The digital asset investment landscape is seeing a strong comeback. Institutional and retail investors are pouring money into the space. Over the past three weeks, there have been substantial inflows into digital asset investment products: – Week 1: $2B – Week 2: $1.5B – Week 3: $2B Total: $5.5B This means that $5.5 billion has been invested in the digital asset space over the past three weeks. Digital asset investment products recorded inflows for the third consecutive week, totaling $2 billion last week and bringing the three-week cumulative inflow to $5.5 billion. Bitcoin saw $1.8 billion in inflows last week. Ethereum registered stable inflows for the second week in… — Wu Blockchain (@WuBlockchain) May 5, 2025 Bitcoin and Ethereum Dominate Inflows, But Ethereum Sees Institutional Momentum Bitcoin remains master of the strongest inflow potential among digital assets, pulling $1.8 billion in inflows last week. Its supremacy as the market leader ensures Bitcoin’s position as the undisputed mandate to drive interest across the digital asset spectrum from both mainstream institutional and retail investors. However, Ethereum is busy building a bridge of interest from both sectors, asserting its leadership role in decentralized finance (DeFi), massively growing portfolio clean-coin interest, and becoming the established league in capital and access token jurisdictions with respect to ‘real-world asset’ (RWA) and stablecoin tokenization. For the second week straight, Ethereum investment products enjoyed steady inflows, amounting to $149 million. But the real story here, as you might imagine, is the cumulative total for the last two weeks: $336 million. That’s no small thing—$336 million over two weeks—inflows into a single asset. And why is that happening? Because faith in Ethereum has been restored. During last week’s trading days (April 28 to May 2), spot Bitcoin ETFs saw a net weekly inflow of $1.81 billion, marking the third consecutive week of positive flows. Spot Ethereum ETFs recorded a net weekly inflow of $106 million, with BlackRock’s ETF ETHA leading the pack with… — Wu Blockchain (@WuBlockchain) May 5, 2025 Confidence isn’t really built in investing; it’s either there, or it’s not. And right now, confidence among investors in the Ethereum ecosystem seems to be off the charts. Ethereum ETFs that are regulated in the same manner as those for more traditional instruments are yet another way in which investment firms can bring digital assets into the fold for their clients. Ethereum had been hailed as a transformative technology and enabler of initiatives that are expected to upend established business models far more than Bitcoin ever could. One ETF has been launched. Large investors are circling. And yet, or so the report suggests, it’s all somehow inevitable. BULLISH: The total value of tokenized real-world assets (RWA) has surpassed $22 billion, up 10.25% over the past 30 days. Ethereum leads with $6.5 billion (+30% in 30 days), followed by ZKsync at $2.2 billion. pic.twitter.com/qF5zXsrQut — Cointelegraph (@Cointelegraph) May 5, 2025 Less significant altcoins even had slight uplifts, with Solana registering inflows of $6 million. Although smaller than the inflows for Bitcoin and Ethereum, this still shows an appetite from investors for many different blockchain ecosystems. Ethereum Strengthens RWA and Stablecoin Dominance One of the strongest indicators of Ethereum’s growth is its commanding lead in the tokenized real-world assets (RWA) sector. The total value of tokenized RWAs has now exceeded $22 billion, marking a 10.25% increase over the last 30 days. Of that total, Ethereum alone accounts for $6.5 billion, representing a 30% growth in just one month. Its share tectonically outpaces its closest competitor, ZKsync, which holds $2.2 billion in tokenized RWAs. RWAs can’t just be instantiated in smart contracts on any blockchain. To really make them work, you need a powerful, robust, permissionless, and decentralized platform with a working-native token economy. You need something that behaves, in most respects, like a country — ruled by laws that function in a reasonable approximation of ‘real life,’ where the life forms are humans and private enterprises. Buying $ETH now is like buying BTC at $4,000. Ethereum dominance in RWA and Stablecoins is at ATH. Ethereum institutional adoption is reaching new highs. Ethereum's biggest upgrade in terms of no. of EIPs is coming on 7th May. You'll regret not owning ETH in 2025. pic.twitter.com/RktyB3YP6Q — Ted (@TedPillows) May 5, 2025 A few key opinion leaders in the crypto space have gone so far as to suggest that buying Ethereum now is like buying Bitcoin when it was worth $4,000 — a statement that reflects what KOLs see as the not-too-distant future for Ethereum. They