KEYTAKEAWAYS
- Roswell, New Mexico becomes the first US city to adopt a Bitcoin reserve, planning to hold donations for at least 10 years before using funds once they reach $1 million to support elderly residents and emergency response.
- Bitcoin ETFs see $128 million in daily net inflows with BlackRock's product leading contributions, while $31.2 trillion in capital still remains restricted or prohibited from Bitcoin ETF investment across major US wealth platforms.
- Ethena partners with TON to provide stablecoins to over one billion Telegram users, offering 10% annual yields in TON tokens plus additional rewards on balances up to 10,000 tsUSDe per wallet.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. Whale Unstakes $13.5M in SOL After 10 Months
According to Onchain Lens monitoring, a whale account unlocked 92,663.58 SOL after 10 months of staking, with a market value of approximately $13.51 million. The account initially staked 87,109.43 SOL and earned 5,554 SOL, but still faced a loss of approximately $500,000.
2. Roswell Becomes First US City to Adopt Bitcoin Reserve
The New Mexico city of Roswell has officially adopted BTC as its reserve asset, becoming the first US city to embrace a Strategic Bitcoin Reserve.
The city has received its first BTC donation of 3,050,323 satoshis (about 0.0305 BTC), valued at approximately $2,906, as seed money to initiate the reserve proceedings.
According to the city’s official filing, Roswell plans to hold Bitcoin donations and sponsorships for at least 10 years. Once the fund reaches $1 million, 21% of the BTC fund can be used every five years with unanimous City Council approval, prioritizing subsidizing water bills for local elderly residents and supporting emergency disaster response efforts.
3. GORK Meme Coin Reaches $50M Market Cap Within 5 Hours of Launch
According to Moonshot Listings monitoring, Moonshot has launched the Solana on-chain meme coin GORK (New XAI gork). GMGN data shows GORK’s market capitalization exceeded $50 million within 5 hours of its launch, currently reported at $45 million, with a trading volume of $123 million in 5 hours.
BlockBeats notes: Meme coin trading is highly volatile and largely relies on market sentiment and speculative hype, having no actual value or use cases, investors should be aware of the risks.
4. Bitcoin ETFs See $128M Net Inflow, Ethereum ETFs Gain $24.75M
According to Lookonchain, 10 Bitcoin ETFs achieved a net inflow of 1,366 BTC today, equivalent to about $128 million. BlackRock’s iShares received an inflow of 2,273 BTC in a single day and currently holds 601,209 BTC, worth about $56.11 billion.
During the same period, the net inflow of 9 Ethereum ETFs was 14,140 ETH, equivalent to about $24.75 million. Fidelity received 13,988 ETH in a single day, with current total holdings reaching 416,732 ETH, valued at about $729 million.
5. US Stocks Recover From Early Losses as Economy Contracts
US stocks recovered from steep early-session declines on Wednesday as Wall Street capped a volatile month. The S&P 500 rose more than 0.1% after an early drop of more than 2%, while the Nasdaq closed just below the flatline. The Dow Jones Industrial Average climbed more than 0.3% to extend its longest win streak of 2025.
An update on gross domestic product showed the US economy contracted at an annual rate of 0.3% in the first quarter, primarily reflecting increased imports as Trump’s tariff push rattled confidence. Markets wrapped up a tumultuous April, with the Dow dropping more than 3% for the month.
Stocks climbed out of session lows after a Chinese social media account affiliated with state-run media posted that the US had been reaching out to China seeking to negotiate on tariffs.
NOON NEWS
1. Bank of Japan Keeps Rates Steady, Cuts Growth Forecasts
The Bank of Japan kept interest rates steady and sharply cut its growth forecasts on Thursday, suggesting uncertainty surrounding US tariffs and the hit to exports could keep policy in a holding pattern for some time.
BOJ Governor Kazuo Ueda said the timing for underlying inflation to converge toward the central bank’s 2% target has been “pushed back somewhat” as trade tensions cloud the outlook, but he expects conditions for further rate hikes to eventually materialize.
The BOJ cut its economic growth forecast for the fiscal year ending March 2026 to 0.5% from 1.1% projected three months ago, and slashed its growth forecast to 0.7% from 1.0% for the following fiscal year.
2. Scallop Surpasses $5M in Revenue, Distributes $200,000 to Token Holders
Scallop, the leading lending and borrowing protocol on the Sui blockchain, has surpassed 5millionintotalrevenueandachieveda1125 million in total revenue and achieved a 112% surge in its native token price ( SCA) over the past 30 days. To celebrate this milestone, Scallop is distributing $200,000 worth of sSCA tokens to veSCA holders.
With a Total Value Locked (TVL) of $131 million and over 34 million $SCA tokens—more than 10% of the total supply—locked for an average of 3.72 years, Scallop has solidified its position as the top money market on Sui.
