SEC Postpones Staking and ETF Trading Decisions Until June
The U.S. Securities and Exchange Commission (SEC) has postponed its decisions on Ethereum staking and crypto ETF share buybacks until June. Grayscale’s staking approval for Ethereum ETFs has been postponed until June 1, while the VanEck and WisdomTree ETFs are postponed until June 3.
The SEC cited the SEC’s preparations for a more comprehensive crypto regulatory strategy as the reason for the postponement. The commission’s special crypto task force is holding meetings with industry representatives to lay the groundwork for new rules. In the process, many of the previous administration’s tough steps have been rolled back.
Spot Solana ETFs Launch This Week in Canada
Multiple spot Solana ETFs are launching in Canada on April 16. According to Bloomberg analyst Eric Balchunas, the Ontario Securities Commission (OSC) has approved managers such as Purpose, Evolve, CI and 3iQ to launch ETFs that include SOL. These funds will be able to offer investors returns by staking a portion of their SOL holdings.
This development in Canada would be one of the first examples of spot altcoin ETFs. In the US, the SEC has yet to approve altcoin ETFs. Currently, only spot Bitcoin and Ether ETFs are trading, and staking practices are still prohibited. The earliest date for staking on Ether ETFs is expected to be May.
JPMorgan Launches GBP Blockchain Payments in the UK
JPMorgan’s blockchain arm Kinexys has launched 24/7 blockchain payment accounts denominated in British pounds (GBP) in the UK. The move is a significant addition to its existing euro (EUR) and dollar (USD)-based services. London Stock Exchange Group’s (LSEG) SwapAgent unit and commodities giant Trafigura were among the first users.
The new system offers institutional clients real-time forex transactions, including weekends, on-demand fund access and automated liquidity management. Operating since 2019, Kinexys has reached a transaction volume of over $1.5 trillion to date. Institutions such as SwapAgent and Trafigura aim to establish more flexible and programmable payment infrastructures by going beyond traditional trading hours with this technology.
Metaplanet Increases Bitcoin Reserve to 4,525
Japanese technology firm Metaplanet has increased its total Bitcoin reserve to 4,525 by purchasing an additional 319 BTC. The company’s purchase was made at an average price of $83,147 per BTC. The total reserve cost exceeded $ 408 million. With this move, Metaplanet became the 9th largest Bitcoin holder among publicly traded companies.
This purchase, which is part of an aggressive BTC strategy launched in December 2024, aims to increase the company’s digital asset yield per share (BTC Yield). The first quarter 2025 BTC return was measured at 95.6%.
Strategy Bought Another 3,459 BTC
Strategy, a Bitcoin-focused investment firm managed by Michael Saylor, purchased another 3,459 BTC between April 7 and 13. The average cost of the purchase was $ 82,618, while the total amount was approximately $ 286 million. This brings the company’s total BTC reserves to 531,644.
The company financed its latest purchase by selling 959,712 MSTR shares as part of the Common ATM stock sale program. The sale generated $286 million. The purchase came after a brief one-week hiatus. The company recently reported $6 billion in unrealized losses on its BTC holdings, but Saylor has indicated that it has no intention of selling. At current prices, there is approximately $9 billion in unrealized gains in its BTC portfolio. Strategy currently owns 2.5% of the total BTC supply and continues to lead the institutional market in this area.
Mantra Blames Centralized Platforms
On April 13, the OM token lost more than 90% of its value, falling from around $6.30 to below $0.50. Its total market value fell from $6 billion to $530 million. In the following hours, the token recovered to $ 0.71, but the loss is great.
Mantra co-founder Mullin argued that the decline was due to sudden liquidations made on centralized platforms. These transactions, especially during low liquidity hours, were described as “negligent or intentional.” However, suspicions of insider selling have increased within the community. Analysts think that large OM wallets made high transfers to exchanges and that this could be an insider effect. While the Mantra team argues that the tokens in their hands are locked and no sales were made, it was stated that more data will be shared.
