Gate Daily Report (April 28): The White House hints at a “major announcement” regarding its strategic Bitcoin reserves; Israel approves a Shekel-pegged stablecoin

Bitcoin (BTC) has pulled back from its week-start high, and as of April 28 it was temporarily around $77,290. The White House’s crypto advisor hinted that over the next few weeks there will be a “major announcement” regarding the release of President Trump’s strategic Bitcoin reserve. The BILS stablecoin issued by the Israeli exchange Bits of Gold has been approved after a two-year pilot program on the Solana blockchain.

Macro Events & Crypto Hot Topics

1. As lawmakers work to codify President Donald Trump’s strategic Bitcoin reserve into law, the White House’s chief crypto adviser, Patrick Witt, has previewed that over the next few weeks there will be a “major announcement” regarding the next steps for that reserve. On Monday, at the Bitcoin 2026 conference held in Las Vegas, the executive director of the President’s Council on Digital Assets said at a panel discussion that he and some others have been working on Trump’s strategic Bitcoin reserve.

“President Trump signed an executive order on the strategic Bitcoin reserve last year, and we’ve been working to figure out what necessary steps and legal interpretations we need to take to ensure it is implemented correctly and then strengthen it, thereby protecting digital assets—especially the Bitcoin on our government balance sheet,” Witt said. In 2025, President Trump signed an executive order establishing a strategic Bitcoin reserve and a separate digital asset reserve; the funding for these two reserves comes primarily from assets obtained by the government through criminal or civil forfeiture.

2. Israel’s capital markets, insurance, and savings management authority has approved the launch of a shekel-pegged stablecoin by the virtual exchange Bits of Gold. Israeli regulators announced on Monday that after a two-year BILS stablecoin pilot project on the Solana blockchain, they have approved the issuance of the stablecoin.

According to the announcement, the stablecoin’s reserve assets will be held in Israel in “designated segregated accounts.” The project is part of broader measures taken by Israel’s Tax Authority and the Ministry of Finance to regulate the crypto industry, including allowing certain stablecoin activities. “BILS bridges directly between the Israeli shekel and the global digital asset economy, enabling instant payments, on-chain transactions, and programmable financial applications based on a regulated local currency,” said Youval Rouach, founder and CEO of Bits of Gold.

News Highlights

1. OpenAI may be building a phone that uses AI agents to replace apps

2. Compound’s new proposal suggests contributing up to 3,000 ETH to DeFi United

3. Analysis: Bitcoin’s rise comes with shrinking trading volume, making this rally vulnerable to macro shocks

4. Solana developer outlines plans to protect the network from quantum threats

5. U.S. acting Attorney General: Developers who don’t assist crimes won’t be prosecuted

6. Bitmine re-stakes 113,800 ETH; total staked value increases to $8.76 billion

7. TD Cowen: Senator Tillis adds the “latest obstacle” to a crypto bill, pushing for the inclusion of moral clauses

8. DeFi United’s rescue action has raised over 132,000 ETH, worth more than $300 million

9. U.S. Representative Begich plans to rename and restart the Bitcoin strategic reserve bill, making Trump’s executive order into law

Market Trend Overview

1. Latest on Bitcoin: $BTC has pulled back from its week-start high and is temporarily around $77,290. In the past 24 hours, $120 million was liquidated, with long positions being the main drivers;

2. U.S. stock market’s four major indices saw mixed moves on April 27. The S&P 500 and Nasdaq rose slightly in thin trading, still hitting record highs, but the Dow slipped, and the Philadelphia Semiconductor Index fell 1%, ending a prior streak of 18 consecutive days of gains. With companies set to release earnings frequently this week, the Federal Reserve decision-making meeting, and fluctuations in the situation in the Middle East, investors are temporarily on the sidelines. The Dow Jones Industrial Average closed down 62.67 points, a decline of 0.13%, at 49,168.04; the S&P 500 rose 8.85 points, up 0.12%, at 7,173.93; the Nasdaq rose 50.50 points, up 0.20%, at 24,887.10.

(Source: Gate)

3. In the Gate BTC/USDT liquidation map, based on the current 77,398 USDT, if it falls to around $76,897, the total liquidation amount for long positions will exceed $658 million; if it rises to around $78,441, the total liquidation amount for short positions will exceed $692 million. The short-side liquidation amount is higher than the long-side’s; it is recommended to reasonably control leverage ratios to avoid triggering large-scale liquidations when market conditions change.

(Source: Coinglass)

4. In the past 24 hours, BTC spot inflows were $2.28 billion, outflows were $2.4 billion, resulting in net outflows of $120 million.

(Source: Coinglass)

5. In the past 24 hours, net outflows led in contracts including $DOGE, $GIGGLE, $DAM, $ZBT, $ORCA , etc., creating trading opportunities.

Selected Views from X KOLs

Phyrex Ni (@Phyrex_Ni): “The thing I was tangled up about for several days finally clicked. After recently surpassing $BTC $75,000, I can’t buy double-coin pairs starting with 6 in the short term anymore. Long term, there’s still some, but it doesn’t meet my standards. I was really quite bothered about what to do next. In the early morning, it clicked: use a strategy of selling PUT and selling CALL in combination—roughly around $75,000 or lower. That is, sell PUT around an interest rate of about 15%. If I really get filled, then sell CALL around the 15% interest rate.”

“I’m basically focusing on eating the interest, so I don’t need to just hold Bitcoin. The main question is how not to plan things that way—right now I can’t think of any way to eat interest in the short term. Based on what I’ve seen over the past month, my pure PUT-selling returns are 14%. Keep running with $30,000.”

“Even though I’ve already prepared for the possibility that WTI keeps rising, I’ve set a short-term target price around $100, but WTI’s continued rise is indeed annoying, because a rise means the opening of the Strait of Hormuz still can’t be expected. That means the U.S. inflation outlook isn’t optimistic. With high inflation, getting rate cuts in 2026 isn’t easy either. And if this keeps going back and forth, maybe Trump will start acting out again—so it’s still better to end it as soon as possible.”

“Looking back at the Bitcoin data, the turnover rate is still very low. Although it’s already Monday, investors still aren’t showing much reaction. The main reason for the current price movement is still the conflict between the U.S. and Iran and the inflation and recession expectations caused by the Strait of Hormuz. If this doesn’t end completely, it may be $BTC hard to enter the next phase. And there isn’t much time left for Trump.”

“Whether it’s the Fed or monetary policy, or tariffs and midterm elections—Trump also has to deal with Russia and Ukraine, and also has to go to China, and there’s Cuba along the way. I believe Trump’s worries haven’t ended yet.”

Outlook for Today

1. Japan overnight unsecured call rate; prior value was 0.75%

2. U.S. April Conference Board consumer confidence index; prior value was 91.8

3. Japan’s central bank governor Kazuo Ueda holds a press conference on monetary policy