El Salvador continues its Bitcoin acquisition strategy amidst IMF scrutiny, with recent purchases raising its total holdings to 6,161 BTC. Despite restrictions imposed by the International Monetary Fund, the country’s
El Salvador’s Bitcoin stash grows to 6,161 BTC, as the IMF begins its first program review tied to economic and fiscal reforms.
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
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
Coinbase, the world’s third-largest cryptocurrency exchange by volume, is launching the Coinbase Bitcoin Yield Fund on May 1, aiming to offer Bitcoin ( BTC ) exposure for institutional investors outside the US. The fund targets an annual net return of 4% to 8% on Bitcoin holdings, according to an April 28 blog post by Coinbase. “To address the growing institutional demand for bitcoin yield, Coinbase Asset Management is excited to introduce the Coinbase Bitcoin Yield Fund (CBYF),” the company wrote. The fund is backed by multiple investors, including Aspen Digital, a digital asset manager based in Abu Dhabi and regulated by the Financial Services Regulatory Authority. Coinbase introduces Bitcoin yield-bearing fund. Source: Coinbase Related: Michael Saylor hints at Bitcoin purchase as whales stack aggressively The yield will be generated through a cash-and-carry strategy, through the difference between spot Bitcoin prices and derivatives. Unlike Ether ( ETH ) and Solana ( SOL ), Bitcoin holders can’t generate passive income through staking — a gap the fund is aiming to fill, according to the announcement: “Bitcoin yield funds have emerged to address this limitation, but these funds generally require institutional allocators to take on significant investment and operational risk.” The new fund seeks to lower the investment and operational risks typically associated with Bitcoin yield products, which Coinbase says will better align with the risk appetite of institutional investors. Related: Stacks Asia expands Bitcoin initiatives with Abu Dhabi partnership
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 .
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.
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.
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.
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