Top stories this week
- HashKey Capital Launches Asia’s First XRP Tracker Fund
HashKey Capital, in collaboration with Ripple, has launched Asia’s first XRP tracking fund primarily aimed at institutional investors. This initiative represents a significant push to broaden access to XRP in the region, with plans for potential ETF conversion.
- Deutsche Bank and Standard Chartered Explore U.S. Crypto Expansion
Major banks Deutsche Bank and Standard Chartered are reportedly exploring entering the U.S. cryptocurrency market. This move aligns with growing global interest in crypto services and follows favorable crypto policies under the Trump administration.
- Trump Media and Crypto.com Team Up for ETF Launch
Trump Media has partnered with Crypto.com to launch a series of ETFs that will track cryptocurrencies like Bitcoin and CRO. This collaboration aims to bring new financial products to market and appeal to crypto investors.
- Auradine Raises $153 Million for Bitcoin and AI Technology
Auradine has successfully raised $153 million in a Series C funding round, which will be used to advance their Bitcoin mining and AI technology. This funding highlights the intersection of cryptocurrency and AI advancements.
- Slovenia Proposes 25% Tax on Crypto Profits
Slovenia’s finance ministry is proposing a 25% tax on cryptocurrency profits. This new tax is part of ongoing efforts to regulate the cryptocurrency market and close existing tax loopholes.
- Canary Capital Seeks Approval for Tron ETF with Staking
Canary Capital has filed with the SEC for an ETF focused on Tron (TRX) that includes staking capabilities. This proposed ETF would allow investors to gain staking rewards along with the investment.
- Significant Inflows into U.S. Bitcoin ETFs Amid Ethereum Outflows
U.S. Bitcoin ETFs have experienced a surge with $381 million in inflows, contrasting with Ethereum ETFs that saw $25.42 million in outflows over a nine-week period. This trend reflects shifting investor sentiments.
- Ethereum Transaction Fees Drop to a Five-Year Low
Ethereum transaction fees have plummeted to levels not seen in five years, costing just $0.17 per transfer. This drop raises discussions around potential mass adoption and strategic entry points for investors.
- Top AI Coins to Watch at April’s End
Investors are keenly observing AI-oriented cryptocurrencies as the month of April comes to a close. Certain AI coins have caught attention for their innovation and potential market impact.
- Crypto Exchange eXch to Shut Down Over Fraud Allegations
The crypto exchange eXch is set to shut down on May 1 following allegations related to laundering $35 million from a Bybit hack. This situation has raised concerns over security and regulatory compliance in the crypto space.
Hottest coins of the week
Turbo (TURBO)
Turbo (TURBO) has seen a significant price increase of +83.07% in the last 24 hours and an astounding +170.13% this week, driven by renewed interest in meme coins and the broader market recovery. The cancellation of a restrictive IRS rule has injected optimism into DeFi, sparking innovation and boosting investor confidence. Additionally, with Turbo becoming one of the year’s most talked-about meme coins, its popularity is soaring alongside other trending tokens, capturing the attention of both new and established investors.
DeepBook (DEEP)
DeepBook (DEEP) has seen significant price surges recently, climbing +75.74% in the past 24 hours and a staggering +139.65% over the week. Key drivers of this bullish momentum include its recent listing on major exchanges like Upbit, which boosts its visibility and attracts substantial buying pressure. The strong market performance is further supported by the growing interest in altcoins in the crypto market, propelling DeepBook into the spotlight and fueling investor enthusiasm.
AI Companions (AIC)
AI Companions (AIC) is experiencing a remarkable price surge, advancing by +52.15% over the last 24 hours and an impressive +98.44% this week. This growth is driven by increasing interest in AI-related tokens, as AIC recently reached its highest price since March and led a market cap surge of AI coins. Enthusiasm around the utility of AIC and its appeal within the meme coin community contribute to these significant gains, attracting substantial investor attention and suggesting robust market demand.
Bio Protocol (BIO)
Bio Protocol (BIO) has seen significant price movement with an impressive +29.22% increase in the last 24 hours and an overall +84.30% boost this week, primarily driven by investor confidence in emerging technologies. The optimism stems from the launch of new initiatives like the Omni Foundation’s $10 million incentive program aimed at fostering innovation in decentralized app technology. This surge in strategic development and potential applications is likely encouraging more investment in BIO, driving up its price.
Immutable (IMX)
Immutable (IMX) is experiencing significant price movement, jumping +24.41% in the last 24 hours and achieving a remarkable +59.49% increase this week. This surge is driven by a combination of strong market interest following the SEC’s decision to drop its investigation into IMX, major partnerships, and advancements in the gaming sector. Key developments such as the launch of the Treeverse rewards season and the consolidation of Immutable’s Ethereum gaming networks into the newer Immutable zkEVM are propelling bullish sentiment and interest from investors.
Pudgy Penguins (PENGU)
The price of Pudgy Penguins (PENGU) has seen a notable increase of +31.27% in the last 24 hours and +57.39% this week, attributed to exciting collaborations and strategic expansions. Recent announcements reveal a partnership between Ledger and Pudgy Penguins to produce limited-edition custom devices and cases, igniting investor interest due to the exclusive nature of these products. Moreover, the launch of the PENGU Validator on the Solana network by SOL Strategies further strengthens the coin’s ecosystem, offering secure staking and attractive returns, and placing PENGU at the forefront of trending meme coins amid a market resurgence.
