Crypto markets began May with relatively stable performance. In the first week, the Nasdaq Crypto Index^TM (NCI^TM) dipped 1.6%, with bitcoin (BTC) seeing a modest increase of 0.1% and ether (ETH) notably underperforming with a decline of 6.1%. This continued the notable shift in price action that began in April, which represented the first monthly decline for the asset class since August of last year.

 

 

 

 

Bitcoin surpasses landmark one billion settled transactions

The Bitcoin network settled its one billionth transaction on Sunday, reaching this remarkable landmark in just over 15 years after its Genesis block. The milestone was reached amid renewed network activity ignited by Runes, the new fungible token standard launched last month.

 

BNY Mellon invests in BTC ETFs, SEC filing reveals

BNY Mellon, the oldest and one of the largest banks in the US, has disclosed investments in US BTC ETFs. According to its SEC filings, the bank has acquired stakes in BTC ETFs managed by BlackRock and Grayscale. This strategic move by BNY Mellon underscores a broader trend of traditional financial institutions gaining exposure to the crypto asset class.

Pension funds eye opportunities in crypto investment

Large pension funds are considering crypto investment opportunities, says Fidelity. These plans represent over $5 trillion in assets, and tend to invest for the very long term. 

 

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