May 1, 2025 13:29:56 UTC
Bitcoin surged past $96,000 on May 1, marking a significant rebound from February’s low of $78,900. The 21% increase from February and 28% from April’s bottom highlights Bitcoin’s transition from a speculative asset to a key component in institutional portfolios. Analysts cite consistent purchasing from BTC treasury firms and steady ETF inflows as key factors driving sustained institutional interest.
May 1, 2025 12:17:25 UTC
Charles Schwab’s CEO announced on May 1 that the financial giant plans to launch spot cryptocurrency trading within the next 12 months. This move is part of Schwab’s strategy to tap into the growing crypto market and expand its digital asset services for retail and institutional investors.
May 1, 2025 12:17:25 UTC
21Shares, a leading crypto ETP provider, has entered a strategic partnership with Layer-1 blockchain Sui to broaden its global presence. The collaboration will include product launches and research reports, underscoring rising institutional interest in Sui’s scalable, high-performance infrastructure.
May 1, 2025 12:07:25 UTC
At Token2049 in Dubai, Eric Trump revealed that the Trump family’s stablecoin, World Liberty Financial USD (USD1), has been selected as the official stablecoin for MGX’s $2 billion investment in Binance. The announcement follows MGX’s earlier disclosure of plans to acquire a significant stake in the crypto exchange.
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