From Cointelegraph

April 25, 2025 4:00 PM:

US President Donald Trump’s first 90 days in office have been tough for Bitcoin and the broader cryptocurrency industry. Despite positive regulatory developments, digital asset prices have been dragged down by trade war fears. However, a sentiment shift occurred this week as reports emerged that Trump was backing off on a tariff war with China.

Bitcoin ETFs in the US saw a surge in inflows, with $381.3 million on April 21 and $912.7 million on April 22. The ARK21Shares Bitcoin ETF led the way. This influx pushed spot BTC prices to $94,000 on April 23, nearing the $3 trillion market cap mark.

Cantor Fitzgerald is reportedly in talks with Softbank, Tether, and Bitfinex to establish a $3 billion crypto acquisition company called 21 Capital. The venture aims to capitalize on the favorable US crypto environment post-Trump’s election and plans to buy Bitcoin with the raised funds.

Coinbase is contemplating applying for a US federal bank charter, potentially moving into traditional banking services. This move would allow the exchange to engage in core banking activities like deposit taking and lending, signaling a significant step toward integrating traditional banking with digital assets.

Tesla reported disappointing first-quarter earnings but decided to hold onto its Bitcoin investments, valued at just under $1.1 billion. Despite the slump in earnings, Tesla maintained its 11,509 BTC stake, showing confidence in the upside potential of digital assets.

Read more at Cointelegraph: Cantor Fitzgerald crypto play, ETF inflows highlight industry’s big sentiment shift