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Here are the top crypto stories of the week …👇💡

Bitcoin Climbs Amid Rally in Risk-On Assets 🐂

• Bitcoin surged over 4% in the past 24 hours, trading above $84,000, as risk-on assets rallied following the U.S. government's move to avert a shutdown, despite recession concerns.

• Senate Minority Leader Chuck Schumer's support for a funding measure helped stabilize markets, which were previously unsettled by potential stagflation and trade war fears.

• Major equity indexes, including the Nasdaq and S&P 500, closed higher, while gold briefly surpassed $3,000 before dropping back. BlackRock's $25 million Bitcoin purchase highlighted continued institutional interest, though volatility remains a concern.

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Trump-backed World Liberty Financial Concludes $550 Million Public Token Sale 🦅

• World Liberty Financial, a DeFi project backed by Donald Trump, concluded a public token sale, raising $550 million by selling 25% of its 100 billion WLFI tokens.

• The project has raised a total of $590 million, including private rounds, with plans to sell 63% of the total token supply to the public.

• Initial public sale launched in October 2024, selling 20 billion tokens at $0.015 each, followed by an additional sale of 5 billion tokens at $0.05 each, completed recently.

• Interest in WLFI tokens surged after the launch of Trump and Melania Trump's memecoins, despite initial underwhelming demand.

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AI's Lead Over Crypto for VC Dollars Increased in Q1'25 🤑

• In Q1 2025, AI venture funding in the U.S. reached nearly $20 billion, significantly outpacing the $861 million raised by crypto ventures.

• Major AI deals included Databricks' $15.3 billion round and Anthropic's $2 billion raise, while the largest crypto deal was a $2 billion investment in Binance by Abu Dhabi's MGX.

• Historical data shows a consistent preference for AI over crypto in venture capital funding, with AI funding growing from $670 million in 2011 to $36 billion in 2020.

• In 2024, AI startups attracted one-third of global VC investment, totaling $131.5 billion, compared to crypto's $4.9 billion.

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Hyperliquid’s Mystery 50x ETH Whale is now Betting on LINK 💸

• A mystery trader known as "ETH 50x Big Guy" has shifted focus from Ethereum (ETH) to Chainlink (LINK), taking long positions worth approximately $31 million with 10x leverage on Hyperliquid and GMX exchanges.

• Previously, the trader's $200 million leveraged ETH position led to a $4 million loss for Hyperliquid's liquidity pool, though the trader profited $1.8 million from the move.

• The trader has reportedly earned nearly $17 million in the past month on Hyperliquid, highlighting the risks and challenges of perpetual trading platforms.

• Chainlink's LINK token, once surging post-2016 US elections, has seen its price decline to under $14, with a current market cap of around $8.7 billion.

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BlackRock’s BUIDL Fund Blows Past $1bn as Tokenised Treasury Sector Hits Record High 🏆

• BlackRock's BUIDL fund, the largest in the tokenised treasury market, has surpassed $1 billion in investments a year after its launch, driven by a $200 million allocation from Ethena Labs.

• The tokenised treasury market has reached a record high of over $4.4 billion, with contributions from firms like Franklin Templeton, Ondo Finance, and Superstate.

• Ethena Labs' stablecoin, USDtb, which is primarily backed by BUIDL, is valued at $542 million, highlighting the growing institutional interest in tokenised assets.

• The sector has seen significant growth since March 2024, quintupling in size, and attracting traditional finance players, as evidenced by Circle's acquisition of Hashnote.

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