have little reason to think it won’t follow in Bitcoin’s footsteps. The bullish narrative is further strengthened by the Ethereum network’s upcoming change, set for May 7. Dubbed the largest change in the number of Ethereum Improvement Proposals (EIPs) executed, it is expected to take the programmable part of Ethereum—that is, the layer that runs the smart contracts, which are the “decentralized apps” or “dapps”—to a new level. These smart contracts and dapps are the financial apps of the future, written in computer code, and operable on the virtual computers that are the Ethereum network. To recap, the enthusiasm surrounding digital asset investments has returned in full force — fueled by huge amounts of fresh capital and an even stronger fundamental backdrop. While the Bitcoin price has been making all the headlines, Ethereum has been steadily building its stature as a core component of the decentralized economy — from the real-world asset tokenization that’s gathering pace to the deepening interest from institutional players. With its own upcoming upgrade and some swelling ETF inflows, Ethereum is probably going to be the next center of attention within the crypto space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Binance Futures has announced the launch of two new USDⓈ Margined perpetual contracts – ASRUSDT and ALPINEUSDT – as part of its ongoing efforts to expand trading options and improve user experience on its platform. Binance Futures to Launch ASRUSDT and ALPINEUSDT Perpetual Contracts with Up to 75x Leverage According to the company's statement, the ASRUSDT perpetual contract will go live on May 6, 2025 at 12:30, while the ALPINEUSDT contract will go live on the same day at 12:45. Both contracts will support leverage of up to 75 times. The new offerings will also be integrated into Futures Copy Trading within 24 hours of launch, allowing users to mirror the strategies of experienced traders. Binance noted that more information on copy trading compatible contracts can be found via the platform FAQ. At launch, both contracts will have a maximum funding rate of +2.00% / -2.00%, with funding fees paid every four hours. The addition of ASRUSDT and ALPINEUSDT expands Binance Futures’ scope of assets tied to fan tokens, addressing the growing interest in crypto derivatives linked to sports and entertainment projects. *This is not investment advice. Continue Reading: Binance Futures Announces Listing of Two New Altcoin Trading Pairs with Up to 75x Leverage! Here Are the Details
VanEck’s filing to launch a spot BNB ETF marks a pivotal moment for crypto investment in the U.S., highlighting opportunities and risks in the market. This ETF could pave the
A Russian-Israeli citizen accused of participating in the $190 million Nomad Bridge hack is facing extradition to the United States following his arrest at an Israeli airport. Alexander Gurevich, who is suspected of exploiting a major vulnerability in the Nomad crypto bridge in 2022, was detained on May 1 at Ben-Gurion Airport in Tel Aviv while attempting to board a flight to Russia. The arrest comes after U.S. authorities filed an eight-count indictment against him in August 2023 and submitted a formal extradition request in December. Gurevich Summoned to Israeli Court After Return According to a report from The Jerusalem Post , Gurevich had returned to Israel from abroad on April 19. Soon after, he was summoned to appear before the Jerusalem District Court for an extradition hearing. In a curious move, Gurevich legally changed his name to “Alexander Block” on April 29 and was issued a new passport under that identity the following day. Authorities allege that Gurevich stole approximately $2.89 million in digital tokens during the August 2022 Nomad Bridge hack. The breach quickly spiraled into a wider incident as other attackers copied the exploit, pushing total losses to $190 million. Prosecutors say Gurevich reached out to Nomad’s CTO, James Prestwich, on Telegram shortly after the hack using a fake identity. He reportedly admitted to targeting vulnerable crypto protocols and apologized for the disruption. Alexander Gurevich ("Block") was arrested Thursday at Ben Gurion Airport in Israel. He is wanted in the United States for computer offenses, transfer of stolen money and laundering money worth millions of dollars in a sting that in 2022 almost led to the collapse of one… pic.twitter.com/d8RepO3tT5 — יואב איתיאל מדווח כי (@yoavetiel) May 3, 2025 Gurevich transferred roughly $162,000 worth of assets back to a recovery wallet set up by Nomad, though communications broke down after he requested a $500,000 reward for discovering the flaw. The U.S. indictment, filed in California where the Nomad team is based, charges Gurevich with several computer-related