BlackRock’s iShares Bitcoin Trust (IBIT) experienced a substantial $970 million inflow on April 28th, its second-largest single-day intake since its January 2024 launch. This surge brought IBIT’s assets under management to over $56 billion, giving it control of more than 3% of the total Bitcoin supply. The article highlights the significant growth and market impact of this Bitcoin ETF.
A wallet associated with the official Donald Trump memecoin project has moved approximately $20 million worth of TRUMP tokens to major cryptocurrency exchanges. On-chain analysis indicates that the wallet transferred 1.346 million TRUMP tokens, potentially impacting the token’s price as it happened amid a trading frenzy. This action has drawn attention to the project’s token holdings and their market activity.
P2P.org, a major validator and staking provider, has been elected as a Super Representative (SR) on the TRON network. This integration supports TRON’s goal of internet decentralization by strengthening its infrastructure. The partnership allows P2P.org to expand its validation services.
Corporate Bitcoin holdings experienced a significant surge in April 2025, with firms globally adding nearly 100,000 BTC, bringing total corporate reserves to approximately 750,000 BTC. This data, sourced from Bitwise and Bitcoin Treasuries, indicates a strong institutional interest. Strategy (formerly MicroStrategy) was a major contributor, accounting for around 26.3% of the monthly increase by adding 25,370 BTC to their holdings.
Ethereum developers have decided to remove the EVM Object Format (EOF) from the Fusaka network upgrade. This decision was made after community pushback and concerns regarding technical uncertainties. Tim Beiko, a lead at the Ethereum Foundation, confirmed the removal during a recent developers’ meeting. The change reflects the influence of community sentiment on development decisions within the Ethereum ecosystem.
Bitcoin’s estimated leverage ratio (ELR) surged to its highest level since January 2023 on April 25th. This indicates that traders are using larger positions relative to their margin, potentially increasing the risk of liquidations. The ELR is calculated by dividing open interest by the number of coins on derivative exchanges. A rising ELR suggests elevated risk within the Bitcoin market.
FTX, the bankrupt crypto exchange, is pursuing legal action against NFT marketplace NFT Star and AI platform Delysium to recover assets for its creditors. The lawsuits allege the companies failed to deliver tokens purchased under Simple Agreements for Future Tokens (SAFTs), a common fundraising mechanism in the crypto space. This is part of FTX’s broader effort to recoup funds following its collapse and return value to those impacted.
1inch, a decentralized exchange aggregator, has launched on the Solana blockchain. This integration, announced at TOKEN2049 Dubai, allows users to perform on-chain swaps through the 1inch dApp and access six APIs. The move marks 1inch’s first major deployment of its Fusion protocol on Solana, paving the way for potential cross-chain swaps between Solana and other networks. The article highlights Solana’s significantly higher transaction processing compared to Ethereum, despite similar trading volumes.
Cryptocurrency exchange BitMEX has announced the introduction of commission-free Bitcoin spot trading. This promotion will remain in effect until the price of Bitcoin hits $100,000. The move aims to attract more users to the platform and increase trading activity within the Bitcoin market.
Gitcoin, a prominent Ethereum-based platform, is restructuring due to financial constraints and evolving Web3 landscapes. The platform is set to shut down its software division, Gitcoin Labs, by May 31, 2025. This decision reflects a strategic shift towards prioritizing its grants program, a move driven by profitability challenges and personnel changes. The specific reasons behind the restructuring, alongside the shifting focus, highlight the dynamic nature of the web3 space.