The crypto industry has seen a wave of significant developments in the last 24 hours, from institutional moves to global regulatory strides.
Here’s a roundup of the top stories shaping the digital asset space today:
Institutional Adoption Surges
MicroStrategy continues to double down on Bitcoin, purchasing 15,355 BTC for $1.42 billion, bringing its total holdings to 553,555 BTC. Similarly, Brazil’s Itaú launched “Oranje,” a Bitcoin reserve initiative with a $210 million investment, signaling a major shift in corporate treasury strategies.
Meanwhile, Standard Chartered Bank and Bernstein analysts both issued bullish predictions, with projections of a new Bitcoin all-time high in Q2 2025, driven by shrinking supply and surging ETF inflows.
Stablecoin Innovation and Expansion
Mastercard announced a game-changing partnership with OKX and Nuvei to streamline stablecoin payments, enabling consumers and merchants to transact with digital assets more efficiently.
In the Middle East, ADQ, IHC, and First Abu Dhabi Bank launched a dirham-backed stablecoin, fully regulated by the UAE Central Bank—marking a pivotal step in strengthening the region’s digital financial infrastructure.
Gold and Crypto Convergence
Tether revealed it had acquired 7.7 tons of gold to back its gold-pegged token ($XAUT), enhancing transparency and trust in its reserve practices. This move reflects the increasing convergence of traditional and digital stores of value.
U.S. Regulatory and Market Shifts
A landmark bill in Arizona (SB 1373), aimed at allowing state investment in Bitcoin, has passed its final vote. If signed by Governor Katie Hobbs, Arizona would 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 after previous regulatory hurdles.
Crypto Payments and Yield Products
MetaMask, CompoSecure, and Baanx have launched a Mastercard-backed crypto card, enabling direct spending of digital assets—a step forward in bridging Web3 wallets with real-world payments.
On the investment front, 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.
Ethereum Network Developments
Tomasz Stańczak of the Ethereum Foundation announced that the Fusaka hard fork is planned for Q3 or Q4 2025. The upgrade is expected to introduce critical scalability and functionality improvements to the Ethereum network.
Outlook
The past 24 hours underscore accelerating momentum in both institutional crypto adoption and global regulatory clarity. With key players strengthening reserves, launching yield products, and developing infrastructure for everyday use, the crypto market appears poised for a transformative Q2.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/crypto-news-some-of-the-most-important-developments-in-the-last-24-hours-april-29-2025/