Bitcoins (BTC) breakout to $93,000 is being driven by deep-pocketed institutions, not retail exchange traded-fund (ETF) buyers, said Coinbase Institutional's John DAgostino on CNBC.
The rally began … [+1994 chars]

Patient pools of capital are behind BTC's recent rally.

CoinDesk

Bitcoin’s April Rally Driven By Institutions, While Retail Flees ETFs: Coinbase Exec

Crypto exchange Kraken has launched FX perpetual futures, expanding into traditional markets with round-the-clock trading for major forex pairs, the company said in a blog post Friday.
The first con… [+1668 chars]

The first contracts, EUR/USD and GBP/USD, are now live on Kraken Pro.

Crypto Exchange Kraken Launches FX Perpetual Futures, Offers 24/7 Trading in Forex Majors

Visa is joining the Global Dollar Network (USDG), a stablecoin consortium convened by U.S. regulated digital asset firm Paxos, alongside cryptocurrency and fintech heavyweights like Robinhood, Kraken… [+1101 chars]

Paxos’ Global Dollar Network (USDG) also includes Kraken, Galaxy Digital, Anchorage Digital, Bullish (the owner of CoinDesk) and Nuvei.

Visa Is Joining the Paxos, Robinhood Stablecoin Consortium: Sources

Stablecoins continue growing into a pillar of both the cryptocurrency world and the global financial system. The market has already surpassed $235 billion, showcasing that people have faith in the fu… [+6258 chars]

Most stablecoins, including the two clear market leaders, are dollar-based. Michael Egorov, founder of decentralized exchange Curve Finance, asks if stablecoins based in other currencies can gain traction.

Can Non-USD Stablecoins Compete?

So far, crypto markets havent behaved as expected under the Trump Administration. Investors hoped that regulatory reform and policies like a Bitcoin Strategic Reserve would drive prices appreciably h… [+3753 chars]

As the Trump Administration sets out tariff policy on “Liberation Day” Wednesday, many are pessimistic about the economy in general and crypto prices in particular. But there are strong reasons not to be, say analysts.