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Michael Saylor and Strategy (formerly MicroStrategy) can make history with their next Bitcoin purchase, sending holdings toward the 600K BTC mark. Saylor has flashed the tell-tale signal for an incoming purchase as corporate adoption soars to previously unseen levels. Michael Saylor To Break Bitcoin Buying Record Strategy founder Michael Saylor has signaled an intention to
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Ethereum price struggles below $1,800, as geopolitical risks overshadowing bullish sentiment from the Petra upgrade protocol.
Ethereum price forecast today leans bullish as ETH sustains a seven-day Golden Cross, reinforcing near-term upside potential.
The price remains above the key 50-day Simple Moving Average (SMA) at $1,779 and has hovered closely under the 7-day SMA at $1,818.13. This crossover, where the 7-day SMA moved above both the 30-day, and 50-day average price leves, historically signals short-term bullish momentum in place.
As long as ETH price closes above the 50-day SMA ($1,779), the bullish structure could remains intact.
The Moving Average Convergence Divergence (MACD) reinforces this upside bias. With the MACD line at 11.17 and the signal line at 10.04, the histogram remains in bullish territory, though momentum has slightly faded from its April peak.
However, failure to defend $1,779 would shift bearish focus to $1,693, where the 50-day SMA offers deeper support.
Though lacking the narrative splash of the Ethereum merge in 2022, Pectra’s technical depth is drawing praise from within the ecosystem.
Despite this, Ethereum price has dropped below $1,800, posting a 2.4% daily loss and a 2.3% weekly decline, according to Coinckeco data.
The correction coincided with rising geopolitical instability and temporary liquidity constraints, pulling market sentiment into risk-off territory.
On Tuesday, May 6, unconfirmed reports emerged that India had launched a missile strike on Pakistani military targets, triggering a surge in regional tension and unsettling global risk markets.
The news broke just hours before Ethereum’s scheduled upgrade, casting a shadow over one of the protocol’s most consequential milestones.
The pullback was further compounded by Coinbase’s temporary suspension of ETH deposits and withdrawals. Although a standard safeguard during network transitions, the pause could heighten market panic, with traders and institutional market-makers already on alert due to the South Asia conflict.
Ethereum briefly touched a 24-hour low of $1,757, neutralizing the positive sentiment surrounding the Pectra upgrade. While developers remain focused on long-term protocol health, traders appear hesitant to deploy capital amid global uncertainty and short-term volatility.
Ethereum is set to network the highly anticipated Pectra Upgrade on May 7, 2025, marking its most significant technical overhaul since the Merge.
The update combines the Prague execution layer and Electra consensus layer, introducing 11 Ethereum Improvement Proposals (EIPs) aimed at improving scalability, validator operations, and end-user functionality.
A centerpiece of the upgrade is EIP-7702, proposed by co-founder Vitalik Buterin, which enables account abstraction for externally owned accounts (EOAs).
The feature allows EOAs to temporarily function like smart contracts, supporting programmable wallet logic and gasless transactions, key to mass adoption and wallet innovation.
Ethereum core developer Tim Beiko emphasized the impact of EIP-7594 and EIP-7691, which optimize blob transactions for rollup chains and improve data availability for Layer 2s.
“Pectra boosts validator UX and doubles blob count for Layer 2 scaling. This is our biggest upgrade since the Merge… EIP-7251 enables efficient solo staking, and EIP-7702 allows EOAs to act like smart contracts—unlocking account abstraction-style features in a backwards-compatible way.” Tim Beiko said.
Major infrastructure players are preparing accordingly. Coinbase will pause ETH deposits and withdrawals from 2:50 AM to 3:45 AM PT on May 7 to ensure user fund safety during the transition.
Experts are weighing the impact of this upgrade to Ethereum price as traders expect it to finally boost ETH stalling price action.
The post Will 7-Day Golden Cross Finallly Trigger Ethereum Price Rally? appeared first on CoinGape.
Purpose Investments has received regulatory approval to launch Canada’s first XRP ETF. This new product will offer direct exposure to XRP and begin trading on June 18.
Additionally, the OSC will allow customers to hold this product in registered accounts, allowing them to pay substantially lower taxes on gains. This regulatory breakthrough is heartening, as Canada’s new PM is a Bitcoin critic.
The XRP ETF is a coveted crypto-based financial instrument, but only one country is actually offering it on the market. The race to win approval has seen many setbacks in the US, yet overall optimism remains high.
This week, one firm will turn Canada into the second nation to offer this product, as it announced in a press release.
Purpose Investments, an asset management firm based in Toronto, received final regulatory approval to offer an XRP ETF.
The Ontario Securities Commission (OSC), Canada’s top regulator, is allowing users to hold this ETF in registered accounts. Under Canadian law, this means that customers could pay substantially lower taxes on these assets.
“The OSC’s granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada’s global leadership in building a regulated digital asset ecosystem. We’re proud to continue pushing the boundaries of what’s possible in the space,” claimed Vlad Tasevski, Purpose’s Chief Innovation Officer.
