Cryptonews

As expected, the Federal Reserve decided to keep interest rates steady, remaining between 3.50% and 3.75%. Jerome Powell also announced he will continue serving on the Federal Reserve Board after his term as chair ends, which kept investors focused on this news alongside the rate decision and affected trading across various markets. This combination of factors had an immediate and noticeable impact on XRP trading in the derivatives market.

Key Takeaways:

SBI Group just dropped a credit card in Japan that’s spicier than a pastrami sandwich on a summer day. The “SBI VISA Crypto Card” (and its fancy cousin, the Gold version) lets you rack up crypto rewards faster than you can say “Hodge Podge.” Announced on May 1 by SBI Holdings, SBI VC Trade, APLUS, and Visa Worldwide Japan, this card turns your everyday spending into Bitcoin, Ethereum, or XRP. It’s like your wallet finally got a sense of humor!

On Ripple’s Commitment to XRP

Even with concerns about the economy due to the Federal Reserve’s policies, Ethereum is demonstrating both some recent price drops and continued interest from buyers. Analyst Darkfost noted on X that after briefly rising above $2,450, ETH experienced a 10% dip, but remains within a larger trading range.

As a researcher following the Japanese market, I’m seeing strong indications that crypto ETFs are becoming increasingly likely in Japan. The Japan Exchange Group is actively preparing the infrastructure, and while they’ve already started laying the groundwork, final approval hinges on clear tax regulations and legal definitions for digital assets. What’s particularly interesting is the growing interest from institutional investors – they’re less focused on short-term price swings and more interested in understanding the long-term policy framework surrounding crypto.

Bitcoin is nearing an important price level, with traders closely watching the $60,000 mark (based on its 200-week moving average) and the $76,200 support level.

With Bitcoin hovering near $76,500, these self-proclaimed oracles seem to be onto something. Runefelt, the Swedish Nostradamus, called $60,000 the bottom in real time, while Wulschner, the German counterpart, sees a “strong accumulation zone.” Because, clearly, nothing says “I’m rich” like predicting a number and having it almost stick.

As of May 1st, I’m seeing Bittensor (TAO) trading around $263.19, which represents a nearly 5.7% increase over the last 24 hours, according to data from crypto.news. The price has been fairly stable over the past week, fluctuating between approximately $235 and $275. This consolidation follows a significant price surge we observed earlier in April.

Curve Finance now has a system for dealing with losses from its lending activities. This system, described by its founder Michael Egorov as an investment opportunity rather than simply giving money away, allows those losses – specifically those tied to the CRV token – to be converted into claims that can be bought and sold on the blockchain.