Today's Crypto and Bitcoin News

Key Takeaways Macro Environment: Trump renewed pressure on the Fed to cut rates, while dovish remarks from Fed officials boosted risk appetite. U.S. stocks rallied for three consecutive days, with Treasury yields declining sharply. Crypto Market: Regulatory easing continued as the Fed rescinded crypto asset and stablecoin guidance for banks. After two days of heavy Bitcoin ETF inflows, BTC volatility narrowed, ending slightly higher after a intraday V-shaped recovery. Bitcoin dominance declined further, with altcoin sentiment improving—AI Agents sector led gains. Main Asset Changes Index Value % Change S&P 500 5,484.78 +2.03% NASDAQ 17,166.04 +2.74% BTC 93,976.80 +0.31% ETH 1,769.49 -1.43%   Crypto Fear & Greed Index: 60 (63 a day ago), level: Greed Macro Economy Fed’s Harker: June rate cut possible. Fed’s Waller: Would support cuts if Trump’s tariffs trigger unemployment spikes. Trump repeated calls for rate cuts, criticizing Fed delays. WSJ: No softening in Trump’s China tariff stance. Industry Highlights Fed revoked crypto asset & stablecoin guidance for banks. Solana stablecoin market cap hit a record $12.8B. Raydium hinted at a potential airdrop. Metaplanet bought 145 more BTC (total: 5,000 BTC). Tether increased stake in Juventus FC by 10%. Coinbase exec: Sovereign wealth/insurance funds quietly accumulated BTC in April. Project Highlights Hot Tokens: PENGU, ONDO, SUI XRP: CME to launch XRP futures. ONDO: SEC Crypto Task Force meets with Ondo Finance to explore options for compliant issuance of tokenized securities. HNT: Helium (DePIN) signed a deal with AT&T to integrate its community Wi-Fi network. MOVE: Movement launched DeFi Spring, offering 250M MOVE incentives. NEIRO: Secured exclusive IP rights; charity fundraising exceeded $300K. Weekly Outlook Apr 25: SEC’s third crypto roundtable (focus: custody solutions   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

BTC$94,288.80-0.49%

ONDO$1.00889+2.14%

SUI$3.4527-5.06%

Key Takeaways Macro Environment: Ongoing uncertainty around tariff tensions continues to weigh on risk assets. U.S. stocks initially rallied to session highs on media reports suggesting potential tariff easing, but later pared gains after Treasury Secretary Besant stated Trump has not proposed unilateral tariff reductions for any major economy, noting a comprehensive trade deal could take 2-3 years and ruling out unilateral concessions. Crypto Market: Sentiment remains optimistic, with Bitcoin (+0.26%) moving in sync with equities. ETH/BTC rebounded for a second day ahead of Ethereum’s Pectra upgrade (May 7). Bitcoin’s dominance dipped 0.24% as altcoin sentiment improved slightly. Main Asset Changes Index Value % Change S&P 500 5,375.85 +1.67% NASDAQ 16,708.05 +2.50% BTC 93,690.30 +0.26% ETH 1,795.22 +2.21%   Crypto Fear & Greed Index: 63 (72 a day ago), level: Greed Macro Economy WSJ: U.S. may cut tariffs on some Chinese goods by more than half. Treasury Sec. Besant: Trump hasn’t proposed unilateral tariff cuts; comprehensive trade deal may take 2-3 years; no unilateral reductions. Trump plans partial tariff exemptions for automakers. Trump: "Will implement significant tax cuts." Fed Beige Book: Economic activity stable, but uncertainty darkens outlook in several regions. 11 U.S. states sue Trump administration over "illegal" tariff abuse (following California). Industry Highlights SEC Chair Paul Atkins to speak at the next crypto roundtable (April 25). Bloomberg: Details on U.S. strategic Bitcoin reserves may emerge in coming weeks. Ethereum Mainnet: Pectra upgrade scheduled for May 7. U.S. Commerce Secretary’s son partners with SoftBank & Tether to launch a $3B crypto JV, aiming to build a multi-billion-dollar Bitcoin acquisition platform. USDT & USDC market caps hit record highs. Solana Foundation introduces new validator delegation policies to enhance decentralization. Project Highlights Hot Tokens: TRUMP, SUI TRUMP: Trump to host "TRUMP DINNER" for token holders on May 22 in D.C. SUI: 21Shares files for SUI ETF in Delaware. SEI: Canary registers stakeable SEI ETF. MASK: DWF Labs invests $5M in MASK to accelerate decentralized social infrastructure. Weekly Outlook Apr 24: Binance Launchpool lists Initia (INIT); Google earnings. Apr 25: SEC’s third crypto roundtable (focus: custody).   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Key Takeaways Trump made a major shift in stance, stating he has no intention to fire Powell, easing market concerns about the Fed's independence. Optimism around tariff negotiations and easing geopolitical tensions further boosted market sentiment. U.S. stocks rebounded sharply, with all three major indices gaining over 2.5%, while gold plunged. In the crypto market, Paul Atkins officially replaced Gary Gensler as SEC Chairman, fueling optimism for crypto policy guidance. Bitcoin broke through the $93,000 resistance level, surging 6.77%. Bitcoin's dominance rose 0.18%, while altcoins underperformed Bitcoin, indicating sentiment remains fragile. Main Asset Changes Index Value % Change S&P 500 5,287.77 +2.51% NASDAQ 16,300.42 +2.71% BTC 93,443.60 +6.77% ETH 1,756.41 +11.20%   Crypto