What Happened Last Week in Crypto (4/20 -4/27) Bitcoin's Performance: #Bitcoin's dominance in the crypto market continues to soar, showcasing bullish performance despite ongoing market uncertainties. Last week, massive inflows into BTC ETFs were observed. SUI Outperformance: #Sui's price has skyrocketed, doubling in the past week. This surge is accompanied by a significant increase in daily active users since January 2025. (1) ETH’s EIP-9698: Recently announced, the EIP-9698 upgrade aims to boost #Ethereum's gas limit by 100x over the next four years. Validators will need to upgrade their hardware, raising the bar for validator requirements. The impact on Ethereum's performance will be interesting to monitor. Are AI Agents back? #Virtuals and other AI agents saw a major uptick in price in the last week, signaling a potential renewed interest in AI-driven projects. The Fed: On Thursday April 24th, the #Fed announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities. This new stance is seen as a positive regulatory development for the crypto industry. (2) Is the FTDA intern having dinner with Trump? In a surprising move, Donald Trump announced that the top 220 holders of the $TRUMP coin are invited to an exclusive dinner with him at Trump National in DC scheduled for May 22nd. (3) Sources: 1. Source: “SUI Daily Active Users.” Artemis. April 27, 2025. 2. Source: “Fed - Press Release.” Federal Reserve. April 24, 2025. 3. Source: “Trump to host dinner with top holders of his meme coin.” Politico. April 23, 2025. SUI: A layer-1 blockchain that aims to emphasize scalability for its decentralized applications (dApps) and speed up the time it takes for smart contracts to execute. AI Agents: Convergence between AI and crypto, where autonomous entities manage tokens, engage on social media, and even influence market trends.
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