Key takeaways: BTC hit $97,900 due to soaring institutional investor demand, but futures pricing shows traders aren’t confident in a sustained rally. Macroeconomic risks and global trade tensions cap bullish sentiment despite $3.6 billion in spot BTC ETF inflows. BTC options lean bullish, suggesting big players expect upside, but their caution keeps leverage use low. …
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Pro-crypto senator pushes back on Trump's memecoin dinner — Report
Senator Cynthia Lummis and at least one other Republican in Congress are reportedly critical of US President Donald Trump for offering the top holders of his memecoin a dinner and White House tour. According to a May 2 CNBC report, Lummis said the idea that the US president was offering exclusive access to himself and …
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Ethereum’s era of crypto dominance is over — LONGITUDE panel
Ethereum’s relative dominance among layer-1 (L1) blockchain networks has declined, resulting in an “open race” to become the leading Web3 platform, according to Alex Svanevik, CEO of data service Nansen. “If you’d asked me 3–4 years ago whether Ethereum would dominate crypto, I’d have said yes,” Svanevik said during a panel discussion at the LONGITUDE …
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Most shops in Cannes to accept crypto by summer this year — Web3 exec
Merchants in Cannes, France, the site of the international Cannes Film Festival, are set to begin accepting crypto payments by summer this year in an effort to attract clientele with high disposable income by modernizing the city’s commercial payment ecosystem. According to Artem Shaginyan, founder and head of strategy of Web3 payment company Lunu Pay, …
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Crypto skeptic to release SBF, Mashinsky interviews in documentary
Ben McKenzie, an actor known for his roles on television shows including Gotham and The OC, will make his directorial debut in a scathing documentary about cryptocurrency. According to an April 29 Deadline report, McKenzie wrote, directed, and produced the documentary Everyone Is Lying To You For Money, set to premiere at SXSW London in …
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Bitcoin data, macroeconomic charts point to new BTC all-time high ‘in 100 days’ — Analysts
Key Takeaways: Analyst predicts a low VIX ( Bitcoin network economist Timothy Peterson raised Bitcoin’s (BTC) chances of hitting a new high in 100 days, and he maintains an optimistic outlook in 2025. In an analysis shared on X that ties BTC’s price action to the CBOE Volatility Index (VIX) —an indicator that measures 30-day …
XYO Network tops 10M DePIN nodes — Co-founder
XYO Network has onboarded more than 10 million nodes to its decentralized physical infrastructure network (DePIN), co-founder Markus Levin told Cointelegraph in an interview. The nodes mostly comprise human users who provide data in exchange for rewards via the network’s mobile application, COIN. “The vast majority of our 10 million nodes are mobile users, but …
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Bitcoin ETFs, gov’t adoption to drive BTC to $1M by 2029: Finance Redefined
The cryptocurrency market continued its recovery in the past week as the total crypto market capitalization breached the $3 trillion mark for the first time since the beginning of March. Bitcoin (BTC) rose to an over two-month high of $97,300 last seen at the end of February, before the “Liberation Day” tariffs announcement in the …
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Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
Key points: Bitcoin trends toward $100,000. Will bears sell at this level? Altcoins are trading above their respective support levels, suggesting that an altcoin rally is brewing. Bitcoin’s (BTC) tight consolidation resolved in favor of the bulls with a break above the $95,000 barrier on May 1. The bulls are trying to push the price …
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Why Grayscale’s Bitcoin Trust still dominates ETF revenue in 2025
In the annals of financial history, few institutions have faced the tempests of competition with the steadfast resolve of Grayscale Bitcoin Trust (GBTC). Born in 2013 as a private placement, GBTC pioneered regulated Bitcoin investment, granting investors access to Bitcoin’s (BTC) meteoric rise without the perils of digital wallets or unregulated exchanges. On Jan. 11, …
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