FameEX Morning Crypto News Recap | April 29, 2025
2025-04-29 02:08:06U.S. Congress Moves Quickly on Crypto Laws, Eyes August Deadline
U.S. lawmakers will prioritize cryptocurrency legislation after Easter, aiming to pass stablecoin and market structure bills before President Trump's August deadline to speed up regulatory clarity and boost the sector’s development.
Trump Administration Finalizes Expanded Trade Agreements with Multiple Countries
On April 29, two Trump administration officials revealed that Trump is concluding broader trade agreements with multiple countries, and the White House needs more time to officially announce them.
Bitcoin Spot ETFs Record $3.06 Billion Net Inflow Last Week, Second-Highest Ever
Bitcoin spot ETFs recorded a $3.06 billion net inflow last week, marking the second-highest weekly total in history, according to SoSoValue data. BlackRock’s Bitcoin ETF, IBIT, led the surge with $1.45 billion in inflows, raising its cumulative historical net inflow to an impressive $41.2 billion.
BlackRock’s Bitcoin Spot ETF Narrows Holding Gap with Strategy to 20,000 BTC
As of April 29, BlackRock’s Bitcoin Spot ETF (IBIT) and Strategy are separated by just 20,000 Bitcoins, with IBIT holding 573,869 Bitcoins and Strategy holding 553,555 Bitcoins.
Bitcoin Faces Obstacles but Positioned for $100,000 Surge
10x Research noted that Bitcoin is encountering short-term resistance between $94,000 and $95,000, with bearish reversal indicators and a 95% stochastic reading pointing to downside risks. Despite this, analysts believe it represents a short-term consolidation phase before Bitcoin ultimately breaks above the $100,000 level.
JPMorgan: Stablecoin Market Could Expand to $500–$750 Billion
JPMorgan forecasts the stablecoin market could grow to $500B–$750B. With 70% allocated to U.S. Treasury bonds and 30% to repo agreements, stablecoin issuers may emerge as the third-largest buyers of Treasuries.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.