It was a pretty positive week for crypto as prices rose, big offers were signed, and stablecoins continued to penetrate deep into the financial system. Even eth, a multi -year downer of late, rose sharply and reached almost $ 2300 at the time of the press.

Coindesk 20, a barometer for the entire market, has risen 15%plus since Monday.

Bitcoin was near ATH levels this week on the back of more positive “trade” news. Bearish positions were liquidated and ETF streams were up, the Omkar Foodbole reported.

ETH’s resurgence may have had something to do with its pectra upgrade that went out without problems (as Ethereum upgrades tend to). Pectra will make it easier (and bigger) and increase efficiency. Margaux Nijkerk, our Ethereum reporter, had the news.

Coinbase signed the biggest acquisition in Crypto History, an agreement of $ 2.9 billion for Deribit, a crypto option. Wall Street analysts said Coinbase is now a real player in derivatives competing with Binance.

Still, the agreement could not increase Coinbases stock price, which got a hit on customs raised Q1 earnings. Helene Braun wrote about it.

About these stableecoins … Meta (formerly Facebook) seems to attend the integration party; Like stripe. But the Senate Democrats stop stableecoin bill proposal and refer to concerns about several questionable Trump -crypto -events. This delay could again affect the schedule of a more comprehensive “market structure” calculation.

New Hampshire (“Live Free or Die”) signed the United States first state crypto reserve law. Many more are set to follow, Jesse Hamilton reported.

Meanwhile, Strike, who started as a Bitcoin-Wing Book, plans to get into Bitcoin-based lending. Many expect the Bitcoin credit market to be expanded from here.

This happened the same week, another Bitcoin lender – scolded Celsius – founder Alex Mashinsky – was sentenced to 12 years in prison for securities fraud in connection with the last cycle. Hopefully Bitcoin loan works better this time.