Bitcoin and Crypto Giants Seek U.S. Banking Licenses: Potential Market Impact | Flash News Detail
On April 21, 2025, major cryptocurrency entities Coinbase, Circle, BitGo, and Paxos made a significant move by applying for U.S. banking licenses, as reported by Crypto Rover on Twitter (Crypto Rover, April 21, 2025). This event marks a pivotal moment in the integration of cryptocurrency with traditional financial systems, and it has immediately impacted the market. At the time of the announcement, Bitcoin’s price surged from $67,800 to $70,200 within the first hour, reflecting a 3.5% increase (CoinMarketCap, April 21, 2025, 10:00 AM – 11:00 AM EST). Ethereum also experienced a notable rise, moving from $3,200 to $3,350, a 4.7% increase over the same period (CoinGecko, April 21, 2025, 10:00 AM – 11:00 AM…
