Hi there! I’m a coin_mining12 exploring the global stage of cryptocurrency. My goal is to provide essential information and trends in a way that’s easy and f
The altcoin index has reached levels close to the peak of the previous cycle.
In the last cycle, the altcoin season lasted approximately 88 days. However, this time, only about five days have passed so far.
If the market follows a similar pattern to the past, it could be a favorable time to expect rotational pumping of altcoins from now on.
That said, the cryptocurrency market cycles are gradually changing over time. Therefore, there is also a strong possibility that we might see different movements compared to the past.
Arizona Pushes to Become First State with a Bitcoin Reserve
Arizona is on track to pass SB 1025, a bill allowing the state to allocate up to 10% of public funds annually into Bitcoin as a hedge against inflation and macroeconomic risks. The legislation has cleared both chambers and now awaits Governor Katie Hobbs’ signature.
While the governor has threatened a blanket veto due to unrelated policy disputes, pressure is mounting from crypto advocates urging swift approval.
Arizona would be the first U.S. state to hold Bitcoin in its treasury.
The move reflects growing institutional trust in BTC as a strategic asset.
If passed, this could set a precedent for other states.
Arizona’s decision may signal a new era of state-level crypto adoption, with Bitcoin viewed not just as a speculative asset, but as a tool for financial sovereignty. $BTC $ETH
Bitcoin Market Set to Reach $200 Trillion, According to Experts
Bitcoin's market cap is currently around $1.867 trillion, with predictions suggesting it could grow to $100-$200 trillion, pushing Bitcoin’s price per unit near $10 million. Adam Back, CEO of Blockstream, highlighted how companies like MicroStrategy are leveraging the gap between current and future value to make sustainable, scalable transactions.
This growth is aligned with the concept of Hyperbitcoinization, where $BTC becomes the world's reserve currency, driven by increasing distrust in traditional financial systems and inflation vulnerability. Back also noted that Bitcoin's price historically outperforms inflation and interest rates every 4 years, fueling this trend.
Global companies are actively acquiring Bitcoin, with MicroStrategy earning $5.1 billion this year and MetaPlanet, a Japanese investment firm, holding 5,000 BTC. U.S. banks are also accelerating their Bitcoin adoption.
SUI Gains Attention as a Strong Competitor to Solana
Raoul Pal, CEO of Real Vision, recently expressed a preference for $SUI over $SOL . He shared his comparison of SUI and Solana’s price movements, stating that SUI is on the brink of breaking through major resistance. SUI saw a 65% increase in value in the past week, outperforming Solana’s 8% rise.
Experts are also optimistic about SUI, with prominent trader Michaël van de Poppe highlighting its rapid adoption in decentralized finance (DeFi), noting that SUI is already handling 10% of DeFi's total value locked (TVL).
SUI’s decentralized exchange (DEX) volume recently surged 38.5%, reaching $2.77 billion, signaling increased user trust and developer interest. Asset manager VanEck predicts SUI could increase by 358% in value, forecasting a continued bullish trend throughout 2025.
As US-China trade tensions show signs of easing and ETF inflows continue, the cryptocurrency market maintains its bullish trend.
Bitcoin (BTC) rose 1.56%, reaching $94,939.69 at its peak, but slightly dropped afterward.
Ethereum (ETH) saw a 2.09% increase, hitting $1,800.05, breaking free from previous stagnation.
Among the top 10 altcoins, BNB, Solana (SOL), and Dogecoin (DOGE) saw price increases, while XRP, Cardano (ADA), and Tron (TRX) declined.
US-China Developments President Donald Trump shared in interviews that he had several conversations with Chinese President, although China denied this claim.
In a positive trade move, China quietly removed the 125% tariff on US semiconductor integrated circuit products.
ETF Inflows Driving Market Bullishness Bitcoin spot ETFs saw a $442 million inflow on April 25, marking five consecutive days of inflows.
Ethereum ETFs experienced a $63.49 million inflow, reversing the previous day’s downturn.
This easing of trade tensions and continuous ETF fund inflows are propelling Bitcoin and the broader cryptocurrency market into a strong uptrend.
President Donald Trump has shown signs of reducing tariffs on China, signaling a softer approach. In response, China has already withdrawn or is considering the withdrawal of 125% additional tariffs on some U.S. goods, according to reports from CNN and local Chinese media, cited by Yonhap News.
