Month: May 2025

Grayscale Debuts Bitcoin ETF, Glassnode Signals BTC Reset

Key Notes Grayscale’s BCOR ETF allows investors to tap into companies with significant Bitcoin holdings through traditional equity markets. Glassnode analysis indicates Bitcoin is likely exiting its recent correction phase, supported by key pricing models. Bitcoin faces critical resistance between $95k and $98k, with a successful break potentially leading to $100K+. Grayscale Investments has launched its Bitcoin Adopters ETF (BCOR), providing equity market exposure to firms with significant BTC holdings, while Glassnode’s analysis suggests Bitcoin is transitioning out of its recent correction phase. Grayscale’s BCOR ETF Grayscale’s latest product, the…

Solana Policy Institute, Superstate, and Orca Unveil Project Open: A Proposal to Move Equity Trading Onchain

Project Open was presented to the SEC as a pilot program to test the issuance of equity securities on public blockchains. By leveraging the zero settlement times and transparency of these blockchains, Project Open aims to lower the costs of issuance and trading simultaneously. Project Open Presented by Solana Policy Institute, Superstate, and Orca The […] Source CryptoX Portal

Coinbase Sees Major Bitcoin Withdrawals as Binance Derivatives Activity Rebounds

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Morgan Stanley eyes crypto rollout for E*Trade platform: Bloomberg

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Banking giant Morgan Stanley reportedly plans to list cryptocurrencies on its E*Trade investment brokerage and trading platform. According to a May 1 Bloomberg report, the firm intends to list crypto assets on E*Trade in 2026. The plan is still in early development, and the bank is said to be exploring partnerships with established crypto firms to power the service. Internal discussions about cryptocurrency support reportedly began in late 2024. E*Trade homepage. Source: E*Trade This would not be Morgan Stanley’s first exposure to digital assets. The bank’s wealthiest clients have had…

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…