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Bitcoin breaks $72k as traders weigh next leg higher, marching back towards $100k?

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Bitcoin Core maintainers face shake-up as Gloria Zhao revokes PGP key

Bitcoin has climbed back above $72,000, keeping the short‑term uptrend intact while setting up a test between bullish targets near $78,000 and critical support around $70,000.

Summary

  • BTC/USDT is trading just above $72,000 with a modest 24‑hour gain, keeping the short‑term uptrend intact as long as $70,000 support holds.
  • A sustained push could open room toward the $78,000–$80,000 zone, but failure to defend $70,000 risks a move back toward $63,000–$65,000.
  • Macro drivers such as rates, liquidity and U.S. regulation will likely matter more for the next big move than any single intraday breakout.

Bitcoin has pushed back above $72,000, but the structure behind the move matters more than the headline level. According to Gate, BTC/USDT is trading around $72,036, up 1.28% over the past 24 hours, while the Bitcoin price on crypto.news shows spot hovering near $71,375 with a 7‑day gain of more than 7% and a 24‑hour range between roughly $70,500 and $72,700. That places the market just below the upper end of its recent band and well off the October 2025 all‑time high near $126,000.

Bitcoin reclaims $72k as traders brace for upward momentum

Short term, the breakout above $72,000 keeps the bulls in control as long as Bitcoin holds the $70,000–$71,000 zone on closing bases. Several recent updates note that BTC has been forming a bullish continuation pattern, with some technical analyses flagging upside targets in the $78,000 area if momentum persists. On-chain and exchange‑flow data also show continued net outflows from centralized venues, a pattern often associated with spot accumulation rather than distribution. As long as those outflows persist and funding rates stay contained, a grind toward the mid‑$70,000s and a potential test of $78,000 looks plausible over the coming weeks.

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Medium term, most model‑driven forecasts see room for further upside but not a straight line. One aggregated prediction set has Bitcoin trading in a rough $72,000–$93,000 band over the next 6–12 months, implying 10–30% potential upside from current levels if macro conditions cooperate. Separate scenario work suggests a base case around $98,000 by late 2026, with bull targets in the low $130,000s and bear cases closer to the low $50,000s, underscoring that volatility and policy risk remain central to the thesis. In practice, the path will be driven less by chart patterns than by the Federal Reserve’s rate path, U.S. regulatory clarity around bills like the CLARITY Act, and the durability of ETF inflows.

For now, the key levels are clear: holding $70,000 keeps the current structure intact and leaves room for a push toward $78,000–$80,000; losing that floor would reopen a slide back toward $63,000–$65,000, where ETF demand and institutional bids last showed up in size. Traders betting on a clean breakout need to remember the obvious: at these valuations, Bitcoin trades as a high‑beta macro asset, and any shock to rates, liquidity, or regulatory confidence can turn a 1.28% daily gain into a double‑digit drawdown fast.

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Coinbase XRP TAS goes live for institutions today

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Dimon to Coinbase CEO Armstrong: ‘You’re full of it’

Coinbase activated Trade at Settlement for XRP futures on May 1, making XRP TAS the first altcoin to receive the same institutional block-trade execution mechanism already available for Bitcoin, Ethereum, gold, and crude oil futures, following a CFTC filing on April 21.

Summary

  • XRP TAS allows institutional investors to execute large block orders for both nano XRP and full-sized XRP futures at the official 4 PM settlement price, removing intraday price exposure that increases execution costs at volume.
  • The tool places XRP on the same operational footing as traditional commodity futures, directly following the SEC and CFTC’s March 2026 joint classification of XRP as a digital commodity.
  • A Coinbase and EY-Parthenon survey found that 25% of institutional investors plan to add XRP to their portfolios in 2026, with 65% citing regulatory clarity as the primary condition holding them back.

Coinbase XRP TAS went live on May 1, as Coinbase Derivatives activated Trade at Settlement functionality for XRP futures on both nano and standard contracts. As crypto.news reported, Coinbase filed documentation with the CFTC on April 21 confirming the activation, with the filing outlining how TAS will support block trades under the Commodity Exchange Act, with Coinbase’s Market Regulation team overseeing activity to ensure fair and transparent execution. TAS lets large institutional participants lock in the official 4 PM settlement price rather than trading against live, fluctuating intraday markets — a standard mechanism in traditional commodity futures that reduces execution cost and position-sizing uncertainty at volume. Previously, Bitcoin, Ethereum, gold, and crude oil held TAS eligibility on Coinbase. XRP is the first altcoin to receive it.

