Author: Admin-aX9d7

In brief Strategy acquired 15,355 Bitcoin worth $1.4 billion last week. Tysons, Virginia-based Strategy now owns around 554,000 worth $52.3 billion. Strategy is over halfway done with its three-year roadmap for $42 billion to buy Bitcoin. Strategy, formerly known as MicroStrategy, acquired 15,355 Bitcoin worth $1.4 billion last week, unveiling its third largest purchase of the asset so far this year, the company announced Monday.The Tysons, Virginia-based Bitcoin treasury now owns around 554,000 worth $52.3 billion based on current prices, according to Securities and Exchange Commission filing. The last time Strategy purchased Bitcoin in such bulk, it spent $1.9 billion…

In brief Base is an Ethereum layer-2 network launched by crypto exchange Coinbase. The exchange wants Base to onboard “billions of users to the cryptoeconomy.” Coinbase has no plans to launch a token for Base. Leading American crypto exchange Coinbase ventured deeper into the on-chain economy with the launch of its Ethereum layer-2 network Base in 2023.Originally billed as “a ‘bridge’ for users into the cryptoeconomy,” Base was designed to house Coinbase’s existing on-chain products and provide an open ecosystem for millions of new decentralized apps.Since its launch, Base has developed into one of the leading Ethereum layer-2 networks, representing…

Coinbase, the world’s third-largest cryptocurrency exchange by volume, is launching the Coinbase Bitcoin Yield Fund on May 1, aiming to offer Bitcoin (BTC) exposure for institutional investors outside the US.The fund targets an annual net return of 4% to 8% on Bitcoin holdings, according to an April 28 blog post by Coinbase.“To address the growing institutional demand for bitcoin yield, Coinbase Asset Management is excited to introduce the Coinbase Bitcoin Yield Fund (CBYF),” the company wrote.The fund is backed by multiple investors, including Aspen Digital, a digital asset manager based in Abu Dhabi and regulated by the Financial Services Regulatory…

Mastercard is moving deeper into the digital asset economy by launching new global capabilities to support stablecoin payments across its vast merchant network, the company announced Monday.The payments giant is working with crypto exchange OKX to roll out the “OKX Card,” aimed at linking crypto trading and Web3 activities with everyday spending. Meanwhile, merchants will soon be able to settle transactions directly in stablecoins such as Circle’s USDC, thanks to collaborations with Nuvei and Circle. Paxos will help extend this functionality to other supported stablecoins like USDP.“When it comes to blockchain and digital assets, the benefits for mainstream use cases…

What to know:Altcoins have lagged Bitcoin year-to-date, but BNB price shows relative resilience, trading only 10% lower than the previous cycle’s all-time high.BNB Chain shows a robust activity, consistently ranking third in daily transactions, active addresses, and TVL, while leading in the number of DApps.The blockchain’s weakest point is its revenue, which still lags compared to competitors.Altcoin price action has been underwhelming for much of the 2023-2026 cycle, pushing many crypto traders to focus primarily on Bitcoin. However, with moderate optimism returning to the markets, a closer look reveals that not all altcoins are struggling. In fact, the total altcoin…

Strategic allocation away from U.S. assets by investors could see bitcoin hit a new all-time high in the second quarter of the year, Standard Chartered’s Geoff Kendrick said in a report Monday.Kendrick sees the world’s largest cryptocurrency as reaching $120,000 this quarter as he reiterated his previous target of $200,000 by the end of 2025. Bitcoin was trading around $95,300 at publication time.Kendrick noted that the U.S. Treasury term premium, which is closely correlated to the bitcoin price, is at a 12-year high. Accumulation by whales has also been strong. In addition, bitcoin time-of-day analysis suggests that American investors may…

Peter Chung, head of research at quantitative trading firm Presto, has repeated his prediction that Bitcoin (BTC) will reach $210,000 by the end of 2025.In an April 28 interview with CNBC, Chung cited institutional adoption and global liquidity expansion as the primary drivers behind his long-term bullish outlook.The analyst acknowledged that market conditions this year haven’t been as expected, specifically the challenging macroeconomic environment and market reaction.However, he described the recent corrections as a “healthy” adjustment, suggesting they have laid a stronger foundation for Bitcoin’s progression toward becoming a mainstream financial asset.“In hindsight, I think it was actually a healthy…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2800.9, up 1.3% (+34.92) since 4 p.m. ET on Friday.Nine of 20 assets are trading higher.Leaders: XRP (+5.8%) and SUI (+5.2%).Laggards: BCH (-6.2%) and UNI (-4.8%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Political bettors on Polymarket and other platforms are paying attention to Canada as the nation heads to the polls.As the country’s 45th election comes to a close, a contract asking bettors to predict who will be Canada’s next Prime Minister gives the Liberal Party’s Mark Carney a 78% chance, and the Conservatives’ Pierre Poilievre a 22% shot.(Polymarket) Political bettors are slightly more skeptical of Carney’s chances of winning than the polls, but both are pointing in the same direction. A poll aggregator from public broadcaster CBC puts Carney’s chances at 89%.(CBC) Myriad Markets, another prediction market, is giving Carney similar…

Did AI write the sentence that you’re reading right now? Did AI create the photograph you just saw online? Was the shocking, controversial story that tipped an election actually real, or AI-fueled misinformation?These are questions Clara Tsao has wrestled with for years, ranging from protecting national security (where she was the CTO of a team focused on countering homegrown extremism) to creating a better internet, where she’s co-founder of the Trust & Safety Professional Association. (She also somehow finds time to be the President of the White House Presidential Innovation Fellows and serve as Senior Advisor at Tech Against Terrorism.)“For…