Bitcoin computing power hits record high Ethereum processing fee drops to its lowest in five years

Bitcoin

Former U.S. SEC Chairman: Bitcoin may last for a long time

According to Cointelegraph, former U.S. SEC chairman Gary Gensler said in a video interview, "Bitcoin may last for a long time because 7 billion people around the world have shown strong interest in it."

Bitcoin 's entire network computing power hits a record high

According to CloverPool data, Bitcoin's entire network computing power once exceeded 1,000 EH/s, a record high, and is now at 893 EH/s; the current average computing power of the entire network in the past seven days is 888.85 EH/s. Although the increase in Bitcoin’s computing power marks an improvement in network security, it also means that the cost of mining 1 Bitcoin is increasing. Combined with the reduction in block rewards brought about by the Bitcoin halving in 2024, the increase in computing power may lead to the integration of small mining companies.

Bitcoin is expected to rebound similar to 2023

Golden Finance reported that after the US dollar index (DXY) fell below the psychological threshold of 100, it hovered near its multi-year low. Andre Dragosch, head of European research at asset management firm Bitwise, pointed out that Goldman Sachs' research still indicates that DXY still has room for downside in the future. Trader BitBull said DXY is falling at its fastest pace since 2023, with Bitcoin and altcoins rebounding from the trough of the 2022 bear market in early 2023, when Bitcoin had bottomed out in the fourth quarter of 2022 and gaining more than 200% in one year, and Bitcoin is expected to see a similar rebound in 2023 as Bitcoin optimism continues to focus on the weakening momentum of the dollar.

Matrixport: Bitcoin ETF capital inflows are concentrated in leading institutions, reflecting that institutional demand is stronger than retail investors ' wide participation

According to Golden Finance, Matrixport released its latest report saying that in 2025, the net inflow of funds from Bitcoin ETFs was only slightly higher than zero, despite strong performance at the beginning of the year, recording nearly $5.5 billion inflows. This phenomenon is quite surprising, as Bitcoin outperformed U.S. technology stocks this year, and gold also hit an all-time high. It is worth noting that the total net inflow of Bitcoin ETFs is US$35.5 billion, of which BlackRock accounts for US$39.6 billion and Fidelity accounts for US$11.4 billion, and the two together account for the vast majority of the shares. In contrast, inflows from other ETF issuers are relatively limited. This suggests that current buying is more likely to come from a specific institutional client base than driven by a wide range of retail funding – if it were the latter, capital inflows would be more evenly distributed among individual ETF providers.

Bitcoin may outperform stocks in market pullback for the first time

According to Golden Finance, Bitwise chief investment officer Matt Hougan recently said that Bitcoin is showing "significantly different" characteristics of previous market pullbacks. Despite the market volatility caused by Trump's tariff policy, Bitcoin's price has fluctuated only 0.07% in the past month, showing rare stability. It has never outperformed the stock market during a full-scale adjustment period since Bitcoin broke through $1 in 2011, but Hougan believes this may be different this time. As more businesses, institutions and governments begin to hold Bitcoin, their narrative as a safe- haven asset is gradually replacing the positioning of risky assets, showing signs of increasingly mature cryptocurrency markets.

Another Swedish Democratic MP pushes for Bitcoin to be included in the national reserves

According to Decrypt, Swedish political circles' attention to Bitcoin continues to heat up. Another Swedish Democratic MP Dennis Dioukarev spoke out on the issue this week after MP Rickard Nordin last week called on the government to reassess the Bitcoin reserve strategy. On Monday, Dioukarev submitted a formal inquiry to Finance Minister Elisabeth Svantesson, suggesting that Sweden follow the practices of the United States and other countries and establish national Bitcoin reserves through confiscation of assets. "This trend has occurred in many countries," he specifically mentioned the case of the U.S. government using confiscated funds to build Bitcoin reserves, and asked "whether the Treasury Department has considered such a plan."

Trump 's strategic Bitcoin reserve value has shrunk by 12% in the past month

Economist and gold advocate Peter Schiff once again criticized Bitcoin and President Donald Trump's latest economic policies, saying that Trump's strategic reserve value has shrunk by 12% since March 6, and that the government can achieve a 2% increase if it chooses to invest in gold. Peter Schiff added that strategic bitcoin reserves are being used to lure unsuspecting investors, and Trump has caused Americans to lose more on cryptocurrencies than any speculative craze in history, such as the Meme TRUMP, which has fallen by more than 80%.

