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Metaplanet enters US Bitcoin market with new subsidiary, eyes $250 million boost
Japanese Bitcoin investment firm Metaplanet is entering the US market with the launch of Metaplanet Treasury Corp., a wholly-owned arm based in Florida. According to a May 1 statement, the firm said the move signals a major step in its strategy to grow its global presence and deepen its role in the Bitcoin ecosystem. Metaplanet […]
Stablecoin supply on Binance’s BNB Chain explodes 30% due to USD1’s $2.1B launch
Binance BNB Chain’s stablecoin reserves expanded sharply this week, adding more than $2 billion in value following the debut of USD1, a politically branded dollar token issued by World Liberty Financial. DefiLlama data shows that the chain’s stablecoin market capitalization surged 30% over the past seven days to reach $9.26 billion. That gain narrowed the […]
Transactions from crypto make up 43% of Robinhood’s revenue as retail traders come back
Robinhood's first-quarter results marked a revival in retail crypto trading, with the platform's crypto revenue doubling year-over-year to $252 million. This surge contributed to a 77% increase in transaction-based revenue, underlining the growing role of individual traders in the market's latest chapter. Retail-driven activity powered Robinhood to its strongest quarter as mainstream investors reengaged amid […]
Grayscale unveils ETF tracking firms embracing Bitcoin treasuries
Grayscale has rolled out a new exchange-traded fund that gives investors access to companies adopting Bitcoin as part of their treasury strategy. The fund, named the Grayscale Bitcoin Adopters ETF (BCOR), was announced on April 30 and reflects the asset manager's continued push into Bitcoin-themed investment products. According to Grayscale, BCOR tracks the Indxx Bitcoin […]
Solana futures open interest nears all-time high — Will SOL price follow?
Key points: Solana held the $140 support level for a week, a first in more than two months, highlighting traders’ growing confidence. SOL futures open interest hit $5.75 billion on April 30, showing strong institutional interest. With rising DEX volumes and a $9.5 billion TVL, SOL could rally to $200 before a potential spot ETF […]
Bitcoin short term realized volatility drops to 16% after early April spike
Bitcoin's volatility curve saw a sharp swing in April. Realized volatility measures the actual day-to-day variability in Bitcoin's price over a set window instead of the market's expectations. It is the annualized standard deviation of daily logarithmic returns, so it shows how turbulent trading has been. This lets analysts benchmark option prices against recorded moves, […]
Ethereum bulls show interest as traders’ confidence in ETH’s $1.8K level improves
Key takeaways: Traders remain cautious about ETH’s price action, but optimistic sentiment is beginning to return. The May 7, Ethereum Pectra upgrade could boost investor sentiment, but ETH’s price action shows investors are still hesitant to open new positions. Ether (ETH) has been trading below $1,900 since March, leading investors to question whether the failed […]
Investors increase crypto allocations to yearly highs, Bitcoin leads the accumulation
Investor portfolio allocations to crypto have reached a yearly high of 1.8% as of April 29, according to a recent report published by CoinShares. The report attributed the increase to recent price movements and improving sentiment in the crypto market. Its findings are based on survey data and supporting 13F filings, offering a position snapshot of […]
Bloomberg Intelligence boosts Solana ETF approval odds to 90%
Bloomberg Intelligence has boosted its estimated odds of US regulators approving a Solana exchange-traded fund (ETF) in 2025 to 90%, according to an April 30 post on the X platform. The company also set more favorable chances of approval for other altcoin ETFs, including proposed funds holding XRP (XRP) and Dogecoin (DOGE), Bloomberg analyst Eric […]
Vitalik Buterin outlines bold Ethereum goals for 2025 as user engagement peaks
Ethereum co-founder Vitalik Buterin unveiled a set of ambitious goals for the network's next phase of development, coinciding with a new milestone in ecosystem engagement. In an April 30 post, Buterin outlined key areas of focus for 2025, including faster transaction finality, stateless client architecture, enhanced privacy features, and stronger decentralization across the stack. Buterin’s […]
