BTC is currently trading around $97,100, ETH around $1,850, and SOL around $153. Notable gainers in the last 24 hours are VIRTUAL, S and HYPE. The global crypto market cap is $3.14T, up 3.6% over the last day. DeFi Total Value Locked is ~$102b and BTC dominance is around 65%.
Equity and crypto markets are higher with 1Q earnings beats from the likes of Meta and Microsoft fueling investor confidence.
Notable news includes: Morgan Stanley is building a crypto trading feature for E*Trade, targeting a 2026 launch; JPMorgan’s blockchain business unit, Kinexys, expanded its MENA footprint through new partnerships with eight of the region’s leading banks; Visa revealed a partnership with Bridge to pilot a stablecoin-linked payment card project in Latin America; Kraken launched derivatives trading for professional clients in the United Kingdom; MEXC announced the launch of a $300m ecosystem fund aimed at funding innovation across the web3 ecosystem over the next five years; Tokyo-based Metaplanet said it will establish a subsidiary in Florida to expand its Bitcoin treasury strategy to the US, capitalizing the entity with up to $250m; Grayscale introduced its Bitcoin Adopters ETF, which will track corporations that have added Bitcoin as a treasury reserve asset; Ethena announced it will be expanding to TON this month, initially integrating with major wallets and DeFi protocols in the ecosystem with plans to launch more products on the chain in the future; World announced its official expansion to the US with initial presence in six cities and revealed new partnerships with Match.com, Visa, Stripe, Circle, Kalshi, and Morpho; Aztec network deployed its testnet; Eric Trump revealed that World Liberty Financial’s USD1 stablecoin has been officially selected as the stablecoin that will be used to close MGX’s $2b investment in Binance; and, crypto payments startup Mesh announced it will launch Apple Pay support for crypto transactions with stablecoin settlement for merchants.
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Author:
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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