Gm friends,
Trump’s tariff war is working…there’s a rush of fiat heading to the exit door and into bitcoin.
Here’s what’s in today’s issue:
- Chart of the day: BTC on exchanges is dwindling.
- Rebecca shares her thoughts on who’s been buying BTC, Ethereum dying in 10-15 years, the SEC meeting with Ondo Finance, PayPal partnering with Coinbase & El Salvador exploring tokenized real estate.
- Today on chain.
- Altcoin Alpha.
- This week’s airdrop by Jesse.
Crypto is No Longer on the Sidelines
This past week, Crypto.com announced a groundbreaking partnership with Trump Media & Technology Group and Yorkville America to launch a new series of crypto-forward ETFs—including one featuring assets like CRO and other top digital assets.
What does this mean?
It’s a sign that crypto is no longer on the sidelines—it’s entering the financial mainstream in a form Americans know and trust.
What’s happening?
Crypto.com will power ETFs that combine traditional U.S. industries with digital assets, making it easier for everyday investors to gain secure exposure to crypto through familiar tools like brokerage apps.
Why it matters:
- ETFs are regulated and trusted—this isn’t another speculative product.
- Powered by Crypto.com’s U.S. regulated infrastructure for custody and trading.
- A major step toward bridging the gap between Wall Street and Web3.
At a time when trust matters more than ever, Crypto.com is stepping up as America’s crypto exchange—bringing clarity, compliance, and confidence to the space.
If you’ve been waiting for crypto to grow up, this is your moment.
The current US government is the most pro-crypto administration we’ve ever had, and their partnership with Crypto.com shows strong trust.
If you haven’t signed up yet, now’s the perfect time to join Crypto.com and earn up to $50 in bonuses using the link below!
Here’s how:
- Follow this link
- Register for Crypto.com
- Trade at least $100 in crypto to unlock $10 in CRO
- Deposit $50 and trade at least $50 to unlock $15 in CRO
- Stake CRO for a metal Crypto.com VISA card (Ruby or higher) to unlock $25 in CRO
Chart of the Day
Bitcoin reserves on exchanges have fallen to around 2.6 million BTC, which is their lowest level since November 2018.
Since November 2024, publicly traded companies have bought up almost 350,000 BTC and over 425,000 BTC have moved off exchanges.
MicroStrategy alone accounts for 81% of the BTC bought since November and public companies have bought up over 30,000 BTC per month so far in 2025. Wow. As more companies accumulate bitcoin, the available supply on exchanges is going to keep dwindling.
News Now
Who’s Been Buying Bitcoin?
It’s another week and there’s once again been more bitcoin buying headlines. So here’s a roundup of this week’s BTC buyers.
Bitcoin ETFs
The US Bitcoin ETFs have seen their largest net inflows since Trump’s inauguration, of $2.8 billion this week:
- Monday: $387.4 million
- Tuesday: $936.6 million
- Wednesday: $917 million
- Thursday: $442 million
BlackRock’s Bitcoin ETF was even crowned the “Best New ETF” at the annual etf.com awards. Now, Michael Saylor believes that BlackRock’s IBIT ETF will be “the biggest ETF in the world in ten years.” To put that into perspective, IBIT currently has a market cap of $54 billion and it would need to overtake the Vanguard S&P 500 ETF to do so, which has over 10x the market cap, currently at $593 billion.
Sovereign Wealth Funds
Coinbase exec John D’Agostino let it slip on CNBC that “the pools of capital that have been buying during April – sovereign wealth funds, large institutional, long-term duration pools of capital.” And these big buyers of BTC are looking at it in 3 ways:
- a de-dollarization trade (to hedge against a weaker USD)
- unwinding of the levered tech stock trade (no longer seen as a high growth asset)
- long-term inflation hedge (especially those who missed the gold rally)
Bloomberg Intelligence acknowledged bitcoin’s drop in volatility since Liberation Day on April 2nd and believes this could “prompt more crypto adoption in corporate treasuries.”
Metaplanet hits BTC milestone
Metaplanet added another 145 bitcoins to its treasury this week for $13.6 million. This bitcoin buy brings its total holdings to 5,000 BTC. This means Metaplanet is 50% of the way to its 2025 goal of HODLing 10,000 BTC.
HK Asia Holdings
Publicly traded HK Asia Holdings has announced plans to raise $8.35 million by issuing new shares and convertible notes to buy more BTC. The company made its first BTC buy on February 16th and doubled its share price within a day. By February 20th, the company had bought another 7.88 BTC. Now, HK Asia is following the MicroStrategy playbook, so watch out for an announcement soon confirming more BTC buys.
Semler Scientific
Medical device maker has bought another 111 bitcoins, bringing its total holdings to 3,303 BTC bought for $290.4 million.
Banks can now support Bitcoin
The Federal Reserve has rescinded its 2022 and 2023 crypto guidelines for banks. In an April 24th press release the Fed has said “the Board will no longer expect banks to provide notification and will instead monitor banks’ crypto-asset activities through the normal supervisory process.”
This means Bitcoin banks are coming. Think custody, settlements and more buying/selling options…this will open the door for mass adoption.
Ethereum To Die Within 10-15 Years
Cardano founder Charles Hoskinson has been talking smack about Ethereum again. In yet another one of his ask-me-anything sessions he’s said Ethereum won’t survive more than 10-15 years.
Why? Because “They have the wrong accounting model, they have the wrong virtual machine, and they have the wrong consensus model.”
It’s ironic coming from the co-founder of Ethereum, but I guess that means he knows a thing or two about the chain. He believes that ETH Layer-2s have become “parasitic” because they’re not solving Ethereum’s scalability issue. Instead, they’re taking value away from the main network.
