The crypto market is again in the spotlight, as China denied trade talks with the US, contrary to what President Donald Trump mentioned. This puts the market, which is currently correcting, at risk of a significant crash, losing this week’s gains in the process.
What’s Next For The Crypto Market?
The crypto market is at risk of a decline following China’s denial of ongoing trade talks with the US and President Donald Trump. According to a Bloomberg report, China’s Commerce Ministry spokesman He Yadong dismissed talks about both parties making progress on a tariff deal, stating that “any reports on developments in talks are groundless.
He Yadong also urged the US to “show sincerity” if it wants to make a deal. This development comes after Trump remarked that there were active talks with China daily. As CoinGape reported, the US President also suggested that he would look to cut the 145% tariffs that he had earlier imposed on the Asian country.
The tariff war has had a negative impact on the crypto market and could again derail the rally that the market is currently witnessing. For context, the Bitcoin price has rallied to as high as $85,000 this week while altcoins have also recorded significant gains.
However, it is worth mentioning that the market, led by BTC, looks to have decoupled from stocks, with investors now viewing the leading crypto as a safe haven asset similar to Gold rather than a risk asset. As such, if uncertainty around the ongoing US-China trade war grows, then there is the possibility that Bitcoin and other crypto assets could sustain this rally.
What’s Next For BTC & The Broader Market
Crypto analyst Titan of Crypto has provided an update on the Bitcoin price action and what could come next for BTC and the broader crypto market. In an X post, he stated that the previous daily low (PDL) at around $92,700 has been taken, and a large Fair Value Gap is currently supporting the price.
The analyst stated that the next points of interest are the previous daily high and the previous monthly high at $95,000. Titan of Crypto remarked that the direction should favor upside if the lagging span manages to break out of the Kumo Cloud.
However, if a deeper pullback occurs, he mentioned that Tenkan remains the key support level to watch. The Tenkan is currently at around the $86,000 range.
GRVT co-founder Hong Yea left behind a rising executive career at Goldman Sachs to launch a hybrid crypto exchange as the market collapsed.
Four months after the mainnet, it has processed over $5 billion in volume. Yea tells BeInCrypto how his Wall Street roots helped engineer a decentralized trading powerhouse.
A Leap of Conviction in a Market on Fire
When Hong Yea left a decade-long career at Goldman Sachs, where he had risen to executive director, crypto markets were in freefall. It was late 2022, and FTX had just collapsed.
Confidence in centralized platforms had evaporated. But for Yea, the implosion was not a deterrent—it was validation.
“FTX crystallized our thesis. Centralized counterparties are single points of systemic failure. We saw that coming—and built GRVT to be the opposite,” Yea told BeInCrypto in an interview.
That conviction would be tested. While former colleagues moved toward managing director promotions and fatter bonuses, Yea built a next-gen exchange from scratch. One that would fuse institutional-grade speed and compliance with the decentralization ethos of Web3.
Today, just four months after its public mainnet launch, GRVT has processed over $5 billion in trading volume.
It is the first licensed decentralized exchange (DEX) under Bermuda’s Class M framework and one of the few platforms bridging Wall Street’s rigor with blockchain’s permissionless infrastructure.
Why a Goldman Exec Bet on Blockchain
For Yea, the pivot was not sudden. A trader by training, he spent years inside Goldman watching promising financial products die behind walled gardens.
“I saw brilliant tools and strategies that never reached beyond institutional silos. At the same time, DeFi lacked the risk controls, performance, and compliance needed to scale. I realized: if we could combine both worlds, we could unlock finance for everyone,” he explains.
The spark came at a 2022 crypto conference in Barcelona. Yea saw clearly that blockchain was not just speculative—it was a superior substrate for finance.
“It’s like a smarter internet. Not just for data, but for logic. Immutable, programmable, global. That’s what finance needs,” he articulates.
The Hybrid Advantage: CEX Speed Meets DEX Trustlessness
In the interview, Hong Yea presented GRVT as a purpose-built hybrid, not a traditional DEX or a centralized exchange with a Web3 gloss.
The platform, he said, separates matching and risk logic off-chain from settlement and custody on-chain. With this, users get the speed of centralized venues without ceding control of their assets.
“Every trade is executed with sub-millisecond latency, but settled on-chain via smart contracts that never touch user funds. It’s trustless execution at institutional speeds,” Hong Yea remarked.
Users sign trades cryptographically using SecureKey technology, which combines multi-party computation (MPC) with biometrics for maximum safety. At the same time, onboarding feels like Web2—email, password, 2FA.
