Happy Friday! Welcome to the 14th instalment of the Coinbyte Weekly Wrap.

The market traded with a firmer tone this week, showing signs of renewed upward momentum across majors. BTC continued its steady climb, rising around 3.00% over the past seven days, moving from the low US$70,000s to a peak above US$76,000, before stabilizing and currently trading near US$74,919.52. Price action reflected a strong midweek breakout followed by consolidation at higher levels, with no significant late-week sell-off.Major altcoins broadly followed with stronger performance. ETH led large-cap gains, advancing 5.72%, while SOL and DOGE also posted solid increases of 5.53% and 5.57% respectively. BNB recorded a moderate 3.99% rise, and ADA lagged slightly but remained positive at 0.71%. In contrast, stablecoins USDT and USDC saw minor weekly declines, reflecting slight capital rotation back into risk assets. TRX delivered a more muted but steady gain of 0.79%.Trading activity remained robust across the board. BTC’s average daily volume came in at approximately US$41.1bn, continuing to show strong participation. USDT maintained dominant liquidity with around US$98.6bn in average daily turnover over the past week, while ETH and SOL recorded roughly US$18.8bn and US$7.1bn respectively, indicating sustained engagement in both majors and high-beta assets.On the institutional front, ETF flows remained supportive, with total net inflows reaching US$507.6 million over the past seven days. iShares Bitcoin Trust (IBIT) led the inflows, attracting US$678 million, highlighting continued demand from traditional investors. Meanwhile, MicroStrategy (Strategy) further reinforced its accumulation strategy, adding 13,927 BTC on April 13, signaling sustained conviction among large corporate holders.Overall, this week’s price action suggests a continuation of bullish momentum, with Bitcoin holding firmly at elevated levels, supported by strong ETF inflows and institutional accumulation, while altcoins show synchronized strength—pointing to improving market sentiment and a potential expansion phase following the previous week’s consolidation.

This week saw a strong resurgence in institutional demand and accelerating regulatory clarity, signaling crypto’s steady shift into mainstream finance.Global crypto ETPs recorded $1.1 billion in net inflows—the highest since January—led by Bitcoin, with Ethereum also rebounding, reflecting renewed confidence through regulated investment channels.On the policy side, momentum is building rapidly. U.S. lawmakers are closing gaps toward a comprehensive crypto framework, alongside a revised tax bill to ease compliance and support everyday usage. Meanwhile, Europe is pushing toward centralized oversight, and Hong Kong has officially issued its first stablecoin licenses—marking a move from regulation to real implementation.Institutions continue to expand their footprint. Goldman Sachs is exploring income-generating Bitcoin ETFs, Morgan Stanley is advancing tokenization as core infrastructure, and eToro’s acquisition of Zengo highlights a shift toward full-stack crypto capabilities.At the same time, real-world adoption is gaining traction, with Rakuten integrating XRP into its payments ecosystem, bringing crypto closer to daily use at scale.Against a backdrop of rising global debt concerns, Bitcoin’s role as an alternative macro asset is becoming increasingly prominent.

Performance

Featured News

ETPs | $1.1B Pours Into Crypto in a Week — Smart Money Is Moving

Global crypto exchange-traded products recorded $1.1 billion in net inflows last week, marking the strongest weekly performance since January. Bitcoin products led with approximately $872 million in inflows, while Ethereum saw a rebound with nearly $196 million. The majority of flows were driven by U.S. spot Bitcoin ETFs, highlighting sustained institutional demand through regulated investment vehicles.link

Regulation | U.S. Crypto Bill Advances as Key Roadblocks Begin to Clear

White House crypto advisors said that the list of previously “unsolvable” issues in digital asset legislation has narrowed, signaling growing momentum toward passing a comprehensive U.S. crypto market structure bill. The shift reflects increasing policy alignment between regulators and industry stakeholders as lawmakers work to finalize a federal framework.link

More News

Regulation | The European Central Bank has backed a proposal to shift oversight of major crypto firms and cross-border platforms to the European Securities and Markets Authority, moving supervision from national regulators to a centralized EU-level framework. The plan aims to reduce regulatory fragmentation, strengthen cross-border oversight, and enhance financial stability, though it still requires negotiation among EU lawmakers before becoming law.link

Regulation | U.S. lawmakers have introduced a revised crypto tax bill aimed at addressing key issues in digital asset taxation, including exemptions for small transactions, clearer treatment of staking and mining rewards, and improved reporting requirements. The proposal seeks to reduce compliance burdens while supporting broader adoption of crypto for everyday use.link

Stablecoin | Hong Kong Monetary Authority has granted its first stablecoin issuer licenses to a consortium led by HSBC and Standard Chartered, allowing the issuance of Hong Kong dollar-pegged stablecoins under a regulated framework. The move marks the transition from policy design to implementation, enabling regulated stablecoin use in payments and settlement.link

Regulation | The U.S. Department of the Treasury is expanding its cybersecurity information-sharing framework to include crypto firms, allowing them to receive the same hacker threat intelligence and alerts as traditional financial institutions. The move integrates the crypto sector into existing national security infrastructure, strengthening industry-wide resilience against cyber threats.link

Institution | UK-listed Stack BTC has purchased an additional $2.7 million in Bitcoin, bringing its total holdings to around 68 BTC. The move comes amid increased regulatory scrutiny over crypto-linked political activity, with ties to Nigel Farage drawing additional attention to the company’s positioning.link

ETFs | Goldman Sachs has filed with the U.S. Securities and Exchange Commission for a Bitcoin income ETF that invests primarily in existing Bitcoin exchange-traded products and related derivatives, rather than holding the asset directly. The fund aims to generate yield through options strategies, marking a shift toward more structured, income-oriented crypto investment vehicles.link

Institution | Morgan Stanley signaled that tokenization could become the next major step for its multi-trillion-dollar wealth management business, with executives outlining a vision where assets and liabilities move seamlessly across blockchain-based infrastructure. The firm framed tokenization not as a standalone crypto initiative, but as a core upgrade to advisory, lending, and portfolio management services, reflecting a broader shift toward onchain financial systems.link

Market | Growing concerns over rising global debt levels are reinforcing the case for Bitcoin as an alternative asset within the crypto market. The International Monetary Fund warned that global public debt could approach 100% of GDP by 2029, highlighting increasing fiscal strain across major economies and renewed focus on sovereign risk and currency debasement.link

Institution | eToro has agreed to acquire self-custodial wallet provider Zengo to expand its onchain capabilities and deepen integration with crypto-native infrastructure. The deal brings keyless wallet technology in-house, enabling eToro to move beyond trading into custody, authentication, and direct asset control, while supporting emerging use cases such as tokenization and decentralized markets.link

Adoption | Rakuten has integrated XRP into its ecosystem, enabling tens of millions of users to access, hold, and spend crypto through its payments and rewards infrastructure. The rollout extends crypto usage into everyday commerce across millions of merchants, marking a significant step toward real-world adoption at scale. link

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