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Bitcoin ETFs record $223.21M inflows led by BlackRock IBIT, pushing total ETF AUM to $102.79B.
SHIB added 10K wallets crossing 1.57M holders, while TON plans a 6x fee cut to boost network scalability and adoption.
XMR open interest rose to $139M with positive funding rates, indicating growing bullish sentiment among traders.
The crypto market witnessed divided performance as the institutional Bitcoin ETF saw $223 million in inflows, while altcoins like SHIB and Monero began to recover. The active developments that occurred on TON and KuCoin, and the TRUMP memecoin, showcase the increasing activity on both infrastructure and retail-driven sectors.
According to SoSoValue, Bitcoin spot ETFs saw a net inflow of $223.21 million yesterday. BlackRock IBIT led with an inflow of $167 million, followed by ARK 21Shares ARKB with $71.22 million, and Morgan Stanley’s MSBT recorded $9.36 million in net inflows.
Fidelity’s FBTC led the outflows with $16.93 million, followed by Bitwise’s BITB, which recorded an outflow of $7.6 million, and VanEck HODL saw an outflow of $5.5 million.
The total net asset value of Bitcoin spot ETFs is $102.79 billion, with an ETF net asset ratio of 6.59%. The historical cumulative net inflow has reached $58.55 billion.
In an X post, Pavel Durov, Telegram’s founder, announced that transaction fees for TON will drop 6x within a week to 0.00039 TON (around $0.0005).
The fees will remain “fixed” regardless of network load, meaning users get predictable costs even as on-chain activity scales.
TON’s $175 million Q1 transaction volume trailed ETH’s $200 million milestone; Telegram’s 6x fee cut could strengthen TON’s activity trajectory going forward.
At press time, TON trades at $1.31 with a 1.70% decline in the last 24 hours.
The number of SHIB holder addresses on Ethereum surged sharply between April 19 and April 22. Over 10,000 new wallets joined, pushing the total above 1.573 million. Etherscan data recorded the move as one of the fastest short-term expansions this year.
On April 21, a total of 4,958 new wallets entered the network, one of the largest single-day increases. Over seven days, the net gain stood at 5,653 wallets. For comparison, the holder base crossed 1.55 million only in late March.
SHIB climbed over 7% in the week leading up to April 22. Currently, it trades at $0.000006147 with a 1.22% increase in the last 24 hours.
Also Read: Bitcoin Nears $80,000 Again: Why It’s Rising and What Experts Warn Next?
After the February sell-off, Monero has continued its recovery with growing retail demand for its derivatives.
According to CoinGlass, the XMR futures Open Interest (OI) rose to $139.39 million, up from $109.94 million on February 7, reflecting renewed investor confidence.
Also, the OI-weighted funding rate remains positive at 0.0093%, indicating a continued preference for holding long positions at a premium.
The positive derivatives data indicate that buyers are starting to enter the Monero market. This could push XMR’s price higher in the near to medium term.
Cryptocurrency exchange KuCoin has launched its KuCard debit card in Australia, allowing users to spend digital assets at merchants within the Mastercard global network.
The rollout, developed in partnership with Immersve, a principal member of the Mastercard network, enables eligible users to make purchases using cryptocurrency balances, which are converted into fiat currency.
KuCoin said eligible users in Australia can use supported digital assets for everyday purchases at Mastercard-accepting merchants, including through Apple Pay and Google Pay.
The system supports USDC and 37 associated trading pairs. Transactions are processed with automatic conversion from digital assets to fiat currency at checkout.
Also Read: Dogecoin Eyes Breakout as Whales Accumulate $330 Million Amid Rising Network Activity
Reportedly, the White House has confirmed that US President Donald Trump will attend the event for top TRUMP memecoin holders on Saturday.
The gala is set to take place at Mar-a-Lago. It will be open to the top 297 holders of the TRUMP token, and the top 29 holders will also qualify for a private reception with the president.
When the event was announced in March, a White House official told Politico that it was not locked into Trump’s schedule.
The event’s terms also state that Trump may not be able to attend the event, and it may be canceled for any reason.
1. Why are Bitcoin ETF inflows important for the market?
Bitcoin ETF inflows indicate institutional participation and long-term confidence in BTC. Large inflows, like the recent $223M, support price stability and signal sustained demand beyond retail investors.
2. What does SHIB adding 10,000 wallets indicate?
A rise in wallet addresses reflects growing adoption and retail interest. When paired with price gains, it often signals early-stage momentum that could lead to further price appreciation.
3. How will TON’s 6x fee reduction impact its ecosystem?
Lower and fixed transaction fees improve usability and scalability. This makes TON more attractive for developers and users, potentially increasing network activity and long-term adoption.
4. Why is Monero’s open interest rising significantly?
An increase in open interest to $139M suggests more traders are entering positions. Combined with positive funding rates, it indicates bullish sentiment and expectations of further price gains.
5. What does KuCoin’s KuCard launch mean for crypto adoption?
KuCoin’s debit card enables real-world crypto spending via Mastercard networks. This bridges the gap between digital assets and everyday payments, accelerating mainstream adoption.