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The TAS activation lands within a broader institutional build-out for XRP that has accelerated since the SEC and CFTC jointly classified XRP as a digital commodity in March 2026. As crypto.news documented, Goldman Sachs has disclosed a $153.8 million position across four XRP ETFs, and total XRP ETF assets under management have reached $1.53 billion. A Coinbase and EY-Parthenon survey found that institutional investors plan to increase XRP exposure from 18% to 25% of portfolios in 2026, with 65% citing regulatory clarity as their threshold condition. The TAS launch is arriving at the same time as a Coinbase market maker program that also activates May 1 and is designed to improve order book depth for XRP and other crypto futures on the exchange. As crypto.news tracked, XRP ETFs logged their best inflow month of 2026 in April at $81.63 million, with the nine-day positive streak ending just days before the TAS activation adds another institutional access layer to the asset.

The 247 Wall St. analysis notes that TAS is one of four concrete XRP catalysts in May alone: GraniteShares launches 3x leveraged XRP ETFs on May 7, Powell exits as Fed chair on May 15, and the CLARITY Act faces its hard May 21 markup deadline. If block trade flows through TAS materialise at scale, they will be the clearest signal yet that institutional XRP demand is converting from stated intent into actual capital deployment.

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MegaETH’s MEGA launch soured by undisclosed fees on Kumbaya

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MegaETH’s MEGA launch soured by undisclosed fees on Kumbaya

MegaETH liquidity providers (LPs) are furious following yesterday’s MEGA launch after Kumbaya, the network’s flagship decentralized exchange (DEX), reportedly took half of their trading fees, undisclosed.

In total, the DEX took over $375,000 in protocol revenue between April 30 and May 1, according to DeFiLlama data.

Responding to the outcry, Kumbaya said that “updated documentation along with more details on Kumbaya’s fee structure is coming tomorrow.”

Hours later, the team advised that the DEX is “safe to use” following a security alert on its site which had been “flagged by a wave of malicious manual reports,” seemingly from embittered users.

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Read more: Crypto hackers snatch over $1B in 68 incidents this year 

Unhappy LPs took to X to voice their anger over discovering the fee split via on-chain data, after the info was reportedly lacking on the exchange’s website.

Another user claimed that Kumbaya “implied for months” that LPs in certain pools would earn points or tokens once MEGA launched via a logo in the UI, which was later quietly removed.

Yet another felt betrayed by Kumbaya’s close links to the MegaETH Foundation, and recommended LPs migrate to competitor Prism. The official MegaETH X account has repeatedly endorsed Kumbaya, even calling it “ecosystem critical” upon deployment in January.

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Compared with Uniswap’s share of LP fees, which are significantly lower, or even Prism’s 25%, Kumbaya’s undisclosed 50% split is seen as predatory, capitalizing on the flurry of trading around MEGA’s launch.

On the other hand, contrarian crypto lawyer Gabriel Shapiro argued that “the code *is* the disclosure.” He later added that “the whole merit of defi is that the code is available.”

The MEGA token is down approximately 25% since launch, with a fully diluted valuation of approximately $1.5 billion.

Read more: MegaETH pre-deposit event derailed by congestion and multisig mayhem

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Not MegaETH’s first rodeo

The network previously faced embarrassment during a hotly-anticipated “pre-deposit event” in November.

Despite claiming to be “the first real-time blockchain,” with ultra-fast >100,000 transactions per second (TPS) and sub-10 ms block times, the event was beset by a congested KYC process.

This led to many would-be depositors missing their chance as the initial $250 million cap was filled within three minutes.

In an attempt to make things right, the team decided to quadruple the initial cap, queuing a pre-signed transaction in the projects multisig wallet.

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However, the transaction was then discovered and executed well ahead of schedule by user chud.eth with an “oops,” before eventually being walked back to $500 million by the team.

“Unfortunately, the party responsible for executing the raise tx was unfamiliar with the specific Safe feature,” the team later admitted.

