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Ethereum Weekly Active Adresses Hits a New All-time High-Impact on ETH?

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The Ethereum ecosystem has hit a new all-time high of 15.4 million in weekly active addresses. What does this mean for ETH?

Ethereum network has seen a 62.7% surge in network activity over the past 7 days, suggesting heightened market participation. According to on-chain data, the ecosystem has hit 15.4 million active addresses as its layer 2 solutions signal dominance. With layer 2s showing a 6.65 times higher usage, Ethereum’s scalability could be on the process.

What does this mean for ETH?

Ethereum has surged 2.93% with a 12.86% increase in trading volume over the past 24 hours. In the past 7 days, ETH has gained nearly 7% in price uptrend signalling renewed investor interest. The long-short ratio stands at 1.0268 per Coinglass data, as of press time.

The King of altcoins is currently fluctuating around $1821, per CoinMarketCap. With a spike in Open Interest (OI) funding rate in the past 24 hours, Ethereum could be eyeing a breakout above $ 2000 in the next few days.

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Bitcoin Miner Reserve Hit Lowest Levels as Miners Capitalize on Surging Price

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Bitcoin miners are capitalizing on BTC’s surging prices and have sold 943 BTC, reducing reserves to the lowest levels in 15 years.

As the Bitcoin price surges towards the psychological $100K, miners have taken advantage of the price increase to pocket profits. A look into the on-chain metrics reveals that miners have been capitalizing on BTC’s price rally, selling around 943 Bitcoins.

They have pocketed approximately $850 million between April 15 and April 28. The sell-off came during Bitcoin’s price rally from $84,000 to around $94,570.

As a result of this capitalization, Bitcoin reserves have declined from approximately 1.8083 to 1.8081 million BTC in this period. This is the lowest since February 2010, 15 years ago.

Why are Miners Selling BTC?

Miners face pressure from increased operational costs that could trigger financial instabilities. The trade tariff war in April hit miners hard as equipment prices surged. Additionally, reduced block rewards post the Bitcoin halving event meant decreased income.

However, the rising institutional demand for BTC is absorbing the miner supply, and BTC’s rally remains unaffected by the sell-offs.

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Circle Receives Regulatory Approval as Money Service Provider in Abu Dhabi

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Circle, the company behind USDC stablecoin, gets a green light in Abu Dhabi to operate as a money services provider, signalling the UAE’s positive approach to digital assets.

Traditional finance is slowly fading in the global payment systems as digital finance gains ground across the world. Major institutions and governments have shifted their approach to digital financial operations to include cryptocurrencies, inspired by their efficiency in cross-border transcations.

In the latest market development, USDC stablecoin issuer Circle has received regulatory approval to operate as a money services provider in Abu Dhabi. This means that the company can offer money services such as payment services, issuance, and custody for the Abu Dhabi Global Market (ADGM). This comes as a reflection of the UAE’s stance on digital assets as key elements of the next financial revolution. Per the Circle announcement on X (formerly Twitter);

We’ve received In-Principle Regulatory Approval from @ADGlobalMarket! We have also entered into a strategic collaboration with @hub71ad, to strengthen innovation within the digital assets space, and advance access to trusted, transparent, and regulated stablecoin infrastructure across the region.

The Past week has seen the stablecoin market surge by 4.8 billion, showing growing demand and adoption of crypto payment services. The market is anticipating further exponential growth in the coming months.

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Arizona Becomes First U.S State to Pass Strategic Bitcoin Reserve Legislation

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Arizona has made history by finalizing its committee stages to become the first U.S state to pass legislation allowing a strategic Bitcoin Reserve.

Bitcoin is solidifying its case as “digital gold” as the world faces a digital industrial revolution across various economic sectors. While many people are unaware of this revolution, inflation and economic uncertainties in the global market have forced major financial giants and governments to reconsider future economic strategies. Digital assets have emerged as solutions to some of these challenges.

In a recent move, the U.S state has made a historical move, leading other state governments to adopt Bitcoin as a strategic reserve. According to the SB1025 bill, the state is set to integrate digital assets into government finance. The bill was passed with a 29-25 Senate vote outcome, sparking a wave of financial modernization in the U.S.

The bill was introduced in the Senate by Senator Rogers and has cleared both houses, signaling Arizona’s stance on digital assets. Arizona’s legislation outcome could trigger other states to hasten their adoption process, considering surging BTC prices in the market. As of press time, the bill awaits signing at the Governor’s desk, anticipating implementation.

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Mastercard Launches Global Stablecoin Payment System

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Mastercard is set to onboard its 1.1 billion users in the crypto market and Web3 using an integrated global stablecoin payment system. Continue reading Mastercard Launches Global Stablecoin Payment System

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Stablecoin Market: Tether mints $1 Billion USDT amid Growing Demand

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Tether Treasury has minted $1,000,000,000 USDT amid a growing demand in the Stablcoin Market. Here are key insights on the stablecoin Market.

