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Goldman Sachs looks to 24/7 tokenized Treasuries, money market trading in US
Goldman Sachs aims to bring tokenized Treasuries and money market fund shares into round-the-clock trading, according to digital assets head Mathew McDermott at TOKEN2049 in Dubai. The move reflects broader ambitions to integrate traditional collateral into blockchain infrastructure as clients increase demand for on-chain exposure. The firm already operates a crypto derivatives desk and is […]
Kraken achieves revenue boost in Q1 2025 but faces North Korean hacking scare
Kraken started 2025 on a high note, reporting a 19% increase in revenue year-over-year to $472 million for the first quarter. The May 1 earnings statement also highlighted a 1% quarter-over-quarter rise in adjusted EBITDA, reaching $187 million. Meanwhile, the company's performance indicators showed similar momentum. The firm noted that its total trading volume rose […]
Bitcoin edges towards $97,000 as US labor market exceeds job growth expectations
The US labor market added 177,000 jobs in April, exceeding expectations of 130,000, according to the latest nonfarm payrolls report (BLS). The unemployment rate remained steady at 4.2%, matching forecasts and tying a 17-month high. Average hourly earnings rose 0.3% month over month and 3.8% year over year, reflecting stable wage growth. Job gains were […]
FCA aims to curb risky crypto lending and credit purchases to protect UK investors
The Financial Conduct Authority (FCA) is preparing to introduce stricter regulations for the UK’s crypto sector as it looks to reduce risks for retail investors, according to a new discussion paper. This push comes as digital assets become increasingly popular among the general public. According to recent data, 93% of UK adults are aware of […]
Senate looks to push through GENIUS stablecoin bill before end of May
Senate Republicans have accelerated efforts to bring the first comprehensive federal stablecoin legislation, the GENIUS stablecoin bill, to a floor vote before the Memorial Day recess. Senate Majority Leader John Thune formally moved to expedite consideration of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act this week, setting up a potential chamber-wide […]
US targets Huione Group in crackdown on $4 billion crypto laundering network
The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed banning Cambodia’s Huione Group from accessing the American financial system, according to a May 1 statement. If approved, the proposed rule would prohibit US financial institutions from opening or maintaining accounts for Huione Group or any of its subsidiaries. US authorities identified Huione Group as […]
Doomsday clock hit 89 seconds to midnight but Bitcoin could turn back time?
The Doomsday Clock, a symbolic gauge maintained by the Bulletin of the Atomic Scientists since 1947, now stands at 89 seconds to midnight. This marks its closest position yet, reflecting an era shaped by multiple existential threats, including nuclear tensions, climate volatility, and disruptive technologies. 2025 Doomsday Clock bulletin (Source: thebulletin.org) The latest release brings […]
Public companies have already acquired 96% of all Bitcoin to be mined in 2025
Publicly listed companies have bought roughly 157,957 Bitcoin (BTC) as of May 1, accounting for 96% of the 164,250 BTC projected to be mined throughout the year. Bitcoin Treasuries data shows that private companies added another 16,799 BTC to their holdings during the same period, while Bitcoin exchange-traded fund (ETF) issuers acquired 34,968 BTC. Combined, […]
Strategy achieves $5.8B in yearly Bitcoin gains, raises BTC Yield target to 25%
Strategy's Bitcoin-focused investment operation achieved a year-to-date BTC Yield of 13.7% and a BTC $ gain of $5.8 billion as of April 28, according to its first quarter earnings report. The firm also raised its full-year BTC Yield target from 15% to 25% and increased its BTC gain projection from $10 billion to $15 billion. […]
21Shares highlights Dogecoin's role in diversified, high-return investment portfolios
A modest 1% allocation to Dogecoin (DOGE) could significantly improve portfolio returns without meaningfully increasing risk, according to a new analysis by crypto investment firm 21Shares. In its April report, the firm evaluated how Dogecoin performs when added to a Bitcoin-enhanced growth strategy. Stress-tested portfolios The firm’s portfolio stress-testing showed that the baseline portfolio, a […]
