Day

May 1, 2025

US crypto groups urge SEC for clarity on staking

May 1, 20250
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...

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

May 1, 20250
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...

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

May 1, 20250
Key takeaways:XRP ETF approval odds rise to 85% following a SEC leadership change.Analysts predict XRP could rise to new all-time highs again in 2025.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...

Ethereum bulls show interest as traders’ confidence in ETH’s $1.8K level improves

May 1, 20250
Key takeaways:Traders remain cautious about ETH’s price action, but optimistic sentiment is beginning to return.The May 7, Ethereum Pectra upgrade could boost investor sentiment, but ETH’s price action shows investors are still hesitant to open new positions.Ether (ETH) has been trading below $1,900 since March, leading investors to question whether the failed attempt to reclaim...

Solana futures open interest nears all-time high — Will SOL price follow?

May 1, 20250
Key points:Solana held the $140 support level for a week, a first in more than two months, highlighting traders’ growing confidence.SOL futures open interest hit $5.75 billion on April 30, showing strong institutional interest.With rising DEX volumes and a $9.5 billion TVL, SOL could rally to $200 before a potential spot ETF approval on Oct....

Robinhood beats Q1 estimates despite revenue, crypto trading dip

May 1, 20250
Trading platform Robinhood has still managed to beat Wall Street estimates as its first-quarter revenues fell and its crypto trading volume cooled from a record high in Q4.Robinhood’s Q1 results shared on April 30 show revenues fell 8.6% from the previous quarter to $927 million, topping Zacks analyst estimates by 3.16%.The company’s crypto revenue plummeted...
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