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Sui Blockchain Sets Weekly Trading Volume Record on DEX — Over $3.6 Billion
Blockchain $SUI , a rapidly growing layer one network, set a new record, reaching a weekly trading volume on decentralized exchanges (DEX) of $3.649 billion for the period from April 20 to April 26, 2025, according to DeFiLlama. This is the highest figure in the network's history, highlighting its rapid growth in the decentralized finance (DeFi) sector.
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South Korea is ready to approve spot crypto ETFs and lift banking restrictions
🕯 The ruling People’s Party of South Korea proposed an urgent reform of the crypto market, which includes the legalization of spot ETFs and the abolition of the 'one exchange - one bank' model, which limits competition and user choice.
🟢 Key initiatives:
🔴 Approval of spot cryptocurrency ETFs (analogous to the USA)
🟢 Key initiatives:
🔴 Approval of spot cryptocurrency ETFs (analogous to the USA)
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ProShares launches three futures XRP ETFs on April 30
On April 30, 2025, ProShares, a leading issuer of exchange-traded funds (ETFs), will launch three futures XRP ETFs after SEC approval. These funds are ProShares Ultra XRP ETF (2x leverage), ProShares Short XRP ETF (-1x leverage), and ProShares UltraShort XRP ETF (-2x leverage), which will track the prices of XRP futures, allowing investors to profit from price increases or decreases without directly owning the token. The launch follows the successful debut of Teucrium 2x Long Daily XRP ETF, which raised $5 million on its first trading day.
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The gala dinner with Trump triggered on-chain activity of the TRUMP coin worth $2.4 billion
The announcement of an exclusive dinner for major holders of the meme coin $TRUMP featuring US President Donald Trump has acted as a catalyst for explosive growth.
📈 In the day after the announcement:
🔵 The price of TRUMP has increased by 60% — from $9 to $14.5
🔵 The number of active wallets has tripled — nearly 10,000 addresses
🔵 The transaction volume in the network exceeded $2.4 billion
📈 In the day after the announcement:
🔵 The price of TRUMP has increased by 60% — from $9 to $14.5
🔵 The number of active wallets has tripled — nearly 10,000 addresses
🔵 The transaction volume in the network exceeded $2.4 billion
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Binance announces the launch of Fund Accounts solution for crypto fund managers
On April 24, 2025, Binance, the largest cryptocurrency exchange by trading volume, launched Fund Accounts — an innovative solution for crypto fund managers. This tool allows for the pooling of investor assets into omnibus accounts, simplifying portfolio management and enhancing trading efficiency. According to Catherine Chen, head of Binance VIP & Institutional, Fund Accounts are a plug-and-play solution that reduces administrative costs and allows a focus on executing strategies.
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A New Step in the Development of Digital Currencies in the UAE
In April 2025, three leading financial institutions in Abu Dhabi – the sovereign fund ADQ, the largest bank in the UAE First Abu Dhabi Bank (FAB), and the conglomerate International Holding Company (IHC) – announced the launch of AbuDhabiStablecoin, a stablecoin pegged to the dirham. This project, regulated by the Central Bank of the UAE, will be an important step in the development of the country's digital infrastructure. The stablecoin will operate on the ADI blockchain, developed by the ADI Foundation, and will be issued by FAB after regulatory approval.
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In one day, the price of the anonymous cryptocurrency Monero soared by 40%
On April 28, 2025, the price of Monero (XMR) rose by 40% in a few hours, reaching $391. According to crypto detective ZachXBT, the surge is linked to the laundering of 3520 BTC (~$330 million), which were converted to XMR through six exchanges. The limited liquidity of Monero, caused by its delisting from major platforms like Binance, exacerbated the volatility, pushing the price up.