As this worsens, the team will break down and it will be almost impossible for Vitalik Buterin to keep the ship together, let alone steer it in the right direction. Users will gradually lose patience and move over to other networks and Ethereum will be “eclipsed.”
The good news?
- Ethereum’s active addresses increased by 10% from 306,211 to 336,366 between April 20th-22nd.
- Ethereum saw a record 449,000 ETH flowing into accumulation addresses on April 22nd. This means that over 10 days, Ethereum inflows are at their highest levels since 2018.
Now obviously, Ethereum’s entire future can’t be predicted based on short-term on-chain metrics. But that’s got to count for something, right? Even if it’s a glimmer of hope.
SEC Meets With Ondo Finance
The SEC’s Crypto Task Force is up and running and already mingling in the market.
The task force is headed up by Hester Peirce and it met with Ondo Finance and the law firm representing Trump’s Truth Social’s ETF plans, to talk all about tokenization.
A notice published on April 24th disclosed that the meeting discussed a proposal for “issuing and selling wrapped, tokenized versions of publicly traded US securities.”
Hot on Ondo’s agenda was:
- Registration requirements
- Broker-dealer requirements and rules
- Various market structure regulations
- Financial crimes compliance
- State corporate laws
- Regulatory sandbox
Ondo Finance donated $1 million to Trump’s inauguration fund, so now it’s calling in the favor. Ondo’s token is up over 15% on the news.
PayPal Partners With Coinbase On PYUSD Plans
Coinbase is introducing free conversions between the US dollar and PayPal’s US-dollar stablecoin, PYUSD. This will apply to both retail and institutional customers as part of PayPal’s plans to increase promotion of PYUSD as a payment method. Not only that, but Coinbase will offer PYUSD to PayPal’s merchants to help drive adoption of stablecoin use in everyday transactions.
Standard Chartered expects the stablecoin sector to grow from $220 billion to $2 trillion by 2028. So we’re going to see more collaborations like this in the future, as stablecoin issuers fight for market share.
El Salvador Exploring Tokenized Real Estate
El Salvador’s National Commission on Digital Assets met with the SEC’s Crypto Task Force on Monday to talk about a regulatory testing ground between the two countries. This potential partnership could see US companies experiment with tokenized real estate in El Salvador. If a pilot program were to be given the greenlight, it would focus on these two scenarios:
- a platform allowing investors to buy tokenized shares of land
- “SEC permitted crowdfunding” for small companies
Deloitte is already forecasting that the global tokenized real estate market could grow to $4 trillion by 2035, through bringing loans, funds and land ownership on-chain.
After Nayib Bukele’s recent meeting with President Trump in the US, it’s going to be interesting to see where the relationship between these two nations goes next.
Today On Chain
Solana’s stablecoin market cap hit a new all-time high of $12.909 billion on April 25th, after rising rapidly since the beginning of the year. Circle’s USDC is the main driver of this growth, with over 76% of the stablecoin market cap. With Solana being President Trump’s blockchain of choice and his stablecoin regulations a key priority, the future of stablecoins on Solana looks bright.
However, Solana is still no match for Tron and its USDT dominance. Tether’s USDT stablecoin supply on the Tron network has reached $70 billion this week. Tron’s data shows that $19 billion in USDT is being transferred daily on the network. First trade wars, then stablecoin wars…it’s coming.
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Altcoin Alpha
- Trump jumped by 70% after a dinner event with President Trump was announced for the top 220 token holders.
- Berachain [BERA] liquid staking platform Infrared has launched a points program. The points will be converted into the Infrared token when it launches in Q3.
- Scroll [SCR] has deployed its Euclid upgrade to help improve network throughput and security. It’s been dubbed “the most substantial protocol transformation” since its mainnet launch.
- Mantra [OM] will burn 150 million tokens belonging to the CEO as proof of the team’s commitment and transparency after OM crashed 90% in minutes on April 13th.
- Solana [SOL] will be bought and staked by the Canadian investment company SOL Strategies. The company has issued $500 million in convertible notes for the purchase. Its share price increased 25% on the news.
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Weekly Airdrop
RepuStation Waitlist Airdrop
RepuStation is a Web3 reputation platform designed to enhance trust and transparency by bridging users’ social presence with their on-chain activities. Offering a comprehensive view of an individual’s credibility within a decentralized ecosystem. As part of the Intuition Ecosystem, RepuStation is being supported and marketed as such. Allowing users who register the ability to increase their Intuition Scores.
RepuStation aggregates content from platforms like Twitter and Discord, allowing users to showcase their social contributions and interactions. By connecting crypto wallets, the platform verifies on-chain activities such as token holdings, staking, and trading, providing a holistic view of a user’s actions. Users can follow others and stake on profiles they trust, creating a network of verified and reputable individuals within the community.
Currently, RepuStation is in a waitlist phase, with over 1,200 individuals signed up so far. Learn more about the project and Join the Waitlist today.
Final Notes
Thank you so much for your support, and I truly hope that today’s issue will give you insights needed to help you master your wealth.
If you are reading this it means you are on the free version of the Wealth Mastery Investor Report, which is great for news and tips on the crypto markets.
If you really want to take advantage of fastest growing asset class EVER, then the Premium subscription is for you.
Premium Members get access to:
- My updated portfolio
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The time to build your portfolio is now. Don’t get left behind.
See you next time!
Lark and the Wealth Mastery Team
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Legal Disclaimer
Wealth Mastery (Lark Davis, and the Wealth Mastery writing team) are not providing you individually tailored investment advice. Nor is Wealth Mastery registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Wealth Mastery is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
You can find a full disclosure of all my crypto & venture investments here.
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
