PANews

PANews, April 28 - According to a press release from the Hong Kong Special Administrative Region government, the Hong Kong Invest Hong Kong has announced that registration for the eighth Global Fast Track Program 2025 is now open, with a deadline of September 21. The vertical sectors covered by this year's Global Fast Track Program include seven categories: FinTech, Artificial Intelligence, Green Technology, Blockchain and Digital Assets, InsurTech and HealthTech, Innovation and Technology, among others.

Original text: David Puell, Ark Invest analyst;

Translator: CryptoLeo; Editor: Hao Fangzhou.

Editor's note:

At the beginning of the year, Bitcoin 'dead bulls', Cathie Wood's Ark Invest released the Big Ideas 2025 report, mentioning three price targets for Bitcoin in 2030, which are: $300,000 (bear market), $710,000 (baseline market), and $1.5 million (bull market). At that time, it was just 'purely shouting' a price far exceeding market expectations (like Plan B), without revealing the actual estimation process.

Two months later, Ark Invest finally announced its modeling methodology and logical assumptions for Bitcoin's price target in 2030. This model predicts Bitcoin's price in 2023 based on the total addressable market (TAM) and penetration rate.

PANews April 28 news, according to CrowdfundInsider's report, the latest research report from the New York Digital Investment Group (NYDIG) points out that in the context of increasing economic and geopolitical uncertainty, Bitcoin is beginning to exhibit characteristics of a non-sovereign store of value. The report mentions that since Trump’s so-called 'Liberation Day' on April 2, 2025, the US dollar and long-term US Treasury bonds have performed poorly, while gold, the Swiss franc, and Bitcoin have gained market favor. While the US stock market has declined, Bitcoin has risen 10.3% against the trend, showing a decoupling trend from traditional risk assets.

PANews, April 28 - According to Bitcoin.com, asset management company Grayscale met with the SEC's cryptocurrency working group on April 21 to apply for permission to stake its Ethereum ETF (ETHE and ETH). The company stated that due to regulatory restrictions, it has missed approximately $61 million in potential earnings from the $8.1 billion in assets it manages since the product was launched until February 2025. Grayscale presented three arguments: 1) Similar products in Europe and Canada have successfully implemented staking; 2) Staking can enhance the security of the Ethereum network; 3) Risk control plans have been established, including a 'liquidity reserve'. Coinbase Custody will provide technical support to mitigate the risk of forfeiture. Currently, the U.S. spot Ethereum ETP cannot fully reflect the underlying asset's value due to the prohibition of staking. Grayscale urges the SEC to update regulatory rules in line with traditional financial products.

PANews reported on April 28 that, according to The Data Nerd's monitoring, 40 minutes ago, a wallet marked as 'DLcwu' withdrew 1 million LAYER tokens (worth approximately 2.72 million USD) from Binance and transferred them to the wallet address named 'AEZok'.

In the past three days, the wallet (DLcwu) has withdrawn a total of 26.51 million LAYER tokens (worth approximately 66.92 million USD) from Binance, and has transferred all tokens to the wallet 'AEZok'.

Currently, the wallet 'AEZok' ranks 7th on the leaderboard for this token, holding 48.47 million $LAYER tokens, and its large holding size suggests it may be the market maker for this project.

According to PANews on April 28, based on SoSoValue data, the Bitcoin spot ETF had a weekly net inflow of $3.06 billion during the trading days from April 21 to April 25 (Eastern Time).

Last week, the Bitcoin spot ETF with the highest net inflow was Blackrock's Bitcoin ETF IBIT, which had a weekly net inflow of $1.45 billion, bringing the total historical net inflow of IBIT to $41.2 billion. The second was the Bitcoin ETF ARKB from Ark Invest and 21Shares, with a weekly net inflow of $621 million, marking a historical weekly net inflow record, and the total historical net inflow of ARKB now stands at $3.11 billion.

