Day: May 2, 2025

Bitcoin ETFs, gov’t adoption to drive BTC to $1M by 2029: Finance Redefined

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The cryptocurrency market continued its recovery in the past week as the total crypto market capitalization breached the $3 trillion mark for the first time since the beginning of March. Bitcoin (BTC) rose to an over two-month high of $97,300 last seen at the end of February, before the “Liberation Day” tariffs announcement in the US, bolstering analyst predictions for a rally driven by “structural” institutional and exchange-traded fund (ETF) inflows into the world’s first cryptocurrency. Risk appetite continued rising among crypto investors, as Chinese state-linked news outlets indicated that…

eToro eyes US IPO launch as early as next week amid easing concerns over Trump’s tariffs

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Key Takeaways eToro plans to launch its US IPO as soon as next week following easing tariff concerns. The company reported $931 million in commission in 2024 up from $639 million the previous year. Share this article eToro may make its US market debut as early as next week, as easing volatility clears the path for one of the most anticipated fintech IPOs paused by Trump’s tariff-driven market jitters, Bloomberg reported Friday. The company, which offers a platform for trading stocks, ETFs, and digital assets, decided to delay its IPO…

Why Grayscale’s Bitcoin Trust still dominates ETF revenue in 2025

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In the annals of financial history, few institutions have faced the tempests of competition with the steadfast resolve of Grayscale Bitcoin Trust (GBTC). Born in 2013 as a private placement, GBTC pioneered regulated Bitcoin investment, granting investors access to Bitcoin’s (BTC) meteoric rise without the perils of digital wallets or unregulated exchanges. On Jan. 11, 2024, it transitioned into a spot Bitcoin ETF following a landmark victory against the SEC. This marked a pivotal moment with the SEC’s view that ETFs can offer lower expense ratios and enhanced tax efficiency…

Bitcoin is a matter of national security — deputy CIA director

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The US Central Intelligence Agency is increasingly incorporating Bitcoin (BTC) as a tool in its operations, and working with the cryptocurrency is a matter of national security, Michael Ellis, the agency’s deputy director, told podcast host Anthony Pompliano. In an appearance on the market analyst and investor’s show, Ellis told Pompliano that the intelligence agency works with law enforcement to track BTC, and it is a point of data collection in counter-intelligence operations. Ellis added: “Bitcoin is here to stay — cryptocurrency is here to stay. As you know, more…

Bitcoin hits new 10-week high as Trump demands rate cut on US jobs beat

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Key points: The US labor market is “still holding up” as nonfarm payrolls data comes in higher than expected. Bitcoin and stocks head higher as US President Donald Trump repeats calls for the Fed to lower interest rates. BTC price action may spark a “liquidity grab” above $97,000, a trader warns. Bitcoin (BTC) hit new multimonth highs after the May 2 Wall Street open as US nonfarm payrolls data beat expectations. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin meanders after nonfarm payrolls beat Data from Cointelegraph Markets Pro and TradingView showed…

Trump urges Fed to lower rates, but strong jobs data makes a cut in June less likely

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Key Takeaways President Trump is urging the Federal Reserve to cut interest rates despite strong employment data. The Federal Reserve is unlikely to lower rates in June due to stable hiring activity. Share this article President Trump on Friday renewed pressure on the Fed to cut interest rates, but the robust April employment data that followed has lowered the odds of a June rate cut, according to Nick Timiraos, often referred to as the “Fed’s mouthpiece” at the Wall Street Journal. The next Fed policy meeting is scheduled for May…

Free speech is at risk without decentralized, open-source technology

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Opinion by: Chris Jenkins, adviser to Pocket Network Tim Berners-Lee’s vision of the World Wide Web is dead. Instead of an open and accessible global information system, the web is controlled by centralized global data conglomerates, which don’t just restrict free speech but also monetize your data as a price of entry. Web2 firms have built walled gardens with massive information asymmetry between companies and users. Blockchain-based decentralized tech challenges the status quo, offering an alternative to Web2’s closed-source infrastructure.  It enables developers and engineers to build a censorship-resistant and…

Ether more ‘like a memecoin,’ says trading firm as ETH drops 45% YTD

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As Ether’s price has struggled in the first quarter of 2025, a US-based investment adviser firm, Two Prime, has dropped support for ETH and adopted a Bitcoin-only strategy. After lending $1.5 billion in loans both in Bitcoin (BTC) and Ether (ETH) over the past 15 months, Two Prime decided to ditch ETH to focus solely on BTC asset management and lending, the firm announced on May 1. “ETH’s statistical trading behavior, value proposition, and community culture have failed beyond a point that is worth engaging,” Two Primes stated. The firm’s…

Moon soon? XRP’s strongest spot premium aligns with 70% rally setup

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Key takeaways: XRP’s strongest spot premium phase suggests real buying demand, not just speculative futures trading. The number of XRP addresses holding ≥10,000 tokens has steadily climbed, even during recent price pullbacks. A falling wedge pattern points to a possible breakout toward $3 to $3.78, with up to 70% upside if confirmed. XRP (XRP) is experiencing its strongest sustained phase of spot premium in history, a period where the spot market has been consistently trading at stronger levels compared to perpetual futures. XRP’s 350% rally is backed by real demand…

Equity Fund Founder Reveals Why XRP ETF Is Anticipated, ‘There’s Value There’

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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. The XRP ETFs have become one of the most anticipated filings in the crypto space, with over 10 already crossing the desk of the Securities and Exchange Commission (SEC).…