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

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Investors Rush As 2nd May Approaches Making DOGEBALL The Top Crypto to Invest This Week

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Investors Rush As 2nd May Approaches Making DOGEBALL The Top Crypto to Invest This Week

Momentum is building fast around the top crypto to invest this week, and early-stage opportunities are becoming harder to find at low entry points. DOGEBALL crypto presale 2026 is one of the few projects still offering a sub-$0.001 price while already attracting strong investor participation. With over $245K+ raised and 890+ participants onboarded, the demand is clearly accelerating.

The presale went live on 2nd January 2026 and is now approaching its final deadline on 2nd May 2026. This short 4-month window creates a rare setup where investors can position early and aim for significant upside in a limited time. As 2nd May gets closer, the urgency to secure early pricing is increasing.

DOGEBALL Crypto Presale 2026 Gains Traction As A Top Crypto To Invest This Week

DOGEBALL crypto presale 2026 is being recognized as a top crypto to invest this week because it delivers real infrastructure, not speculation. Built on DOGECHAIN, a custom Ethereum Layer 2, the project integrates GameFi and PayFi into a single ecosystem designed for real-world use.

DOGEBALL enables users to send crypto while receivers get fiat directly into their bank accounts across 30+ currencies. Transactions are near-instant, with zero FX fees and no intermediaries involved. This direct system removes delays and costs that typically affect global payments, giving DOGEBALL a clear functional advantage.

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Real Utility And High Demand Mechanics Drive Investor Confidence

DOGEBALL introduces measurable value through its payment and gaming infrastructure, creating continuous demand for its native token. $DOGEBALL is used to pay transaction fees, which naturally drives buy pressure as adoption increases. Combined with staking rewards, the token offers both utility and earning potential.

The gaming ecosystem further strengthens its position by offering up to $1M in rewards, with top prizes reaching $500K. Players can instantly convert winnings into fiat without losing a percentage to intermediaries. This creates a direct and efficient system for gamers, developers, and content creators globally.

Presale Pricing Gap Creates Strong ROI Potential

At the current presale price of $0.0004, DOGEBALL is expected to launch at $0.015. This pricing difference represents a potential ROI exceeding 3600% within the 4-month presale period. Investors entering now are positioned to benefit from this gap as the launch approaches.

Using bonus code PAY35 adds another advantage by providing 35% extra $DOGEBALL tokens. On top of that, the Buyer of the Week incentive offers a 100% token bonus on total weekly spend, making top buyers feel like VIP participants while encouraging competitive accumulation.

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Buyer Of The Week Competition Creates Urgency And High Engagement

The Buyer of the Week program has become a major driver of activity within the DOGEBALL ecosystem. Participants are competing aggressively for the top spot, knowing that the 100% token bonus can significantly boost their holdings. This structure directly rewards commitment and timing.

In the past 7 days, the competition reached peak intensity with a $2131 purchase at 23:58 UTC taking first place, only to be overtaken by a $2320 buy at 23:59 UTC. This last-minute shift highlights how serious investors are about maximizing their allocation before each weekly cycle ends.

How To Buy DOGEBALL Before The Presale Ends On 2nd May

Joining the DOGEBALL presale is simple and designed for quick access. Investors can visit the official website, connect their wallet, and choose their preferred investment amount. The process is streamlined to ensure fast participation without unnecessary steps.

Before completing the purchase, entering the bonus code PAY35 unlocks an additional 35% in tokens. With the presale ending on 2nd May 2026 approaching quickly, acting now ensures access to the lowest price tier and available incentives before they close.

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Final Take: DOGEBALL Presale Positioned As Top Crypto To Invest This Week

DOGEBALL continues to stand out as the top crypto to invest this week due to its strong combination of utility, demand mechanics, and early-stage pricing. The DOGEBALL presale has already crossed $200K+ in funding within a short period, confirming growing investor confidence.

With real-world payment solutions, a functional gaming ecosystem, and a clear pricing advantage, DOGEBALL offers more than speculation. As 2nd May approaches, this presale is entering its final phase, making immediate action critical for those targeting early-stage gains.

Find Out More Information Here

Website: https://dogeballtoken.com/

X: https://x.com/dogeballtoken

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Telegram Chat: https://t.me/dogeballtoken

FAQs For Top Crypto To Invest This Week

1. Which crypto is best for this week?

The top crypto to invest this week is DOGEBALL due to its active presale, strong utility in payments and gaming, and high ROI potential from $0.0004 to $0.015, making it attractive for early investors.

