AI Trading Bots, $21B Bitcoin Move, Boop Launchpad, and Kraken's Q1 Surge

Happy Friday, People!

Welcome to the Token Metrics Daily Newsletter, where we dive into the latest developments shaping the blockchain and cryptocurrency ecosystem.

Here’s what you need to know. Let’s explore! 

The total crypto market cap was close to its all-time high of $3.8T at the beginning of this year. And on 19th January, just a day before the change of government in the U.S., the market indicator signaled a bearish signal, and the total crypto market cap dropped to $2.5T by April 9th, and more than $1.3T value was lost within 90 days.

So, Token Metrics not only helps you get in at the right time with bullish signals, but also helps you book profits early using bearish signals. 

In Today’s Edition

1. Token Metrics Unveils $TMAI API and SDK at ETH Bucharest Hackathon

2. MicroStrategy and Metaplanet Bolster Bitcoin Holdings

3. Boop Launchpad & Airdrop on Solana

4. Kraken’s Robust Q1 2025 Performance

1. Token Metrics Unveils $TMAI API & SDK at ETH Bucharest Hackathon

Token Metrics is going beyond crypto analytics, and we have launched the TMAI API and SDK, which are tools for developers and traders to build AI-driven agents, dApps, and other applications. Watch the following talk presented at ETH Bucharest by the founder and CEO, Ian Balina, on Token Metrics’ X (Twitter) or YouTube accounts. 

2. MicroStrategy and Metaplanet Bolster Bitcoin Holdings

Two companies made headlines this week with bold moves to increase their Bitcoin (BTC) holdings, signaling strong corporate confidence in the cryptocurrency’s long-term value.

MicroStrategy, a business intelligence firm known for its aggressive Bitcoin strategy, announced a $21B at-the-market common stock equity offering to acquire more BTC. This follows a challenging Q1 2025, where the company reported: A $4.2B loss, primarily due to a $5.9B writedown on its Bitcoin holdings amid the price decline this year. A slight 3.6% drop in software revenue to $111.1M. A 61% increase in subscription services revenue to $37.1M.

Despite these financial hurdles, MicroStrategy’s Bitcoin holdings stand at 553,555 BTC, acquired for $37.9B and currently valued at approximately $53B. The company remains bullish, raising its long-term BTC yield target to 25% (from 15%) and its BTC gain target to $15B (from $10B).

Metaplanet, a Tokyo-based hotel firm, issued 3.6B yen (~$24.8M) in bonds to purchase additional Bitcoin. The bonds are interest-free and will be redeemed by October 31, 2025. They were sold entirely to EVO FUND, with redemption funded by stock acquisition rights exercises.

This marks the 12th round of ordinary bonds issued to support the company's Bitcoin accumulation strategy. Metaplanet recently surpassed 5,000 BTC in its treasury, a significant milestone, and targets 10,000 BTC by the end of this year.

Both companies’ strategies reflect a growing trend of corporate adoption of Bitcoin as a treasury asset. Despite short-term price volatility, their long-term optimism influences other firms to follow suit, potentially stabilizing Bitcoin’s market perception.

3. Boop Launchpad & Airdrop on Solana

Boop is a Solana-based meme coin and token launchpad that was launched yesterday. It aims to align traders, creators, and holders by offering a platform for launching high-quality meme coins, moving away from low-effort projects.

Boop.fun allows users to create meme tokens called ‘cults’, which, upon reaching a 400 SOL ($5M) market cap, graduate to distribute daily $BOOP rewards to creators (10%) and holders (90%). With a 1B token supply, Boop trades at a $262M market cap within days, driven by its gamified ecosystem and Solana’s low-fee infrastructure.

The Boop airdrop allocated 150M $BOOP tokens to X influencers (via KaitoAI rankings) and Solana users. This sparked intense buzz and debate on X, where airdrop receivers must launch a ‘cult’ token to claim the airdrop early. 

4. Kraken’s Robust Q1 2025 Performance

Kraken, a leading cryptocurrency exchange, reported a stellar Q1 2025, with revenue jumping 19% year-over-year to $472M, despite a softening crypto market. The exchange also saw a 29% increase in trading volume and a 26% rise in funded accounts, with $34.9B assets on the platform, reflecting growing user trust and engagement.

Beyond financials, Kraken made strategic moves to solidify its position in the crypto and traditional finance space. The exchange acquired NinjaTrader, a U.S. retail futures trading platform, for $1.5B, marking its entry into the U.S. crypto futures market and advancing its multi-asset vision.

Kraken also partnered with Mastercard to launch physical and digital debit cards, enabling UK and European users to spend crypto at over 150M merchants worldwide. These developments position Kraken as a formidable player bridging crypto and traditional finance in 2025.

Meme of The Day

References 

1. Token Metrics Unveils $TMAI API and SDK at ETH Bucharest Hackathon

2. Build AI Crypto Trading Bots & Agents in 2 Lines — Token Metrics SDK!

3. Strategy Raising Another $21B to Buy Bitcoin

4. Metaplanet Issues $25M in Bonds to Buy More Bitcoin

5. Kraken's Quarterly Revenue Jumps 19% to $472M in Q1

6. TMAI API and SDK

7. Token Metrics’ Market Indicator  

That’s all for today, fam. Happy weekend.

Your Friends at Token Metrics