Blockchain has long been hailed as the technology that would decentralize control and hand power back to users. But that vision is evolving especially as governments start deploying their own agendas. Rather than embracing blockchain as a tool for digital freedom, many states are now shaping it into a regulated infrastructure of institutional trust. And The post Beijing Bets On Blockchain For AI And Finance appeared first on CryptoCoin.News .
Arkham recently revealed that on the day when every institutional investor—from FOMO to ARK to Grayscale—decided to sell their Bitcoins, BlackRock made a gambit and bought $970 million worth of it. FIDELITY SOLDARK SOLDGRAYSCALE SOLDBUT BLACKROCK BOUGHT $970 MILLION USD OF $BTC pic.twitter.com/mr1XrcH3NM — Arkham (@arkham) April 29, 2025 This speaks volumes about the trust BlackRock has in BTC, which further consolidates the community's belief that the world's largest crypto could potentially reach new highs. Circumstances like these make finding the best crypto to buy now much more important than ever before. BlackRock Choosing Inflows While Other Institutions Record Massive Outflows BlackRock's continued bullishness around Bitcoin is worth noting, especially since Fidelity Wise Origin, ARK 21Shares, and Grayscale’s flagship Bitcoin ETF have recently recorded outflows. ARK lost over 2.3K BTC, and Grayscale pulled back by 103 BTC. In the case of Fidelity, it saw a one-day withdrawal of 917 BTC. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) added a massive 10,249 BTC in a single day—equivalent to $970 million. At the time of writing, BlackRock now manages 599,000 BTC, making it the largest holder of U.S. spot Bitcoin ETFs. Now the question remains: how could this have happened? A simple answer is that investor confidence in BlackRock outshines that of Fidelity, ARK, and Grayscale. For one, BlackRock’s IBIT offers competitive fees. Secondly, BlackRock’s reputation for stability instills greater investor confidence. And finally, being the world’s largest asset management company, BlackRock’s purchase suggests long-term bullishness—which heavily influences investor sentiment. As institutional FOMO builds around Bitcoin, there is growing consensus among investors that a massive pump could soon hit the crypto market. Preparedness is key to capitalizing on this surge—and that’s why investors should consider picking cryptos that could give them an edge. Best Crypto to Buy Now Bitcoin Bitcoin has currently climbed above the $95K mark and is inching closer to its $96K resistance. A breakout from this level could open the path toward its all-time high—and crossing that threshold may lead to a move toward $120K, provided the rising channel pattern continues to hold. The overall sentiment around Bitcoin remains bullish, and investor interest in it is high. Furthermore, most cryptocurrency experts believe that the start of a new bull rally is imminent. Crypto analyst Ali recently highlighted that a golden cross between the MVRV ratio and its 365-day AMA has formed, which could signal the beginning of that rally. Things are also looking greener by the day on the regulatory front. President Trump’s Executive Director recently stated that a “space race” has commenced among countries to accumulate Bitcoin. "People often ask us how much we want to accumulate," said the Executive Director. "Which I think is a stupid question, because any country would want to accumulate an asset that can store value as much as possible." A golden cross between the MVRV Ratio and its 365-day SMA could mark the start of a new bull rally for #Bitcoin $BTC . One to watch closely! pic.twitter.com/BrDrNOfgEY — Ali (@ali_charts) April 29, 2025 This sentiment could result in Bitcoin catching tailwinds and rising significantly in price—possibly even moving above the $200K mark. BTC Bull While institutional interest in Bitcoin is appreciated, there should be something for retail investors as well—especially those who cannot dive into Bitcoin due to cost constraints. BTC Bull is a project that bridges that gap and creates a nuanced ecosystem around Bitcoin that could give meme coin investors an upper hand. The project follows a simple paradigm: grow when Bitcoin does. It doesn’t rely on market uncertainty or speculation to rise in value—instead, it has introduced mechanics designed to make its growth almost inevitable. Whenever Bitcoin surges by $25K beyond the $100K level, it will trigger token burns and Bitcoin airdrops. Burns will tap into the supply-demand dynamic to drive up the price, while airdrops will provide investors with access to free Bitcoin. This is a simple mechanism that could work in the long term if Bitcoin maintains momentum. And while BTC Bull doesn’t have a distinct identity of its own, even its reliance on Bitcoin could prove fruitful. Fantasy Pepe It’s no secret that the growth of Bitcoin—though primarily driven by institutional interest—eventually trickles down into the meme coin market. That was evident recently when the BTC surge pumped the value of most meme coins. However, the market has since grown volatile, and cryptos like Pepe, while valuable due to their popularity, could use a fresh boost. Fantasy Pepe offers a new take on standard Pepe-themed tokens. By providing an AI-driven ecosystem, it builds a unique narrative centered around fantasy football and popular AI models. In this setup, ChatGPT and DeepSeek act as football managers, leading their memetic teams against one another. Fantasy Pepe token (FEPE) holders can wager on these matches and earn prizes based on accurate predictions. The nature of the prizes varies—ranging from crypto and NFTs to, later on, real-world rewards. Fantasy Pepe is also working to establish partnerships with major football teams, and some visuals on its official website suggest that developments are already underway behind the scenes. Beyond wagering, Fantasy Pepe offers staking perks, providing users with a passive income stream. Currently available via presale, Fantasy Pepe has already raised over $240K. As the market continues to grow, we can expect more activity within this project. MIND of Pepe Another crypto that plays on the Pepe theme is MIND of Pepe . It’s a meme coin that emerged at a time when the AI agent + meme coin narrative was gaining traction. So far, the project has raised more than $8.5 million, and that figure could rise significantly once MIND of Pepe’s AI agent debuts on May 10th. This was one of the key highlights noted by prominent cryptocurrency analyst CryptoNews. As an AI agent crypto, MIND of Pepe fuses both Pepe and AI themes. Its primary purpose is to provide users with market insights and early-moving opportunities. The AI agent will be fully autonomous, offering social media analysis and sharp takes on the current economy. As a meme coin, MIND of Pepe carries a distinct style—no comedic gimmicks, only zen. This unique approach gives it a more grounded, robust vibe, which could help it gain traction and generate value as a viral asset. Final Words BlackRock’s recent Bitcoin purchase has made it clear that Bitcoin is on the path to massive institutional adoption. This could lead to significant traction for BTC and other assets. However, there’s no telling when market conditions might turn volatile again—which is why investors seeking the best crypto to buy now should consider exploring crypto presales as well. Their promise of early-moving gains offers a valuable advantage alongside buying cryptos already being traded on the market. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Exciting news from the world of Ethereum Layer 2 scaling! The Scroll network, a prominent Ethereum rollup project, has officially entered Stage 1 of its development lifecycle. This marks a significant milestone, enhancing the network’s resilience and taking a key step towards greater blockchain decentralization. What is the Scroll Network and Why is Layer 2 Scaling Essential? The Scroll network is built as a Layer 2 scaling solution for Ethereum. Why is this necessary? Ethereum, while robust and secure, faces challenges with scalability. High transaction volumes can lead to network congestion and expensive gas fees. Layer 2 solutions like Scroll aim to address this by processing transactions off the main Ethereum chain (Layer 1) and then posting compressed data or proofs back to Layer 1 for final settlement and security. This approach allows for significantly higher transaction throughput and lower costs, making decentralized applications (dApps) and everyday transactions more accessible and affordable for users. Understanding Scroll’s zk-Rollup Technology Scroll utilizes a specific type of Layer 2 technology known as a zk-rollup . Zero-Knowledge Rollups bundle hundreds or thousands of off-chain transactions into a single batch. A cryptographic proof, called a zero-knowledge proof (ZK proof), is generated for this batch, verifying the validity of all transactions within it without revealing any specific details about the transactions themselves. This proof is then posted to the Ethereum mainnet. The security of the zk-rollup relies on the cryptographic validity of these proofs and the security of the underlying Ethereum Layer 1. Anyone can verify the proof on Layer 1, ensuring the integrity of the state transitions processed on the Scroll network. Stage 1 Reached: Boosting Resilience and Censorship Resistance The recent announcement that Scroll has entered Stage 1 of its Ethereum rollup development is a crucial step. According to a post by Scroll, this stage specifically enables the network to continue processing transactions uninterrupted even in the event of a system failure or censorship attempts. What does this mean in practice? It significantly enhances the robustness and reliability of the Scroll network . Here are some key benefits: Increased Resilience: The network becomes more resistant to technical failures or outages of specific components or operators. Enhanced Censorship Resistance: Transactions submitted to the rollup are more protected against being deliberately excluded or blocked by operators. This is vital for maintaining the decentralized ethos of blockchain technology. Improved Liveness: The network’s ability to remain operational and process transactions consistently is strengthened. Reaching Stage 1 is a clear signal of the project’s progress towards building a more robust and decentralized infrastructure for Layer 2 scaling on Ethereum. The Path Towards Full Blockchain Decentralization Entering Stage 1 is a significant milestone, but it’s part of a broader journey towards full blockchain decentralization for the Scroll network. Rollup development stages are typically defined by the level of decentralization and trust assumptions required for users. While Stage 1 addresses crucial liveness and censorship resistance aspects, future stages will likely focus on progressively decentralizing other components, such as the sequencer (the entity that orders and batches