Hi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
According to cryptocurrency-focused media outlet CoinDesk on the 29th (local time), Coinbase's Layer 2 network Base has reached Stage 1 Rollup, and as a result, a security committee has been formed. Tom Vieira, Base's product manager, explained in an interview with the media, "Stage 1 Rollup has enabled permissionless fraud proofs on Base," adding, "It has paved the way towards full decentralization."
The Chicago Board Options Exchange (CBOE) announced on the 29th (local time) via its official X (formerly Twitter) that trading of the Bitcoin (BTC) index-based futures product (XBTF) has commenced. XBTF is a cash-settled futures product, meaning that positions are settled in cash at maturity, eliminating the complex process of physically delivering Bitcoin.
Neopin (NPT), a blockchain platform company of the Neowiz Group, announced on the 29th (local time) via its official X (formerly Twitter) that it will rebrand to Mayflower. This change aims to allow users to easily access DeFi services by transitioning to a Solana (SOL) native AI-based platform.
On the 29th (local time), cryptocurrency-focused media outlet CoinDesk reported that Robinhood's (HOOD) Q1 cryptocurrency trading revenue is expected to decrease compared to the previous quarter. JP Morgan stated, "Robinhood's Q1 cryptocurrency trading volume is expected to be around $52 billion," adding, "This is a decrease compared to the $71 billion recorded in Q4 of last year." They further noted, "The early-year rise in cryptocurrency trading has been offset by the risk-averse sentiment that has spread in the market over the past few months." Previously, Robinhood's Q4 cryptocurrency trading revenue last year increased by over 700% year-on-year, reaching $358 million. Meanwhile, Robinhood's Q1 earnings will be announced after the market closes on the 30th (local time).
The three major U.S. stock indices are showing mixed trends. The Nasdaq Composite Index is trading at 17,359.95 points, down 0.04% from the previous day as of 00:35 on the 30th. The Dow Jones Index is up 0.51% at 40,434.56 points, and the S&P 500 Index is up 0.09% at 5,533.43 points.
The three major indices of the US stock market closed mixed. The Nasdaq Composite Index fell by 0.10% compared to the previous session, closing at 17,366.13 points on the 29th. The Dow Jones Industrial Average rose by 0.28% to close at 40,227.59 points, while the S&P 500 Index increased by 0.06% to finish at 5,528.59 points.
According to Bitcoin Magazine, a media outlet specializing in virtual assets (cryptocurrency), on the 28th (local time), Howard Lutnick, the US Secretary of Commerce, stated that "The United States is embracing Bitcoin (BTC), and the government will continue to support it."
It has been revealed that numerous virtual asset (cryptocurrency) companies and foundations have sent a letter to David Sacks, the Trump administration's crypto czar, urging the withdrawal of the Tornado Cash criminal case. According to DL News, a virtual asset-focused media outlet, on the 28th (local time), they mentioned the Department of Justice's stance in April not to hold developers of virtual asset mixers and wallets used in crimes legally accountable, and argued that the criminal charges against Tornado Cash founder and developer Roman Storm should be dropped. The letter was led by the DeFi Education Fund, with joint signatures from Paradigm, Multicoin Capital, and 6th Man Ventures. The trial for Roman Storm is scheduled to begin in July in New York.
According to Reuters on the 28th (local time), the United Arab Emirates (UAE) Abu Dhabi sovereign wealth fund ADQ, local conglomerate IHC, and UAE First Abu Dhabi Bank (FAB) announced plans to jointly launch a stablecoin based on the UAE's legal currency, the dirham. The stablecoin will comply with local central bank regulations and is being pursued as part of Abu Dhabi's strategy to enhance the competitiveness of its virtual asset (cryptocurrency) industry.
Changpeng Zhao, former CEO of Binance, announced on the 28th (local time) via X (formerly Twitter) that he met one-on-one with more than 12 founders of projects invested by YZi Labs (formerly Binance Labs). It is known that founders of Aptos (APT) and Initia (INIT) were included.
According to Crypto Briefing, a media specializing in virtual assets (cryptocurrency), Solstice Labs plans to launch a Solana (SOL) based stablecoin USX. USX is a stablecoin designed with the goal of sustainable yield within Solana, and is scheduled to be launched this summer. It provides permissionless access to native yield protocols with over $100 million in total value locked (TVL).
