1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -0.49%
ETH: 0.28%
BNB: -0.7%
SOL: -1.05%
DOGE: -2.19%
XRP: -2.25%
PEPE: -0.8%
PUNDIX: 32.47%
TRUMP: -10.82%
SUI: 3.56%
24 H increase list (data source: OKX):
LOOKS： 29.78%
PSTAKE: 21.51%
ICE: 15.57%
VRA: 8.87%
GODS: 8.5%
GOG: 7.11%
BONK: 4.82%
SPURS: 4.69%
DIA: 4.34%
CXT: 4.16%
2. Top 5 popular memes on the chain (data source: GMGN ):
PIPE
KMNO
POPCAT
Fartcoin
CACTUS
3. 24-hour hot search currencies
BONK: The newly launched platform Letsbonk.fun attracted attention. The platform generated nearly $800,000 in revenue in three days and used part of the fees to repurchase BONK tokens.
Headlines
On April 29, the British government released a draft consultation document on cryptocurrency legislation, planning to add new regulated activities, including operating crypto asset trading platforms and stablecoin issuance. In addition, the draft also covers regulatory frameworks such as market abuse, listing and disclosure systems. Although the relevant consultation was launched when the Conservative Party came to power in 2023, the Labour government said it would continue to advance the previous governments encryption plan. This move aims to regulate the cryptocurrency industry, protect the interests of investors and promote the healthy development of the market.
US Senators Introduce the American Blockchain Deployment Act of 2025
Official documents show that U.S. Senator Bernie Moreno proposed the American Blockchain Deployment Act of 2025 (S.1492) on April 10, which aims to require the Secretary of Commerce to support the United States global leadership in blockchain technology deployment, application and competitiveness. The bill has been submitted to the Senate Commerce, Science and Transportation Committee for deliberation.
According to Edaily, South Koreas ruling party, the Peoples Power Party, announced seven new policies to cultivate the digital asset ecosystem. It plans to open spot ETF transactions such as BTC within the year and abolish the 1 exchange-1 bank restriction to promote the entry of institutional funds. Other policies include introducing a stablecoin regulatory framework, promoting STO legislation, and formulating a basic law on digital assets. The party also plans to set up a special virtual asset committee directly under the presidential candidate to coordinate and promote related reforms.
Sebastian Bea, president of Coinbase Asset Management, recently said on The Scoop that if the U.S. government reassesses the gold-dollar exchange rate, it may accelerate its plans to buy Bitcoin. He pointed out that Bitcoin is shifting from a high-volatility technology asset to a gold-like value storage tool, a trend that has attracted more institutional attention and portfolio integration. Bea emphasized that the growing institutional interest in Bitcoin marks its maturity as an asset class.
Industry News
El Salvador Confirms It Will Continue to Build BTC Even After Signing IMF Agreement
According to Bloomberg, Salvadoran Economy Minister Maria Luisa Hayem said at the Web Summit event in Rio de Janeiro that the government will continue to buy BTC despite the fact that El Salvador has signed a loan agreement with the International Monetary Fund (IMF) that includes a clause to stop increasing its holdings of BTC. Hayem said in a live broadcast that President Bukele has promised to continue accumulating such assets. According to the Bitcoin Office of Salvador, the country has added 8 BTC in the past 7 days, and the current total national reserves are 6162.18.
BlackRock files for digital share class for its $150 billion money market fund
According to @AggrNews, asset management giant BlackRock has applied to establish a digital share class for one of its money market funds with a management scale of US$150 billion.
Trump Media Group to Launch Truth Social Utility Token
“As part of the rewards program, we are exploring the introduction of a utility token in the Truth digital wallet that could initially be used to pay for Truth+ subscriptions and could also be used for other products and services in the Truth ecosystem in the future,” Trump Media Technology Group said in a letter to shareholders. In January, the company launched its fintech brand Truth.Fi and previously filed a trademark application covering the service of “downloadable computer software used as a digital wallet.”
European digital bank Bunq launches cryptocurrency service powered by Kraken
European digital bank Bunq announced the launch of Bunq Crypto on April 29, allowing users to invest in more than 300 cryptocurrencies, including Bitcoin, Ethereum and Solana. The service will first be launched in the Netherlands, France, Spain, Ireland, Italy and Belgium, with technical support from Kraken. Bunq said: Our global users have long been looking forward to a simple, secure and direct way to invest in digital assets. Bunqs research pointed out that about 65% of European consumers want to manage banking, savings and cryptocurrency investments through a unified platform, and more than 50% of respondents want to get in touch with cryptocurrencies, but believe that existing platforms are difficult to meet their needs in terms of simplicity and security.
Project News
US SEC postpones approval of Franklin XRP spot ETF until June 17
According to official documents, the US SEC has postponed the approval of the Franklin XRP spot ETF until June 17.
US SEC postpones decision on Bitwise spot DOGE ETF application
According to official documents, the US SEC has postponed its decision on the Bitwise spot DOGE ETF application.
Base implements the first phase of Ethereum Rollup decentralization, launches fault proof mechanism and establishes a security committee. Base developers said the network has reached the first phase of Vitalik Buterins Rollup decentralization framework and has made progress in reducing dependence on centralized players.
The Base team said: Base has achieved the first phase of decentralization, a key milestone in building an open global on-chain economy. This goal was achieved by launching permissionless failure proofs and increasing the decentralization of the contract upgrade process through a security committee.
