Tag: DigitalAsset

Sony’s Soneium Netwok Monthly Active Addresses Surge 10X in 90 Days

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Sony’s blockchain network has seen a 10x surge in its monthly active addresses since February 2025 as user activity rises.

 

Soneium, an Ethereum layer-2 blockchain developed by Sony Block Solutions Labs, has seen a parabolic surge in network activity over the past 90 days. Following its launch on January 14, 2025, the Soneium Minato testnet recorded over 47 million transactions, engaging more than 14 million active addresses.

The joint venture project between Sony, under Sony Block Solutions Labs and Startale Labs, is gaining traction, deploying over 834,000 smart contracts alongside 89 million transactions in Q1. According to Token Terminal data, the network has seen its active addresses surge 10x since February 2025.

 

Source: Token Terminal

The network aims to provide scalable, developer-friendly blockchain infrastructure by leveraging Optimism’s OP Stack to boost transaction speed and minimize fees. Integrations with platforms like Uniswap enable users to swap, bridge, and provide direct liquidity from the Uniswap Web App and wallet.

Soneium’s emergence is Sony’s strategic move into the Web3 space as blockchain adoption gains ground. The company aims to bridge traditional digital experiences with emerging decentralized technologies through this network.

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What is Bitcoin Halving and Why does it Matter?

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Bitcoin halving cuts miner rewards every four years. So, what is Bitcoin halving, and why does it matter in Bitcoin’s principles?

 

Bitcoin halving is a built-in event that occurs approximately every four years in Bitcoin’s blockchain network, where the rewards for mining Bitcoin are slashed by 50%. Traders observe this event to understand BTC’s supply, demand, and price insights. Bitcoin halving defines market dynamics and investor sentiment.

As a result, one ought to understand and mark this key event while planning their long-term BTC investment strategy. BTC halving happens on-chain and is embedded in Bitcoin’s code. This means no single entity can control or tamper with it due to Bitcoin’s decentralized nature.

 

Why does Bitcoin halving matter?

Bitcoin halving is more than a technical update on the blockchain. The most recent event occurred in April 2024, cutting miner rewards from 6.25 to 3.125 BTC per block. Each halving minimizes Bitcoin’s supply amid growing demand. Historically, post-halving events have seen major bull runs for BTC.

Bitcoin’s supply is capped at 21 million coins, and each halving boosts the countdown to the total supply, thus solidifying BTC’s scarcity principle. This is a market-moving event that investors anticipate as Bitcoin ascends to a “digital gold” status fueled by growing adoption.

 

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KULR Technology Group Adds 42 Bitcoins amid Impressive YTD Gains

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Public company, KULR Group, has added 42 bitcoins to its reserves while recording impressive 197.5% gains YTD.

 

KULR Technology Group, the public company that provides energy management solutions for aerospace, space, and defense applications, has revealed surprising returns on BTC investment. According to its latest announcement, KULR Group has accumulated 42 more Bitcoins, bringing its total holding to 716.2 BTC. Per the CEO & Co-founder, Michael MO on x (formerly Twitter);

 

KULR has acquired 42 BTC for ~ 4 million at ~ $94,403 per #bitcoin and has achieved BTC Yield of 197.5% YTD. As of 5/6/25, we hodl 716.2 $BTC acquired for ~ $69million at ~ $96,342 per bitcoin. $KULR

 

With over $69 million worth of BTC in its treasury, KULR has recorded a 197.5% year-to-date (YTD) yield, signaling how strategic BTC investments could shape a company’s revenue. Global Companies are accumulating Bitcoin for their reserves in a bid to leverage the growth of digital assets in the coming years.

Investors are impressed by KULR’s investment strategy as Bitcoin’s bullish momentum gains strength. The yield positions the company among the top bold believers of BTC’s long-term growth and its role in the shifting digital economy.

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Kucoin BTC Reserves Plunge 77% After Mandatory KYC Announcement

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Kucoin exchange has seen its Bitcoin reserves drop by over 77% following a recent mandatory KYC requirement.

 

Kucoin, the Seychelles-based cryptocurrency exchange, resolved its criminal charges in January 2025, paying $3oo million in fines. This came after admitting to charges of operating an unlicensed money transmitting business while ignoring anti-money laundering protocols on its platform.  The worst crypto hack of the year 2020 left Kucoin bleeding $281 million in losses after a major security breach.

As a result of these challenges, Kucoin is trying to improve its Know Your Customer (KYC) checklist. This will require gathering more information about its exchange users and their operations. On-chain data by Cryptoquant has revealed that the exchange’s reserves have dropped 77.6% following a mandatory KYC policy.

