The cryptocurrency market continued to recover over the past week, because the total capitalization of the cryptocurrency market has violated $ 3 trillion for the first time since the beginning of March.
Bitcoin (BTC) has increased to over a two -month maximum $ 97 $ 300 recently at the end of February, before the announcement of the “Liberation Day” tariffs in the USA, strengthening the forecasts of analysts on the rally driven by the “structural” Institutional Fund and rotary fund of the exchange fund (ETF) for the first cryptrut crypture.
Risk appetite has become growth among cryptographic investors, because Chinese services associated by the state indicated that Trump’s administration quietly contacted Beijing to discuss the reduction of tariffs.
In a wider cryptographic space, Ethereum developers proposed a recent standard to tokens to improve the interoperability of the second largest blockchain network in the world.
Bitcoin up to $ 1 million until 2029
According to the head of European research, head of European research, head of European research, head of European research, head of Europe Bitweise, European research manager, head of Europe Bitweise, European research manager, Andé Dragos, according to the head of Europe Bitwery, Head of European Research, Head of European Research, European Research, Head of European Research, André Dragosch may escalate Bitcoin’s institutional adoption, which can ensure the “structural” inflows necessary to exceed the Gold market capitalization and exceed its price above $ 1 million by 2029.
“Our internal forecast is $ 1 million by 2029, so that Bitcoin suits the market capitalization of the Gold and the total addressed market until 2029,” said CointeLgraph during the chain reaction of the daily space of the X Daily x Spaces show April 30.
Gold is currently the biggest advantage in the world worth over USD 21.7 trillion. For comparison, Bitcoin market capitalization is $ 1.9 trill According to to companies from data.
Dragosch said that in the case of a market cycle in 2025, Bitcoin may exceed USD 200,000 in the “basic case” and USD 500,000.
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Eric Trump: USD
An investment company based in Abu Dhabi, MGX, will employ Stablecoin associated with the family of US President Donald Trump to settle the investment of $ 2 billion in Binance, the world’s largest cryptocurrency exchange in the world.
World Liberty Financial USD (USD 1) Stablecoin in the American dollars was launched by the World Liberty Financial (WLFI) cryptographic platform related to Trump in March 2025.
MGX will employ Stablecoin USD for investments of $ 2 billion in the Binance Stock Exchange, as announced by Eric Trump during a panel discussion at the token2049 in Dubai. Trump, son of the president, is the executive vice president of Trump’s organization.
MGX announced its investment in Binance on March 12, marking the first institutional investment in the stock exchange and one of the largest financing offers in the entire Web3 industry.
At that time, Binance rejected Cointelegraph’s request to reveal what Stablecoin was used in the transaction.
This means the first undertaking of an investment company based in Abu Dhabi in the space of cryptocurrencies.
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Ethereum to simplify transition transactions with recent token standards
Ethereum developers are working on improving blockchain interoperability with two recent tokens standards: ERC-7930 and ERC-7828.
“There is no standard way for portfolios, applications or protocols for interpretation or displaying this information,” wrote a decentralized organization of ecosystem development (DEFs) of the ecosystem post. Wallets, decentralized applications (DAPP), blocks of blocks and clever contracts are in line with various rules.
“As a result? Slopable, inconsistent experience that breaks the UX intersection,” said Wonderland.
Wonderland is a group of programmers, scientists and data scientists who focus on improving the Ethereum Defi ecosystem. Organization partnership With many DEFI protocols, including optimism, Aztec, Connext and Gorn.
In the position, the organization made available what was discussed on a recent merger of the Ethereum Foundation working group. Teddy From Wonderland, he explained that the current goal is to finalize both token standards in the next two weeks. He added:
“We really need feedback about the Eth-Magicians forum.”
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Cryptographic hackers reached DEFs for $ 92 million in April because double attacks from March
Cryptocurrency hackers stole over 90 million dollars in April, inflicting another mainstream of the industry despite constant efforts to improve cyber security.
According to the Blockchain Cybersecchain Blockchain Cybersecurity Smunefi report from $ 92 million digital assets in 15 incidents in April 15.
Total means an escalate of 124% of the month from March, when hackers stole $ 41 million.
The largest hack on the Open Source UPCX platform was the majority of damage in April, with over 70 million dollars of losses, while Kiloex lost $ 7.5 million as the second largest burglary of April.
Kiloex Exploiter returned stolen funds just a few days after the attack.
All reported April attacks directed decentralized financial platforms (DEFI). The report noted that centralized exchanges did not report any incidents within a month.
Immunefi, who claims to aid protect $ 190 billion in user funds, paid over $ 116 million dollars of White Hat hackers.
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The Crypto Group asks Trump about the end of the accusation of Crypto Devs, Roman Storm
The Crypto Lobby Group, the DEFI Education Fund, submitted an application for Trump’s administration to end what claimed that it was an “unlawful prosecution” of Open Source programmers, including Roman Storm, the creators of Crypto Mixing Service Tornado Cash.
On April 28 letter To the cryptography of David Sacks, the group called President Donald Trump “to immediately take action to stop the campaign of the Department of Justice during justice to criminalize the development of open source software.”
The letter specifically mentioned the prosecution of Storm, which was accused in August 2023 for aid in washing over $ 1 billion in cryptography via Tornado Cash. His process is still set to July, and his co -founder, Roman Semenov, is at huge and considered Russia.
The DEFI Educational Fund said that in the case of Storm, the Department of Justice is trying to pull developers for criminally for how others employ their code, which is “basically not only absurd, but is a precedent that potentially strives to develop cryptocurrencies in the United States.”
The group also called to recognize that the prosecutor’s office is contrary to the guidelines of the Department of Crime of the Treasury Department (FinCen) from the first term of Trump, which determined that self-sufficiency programmers, peer-to-peer are not money relays.
“This kind of legal environment not only gives up innovation – freezes them,” they argued. The letter added that “it also authorizes the enforcement of politically and exposes every Open Source programmer to risk, regardless of the industry.”
In January, the Federal Court in Texas ruled that the State Treasury had exceeded its authority, sanctioning Tornado Cash.
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DEFI discussion
According to CointeLraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies according to market capitalization ended a week in Zielony.
The Virtuals (virtual) protocol token increased by over 103% as the largest week, followed by the Solayer token (layer), by over 29% over the past week.
Thank you for reading our summary of the most influential DeFI development this week. Join us next Friday to get more stories, observations and education about this dynamically progressive space.