April 28th- Arkham, the blockchain intelligence platform, has revealed a recent $1 billion USDT mint at the Tether Treasury. This mint hints at a rising demand for stablecoins as the crypto market anticipates growth fueled by renewed investor confidence.

Additionally, minting such an amount in a single day could mean heightened institutional demand for liquidity in the market.

Recent data by DefiLlama shows a substantial growth in the stablecoin market. With new players like USDS and RLUSD, the market has hit $240 billion, with $4.58billion surge in the past one week.

A rising liquidity inflow signals increased trading activity and market health. With clear regulatory policies, digital assets continue attracting traditional finance, boosting crypto adoption. As adoption grows, the market is likely to mature and have fewer volatility storms.

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Brazil’s Largest Bank Itau to Fund New Bitcoin Company

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Brazil’s largest bank, Itau Unibanco, is reportedly funding a new Bitcoin Company, Oranje, the country’s “microstrategy”.

The largest private bank in Brazil, Itau Unibanco, is reportedly joining the institutional Bitcoin race. According to recent reports circulating, the alleged microstrategy of Brazil is to be named Oranje. Additionally, the newborn company plans to make its first step into the crypto market with a $210 million BTC acquisition. According to crypto analyst and researcher Vivek on X (formerly Twitter):

BRAZIL’S LARGEST BANK ITAU TO FUND NEW BITCOIN TREASURY COMPANY ORANJE THEY WILL BUY $210 MILLION #BITCOIN

While official confirmation from the bank remains pending, Itau’s move to purchase Bitcoin signals heightened investor demand and Fear of missing out (FOMO) among traditional financial players. This could be indicative of BTC’s resilience to solidify the name, “digital gold”. Itau could be setting the standards for other banks globally.

The market is likely to experience a spike in institutional buys as large investors position themselves in the digital assets market.

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Crypto Market Weekly Capital Inflow Hit $9B amid Renewed Investor Interest

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The crypto market has seen a positive capital inflow of nearly $9 billion, suggesting heightened investor interest and confidence.

Following weeks of mixed signals, the crypto market is flashing signs of a boom. A fresh capital inflow into the market signals rising investor optimism and growing confidence in the brewing bullish momentum. Recent Glassnode data has revealed a $9 billion surge in positive capital inflow in the market.

Bitcoin and Ethereum have led the market in capital inflow in the past week, with the stablecoin market rallying behind. When new capital enters the market, the prices of cryptocurrencies tend to surge as demand rises. Fresh capital inflow suggests potential accumulation of digital assets by both retail and institutional investors.

While the market may not see an immediate price upsurge, the rising demand could trigger price rallies in the next few days as the long-short ratio increases. Selling pressure tends to decrease as investors take note of the capital inflow metric in anticipation of higher gains.

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BTC Futures Monthly Open Interest Surges 20%- What’s does this Suggest?

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Bitcoin futures open interest has surged 20% in the past 20 days, hitting over $26 billion, signalling increased activity in leveraged trading.

A look into Bitcoin’s on-chain activity signals a market shift among traders, with leverage heating up in April compared to Q1, 2025. According to data shared by crypto analyst Ali Martinez on X (formerly Twitter), BTC’s open interest jumped 20% over the past 20 days, topping $26 billion today.

So, what does this mean?

With leveraged positions heating up, traders are pouring heavy capital into bets on BTC’s next moves. This means BTC’s movement in either direction could trigger serious liquidations and price volatility. Historically, the market experiences short squeezes or long squeezes, setting the stage for explosive price volatility.

While Bitcoin’s price is on the rise, more opportunities present themselves, but with associated risks. Leveraged positions signal increased investor confidence in BTC’s price movements but also present market volatility. Traders are closely monitoring liquidation pools for further insights.

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TRON Founder Justin Sun Tops TRUMP Holders Leaderboard

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Justin Sun, the founder of Tron Blockchain, has topped the list of TRUMP memecoin holders ahead of TRUMP Dinner for the coin’s top 220 holders.

Justin Sun, a renowned crypto heavyweight and the founder of Tron blockchain, has been a huge supporter of President Donald Trump and his projects. In February, Justin recorded a purchase of $75M worth of world liberty tokens to portray his support and belief in Trump’s projects.

Justin has topped the list of TRUMP memecoin holders, increasing his chances of attending the anticipated Dinner with U.S. President Trump for the top 22o holders of his token. According to on-chain data, Sun is holding 1,176,803.002 TRUMP tokens valued at $14.32M, as of press time.

What’s the Market’s Reaction?

Justin’s move to the top of the leaderboard hints at his crypto influence and ambition, blended with his wealth status. However, this has sparked an ethical debate regarding the sale of political access through crypto, which is meant to foster financial inclusion for all.

Despite mixed reactions, most crypto enthusiasts perceive the TRUMP Dinner as a positive influence towards mainstream crypto adoption.

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