BREAKING
- FDIC adopts Notice of Proposed Rulemaking to implement the GENIUS Act, establishing a supervisory framework for FDIC-supervised stablecoin issuers.
MORE
- White House CEA publishes report finding that a ban on stablecoin yield would increase bank lending only marginally, by ~$2.1 billion (0.02%).
- U.S. Treasury launches cybersecurity information-sharing initiative for digital asset firms, mirroring arrangements for traditional financial institutions.
- Wisconsin DOJ sues Kalshi, Polymarket, Robinhood (HOOD), Coinbase (COIN) and Crypto.com over sports event contracts as allegedly illegal gambling.
- Tether assists U.S. authorities including OFAC in freezing 344 million USDT across two wallets with suspected Iran ties.
- Exodus (EXOD) launches Exodus Pay, connecting self-custody wallets to Visa and Apple Pay acceptance points and enabling fee-free P2P transfers.
- CME Group announces the May 4 launch of regulated futures on Avalanche (AVAX) and Sui (SUI) in standard and micro contract sizes.
- Binance Futures launches USDT-margined perpetuals on tokenized equities (QQQ, SPY, AAPL, TSM) and commodities (WTI, Brent, natural gas) with up to 100x leverage.
- Coinbase (COIN) publishes its 2026 strategy via Base, focused on global onchain markets and stablecoin payments — more than $17 trillion in stablecoin volume was settled across the network in 2025.
- X (Twitter) rolls out Cashtags globally on iOS, integrating real-time quotes for equities and crypto assets into the platform.
- Kraken files confidentially for an IPO, with a most recent valuation of ~$13.3 billion following an April funding round (prior peak in late 2025: ~$20 billion).
- eToro (ETOR) acquires self-custody wallet provider Zengo for ~$70 million, gaining MPC-based wallet infrastructure with more than 2 million users.
- CoreWeave (CRWV) expands its long-term contract with Meta (META) to ~$35 billion in total volume through 2032
- Bitmine (BMNR) moves to the NYSE and raises its 2025 share buyback program from $1 billion to $4 billion; ETH holdings at ~4.8 million ETH (~4% of supply).
- Google Research presents an accelerated timeline for the quantum threat to elliptic curve cryptography; Justin Drake puts the probability of "Q-Day" by 2032 at ~10%.
SPEAKERS’ CORNER
- Benchmark currency Bitcoin gained nearly 12% in April, closing above the $75,900 mark.
- The key driver was institutional inflows in the U.S.: Bitcoin spot ETFs took in roughly $2.44 billion on a net basis.
- Conversations with German investors, however, paint a more reserved picture — and our funds likewise show no significant flows.
- The lack of momentum among this investor group suggests they are first waiting for geopolitical clarity, particularly in the context of tensions between Iran, the U.S. and Israel.
- Against the backdrop of technically overbought U.S. tech indices, the market environment may well remain characterized by elevated volatility in the near term.
Translated from the German original, which is the authoritative version. Read the German version