Base was launched in August 2023 and developed using Optimisms OP Stack package. It has now grown into the largest Layer 2 rollup by TVL on Ethereum. Previously, Base was classified as a Phase 0 Rollup, mainly because it still relied on a centralized sorter controlled by Coinbase and its mainnet lacked a fully operational permissionless fault proof.
Hyperliquid announces new fee system and staking tiers will go live on May 5
Hyperliquid officially announced that the new fee system and staking levels will be launched at approximately 03:00 (UTC) on May 5. The changes include:
1. Staking HYPE can reduce transaction fees;
2. Perpetual contracts and spot contracts will adopt different handling fee standards;
3. Spot trading volume is doubled when calculating the handling fee level.
The testnet now has the ability to link staking and trading accounts, allowing users to apply a staking discount from one account to another trading account. This feature is expected to be officially launched shortly after the new fee system and staking levels are launched.
ether.fi announced that it has launched a $40 million venture capital fund, ether.fi Ventures Fund I, to support fearless entrepreneurs who are redefining what’s possible in their industries.
In addition, the fund has now disclosed its first batch of investment projects, namely Resolv, Rise Chain, and Symbiotic.
Investment and Financing
Unto Labs, a crypto company founded by former Jump Crypto employees, has raised $14.4 million in funding led by Framework Ventures and Electric Capital, with a valuation of $140 million. Heeger is developing his own virtual machine, ThruVM, for the planned Unto blockchain, which will use RISC-V. Unto Labs will use this round of funding to recruit more employees, hoping to expand the team size from 5 to 10 by the end of the year.
Liam Heeger worked as a core engineer at Jump Crypto for two years, helping develop the company’s flagship product, Firedancer, a computer system connected to the Solana blockchain. In January, Heeger left to start his own business, and was immediately sued by his former employer, accusing him of creating a “competing business.” Now, after the two parties reached a settlement, Heeger announced his new project.
Camp Network Completes $25 Million Series A Funding, Led by 1kx and Blockchain Capital
Camp Network, a company that aims to use blockchain technology to solve rights protection issues in the field of artificial intelligence, has completed a $25 million Series A financing round, led by 1kx and Blockchain Capital, with participation from OKX, Lattice and Paper Ventures. This round of financing is equity financing, with token warrants, or promises of unissued cryptocurrencies, and is valued at $400 million.
Miden, a privacy blockchain project co-founded by former Meta engineer Bobbin Threadbare, recently announced the completion of a $25 million seed round of financing, led by a16zs crypto division, Hack VC and 1kx. Other investors include Finality Capital Partners, Symbolic Capital and well-known angel investors such as Aptos co-founder Avery Ching. The financing was in the form of equity and token warrants, and 10% of Midens future cryptocurrency will be allocated to Polygon token holders. Miden aims to maintain high performance and decentralization while protecting transaction privacy through zero-knowledge proof technology.
Regulatory trends
U.S. Treasury Secretary Bessant: Deregulation measures will begin to be implemented in the third and fourth quarters.
The Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) has granted in-principle approval to stablecoin issuer Circle to operate as a money services provider. The move follows Circle’s establishment of a new legal entity within ADGM in December 2024, in an effort to expand its global footprint in the Middle East and Africa region.
According to official news, the crypto company Gate Group announced that its subsidiary Gate Technology FZE (Gate Dubai) has obtained a VASP license under the supervision and regulation of Dubai VARA, and is allowed to provide crypto asset trading services to institutional investors, qualified investors and retail users. This important milestone marks another deepening and expansion of Gate Groups global compliance strategy.
Gate Group attaches great importance to compliance, and its multiple global entities have obtained or completed registration, licensing, authorization and approval from regulators in their respective jurisdictions, including Lithuania, Argentina, Malta, Italy, Bahamas, Gibraltar, Hong Kong, China and other countries and regions. Last year, Gate Group also completed the acquisition of Coin Master, a licensed exchange in Japan, further expanding its global compliance network. Dr. Han, founder and CEO of Gate Group, said that Gate Group has always adhered to the development strategy of compliance first, and obtaining VARAs full operating license is a key step for Gate Group to expand into the Middle East and global markets, and also confirms its long-term commitment to security, transparency, and user protection.
Character Voice
Fidelity: Multiple Ethereum on-chain indicators show that ETH is undervalued
Fidelity Digital Assets reported that multiple Ethereum on-chain indicators indicate that ETH is trading at an undervalued price. The report pointed out that the MVRV Z-Score fell to -0.18 on March 9, entering the undervalued zone, indicating that Ethereum looks cheap; NUPL also fell to 0, indicating that the market is in a state of capitulation. In addition, ETHs realized price is $2,020, 10% higher than the current price. The ETH/BTC market value ratio has fallen to mid-2020 levels. At the same time, Ethereum Layer-2 active addresses reached 13.6 million, a record high, indicating that its scalability and adoption continue to rise.
Trader Eugene: Negative news has limited impact on BTC, and the market structure is stable
Trader Eugene said in his community that despite a series of negative news in the market recently, including uncertainty in tariff negotiations, weakening purchasing power of MicroStrategy (MSTR) BTC, and escalating military conflicts between India and Pakistan, the price of BTC remained stable at a high of $95,000. This shows that the structural transformation of the market remains solid, and pullbacks become buying opportunities. The trader emphasized that in addition to mainstream currencies, he is currently most optimistic about SOL and XRP. Overall, although market sentiment is uneasy, it is still necessary to follow the trend.
