1 Billion USDT Newly Issued
According to Whale Alert, 1 billion USDT was newly issued from the Tether Treasury address.
BlackRock IBIT Purchased $3.4 Trillion BTC Last Week
Blockchain data analysis company ARKM officially announced on X that "BlackRock's Bitcoin spot ETF, IBIT, purchased BTC worth $25 billion (approximately 3.4 trillion won) last week. It is purchasing Bitcoin equivalent to an average of $500 million per day".
Bernstein: "Expect Listed Companies to Purchase $330 Billion BTC by End of 2029"
Crypto research and brokerage firm Bernstein released a report forecasting that listed companies' Bitcoin purchase scale will reach $330 billion by the end of 2029. According to CoinDesk, the report predicts that a single company, MicroStrategy, will additionally purchase approximately $124 billion worth of Bitcoin over the next five years, and other listed companies will allocate about $205 billion to Bitcoin purchase strategies. Particularly, small low-growth companies mimicking MicroStrategy's Bitcoin purchase strategy are expected to lead this trend.
US House Representatives Unveil Cryptocurrency Market Structure Bill Draft
House Financial Services Committee Chairman French Hill and others have unveiled a cryptocurrency market structure bill draft. According to CoinDesk, this is a follow-up version of the Financial Innovation and Technology for the 21st Century Act (FIT21) passed in the previous session, limiting the scope of project disclosure obligations. It also includes provisions for developers to raise capital under SEC supervision or register with CFTC for cryptocurrency trading, establishing clear jurisdictional boundaries between the two regulatory agencies. The House Financial Services Committee's Digital Assets Subcommittee is scheduled to hold a hearing on the future of cryptocurrencies on the 6th (local time), where discussion of this bill draft is expected.
US House Democratic Representatives Plan to Exit Cryptocurrency Hearing
As the House Financial Services Committee's Digital Assets Subcommittee is set to hold a hearing on the future of cryptocurrencies on the 6th (local time), multiple Democratic House representatives are planning to exit the hearing. According to political media Politico, top Democratic committee member Maxine Waters and several other Democratic representatives are planning to exit the hearing, while Republican top member French Hill is reportedly recommending reconsideration.
786 'Cryptocurrency Mentions' in April SEC Submissions - All-Time High
According to The Block, 786 documents submitted to the US Securities and Exchange Commission (SEC) in April mentioned cryptocurrencies. This represents a 38% increase from the previous month (569) and an 8% increase from the same period last year (727). The monthly average was 457 from January 2024 to March 2025. Stablecoin mentions have also surged in recent months. While averaging 48 mentions monthly from January 2024 to January 2025, the period from February to April saw an average of 103 monthly mentions, with 81, 124, and 104 mentions in February, March, and April respectively. Media assessed this as a result of expectations for clearer and more consistent new regulations and future SEC guidelines.
Curve X Account Hacked
Curve (CRV) founder Michael Egorov reported that the official Curve X account appears to have been hacked.
Coinbase to Temporarily Suspend ETH Deposits and Withdrawals in Preparation for Petra Upgrade
With the Ethereum Petra upgrade scheduled for the 7th at 3:05 PM (PT), Coinbase announced a temporary suspension of Ethereum deposits and withdrawals from 2:50 PM to 3:45 PM for user fund safety. New staking applications will be delayed after 3:45 PM, and existing positions will not be affected.
US SEC Extends Review Period for Canary Capital's LTC Spot ETF
According to Solid Intel, the US Securities and Exchange Commission (SEC) has extended the decision deadline for approving the Litecoin (LTC) spot ETF submitted by cryptocurrency investment firm Canary Capital.
Ripple Holds 4.56 Billion XRP as of 3/31 - $98.6 Billion in Value
Ripple released its Q1 report, announcing it holds 4.56 billion XRP (approximately $98.6 billion) as of March 31. According to U Today, this represents a 17% increase from the previous quarter (4.48 billion). Escrow-held tokens decreased from 38 billion to 37.1 billion, a 2.3% reduction.
BitWise President: "Ripple Could Potentially Acquire Multiple Crypto Companies"
BitWise President Teddy Fusaro stated that Ripple could potentially acquire multiple cryptocurrency companies if desired. According to U Today, he estimated the value of Ripple's held XRP at around $93 billion. Recently, Ripple reportedly proposed an acquisition of Circle for $4-5 billion, which Circle rejected, stating the "bid was too low".