Fear & Greed Index: 72 (47 a day ago), level: Greed Macro Economy Trump: No intention to fire Powell, but urges the Fed to cut rates. Trump: Tariffs on China won’t be as high as 145%—they will drop significantly but not to zero. Trump: Will announce a Russia-Ukraine peace plan within three days. U.S. to propose recognizing Crimea as Russian territory, freezing frontlines, and lifting sanctions on Russia. Putin suggests a ceasefire along current frontlines, first signaling willingness to abandon maximalist military demands. Industry Highlights aul Atkins officially replaces Gary Gensler as SEC Chairman. Trump: "The crypto industry urgently needs clear regulations; the SEC Chair is the best person to ensure regulatory certainty." Unicoin refuses SEC settlement, will fight charges in court. Trump Media & Technology Group, Crypto.com, and Yorkville America Digital finalize ETF issuance agreement. Trump Media plans to launch a series of ETFs under the Truth.Fi brand this year, including digital asset products. Unichain TVL surpasses $300 million. Metaplanet CEO: Still committed to holding 10,000 BTC by year-end. WazirX exchange expects to relaunch in May, pending Singapore court approval. ING collaborates with institutions to develop a new stablecoin. Project Highlights Hot Tokens: ETH, SOL, POPCAT, DEEP AI Agent sector rebounds over 20%, with ZEREBRO, ARC, AI16Z, AIXBT, GOAT, VIRTUAL broadly rising. Binance Alpha sector rallies, led by DARK, RFC, ALCH, TROLL. DEEP: Over 60% of trading volume comes from South Korea; Korean capital drives gains, boosted by Binance listing futures. CHZ: Chiliz meets with SEC’s crypto working group to discuss plans for re-entering the U.S. market. Weekly Outlook April 23: U.S., Eurozone, and U.K. to release preliminary April manufacturing and services PMIs; 2026 FOMC voter and Minneapolis Fed President Kashkari speaks; Google enforces MiCA crypto ad rules in the EU. April 24: Fed releases the Beige Book; Binance Launchpool lists Initia (INIT); Google earnings. April 25: SEC holds its third crypto policy roundtable, focusing on custody issues.   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Key Takeaways Trump once again called for the Fed to cut interest rates, intensifying concerns about a crisis in the Fed's independence and the risk of stagflation in the U.S. economy. U.S. assets experienced a simultaneous decline in stocks, bonds, and currency, while safe-haven assets like gold and the Swiss franc rose. Bitcoin's role as a hedge amid the crisis of trust in centralized finance was evident, briefly surpassing $88,000 and closing up 2.73%, decoupling from the stock market. Bitcoin's dominance reached 64.45%, up 0.92% month-on-month, while altcoins underperformed Bitcoin overall. Main Asset Changes Index Value % Change S&P 500 5,158.19 -2.36% NASDAQ 15,870.90 -2.55% BTC 87,518.50 +2.73% ETH 1,579.51 -0.50%   Crypto Fear & Greed Index: 47 (39 a day ago), level: Neutral Macro Economy Trump again urges Fed Chair Powell to cut interest rates. Poll: Trump's approval rating hits the lowest level since the start of his new term. Fed's Goolsbee: The Fed's independence is crucial. Bank of Japan reportedly sees little need to change its basic rate hike stance. Industry Highlights Paul S. Atkins officially assumes role as SEC Chairman. Bank of Korea to actively participate in drafting stablecoin regulations. Singapore Exchange plans to launch Bitcoin perpetual futures in the second half of 2025. Ethereum Foundation shifts strategic focus to short-term scaling goals. Circle to launch a new payment and cross-border remittance network. Circle and BitGo plan to apply for banking licenses soon. Initia Tokenomics: INIT total supply of 1 billion, 5% allocated to airdrops. Crypto trading and investment firm GSR leads a $100M private placement in U.S.-listed company Upexi. Upexi has committed to a Solana treasury strategy, including accumulating and staking Solana. Consensys, Solana, and Uniswap CEOs have all donated to Trump's inauguration fund. USDC supply nears $61 billion, up 38.6% year-to-date. Project Highlights Hot Tokens: BTC, DOGE, FET PAXG/XAUT: The Fed's independence crisis drives gold to new highs, boosting interest in tokenized gold PAXG and XAUT. LUCE: Short-term surge of 70% following the death of Pope Francis. PUFFER: Puffer Finance introduces institutional staking and restaking solutions. OM: Mantra burns 150 million OM tokens allocated to the team. Weekly Outlook April 22: 2026 FOMC voter and Philadelphia Fed President Harker speaks at the Economic Mobility Summit; Tesla earnings. April 23: U.S., Eurozone, and U.K. to release preliminary April manufacturing and services PMIs; 2026 FOMC voter and Minneapolis Fed President Kashkari speaks; Google to enforce MiCA crypto ad rules in the EU starting April 23. April 24: Fed releases the Beige Book; Binance Launchpool lists Initia (INIT); Google earnings. April 25: SEC to hold its third crypto policy roundtable, focusing on custody issues.   