April 28 Daily Crypto News: Key Takeaways
April 28, 2025 daily crypto news underscore the evolving dynamics of the crypto market:
- Bitcoin remains a magnet for corporate treasuries, with GameStop’s $1.5B bond issuance signaling a potential BTC pivot.
- XRP gains institutional traction via ETF approvals, positioning it as a leader in regulated crypto markets.
- DeFi projects like Haedal Protocol and WLFI are expanding, with airdrops and strategic partnerships driving adoption.
- Stablecoin innovation accelerates as Stripe tests cross-border payments, highlighting blockchain’s role in global finance.
- Macro uncertainties, tempered by US-China financial talks, continue to shape crypto price volatility.
Crypto Market Overview: April 28, 2025
The Daily Crypto News on April 28, 2025, showed moderate volatility, with Bitcoin (BTC) and Ethereum (ETH) experiencing slight declines amid broader market dynamics. The global market cap hovered around $2.95 trillion, down 0.16% from the previous day, reflecting cautious sentiment. Key developments and price movements shaped the day’s trading landscape.
- Bitcoin (BTC): BTC traded at approximately $93,809, down 0.88% in 24 hours. After briefly touching $94,700, it faced resistance at $95,900, with support near $88,000. Volatility was driven by tariff-related uncertainties and reduced trading volumes, though institutional interest via ETF inflows remained supportive.
- Ethereum (ETH): ETH dipped 1.52% to $1,793.69, struggling below the $2,000 resistance. Technical indicators like RSI suggested oversold conditions, hinting at a potential rebound if bullish momentum returns. Macro pressures and the recent Bybit hack continued to weigh on sentiment.
- Notable Altcoins: XRP surged to $3, fueled by ETF approvals and Brazil’s market enthusiasm. Meme coins like $FAT rose 55%, reflecting speculative frenzy.
Market sentiment leaned cautious, with Bitcoin’s dominance at 63.3%. Investors await clarity on US-China talks and tariff policies for directional cues. And many more exciting daily crypto news to come.
Top Crypto News Stories – April 28, 2025
1. GameStop Gears Up for Bitcoin Investment with $1.5B Bond
GameStop has issued $1.5 billion in bonds and holds $4.7 billion in cash, positioning itself for a potential Bitcoin acquisition. The company is strategizing on the amount of BTC to purchase and whether to buy gradually or in one go. This move mirrors the approach of firms like MicroStrategy, aiming to diversify its treasury with cryptocurrency. GameStop’s decision could influence market sentiment, particularly for meme coins, though details remain pending.
2. SEC Greenlights Proshares XRP ETF for April 30 Launch
The SEC has approved Proshares Trust’s XRP ETF, set to debut on April 30, 2025. This follows Ripple’s 2023 legal clarity, affirming XRP’s non-security status. The ETF is expected to boost institutional adoption, despite XRP’s recent price dip below $2 amid market volatility. Investors are hopeful for a rebound as regulatory barriers diminish, marking a pivotal moment for Ripple’s ecosystem.
3. Binance Unveils Haedal Protocol Airdrop Details
Binance Alpha will launch Haedal Protocol (HAEDAL), a liquid staking project on the Sui blockchain, with trading starting April 29, 2025. The second Alpha Point airdrop will distribute $HAEDAL tokens, with eligibility thresholds announced on April 29. Supported by Hashed and OKX Ventures, HAEDAL’s TVL exceeds $200 million, enabling SUI staking for DeFi-compatible haSUI tokens. The airdrop aims to expand the project’s reach.
4. WLFI Founders and CZ Discuss Global DeFi Expansion
World Liberty Financial (WLFI), a Trump-backed DeFi project, met with Binance’s CZ in Abu Dhabi to discuss global outreach and new crypto standards. Having raised $590 million, WLFI plans to airdrop its USD1 stablecoin. Despite regulatory scrutiny due to its Trump ties, partnerships with figures like Justin Sun highlight its ambition to mainstream decentralized finance.
5. Stripe to Trial Stablecoin Payments via Bridge Platform
Stripe will test USD stablecoin payments for businesses outside the US, UK, and EU, using Bridge, a platform acquired for $1.1 billion in 2024. CEO Patrick Collison confirmed the service’s readiness, targeting seamless cross-border transactions for underserved markets. This initiative underscores Stripe’s push into blockchain payments and the rising role of stablecoins in global commerce.
6. US Treasury Signals Potential Financial Deal with China
US Treasury Secretary Scott Bessent, speaking to ABC News, hinted at a possible financial agreement with China after recent Washington talks. Amid trade tensions and Trump’s tariff policies, which have pressured crypto markets, Bessent’s comments suggest a path to stability. With Bitcoin and altcoins facing declines, this development could ease uncertainties for digital asset investors.
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