Author: James Wilson
21Shares has launched a new exchange-traded product offering investors regulated exposure to the Cronos blockchain and its native CRO token. The ETP is listed on Euronext Paris and Amsterdam under the ticker CRON. It carries a 2.5% management fee and is designed to simplify access to emerging Web3 infrastructure, according to a release on the matter. Cronos (CRO) is a Layer 1 blockchain built to support decentralized finance, NFTs, and AI-integrated Web3 applications. Crypto.com Interoperable with both Ethereum and Cosmos, the network aims to bridge centralized and decentralized ecosystems. It is developed with support from Crypto.com, which remains a key…
Cryptocurrency prices have pulled back this week as market attention shifts to Wednesday’s Federal Reserve interest rate decision. Bitcoin (BTC) has pulled back from last week’s high of $97,000 to $93,700, while Ethereum (ETH) remains below the $2,000 level. The total market capitalization of all cryptocurrencies has slipped to $2.9 trillion, with the crypto fear and greed index stuck at a neutral point. On the positive side, assets in spot Bitcoin ETFs have surged by $5 billion in the last two weeks, signaling that there is still demand from institutional investors. Another positive is that analysts and Polymarket traders anticipate…
Dow Jones Industrial Average and the S&P 500 opened lower as U.S. stocks slipped again on Tuesday, May 6 amid ongoing tariff uncertainty. S&P 500 slid 0.8%, while Dow Jones Industrial Average futures dropped more than 300 points, or roughly 0.6%. Meanwhile, the Nasdaq Composite shed over 1.1% to lead the early losses for stocks, after a notable dump for futures. The shares of Nvidia, Meta Platforms and Tesla all opened more than 1% lower. Also down after premarket struggles were shares of Goldman Sachs, Lucid and Palantir. The lackluster performance comes as the market awaits the Federal Reserve meeting,…
Ledger users can now sell their crypto for fiat without leaving the company’s secure hardware wallet environment, thanks to a new integration with Web3 payments infrastructure provider Transak. The partnership expands beyond Transak’s existing on-ramp support to now include off-ramping for Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and other assets directly within the Ledger Live app on desktop and mobile, crypto.news can exclusively report. The integration allows users in more than 100 countries to convert crypto holdings into their local fiat currency through bank transfers and other supported payment methods. This marks a significant upgrade to Ledger Live’s ‘Sell’…
“Risk comes from not knowing what you’re doing,” said Warren Buffett, one of the world’s most successful investors. This quote emphasises the importance of knowledge and strategy when it comes to investing, especially in the world of cryptocurrencies. As the market constantly fluctuates, it is crucial for investors to understand the significance of crypto portfolio rebalancing and diversification. Rebalancing involves periodically adjusting the allocation of assets in a portfolio to maintain a desired level of risk and return. Meanwhile, diversification refers to the practice of spreading investments across different asset classes and cryptocurrencies to reduce the risk of significant losses.…
Key Takeaways HB 487 would have authorized the state’s chief financial officer and the State Board of Administration to allocate up to 10% of certain state funds into Bitcoin. “To someone on the outside, it might look like they’re dead, but from within, there’s still time to push,” Samuel Armes, founder of the Florida Blockchain Business Association Two bills aimed at permitting public funds in Florida to invest in Bitcoin have been indefinitely shelved, following the adjournment of the state’s 2025 legislative session on May 2. House Bill 487 and Senate Bill 550, both introduced in February, were officially withdrawn…
The UK government has ruled out creating national cryptocurrency reserves at the moment. Economic Secretary to the Treasury Emma Reynolds expressed negative sentiment towards a Bitcoin (BTC) reserve at the FT Digital Asset Summit in London. Responding to questions… Source link
Casper 2.0 has launched on the mainnnet, with the goal to power decentralized applications for real-world assets. The race for dominance in the real-world asset space is heating up. On Tuesday, May 6, the Casper Association announced the launch of Casper 2.0 on the mainnet. The goal is to establish a platform tailored for RWA applications, one of the most promising use cases for blockchain technology. Matt Schaffnit, CEO of the Casper Association, said the upgrade aims to provide a developer- and business-friendly environment to accelerate RWA adoption. “With instant, deterministic finality, native upgradability, and built-in access control, we’re enabling…
The total stablecoin market cap in the Ethereum ecosystem has jumped approximately 1 million-fold since the token reached $1,400 for the first time in January 2018. According to data on DeFi Llama, the ETH (ETH) stablecoin market cap has gone up to around $124.5 billion on May 6. However, it has declined by 0.08% or around $100 million in the past week. In January 2018, when ETH hit $1,400 for the first time in history, its stablecoin market cap sat at a measly $124,500. Despite its meager beginnings compared to its current state, it was enough to cement Ethereum’s place…
Ethereum is holding firmly above the $1,793 support as the highly anticipated Pectra upgrade approaches on May 7. After weeks of sideways trading, the $1,793 support has become a critical zone, and its ability to hold could dictate Ethereum’s (ETH) next move. Ethereum now faces a potential turning point after a difficult start to the year, down 43% year-to-date and underperforming both Bitcoin (BTC) and Solana (SOL). The market is keeping a close eye on whether the impending technical update can spark new growth. The upcoming Pectra upgrade includes significant improvements that will enhance scalability, staking efficiency, and user experience.…