From Cointelegraph

May 2, 2025 2:00 pm:

The cryptocurrency market saw a recovery, with total market cap surpassing $3 trillion. Bitcoin hit a 2-month high of $97,300, driven by institutional and ETF inflows. Ethereum proposed new token standards for better network interoperability.

Bitcoin could hit $1 million by 2029, surpassing gold’s market cap. Institutional adoption may push Bitcoin to $200,000 in 2025 and $500,000 with more government adoption.

Abu Dhabi-based MGX will use Trump-related stablecoin to invest $2 billion in Binance. This marks the first institutional investment in Binance and a significant move in the crypto space.

Ethereum developers are working on new token standards to simplify crosschain transactions. The lack of a standard way to interpret information on different platforms has led to a messy user experience.

Crypto hackers stole over $90 million in April, a 124% increase from March. Decentralized finance platforms were targeted in all incidents, with the largest hack on UPCX accounting for most of the losses.

The DeFi Education Fund petitioned the Trump administration to stop prosecuting crypto developers like Roman Storm. They argue that holding developers liable for how others use their code sets a dangerous precedent.

Most of the top cryptocurrencies ended the week in the green, with Virtuals Protocol (VIRTUAL) rising over 103% as the biggest gainer. Solayer (LAYER) also saw a 29% increase. Stay tuned for more DeFi updates next week.

Read more at Cointelegraph: Bitcoin ETFs, gov’t adoption to drive BTC to $1M by 2029: Finance Redefined