A recent social media post from Senator Bill Hagerty has provided a deeper insight into The GENIUS Act, which many also refer to as the stablecoin bill. This proposed legislation, according to the Senator, aims to modernize and strengthen the United States’ financial infrastructure. Stablecoin Bill Will Boost Payment Efficiency and US Dollar Dominance At its core, the GENIUS Act seeks to propel America’s payment system into the 21st century. It means that the country wants to modernize its approach to payments by including new technology or making existing methods more efficient. By passing the stablecoin bill, people and businesses can have safer, quicker and smoother financial activities. This updated system would tackle restrictions such as slow payments, costlier transactions and problems from cyber criminals using outdated technology. The listing of the RLUSD stablecoin on its fourth crypto exchange is an example of the rapid adoption of these cryptocurrencies. A… Read More at Coingape.com
Nexo in US:- The digital asset and crypto lending focused firm, Nexo, has re-entered US market. In a latest update coming from an exclusive event, the firm is making its re-entry into the market it left in 2022.
Nexo co-founder and CEO Antoni Trenchev announced, “America is Back – and so is Nexo”.
This return comes amid the developing pro-crypto regulatory environment in the US. The new SEC Chair Paul Altkins have taken the lead. As he discusses clear regulations for the crypto industry, the crypto market is expecting bullish sentiments ahead.
What Nexo re-entry means for US users
According to the announcement on X, Nexo will offer its full suite of digital-asset banking products to US users, including:
1. Instant Crypto Credit Lines – This will allow users in US to borrow against BTC, ETH and 100+ other tokens. They can borrow at industry-leading rates ( 2.9% APR) without selling their assets.
2. Flexible & Fixed-Term Savings: Nexo also provides high-yield crypto savings accounts. Its flexible savings plans can offer up to 14% annual yield with daily payouts and no lock-ups.
This will allow US customers to earn daily yields on crypto and stablecoins.
3. Personal USD Accounts: It allows users to top up, hold and withdraw U.S. dollars directly in your name.
4. Crypto-Backed Loans: The critical business operation of Nexo. Users in US market will be able to access liquidity on demand by its platform. However, the laon can only be given after keeping their crypto holdings as collateral.
It also has its own Web3 wallet and its venture arm, Nexo Ventures. The venture arm is a dedicated $150 million in-house investment fund providing support to DeFi, blockchain gaming, and NFT projects in the Web3 ecosystem.
Entry Amid Market Rebound And Top Diplomatic Support
Nexo’s re-entry announcement in the US market gains more strategic significance as it was unveiled in the presence of top diplomatic circles. In the recently concluded exclusive event, co-founder of Nexo, Antoni Trenchev, was present with Donald Trump Jr., and Israel’s Minister of Innovation ans Science, Gila Gamliel.
US President Trump declared in the event, “We see the opportunity for the financial sector and want to ensure we bring that back to the U.S..”
This suggests that UK-based crypto lender Nexo enjoys high-level connections in White House circles. This is an advantage that could serve it well as it expands into the U.S. market.
In 2022, Nexo stepped out of the US market amid clashes with the regulators. The doomed year for crypto lenders saw many such firms quitting or filing for bankruptcy.
However, now there is an evident rebound in the market. According to DeFillama data, total value locked in crypto-backed lending has climbed past $15 billion in April 2025. This is up by 53.1% – from $9.8 billion at the end of Q4 2024 to present $15 billion. This underscores renewed borrowing activity as rates become more competitive with traditional credit lines
In fact, in the last 24-hours, DeFi lending protocols have added $2.3 billion in TVL with 6% bump. Active loans are rising by $700 million – reflecting traders’ growing appetite for on-chain credit.
Crypto Lending Market TVL as of April 25
In the broader market itself, there is a bullish sentiment. BTC Price has surged past $95K and ETH is trading around $1,808 as of writing.
Coinbase signed a deal to acquire the crypto derivatives exchange Deribit for $2.9 billion, signaling the company’s growing interest in the crypto derivatives market.
The exchange will transfer $700 million in cash to Deribit, making the rest of its payment in Class A stock. This may or may not delay the deal’s finalization for a few months.
Four months later, Deribit is willing to accept a much lower offer. It’s unclear what pushed Deribit to move forward with a $2.9 billion offer from Coinbase. After the Kraken deal fell through, the crypto derivatives exchange left Russia due to EU sanctions.
This may have contributed to its lower valuation, but it’s difficult to say for sure. One thing seems evident: Coinbase pursued the deal to expand its presence in the derivatives market.
“With Deribit, Coinbase becomes the #1 global platform for crypto derivatives by open interest and options volume. Deribit brings approximately $30 billion in open interest and $1 trillion+ in trading volume. This is a major step in our global expansion strategy. We’re set to offer unparalleled access to crypto derivatives,” Coinbase claimed on social media.
