The blockchain landscape is undergoing rapid transformation, driven by pivotal network events, evolving government policies, and accelerating enterprise adoption. This week marked significant milestones with the halvings of Bitcoin Cash (BCH) and Bitcoin SV (BSV), while global regulatory bodies and national governments continue to shape the digital economy's foundation. From central bank digital currency (CBDC) developments to blockchain-powered infrastructure and financial innovation, the ecosystem is maturing at an unprecedented pace.
Major Blockchain Network Events
BCH Completes First-Ever Halving
On April 8, 2025, Bitcoin Cash (BCH) reached block height 630,000, triggering its first-ever block reward halving. The mining reward decreased from 12.5 BCH to 6.25 BCH per block—a critical moment in its monetary policy. With a consistent 10-minute average block time, this change reduces daily new supply to approximately 900 BCH. This deflationary mechanism reinforces scarcity, potentially influencing long-term price dynamics as demand evolves.
👉 Discover how blockchain halvings impact market trends and investor behavior.
BSV Successfully Halves at Block 630,000
Just two days later, on April 10, Bitcoin SV also hit its predetermined halving milestone at block 630,000. The block reward was cut in half from 12.5 BSV to 6.25 BSV. As a network emphasizing large-scale data storage and enterprise use cases on-chain, this event underscores BSV’s commitment to predictable monetary policy and sustainable mining economics.
These simultaneous halvings across major Bitcoin forks highlight the growing maturity of alternative blockchain networks beyond Bitcoin itself—each reinforcing trustless issuance models and long-term value preservation.
Global Regulatory and Policy Developments
China Advances Digital Economy with Blockchain Integration
In a strategic move to boost technological sovereignty, China has released new guidelines aimed at cultivating digital economy industries. A key focus is the integration of blockchain technology across public services and industrial sectors.
The State Council emphasized creating digital economy new industries, business forms, and models, supporting standardized data utilization in agriculture, transportation, education, urban management, and public resource trading. Additionally, it promotes data collection standardization in AI, wearable devices,车联网 (connected vehicles), and IoT through industry associations.
Cities like Guangzhou are leading implementation. The “Several Measures for Accelerating the Construction of a Leading City for Digital Economy Innovation in Guangzhou” outlines six blockchain-specific initiatives:
- Building a “Blockchain + Government Services” platform for efficient, transparent operations.
- Establishing a blockchain-based government data sharing system.
- Enabling secure electronic medical records and drug traceability.
- Developing a blockchain-focused software industry zone in Huangpu District.
- Strengthening cybersecurity infrastructure powered by blockchain.
- Integrating blockchain into tourism, retail, healthcare, and mobility ecosystems.
Beijing has similarly launched media projects based on blockchain and big data, reinforcing national-level digital transformation strategies.
International Regulators Respond to Crypto Evolution
Regulatory scrutiny continues globally as governments assess risks and opportunities:
- European Parliament: A recent study calls for expanded legal definitions covering crypto assets and related entities. It stresses clearer investor warnings about high volatility and advocates updating anti-money laundering (AML) frameworks to reflect current market realities.
- France’s AMF: The French financial regulator expressed concerns over stablecoin adoption, warning it may impose bans if systemic risks emerge. It believes accurate classification of digital assets remains premature but essential.
- UK’s Bank of England: While stating Bitcoin does not qualify as “money,” BoE analysts acknowledge the underlying technology can be refined to meet monetary standards. They are actively researching crypto’s impact on future payment systems.
Meanwhile, Taiwan’s Financial Supervisory Commission approved 11 insurers to pilot blockchain networks for policy issuance and modifications—boosting efficiency and reducing long-term costs.
Enterprise Adoption and Infrastructure Expansion
Salesforce Integrates Lition’s Hybrid Blockchain
Enterprise software giant Salesforce has integrated Lition’s public-private hybrid blockchain into its CRM architecture. This collaboration enhances data decentralization and long-term security, allowing enterprises to maintain control over sensitive customer information while leveraging immutable audit trails.
