UToday

Stellar emerges as a top contender in the real-world asset tokenization domain, securing third place. Despite a slight drop, it boasts a substantial value of $475.73 million. The rise indicates increasing Stellar network adoption. Meanwhile, Ethereum maintains dominance, potentially due to user trust and demand. Stellar's trading activity has notably increased, signaling positive market sentiment and a potential rebound.

The discussion draft of the new market structure bill in the U.S aims to regulate digital assets, clearly dividing responsibilities between the SEC and CFTC. The bill defines decentralization criteria and removes net worth thresholds, signaling a shift towards broader market access and innovation in the crypto space.

Crypto veteran Anthony Pompliano believes it's a rare buying opportunity for small investors as bears dominate the market. Despite mixed reactions to his views, large investors seem to be following the trend with recent Bitcoin purchases. Market volatility is high as prices drop, but trading volume surges, indicating increased selling activities. Investors are becoming more cautious, with only 80% bullish on Bitcoin.

Ripple's Q1 report reveals an increase in XRP tokens held while tokens in escrow decreased. Ripple releases tokens monthly, returning some to escrow. Recent acquisitions and interest in purchasing companies like Circle are mentioned. Ripple's XRP is valued at $2.15.

Riot Platforms, a major BTC miner, sold a significant portion of its BTC to an institutional custodian. Analysts suggest the sale aims to strengthen its cash reserves amid the growing institutional interest in Bitcoin.

The Shiba Inu team burned 18,851,865 SHIB tokens in 24 hours, with 584 million SHIB left in circulation. The price remained stable at $0.000012 despite market volatility.

Ripple CEO Brad Garlinghouse announces discontinuation of quarterly XRP markets reports for increased transparency on company website and through social media. This change aims to reduce legal vulnerabilities following SEC scrutiny. Ripple's commitment to transparency remains strong despite altering reporting format.

Former Maryland Governor Martin O'Malley criticized Bitcoin, suggesting it might be a Ponzi scheme during an event about social security. Democrats are divided on stablecoin legislation, with some reconsidering their support. Senate Majority Leader John Thune is willing to amend the bill to secure more votes.

A long-dormant Bitcoin wallet holding 1,078 coins worth $102.5 million reactivated after 12 years. Its origin predates even Satoshi Nakamoto's involvement. Bitcoin's current value is $94,468, near its record high. The recent wallet activity follows a trend of increased dormant wallet activations coinciding with price rallies. There may be speculation linking this event to Bitcoin's recent price recovery, but direct correlation is uncertain.

Coinbase will pause Ethereum transactions during the upcoming Pectra upgrade on May 7, 2025, ensuring user fund safety. The upgrade aims to enhance Ethereum accounts, improve validator performance, and support L2 scaling. The EIPs within Pectra will optimize the validator experience and increase Ethereum's blob throughput.

A large BTC withdrawal of $60 million from Coinbase raised speculation about whales accumulating Bitcoin. Meanwhile, ancient wallets from the Satoshi era became active, moving millions worth of BTC.

XRP's price consolidates bearishly with potential drawdowns ahead. CoinGlass data reveals XRP's high liquidation, surpassing Bitcoin's, hinting at increased volatility. Long position XRP traders faced substantial losses, emphasizing a market breakout anticipation. XRP's stagnant growth might be influenced by Bitcoin's performance, awaiting a potential rebound. The market outlook hinges on Bitcoin's movement and external factors like the U.S. Federal Reserve meeting and XRP-related news.