Crossover Markets Accelerates US Market Entry
According to CoinDesk, Bloomberg reported that digital asset trading firm Crossover Markets is fully launching its US market entry. The media explained that "this move by Crossover Markets is linked to Trump's pro-cryptocurrency policy and the recent relaxation of US cryptocurrency regulatory stance".
US Treasury Sanctions Burmese Militia for 'Pig Butchering Scam Facility Operations'
The US Treasury added the Karen National Army militia to its sanctions list for allegedly operating pig butchering scams on an industrial scale. According to CoinDesk, the militia is accused of operating cybercrime organizations that steal cryptocurrencies from US citizens.
Digital Risk Management Platform Raises $35 Million in Series B Funding
Digital risk management and protection platform Doppel has raised a Series B investment of $35 million, according to foreign media reports. The round was led by Bessemer, with participation from a16z crypto, Strategic Cyber Ventures, South Park Commons, and Script Capital. The investment will be used to build digital protection infrastructure by combining generative AI and expert analysis.
Coinbase Adds PAXG to Listing Roadmap
Coinbase announced through its official X that it will add PAXG to its listing roadmap.
US Law Firm Discusses Cryptocurrency Regulation with SEC Task Force
According to foreign media, partners Richard B. Levin and Bobby Wenner from Taft Stettinius & Hollister law firm discussed cryptocurrency regulation with the SEC's cryptocurrency task force team. The law firm submitted a proposal regarding cryptocurrency regulation, and discussions were held.
Riot Platform Sells 475 BTC in April... First Large-Scale Sale in Over a Year
Bitcoin mining company Riot Platform sold 475 BTC in April. This is the first large-scale Bitcoin sale since January 2024, as the platform had maintained a 100% holding strategy. Riot Platform sold a total of 475 BTC, combining 463 BTC from April mining and 12 BTC from existing holdings, generating $38.8 million in revenue.
ICON Rebrands to Soda X Change
The ICON Foundation announced through its official channel that it will rebrand to Soda X Change (SODAX). This is a vertically integrated DeFi app platform, and as part of this, they are migrating the hub chain infrastructure from ICON to the Sonic blockchain. This is expected to reduce operational costs and increase scalability and protocol fee potential. They will also promote migration of ICX and BALN to SODA, focusing on a stronger single token for SODAX. The migration will proceed at a 1:1 ratio.
Zhao Changpeng Recalls Prison Life... "It Was Scary and Difficult"
Former Binance CEO Zhao Changpeng reflected on his four-month prison experience in an interview. According to Decrypt, he said, "Prison life was very scary and difficult. The pre-entry procedures were inhumane. Being stripped and searched was a very challenging moment. My cellmate was a man sentenced to 30 years for murder. We got along, but I was very scared." He added, "I realized that health and family are most important. Work comes next. I missed good food and a comfortable bed, but most of all, I missed my family." He also mentioned that he still communicates with some people he met in prison.
Trump Plans Two Cryptocurrency Dinners in May... Ticket Price $1.5 Million
CNBC reported that Donald Trump is planning two cryptocurrency-related dinners in May. The first is on the 5th, a dinner for cryptocurrency and AI innovators hosted by MAGA Inc, which will include Trump and crypto czar David Sachs. Ticket prices are reportedly $1.5 million per person, with the purpose of the millions raised remaining unclear. The second event on the 22nd is a private dinner for the top 220 TRUMP meme coin holders at a Virginia golf course.
8,022 BTC Transferred... Coinbase → Anonymous
According to Whale Alert, 8,022 BTC was transferred from a Coinbase address to an anonymous address, amounting to $760 million.
Anonymous Whale Purchases 4.47 Million AVA
According to LookOnChain, an anonymous whale purchased 4.47 million AVA for 390,000 USDC. The wallet previously earned $7.5 million from Fartcoin investment. It currently holds 29.58 million AVA, worth approximately $2.44 million, with an estimated unrealized profit of $1.12 million.
US Stock Indices Close Lower
US stock indices closed lower.
S&P500: -0.63%
Nasdaq: -0.74%
Dow: -0.24%