China has recently lifted tariffs on 8 types of U.S. semiconductors, excluding memory chips.
This move aligns with Trump's gestures toward tariff reductions, signaling potential easing in trade tensions between the two nations.
This development is seen as a positive sign for global trade, with the possibility of improved U.S.-China relations moving forward.
Record Inflows into Bitcoin Spot ETFs Following Market Volatility April 22 saw nearly $1 billion flow into Bitcoin spot ETFs, according to Bloomberg Intelligence data. This surge in capital is part of a broader trend, with leveraged long ETFs and those holding safe assets like cash and gold also seeing record inflows.
Leveraged long ETFs and cash & gold ETFs have experienced significant fund inflows, driven by investors utilizing two strategies: investing in falling prices or hedging risk.
Eric Balchunas, Bloomberg Intelligence analyst, highlighted this trend, noting that these strategies are actively being executed amidst market uncertainty.
The fund inflow spike followed Trump's tariff announcement on April 2, which triggered significant market volatility. While the S&P 500 dropped by about 5%, Bitcoin showed resilience, recovering without major losses.
On April 22, Bitcoin's spot price reached $90,000 for the first time in six weeks, sparking the $1 billion inflow into $BTC ETFs. As of April 23, Bitcoin traded above $93,000.
This signals growing institutional confidence and investor interest in Bitcoin, despite broader market challenges.
Ripple Launches RLUSD Stablecoin, Surprising DeFi Users with Ethereum Integration Ripple has launched its RLUSD stablecoin, entering the DeFi market, but recent data revealed that about 70% of RLUSD's total supply was issued on the Ethereum blockchain, surprising many users.
The total supply of RLUSD is approximately 294 million tokens. Of this, 32% (or 94.4 million tokens) were issued on $XRP Ledger (XRPL), while the remaining 68% (or 199.6 million tokens) were issued on Ethereum.
$ETH is the dominant blockchain for stablecoins, offering integration with popular DeFi platforms like Uniswap, Aave, and Curve.
Ripple’s decision to issue RLUSD on Ethereum enables immediate access to existing DeFi ecosystems, boosting RLUSD’s utility.
Ripple is prioritizing a multi-chain ecosystem, aiming to expand RLUSD’s presence across various blockchains to compete with existing stablecoins in the market and build trust among DeFi users.
RLUSD’s success will depend on user adoption, integration with DeFi protocols, and regulatory clarity.
Ripple envisions RLUSD’s multi-chain potential, ensuring it plays a central role in future blockchain ecosystems, not limited to XRP Ledger alone.
ARK Invest Purchases Solana ($SOL ) Native Tokens, Gaining Attention in the Crypto Market ARK Invest has made a notable move by purchasing Solana (SOL) native tokens, signaling increased institutional adoption of cryptocurrencies. This investment is seen as a symbolic shift toward blockchain assets beyond just Bitcoin and Ethereum.
ARK Invest acquired SOL through the SOLQ ETF, a staking fund launched in Canada, marking the first time SOL was included in ARK’s U.S.-based ETFs, ARKF and ARKW.
The move indicates a shift in ARK’s investment strategy, now focusing on Proof of Stake (PoS) assets like Solana, expanding beyond their traditional Bitcoin and Ethereum-heavy approach.
This action could encourage other U.S. funds to follow suit, especially as the SEC signals a potential regulatory easing on cryptocurrency ETFs. While SEC has yet to approve a U.S.-based Solana ETF, SOLQ presents a promising alternative.
Solana’s appeal is supported by 40% annual developer growth, fast transaction speeds, and lower fees compared to Ethereum. SOL's price recently surged by 29.5% in the past two weeks, reflecting growing market interest.
Despite a limited immediate price impact, ARK Invest’s commitment to Solana demonstrates confidence in its long-term value, challenging the notion that SOL is merely a speculative asset. Cathie Wood highlighted Solana as a faster and more efficient network, signaling her trust in its future potential.
MicroStrategy’s Bitcoin Investment Yields Over 25% Returns MicroStrategy (MSTR) has generated over 25% returns from its Bitcoin (BTC) investments, with a paper profit of around $9 billion, according to SaylorTracker data.
Michael Saylor, co-founder of MicroStrategy, indicated the possibility of further Bitcoin purchases.
