The Blockchain Bulletin April 30: Bitcoin Eyes $96K Amid Bullish Surge
Hey folks! Welcome to the latest edition of the Blockchain Bulletin, where we unravel the significant developments that took place in the crypto space over the last 24 hours. Bitcoin has moved back to the limelight by slowly waltzing up to a formidable resistance level near $96,000.
The BTC/USDT pair has been climbing the charts with undeniable bullish momentum, brushing against highs of $95,865.90 and currently hovering at the $94,800 mark. All eyes are fixed on the critical resistance at $95,800, which, if broken, could open the floodgates to a rally, pushing BTC beyond $96,000.
Adding fuel to this optimism is the Bitcoin Bull Score Index—a sentiment gauge from CryptoQuant—which has surged to 60. Historically, scores above 60 have often preceded aggressive price upswings, echoing patterns from the 2021 bull run and the rally in early 2025.
Meanwhile, Ethereum charts signal a breakout amid ongoing liquidations. According to analyst Martinez, the token is already knocking key resistance at $1,950. As of the past day, ETH was trading adjacent to the area of $1,807 after bouncing off support at around $1,550, with Martinez’s SuperTrend chart indicating that a daily close above $1,950 could trigger the super bullish move towards a near-term target of between $2,300 and $2,700.
On the institutional side, Mastercard launched a stablecoin-based payment system by partnering with OKX, Nuvei, and Circle. The initiative supports cross-border transfers, merchant settlements, wallet enablement, and even stablecoin card issuance—essentially offering stablecoins the same utility as fiat currency. According to the press release, this 360-degree integration aims to utilize digital assets like traditional money in over 150 million locations globally, with a strong focus on user experience and interoperability.
Adding to the development of stablecoins, the UAE has launched a stablecoin backed by the Dirham. The sovereign wealth fund ADQ, conglomerate IHC, and First Abu Dhabi Bank (FAB) have jointly announced the initiative.
Awaiting final approval by the UAE Central Bank, FAB will issue the stablecoin, which is expected to function seamlessly across traditional and blockchain environments using the ADI blockchain—a proprietary infrastructure developed by the ADI Foundation. The move marks a significant milestone in the Emirates’ ambition to anchor digital trust and financial inclusion across its rapidly growing digital economy.
On the other hand, Circle received In-Principle Approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market. This new welcome step propels Circle closer towards securing full authorization for operating its USDC-based services in that region and strengthens its growing legal footprint across the Middle East.
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In a dramatic twist, the FTX, the now-defunct exchange, had filed lawsuits against issuers to recover undelivered tokens. FTX Trading Ltd. and the FTX Recovery Trust filed lawsuits in Delaware’s U.S. Bankruptcy Court against NFT Stars Limited and KUROSEMI INC. (aka Delysium).
The firm accused the duo of failing to deliver tokens owed under SAFT (Simple Agreements for Future Tokens) agreements signed by Alameda Ventures, a now-defunct arm of Alameda Research. FTX alleges repeated attempts to resolve the dispute amicably failed, prompting legal action to enforce token delivery and pursue damages for breach of contract, along with sanctions under U.S. bankruptcy law.
Overall, the market developments over the past day highlight a dynamic shift in crypto adoption and investor sentiment. As legacy firms and nations deepen blockchain ties, the stage is set for a potentially developing phase in the crypto market.