Eligible veSCA holders can claim sSCA tokens directly for immediate use or lock them to unlock bonus rewards the following week. A snapshot of eligible wallets holding at least 2,500 veSCA will be taken on May 2, 2025, at 8:00 AM GMT+8.
3. Whales Invest Over $4M in FARTCOIN
According to Onchain Lens monitoring, a large amount of funds have recently flowed into FARTCOIN. Whale 1 withdrew $2 million in USDT from Kucoin through a newly created wallet to purchase 1.7 million FARTCOIN at a price of $1.17 per coin.
Whale 2 spent $2.03 million in USDC to purchase 1.8 million FARTCOIN at a price of $1.13 per coin. It currently holds 3.68 million FARTCOIN with a market value of approximately $4.63 million.
4. Trump Announces Additional Dinner Seat for Best $TRUMP Meme Creator
The official TRUMP announcement states that with 12 days remaining in the campaign period for the exclusive dinner event for the “top 220 token holders,” President Trump has decided to open an additional seat to the community to collect the best $TRUMP themed memes.
The official team will select the best works from the content shared and replied to in the event post on social media to showcase to Trump himself, and one person will be chosen to attend the dinner on May 22.
5. Ethereum ETFs Record $2.36M Net Outflow
Data from SoSoValue shows that yesterday (Eastern Time, April 30) the total net outflow of Ethereum spot ETFs was $2.3599 million.
The Ethereum spot ETF with the highest net inflow yesterday was Fidelity ETF FETH, with a net inflow of $5.7953 million for the day. Currently, FETH’s historical total net inflow has reached $1.458 billion.
The Ethereum spot ETF with the highest net outflow yesterday was Grayscale Ethereum Trust ETF ETHE, with a net outflow of $7.1321 million for the day. Currently, ETHE’s historical total net outflow has reached $4.291 billion.
As of publication, the total net asset value of Ethereum spot ETFs is $6.17 billion, and the ETF net asset ratio is 2.85% of total Ethereum market value. The historical cumulative net inflow has reached $2.481 billion.
EVENING NEWS
1. $31.2 Trillion Still Restricted from Bitcoin ETF Investment
As of April 30, 2025, a total of $31.2 trillion in capital remains restricted or prohibited from investing in Bitcoin ETFs on major U.S. wealth management platforms. This includes institutions like Vanguard, which completely ban such investments, and platforms that impose restrictions based on account type, net worth, or disclosure exemptions.
In contrast, platforms such as Charles Schwab, Fidelity, and Wells Fargo have granted full access to Bitcoin ETFs. U.S. wealth platforms provide investment advice, asset allocation, financial management services, and financial products to high-net-worth individuals, families, or institutions.
2. ETH Whale Increases Short Position to 10,000 ETH
According to monitoring by on-chain analyst Ember, the whale who had shorted ETH at $1,800 several times recently has currently shorted 10,000 ETH (about $17.9 million) at an average price of $1,791, with a floating loss of $510,000.
The whale continued to borrow money to short sell 4,000 ETH in the past hour, bringing the total short position to 10,000 ETH. The average short selling price is $1,791, and the current floating loss is $510,000.
3. Dormant Wallet Swaps $5.18M USDC for Bitcoin
According to Onchain Lens monitoring, a wallet became active after being idle for two months and exchanged 5.18 million USDC for 53.87 WBTC at an average price of $96,160.
The wallet received these USDC from @Chainflip, and also received 119.73 ETH worth $218,000.
4. Ethena Partners with TON to Bring Stablecoins to Telegram Users
Decentralized stablecoin platform Ethena has partnered with The Open Network (TON) to make its stablecoins available to Telegram’s user base of over one billion people.
The partnership will see the deployment of Ethena’s USDe and Ethena Staked USDe (sUSDe) natively within the TON blockchain. The sUSDe variant will be integrated under the name tsUSDe, enabling Telegram users to access US dollar-denominated savings directly within Telegram.
Announcing the news on X, Ethena described its TON integration as “one of Ethena’s most meaningful launches to date.” Additionally, eligible tsUSDe holders within major TON wallets will receive a 10% annual percentage yield in TON, along with Ethena rewards on balances of up to 10,000 tsUSDe per wallet.
5. Turbos Sponsors Sui Basecamp Dubai with 1M Token Reward Pool
Turbos announced that it will be the sponsor of Sui Basecamp Dubai and launched a limited-time reward event with a total prize pool of more than 1 million TURBOS tokens. Users can participate in the reward sharing through deposits and transactions.
This event was jointly launched by Turbos and Walrus, SuiNS, Lombard and DeepBook protocols, and sticker redemption points and exclusive peripheral gifting sessions were set up on site, open to Sui Network community users.
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