Coinbase Set to Launch Bitcoin Yield Fund, Targeting 4%–8% Returns for Institutional Investors on May 1

Coinbase is set to revolutionize Bitcoin investment by launching its Bitcoin Yield Fund on May 1, targeting institutional investors and promising substantial returns. This innovative fund aims to offer annual

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MicroStrategy acquired $1.42B worth of bitcoins last week

More on Strategy Strategy: Saylor Buys The Dip, I Buy The Break-Out Why Manually Writing Options On (Micro)Strategy Is Better Than Owning MSTY (Micro)Strategy Wasn't A Free Money Bitcoin Glitch: The Market Is Starting To Catch On Bitcoin retakes $90K mark, spurring surge in crypto stocks Strategy acquires $555.8M more bitcoins during April 14-20

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Ethereum Could Reach 2,000 Transactions per Second Under New Proposal

Ethereum could soon see a major boost in its transaction capacity if a new proposal from Ethereum Foundation researcher Dankrad Feist is approved. On April 27, Feist introduced EIP-9698, which suggests a “deterministic gas limit growth schedule” set to begin around June 1. If adopted, this plan would steadily raise ETH gas limit by a factor of 10 over roughly two years, followed by one final tenfold increase. The changes could theoretically allow Ethereum to handle up to 2,000 transactions per second (TPS)—a big jump from the current 20 TPS seen during simple transaction-heavy periods. The gas limit would expand from 36 million to 3.6 billion, enabling around 6,000 transactions to fit within each block. Feist explained that the predictable growth schedule would align with expected hardware improvements and protocol efficiency, offering a sustainable and transparent roadmap for scaling Ethereum at the base layer. Boosting Ethereum Scalability Feist’s proposal aims to better position Ethereum against faster blockchains like Solana, which currently processes between 800 and 1,050 TPS, with a theoretical maximum of 65,000. The idea comes at a time when the blockchain is seeking new ways to scale beyond its heavy reliance on layer-2 solutions. Critics of Ethereum’s current scaling strategy argue that multiple layer-2 networks have fragmented the ecosystem, resulting in poorer user experiences due to low interoperability. By boosting the mainnet’s capacity, EIP-9698 could provide a more unified and efficient platform for users and developers alike. Feist acknowledged the potential challenges, such as increased stress on less-optimized nodes and slower block propagation times. However, he emphasized that the gradual nature of the gas limit increase would give node operators and developers enough time to adjust and optimize their systems. Upcoming Developments: Fusaka and Pectra Hard Forks Alongside EIP-9698, Ethereum developers are also exploring other ways to increase scalability. Under EIP-9678, they plan to test a fourfold increase to the gas limit during the Fusaka hard fork, anticipated for late 2025. Meanwhile, Ethereum’s next major upgrade, Pectra , is set to go live in May, bringing further enhancements to the network. EIP-9698 marks another step in Ethereum’s ongoing efforts to strengthen its base layer and address the growing demand for faster, cheaper transactions. Whether the community fully embraces this bold expansion remains to be seen, but the path forward could reshape the blockchain’s future dramatically. The post Ethereum Could Reach 2,000 Transactions per Second Under New Proposal appeared first on TheCoinrise.com .

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Faith Protocol Presale Live - Only 3.6M Tokens with Huge Potential of RWA Eco System.

Faith Protocol Introduces Multiple Segments of RWA Metaverse Project in Web3 world with AI Technology, Faith wallet and Faith Dex coming soon. Faith Protocol is excited to announce tech of its presale, inviting early supporters to be part of a growing ecosystem built around real-world utility, decentralized ownership, and seamless Web3 access. Faith Farming with virtual land purchases is live, with Phase 1 already sold, backed by Faith Token, Faith MetaHuman, and MetaCard. Ready to go live with 25 RWA Metaverse projects. Faith DEX and Faith Wallet are launching soon to give users full control of their virtual assets and trades in the Web3 world. Unlike most projects that focus on just one feature or niche, Faith Protocol is creating a connected platform — The Ecosystem: One Token, Multiple Tools where users can manage their digital identity, earn rewards, explore the metaverse, and build their presence in Web3, all from one place. ECOSYSTEM What Is Faith Protocol All About? At its core, Faith Protocol is about connecting everything — identity, metaverse, blockchain, assets, experiences, and opportunities — under a single decentralized roof. Faith Farming is a blockchain-based platform where users can buy, farm, and trade virtual land. Faith Wallet helps users securely store and manage their digital assets. Meta Card gives each user a personalized, verifiable Web3 identity that works across platforms. Faith Metaverse is a digital world where people can work, build, socialize, and own their space. Faith AI offers a helpful guide across the ecosystem, making it easy for anyone to get started — no tech background needed. Education & Jobs open the door to learning Web3 skills and accessing real opportunities. Launchpad gives new projects the tools to grow within the Faith ecosystem. Presale Details The $FAITH token presale is live now. Limited supply of just 3.6M Tokens. Supporters who get in early will gain access to exclusive benefits inside the ecosystem, as well as early governance participation. The presale is available through Faith Protocol’s official websites, faithprotocol.io. There’s no need to be a crypto investor or crypto expert to get involved — the platform is designed with accessibility in mind. Whether you’re here to learn, explore, build, or invest, Faith Protocol is building the space for it. How to Join To join the presale or explore the Faith ecosystem, visit: https://www.faithprotocol.io https://www.faithprotocol.com Media Contact: inquiry@faithprotocol.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Strategy Acquires 15,355 BTC, Achieves 13.7% Yield in 2025

