The Binance BNB Chain saw a significant surge in its stablecoin market capitalization, increasing by 30% in the past week. This growth, reaching $9.26 billion, was fueled by the introduction of USD1, a dollar-pegged stablecoin issued by World Liberty Financial, which added over $2 billion in value. This expansion highlights the increasing adoption and activity within the BNB Chain ecosystem.
Worldcoin has launched its identity verification platform in the US, allowing users to obtain a World ID through dedicated centers in six cities. The blockchain-based project aims to confirm users’ humanity. The platform’s expansion includes partnerships with Visa and Tinder, suggesting potential integration with financial services and social platforms. The project seeks to broaden the adoption of digital identity solutions within various sectors.
Robinhood’s Q1 results show a significant comeback for retail crypto trading. Crypto-related revenue doubled year-over-year, reaching $252 million and contributing significantly to a 77% rise in overall transaction revenue. This surge highlights the increasing importance of individual investors and renewed engagement in the cryptocurrency market, driving Robinhood’s strongest quarter.
Grayscale has introduced a new exchange-traded fund (ETF) called the Grayscale Bitcoin Adopters ETF (BCOR). This fund allows investors to gain exposure to companies that are incorporating Bitcoin into their treasury strategies. The ETF tracks the performance of firms that are actively embracing Bitcoin. This launch signifies Grayscale’s continued expansion into Bitcoin-related investment products.
Bitcoin’s short-term realized volatility has decreased to 16% following a spike in early April. Realized volatility measures the actual price fluctuations of Bitcoin, offering insights into market turbulence. This metric helps analysts compare option prices to observed price movements. The article highlights the dynamic nature of Bitcoin’s price behavior and provides an analysis of recent volatility trends.
Investor allocations to cryptocurrency have climbed to a yearly high of 1.8% as of April 29th, driven by recent price gains and improved market sentiment, according to a CoinShares report. The report, based on survey data and financial filings, highlights Bitcoin’s leading role in this increased accumulation. The positive trend suggests growing confidence in the digital asset market.
Ethereum co-founder Vitalik Buterin detailed ambitious goals for the network’s 2025 roadmap, coinciding with increased user engagement. The plan emphasizes faster transaction finality, stateless client architecture, improved privacy, and enhanced decentralization. These advancements aim to strengthen Ethereum’s infrastructure and address key areas for future growth and scalability within the blockchain ecosystem.
Ripple’s offer to acquire Circle, the stablecoin issuer, for between $4 billion and $5 billion was reportedly rejected. According to sources, Circle deemed the bid insufficient. The report, published by Bloomberg News, indicates that no final decision has been made regarding a potential revised offer from Ripple.
The Solana Policy Institute, Orca, and Superstate have jointly requested the US SEC to approve a pilot program. This initiative seeks to enable the issuance and secondary trading of securities on public blockchains. The filing, submitted on April 30th, proposes exemptive relief from regulations to allow this new model of securities trading.
Coinbase is backing a constitutional challenge against the IRS’s collection of cryptocurrency user data, arguing it infringes on Fourth Amendment privacy rights. The crypto exchange filed an amicus brief with the Supreme Court, opposing an IRS summons that demands extensive user data disclosure. Coinbase emphasizes the importance of protecting user privacy within the crypto space.