Bitcoin Extends Gains As Fed Pulls Biden-Era Guidance On Bank’s Crypto Dealings | ZeroHedge

The Federal Reserve Board on Thursday announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities. 

These actions ensure the Board's expectations remain aligned with evolving risks and further support innovation in the banking system.

Bitcoin prices extended gains above $95,000…

Amid a sudden resurgence in net inflows into BTC ETFs…

The Board is rescinding its 2022 supervisory letter establishing an expectation (more…)

Continue ReadingBitcoin Extends Gains As Fed Pulls Biden-Era Guidance On Bank’s Crypto Dealings | ZeroHedge

Institutions Break Up With Ethereum But Keep ETH On The Hook | ZeroHedge

Authored by Yohan Yun via CoinTelegraph.com,

Ethereum is entering one of its most precarious periods since its inception. Usage on the base layer is plummeting, core metrics are nearing multi-year lows, and even co-founder Vitalik Buterin is proposing a radical architectural overhaul. 

Institutions aren’t waiting to see how it plays out. Blockchain data shows that long-time supporters such as Galaxy Digital and Paradigm have been slashing their Ether holdings in recent (more…)

Continue ReadingInstitutions Break Up With Ethereum But Keep ETH On The Hook | ZeroHedge

Sudden Massive ETF Inflows Push Bitcoin Above Google As World’s 5th Largest Asset | ZeroHedge

Investments in Bitcoin exchange-traded funds (ETFs) rebounded to levels last seen in January, signaling a recovery in investor sentiment from concerns about global trade tariff escalations.

US spot Bitcoin ETFs had over $912 million worth of cumulative net inflows on April 22, marking their highest daily investment in more than three months since Jan. 21…

This helped lift the price of bitcoin above $94,000…

“Macro factors like a weakening dollar and rising gold correlation” may reinforce Bitcoin’s appeal as a (more…)

Continue ReadingSudden Massive ETF Inflows Push Bitcoin Above Google As World’s 5th Largest Asset | ZeroHedge