BTC is currently trading around $95,400, ETH around $1,800, and SOL around $154. Notable gainers in the last 24 hours are BSV, TRUMP and SUI. The global crypto market cap is $3.09T, up 2.3% over the last day. DeFi Total Value Locked is ~$97b and BTC dominance is around 64%.
Equity markets are mixed as 1Q earnings results paint a mixed picture for US equities, and after President Trump said he’d consider it a victory if the US has high tariffs on other countries in a year’s time, further fanning investor concerns around global trade conflict. Crypto markets, meanwhile, are higher amid sustained momentum and consistently high Bitcoin ETF inflows throughout the week.
Notable news includes: the US Federal Reserve removed supervisory guidelines that required banks to notify the Fed in advance of planned or current crypto-related activities; the US House of Representatives is reportedly in the final stages of drafting a crypto market structure bill, which is expected to be released by the end of the month; the US SEC’s Crypto Task Force met with El Salvador’s digital asset regulator CNAD to discuss the latter’s proposal to establish a cross-border crypto regulatory sandbox; the US SEC delayed decisions on Polkadot and Hedera ETFs; the US SEC moved to drop its lawsuit against Dragonchain; Nasdaq sent a detailed response to the US SEC’s call for market participant input on crypto outlining its views on digital asset regulation and categorization; South Korea’s People Power Party announced it will introduce a new bill next week aiming to promote South Korea’s crypto asset sector; spot Bitcoin ETFs logged $442m in inflows on Thursday, marking five consecutive days of inflows; Ethereum core developers discussed making execution scaling on layer 1 a key priority for Ethereum’s Fusaka fork, with calls to increase the gas limit significantly; Solana Foundation began pruning validators that have not acquired significant external stake from its delegation program; Wormhole launched a cross-chain governance framework called MultiGov, enabling multichain protocols to manage governance across the chains they operate on; and, Initia, an opinionated layer 1 and layer 2 ecosystem, launched its mainnet.
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Author:
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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