📢 Santiment reports that social sentiment has shifted bearish for Bitcoin and Ethereum, while XRP has reached a five-week high in bullish sentiment following recent partnership news.

📢 Ledn Closes $188M Bitcoin-Backed Bond Deal

A new milestone for crypto in traditional finance.

• $188M in Bitcoin-collateralized bonds sold
• First deal of its kind in the US asset-backed securities market
• Bonds backed by $BTC as collateral

📢 Kraken Acquires Magna Ahead of IPO Plans

Kraken is strengthening its institutional stack with a new acquisition.

• Acquires token management platform Magna
• Deal completed through parent company Payward
• Move aligns with Kraken’s broader IPO ambitions

📢 CME Goes 24/7 on Crypto Trading

CME Group is expanding access to crypto derivatives.

• 24/7 trading for crypto futures and options begins May 2
• Expands institutional access beyond traditional market hours
• Aligns crypto derivatives with the always-on digital asset market

📢 Société Générale Expands € Stablecoin to XRP Ledger 🇪🇺

One of Europe’s largest banks is broadening its blockchain footprint.

• $1T Société Générale extends EUR CoinVertible to the $XRP Ledger
• Strengthens euro stablecoin presence across multiple networks
• Signals deeper institutional engagement with blockchain rails

📢 📢 ProShares Launches First Stablecoin Reserve ETF

ProShares is rolling out a new ETF built around stablecoin regulation.

• Introducing the GENIUS Money Market ETF
• Designed to hold compliant reserves for stablecoin issuers
• Structured under the proposed GENIUS Act framework

📢 Banks continue to restrict crypto-related activity, with some investors reporting frozen or limited accounts despite the rise of ETFs and broader institutional adoption.
While crypto is gaining mainstream traction, certain segments of traditional finance remain cautious or resistant.

📢 Coinbase has introduced a new stablecoin yield feature that pays rewards in Bitcoin. The CEO announced that Coinbase One subscribers can hold USDC and earn returns distributed in BTC, noting that “sometimes the smallest features are the coolest ones.”

📢 Glassnode reports that U.S. spot Bitcoin ETF holdings have experienced their biggest cycle drawdown, around 100.3K BTC since the October all-time high, reflecting institutional de-risking.

📢 Hyperliquid led 24-hour chain fee revenue with $1.2M, with Solana at $766K and Tron at $723K trailing behind.

📢 The unrealized loss at $67k equals roughly 19% of Bitcoin's market cap, mirroring pain structure from May 2022 per Glassnode.

📢 According to River, Bitcoin’s Lightning Network has exceeded $1B in monthly transaction volume.

📢 Tether CEO Paolo Ardoino stated that 94 tonnes of XAUT were transferred over the past six months with fees of just 0.0016%.

📢 BlackRock moved 2,563 $BTC to Coinbase in less than 20 minutes.

📢 Just IN: U.S. Q4 GDP printed at 1.4%, missing the 3.0% forecast.

📢 Large $ETH holders are now sitting on unrealized losses.

📢 USDT is heading toward its steepest monthly supply contraction in three years, marking the biggest pullback since the FTX fallout as overall crypto liquidity shrinks.

📢 Quote of the day.

📢 Polymarket indicates there is a 29% probability that a court could require Trump to reimburse the imposed tariffs.

📢 BitMine now holds more than 3 million ETH in staking.