Crypto News: Some of the Most Important Developments in the Last 24 Hours (April 29, 2025)

The crypto industry has seen a wave of significant developments in the last 24 hours, from institutional moves to global regulatory strides.

Crypto News: Some of the Most Important Developments in the Last 24 Hours (April 29)The crypto industry continues to heat up, with a slew of significant developments emerging in the last 24 hours.

Here’s a glimpse at some of the trends and events shaping the digital asset space.

Institutional Adoption Surges

MicroStrategy has once again increased its Bitcoin holdings, purchasing 15,355 BTC for $1.42 billion. This latest purchase brings MicroStrategy’s total Bitcoin stash to 553,555 BTC, signaling persistent confidence in the flagship cryptocurrency.

In Brazil, Itaú launched “Oranje,” a Bitcoin reserve initiative with an initial investment of eight-digit dollar amounts, aiming to diversify treasury assets and counter inflation.

Standard Chartered Bank and Bernstein analysts have both issued bullish predictions, anticipating a new all-time high for Bitcoin in Q2 2025 as a result of shrinking BTC supply and surging ETF inflows.

Stablecoin Innovation and Expansion

Mastercard is partnering with OKX and Nuvei to streamline stablecoin payments, allowing consumers and merchants to transact with digital assets more efficiently.

In the Middle East, ADQ, IHC, and First Abu Dhabi Bank are launching a dirham-backed stablecoin, fully regulated by the UAE Central Bank, to strengthen the region’s digital financial infrastructure.

Gold and Crypto Convergence

Tether has revealed that it holds 7.7 tons of gold to back its gold-pegged token ($XAUT), enhancing transparency and trust in its reserve practices.

This move highlights the increasing convergence of traditional and digital stores of value.

Here’s Why Bitcoin Is Set to Hit $180K Amid the Biggest Drop Since 2008U.S. Regulatory and Market ShiftsA landmark bill in Arizona (SB 1373), which would allow the state to invest in Bitcoin, has passed its final vote and heads to Governor Katie Hobbs’ desk for signature. Arizona could become the first U.S. state to hold Bitcoin in its treasury.

Also returning to the U.S. market is Nexo, reintroducing crypto savings, trading, and credit lines for retail and institutional users.

Crypto Payments and Yield ProductsMetaMask, CompoSecure, and Baanx are launching a Mastercard-backed crypto card, enabling direct spending of digital assets.

Coinbase is preparing to roll out its Bitcoin Yield Fund on May 1, offering 4–8% annual returns to non-U.S. institutional investors, expanding institutional DeFi offerings.

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