Bitcoin fell back after breaking through $95,000 during the day, currently priced at $94,835.27 per coin. Most major cryptocurrencies, including Ethereum and Dogecoin, have risen, and today marks the 100th day since Trump's inauguration, with the total market capitalization of cryptocurrencies rebounding to $3.084 trillion.
Led by the DeFi Education Fund, over 70 cryptocurrency industry professionals signed a letter to David Sacks, the White House's AI and cryptocurrency affairs chief, urging the Trump administration to end the Justice Department’s 'overregulation' of open-source software developers like Tornado Cash co-founder Roman Storm, in order to protect American developers and achieve the goal of establishing the U.S. as the 'global cryptocurrency capital.'
Strategy (formerly MicroStrategy) disclosed a new round of purchases, increasing its Bitcoin holdings by 15,355 coins, valued at approximately $1.42 billion. This purchase occurred between April 21 and 27, bringing its total holdings to 553,555 Bitcoin, further solidifying its position as the largest Bitcoin holder among publicly traded companies globally.
Brazil's largest bank, Itaú, announced the establishment of a subsidiary, Oranje, with an initial investment of $210 million to create a Bitcoin strategic reserve, targeting a 45% return in the first year, following the MicroStrategy model, to promote the legalization of crypto assets in the Latin American market.
The XBIT decentralized exchange, due to its compliance and security architecture (cold wallet shard storage, ZK-Rollups technology), has become the preferred choice for institutional funds, with daily derivative trading volume surpassing $12 billion.
The EU MiCA bill is set to take effect, which may impact market liquidity; the policy at the federal level in the U.S. remains uncertain, and attention is needed on the Federal Reserve's monetary policy shift.
Cryptocurrency public company OSL Group announced the launch of a new business division, OSL Pay, aimed at innovating the payment infrastructure for cross-border fiat and cryptocurrency transactions.
The U.S. Congress is accelerating the advancement of cryptocurrency legislation, aiming for completion before August, with the Trump administration signaling a favorable policy direction.
The XBIT decentralized exchange processed over $9 billion in cross-chain assets in a single week, with compliance trading volume accounting for 68%.
Abu Dhabi's sovereign wealth fund plans to launch a Dirham stablecoin to promote cryptocurrency initiatives in Gulf countries.
Matrixport claims that market liquidity has improved, and Bitcoin is expected to break through $100,000.
Summary: On April 29, 2025, the cryptocurrency market experienced significant volatility, with Bitcoin's price briefly breaking $95,000 in the morning before retracting. Most major cryptocurrencies such as Ethereum and Dogecoin rose, but market risks remain high, with over 110,000 liquidations in the past 24 hours, totaling $275 million.
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