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Key Takeaways Fed Chair Powell's remarks hinted at stagflation risks while dampening expectations for Fed market intervention. Safe-haven gold extended its rally to new highs, while US equities accelerated declines post-Powell. Bitcoin mirrored US stock movements during trading hours, erasing pre-market gains to close marginally higher. Bitcoin dominance surpassed 64%, with altcoins remaining sluggish. Main Asset Changes Index Value % Change S&P 500 5,275.71 -2.24% NASDAQ 16,307.16 -3.07% BTC 84,029.00 +0.46% ETH 1,576.85 -0.74%   Crypto Fear & Greed Index: 30 (29, 24hrs ago) - Fear Macro Economy Powell: Q1 2025 US growth may slow YoY; tariff inflation could persist longer; Fed stands ready to provide dollar liquidity but warns against expecting volatility suppression US March retail sales: +1.4% MoM (largest gain since Jan 2023), vs 1.3% est. Spot gold breaks $3,350 barrier (new ATH) WTO: Global economy could contract 1.5% in 2025 if US tariffs escalate Atlanta Fed GDPNow forecasts Q1 GDP at -2.2% Industry Highlights Oklahoma Senate committee rejects Bitcoin reserve proposal Panama City to accept crypto for tax/municipal payments US judge stays 18-state lawsuit against SEC crypto rules Powell: Crypto gaining mainstream traction; stablecoin legal frameworks "a good idea" Raydium launches token launchpad "Launch Lab" SEC/Ripple joint motion to stay appeals grante Metaplanet issues $10M zero-coupon bonds for additional Bitcoin purchases Gauntlet Announces Launch of Liquidity Incentive Campaign for Unichain, Distributes $5 Million in UNI Rewards to 12 Different Liquidity Pools Unichain TVL Soars to $71 Million Driven by Liquidity Incentive Project Highlights Trending Tokens: FARTCOIN,RAY,GAS RAY: Raydium's Launch Lab directly competes with Pumpfun WCT: Lists on Upbit/Bithumb trigger 100% price surge; short funding rates hit floor ENA: Germany's BaFin orders halt to USDe operations Weekly Outlook Apr 17: DBR unlock (63.24% circ., ~26.5M);OMNI unlock (42.89% circ,~16.3M); Apr 18: US market holiday; TRUMP unlock (342M);MELANIA unlock(13.2M) Apr 19: ZKJ unlock (25.72% circ., ~$35.25M)   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Key Takeaways US-EU trade negotiations reached an impasse, with the EU anticipating the US will maintain its tariff policies. Unresolved tariff risks weighed on US equities, leading all three major indices to close lower after volatile trading. Bitcoin maintained strong correlation with US stocks - after testing the $86,400 resistance level in pre-market, it mirrored the equity decline to close down 1.12%. Main Asset Changes Index Value % Change S&P 500 5,396.62 -0.17% NASDAQ 16,823.17 -0.05% BTC 83,642.80 -1.12% ETH 1,588.66 -2.17%   Crypto Fear & Greed Index: 29 (38, 24hrs ago) - Fear Macro Economy Trump: Tariff suspension reflects transitional flexibility needs Minimal progress in EU-US talks; EU expects US tariff policies to remain Canada grants 6-month temporary tariff exemptions for US manufacturing imports Industry Highlights SEC concludes multi-year review of Coinbase financial disclosures without requiring revisions Tokyo-listed Value Creation purchases additional ¥100M in Bitcoin Semler Scientific files with SEC to raise $500M for Bitcoin acquisitions Brazil's Meliuz proposes expanding Bitcoin reserve strategy Solana-based Solayer launches non-custodial crypto debit card SEC closes investigation into CyberKongz NFT project Project Highlights Trending Tokens: OM, GAS, GHIBLI OM: Mantra CEO proposes token burn to restore investor confidence; price rebounds WCT: New listing underperforms with ~$300M FDV GAS/SNT/ARDR/AERGO: Korean trading volume exceeds 70% for top gainers Weekly Outlook Apr 16: US retail sales; Powell speech; Binance delists 14 tokens Apr 17: DBR unlock (63.24% circ., ~26.5M);OMNI unlock (42.89% circ,~16.3M); Apr 18: US market holiday; TRUMP unlock (342M);MELANIA unlock(13.2M) Apr 19: ZKJ unlock (25.72% circ., ~$35.25M)   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Key Takeaways A quiet day from Trump brought modest relief to markets, with U.S. stocks rebounding slightly. However, lingering tariff concerns and renewed sector-specific uncertainties capped the rally. STRATEGY continued accumulating Bitcoin at an average cost of $82,618, while BTC edged up 1%. Main Asset Changes Index Value % Change S&P 500 5,405.96 +0.79% NASDAQ 18,796.02 +0.57% BTC 84,590.80 +1.00% ETH 1,623.85 +1.63%   Crypto Fear & Greed Index: 38 (31, 24hrs ago) - Fear Macro Economy Trump: Semiconductor tariff rates to be announced within a week EU suspends retaliatory tariffs on U.S. goods until July 14 NY Fed 1-year inflation expectation (Mar): 3.58% (est. 3.26%, prev. 3.13%) Fed Governor Waller: Trump tariffs' inflation impact may be "transitory"; favors earlier/larger rate cuts if significant slowdown occurs Legal group challenges Trump tariff legality in new lawsuit Industry Highlights Kyrgyzstan appoints CZ as National Blockchain & Web3 Strategy Advisor U.S. DHS investigating Anchorage Digital Bank South Korea blocks 14 unregistered crypto exchange apps including KuCoin and MEXC STRATEGY purchased 3,459 BTC ($82,618 avg) between Apr 7-13 SEC delays decision on Grayscale Ethereum ETF staking feature SEC postpones WisdomTree/VanEck spot Bitcoin/ETH ETF in-kind