According to CoinDesk, a cryptocurrency-focused media outlet, Chinese cryptocurrency exchange OKX announced the launch of the OKX Card, which supports stablecoin payments with Mastercard. The service will be provided in collaboration with Nuvei, a fiat-cryptocurrency payment technology company, and Circle, the issuer of USDC.
According to The Block, a cryptocurrency-focused media outlet, MetaMask, a cryptocurrency wallet, announced plans to launch a physical payment card in the second quarter of this year. With this card, users will be able to make real-world payments within 5 seconds using the cryptocurrencies held in MetaMask, without the need to convert them to fiat currency during the transaction. Previously, MetaMask announced a card pilot program in August last year and unveiled a physical card in March. Additionally, MetaMask plans to add support for Bitcoin (BTC) and Solana (SOL) and revamp the user interface (UI) of the wallet this year.
Layer 1 blockchain Sui(SUI) announced on the 28th (local time) via X(formerly Twitter) that "Sui not only achieved a price increase in Q1 but also ecosystem growth," adding that "the trading volume on decentralized exchanges (DEX) increased by 245%, and the BTCfi ecosystem grew more than fourfold." Furthermore, it added, "The mainnet of the Sui-based decentralized storage Wallus(WAL) was also launched."
James Seyffart, a Bloomberg ETF specialist analyst, stated on the 28th (local time) via X (formerly Twitter) that "although there are widespread reports that global asset manager ProShares will launch three new Ripple (XRP) futures ETFs on April 30 (local time), this information is not true," adding, "However, while the launch date is not confirmed, it is expected to be released soon."
Samara Cohen, Chief Investment Officer (CIO) of BlackRock ETF, appeared on the YouTube channel Empire on the 28th (local time) and stated, "Bitcoin (BTC) is maintaining a positive momentum even in the recent global environment, and BlackRock is optimistic about the tokenization sector." She explained, "The current market is at a critical moment where the performance of BTC could be determined," adding, "Despite market volatility due to supply chain instability caused by recent international tensions, BlackRock's BTC spot Exchange Traded Fund (ETF) experienced less capital outflow than expected." Furthermore, she added, "This is because the buying trend among individual and institutional investors has been maintained," and "BTC has not shown significant volatility even during the stock market downturn, maintaining its positive direction."
On the 28th (local time), on-chain analytics firm Glassnode stated on X (formerly Twitter) that "addresses newly purchasing Bitcoin (BTC) and those buying according to trends continue to participate in the market, and the activity of addresses in profit is also being maintained." They further analyzed, "This means that the demand supporting the recent rally is continuing without significant selling pressure." Additionally, they added, "Ethereum (ETH) has also shown a significant upward trend in the number of addresses buying according to trends over the past 7 days since February," and "However, in the case of ETH, the active market participation of addresses in profit may be related to the recent price sideways movement." Meanwhile, BTC is trading at $93,690.27, down 0.25% from the previous day, based on the Binance Tether (USDT) market as of 00:56 on the 29th.
The three major indices of the U.S. stock market are showing a downward trend. The Nasdaq Composite Index is trading at 17,211.05 points, down 0.99% from the previous session as of 00:49 on the 29th. The Dow Jones Index is down 0.10% at 40,073.88 points, and the S&P 500 Index is recording a decline of 0.58% at 5,492.91 points.
Bitcoin (BTC) temporarily returned the $94,000 level. Meanwhile, BTC is trading at $93,972.25, down 0.30% from the previous day as of 11:49 PM on the 27th, based on the Binance Tether (USDT) market.
President Donald Trump is set to host a 'Trump Dinner' for holders of the meme coin OfficialTrump (TRUMP), prompting some senators to call for an ethics investigation. According to CNBC on the 25th (local time), senators argue that the dinner could constitute a corrupt act, stating that it offers "an exclusive meeting opportunity with the president in exchange for significant investment in one of the president's business ventures." Notably, it has been reported that the value of the TRUMP meme coin surged by over $100 million following the announcement of the dinner. They emphasized that "there is growing concern that Trump and his family are using political influence for personal gain."
