Day: May 1, 2025

Bitcoin surges past $96k as institutional appetite grows

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Bitcoin has reclaimed $96,000, a level not seen since late November 2024, driven by robust institutional demand and easing macroeconomic fears. Bitcoin (BTC) rallied nearly 20% from its April low of $79,000, fueled by $381 million in ETF inflows and renewed optimism after U.S. President Donald Trump’s softened stance on China trade tensions. Source: crypto.news However, analysts warn of resistance at $94,000-$95,000, citing heavy selling pressure in spot markets. With BTC still 16% below its January peak of $109,000, volatility remains a concern, especially as stock market correlations persist. Investors…

John Deaton Sees Bank Potential

Key Notes Ripple’s planned bid for Circle is drawing speculation in the broader market. John Deaton, an XRP advocate, sees the Ripple and Circle combo growing into a bank. Ripple Labs is making many strategic acquisitions amid the changing regulatory landscape. Pro-XRP Lawyer John E. Deaton has commented on the rumored Ripple Labs deal to acquire stablecoin issuer Circle. Deaton said he looks forward to Ripple buying or becoming a bank once the deal with Circle pulls through. Ripple’s Proposal to Acquire Circle In an X post, the XRP holders’…

MultiBank, MAG, Mavryk ink world’s largest $3B RWA tokenization deal

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MultiBank Group, the world’s largest financial derivatives institution based in Dubai, has signed a landmark $3 billion real-world asset (RWA) tokenization agreement with United Arab Emirates (UAE)-based real estate giant MAG and blockchain infrastructure provider Mavryk. The deal represents the largest RWA tokenization initiative globally to date and highlights the upcoming launch of MultiBank’s native utility token, MBG, according to a press release shared with Cointelegraph. The partnership will bring MAG’s ultra-luxury real estate projects — including The Ritz-Carlton Residences, Dubai, Creekside and the Keturah Reserve — onto the blockchain…

MEXC launches $300M Web3 fund, commits to ‘strategic investment’

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Crypto exchange MEXC has announced a $300 million ecosystem development fund aimed at supporting Web3 projects over the next five years. The initiative, unveiled at Token2049 in Dubai, is designed to support early-stage blockchain technologies, public chains, wallets, and decentralized tools critical to shaping the future of crypto infrastructure, according to a press release shared with Cointelegraph. Selection criteria for projects looking to participate in the initiative will be announced soon. “We are committed to strategic investment, focusing not just on exciting ideas and talented developers, but on initiatives with…

Dogecoin Flat as Whales Grab 100M DOGE

Key Notes DOGE stays resilient amid speculation over Elon Musk’s future at Tesla. Bloomberg analysts place an 80% probability on the SEC approving a Dogecoin ETF by year-end. Whales scooped up over 100 million DOGE in the past week. Despite the rumors of Tesla seeking a replacement for Elon Musk, a known Dogecoin DOGE $0.18 24h volatility: 2.0% Market cap: $26.57 B Vol. 24h: $1.03 B supporter (later the rumors were denied by the company), DOGE has managed to maintain its footing. The popular meme coin is currently trading around…

Bitcoin eyes gains as macro data makes US recession 2025 ‘base case’

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Key points: Bitcoin traders wait for signals of US economic policy loosening as data forces the Federal Reserve into a corner. Recession is more likely than not, sources say, amid rising unemployment and resurgent inflation. Bitcoin and risk assets should ultimately gain from a recession shock. Bitcoin (BTC) stands to gain as a US recession becomes the “base case scenario.” Fresh analysis from sources including trading resource The Kobeissi Letter makes grim predictions for the US economy and Federal Reserve. Fed’s “worst nightmare” gets real US economic health is due…

Whales Double Down on Bitcoin Despite ETF Exit — Time to Buy?

Key Notes US spot Bitcoin ETFs saw a $56.23 million net outflow on April 30. BTC quickly rebounded and is now hovering near the $95,000 mark. Whale wallets accumulated over 43,100 BTC in two weeks, signaling bullish sentiment. Bitcoin BTC $95 121 24h volatility: 0.5% Market cap: $1.89 T Vol. 24h: $27.07 B price briefly dropped on April 30, following an outflow in the US-listed spot Bitcoin ETFs — the first in two weeks. The net outflow of $56.23 million came as Fidelity’s FBTC and Ark & 21Shares’ ARKB neutralized…

Ethena partners with TON to offer USDe to one billion Telegram users

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Decentralized stablecoin platform Ethena has partnered with The Open Network (TON) to make its stablecoins available to Telegram’s user base of over one billion people. The partnership, announced on May 1 at Token2049 in Dubai, will see the deployment of Ethena’s USDe (USDE) and Ethena Staked USDe (sUSDe) natively within the TON blockchain. The sUSDe variant will be integrated under the name tsUSDe, enabling Telegram users to access US dollar-denominated savings directly within Telegram. Source: Kirill Malev The deployment involves two major Ethena integrations, including one in the custodial Wallet…

Ethereum Liquidations Hit $67M — Is Another Selloff Ahead?

Key Notes Ethereum recorded a sharp fall to $1,736 on April 30. The price drop triggered increased liquidations, reaching $67 million. ETH will likely face another correction before gaining bullish momentum. Ethereum ETH $1 815 24h volatility: 1.0% Market cap: $219.22 B Vol. 24h: $13.73 B has been struggling to break above the psychological $2,000 mark over the past two months. The leading altcoin even dropped below the $1,400 mark on April 9. On April 22, Ethereum gained upward momentum, rising from $1,550 to $1,800, as the optimism around Bitcoin…

Traders Rush Into Bitcoin Options as Implied Volatility Drops, Is a Big Move Coming?

Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. As the broader crypto asset market takes a breather following its recent rally beyond a $3 trillion market capitalization, traders are increasingly seeking leverage through options contracts on Bitcoin and Ethereum. This…