Bitcoin Price Poised for a Sharp Rise as Fed Rate Cut Probability Reaches 60%
Bitcoin is once again testing the $95,000 mark as of May 1, with markets factoring in the growing likelihood of the US Federal Reserve cutting interest rates sooner than expected. Rate Cut Drives Bitcoin Price Upward Bitcoin’s price edged higher after dipping below $93,000 following the release of US GDP data, which indicated a slowing […]
Eric Trump: Banks That Ignore Crypto Will Vanish Within a Decade
Eric Trump, executive VP of the Trump Organization and son of former U.S. President Donald Trump, has issued a stark message to traditional banks: embrace cryptocurrency or risk becoming obsolete within ten years. Speaking in an April 30 interview with CNBC, Trump criticized the current financial system, describing it as outdated and rigged in favor […]
SEC Ends Inquiry into PayPal’s Stablecoin PYUSD
PayPal has announced that the U.S. Securities and Exchange Commission has officially ended its investigation into the company’s U.S. dollar-pegged stablecoin, PYUSD. According to a regulatory filing submitted by PayPal on April 29, the SEC has wrapped up its review and confirmed it will not pursue any enforcement actions related to the stablecoin. The investigation […]
Former Binance Boss Criticizes Europe’s Slow Crypto Progress
Changpeng “CZ” Zhao, the ex-CEO of Binance, expressed disappointment with Europe’s pace in embracing digital currencies, saying the continent is making little to no progress in this area. During his talk at the Token2049 event in Dubai on April 30, Zhao praised regions like the UAE for being highly supportive of business and crypto innovation, […]
BlackRock Adds $970M in Bitcoin as ETF Inflows Surge, Supporting Market Rally
BlackRock made a major move into Bitcoin on April 28, purchasing close to $1 billion worth of BTC through its exchange-traded fund (ETF), further reinforcing the market’s upward momentum, according to analysts. Through its iShares Bitcoin Trust (IBIT), the asset management giant acquired approximately $970 million in Bitcoin on that day alone. This marks the […]
Ray Dalio Warns of Looming Collapse in Global Monetary System
Renowned investor Ray Dalio has issued a stark warning that the current global monetary system is nearing a critical breakdown — a situation he says is being hastened by the trade policies of the Trump administration. In a post shared on X (formerly Twitter) on April 28, Dalio, founder and ex-CEO of Bridgewater Associates, stated […]
MetaMask unveils self-custody crypto card in collaboration with Mastercard
MetaMask is stepping into the payments space with a new crypto card designed to let users spend their self-custodied digital assets. This move gives crypto holders a more direct way to use their tokens in everyday transactions. Developed in partnership with CompoSecure and Baanx, and supported by Mastercard, the card leverages smart contracts to facilitate […]
Strategy Acquires 15,355 Bitcoin for $1.42B Amid Price Surge Above $90K
Strategy, led by Michael Saylor, expanded its Bitcoin reserves once again last week as Bitcoin’s price soared beyond $90,000. In an update on April 28, Strategy confirmed that it had purchased 15,355 BTC between April 21 and April 27.The firm spent a total of $1.42 billion, paying an average price of $92,737 per Bitcoin. This […]
Nexo Returns to the US, with Trump Jr. Supporting Crypto Growth
After navigating previous regulatory issues, cryptocurrency platform Nexo has announced its comeback to the US market. The company’s return was marked by a special event on April 28, where Donald Trump Jr. appeared as a guest. During his speech, Trump Jr. expressed strong support for cryptocurrencies, stating: “We believe crypto represents the future of finance […]
Gold-Backed Cryptocurrencies Surge Amid Rising Global Trade Tensions
The value of gold-backed cryptocurrencies has surged as global trade tensions intensify following the April 2 tariffs imposed by US President Donald Trump. Tether Gold (XAUT) and Paxos Gold (PAXG) both set new records on April 22, with XAUT reaching $3,529 and PAXG peaking at $3,520, according to CoinMarketCap. Meanwhile, two other gold-backed assets, Quorium […]