World Liberty's Stablecoin In $2 Billion Deal, SoFi Reintroduces Crypto And Riot Platforms' Q1 Results: This Week In Crypto

Benzinga Neuro

May 04, 2025

The weekend was a whirlwind of activity in the financial world, with a particular focus on cryptocurrencies. From Peter Schiff’s surprising preference for Dogecoin over Bitcoin to Riot Platforms’ Q1 results, there was no shortage of intriguing developments. Let’s dive into the top stories.

Peter Schiff Prefers Dogecoin Over Bitcoin

Known for his criticism of Bitcoin (CRYPTO: BTC), Peter Schiff has made headlines by expressing a preference for Dogecoin, a meme-based cryptocurrency, over the leading digital currency. Schiff’s stance on Bitcoin has always been critical, questioning its value and the investment rationale of its holders.

Read the full article here.

Riot Platforms’ Q1 Results

Riot Platforms Inc. (NASDAQ:RIOT) reported its Q1 financial results after market close on Thursday. The company saw a significant increase in total revenue from $79.3 million in the prior year’s quarter, primarily driven by a $71.5 million increase in Bitcoin mining revenue.

Read the full article here.

See Also: Shiba Inu Burn Rate Skyrockets 2,094%: What Is Going On?

Classover Holdings’ $400 Million Equity Deal

Classover Holdings Inc. announced a $400 million equity purchase facility agreement with Solana Strategies Holdings. The funds will support working capital, acquisitions, and a new treasury strategy centered around Solana tokens.

Read the full article here.

SoFi Reintroduces Crypto

SoFi Technologies (NASDAQ:SOFI) plans to reintroduce cryptocurrency investing by the end of 2025, following a major shift in the regulatory environment under the Trump administration. SoFi had previously discontinued its crypto investment services in late 2023 due to heightened federal scrutiny of digital assets.

Read the full article here.

World Liberty’s Stablecoin In $2 Billion Deal

Eric Trump announced that the Trump family-backed stablecoin USD1 will be used to close a $2 billion deal with cryptocurrency exchange Binance. The announcement was made at the Token2049 cryptocurrency conference in Dubai.

Read the full article here.

Read Next:

Dogecoin Surges 5%: What Is Going On?

This story was generated using Benzinga Neuro and edited by Ananya Gairola

Image Via Shutterstock

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