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Arizona became the first U.S. state with a law on a strategic Bitcoin reserve
In January 2025, Arizona made history by becoming the first U.S. state to pass a bill establishing a strategic Bitcoin reserve. The bill, supported by the committee, will soon be put to a vote in the Senate. This move, initiated by co-sponsors Wendy Rogers and Jeff Weninger, aims to strengthen the state's financial system by integrating cryptocurrencies. This was reported by Dennis Porter of the Satoshi Action Fund, emphasizing the initiative's importance for the region's economic future.
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Cryptocurrency lender Nexo has returned to the US market
The cryptocurrency platform Nexo announced its return to the US market on April 28, 2025, after a two-year hiatus caused by regulatory restrictions. In 2023, the company paid a $45 million fine to the SEC for the unregistered Earn Interest product and ceased operations in the US. The return became possible due to a change in the regulatory climate under President Trump's administration, which supports innovation in the crypto sphere.
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ProShares launches futures XRP ETFs
ProShares received SEC approval to launch three futures XRP ETFs on April 30, 2025. The new funds are ProShares Ultra XRP ETF (with 2x leverage), ProShares Short XRP ETF (inverse -1x), and ProShares UltraShort XRP ETF (inverse -2x) — they will track the price of XRP through futures contracts and swaps without directly holding the tokens. This follows the successful debut of Teucrium's 2x XRP ETF, which raised $5 million on its first trading day.
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Adam Back described Bitcoin's path to a $200 trillion capitalization
Adam Back, co-founder and CEO of Blockstream, predicts that Bitcoin's market capitalization could reach $200 trillion due to the strategies of companies like Strategy. According to him, investments in Bitcoin are becoming a key element of 'hyperbitcoinization' — the process by which cryptocurrency displaces traditional assets, including gold, as the primary tool for protection against inflation and political instability.
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CZ and the founders of WLFI discussed the future of the global crypto economy
🕐 A meeting took place in Abu Dhabi between Changpeng Zhao (CZ), the founder of Binance, and the team of the World Liberty Financial (WLFI) project. They discussed the promotion of cryptocurrencies and the development of new industry standards.
🗣 CZ commented:
"Glad to see the friends of Zak Witkoff and Bilal bin Saqib. We continue to build, despite traditional media trying to portray this negatively."
🗣 CZ commented:
"Glad to see the friends of Zak Witkoff and Bilal bin Saqib. We continue to build, despite traditional media trying to portray this negatively."
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The price of Monero soared after laundering over $330 million through XMR
🅱️ Crypto detective ZachXBT recorded suspicious activity: 3520 BTC (~$333.5 million) were withdrawn and exchanged for Monero (XMR). This caused a significant spike in the asset's price.
🔵 What happened:
1️⃣ Funds were transferred to the wallet of the likely perpetrator on the night of April 28
2️⃣ BTC was distributed across six exchanges, after which it was converted to XMR
🔵 What happened:
1️⃣ Funds were transferred to the wallet of the likely perpetrator on the night of April 28
2️⃣ BTC was distributed across six exchanges, after which it was converted to XMR
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NYDIG: Bitcoin strengthens its position as a protective asset
🪙 After recent political events in the USA, Bitcoin has begun to show itself as a true store of value, analysts from NYDIG stated.
📈 According to Greg Chipolaro, head of research:
"In recent weeks, BTC has noticeably decoupled from traditional risk assets. This is an early and fragile process, but already felt by those monitoring the market 24/7."
📈 According to Greg Chipolaro, head of research:
"In recent weeks, BTC has noticeably decoupled from traditional risk assets. This is an early and fragile process, but already felt by those monitoring the market 24/7."
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President Trump stated that the U.S. could significantly reduce—or even eliminate—federal taxes.
On April 28, 2025, U.S. President Donald Trump announced that the new tariff system implemented by his administration could lead to a significant reduction or even complete elimination of federal income taxes for Americans. According to Trump, revenue from import tariffs, which have already caused global trade tensions, will become the main source of funding for the U.S. budget. He noted that families earning up to $200,000 a year could experience the most relief.