 

Source: X

 

Bitcoin reserves have dropped from 18,300 BTC to 4,100 BTC, a 14,200 BTC outflow.  This is a significant outflow from a major exchange in the crypto market.

The drop in BTC reserves suggests that users have been reacting to strict compliance requirements and could be shifting to cold storage or other platforms. This is because privacy concerns and custodial risks are major considerations for crypto investors and enthusiasts on crypto service platforms.

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Arizona Governor Katie Hobbs Vetoes Strategic Bitcoin Reserve Legislation

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Arizona Governor Katie Hobbs has vetoed the anticipated Bitcoin reserve legislation, halting the state’s plans for crypto investment.

 

Arizona is the first U.S. state to pass a strategic Bitcoin reserve legislation. Following the Senate’s approval of investing state retirement funds in Bitcoin reserves on 28th of April, 2025, the bill has been awaiting the governor’s sign. In a turn of events, Arizona Governor Katie Hobbs has put a roadblock on the bill, citing that Bitcoin is a “virtual currency”.

 

According to the official letter, Katie Hobbs responded;

Today, I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments. Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currency

 

Following this veto, crypto enthusiasts and Bitcoin maximalists have expressed mixed feelings. Some crypto analysts are surprisingly trying to estimate the projected losses that await Arizona state in the coming years, if Bitcoin reserves face complete rejection.

As legislators remain resilient in their decisions, the market anticipates positive approaches in the coming months while monitoring committee stages in other states.

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Crypto Market Capital Inflows Surges $13.5 Billion in 10 Days

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The crypto market capital inflows have soared from 1.5 billion to $15 billion between April 19 and april 29 signalling new investor optitmism.

 

Global markets are flashing signs of economic recovery and stability driven by cooling trade war tensions. As a result, economic policies by national governments across the globe are providing liquidity in the market. The global liquidity index is projected to rise in the coming months. Historically, the crypto market tends to rise as investors consider risky and rewarding assets in their portfolio.

Recent data by Glassnode has revealed a major shift in the crypto market capital inflows. According to the on-chain data, the market capital inflows surged from 1.5 billion from  April 19 to April 29. Such a sharp spike in capital inflow signals heightened investor optimism towards digital assets.

Source X

 

The net position change for BTC and ETH has increased, signaling an accumulation phase among investors. Stablecoins have gained substantial inflows, suggesting fresh liquidity in the market, awaiting deployment in digital assets. The market could be gearing up for new highs and a significant comeback.

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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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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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Greed and Fear Index: Crypto Market Sentiment Turns Neutral

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The fear and greed index is significant in determining the emotional state of investors to establish market valuation.

 

The crypto market has seen unprecedented volatility in the past few weeks, leading to extreme fear, with the values dropping to 19. However, CoinMarketCap has noted a shift in the market sentiment in the past 72 hours. The fear and greed index has surged to 53, a neutral zone value. This data is critical in establishing whether the market is undervalued(fear) or overvalued (greed).

 

Source: CoinMarketCap

 

Historically, the shift from fear to neutral comes before a period of steady market growth and bullish market rallies. This shift is evident in BTC’s rising prices while eyeing the psychological $100k mark.

The current value suggests that the market is not yet overvalued (greedy), has more potential for buying, and the bull rally is likely starting. With rising institutional interest and huge BTC demand from the U.S investors, the market is shifting to a healthier stage.

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$10T Charles Schwab CEO Plans on Spot Bitcoin Trading

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Charles Schwab’s CEO, Rick Wurster, has revealed plans to offer spot Bitcoin trading by 2026 due to rising market interest in its crypto content.

 

Charles Schwab Corporation, the $10 trillion financial services giant providing banking, brokerage, and financial advisory is about to dive into the crypto world. With approximately $10 trillion of client assets under management, its entry into the crypto market signals substantial liquidity inflow.

According to its CEO, Rick Wurster, the company has seen a 400% increase in visits to its crypto content, hinting at growing crypto interest amongst clients. Despite offering some crypto-related products, the Company is eyeing spot Bitcoin trading, aiming to blend traditional finance with digital assets.

 

Rick Wurster at CNBC Exclusive Live Interview. Source: CNBC

As many traditional corporations consider Bitcoin as a new and unique asset class, the entry of this financial giant suggests a growing trust in digital assets. Additionally, this could mean a more stable crypto market with less volatility in the future.

 

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