According to COINOTAG News on May 1st, the latest reading from the cryptocurrency **Fear and Greed Index** stands at 53, a notable decline from yesterday’s 56. This shift indicates a
Galaxy Digital has confirmed its plans to debut on Nasdaq in May, pending shareholder and final listing approval. According to an April 30 announcement , the crypto investment firm aims to begin trading on the Nasdaq Global Select Market under the ticker symbol GLXY on May 16, 2025. The move marks a major step in Galaxy’s long-anticipated transition to U.S. markets, which CEO Mike Novogratz described as a “transformative milestone” that supports the firm’s mission of building a gateway to digital assets and AI. Novogratz added that the Nasdaq listing would enhance shareholder value and attract a broader base of U.S. investors. Galaxy is currently listed on the Toronto Stock Exchange under the ticker GLXY. Following the announcement, its shares rose 3.94% on April 30 to close at CAD $21.92 according to Google Finance data . Before the listing can go live, Galaxy shareholders must first approve a proposed reorganisation and corporate shift from the Cayman Islands to Delaware. You might also like: Bitcoin miners may find better returns in AI than crypto, Novogratz’s Galaxy Digital suggests A special shareholder meeting is scheduled for May 9, and if the resolution passes, the newly formed Galaxy Digital Inc., incorporated in Delaware, will take over as the publicly listed entity in the U.S. The company has already cleared a major hurdle, with the U.S. Securities and Exchange Commission approving its Form S-4 registration statement on April 7. That filing outlines the details of the reorganisation, including a one-for-one share exchange for existing shareholders with no change in voting power or economic interest. Galaxy has sent voting materials to eligible shareholders ahead of the May 9 meeting, outlining the details of the reorganisation and how to cast their vote. Shareholders of record as of April 7 are eligible to participate, with TMX Investor Solutions Inc. handling the process. Once listed on Nasdaq, Galaxy Digital Inc. will continue trading on the Toronto Stock Exchange for a transitional period, maintaining dual listings in both the U.S. and Canada. Over-the-counter shares (BRPHF) will also convert into Nasdaq-listed GLXY shares under a unified CUSIP code. Galaxy is headquartered in New York, with offices across North America, Europe, the Middle East, and Asia. Read more: Galaxy Digital proposes new voting framework to reduce Solana inflation
The post The U.S Will Likely Buy $100 Billion in Bitcoin Soon, Says Sebastian Bea, President of Coinbase Asset Management appeared first on Coinpedia Fintech News Rumors are swirling that the U.S. government could be preparing to make a major Bitcoin move, potentially investing up to $100 billion. While it may sound like a bold idea, Sebastian Bea, President of Coinbase Asset Management, argues that it’s not as far-fetched as it seems. In a recent interview , Bea explained how a small accounting change could unlock enough value for the government to invest in Bitcoin, all without increasing the national debt or printing new money. Gold Revaluation Could Unlock $100 Billion for Bitcoin Currently, U.S. gold reserves are still listed at the 1973 price of $42.22 per ounce, despite gold now trading at over $3,300 per ounce. This discrepancy leaves a nearly $900 billion gap between the gold’s book value and its real market value. Bea suggests that a simple update in legislation to reflect the true value of gold could open the door to a significant financial gain. How Bitcoin Fits Into the Plan The key to making this work is amending 31 U.S.C. § 5117, which would allow the U.S. Treasury to issue higher-value gold certificates. This could effectively create a sovereign wealth fund, with the capital used to purchase Bitcoin. Bea’s strategy aligns with the proposed BITCOIN Act from Senator Cynthia Lummis , which calls for the U.S. Treasury to purchase one million Bitcoin over five years—without adding to the federal deficit. The implications of such a move would be massive. Buying 5.5% of Bitcoin’s market cap would send shockwaves through the global market, potentially triggering other governments to follow suit as they look to remain competitive in an increasingly digital world. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Could It Happen Soon? While Bea has not set a specific timeline, he suggested that the U.S. could make this move as soon as 2025 if the political momentum is right. With Bitcoin currently hovering around $94,000, a U.S. investment of this scale could push the cryptocurrency’s price even higher, setting the stage for a new era of Bitcoin adoption by nation-states . The path to a U.S. Bitcoin reserve might be shorter than we think—especially if Congress decides to make a small but powerful legislative change. The potential impact? 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The U.S. government could invest in Bitcoin by revaluing its gold reserves, which would unlock significant capital. This method avoids the need to print new money or increase debt. How would other governments respond to the U.S. Bitcoin investment? Similar to how central banks increased gold purchases last year, other governments may follow the U.S. lead in investing in Bitcoin to stay competitive in a digital-first economy. What is a Strategic Bitcoin Reserve? A Strategic Bitcoin Reserve refers to a large accumulation of Bitcoin by a government or institution, treating it as a reserve asset akin to gold or foreign currencies. This could be used to stabilize the economy or strengthen national financial security.