Why is XRP Going Up, Will It Reach $10 in 2025? Expert Insights
XRP, the native token of Ripple’s XRP Ledger, has been on a notable upward trajectory in 2025, driven by several key factors. After surging 600% from November 2024 to January 2025, XRP is consolidating around $2.20, with experts citing regulatory clarity, institutional adoption, and technological advancements as catalysts. Ripple’s legal victory against the SEC, finalized with a $50 million fine, has removed a major overhang, boosting investor confidence. The launch of Ripple’s RLUSD stablecoin and partnerships with global banks like SBI Holdings enhance XRP’s utility in cross-border payments, processing transactions in seconds for minimal fees. Additionally, the first U.S. XRP ETF and a pro-crypto U.S. administration have fueled bullish sentiment.
Can XRP reach $10 in 2025? Analysts are divided. Optimists like EGRAG Crypto predict peaks of $5–$17, citing historical cycles and Ripple’s expanding network. Conservative estimates, like Changelly’s, project $2–$3.77, citing potential market volatility. A $10 price would require a 350% increase, achievable with sustained adoption and favorable market conditions, though risks like global economic pressures remain.
Stay updated with the latest crypto trends! Follow MiningUpdates for expert insights and market analysis.
#XRPETFs
XRP, the native token of Ripple’s XRP Ledger, has been on a notable upward trajectory in 2025, driven by several key factors. After surging 600% from November 2024 to January 2025, XRP is consolidating around $2.20, with experts citing regulatory clarity, institutional adoption, and technological advancements as catalysts. Ripple’s legal victory against the SEC, finalized with a $50 million fine, has removed a major overhang, boosting investor confidence. The launch of Ripple’s RLUSD stablecoin and partnerships with global banks like SBI Holdings enhance XRP’s utility in cross-border payments, processing transactions in seconds for minimal fees. Additionally, the first U.S. XRP ETF and a pro-crypto U.S. administration have fueled bullish sentiment.
Can XRP reach $10 in 2025? Analysts are divided. Optimists like EGRAG Crypto predict peaks of $5–$17, citing historical cycles and Ripple’s expanding network. Conservative estimates, like Changelly’s, project $2–$3.77, citing potential market volatility. A $10 price would require a 350% increase, achievable with sustained adoption and favorable market conditions, though risks like global economic pressures remain.
Stay updated with the latest crypto trends! Follow MiningUpdates for expert insights and market analysis.
#XRPETFs
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A New Era for the Cryptocurrency Market
The launch of the first XRP ETF in the U.S. by Teucrium Investment Advisors on April 8, 2025, was a historic event for the crypto industry. This 2x-leveraged fund (XXRP), traded on NYSE Arca, raised $5 million on its debut day, entering the top 5% of the most successful new ETFs. This indicates a growing interest among investors in XRP, despite the volatility and legal challenges associated with the SEC's lawsuit against Ripple.
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Citigroup: Stablecoin Issuers Could Become the Largest Holders of U.S. Treasury Bonds
On April 25, 2025, the American financial conglomerate Citigroup published a report predicting that issuers of stablecoins could become one of the largest holders of U.S. Treasury bonds by 2030. According to the baseline scenario, the growth of the stablecoin market could add over $1 trillion in demand for these assets. With favorable regulation, their total capitalization could reach $1.6 trillion, and in an optimistic scenario, $3.7 trillion.
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The Prime Minister of Malaysia met with Changpeng Zhao to discuss blockchain opportunities
On April 24, 2025, Malaysian Prime Minister Anwar Ibrahim held a meeting with Binance founder Changpeng Zhao (CZ) in Kuala Lumpur. The purpose of the meeting was to discuss Malaysia's potential in the field of digital assets and blockchain technologies. Anwar Ibrahim reported this on his account on platform X, emphasizing the country's ambitions to become a regional hub for blockchain innovations.
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