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OpenAI CFO joins $1B XRP treasury; Bitcoin faces sideways trend; Ethereum ETFs lose $183M amid DeFi hacks.

Market News
01 May 2026
UToday
View Source
Neutral
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OpenAI Foundation's CFO Robert Kaiden has joined Evernorth Holdings' board, managing a $1 billion XRP treasury, signaling XRP's potential as a key AI economy currency ahead of its Nasdaq listing in Q2 2026. Bitcoin is expected to trade sideways around $77,000 through May 2026, with no major drops anticipated, according to analyst DonAlt. Meanwhile, Ethereum ETFs saw $183 million withdrawn in a week due to a surge in DeFi hacks causing $635 million in losses, raising concerns about DeFi security despite strong institutional ETF inflows earlier. Market watchers await upcoming US economic data for cues on crypto trends amid macro uncertainties.

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