Daily Crypto News Digest: A Green Day for the Market and New Innovations

Overview of Today’s Crypto Market

In what has become a refreshing trend, the cryptocurrency market is displaying positive momentum today. Over the past 24 hours, the global market capitalization has experienced a modest increase of 0.5%, bringing it to $3.06 trillion. As of this writing, daily trading volumes within the crypto space have surged to approximately $104 billion, indicating a day of active trading.

Among the top 100 cryptocurrencies by market capitalization, only three are showing losses today. Tokenize Xchange (TKX) has fallen 3% to a price of $31.24, while TRON (TRX) and XDC Network (XDC) are down by 0.7% and 0.5%, currently priced at $0.2426 and $0.07422, respectively.

On the brighter side of the spectrum, Sui (SUI) stands out as the day’s best performer, surging an impressive 23.3% to $3.66. Stacks (STX) also showed strong growth, climbing 16.4% to reach $0.8878. Other notable gains include Dogecoin (DOGE), which rose 5.2% to $0.1821, and Cardano (ADA), increasing by 4.6% to $0.7174. Both Bitcoin (BTC) and Ethereum (ETH) have each gained about 2%, trading at $94,203 and $1,785, respectively.

Binance Introduces Fund Accounts for Enhanced Management

In a significant move for fund management in the crypto sector, Binance has launched an innovative feature called Fund Accounts. This new offering is touted as "the first digital asset exchange technological solution for fund managers to facilitate pooling of their investors’ assets."

Historically, fund managers faced challenges when managing investors’ assets separately across multiple trading accounts. Binance’s Fund Accounts introduce a more streamlined, plug-and-play account infrastructure similar to that found in traditional finance. This feature enables managers to consolidate externally raised funds into one or more omnibus Fund Accounts aligned with specific trading strategies.

According to Catherine Chen, Head of Binance VIP and Institutional, this development addresses the need for efficient and scalable solutions that allow fund managers to focus on strategy execution and effective capital deployment rather than getting bogged down in administrative overhead.

PancakeSwap Achieves Unprecedented Trading Volumes

PancakeSwap, a multi-chain decentralized exchange (DEX), has reported a record-breaking trading volume of $205.3 billion in the first quarter of 2025. This figure marks the platform’s best quarter since its inception in 2020, showcasing a significant increase in trading activity.

The latest statistics reveal that the number of unique traders reached 5.83 million during this period, a stark rise from 3.2 million in the same quarter the previous year. In addition, transaction counts surged from 44.1 million in Q1 2023 to 114.4 million in Q1 2025, representing a remarkable 159% increase.

PancakeSwap’s growth is attributed to its evolution from a basic automated market maker (AMM) on the BNB Chain into a comprehensive DeFi ecosystem, now operating on multiple chains. The exchange is currently gearing up for the release of PancakeSwap Infinity, building on its momentum in the market.

HTX Launches TRX ETF-Themed Promotions with Generous Prizes

The crypto exchange HTX has kicked off a promotional campaign named the "TRX Trading Carnival," running from April 24 to May 4. This initiative features a prize pool of 150,000 USDT, aimed at traders engaging in the trading of TRON (TRX) and other specified cryptocurrencies.

The campaign coincides with an S-1 filing by Canary Capital with the U.S. Securities and Exchange Commission (SEC), which proposes a Canary Staked TRX. During the promotion, new users signing up on HTX will receive TRX incentives, along with additional bonuses for engaging in spot trading. Moreover, traders who have been inactive for over 30 days will also have a chance to win top prizes in a lucky draw by resuming their trading activities.

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End of Digest

This article serves as a round-up of significant moves in the crypto market today, highlighting key developments from major players and the overall market sentiment.

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