Florida to Adopt Bitcoin as a Strategic Reserve
Florida Senator Joe Gruters announced that the state will be a pioneer in including Bitcoin in its financial reserves. Bill S0550, introduced on March 4, authorizes Florida’s chief financial officer to invest 10 percent of significant funds in Bitcoin. The law also grants authority to the Board of Governors, which manages the state’s retirement funds.
Gruters said they want to position Florida as a national center for Bitcoin adoption and will follow President Trump’s Bitcoin reserve strategies as an example. Florida’s innovative policy on digital assets is in line with the state’s vision for economic autonomy and financial independence.
Tether Expands Bitcoin Mining in Africa via OCEAN
Tether has decided to expand its operations in Africa by using the OCEAN Mining pool in order to increase decentralization in Bitcoin mining. The company will integrate the DATUM protocol, which allows miners to create their own block templates without the need for central servers, into its operations. This system will enable high-performance mining even in regions with low internet connectivity.
Tether aims to provide broader access to the Bitcoin ecosystem by combining this step with infrastructure investments and financial literacy efforts in the African continent. It will also use DATUM in new mining areas around the world. OCEAN executives emphasized that Tether’s participation strengthens their vision for censorship-resistant and open-access Bitcoin mining.
Nvidia to Invest $500 Billion in US AI Production
Nvidia announced that it will invest $500 billion in the US to move the production of its AI supercomputers. The decision was made after the US trade policies against China and increased pressure on production. The company will focus on the production of Blackwell chips and supercomputers by establishing new facilities in Phoenix, Arizona, and Dallas and Houston, Texas.
Manufacturing partners include Foxconn, Wistron and Taiwan Semiconductor, which produces Nvidia’s high-end chips. The move aims to strengthen Nvidia’s supply chain and meet demand. The investment decision was also supported by the White House, while the Trump administration evaluated this move as the “Trump effect.”
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BITCOIN (BTC)
BTC is trading at $ 85,730 as of the morning hours with a 1.34% gain. It is consolidating at 85,700 levels by recovering strongly from the demand area in the 76,000 USDT region. If a close is achieved above it, the 86,388 resistance will be the first target, while if this is exceeded, the 88,765 level may come to the fore. In possible pullbacks, the 83,858 support and the 76,606 region below it pose a risk of being tested again. The current price structure shows that the upside potential may continue in the scenario where a breakout supported by volume comes.
ETHEREUM (ETH)
ETH is priced at $ 1,645 as of the morning hours with a 1.33% gain in value. After the sharp decline in the past days, it returned from the 1,550 region and showed a recovery towards the resistance area in the 1,700 – 1,770 band indicated by the blue box. Since this region has worked as a supply region in the past, it may face selling pressure again. If ETH manages to break this resistance band, the 1,853 level may be targeted as the next resistance. Otherwise, 1,600 and 1,550 supports may come into play again.
RIPPLE (XRP)
XRP is trading at $ 2.15 with a 1.25% gain as of the morning hours. It is showing a strong hold above the Fibonacci retracement levels. The price, which is moving horizontally around the 2.1405 level, may continue its upward potential as long as it protects the 2.1139 support. While the first target in the continuation of the rise will be the psychological level of 2.20, closing below 2.1139 should be followed carefully in pullbacks.
AVALANCHE (AVAX)
AVAX is trading at $ 20.02 as of the morning hours, losing 0.3%. It has made a strong return from the 17.74 level and has switched to a horizontal pricing at 20.08 levels. Below, the 17.74 and 16.47 supports should be followed as important buying areas. In upward movements, the 21.65 and 23.46 levels stand out as potential resistance. Especially exceeding 21.65 is of critical importance for the continuation of the trend.
SOLANA (SOL)
SOL is trading at $ 131,550 as of the morning hours, gaining 1.66% in value. After the last rise, it gained upward momentum by finding support at the 124 USDT level. The price is currently in a horizontal consolidation process at 131.52 and has approached the strong resistance zone in the 136-140 band. This resistance should be monitored carefully as it previously worked as a seller zone. If the price can maintain its stability above this zone, a new uptrend may be triggered. Otherwise, support at level 124 can be tested again.
