Jack Dorsey Advocates for Bitcoin Integration in Signal Over MobileCoin

Former Twitter CEO Jack Dorsey has publicly urged Signal, the privacy-focused messaging app, to abandon its in-house cryptocurrency MobileCoin in favor of Bitcoin. Dorsey argues that Bitcoin must integrate into everyday transactions to remain relevant and avoid obsolescence. This push comes amid ongoing scrutiny over Signal’s MobileCoin integration, with Dorsey championing Bitcoin’s peer-to-peer strengths as the superior alternative.

Jack Dorsey Urges Signal to Adopt Bitcoin

Jack Dorsey, the former Twitter CEO, has urged Signal, the ultra-secure messaging app, to drop its in-house altcoin MobileCoin and embrace Bitcoin as a native means of payment. Dorsey believes that if Bitcoin does not establish itself in daily user lives, it risks becoming a relic. Signal, officially a private, fast crypto designed for mobile use, has faced suspicions regarding its MobileCoin integration. Dorsey praises Bitcoin for being peer-to-peer, robust, and resistant to censorship.

Grayscale and Osprey Settle Two-Year Legal Dispute Over Bitcoin ETFs

Digital asset managers Grayscale Investments and Osprey Funds have reached a settlement agreement after a long-drawn legal dispute over marketing practices. A motion filed with the Connecticut Appellate Court on April 9 shows the parties are looking at 45 days to finalize settlement documentation after Osprey appealed a February decision favoring Grayscale. The lawsuit, filed in January 2023, centered on allegations that Grayscale misled investors about the prospects of its Bitcoin ETF.

S&P 500 More Volatile Than Bitcoin as U.S. Assets Lose Favor

For years, Wall Street criticized Bitcoin (BTC) for its volatility, but the situation has dramatically changed. President Donald Trump’s aggressive trade policies have diminished the appeal of U.S. assets. Since Trump’s Liberation Day tariff announcement on April 2, the seven-day realized volatility of the S&P 500 has surged from an annualized 50% to 169%, the highest level since the coronavirus crash in 2020. In contrast, BTC’s seven-day realized volatility has doubled to 83%, yet it remains significantly lower than the S&P 500, hinting at Bitcoin’s possible evolution as a low-beta hedge against stocks. The cryptocurrency also appears less volatile than the S&P 500 on a 30-day basis.

Florida Greenlights Bitcoin Bill in Unanimous Committee Vote

On April 10, 2025, Florida’s House Insurance and Banking Committee unanimously approved House Bill 487, also known as the Strategic Bitcoin Reserve Bill. This bill allows public funds to be invested in Bitcoin. With no opposition in the committee, the bill has moved to the full legislature for further debate. While it has not yet become law, this marks a significant step in legitimizing Bitcoin as part of Florida’s financial future and could influence other states to follow suit.

Investors Gain Confidence as Bitcoin Accumulation Soars

The stock markets and crypto markets faced bearish actions after President Trump rolled out tariffs. However, he halted the tariff for 90 days, reviving bullish possibilities. The Bitcoin (BTC) price fought with bearish pressure and revoked a strong ascending trend beyond $80,000. With this move, sharks, whales, and investors have become bullish on Bitcoin as they have begun to accumulate. Investors had turned bearish when the price plunged below $80,000 for the second consecutive time, but the recent trend has restored confidence.