Banks have about a decade left unless they catch up with blockchain, Eric Trump warned during a stop in Dubai, calling the traditional financial system slow, expensive, and on its way out. During his visit to Dubai, Eric Trump warned&#8230;

Banks have about a decade left unless they catch up with blockchain, Eric Trump warned during a stop in Dubai, calling the traditional financial system slow, expensive, and on its way out. During his visit to Dubai, Eric Trump warned…

Eric Trump cautioned that traditional banks risk becoming obsolete within a decade if they fail to adopt blockchain technology, criticizing the current financial system as slow and costly during a speech in Dubai.  

Eric Trump warns banks to adapt or face extinction as blockchain overtakes legacy finance

Bloomberg analysts have projected 75% to 90% approval chances for the key exchange-traded fund applications currently under review, but mounting delays from the SEC are pushing final decisions further into 2025. Bloomberg analysts Eric Balchunas and James Seyffart have recently&#8230;

Bloomberg analysts have projected 75% to 90% approval chances for the key exchange-traded fund applications currently under review, but mounting delays from the SEC are pushing final decisions further into 2025. Bloomberg analysts Eric Balchunas and James Seyffart have recently…

Analysts predict a high likelihood (75%-90%) of approval for pending cryptocurrency ETFs, but ongoing delays by the SEC are extending the timeline for final decisions into 2025.  

Analysts project high approval odds for pending crypto ETFs as SEC delays mount

<img width="768" height="432" src="https://static.news.bitcoin.com/wp-content/uploads/2025/04/bitcoin-suit-768x432.jpg" class="attachment-medium_large size-medium_large wp-post-image" alt="Sygnum Reports 400% Surge in Institutional Demand for Crypto-TradFi Integration" decoding="async" style="float:left; margin:0 15px 15px 0;" srcset="https://static.news.bitcoin.com/wp-content/uploads/2025/04/bitcoin-suit-300x169.jpg 300w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/bitcoin-suit-1024x576.jpg 1024w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/bitcoin-suit-768x432.jpg 768w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/bitcoin-suit-190x107.jpg 190w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/bitcoin-suit-380x214.jpg 380w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/bitcoin-suit-760x428.jpg 760w, https://static.news.bitcoin.com/wp-content/uploads/2025/04/bitcoin-suit.jpg 1280w" sizes="(max-width: 768px) 100vw, 768px" />Sygnum, a Zurich-based digital asset banking group, revealed a 400% average annual growth in traditional securities trading volume on its blockchain-based DLT Treasury Management system since 2020, alongside a doubling of institutional clients trading these assets over the past year. This surge, amplified by recent U.S. regulatory shifts—such as the Federal Reserve’s decision to ease [&#8230;]

Sygnum, a Zurich-based digital asset banking group, revealed a 400% average annual growth in traditional securities trading volume on its blockchain-based DLT Treasury Management system since 2020, alongside a doubling of institutional clients trading these assets over the past year. This surge, amplified by recent U.S. regulatory shifts—such as the Federal Reserve’s decision to ease […]

Sygnum, a Zurich-based digital asset banking group, has reported a 400% average annual growth in traditional securities trading volume on its blockchain-based DLT Treasury Management system since 2020, alongside a doubling of institutional clients over the past year. This growth is attributed to increasing institutional demand for crypto-TradFi integration and recent U.S. regulatory changes, including the Federal Reserve's easing of certain restrictions.  

