Day: April 28, 2025

Coinbase to launch yield-bearing Bitcoin fund for institutions

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Coinbase, the world’s third-largest cryptocurrency exchange by volume, is launching the Coinbase Bitcoin Yield Fund on May 1, aiming to offer Bitcoin (BTC) exposure for institutional investors outside the US. The fund targets an annual net return of 4% to 8% on Bitcoin holdings, according to an April 28 blog post by Coinbase. “To address the growing institutional demand for bitcoin yield, Coinbase Asset Management is excited to introduce the Coinbase Bitcoin Yield Fund (CBYF),” the company wrote. The fund is backed by multiple investors, including Aspen Digital, a digital…

Strategy adds 15,355 Bitcoin for $1.4 billion, bringing stack to 553,555 BTC

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Key Takeaways Strategy acquired 15,355 Bitcoin for $1.4 billion, increasing its holdings to 553,555 BTC. The acquisition was funded by selling shares. Share this article Strategy, the largest corporate holder of Bitcoin, announced on Monday that it had acquired an additional 15,355 Bitcoin for approximately $1.4 billion. The purchases, made between April 21 and April 27, were executed at an average price of $92,737 per coin. Strategy has acquired 15,355 BTC for ~$1.42 billion at ~$92,737 per bitcoin and has achieved BTC Yield of 13.7% YTD 2025. As of 4/27/2025,…

Playing Web3 games with one wallet still the ‘vision’ — The Sandbox

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Wallet interoperability still remains the vision for Web3 gaming, according to Arthur Madrid, the co-founder and CEO of the decentralized metaverse and gaming platform The Sandbox.  In an exclusive interview with Cointelegraph at the Crypto Polo event in Dubai, Madrid and The Sandbox co-founder and chief operating officer Sebastien Borget told Cointelegraph that Web3 gaming interoperability remains the goal for The Sandbox. Madrid said:  “So, the vision is still kind of obvious for us. It’s like you need to be able to play any games using one wallet that will…

Stacks Asia expands Bitcoin initiatives with Abu Dhabi partnership

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The Stacks Asia DLT Foundation has become the first Bitcoin-based organization to establish an official presence in the Middle East, aiming to promote institutional Bitcoin adoption through expanded educational initiatives. Stacks Asia has partnered with the Abu Dhabi Global Market (ADGM) — one of the world’s fastest-growing financial centers — in a move that could boost the adoption of its Bitcoin (BTC) layer-2 (L2) solution in the Middle East and Asia. The new partnership will play a “pivotal role” in shaping the future of Bitcoin’s “programmability and adoption” in these…

Crypto ETPs hit 3rd-largest inflows on record at $3.4B — CoinShares

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Cryptocurrency exchange-traded products (ETPs) bounced back with their third-largest inflows on record last week, according to CoinShares. Global crypto ETPs collectively posted $3.4 billion of inflows in the trading week of April 21–25, marking the highest level since December 2024, CoinShares reported on April 28. The inflows were just 13% below the all-time high of $3.85 billion seen in the trading week of Dec. 2–6, 2024, CoinShares previously reported. Renewed investment interest in crypto ETPs came as Bitcoin (BTC) broke back above $90,000 last week for the first time since…

Crypto projects prepare to battle for privacy in Switzerland

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Switzerland has long been seen as a beacon of privacy where companies, organizations and wealthy people put down roots in an effort to avoid the prying eyes of the rest of the world. Joining this cohort are many Web3 projects, which also appreciate the Swiss government’s generally positive stance toward blockchain and digital assets. The country’s reputation as a privacy haven has resulted in Switzerland becoming a hub for privacy projects establishing their foundations or development entities there, including Nym, Session and Hopr — joining traditional privacy software companies such…

ZachXBT flags suspicious $330M Bitcoin transfer triggering Monero surge

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Onchain sleuth ZachXBT has flagged a suspicious transfer involving 3,520 Bitcoin (BTC) (valued at $330.7 million) that may indicate a major theft. The transaction, reported on April 28, saw funds moved from a potential victim’s wallet to the address bc1qcry…vz55g. Following the transfer, the stolen stash was quickly laundered through over six instant exchanges and swapped into privacy-focused cryptocurrency Monero (XMR). The large-scale conversion led to a sharp 50% spike in XMR’s price, with the token reaching an intraday high of $339, according to data from CoinMarketCap. Source: ZachXBT At…

Caitlin Long slams US Fed over stablecoin policy favoring big banks

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Caitlin Long, founder and CEO of Custodia Bank, has criticized the US Federal Reserve for quietly maintaining a key anti-crypto policy that favors big-bank-issued stablecoins, despite relaxing crypto partnership rules for banks. In an April 27 thread on X, Long explained that while the Fed recently rescinded four prior crypto guidelines, it left intact a Jan. 27, 2023, statement issued in coordination with the Biden administration. The guidance, according to Long, blocks banks from engaging directly with crypto assets and prohibits them from issuing stablecoins on permissionless blockchains. “THE FED…

Bitcoin upside could stop at $100K despite $3B in ETF inflows

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Key points: High Bitcoin ETF inflows don’t always signal a price top as historical data is mixed. Spot Bitcoin inflows often precede short-term price rises, not reversals. Bitcoin may hit $100K but faces resistance. Bitcoin’s (BTC) price recovery may be stalled at $100,000 as questions emerge whether high ETF inflows have always marked the local top for the asset. Does $1B Bitcoin ETF inflows signal a top? Bitcoin has displayed bullish momentum after recovering from its multimonth lows of $74,400. BTC is up 8% over the last seven days, as…

Beyond tariffs and chaos — blockchain emerges as the backbone of a parallel economy

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Opinion by: Ross Shemeliak, co-founder and chief operating officer of Stobox The Trump administration is pushing a much-revived policy trajectory, marked by tariffs and sanctions that aim to reshore production. Despite exemptions favorable to technology, this dramatic turnaround may seem like a case of the White House treating global trade as its playground. The president’s tariff agenda is fracturing supply chains overnight and disregarding long-standing economic rules. This latent, chaotic agenda also sees the quiet emergence of a new infrastructure in which blockchain is taking on a fresh role. Insofar…