creation rulings to Jun 3 Metaplanet adds 319 BTC (total 4,525), becoming 9th-largest public BTC holder Google to implement MiCA-compliant crypto ad rules in Europe from Apr 23 Kraken launches U.S. stock/ETF trading OpenSea to support Solana NFT trading Project Highlights Trending Tokens: FARTCOIN, PVS, GHIBLI Solana weekly transaction volume up 32%; meme coins (FARTCOIN, GHIBLI, RFC) gaining traction PVS: Solana-based distributed rendering platform launched via pumpfun (~$10M market cap) TIA: Celestia launches high-performance testnet "mamo-1" Weekly Outlook Apr 15: NY Fed Manufacturing Index; EU may pause US tariff counters for 90 days; Shardeum mainnet; WalletConnect WCT token Apr 16: US retail sales; Powell speech; Binance delists 14 voted tokens Apr 17: DBR unlock (63.24% circ. supply, ~26.5M) Apr 18: US market holiday; TRUMP unlock (342M);MELANIA unlock(13.1M) Apr 19: ZKJ unlock (25.72% circ. supply, ~$35.25M)   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Key Takeaways Market Environment: The University of Michigan survey of U.S. consumer confidence is less than expected, inflation expectations soared, market sentiment is more pessimistic. Then the Federal Reserve hinted at a bailout and the United States and some of the electronics tariffs to boost market sentiment, U.S. stocks turned up, bitcoin topped $ 86,000. However, the weekend tariffs added variables, semiconductor, pharmaceuticals and other industries tariffs will soon be introduced, electronic tariffs or only a temporary exemption. Risk assets face a new round of uncertainty, bitcoin fell below $84,000, U.S. stock futures turn lower after positive open. Market Spotlight: RWA public chain MANTRA sparked a market buzz after a 1-hour flash crash of over 90% and liquidation of over $67 million in 12 hours. The project was exposed for price manipulation by market makers, changing the token economy and delaying promised community airdrops. Main Asset Changes Index Value % Change S&P 500 5,363.35 +1.81% NASDAQ 18,690.05 +1.89% BTC 83,756.80 +0.81% ETH 1,597.90 -2.81%   Crypto Fear & Greed Index: 31 (45, 24hrs ago) - Fear Macro Economy US March PPI: +2.7% YoY (below previous/forecast) US April 1-year inflation expectation: 6.7% (prev. 5%, est. 5.1%) Michigan Consumer Sentiment (Apr prelim): 50.8 (below prev/est) Fed's Collins: The Fed is "absolutely" prepared to stabilize markets if needed US Commerce Sec: Electronics tariffs coming soon, pharma tariffs within 1-2 months US granted temporary exemptions for smartphones, PCs, chips; may be provisional White House: Trump expressed willingness to reach agreement with China Industry Highlights South Korea postponed Credit Information Act for crypto firms to Dec 2025 Pakistan introduced first compliant virtual asset framework SEC considering regulatory sandbox for tokenized securities trading pilots SEC & Binance jointly requested 60-day litigation extension SEC & Ripple filed preliminary settlement, seeking stay of appeals World Liberty Financial denied ETH sell-off claims as "completely false" McDonald's rejected Bitcoin purchase proposal for May shareholder meeting Argentina's lifted currency controls boosted stablecoin trading volume Ethereum DEX daily unique traders hit 12-month low Michael Saylor's Bitcoin tracker update hints at potential accumulation Project Highlights Trending Tokens: OM, RFC OM: RWA blockchain crashed >90% after >4.5% circulating supply was dumped. Faced year-long issues including market manipulation and broken airdrop promises. RFC: Musk-themed meme coin briefly hit $100M market cap (ATH) ENA: Ethena Labs introduced weekly USDe reserve proofs ONDO: Copper to custody Ondo's tokenized treasury products (OUSG/USDY) Weekly Outlook Apr 14: Trump's semiconductor tariff details; NY Fed 1-year inflation exp; KERNEL launch Apr 15: NY Fed Manufacturing Index; EU may pause US tariff counters for 90 days; Shardeum mainnet; WalletConnect WCT token Apr 16: US retail sales; Powell speech; Binance delists 14 voted tokens Apr 17: DBR unlock (63.24% circ. supply, ~26.5M);OMNIunlock(42.8926.5M) Apr 18: US market holiday; TRUMP unlock (342M);MELANIA unlock(13.1M) Apr 19: ZKJ unlock (25.72% circ. supply, ~$35.25M)   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

The global crypto market cap eased 0.90% to $2.57 trillion as 24‑hour volume plunged 38.54% to $103.17 billion, with stablecoins accounting for 95.77% of trading. Amid regulatory shifts—Trump’s repeal of the IRS DeFi broker rule and Paul Atkins’s SEC confirmation—Bitcoin on‑chain metrics and institutional staking developments are setting the stage for potential price rallies.   