crimes, including money laundering and transferring stolen digital property. If convicted in the U.S., he could face up to 20 years in prison—significantly more than the penalties he would face under Israeli law. Investigators believe Gurevich was physically in Israel at the time of the attack, adding another layer of complexity to the case. As extradition proceedings move forward, U.S. prosecutors will seek to hold him accountable for one of the most high-profile crypto heists of 2022. Crypto Hacks Surge in 2025 as Losses Top $1.74 Billion in Four Months Hackers stole over $92.4 million from crypto projects in April 2025 alone, according to blockchain security firm Immunefi . The figure represents a 27.3% year-over-year increase and more than double the losses reported in March. April’s attacks occurred across 15 incidents, with two major exploits accounting for the bulk of the damage. UPCX, an open-source platform, lost $70 million in a single attack, while decentralized exchange KiloEx was hit for $7.5 million. Other affected projects included Loopscale, ZKsync, Term Labs, and Bitcoin Mission, each experiencing losses exceeding $1 million. Cumulatively, the first four months of 2025 have already seen $1.74 billion in crypto losses—more than all of 2024, which totaled $1.49 billion. Immunefi previously noted that Q1 2025 was the worst quarter for hacks in crypto history, driven largely by massive breaches of centralized exchanges Phemex and Bybit. The post Alleged $190M Nomad Hacker Faces US Extradition After Arrest appeared first on Cryptonews .
Crypto exchange OKX’s CEO for its Middle East and North Africa (MENA) arm has urged the crypto industry to focus on delivering real-world utility as interest in real-world asset (RWA) tokenization accelerates. In a Cointelegraph interview at the Token20249 event in Dubai, OKX MENA CEO Rifad Mahasneh warned that while tokenization is promising, projects must “clearly demonstrate” the benefits of tokenizing specific assets. “In some cases, we’re tokenizing things that don’t need tokenization, but in some cases, we’re tokenizing things that actually give you real, everyday value, right? And if you can see that everyday value, then that is a promising project,” Mahasneh told Cointelegraph. The executive said that, similar to other industries, hype can drive project growth in the Web3 space. However, the executive told Cointelegraph that providing everyday value should be the priority. OKX MENA CEO Rifad Mahasneh at the Token2049 media lounge. Source: Cointelegraph RWA tokenization gains traction in the UAE Mahasneh’s comments come amid an increase in real-world asset tokenization projects in the Middle East, including the United Arab Emirates. On May 1, MultiBank Group signed a $3 billion RWA agreement with the UAE-based real-estate firm MAG and blockchain infrastructure provider Mavryk — the largest RWA initiative across the globe to date. In addition to billions in RWA deals, the UAE government has itself started working on RWA tokenization. On March 19, the Dubai Land Department — the government agency responsible for promoting, organizing and registering real estate in Dubai — announced a pilot phase of its real-estate tokenization project. The agency is working with Dubai’s Virtual Assets Regulatory Authority (VARA), the emirate’s crypto regulator. On Jan. 9, RWA project Mantra also signed a $1 billion deal with Damac Group to tokenize the assets of the UAE-based conglomerate. However, months later, Mantra saw one of the biggest token collapses in crypto history, wiping out billions in market capitalization on April 13. Mahasneh told Cointelegraph that the region’s clear regulations drive these moves from bigger institutions to get into tokenization and crypto. The OKX MENA CEO said that clear regulations allow players to understand how key players in the space, like exchanges, are governed by reading the rulebooks set by regulators. Related: Real estate not the best asset for RWA tokenization — Michael Sonnenshein UAE stablecoin framework gives institutions confidence The executive also praised the region’s progress in its stablecoin regulations. In June 2024, the Central Bank of the UAE approved a regulatory framework for stablecoin licensing. This clarifies the issuance, supervision and licensing of dirham-backed payment tokens. According to Mahasneh, this demonstrates the UAE’s speed in regulating crypto-related technologies. The executive also highlighted that the involvement of the central bank gives institutions extra confidence in getting into the business. “Other markets are still debating whether they should have crypto regulations. Here, we moved into developing stablecoin regulations. For an investor, you want to know that your stablecoin is regulated. That’s a big plus,” Mahasneh said. Since then, major players like Tether have joined the race in issuing a dirham-pegged stablecoin . On April 29, institutions like Abu Dhabi's sovereign wealth fund, the Abu Dhabi Developmental Holding Company (ADQ), First Abu Dhabi Bank and the International Holding Company partnered to launch a dirham-pegged stablecoin , pending regulatory approval. Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
