Summary
gm, Strategy, formerly known as MicroStrategy, acquired 3,459 Bitcoin for approximately $285 million, bringing its total holdings to 531,644 BTC. This move comes as Bitcoin's price hovers around $85,000, demonstrating stability despite recent trade war concerns and tariff discussions. Meanwhile, Circle's Euro Coin (EURC) has experienced substantial growth, with its market cap increasing by 136% year-to-date, reflecting growing interest in euro-denominated digital assets amidst dollar uncertainties. Additionally, the SEC has delayed decisions on key features for spot crypto ETFs, including staking proposals for Grayscale's Ethereum Trusts, signaling ongoing regulatory scrutiny in the evolving cryptocurrency landscape.

News Headlines
šŸ¦ Kraken Launches Stock and ETF Trading

  • Kraken initiated commission-free trading for over 11,000 stocks and ETFs in select U.S. states.
  • The move aims to provide 24/7 global access to various financial products alongside existing cryptocurrency offerings.

šŸš« South Korea Blocks Apps of Crypto Exchanges on Apple, Google Stores

  • South Korea removed 14 crypto exchange apps from Apple's App Store and 17 from Google Play, including KuCoin and MEXC.
  • Action taken against unregistered foreign operators failing to comply with local regulations.

šŸ’» Google to Restrict Crypto Ads in EU to MiCA-Licensed Firms

  • Google will limit cryptocurrency advertising across the EU to only MiCA-licensed companies.
  • Move aligns with EU's increased focus on regulating the crypto industry and aims to enhance consumer protection.

šŸ’¼ Xapo Bank Sees Bitcoin Trading Surge as Wealthy Investors Bought the Dip

  • Xapo Bank reported 14.2% growth in Bitcoin trading volume during Q1 2025.
  • High-net-worth investors demonstrated confidence in Bitcoin's long-term potential despite market volatility.

šŸŒŠ Tether Partners with OCEAN Mining Pool to Decentralize Bitcoin Block-Building

  • Tether will direct its Bitcoin hash rate to OCEAN's mining pool to enhance Bitcoin's network decentralization.
  • OCEAN protocol aims to counteract mining pool centralization by allowing miners to create block templates through its open-source DATUM protocol.

Market Metrics

Fundraising & VC
1. Toji (Accelerator, $500K) - Video platform on Solana
2. Polyverse (Public Token Sale, $250K) - Multi-chain web-based gaming ecosystem

On-chain Data
1. Sei Network (SEI) token unlocked today ($39.65M, 4.5%)
2. Arbitrum (ARB) token unlock in 1 day ($27.13M, 2.01%)
3. Parcl (PRCL) token unlock in 1 day ($8.94M, 59.47%)
4. Vana (vana) token unlock in 1 day ($6.51M, 4.03%)
5. ApeCoin (APE) token unlock in 2 days ($6.58M, 1.95%)

Regulatory
šŸ’¼ Canada to Launch First Spot Solana ETFs with Staking

  • Canada approves world's first spot Solana ETFs with staking capabilities for four asset managers.
  • The ETFs will invest in physical Solana holdings and engage in staking, potentially offering higher yields than Ether staking.

šŸ›ļø Trump's SEC Ends Crypto Lawsuits and Investigations

  • SEC halts lawsuits and investigations against major crypto companies like Binance, Coinbase, and Uniswap Labs.
  • This shift signals a less confrontational regulatory approach, aiming to foster innovation in the crypto sector.

šŸŒ Trade Wars Could Spur Government Adoption of Web3

  • Escalating trade tensions open new applications for blockchain technology in supply chain transparency.
  • Blockchain could ensure fair application of tariffs by recording transactions on an immutable ledger.

šŸ’° US Explores Funding Options for Strategic Bitcoin Reserve

  • White House crypto council considers various methods to fund the Strategic Bitcoin Reserve without using taxpayer dollars.
  • Options include using tariff revenue and revaluing government gold certificates to generate funds for Bitcoin purchases.

šŸ”’ Phantom Wallet Sued Over $500K Meme Coin Theft

  • Phantom Technologies faces lawsuit over alleged security vulnerabilities leading to $500,000 theft of Wiener Doge tokens.
  • Plaintiffs seek $3.1 million in damages, claiming violation of the Commodity Exchange Act.

Technical Analysis
Bitcoin - Bitcoin has broken through the ceiling of a falling trend channel in the short term. This indicates a slower falling rate initially, or the start of a more horizontal development. The currency is between support at points 84000 and resistance at points 87300. A definitive break through of one of these levels predicts the new direction. The currency is assessed as technically slightly negative for the short term.

Ethereum - Investors have accepted lower prices over time to get out of Ethereum and the currency is in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Ethereum. The currency has support at points 1420 and resistance at points 1860. The currency is assessed as technically negative for the short term.

Governance & Code
šŸ“ Paraswap DAO | Refunds Distribution for Epoch 28 on OP Mainnet (Active Vote)
- This proposal seeks to execute a test rewards distribution of 37,340.93 ETH for Epoch 28 on OP mainnet, targeting users staking sePSP1 and sePSP2. 

šŸ¦‹ Morpho DAO | Plume - Morpho Coincentives Proposal (Preliminary Discussion)
- This proposal requests $500,000 in matching incentives from Morpho to deploy Morpho on Plume mainnet, pending milestones reached. 

āš™ļø Frax DAO | 2-Year Hold on Funding AI-Agents Directly (Preliminary Discussion)
- This proposal seeks to stop direct funding for AI agent deployment on Fraxtal for two years, citing "prioritization concerns."