Sygnum Reports 400% Surge in Institutional Demand for Crypto-TradFi Integration

<img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njg2OGUtYzY4Ni03OGJjLTljZDctMGE0M2RlNzg4ZTBh.jpg"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njg2OGUtYzY4Ni03OGJjLTljZDctMGE0M2RlNzg4ZTBh.jpg" alt="FIFA shifts NFT platform to new Ethereum-compatible blockchain">The Federation Internationale de Football Association (FIFA) plans to launch a new blockchain network to support its non-fungible token (NFT) collectibles, the organization announced on April 30.FIFA will <a data-ct-non-breakable="null" href="https://collect.fifa.com/migration-faq?referrer=walix" rel="nofollow noopener" target="_blank" text="null" title="https://collect.fifa.com/migration-faq?referrer=walix">launch</a> its &ldquo;FIFA Blockchain,&rdquo; with Ethereum Virtual Machine (EVM) compatibility and aims to provide &ldquo;better performance, future features, and improved scalability.&rdquo;As part of the move, FIFA Collect&mdash;its official NFT collection&mdash;will migrate from the Algorand blockchain to the new FIFA Blockchain. The migration is scheduled to begin no earlier than May 20, FIFA said. <figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01968693-fcc0-7515-a086-5c01dbf99d88" title="" alt="FIFA shifts NFT platform to new Ethereum-compatible blockchain"><figcaption style="text-align: center;">FIFA announces new blockchain for FIFA collection migration. Source: collect.fifa.com </figcaption></figure>&ldquo;At this stage, no immediate action is required. When the migration process begins, we will provide clear, step-by-step instructions on what (if anything) you need to do,&rdquo; the announcement stated.The collection&rsquo;s migration will take place &ldquo;not earlier than&rdquo; May 20, 2025, FIFA said, adding that it will confirm the exact date and provide clear instructions for NFT holders.Following the migration, external Algorand-based wallets such as Pera and Defly will no longer be supported. Instead, users will be able to connect to FIFA Collect via MetaMask or other EVM wallets that support WalletConnect.Other listed collectibles will be automatically listed on the new platform, unless users delist them before the migration date.This is a developing story, and further information will be added as it becomes available.Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-volatility-563-day-low-hayes-predicts-1-m-btc-2028" rel="null" target="null" text="null" title="null">Bitcoin volatility lowest in 563 days, Hayes predicts $1M BTC by 2028</a><template data-name="subscription_form" data-type="defi_newsletter" label="Subscription Form: DeFi Newsletter"></template>

The Federation Internationale de Football Association (FIFA) plans to launch a new blockchain network to support its non-fungible token (NFT) collectibles, the organization announced on April 30.
FIFA will launch its “FIFA Blockchain,” with Ethereum Virtual Machine (EVM) compatibility and aims to provide “better performance, future features, and improved scalability.”
As part of the move, FIFA Collect—its official NFT collection—will migrate from the Algorand blockchain to the new FIFA Blockchain. The migration is scheduled to begin no earlier than May 20, FIFA said.  
FIFA announces new blockchain for FIFA collection migration. Source: collect.fifa.com

“At this stage, no immediate action is required. When the migration process begins, we will provide clear, step-by-step instructions on what (if anything) you need to do,” the announcement stated.
The collection’s migration will take place “not earlier than” May 20, 2025, FIFA said, adding that it will confirm the exact date and provide clear instructions for NFT holders.
Following the migration, external Algorand-based wallets such as Pera and Defly will no longer be supported. Instead, users will be able to connect to FIFA Collect via MetaMask or other EVM wallets that support WalletConnect.
Other listed collectibles will be automatically listed on the new platform, unless users delist them before the migration date.
This is a developing story, and further information will be added as it becomes available.
Related: Bitcoin volatility lowest in 563 days, Hayes predicts $1M BTC by 2028

FIFA is transitioning its NFT platform, FIFA Collect, from the Algorand blockchain to its newly announced "FIFA Blockchain," an Ethereum-compatible network designed to enhance performance, scalability, and future features.  

FIFA shifts NFT platform to new Ethereum-compatible blockchain

After months of downward pressure, Ethereum (ETH) may finally be poised for its next major move upward. The second-largest cryptocurrency by market capitalization appears set to benefit from several bullish trends &#8211; ranging from technical setups to improving institutional demand &#8211; that could propel it toward the psychologically significant $2,000 mark. Ethereum Heading To $2,000?  [&#8230;]

After months of downward pressure, Ethereum (ETH) may finally be poised for its next major move upward. The second-largest cryptocurrency by market capitalization appears set to benefit from several bullish trends – ranging from technical setups to improving institutional demand – that could propel it toward the psychologically significant $2,000 mark. Ethereum Heading To $2,000?  […]

Ethereum (ETH) is showing signs of a potential breakout after months of decline, with bullish technical indicators and growing institutional interest suggesting a possible rally toward the $2,000 mark.  

