WuBlockchain Weekly: The New Chairman of the US SEC Assumes Office, etc

1. The New US SEC Chairman: Will Ensure the US Becomes the “Safest and Most Suitable Country for Cryptocurrency Business Globally” link

The new SEC Chairman Paul Atkins stated in his inaugural speech that providing a rational, coherent, and principled regulatory foundation for digital assets will be his top priority during his tenure. He also pledged to ensure that the United States becomes “the safest and most suitable country in the world for conducting cryptocurrency — related businesses”.

2. Ondo Meets with the SEC’s Crypto Task Force to Discuss the Tokenization of US Securities link

According to a memorandum released by the SEC’s Crypto Asset Task Force on April 24th, representatives from Ondo Finance and Davis Polk & Wardwell LLP held a meeting with the SEC’s Crypto Task Force to discuss the compliance path for issuing and selling tokenized US securities.

The meeting covered a wide range of topics, including the structural model of tokenized securities, registration and broker — dealer requirements, market structure regulations, financial crime compliance, and key issues of state corporate law. Ondo Finance also proposed exploring regulatory sandboxes or other forms of regulatory relief to promote the issuance of its tokenized asset products. This meeting aims to provide a clear regulatory framework for tokenized securities in the US market.

3. The TRUMP Project Will Invite the Top 220 Token Holders to a Dinner with Donald Trump link

The $TRUMP project has announced that it will invite the top 220 $TRUMP token holders by holdings to an event of having dinner with Donald Trump and has opened the registration channel. This event is exclusive to the aforementioned token holders. The dinner will be held at the Trump National Club in Washington, D.C. on May 22, 2025. The organizer also stated that the initial unlocked tokens and the daily unlocked portions in the following three months will each have their lock — up periods extended by 90 days.

4. Cantor Fitzgerald Joins Hands with Multiple Parties to Establish 21 Capital, Planning to Promote a $3 — Billion Bitcoin Investment Plan link

Cantor Fitzgerald, led by Brandon Lutnick, the son of the US Secretary of Commerce, is collaborating with SoftBank, Tether, and Bitfinex to prepare a $3 — billion Bitcoin investment plan. The project is initiated by Cantor Equity Partners, aiming to establish a new company named 21 Capital. Tether will contribute $1.5 billion worth of Bitcoin, while SoftBank and Bitfinex will invest $900 million and $600 million respectively. The project aims to replicate the investment strategy of MicroStrategy and plans to further purchase Bitcoin through $350 — million convertible bonds and $200 — million private equity financing. The Bitcoin of the participating parties will be converted into 21 Capital shares at a rate of $85,000 per coin.

5. Coinbase Executive: Sovereign Wealth Funds Are Buying Bitcoin in Large Numbers link

John D’Agostino, the head of strategy at Coinbase Institutional, said that in April 2025, sovereign wealth funds and other institutions were accumulating large amounts of Bitcoin (BTC), while retail investors were exiting the market through exchange — traded funds (ETFs) and the spot market. In an interview, D’Agostino likened Bitcoin to gold, saying that many institutional buyers purchased BTC as a hedge against currency inflation and macroeconomic uncertainty. The trading trend of BTC is reflecting its core characteristics, which are very similar to those of gold. It has scarcity, immutability, and portability as a non — sovereign asset.

6. Fidelity: The Purchase by Listed Companies Has Led to the Exchange’s Bitcoin Supply Dropping to the Lowest Level Since November 2018 link

Fidelity Digital Assets stated that the supply of Bitcoin on exchanges is decreasing due to purchases by listed companies, and this trend is expected to accelerate in the future. The current trends include: the Bitcoin inventory on exchanges has dropped to 2.6 million coins, the lowest since November 2018; since November 2024, over 425,000 Bitcoin coins have been withdrawn from exchanges; after the US presidential election, listed companies have increased their holdings by nearly 350,000 Bitcoin coins; since 2025, listed companies have purchased an average of over 30,000 Bitcoin coins per month.

