A Whale Re-enters Long Position After Shorting ETH and Further Increases Their Holdings by 3974 Coins

On April 29th, as per TheBlock, Kaiko's latest report indicates that the top holders of the TRUMP Meme Coin might be eligible for a VIP dinner and even an encounter with the President. This piece of news has led to a significant surge in token trading activities. The price of the TRUMP token soared by 60% within a single day, rising from $9 to $14.5. Along with this, there was a whopping $2.4 billion in on-chain transfers. The on-chain activity witnessed a 200% increase, setting a new high for the daily trading volume of CEX since mid-February. Kaiko pointed out that although Trump is challenging the view that "Meme coins have no value", this move has also sparked disputes. Both political opponents and moral advocates have questioned the President's act of granting exclusive usage rights to those who purchase his Meme coin. Kaiko predicts that although the current trading volume has pulled back from its peak, it may experience another significant increase in the coming weeks: "As the

On April 29th, according to TheBlock, the "Arizona Strategic Bitcoin Reserve Act" successfully passed the final vote in the House of Representatives. It is now awaiting the signature of Democratic Governor Katie Hobbs. Arizona is about to become the first U.S. state to mandate that public funds be invested in Bitcoin. The bill permits the state treasurer and retirement systems to invest up to 10% of available funds in digital assets, specifically Bitcoin. The summary of the bill indicates that "the bill represents the incorporation of cryptocurrency by the state government into emerging practices in public finance management, reflecting the growing mainstream acceptance of digital assets." The bill's co-sponsors are both Republicans: Senator Wendy Rogers and Representative Jeff Weninger. Currently, several states including Iowa, Missouri, and Texas are considering establishing strategic Bitcoin reserves. At the federal level, former President Trump signed an executive order in March,

On April 29th, according to HTX market data, Bitcoin has exceeded $95,000. It is currently trading at $95,043, with a 24-hour price change of 1.25%.

On April 29th, according to Coinglass data, the total open interest of Bitcoin futures contracts across all exchanges amounts to 674,790 BTC (approximately $63.24 billion). Among them, the open interest of Bitcoin futures on CME is 147,110 BTC (approximately $13.78 billion), ranking first. The open interest of Bitcoin futures on Binance is 115,730 BTC (approximately $10.85 billion), ranking second.

On April 29th, the founder of Binance, CZ, posted on social media, stating, "Today, I had one-on-one meetings with more than 12 project founders. All of their projects are invested in by YZi Labs. I have gained a lot. Keep up the great work."

On April 29th, according to Bitcoin Laws, the full session of the Arizona House of Representatives is scheduled to commence at 1 p.m. local time. The Bitcoin Reserve Bills SB1373 and SB1025 are on the agenda and are expected to undergo final voting.