Cryptocurrency news april 28 2025
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From Bitcoin and Ethereum to an ever-growing list of altcoins, cryptocurrencies have taken a new generation of investors around the world by storm. Fast-moving and volatile, this industry keeps participants, observers, and regulators on their toes. As mainstream companies explore cryptocurrencies and blockchain technologies for new markets — or even to build them within virtual worlds — the crypto space is in a rapid state of evolution.
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This state-level push follows Donald Trump has floating the idea of a Federal Bitcoin Reserve – his ‘crypto task force’ is already exploring ways to make it happen. In an interview with Bloomberg President Trump says he believes that if the U.S. doesn’t move fast, rival nations will.
The UK-based company offers a solution that allows individuals to participate in cryptocurrency mining through a rental model, where users can purchase computing power contracts to mine popular cryptocurrencies including Dogecoin and Bitcoin.
Converting the Grayscale XRP Trust into an ETF aims to make investment in XRP easier and more aligned with traditional financial systems. That means the ETF structure could potentially bring in both established and first-time crypto investors, turning a once-controversial asset into something more approachable and SEC-compliant.It could be months until we find out if an XRP ETF will become a reality. Approval would very likely come with a nice boost to XRP’s price, while a denial could go either way, largely depending on if investors increase their exposure to XRP anticipating approval. ——- Author: Justin DerbekNew York News DeskBreaking Crypto News
A new bill, HB 230, just cleared a major hurdle. The “Digital Innovation and Blockchain Amendments” bill, which could allow the state treasurer to allocate public funds into Bitcoin, has now been formally introduced to the Utah Senate’s Revenue and Taxation Committee.
Utah’s HB 230 isn’t just about buying Bitcoin…It also lays the groundwork for regulatory oversight, custody protocols, and even permits the treasurer to engage in staking and lending of crypto assets under certain conditions. Additionally, the bill introduces new rules around stablecoin investments, reflecting the broader push to formalize crypto within government finance. The proposal is spearheaded by Utah Rep. Jordan Teuscher.
Latest cryptocurrency news april 28 2025
Strategy’s Bitcoin purchase came as the cryptocurrency caught significant bullish action last week, surging 8% from around $87,000 to nearly $94,000 in the period from April 21–27, according to data from CoinGecko.
If Shibarium gains traction among developers and users in the coming months, it could drive increased demand for SHIB and expand its use cases. This could offer some fundamental support to the token’s price, particularly if broader market sentiment improves in April 2025.
The latest purchases cost Strategy $1.42 billion at an average price of $92,737 per BTC, increasing the company’s aggregate BTC holdings by roughly 3% to a total of 535,555 BTC worth more than $50 billion.
Even before Atkins’ arrival, the SEC has dramatically shifted its position on crypto in recent months, seeking to create new regulations for the sector and pausing or altogether walking away from enforcement cases.
In another X post preceding the purchase announcement, Saylor said: “Stay humble. Stack sats .” He linked the message to a screenshot of Strategy’s portfolio tracker reflecting the company’s BTC purchases on the timeline of the price chart.
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