Ripple’s reported $5 billion offer for Circle rejected as too low
Ripple has proposed a takeover of Circle, offering between $4 billion and $5 billion to acquire the stablecoin issuer, Bloomberg News reported on April 30, citing sources familiar with the matter. Circle rejected the bid because it was too low, and no final decision has been made on whether Ripple will submit another offer. The […]
Solana Policy Institute, Superstate, and Orca seek SEC approval for securities trading on public blockchains
A coalition led by the Solana Policy Institute, decentralized exchange Orca, and registered investment adviser Superstate has filed a request with the US Securities and Exchange Commission (SEC) to launch a pilot program for the issuance and secondary trading of securities on public blockchains. The April 30 filing proposes that the SEC grant exemptive relief […]
Coinbase urges Supreme Court to block IRS crypto data grab to preserve constitutional privacy
Coinbase has filed an amicus brief with the US Supreme Court supporting a constitutional challenge to the Internal Revenue Service’s (IRS) broad collection of cryptocurrency user data, arguing it violates Fourth Amendment protections. The filing, submitted on April 30, outlines the company’s opposition to an IRS John Doe summons that compelled the disclosure of detailed […]
ZachXBT tracks $330M Bitcoin stolen in social engineering scam from elderly American
Blockchain sleuth ZachXBT revealed that the victim of the recent theft of $330 million in Bitcoin (BTC) was an elderly American citizen who was targeted by a social engineering attack. The exploit marks one of the largest known crypto thefts from an individual. ZachXBT traced the stolen 3,520 BTC, worth approximately $330 million, to a suspicious […]
Crypto prediction markets reflect rising recession odds amid US economic contraction
Crypto prediction markets are signaling growing expectations of a U.S. recession this year after fresh economic data showed the economy contracted in the first quarter of 2025. According to the latest figures released by the US Commerce Department, gross domestic product declined by 0.3% between January and March. This drop comes after a 2.4% expansion […]
FIFA moves towards its own blockchain, leaving Algorand behind
FIFA, the international football governing body, is taking a significant step in its Web3 journey by announcing a new blockchain network compatible with the Ethereum Virtual Machine (EVM). The update, published on April 30 via the FIFA Collect FAQ, outlines plans to migrate the football body's NFT collection platform, FIFA Collect, from the Algorand network […]
Crypto token failures skyrocket to nearly 2 million in Q1 2025
The crypto market experienced a dramatic surge in failed tokens during the first quarter of 2025, with nearly 2 million digital assets collapsing. According to a CoinGecko report, over 1.8 million crypto tokens were abandoned or failed in this year's first three months. This number represents nearly half (49.7%) of all token failures recorded since […]
Ton Foundation launches $500M Telegram RWA bond fund with Libre
The Open Network (TON) Foundation has partnered with Libre, a decentralized infrastructure firm specializing in real-world assets (RWAs), to introduce a $500 million tokenized bond fund tied to Telegram. An April 30 statement stated that the Telegram Bond Fund (TBF) will offer blockchain-based access to institutional-grade yield opportunities. The TBF signals TON's official entry into […]
Is crypto losing its soul?
Crypto was born from an open-source ethos, where code was shared publicly, accessible for review and shaped by community contributions. Transparency and verifiability are foundational principles that enable trust in Bitcoin. But as the space matured, some disadvantages of open source surfaced. Innovative smart contract platforms and decentralized finance (DeFi) applications were forked to create […]
US GDP for Q1 2025 falls by 0.3% creating stagflation worries as Bitcoin trades flat on news
US GDP contracted at an annual rate of 0.3% in the first quarter, the Commerce Department said in its advance estimate today. Real final sales to private domestic purchasers, a measure of underlying demand, advanced 3.0% after a 2.9% rise. The price index for gross domestic purchases quickened to 3.4%. The personal consumption expenditures price […]