Two Prime drops Ethereum, labeling it a memecoin amid waning institutional interest
Algorithmic trading firm Two Prime formally dropped its exposure to Ethereum (ETH), stating that ETH now trades as a memecoin rather than a predictable asset. According to CEO Alexander Blume, the firm will now exclusively manage and lend against Bitcoin (BTC). He added that the firm believes that Bitcoin is the only digital asset that […]
Bitcoin market clears speculative froth as on-chain indicators stabilize
A structural reset is underway across Bitcoin’s (BTC) on-chain metrics, with several key indicators returning to historical equilibrium levels, signaling a broad flush of speculative excess. A recent Glassnode report noted that the adjustment is evident in metrics such as the MVRV ratio, SOPR, and the Sell-Side Risk Ratio, which now point to reduced investor […]
Tether boosts US Treasury holdings by $3B amid YoY profit drop
Tether increased its exposure to US Treasuries by more than $3 billion between quarters while posting a steep year-over-year decline in quarterly profits. According to its latest attestation report published on April 30, Tether's combined holdings of US Treasury bills, reverse repurchase agreements, and money market funds with Treasury exposure reached approximately $120 billion by […]
Bitcoin’s dominance fuels crypto market climb to $3 trillion
The global crypto market has climbed past the $3 trillion mark, driven by renewed investor interest sparked by US policy developments under President Donald Trump. CoinMarketCap data shows that the total value of digital assets surpassed $3 trillion in early trading on May 1. Crypto Market Cap (Source: CoinMarketCap) Although this represents a significant rebound […]
Morgan Stanley and Charles Schwab eye crypto trading as US regulations ease
Two of Wall Street's most established financial firms, Morgan Stanley and Charles Schwab, are reportedly preparing to offer access to crypto trading. Morgan Stanley reportedly plans to roll out spot crypto trading on its E*Trade platform by 2026. To support this integration, the firm is exploring partnerships with crypto-native companies. While Morgan Stanley already offers […]
Bitcoin mining revenues fall to critical level for older miners as fee income slides post-halving
Bitcoin miner revenues have compressed sharply since the April 2024 halving. Transaction fees currently contribute around 1.48% of block rewards, near the lowest share since 2023. The decline highlights a growing reliance on subsidy income, which dropped to 3.125 BTC per block following the halving. Bitcoin fees as percentage of block subsidy (Source: Bitbo) Hashprice […]
Why is Solana (SOL) price up today?
Key points: Solana gains 8% to $152, with 35% higher trading volume and a 5% rise in futures open interest, showing strong demand. Solana’s TVL up 25% in 30 days, DEX volumes soar 90%, led by Sanctum, Raydium, and others. A V-shaped recovery eyes $250 if SOL price breaks $160-$200 resistance. Solana (SOL) displayed strength […]
US blockchain firms urge SEC to clarify crypto staking rules
A coalition of US blockchain firms has urged the Securities and Exchange Commission (SEC) to provide clear regulatory guidance on crypto staking. The coalition, led by the Crypto Council for Innovation, requested in an April 30 open letter that the agency treat staking with the same clarity it recently applied to proof-of-work mining. Staked tokens […]
Ethena Labs partners with TON to integrate USDe into Telegram ecosystem
Ethena Labs, the team behind the synthetic dollar USDe, has announced a strategic partnership with the TON blockchain. According to a May 1 statement, this move brings both USDe and its yield-generating counterpart, sUSDe, directly into the Telegram ecosystem. Ethena said: "This represents one of Ethena's most meaningful launches to date. [Telegram] Users within [in […]
Singapore Gulf Bank tackles global finance hurdles with crypto-focused SGB Net launch
Singapore Gulf Bank (SGB) has launched SGB Net, a real-time clearing network designed to power digital asset transactions for businesses across the Middle East and North Africa (MENA). According to a May 1 statement, this move marks a significant step toward addressing long-standing issues in cross-border finance, including settlement delays and high transaction fees. Notably, […]