As central banks worldwide explore retail Central Bank Digital Currencies (CBDCs), concerns grow about the potential erosion of financial freedom and privacy. Recent discussions highlight that CBDCs might not merely
At the moment that Bitcoin is close to the $94,900 high, new on-chain data is giving us a clear view of how investors feel and where they are positioned—helping us to understand the bigger dynamic at play in the crypto market. With more than 83% of current holders in profit and institutional players like MicroStrategy doubling down and even upping their exposure to Bitcoin, this seems to be an uptrend that’s got a lot of fundamental backing—at least as far as our current understanding of the trends and the sentiment is concerned. On-Chain Analysis: The Majority of Bitcoin Holders Are In Profit The most recent Global In/Out of the Money analysis shows that an impressive 83.93% of Bitcoin holders are presently in the money. This segment of holders counts a massive 16.69 million BTC among themselves—an amount in excess of a stunning $1.58 trillion when counted as unrealized value. These numbers help illuminate the fact that among Bitcoin holders, long-term holding is a widely shared and deeply rooted occurrence. At the same time, 7.73% of holders, or about 1.54 million BTC worth around $145.79 billion, are at breakeven. These investors bought their coins at around today’s price and seem to be watching carefully for any signs that either a breakout or a pullback is imminent. Bitcoin On-Chain Snapshot at $94,900 – A look at the Global In/Out of the Money shows where BTC holders stand: In Profit: 83.93% of holders are in profit, holding 16.69M BTC worth $1.58 trillion. Breakeven: 7.73% of holders are at breakeven, with 1.54M BTC valued at… pic.twitter.com/0K2tL7a7lF — Maartunn (@JA_Maartun) May 5, 2025 At present, a mere 8.34% of those holding Bitcoin find themselves in an illiquid state. To put it another way, only about 1.66 million BTC (worth $157.41 billion) seem to be submerged. This is a figure that we might call ‘bottomside holders’—holders who, by their BTC’s state, have little incentive to sell. If we could wish ourselves into any condition of dollar value, it would be a wish into this state of being, as, in economic terms, this is a condition of being effectively long with little incentive to get short. MicroStrategy Expands Holdings Amid Institutional Momentum Interest from institutions in Bitcoin is still solid and strong. Once again, MicroStrategy leads the pack. The software intelligence firm, under Executive Chairman Michael Saylor, has now purchased an additional 1,895 BTC for about $180.3 million. They bought at an average price of $95,167—slightly above the current market price—but they are still bulling it up and calling it a good deal. This is what they do. And this is why we call them pros. On May 4, 2025, MicroStrategy held a tremendous total of 555,450 BTC. At present, these holdings are showing a total carrying cost of $38.08 billion, or an average price of $68,550 per coin. Since then, the asset has appreciated significantly and is now trading at around $94,900. Correspondingly, MicroStrategy’s BTC positions are showing some impressive paper gains. The company reported an even more staggering 14.0% year-to-date yield on its BTC holdings as of the same day it reported its carry amounts. MSTR has acquired 1,895 BTC for $180.3 million at $95,167 per bitcoin and has achieved BTC Yield of 14.0% YTD 2025. As of 5/4/2025, it hodl 555,450 BTC acquired for $38.08 billion at $68,550 per bitcoin. https://t.co/c6DpvqMwLY — Wu Blockchain (@WuBlockchain) May 5, 2025 The company’s vigorous gathering has frequently been seen as a measure of institutional feeling. Every fresh acquisition broadcasts a message to the marketplace: notwithstanding market fluctuations, there exists a persistent faith in Bitcoin as a cornerstone, long-lasting investment. Spot ETFs Attract Strong Inflows for Third Straight Week The positive sentiment is not just with single firms. Wider institutional engagement is reflected in the ongoing success of U.S.