Logistics Giant Partners on Blockchain Supply Chain
YTO Express (Circle One) partnered with Conflux’s industrial blockchain team to establish a Logistics Blockchain Joint Laboratory. By combining blockchain, AI, big data, and IoT, they aim to digitize supply chains across e-commerce, logistics, finance, and smart manufacturing—improving transparency and operational efficiency.
👉 See how leading companies are transforming industries with blockchain integration.
Blockchain Powers Charging Infrastructure
Liao Wang Zhi Ku, affiliated with Xinhua News Agency, published insights on how blockchain empowers EV charging stations under China’s新基建 (New Infrastructure) initiative. A distributed digital identity platform links drivers, vehicles, and chargers, creating a unified credit system that streamlines payments and improves utilization rates—effectively multiplying the impact of physical infrastructure investment.
Innovation in Public Health and Identity
South African University Builds Blockchain-Based Virus Tracker
Researchers at the University of Cape Town are developing Covi-ID, a blockchain-powered app that verifies users’ COVID-19 status securely. Scheduled for release in April 2025, it aims to improve contact tracing while rewarding responsible behavior during health crises—all without compromising privacy.
Poland Uses BSV for Food Supply Chain Integrity
Poland’s National Centre for Agricultural Support (KOWR) is collaborating with nChain to implement BSV blockchain in its Food Passport project. This ensures tamper-proof data flow across agricultural supply chains, enhancing food safety and traceability.
Cryptocurrency Market Dynamics
Bitcoin Whale Activity Surges
According to Glassnode data, the number of addresses holding at least 1,000 BTC has reached approximately 1,838—a level last seen during the 2017 bull run. Notably, this resurgence occurs despite lower price levels, suggesting growing confidence among long-term holders even amid market volatility.
Miner Sentiment Remains Strong Despite Challenges
Major mining firms report that operations remain largely unaffected by global disruptions. While supply chain delays impacted hardware delivery, most companies adapted quickly—some shifting entirely to remote management. Argo Blockchain confirmed full operational continuity online.
However, declining demand for new miners ahead of the May 2025 Bitcoin halving reflects caution due to expected revenue cuts. Experts attribute this not to operational issues but to economic anticipation.
Institutional Moves: Stablecoin Fees and Hardware Breakthroughs
MakerDAO Foundation proposed three key governance votes:
- Increase USDC stability fee from 12% to 16%
- Raise Sai stability fee from 8% to 8.5%
- Boost Dai savings rate from 0.5% to 1%
Additionally, SMIC (Semiconductor Manufacturing International Corporation)—China’s largest chipmaker—is set to mass-produce 14nm cryptocurrency mining chips in Q2 2025 through a partnership with Canaan Creative. This marks SMIC’s first confirmed entry into commercial mining hardware production.
Frequently Asked Questions (FAQ)
Q: What is the significance of BCH and BSV halvings?
A: Halvings reduce block rewards by 50%, decreasing new coin supply. This scarcity mechanism often influences market sentiment and long-term price trends by aligning with deflationary economic models.
Q: How does blockchain support digital government services?
A: Blockchain enables secure, transparent data sharing across departments. Use cases include identity verification, medical records management, anti-fraud systems, and streamlined administrative processes—all resistant to tampering.
Q: Are central banks adopting blockchain technology?
A: Yes. While CBDCs may not always run on public blockchains, many central banks—including China’s PBOC—are using distributed ledger technology (DLT) principles for development. The PBOC confirmed its digital currency is progressing as planned.
Q: Why are enterprises integrating blockchain now?
A: Companies seek enhanced security, auditability, and efficiency. Blockchain reduces reconciliation needs, prevents data fraud, and enables trusted automation—especially valuable in finance, logistics, and customer relationship management.
Q: Is mining still profitable before the Bitcoin halving?
A: Profitability varies by region and energy cost. Some miners are cautious due to anticipated revenue drops post-halving, but optimized operations and low-cost power sources keep many profitable even in transitional phases.
Q: Can individuals mine cryptocurrencies on mobile devices?
A: HTC’s EXODUS 1S allows users to mine Monero (XMR) via a partnership with Midas Labs. However, mobile mining is limited in scale compared to ASIC rigs but serves educational and micro-mining purposes.
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