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Robinhood has added BONK, PENGU, PNUT, and XLM to its trading platform, while ONDO and FLOKI remain view-only. Despite the listings, all newly added assets keep trading lower today, showing no signs of a short-term rally. Robinhood Expands Crypto Offerings Robinhood’s strong Q2 earnings underline its aggressive crypto expansion strategy. According to an X post
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Trump’s White House advisor, Bo Hines, revealed a running global race for Bitcoin (BTC) accumulation, articulating the US government’s determination to win.
These remarks come barely two weeks after he revealed how the country would fund a Bitcoin reserve.
Hines made these remarks in a recent interview, detailing how the US aims to capitalize on the scarcity of Bitcoin. Further, he believes Bitcoin’s decentralized origins and growing adoption give it longevity.
Based on these, Bo Hines and the US government appreciate the need for quick action so that other nations do not front-run it.
“I think there is a sort of space race as it pertains to the accumulation of this asset,” Hines stated.
Bo Hines also explained the US’s commitment to becoming “the Bitcoin superpower of the world,” aligning with President Trump’s vision for digital assets.
Referring to Bitcoin as the “digital gold,” the US Digital Assets Advisory Council leader said the government is expediting its plans for a Strategic Bitcoin Reserve. Trump’s administration is working with the US Treasury Department, led by Scott Bessent, to audit existing Bitcoin holdings as part of these plans.
Reportedly, once the audit is complete, they will develop Bitcoin acquisition methods that are “budget-neutral.”
Bo Hines also articulated that these methods would constitute multiple strategies, ensuring the most practical and efficient approach.
“The goal is to begin the accumulation process as quickly as possible, with initial steps prioritized for speed and scalability,” he added.
In hindsight, Bo Hines recently revealed that the Trump administration was considering using tariff revenues to fund a national Bitcoin reserve. As BeInCrypto reported, he also cited the need for the US to act swiftly amid global competition for Bitcoin accumulation.
“SBR [Strategic Bitcoin Reserve] recognizes the value of what Bitcoin is and how it can be harnessed for the American people. There is a finite number of Bitcoin and I think there will end up being a race to accumulate,” Hines stated.
Meanwhile, Bo Hines’s remarks came as the US observed President Trump’s 100 days in office. Hines indicated that their early actions, including a sweeping executive order signed in the first week, set the tone for a new digital asset agenda.
Along with this order, Trump established an interagency working group while at the same time ending Operation Choke Point 2.0. It also commissioned regulatory reversals, including terminating key lawsuits and banking legislations, effectively making the runway easier for crypto firms.
Before August, he also revealed the White House’s plans for stablecoin and market structure legislation for the President’s approval. An imminent report will detail the implementation of these structures.
Ahead of all these plans, the Senate will vote on the Genius Act, which, if passed, could create a better stablecoin regulatory framework in the US.
Meanwhile, despite Bo Hines’s assertions, Bitcoin price is up only by a modest 0.76% in the last 24 hours, trading for $95,039 as of this writing.
The post Bo Hines Unveils Plan for Strategic Crypto Reserve As US Eyes ‘Bitcoin Superpower’ Status appeared first on BeInCrypto.
The post XRP Futures Take Off on Coinbase, Hit $100M in Daily Volume appeared first on Coinpedia Fintech News
Coinbase officially launched XRP futures contracts on its U.S. Derivatives Exchange on April 21. The XRP futures saw strong performance, with daily trading volume already surpassing 100 million USDC. The strong start shows the increasing demand and interest from both retail and institutional traders.
The futures include two types of contracts, Standard Contracts representing 10,000 XRP, aimed at large institutions and active traders, and retail-oriented “nano” contracts representing 500 XRP each, or approximately $1,000 as of April 21, for retail traders and smaller institutions, as per the filings.
Coinbase expanded its offering adding to its 20+ existing contracts on assets like Bitcoin, Ether, Dogecoin, and Solana. The launch also follows recent additions of CFTC-regulated Cardano and Natural Gas futures.
Major exchanges like Coinbase, Robinhood and CME have been expanding their crypto futures offerings to cater to the rising demands. Coinbase now lists derivatives for over 92 assets globally and around 24 in the US. Derivatives trading on the exchange soared over 10,000% last year. The exchange is also reportedly eyeing Deribit acquisition to expand its presence.
