Category: crypto

Coinbase Asset Management will launch the Coinbase Bitcoin Yield Fund (CBYF) on May 1, offering conservative international investors annual returns between 4% and 8% in Bitcoin. The fund aims to attract traditional investors like Baby Boomers by providing a stable investment environment. Monthly subscriptions and redemptions are allowed with a five-business-day notice period. The fund…

Standard Chartered predicts Bitcoin could reach $120,000 in Q2 2025 due to asset reallocations and shifting investment flows. Factors include US investors moving away from domestic assets, Bitcoin whale accumulation, and a shift from gold to Bitcoin ETFs. The bank also forecasts a $200,000 price target by the end of 2025.

Mastercard announced new stablecoin payment functionalities, collaborating with partners like OKX and Nuvei to integrate stablecoins into traditional payment flows. The initiative includes wallet enablement, card issuance, merchant settlement, and cross-border remittances. Mastercard aims to streamline payments and commerce with stablecoins, facilitating broader adoption in everyday transactions.

Last week, crypto-related investment products saw a significant inflow of $3.4 billion, the highest since December 2024. This surge was attributed to concerns about the weakening US dollar. Bitcoin products accounted for 94% of the inflows, with total assets under management reaching $132 billion. Ethereum also reversed its trend of outflows, attracting $183 million in…

Tether’s tokenized gold product, XAUT, has released its first official attestation, revealing a total backing of 246,523.33 ounces of gold. Priced at $3,123.57 per token, XAUT has a market capitalization of $770 million and reached an all-time high of $3,423 on April 21. Tether aims to expand XAUT’s reach, targeting emerging markets.

Bitget is taking legal action against eight users for profiting over $20 million from a trading glitch involving the VOXEL token. The exchange detected irregular trading behavior, froze affected accounts, and plans to redistribute recovered funds through an airdrop program. Bitget will also publish a detailed report on the incident.

European ETFs saw record inflows of $93 billion in Q1 2025, reaching $2.38 trillion AUM by March. Equities accounted for 80% of inflows, with a shift towards European exposures. Gold and European crypto ETPs also saw positive inflows. US equity outflows and concerns over concentration risks in US indices were noted.

Ethereum Foundation researcher Dankrad Feist has proposed a 100-fold increase in the network’s gas limit over the next four years to improve transaction capacity and network performance. This proposal aligns with a similar suggestion by Ethereum co-founder Vitalik Buterin, but some developers express concerns about the aggressive growth pace.

World Liberty Financial (WLFI), a crypto project backed by the Trump family, is expanding internationally. Meeting with industry expert Changpeng Zhao focused on wider crypto adoption and raising industry standards. Future collaboration is planned. Zhao anticipates negative media coverage, debunking previous false stories about involvement with Trump family. WLFI also signed an MoU with Pakistan…

The SEC has approved the launch of three XRP futures-based ETFs by ProShares Trust on April 30. These ETFs will provide leverage and track the price of XRP through the XRP Index. The approval had a positive impact on XRP price, and signals a positive shift in Ripple’s relationship with the SEC.