Welcome back to the Crypto Coinz Hub Blog! Here’s your roundup of today’s biggest stories in crypto.
🚨 SEC Shake-Up: Paul Atkins Steps In
Crypto-friendly Paul Atkins is set to take the helm at the SEC this week, with the industry bracing for potential regulatory shifts. Although confirmed by the Senate on April 9, he has yet to officially take over—reportedly due to scheduling and procedural delays.
Atkins is viewed as a pro-crypto choice, partly because he’s believed to hold between $1 million and $6 million in digital assets.
💰 Solana Whale Bags $153M Profit
A major Solana holder just made headlines after realizing a $153 million profit. The whale staked SOL four years ago when the price was just $27. This week, they unstaked 100,000 SOL and deposited it to Binance.
In April 2021, four major accounts staked a combined $37.7 million in SOL, and they’re now up 5.5x at current prices. Solana has officially flipped Ethereum in staking market cap, prompting firms like Galaxy Digital to shift from ETH to SOL.
📉 Bitcoin Demand Slowing, But Stabilizing
According to CryptoQuant, Bitcoin is showing signs of stabilization, though a strong rebound in demand hasn’t yet materialized. In the last 30 days, apparent BTC demand dropped by 146,000 BTC, a noticeable improvement from the 311,000 BTC decline seen on March 27.
However, demand momentum—which measures new investor interest—has dipped by 642,000 BTC, the lowest level since October 2024.
🪙 Altcoin ETF Frenzy
The SEC is currently reviewing over 70 crypto ETF filings, with XRP, Solana, and Dogecoin leading the altcoin charge. Reviews could take time, given the volume of applications.
🔥 Quick Headlines:
- Crypto market is green across the board today.
- Monad partners with Chainlink Scale.
- Circle launches a new payments network and partners with Fireblocks.
- Omni launches a $10M user incentive program for SolverNet-powered Symbiotic deposits.
Reminder: This blog is for informational purposes only and is not financial advice. Always do your own research before making any investment decisions.
Thanks for reading,
Crypto King