Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Bitcoin, Ethereum Hold Steady Amid Trump's 'Nuclear Dust' Claim, Lebanon Ceasefire

Leading cryptocurrencies held steady, while stocks closed at new records on Thursday as President Donald Trump said Iran agreed to transfer its "nuclear dust" to the U.S

"I think we’re in for a good Q2, given the data, Bitcoin to $85,000-$88,000," the analyst projected. Michaël van de Poppe anticipated good times ahead for risk-on assets amid lower gold volatility and softer oil prices.

"I think we’re in for a good Q2, given the data, Bitcoin to $85,000-$88,000," the analyst projected.

BlackRock Withdraws $290M in Bitcoin and Ethereum from Coinbase in Strategic Move

Global asset management giant BlackRock executed a significant cryptocurrency transaction, withdrawing approximately $291.83 million worth of Bitcoin and Ethereum from Coinbase, according to on-chain data analysis from Onchain Lens.

This substantial movement of 3,899 BTC and 839 ETH from the prominent exchange occurred eight hours before reporting, potentially signaling a strategic shift in institutional cryptocurrency management approaches for 2025.

Flow Capital Puts $150 Million Private Credit Fund on Blockchain

Flow Capital Partners plans to offer its $150 million private credit fund on a Singapore-based blockchain platform by month end, positioning itself among the first Asian managers to tap growing stablecoin liquidity.

The Hong Kong-based alternative asset manager will make its master fund available through DigiFT Tech Pte. to raise an additional $30 million in tokenized shares by year-end, said Jacky Tian, chief investment officer. The firm aims to scale the fund, launched in June, to $250 million by the end of the year.

A $285 Million Crypto Hack and Falling Rates Rock DeFi World

Decentralized finance, once among the most dynamic corners of the digital-asset industry, is under pressure from almost every direction.

Yields on some of DeFi’s most popular lending products have fallen near that of a vanilla government bond. Activity across a slew of blockchain networks has slowed. A $285 million hack blamed on North Korean state-backed operatives has renewed doubts about the security of a sector that has spent years insisting it was maturing.

The lending market shows the strain. On Aave, the largest decentralized lending platform with around $26 billion in deposits, the rate on USDT — a widely used dollar-pegged token — has fallen to roughly 2.45%. With the Federal Reserve’s benchmark between 3.5% and 3.75%, even the most conservative traditional investments now offer more.

CFTC Chair Selig Vows To Stop Prediction Market Fraud

Commodity Futures Trading Commission (CFTC) Chairman Michael Selig told House lawmakers the agency will pursue anyone committing fraud or insider trading in prediction markets with “the full force of the law.”

Selig appeared before the House Agriculture Committee on Thursday as the agency faces mounting pressure over fast-growing event contract platforms and suspicious trades tied to political announcements.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Thursday was $26.05 million. The total net asset value of Bitcoin spot ETFs is $97.9 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.5%.

Source: SoSoValue

The Bitcoin spot ETF with the highest net inflow on April 16 was iShares Bitcoin Trust, with a net inflow of $81.71 million, according to SoSoValue.

Source: SoSoValue