Top 5 Crypto News of the Week! (05 - 11 May)
Dear PointPay Family,
Seven days have flown by and left us with a wide variety of news. In order not to get lost in the headlines, you can read our selection of the top 5 most interesting, important or simply funny news of this week. Everything is presented in TLDR format, so it will take very little of your time!
Strategy Doubles Down on Bitcoin With $84B Investment Plan
Strategy, led by Bitcoin advocate Michael Saylor, is intensifying its BTC acquisition strategy with a new $84 billion plan-doubling its original target. The firm's latest earnings report outlines a “42/42” approach, allocating $42 billion each in equity and fixed income to expand its Bitcoin holdings. With 553,555 BTC already under management-representing over 2.6% of total supply-Strategy has also raised its 2025 Bitcoin gain target to $15 billion. The move comes amid increasing scrutiny from market watchers, as the company continues its bold push into digital assets.
Ethereum Activates Pectra in Major Leap Toward Simpler, Scalable Future
Ethereum has launched the first phase of its ambitious Pectra upgrade, signaling a major shift toward scalability and usability. Going live early Wednesday, the update introduces critical infrastructure changes that streamline validator operations, enhance cryptographic efficiency, and lay groundwork for broader account abstraction. Among the most notable upgrades is EIP-7702, enabling user accounts to temporarily act like smart contracts-paving the way for simpler wallets and one-click DeFi experiences. While challenges preceded the rollout, developers see Pectra as a key milestone in Ethereum's long-term evolution.
Fed Keeps Rates Unchanged Amid Heightened Economic Uncertainty
The Federal Reserve has left its benchmark interest rate steady at 4.25%-4.5%, maintaining its cautious stance amid growing concerns over economic stagnation and volatility. Officials noted increasing uncertainty in the outlook, with recent market fluctuations weighing on monetary policy decisions. This pause reflects the Fed's ongoing efforts to balance inflation control with risks of slowed growth.
Bitcoin Breaks $100K as Market Eyes Trade Talks and Fed Policy
Bitcoin has surged past the $100,000 mark for the first time since February, driven by renewed optimism over global trade developments and strong institutional demand. As the U.S. gears up for high-level talks with China and speculation builds around a UK trade deal, analysts expect further gains-potentially reaching $120,000 by the end of Q2. ETFs saw $142 million in net inflows on Wednesday alone, highlighting Bitcoin's growing role as a hedge against traditional currency exposure.
Visa Invests in BVNK to Accelerate Stablecoin Payment Expansion
Visa Ventures has made a strategic €2 million investment in BVNK, a UK-based firm specializing in stablecoin payment infrastructure. The move follows BVNK's $50 million Series B round and marks Visa's continued commitment to advancing digital asset integration. With BVNK now processing $12 billion in annualized volume and expanding across the US, the partnership aims to streamline cross-border payments and enhance merchant access to blockchain-based services. Visa's broader push includes collaboration with stablecoin platform Bridge to enable card payments via digital currencies.
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