Daily News | Arizona Will Establish BTC Reserves, Strategy Once Again Increased Its Holdings of $1.42 Billion in BTC

Crypto Daily Digest: BTC ETF experienced a large inflow of $580 million, and Arizona will establish a Bitcoin reserve

According to Farside Investors data, a total of $580 million flowed into the US Bitcoin spot ETF yesterday. Among them, BlackRock IBIT received $960 million, which was the second largest purchase amount in a single day since BlackRock IBIT went online. In addition, ARKB had an outflow of $226 million. Since February this year, BTC ETF has shown a unilateral net outflow trend, which has reversed since last week, and the capital market sentiment is optimistic.

Yesterday, the Ethereum spot ETF inflow was $56.6 million, of which BlackRock ETHA inflow was $60 million and Bitwise ETHW outflow was $3.4 million. The unilateral net outflow trend of ETH ETF since February this year has also reversed since last week, but the amount of funds inflow into ETH ETF is still relatively small compared to BTC.

Arizona Bitcoin Reserve Act approved by Congress, becoming the first state in the U.S. to establish Bitcoin reserves

According to TheBlock, two Arizona Strategic Bitcoin Reserve Acts passed the final vote in the House of Representatives and will await the signature of Democratic Governor Katie Hobbs. Arizona will become the first state in the United States to require public funds to be invested in Bitcoin.

Among them, SB 1373 proposes to establish a digital asset strategic reserve fund managed by the state treasurer, with funding sources including seized assets and legislative appropriations. Up to 10% of each fiscal year can be invested in digital assets such as Bitcoin, and loans can be made without increasing risk. SB 1025 allows state finances and pension s to invest up to 10% of available funds in virtual currencies, with a focus on Bitcoin. The bill summary reads, “This bill represents an emerging practice of state governments incorporating cryptocurrencies into public financial management, reflecting the growing mainstream acceptance of digital assets.”

The bill’s co-sponsors are both Republicans: Senator Wendy Rogers and Representative Jeff Weninger. Currently, several states, including Iowa, Missouri and Texas, are considering whether to establish strategic Bitcoin reserves, and at the federal level, Trump signed an utive order in March requiring the establishment of a strategic Bitcoin reserve and digital asset inventory.

100 days after Trump was sworn in, the crypto market lost $537 billion in market cap

According to CoinGecko data, today is the 100th day since Trump was sworn in, and the total market cap of cryptocurrencies has rebounded to $3.084 trillion. On January 20, when he officially took office for his second term, the total market cap of cryptocurrencies was $3.621 trillion, and the market has evaporated $537 billion in market cap.

According to the market information of Gate.io, Bitcoin reached an all-time high of $109,588 on the day of its inauguration and is now trading at $95,230, a retracement of more than 13%; Ethereum reached $3,453 on the day of its inauguration and is now trading at $1,801, a retracement of more than 47.8%.

Bitcoin CEX supply dropped to seven-year low, now at 2.492 million

According to CryptoQuant data, the supply of Bitcoin on trading platforms has fallen to a seven-year low, falling to 2.488 million BTC last Friday. Trading platform reserves are currently 2.492 million BTC, an increase of about 40,000 BTC over the weekend, but the level is still the lowest since October 2018.

CoinShares reported $3.2 billion in inflows into Bitcoin funds in the week ending April 28. The combination of falling exchange balances and rising inflows suggests a new phase of accumulation is coming. Retail investors appear to have played a larger role in the past week’s rally than in recent weeks. This is even more evident in the “whale ratio on trading platforms,” which has fallen from 0.512 on April 17 to 0.36 on April 27.

Market Trends: VIRTUAL led the AI ​​agent track to rise, Strategy increased its holdings by $1.42 billion

Market Hotspots

VIRTUAL surged 40% in the day, leading AI agent concept tokens such as PIPPIN, , AI16Z, and GOAT to surge. Star tokens in the AI ​​agent track have fallen by more than 80% compared with the beginning of this year. They have risen sharply from the bottom of the price, but are still far from the historical high. On the one hand, it shows that AI agent is still one of the tracks that market funds pay the most attention to. On the other hand, it also shows that the overall market sentiment is not good, and there may be new AI agent projects.

LAYER continued to rise during the day, and its price once broke through the $3 mark. Since its launch in February this year, LAYER has basically shown a unilateral upward trend, with a cumulative increase of more than 400%, becoming one of the best performing altcoins in the past few months. LAYER is the token of the Solana chain re-staking protocol Solayer, and the functional design of Solayer is very similar to the Ethereum re-staking protocol EigenLayer.

Mainstream Coins

BTC fluctuated in a narrow range during the day. On the news front, Strategy spent $1.42 billion last week to increase its holdings of 15,355 BTC. On the funding side, BlackRock IBIT once again received a large inflow of $960 million, and the capital sentiment was optimistic. Today’s AHR999 index was 0.93, indicating that the current price is still suitable for long-termists to invest regularly;

ETH follows the market ups and downs, and the fluctuations have narrowed significantly in the past week. The ETH/BTC exchange rate has not yet shown a reversal trend, and the market outlook is cautiously optimistic;

Altcoins generally rose, the AI ​​agent track once again led the market, and market sentiment warmed up.

Macro news: U.S. stocks mixed, analysts warn the market remains fragile

The three major U.S. stock indexes rose and fell, with the S&P 500 up 0.06% to 5,528.75 points, the Dow Jones up 0.28% to 40,227.59 points, and the Nasdaq down 0.10% to 17,366.13 points. In terms of U.S. bonds, the benchmark 10-year Treasury yield was 4.23%, and the 2-year Treasury yield, which is most sensitive to the Fed’s policy rate, was 3.67%.

The S&P 500 briefly broke through the 5,500 resistance level set by Morgan Stanley, driven by optimism about the potential reduction of tariffs between China and the United States and a policy shift by the Federal Reserve. However, analysts warned that the breakout was still fragile. Morgan Stanley pointed out: “A sustained breakout of the 5,600-5,650 range requires substantial progress on four catalysts: substantial tariff reductions, a dovish Fed, long-term interest rates below 4% without recession signals, and an upward revision of earnings expectations.”

This week also sees the release of first-quarter U.S. gross domestic product data and Friday’s nonfarm payrolls report for April. Overall, Wall Street should have a clearer picture of the impact of tariffs on businesses and consumers by the end of the week.