-listed spot Bitcoin ETFs. Between April 28 and May 2, spot Bitcoin ETFs saw net inflows of $1.81 billion. This was the third week in a row that the ETFs attracted cash, and it was the week, by a long stretch, in which the most cash came in. The inflow amounts to 4% of the ETFs’ total assets under management. During last week’s trading days (April 28 to May 2), spot Bitcoin ETFs saw a net weekly inflow of $1.81 billion, marking the third consecutive week of positive flows. Spot Ethereum ETFs recorded a net weekly inflow of $106 million, with BlackRock’s ETF ETHA leading the pack with… — Wu Blockchain (@WuBlockchain) May 5, 2025 These inflows are very important because they show not just that investors have confidence in the product but that there is direct buying pressure on the underlying asset. When you put money into a Bitcoin ETF, the actual asset is bought by the fund to back your investment. That means it is not available in the circulating supply. Sustained demand for Bitcoin ETFs could create upward pressure on the price of Bitcoin because it is a way for people to buy exposure to Bitcoin without actually buying Bitcoin. Conclusion: Market Foundations Strengthen as Bitcoin Eyes New Highs More than 83% of BTC holders are in the money, and that institutional accumulation is continuing apace. ETF inflows seem quite healthy. Short-term price action may be somewhat volatile. But taken together, these elements paint a very solid, probably even bullish, picture for Bitcoin. Still, we must remember that a lot of foundation-building activity doesn’t guarantee anything in terms of future price performance. While Bitcoin hovers around the $95,000 mark, attention is shifting to whether it can garner sufficient upward momentum to reach test high-price levels. If it can, and if the number of participants in the Bitcoin network, the number of institutions invested in Bitcoin, and the number of positive economic indicators for Bitcoin remain roughly where they are now, then tests of the $100,000 level and beyond may be imminent. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
A fresh look at the weekly developer activity across the major blockchain networks has revealed some interesting, dynamic changes. The snapshot taken from April 27 to May 3 and offered by the team at the development analytics platform, DCentral, shows that while the layer-2 blockchain Base is still leading in the deployment of new smart contracts, it has also shown that Ethereum and some key layer-2 chains, like Optimism and Polygon, are seeing significant upticks in deployment activity as well. Meanwhile, standout performances from prominent chains like BNB Chain and Arbitrum have started to show some signs of flattening out. Base Leads the Pack but Records Steep Decline At the top of the leaderboard, Base—a Layer-2 blockchain incubated by Coinbase—remains firmly in command with 6.9 million new contract addresses generated over the past week. That figure also reflects a sharp 37.81% week-over-week decline, however, which seems to signal a cooling off from the platform’s previously explosive growth in developer activity. Even though Base’s numbers are decreasing, they are still far and above what anyone else is doing. When you look at what Base is doing in 2024, it is basically an experimentation hub. That is, it is an experimentation hub— It’s also possible that the drop is a signal that developers are moving on from the initial, somewhat speculative phase of experimenting with dApps to a new phase where they refine and maintain the dApps they’ve already deployed. Maybe we’re entering an era of dApp stability, in which the basic functions of the dApps we have become all the more essential since they seem so hard to replace or replicate. Ethereum, Optimism, and Polygon Rebound With Positive Momentum While Base saw a slowdown, Ethereum showed signs of resilience, registering 588,000 new smart contract addresses—an 11.69% increase week-over-week. As the most mature and secure smart contract platform, Ethereum continues to be a reliable foundation for both legacy protocols and newer entrants looking to deploy mission-critical applications. This week’s uptick suggests that despite congestion concerns and higher transaction fees, Ethereum remains a core destination for serious builders. The layer-2 networks, Optimism and Polygon, also had strong weeks, with 416,000 (+43.17%) and 415,000 (+31.23%) new contract addresses, respectively. These numbers reflect a revived developer interest in scalable, cost-effective alternatives to the Ethereum mainnet, especially as more projects line up to use the supposed advantages of layer-2 solutions: faster transaction throughput, lower gas fees, and no perceived compromises on security. Optimism’s growth spurt may also be due to its adopting ever more of the OP Stack, which helps developers launch their own customizable chains. Not only are Optimism and its growing ecosystem working to solve the immediate problems of blockchain technology, but they’re also setting