Coinbase Asset Management is launching the Coinbase Bitcoin Yield Fund (CBYF) on May 1st. The fund targets institutional investors globally and aims for annual net returns between 4% and 8% through a conservative investment strategy. This new offering provides institutional investors access to Bitcoin-based yield opportunities within a regulated framework.
Strategy, formerly MicroStrategy, has increased its Bitcoin holdings by 15,355 BTC, spending approximately $1.42 billion. The average purchase price was $92,737 per Bitcoin. This recent acquisition brings Strategy’s total Bitcoin holdings to 553,555 BTC. The move comes as the company approaches the end of its record-breaking $21 billion ATM capital raise.
Cryptocurrency investment products experienced a record $3.4 billion in inflows last week, the highest since December 2024, according to CoinShares. The surge, with $3.2B of this specifically going to Bitcoin funds, is attributed to investor concerns about a weakening US dollar and potential tariff effects on corporate earnings. This significant influx suggests a growing perception of Bitcoin as a safe-haven asset.
An Ethereum Foundation researcher, Dankrad Feist, has proposed a dramatic increase to the network’s gas limit. EIP 9698 suggests a 100x increase over four years using automated client-side adjustments. This proposal aims to substantially boost transaction capacity and improve overall network performance within the Ethereum ecosystem.
Monero (XMR) experienced a significant price increase, reaching a four-year high, following a reported large-scale Bitcoin (BTC) theft. A blockchain analyst revealed a suspicious transfer of 3,520 BTC, valued at approximately $330.7 million. The article suggests a possible link between the privacy-focused Monero and the alleged illicit activity, driving up its price by 22%. This surge highlights the role of privacy coins in the crypto ecosystem and their potential use in transactions seeking anonymity.
Bitcoin experienced a V-shaped recovery, outperforming traditional risk assets following mixed signals regarding tariffs and central bank policy. After an initial dip, Bitcoin rose, closing Asian hours above $93,000 with traders eyeing $95,000. The article highlights Bitcoin’s resilience in the face of global market adjustments to shifting economic policies.
The article discusses the growing role of stablecoins in e-commerce. It highlights the benefits of cryptocurrencies like lower fees and global reach, while acknowledging consumer concerns about volatility. Stablecoins are presented as a solution, offering the advantages of crypto with reduced price fluctuations, making them a compelling option for businesses and consumers in the digital marketplace.
The article, authored by Bitget’s COO Vugar Usi Zade, argues that the United States is at a crucial juncture regarding stablecoins. It suggests that a shift towards clearer regulatory guidelines could reshape the global crypto market. The author emphasizes the importance of the US seizing this opportunity, implying that failure to act could have negative consequences for the country’s role in the evolving digital asset landscape.
The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP futures-based exchange-traded funds (ETFs) by ProShares Trust, scheduled for April 30th. This approval allows investors to gain exposure to XRP futures contracts through these ETFs. The article mentions a proposal made by ProShares before a pivotal political event.
This article, written by Shane Neagle of The Tokenist, examines the fundamentals of Ethereum (ETH). It notes Ethereum’s enduring position as the second-largest cryptocurrency, despite the decline after the 2017 ICO boom. The analysis likely explores Ethereum’s technological advancements, developer activity, and its potential for future growth, suggesting an evaluation of the cryptocurrency’s current standing and its long-term prospects. The article provides an assessment of if the fundamentals are there, considering its historical performance.