Could Bitcoin really hit $1 million? According to Bitcoin Policy Institute’s Zach Shapiro, it could—if the U.S. ever decided to buy 1 million BTC. On a recent Bitcoin Magazine podcast, Shapiro said such a move would send shockwaves through global markets and skyrocket Bitcoin’s price.
Meanwhile, as economic tension rises, Donald Trump reignited his feud with Fed Chair Jerome Powell, slamming him for delaying rate cuts—just as the European Central Bank moved ahead with its own.
Here’s a quick rundown of everything you might’ve missed this week in crypto.
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TOP CRYPTO NEWS RECAP (April 13–April 19, 2025)
- Mantra CEO Plans to Burn Team’s Tokens in Bid to Win Community Trust
- Altcoins May Rally in Q2 2025 Thanks to Improved Regulations: Sygnum
- Fed's Powell Reasserts Support for Stablecoin Legislation
- Bitwise Lists Four Crypto ETPs on London Stock Exchange
- Hacker Mints $5M in ZK Tokens After Compromising ZKsync Admin Account
- Bitcoin Could Hit $1M if US Buys 1M BTC — Bitcoin Policy Institute
Mantra CEO Plans to Burn Team’s Tokens in Bid to Win Community Trust
Mantra CEO John Mullin announced plans to burn 300 million locked team tokens—worth about $236 million—in an effort to regain community trust after OM’s dramatic price collapse on April 13, which wiped over $5.5 billion in value. The tokens were originally set to unlock between 2027 and 2029. Mullin emphasized transparency and floated the idea of a decentralized vote on the burn. While some praised the move, others warned it could harm long-term team motivation. Mantra also plans to use its $109 million ecosystem fund to stabilize OM’s price and strongly denies rumors of insider manipulation or control over OM supply.
Altcoins May Rally in Q2 2025 Thanks to Improved Regulations: Sygnum
Sygnum Bank predicts a strong altcoin rally in Q2 2025, driven by improved crypto regulations and growing user engagement. While Bitcoin’s dominance hit a four-year high, signaling a shift to safety, Sygnum believes regulatory moves—like Trump’s Digital Asset Stockpile and stablecoin progress—could fuel wider adoption. The report highlights emerging altcoins such as Toncoin, Sui, Aptos, Sonic, and Berachain, each using unique strategies to gain traction. Layer-2 networks like Base also show promise despite memecoin volatility. Meanwhile, memecoins held 27.1% of investor interest in Q1, showing their influence even as institutions increasingly turn to Bitcoin.
Fed's Powell Reasserts Support for Stablecoin Legislation
Federal Reserve Chair Jerome Powell has reaffirmed his support for creating a legal framework for stablecoins, calling it a necessary step as digital assets move into the mainstream. Speaking at the Economic Club of Chicago, Powell noted that stablecoins, which are pegged to the U.S. dollar, have broad consumer appeal but currently lack federal oversight. He highlighted past failures in the crypto space and emphasized the need for consumer protection. The political climate is shifting, with increasing momentum behind stablecoin legislation. A final bill could be passed soon, as the U.S. government positions itself to lead in digital asset innovation.
Bitwise Lists Four Crypto ETPs on London Stock Exchange
Asset manager Bitwise has launched four Bitcoin and Ethereum exchange-traded products (ETPs) on the London Stock Exchange, marking its expansion into Europe. The offerings include Bitwise Core Bitcoin ETP, Bitwise Physical Bitcoin ETP, Bitwise Physical Ethereum ETP, and Bitwise Ethereum Staking ETP—but are only available to institutional and accredited investors, shutting out UK retail traders.
This move aligns with growing institutional crypto adoption, following Bitwise’s US ETF progress, including a dual Bitcoin-Ether ETF awaiting final SEC approval and filings for a Dogecoin ETF and Aptos ETF. Bitwise’s CIO predicts $50B in Bitcoin ETF inflows in 2025, potentially stabilizing crypto prices by bridging traditional and digital markets.
Hacker Mints $5M in ZK Tokens After Compromising ZKsync Admin Account
A hacker exploited a ZKsync admin account on April 15, minting 111 million unclaimed ZK tokens worth $5 million. The breach affected contracts tied to ZKsync’s airdrop, using a function called sweepUnclaimed(), which has since been secured. While no user funds were impacted, the incident inflated the token supply by 0.45%. ZKsync is working with the Security Alliance (SEAL) to recover the stolen assets. The hack caused a 7% drop in the ZK token’s price. This breach adds to the growing crypto security crisis, with $2 billion lost to hacks in just the first quarter of 2025.
Bitcoin Could Hit $1M if US Buys 1M BTC — Bitcoin Policy Institute
The Bitcoin Policy Institute (BPI) suggests that if the U.S. government purchases 1 million BTC, Bitcoin’s price could skyrocket to $1 million, creating a seismic market shift. This idea follows former President Trump’s executive order to establish a Strategic Bitcoin Reserve, aiming to position the U.S. as a "Bitcoin superpower." BPI executives argue that budget-neutral strategies—such as using tariff revenues, federal asset sales, or oil/gas royalties—could fund Bitcoin acquisitions without burdening taxpayers. Senator Cynthia Lummis also reintroduced the BITCOIN Act to push U.S. holdings beyond 1 million BTC. With global nations closely watching, this move could redefine Bitcoin’s role in national reserves.
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