2. What crypto is best to invest in right now?

DOGEBALL is a strong option right now with $245K+ raised and 890+ participants. Its ecosystem supports instant payments and gaming rewards, giving it real-world value beyond typical crypto presale projects.

3. Which crypto is increasing fast?

DOGEBALL is gaining traction quickly during its presale phase. Strong participation, weekly incentives, and bonus rewards are driving rapid growth and increasing investor interest ahead of its upcoming launch.

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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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DeFi Sets New Hack Record as April Logs 28 Exploits with $635M Stolen

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DeFi Sets New Hack Record as April Logs 28 Exploits with $635M Stolen


April’s exploits were driven less by smart contract bugs and more by social engineering, bridge spoofing, and AI-assisted reconnaissance.

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Datavault AI (DVLT) Stock Climbs on CyberCatch Acquisition Announcement

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

Key Highlights

  • DVLT shares advance following CyberCatch acquisition announcement

  • Stock climbs 3.05% on news of all-stock transaction with CyberCatch Holdings

  • Acquisition brings AI-powered compliance and security capabilities to Datavault

  • Deal broadens company’s cybersecurity portfolio amid rising industry demand

  • DVLT strengthens position in AI cybersecurity sector through strategic buyout

Shares of Datavault AI (DVLT) climbed following the company’s announcement of a binding agreement to purchase CyberCatch Holdings through an all-stock deal. The stock reached $0.7479, representing a 3.05% increase, though it retreated from an earlier peak above $0.79. This acquisition positions Datavault AI to capitalize on expanding cybersecurity needs across sectors including defense, healthcare, financial services, and data management.

Datavault AI Inc., DVLT

Strategic Acquisition Agreement Outlined

The company entered into a binding letter of intent for a complete acquisition of CyberCatch through an all-stock arrangement. Following completion, CyberCatch will operate as a fully owned subsidiary. The transaction is structured to proceed via a court-sanctioned plan of arrangement in accordance with British Columbia corporate regulations.

The agreement stipulates that Datavault AI will purchase approximately 26.8 million outstanding CyberCatch common shares. In return, CyberCatch’s existing shareholders will receive roughly 49.9 million newly created Datavault AI shares. This exchange assigns a valuation of approximately CAD $136.84 million to CyberCatch’s equity.

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Following transaction completion, existing Datavault AI shareholders will retain approximately 92.48% ownership of the merged entity. Former CyberCatch shareholders will control around 7.52% on a non-diluted basis. The San Diego-based CyberCatch operation will remain under the leadership of its founder and chief executive, Sai Huda.

Platform Capabilities and Market Opportunity

CyberCatch operates an AI-driven platform designed for continuous cybersecurity compliance verification and cyber risk reduction. The system performs automated control assessments, evaluates security posture, and executes persistent penetration testing. Results are aligned with prominent regulatory frameworks such as CMMC, NIST, ISO 27001, HIPAA, and PCI DSS.

This transaction positions Datavault AI within a substantial and growing market segment. According to Gartner forecasts, global information security expenditures are anticipated to hit $240 billion by 2026. Furthermore, the research firm predicts the AI-enhanced security market will expand to $160 billion by 2029.

CyberCatch’s offerings address increasing regulatory pressure on organizations, particularly in defense contracting. The U.S. Cybersecurity Maturity Model Certification (CMMC) program launched its initial phase in November 2025. Required third-party compliance assessments for Level 2 contracts take effect in November 2026.

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Integration Strategy and Technology Synergies

Datavault AI intends to integrate CyberCatch’s capabilities as a foundational security component throughout its existing technology infrastructure. This encompasses the company’s DataValue, DataScore, and Information Data Exchange solutions. Management anticipates the platform will enable secure processing of workloads subject to regulatory oversight.

The acquisition aligns with Datavault AI’s quantum-resistant edge computing initiatives. CyberCatch has been advancing MARS-MABE encryption technology designed to enhance access management and credential revocation capabilities. This innovation could facilitate secure data operations across healthcare institutions, defense contractors, financial firms, manufacturing operations, and energy providers.

Several conditions remain before transaction completion, including execution of definitive documentation, completion of due diligence reviews, board authorization from both entities, CyberCatch shareholder consent, and judicial approval. Regulatory clearance from both Nasdaq and the TSX Venture Exchange is also required. The parties have committed to a 45-day exclusive negotiation window to finalize binding terms.

