• The Most Published News
@stripe is testing its first financial product centered on stablecoins, as announced by Product Manager Jeff Weinstein on X. The new product reflects a significant step in Stripe’s initiative to expand its stablecoin offerings. This development follows their $1.1 billion Bridge acquisition, underscoring a strong strategic commitment to the stablecoin ecosystem.

• Current Market Trends
On April 25, U.S. spot Bitcoin ETFs attracted a total net inflow of $380.06M, marking the sixth consecutive day of positive flows. @BlackRock IBIT led with $240.21M, followed by notable contributions from @Fidelity, @Grayscale, @ARKInvest, and VanEck. In contrast, Grayscale’s GBTC experienced a net outflow of $7.53M.
Bitcoin Eyes $100K As Shiba Inu Breaks Downtrend: Bitcoin’s current rally above $92,000 and strong support above $88,800 hint toward a potential test of the $100,000 milestone. Meanwhile, $SHIB has reversed its year-to-date downtrend and shows bullish signals. $DOGE is seeing accumulation near 18 cents, pointing to growing optimism in memecoins despite mixed overall sentiment in altcoins.

• Regulations and Policies
Swiss National Bank Rejects Bitcoin Reserve Proposal: The Swiss National Bank declined proposals to add Bitcoin to its reserves, citing concerns over stability, liquidity, and security amid economic uncertainty. This contrasts with local crypto advocates pushing for Bitcoin alongside gold in official reserves and highlights ongoing debates about Bitcoin’s institutional adoption in Europe.
Brazil Launches World’s First Spot $XRP ETF: Brazil’s B3 stock exchange introduced XRPH11, managed by Hashdex and Genial Investimentos, offering direct exposure to XRP via a Nasdaq index-tracking ETF. This first-of-its-kind product reflects growing institutional acceptance of $XRP and may set a precedent ahead of prospective $XRP ETF launches in the U.S.

• Technology and Innovation
@stripe Develops Stablecoin-Centric Financial Product: Stripe is preparing to test its first financial product centered on stablecoins, following its $1.1 billion acquisition of Bridge. This move signals Stripe’s push to integrate stablecoins into its payment ecosystem, potentially enhancing crypto’s role in mainstream financial services and transactions.

• Institutional Investor News
Bitwise Registers $NEAR ETF in Delaware: Bitwise’s registration of a @NEARProtocol ETF signals increased institutional interest in regulated crypto investment products. This step may attract fresh capital into $NEAR and similar blockchain projects by providing accessible and compliant investment vehicles.

• Market Forecasts and Expert Opinions
Potential Impact of Trump Firing Fed Chair Jerome Powell on Crypto: Speculative analysis discusses the political and economic fallout if former President Trump replaced Fed Chair Powell. The article warns of sovereign debt risks and financial instability but suggests such uncertainty could validate cryptocurrency’s original premise as a hedge and safe-haven asset, possibly accelerating crypto inflows.

• Conclusion
Today’s crypto market is characterized by imminent options expiries that could heighten volatility in Bitcoin and Ethereum, paired with bullish momentum especially in Bitcoin and memecoins like Shiba Inu. Institutional interest is advancing via new ETFs for $NEAR and $XRP, while payment giant Stripe’s stablecoin product development indicates growing crypto integration in financial services. Regulatory developments show mixed global stances, from Switzerland’s cautious approach to Brazil’s pioneering XRP ETF. Investors should watch key price levels around $86,000 for Bitcoin and $1,900 for Ethereum during options expiry, consider sector-specific innovations, and monitor macro-political events that may impact crypto's role as a hedge. A balanced approach considering both short-term volatility and long-term institutional confidence is advisable.

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