Quick Take Crypto cap $2.57 T (−0.90%); 24 h volume $103.17 B (−38.54%); DeFi share 8.36%, stablecoins 95.77%. Trump signs IRS DeFi broker repeal; SEC drops Helium suit; Paul Atkins confirmed SEC Chair. Long‑term holders added 363 000 BTC since February; whales maintain near‑peak accumulation scores. HashKey gains HK approval for ETH staking on spot ETFs; tokenized gold cap nears $2 B amid safe‑haven flows. Analysts forecast Bitcoin to test $100 000 by year‑end, with potential upside to $250 000 by 2026 on renewed institutional inflows. Crypto Market Cap Declines to $2.57 T as Trading Activity Contracts Sharply Crypto Fear & Greed Index | Source: Alternative.me   Over the past 24 hours, the total crypto market capitalization fell by 0.90% to $2.57 trillion, while trading volumes slumped 38.54% to $103.17 billion. DeFi protocols contributed $8.63 billion (8.36% of volume), but stablecoins dominated liquidity with $98.81 billion (95.77%). Bitcoin’s dominance dipped slightly to 62.41%, and the Fear & Greed Index plunged from 39 (“Fear”) to 25 (“Extreme Fear”), underscoring prevailing risk aversion among investors.   Trump Repeals IRS DeFi Broker Rule and SEC Chair Confirmation Signals Pro‑Crypto Tilt Source: X   On April 10, President Trump signed a joint resolution under the Congressional Review Act nullifying the Biden‑era IRS rule that would have classified DeFi platforms as brokers required to report user transactions. This first-ever congressional crypto victory was celebrated by industry groups, which argued the rule would have inundated the IRS and stifled innovation.   Concurrently, the U.S. Senate confirmed Paul Atkins as SEC Chair in a 52–44 vote, marking a clear shift toward a “rational, coherent” digital asset regulatory framework after years of aggressive enforcement under Gary Gensler.   Read more: Bitcoin Reclaims $83K, XRP ETF Sparks 13% Rally, Paul Atkins’ SEC Role Amid DXY Dynamics   Bitcoin On‑Chain Accumulation: Whales and Long‑Term Holders Drive Supply Squeeze Bitcoin’s network health is underscored by significant accumulation from long‑term holders (LTHs), defined as addresses holding BTC for over three years. Since mid‑February, LTHs have added approximately 363 000 BTC to their wallets, absorbing sell‑side pressure and reducing available supply. This cohort’s growing reserves suggest confidence in Bitcoin’s mid‑ to long‑term value proposition, even as short‑term volatility persists.   Whale addresses—those holding over 1 000 BTC—have also entered an intense accumulation phase. Mega‑whales (≥ 10 000 BTC) currently number 93 and reached a near‑perfect accumulation score in early April, indicating robust buying over a 15‑day window. This dynamic, combined with low spending from short‑term holders, points to a potential supply crunch that could amplify price moves when bullish catalysts emerge.   Bitcoin Price Prediction Analysts are forecasting Bitcoin to retest the $100,000 level by year‑end as regulatory clarity and institutional products—such as staking and ETFs—attract fresh capital. More bullish projections, including by IOHK’s Charles Hoskinson, envision Bitcoin reaching $250,000 by 2026, driven by macroeconomic tailwinds, tariff‑induced inflation hedging, and broader adoption of digital assets.   Read more: The History of Bitcoin Bull Runs and Crypto Market Cycles   Helium Lawsuit Dismissal: SEC Drops Securities Claims, Clarifying Token Distribution Precedents The SEC dismissed with prejudice its lawsuit against Nova Labs, developer of the Helium network, which had accused the company of issuing unregistered securities via its HNT, IOT, and MOBILE tokens. The ruling affirms that selling hardware coupled with token incentives for network growth does not inherently constitute a securities offering—setting a critical precedent for future token distribution models.   Read more: Top DePIN Crypto Projects to Know in 2025   HashKey’s Hong Kong Staking Approval: Institutional Yield on Ether ETFs Arrives Source: X   On April 10, Hong Kong’s SFC authorized HashKey Group to provide ETH staking services on licensed virtual asset trading platforms and authorized funds. This landmark approval positions HashKey as one of the first regulated exchanges in Hong Kong to enable institutional investors to earn staking yields on spot Ether ETFs, enhancing the appeal of proof‑of‑stake assets and paving the way for similar U.S. approvals under the new SEC leadership.   Tokenized Gold Touches $2 B Market Cap as Investors Flee Risk Assets Source: CoinDesk   Tokenized gold has emerged as a top-performing sector, with its combined market cap surging to $1.98 billion—a 5.7% 24‑hour gain—mirroring physical gold’s record highs above $3 200/oz. Weekly trading volumes of Paxos Gold (PAXG) and Tether Gold (XAUT) have exploded by 900% and 300%, respectively, since January 20. Crypto‑native investors are increasingly using tokenized gold as a stable‑value hedge amid geopolitical tensions and tariff‑driven market turbulence.   Read more: Unlocking RWA Tokenization in 2025: Key Trends, Top Use Cases & DeFi Insights   Conclusion: Balancing Fear and Opportunity in a Shifting Regulatory Landscape Despite a pullback in overall market cap and volumes, underlying fundamentals—from robust on‑chain accumulation to pro‑crypto regulatory developments—point to a potential inflection. Trump’s repeal of the IRS DeFi broker rule, Atkins’s SEC confirmation, and HashKey’s staking green light in Hong Kong collectively signal a more favorable environment for digital assets. As Bitcoin eyes $100 000 and beyond, market participants will watch for macro and legislative catalysts to convert latent demand into the next bullish leg.

