Crypto Rebounds From Early Declines Alongside Reversal in U.S. Stocks
The major U.S. stock market averages tumbled about 2% to begin Wednesday following underwhelming economic data.
Markets
Robinhood Tops Q1 Earnings Estimates, Boosts Buyback Authorization by $500M
The trading platform’s results could give an indication for Coinbase’s earnings on May 8.
Stagflationary Data Puts Pressure on Bitcoin, Stocks Early in U.S. Day
U.S. GDP turned negative in the first quarter, while prices rose more than forecast; ADP jobs data was the weakest in nearly one year.
Bitcoin Edges Above $95K, U.S. Stocks Remain Strong as Analyst Warns of ‘Blind’ Market
Secretary of Commerce Howard Lutnick announced that the White House was finalizing a trade deal with an unnamed country.
BONK Bets Gain Favor as New Token Issuance Platform Nets $800K in 3 Days
“I expect the platform’s success to surprise many,” well-followed X user @theunipcs “Bonk Guy” told CoinDesk in a Telegram message.
$2B Bitcoin-Staking Protocol Solv Unveils First Shariah-Compliant BTC Yield Offering in the Middle East
The product allows BTC holders to earn yields while adhering to Islamic finance principles, expanding opportunities for investors in the Middle East.
BlackRock’s IBIT Sees Second-Largest Bitcoin Inflow Since Launch, Nearing $1 Billion
CME Bitcoin Futures open interest falls for four straight days, according to CME data.
Viant Technology Could Benefit From Buying Bitcoin, Eric Semler Says
The Semler Scientific chairman flagged the ad tech firm as ripe for a bitcoin treasury strategy amid stock struggles and cash stockpile.
Bitcoin Holds Tight Despite Dismal Economic Data, Rising India/Pakistan Tensions
The Dallas Fed Manufacturing Index plunged to its lowest level since the COVID pandemic closed the economy.
Tether’s $770M XAUT Backed by 7.7 Tons of Gold in Swiss Vault, Says Company
Tether reported the first attestation report for its Tether Gold product under new El Salvador regulations as gold demand surges globally