Important information last night this morning (April 28-April 29)
Reprinted from panewslab
04/29/2025·14D
PANews reported on April 29 that according to official news, 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 has a maximum valuation of $600 million in FDV in the private placement phase, and has received support from dozens of institutions in the Web3 field, including 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. According to reports, Ika is a parallel MPC (multi-party computing) network that will be launched on the Sui blockchain soon.
Bithumb will launch AI16Z won trading pair
PANews reported on April 29 that according to the official announcement, the South Korean crypto exchange Bithumb will launch an AI16Z won trading pair.
PANews reported on April 29 that according to CoinGecko data, today is 100 days after Trump was sworn in, and the total market value of cryptocurrencies rebounded to $3.084 trillion. The total market value of cryptocurrencies was US$3.621 trillion since the day of his second term (January 20), and the market has evaporated by US$537 billion. The market shows that Bitcoin reached a historical high of $109,588 on the day of Trump's inauguration, and is now at $95,006.07, with a drawdown of more than 13%; Ethereum reached $3,453 on the day of his inauguration, and is now at $1,799.61, with a drawdown of more than 47.8%.
PANews reported on April 29 that according to Beincrypto, one of Brazil's largest banks, Itaú, announced an initial investment of US$210 million to establish Oranje, which will specialize in the accumulation of strategic reserves of Bitcoin. This new move follows Strategy (formerly MicroStrategy) business model. 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 publicly traded company in Latin America to focus on Bitcoin. The project aims to create a strong Bitcoin funding reserve, expand brand influence, and provide innovative investment models for the Brazilian market. If the business plan is implemented smoothly, the first year target is to achieve a 45% return on investment in Bitcoin. Oranje plans to adopt financing strategies such as debt issuance and stock sale, similar to Strategy's approach. In addition, the company promises to provide tax and operational convenience to investors who want to hold Bitcoin directly (without the need to go through an intermediary). Its governance team includes well-known crypto people Eric Weiss and Fernando Ulrich, and has been supported by Itawu Investment Bank, Pinheiro Neto Law Firm and one of the four major auditing agencies.
According to Lookonchain monitoring, Galaxy Digital's OTC wallet has deposited 23,900 ETH (worth $42.52 million) into Coinbase in the past 8 hours.
Bitcoin exchange supply drops to its lowest level in seven years
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, adding about 40,000 BTC over the weekend, but that level remains the lowest since October 2018. However, CoinShares reported that inflows of $3.2 billion in Bitcoin funds reached the week ending April 28. The dual factors of the decline in foreign exchange balance and the increase in capital inflow indicate that a new round of share increase is coming. But retail investors seem to have played a bigger role in the past week's uptrend than in recent weeks. This is clearly manifested in the "exchange whale ratio", which has dropped from 0.512 on April 17 to 0.36 on April 27.
According to on-link analyst Ember Monitor, an address suspected to be a TRUMP team transferred 1.346 million TRUMPs ($19.53 million) to CEX nine hours ago. 700,000 (US$10.21M) were transferred to Binance; 350,000 (US$5.08 million) were transferred to OKX; 296,000 (US$4.32 million) were transferred to Bybit.
The gap in Bitcoin holdings between BlackRock's IBIT and Strategy has narrowed to just 20,000
PANews reported on April 29 that according to Cointelegraph, the gap in Bitcoin holdings 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 April 29th news, according to official news, ether.fi announced that it has launched a $40 million venture capital fund ether.fi Ventures Fund I, aiming to support fearless entrepreneurs who redefine the possibilities of the industry. In addition, the fund has now disclosed its first batch of investment projects, namely Resolv, Rise Chain, and Symbiotic.
