Coinbase CUSHY credit fund targets institutions

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.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

05-02

Ethereum ETFs Shed $184M Over 4-Day Negative Streak

Ethereum ETFs posted $184 million in outflows over four straight days through April 30.Bitcoin ETFs also shed $476 million over the same period, but saw a $14.76 million inflow Thursday.Myriad users see a 55% chance Ethereum hits $3,000 next, up from 46% on Monday.  exchange-traded funds extended their losing streak to four days on Thursday, shedding nearly $184 million as geopolitical uncertainty offset record highs in U.S. stocks.  The outflows accelerated on April 29, when Ethereum ETFs posted $87.7 million in net redemptions, the largest single-day exit since March 26, according to SoSoValue data. Cumulative flows for Ethereum ETFs now stand at $11.9 billion, down from a peak of $12.9 billion in mid-January.  Despite the outflows, Ethereums price climbed 2.2% over the same period, trading at $2,313 on Thursday, per CoinGecko data. The divergence suggests selling pressure on the fund product has not translated directly to spot market weakness.  On prediction market Myriad, owned by Decrypt‘s parent company Dastan, users see a 55% chance that Ethereum’s next major move reaches $3,000, up from 46% on April 30.  Why ETF outflows matter now  The four-day negative streak for Ethereum ETFs coincides with broader weakness in crypto investment products. Bitcoin ETFs shed $476 million over the same four-day

05-02

Ethereum Shows Strength With $1 Billion In Buying Despite Hawkish Fed

Ethereum  Ethereum Shows Strength With $1 Billion In Buying Despite Hawkish Fed  Bitcoin Ethereum News  My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.  My parents are literally the backbone of my story. They‘ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.  I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.  When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.  Trust me, I‘ve had my share of experience with the

05-02

Ethereum news (ETH): Tom Lees BitMine secures another 10,000 ether from Ethereum Foundation

The Ethereum Foundation has sold another 10,000 ether (ETH) in an over-the-counter deal to Tom Lees BitMine (BMNR), continuing a string of treasury sales this year.  In a post on X on Friday, the organization said it finalized the sale at an average price of $2,292.15 per token, implying proceeds of roughly $22.9 million. The counterparty was BitMine Immersion Technologies, a repeat buyer that has increasingly acted as a key institutional accumulator of ETH from the foundation.  The latest transaction follows a similar March deal in which the foundation sold 5,000 ETH to BitMine at about $2,042 per ETH, raising roughly $10.2 million.  Like prior sales, the Ethereum Foundation said proceeds will go toward core operations & activities, including protocol research and development, ecosystem growth and community grants, a longstanding funding model for the organization.  The foundation added that the transaction is part of its formal treasury management strategy, under which ETH holdings are periodically converted into fiat to maintain operating runway and reduce market impact. These deals are typically executed OTC to avoid disrupting spot markets.  Bitmine, which is helmed by Fundstrat‘s Tom Lee, continues to participate in these transactions, which underscores its growing role as one of the largest corporate ETH holders. The

05-02

Visa Taps Japanese Ripple Affiliate To Offer BTC, ETH, XRP Rewards Via Credit Cards

Bitcoin Ethereum  Visa Taps Japanese Ripple Affiliate To Offer BTC, ETH, XRP Rewards Via Credit Cards  Bitcoin Ethereum News  Visa Inc. has partnered with Ripple affiliate SBI Holdings and its crypto division SBI VC Trade to launch a new line of credit cards in Japan. It aims to convert spending rewards into digital assets, such as Bitcoin (BTC), Ethereum (ETH), and XRP.  Visa Partners Ripple-Backed SBI Holdings  The Visa-SBI product will be issued in collaboration with APLUS Co. Ltd. on May 1, according to an announcement. It focuses on offering users the opportunity to acquire crypto exposure with the help of making regular purchases.  The reward points are automatically converted into a chosen crypto at no extra cost, as cardholders spend on it. To get the payouts of the digital assets, Visa requires users to have an account with SBI VC Trade.  There are two versions of the card, one standard with an offering that targets beginners. Meanwhile, the ‘Gold’ premium version targets more spenders with higher returns. The Gold version will be able to give up to 10% in crypto, with the standard version getting up to 2.5%.  Recently, Visa has stepped up its game in the crypto industry. Earlier, this week, it partnered Coinbase-backed Base, Polygon,

05-02

XPL Technical Analysis May 1

XPL, with RSI at 36.38 approaching the oversold region, MACD histogram expanding in the negative zone confirming bearish momentum; trading below EMA20 indicates short-term weakness.  Trend Status and Momentum Analysis  XPL‘s current price is stabilizing at 0.09 USD, with the 24-hour change limited to just +0.11% and the daily range narrowing to between 0.09 – 0.09 USD. The overall trend direction continues downward, with the Supertrend indicator giving a bearish signal emphasizing the 0.12 USD resistance. In terms of momentum, the RSI 14 period is positioned at 36.38 in the neutral-low level, which may indicate short-term base formation, but the MACD’s negative histogram and price settling below EMA20 (0.10 USD) show that trend strength remains weak. Volume is at a moderate level of 43.63 million USD, not yet clarifying an accumulation/distribution pattern supporting the downtrend; this suggests momentum is in a contraction phase. Multi-timeframe (MTF) confluence identifies 3 strong levels across 1D/3D/1W timeframes, with 2 supports/1 resistance on 1D, reinforcing the overall bearish bias.  RSI Indicator: Buy or Sell?RSI Divergence Analysis  The RSI 14 period is currently at 36.38, and this value does not show regular bearish divergence compared to the prices recent lows; on the contrary, while the price makes new lows, the

