Good Morning,

Here’ s today’s overview: Top TRUMP token holders will be getting an invite to an exclusive event with the President himself… Plus Satoshi becomes the 15th richest man on earth, Twenty One Capital announces a new CEO that everyone in crypto knows, SOL Strategies copies Michael Saylor’s buying, a crypto executive caught in $198M fraudulent scheme, and so much more.

Praying for another day in the green. Let’s dive in.

Market Snapshot

As of 4/23/2025. Data per CoinMarketCap.

  • Bitcoin broke above $94,000, a 6% jump in 24 hours, marking its highest price in 51 days

    • Bitcoin ETFs saw $912.7M in inflows, the largest since January 20, when Bitcoin hit $108,000

    • Institutional sentiment is turning bullish, especially amid traditional market uncertainty

  • Top ETF contributors: ARK 21Shares (ARKB): $267.1M (2nd-largest daily inflow ever), Fidelity’s FBTC: $253.8M, BlackRock’s IBIT: $193.5M

  • Macro: Rally coincided with new SEC Chair Paul Atkins’ appointment, who pledged a clear, pro-innovation crypto policy – along with Trump’s tariff pivots

  • Total crypto market cap rose by $800B, now at $2.84T, with Bitcoin alone at $1.75T

Headline Roundup
The major headlines driving crypto markets

  • Bitcoin surpasses Alphabet to become the 5th largest asset globally (DF)

  • Jack Mallers, co-founder and CEO of Strike, has been named co-founder and CEO of Twenty One Capital, the new Bitcoin-native firm preparing to go public via a SPAC merger with Cantor Equity Partners (BM)

  • Crypto Exec Ramil Palafox accused by SEC of $198M fraudulent scheme with Lambo purchases and ‘Ponzi-like’ payouts – a breakdown of the wild scheme here

  • Hedge funds are shifting to crypto strategies in a big way, including being “on-chain” (CD)

  • TRUMP token nearly doubles after the US president announces a dinner with the top 220 holders next month – see details of the gala here

  • 14 years after announcing the move away from bitcoin development in an email, Satoshi Nakamoto’s wallet is an estimate worth of $100B (DF)

  • U.S. regulator abandons lawsuit against Europe’s most wanted man, Richard Heart (DT)

  • PayPal users will be able to earn 3.7% yield on its stablecoin starting this summer (DF)

  • LAPD seizes $2.7M of bitcoin miners linked to illegal crime ring (DT)

  • Russia’s Central Bank plans to launch a crypto exchange solely for highly qualified investors (TB)

  • Zora platform revenue soars 20x from Base-related news (DF)

  • Luxury hospitality application Dorsia partners with Moonpay for crypto payments (CT)

  • Larva Labs’ Meetbits project is adding AI agent integrations (DF)

  • No user was able to beat $10k challenge in Ethereum NFT game Goblintown (DT)

  • A Spanish Master’s program is offering a track exclusively focused on Bitcoin (BM)

  • A Solana whale earned $42M from staking nearly 1M SOL, alongside a 8x price appreciation (CT)

Venture Capital

  • SOL Strategies raises $500M from ATW Partners for Solana treasury (CT)

  • Riot Platforms closes on a $100M credit facility from Coinbase (DF)

  • Pantera Capital and Coinbase Ventures participate in $29M Series A for Symbiotic staking (TB)

  • DWF Labs partners with and invests $5M into Mask Network (PN)

Launches

  • Web3 game studio Mythical Games to release FIFA-inspired mobile crypto game this summer (TB)

  • Citrea launches a new bridge to Bitcoin’s testnet to expand utility (CD)

  • RICE AI and Floki establish partnership to tokenize AI data in companion robot (CD)

Regulation

  • $500M Bitcoin reserve bill advances to Texas House hearing (DF)

  • Alabama Securities Commission dissolves legal dispute against Coinbase with advancing crypto regulation (CS)

  • Kuwait government sends warning to over 1,000 illegal crypto mining operations (DT)

Cybersecurity

  • Solana DEX Meteora is being accused of a $169M memecoin pump-and-dump scheme (DT)

  • Victims affected by Gate.io emergency system upgrade to be fully compensated (TB)

  • The Scroll team showcases Euclid product for improved throughput and network security (TB)

Extra Reads

Chart of the Day

Bitcoin rises into the Top 5 most valuable assets by market cap, surpassing Google.

Meme Dump

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