Lomond School in Scotland will accept Bitcoin payment tuition

Golden Finance reported that according to Cointelegraph, Lomond schools in Scotland will accept Bitcoin payments from the fall semester of 2025, which is the first time in the UK. The school currently has no plans to accept other cryptocurrencies, as well as converting Bitcoin into fiat currencies immediately. In the future, schools may establish a Bitcoin vault, but they need to listen to the community's opinions.

Ethereum

Ethereum Foundation announces opening of the 6th batch of Ethereum Agreement Scholarship Program Application

According to official news, the Ethereum Foundation issued a document announcing the opening of the 6th batch of Ethereum Agreement Scholarship Program (EPF6). The opening of the application for EPF6 will be held as of April 30, and the sixth phase will be held from June to November 2025. Participants will have the opportunity to contact the mentors of the core development community. The project team will hold a briefing at 4 pm UTC time on April 21 to answer related questions.

Ethereum fees drop to lowest in five years

According to Santiment, according to Santiment on the X platform, Ethereum handling fee has dropped to its lowest in five years, with the current transaction cost being only $0.168. This is the lowest daily cost of ETH transfers since May 2, 2020.

EigenLayer announces that Ethereum re-pled fines and confiscation mechanism will be online today 's main website

According to Golden Finance, EigenLayer, the Ethereum re-staking agreement, announced that the punishment mechanism (Slashing) will be launched on the main network today (April 17, 2025).

Ethereum spot ETFs under Huaxia Fund (Hong Kong) have been approved to provide pledge services

According to Golden Finance, Huaxia Fund (Hong Kong) announced today that its Huaxia Ethereum ETF (3046 HK / 83046 HK / 9046 HK) has been approved by the Hong Kong Securities Regulatory Commission to become a spot ETF product that can provide pledged services. This innovation will provide investors with more attractive returns. The revision will officially come into effect on May 15, 2025. Ethereum staking (ETH staking) is a core function under the Ethereum proof-of-Stake (PoS) mechanism. Participants participate in network security maintenance by locking ETH and obtaining corresponding rewards. Currently, the annualized rate of return on Ethereum pledge is about 2.19%. According to the approved terms, the Huaxia Ethereum ETF can use up to 30% of Ethereum in its portfolio for staking. The income generated by the pledge will be reinvested in ETFs to further enhance the overall product returns. This innovative move will provide investors with more attractive returns potential while improving the overall efficiency and security of the Ethereum ecosystem.

Other projects

BNB Chain TVL Incentive Program #5 has ended, with a total of five projects receiving commissioned support

According to official news, BNB Chain TVL Incentive Program #5 has ended, and a total of five projects have been commissioned, namely: KERNELDAO, ASTHERUS, YIELDNEST, TRANCHESS and LISTA-DAO. The TVL incentive program will currently support related projects to enhance the lockdown of BNB/liquid staking BNB (lstBNB) and to increase TVL through competitive challenges incentivizing ecosystems.

OpenAI and SoftBank’s Stargate Project Considers Investment in the UK

Golden Finance reported that Stargate, a US$500 billion U.S. data center project led by OpenAI and SoftBank, is considering future investments in the UK, and the company will focus overseas to build the global infrastructure needed to support powerful artificial intelligence models. The UK has become one of the top choices for the project as the government led by Prime Minister Stamer recently pushed for increased investment in the artificial intelligence industry, including a plan to promote access to energy by artificial intelligence developers, three people familiar with the matter said.

MELANIA project party sold 2.95 million MELANIA again 7 hours ago

Golden Finance reported that 7 hours ago, another 2.95 million MELANIA was sold to 9,009 SOLs (US$1.2 million) by the project party in the form of adding unilateral liquidity. In the past three days, the MELANIA project party has continued to transfer 7.643 million MELANIA (US$3.21 million) from liquidity and community address, and then added to MELANIA/SOL unilateral liquidity on Meteora, selling MELANIA into SOL in a set range. Of these, 2.95 million MELANIA were sold for 9,009 SOLs 7 hours ago. Currently, the project party has won and stockpiled 110,000 SOLs ($14.75 million) in the past month by selling $23.45 million.