Weekly Crypto Round-up for April 26 - May 2, 2025

A comprehensive overview of the week's events, updates and movements in the crypto space to stay up-to-date on the most important crypto stories and market-shaping events.

1. KEY TAKEAWAYS

• Visa and Bridge launch stablecoin-backed cards in Latin America
• Morgan Stanley to offer crypto trading to E*Trade customers
• Worldcoin launches in the U.S.
• Injective introduces onchain Meta stocks for 24/7 trading
• The total crypto market cap surpasses $3T
• Coinbase’s institutional investment arm launches a new Bitcoin yield fund

2. CONTENT

🌎 Credit card giant Visa announced the launch of a new product that will let card holders in Argentina, Colombia, Ecuador, Mexico, Peru and Chile make everyday purchases from a stablecoin balance at any merchant location that accepts Visa. Developed along with the Stripe-owned startup Bridge, the new product is a significant step toward making cryptocurrency part of mainstream commerce for both merchants and consumers.

Visa intends to expand to other countries as stablecoins rapidly gain popularity among traditional financial outlets because of how easily they can be transferred between accounts and across borders. The focus on Latin America aims to address the demand for consumers and businesses to use stablecoins to store value and fund everyday purchases.

📊 Morgan Stanley plans on adding cryptocurrency trading to its E*Trade platform. The project is in its early stages and would be the most significant move by a major US bank to help everyday customers buy into the asset class.

The firm is looking to partner with one or multiple established crypto firms as it sets up the mechanics for the brokerage’s clients to buy and sell popular tokens including Bitcoin and Ether. The move comes amid a shifting regulatory sentiment and US policy toward virtual assets under President Donald Trump.

🌐 Worldcoin is rolling out in six major cities - Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. While previously cautious about entering the U.S., the company is more confident and a potentially more crypto-friendly stance from the Trump-aligned GOP.

As the lines between AI and reality continue to blur, Worldcoin wants to verify humans’ eyeballs using a shiny, spherical device called the Orb. World also announced a partnership with Visa to launch the “World Visa Card” later this year. The card will let users who hold World IDs spend WLD and other cryptocurrencies like regular money.

️ 💲 Injective unveiled the TradFi Index, a groundbreaking on-chain product that brings hundreds of major publicly traded stocks like Amazon, Apple, Microsoft, and Goldman Sachs into the decentralized finance (DeFi) ecosystem via its Helix exchange.

The innovation will allow users to trade these equities 24/7 with up to 25x leverage, all without the need for traditional brokerage accounts or geographic restrictions. By tokenizing traditional financial assets, Injective aims to democratize market access, enhance transparency, and bridge the gap between conventional finance and blockchain technology.

📉 The crypto market is back above $3 trillion in capitalization. Driven by renewed investor confidence, surging institutional interest, and strong momentum from Bitcoin and Ethereum, the total market cap has once again crossed the historic threshold, marking a major milestone for digital assets as they edge closer to mainstream adoption.

This resurgence reflects a broader shift in market sentiment, with easing U.S.-China trade tensions and increased adoption of stablecoins on platforms like Solana contributing to the positive outlook. As the crypto market continues to mature, these developments highlight its resilience and the increasing integration of digital assets into mainstream finance.

📈 Coinbase Asset Management introduced the Coinbase Bitcoin Yield Fund (CBYF), a new investment vehicle designed for non-US institutional investors outside . The fund aims to provide annualized net returns of 4% to 8%, denominated in Bitcoin. This initiative seeks to offer a yield-generating option for Bitcoin holders, addressing the cryptocurrency's traditional lack of native yield mechanisms.

Unlike some yield-generating products that involve high-risk activities like lending or systematic call selling, this fund avoids such approaches to minimize investment and operational risks. Trades are executed through third-party custody integrations, ensuring that assets remain in secure storage and reducing counterparty risk.

3. MARKET MOVES

📈 In the last 24 hours, Bitcoin's price moved +1.69% to $96.71k and trading volume moved +16.85% to $33.82b.

The crypto market remains as dynamic as ever, with new opportunities coming up every day. Whether you’re a seasoned trader, an investor or a beginner, stay informed with the latest trends and insights in crypto.

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