transactions) and the prover (the entity that generates the ZK proofs). The ultimate goal is a permissionless and trust-minimized system where no single entity has undue control, aligning with the core principles of blockchain decentralization . What Does This Mean for Scroll Users and Developers? For users and developers interacting with the Scroll network , reaching Stage 1 provides increased confidence in the platform’s reliability and censorship resistance. This is an actionable insight: building and transacting on Scroll becomes more secure and aligned with decentralized principles. Developers can be more confident in deploying dApps that require high uptime and resistance to censorship. Users can transact knowing their activities are processed on a more resilient Layer 2 scaling solution. This milestone signals that the zk-rollup technology powering Scroll is maturing and moving closer to its fully decentralized vision. Conclusion: A Vital Step for Scroll and Ethereum Scaling Scroll’s entry into Stage 1 for its Ethereum rollup is a vital development. By significantly boosting resilience and censorship resistance, the Scroll network enhances its value proposition as a leading Layer 2 scaling solution. This milestone represents concrete progress on the path towards full blockchain decentralization and reinforces the potential of zk-rollup technology to scale Ethereum effectively. As Scroll continues its development journey, users and developers can look forward to an increasingly robust and decentralized platform. To learn more about the latest Ethereum rollup trends, explore our article on key developments shaping Ethereum Layer 2 scaling.
In a recent statement at TOKEN2049 in Dubai, Changpeng Zhao (CZ) highlighted the prevailing trend in the cryptocurrency market, emphasizing that the primary focus has been on Exchange Traded Funds
It may be against the prevailing view of investors who are fearful over the outcome of the ongoing US tariffs war, and poor economic indicators, but the crypto sector could be lining up for a huge surge over the next few weeks and months. Total2 primed for big surge Source: TradingView Total2 is the chart of the combined market capitalization of all the cryptocurrencies excluding $BTC . The chart shows that the descending trendline has been passed to the upside, and that a new upside phase could be in its early stages. A higher high still needs to be made above $1.1 trillion, and if this can occur, that would be the signal that the trend change is official. At the bottom of the chart, the Relative Strength Index is showing that a crossover of the indicator line with the moving average (yellow) could be about to take place. The last time this happened, back in September 2024, the resulting price surge went up nearly 100%. Bitcoin dominance could top at 66% Source: TradingView Of course, for the altcoins to really fly, Bitcoin dominance must start to reduce. Calling a top for Bitcoin dominance has been a losing pastime for many chart analysts over the last few months. However, it can be seen in the chart above that dominance is reaching the top of the ascending channel, and that the 0.786 Fibonacci is overhead at 66%. It might be imagined that if the top of the channel does not stop dominance increasing, then the last of the Fibonacci levels should put the brakes on. All this said, if crypto is to enter a bear market at the end of this year, or perhaps at the beginning of the next, any decrease in dominance would likely only be temporary, as altcoins would generally fall at a much quicker rate than Bitcoin. A select band of altcoins to accompany Bitcoin to the top? Finally, all charts aside, it does currently appear that Bitcoin could throw off its fetters and surge back to the all-time high and beyond. If it does this, it’s certainly by no means certain that the majority of altcoins will outperform, or even keep up. Things are different in this cycle, and one major difference is the sheer amount of altcoin projects that are now out there. The likelihood of there being enough money to go around and lift all boats is very slim. Even a lot of the altcoins that have been around for a few years have failed to make a case for successful adoption. Therefore, it could just be Bitcoin + a few of the top performers with the best use cases that do well in this next rally. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Bitcoin maximalist Max Keiser expects BTC to pump hard
Bitcoin (BTC) is preparing for a significant price movement as crucial US economic indicators are set to be released, placing traders on high alert. With BTC currently trading at approximately
A federal court in Austin, Texas has ruled that the Office of Foreign Assets Control (OFAC) cannot reinstate sanctions on crypto mixer Tornado Cash. The judgment, handed down by Judge Robert Pitman on April 28, declares the initial sanctions unlawful and permanently blocks the Treasury from enforcing them again. Court Overturns Treasury’s Attempt This development stems from a lawsuit filed by a group of Tornado Cash users, led by Joseph Van Loon, who challenged OFAC’s 2022 decision to block Tornado Cash smart contracts by placing them on the Specially Designated Nationals and Blocked Persons (SDN) list. The plaintiffs argued that OFAC had overstepped its authority by targeting autonomous software protocols rather than identifiable individuals or entities. OFAC had accused Tornado Cash of facilitating money laundering by the North Korean hacking