Behind the scenes, GRVT’s zero-knowledge chain ensures privacy while keeping settlements transparent. Crucially, the platform allows users to instantly rehypothecate margin across markets—an edge even legacy prime brokerages rarely offer.
GRVT’s “CeDeFi” architecture combines off-chain order matching and risk management with on-chain self-custodial settlement using a private zk-powered Validium chain. It eliminates intermediaries, avoids on-chain custody fees, and enables users to maintain sole control of their assets.
“Trades execute in sub-millisecond latency but clear trustlessly in users’ own wallets,” Yea said.
This design directly targets the weaknesses of both CEXs and DEXs:
CEXs offer convenience and speed but force users to relinquish custody, introducing counterparty risk.
DEXs provide transparency and control but suffer from latency and fragmented liquidity.
GRVT bridges that divide. Users sign trades with biometrics via a SecureKey while all assets remain in their wallets.
“We blend Web2 login flows with cryptographic controls and one-click trade signing,” Yea explained. “It’s the speed of Binance with the self-custody of Uniswap—minus the trade-offs.”
$5 Billion in 120 Days With Regulation As The Blueprint
According to Hong Yea, GRVT’s explosive growth was engineered through raw performance, ecosystem incentives, and early partnerships. Its matching engine operates with latency under 10 milliseconds, outpacing Ethereum-based DEXs, Solana (SOL), and even newer Layer 2 solutions.
However, it is not just about speed. GRVT rewards market makers, community contributors, and liquidity providers, and creates a balanced, multi-stakeholder system.
Reportedly, more than 40 institutions, including CoinRoutes and top prime brokers, now trade on GRVT, injecting deep liquidity from day one.
Moreover, in a post-FTX playing field, the timing is opportune. Retail users demand transparency; institutions demand compliance. GRVT meets both demands without compromise.
“We’re not a niche. We’re a bridge. Retail wants safety, institutions want access. We offer a platform where both can trade on equal footing,” Yea added.
While most DEXs attempt to dodge regulation, GRVT leaned in. It became the world’s first licensed DEX under Bermuda’s Digital Asset framework.
“We treat compliance as code. Our chain enforces KYC and trade surveillance at the protocol level. That’s not just policy—it’s unbreakable,” Yea emphasized.
Reportedly, GRVT is now in active discussions with regulators across Asia, Europe, and North America, working toward multi-jurisdictional licensing for a globally compliant rollout. Yea believes this regulatory adoption is not a constraint but a critical enabler.
“Rules aren’t the enemy—they’re the gateway to institutional trust,” he stated.
Meanwhile, GRVT’s vision does not end with crypto trading. Yea sees a future where tokenized real-world assets (RWAs), including equities, funds, and institutional strategies, trade peer-to-peer (P2P) on a decentralized, composable platform.
“Wall Street is warming up. However, this time, they will come not to dominate, but to integrate,” Yea concluded.
Building long-term trust on a blockchain may seem like a leap for a trader who once priced risk in microseconds. However, for Hong Yea, it was a calculated trade—and so far, it is paying off.
As blockchain technology continues to surge, the demand for digital asset appreciation has become a key drive of industry development. However, the limitations of traditional financial models and the complexity of on-chain operations present significant challenges for investors.
On one hand, traditional wealth management offers high barriers to entry and low returns, falling short of investor expectations for rapid asset growth. On the other hand, the complicated processes and potential risks of on-chain activities deter many users from participation.
Against this backdrop, Gate.io Staking provides users a safe, flexible, and high-yield solution for digital asset growth, leveraging innovative financial models and robust technology, trying to redefine the future of on-chain wealth management.
An Innovative Financial Model Potentially Ushering in a New Era of Digital Asset Growth
The launch of Gate.io Staking marks a new chapter in digital asset management. By integrating popular Proof-of-Stake (PoS) projects, the platform opens a novel pathway for users to grow their assets. Users can simply stake a certain amount of crypto assets to earn substantial on-chain rewards.
At the heart of this model is Gate.io’s rigorous project selection and professional evaluation. Every PoS project listed undergoes thorough due diligence by the platform’s expert team, ensuring a solid foundation for user’s asset safety. This innovative approach provides users with diversified staking options and, through its low entry threshold and high-yield features, makes digital asset growth more accessible than ever.
From the perspective of product design, Gate.io Staking stands out with its distinct advantages. The platform gathers the industry’s top PoS projects, offering users a wide selection of premium opportunities and competitive yields. Its flexible staking and redemption mechanism grants users greater control over their investments, allowing them to adjust their asset allocation at any time without worrying about long-term lockups.