7. Strategy Purchased 6,556 Bitcoins from April 14th to April 20th link

As of April 20, 2025, Strategy (formerly MicroStrategy) has acquired 538,200 bitcoins for approximately $36.47 billion, with an average price of $67,766 per bitcoin. From April 14 to April 20, 2025, it purchased 6,556 bitcoins at an average price of $84,785, totaling $555.8 million.

According to Cryptoquant analyst Maartun, as MicroStrategy continues to buy bitcoins, its bitcoin portfolio has broken through the $50 — billion mark for the first time. With 538,200 bitcoins in its holdings and the current bitcoin price at around $93,925.96, the value of MicroStrategy’s bitcoin portfolio is $50.61 billion. This significant milestone not only highlights the success of MicroStrategy’s bitcoin investment strategy but also has a positive impact on market sentiment, enhancing the confidence of institutional investors in cryptocurrency assets.

8. The Hespérides University in Spain Launches the World’s First All — Spanish Master’s Program in Bitcoin link

The University of Hespérides in Spain has launched the world’s first all — Spanish master’s program in Bitcoin. The program will be offered online starting from April 28, aiming to cultivate professionals with a solid foundation in Bitcoin economics, law, and technology. The curriculum covers the philosophy, history, economics, technology, regulation, and business development of Bitcoin. It is designed for entrepreneurs, engineers, economists, lawyers, and investors, integrating theory with practice and offering master classes, case studies, and seminars. The teaching staff includes Bitcoin experts such as Kristyna Mazankova and Manuel Polavieja. The program is supported by institutions like BTC Inc and JAN3, with an emphasis on industry — university collaboration. Enrollment is now open.

9. Bybit CEO: 68.57% of the Stolen Funds Are Still Traceable, While 27.59% Are No Longer Traceable link

Bybit CEO Ben Zhou released a briefing on the tracking of stolen funds, stating that the total amount of stolen crypto — assets is approximately $1.4 billion (about 500,000 ETH). Among them, 68.57% is still traceable, 27.59% has been “cut off from the chain” and is untraceable, and 3.84% has been frozen. Most of the untraceable funds flowed into crypto — mixers and then through cross — chain bridges to P2P and OTC platforms. On — chain data shows that about 432,748 ETH (84.45% of the total, approximately $1.21 billion) has been transferred to the Bitcoin chain through Thorchain. Among them, about 67.25% has been converted into 10,003 BTC and distributed in 35,772 addresses, and only about 1.17% of ETH remains on the Ethereum network. In addition, 944 BTC has flowed into Wasabi Mixer, and 531 BTC has been transferred back to the Ethereum network through Thorchain.

10. The Ethereum Foundation Announces the Celebration of Its 10th Anniversary on July 30th This Year link

The Ethereum Foundation has announced the celebration of the 10th anniversary of the creation of the Ethereum Genesis Block. The commemorative time is set at 23:26:13 on July 30, 2025 (UTC+8). The foundation will join hands with the community to hold global offline gatherings, on — chain activities, and live — streaming events to welcome the next decade. The community can apply to hold an “Ethereum 10 — year Anniversary Party”. The event needs to be held on July 30, and it is free and open to everyone. Each event can receive a maximum subsidy of $500, and the application deadline is June 15.

Fundraising

Symbiotic, a cryptocurrency staking protocol, has completed a $29 — million Series A funding round. link
Arch Labs has announced the completion of a $13 — million Series A funding round, led by Pantera Capital. link
Tally has announced the completion of an $8 — million Series A funding round, led by Appworks and Blockchain Capital. link
Analog has announced the completion of a $15 — million funding through token sales. link
Inflow, a payment startup, has announced the completion of an $1.1 — million seed — round funding. link
BitradeX, a digital asset trading platform, has completed a £12 — million Series A funding round. link
Theo has completed a total funding of $20 million. link
Inco has announced the completion of a $5 — million strategic funding round, led by CSX under a16z crypto. link
Catalysis has announced the completion of a $1.25 — million pre — seed funding. link
MagicBlock, an on — chain game engine, has announced the completion of a $7.5 — million seed — round funding. link

Learn more, check out crypto-fundraising.info.