05-02

Exodus (EXOD) Announces Official UFC Deal And Exodus Pay

JP Richardson, co-founder and CEO of Exodus Movement (NYSE American: EXOD), opened part of the Exodus Summit today in Omaha, Nebraska, with an announcement about where he thinks the companys customers already are.  Exodus is becoming the official payments partner of the UFC, Richardson said, with the partnership going live June 1.  This launch coincides with the UFC staging its “Freedom 250” fight event on the White House lawn to mark the 250th anniversary of the United States, making it the first UFC event held on those grounds. Branding will appear inside the octagon, in broadcast spots, and through activation footprints at the venue itself.  “As the fans walk through the gates, youre gonna see Exodus activation footprints everywhere at the White House,” Richardson said.  Richardson framed the deal in two dimensions: brand exposure and trust. For a financial application, trust is not a marketing metric but rather a result of a solid product.  Consumers do not experiment with unrecognized brands when their money is involved, and Richardson argued that the UFCs reach, 700 million fans across 165 countries, provides the kind of repeated, high-stakes visibility that accelerates that trust-building at a scale few media properties can match.  The deal is multi-year. Richardson described the target

05-02

ChangeNOW Marks a New Chapter with “Beyond the Hype” Documentary Movie

More Than a Milestone  In an industry that moves fast and talks loud, it takes genuine conviction to pause and ask a harder question: not what we are building, but why. ChangeNOWs first-ever feature documentary, “Beyond the Hype,” is that pause and the answer that follows it. It arrives at a pivotal moment in our journey, marking our evolution from a simple exchange tool into a global infrastructure supporting over 8+ million users, 1,500 assets, and 110 networks.  This release does not follow the usual script. There is no product to announce, no partnership to trumpet. What ChangeNOW has released instead is something rarer: a film that looks honestly at the purpose behind the platform and invites the wider crypto community to look at them.  The documentary is available now on the ChangeNOW official YouTube channel.  Why We Do What We Do: The Human Core of Web3  At its heart, every financial system is a social contract, a promise that value can move from one person to another reliably and fairly. But for millions of people in places like Manila, those promises have been broken for decades. In the traditional world, sending money home is a gauntlet of “remittance taxes,” where intermediaries extract their share

05-02

Nokia (NOK) Stock Surges 6% as Cramer Declares It ‘A Winner’ Following Stellar Q1 Results

This latest surge extends an extraordinary rally. The telecommunications equipment manufacturer has now gained over 113% since the beginning of the year and posted returns exceeding 155% across the past twelve months.  Trading activity reflected heightened investor interest. Approximately 68.96 million shares traded hands Friday, surpassing the three-month average daily volume of roughly 65.97 million.  Nokias first-quarter performance provided significant catalysts for the rally. Overall net sales increased 4% compared to the prior year period, while the Optical Networks division delivered exceptional 20% growth.  The headline figure was a dramatic 49% revenue increase from AI and cloud infrastructure customers. Company executives attributed this expansion to accelerating capital deployment by hyperscale cloud providers and surging enterprise AI computing demands.  The Finnish network equipment giant has also secured approximately €1 billion in AI-related contracts, strengthening the investment thesis among Wall Street analysts tracking the company.  Wall Street Upgrades Provide Additional Momentum  Arete Research elevated Nokia from neutral to buy Thursday, triggering a 3.6% single-day gain that pushed shares to an intraday peak of $12.92. Trading volume spiked 122% above typical levels following the rating change.  Morgan Stanley reaffirmed its overweight recommendation earlier in the week. Nordea Equity Research similarly upgraded the stock to buy on April 24th.  Currently, 12 analysts

05-02

Curve’s new bad‑debt pools turn losses into tradable claims

Curve Finance is turning CRV‑linked bad debt into tradable onchain claims via crvUSD–debt pools, shifting bailouts from socialized rescues to market pricing of losses.Curve Finance has introduced a market-based bad debt recovery mechanism that lets users with impaired CRV-linked lending positions either sell their claims, hold for recovery, or provide liquidity for fees and incentives.The core design creates a trading pool between crvUSD and debt tokens representing bad claims, allowing those claims to be priced onchain and giving users an immediate exit instead of waiting solely on final liquidations.Curve stressed that the mechanism cannot erase losses, but aims to “replace social welfare with market mechanisms” by letting traders, arbitrageurs, and LPs collectively decide how much bad debt is worth and how quickly it can be worked down.  Curve Finance has rolled out a bad debt recovery framework that formalizes what founder Michael Egorov recently described as “an investment tool, not a donation,” turning stuck CRV-linked lending losses into tradable onchain claims.  Curve tokenizes bad debt into tradable positions  In a proposal first outlined on Curves governance forum and covered by outlets like ForkLog and KuCoin News, Egorov targeted the CRV-long LlamaLend market, which accumulated roughly $700,000 in bad debt after an October 2025

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