  Key Takeaways Market Environment: U.S. March inflation cooled more than expected, recording the lowest year-on-year growth rate in four years. However, the risk of escalating tariff wars overshadowed the positive inflation data, with market panic regaining dominance. U.S. assets faced a broad sell-off, with stocks, bonds, and currencies all closing lower. Bitcoin fell in sync, dropping 3.63%. Regulatory Trends The U.S. continues advancing crypto-friendly regulations: 1) The SEC has mandated enhanced token disclosures from crypto projects, potentially adopting stock market-style reporting standards;  2) President Trump signed the first cryptocurrency bill into law, eliminating IRS DeFi broker regulations to actively embrace DeFi innovation.   Main Asset Changes Index Value  % Change S&P 500 5,268.06 -3.46% NASDAQ 18,343.57 -4.19% BTC 79,602.90 -3.63% ETH 1,552.48 -8.79%   Crypto Market Fear & Greed Index: 25 (39, 24 hours ago), level: Extreme Fear   Macro Economy U.S. March CPI rose 2.4% YoY, below market expectations; markets nearly fully priced in a Fed rate cut in June. The EU considers suspending its U.S. tariff countermeasures for 90 days starting April 15. The U.S. House passed a budget, clearing the way for Trump's tax cuts and debt ceiling increase. Yellen: The possibility of a U.S. recession has risen. Spot gold broke through $3,200 for the first time, hitting another all-time high. Trump: Plans to use tariff revenue to repay debt. Fed's Goolsbee: The threshold for policy changes at the Fed remains quite high.   Industry Highlights U.S. SEC issued new guidance requiring crypto projects to enhance token disclosures. Trump signed the first crypto bill, repealing the IRS DeFi broker rules. U.S. SEC dropped charges against Nova Labs for "selling unregistered securities." U.S. SEC officially accepted Fidelity's Solana ETF listing application. Hong Kong established a Digital Asset Alliance, with members including the Hong Kong Web 3.0 Association and six other institutions. New Hampshire House passed a Bitcoin reserve bill. DWF Labs launched a $250 million liquidity fund, now open for applications from mid-to-large cap token projects. Silk Road founder Ross Ulbricht will make his first public appearance at the Las Vegas Bitcoin Conference. MEV bots front-ran the Wayfinder PROMPT airdrop; TokenTable paused the process and promised compensation. Bitcoin staking protocol Babylon launched its Genesis mainnet.   Project Highlights Trending Tokens: BABY, XCN, GAS BABY: Bitcoin ecosystem token BABY debuted with high volatility, currently with a circulating market cap of ~$180M. ME: Magic Eden announced the acquisition of decentralized trading platform Slingshot. AVAX: VanEck submitted an Avalanche ETF application to the SEC. GAS: Trading volume concentrated in Korean capital, with contract funding rates hitting lower limits, triggering a short squeeze rally.   Weekly Outlook April 11: U.S. March PPI data; U.S. SEC's second crypto regulation roundtable; U.S. April one-year inflation expectation (preliminary); U.S. April Michigan Consumer Sentiment Index (preliminary).   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

The global crypto market cap surged to $2.61 trillion (+8.13%), with 24‑hour volume spiking 46% to $170.7 billion. Bitcoin tested $83 000 on macro tailwinds, XRP jumped 13% post‑XXRP ETF launch, and Paul Atkins’ SEC confirmation signals a pro‑crypto regulatory shift as the DXY hovers near key levels.   Quick Take Crypto cap at $2.61 T (+8.13%), volume $170.7 B (+46.04%); DeFi $11.0 B (6.45%), stablecoins $161.9 B (94.84%). BTC dominance 62.53% (−0.13%), testing $83 K; falling‑wedge pattern hints at $100 K upside if breakout holds. XXRP ETF debut on NYSE Arca and tariff pause fueled a 13% XRP rally above $2, though technicals warn of a potential $1.20 downside. Trump’s 90‑day tariff pause and DXY’s proximity to 100 underpin renewed risk appetite; historical DXY dips precede major BTC bull runs. Paul Atkins confirmed as SEC Chair promises clearer digital‑asset rules; Kalshi adds BTC deposits to expand prediction‑market offerings. Crypto Market Overview: Cap, Volume, and Sentiment Metrics The global crypto market capitalization stands at $2.61 trillion, marking an 8.13% increase over the past 24 hours. Trading activity has intensified dramatically, with total 24‑hour volume surging 46.04% to $170.68 billion.    Crypto Fear & Greed Index | Source: Alternative.me   Within this, DeFi protocols contributed $11.01 billion (6.45%), while stablecoins dominated at $161.88 billion—94.84% of total volume. Bitcoin’s market share dipped marginally to 62.53%, and the Crypto Fear & Greed Index jumped from 18 (“Extreme Fear”) to 39 (“Fear”), underscoring a shift toward risk‑on sentiment.   Macro and Geopolitical Developments Driving Crypto Volatility President Trump’s announcement of a 90‑day pause on reciprocal tariffs for non‑retaliating nations sent ripples through both equities and crypto markets. While the S&P 500 jumped nearly 8%, Bitcoin responded with a 5–9% surge in minutes, highlighting crypto’s growing sensitivity to trade policy. Conversely, China’s retaliatory tariff hike to 125% on US goods underscores persistent geopolitical friction, fueling flight‑to‑crypto narratives as a hedge against traditional market volatility.   