[April 23: CRYPTO MARKET UPDATE-1]
• The Most Published News
Cantor Fitzgerald is planning to launch a $3 billion Bitcoin investment vehicle in partnership with @SoftBank, @Tether_to, and @bitfinex. The new entity, 21 Capital, will be funded through substantial Bitcoin contributions and structured to mirror the successful @MicroStrategy model. This move reflects a surge in institutional crypto interest amid a favorable regulatory environment under the Trump administration.
• Current Market Trends
Bitcoin spot ETFs continued their remarkable inflow streak with a total net inflow of $381 million on April 21 and an even bigger $911 million inflow on April 22, the highest single-day inflow since President Trump’s inauguration. @ARKInvest ARKB and @Fidelity Bitcoin ETFs led these inflows, signaling strong and broad institutional appetite. Bitcoin’s price surged above $90,000 for the first time in 45 days, breaking a key resistance level amid these ETF inflows and weakening USD momentum.
Bitcoin and stablecoins now command roughly 72% of the total crypto market capitalization, with Bitcoin’s dominance rising to 64.6%. In contrast, Ethereum’s relative market share has declined amid recent underperformance.
• Regulations and Policies
President Trump is set to attend the private swearing-in of SEC Chair Paul Atkins, whose pro-crypto stance is expected to prioritize clearer and more favorable digital asset regulations. This appointment could accelerate regulatory decisions on pending crypto ETF applications involving altcoins like $SOL, $XRP, and Dogecoin. Additionally, Coinbase’s recent approval to launch $XRP futures marks an important regulatory milestone, enhancing XRP’s market prospects. Trump Media and https://t.co/n0JNcNCaz9 also announced plans to launch digital asset ETFs under the https://t.co/bL1Bak4NSV brand, pending regulatory approval.
• Technology and Innovation
Ethereum’s internal debate continues as developers publicly refute @VitalikButerin proposal to shift Ethereum’s execution layer to the RISC-V architecture, emphasizing scalability and maintainability concerns. In the Bitcoin ecosystem, Arch Labs secured $13 million in funding to develop the Arch Virtual Machine (ArchVM), aiming to bring smart contract capabilities natively to Bitcoin and simplify decentralized application development, signaling a notable innovation push in Bitcoin’s technology stack.
• Institutional Investor News
Galaxy Digital executed a strategic asset swap by depositing 65,600 $ETH (around $105 million) and withdrawing 752,240 $SOL (approximately $98 million), reflecting a shift from Ethereum to Solana amid ETH’s recent price weakness and Solana’s price resilience. Meanwhile, heavyweight institutional investors, including @BlackRock, @Fidelity , @ARKInvest, and @BitwiseInvest, continue to accelerate Bitcoin accumulation, further fueling ETF inflows. The Galaxy move hints at evolving institutional preferences toward altcoins with growing ecosystem momentum.
• Market Forecasts and Expert Opinions
Market sentiment suggests a rotation of capital out of US equities and bonds into alternative assets like Bitcoin, Euro, and gold amid macroeconomic uncertainties and geopolitical tensions. Experts note Bitcoin’s growing role as a macro asset and safe haven given the recent USD weakness and new SEC leadership. Analyst reports flag improving investor confidence in Bitcoin ETFs as a key driver for sustained price momentum, while Ethereum faces structural challenges that may limit near-term upside.
• Security and Hacking News
The XRP Ledger Foundation issued an urgent warning regarding a potential supply chain vulnerability in the latest XRPL JavaScript library. Discovered by a malware researcher, this backdoor could enable catastrophic attacks if exploited. Developers using the affected library are strongly advised to immediately update to the patched version to mitigate risks, reinforcing the importance of vigilance in crypto infrastructure security.
• Conclusion
The crypto market shows strong bullish signals primarily driven by unprecedented Bitcoin ETF inflows and structural shifts in institutional holdings. Bitcoin’s price breakout above $90K and increasing market dominance validate growing investor confidence amid macro headwinds. Regulatory developments, including the new crypto-friendly SEC chair and ETF expansions, could further catalyze market growth and innovation. However, investors should watch Ethereum’s technology debates and market underperformance, security vulnerabilities like the XRPL issue, and potential regulatory and geopolitical risks with balanced caution. Diversification across Bitcoin-centric products and selective altcoins like Solana may offer strategic advantages as the landscape evolves.
Daily crypto market update is an AI summarization of important news published in major crypto media in the last 24 hours at the time of sending. The full news story can be found at the URL below.
https://t.co/zokRJWaGRk