• The Most Published News
Truth Social, owned by former President Donald Trump, is exploring the launch of a utility token integrated with a digital wallet for its rewards program. The proposed token would initially cover Truth+ subscription fees before expanding its utility for additional services. The company is also considering the creation of an ETF that blends stocks and cryptocurrencies.

• Current Market Trends
On April 29, Bitcoin spot ETFs experienced a total net inflow of $173 million, continuing an 8-day streak of positive cash flows. @BlackRock's IBIT led the gains with a $217 million inflow, while Bitwise's BITB recorded a net outflow of $24.3896 million. The overall ETF market now boasts a net asset value of $110.171 billion and a cumulative inflow of $39.196 billion.

• Regulations and Policies
The SEC is anticipated to decide on most pending altcoin ETF applications by October, according to CryptoSlate. Bloomberg ETF analyst @JSeyff noted that delays were expected and that deadlines for many of the 72 applications either fall in or after October, with further extensions possible. This update follows the SEC’s earlier decision on April 29 to delay five crypto ETF applications.
U.S. Advances Strategic Bitcoin Reserve and Stablecoin Regulations: President Trump's executive order mandates an audit of roughly 200,000 government-held Bitcoins (~$17 billion) and calls for legal and investment frameworks, while the Senate pushes forward the GENIUS Act to regulate stablecoins, underscoring a comprehensive digital asset policy overhaul.

• Technology and Innovation
UAE Launches Regulated Dirham Stablecoin: Backed by IHC, ADQ, and First Abu Dhabi Bank, the UAE's new dirham stablecoin operates under the Central Bank's supervision, aiming to reduce crypto payment risks and bolster the country’s fintech leadership.
@21Shares Files for Dogecoin ETF: Highlighting growing institutional acceptance of altcoins, 21Shares has filed with Nasdaq to launch the first regulated $DOGE ETF, broadening investor access to popular meme coins.

• Institutional Investor News
Ray Dalio Warns of Global Monetary System Breakdown: The billionaire investor emphasizes risks from tariff wars and deglobalization accelerating financial imbalances, recommending Bitcoin and gold as strategic hedges amid a fracturing global order.
@circle’s Strategic Expansion Supported by Institutional Backers: Backing from JP Morgan and Citi, Circle’s IPO and Abu Dhabi regulatory approval reflect growing institutional confidence in blockchain finance platforms.

• Market Forecasts and Expert Opinions
Bitcoin’s Potential as ‘Digital Gold’ Gains Momentum: Industry leaders and advisors expect Bitcoin’s role as a safe-haven asset to strengthen amid geopolitical tensions and economic uncertainty, though accumulation strategies like dollar-cost averaging are advised because of inherent volatility.
Shift From Regulatory Hostility to Embrace of Crypto in U.S.: With appointments favoring constructive engagement and strategic directives like the Bitcoin reserve, experts see a potentially bullish environment for digital assets pending stable and clear regulations.

• Security and Hacking News
Ledger users are being targeted by fraudsters using physical mail scams, as reported by Cointelegraph. The scam letters mimic official Ledger communication with authentic logos and business details, instructing recipients to scan a QR code and enter their wallet recovery phrase. The fraudulent activity appears to be linked to a 2020 data breach that compromised personal data of over 270,000 customers.

• Conclusion
The crypto market is currently shaped by a strong convergence of regulatory developments, strategic government initiatives, and evolving investor sentiment. Significant legal actions against high-profile figures underscore the ongoing risks in crypto lending and governance, while ambitious U.S. government plans to institutionalize Bitcoin holdings mark a new era of state-level digital asset strategy. Institutional interest remains robust, though the market experiences volatility influenced by macroeconomic concerns and regulatory shifts. Investors should monitor regulatory outcomes closely, exercise caution with high-risk tokens amid legal uncertainties, and consider diversified, long-term approaches such as dollar-cost averaging to navigate this dynamic environment.

Daily crypto market update is an AI summarization of important news published in major crypto media in the last 24 hours at the time of sending. The full news story can be found at the URL below.
http://ns3.ai/top-news