Day: May 1, 2025

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…

Tesla board quietly begins search for Musk’s successor amid company challenges: WSJ

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Key Takeaways Tesla’s board is searching for Elon Musk’s successor amid declining sales. The search is driven by external consultancy and Musk’s reduced focus on day-to-day operations. Share this article Tesla’s board of directors quietly initiated a search for CEO Elon Musk’s successor amid declining sales and profits, reaching out to several executive search firms about a month ago, the Wall Street Journal reported Wednesday, citing people familiar with the talks. The company has also been seeking to add an independent director to its eight-member board and has been meeting…

Ethereum Price Nears Launch Point — Can It Break Free This Time?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price started a fresh increase from the $1,735 zone. ETH is now rising and might aim for a move above the $1,840 resistance zone. Ethereum remained strong above…

Crypto token failures soar, with 1 in 4 launched since 2021 dying in Q1: CoinGecko

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About one in four crypto tokens launched since 2021 have failed in the first quarter of this year amid a crypto market downturn and token creation becoming easier than ever, says crypto data platform CoinGecko. Since 2021, nearly 7 million cryptocurrencies have been listed on CoinGecko’s token tracking tool GeckoTerminal, and over half, or 3.7 million tokens, “have since stopped trading and are considered failed,” CoinGecko research analyst Shaun Paul Lee said in an April 30 report. “Alarmingly, the first quarter of 2025 alone saw the collapse of 1.8 million…

Bitcoin Price Rally Incoming? Bulls Target $95K and Beyond

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price is rising again above the $94,000 zone. BTC is showing positive signs and might aim for a move above the $95,500 resistance zone. Bitcoin remained supported above…

XRP traders predict new all-time highs as ETF approval odds rise to 85%

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Key takeaways: XRP price dropped by 5% over the past 24 hours as US GDP data showed a shrinking economy. However, a strengthening market structure and investors’ growing hope for a spot XRP ETF approval in the United States suggest that the altcoin might revisit its April peak at $2.36 in the short term.  XRP/USD daily chart. Source: Cointelegraph/TradingView Technical charts currently show XRP (XRP) trading within a falling wedge pattern. A “falling wedge” is a bullish reversal chart pattern that comprises two converging trend lines that connect lower lows…