Philippines SEC warns on dYdX, six other unauthorized crypto platforms
Cointelegraph DeFi·60-word summary·1 min read
The Philippines SEC has issued warnings against dYdX and six other unauthorized crypto platforms, citing regulatory violations. Promoters of these platforms could face fines up to 5 million pesos ($89,000) or imprisonment for up to 21 years under Philippine securities law. The move aims to protect investors and enforce compliance within the country's crypto sector.
The SEC signals a policy shift, with Chair Paul Atkins stating the end of "regulation by enforcement," boosting market confidence. Meanwhile, Bitcoin ETF inflows and rising geopolitical tensions in the Middle East have influenced crypto sentiment over the past 24 hours. These factors create a mix of bullish momentum and macro caution for digital asset investors.
Strategy has surpassed BlackRock in Bitcoin holdings, now owning over 815,000 BTC after a $2.54 billion purchase of 34,164 BTC on April 17, 2026. This brings Strategy’s total investment to $61.56 billion, with an average buy price of $75,527 per BTC. The move highlights Strategy’s dominant position in large-scale Bitcoin holdings.
On April 20, U.S.-listed spot XRP and Solana ETFs saw continued inflows, with XRP ETFs gaining $3.0 million, marking seven consecutive days of net additions. Most altcoin funds remained flat, highlighting a concentration trend in the market. Grayscale’s GXRP led XRP ETF inflows with $2.22 million, reflecting investor focus on a few key products.
Ripple transferred 75 million XRP, valued at $108 million, to Coinbase amid rising spot ETF inflows. The move raises questions about whether Ripple is divesting its "North Star" or using the funds for liquidity in its On-Demand Liquidity (ODL) corridors. The transfer occurred in April 2026, highlighting ongoing strategic shifts within Ripple’s operations.
Coinbase (COIN) stock rose slightly amid ongoing tokenization talks with Bybit, signaling a push toward blockchain-based access to US equities and pre-IPO shares abroad. The deal, if finalized, could transform global equity trading by enabling faster, decentralized transactions. However, regulatory challenges remain a significant obstacle to expanding tokenized stock markets.
Dogecoin (DOGE) has been consolidating below a key resistance level since early 2026, indicating potential downside risk this month. Despite recent bearish signals, the long-term outlook remains bullish, supported by new wallet addresses and increasing institutional exposure, including rising ETF investments. The current trend suggests caution for traders, but overall optimism persists for DOGE’s future growth.