Day: May 1, 2025

Strategy ends April up 32% in best month since November as Q1 earnings loom

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Key takeaways: Strategy’s stock rose 32% in April, its biggest monthly gain since November. Speculation is building that Strategy will announce a major capital raise during its Q1 earnings call on May 1 as it continues to grow its Bitcoin holdings. Analysts expect a 1% year-on-year revenue bump to $116.6 million, following the firm’s $120.7 million revenues for Q4 2024. Michael Saylor’s Strategy closed April with its highest monthly gain since November, ahead of the firm’s highly anticipated earnings call on May 1. Strategy (MSTR), formerly known as MicroStrategy, closed…

Sam Altman’s eye-scanning crypto project World launches in US

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OpenAI CEO Sam Altman’s crypto-tied digital identity project World, formerly Worldcoin, has made its US debut in six cities.  The project, which aims to verify humans in the age of artificial intelligence, is initially coming to what it calls the “key innovation hubs” of Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco, according to an April 30 announcement. World offers a crypto token, Worldcoin (WLD), to those who verify their identity with its spherical device called The Orb, which scans a user’s face and eyes. The data can be…

Crypto losses spike 1,100% in April with 5th-largest-ever hack: CertiK

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Crypto losses spiked by 1,163% over April, with the lion’s share of lost crypto coming from a single heist of an elderly US individual’s wallet, says blockchain security firm CertiK. CertiK said in an April 30 X post that a total of $364 million was lost to exploits, hacks and scams in April, jumping from the $28.8 million recorded by CertiK in March.  The firm added that white hat exploiters had returned around $18.2 million from exploits on the crypto protocols KiloEx, Loopscale and ZKsync, which brought down the month’s…

Open AI CEO’s World makes US debut, announces partnerships with Visa, Stripe, and Tinder

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Key Takeaways World is expanding its digital identity platform to the US, planning to deploy 7,500 Orbs by year-end. Partnerships with Razer and Tinder will integrate World ID verification for gaming and dating platforms. Share this article World, formerly known as Worldcoin, the digital identity project co-founded by OpenAI CEO Sam Altman and Worldcoin CEO Alex Blania, is launching its services and products in the US, the team announced at their latest “At Last” event. The move is part of World’s effort to build a global proof-of-humanity network in an…

Dogecoin (DOGE) Fights to Stay Afloat — Major Hurdles Remain

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Dogecoin started a fresh decline from the $0.1900 zone against the US Dollar. DOGE is now correcting losses and might find face hurdles near $0.1750. DOGE price failed to clear $0.200 and corrected gains. The price is trading below the $0.180 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1740 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.1800 resistance zone. Dogecoin Price Eyes Recovery…

Bitcoin DeFi will have 300M users, beating Ethereum and Solana: Exec

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The first decentralized finance (DeFi) company to launch a user-friendly suite of products on Bitcoin will “win the entire market” of the blockchain’s 300 million users, one crypto founder says. Alexei Zamyatin, the co-founder of the Bitcoin layer 2 Build on Bitcoin, told Cointelegraph at Token2049 in Dubai that “the advantage of Bitcoin DeFi is that the market is much bigger, you have a much bigger retail user base that you can tap into.” “It’s not easy to convert it, but if you manage to win in Bitcoin DeFi, you…

North Carolina House passes state crypto investment bill

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North Carolina’s House of Representatives has passed a bill allowing the state’s treasurer to invest public funds in approved cryptocurrencies, which will now head to the Senate. The House passed the Digital Assets Investment Act, or House Bill 92, on its third reading on April 30 by a vote of 71 to 44. Republican House Speaker Destin Hall introduced the bill in February, which would allow the treasurer to allocate 5% of the state’s investments into designated digital assets. The investments can only be made after obtaining an independent third-party…

XRP Price Needs $2.25 Flip — Bulls Prepping for Fresh Momentum

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Galaxy Digital plans Nasdaq listing as crypto stocks post strong rebound

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Key takeaways: Galaxy Digital plans to begin trading on the Nasdaq on May 16, pending shareholder and Nasdaq approval. Nasdaq-listed crypto firms posted strong gains in April after a period of macroeconomic uncertainty. Galaxy CEO Mike Novogratz says the listing will broaden the company’s investor base and US presence. The Toronto Stock Exchange (TSX) listed crypto investment firm Galaxy Digital is set to move to the US-based Nasdaq on May 16, pending stakeholder approval at its upcoming shareholders meeting. Galaxy’s planned move comes as several Nasdaq-listed crypto firms saw substantial…

US crypto groups urge SEC for clarity on staking

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Nearly 30 crypto advocate groups led by the lobby group the Crypto Council for Innovation (CCI) have asked the Securities and Exchange Commission for clear regulatory guidance on crypto staking and staking services. The CCI’s Proof of Stake Alliance (POSA) group argued in an April 30 letter to the agency’s Crypto Task Force lead, SEC Commissioner Hester Peirce, that staking is fundamentally a technical process, not an investment activity.  “Staking isn’t niche — it’s the backbone of the decentralized internet,” the letter said.  The letter responded to the SEC’s call…