Day: May 2, 2025

Two Prime Backs Bitcoin Over Ethereum as Buy Pressure Mounts

Key Notes Two Prime has abandoned Ethereum after six years, citing its erratic behavior and shaky fundamentals. On-chain metrics like the Taker Buy/Sell Ratio and whale profit data show rising buy pressure for BTC. Bitcoin is signaling potential continuation toward the $100K mark as young whales now sit at 6% gains. SEC-approved investment advisor Two Prime is officially cutting ties with Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B after six years of exposure, citing underperformance and erratic market behavior. The firm announced…

BlackRock ETF Tops $43B, Bitcoin Surges Past $97K

Key Notes IBIT saw over $350 million in inflows on May 1. Spot BTC ETFs surpassed $39.5 billion for the first time since Feb.21. Bitcoin finally broke the $97,000 mark. The increasing investor optimism in volatile assets like Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B has brought huge attention to the investment products related to the leading cryptocurrency. US-based spot BTC exchange-traded funds recorded a net inflow of $422.5 million on May 1, according to data from SoSoValue. Their trading volume reached…

Kraken Seals Ninjatrader Deal and Reveals $472M in Q1 Revenue

The Ninjatrader purchase, originally announced in March, has now been finalized and Kraken has also disclosed a 19% increase in year-over-year revenue during the first quarter. Kraken Finalizes Ninjatrader Purchase, Discloses 19% Jump in Earnings Cryptocurrency exchange Kraken, has wrapped up its $1.5 billion acquisition of retail futures platform Ninjatrader, according to a press release […] Source CryptoX Portal

Bitcoin HODLer Selling Expected Around This Level, Report Says

boss

The on-chain analytics firm Glassnode has revealed in a report how sell-side pressure may see an uptick from Bitcoin long-term holders around this price level. Bitcoin Long-Term Holder Profit Will Hit 350% At 99,900 In its latest weekly report, Glassnode has talked about the latest trend related to the Bitcoin long-term holders. The “long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their coins since more than 155 days ago. The LTHs make up for one of the two main BTC holder cohorts divided on the…

TRON hits 10B transactions as bulls target $0.25 breakout

Since its launch in June 2018, TRON has achieved a significant milestone by surpassing 10 billion total transactions. As per a May 1 analysis by CryptoQuant contributor Maartun,  the network currently handles approximately 8.4 million transactions every day. Although activity peaked during the 2021 and 2023 bull runs, TRON’s (TRX) daily usage has been increasing steadily. Maartun stressed that this level of on-chain traffic is often overlooked but remains a strong bullish signal. Milestone: TRON just crossed 10.0 B Total transactions! “Daily transaction count is around ~8.4 million. This is…

Analyst Maps 3 Scenarios That Could Trigger the Next Big Rally

boss

Reason to trust 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. Bitcoin is inching closer to the $100,000 milestone, continuing a steady upward trend that has characterized its recent market behavior. As of the time of writing, the asset is…

Crypto in ‘gamble mindset’ as memecoin mentions hit YTD high: Santiment

boss

Online discussions about memecoins have hit a year-to-date high, gaining considerable attention after sentiment cooled earlier in the year, according to onchain analytics platform Santiment.  Two weeks ago, discussions around Bitcoin (BTC) and layer-1 protocols peaked during the market volatility brought on by the Trump administration’s sweeping tariffs. However, that’s since shifted to high market cap memecoins, Santiment marketing director Brian Quinlivan said in a May 1 blog post. “Online discussions about these high-risk tokens have proliferated as traders embrace a gamble mindset, rather than a calculated investment approach,” he…

MEXC Marks 7th Anniversary With $300 Million Ecosystem Growth Fund

The $300 million ecosystem development fund by MEXC will drive blockchain innovation, support early-stage Web3 projects, and expand its role from crypto exchange to full-scale ecosystem builder. MEXC Advances Push Into Web3 Development With $300 Million Fund MEXC, a global crypto exchange, has announced a bold leap forward in its evolution by launching a $300 […] Source CryptoX Portal

Riot Platforms posts Q1 loss, beats revenue estimates

boss

Bitcoin miner Riot Platforms reported its highest-ever quarterly revenue, but still posted a loss as mining costs have nearly doubled compared to the same period last year amid efforts to expand its facilities. “We achieved a new record for quarterly revenue this quarter, at $161.4 million,” Riot CEO Jason Les said in a May 1 report for its first quarter 2025 earnings. The company just surpassed Wall Street estimates of $159.79 million by 1%. Riot’s Q1 revenue was a 50% jump compared to the same quarter a year ago. Riot…