Standard Chartered predicts Bitcoin could reach $120,000 in the second quarter of 2025. The forecast, released by the bank’s head of digital assets research, Geoffrey Kendrick, suggests the increase will be driven by asset reallocations and shifts in investment flows.
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.
Tether’s tokenized gold product, XAUT, has reached a record backing of over 7.7 tons of gold, according to its first official attestation. With a market capitalization of $770 million, the token is priced at $3,123.57. This surge coincides with increased global demand for safe-haven assets, reflecting investor interest in gold as a store of value.
Changpeng Zhao, the founder of Binance, met with World Liberty Financial (WLFI), a crypto project, in Abu Dhabi. The meeting involved WLFI founders and focused on the project’s international expansion plans. The post highlights the collaboration between Zhao and WLFI, indicating a strategic discussion on crypto market growth.
BYDFi, a cryptocurrency exchange, is now an official sponsor of TOKEN2049 Dubai. The announcement also highlights the Middle East debut of MoonX, an on-chain trading tool. This strategic partnership aims to increase the visibility of both BYDFi and MoonX within the growing cryptocurrency market in Dubai and the broader Middle East region, furthering the adoption of blockchain technology and digital assets.
BTSE Enterprise Solutions is launching a Broker API hackathon in Dubai. The event aims to foster innovation and development in the cryptocurrency space, focusing on solutions for brokers and financial institutions. Participants will compete to build applications leveraging BTSE’s new Broker API, contributing to the advancement of blockchain technology within the financial sector. The hackathon seeks to create new opportunities within digital assets.
FSL has introduced GMT Pay, a new service designed to seamlessly integrate Web3 earnings with traditional payment systems. Based in Sydney, Australia, FSL’s GMT Pay aims to bridge the gap between digital asset rewards and everyday spending, allowing users to access their crypto earnings in the real world. This initiative focuses on simplifying the process of converting digital assets into usable funds, offering a practical solution for those earning within the Web3 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.
Cryptocurrency exchange Bitget is taking legal action against eight users who allegedly profited over $20 million by exploiting a trading glitch related to the VOXEL token. According to Bitget, these users formed a coordinated group to take advantage of a system vulnerability. The exchange aims to recover the funds gained through the exploit. The specific details of the legal action and the vulnerability exploited remain unclear.
This article highlights four promising Initial Coin Offerings (ICOs) expected to perform well in 2025. It suggests that early investment in these projects, including BlockDAG (BDAG), Web3 ai (WAI), and Cold Wallet (CWT), could yield significant returns. The article emphasizes the urgency to invest early as major investors are already showing interest.