PANews, April 28 - According to Kepple, the Web3 entertainment company YOAKE entertainment announced the completion of a funding round of 180 million yen (approximately 1.25 million USD) through private token sales and convertible corporate bonds. This round of financing was led by Next Web Capital, with participation from Bitbank Ventures, Credit Scend, Hakuhodo KEY3, Taisu Ventures, X2Y2, among others. The funds will be used for the development of the next-generation entertainment platform and global IP content creation.

According to reports, YOAKE was established in February 2024, funded by multiple companies including Twin Planet, Asobi System, W TOKYO, and Y&N Brothers. The board members include renowned producer Yasushi Akimoto and Astar Network founder Kenta Watanabe. YOAKE focuses on the blockchainization of entertainment IP and recently announced the launch of an official NFT series for Japan's popular anime (The Seven Deadly Sins), utilizing the blockchain 'Soneium' co-developed by Sony Group and Startale Group.

According to PANews on April 28, based on SoSoValue data, the net inflow for Ethereum spot ETFs last week (from April 21 to April 25, Eastern Time) was $157 million.

Last week, the Ethereum spot ETF with the highest net inflow was Fidelity ETF FETH, with a weekly net inflow of $68.59 million. Currently, FETH's total historical net inflow has reached $1.43 billion. The second is Blackrock ETF ETHA, with a weekly net inflow of $64.18 million, and currently, ETHA's total historical net inflow has reached $4.11 billion.

The Ethereum spot ETF with the highest net outflow last week was Grayscale Ethereum Trust ETF ETHE, with a weekly net outflow of $32.02 million. Currently, ETHE's total historical net outflow has reached $4.28 billion.

PANews, April 28 news, according to reports from Huigang Communications, Victory Securities today announced that it has officially obtained two important approvals from the Hong Kong Securities and Futures Commission (SFC) for virtual asset businesses to provide products and services related to virtual assets (VA): 1) Approved to provide full discretionary account management services for virtual assets to retail and professional investors, investing in spot virtual assets, virtual asset futures, and virtual asset options in accordance with SFC suitability regulations; 2) Approved to distribute physically subscribed and settled structured products of virtual assets to professional investors.

PANews reported on April 28 that, according to The Data Nerd's monitoring, 3 hours ago a whale named '2muGo' withdrew 92,460 TRUMP tokens (valued at approximately $1.37 million) from Binance.

Currently, this whale holds 104,700 TRUMP tokens (valued at approximately $1.51 million) and ranks among the top 125 holders of this token.

PANews reported on April 28th, according to Onchain Lens monitoring, a whale holding 1.32 million SOL (worth approximately 192 million USD) transferred 35,000 SOL (worth approximately 5.07 million USD) to Binance 40 minutes ago.

In the past 19 days, this giant whale has transferred out a total of 135,000 SOL worth 15.72 million USD.

Specifically, this giant whale first unstaked 1.32 million SOL, then deposited 1.2 million SOL into the Kamino protocol and borrowed 20 million USDC.

PANews April 28 news, according to SoSoValue data, the cryptocurrency market sectors generally retreated. Bitcoin (BTC) fell 1.15% in 24 hours, briefly dropping below $93,000. Ethereum (ETH) fell 2.36%, dropping below $1,800. Only the NFT and PayFi sectors maintained an upward trend, with the NFT sector rising 3.47%. Within this sector, Pudgy Penguins (PENGU) has seen continuous gains, rising 30.59% in 24 hours, while Magic Eden (ME) rose 6.92%. The PayFi sector increased by 2.60%, with XRP and Monero (XMR) rising 3.22% and 17.79%, respectively. Also performing well is the decentralized storage protocol Walrus (WAL) from the Sui ecosystem, which rose 17.86% in 24 hours.

On April 27, 2025, the market cap of the Solana ecosystem's meme coin $HOUSEcoin (hereafter referred to as HOUSE) soared to $75 million, reaching an all-time high. Since its issuance through the Pump.fun platform on March 25, this project has risen from obscurity to the center of the crypto community in just one month. Its website slogan 'Flipping the Housing Market, One $HOUSE at a Time ?️' is striking, while a quote attributed to Michael Burry—'The housing market will collapse; this coin is your hedge'—further imbues it with disruptive symbolic meaning. Against the backdrop of a 48% surge in global housing prices and the hopelessness of young people buying homes, HOUSE transforms economic anxiety into a decentralized struggle. How has this meme coin ignited global resonance? Why does its anti-propertyism narrative resonate so deeply? Let us delve into the story of HOUSE.

