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Here's a quick preview of today’s content: Bybit looks to also take over TradFi, analysts think corporate balance sheets will hold 12 figures worth of bitcoin in 5 years, Kevin O’Leary allocates 1/5 of his capital to crypto, Arizona strategic bill struck down, Nomad Bridge hacker arrested in an airport, French police find kidnappers who tortured the wealthy crypto holder’s son, and so much more below.

Happy Tuesday, Let’s see crypto have a 9 day streak like the S&P 500 🤞 

Let’s dive in.

Market Snapshot

• Bitcoin fell below $95,000 as altcoins also wavered

  • SHIB has experienced a significant downtrend, falling -7.4% from its peak of $0.00001375 to $0.00001274

  • Despite current volatility, on-chain data reveals growing institutional confidence in SHIB's long-term prospects, with April 2025 seeing the addition of 109 new millionaire wallets

• The Federal Reserve is expected to hold interest rates steady this week

  • Traders are penciling in a 97% chance that the central bank will maintain a target range of 4.25% to 4.5% for a third meeting in a row

  • The president floated tariffs on foreign movies this weekend

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Kevin 'Mr. Wonderful' O’Leary allocates 19% of investments to crypto and predicts crypto to be the 12th sector of the economy (YF)

• Yesterday marks 7 years since the day legendary investor Warren Buffett called Bitcoin 'rat poison squared' - he also just announced he’s retiring from CEO of Berkshire Hathaway (BW)

• Binance founder CZ relives his prison sentence via Rug Radio saying “It’s not fun” - see all the statements here

• The SEC held off on giving the green light to Canary Capital's application for a spot Litecoin ETF (DT)

• The terms 'cryptocurrency' and 'stablecoins' hit new record of mentions in SEC filings in April (TB)

• VanEck makes first move for BNB ETF in the United States (CT)

• Bybit will allow stocks and commodities trading on its platform by Q3 according to CEO Ben Zhou (CN)

• Ripple announces first of its kind $25M fund aimed at digital asset education in the U.S. (NB)

• Bernstein analysts see a path for $330B of BTC could be bought by corporations before 2030 (BM)

• Selmer Scientific becomes one of the largest corporate bitcoin holders with latest $16M buy (BM)

• Bitcoin mining firm Riot produces 463 bitcoin in April, up 23% YoY (BM)

• Vitalik shoots for 100x transaction speed for Ethereum with latest architecture proposal (DT)

• Binance and Kyrgyzstan sign MoU to create blockchain education across the country (CT)

• Stablecoin giant Tether CEO announces Tether.AI, enabling decentralized artificial intelligence (CD)

• Kyrgyzstan to debut a gold backed dollar-pegged stablecoin with $500M of gold in Q3 (CD)

• Chainlink introduces new staking incentive program rewarding tokens from other projects (DT)

• Vulnerabilities in confidential tokens product leads to Solana bug-patch (BW)

A Message from BOXABL

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Disclosure: This is a paid advertisement for BOXABL’s Regulation A offering. Please read the offering circular here. This is a message from BOXABL. *Reserving a Nasdaq ticker does not guarantee a future listing on Nasdaq or indicate that BOXABL meets any of Nasdaq's listing criteria to do so.

Venture Capital

• Last week crypto startups raised $213M, with Alpaca leading the way with a $52M Series C from Derayah Financial, 850 Management, National Investments Company, Unbound and Portage Ventures - see last weeks raises here

• Doppel announces $35M Series B led by Bessemer Venture Partners at a $205M valuation (DP)

• aZen completes $1.2M seed round from Waterdrip Capital alongside DWF Ventures, Rootz Labs, and other investors (CC)

• Sidekick, Brandon Millman, and other angels back Solana memecoin launchpad Boop (CH)

• Tea-Fi raises undisclosed funding from Istanbul investor Castrum Capital (CH)

Regulation

• Senate Democrats Shumer and Warren privately urged to withhold support from stablecoin bill for more concessions (TB)

• Arizona Governor Hobbs vetoes bitcoin strategic reserve bill, calling it an ‘untested investment’ (DF)

• Sam Altman’s World identity project suspended in Indonesia due to suspicious activity (CT)

Cybersecurity

• French police arrest 5 men related to crypto millionaire hostage situation that lead to fingers being chopped off (TB)

• Bat Yam arrested in an airport to be extradited to the U.S. related to 2022 Nomad Bridge hack (JP)

• Proxystudio developer leaves Clanker and outed as Valendrome thief stealing $350k (DF)

• New York Post X account exploited to funnel crypto holders to malicious Telegram trap (CCN)

• Curve Finance and Tron DAO had X accounts hacked that cost victims $45k (CT)

Extra Reads

• Tech giants Epic Games and Apple have been duking it out in court for years now, and Apple was just handed a ruling that’s changed the US App Store’s rules

  ICYMI: What Epic Games’ App Store ruling means for crypto

• US crypto exchange Kraken has detailed a North Korean hacker’s attempt to infiltrate the organization by applying for a job interview

  Read the story of how they found out

• Crypto venture funding reached $4.9 Billion in the first quarter of 2025

  
  A full breakdown of why and what could be in store for the rest of the year

Chart of the Day

Buying the dip? ETH supply on exchanges have now hit a 9 year low 👀

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