Weekly Crypto Market Wrap April 28 – May 4, 2025
It was a quiet week for the crypto market in terms of price action — Bitcoin and major altcoins mostly traded sideways. The global crypto market cap slipped slightly from $2.97T to $2.95T (-0.69%), signaling a pause rather than a pullback. But while the charts were calm, the news cycle was anything but. Here’s what happened while Bitcoin lingered below resistance:
Trump Says “Crypto Is Important”. Donald Trump made headlines again, declaring that if the U.S. doesn’t lead in crypto, China will. While the statement should’ve excited markets, investors remained cautious — in politics, talk is cheap, and action takes an election cycle.
Vitalik Wants to Simplify Ethereum. Vitalik Buterin published a proposal to make Ethereum “as simple as Bitcoin” — focusing on minimalism, cleaner code, and fewer moving parts. The goal: faster smart contracts and fewer bugs. Sounds great on paper — let’s see how it unfolds.
Ripple Tries to Buy Circle — For $20B. Ripple reportedly offered $5 billion to acquire Circle (issuer of USDC) and was rejected — so they countered with a bold $20 billion offer. If this deal happens, it could reshape the stablecoin landscape.
MicroStrategy: Paper Losses, More Bitcoin. Despite reporting accounting losses, MicroStrategy bought 15,355 BTC for $1.42 billion and is planning to raise up to $84 billion more for future buys. Michael Saylor remains unfazed and laser-focused.
Morgan Stanley & Charles Schwab Open Crypto Trading. Two major U.S. banks, Morgan Stanley and Charles Schwab, are preparing to offer crypto trading access to clients. Soon, you might log into your banking app and see DOGE and SOL sitting right next to your savings.
Coinbase Launches Bitcoin Yield Fund. Coinbase is rolling out an institutional yield fund — not in fiat, but in BTC. A perfect product for those who don’t believe in the dollar and want to stack sats while earning returns.
Arthur Hayes: U.S. Won’t Hold BTC in Reserves. Arthur Hayes believes the U.S. won’t add Bitcoin to its strategic reserves anytime soon — citing too much debt and too much skepticism toward “Bitcoin bros.
Elon Musk Becomes “Gorklon Rust” — Market Reacts. Musk did it again: he changed his name to “Gorklon Rust” and posted a space-themed avatar — triggering a meme token pump to a $100 million market cap. Call it “Muskonomics” in action.
Warren Buffett to Step Down. Legendary investor Warren Buffett will step down from Berkshire Hathaway by the end of 2025. Major leadership change ahead for one of the world’s most conservative financial giants.
U.S. GDP Turns Negative. U.S. Q1 2025 GDP came in at -0.3%, raising alarms about a slowing economy. Could this push the Fed toward rate cuts? Or just more market volatility? Maybe both.
EU Offers U.S. a €50B Trade Deal. The European Union is seeking to improve relations with the U.S. by proposing a €50 billion trade agreement. Global powerhouses are shifting alliances — who will come out ahead?
U.S. Unemployment Holds at 4.2%. The U.S. labor market remains steady, with unemployment flat at 4.2%. For now, this gives the Fed breathing room to stay the course.
EU to Ban Anonymous Crypto by 2027. The EU plans to fully ban anonymous cryptocurrencies by 2027. The message is clear: no KYC, no future. Regulation is taking center stage.
Tether Refuses to Register Under MiCA. Tether’s CEO announced they will not seek licensing under the EU’s MiCA framework, arguing that overregulation kills financial freedom.
SEC Closes PayPal Stablecoin Investigation. Good news for PayPal: the SEC has officially ended its investigation into PYUSD, clearing the path for further stablecoin development.
UK Introduces Clear Crypto Regulation. The UK unveiled new, transparent crypto regulations, clearly defining what counts as a token and how to protect consumers. The UK joins the global trend of tightening — and clarifying — crypto law.
Upcoming major token unlocks:
LAYER: $84.84M (12.7%)
ENA: $48.92M (2.9%)
SPEC: $19.30M (48.5%)
KAS: $13.39M (0.6%)
MOVE: $8.29M (2.0%)
NEON: $6.41M (22.5%)
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.
