South Korea&#8217;s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People&#8217;s…

South Korea to allow trading for spot Bitcoin ETF this year

The potential approval of a Dogecoin ETF could legitimize meme coins in 
mainstream finance, influencing broader crypto market dynamics.
The post Nasdaq seeks SEC approval to list spot Dogecoin ETF from 21Shares 
appeared first on Crypto Briefing.

Nasdaq seeks SEC approval to list spot Dogecoin ETF from 21Shares

It has been a turbulent year for bitcoin, with the leading cryptocurrency 
soaring to an all-time peak of $109,356 before retreating to a trough of 
$74,434. Amid volatile price swings and persistent macroeconomic unease, 
optimism for bitcoin’s trajectory in 2025 remains notably strong. $250K 
Bitcoin? 8 Predictions Reveal a Wild Road Ahead for Crypto Consider, […]

8 Eye-Opening Bitcoin Price Predictions Show Crypto’s Bullish Fire Still Burns

**Key takeaways:**
 * Ether&#8217;s price was rejected at $1,860, but $1,800 must hold for a $2,000 breakout.
 * Strong Ethereum ETF inflows signal high institutional demand.
 * Ethereum&#8217;s $51.8B TVL and 30% DEX weekly volume rise show robust network strength.
 * A bull flag pattern on the ETH&#8217;s four-hour chart targets $2,100.
Ether&#8217;s (ETH) price rose to a new range high at $1,860 on April 28, its 
highest value since April 2.
Several analysts argue that the ETH price needs to hold above $1,800 to 
increase the chances of rising higher.
&#8220;Once ETH confirms this 4H close above resistance [$1,800], Ether and altcoins 
will finally get their time to shine,&#8221; trader Kiran Gadakh said in an April 29 
post on X. 
&gt; &#8220;I can feel it in my bones, $2,000 ETH coming fast.&#8221;
_ETH/USD 12-hour chart.__Source: Kiran Gadak_
Popular analyst Nebraskangooner opined that if ETH faces high volume rejection 
from the $1,800 level, it might drop to test support levels around $1,600.
_Source:__Nebraskangooner_
## Ethereum ETF demand returns
Several data metrics suggest that Ether is well-positioned to break out toward 
$2,000 in the following days or weeks.
One factor supporting Ether&#8217;s bull case is resurgent institutional demand, 
reflected by significant inflows into spot Ethereum exchange-traded funds 
(ETFs).
On April 28, Ethereum ETFs saw a net inflow totaling $64.1 million. This 
followed inflows totalling $151.7 million during the week ending April 25, the 
highest since February 2025.
_Spot Ethereum ETF netflows. Source: SoSoValue_
The increase in institutional demand was reinforced by net inflows of $183 
million into Ethereum investment products last week, ending an eight-week 
streak of outflows, as reported by CoinShares.
This trend reflects growing confidence among traditional finance players, as 
observed by market analysts like CoinShares&#8217; head of research, James 
Butterfill, who noted:
&gt; &#8220;We believe concerns over the tariff impact on corporate earnings and the 
&gt; dramatic weakening of the US dollar are why investors have turned toward 
&gt; digital assets, which are being seen as an emerging safe haven.&#8221;
Institutional buying creates sustained upward pressure on Ether&#8217;s price by 
absorbing the available supply.
## Strong Ethereum onchain activity is back
Ethereum remains the undisputed top layer-1 blockchain with more than $51.8 
billion in total value locked (TVL) on the network, according to data from 
DefiLlama. The chart below shows that Ethereum&#8217;s TVL has increased by 
approximately 16% over the last seven days.
_Ethereum TVL and daily DEX volumes. Source: DefiLlama_
Aave was among the strongest performers in Ethereum deposits, with the TVL 
rising 13.5% over seven days. Other notable increases included Lido (12%), 
EigenLayer (13%), and Ether.fi (12%).
Compared to other top-layer networks, the Ethereum network towers above its 
rivals in terms of TVL growth in the daily and weekly time frames, except SUI, 
which has seen a 47% increase in its TVL over the last seven days.
Ethereum&#8217;s daily DEX volumes have increased by more than 30% over the last 
week, to $1.65 billion. However, this is significantly lower than the 78% and 
44% increases on SUI and Solana, respectively.
_**Related:**__**Ethereum Foundation shuffles leadership, splits board and 
management**_
## ETH price bull flags targets $2,100
The ETH/USD pair has a good chance of resuming its upward momentum despite the 
rejection at $1,860, as the chart shows a classic bullish pattern.
Ether&#8217;s price action over the past week has led to a bull flag pattern on the 
four-hour chart, as shown in the figure below. A four-hour candlestick close 
above the flag&#8217;s upper boundary at $1,800 on April 29 suggests the start of an 
upward move.
The flagpole&#8217;s height sets the target, which projects Ether&#8217;s price ascent to 
$2,100 or approximately a 15% increase from the current price.
_ETH/USD 4-hour chart w/ bull flag pattern. Source: 
Cointelegraph/__TradingView_
Another bullish indicator is the relative strength index, which is moving 
within the positive region at 60, suggesting that the market conditions still 
favor the upside.
As Cointelegraph reported, increased demand from the $1,700 area (at the 
20-day SMA) should serve as a solid foundation for ETH price to reach the 
$2,110 level, eventually topping out at $2,500.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Ethereum price has several reasons to break $2,000 next

