US Secretary of Commerce: Bitcoin Mining Will Be Supported
US Secretary of Commerce Howard Lutnick stated that the country will make every effort to encourage the development of the Bitcoin mining industry. This statement underscores the importance the US attaches to infrastructure investments in the cryptocurrency sector.
Itaú’s $210 Million Bitcoin Reserve Initiative
Itaú, one of Brazil’s largest banks, has invested $210 million to establish a new company called Oranje to accumulate Bitcoin reserves. The company aims to follow in the footsteps of MicroStrategy and build up strategic BTC reserves in Brazil.
Bitcoin Exchange Volume Hits 7-Year Low
According to CryptoQuant data, the amount of Bitcoin held on exchanges has dropped to 2.488 million BTC, the lowest level since October 2018. CoinShares reported that $3.2 billion was invested in Bitcoin funds last week.
The BTC Gap Between IBIT and MicroStrategy Narrows
BlackRock’s Bitcoin ETF, IBIT, has reached 573,869 BTC, closing in on MicroStrategy’s reserve of 553,555 BTC by just 20,000 BTC. Institutional demand is growing rapidly through ETFs.
Arizona Passes Bitcoin Reserve Law
The Arizona Legislature has approved the Bitcoin Reserve Law, which will allocate up to 10% of public funds to Bitcoin. If enacted, the law would represent a first in the United States.
Ethereum Foundation Updates Its Vision
The Ethereum Foundation has updated its vision statement, focusing on decentralization and ecosystem development. It aims to reduce centralization by focusing on infrastructure, protocol upgrades, and community support.
Starknet Announces Bitcoin Staking
Ethereum Layer-2 network Starknet plans to launch its Bitcoin staking system in the third quarter of 2025. This step aims to enhance network security and incentivize Bitcoin users.
Riot Platforms: Ethereum Foundation Should Go Public on Nasdaq
Following Vitalik Buterin’s statement highlighting Ethereum’s goals for usage and decentralization, Riot executives suggested that the Ethereum Foundation go public.
Circle Mints 250 Million USDC on Solana
Circle has issued 250 million USDC on the Solana network. As of 2025, a total of 13.25 billion USDC has been issued.
Bitcoin Spot ETFs Record 591 Million Dollar Inflows
On April 28, Bitcoin spot ETFs saw net inflows of 591 million dollars. BlackRock’s IBIT ETF led the way with a single-day inflow of 971 million dollars.
Ethereum Spot ETFs See 64 Million Dollar Inflow
On the same day, Ethereum spot ETFs saw a total inflow of 64.1 million dollars. BlackRock’s ETHA ETF contributed the largest share with a single-day net inflow of 67.4 million dollars.
by Darkex Research – 1 min read
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