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Tether posts $1.04 billion in first-quarter profit, reaches $8.23 billion reserve buffer

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Tether scales back $20 billion funding ambitions after investor resistance: FT

Tether, issuer of the largest stablecoin by market capitalization, said first-quarter net profit was $1.04 billion and excess reserves increased to a record $8.23 billion.

The company did not provide year-earlier or fourth-quarter figures. It reported a net profit of more than $10 billion for all of 2025.

The amount of the dollar-pegged USDT in circulation remained stable, with total token-related liabilities of about $183 billion as of March 31, the firm said in its quarterly report. The company’s total assets are just under $192 billion, it said.

The report was released at a time of increasing global demand for stablecoins as they find uses outside crypto trading as a mechanism for international payments. Just this week, Visa announced expansion of its stablecoin settlement pilot to nine blockchains, adding Base, Polygon, Canton Network, Arc and Tempo to existing support for Ethereum, Solana, Avalanche and Stellar.

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Excess reserves, up from $6.3 billion at end-2025, were supported by “continued profitability and a reserve base concentrated in short-duration, high-quality liquid instruments,” the company said.

USDT is the third-largest cryptocurrency, behind bitcoin and ether (ETH), with a market capitalization of just under $190 billion.

The majority of Tether’s reserves are held in U.S. government-backed instruments and short-term liquidity facilities, the firm said, adding that it is the 17th-largest holder of U.S. Treasuries globally. Tether has become a top 10 buyer of U.S. Treasuries over the past two years, surpassing Taiwan, Israel and the UAE.

Its physical gold holdings are roughly $20 billion and its bitcoin reserve is approximately $7 billion, it said.

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Banks push back on GENIUS Act stablecoin rules

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GENIUS Act turns stablecoins into tools of dollar dominance, not crypto rebels

Major US banking trade groups have asked the Treasury Department and the FDIC to pause three GENIUS Act rulemaking comment periods until the OCC finalises its primary stablecoin framework, while stablecoin startup Agora simultaneously filed for a national trust bank charter on April 24 to establish a federal presence before the rules harden.

Summary

  • The American Bankers Association and the Bank Policy Institute asked Treasury and the FDIC to wait 60 days after the OCC finishes its framework before running parallel comment periods, arguing the proposals are structurally interdependent.
  • Agora CEO Nick van Eck called the banks’ stance “not much of a surprise,” adding that their real concern is deposit flight and the loss of yield spread between near-zero deposit rates and Fed reserves.
  • Van Eck said Agora’s charter, if approved by year-end, would allow the company to issue stablecoins directly under federal oversight and eliminate what he called “egregious fees” in fiat-to-crypto on/off ramps.

The GENIUS Act banking groups officially pushed back on April 22 when the American Bankers Association, the Bank Policy Institute, and two other trade associations wrote to the Treasury Department and the FDIC requesting extended comment periods on three proposed implementation rules. As crypto.news reported, the groups argued that the Treasury’s equivalency rule, the FDIC’s issuer standards rule, and the FinCEN-OFAC anti-money-laundering directive are all “substantively tethered” to the OCC’s pending framework and cannot be meaningfully assessed until the OCC publishes its final rule. The GENIUS Act, signed into law in July 2025, is scheduled to take effect no later than January 18, 2027.

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“This is not much of a surprise,” van Eck said of the banking sector’s response, calling the law “one of the most significant pieces of banking legislation in our generation.” He said banks’ deeper concern is the prospect of users moving deposits to stablecoin platforms that can pass through higher yields, eroding the spread between near-zero deposit rates and returns banks earn at the Federal Reserve. Agora’s counter-move was to file for a national trust bank charter with the OCC on April 24, positioning the firm to issue stablecoins directly under federal oversight rather than waiting for the broader rulemaking to settle. Van Eck said a federal charter would eliminate “egregious fees” in fiat-to-crypto conversion infrastructure and allow Agora to expand into custody, compliance, and payments.

