Happy Friday! Welcome to the 16th instalment of the Coinbyte Weekly Wrap.

The market remained under mild pressure this week, trading in a slightly weaker and more consolidated range. BTC fluctuated between the mid-US$74,000s and a peak near US$79,500, before trending lower and settling around US$76,075, posting a weekly decline of approximately 2.15%. Price action showed a brief midweek strength followed by a gradual pullback into the end of the week.Major altcoins broadly followed Bitcoin’s lead, closing mostly in negative territory. Ether declined 2.76%, BNB slipped 2.58%, and Solana fell 2.72%, all reflecting continued softness across large-cap assets. In contrast, Dogecoin stood out with a strong 12.64% weekly gain, significantly outperforming the broader market, while Cardano managed a modest 0.56% increase. TRX showed relative resilience with only a slight 1.16% weekly dip.Trading activity remained relatively stable. BTC’s average daily volume came in at approximately US$30.4bn over the past seven days, while USDT continued to dominate turnover at around US$111.1bn. ETH and SOL recorded average daily volumes of roughly US$13.8bn and US$3.6bn respectively, indicating steady but slightly moderated participation.On the flows side, today (April 30) saw a notable single-day net outflow of დაახლოებით US$263m, marking a relatively rare крупный outflow event in the near term. This follows a strong prior week (Apr 20–24), which recorded net inflows of US$824m and extended the streak to four consecutive weeks of positive inflows.Zooming out, April has shown a clear acceleration in institutional participation: total monthly inflows have exceeded US$2.4bn—nearly double March levels—bringing year-to-date flows back into positive territory. Meanwhile, total ETF AUM has surpassed US$102bn, with cumulative net inflows reaching approximately US$58bn since launch.Overall, this week’s market action pointed to a continued cooling phase, with Bitcoin consolidating and most large-cap altcoins facing mild downside pressure, even as the broader structural trend of institutional inflows remains intact.

This week saw strengthening policy support and continued institutional expansion, reinforcing crypto’s move into mainstream finance.Capital and liquidity are increasingly concentrated in Bitcoin and regulated products. BlackRock’s iShares Bitcoin Trust scaled rapidly, while institutional activity—from Strategy’s accumulation to growing derivatives dominance—signals deeper market control by traditional players.At the same time, real-world adoption is accelerating. Visa is expanding stablecoin payments, while Morgan Stanley and WisdomTree are building yield and reserve infrastructure around stablecoins and tokenized assets.Overall, with policy tailwinds, institutional scale, and rising onchain utility, the market continues to evolve toward deeper financial integration.

Performance

Newsflow

Policy | Trump Backs Crypto as Mainstream

U.S. President Donald Trump defended ongoing crypto legislation at a private Mar-a-Lago event attended by figures including Mike Tyson and Tether CEO Paolo Ardoino. He criticized banks for resisting crypto-related bills and emphasized that digital assets have become mainstream, signaling continued political backing for market structure reforms.link

Institution | Strategy added 3.3K BTC, Eyes 1M

Strategy added 3,273 Bitcoin for ~$255M, bringing total holdings to 818,334 BTC as it continues progressing toward its 1 million BTC target. The firm remains the largest public corporate holder, extending its long-term accumulation strategy.link

More News

Institution | BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has surpassed a major milestone, with assets under management exceeding $20 billion within months of launch. The fund has consistently ranked among the most actively traded ETFs in the U.S., reflecting strong and sustained inflows from both retail and institutional investors. The rapid scale-up places IBIT among the fastest-growing ETFs in history and signals accelerating integration of crypto exposure into traditional investment portfolios.link

Institution | BlackRock’s iShares Bitcoin Trust (IBIT) options open interest has surpassed that of Deribit, marking a major milestone for regulated crypto derivatives. The shift highlights growing institutional participation in U.S.-listed Bitcoin products and signals accelerating integration of crypto into traditional financial markets.link

Institution | Morgan Stanley has launched a stablecoin reserves portfolio, positioning itself as a reserve manager for issuers. The fund invests in cash and short-term U.S. Treasuries to meet expected regulatory requirements, signaling Wall Street’s push to control stablecoin infrastructure as the sector scales.link

Market | Fidelity Digital Assets said Bitcoin is acting as the market’s anchor, leading stabilization despite ongoing consolidation. The report highlights rising dominance and capital concentration in the most liquid asset, with on-chain indicators pointing to improving underlying conditions.link

Payments | Visa’s stablecoin settlement pilot has reached a $7B annualized run rate, up 50% QoQ, while expanding to nine blockchains. The move reflects growing real-world payment usage and positions Visa as a multi-chain settlement layer for stablecoin transactions.link

Tokenization | Stable Sea has partnered with WisdomTree to enable businesses to deploy idle stablecoin balances into tokenized U.S. Treasury funds, starting with WTGXX. The integration allows corporate users to earn yield on onchain cash while maintaining liquidity through programmable treasury workflows.link

Tokenization | Solana’s RWA ecosystem has reached a new all-time high of $2.5B in total value, with nearly 200,000 holders, reflecting rapid growth in tokenized treasuries and other real-world assets onchain.link

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