Category: crypto
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Custodia CEO slams Fed policy for giving big banks preferential treatment in stablecoins
Custodia Bank CEO Caitlin Long criticized the US Federal Reserve for favoring large banks with anti-crypto policies while appearing to ease regulations. She warned that the Fed’s policies give major banks an unfair advantage in issuing stablecoins, stifling innovation on private networks. Senator Cynthia Lummis also criticized the Fed’s actions as mere “lip service” to…
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Fidelity sees Bitcoin stability and Ethereum opportunity in Q2 outlook
In the first quarter, Bitcoin declined over 20% from its all-time high, maintaining strong on-chain fundamentals, while Ethereum fell 45% due to technical weaknesses. Fidelity’s report highlighted stable technical metrics for Bitcoin and potential opportunities for long-term investors with Ethereum’s undervaluation. Bitcoin’s consolidation phase could create opportunities, while Ethereum faces short-term weakness but may offer…
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Arizona legislature passes Bitcoin reserve bill, Governor approval pending
Arizona passed legislation creating a Strategic Bitcoin Reserve, becoming the first state to do so. Sponsored by Senator Wendy Rogers, the bill authorizes the state treasury to invest public funds in Bitcoin. Governor Katie Hobbs will decide whether to sign or veto the measure, amid debate over the risks and benefits of investing in cryptocurrency.
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TRON DAO Supports Emerging Talent at Harvard Blockchain Conference 2025
TRON DAO was a Platinum Sponsor at the Harvard Blockchain Conference 2025, bringing together 350 participants to explore decentralized technology and AI. TRON hosted a Happy Hour, participated in discussions on stablecoins, and received the “Best Blockchain Innovator” Award. TRON aims to support the next generation of blockchain leaders.
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ProShares XRP futures ETFs will not launch on April 30 – Bloomberg
ProShares’ XRP futures ETFs will not start trading on April 30, as confirmed by Bloomberg analyst James Seyffart. The SEC has approved the ETFs, but there is no confirmed launch date yet. These ETFs will provide a regulated way for institutional investors to speculate on XRP’s price volatility without the need for direct custody of…
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Bitcoin mining pushes sustainability agenda with over 50% of energy generated from renewables
The Cambridge Centre for Alternative Finance’s report on Bitcoin mining in the first quarter shows that over half of the energy consumed is from sustainable sources. Despite increased energy consumption, the industry is diversifying and innovating for long-term resilience. North America dominates the mining landscape, with concerns about energy price volatility and regulatory uncertainty. Miners…
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Coinbase unveils Bitcoin yield fund for global institutional investors
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…
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StanChart predicts Bitcoin rally to $120,000 in Q2
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.
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Mastercard launches stablecoin payment support via partnerships with major crypto companies
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.
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Record $3.2 billion inflows into Bitcoin funds signal new safe-haven status
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…