May 2025 – Page 263

Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall

The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.

Trading volumes for the exchange-traded funds soared to $110 billion, three times higher than either January or February, led by BlackRock’s IBIT.

The broker raised its price target to $230 from $160 and maintained its market perform rating.

Prediction markets and CME’s Fed Watch Tool have virtually ruled out a rate cut until later this year

A federal judge had a lot to say about the SEC’s claims in its suit against Coinbase.

All but three cryptos in the index posted losses last week, with alternative L1s NEAR, APT, and AVAX declining the most.

Even after the recent surge in prices and involvement from other TradFi giants, the bank maintains its belief that crypto is worthless.

Most capital went into infrastructure and decentralized finance (DeFi) projects, veri by RootData shows.

The VC is looking to raise between $750-$850 million, Bloomberg reported citing people familiar.

What appears to be another post-FTX trading-and-custody play with institutions in mind, is really all about visionary disruption.