Day: May 2, 2025

Fold Becomes First Bitcoin Financial Company to Ring Nasdaq Opening Bell

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Fold’s stock has surged 17% in price following its historic honor of ringing the Nasdaq opening Bell on May 2, 2025.

 

Fold, a Bitcoin-focused financial services company, has caught the market’s attention following its bold steps into Wall Street. The company was honored to be the first Bitcoin financial services firm to ring the opening bell at the Nasdaq Stock Exchange. This signals a shift in Wall Street market sentiment and crypto’s expanding integration with traditional finance.

Fold allows users to earn Bitcoin through everyday spending to boost the crypto adoption process. Following this ceremony, Fold shares have surged past 17%, suggesting heightened investor conviction.

According to Nasdaq’s announcement on X (formerly Twitter):

 

Personal finance powered by bitcoin.  @fold_app is the first publicly traded bitcoin financial services company—making it easy for individuals and businesses to earn, save and use bitcoin. Proud to be your exchange partner!

 

Fold has recently gone public, and today’s ceremony marks a milestone for Bitcoin and crypto adoption in daily life. The bell-ringing debut is not only a symbolic event but also a marketing moment for Fold’s Bitcoin rewards App. The company is eyeing hyperbolic growth following the partnership.

 

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Ivy League Brown University Goes Crypto With 4.9M Bitcoin ETF Buy

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Beyond its 260-year-old educational excellence, Ivy League Brown University has joined institutional smart money, making bold steps into the “digital gold” rush.

 

May 2- One of the 8 oldest educational institutions (Ivy League schools) in the United States has announced its strategic step into the digital assets market. Brown University has signaled confidence in crypto assets as the mainstream finance sector faces portfolio revisions.

In its recent 13F filing and portfolio disclosure, Brown University has revealed a smart money move by opening a $4.9 million position in the IBIT Bitcoin ETF, totaling 105,000 shares.

 

Source: Quiver Quantitative

 

What does this mean for BTC?

With Bitcoin Exchange Reserves declining, Bitcoin’s scarcity is rising, hinting at a potential supply shock in the next few months. Analysts have argued that with the rising institutional demand, 2025 could be the last year to buy BTC below $100k, considering its capped supply.

As institutions rush to accumulate the “digital gold”, an exponential bull rally could be on the cards in the next few months, with negligible price volatility marks.

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partyushgoyal

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VIRTUAL Surges 96% in 7 days amid Diamond Hands Rewards Launch

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Virtuals Protocol has caught the market’s attention following explosive gains in just one week. What’s driving this price surge?

 

The Virtuals Protocol, a blockchain network dedicated to powering autonomous AI agents, has seen its token VIRTUAL surge 96% in the past 7 days, hitting $1.19b in market cap from $607m.  The protocol agents can act independently and are deployed across DeFi, gaming, and metaverse ecosystems. With the recent surge, are AI agents the next market disruption in the crypto space?

 

Source: CoinMarketCap

 

Diamonds Hands Bonus

Two powerful features have contributed to VIRTUAL’s surge. The token holders have anticipated the Diamond Hands Bonus, with rewards claim going live on May 3, 2025 (24 hours later). This feature aims at giving holders extra points every 24 hours.

Additionally, the Take Profit Cooldown feature on the Network’s Genesis Launch is designed to encourage long-term holding, hindering quick sell-offs. Under this feature, the protocol could attract blockchain-based AI enthusiasts and investors for long-term growth. The network is a significant pacesetter in the blockchain AI space, advancing blockchain adoption.

 

 

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$3 Trillion Goldman Sachs to “Get More Involved in Crypto”

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Goldman Sachs has revealed that it is moving “very fast” and is “very active” on Bitcoin and Crypto, as “clients are very eager to get involved.”

 

Finance and investment banking giant with over 150 years of operation, Goldman Sachs, has revealed its interest in venturing into the crypto space. The $3 trillion institution has highlighted a burning desire by its clients to tap into the growing digital assets market.

According to Goldman Sachs;

More clients are now eager to get involved in trading of digital assets…This is kinda one of the biggest opportunities we see.

 

The company’s Global Head of Digital Assets, Mathew McDermott, says if the U.S becomes the global capital of the crypto market per Donald Trump’s vision, the tokenization of stocks and money market funds is a necessity.

According to him, Goldman Sachs is considering expanding to crypto trading by exploring the tokenization of Real-World Assets. This will allow market activity to continue beyond office hours as the world shifts into  24-hour digital markets.

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Ripple Increases Bid for Circle to $20B After $5B Offer Rejection

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Ripple Labs is reportedly increasing its bid for the stablecoin issuer, Circle, in a bid to increase its stablecoin market dominance.

 

Ripple Labs, the technology company offering blockchain-based payment solutions and the creator of the XRP ledger, has caught the market’s attention due to its strategic moves. The company is seeking dominance in the stablecoin market, potentially rivaling the current King of stablecoin, Tether. RippLe has recently issued its stablecoin RLUSD, backed 1:1 by USD reserves.

However, to gain significant market dominance, the company moved ahead to bid $5 billion to buy Tether’s rival, Circle. Following an offer rejection, Ripple is reportedly offering $20 billion to secure the USDC stablecoin issuer. According to Roundtable Network on X (formerly Twitter):

 

Ripple is going big – reportedly increasing its bid to #acquire #Circle from $5B to $20B after being turned down the first time.

Ripple could be poised for growth

Looking at the market sentiment, Ripple’s XRP has surged 4.76% over the past month, signalling rising investor confidence. Additionally, Whales have been accumulating XRP in the same period.

 

Source: X

 

Per the on-chain data, Whales have bought 900 million XRP coins in the past 30 days. Considering a positive outcome on the SEC Case against the company, Ripple’s on-chain data and fundamentals hint at long-term growth.

 

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Bearish Sentiment Rises as 63.76% of Binance Traders Bet Against Bitcoin

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Latest data reveals a declining BTC long-to-short ratio as bears take charge of Binance trade positions.

 

Bitcoin traders on the world’s largest exchange by volume reveal a shift in market sentiment as Bitcoin approaches the psychological $100k Mark. Bitcoin is rallying towards $98,000, where short-term resistance exists before moving to $100k and above. According to recent data, 63.76% of traders on Binance have opened short positions for BTC price action.

 

 

Source: X

 

A low long-short ratio suggests prevailing bearish momentum in the market.  BTC is currently trading at  $96,989 with a nearly 1% increase in price over the past 24 hours, per CoinMarketCap. Bitcoin’s path to 100k could trigger major liquidations and some market volatility.

With the bulls and bears getting in a tug of war, the market is closely watching BTC’s price action at the current price for further insights. A Change in market sentiment could hint at price volatility soon.

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