1. Trump's 100-Day Mark: Crypto Market Loses $537B in Value
According to CoinGecko, the total crypto market cap rebounded to $3.084 trillion on Trump’s 100th day in office, down $537B from his inauguration day ($3.621T). Bitcoin hit an all-time high of $109,588 on January 20 but has since corrected 13% to $95,006.07. Ethereum similarly dropped 47.8% from $3,453 to $1,799.61.
2. Bitcoin Exchange Supply Hits 7-Year Low
CryptoQuant reports BTC exchange reserves fell to 2.488M BTC, the lowest since October 2018. Despite this, CoinShares noted $3.2B inflows into Bitcoin funds last week, signaling renewed institutional accumulation. The "exchange whale ratio" dropped from 0.512 to 0.36, indicating heightened retail participation.
3. Bitcoin-Gold Correlation Rebounds Post-"Decoupling"
The Block highlights Bitcoin’s 30-day correlation with gold surged to 0.54 (near its 0.73 yearly peak) after a February "decoupling" (-0.67). Macro uncertainty from U.S. tariffs may drive this cyclical "recoupling," historically followed by correlations exceeding 0.8.
4. Cambridge: 52.4% of Bitcoin Mining Now Uses Sustainable Energy
A Cambridge University study reveals sustainable energy (nuclear + renewables) powers 52.4% of Bitcoin mining, up from 37.6% in 2022. Natural gas dominates (38.2%), replacing coal (8.9%). The network consumes 138 TWh annually (0.5% global total), emitting 39.8M tons CO2e.
5. ProShares XRP Futures ETF Launch Delayed Beyond April 30
Bloomberg’s James Seyffart clarified ProShares’ XRP ETF won’t launch April 30, though an imminent release is expected. The filing delay only adjusted the effective date, not fund terms.
6. Bitcoin Faces Consolidation Near $94K–$95K Resistance
10x Research notes BTC struggles at $94K–$95K, with bearish short-term signals. However, a breakout above $100K may follow this consolidation. Korean retail traders might pivot to altcoins soon.
7. Bitcoin Hashrate to Surpass 1 Zettahash by July
Coinshares predicts BTC hashrate will exceed 1 ZH/s by July, reaching 1.28 ZH/s by 2025. Miner profitability (hashprice) is expected to decline structurally, averaging $35–$50/PH/day until 2028.
8. QuantMaster Confirms Insider Code Sabotage, Files Police Report
Developers traced a $100K+ exploit to malicious code submitted by an employee via GitHub. Forensic tools like Cursor AI ruled out automated alterations.
9. Lightning Network Facilitates 15% of Coinbase’s BTC Volume
Since integrating Lightning in April 2024, Coinbase reports 15% of Bitcoin transactions use the layer-2 solution. The exchange plans a Bitcoin Yield Fund (4%–8% APR) launching May 1.
10. UAE’s ADQ, IHC, and FAB to Launch Dirham-Backed Stablecoin
The trio announced plans for a central bank-regulated stablecoin, pending approval. FAB will issue the token, targeting everyday use by consumers and businesses.
11. BlackRock’s IBIT Narrows Bitcoin Holdings Gap to 20K BTC
IBIT holds 573,869 BTC versus Strategy’s 553,555 BTC, per Cointelegraph.
12. Senators Probe Trump’s Crypto Conflicts
Elizabeth Warren and Adam Schiff urged ethics officials to investigate TRUMP Meme coin’s potential as a foreign influence tool. Separately, Warren pressed the SEC to safeguard oversight of Trump Media.
13. FTX Sues Token Issuers to Recover Unreturned Assets
FTX’s bankruptcy estate sued NFT Stars and Delysium for unfulfilled token deliveries, warning more lawsuits may follow against non-compliant issuers.
14. Arizona Passes Bitcoin Reserve Bill for State Funds
SB 1025 permits up to 10% of state funds to be allocated to Bitcoin. Awaiting Governor Hobbs’ signature, it would make Arizona the first U.S. state mandating BTC investments.
15. Ethereum Foundation Updates Governance, Prioritizes Decentralization
EF’s new vision emphasizes L1 scaling, L2 interoperability, and community empowerment. Hsiao-Wei Wang and Tomasz Stańczak were named co-executive directors.
16. OKX Pay Launches with USDT/USDC Support
OKX’s zero-fee payment feature uses X Layer and split-key custody. Future expansions will include more stablecoins.
17. Grayscale’s GBTC Outearns All Other Bitcoin ETFs Combined
GBTC generates $268M annually—more than rival ETFs’ collective $211M.
18. Brazil’s Itaú Bank Launches $210M Bitcoin Reserve Firm
Oranje, modeled after Strategy, aims for 45% BTC ROI in Year 1. It plans IPO status as Latin America’s first Bitcoin-centric public company.
FAQ
Q1: Why did Bitcoin’s correlation with gold rebound?
A: Macro uncertainty (e.g., U.S. tariffs) historically triggers cyclical "recoupling" after extreme decoupling phases.
Q2: How does Coinbase’s Lightning integration benefit users?
A: Faster, cheaper BTC transactions—now 15% of Coinbase’s volume—with plans to enhance yield options via its new Bitcoin fund.
Q3: What’s the significance of Arizona’s Bitcoin bill?
A: If signed, it mandates state funds to hold BTC, setting a precedent for public crypto adoption in the U.S.
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