The post Strategy Acquires 15,355 BTC, Achieves 13.7% Yield in 2025 appeared first on Coinpedia Fintech News As of April 27, 2025, Strategy has acquired 15,355 BTC for approximately $1.42 billion, at an average price of $92,737 per Bitcoin. This move has resulted in a 13.7% BTC yield year-to-date in 2025. Additionally, strategy holds 553,555 BTC, valued at around $37.90 billion, with an average purchase price of $68,459 per Bitcoin, reflecting a strong position in the market.

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Nike NFT Platform Shutdown Triggers Alarming $5M RTFKT Lawsuit

The world of Web3 adoption by major brands has been exciting, but it’s not without its pitfalls. A recent development involving sports giant Nike highlights the potential legal challenges companies face when venturing into the volatile realm of digital assets. Specifically, the Nike NFT project, RTFKT, is now at the center of a significant class-action lawsuit. What Led to the RTFKT Lawsuit? According to reports, investors who purchased NFTs associated with Nike’s RTFKT platform have filed a $5 million class-action lawsuit. The core of the complaint, filed on April 25 in a Brooklyn federal court, revolves around allegations that Nike violated consumer protection and unfair trade laws. The plaintiffs claim that Nike actively promoted RTFKT NFTs to attract investment, only to then abruptly shut down the platform in January 2024. This shutdown, they argue, caused “significant damages” to the investors. Let’s break down the key points of the plaintiffs’ argument: Promotion and Investment: Nike allegedly used its brand power to market the RTFKT NFTs, encouraging people to invest. Abrupt Shutdown: The platform was reportedly shut down unexpectedly, leaving investors with potentially devalued assets and limited utility. Significant Damages: The lawsuit seeks $5 million in damages to cover the losses incurred by investors. The Heart of the Claims: Unregistered Securities? Perhaps the most serious allegation in the lawsuit is the claim that the RTFKT NFTs were, in fact, unregistered securities. The plaintiffs contend that these digital assets were sold without the necessary approval from the U.S. Securities and Exchange Commission (SEC). This is a critical point in the evolving landscape of crypto regulation. If the court were to agree that these NFTs meet the legal definition of a security, it could have far-reaching implications not only for Nike but for other companies that have launched similar NFT projects. Understanding the concept of unregistered securities in the context of crypto often involves the Howey Test, a framework used by the SEC to determine if a transaction qualifies as an investment contract. The test considers: An investment of money. In a common enterprise. With the expectation of profits. Derived solely from the efforts of others. The plaintiffs in the RTFKT lawsuit likely argue that their purchase of Nike’s NFTs meets these criteria, positioning the NFTs as investment contracts that should have been registered with the SEC. Examining the Impact: The NFT Lawsuit and Asset Value A central piece of evidence cited in the lawsuit is the dramatic drop in the value of the RTFKT NFTs since their launch. This depreciation is presented as a direct consequence of the platform’s shutdown and the alleged actions of Nike. Consider the trajectory based on data from OpenSea: Timeframe Average Price (ETH) Approximate Price (USD) April 2022 (Launch) 3.5 ETH ~$8,000 April 2025 0.009 ETH ~$16 This stark contrast in value underscores the plaintiffs’ claim of significant financial loss. While the broader NFT market has experienced volatility, the lawsuit specifically links the devastating drop for RTFKT holders to Nike’s management and ultimate shutdown of the platform. Wider Implications: A Crypto Legal Challenge for Brands The Nike RTFKT lawsuit is more than just a dispute over one specific NFT collection; it represents a significant crypto legal challenge for established brands entering the Web3 space. It raises crucial questions about: Brand Responsibility: What level of responsibility do major companies have to investors in their digital asset projects? Platform Longevity: Is there an implicit expectation of long-term support for NFT platforms launched by large corporations? Regulatory Clarity: How should NFTs be classified, and what are the legal obligations surrounding their sale and promotion? Consumer Protection in Web3: How do existing consumer protection laws apply to decentralized or semi-decentralized digital environments? This case could potentially set a precedent for how future brand-led NFT initiatives are structured, marketed, and managed. It highlights the need for companies to approach Web3 with a robust understanding of potential legal and regulatory hurdles, as well as a clear strategy for platform sustainability and investor communication. Navigating the Future: Lessons from the RTFKT Lawsuit For brands considering or currently involved in Web3, the RTFKT lawsuit serves as a cautionary tale and offers valuable insights: Prioritize Legal Review: Before launching any digital asset project, seek comprehensive legal counsel regarding securities laws, consumer protection, and intellectual property in the blockchain space. Be Transparent: Clearly communicate the risks associated with investing in volatile digital assets. Avoid language that could be interpreted as guaranteeing returns or long-term value appreciation. Plan for the Long Term: Have a clear strategy for the utility, support, and potential sunsetting of a digital platform. Abrupt shutdowns can erode trust and lead to legal challenges. Understand Market Dynamics: While market volatility is inherent in crypto, be prepared for how market downturns can exacerbate investor dissatisfaction, especially if coupled with platform issues. The outcome of this case will be closely watched by the crypto community, legal experts, and corporations alike. It underscores the ongoing tension between innovation in the digital asset space and the need for robust legal frameworks to protect investors. Conclusion: A Turning Point for Brand NFTs? The $5 million class-action lawsuit against Nike over its RTFKT NFT platform is a stark reminder that entering the Web3 space requires careful consideration of legal, regulatory, and consumer relations aspects. The allegations of unregistered securities and significant damages highlight the potential risks when established brands navigate the complex and often uncertain world of digital assets. As this crypto legal challenge unfolds, its resolution could significantly influence how other major companies approach NFTs and decentralized technologies in the future, emphasizing the critical importance of compliance and transparent communication in this rapidly evolving market. To learn more about the latest crypto legal challenges and regulatory trends, explore our articles on key developments shaping the digital asset landscape.

