PANews reported on April 29 that according to official news, the parallel MPC network Ika announced that it had received strategic investment from the Sui Foundation. Since then, Ika has received more than $21 million in financing, and its highest valuation in the private placement stage has reached $600 million in FDV, and has received support from dozens of institutions in the Web3 field, including the Sui Foundation, DCG, Big Brain Holdings, Blockchange, Node Capital, Amplify Partners, Liquid2 Ventures, FalconX, Tykhe Block Ventures, Lightshift, Token Bay Capital, Collider, Zero Knowledge Ventures, NoLimit Holdings, Rubik Ventures, Dispersion Capital, Insignius Capital, Impatient Ventures, Cerulean Ventures, Earl Grey Capital, HDI Ventures, Flowdesk, TPC Ventures, Purechain Capital, Solr DAO, Heroic Ventures, as well as Naval Ravikant, NotVCs, G-20 Group, Artifact Capital, DSRV, Encapsulate, etc. It is reported that Ika is a parallel MPC (multi-party computing) network that will soon be launched on the Sui blockchain.
Bithumb will launch AI16Z Korean Won trading pair
PANews reported on April 29 that according to an official announcement, South Korean cryptocurrency exchange Bithumb will launch the AI16Z Korean won trading pair.
100 days after Trump was sworn in, the crypto market has lost $537 billion in market value
PANews reported on April 29 that according to Coingecko data, today is the 100th day since Trump was sworn in, and the total market value of cryptocurrencies has rebounded to $3.084 trillion. On January 20, when he officially took office for his second term, the total market value of cryptocurrencies was $3.621 trillion, and the market has evaporated $537 billion in market value. The market shows that Bitcoin reached its historical high of $109,588 on the day Trump took office, and is now trading at $95,006.07, a retracement of more than 13%; Ethereum reached $3,453 on the day of his inauguration, and is now trading at $1,799.61, a retracement of more than 47.8%.
PANews reported on April 29 that according to Beincrypto, Itaú, one of Brazil's largest banks, announced an initial investment of US$210 million to establish Oranje, a company that will specialize in the accumulation of strategic reserves of Bitcoin. This new initiative follows the business model of Strategy (formerly MicroStrategy). The project aims to create a strong BTC reserve, expand the brand, and provide a new investment model in Brazil. Oranje will become the first public company in Latin America to focus on Bitcoin. The project aims to build a strong Bitcoin fund reserve, expand brand influence, and provide an innovative investment model for the Brazilian market. If the business plan is implemented smoothly, the first year's goal is to achieve a 45% return on Bitcoin investment. Oranje plans to adopt financing strategies such as debt issuance and stock sales, which is similar to Strategy's approach. In addition, the company promises to provide tax and operational convenience for investors who want to hold Bitcoin directly (without going through an intermediary). Its governance team includes well-known crypto figures Eric Weiss and Fernando Ulrich, and is supported by Itaú Investment Bank, Pinheiro Neto Law Firm and one of the four major auditing agencies.
PANews reported on April 29 that according to Lookonchain monitoring, in the past 8 hours, Galaxy Digital's OTC wallet has deposited 23,900 ETH (worth US$42.52 million) into Coinbase.
Bitcoin exchange supply drops to 7-year low
PANews reported on April 29 that according to Decrypt, CryptoQuant data showed that the supply of Bitcoin exchanges fell to a seven-year low, falling to 2.488 million BTC last Friday. Exchange reserves are currently 2.492 million BTC, an increase of about 40,000 BTC over the weekend, but the level is still the lowest since October 2018. However, CoinShares reported that Bitcoin funds had inflows of $3.2 billion in the week ending April 28. The dual factors of declining exchange balances and increased capital inflows indicate that a new round of accumulation phase is coming. But in the past week's rally, retail investors seem to have played a greater role than in recent weeks. This is evident in the "exchange whale ratio", which has fallen from 0.512 on April 17 to 0.36 on April 27.
According to the monitoring of the on-chain analyst Ember, an address suspected to be from the TRUMP team transferred 1.346 million TRUMP (US$19.53 million) to CEX 9 hours ago. 700,000 (US$10.21 million) were transferred to Binance; 350,000 (US$5.08 million) were transferred to OKX; and 296,000 (US$4.32 million) were transferred to Bybit.
The gap between BlackRock’s IBIT and Strategy’s Bitcoin holdings has narrowed to just 20,000
PANews reported on April 29 that according to Cointelegraph, the Bitcoin holding gap between BlackRock's Bitcoin spot ETF "IBIT" and Strategy has narrowed to only 20,000 BTC. Currently, IBIT holds 573,869 BTC and Strategy holds 553,555 BTC.
PANews reported on April 29 that according to official news, ether.fi announced that it has launched a $40 million venture capital fund, ether.fi Ventures Fund I, which aims to support fearless entrepreneurs who redefine industry possibilities. In addition, the fund has now disclosed its first batch of investment projects, namely Resolv, Rise Chain, and Symbiotic.
Kaiko: Trump's dinner plan announcement triggers $2.4 billion in on-chain transfers of TRUMP tokens
PANews reported on April 29 that according to The Block, the cryptocurrency data company Kaiko reported that after Trump's related Meme coin TRUMP announced on April 23 that "the top 220 holders can attend the presidential dinner", the price of the token soared 60% in a single day (from US$9 to US$14.5), triggering on-chain transfers of up to US$2.4 billion in TRUMP tokens, and on-chain activity surged 200%, hitting the highest daily trading volume on CEX since mid-February. Kaiko pointed out that although Trump is challenging the claim that "Meme coins are worthless", the move has also caused controversy. Both political opponents and moral advocates have questioned the president's practice of providing exclusive use rights to those who buy his Meme coins. Kaiko also said: "As the excitement fades, trading volume also decreases, similar to on-chain activities. However, according to the website's competition rules, we expect more active activities in the coming weeks. As the deadline approaches, holders transfer funds back to the chain to qualify for the competition, and activities may increase."