For the last few years, Canada has positioned itself as a crypto leader, launching the first crypto ETF in North America four years ago.
Purpose Investments also created this asset. A significant chunk of Canada’s institutional investors hold crypto, and the nation allowed Coinbase to secure a registration license last year.
However, a prominent Bitcoin critic became Prime Minister this March, potentially disrupting the nation’s policies. In other words, it’s a very good sign that the OSC approved an XRP ETF under these circumstances.
Hopefully, this will help encourage the SEC to move forward with a similar product in the US.
BlackRock, the largest asset manager in the US, still hasn’t filed for a spot product based on XRP, but prominent analysts believe it will do so soon.
The SEC is working hard with Ripple to resolve their ongoing legal dispute, which may help facilitate XRP ETF approval.
At this time, it’s impossible to predict when it’ll win approval, but the US will be the third nation in the hemisphere to offer it at the earliest. Canada and Brazil may remind the US that it needs to catch up to stay on the market’s cutting edge.
The post Canada is Launching Its First XRP ETF This Week appeared first on BeInCrypto.
At Proof of Talk 2025, where vision, policy, and product converge, BeInCrypto sat down with Eowyn Chen, CEO of Trust Wallet, for a lively chat. Among an audience of builders, regulators, and partners, Chen explored how self-custody wallets are evolving into a full-fledged “Web3 companion,” from stablecoin yield solutions to real-world asset integrations.
The conversation covered the debut of Stablecoin Earn, direct integration of real-world tokenized assets, and an ambitious AI-powered roadmap aimed at simplifying and securing Web3 for all. This interview explores how Trust Wallet aligns its vision and execution to shape crypto’s next chapter for global adoption.
Self-Custody and Utility: Trust Wallet’s Vision at Proof of Talk 2025
Proof of Talk is exactly where vision, policy, and product meet, and that’s the conversation we want to have. We aim to spotlight how self-custody is no longer just for asset storage but acts as a gateway to extended financial access.
That means tokenized real-world assets, stablecoin-earning tools, and DeFi features built in for everyday users. We’re here to connect with builders, policymakers, and partners who share our mission: making Web3 secure, inclusive, and practical.
The industry is shifting from hype to utility, and Trust Wallet sits right at that intersection.
Late last year, we saw billions of stablecoins idle in Trust Wallet addresses, even during bull markets. That confirmed what we’d heard anecdotally: many users, especially in emerging markets, view stablecoins as their first savings account, yet they had no simple, safe way to earn yield without giving up custody.
Stablecoin Earn was our response. Within four weeks of launch, we hit over $30 million in TVL, entirely from self-custodied users.
That level of traction validates the demand: a large user base isn’t chasing volatility but seeking reliable, passive growth tools.
RWAs must be tokenized first; that’s fundamental to preserving self-custody. Trust Wallet won’t hold or broker assets; users maintain full control of their tokenized instruments as on-chain tokens.
Within our enhanced swap flow, users will be able to access tokenized assets with real-time quotes and a seamless UI. Behind the scenes, we will partner with infrastructure providers for secondary-market access, but the entire experience remains native to the wallet.
It’s the first time a major self-custodial wallet will be embedding RWA access directly into the interface, unlocking genuine financial opportunity.
A Web3 companion is more than a cold-storage vault. It’s a guide, a toolkit, and a gateway. Users want to swap, stake, earn yield, participate in governance, access RWAs, and soon automate gas management and routine tasks without a developer background.
That’s why we built Buy+, Stablecoin Earn, FlexGas, and RWA integration. These features remove friction and make crypto feel intuitive.
Our vision is to become the Neo-bank of Web3, without holding custody, offering a smart, secure companion that works across chains, markets, and user journeys.
AI will be a powerful enabler. We believe users shouldn’t need to be experts to navigate Web3. AI abstracts complexity without ever compromising custody or control.
We’re developing AI-driven gas optimization, scam and risk alerts, portfolio rebalances, and personalized suggestions based on user behavior. In a fragmented wallet ecosystem facing rising security concerns, AI agents can spot scams, streamline onboarding, and adapt to individual habits.
Think of AI as the invisible layer that makes crypto feel as seamless as Web2 apps while upholding privacy, transparency, and user sovereignty.
Our community spans the globe, but imagine a mobile-first individual in a fast-growing economy, financially curious and maybe underserved by traditional banking. They’re what we call “holder-ish”: not day traders but active and engaged.
They want to grow their wealth on their own terms, with full control. Trust Wallet is their all-in-one toolkit for exploration, yield generation, and now, tokenized real-world assets.
To onboard the next billion users, we need infrastructure that’s genuinely useful. Real-world asset access, stablecoin yields, smart gas management, these aren’t hype features; they’re the building blocks of a new financial system.
At Trust Wallet, we’re not just making crypto easier; we’re making it matter. That’s the story we’re telling here at Proof of Talk, and in every product update we ship.
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