The past 24 hours in crypto have been marked by strong, positive momentum and accelerating mainstream integration. Record-breaking fund inflows, institutional milestones like Coinbase joining the S&P 500, regulatory advancements in the US and EU, and government adoption in Dubai and New York all signal surging investor confidence and acceptance of crypto across finance, public policy, and technology. Meanwhile, new DeFi platforms, tokenized real estate, and bipartisan political support further highlight the sector’s rapid innovation and deepening global reach, even as challenges such as illicit mining persist in some regions.
US crypto investment products attracted $882 million in inflows last week, marking a four-week streak and pushing global crypto fund assets near all-time highs. This surge highlights growing investor confidence in crypto ETFs and ETPs.
Coinbase will join the S&P 500 on May 19, marking the first time a crypto company enters the index. This milestone highlights crypto's growing acceptance in mainstream finance and could signal increased institutional interest in the sector.
Classover Holdings (KIDZ), an education tech firm, announced plans to sell $400 million in shares to buy Solana, causing its stock to soar as penny stocks seek to capitalize on crypto market momentum.
Backpack exchange now enables FTX EU customers to reclaim funds from the defunct crypto platform. Eligible users can initiate withdrawals through Backpack, marking a key step in the FTX EU recovery process.
Exponential, backed by Paradigm, has launched 'YO', a DeFi platform designed to simplify yield optimization by deploying user capital across multiple chains to capture the best opportunities. The platform aims to make DeFi yield strategies more accessible and efficient.
Patel Real Estate Holdings has launched a $100 million tokenized real estate fund on the Chintai blockchain, aiming to provide accredited investors with access to institutional-grade real estate opportunities. The fund leverages blockchain for enhanced accessibility and transparency.
Rohun Vora, known as 'Frank DeGods,' has stepped down as CEO of the DeGods NFT project amid a notable increase in sales for the collection. The leadership change comes as the project gains renewed traction in the NFT market.
Nirvana Labs has secured a $6 million seed extension led by Jump Crypto and Crucible Capital, aiming to reduce the crypto industry's dependence on major cloud providers like AWS and Google Cloud.
SEC Chair Paul Atkins announced plans to revamp the agency’s cryptocurrency policies, aiming to provide clear guidelines for crypto token distributions and move away from an 'enforcement-only' approach. He also emphasized that blockchain technology could enable novel securities use cases and foster new market activities beyond current regulatory frameworks.
BitGo, a Goldman Sachs-backed crypto custodian, has received regulatory approval under MiCA to operate across the EU, following authorization from Germany's financial regulator. This positions BitGo to expand its services in the European market.
Citi and Deutsche Bank both forecast stablecoins expanding beyond crypto trading and integrating into the mainstream economy, with Deutsche Bank predicting mainstream adoption as soon as 2025. Both cite growing regulatory support—particularly significant progress on US crypto regulation under the Trump administration—as a key driver for this shift, suggesting stablecoins could soon surpass their current role in the crypto trading ecosystem.
A BIS report reveals that hundreds of billions in global cross-border crypto payments are primarily fueled by speculative investment activity. The study highlights the dominance of speculation over other use cases in the crypto payments landscape.
TuongVy Le, a former SEC lawyer, highlights how upcoming US crypto market structure regulations may influence the core of American finance, as the industry seeks regulatory clarity for global maturity.
New York Mayor Eric Adams is urging crypto companies to establish themselves in NYC, emphasizing long-term value and announcing the city's first crypto summit as part of a broader push to make New York the 'Crypto Capital' of the world.
A British High Court judge has issued a restraining order against Craig Wright, preventing him from launching further defamation lawsuits after describing his actions as sending opponents to legal 'hell.'
Electricity thefts in Malaysia linked to illegal crypto mining jumped 300% from 2018 to 2024, highlighting growing concerns over illicit mining operations and their impact on the nation's power grid.
Dubai has partnered with Crypto.com to launch crypto payments for government services, formalized during the Dubai Fintech Summit. This move supports Dubai's push to become a cashless economy and marks a major step in public sector crypto adoption.
Spot crypto ETFs are gaining bipartisan support in South Korea's upcoming presidential election, with right-wing candidate Kim Moon-soo expressing approval. The central bank has also entered discussions amid debate over stablecoins among candidates.
Australia's crypto sector welcomes the appointment of Andrew Charlton as assistant minister for the digital economy, signaling a positive stance on crypto and AI regulation amid ongoing policy discussions.