#Weekly Market Highlights - Global Crypto Expansion Amid Regulatory Changes
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Weekly Market Highlights - Global Crypto Expansion Amid Regulatory Changes
Binance News
May 2
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Official verified Binance account
May 2, 2025
Macro/TradFi
US GDP shrank by 0.3 percent in Q1 2025, marking the first quarter of negative growth in three years, as global trade tensions affected the economy.
SEC Chairman Paul Atkins indicated a pro-crypto shift, supporting clearer regulations for digital assets and a possible reversal of restrictive policies in his first public statement at the crypto roundtable.
Morgan Stanley plans to offer crypto trading through E*Trade in 2026, expanding access to digital assets for their wealthiest clients, who already have exposure to crypto ETFs and futures.
BlackRock filed to offer tokenized shares of a $150 billion Treasury Trust Fund through BNY Mellon.
Nasdaq filed a 19b-4 proposal to list and trade shares of the 21Shares Dogecoin ETF, with Bloomberg analysts estimating a 75% chance of approval, despite the SEC delaying Bitwise's application.
21Shares filed for a spot SUI ETF in the United States, expanding its crypto ETF offerings beyond Bitcoin and Ether.
Strategy acquired 15,355 BTC for $1.42 billion, bringing its total holdings to 553,555 BTC, valued at $52 billion, funded by selling $1.4 billion in Class A common stock and $37.5 million in STRK preferred shares.
