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 […]

Key takeaways: Bitcoin bulls are attacking the $95,000 level again after today’s brief US GDP-induced sell-off. Traders are semi-agnostic to negative US economic data as they expect the Federal Reserve to resume easing and rate cuts at some point in the future. Bitcoin (BTC) price knocks on the door of $95,000 after starting the NY […]

US Dollar-pegged stablecoins are on track to reach an aggregate market capitalization of approximately $2 trillion by 2028, according to the United States Department of the Treasury’s Q1 2025 report. Stablecoins’ cumulative market cap currently stands at roughly $230 billion, but “[e]volving market dynamics [have] the potential to accelerate stablecoins’ trajectory to reach ~$2tn in […]

US-based cryptocurrency exchange Coinbase has filed an amicus brief in the country’s Supreme Court in support of a taxpayer fighting the Internal Revenue Service (IRS) gaining access to his data from a digital asset platform. In an April 30 filing in the Supreme Court of the United States (SCOTUS), lawyers for Coinbase argued that a […]

Binance co-founder Changpeng “CZ” Zhao wants to provide free education for up to a billion children worldwide with his Giggle Academy venture, he told an audience at Token2049 in Dubai, United Arab Emirates (UAE). « In a few years, I think, I want to teach 100 million or 1 billion kids for free,” Zhao told the […]

Key takeaways: Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles. ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally. The MVRV Z-Score has entered the accumulation zone, signaling undervaluation. Ethereum’s native token, Ether (ETH), is flashing a combination of […]

Key takeaways: Bitcoin’s price increased by sixfold each time its age increased by 40%. If the pattern holds, Bitcoin could rally to $351,046 in 2025. New data highlights a historical pattern that results in Bitcoin (BTC) price increasing by sixfold. Using a logarithmic chart to illustrate the trend from 2011, the model projects BTC price […]

Tether plans to launch a stablecoin product in the United States as soon as this year, the stablecoin issuer’s CEO, Paul Ardoino, said in an April 30 CNBC interview. Tether’s flagship stablecoin, USDT (USDT), is already the US dollar’s top “exporter,” Ardoino told CNBC. It has a market capitalization of nearly $150 billion, according to […]

After months of volatility and extreme fear, crypto markets turned a positive corner in the second half of April, highlighting the industry’s big sentiment shift.  For venture capital, it was business as usual, with investors continuing to pour money into promising startups across layer-1 blockchains, infrastructure, real-world asset tokenization (RWA), and Web3 social media. This […]

Blockchain payments firm Ripple has reportedly bid up to $5 billion in an effort to acquire stablecoin issuer Circle, but the offer was rejected. According to an April 30 Bloomberg report, Ripple put in a bid of between $4 billion and $5 billion as part of an attempted takeover of Circle, which was rejected as […]

Key takeaways: ETH price has underperformed its peers during the current bull market, but gas sponsorship could lure developers and traders back to the network. Ethereum’s upcoming Pectra upgrade promises to improve staking efficiency, potentially increasing demand for ETH. Data suggests ETH price bottomed. Will the Pectra narrative reignite bullish momentum? Since 2024, ETH (ETH) […]

Governments outside the US, including Singapore, are increasingly interested in stablecoins not tied to the US dollar, despite their currently limited liquidity, Fireblocks director of policy Dea Markova told Cointelegraph at Token2049. In an exclusive interview, Markova described the competition with dollar-pegged stablecoins as “all about sovereignty.” She compared the situation to earlier tensions between […]

Key points: Bitcoin’s 7-day volatility is the lowest in 563 days, signaling an impending range expansion. Bitcoin’s breakout above $95,000 could swiftly take it to $100,000 and above. Although the probability is low, traders should remain cautious about a pullback in the near term. Bitcoin (BTC) has been trading in a tight consolidation near the […]

Key Takeaways: US GDP shrank -0.3% in Q1, far below +0.3% forecasts, sparking recession fears. Bitcoin faces selling pressure with its spot volume delta dropping $300 million in 3 days. Whales are accumulating BTC, but smaller holders are selling, hinting at profit-taking. Bitcoin’s (BTC) price dropped under $93,000 on April 30, after the US Gross […]

Asset manager Grayscale launched the Grayscale Bitcoin Adopters exchange-traded fund (ETF), an investment vehicle that tracks companies employing a Bitcoin (BTC) treasury, or holding strategy. According to the April 30 announcement, the ETF will provide exposure to companies across seven business sectors, including Bitcoin mining firms, automotive companies, and energy. Some of the most notable […]

Changpeng “CZ” Zhao, the former CEO of crypto exchange Binance, said most European countries were moving “nowhere” in terms of the adoption of digital currencies. Speaking at the Token2049 conference in Dubai on April 30, Zhao said that areas of the United Arab Emirates were “extremely pro-business,” leading to crypto adoption in Dubai, while others […]

Key points:  US GDP shrank in Q1, raising recession alarms while also prompting calls for Fed rate cuts. Bitcoin dropped to $92,910 as GDP figures were released, but sustained buy-side demand could provide support.  Today’s crypto derisking is likely transitory; market fundamentals remain strong. Bitcoin (BTC) price took an abrupt tumble as data showed the […]