Just days before Coinbase launched XRP futures, the Oregon Attorney General filed a lawsuit against the exchange claiming that the 31 tokens including XRP, UNI, LINK, AAVE, and MKR, are unregistered securities sold on Coinbase.
Paul Grewal, Coinbase CLO also condemned Oregon’s Attorney General for filing the lawsuit and warned that this lawsuit could not just harm Coinbase, but the entire crypto industry. He claimed the lawsuit lacked credibility and was motivated by political and financial interests.
The post XRP Futures Take Off on Coinbase, Hit $100M in Daily Volume appeared first on Coinpedia Fintech News
Coinbase officially launched XRP futures contracts on its U.S. Derivatives Exchange on April 21. The XRP futures saw strong performance, with daily trading volume already surpassing 100 million USDC. The strong start shows the increasing demand and interest from both retail and institutional traders. The futures include two types of contracts, Standard Contracts representing 10,000 …
Bitcoin price enters a mild 1% on Wednesday April 30, with institutional inflows on the rise, BTC now eyes the $2 trillion market cap milestone.
Bitcoin (BTC) surged to a local high of $95,400 on Tuesday April 29, as BlackRock’s iShares Bitcoin Trust (IBIT) recorded a historic $1 billion in daily net inflows. This marks the largest single-day inflow since the ETF’s January launch and reflects unprecedented demand from institutional investors.
According to data from Coingecko, BTC’s current market capitalization stands just under $1.9 trillion, with many analysts forecasting a breakout past the $2 trillion mark in Q2 if momentum persists.
The inflow into IBIT signals growing investor confidence in Bitcoin’s long-term role as a macro hedge and alternative asset.
Notably, Geoff Kendrick of Standard Chartered reiterated also his $120,000 BTC forecast by Q2 2025, citing expanding institutional adoption and macroeconomic fragility as key drivers. In the long term, he sees the $140,000 mark as attainable if liquidity conditions improve.
BlackRock’s outsized role in institutional onboarding has helped BTC become a core portfolio component across global asset managers. As fund inflows build, market watchers expect more upward pressure on prices heading into the summer.
The crypto market’s bullish tilt aligns with deteriorating macro indicators that could open the door for a potential Fed rate cut. On April 29, the U.S. Labor Department reported that March job openings fell to 7.2 million—well below the expected 7.5 million. This marks one of the lowest readings since 2021.
Simultaneously, the Conference Board’s consumer confidence index dropped for the fifth straight month, hitting its lowest level since January 2021. Historically, such weak US labor data often triggers Fed to intervene with expansionary monetary policies, which tend to favor risk-on assets like Bitcoin.
This pattern could repeat the increased money supply could propel Bitcoin price towards $120,000 as Standard Chartered analyst Geoff Kendrick predicts.
BlackRock’s $1 billion IBIT inflow on Monday may be the clearest signal yet that Bitcoin is maturing into a global institutional asset.
Coupled with weakening U.S. macro data, BTC price could be on the verge a breakout towards the $2 trillion market cap milestone.
With BTC price already trading above $94,000, it needs only a modest 5–6% push to reach the $2 trillion market cap milestone.
Should corporate invest continue pouring capital into Bitcoin ETFs in anticipation of dovish Fed, Bitcoin price is likely to cross the $2 trillion market cap in the coming weeks.
While regulatory risks, and trade policy shocks still remain active, the unusual corporate inflows suggest’s Bitcoin next all-time high breakout could already be underway.
Bitcoin price is consolidating near $94,200 at press time after testing weekly highs at $95,500 following BlackRock’s $1 billion ETF inflow.
Technical indicators on the Bitcoin price forecast shows the upper Bollinger Band at $98,554, acting as short-term resistance.
With BTC price holding well above the midline ($88,979), it reinforces a bullish narrative.
Beyond that, the Relative Strength Index (RSI) at 65.59 suggests bullish momentum without veering into overbought territory, giving BTC room to push higher. A
decisive close above $95,000 could propel price toward $98,500 in the coming sessions, particularly if institutional inflows persist. Conversely, a break below the midline of the Bollinger Band could open a reversion toward $79,400, the lower band.
The post How BlackRock’s $1 Billion Bitcoin Investment Could Propel BTC Toward a $2 Trillion Market Cap appeared first on CoinGape.