Bitcoin’s price shows signs of recovery, with the MVRV ratio bouncing off a historically strong level, signaling potential early bull market conditions. 649,600 BTC, valued at $61.6 billion, was purchased
Decentralized stablecoin platform Ethena has partnered with The Open Network (TON) to make its stablecoins available to Telegram’s user base of over one billion people. The partnership, announced on May 1 at Token2049 in Dubai, will see the deployment of Ethena’s USDe ( USDE ) and Ethena Staked USDe (sUSDe) natively within the TON blockchain. The sUSDe variant will be integrated under the name tsUSDe, enabling Telegram users to access US dollar-denominated savings directly within Telegram. Source: Kirill Malev The deployment involves two major Ethena integrations, including one in the custodial Wallet in Telegram and the second in the TON Space wallet, a non-custodial wallet integrated in the messenger. One of Ethena’s “most meaningful launches” Announcing the news on X, Ethena described its TON integration as “one of Ethena’s most meaningful launches to date.” “Telegram has truly global distribution across its billion users, with presence in emerging economies in regions like Asia, Africa and Latin America,” it added. Source: Ethena According to Ethena, the integration will be progressively rolled out in stages in May, as the deployment involves three major product lines, including support by Wallet in Telegram , non-custodial wallets like TON Space and TON Keeper, as well as TON apps. This is a developing story, and further information will be added as it becomes available. Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26
In these days when Bitcoin and altcoins are expected to rise, news of a partnership came from two altcoins. Ethena Labs and the Ethena Foundation announced on Thursday that they have partnered with the TON Foundation to introduce synthetic stablecoins USDe and sUSDe to the Telegram ecosystem, The Block reported. With this partnership, Ethena’s products USDe and sUSDe will now be included within the TON ecosystem, and Ethena will integrate sUSDe into TON as “tsUSDe” to allow users to directly access the asset via Telegram. Additionally, as part of the partnership, Ethena products will be integrated into Telegram’s native wallet and other TON-compatible wallets, including Tonkeeper and TONHub. Guy Young, Founder of Ethena (ENA), said: “Our partnership with the TON Foundation represents a significant milestone for Ethena, and we are excited to join forces with one of the world’s largest distribution platforms and fastest-growing blockchain networks. “The fact that TON is natively accessible within Telegram and its billions of users provides the perfect place to deploy Ethena’s core product, USDe, as a dollar-saving tool for global users.” *This is not investment advice. Continue Reading: Partnership Announcement From Two Surprise Altcoins Listed on Binance!
The post Justin Sun, Eric Trump to Reveal Crypto’s Future at TOKEN20249 Dubai Today appeared first on Coinpedia Fintech News Are you ready for this? In what’s shaping up to be one of the most-watched moments of TOKEN2049 Dubai , TRON founder Justin Sun and Eric Trump are stepping into the spotlight today for a fireside chat that could have serious implications for crypto’s global trajectory. With Trump now back in the White House and Sun eyeing deeper expansion into the U.S., the timing couldn’t be more significant. And let’s be honest – when a major crypto mogul teams up with the son of a sitting U.S. president at one of the biggest blockchain events of the year, it’s hard not to wonder: what exactly are they planning? Is this just talk, or are we looking at the early moves of a major shift in crypto and politics? Let’s break down what’s really going on. Blockchain, Power Moves, and What’s on the Table Joining them on stage is Zach Witkoff, co-founder of World Liberty Financial (WLFI) – the Trump-affiliated blockchain initiative that’s been gaining traction lately. The trio is expected to cover everything from blockchain’s role in reshaping global finance to the rising momentum behind politically aligned digital assets. Sun hinted that the conversation could pave the way for “deeper cooperation,” suggesting both strategic and symbolic outcomes. The discussion also comes at a time when an application for a U.S.-based TRX ETF has been filed , and Sun has praised the Trump administration’s more proactive stance on crypto regulation – calling 2025 a “ pivotal year ” for TRON’s presence in the American market. Inside TOKEN2049 Dubai This year’s TOKEN2049 Dubai has attracted major industry names, offering a space that feels more like a high-stakes think tank than a typical conference. It’s a place where decisions are made, partnerships forged, and the industry’s direction is debated. Like Eric Balchunas pointed out: the conference’s relaxed atmosphere – with bean bags lined up on the main stage and lunch breaks that encourage casual networking – adds to the unique vibe. The @Token2049 has bean bags lined up on both sides of main stage room. They just served lunch too = nap time for some of them pic.twitter.com/Ab6HcUJ7fR — Eric Balchunas (@EricBalchunas) April 30, 2025 But don’t be fooled; even the laid-back setting is charged with the energy of a group that’s ready to transform the crypto space. Expect today’s chat to dive deep into those very themes – blockchain, finance, and global influence. I can hardly wait. The Sun-Trump Link: Is There More to Unpack? If this pairing feels familiar, it’s because it is. Sun has already poured $75 million into WLFI – where Donald Trump is dubbed “Chief Crypto Advocate” and Barron Trump is charmingly (or strategically) titled “DeFi Visionary.” With the SEC hitting pause on its civil fraud case against Sun, the timing of this reunion is… let’s just say, curious. When politics and crypto collide at this level, people pay attention. We’ll keep you updated right here on Coinpedia!
