ChainCatcher news, according to The Block, BlackRock's head of digital assets Robert Mitchnick stated at the Token2049 event in Dubai that there is a massive inflow of funds into Bitcoin ETFs, and the investor structure is shifting from retail to institutional.Mitchnick pointed out that in the early stages of ETF launches, participation was mainly from retail clients, including high-net-worth individuals with holdings exceeding $100 million. However, the proportion of retail clients has gradually decreased each quarter, while the share of institutional and wealth management clients has been continuously rising. Regarding altcoin ETFs, he mentioned that current market interest is still primarily focused on Bitcoin, as Bitcoin's attributes as a portfolio hedging tool differ from those of other cryptocurrencies.

ChainCatcher news, according to CNBC, Eric Trump, vice president of the Trump Organization and son of Donald Trump, publicly criticized the traditional financial system at a cryptocurrency event in Dubai, stating that the SWIFT system is inefficient and that the banking industry will be eliminated in ten years if it does not reform.He stated, "The modern financial system has collapsed, it is slow and costly. Everything that blockchain technology can do will be better than the way current financial institutions operate. SWIFT is a disaster. Our banking system favors the super-rich.What really got me into the (cryptocurrency) space is realizing that our banking system is being used against the vast majority of people in our country. This forced me into the world of cryptocurrency. I tell you, if banks do not pay attention to the upcoming changes, they will go extinct in ten years."He also praised decentralized finance as a way to bypass the costs and lack of privacy associated with traditional banks.In recent years, Eric Trump has frequently visited this desert emirate, as it has rapidly become a global center for cryptocurrency.

ChainCatcher message shows that the Trump family's crypto project WLFI issued approximately 1 billion USD1 this morning, currently rising to 57th place in the cryptocurrency market capitalization ranking. WLFI posted on the X platform, seemingly disclosing plans to temporarily halt the issuance and stated: "The mission is complete, we can shut it down now."

ChainCatcher news, according to a press release, the Chicago Board Options Exchange (CBOE) has announced that it has begun offering its new Cboe FTSE Bitcoin Index futures trading.These new cash-settled futures contracts are based on the FTSE Bitcoin Index (code: XBTF). XBTF futures contracts are listed exclusively on the Cboe Futures Exchange and are expected to provide market participants with another versatile tool to express their views on Bitcoin or manage risk. XBTF futures are cash-settled contracts, meaning they are settled in cash at expiration, eliminating the complexities of physically delivering Bitcoin.XBTF futures are settled on the last business day afternoon (P.M) of each month. They are based on the XBTF index developed in collaboration between FTSE Russell and Digital Asset Research, which represents one-tenth of the value of the FTSE Bitcoin Index.

ChainCatcher news, according to CoinDesk, JPMorgan analyst Kenneth Worthington predicts that Robinhood (HOOD) may struggle to sustain its record cryptocurrency trading revenue in the fourth quarter of 2024, with a potential decline in digital asset trading volume in the first quarter of 2025. The trading platform is set to announce its first-quarter financial results after the market closes on May 1, Eastern Time.The report shows that Robinhood's cryptocurrency trading revenue surged 700% in the fourth quarter of last year, driving a significant increase in overall trading revenue. However, due to the dual impact of a stock and bond market downturn in the later part of the first quarter and a correction in the cryptocurrency market, it is expected that the trading volume for that quarter will drop from $71 billion in the fourth quarter to $52 billion. The assets under custody (AUC) are expected to decline by 5% quarter-over-quarter to $183.3 billion, but still show a year-over-year growth of 41%.Although retail buying was stimulated by U.S. tariff policies in early April, analysts believe this is unlikely to reverse the downward trend in the first quarter. Weak demand for margin and derivatives trading may further drag down performance. JPMorgan maintains a "neutral" rating, lowering the target price by $1 to $44, implying about a 10% downside from the current stock price of $49.

ChainCatcher message, Cboe announced on social media that the Cboe FTSE Bitcoin Index futures are now live for trading, with the stock code XBTF.XBTF is a cash-settled contract, which means that positions will be settled in cash at expiration, eliminating the complexities of physically delivering Bitcoin.

According to ChainCatcher news, the UK government has today released a draft regulation for crypto assets on the official website of the Treasury. This regulation formally brings cryptocurrency exchanges, dealers, and agents into the regulatory framework, requiring compliance with standards of transparency, consumer protection, and operational resilience. Chancellor of the Exchequer Reeves stated that improving regulation will help enhance investor confidence, promote the development of financial technology, and protect public interests. The UK will continue to collaborate with the US on digital assets and plans to expedite the implementation of legislation.

