From Cointelegraph

April 25, 2025 2:00 pm:

Cryptocurrency firms and exchanges are launching traditional investment offerings, blurring the lines between traditional finance (TradFi) and digital assets. Securitize and Mantle protocol introduced an institutional fund to generate yield on a diverse range of cryptocurrencies. Investor sentiment has shifted from “fear” to “neutral” in the crypto space.

Mantra CEO begins the process of burning 150 million OM tokens to restore value by tightening supply. This move aims to rebuild trust with the community and reduce the total supply of OM tokens. The total supply of Mantra’s tokens will decrease with the burn, potentially impacting the token’s value positively.

Symbiotic raises $29 million for a staking-based universal coordination layer, supported by investors like Pantera Capital and Coinbase Ventures. The Universal Staking Framework enhances blockchain security through staking, allowing any combination of cryptocurrencies to secure networks. This new economic coordination layer offers innovative solutions for blockchain security.

The SEC delays a decision on a proposed Polkadot ETF until June 11, extending the deadline for approval. Grayscale’s ETF filing for Polkadot adds to a growing list of proposed ETFs awaiting SEC approval. Asset managers are pitching ETFs for various cryptocurrencies, memecoins, and financial derivatives, signaling a growing interest in crypto-related investment products. Asset manager 21Shares is awaiting permission to list its own Polkadot ETF, as reported by CoinTelegraph. The DeFi market saw most of the top 100 cryptocurrencies ending the week in the green, according to data from CoinTelegraph Markets Pro and TradingView. The Official Trump token rose over 73% and Sui token rose over 69% this week. Total value locked in DeFi can be tracked on DefiLlama. Stay tuned for more DeFi updates next Friday.

Read more at Cointelegraph.com

1. Bitcoin reached a new all-time high of $63,000, with a market cap of over $1.1 trillion, as institutional adoption continues to grow.

2. Ethereum also hit a record high of $2,300, with a market cap surpassing $260 billion, driven by increased interest in decentralized finance (DeFi) applications.

3. Dogecoin surged over 400% in a week, fueled by Elon Musk’s tweets and speculation surrounding potential partnerships and mainstream adoption.

4. NFT sales hit $2 billion in Q1 2021, driven by digital art, collectibles, and gaming, with platforms like NBA Top Shot and OpenSea leading the way.

5. The total cryptocurrency market cap surpassed $2.2 trillion, as altcoins like Binance Coin and Cardano saw significant gains, challenging Bitcoin and Ethereum’s dominance.: Crypto firms launch Wall Street-style funds: Finance Redefined