ARP's Crypto Digest

General Digital Asset Market View:

Bitcoin ETFs staged an impressive rebound this week, drawing in over $3 billion in inflows — the strongest showing since December. April 23 set a new record with $917.67 million in net inflows, fueled by major players like BlackRock, Fidelity, and Ark. Every trading day from April 21 to 25 recorded positive flows, with BlackRock leading the charge, adding $643.93 million on April 23 alone. This five-day streak of strong institutional buying highlights rising confidence among major investors in Bitcoin’s medium- and long-term outlook, playing a key role in driving BTC’s price momentum.

Macro:

The key releases next week include the latest US jobs report, ISM manufacturing and PCE inflation as well as the flash CPIs in the Euro Area. Both will also release Q1 GDP prints. In Asia, the focus will be on the BoJ meeting and April PMIs in China. In politics we have Canadian federal elections and UK local elections to keep an eye on. The second round of US-Japan trade talks will take place this week too (as an aside, Wednesday will mark Trump’s first 100 days in office).

More Crypto:

Base continues to build momentum even in a shaky market.

Its share of L2 activity has surged to 82%, and it’s now crossing 1M daily users and 4M transactions. With $6.3B+ in TVL and fresh innovations like Basenames, the ecosystem is heating up.

Bitcoin’s road to $100K won’t be easy — a major wall of supply looms near $97K.

Around 392,000 BTC were bought at that price, meaning many holders could sell at break-even. This cluster marks a critical resistance zone that the market must overcome.

$BTC futures open interest jumped from $36.2B to $38.6B in under 36 hours — a $2.4B surge.

It’s the highest level since late March, signaling a strong uptick in derivatives activity.

What Happened This Week:

• Trump Media finalizes ETF partnership with Cryptodotcom.

• Tesla held onto its entire $1.05B Bitcoin stack in Q1 2025, with no sales reported.

• Binance Founder CZ met Malaysia’s PM to boost crypto and blockchain innovation.

• Galaxy Digital has swapped over $100M in ETH for SOL over the past week.

• Trump says he has no plans to fire Fed Chair Powell.

• SEC Chair Paul Atkins prioritizes building a strong regulatory framework for digital assets.

What to Look Out For:

• Dutch bank ING is reportedly developing a new stablecoin in collaboration with other TradFi and crypto firms.

• Token2049 Dubai kicks off April 30 — May 1, bringing together over 15,000 attendees, 200+ speakers, and 500+ side events.

• Sol Strategies unveils $500M convertible note facility to acquire Solana $SOL.

• DeFi Dev Corp files $1B shelf, may buy Solana with proceeds.

What we enjoyed reading and listening to:

• Stablecoin B2B Payment is all about Workflows, not Payment itself — Link

• The Two Faces of AI Agents on the Blockchain — Link

• AI 2027 — Link

• Beyond Tariffs: What the U.S. Can Learn from China’s Industrial Playbook — Link

• What’s next for AI at DeepMind, Google’s artificial intelligence lab | 60 Minutes — Link

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