Bitwise CIO Matt Hougan expects Merrill Lynch, Morgan Stanley, Wells Fargo and UBS to allow their advisors to easily access Bitcoin ETFs this year

https://www.theblock.co/post/352521/bitwise-cio-big-four-wirehouses-bitcoin-etfs-record-inflows

The crypto market is neutral
BTC Dominance - 62.96%

Market Cap - $2.99T
BTC - $94,791.82 (-0.17%)
ETH - $1,808 (+0.07%)
XRP - $2.2 (-1.9%)
BNB - $599.3 (-0.73%)
SOL - $148.71 (+0.59%)
SUI - $3.47 (-2.44%)

https://dropstab.com

Coinbase lists Worldcoin (WLD) and Mantle (MNT)

https://x.com/CoinbaseAssets/status/1917626658615345178

Bybit has announced the launch of OBOL on Bybit Megadrod

Event period: Apr 30, 2025, 12:00 UTC – May 5, 2025, 23:59 UTC

During this period, stake MNT and USDT to share from a 6,500,000 OBOL prize pool.

Token: OBOL
Pools: USDT, MNT
Total Megadrop prize pool: 6,500,000 OBOL
Reward claim start time: May 7, 2025, 7:00 UTC
Reward claim deadline: May 30, 2025, 7:00 UTC

https://announcements.bybit.com/en/article/bybit-megadrop-stake-mnt-and-usdt-to-share-from-a-massive-6-500-000-obol-prize-pool--bltd03a67ebd261fea0/

In a critical step toward regulatory clarity, CCI’s Proof of Stake Alliance (POSA), in partnership with nearly 30 leading crypto organizations, submitted a comprehensive letter to the SEC’s Crypto Task Force urging the agency to provide clear guidance on the regulatory treatment of staking and staking services under U.S. securities laws.

https://cryptoforinnovation.org/posa-playbook/

Circle Rejected Ripple Takeover Bid of $4-5B

https://x.com/matthew_sigel/status/1917647009994993944

Canary Capital officially files a prospectus with the SEC for a Staked SEI ETF

https://x.com/jseyff/status/1917689341926899863

Sam Altman’s World project is launching in the U.S.

Americans will be able to collect WLD tokens when verifying their personhood and establishing a World ID.

The project also plans to launch a Visa card that users can use to spend digital assets.

https://www.theblock.co/post/352679/sam-altmans-world-project-launching-in-us-with-plans-for-visa-card-and-tinder-pilot-program

Movement delayed MoveDrop due to issues with the market maker

https://x.com/movementlabsxyz/status/1917719734805749868

Tether Acquires 70% Stake in Adecoagro

https://tether.io/news/tether-acquires-70-stake-in-adecoagro-signaling-strategic-expansion-into-sustainable-infrastructure/

Ethena Labs Integrates USDe into TON and Telegram Ecosystem

The partnership spans 3 major product lines, rolled out over May:

1. An integration into all major non-custodial TON wallets, such as TON Space, Tonkeeper, MyTonWallet
2. An integration into Wallet in Telegram, the custodial crypto wallet in Telegram
3. Integration into major TON DeFi applications, where Ethena will help to power trading, savings, and lending use cases

Eligible holders of Ton Staked USDe (tsUSDe) on the non-custodial wallets will get an additional 10% APY paid weekly in TON on top of native sUSDe rewards. The boost will apply to up to 10,000 tsUSDe per TON user.

Starting in May, Telegram Wallet will directly integrate Ethena, making Ethena rewards directly accessible to all users of Wallet. Ethena will power a USDT Earn vault, allowing users to stake USDT, but earn Ethena rates simultaneously. This wll make USDe the the only other dollar asset available in the wallet aside from Tether USDT on TON.

https://x.com/ethena_labs/status/1917855295335981232

Tether plans to launch a US stablecoin product by the end of 2025 or early 2026, CEO Paolo Ardoino says.

https://x.com/cointelegraph/status/1917843993821434347

World Liberty Financial's stablecoin, USD1, will be used for MGX's $2 billion investment in Binance

USD1 will integrate with the Tron ecosystem, supported by billionaire Justin Sun.

https://www.coindesk.com/business/2025/05/01/world-liberty-s-stablecoin-will-be-used-to-close-mgx-s-usd2b-binance-investment-eric-trump

Ethereum Set for UX Overhaul With New Interoperable Address Standards

Contributors are working on new ERC-7930 and ERC-7828 standards to simplify transactions on Ethereum and compatible chains.

https://decrypt.co/317259/ethereum-set-for-ux-overhaul-with-new-interoperable-address-standards

MEXC launches $300M Web3 fund, commits to ‘strategic investment’

https://cointelegraph.com/news/mexc-300m-web3-fund-strategic-investment

Morgan Stanley is working on a plan to add cryptocurrency trading to its E*Trade platform, with a potential launch next year

https://www.bloomberg.com/news/articles/2025-05-01/morgan-stanley-plans-to-offer-crypto-trading-to-e-trade-clients

DWF Labs started acquiring some tokens on open market, building its long position

https://x.com/ag_dwf/status/1917924236586348732

Tether says Treasury exposure neared $120 billion in Q1, posts $1 billion profit

https://tether.io/news/tether-approaching-120b-in-u-s-treasuries-confirms-quarterly-operating-profit-over-1b-and-strengthens-global-usd%E2%82%AE-demand-in-q1-2025/

Sky community mulls final proposal to replace MKR with SKY as sole governance token, enabling staking and USDS rewards

https://forum.sky.money/t/atlas-edit-weekly-cycle-proposal-week-of-may-5-2025/26319