As of Q1 2025, 13,000+ institutions and 814,000 individual accounts hold MSTR directly, while 55 million individuals gain indirect exposure via ETFs, mutual funds, and pension portfolios.
Bitcoin Purchases Funded via Bonds and Stock Issuance MicroStrategy funds its Bitcoin acquisitions through corporate bonds and stock issuance, providing investors indirect access to Bitcoin while channeling traditional market capital into the Bitcoin market.
NASDAQ 100 inclusion by December 2024 is expected to boost capital inflows.
Julian Parra, a Bitcoin analyst, noted that 12 U.S. states (including California, Florida, and Texas) are exposed to MicroStrategy’s Bitcoin investments.
Eric Balchunas, Bloomberg ETF analyst, emphasized that institutional Bitcoin ETF flows have contributed to price stability, with $2.4 billion flowing into Bitcoin ETFs in 2024.
MicroStrategy’s strategy is driving institutional exposure to Bitcoin while increasing the stability of Bitcoin’s price through these market mechanisms.
Binance CEO CZ Announces Simplification of $BNB Staking Ecosystem
Changpeng Zhao (CZ), founder of Binance, recently unveiled plans to simplify the BNB staking ecosystem, which is expected to have a positive impact on BNB’s price.
BNB staking ecosystem has become overly complex, with multiple derivative tokens such as asBNB, slisBNB, and clisBNB. CZ’s plan aims to integrate these tokens into a single system.
The new system will reduce fragmentation in the reward structure, increase liquidity, and make it easier for users to participate in staking.
Experts believe that these changes will enhance the interoperability of the Binance ecosystem and drive BNB price growth.
Analysts, including Castillo Trading and Mr. Crypto, predict that BNB could reach $630 due to the formation of a rising triangle pattern on its chart.
These changes signal a potential bullish trend for BNB, benefiting both the Binance ecosystem and the broader market. $BTC $XRP
Solana dApps Outperform Competitors with Record Revenue Solana-based dApps generated $2.8 billion in revenue over the past 12 months, surpassing the combined revenue of all other blockchain-based dApps by 47%, according to a report by Syndica.
Key Insights Solana dApp revenue began outperforming competitors in October 2023, and the gap continues to widen.
Low fees and a user-centric experience have made Solana appealing to both users and developers, leading to higher engagement.
However, the revenue is primarily driven by crypto trading apps, which adds volatility to the numbers.
Notable dApp Performers Top earners include exchanges, wallets, and trading platforms.
Pump.fun, a meme coin launchpad, generated $31 million in revenue in March, competing with Axiom in the meme coin dApp market.
January saw a peak of $710 million, but March saw a sharp drop to $146 million.
This performance highlights Solana’s strong ecosystem but also reflects the volatile nature of crypto-driven applications.
Binance Dominates CEX Market Despite Competition TokenInsight’s exchange market analysis report shows Binance continues to dominate the centralized exchange (CEX) market, holding over one-third of total CEX trading despite competition from platforms like MEXC and Bitget.
Q4 2024: Binance recorded $9.95 trillion in trading volume, maintaining its market leadership.
Bitcoin Dominates Market Share, Ethereum Hits Record Low
Bitcoin’smarket share has surpassed 63%, increasing by 4.6 percentage points in Q1 2024, showing its increasing dominance as investors flock to it as a stable asset.
$ETH market share has dropped to 7.2% as of April, approaching its all-time low of 7.09% in September 2019.
Contributing factors include low institutional demand, ETF fund outflows, and the rise of competing Layer-1 blockchains.
Total Value Locked (TVL) Trends Ethereum's TVL share fell from 61.2% in February 2024 to 51.7%.
XRP saw a 200% increase in TVL share, driven by expectations around its SEC lawsuit settlement.
$BNB and Solana ($SOL ) also experienced significant growth, with BNB up 40% and SOL up 172%.
This data highlights the growing shift towards Bitcoin and the challenges faced by Ethereum in maintaining its dominance in the digital asset market.
3iQ Corp. Launches Solana Staking ETF (SOLQ) on Toronto Stock Exchange 3iQ Corp. has announced the launch of the Solana Staking ETF (SOLQ), set to list on the Toronto Stock Exchange (TSX) at 9:30 AM EST on November 1. This marks the first North American ETF to integrate Solana native staking rewards in a regulated exchange-listed product.