The Federal Reserve (Fed) of the United States has announced its intention to roll back regulations related to banks' activities concerning virtual assets (cryptocurrencies) and dollar-based tokens. David Sacks, the 'Crypto Czar' who handled virtual asset and AI policies during the Trump administration, evaluated that "the Fed is reversing regulations introduced during the Biden administration." On the 25th (local time), he claimed on his X (formerly Twitter) that "the regulations being rolled back were part of 'Operation Choke Point 2.0' (a policy where the government restricts bank access to pressure the virtual asset industry)." He added, "The opening of the banking industry to virtual assets could further promote the mainstream adoption of virtual assets."
The Dogecoin (DOGE) mining company Z Squared has announced a merger with the pharmaceutical company Coeptis (COEP). According to CoinDesk, a cryptocurrency-focused media outlet, Z Squared plans to go public through this merger, and the transaction is expected to be completed by the third quarter of this year. Post-merger, the company is expected to own 9,000 Dogecoin mining rigs in the United States and will continue its DOGE mining operations. Meanwhile, Coeptis's existing pharmaceutical business will be spun off and operated separately. David Halabu, CEO of Z Squared, stated, "Going public will allow us broader access to the capital markets," adding, "This will be a strategic opportunity to accelerate the growth of our mining business and enhance shareholder value."
The three major indices of the US stock market closed higher. The Nasdaq Composite Index rose 1.26% from the previous day to 17,382.94 points on the 26th. The Dow Jones Index rose 0.05% to 40,113.50 points, and the S&P 500 Index closed at 5,523.52 points, up 0.71%.
GameStop has approved the inclusion of Bitcoin (BTC) in its balance sheet and issued $1.5 billion in convertible bonds to purchase Bitcoin. Meanwhile, Matt Cole, CEO of American asset management firm Strive, stated that "internal discussions are ongoing regarding the scale of Bitcoin purchases." On the 25th (local time), he told Decrypt, a media outlet specializing in virtual assets (cryptocurrency), "The investment scale has not yet been finalized," adding, "There are differing opinions within the company on whether to fully engage in the Bitcoin purchase strategy."
Bitcoin (BTC) briefly recovered the $95,000 level. Meanwhile, BTC is trading at $95,112.40, up 1.64% from the previous day, as of 04:38 on the 26th, based on the Binance Tether (USDT) market.
According to Watcher Guru, a virtual asset (cryptocurrency) specialized media, on the 25th (local time), U.S. President Donald Trump stated, "There is a high possibility that there will be no additional delay once the 90-day mutual tariff suspension period ends."
Bitcoin (BTC) temporarily returned to the $95,000 level. Meanwhile, BTC is trading at $94,552.33, up 1.87% from the previous day, as of 02:51 on the 26th, based on the Binance Tether (USDT) market.
On the 25th (local time), the global cryptocurrency exchange Binance officially announced its criteria for token listing and delisting. According to Binance, the listing criteria include basic project principles, performance indicators, token economy, technical risk assessment, team background, and compliance items. Additionally, the delisting criteria include governance issues of the team, poor market performance and trading activity, and security issues of the product and network. Binance emphasized, "We conduct continuous monitoring of projects, and projects that do not meet the criteria may be delisted."
Cynthia Lummis, a U.S. Senator friendly to cryptocurrencies, stated on the 25th (local time) via X (formerly Twitter) that she will continue to hold the Federal Reserve (Fed) accountable until it treats the crypto industry fairly. Previously, she criticized the Fed's action to abolish the pre-reporting obligation for banks' crypto-related activities as merely a formal measure.
Nasdaq sent a letter to the U.S. Securities and Exchange Commission (SEC) cryptocurrency task force, recommending that a clear classification of virtual assets (cryptocurrencies) will be key to an ideal regulatory framework in the future. On the 25th (local time), according to virtual asset specialist media CoinDesk, Nasdaq argued that virtual assets should be classified into four categories: ▲financial securities ▲digital asset investment contracts ▲digital asset products ▲other digital assets. Nasdaq further emphasized, "The U.S. must establish a clear classification system that can help define categories of virtual assets," and "To effectively promote virtual asset regulation, a very specific asset classification standard is needed. If accurate classification is achieved, it will help determine which institution regulates each asset type." Additionally, "Assets that qualify as securities should be regulated by the SEC, and assets with commodity characteristics should be regulated by the Commodity Futures Trading Commission (CFTC)," adding, "The two regulatory bodies should establish a kind of cross-trading system so that digital asset investment contracts, products, and other types of assets can be traded on one platform."