Author: James Wilson
Regulatory shifts and increasing client demand prompted Morgan Stanley to start building a crypto trading feature for its E*TRADE platform. Latest regulatory shifts have prompted traditional financial institutions to bet on crypto. On May 1, reports surfaced that global asset manager Morgan Stanley is planning to offer crypto trading services to its E*TRADE clients. According to Bloomberg, the asset manager is already building a crypto trading feature for the platform. The planned launch of the feature is in 2026, when crypto trading will be available for all of its 5.2 million retail clients. Morgan Stanley joins other investment giants in…
Metaplanet is doubling down on Bitcoin with a planned expansion into the U.S., aiming to raise $250 million and position itself as a global force in corporate Bitcoin adoption. In a May 1 post on X, Metaplanet CEO Simon Gerovich revealed that the company will establish a wholly owned subsidiary, Metaplanet Treasury Corp., in Florida, as part of its global expansion strategy. Gerovich noted that this move will accelerate the firm’s Bitcoin (BTC) treasury plans and expand access to U.S. capital markets. “Florida is rapidly emerging as a global hub for Bitcoin innovation, corporate adoption, and financial liberalization,” Gerovich said,…
Bitcoin has reclaimed $96,000, a level not seen since late November 2024, driven by robust institutional demand and easing macroeconomic fears. Bitcoin (BTC) rallied nearly 20% from its April low of $79,000, fueled by $381 million in ETF inflows and renewed optimism after U.S. President Donald Trump’s softened stance on China trade tensions. Source: crypto.news However, analysts warn of resistance at $94,000-$95,000, citing heavy selling pressure in spot markets. With BTC still 16% below its January peak of $109,000, volatility remains a concern, especially as stock market correlations persist. Investors are eyeing whether BTC can sustain momentum amid global economic…
World Liberty Financial’s official stablecoin, USD1, will be integrated into the Tron network as it prepares to mint millions of dollars worth of tokens at the start of the partnership. On the Token2049 stage on May 1, Tron (TRX) founder Justin Sun announced the network will be collaborating with Trump-backed crypto venture World Liberty Financial by integrating its stablecoin USD1 into the blockchain. “I’m really honored, we can collaborate with USD1 on launching this stablecoin to further make this available to 7 billion people on Earth,” said Sun during his fireside session with Eric Trump and World Liberty Financial co-founder…
Bitget Wallet becomes the first digital wallet to integrate itself with Paydify, allowing users to make stablecoin payments at select physical and online merchants. According to the press release sent to crypto.news, the non-custodial crypto wallet has partnered with crypto payment service Paydify to facilitate stablecoin payments. The integration enables merchants to accept stablecoin payments from users via the Paydify platform. Through the integration, users will be able to pay using Tether (USDT) and USD Coin (USDC) at select physical and online merchants via Paydify. Merchants receive instant settlement in stablecoins without needing to create an account on a separate…
World Liberty Financial’s stablecoin, USD1, has been used to facilitate Abu Dhabi’s AI investment firm MGX’s landmark $2 billion investment into Binance. At Token2049 on May 1, World Liberty Financial co-founder Zach Witkoff confirmed that the project’s USD-pegged stablecoin, USD1, has been selected as the official stablecoin for MGX’s investment into Binance. “We are excited to announce today that USD1 has been selected as the official stablecoin to close MGX’s $2 billion investment in Binance. We thank MGX and Binance for their trust in us and I think it’s only the beginning,” said Witkoff during the conference. The investment marks…
VIRTUAL rallied as much as 38% today following renewed investor interest after the Virtuals’ team rolled out a big Genesis update aimed at boosting transparency across the ecosystem. According to data from crypto.news, Virtuals Protocol (VIRTUAL) surged to an intraday high of $1.67 on the morning of May 1, extending its gains to nearly 300% from last month’s low. As of press time, its market cap has crossed the $1 billion mark, with daily trading volume reaching nearly $600 million, a 60% increase from the previous day. Today’s surge adds fuel to a rally that kicked off back on April…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Dubai isn’t just adopting web3—it’s engineering the environment where it will thrive. Through a unique convergence of regulatory clarity, public-private collaboration, and a relentless drive for innovation, the Emirate is rapidly positioning itself as one of the most forward-thinking jurisdictions for digital assets and tokenized finance. Through innovation-friendly regulatory standards and the government’s bold policy strategies, such a pro-enterprise ecosystem ensures economic sustainability, financial security, investor protection, cross-border trades, robust risk mitigation mechanisms, and industry-leading collaborations. As…
Galaxy Digital has confirmed its plans to debut on Nasdaq in May, pending shareholder and final listing approval. According to an April 30 announcement, the crypto investment firm aims to begin trading on the Nasdaq Global Select Market under the ticker symbol GLXY on May 16, 2025. The move marks a major step in Galaxy’s long-anticipated transition to U.S. markets, which CEO Mike Novogratz described as a “transformative milestone” that supports the firm’s mission of building a gateway to digital assets and AI. Novogratz added that the Nasdaq listing would enhance shareholder value and attract a broader base of U.S.…
Sam Altman-backed World project officially launches in six U.S. states, allowing users to claim WLD tokens by scanning their irises. It also plans to launch a card in partnership with Visa. According to the project’s official announcement on April 30, the Sam Altman-backed project is finally making its debut in the United States. However, it is only available in six key cities for the time being, namely Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco. Users living in the six cities will be able to claim the project’s native token, WLD (WLD), by downloading the World App, verifying their…