Here is what happened yesterday in the crypto market:
Mastercard to Launch Card with MetaMask
MetaMask is launching a crypto payments card with Mastercard, enabling users to spend self-custodied funds. This provides crypto holders with more avenues to utilize their tokens, further integrating digital assets into everyday transactions.
Read more
Nexo Returns to the U.S. Citing Renewed Optimism
Crypto lender Nexo is re-entering the U.S. market after exiting in 2022 due to regulatory challenges. Co-founder Antoni Trenchev announced Nexo’s return, highlighting renewed optimism, particularly following supportive comments from prominent figures.
Read more
Coinbase Launches Bitcoin Yield Fund for Institutions
Coinbase Asset Management is introducing a new fund for institutional investors to earn yield on their Bitcoin holdings. The Coinbase Bitcoin Yield Fund, launching on May 1 for non-U.S. institutions, aims to provide returns between 4% and 8%.
Read more
ProShares Gains SEC Approval for XRP ETFs
ProShares has secured SEC approval for three XRP ETFs, marking a milestone for XRP accessibility in traditional financial markets. This move enhances investment opportunities for those interested in XRP.
Read more
Bitcoin Acts as Store of Value Amidst Economic Uncertainty
Bitcoin is acting as a store of value during times of US-risk-off sentiment, potentially shifting its relationship with traditional assets, according to NYDIG. This suggests a growing perception of Bitcoin as a safe haven asset during economic instability.
Read more