Gate Research Daily Report: On April 28, Bitcoin slipped 0.45% to $93,528.7, while Ethereum declined 1.7% to $1,775.7. The stablecoin market cap is nearing $240 billion, and DeFi TVL has climbed back above $100 billion. Meanwhile, the world’s first spot XRP ETF debuted in Brazil, and Arizona’s Bitcoin reserve legislation is approaching its final vote.

• Market Analysis: Bitcoin price fell 0.45% to $93,528.7, while Ethereum dropped 1.72% to $1,775.67.
• Top Performers: The top performing altcoins in the past 24 hours were CSPR, FIS, and PENGU, which rose 70.53%, 40.5%, and 33.5%, respectively.
• Data Highlights: Arbitrum, BSC, and Noble recorded the highest net inflows through cross-chain bridges over the past 7 days.
• Spotlight Analysis: Arizona’s Bitcoin reserve legislation is approaching its final vote. Meanwhile, the world’s first spot XRP ETF has been listed for trading in Brazil.
• Market Opportunities: GiveRep is helping users build, manage, and showcase their social reputation in Web3 by issuing and collecting verifiable on-chain endorsements. The project is currently running an airdrop campaign.

Explore today’s details → Gate Research: DeFi TVL Rebounds to $100 Billion, World’s First Spot XRP ETF Launches in Brazil

Gate Research is a comprehensive blockchain and crypto research platform that provides readers with in-depth content, including technical analysis, market insights, industry reviews, trend forecasts, and macroeconomic policy analysis.

Disclaimer
Investing in the crypto market involves a high level of risk. Users are advised to conduct independent research and fully understand the nature of any assets and products before making investment decisions. Gate.io assumes no responsibility for any losses or damages resulting from such investment activities.

Gate.io Team
April 28, 2025

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