In Buenos Aires, Argentina’s Chamber of Deputies approved a probe into President Javier Milei’s promotion of the LIBRA memecoin—a token that briefly reached a $4 billion market cap and allegedly scammed over 40,000 investors. This high‑profile investigation spotlights global regulatory scrutiny of influencer‑driven token promotions and underscores the need for clearer guidelines—foreshadowing the SEC’s potential pivot under new leadership.   Read more: From $4.56B Peak to 94% Crash: Milei’s LIBRA Endorsement Triggers $107M Insider Exit   Bitcoin Technical Outlook: Falling‑Wedge Pattern and On‑Chain Support BTC/USDT price chart | Source: KuCoin   Bitcoin’s price reclaimed the $83 000 level for the first time since April 6, driven by the tariff‑pause‑fueled rally in US equities. Spot BTC rose over 8% intraday, briefly touching $83 500 before consolidating.   Derivatives Signal Cautious Optimism Futures Premium: Briefly exceeded the neutral 5% threshold, indicating balanced long/short positioning. Options Delta Skew: Shifted from a bearish +12% to a neutral +3%, suggesting put‑call premiums are even, a marked improvement from late‑March pessimism. Glassnode metrics place critical support between $65,000–$71,000, where active realized price and true market mean converge. Historically, Bitcoin spends equal time above and below this band; holding here is essential for bulls aiming to validate a falling‑wedge breakout and target $100,000 by mid‑year.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   XRP ETF Launch and Price Dynamics: From Breakout to Breakdown Risk XRP/USDT price chart | Source: KuCoin   The XXRP ETF launched on NYSE Arca on April 8, drawing $5 million in first‑day volume and propelling XRP up 13% to $2.01. This leveraged ETF aims to amplify daily XRP returns, attracting both retail and institutional inflows amid broader market optimism.   Despite the ETF buzz, XRP’s daily chart reveals a descending triangle since December 2024. The pattern resolved with a breakdown below $2 on April 6, projecting a 33% drop to $1.20. Key intermediate supports lie at $1.81 and $1.71, with a potential final low around $1.55 if bearish momentum persists.   Read more: Teucrium’s 2× XRP ETF Posts $5 Million Day-One Volume; Standard Chartered Sees XRP at $5.50 by 2025 and $12.50 by 2028   Trade Tensions, DXY Movements, and Crypto Sentiment DXY | Source: TradingView   Trump’s 90‑day tariff reprieve for non‑Chinese imports ignited an 8% rally in both the S&P 500 and Bitcoin, underscoring crypto’s increasing correlation with macro risk assets.   The US Dollar Index (DXY) currently hovers around 104, near the psychologically pivotal 100 level. Historical dips below 100—June 2020 and April 2017—preceded BTC rallies of over 500% within eight to nine months. Reports of China curbing dollar purchases to support the yuan add fuel to speculation that a weaker DXY could catalyze another major crypto upswing.   Paul Atkins’ SEC Confirmation: Implications for Crypto Regulation Paul Atkins is the new SEC chair | Source: X   On April 9, the Senate confirmed Paul Atkins as SEC Chair in a 51–45 vote. A former SEC commissioner (2002–2008) and co‑chair of the Token Alliance, Atkins is renowned for his pro‑crypto stance. His stated priorities include:   Regulatory Clarity: Establishing coherent, principle‑based guidelines for digital assets. Enforcement Balance: Reducing litigation uncertainty by refining the SEC’s Crypto Task Force approach. Market Innovation: Encouraging token registration pathways to foster compliant blockchain projects. Atkins’ tenure could mark a pivot from the enforcement‑heavy era under Gary Gensler to a more dialogue‑oriented regime, potentially unlocking new growth avenues for crypto firms.   Kalshi Integrates Bitcoin Deposits to Capture Crypto‑Native Users Prediction‑market platform Kalshi, regulated by the CFTC, announced BTC deposit support on April 9, complementing its existing USD Coin rails. Highlights include:   $143 Million in volume on BTC‑settled event contracts (e.g., hour‑by‑hour BTC price movements). Seamless on‑ramp via ZeroHash infrastructure, converting BTC deposits to USD for contract participation. Expansion of 50+ crypto‑related markets, from 2025 price highs/lows to political event outcomes. By catering to crypto‑native traders, Kalshi aims to diversify its user base beyond traditional derivatives, leveraging digital‑asset liquidity and engaging a new cohort of market participants.   Read more: Top 7 Decentralized Prediction Markets to Watch in 2025   Conclusion: Balancing Bullish Catalysts with Technical and Macro Risks The crypto market’s recent upswing—fueled by trade‑policy developments, ETF innovation, and regulatory shifts—demonstrates its maturing interplay with macroeconomic forces. Bitcoin’s technical setup offers upside potential toward $100 000, while XRP’s ETF‑driven spike carries significant breakdown risks. As Paul Atkins assumes the SEC helm and platforms like Kalshi deepen crypto integrations, the sector stands at a crossroads: poised for institutional expansion yet vulnerable to geopolitical and technical headwinds. Investors should weigh these catalysts against persistent DXY volatility and pattern breakdown threats to navigate the next phase of crypto’s evolution.   Read more: Unlocking RWA Tokenization in 2025: Key Trends, Top Use Cases & DeFi Insights

