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On April 29, 2025, Arizona’s Bitcoin reserve bill passed, Coinbase launched a Bitcoin yield fund, and Mastercard partnered with OKX for stablecoin transfers, signaling mainstream adoption. Ripple confirmed no IPO plans, focusing on acquisitions, while SoFi announced a crypto business reentry. The UK unveiled draft crypto legislation, and Binance launched Solana-based perpetual futures, boosting trading options. Wirex debuted a Web3 banking platform, Kraken reported Bitcoin nearing $100K, and Chainlink announced CCIP integration with Aave. Sourced from Cointelegraph, CoinDesk, and verified X posts by companies like Coinbase and OKX, these stories highlight regulatory and institutional momentum, but readers must verify details due to market volatility. Distinct from yesterday’s news, these developments, spanning the U.S., UK, and Asia, underscore crypto’s integration into finance, with Arizona’s bill and Mastercard’s move marking pivotal steps toward legitimacy.
1. Arizona Passes Bitcoin Reserve Bill, Awaits Governor’s Approval
Arizona’s Senate approved SB1373, allowing the state to hold Bitcoin as a reserve asset, a landmark move for crypto adoption in public finance. The bill awaits Governor Katie Hobbs’ signature, potentially inspiring other states to follow. It reflects growing U.S. political support for cryptocurrency integration.
Source: Cointelegraph – Arizona passes Bitcoin reserve bill
2. Coinbase Unveils Bitcoin Yield Fund for Institutional Investors
Coinbase introduced a Bitcoin Yield Fund, enabling institutional investors to earn returns on BTC holdings through structured products. The fund aims to capitalize on growing demand for crypto exposure among hedge funds and asset managers. It marks Coinbase’s push to bridge traditional finance and crypto.
Source: X Post by @Coinbase
3. Mastercard Partners with OKX for Stablecoin Transfers
Mastercard partnered with OKX and Nuvei to facilitate seamless stablecoin transfers for consumers and merchants, enhancing crypto payment adoption. The collaboration leverages Mastercard’s payment network to streamline transactions, targeting efficiency in digital commerce. This move strengthens stablecoins’ role in global payments.
Source: X Post by @OKX
4. Ripple Rules Out IPO, Focuses on Acquisitions
Ripple President Monica Long confirmed the company has no immediate IPO plans, citing ample cash reserves for growth via strategic acquisitions. The focus is on expanding Ripple’s blockchain payment solutions and enterprise services. This strategy aims to solidify Ripple’s position in cross-border payments.
Source: X Post by @Ripple
5. SoFi Plans Crypto Business Reentry Within 6-24 Months
SoFi Technologies announced plans to reenter the crypto and blockchain space within 6-24 months, potentially through acquisitions, covering borrowing, investing, and payments. The move follows a strategic pause and aims to leverage falling interest rates for growth. It signals SoFi’s ambition to compete in the crypto market.
Source: X Post by @Trade_The_News
6. UK Announces Draft Crypto Asset Legislation
UK Finance Minister Rachel Reeves unveiled draft legislation to regulate crypto assets, aiming to foster innovation while protecting investors. The proposal, developed with industry input, seeks to establish the UK as a global crypto hub. It addresses risks while promoting blockchain adoption.
Source: X Post by @DeItaone
7. Chainlink’s CCIP Integrated with Aave for Cross-Chain Lending
Chainlink announced the integration of its Cross-Chain Interoperability Protocol (CCIP) with Aave, enabling secure cross-chain lending and borrowing. The partnership enhances DeFi functionality by connecting multiple blockchains, boosting Aave’s scalability. It underscores Chainlink’s role in advancing interoperable finance.
Source: X Post by @Chainlink
8. Binance Launches Solana-Based Perpetual Futures Contract
Binance announced a new Solana-based perpetual futures contract with up to 75x leverage, catering to traders seeking exposure to SOL’s price movements. The launch reflects growing interest in Solana amid its ecosystem’s meme coin and DeFi activity. It enhances Binance’s offerings for high-risk trading strategies.
Source: X Post by @Binance
9. Wirex Launches Web3 Corporate Banking Platform
Wirex launched Wirex Business, a corporate banking platform tailored for Web3 and crypto companies, offering seamless digital asset management. The platform supports multi-currency accounts and blockchain-based transactions, targeting startups and enterprises. It positions Wirex as a leader in crypto-friendly banking.
Source: X Post by @wirexapp
10. Kraken Reports Bitcoin Nearing $100K Milestone
Kraken reported Bitcoin’s price climbing toward $100,000, driven by institutional buying and positive market sentiment. The exchange highlighted strong demand following recent ETF inflows and regulatory clarity in the U.S. This surge brings Bitcoin closer to its all-time high of $109,000.
Source: X Post by @krakenfx
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AllePay Team