ISLAM-ADEL

25 April 2025
Macro/TradFi
U.S. Treasury Secretary Scott Bessent stated that high tariffs with China are unsustainable, as President Trump's administration shows willingness to ease the trade war, offering some relief from recession fears.
Standard Chartered analysis suggests bitcoin is regaining favor as a hedge against systemic risk amid concerns over the U.S. Federal Reserve's independence.
Cantor Fitzgerald teams up with Tether and SoftBank to launch Twenty One Capital, merging with Cantor Equity Partners. Valued at US$3.6 billion, it holds over 42,000 bitcoins, ranking as the third-largest bitcoin treasury globally.
Crypto
L1/L2:
SOL Strategies secures up to US$500M in convertible notes to boost SOL holdings.
Upexi announced on April 21 that it is raising US$100 million, primarily to accumulate Solana cryptocurrency. The brand owner will allocate US$5.3 million for working capital and debt reduction, with the rest funding its Solana treasury operations.
Ethereum Layer 2 Scroll unveils the Euclid upgrade, which promises to slash fees by 90% and enhance throughput and security.
Others:
​​DWF Labs has invested $5 million in Mask Network, a decentralized platform connecting web2 and web3, to support user-owned internet technologies.
Truth.Fi, Trump Media’s fintech arm, partners with Crypto.com to launch "Made in America" ETFs, featuring digital assets and securities in sectors like energy, sold via Foris Capital US LLC.
The US Federal Reserve is lifting its 2022 guidance that discouraged banks from crypto and stablecoin activities. As of April 24, state member banks no longer need to provide advance notice of crypto-asset activities.
Deloitte projects real estate tokenization could dominate property financing and trading, reaching a US$4 trillion market by 2035.
Latest Binance Research Publications 
Check out our latest publications:
Pectra and Fusaka Upgrades: What does it mean for Ethereum?
Tariff Escalation and Crypto Markets: Impact Analysis
Monthly Market Insights - April 2025
That’s a wrap!
Binance Research
About Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.
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Mentre ci avviciniamo al cuore del 2025, gli ETF crypto (Exchange-Traded Funds) stanno assumendo un ruolo centrale nelle conversazioni sull'adozione istituzionale, l'accesso agli investimenti mainstream e il futuro degli altcoin. Da Bitcoin a Ethereum, il viaggio degli ETF crypto si sta evolvendo rapidamente - e ora, stiamo vedendo un interesse che si estende oltre gli asset principali a criptovalute come XRP, BNB e Solana.
Che cos'è un ETF crypto?
Un ETF è un tipo di fondo d'investimento scambiato nelle borse, proprio come le azioni. Un ETF crypto consente agli investitori di avere esposizione alle criptovalute senza possedere direttamente gli asset sottostanti. Invece, il fondo segue il prezzo dell'asset crypto e può essere comprato o venduto proprio come le azioni nelle borse tradizionali.