ChainCatcher news, according to CoinDesk, the UK government released a consultation document for a cryptocurrency legislation draft on April 29, planning to add regulated activities, including operating cryptocurrency asset trading platforms and issuing stablecoins.In addition, the draft also covers regulatory frameworks such as market abuse, listing, and disclosure systems. Although relevant consultations were initiated during the Conservative government's term in 2023, the Labour government has stated that it will continue to advance the previous government's cryptocurrency plans. This initiative aims to regulate the cryptocurrency industry, protect investor interests, and promote healthy market development.

ChainCatcher news, according to CoinGecko data, today marks 100 days since Trump's inauguration, and the total market capitalization of cryptocurrencies has rebounded to $3.084 trillion. On the day he officially took office for his second term (January 20), the total market capitalization of cryptocurrencies was $3.621 trillion, and the market has evaporated $537 billion in value.

ChainCatcher news, according to Alternative.me data, today's cryptocurrency Fear and Greed Index has risen to 60 (yesterday the index was 54), indicating that the market has shifted from a "neutral state" to a "greed state".

ChainCatcher news, according to PRNewswire, FTX Exchange and the FTX Asset Recovery Trust Fund have filed lawsuits against two token issuers to recover their entitled token assets. The two issuers are NFT Stars Limited and KUROSEMI INC. (Delysium).FTX stated that after multiple attempts to communicate with these issuers were unsuccessful, they had no choice but to take legal action. Currently, FTX is reaching out to other token and cryptocurrency issuers, and if the relevant parties fail to respond in a timely manner, FTX will file more lawsuits.

ChainCatcher message, according to the latest analysis by 10x Research, Bitcoin is currently facing resistance in the $94,000-$95,000 range, with two reversal indicators turning bearish and the stochastic oscillator rising to 95%, suggesting short-term downside risk. However, analysts believe this only represents a short-term consolidation phase before breaking through $100,000.

ChainCatcher message, according to SoSoValue data, the encrypted market sector generally retraced, with Bitcoin (BTC) down 1.15% in 24 hours, briefly falling below $93,000. Ethereum (ETH) dropped 2.36%, falling below $1,800. Only the NFT and PayFi sectors maintained an upward trend, with the NFT sector rising 3.47%. Within this sector, Pudgy Penguins (PENGU) has continued to rise recently, increasing 30.59% in 24 hours, and Magic Eden (ME) rose 6.92%. The PayFi sector increased by 2.60%, with XRP and Monero (XMR) rising 3.22% and 17.79%, respectively.Meanwhile, the cryptocurrency sector indices reflecting historical market performance show that the ssiNFT and ssiPayFi indices rose 6.42% and 2.40% in 24 hours, respectively, with the ssiNFT weekly return rate reaching 38.47%.Also performing well is the decentralized storage protocol Walrus (WAL) from the Sui ecosystem, which rose 17.86% in 24 hours.In other sectors, the CeFi sector fell 0.62%, the Layer1 sector dropped 1.54%, and the Meme sector decreased 1.69%, with Bonk (BONK) and Fartcoin (FARTCOIN) rising against the trend by 4.05% and 10.24%, respectively. The AI sector fell 2.50%, but Bittensor (TAO) and ai16z (AI16Z) rose by 1.51% and 2.01%, respectively. The DeFi sector decreased by 3.29%, and the Layer2 sector fell by 4.10%.

ChainCatcher news, according to Opensea data, the NFT project Pudgy Penguins has been active in the past 7 days. The project had a trading volume of 2,097 ETH in the past week, an increase of 242% compared to the previous period; the number of transactions was 197, an increase of 213%; the floor price rose to 11.5 ETH, an increase of 20%.

ChainCatcher news, according to Alternative.me data, today's cryptocurrency Fear and Greed Index has dropped to 54 (yesterday the index was 61), indicating that the market has shifted from a "greed state" to a "neutral state".

ChainCatcher news, according to Ronin co-founder Psycheout, due to the development team 0x& behind Ragnarok Monster World violating the agreement between both parties and secretly signing collaborations with other blockchains, the partnership will be terminated. Within the next 48 hours, the Ragnarok Monster World project and its assets will be removed from Sky Mavis products, and its NFTs will no longer be tradable on Ronin Market.