Author: Denis Mwirigi

Denis is an experienced blockchain enthusiast and researcher. He is passionate about the opportunities and possibilities afforded by the advancement of this new technology. With a background in engineering, he blends technical expertise with a deep interest in foreign exchange, financial journalism, and technological trends.

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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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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What is Ethereum Virtual Machine(EVM) in Web3?

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The Ethereum Virtual Machine(EVM) Powers smart contracts and Web3 applications on Ethereum and associated blockchains. So, how does EVM work?

 

Ethereum Virtual Machine (EVM) is an invisible engine that powers every smart contract on the Ethereum blockchain network. Through this engine, decentralized applications (dApps) can run smoothly, advancing Web3 utility. EVM is holding multiple blockchains, enabling developers to build, deploy, and scale on a common ground.

 

What is the technology behind EVM?

EVM plays the role of a decentralized global computer processing smart contracts for Ethereum-based platforms and dApps. It is Turing-complete and thus can perform any logic, ranging from token swaps to NFT minting securely and without interference. Its compatibility allows other chains like Avalanche, Polygon, and Binance Smart Chain to support applications.

In other words, due to its security by decentralization, EVM is the brain behind the Ethereum ecosystem and several upcoming blockchains. All nodes in the Ethereum blockchain run the EVM and work independently, verifying each transaction. The reliability and compatibility make it easier for builders to advance blockchain utility and Web3 technologies.

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SUI Surges 9% as 21Shares Files for SUI ETFs

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Sui has surged 9% following a partnership between the SUI Network and 21Shares.

 

On April 30, 21Shares, the crypto exchange-traded products (ETPs) firm, announced a partnership with the SUI network. The strategic collaboration aims at advancing high-performance blockchain utility in institutional finance. 21Shares has moved ahead to file for SUI  Exchange Traded Fund (ETFs) under the Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC).

 

Following this Development, SUI has surged 9% in the past 24 hours as of this writing, according to CoinMarketCap Data. The coin is attempting a breakout above the $3.50-$3.70 key resistance zone, with price fluctuating around this level.  Per Coinglass data, the Coin’s open internet has surged nearly 10%, signaling rising market optimism.

With the Open Interest (OI)-Weighted Funding Rate turning positive, SUI’s bullish momentum could be strengthening. Traders are watching the buying pressure and the market’s response to this news to determine their next moves.

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Dogecoin Weekly Whale Accumulation Hits 100 Million Coins

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Whales have been accumulating over 100 million Dogecoins in the past 7 days. Does this mean DOGE could be rallying soon?

 

Dogecoin has surged 6.78% in the past 24 hours as of press time, per CoinMarketCap data. Despite a low trading volume in the same period, DOGE is showing strength fueled by heightened whale accumulation. Following the recent filing of DOGE ETFs by 21shares, the memecoin could be poised for a price uptrend in the coming days.

Recent On-chain data hint at a surge in whale accumulation. According to the data, wallets holding between 1 million to 10 million DOGE have steadily risen over the past week, surpassing 100 million coins.

 

Source: X

 

While there is no sudden spike in price, crypto analysts predict DOGE could be eyeing a breakout above $0.2000 soon. This could trigger a price rally amid changing market sentiment towards memecoins.

Whale accumulation often signals a preparatory phase before a price breakout. One should monitor volume and key support levels for further insights.

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Eric Trump Claims SWIFT System is Broken and Crypto will Replace it

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Bullish: Eric Trump has warned that cryptocurrencies could replace banks if they don’t integrate them in the next decade. So, how is the banking system lagging behind crypto?

 

Speaking at the Token 2049 event in Dubai, Eric Trump has called out the banking system for embracing old, slow processes and failing to evolve with the market demands. According to the talk, the modern financial system is broken and static in terms of location, making the financial transaction process very slow and procedural. According to him:

 

Sending money internationally through SWIFT is slow, costly, and complex. Crypto makes banks redundant.

 

 

So, how is the banking system lagging?

SWIFT payments have multiple intermediaries involved in money transfer, often taking days and high fees to finalize processes. Banks are also located at specific places and have fixed operational hours. Moreover, the banking system experiences political oversight, leading to biased operations across the globe.

On the other hand, cryptocurrencies have no intermediaries, offices, or hours of operation. They are trustless and with no political oversight in transactional operations. Above all, they take seconds to finalize transactions. As a result, crypto is becoming the preferred choice for global transactions.

 

 

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