In the first full week following the Bitcoin halving, crypto markets remained flat with the Nasdaq Crypto Index (NCI) up by 0.7%. Bitcoin (BTC) declined -1.3%, while ether (ETH) significantly outperformed the largest asset up by 6.3%. With only two days remaining in April, it appears the month we could break the streak of monthly positive performance since September 2023. 

 

Latin American Fintech giant Nubank enables crypto withdrawals and deposits

Nubank, Brazil's leading digital banking powerhouse, has enhanced its platform by allowing customers to conduct transactions with Bitcoin, Ethereum, and Solana through its app. This new feature supports both deposits and withdrawals, establishing Nubank as a major player in integrating cryptocurrencies into banking services.

 

IMF says Bitcoin has become a necessary financial tool for preserving wealth 

The International Monetary Fund (IMF) reported that bitcoin is increasingly being used in international transactions, noting, "the volume of cryptocurrency transactions is remarkably high in some Latin American nations like Argentina and Venezuela. We also see significant usage spikes in various countries across Africa, Asia, and Eastern Europe."

 

Morgan Stanley may explore allowing brokers to recommend Bitcoin ETFs

Morgan Stanley is taking bold steps to expand its offerings of Bitcoin exchange-traded funds (ETFs). The financial giant is preparing to deploy about 15,000 brokers to proactively recommend Bitcoin ETFs to its clients. This move could significantly widen consumer access to these digital asset funds and potentially boost their demand.

 

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