Bitcoin ETFs, gov’t adoption to drive BTC to $1M by 2029: Finance Redefined
The cryptocurrency market capitalization surpassed $3 trillion, with Bitcoin reaching a two-month high of $97,300, driven by institutional and ETF inflows. Analysts predict Bitcoin could exceed $1 million by 2029, fueled by expanding institutional adoption. MGX plans to use the USD1 stablecoin for a $2 billion investment in Binance, marking a significant entry into the crypto space. Ethereum developers proposed new token standards, ERC-7930 and ERC-7828, to enhance blockchain interoperability. In April, hackers stole over $92 million from DeFi platforms, a 124% increase from March. The DeFi Education Fund urged the Trump administration to end prosecutions of crypto developers, arguing it stifles innovation. Most cryptocurrencies saw gains, with Virtuals Protocol rising over 103%.
