What a wild week it’s been for crypto! Markets are heating up again, and we’re here—just like always—to keep you in the loop. From surging meme coins to fresh upgrades on Ethereum, and even geopolitical tensions impacting global sentiment, there’s a lot going on. One this is clear, crypto is back! In this blog, we’ll walk you through the biggest crypto news and the hottest airdrop updates you should know about.
Let’s dive in.
1. Crypto is Back Baby!
The crypto market just reminded everyone why we’re here. Bitcoin tapped $100,000 for the first time since January. Ethereum surged past $2,400. And memes like MooDeng pumped over 100% in one day. The sentiment? Pure euphoria.
One reason is the macro backdrop. Trump’s tariff deals are making headlines again. Global markets are bracing for inflation, and crypto is rising as a hedge. Add to that April’s monthly close above the yearly open—a super bullish technical signal—and you’ve got fuel for the fire.
Virtuals Protocol went up 4x from its bottom. Fartcoin exploded. And Solana is flexing its strength. The bulls are back—and they brought memes with them.
2. Ethereum’s Pectra Upgrade Makes $ETH Deflationary Again
Ethereum just rolled out its biggest upgrade since “The Merge,” and it’s a game-changer. The Pectra upgrade is here, and it’s already having a major impact.
ETH pumped 23% in just one day, climbing to $2,411. The upgrade streamlines staking and enhances user experience. But the real story? $ETH is deflationary again. More coins are being burned than created, reigniting the narrative of digital scarcity.
This matters. As more ETH gets burned, it reduces circulating supply. Scarcity drives demand, and that means upward pressure on price. Many traders are now eyeing $3K ETH in Q2.
Some analysts even say this could trigger a full “ETH Season.” That’s when altcoins built on Ethereum begin outperforming. It’s already happening. Watch this space.
3. Important Airdrop Updates
We know you’re farming. So here are this week’s key airdrop updates. We’ve got links, claims, and voting rounds—just the way you like it.
Don’t sleep on these. Some airdrops become life-changing opportunities.
If you’re not into the above airdrops, have a look at our farming list for Q2 in 2025.
4. Nike Sued Over RTFKT NFT Shutdown
Nike is facing heat—and not just on the track. A proposed class-action lawsuit is asking for $5 million in damages, claiming the company rug-pulled NFT investors by shutting down the RTFKT platform.
The plaintiffs argue that Nike hyped up the NFT sneakers to drive purchases, only to later abandon the platform. According to the lawsuit, these NFTs were “unregistered securities” promoted heavily using Nike’s branding and marketing muscle.
While U.S. courts haven’t made a final call on whether NFTs are securities, the complaint suggests Nike violated consumer protection laws. It’s a big case to watch. If the court sides with the plaintiffs, this could set a major precedent for how NFTs are regulated.
Platforms like OpenSea are already urging the SEC to stay out of NFT regulation. But this case might force some clarity, whether the space is ready for it or not.
5. Panama Establishes a Strategic Bitcoin Reserve
Panama is joining the crypto party in a big way. Panama City Mayor José Luis Fábrega just announced the creation of a strategic Bitcoin reserve. That’s right—another Latin American country is embracing Bitcoin.
The goal? Hedge against inflation, attract foreign investment, and modernize the economy. Sound familiar? El Salvador did it first, and now Panama is following in its footsteps.
By creating a Bitcoin reserve, Panama aims to position itself as a hub for blockchain innovation. The country already has a strong banking sector and a crypto-friendly legal framework. This move could bring even more capital into its growing digital economy.
Critics say Bitcoin’s volatility makes it a risky store of value. But long-term holders (HODLers) know it’s more about future potential. Panama’s announcement could inspire more Latin American nations to follow suit.
6. India–Pakistan Conflict Escalates: What It Means for Crypto
In more somber news, tensions are rising between India and Pakistan. Over the past few days, both sides have traded drone attacks, airstrikes, and heavy shelling along the Kashmir border. Reports suggest dozens of lives have been lost, including civilians and tourists.
Here’s why this matters to crypto: Geopolitical instability tends to push investors toward decentralized assets. When traditional systems shake, Bitcoin and stablecoins often see increased demand as safe havens.
Already, we’re seeing spikes in USDT volumes in regional exchanges. If the conflict escalates further, expect more capital to flow into crypto markets across Asia.
It’s a tragic situation—but it also underscores one of crypto’s strongest value propositions: neutrality and security in times of chaos.
Final Words
The verdict is in—crypto is back. Whether you’re here for the memes, the macro trades, or the next big airdrop, this week delivered something for everyone.
Ethereum is making waves with Pectra. Meme coins are pumping like it’s 2021. Panama is stacking sats. And the global news cycle is pushing more people toward digital assets.
As always, we’ll keep you updated with the latest news and the best airdrops to farm. Stay sharp, stay safe, and stay ready—because crypto never sleeps.
If you enjoyed this blog, you may want to check our other crypto news updates.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
