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North Carolina’s House of Representatives has passed a bill allowing the state’s treasurer to invest public funds in approved cryptocurrencies, which will now head to the Senate. The House passed the Digital Assets Investment Act, or House Bill 92, on its third reading on April 30 by a vote of 71 to 44. Republican House …
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Key takeaways: Galaxy Digital plans to begin trading on the Nasdaq on May 16, pending shareholder and Nasdaq approval. Nasdaq-listed crypto firms posted strong gains in April after a period of macroeconomic uncertainty. Galaxy CEO Mike Novogratz says the listing will broaden the company’s investor base and US presence. The Toronto Stock Exchange (TSX) listed …
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Nearly 30 crypto advocate groups led by the lobby group the Crypto Council for Innovation (CCI) have asked the Securities and Exchange Commission for clear regulatory guidance on crypto staking and staking services. The CCI’s Proof of Stake Alliance (POSA) group argued in an April 30 letter to the agency’s Crypto Task Force lead, SEC …
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About one in four crypto tokens launched since 2021 have failed in the first quarter of this year amid a crypto market downturn and token creation becoming easier than ever, says crypto data platform CoinGecko. Since 2021, nearly 7 million cryptocurrencies have been listed on CoinGecko’s token tracking tool GeckoTerminal, and over half, or 3.7 …
Key takeaways: XRP ETF approval odds rise to 85% following a SEC leadership change. Analysts predict XRP could rise to new all-time highs again in 2025. XRP price dropped by 5% over the past 24 hours as US GDP data showed a shrinking economy. However, a strengthening market structure and investors’ growing hope for a …
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Trading platform Robinhood has still managed to beat Wall Street estimates as its first-quarter revenues fell and its crypto trading volume cooled from a record high in Q4. Robinhood’s Q1 results shared on April 30 show revenues fell 8.6% from the previous quarter to $927 million, topping Zacks analyst estimates by 3.16%. The company’s crypto …
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Key points: Solana held the $140 support level for a week, a first in more than two months, highlighting traders’ growing confidence. SOL futures open interest hit $5.75 billion on April 30, showing strong institutional interest. With rising DEX volumes and a $9.5 billion TVL, SOL could rally to $200 before a potential spot ETF …
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