As crypto.news documented, the OCC released its proposed stablecoin rulebook in February 2026, covering issuance, reserves, supervision, and redemption requirements for permitted payment stablecoin issuers. That proposal opened a 60-day comment window that closed May 1. As crypto.news tracked, the Treasury separately proposed its own rules covering state-level oversight for issuers under $10 billion, with a June 2 comment deadline. Banks are effectively seeking to collapse the three separate timelines into a single coordinated process, which analysts say could delay the GENIUS Act’s activation by several months and give traditional lenders more time to assess the competitive threat from nonbank stablecoin issuers before the rules are locked.

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Coinbase CUSHY credit fund targets institutions

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Epstein files show crypto ties to Coinbase, Blockstream: DOJ

Coinbase Asset Management announced CUSHY on April 30, a tokenised stablecoin credit fund for qualified institutional investors running on Ethereum, Solana, and Base, with Apollo handling private credit origination, Superstate issuing tokenised shares via FundOS, and Northern Trust administering the fund.

Summary

  • Coinbase CUSHY targets yield from three sources: public digital credit, private asset-based lending through Apollo, and structural alpha from tokenisation incentives and on-chain market positions.
  • CUSHY is the first external fund issued on Superstate’s FundOS platform, which already manages over $1 billion in AUM through Superstate’s own USTB and USCC products.
  • COIN stock rose 3.7% on the April 30 announcement as the fund arrives amid the CLARITY Act debate over whether stablecoin yield can be offered directly to users.

Coinbase CUSHY was unveiled on April 30 by Coinbase Asset Management, positioning the product as a bridge between traditional fixed-income markets and on-chain settlement infrastructure. As crypto.news reported, the strategy is structured as a diversified credit fund where qualified investors access tokenised shares across Ethereum, Solana, and Base, with Coinbase Prime handling custody and trading. “With CUSHY, we are fusing the high-velocity efficiency of digital rails with the institutional rigour of traditional credit,” said Anthony Bassili, President of Coinbase Asset Management. The fund is expected to launch in Q2 2026.

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The partnership structure behind CUSHY distinguishes it from earlier tokenised fund experiments. Superstate, which operates as an SEC-approved transfer agent and already runs $1 billion-plus across its USTB and USCC fund strategies, provides the FundOS infrastructure. Apollo brings private credit origination to the fund, funnelling asset-based lending exposure to both crypto-native and traditional borrowers. Superstate CEO Robert Leshner noted that CUSHY could eventually expand into decentralised finance use cases, and said several additional asset managers are expected to adopt FundOS in coming months.

As crypto.news documented, Coinbase’s head of investment research David Duong had projected that stablecoins and tokenised credit would form a core pillar of institutional crypto adoption in 2026, citing regulatory clarity from the GENIUS Act as the enabling condition. CUSHY’s launch lands as the CLARITY Act debate over stablecoin yield reaches its most critical window, with the Senate Banking Committee markup expected the week of May 11. CUSHY’s structure as a credit fund rather than a direct yield-bearing stablecoin product means it sits outside the specific yield restrictions that banking groups have lobbied hardest to enforce, giving the product regulatory insulation that a pure stablecoin yield wrapper would not have. As crypto.news tracked, Coinbase’s broader stablecoin stack has been expanding rapidly, with Apollo credit strategies and BlackRock tokenisation agreements adding institutional weight to the infrastructure CUSHY is built on.

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Bitcoin reclaims the $78,000 handle on Gate

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Is Bitcoin quantum-safe? What crypto investors need to know in 2026

Bitcoin has reclaimed $78,000 on Gate’s BTC/USDT pair, extending a rebound from $76,000 and keeping the market within range of the closely watched $80,000 level.

Summary

  • Gate’s BTC/USDT market shows Bitcoin trading at about $78,004, up 2.15% over the past 24 hours and back above a key resistance area traders have been watching all week.
  • The move extends a broader rebound from lows near $76,000, keeping BTC within striking distance of the psychologically important $80,000 level highlighted in recent price commentary.
  • Derivatives and ETF flows remain the main drivers, with prior sessions already seeing BTC oscillate between the mid‑$70,000s and just under $79,000 as traders test the upper end of the current range.

According to spot data from Gate, the BTC/USDT pair is currently changing hands around $78,004, marking a roughly 2.15% gain over the last 24 hours.

Gate quotes BTC above $78,000 after latest push higher

That lift puts Bitcoin back above the $78,000 line that has acted as a near-term ceiling in recent sessions, with multiple exchanges reporting repeated tests of the high‑$70,000s but little sustained time above that zone.