Kaiko: Trump's dinner plan launches on-chain transfer of TRUMP tokens $2.4 billion
PANews reported on April 29 that according to The Block, cryptocurrency data company Kaiko reported that after Trump-related Meme coin TRUMP announced on April 23 that "the top 220 holdings can attend the presidential dinner", the token's daily price soared by 60% ($9 to $14.5), triggering on-chain transfers of TRUMP tokens of up to $2.4 billion, and the on-chain activity volume surged by 200%, setting the highest daily trading volume of CEX since mid-February. Kaiko pointed out that although Trump is challenging the claim that "Meme coins are worthless", the move has also sparked controversy. Both political opponents and moral advocates have questioned the president's practice of providing exclusive access to those who buy their Meme coins. Kaiko also said: "As the excitement fades, the transaction volume also decreases, similar to on-chain activities. However, based on the website's competition rules, we expect the activity to be more active in the coming weeks. As the deadline approaches, holders may increase in activities."
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 platforms that the Fusaka hard fork upgrade is planned to be implemented in the third or fourth quarter of 2025, and the specific time has not 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 uncertainty that may affect the upgrade progress. EOF originally planned to comprehensively reform the smart contract development method through 12 EIP proposals, including the introduction of RJUMP instructions to replace traditional JUMP and the adoption of structured bytecode containers and other optimization solutions. Supporters believe this will improve EVM efficiency, but opponents point out that it is overcomplicating the system and requires synchronous update of the development toolchain. A special poll on Ethereum voting platform ETHPulse shows that 39 addresses holding 17,745 ETHs opposed the upgrade.
Arizona Legislature passes Bitcoin Reserves Act and sends it to the governor
PANews reported on April 29 that according to The Block, the Arizona State Legislature passed the Strategic Bitcoin Reserves 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 Gov. Katie Hobbs, and if it goes into effect, it will make the state the first U.S. state to require public funds to invest in Bitcoin. The bill was jointly initiated by Republican lawmakers Wendy Rogers and Jeff Weninger to bring cryptocurrencies into public finance. Several states, including Iowa, Missouri and Texas, are considering similar legislation. In addition, SB 1373, another Bitcoin reserve bill in the state, was passed by the House of Representatives and submitted to Democratic Governor Katie Hobbs, to establish a strategic reserve fund for digital assets managed by state fiscal officials. The funding sources include seizure of assets and legislative appropriations. Up to 10% of the investment in digital assets such as BTC per fiscal year, and lending without increasing risks.
According to the official blog, the Ethereum Foundation (EF) released a new stage of vision statement, reiterating 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, agreement upgrade coordination, privacy technology research and community empowerment, and at the same time gradually decentralize its responsibilities to promote ecological self-development and diversified governance. EF also announced that the foundation will focus on promoting the expansion of Ethereum mainnet (L1) and the optimization of the application layer experience in the next year, and continue to adhere to the four core values of open source, censorship resistance, privacy and security. EF also released its 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 the vision and supervising management decisions.
Starknet: Bitcoin staking is scheduled to be launched in the third quarter of this year
Ethereum's second-layer network Starknet issued a statement on the X platform, saying that Starknet is expected to launch Bitcoin stake in the third quarter of 2025, aiming to bring sustainable rewards to Bitcoin users, and also bring stronger security to the Starknet network and new building modules to developers. Starknet also said that its network's "hyperbitcoinization" speed 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 pieces. The allocation includes 20% of core contributors, 13.42% of early private equity round investors, 3.55% of early supporters, 8% of foundations, 5.25% of community rounds, 2% of Binance exclusive TGE and marketing, 16.5% of ecosystem growth, 10% of Massdrop airdrop, and 19.28% of community growth. Previously reported that Binance Wallet will launch MilkyWay (MILK) token TGE on April 29. Allocate 10% of the total amount to early users.
Trump will hold a 100-day inauguration rally in Michigan in the early morning of April 30
U.S. President Trump announced that he would hold the "first 100-day inauguration commemorative 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 call on supporters to actively participate.
Circle adds $250 million USDC to Solana
According to Onchain Lens monitoring, Circle just added $250 million in USDC to the Solana network. Since 2025, Circle has minted a total of US$13.25 billion in 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 funds and the continued increase in holdings of large investors. He maintained his target price of $200,000 at the end of the year, saying that it is the time to buy. Analysis pointed out that the high maturity premium of US Treasury and ETF capital inflows further support the upward trend of Bitcoin.
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