PANews, April 28th news, according to Cointelegraph, nearly 16 months after the launch of spot Bitcoin ETFs, Grayscale's GBTC still dominates in revenue generation, with an implied annual income exceeding $268 million—this figure surpasses the total income of all other Bitcoin ETFs ($211 million).

PANews reported on April 28 that Dankrad Feist, a researcher at the Ethereum Foundation, proposed the EIP-9698 proposal on April 27, planning to introduce a 'deterministic gas limit growth plan' starting from epoch 369017 (around June 1). This is a four-year plan, and the proposal suggests that in the first two years (i.e., 164,250 epochs), the limit will gradually increase by a factor of ten, followed by one final tenfold adjustment. Theoretically, if the gas limit increases by 100 times, Ethereum's TPS is expected to rise to 2000 transactions. The proposal needs to be approved by client voting to be implemented.

PANews reported on April 28 that on-chain analyst @ai_9684xtpa monitored that the whale 2muGo...WsJTh withdrew 92,460 TRUMP from Binance 3 hours ago and currently holds 104,700 tokens, successfully ranking in the TRUMP dinner TOP 86.

The quantity of TRUMP holdings at the current dinner guest list TOP 220 addresses varies greatly, with the TOP 1 holding 1.226 million coins ($17.71 million) while the address with the least holds only 0.766 coins ($11).

Highlights of this issue

According to incomplete statistics from PANews, there were 14 financing events in the global blockchain last week (April 21-27); the total amount of funds exceeded $220 million, with inflow funds decreasing compared to the previous week, as follows:

In the DeFi sector, one financing event was announced, with the cryptocurrency staking protocol Symbiotic completing $29 million in Series A financing, led by Pantera Capital and Coinbase Ventures.

In the Web3 gaming sector, one financing event was announced, with MagicBlock completing $7.5 million in seed round financing, led by Lightspeed Faction.

In the Web3+AI sector, one financing event was announced, with the decentralized AI startup Nous Research completing $50 million in Series A financing, led by Paradigm.

Binance will conduct wallet maintenance on the Ethereum network on April 30, expected to take 1 hour.

According to the official announcement, Binance will conduct wallet maintenance on the Ethereum network (ETH) at 3:00 PM (UTC+8) on April 30, 2025. To support this maintenance, Binance will suspend Ethereum network (ETH) deposit and withdrawal services at 2:55 PM (UTC+8) on April 30, 2025. The maintenance is expected to take 1 hour, and deposit and withdrawal services will automatically resume once maintenance is completed.

Ethereum community members proposed a new fee structure for the application layer.

According to Cointelegraph, Ethereum community members Kevin Owocki and Devansh Mehta proposed a dynamic fee structure for the Ethereum application layer on April 27 to balance revenue generation for application developers and fairness in fee extraction. The proposal uses a square root function to calculate the fee ratio, charging a higher percentage for smaller fund pools, with a fee cap of 1% for amounts exceeding $10 million, to support application developers and encourage project growth. The proposal by Owocki and Mehta reflects a growing call for reforming the fee structure and value accumulation mechanism to maintain Ethereum's economic viability relative to competing networks.

PANews April 28 news, according to Lookonchain monitoring, a giant whale created a new wallet and deposited 1.33 million USDC into the HyperLiquid platform to short the TRUMP token. The entry price was $14.787, and the liquidation price was $21.538.

PANews April 28 news, according to on-chain analyst @ai_9684xtpa monitoring, Lorenzo Protocol associated address 3E92s...1J7ckq deposited a total of 560 BTC to Binance and OKX nine hours ago, and if sold, it will profit 11.86 million USD.

These BTC were withdrawn from the exchange at an average price of 72,835 USD during the period from October 15, 2024 to November 29, 2024, and last year's BTC price ATH had a floating profit of up to 18.65 million USD.