SEI price is showing signs of a potential bullish reversal amid building 
anticipation around a potential staked SEI exchange-traded fund from Canary 
Capital. Sei (SEI) which had been forming consistently lower highs and lower 
lows since early January, has recently…

SEI price targets $0.40 as anticipation builds for staked SEI ETF

The United States&#8217; rejection of a central bank digital currency has not halted 
the progress of CBDCs globally, but their success has been questionable so 
far, according to a former Binance executive.
Global CBDC projects have not failed, but they have also not become what they 
were anticipated to be, according to Olga Goncharova, CEO at the consulting 
firm Rizz Go and former director of government relations in the Commonwealth 
of Independent States at Binance.
&#8220;CBDCs were conceived as a technological breakthrough, but so far they look 
like expensive imitations of existing traditional fiat currencies that 
citizens and businesses already use through online banking and payment apps,&#8221; 
Goncharova told Cointelegraph at the Blockchain Forum in Moscow.
_Olga Goncharova during a panel on Web3 geopolitics at the Blockchain Forum 
2025 on April 23. Source: Blockchain Forum_
Though some of the CBDC-like creatives date back to the 1990s, modern 
initiatives are yet to offer users a real added value compared to traditional 
payment channels, she said.
## CBDC leaders like China struggle with adoption
&#8220;Today it is clear that the expectations around CBDCs were overestimated,&#8221; 
Goncharova claimed, adding that none of the jurisdictions worldwide have 
succeeded in the mass adoption of retail CBDCs.
&#8220;Even in China, where the digital yuan project has been moving longer and more 
actively than others, its share in the payment system remains minimal,&#8221; she 
added, referring to multiple online reports suggesting that China&#8217;s CBDC has 
been struggling amid slow adoption.
_Source: Mercator Institute for China Studies_
With China&#8217;s CBDC early-stage research starting in 2014, China&#8217;s digital yuan 
is known as one of the biggest CBDC projects worldwide, offering an electronic 
version of the Chinese yuan intended for online and offline transactions.
_**Related:**__**China selling seized crypto to top up coffers as economy 
slows: Report**_
The Chinese government has been actively promoting the use of the digital 
yuan. Still, some reports declared China&#8217;s digital project a failure in late 
2024, referring to the downfall of Yao Qian, the first director of CBDC 
development at China&#8217;s central bank. Late last year, he was reportedly 
expelled from public office by the government.
## EU pushes a digital euro for autonomy
Every country has its reasons to pursue a CBDC, Goncharova continued, noting 
that the European Union has been pushing its digital euro project to protect 
its financial autonomy.
&#8220;In the EU, the digital euro is perceived more as an instrument of strategic 
autonomy than as a response to market demand,&#8221; she stated, adding that its 
goal is to reduce reliance on payment giants like Visa and Mastercard.
_Source:__Reuters_
However, the efforts to create a pan-European payment system have faced 
serious challenges, such as market share concerns by banks as well as adoption 
difficulties.
&#8220;The European Central Bank has not yet decided whether the digital euro will 
operate on the blockchain, as it does not see convincing cases for 
programmability and points to technological risks,&#8221; Goncharova said.
## Russia delays a digital ruble
Russia has emerged as one of the most active jurisdictions in the global CBDC 
race, but it&#8217;s yet to roll out its digital currency as well, which has been on 
multiple trials since early 2022.
After seeing many launch delays, a digital ruble could be postponed further as 
Bank of Russia Governor Elvira Nabiullina in February announced that the mass 
adoption of a digital ruble would occur later than planned.
_A panel at the Blockchain Forum 2025 in Moscow. Source: Blockchain Forum_
At the same time, Finance Minister Anton Siluanov has recently claimed that 
the digital ruble is scheduled to be rolled out for commercial banks in the 
second half of 2025.
_**Related:**__**Russian ruble stablecoin: Exec lists 7 &#8216;Tether replica&#8217; 
features**_
&#8220;In Russia, there is no urgent need to reduce dependence on foreign payment 
systems as in the EU,&#8221; Goncharova told Cointelegraph, adding:
&gt; &#8220;The digital ruble is rather perceived as a tool for increasing the 
&gt; efficiency of internal settlements. The project is still at the testing 
&gt; stage. Its further development will depend on how clearly the tasks are 
&gt; formulated and whether there is practical sense for users and the economy.&#8221;
While Russia has been delaying its digital ruble, some officials have recently 
called on the government to create ruble-pegged stablecoins, echoing the US&#8217;s 
stablecoin push.
While several ruble stablecoins have already been introduced, it remains to be 
seen whether the initiatives can compete with giants like Tether&#8217;s USDt 
(USDT).
_**Magazine:**__**Ethereum is destroying the competition in the $16.1T TradFi 
tokenization race**_