Is A $2,000 Ethereum Rally Imminent? Market Trends Hint At Possible Breakout

<img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjNmOWEtZTRhYi03ZTkzLTlhN2MtMWNiMDBjYjQzYWYx.jpg"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjNmOWEtZTRhYi03ZTkzLTlhN2MtMWNiMDBjYjQzYWYx.jpg" alt="Vanar Chain tackles AWS-style outages with AI-powered data storage">Vanar Chain, a layer-1 blockchain network, has launched a new artificial intelligence-powered compression and data authentication layer designed to address the industry&rsquo;s longstanding issue with onchain storage.Vanar Chain is launching Neutron, an <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/ai" rel="null" target="null" text="null" title="null">AI-native</a> blockchain layer with data compression ratios of up to 500:1, which can reduce a standard 25 megabyte file to just 50 kilobytes, transforming it into a &ldquo;Neutron Seed&rdquo; that can be stored on the blockchain ledger.The new blockchain compression layer aims to solve the industry&rsquo;s data storage issue, with traditional blockchains lacking the capacity to store data, only to reference it.This design introduces potential single points of failure. Vanar's Neutron aims to solve this by enabling fully onchain, verifiable data storage.Neutron is a &ldquo;world first&rdquo; which &ldquo;handles both physical file compression and semantic compression, meaning it compresses not just the file itself but the meaning inside it,&rdquo; Jawad Ashraf, CEO of Vanar Chain, told Cointelegraph:<blockquote>&ldquo;This unlocks entirely new possibilities: from simply storing a file fully on-chain without relying on third parties, to querying and verifying the actual information inside the file.&rdquo;</blockquote>&ldquo;It finally delivers on one of blockchain&rsquo;s biggest promises: trustless, verifiable data, made truly accessible,&rdquo; he added.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/0196862e-7a76-78e0-93ba-d85a521d1934" title="" alt="Vanar Chain tackles AWS-style outages with AI-powered data storage"><figcaption style="text-align: center;">Vanar introduces Neutron. Source: Vanar Chain</figcaption></figure>Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bunq-europe-second-largest-neobank-expands-crypto" rel="null" target="null" text="null" title="null">Bunq, Europe&rsquo;s second-largest neobank, expands into crypto</a>&ldquo;For solutions like Nuklai&rsquo;s Nexus, this is an important evolution,&rdquo; according to Matthijs de Vries, CEO of Nuklai, a blockchain layer 1 and collaborative data marketplace for AI development and <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/large-language-models" rel="null" target="null" text="null" title="null">large language models</a>.&ldquo;It enables us to work directly with fully onchain, trustless data streams, minimizing external dependencies and unlocking much deeper, verifiable intelligence extraction,&rdquo; de Vries added.The Neutron launch follows several high-profile incidents highlighting risks in centralized infrastructure.<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/binance-kucoin-mexc-aws-outage-crypto-service-issues" rel="" target="_self" text="null" title="https://cointelegraph.com/news/binance-kucoin-mexc-aws-outage-crypto-service-issues"> On April 15, a major outage at Amazon Web Services (AWS</a>) disrupted operations at major <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/centralized-vs-decentralized-crypto-exchanges" rel="" target="_self" text="null" title="https://cointelegraph.com/learn/articles/centralized-vs-decentralized-crypto-exchanges">centralized exchanges</a>, including Binance, KuCoin and MEXC. Just days later, on April 24, over 20,000 CloneX NFTs created by RTFKT Studios temporarily disappeared due to what was believed to be a Cloudflare-related issue.<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/nike-class-suit-over-shutdown-nft-platform-rtfkt" rel="null" target="null" text="null" title="null">Nike was hit</a> by a class-action lawsuit of $5 million on April 25 after a group of RTFKT users led by Jagdeep Cheema claimed that they suffered &ldquo;significant damages&rdquo; as a result of Nike touting its <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/what-are-nfts-and-why-are-they-revolutionizing-the-art-world" rel="null" target="null" text="null" title="null">sneaker-themed NFTs</a> to gain investors before shuttering the platform.Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-treasury-firms-front-running-200-t-hyperbitcoinization-adam-back" rel="null" target="null" text="null" title="null">Bitcoin treasury firms driving $200T hyperbitcoinization &mdash; Adam Back</a><h2>Onchain storage can address centralized vulnerabilities</h2>Vanar&rsquo;s new blockchain storage solutions can address the centralization vulnerabilities of the industry, according to Vanar Chain&rsquo;s CEO.&ldquo;What happened with Nike&rsquo;s NFTs and the AWS outage shows the risk: if the server fails, the asset effectively disappears,&rdquo; Ashraf said, adding:<blockquote>&ldquo;By embedding the data itself, or even the meaning of the data, into the blockchain, assets become truly trustless, permanent, and verifiable without depending on third parties. It&rsquo;s a foundational shift from &lsquo;hosted ownership&rsquo; to &lsquo;real ownership.&rsquo;&rdquo;</blockquote>Neutron&rsquo;s capabilities are designed to fortify numerous blockchain segments, including adding memory to AI agents, adding verifiable file attachments for decentralized finance applications, uploading original documents to tokenized <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/real-estate-tokenization-forecast-4-trillion-2035" rel="null" target="null" text="null" title="null">real-world assets</a>, or adding immutable governance records to <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/what-is-a-dao" rel="null" target="null" text="null" title="null">decentralized autonomous organizations</a>.<iframe width="100%" height="315" src="https://www.youtube.com/embed/suMyYsRjVzM?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe>Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/ethereum-maxis-should-become-assholes-to-win-tradfi-tokenization-race/" rel="null" target="null" text="null" title="null">Ethereum is destroying the competition in the $16.1T TradFi tokenization race</a><template data-name="subscription_form" data-type="defi_newsletter" label="Subscription Form: DeFi Newsletter"></template>