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Embrace DeFi: Unlock New Staking Opportunities
Recently, Gate.io Staking has officially integrated new DeFi protocols, offering users greater asset transparency and lower transaction costs. By leveraging carefully selected on-chain lending, re-staking, and decentralized exchange (DEX) protocols, the platform provides enhanced liquidity and diversified earning opportunities.
Through deep integration with leading DeFi lending protocols such as Compound V3 and Aave V3, users can stake mainstream stablecoins like USDC and USDT to earn multiple token rewards, including USDC, USDT, AVAX, and COMP. This model offers stable and reliable returns, with competitive annualized yields designed to bring better investment experience to users.
In addition, Gate.io Staking integrates the dYdX protocol, enabling users to stake DYDX with a single click on Gate.io to earn yield in USDC stablecoins. This DeFi integration expands earning possibilities while leveraging the transparency and security of decentralized finance, providing users with a safe and reliable investment environment.
Diversified Tokens Launched: Capture New Opportunities of Asset Growth
Recently, Gate.io Staking is set for a major product upgrade, with the addition of four popular assets: USDT, USDC, DYDX, and AVAX. Alongside this expansion, the platform is launching exclusive bonus rewards, offering annualized yields of up to 9.02%, creating unprecedented earning opportunities for investors.
USDT and USDC staking and yield distribution are enabled through multiple diversified DeFi protocols such as AAVE V3 and Compound V3, each offering unique operation modes and risk-return profiles. Investors can choose their preferred protocols based on individual risk tolerance and investment objectives, enjoying stable returns from digital asset growth.
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Seize the Opportunity: Embark on the Digital Asset Growth Journey
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MicroStrategy which has rebranded to Strategy announced yet another major Bitcoin purchase. The latest purchase was made between April 21 and April 27. The purchase was completed on April 28, 2025 and has brought MicroStrategy’s total Bitcoin holdings to 553,555 BTC.
MicroStrategy Buys 15,355 Bitcoin For $1.42 Billion
As per the details from their announcement, this time the firm purchased 15,355 BTC for approximately $1.42 billion. The purchase was made at an average price of $92,737 per bitcoin. Company executive chairman Michael Saylor shared the news on X.
According to Saylortracker, the company’s Bitcoin portfolio is now valued at approximately $52.76 billion. This stash has seen a major pump from their cost basis of approximately $37.90 billion.
$MSTR has acquired 15,355 BTC for ~$1.42 billion at ~$92,737 per bitcoin and has achieved BTC Yield of 13.7% YTD 2025. As of 4/27/2025, we hodl 553,555 $BTC acquired for ~$37.90 billion at ~$68,459 per bitcoin. https://t.co/5OOs3UdWLg
MicroStrategy’s latest purchase of 15,355 BTC continues a pattern of aggressive Bitcoin acquisition that has accelerated in recent months. According to the company’s portfolio tracker, this latest purchase on April 28, 2025, follows several other purchases made in quick succession during the past six weeks.
On April 21, 2025, just one week prior to the latest purchase, the company bought 6,556 BTC for $555.8 million at an average price of $84,785 per bitcoin. This followed an April 14, 2025, purchase of 3,459 BTC for $285.8 million at $82,618 per bitcoin. Amidst the purchase, MicroStrategy and Metaplanet have seen a $5.1 million gain from BTC Treasury operations.
Strategy’s BTC Purchases From March Are Profitable
March 2025 was particularly active, with two major purchases: 22,048 BTC acquired on March 31 for $1.92 billion at $86,969 per bitcoin, and 6,911 BTC purchased on March 24 for $584.1 million at $84,529 per bitcoin. The company also made a smaller acquisition of 130 BTC on March 17 for $10.7 million.
All of MicroStrategy’s Bitcoin purchases from March 2025 to date are currently profitable. The company’s March 31 purchase of 22,048 BTC has generated the largest absolute profit at $179,377,818.72.
At $92,737 per bitcoin, this most recent purchase was executed at a price more than 35% higher than the company’s overall average acquisition cost of $68,459. Despite Bitcoin trading highly volatile, Saylor has shown no hesitation in continuing the accumulation strategy.
In his announcement tweet, Saylor highlighted the “BTC Yield of 13.7% YTD 2025” and shared attention to Bitcoin’s performance this year. MicroStrategy’s Bitcoin holdings now account for approximately 2.63% of the total circulating Bitcoin supply of 21 million coins. Bitcoin price was now trading $95,000 at press time.