group Lazarus, and had used those claims as justification for its sweeping sanctions. However, the court disagreed with the agency’s legal basis, with the Fifth Circuit later overturning an earlier decision that favored the Treasury. The case culminated in this week’s ruling, which affirms that smart contracts, as immutable pieces of code, do not meet the criteria for sanctionable “property” under U.S. law. DOJ Faces Pressure to Drop Charges Against Tornado Developer While the sanctions battle appears to be over, the legal fight surrounding Tornado Cash is far from settled. On the same day as the court’s ruling, the DeFi Education Fund publicly also urged David Sacks to pressure the Department of Justice into dropping charges against Tornado Cash co-founder Roman Storm. Storm, who is set to go to trial in July , was arrested in 2023 on allegations of aiding the laundering of over $1 billion through Tornado Cash. The charges have further sparked outrage in the crypto community, where many argue that developers should not be held liable for how users interact with open-source code. “This prosecution attempts to criminalize software development itself,” the DeFi Education Fund stated. “If allowed to stand, it could chill innovation and drive talent out of the United States.” The ruling not only deals a setback to OFAC but also raises deeper questions about the future of crypto regulation, privacy tools, and the boundaries of legal liability in the age of decentralized technology. The post Federal Court Bars Treasury from Re-Sanctioning Tornado Cash: Details appeared first on TheCoinrise.com .
CoinGecko has reported that about 52.7% of all cryptocurrencies listed on the GeckoTerminal have become “dead coins” and a majority of those deaths occurred between 2024 and early 2025. There are various reasons for the sharp decline in token survivability, including broader market turbulence, bad fundamentals and platforms that made it exponentially easier to deploy tokens without coding knowledge. What followed was a surge in token deployment as normal people just looking to make a quick buck took advantage. The scale of the failure and the reasons behind it The report claims that the first quarter of this year alone saw the collapse of 1.8 million tokens, which is more than half the tally of project failures on record. 52.7% of all cryptocurrencies listed on the GeckoTerminal have become “dead coins.” Source: CoinGecko While the number of tokens considered dead have increased astronomically, the total number of cryptocurrency projects has also skyrocketed. As of 2021, there were 428,383 projects listed on GeckoTerminal. Now in 2025, that number has skyrocketed to nearly 7 million. As of March 31, 1.8 million cryptocurrency projects have been pronounced dead in 2025, the highest number of failures recorded in a single year. The failures account for 49.7% of all project closures between 2021 and 2025. Other than 2025, which still has several months to go, 2024 was the year that recorded the most failures, with nearly 1.4 million projects failing, which accounted for 37.7% of the overall failure count in the past five years. The year also saw the highest number of launches, with over 3 million new projects entering the market. As of March 31, 1.8 million projects have become “dead coins,” the highest number of failures recorded in a single year. Source: CoinGecko As earlier stated, this huge surge in token deployment can mostly be linked to the launch of Pump.fun, a platform that makes it easy to create tokens. The platform triggered an onslaught of meme coins and low-effort projects entering the market. Before the launch of Pump.fun in 2024, there were considerably fewer cryptocurrency failures. Project failures between 2021 and 2023 made up a mere 12.6% of all cryptocurrency failures over the past five years. Another potential reason for the surge in failures is the broader market volatility since Donald Trump was inaugurated in January 2025, a development that coincided with a downturn in the crypto market despite his embrace of crypto. How to identify dead coins and avoid projects with short life expectancy Dead coins have been around since 2017, when an initial coin offering (ICO) craze gripped the industry. Before the ICOs, the number of available coins was just 29, but after that period, there were over 850 projects, 80% of which turned out to be scams. Platforms that track these dead coins only consider a cryptocurrency dead or abandoned if it has had a trading volume of less than $1,000 within three months. CoinGecko only recognized tokens collectively termed as “cryptocurrencies” that were once listed on GeckoTerminal but are no longer actively traded as dead coins. Interestingly, the recently released report only included Pump.fun tokens that were able to “graduate”, disregarding the millions of other tokens that never reached that threshold. Those too would be in the category of dead coins. A few characteristics that can help anyone identify dead or potentially dead coins include negligible trading volume, no use case, little or no funding and lack of a concrete plan. To avoid them, investors first need to accept the fact that these tokens exist, then carry out extensive background checks, check profit statements, the coin’s availability on exchanges and its trading volumes to determine if a currency is valuable or likely to fail. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
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