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

Crypto News

Bitcoin, Ethereum Rise Amid Iran Peace Deal Optimism: Bear Market Won't Go To $30,000 For BTC, Says Analyst

Leading cryptocurrencies rose and stocks hit record highs on Thursday as President Donald Trump declared the Iran war is nearing an end.

Bitcoin rose to $75,050. Ethereum also wobbled in the $2,300 zone, while XRP traded in the green.

Over $210 million was liquidated in the past 24 hours, predominantly in short positions, Strategy Inc.(NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN) closed up 4.45% and 6.19%, respectively.

Trump Crypto Firm Draws Scrutiny With Plan to Delay Investor Trading

World Liberty Financial Inc., the crypto project co-founded by President Donald Trump, is facing a fresh round of criticism after proposing that tokens owned by some early investors remain unavailable for trading indefinitely — or at least until Trump leaves office.

The proposal, which was posted in the project’s governance forum Wednesday, requires early investors to agree to keep the majority of the WLFI tokens they bought locked — or unavailable for trading — for another two years. They would then start to receive their tokens gradually over the following two years. Those who don’t agree to this proposal will see their tokens locked “indefinitely,” the proposal said. The tokens are trading near a record low price.

Cantor Fitzgerald Gives $10 Million to Tether-Led Crypto PAC

Cantor Fitzgerald, the Wall Street bank run by the sons of Commerce Secretary Howard Lutnick, has donated $10 million to a super PAC led by its biggest client and designed to elect US political candidates supportive of cryptocurrency.

The bank donated in January to Fellowship PAC, which counts the government affairs chief of stablecoin issuer Tether, Jesse Spiro, as its chair, according to a Federal Election Commission filing made public Wednesday.

AI Pivot Pushes Bitcoin Miners Toward a 70% Revenue Milestone

The companies that built billion-dollar businesses mining Bitcoin are on track to generate most of their revenue from artificial intelligence by the end of the year — a milestone that marks an entire industry’s pivot away from the cryptocurrency that created it.

The shift comes as revenue earned for validating transactions on the blockchain is being driven down by plummeting token prices and soaring energy costs. That is accelerating the pivot that began around three years ago to providing infrastructure that generates computing power for AI firms, which is projected to be worth billions of dollars in revenue.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Wednesday was $186.03 million. The total net asset value of Bitcoin spot ETFs is $97.57 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.51%.

Source: SoSoValue

The Bitcoin spot ETF with the highest net inflow on April 15 was iShares Bitcoin Trust (IBIT), with a net inflow of $291.86 million, according to SoSoValue.

Source: SoSoValue