Top Crypto News – May 1, 2025
1. Galaxy Digital Going Public on Nasdaq
Galaxy Digital has announced it will officially list on the Nasdaq on May 16. This is a major move for U.S.-based crypto firms, signaling growing acceptance of digital assets in traditional financial markets. It could open the door for more institutional investors to step into the crypto space.
2. Coinbase Launches Bitcoin Yield Fund
Coinbase has introduced a Bitcoin Yield Fund targeting institutional clients, with expected annual returns between 4% and 8%. The fund uses strategies like lending and basis trading—basically earning from price differences across exchanges and platforms. This reflects growing interest in passive income from Bitcoin beyond just holding.
3. SEC Postpones Dogecoin and XRP ETF Decisions
The U.S. SEC has delayed its decision on ETFs tied to Dogecoin and XRP, pushing final rulings to June. This keeps the future of meme coin ETFs uncertain, as the SEC continues to tread cautiously in approving more crypto-backed investment products.
Market Update
• Bitcoin is hovering around $94,000,
showing a slight dip but staying relatively stable.
• Ethereum is trading just below $1,800.
• BNB is holding around $598.
Investors are watching closely as the market shows signs of consolidation—some expect a breakout in the coming weeks.
Other Notable Trends
• AI Tokens are making a strong comeback alongside Bitcoin’s recovery. This highlights growing interest in the overlap of artificial intelligence and blockchain.
• Binance’s CEO has expressed confidence that crypto markets will hit new all-time highs this year, citing improving regulations and market momentum.
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