out, in true Optimistic style, to realize a future where these problems evaporate. Ethereum, Optimism, and Polygon were the only three big chains that saw real growth in developer activity last week—a trend that seems to suggest a more consolidated development across trusted and mature networks. Sharp Declines for BNB Chain, Arbitrum, and Tron Highlight Market Rebalancing Every chain of block is a stretch and shows great strength in what it is capable of presenting. Yet not all of them have an impressive sufficiency. BNB Chain has been the most declined over these past 7 days. It only made a poor showing of 172,000 new smart contract addresses last week—a declination of 63.67% from the week before. Now, when you look at it like that, you might think, “Wow, that’s a huge drop-off.” And it is. But part of that is due to BNB Chain having what I call a “reach issue.” Compared to last week, BNB Chain seems to have even less reach into the developer community. On the same note, Arbitrum, an Ethereum Layer-2, recorded only 59,000 new contract addresses—a 33.06% decrease. Even with a sturdy DeFi ecosystem, Arbitrum’s recent downturn may speak more to the chain’s inability to keep users engaged beyond big token launches and incentive-driven activities. In list form: Simultaneously, Arbitrum, another Ethereum Layer-2, noted just 59,000 addresses for new contracts—a 33.06% drop. Despite a strong DeFi ecosystem, the recent downturn for Arbitrum might reflect a lack of user engagement outside major token launches and incentive-driven activities. Sonium and Tron also reported double-digit percentage drops in contract creation, declining by 20.98% and 22.35%, respectively. These two numbers hint at something broader than just a slowdown in contract creation on these two chains. They suggest that developer behavior is rebalancing across the ecosystem. Some of the formerly high-activity chains might be entering slower growth phases (or could have already entered these phases) and seem to be losing some appeal to developers who are flocking to newer ecosystems with better tooling and incentive structures. Developer Activity Across Chains: Weekly New Contract Addresses snapshot (Apr 27-May 3) @base leads with 6.9M new contract addresses (-37.81% WoW), maintaining its top spot despite a slowdown. @ethereum recovers to 588K (+11.69% WoW), holding the second place. @Optimism 's… pic.twitter.com/57b5MdSuOV — OKX Explorer (@okxexplorer) May 5, 2025 Conclusion: Consolidation and Maturation Define the Week’s Developer Trends Recent information implies that although the total amount of freshly minted smart contracts stays elevated, the ecosystem is heading into a period of consolidation. Raw numbers still put Base on top but seem to indicate a cool-down phase for that chain. At the same time, Ethereum, Optimism, and Polygon look more and more like the place to go for devs building out scalable, sustainable applications. The decline in activity on BNB Chain and Arbitrum could just be temporary—or it could be something more interesting and meaningful, like a shift toward better development, with way fewer contracts, on better platforms. We could be looking at a long-term maturation of the ecosystem. Developers seem to be picking platforms that are reliable, secure, and have a strong community, as well as low fees and fast transactions. This reshuffling may lead, in the end, to a far more sustainable Web3 development environment, where fresh ideas are thoughtfully incubated and where infrastructure-level decentralized protocols can unambiguously discern themselves as the kind of successful sorts of nut-and-bolts inventions one usually associates with the term “infrastructure.” Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Bitcoin is trading around $94,215 in early European hours, but it’s VanEck’s latest move that’s turning heads. The asset manager has submitted a filing to the U.S. Securities and Exchange Commission (SEC) to launch the nation’s first BNB exchange-traded fund. The ETF would hold spot BNB and possibly stake a portion of the assets, making it a hybrid play on capital appreciation and passive yield. BREAKING: American investment manager VanEck has officially filed for $BNB ETF. It’s BNB day, ETF on the way! pic.twitter.com/qoUcjJZtrO — Crypto Raven (@hiRavenCrypto) May 5, 2025 BNB currently boasts a market cap near $84 billion, with $6 billion in total value locked on its chain. That places it among the top-tier smart contract ecosystems, and VanEck’s filing —following earlier attempts with Solana and Avalanche—signals a growing appetite for altcoin-backed ETFs. BNB market cap: ~$84B TVL on BNB Chain: ~$6B VanEck ETF could include staking Momentum builds after BTC ETF approvals While the SEC has yet to respond, the move suggests