Weekly Crypto Round-up for April 19- April 25, 2025

A comprehensive overview of the week's events, updates and movements in the crypto space to stay up-to-date on the most important crypto stories and market-shaping events.

1. KEY TAKEAWAYS

• PayPal will offer a 3.7% yield on PYUSD balances
• KuCoin launches a crypto exchange in Thailand
• TVL in DeFi lending protocols hits $42.69 Billion
• Binance to launch Fund Accounts
• TRON surpasses $70B USDT on blockchain
• Over 70 crypto ETFs are awaiting SEC review in 2025

2. CONTENT

⛓️ PayPal is set to introduce a 3.7% annual yield on its U.S. dollar-backed stablecoin, PYUSD, for U.S. users this summer. It’s a big step toward making PYUSD more attractive -not just for payments, but also as a place to hold stablecoins and potentially earn a return. With this move, PayPal is doubling down on its crypto ambitions and giving users a real reason to start using digital dollars in their everyday lives.

🌏 KuCoin has officially launched its cryptocurrency exchange in Thailand, marking a significant expansion into Southeast Asia. This move comes through the rebranding of ERX Company Limited, Thailand's first SEC-supervised digital token exchange, into KuCoin Thailand. The platform is fully licensed by Thailand's Securities and Exchange Commission (SEC), ensuring compliance with local regulations. Existing ERX users have been seamlessly migrated to the new platform, and the KuCoin TH app is now available for both Android and iOS devices.

🌐 DeFi lending protocols experienced a significant surge, adding $2.3 billion in total value locked (TVL) within 24 hours, bringing the total to $42.69 billion. This growth was accompanied by a $700 million increase in active loans, indicating heightened borrowing demand. Leading the surge, Aave saw a $562 million uptick in loan issuance, while Euler added nearly $30 million.

This activity spurred notable gains in lending-related tokens, with Maple Finance's SYRUP rising 15.2%, Euler's EUL up 11.6%, and AAVE increasing by 8.2%. Some analysts attribute this momentum to renewed investor confidence and improved capital efficiency in the DeFi sector.

️💲 Binance has unveiled "Fund Accounts," a new platform designed to simplify cryptocurrency investment management for fund managers. This plug-and-play tool allows fund managers to help fund managers manage digital asset operations more efficiently, enabling them to focus more on investment strategies rather than the complexities of crypto infrastructure. PR Newswire

The user-friendly solution aims to lower the entry barriers for fund managers interested in the crypto space. The introduction of Fund Accounts reflects Binance's commitment to providing tailored services for institutional investors, following its earlier launch of Binance Wealth, a platform catering to wealth managers seeking crypto exposure for their high-net-worth clients.

📉 The TRON network has surpassed $70 billion in circulating USDT, solidifying its position as the leading blockchain for Tether transactions. This milestone highlights TRON's growing dominance in the stablecoin market, driven by its low transaction fees and high-speed capabilities. The surge in USDT circulation on TRON reflects increasing demand for efficient and cost-effective digital payment solutions, particularly in emerging markets where traditional banking services may be limited. This development underscores TRON's role in increasing accessibility to digital payment infrastructure.

📊 As of April 2025, the U.S. Securities and Exchange Commission (SEC) is reviewing over 70 cryptocurrency exchange-traded fund (ETF) applications. This is a significant expansion beyond the previously approved Bitcoin and Ethereum ETFs. These applications span a diverse array of digital assets, including major altcoins like XRP, Solana, and Litecoin, as well as meme coins such as Dogecoin and themed tokens.

The surge in applications follows the SEC's landmark approvals of spot Bitcoin ETFs in January 2024 and Ethereum ETFs in July 2024, which opened the door for broader crypto market exposure through regulated investment vehicles

3. MARKET MOVES

📈 In the last 24 hours, Bitcoin's price moved +1.39% to $93.64k and trading volume moved -18.19% to $31.57b.

The crypto market remains as dynamic as ever, with new opportunities coming up every day. Whether you’re a seasoned trader, an investor or a beginner, stay informed with the latest trends and insights in crypto.

Register on Freedx for insights, trends, and exclusive updates delivered straight to your inbox!


The information does not constitute financial advice or recommendation and should not be considered as such. All content, including opinions and analyses, is intended for educational purposes only. It should not be considered as solicitation or recommendation for any investment decisions. We encourage you to conduct your own research prior to investing.