Summary
gm, LayerZero's native token (ZRO) experienced a 10% surge following Andreessen Horowitz's (a16z) $55 million investment, highlighting growing interest in interoperability solutions. Solana (SOL) reached its highest price this month, trading at nearly $136, boosted by the launch of multiple Solana ETFs in Canada and infrastructure upgrades at Coinbase. Meanwhile, the crypto exchange eXch announced its shutdown amid allegations of involvement in laundering funds from a major Bybit hack, underscoring ongoing security concerns in the industry. These events reflect the dynamic nature of the crypto market, with institutional investments driving growth in some areas while regulatory and security challenges persist in others.

News Headlines
🌐 HashKey takes aim at XRP ETF in Asia with new fund backed by Ripple

  • HashKey Capital has launched Asia's first XRP Tracker Fund with early investment from Ripple, with plans to convert it into an exchange-traded fund (ETF).
  • The fund aims to track the performance of XRP and seeks to attract more institutional capital into regulated XRP products and the broader digital asset ecosystem.

🏛️ Kraken Reorganizes Staff as Company Preps for Wall Street Debut

  • Kraken has restructured its staff in anticipation of its initial public offering planned for next year, leading to layoffs and team consolidations.
  • The company has appointed Arjun Sethi as co-CEO alongside David Ripley, aiming to streamline operations and eliminate unnecessary organizational layers.

💰 Bitcoin whales absorb 300% of newly mined BTC supply — Is $100K next?

  • Bitcoin whales are currently absorbing over 300% of the newly mined BTC supply, with larger holders accumulating at unprecedented rates.
  • Recent technical analysis indicates that Bitcoin has broken out of a falling wedge pattern, suggesting a potential price surge towards $100,000 by May.

🔍 Quantum computers likely to reveal if Satoshi is alive — Adam Back

  • Adam Back predicts that as quantum technology develops, Bitcoin holders must transition to new quantum-resistant signature addresses to safeguard their assets.
  • If a significant quantum threat materializes within the next twenty years, the Bitcoin community will face a crucial decision: either allowing potential thefts or transitioning to updated signatures.

🏦 Crypto Exchange Kraken Launches FX Perpetual Futures

  • Kraken has introduced FX perpetual futures, allowing 24/7 trading for major forex pairs, specifically EUR/USD and GBP/USD.
  • This launch expands Kraken's offerings into traditional financial markets and is aimed at institutional and professional traders seeking deeper exposure to fiat currencies via a crypto-native platform.

Market Metrics

Fundraising & VC
No fundraising data today.

On-chain Data
1. Safe (SAFE) token unlock in 1 day ($4.64M, 1.98%)
2. Space ID (ID) token unlock in 3 days ($2.28M, 1.28%)
3. MANTRA DAO (OM) token unlock in 4 days ($10.64M, 1.73%)
4. Renzo (REZ) token unlock in 4 days ($8.71M, 30.05%)

Regulatory
🏛️ SEC Approves Spot Bitcoin ETFs, Paving Way for Altcoin Funds

  • The SEC has approved spot Bitcoin ETFs, marking a significant milestone for crypto adoption in traditional finance.
  • This decision has opened the door for similar ETF products tracking other cryptocurrencies, with firms now filing for Tron, XRP, and Solana ETFs.

💼 Trump Threatens to Fire Fed Chair Powell, Sparking Market Concerns

  • President Trump's threats to dismiss Federal Reserve Chair Jerome Powell have raised concerns about market stability and Fed independence.
  • Analysts warn this unprecedented action could destabilize traditional markets and potentially boost Bitcoin's appeal as an alternative store of value.

🚨 Chinese Networks Fueling Global Crypto Crime, Report Finds

  • A TRM Labs report reveals that criminal organizations, including North Korean hackers and Mexican cartels, rely heavily on Chinese underground banking networks for crypto money laundering.
  • The report highlights the need for a coordinated response to target these networks comprehensively.

⚖️ Oregon Targets Coinbase with Securities Lawsuit

  • Oregon's Attorney General plans to sue Coinbase for allegedly selling unregistered securities to residents.
  • This action comes after the SEC dropped its federal case against the company, highlighting ongoing state-level regulatory challenges.

🌐 DeFi Education Fund Advocates for SEC 'Safe Harbor'

  • The DeFi Education Fund has called on the SEC to implement a 'safe harbor' for token issuers during network development.
  • This proposal aims to protect token purchasers while preserving anti-fraud provisions of securities laws.

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 is testing resistance at points 1640. This could give a negative reaction, but an upward breakthrough of points 1640 means a positive signal. The currency is assessed as technically negative for the short term.

Governance & Code
⚙️ Frax DAO | Proposal to Fund Deployment of a Frax Protocol Tokenized On-Chain AI Agent
- This proposal requests 19,000 FXS to fund the deployment of a Frax Protocol AI Agent on the Agent Tokenization Platform (ATP) by IQ.

💰 Treasure DAO | Temporary Authority for PoL Management and Chain Wind-Down (TIP 52)
- This proposal seeks to grant the TreasureDAO core contributor team authority to wind down and shut down Treasure Chain infrastructure on ZKsync and manage the primary MAGIC/ETH POL pool.