Day

May 1, 2025

Bitcoin eyes gains as macro data makes US recession 2025 'base case'

May 1, 20250
Key points:Bitcoin traders wait for signals of US economic policy loosening as data forces the Federal Reserve into a corner.Recession is more likely than not, sources say, amid rising unemployment and resurgent inflation.Bitcoin and risk assets should ultimately gain from a recession shock.Bitcoin (BTC) stands to gain as a US recession becomes the “base case...

Multi-wallet usage up 16%, but AI may address crypto fragmentation gap

May 1, 20250
Fragmentation and complicated user experience remain two of the most significant obstacles to cryptocurrency’s mainstream adoption, according to a new industry report. Most users now use at least two wallets to manage their cryptocurrency investments.The lack of interoperability across blockchains means users need to create multiple wallets to interact with different networks, with users having at least two wallets...

Vitalik Buterin’s vision for Ethereum: Pectra, Glamsterdam and beyond

May 1, 2025, , , 0
Why do Ethereum upgrades matter? Ethereum upgrades are essential to scale, secure and evolve the network without compromising its decentralized foundation.Ethereum still stands as the heavyweight of smart contract platforms, but staying on top means relentless reinvention. Every upgrade isn’t just a technical tweak; it’s a high-stakes move to crack the toughest problems in crypto:...

‘Bad breach of ethics’ — Musk echoes crypto execs in backlash against WSJ

May 1, 20250
Tesla CEO Elon Musk has lashed out at The Wall Street Journal (WSJ), calling the publication’s latest report “an EXTREMELY BAD BREACH OF ETHICS,” after it claimed the Tesla board was actively seeking his replacement as CEO.The report, published on April 30, alleged that the board had approached recruitment firms due to concerns over Musk’s...

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

May 1, 20250
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...

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

May 1, 20250
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...

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

May 1, 20250
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...

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

May 1, 20250
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...

Galaxy Digital plans Nasdaq listing as crypto stocks post strong rebound

May 1, 20250
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...

North Carolina House passes state crypto investment bill

May 1, 20250
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...
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