Wall Street extended gains on Friday as easing tariff rhetoric and strong tech earnings boosted sentiment. The S&P 500 (+0.74%), Nasdaq (+1.26%), and Dow (+0.05%) all closed higher, led by consumer discretionary and tech stocks. Meanwhile, the Fed’s Financial Stability Report flagged rising systemic risks. Attention now turns to upcoming US GDP and jobs data for further economic signals.
In crypto, the global crypto market cap is currently at $2.96tn, having gone as high as $2.99tn on Friday. The total crypto market 24h volume decreased $63.45bn. Bitcoin heald steady above $94k, currently trading around $94,550. Bitcoin currently has a market dominance of 63.2%, the highest since January 2021 according to data from CoinMarketCap. Ether is trading around $1,800.
In the past 24 hours, crypto liquidations totaled $181.95m, with 66% of them long positions.
According to data from SoSoValue, US Bitcoin spot ETFs recorded total net inflows of $379.99 million on April 25, 2025, maintaining a strong streak of institutional interest. BlackRock’s IBIT once again led with $240.15 million in inflows, followed by Fidelity’s FBTC (+$108.04m), Grayscale’s BTC (+$19.87m), ARKB (+$11.39m), and HODL (+$8.08m). The continued broad inflows reflect sustained demand for Bitcoin exposure amid improving market sentiment. US Ether spot ETFs recorded total net inflows of $104.17 million on April 25, 2025, reflecting renewed institutional appetite for Ethereum exposure. BlackRock’s ETHA led the day with $54.43 million in inflows, followed by Fidelity’s FETH (+$35.94m) and Grayscale’s ETH (+$10.20m). Smaller contributions came from Bitwise’s ETHW and Invesco’s QETH (both +$1.80m). Broad-based gains across funds coincide with Ether’s price recovery and strengthening market sentiment.
The Swiss National Bank (SNB) rejected calls to add Bitcoin to its reserves, with President Martin Schlegel citing liquidity and volatility risks at the General Assembly meeting on Friday, saying "Cryptocurrencies also are known for their high volatility, which is a risk for long term value preservation. In short, one can say that cryptocurrencies for the moment do not fulfill the high requirements for our currency reserves" in response to the Bitcoin Initiative group who argued that a small BTC allocation since 2015 could have nearly doubled SNB returns. Officials maintain Bitcoin does not meet reserve standards—despite indirect exposure via holdings in Tesla, Strategy, and MARA.
According to Chainalysis, US President Trump and his allies have earned nearly $900,000 in trading fees over two days from the $TRUMP token after announcing a dinner with the president for the top 220 holders.
Cybersecurity firm Silent Push uncovered that North Korea’s Lazarus Group set up fake US companies, including Blocknovas LLC and Softglide LLC, to target cryptocurrency developers with malware. The FBI has now seized the Blocknovas domain, confirming the operation’s link to sanctions violations and cyber-espionage efforts.
ProShares will launch three XRP futures-based ETFs in the US on April 30, 2025, offering leveraged and inverse exposure to XRP following SEC approval. The new products include the Ultra XRP ETF (2x leverage), the Short XRP ETF, and the Ultra Short XRP ETF (-2x leverage). While ProShares’ futures ETFs move forward, their spot XRP ETF application — along with those from Grayscale, 21Shares, and Bitwise — remains under SEC review.
The world’s first spot XRP ETF, XRPH11, officially launched on Brazil’s B3 stock exchange on April 25, 2025, managed by Hashdex and Genial Investimentos. The fund tracks the Nasdaq XRP Reference Price Index, invests at least 95% of its assets in XRP, and currently manages nearly $40 million.
Bitget announced it will pursue legal action against eight accounts suspected of manipulating VOXEL token trading on its platform, allegedly profiting $20 million through coordinated arbitrage. The exchange said it would return any recovered funds to users via an airdrop and plans to release a full incident report soon.