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External price trackers cited by outlets such as Fortune and LatestLY have likewise noted BTC oscillating between roughly $76,000 and $79,000 as the market digests earlier gains and watches for a clean break toward $80,000.

Why the $78,000 level matters for traders

While the difference between $76,000 and $78,000 may seem marginal in percentage terms, the current band sits just below a widely watched round‑number milestone at $80,000.
As yellow.com pointed out in a recent note, BTC’s ability to hold above roughly $78,000 has coincided with rising retail search interest and renewed ETF inflows, both of which can add incremental spot demand when sentiment leans bullish.

In earlier coverage, LatestLY highlighted resistance near $78,500 as the last major hurdle before a potential run at $80,000, framing the current zone as a “launch pad” rather than a destination if macro conditions and flows stay supportive.

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For intraday traders, the reclaim of $78,000 on venues like Gate often becomes a reference level for short‑term strategies: staying above it can keep the bias tilted toward testing $79,000–$80,000, while a failure back below may invite another round of mean‑reversion trades toward the mid‑$70,000s.

Longer‑term holders, meanwhile, tend to focus more on how these levels line up with broader trends in ETF flows, exchange reserves, and macro indicators like the dollar index and Federal Reserve expectations, factors covered in previous crypto.news pieces on Bitcoin’s approach to $80,000 and beyond.

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RLUSD Supply Drops After Ripple Executes $120M End-Month Burn

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR

  • Ripple burned about $120 million worth of RLUSD on April 30 through two separate transactions.
  • The burn ranks as the second-largest intraday RLUSD reduction recorded on the XRP Ledger.
  • The transactions reduced RLUSD supply on the XRP Ledger to about $253 million.
  • Ethereum now holds about 82.5% of the total RLUSD supply after the latest burn.
  • Historical data shows Ripple often follows large burns with early-month mint activity.

Ripple executed large RLUSD burn transactions on April 30, reducing supply across networks. The company removed about $120 million through two separate ledger entries. Data shows a repeated monthly pattern tied to liquidity adjustments.

RLUSD Burn Activity Reduces Supply on XRPL

Ripple processed two burn transactions on the XRP Ledger within hours on April 30. The first transaction removed $85 million worth of RLUSD at 15:46 UTC.

Later, Ripple completed another burn of 34.248 million RLUSD at 21:24 UTC. Together, these transactions totaled $119.25 million removed from circulation.

The burn reduced RLUSD supply held on the XRP Ledger. Current data shows only $253 million remains on XRPL after the reduction.

Meanwhile, most RLUSD supply sits on Ethereum. About $1.191 billion, or 82.5%, remains outside the XRP Ledger.

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A tracker created by validator Vet recorded both transactions. Vet stated, “This marks one of the largest intraday RLUSD burns recorded.”

The tracker confirms the event ranks as the second-largest burn in a single day. Only the March 31 burn exceeded this volume.

Monthly RLUSD Pattern Points to Incoming Mint Activity

Historical data shows Ripple follows large burns with early-month minting. This pattern has repeated across several recent months.

On Dec. 31, 2025, Ripple burned $58 million in RLUSD. It then minted $67.6 million on Jan. 2, 2026.

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The company repeated this pattern in late January. It burned $93.2 million before minting $102 million in early February.

In late February, Ripple removed $88.7 million in RLUSD. It then minted the same amount on March 2.

March recorded the largest burn event so far. Ripple removed $179 million on March 31 across networks.

Early April followed with a mint of $123.6 million. These transactions occurred within the first two days of the month.

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Vet referenced this trend and said, “Large burns often precede similar mint volumes shortly after.” The data supports this recurring sequence.

RLUSD Supply Distribution and Market Position

The recent burn lowered RLUSD circulating supply on the XRP Ledger. The total supply now reflects a sharp shift toward Ethereum holdings.

XRPL currently hosts only 17.5% of RLUSD supply. This marks a drop after repeated burn transactions.

Ethereum continues to hold the majority share. Its 82.5% portion reflects ongoing distribution changes.

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Despite supply changes, RLUSD remains among the top stablecoins. It currently ranks eighth by market capitalization.

Data shows RLUSD needs about $1 billion growth to reach seventh place. Current figures place it behind competitors in that ranking.

Burn and mint cycles continue to shape RLUSD supply levels. The next mint activity may occur in early May based on prior timing.

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