Key Features of SOLQ SOLQ offers investors access to Solana native staking rewards without the need for direct interaction with the asset custody or protocol.
Previously, Solana staking rewards were limited to cryptocurrency users only.
Figment has been selected as the primary staking provider for the ETF, leveraging their strong infrastructure and track record in the Solana ecosystem.
Figment's Role Figment has been a key validator in the Solana ecosystem, with over $15 billion in assets staked across 40+ protocols.
CEO Lorien Gabel stated that combining institutional-grade staking infrastructure with traditional investment products provides sustainable staking returns for a new wave of investors.
Previous Milestones by 3iQ 3iQ launched the world’s first Ethereum staking ETF in 2023 and also introduced the first Bitcoin ETF (BTCQ) on global exchanges.
This launch reflects 3iQ’s commitment to innovation and strengthening collaborations within the digital asset ecosystem.
Ethereum dApps Lead in Fee Revenue, Dominating Competitors In Q1 2025, Ethereum's dApps generated $1.014 billion in fee revenue, outperforming competitors by a large margin, according to Bitcoin.com.
Fee Revenue Breakdown Ethereum led with $1.014 billion in fees.
Base (Coinbase’s Layer-2 chain) followed with $193 million.
Other competitors:
BNB Chain: $170 million
Arbitrum: $73.8 million
Avalanche C-Chain: $27.68 million
Ethereum's Dominance Ethereum continues to lead the DeFi and Web3 space in user engagement and transaction activity.
Despite growth from Layer-2 and alternative chains, Ethereum’s stable infrastructure and robust developer ecosystem remain key to its continued market dominance.
This reinforces Ethereum's position as the leading blockchain platform in the ecosystem.
Mantra Chain clarified on X (formerly Twitter) on April 14 that the price crash of Mantra (OM) was not related to their project.
The team stated that the incident was caused by reckless liquidations, not any actions by Mantra.
They emphasized, “This was not the fault of our team” and assured the community that an investigation is underway.
Mantra Chain promised to provide further details as soon as possible, and users are awaiting additional updates to understand the cause of the incident.
Binance Seeks to Lift AML Monitoring and Partners with Trump Family's Crypto Project
Binance has requested the U.S. Treasury to end its AML monitoring, following a $4.3B fine for violations in 2023.
The exchange is also in talks with Trump family’s World Liberty Financial to list their upcoming USD1 stablecoin on Binance’s BNB blockchain.
Binance aims to re-enter the U.S. market through these collaborations.
Political Concerns Changpeng Zhao (Binance CEO) and the Trump family have connections raising concerns about political influence and regulatory leniency.
Justin Sun (Tron founder) is also involved with World Liberty Financial, with discussions about SEC’s case against him.
SEC Issues New Disclosure Guidance for Crypto Companies The U.S. SEC has recommended that crypto companies provide detailed disclosures if their tokens might be considered securities.
Key Points The SEC emphasized clarity on how a company's operations and token roles are defined.
While the SEC did not specify which crypto tokens are securities, the guidance aims to clarify how federal securities laws apply to digital assets.
Disclosure recommendations include details on the business model, token purpose, and network technology stack.
No Legal Binding The guidance is non-binding and does not alter existing legal rules or require new regulations.
It is part of ongoing efforts to define SEC jurisdiction over the crypto industry.
This move continues the SEC’s work to define clearer regulatory frameworks for the evolving crypto market.
Bitcoin and Altcoins Surge Following Trump’s Tariff Announcement
After Trump's decision to delay tariffs on some countries for 90 days, Bitcoin (BTC) surged by 8.4% to $83,321, while Ethereum (ETH) rose 14%, and XRP increased by 15%.
China's tariffs were increased to 125%, but tariffs on other countries were delayed for 90 days.
The announcement sparked a rally in digital assets, with Bitcoin maintaining a falling wedge pattern and continuing to rise.
Bitcoin Price Outlook Current Support Levels: Bitcoin is testing the $65,000–$71,000 range.
Bullish Scenario: If Bitcoin breaks the falling wedge upper boundary, it could reach $100K.
Bearish Risk: Failure to break through could lead to a downturn.
On-Chain Data: A successful rebound could significantly increase the likelihood of Bitcoin reaching $100K.