Ethereum Fusaka hard fork to launch by the end of 2025
PANews reported on April 29 that according to Cointelegraph, Ethereum co-executive director Tomasz Kajetan Stańczak revealed on social media that the Fusaka hard fork upgrade is scheduled to be implemented in the third or fourth quarter of 2025, and the specific time has not yet been finalized. Core developer Tim Beiko announced on the same day that the controversial EVM object format (EOF) upgrade has been removed from Fusaka due to technical uncertainties that may affect the progress of the upgrade. EOF originally planned to comprehensively reform the way smart contracts are developed through 12 EIP proposals, including the introduction of RJUMP instructions to replace traditional JUMP and the use of structured bytecode containers and other optimization solutions. Supporters believe that this will improve the efficiency of EVM, but opponents point out that it over-complicates the system and requires synchronous updates to the development tool chain. A special poll on the Ethereum voting platform ETHPulse showed that 39 addresses holding 17,745 ETH opposed the upgrade.
Arizona Legislature Passes Bitcoin Reserve Bill, Sends It to Governor
PANews reported on April 29 that according to The Block, the Arizona State Assembly passed the Strategic Bitcoin Reserve Act SB 1025, authorizing the state finance department and pension system to invest up to 10% of available funds in digital assets such as Bitcoin. The bill has been submitted to Democratic Governor Katie Hobbs for signature. If it comes into effect, the state will become the first state in the United States to require public funds to invest in Bitcoin. The bill was jointly initiated by Republican lawmakers Wendy Rogers and Jeff Weninger, aiming to incorporate cryptocurrencies into public financial management. Currently, several states including Iowa, Missouri and Texas are considering similar legislation. In addition, another Bitcoin reserve bill in the state, SB 1373, was also passed by the House of Representatives and submitted to Democratic Governor Katie Hobbs for signature. The proposal proposes the establishment of a digital asset strategic reserve fund managed by the state treasurer. The sources of funds include seized assets and legislative appropriations. Up to 10% can be invested in digital assets such as BTC each fiscal year, and loans can be made without increasing risks.
According to the official blog, the Ethereum Foundation (EF) announced a new phase of its vision statement, reaffirming its mission to maintain the openness, decentralization and censorship resistance of Ethereum as a global shared computing platform. In the future, the Foundation will focus on infrastructure support, protocol upgrade coordination, privacy technology research and community empowerment, while gradually delegating responsibilities to promote ecological self-development and diversified governance. EF also announced that the Foundation will focus on "prudent guidance and accelerated execution" and focus on promoting the expansion of the Ethereum mainnet (L1), L2 interoperability and application layer experience optimization in the next year, and continue to adhere to the four core values of open source, censorship resistance, privacy and security. EF also released the latest management and board structure today, appointing Hsiao-Wei Wang and Tomasz K. Stańczak as co-executive directors (Co-EDs) to jointly lead strategic and operational execution. At the same time, the Foundation's board of directors is composed of Vitalik Buterin, Aya Miyaguchi, Patrick Storchenegger and Hsiao-Wei Wang, responsible for setting vision and managing management decisions.
Starknet: Bitcoin staking is expected to go live in the third quarter of this year
Ethereum's second-layer network Starknet said in a post on the X platform that it is expected to launch Bitcoin staking in the third quarter of 2025, aiming to bring sustainable rewards to Bitcoin users, while also bringing stronger security to the Starknet network and bringing new building blocks to developers. Starknet also stated that the speed of its network's "Hyperbitcoinization" will not slow down in the short term.
MilkyWay Foundation announces MILK token economics, Massdrop airdrop accounts for 10%
Celestia liquidity staking protocol MilkyWay announced the token economics of its native token MILK, with a total supply of 1 billion. The distribution includes 20% for core contributors, 13.42% for early private round investors, 3.55% for early supporters, 8% for the foundation, 5.25% for the community round, 2% each for Binance exclusive TGE and marketing, 16.5% for ecosystem growth, 10% for Massdrop airdrop, and 19.28% for community growth. As previously reported, Binance Wallet will launch the MilkyWay (MILK) token TGE on April 29. 10% of the total will be allocated to early users.
Trump to hold a 100th-day inauguration celebration rally in Michigan on April 30
U.S. President Trump announced that he will hold the "First 100 Day Inauguration Commemoration Rally" at Macomb Community College in Warren, Michigan at 6 a.m. Beijing time on April 30, 2025 to celebrate the start of his presidency and called on supporters to participate.
Circle mints $250 million in new USDC on Solana
According to Onchain Lens, Circle has just minted an additional $250 million in USDC on the Solana network. Since 2025, Circle has minted a total of $13.25 billion in USDC on Solana.
According to The Block, Geoffrey Kendrick, global head of digital assets at Standard Chartered Bank, said that Bitcoin is expected to hit a new high of about $120,000 in the second quarter of 2025, driven by the withdrawal of US capital and the continued increase in holdings by large investors. He maintained the target price of $200,000 at the end of the year, saying that now is the time to buy. Analysis pointed out that the high US Treasury term premium and ETF fund inflows further supported the upward trend of Bitcoin.
