Wall Street’s $292 billion risk-on rotation just created a new bullish setup for Bitcoin

Bitcoin  Wall Streets $292 billion risk-on rotation just created a new bullish setup for Bitcoin  Global equity funds pulled in over $15 billion in the week through Apr. 1, then $23.47 billion, $31.26 billion, and finally $48.72 billion in the week through Apr. 22.  Global money-market funds simultaneously bled a $173.24 billion outflow in the week through Apr. 15, the biggest single-week exit from cash since at least September 2018.  Together, the figures create a roughly $292 billion risk-on signal, combining $118 billion of global equity fund inflows across four weeks with a separate $173 billion weekly exit from cash.  Coinbase and Glassnode‘s Q2 Institutional Outlook puts BTC’s daily return correlation with the S&P 500 at 0.58 in the fourth quarter of 2025, while its relationship with gold stays negligible.  When capital flows toward risk, it flows toward the asset class Bitcoin currently behaves like.  Global equity funds attracted $48.72 billion in the week through April 22 while money-market funds shed a record $173.24 billion the prior week.  The more pointed detail comes from Coinbases survey of 91 global investors, comprising 29 institutions and 62 non-institutions, conducted between Mar. 16 and Apr. 7.  Among institutional respondents, 75% view Bitcoin as undervalued, while 61% of non-institutional crypto investors hold the

05-03

XRP Bulls Eye Breakout As Ripple Unveils 13,000 Bank Connections Worldwide

Riley also floated a speculative framework suggesting XRP could be worth $625 per token if 20 billion XRP were responsible for moving all $12.5 trillion in annual flows.  The token currently trades around $1.37. That gap is enormous, and analysts warn the projection rests on shaky assumptions about liquidity use and token velocity.  XRPs value, under this model, would depend less on market sentiment and more on how deeply banks actually use the token in real transactions.  That last part is the sticking point. Ripple‘s payment system does not always require XRP to function. Reports note it remains unclear what share of that $12.5 trillion actually moves through XRP versus Ripple’s broader infrastructure.  Having 13,000 banks in a network is one thing. Getting them to route payments through a digital asset is another.  Schwartz Pushes Back On Hype  Schwartz has been direct. He acknowledged that NDAs do involve confidentiality but said the theories building around them go well beyond what the agreements actually cover.  According to Schwartz, the idea that something earth-shattering is waiting to be revealed misreads how these arrangements work in practice.

05-03

Coinbase says crypto bill deal clears Senate path

Coinbase says Senate negotiators have reached a deal on a disputed crypto bill provision tied to stablecoin rewards. Coinbase says negotiators reached a rewards compromise, easing a key delay for the CLARITY Act.Banks secured limits on deposit-like yield, while crypto firms kept activity-based user rewards under rules.The Senate markup path now depends on committee support, regulatory details, and wider political backing.  The agreement could help the CLARITY Act move toward a Senate markup after months of delay.  According to a Reuters report, the debate centered on whether crypto firms and stablecoin issuers should offer rewards to customers. Banks opposed the provision because they said yield-style rewards could pull deposits away from traditional lenders.  Crypto companies argued that they need room to reward users for real platform activity. Coinbase said the new language protects that ability while adding more limits around rewards that look like bank interest.  Coinbase Chief Policy Officer Faryar Shirzad said, “In the end, the banks were able to get more restrictions on rewards, but we protected what matters.” He added that crypto platforms kept the ability for Americans to earn rewards based on real usage of crypto platforms and networks.  Banks win limits on deposit-like yield  The compromise was negotiated by Senators Thom

05-03

Crypto industry will be ‘just fine’ if CLARITY Act doesnt pass: Chris Perkins

The US crypto industry‘s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesnt make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins.  “If not, we‘re going to be just fine,” Perkins said on Cointelegraph’s Chain Reaction podcast on Friday, emphasizing that the two major financial regulators are already building workable frameworks.  Perkins pointed to ongoing efforts by US Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Futures Trading Commission (CFTC) Chair Michael Selig, following the agencies joint interpretation released in March on how federal securities laws apply to crypto assets.  Being labeled a security was once a “death sentence” for crypto  “These guys are creating policy and precedent every single day, and they are giving us the one thing weve needed for a very long time, that certainty, that stability, and ultimately, a taxonomy,” Perkins said.  “In the past, being a security was a death sentence; there was nowhere to go with it, and it just didnt reconcile…now it is awesome to be a security,” he said.  During the Joe Biden administration, under former SEC chair Gary Gensler, crypto tokens classified as securities

