Day: April 28, 2025

US Bitcoin reserves down 12% in 9 months.

Key Notes The US and China cut down on their BTC reserves. Bhutan increased its Bitcoin stockpile through mining. BTC could reach an all-time high in May. With the tremendous growth in the crypto space, governments have started seeing the need to participate in the ecosystem. Some governments, including the United States and China, hold Bitcoin BTC $94 807 24h volatility: 0.6% Market cap: $1.88 T Vol. 24h: $19.19 B reserves. Governments tend to get BTC from donations, seizures from criminals, buying on the open market, and owning mining farms.…

PENGU rallies with strong NFT sales – new ATH soon?

Key Notes PENGU reached a local high of $0.0141 earlier today. Pudgy Penguins NFT collection saw a 300% rise in sales volume. Analyst expects a pullback to key support levels before another breakout. Pudgy Penguins, a popular non-fungible token collection of 8,888 penguins, started to gain momentum as World Penguin Day, April 25, came closer. The NFT collection, featuring flightless birds, recorded a spike in sales as the leading firms in the industry, CoinGecko, VanEck, Uniswap, MetaMask, and Phantom, shared their penguin-styled collectibles on X on World Penguin Day. A…

ZachXBT flags suspicious $330M Bitcoin transfer triggering Monero surge

Onchain sleuth ZachXBT has flagged a suspicious transfer involving 3,520 Bitcoin (BTC) (valued at $330.7 million) that may indicate a major theft. The transaction, reported on April 28, saw funds moved from a potential victim’s wallet to the address bc1qcry…vz55g. Following the transfer, the stolen stash was quickly laundered through over six instant exchanges and swapped into privacy-focused cryptocurrency Monero (XMR). The large-scale conversion led to a sharp 50% spike in XMR’s price, with the token reaching an intraday high of $339, according to data from CoinMarketCap. Source: ZachXBT At…

Bitcoin Core Developer: Erosion of Security Budget May Undermine Bitcoin’s Monetary Fundamentals

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James O’Beirne, a Bitcoin Core developer, has raised concerns about the state of Bitcoin’s security budget and how its ongoing erosion might jeopardize what he refers to as ‘property rights.’ O’Beirne emphasized that there is little time to address this issue. Bitcoin Core Developer James O’Beirne Warns About Possible Erosion of Bitcoin ‘Property Rights’ as […] Original

Grayscale presses SEC on ETH ETF staking as Ethereum targets $2K

Key Notes Grayscale is pushing the SEC to allow ETH staking, unlocking millions in missed rewards. Massive ETH inflows into exchange Binance sparked fears of a new wave of selling pressure. ETH could target $2,000 in the near future as Buterin unveiled massive upgrades for ETH. The representatives from Grayscale Investments met with the US Securities and Exchange Commission’s (SEC) Crypto Task Force on April 21 to advocate for allowing staking within Ethereum exchange-traded products (ETPs). Grayscale proposed amendments to its Form 19b-4 filings for both the Grayscale Ethereum Trust…

XRP Headed For $1,000 – CryptoGuard Exec Drops Bold Prediction

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CryptoGuard Chief Operating Officer Matthew Brienen is demonstrating considerable confidence in XRP. Speaking during the first episode of the “Ask Matty Show,” Brienen explained that he is convinced that XRP is likely to surge to a high of $1,000. His remarks occur at a time when the altcoin remains the world’s fourth-largest cryptocurrency by market capitalization. Brienen further divulged that half of his private crypto collection is XRP. Although he refused to cite the precise quantity of tokens in his ownership, he declared that he started buying the altcoin incrementally…

Beyond tariffs and chaos — blockchain emerges as the backbone of a parallel economy

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Opinion by: Ross Shemeliak, co-founder and chief operating officer of Stobox The Trump administration is pushing a much-revived policy trajectory, marked by tariffs and sanctions that aim to reshore production. Despite exemptions favorable to technology, this dramatic turnaround may seem like a case of the White House treating global trade as its playground. The president’s tariff agenda is fracturing supply chains overnight and disregarding long-standing economic rules. This latent, chaotic agenda also sees the quiet emergence of a new infrastructure in which blockchain is taking on a fresh role. Insofar…

Citi Projects Stablecoin Market at $1.6T to $3.7T by 2030, Highlights Blockchain’s Rise in Banking Sector

In its April 2025 Global Perspectives and Solutions report, Citi Institute underscores the growing adoption of blockchain technology by banks and the public sector, spotlighting stablecoins and system modernization. The report forecasts the stablecoin market could reach $1.6 trillion by 2030 in its base case, driven by regulatory clarity and US dollar demand, potentially spurring […] Source CryptoX Portal

Trump-Backed WLFI Partners with Binance’s CZ

Key Notes WLFI had a meeting with Changpeng Zhao, the former Binance CEO. The discussion focused on global adoption of cryptocurrency and setting new standards. Zhao disclosed that traditional media may spin negative stories from the meeting in Abu Dhabi. World Liberty Financial (WLFI), a Trump-backed crypto project, has disclosed that it was in talks with the former CEO of Binance, Changpeng Zhao (CZ). WLFI is a cryptocurrency project linked to the US President Donald Trump and his family, which promises to change the financial system by divesting power into…

CSPR Price Soars 60% as Casper 2.0 Launch Nears

Key Notes Casper (CSPR) jumped almost 60% in 24 hours, now trading at $0.016. The token secured the 192nd spot among the top 200 cryptocurrencies with a $211 million market cap. The rally comes as excitement builds for the Casper 2.0 launch set for May 6. Casper Network CSPR $0.0156 24h volatility: 52.7% Market cap: $202.70 M Vol. 24h: $130.87 M is witnessing a remarkable rally, trading at $0.016 after jumping nearly 60% in the last 24 hours. According to CoinMarketCap, the token’s trading volume surged by 2,500%, reaching $121…