the Bitcoin ETF breakthrough may be spilling over into altcoins, increasing overall crypto liquidity and broadening institutional participation. Bitcoin Framed as Safe-Haven by Kraken In a recent interview, Kraken’s Chief Economist Thomas Perfumo said Bitcoin’s structure makes it more like digital gold than a speculative tech play. Although only 10–15% of the world currently holds BTC, its fixed supply and predictable issuance are laying the foundation for long-term price stability. BULLISH: Kraken Co-CEO Dave Ripley calls BTC "anti-fragile" and the bedrock of the crypto economy. He says innovations from other networks will eventually flow into Bitcoin. pic.twitter.com/MJT6hTKCOu — Cointelegraph (@Cointelegraph) May 4, 2025 Perfumo noted that realized volatility in Bitcoin has dropped below 50%, down from previous highs, pointing to a maturing asset class. As institutional access grows, he expects the cryptocurrency to behave more defensively—less like a growth stock, more like a reserve asset. Realized BTC volatility: 95% of Bitcoin already mined Institutional demand seen as stabilizing factor This framing could resonate with conservative investors seeking inflation hedges outside of traditional fiat systems. Kyrgyzstan Explores Bitcoin as a National Reserve Binance co-founder Changpeng “CZ” Zhao shared that he’s advising Kyrgyzstan’s National Investment Agency on adopting Bitcoin and BNB in its national crypto reserve strategy. The country is already planning a $500 million gold-backed stablecoin, USDKG, and is piloting central bank digital currency legislation. JUST IN: Binance co-founder CZ advises Kyrgyzstan to make #Bitcoin one of the starting cryptos for the Reserve pic.twitter.com/Ip1jsviBca — Bitcoin Magazine (@BitcoinMagazine) May 5, 2025 Binance’s expanding influence in emerging markets reinforces Bitcoin’s use case as a sovereign asset. With Kyrgyzstan considering BTC and BNB for its reserves, the move may set a precedent for other developing economies. Kyrgyz stablecoin (USDKG): $500M target 64% of BNB supply reportedly under CZ’s control Kyrgyzstan CBDC pilot underway This could increase long-term demand for Bitcoin as nations look for alternatives to dollar reserves. Bitcoin (BTC/USD) Technical Outlook – May 6 Bitcoin is trading near $94,215, consolidating just below a descending trendline that has capped price action since May 2. Price remains stuck between a tightening range, defined by horizontal support at $93,507 and resistance at $94,790. The 50-period EMA is currently acting as dynamic resistance, while MACD signals are flat, suggesting indecision. A clean break above $94,790 would suggest bullish momentum, opening a path toward $95,586. Conversely, if $93,507 gives way, price could retreat toward $92,248 or even $92,922. Final Thought As Bitcoin trades near $94,215, the convergence of ETF filings, institutional interest, and sovereign adoption is creating strong undercurrents in the market. The technical outlook points to a breakout zone between $93,507 and $94,790. Traders are watching closely for a clean move above or below those levels to confirm direction. BTC Bull Token Crosses $5.36M as Flexible 78% Staking Yield Draws Investors BTC Bull Token ($BTCBULL) continues to gain traction, crossing $5.34 million in funds raised as it nears its $6.07 million presale cap. Priced at $0.002495, the token has positioned itself as more than just a meme coin—offering real utility through flexible, high-yield staking. Utility-Driven Tokenomics Fuel Demand Unlike typical meme tokens, BTCBULL blends crypto culture appeal with tangible staking rewards. Investors can currently earn an estimated 78% APY while keeping their tokens fully liquid—unstaking is allowed at any time without penalties or lockup periods. This model has resonated with investors who seek yield without sacrificing access, especially in a volatile crypto environment. Current Presale Stats: USDT Raised : $5,360,259 of $6,070,369 Current Price: $0.002495 per BTCBULL Staking Pool Total: 1,342,549,903 BTCBULL Estimated Yield: 78% annually With less than $710K left before the next milestone, the presale window is narrowing fast. For investors chasing high yields with exit flexibility, BTCBULL is becoming an increasingly compelling contender in the 2025 crypto cycle. The post VanEck’s BNB ETF Filing Boosts Bitcoin Sentiment as Price Eyes $95.5K appeared first on Cryptonews .
COINTURK provides real-time updates on cryptocurrency, ensuring users stay informed. The platform covers a comprehensive range of coins, including Bitcoin and popular altcoins. Continue Reading: Stay Informed Every Second with the Fast-Paced World of Cryptocurrency The post Stay Informed Every Second with the Fast-Paced World of Cryptocurrency appeared first on COINTURK NEWS .