep us warm and fuzzy at

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I'm Justine and I'm Natasha. See

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you every week on all podcast platforms.