Crypto News

May 1 Daily Report: Bitcoin Bulls Attack $57,000 And Altcoins Rally, Ether Could Hit $10K, Cardano Blockchain Partnership, First Crypto ETF This Year And Polkadot DOT Trust


Bitcoin bulls attack $57,000 and altcoins rally as April comes to a close

Altcoins moved toward new highs and Bitcoin bulls attack $57,000 shortly after today’s uneventful $4.2 billion monthly options expiry. Bitcoin (BTC) and the overall cryptocurrency market sprang to life on April 30 as an uneventful close to this month’s $4.2 billion options expiry occurred without any signs of controversy. 

Ether Could Hit $10K, FundStrat Says, Touting Network Value Versus Bitcoin’s

“The crypto narrative is shifting from bitcoin to Ethereum,” wrote FundStrat, which placed a $10K price target on ETH for this year. Ether (ETH), the second-largest cryptocurrency by market cap, could see further gains towards $10,000 this year after reaching a new all-time high around $2,780 on Thursday – a roughly threefold increase forecasted by FundStrat, a market research firm.

Ethiopian Education Minister Confirms Cardano Blockchain Partnership

Ethiopia’s Minister of Education confirmed the government is working with IOHK, the company behind the Cardano protocol, on a blockchain-based system to track student performance in the African country’s schools. “This initiative is about bringing technology to improve the quality of education,” said the minister.

Australian Securities Exchange May Launch First Crypto ETF This Year

The ASX said it is “spending an enormous amount of time” on digital assets. The Australian Securities Exchange (ASX) may launch a cryptocurrency exchange-traded fund (ETF) by the end of this year, according to a report by Business Insider Australia, which cited multiple people familiar with the situation.

Valkyrie, Osprey Beat Grayscale to Market With Polkadot DOT Trust

Valkyrie is charging a 2% management fee on the fund, just under Osprey’s 2.5%. Valkyrie Digital Assets has launched a Polkadot fund with a novel twist. The investment vehicle will give clients access to the appreciation of the underlying DOT (+1.88%) tokens but also the 8% yield from Valkyrie staking the asset through Coinbase Custody.

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