05-03

Bakkt Completes DTR Acquisition Amid Revenue Growth and Strategic Overhaul

Tech  Bakkt Completes DTR Acquisition Amid Revenue Growth and Strategic Overhaul  Bakkt Inc. has finalized its acquisition of Distributed Technologies Research (DTR), a developer of agentic payments and stablecoin infrastructure, about three months after formally agreeing to the purchase. The move follows a transformative third quarter in which the company reported $402.2 million in GAAP revenue—a 27% year-over-year increase—and completed a major structural overhaul.  The deal combines Bakkt‘s regulated, institutional-grade infrastructure and nationwide licensing footprint with DTR’s AI-native engine and compliance stack. By embedding stablecoin capabilities directly into its core infrastructure, Bakkt is positioning itself to deliver a 24/7 digital settlement layer that bypasses the friction of traditional correspondent banking.  “The architecture of money movement rarely evolves at this level,” said Akshay Naheta, CEO of Bakkt. “This transaction accelerates the re-platforming of global financial infrastructure. By fully integrating DTRs technology, we are introducing stablecoin functionality as a critical bridge between legacy financial systems and the next generation of digital assets.”  The acquisition is the cornerstone of Bakkt‘s new strategy, which revolves around three business lines: Bakkt Markets, Bakkt Agent (the AI-driven stablecoin platform powered by DTR) and Bakkt Global. This streamlined approach follows the Oct. 1 sale of the company’s noncore loyalty business and the

05-03

Starlink Usage Turns Fatal in Iran Internet Blackout

Afshin Kolahi, a member of Irans Chamber of Commerce, estimates that the blockade has caused daily economic losses of up to $80 million, with total losses reaching over $2.5 billion. Nonetheless, it has also affected the human rights of Iranians, who are now being pursued for seeking ways to sidestep this blockade.  According to local reports, Hesam Alaeddin, a 40-year-old man who was arrested in Tehran for allegedly using a Stralink terminal to access the internet, was beaten to death in his home during questioning and a search after his electronic devices were seized.  This would be one of the first deaths reported linked to the use of Starlink terminals in Iran, after the devices became an escape from the blockade that maintains most of the population disconnected.  The regime has been targeting Starlink, the famous satellite internet company, whose usage is considered a crime in the country, since January. In April, four individuals were arrested for importing Starkink terminals, accused of being part of a foreign espionage network.  Even so, the few Iranians who can purchase the kits on black markets for thousands of dollars, and those who use specialized virtual private networks (VPNs), keep risking their lives to reach beyond the digital

05-03

Greg Abel Reveals Berkshire’s ‘Narrow AI’ Direction After Buffett Retirement

Greg Abel told Berkshire Hathaway shareholders Saturday that the conglomerate will adopt artificial intelligence (AI) only where it adds clear value, rejecting industry-wide hype in his first annual meeting as the designated successor to Warren Buffett.  His remarks, delivered in Omaha on May 2, set out a cautious deployment strategy across Berkshires insurance, rail, energy, and manufacturing units. Buffett, who recently retired from the chief executive role, did not weigh in on AI during the session.  Narrow AI, Not Hype  Abel told shareholders that AI must improve efficiency, safety, or decision-making before Berkshire deploys it. The vice chairman pointed to railroad subsidiary BNSF, where targeted AI tools are sharpening operations, and to insurance, where the company uses technology to flag fraud and deepfake threats.  Organizers opened the meeting with an AI-generated video of Buffett, which Abel called a serious risk Berkshire manages every day.  “It has to be additive to our businesses. Were not going to do AI for the sake of AI,” he said.  The framing extends Buffetts long-standing skepticism of unproven tech narratives, and stands in contrast to peers cutting jobs or rebranding around AI capabilities.  Energy Unit Positioned for Data-Center Boom  The clearest growth angle came from Berkshire Hathaway Energy. Data centers already account for

