Tether Finalizes Buying 70% of Adecoagro Stake, Shakes Up Board Members

Tether, the issuer behind the nearly $150 billion USDT stablecoin, has finalized the purchase of a 70% stake in the Latin American agricultural firm Adecoagro (AGRO), which has a market cap of nearly a billion dollars. Tether initially invested $100 million in Adecoagro in September 2024 for a 9.8% stake, then offered to increase it…

XRP traders predict new all-time highs as ETF approval odds rise to 85%

Key takeaways: XRP price dropped by 5% over the past 24 hours as US GDP data showed a shrinking economy. However, a strengthening market structure and investors’ growing hope for a spot XRP ETF approval in the United States suggest that the altcoin might revisit its April peak at $2.36 in the short term.  XRP/USD…

Here’s what happened in crypto today

Today in crypto, Ripple reportedly made a $5 billion bid to acquire Circle, an elderly US citizen was targeted in a $330 million Bitcoin social engineering scam, and a court ruled that Tornado Cash cannot be sanctioned again. Ripple $4B-$5B bid to purchase Circle rejected — Report Blockchain payments firm Ripple has reportedly bid up…

Bloomberg Intelligence boosts Solana ETF approval odds to 90%

Bloomberg Intelligence has boosted its estimated odds of US regulators approving a Solana exchange-traded fund (ETF) in 2025 to 90%, according to an April 30 post on the X platform.  The company also set more favorable chances of approval for other altcoin ETFs, including proposed funds holding XRP (XRP) and Dogecoin (DOGE), Bloomberg analyst Eric…

Ethereum bulls show interest as traders’ confidence in ETH’s $1.8K level improves

Key takeaways: Traders remain cautious about ETH’s price action, but optimistic sentiment is beginning to return. The May 7, Ethereum Pectra upgrade could boost investor sentiment, but ETH’s price action shows investors are still hesitant to open new positions. Ether (ETH) has been trading below $1,900 since March, leading investors to question whether the failed…

‘Huge Shift’ in crypto firms’ compliance mindset, says Elliptic co-founder

The crypto industry has seen a significant shift toward regulatory compliance since its early days, according to James Smith, co-founder of Elliptic, a crypto compliance firm established in 2013. “In the early days, only a few companies approached compliance in a serious way,” Smith told Cointelegraph at the Token2049 event. “Coinbase was our first customer…

Bitcoin selling at $95K is ‘profit-taking pressure test’ but BTC whales are still buying

Key Takeaways: US GDP shrank -0.3% in Q1, far below +0.3% forecasts, sparking recession fears. Bitcoin faces selling pressure with its spot volume delta dropping $300 million in 3 days. Whales are accumulating BTC, but smaller holders are selling, hinting at profit-taking. Bitcoin’s (BTC) price dropped under $93,000 on April 30, after the US Gross…

Hong Kong Extends Migrant Policy to Facilitate DLT and FinTech Professionals

A new Hong Kong government initiative seeks to attract professionals in Distributed Ledger Technology (DLT) by simplifying the immigration policy, according to a press release published August 28. On Thursday, the government of Hong Kong published its first Talent List aimed at attracting “highly skilled” experts in 11 different fields, including fintech, DLT, and cyber…

Is Bitcoin price going to crash again?

Key takeaways: Bitcoin’s 28% rebound from $75,000 faces resistance at $95,000, risking a bull trap. Strong spot price momentum and ETF inflows support a potential $100,000 push. Bull flag pattern suggests a $108,300 target if BTC breaks the $95,000 resistance. Bitcoin (BTC) price has rebounded by 28% from its five-month low below $75,000 reached on…

SEC drops investigation into PayPal’s stablecoin

PayPal says the US Securities and Exchange Commission has abandoned its investigation into the payment giant’s US-dollar stablecoin. PayPal said in an April 29 regulatory filing that the SEC concluded its investigation into PayPal USD (PYUSD) and wouldn’t be taking any action. The company said it received a subpoena from the SEC’s Division of Enforcement…