B itcoin and Ethereum holders on ByBit can now trade stocks and ETFs without selling their cryptocurrency. ByBit launched 44 new stock CFDs, including Apple, Amazon, and BlackRock's IBIT Bitcoin ETF, bringing its total TradFi platform offerings to over 130.
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cryptocurrency Bitcoin's Push Toward $75,000 Reflects Geopolitical Hedging Over Structural Growth
Bitcoin surged 5% to $74,350, reaching an intra-day high of $74,942 as investors repositioned portfolios in response to shifting geopolitical risks. The move was accelerated by short liquidations above $74,000 and $89 million in bearish futures positions. Spot Bitcoin ETFs saw $269 million in daily inflows, led by BlackRock's IBIT. This rally followed a drop in oil prices, which retreated from $104 per barrel to the $96–$99 range. The decline in energy costs correlated with a resurgence in risk appetite after the U.S. Navy confirmed it would restrict only vessels linked to Iranian ports in the Strait of Hormuz. This shift in sentiment was driven by Iran signaling openness to resume peace talks with the United States. Geopolitical risk premiums in global markets decreased, and Bitcoin absorbed flows as traders hedged against a world where trade, energy, and diplomacy are under strain.
Users can utilize their Bitcoin and Ethereum as collateral to back these positions through a Unified Trading Account. Bitcoin counts at 98% of its value toward available margin. This allows users to borrow USDT against their holdings to fund stock trades.
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digital assets Federal Reserve Chair Nominee's Crypto Holdings Signal Institutional Validation for Ethereum
Ethereum's price rose to $2,366.68 as institutional accumulation reduces the available supply of the same. The move is supported by the disclosure that Federal Reserve Chair nominee Kevin Warsh holds personal assets exceeding $100 million, including stakes in Blast and Bitwise Asset Management. Warsh has committed to divest these holdings if confirmed. The presence of these assets in the portfolio of a potential top U.S. financial regulator signals institutional validation of digital currencies. This validation reinforces a broader trend of institutional accumulation. BitMine Immersion Technologies purchased 71,524 ETH last week, its fastest pace of buying since December 2025. The firm now holds over 4% of the total Ethereum supply, approaching a 5% target. This removal of coins from the open market reduces sell-side liquidity. Simultaneously, capital rotated from U.S. spot Bitcoin ETFs, which saw $291 million in net outflows on April 13, into Ether ETFs, which recorded $187 million in weekly inflows. Ethereum is now challenging the $2,400 resistance level.
A trader holding one Bitcoin can now open positions on Apple or energy ETFs without selling a single satoshi. This mechanism locks the crypto in the account as collateral, removing it from the open market supply.
Related Brief 4h ago
central banking Kraken cuts out bank intermediaries with first crypto Fed master account
Kraken can now move money faster and more cheaply by cutting out bank intermediaries. The Kansas City Fed granted the crypto exchange's Wyoming banking arm a limited-purpose master account for one year, allowing it to access the wholesale payments system Fedwire. This access lets Kraken move funds directly via the Fed's payment rails and hold limited balances overnight. Unlike most accountholders, Kraken cannot earn interest on reserve balances, access emergency Fed lending, or use the FedNow and ACH payment systems. The account will initially serve wholesale clients.
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