This partnership with Deribit, however, will allow Coinbase to supercharge these operations.
Meanwhile, Coinbase’s share prices have recovered significantly since Trump’s sweeping tariffs last month. COIN surged over 36% since April, as the exchange prepares its Q1 2025 earnings report later today.
Deribit executives will receive most of their $2.9 billion asking price in Class A stock from Coinbase. The latter firm will pay $700 million in cash, but will otherwise seal the acquisition deal with 11 million shares.
According to the press release, this may delay the proceedings somewhat, but the transaction “is expected to close by year-end.”
Moving forward, Coinbase didn’t specify how it plans to leverage Deribit’s resources for its own expansion plans. Still, the firm’s public statements repeatedly stressed that Deribit is the world leader in crypto derivatives.
By simply taking over its user base and trading volumes, Coinbase has gained many opportunities to take over the spotlight.
Core Scientific (CORZ), Robinhood Markets (HOOD), and Strategy Incorporated (MSTR) are drawing attention today. CORZ rose after appointing Elizabeth Crain to its Board and reinforcing its shift toward AI infrastructure.
HOOD confirmed a $250 million CAD acquisition of WonderFi, expanding into Canada and going head-to-head with Wealthsimple. MSTR bought 7,390 BTC for $765 million, raising its total holdings to over 576,000 BTC, while facing a class-action lawsuit over its Bitcoin-focused strategy.
Core Scientific (CORZ)
Core Scientific (CORZ) closed yesterday with a modest gain of 0.65% and is already up 5% in pre-market trading, following the appointment of Elizabeth Crain to its Board of Directors.
Crain brings over thirty years of experience in investment banking and private equity, having co-founded Moelis & Company and held senior roles at UBS. She will also Chair the Audit Committee, a key position as Core Scientific continues its strategic shift toward AI-related infrastructure.
Her appointment, along with Jordan Levy’s being named Chairman, marks a pivotal moment for the company as it enhances its leadership team amid a broader transition in business focus and operations.
CORZ’s chart shows signs of renewed strength, with a potential golden cross forming on its EMA lines. Analyst sentiment remains overwhelmingly bullish—16 out of 17 analysts rate the stock as either a “Strong Buy” or “Buy,” with a one-year price target averaging $18.28, representing a 68.49% potential upside.
If momentum holds, the next key resistance level is $13.18, which could be tested in the short term.
However, investors should watch for support at $10.34; if it fails, the stock may retrace to $9.45 or even $8.49.
The deal, which offers a 41% premium over WonderFi’s last closing price, will bring WonderFi’s 115-person team and established crypto brands—Bitbuy, Coinsquare, and SmartPay—under Robinhood Crypto’s umbrella.
Robinhood Crypto executive Johann Kerbrat recently emphasized the company’s focus on tokenization and financial accessibility, highlighting how fractionalized assets like real estate can open up previously inaccessible markets to everyday investors.
The company submitted a 42-page proposal to the SEC seeking a federal framework for tokenized real-world assets. It aims to bring traditional financial markets on-chain with legally recognized asset-token equivalence.
HOOD shares closed up 4% yesterday and are up slightly in pre-market trading, extending a remarkable 56% rally over the past 30 days. Technically, the stock’s chart shows strong momentum, with its short-term EMA lines clearly above the long-term trend—suggesting sustained bullish sentiment.
The next key resistance sits at $66.15; a clean break above that could push HOOD into uncharted territory, surpassing the $70 mark for the first time and establishing new all-time highs.
Strategy Incorporated (MSTR)
Strategy (formerly MicroStrategy) has added another 7,390 BTC to its corporate treasury, spending approximately $765 million as Bitcoin traded above $100,000.
This latest accumulation brings its total holdings to 576,230 BTC—acquired for $40.2 billion—now valued at over $59.2 billion, reflecting an unrealized gain of roughly $19.2 billion. However, the aggressive Bitcoin strategy continues to attract scrutiny.
The company and its executives, including Executive Chairman Michael Saylor, have been hit with a class-action lawsuit alleging they misrepresented the risks tied to their Bitcoin-centric investment approach.
Strategy is still the largest corporate holder of Bitcoin, despite legal pressure. Its Bitcoin-first approach has inspired similar treasury strategies in Asia and the Middle East.
MSTR closed yesterday up 3.4% and is down 0.47% in the pre-market. The stock is up nearly 43% in 2025. It is trading near key support at $404; if lost, it could fall to $383.
If momentum returns, MSTR could rise to $437. Analyst sentiment is strong—16 out of 17 rate it a “Strong Buy” or “Buy.” The one-year average price target is $527, implying a 27.5% upside.