Vanar Chain, a layer-1 blockchain network, has launched a new artificial intelligence-powered compression and data authentication layer designed to address the industry’s longstanding issue with onchain storage.
Vanar Chain is launching Neutron, an AI-native blockchain layer with data compression ratios of up to 500:1, which can reduce a standard 25 megabyte file to just 50 kilobytes, transforming it into a “Neutron Seed” that can be stored on the blockchain ledger.
The new blockchain compression layer aims to solve the industry’s data storage issue, with traditional blockchains lacking the capacity to store data, only to reference it.
This design introduces potential single points of failure. Vanar's Neutron aims to solve this by enabling fully onchain, verifiable data storage.
Neutron is a “world first” which “handles both physical file compression and semantic compression, meaning it compresses not just the file itself but the meaning inside it,” Jawad Ashraf, CEO of Vanar Chain, told Cointelegraph:
“This unlocks entirely new possibilities: from simply storing a file fully on-chain without relying on third parties, to querying and verifying the actual information inside the file.”
“It finally delivers on one of blockchain’s biggest promises: trustless, verifiable data, made truly accessible,” he added.
Vanar introduces Neutron. Source: Vanar Chain
Related: Bunq, Europe’s second-largest neobank, expands into crypto
“For solutions like Nuklai’s Nexus, this is an important evolution,” according to Matthijs de Vries, CEO of Nuklai, a blockchain layer 1 and collaborative data marketplace for AI development and large language models.
“It enables us to work directly with fully onchain, trustless data streams, minimizing external dependencies and unlocking much deeper, verifiable intelligence extraction,” de Vries added.
The Neutron launch follows several high-profile incidents highlighting risks in centralized infrastructure. On April 15, a major outage at Amazon Web Services (AWS) disrupted operations at major centralized exchanges, including Binance, KuCoin and MEXC. 
Just days later, on April 24, over 20,000 CloneX NFTs created by RTFKT Studios temporarily disappeared due to what was believed to be a Cloudflare-related issue.
Nike was hit by a class-action lawsuit of $5 million on April 25 after a group of RTFKT users led by Jagdeep Cheema claimed that they suffered “significant damages” as a result of Nike touting its sneaker-themed NFTs to gain investors before shuttering the platform.
Related: Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back
Onchain storage can address centralized vulnerabilities
Vanar’s new blockchain storage solutions can address the centralization vulnerabilities of the industry, according to Vanar Chain’s CEO.
“What happened with Nike’s NFTs and the AWS outage shows the risk: if the server fails, the asset effectively disappears,” Ashraf said, adding:
“By embedding the data itself, or even the meaning of the data, into the blockchain, assets become truly trustless, permanent, and verifiable without depending on third parties. It’s a foundational shift from ‘hosted ownership’ to ‘real ownership.’”
Neutron’s capabilities are designed to fortify numerous blockchain segments, including adding memory to AI agents, adding verifiable file attachments for decentralized finance applications, uploading original documents to tokenized real-world assets, or adding immutable governance records to decentralized autonomous organizations.

Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race

Vanar Chain introduces Neutron, an AI-powered blockchain layer that dramatically compresses data (up to 500:1) into "Neutron Seeds," solving onchain storage challenges and mitigating AWS-style outages.  

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Eric Trump warns banks to adapt or face extinction as blockchain overtakes legacy finance

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