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Bitcoin Set to Reach $120,000: Expert Predicts Major Uptrend Driven by Strategic Fund Reallocation

The latest insights from COINOTAG, dated April 28th, reveal significant projections from Standard Chartered Bank regarding the trajectory of Bitcoin. As shared by Geoffrey Kendrick, the bank’s Global Head of

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Can Bitcoin cloud mining really make money? Revealing how American workers can achieve wealth freedom through cloud mining

For years, many migrant workers in the United States have struggled to make ends meet, working long hours in physically demanding jobs that barely provide enough for basic living expenses. But what if there was a way for these workers to break free from their routine lives and achieve financial independence without leaving their communities? This is exactly what cloud mining with Snxcrypto has made possible for many, including one remarkable individual—James Miller, a 34-year-old former construction worker who found his path to financial freedom through Snxcrypto's clean energy mining solutions. A Hard Life of Labor James Miller's story is one that resonates with many migrant workers across the U.S. As a construction worker, James spent over 12 hours a day in the blistering heat, doing backbreaking work that barely paid the bills. Each week, he earned just $200, struggling to support his family and deal with the pressures of life in a foreign land. Despite his long hours and hard work, James could see no end to his financial struggles. The dream of building a better life seemed just out of reach. However, everything changed for James when he learned about cryptocurrency and the potential it held. Intrigued by the idea of passive income, he began researching the world of digital currencies. After some time, he discovered Snxcrypto—a platform offering clean energy cloud mining solutions that made cryptocurrency mining accessible to everyone, including people like James who had no prior knowledge of mining equipment or technology. The Leap into Cloud Mining Armed with only a small savings of $50,000 and a strong desire to change his life, James decided to take a bold step and invest in Snxcrypto’s cloud mining service. As a clean energy platform, Snxcrypto uses renewable resources like wind, solar, and hydroelectric power to provide stable and cost-effective energy for mining operations. This not only made the platform sustainable but also gave James peace of mind knowing that he was participating in an eco-friendly way of earning cryptocurrency. In just 30 days, James saw his initial $50,000 investment grow by $50,000 more. This was the first sign that cloud mining with Snxcrypto could change his life. Unlike traditional mining methods that require heavy equipment and significant energy costs, cloud mining allowed James to bypass these barriers and start earning with just a few clicks. How Snxcrypto Works Cloud mining, in simple terms, allows users to rent the computing power of remote servers, avoiding the high costs and maintenance associated with traditional mining rigs. With Snxcrypto, James didn't need to worry about purchasing or maintaining expensive mining hardware. Instead, he simply bought a mining contract that suited his goals and started earning cryptocurrency right away. Here are some reasons why Snxcrypto stands out: Clean Energy Mining: Snxcrypto uses renewable energy sources , such as wind, solar, and water, to power its mining operations. This means users can enjoy the benefits of mining without contributing to environmental degradation. State-of-the-Art Equipment: Snxcrypto employs the latest ASIC mining machines and GPU technology, ensuring that users receive the highest returns possible. Secure Funds: Snxcrypto stores the majority of user funds in offline cold wallets, ensuring that assets are safe from hackers. The platform also features McAfee® SECURE and Cloudflare® protection for added security. No Hardware Required: With Snxcrypto, users don't need to worry about purchasing or maintaining mining rigs. The platform provides the computing power, so users can focus on earning instead of managing hardware. 