Wall Street surged Wednesday night after Microsoft and Meta Platforms crushed quarterly earnings and flipped the market’s momentum. The rebound came fast and hard after futures climbed across the board. Traders, rattled earlier by weak GDP numbers and policy confusion from the White House, turned their attention to Big Tech. They pushed Dow futures up 138 points , or 0.3%, while S&P 500 futures rose 0.8%, and Nasdaq 100 futures exploded 1.3%. Every single one of those moves was pinned to earnings. Meta, which posted its Q1 results after hours, gained over 5% in extended trading. Revenue for the quarter came in above estimates. Microsoft went even higher, gaining nearly 7% after beating both revenue and profit estimates for the fiscal third quarter. What caught investor attention was Azure. Its cloud unit delivered strong growth again, and the company gave forward guidance that left buyers satisfied. Shares of Tesla, meanwhile, did the exact opposite. They fell more than 3% in after-hours trading on Robinhood following reports that the board is now hunting for someone to take over from Elon Musk as CEO. No replacement has been named, but the search alone was enough to send the stock sliding. Traders ignore shrinking GDP, buy into market reversal Earlier in the day, the market wasn’t this confident. Wall Street had started the session off messy. By mid-morning, the S&P 500 had dropped more than 2%, and the Dow fell over 780 points. Then everything reversed. By the closing bell, both indexes finished in the green, and it wasn’t based on solid fundamentals either. It was panic first, then buy-the-dip. Part of that panic came from fresh data out of the Commerce Department. The latest read showed gross domestic product shrinking at a rate of 0.3% on an annualized basis. That’s the first quarter of negative growth since early 2022. Analysts surveyed by Dow Jones were looking for a 0.4% increase. They didn’t get it. Instead, the economy slid backward. But traders ignored it, choosing instead to chase beaten-down names into the close. That volatility marked the final trading day of April, which has been brutal. Stocks got rocked after President Donald Trump dropped a “reciprocal” tariff announcement on April 2. He later walked back the harshest ones, but the damage was already done. At one point, the S&P 500 had dropped more than 20% from its February record, enough to qualify as a bear market. The index closed the month still down 9% from its high. The Dow and S&P 500 didn’t recover enough to save the month. The Dow lost 3.2%, while the S&P dropped 0.8%. Only the Nasdaq Composite escaped with gains, finishing April up 0.9%. Fed expectations shift while trading volume lags On the Federal Reserve front, traders now expect the central bank to slash interest rates by a full percentage point before the end of the year. However, recent remarks from Chair Jerome Powell and other Fed officials suggest that they will be very slow to act. There’s no guarantee those cuts will happen anytime soon. Wednesday also marked the 100th day of Trump’s return to the White House. Since he took office, his trade policies, tariff threats, and nonstop political stunts have canceled out any early hope for deregulation or tax breaks. Whatever boost markets felt after his November win has completely evaporated. Volatility is what’s left. The numbers confirmed how rough the session was, even if it ended in green. On the NYSE, declining stocks beat advancers by a 1.19-to-1 ratio. On the Nasdaq, it was worse – 1.28-to-1. The S&P 500 notched 10 new 52-week highs and 3 new lows. But the Nasdaq Composite had 39 new highs and a staggering 85 new lows. And volume? Down. Total trading across US exchanges came in at 16.97 billion shares, way below the 20-day average of 19.57 billion. That’s not exactly a sign of confidence. It just proves how spooked everyone still is, even with a rally on the board. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
The post Tether Targets U.S. Stablecoin Launch, Awaits Regulatory Clarity appeared first on Coinpedia Fintech News Tether announced plans to launch a new stablecoin product in the United States as early as the end of 2025 or early 2026. The timeline depends on how quickly the U.S. Congress moves forward with stablecoin legislation. Tether emphasized that regulatory clarity will be key to the rollout. CEO Paolo Ardoino also highlighted that USDT, Tether’s existing stablecoin, has become one of the most successful financial products globally and a strong export from the United States.
Dan Tapiero suggests Bitcoin might see a major rise amid global economic woes. Depreciation of the US dollar could support Bitcoin's appeal as a safe haven. Continue Reading: Bitcoin Surges Back: Dan Tapiero Predicts Monumental Jump The post Bitcoin Surges Back: Dan Tapiero Predicts Monumental Jump appeared first on COINTURK NEWS .