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Bitcoin ETFs are seeing notable inflows, reflecting renewed institutional interest as BTC climbs above $90,000, though bearish signals in the derivatives market suggest caution.
Bitcoin's sharp rise to over $93,000 follows President Trump's comments confirming Jerome Powell's position as Fed chair, illustrating the growing impact of political and economic factors on crypto markets.
Share link:In this post: US Bitcoin ETFs record $381.40 million in daily inflows on April 21. Total net assets across Bitcoin ETFs reach $97.61 billion. BlackRock’s IBIT leads with $50.02 billion in assets under management.
Share link:In this post: MSTR entered the top 5 of the most actively traded US stocks, with over $4B in volumes happening in 2 hours. The recovery of MSTR started after the latest BTC purchase from April 21. MSTR sparked a rally for other crypto-related or crypto-adjacent stocks.
Share link:In this post: Solana (SOL) got a boost from Canadian ETF buyers. SOL tries to compensate selling pressure from unlocks and fee producers like Pump.fun. Janover rebranded to DeFi Dev Corp and started on a journey of leveraged acquisition of SOL, modeled after Strategy (MSTR).
- 10:02Hong Kong Police: Over 100 Hong Kong Residents Defrauded in "DGCX Xinkangjia" Scam, Four ArrestedAccording to a report by Jinse Finance, Hong Kong police have revealed that they have arrested four local residents on charges of "conspiracy to defraud." The suspects are accused of organizing promotional dinners for the "DGCX Xinkangjia" cryptocurrency scam, recruiting victims, and collecting fraudulent funds totaling HK$3.89 million. Except for a small amount that was withdrawn, approximately HK$3.2 million has yet to be recovered. Police investigations confirmed that DGCX Xinkangjia was a fake trading platform, with at least 118 victims in Hong Kong. The victims' funds were never invested in any real assets; some of the money was used to maintain platform operations, while other portions are believed to have been used to pay withdrawals to other victims. Industry lawyers noted that since DGCX Xinkangjia settled transactions using the stablecoin USDT, this has created significant challenges for the investigation, fund recovery, and victims' rights protection.
- 09:43Sources: Hong Kong Stablecoin Issuer License Applications to Be by Invitation OnlyAccording to ChainCatcher, sources have revealed that Hong Kong's Stablecoin Regulation will take effect on August 1, 2025, at which time the application process for stablecoin licenses will also commence. Unlike the traditional approach where applicants download forms and submit written applications in a standardized manner, the licensing process for stablecoin issuers will be arranged through an invitation-based application system. “In practice, the Hong Kong Monetary Authority, which is responsible for supervising the licensing process, will proactively communicate with prospective stablecoin license applicants to assess whether they meet the basic eligibility requirements. Only those who receive preliminary approval during this pre-communication phase will be issued application forms by the HKMA.”
- 09:25Hong Kong media: Local woman loses HK$4 million in serial crypto scams despite 10 years of investmentOdaily Planet Daily reported that a local woman with over 10 years of experience investing in cryptocurrencies lost more than HKD 4 million in virtual assets after falling victim to two separate scams. The incidents occurred when she failed to obtain a promotional offer on a virtual asset platform and sought assistance from "customer service" on Telegram. Police have reminded the public to always contact customer service through official channels, never to click on suspicious links, and not to disclose personal account passwords or verification codes. (Hong Kong 01)