24/7 Customer Support: Snxcrypto’s customer service team is available around the clock to assist users with any questions or issues they may encounter. Daily Payments: One of the key benefits of Snxcrypto is that users receive payments every day, providing a steady and reliable stream of income. A New Path to Wealth James Miller’s journey didn't stop with his first $50,000 profit. Over the next few months, he continued to invest in Snxcrypto’s cloud mining services, watching his returns grow exponentially. What started as a small investment quickly turned into a life-changing fortune. Within a year, James had turned his initial $50,000 investment into millions, all thanks to Snxcrypto’s clean energy-powered mining solutions. James' story is just one example of how Snxcrypto has helped migrant workers and ordinary people achieve financial independence. With its easy-to-use platform, minimal startup costs, and high returns, cloud mining with Snxcrypto is enabling individuals from all walks of life to tap into the booming cryptocurrency market and start earning without the need for technical knowledge or costly hardware. Get Started with Snxcrypto Are you ready to start your own journey toward financial freedom? Getting started with Snxcrypto is simple: Register: Create an account on Snxcrypto’s official platform. Choose Your Contract: Select a mining contract that aligns with your financial goals and investment level. Start Mining: Let Snxcrypto’s powerful hardware work for you, while you sit back and enjoy the rewards. Receive Daily Payments: Watch your passive income grow with daily payouts, giving you a steady source of revenue. Special Offer: Sign up today and receive a $100 bonus to kickstart your cloud mining journey. With this bonus, you can start mining and earning without any initial investment. Conclusion James Miller’s story is a testament to the power of cryptocurrency and the opportunities that clean energy mining can provide. Thanks to Snxcrypto, migrant workers and individuals from all backgrounds are finding new ways to earn passive income, break free from the constraints of traditional work, and build better lives for themselves and their families. Whether you’re new to cryptocurrency or an experienced investor, Snxcrypto’s easy-to-use platform, security features, and sustainable mining solutions can help you achieve financial success.For more information, visit the Snxcrypto official website . And get $100 for free to start your cloud mining fortune. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Coinbase Launches Bitcoin Yield Fund for Institutions

The post Coinbase Launches Bitcoin Yield Fund for Institutions appeared first on Coinpedia Fintech News Coinbase Asset Management is set to launch the Coinbase Bitcoin Yield Fund on May 1. The fund targets an annual net yield of 4%-8%, with returns paid in Bitcoin. Available exclusively to institutional investors outside the U.S., it uses a basis trading strategy between spot and perpetual futures markets. Aspen Digital, among other institutions, has joined as a seed investor, reflecting strong interest from the institutional sector in Bitcoin yield products.

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First Signal Then Buy! MicroStrategy Made Its Weekly Bitcoin Purchase! Here's Its Latest BTC Amount!

MicroStrategy (Strategy) announced that it purchased 15,355 Bitcoin (BTC) between April 21-27. Accordingly, MicroStrategy purchased 15,355 BTC worth $1.42 billion at an average price of $92,737. Strategy founder Michael Saylor announced the news via a post on his X account. “Strategy purchased 15,355 BTC for approximately $1.42 billion, at approximately $92,737 per Bitcoin, generating a 13.7% BTC Yield in 2025 YTD. As of 04/27/2025, we hold 553,555 BTC purchased for approximately $37.90 billion at approximately $68,459 per Bitcoin. $MSTR has acquired 15,355 BTC for ~$1.42 billion at ~$92,737 per bitcoin and has achieved BTC Yield of 13.7% YTD 2025. As of 4/27/2025, we hodl 553,555 $BTC acquired for ~$37.90 billion at ~$68,459 per bitcoin. https://t.co/5OOs3UdWLg — Michael Saylor (@saylor) April 28, 2025 *This is not investment advice. Continue Reading: First Signal Then Buy! MicroStrategy Made Its Weekly Bitcoin Purchase! Here's Its Latest BTC Amount!

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