05-03

Ethereums Glamsterdam upgrade triples gas limit, boosts scalability

Ethereum  Ethereums Glamsterdam upgrade triples gas limit, boosts scalability  Ethereum‘s price prediction market for May is currently assessing the impact of the Glamsterdam upgrade, which involves a substantial increase in the gas limit. The market appears to be considering a potential increase in Ethereum’s price, driven by enhanced scalability and utility.  ## Key Takeaways  – The Ethereum gas limit increase appears to suggest enhanced scalability and utility for the network. – Market pricing suggests participants view the upgrade as potentially supportive of Ethereum price increases. – Ethereum price predictions for May are consistent with scenarios where the networks improvements drive increased demand.  ## Article Body  The Ethereum blockchain is set to undergo a major enhancement with the upcoming Glamsterdam upgrade, which will increase the network‘s gas limit from 60 million to approximately 200 million. This change is expected to more than triple the Layer 1 execution capacity, significantly improving Ethereum’s scalability. The upgrade, which was agreed upon by over 100 core developers at the Soldøgn Interop event, aims to reach 10,000 transactions per second. Hasufl, a prominent figure in the Ethereum community, noted that unless there is a corresponding surge in demand, gas fees are likely to remain minimal. This development is part of a broader

05-03

Whale Places $90M Leveraged Bet on BTC, ETH Rally

Bitcoin Ethereum  Whale Places $90M Leveraged Bet on BTC, ETH RallyA $90M leveraged crypto bet sits close to liquidation as Bitcoin and Ethereum trade near entry levels.High 20x leverage leaves trader wallet 0x049b exposed to sharp losses if prices dip slightly further.Market sees heavy liquidations, but whale flows remain split between aggressive bets and long-term holding.  A crypto trader has opened a high-risk bet worth about $90 million on Bitcoin and Ethereum, according to blockchain analytics platform Lookonchain. The move shows how some market players are still expecting sharp price swings in the near term. The trader, identified as wallet “0x049b,” used heavy leverage to enter both positions, which increases both potential gains and losses.  The position holds 586.68 Bitcoin worth about $45.8 million and 19,416 Ethereum valued at nearly $44.7 million. The trade sits very close to its liquidation levels, so even small price drops could trigger a forced exit. Bitcoin entered around $78,540, while Ethereum started near $2,317, showing how tightly the position is set to current market prices.  Leveraged Positions Raise Market Risk  According to Hypurrscan data, the trader has 586.68 Bitcoins and 19,416 Ethereum via perpetual futures, with both positions leveraged 20 times in isolation. The position on Bitcoin was taken

05-03

Crypto ETF: Bitcoin, Ethereum Funds Record Massive Inflows of $731M

This influx follows a series of crypto ETF outflows around the end of April. On April 29, Bitcoin ETFs experienced net outflows of $137.6 million. Also, on April 30, it experienced a net outflow of 23.5 million. Previously, there was a bigger outflow of funds of $263.2 million as of April 27.  On May 1, Ethereum ETFs saw an addition of $101.2 million, a reversal of a clear outflow pattern. During the days before the rebound, Ether ETF products recorded withdrawals totaling $87.8 million on April 29 and $23.7 million on April 30.  Ethereum ETFs Inflow Data | Source: Farside Investors  There were also crypto ETF outflows for ETH earlier in the month. Ethereum ETFs saw redemptions of $75.9 million on April 23 and $50.4 million on April 27, as sustained redemptions preceded inflows as they returned.  According to the XRP Insights data, XRP ETF products are growing more slowly. The total assets under management are estimated to be $1.12 billion.  Around 828.33 million XRP are locked, which is approximately 0.8283% of the total supply. The weekly net inflow is 11.28 million XRP, or about $15.68 million. However, despite ETF inflows, there were zero flows into Solana ETF products.  Whats Next for Bitcoin Price?  Meanwhile, analyst Michaël

05-03
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