🏦 Bunq integrates 300 cryptos into its app thanks to a partnership with Kraken
Welcome to the Thursday, May 01, 2025 Daily Tribune ☕️
Hello Cointribe! 🚀
Today is Thursday, May 01, 2025, and like every day from Tuesday to Saturday, we summarize for you the news of the last 24 hours you shouldn't have missed!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partially sunny 🌤️
24h crypto recap! ⏱
💳 Mastercard announces key partnerships to revolutionize crypto payments
Mastercard partners with major players to integrate stablecoins into daily payments. This initiative could propel the adoption of digital assets to an unprecedented level.
🏦 The second European neobank makes cryptocurrencies accessible to all
Bunq, the second European neobank, now allows its users to invest in 300 cryptocurrencies via its app, thanks to a partnership with Kraken.
⚠️ Cryptos threaten global stability, according to the Bank of Italy
The Bank of Italy warns of systemic risks related to cryptocurrency volatility, regulatory gaps, and market contagion potential. It highlights the dangers of increased crypto integration into traditional financial systems.
💵 Tether remains leader despite the rise of other stablecoins
Tether dominates the stablecoin market with 66% market share, generating $14 billion in profits, while USDC experiences strong growth thanks to U.S. regulation, but remains far behind.
Crypto of the day: Curve DAO Token (CRV)
Curve is a DeFi protocol specialized in exchanges of stablecoins and assets of equivalent value. It uses an automated market maker (AMM) model optimized to offer low slippage when exchanging similar tokens. The platform has expanded its ecosystem with products such as crvUSD, a decentralized stablecoin, and Curve Lend, a lending platform operating with isolated markets.
The token CRV is at the heart of Curve DAO's governance. Holders can lock their tokens to obtain veCRV, granting them voting rights and increased rewards. This structure encourages long-term commitment and active participation in the protocol's governance.
Recent performance:
Current price: $0.7424 USD
24-hour change: +11.55%
Market capitalization: around $991.2 million
Rank on CoinMarketCap: #72
Ethereum on the way to $2,000: convergence of bullish signals
While the crypto market remains volatile, Ethereum (ETH) stands out with notable bullish momentum. Driven by renewed institutional interest, strong on-chain indicators, and favorable technical setup, ETH seems ready to cross the symbolic $2,000 threshold.
Institutional inflow and positive on-chain indicators
Ethereum-related investment products recorded inflows of $183 million in one week, ending eight consecutive weeks of outflows. This trend reversal reflects a marked return of institutional interest in ETH. At the same time, the rise in Total Value Locked (TVL) on Ethereum-based DeFi protocols indicates renewed confidence in the ecosystem.
Technical analysis: a "bull flag" forming
Technically, ETH hovers around $1,800, consolidating below the key resistance at $1,850. The weekly performance of +13%, coupled with a 76% rise in volume, confirms a solid technical rebound. The long-term trend remains bullish, while the short-term momentum has turned positive. A "bull flag" chart pattern on the 4-hour chart could project ETH price toward $2,100.
The confluence of fundamental and technical factors suggests that Ethereum is well positioned to surpass the $2,000 mark. However, caution remains warranted as external factors could influence the market’s trajectory.