  Key Takeaways In pre-market U.S. trading, China and the EU's tariff countermeasures continued to fuel market panic. Trump posted that now is a great time to buy, stabilizing market sentiment. Subsequently, the U.S. temporarily suspended some tariffs, completely reversing the panic. The three major U.S. stock indices collectively surged, with the Nasdaq recording its second-largest single-day gain in history. Bitcoin broke through the $81,200 resistance level, closing up 8.24%.   Main Assets Changes Crypto Market Fear & Greed Index: 39 (18, 24 hours ago), level: Fear   Macroeconomic Developments Trump: Authorized a 90-day suspension of tariffs, with reciprocal tariffs reduced to 10%.  China imposed an additional 50% tariff on all imported goods from the U.S.   The EU approved a 25% tariff countermeasure against the U.S.   After the tariff suspension, traders scaled back bets on a Fed rate cut in May.  Fed Meeting Minutes: The U.S. economy faces risks of high inflation and low growth. Given the significant uncertainty in the economic outlook, maintaining unchanged interest rates is appropriate.    Industry Highlights Paul Atkins' nomination as SEC Chairman passed the Senate vote.  The U.S. SEC approved options trading for spot Ethereum ETFs.   The U.S. CFTC clarified it will cease regulating the crypto asset industry through lawsuits.   Ukraine plans to impose an 18% income tax on virtual assets.   The UK Financial Conduct Authority will implement a new crypto asset regulatory framework in 2026, covering stablecoin issuance, payment services, lending, exchanges, and more.   Pakistan plans to use some surplus electricity for Bitcoin mining.  Trump posted before the tariff suspension: "Now is a great time to buy."  Strategy responded to rumors of "possibly being forced to sell Bitcoin," stating it has no plans to sell and that it was merely a routine risk disclosure.   DWF Labs subscribed to 250 million WLFI at an average price of $0.1.   David Sacks will speak at the Bitcoin 2025 conference next month.   Tether plans to launch an AI platform in June or September this year, potentially competing with OpenAI.    Project Highlights Trending Tokens: FARTCOIN, POPCAT, ALCH  SOL: With the recent RFC meme coin trend, Solana's on-chain activity has rebounded, and buy orders for SOL have increased.   DOGE: 21Shares filed an application for a spot Dogecoin ETF in the U.S.  AAVE: Aave initiated a token buyback mechanism, with a first-month budget of $4 million.    Weekly Outlook April 10: U.S. March CPI data; China imposes 34% tariffs on U.S. goods.  April 11: U.S. March PPI data; the U.S. SEC will hold its second roundtable on crypto regulation.   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

A broad sell‑off drove the crypto market cap down 5.56% to $2.4 trillion, with volume plummeting 42.15% to $116.4 billion. Bitcoin steadied around $76 K while the first leveraged XRP ETF and a proposed SUI ETF highlight growing institutional products.   Quick Take Market cap contraction amid extreme fear; stablecoins still account for 94.86% of 24‑hour volume. Bitcoin’s volatility squeeze and macro pressures test its $76 K support level. Ripple’s $1.25 B Hidden Road buy and Teucrium’s 2× XRP ETF deepen institutional integration. Cboe’s SUI ETF filing underscores rising demand for Layer‑1 altcoin funds. RedStone’s 2.4 ms MegaETH oracle enhances on‑chain price‑feed speed for DeFi. Crypto Market Overview Crypto Fear & Greed Index | Source: Alternative.me   The total crypto market capitalization fell to $2.4 trillion, down 5.56% in 24 hours, as investors retreated amid extreme fear (Fear & Greed Index: 18). Daily trading volume collapsed 42.15% to $116.41 billion, led by stablecoins at $110.43 billion (94.86%) and DeFi protocols at $8.49 billion (7.29%). Bitcoin dominance slipped slightly to 62.65%, reflecting selective buying of the largest asset.   Major Exchange and Regulatory Moves Shake Confidence Binance’s Purge of 14 Low‑Quality Tokens: On April 16, Binance will delist tokens such as Badger (BADGER), Cream Finance (CREAM), and NULS, following community “vote to delist” results and a review of liquidity, development activity, and compliance with stricter listing criteria. This aggressive cleanup aims to bolster overall platform quality but may unsettle holders of smaller projects. Ripple’s Strategic Acquisition of Hidden Road: Ripple’s $1.25 billion takeover of prime broker Hidden Road positions the firm as the largest non‑bank prime broker globally. By integrating its RLUSD stablecoin and the XRP Ledger into Hidden Road’s clearing operations—processing over $3 trillion annually—Ripple seeks to streamline cross‑border settlement and showcase institutional-grade blockchain utility. Satoshi Nakamoto FOIA Lawsuit Sparks Debate: Crypto attorney James Murphy filed a FOIA request against the U.S. Department of Homeland Security, seeking documents related to an alleged 2019 meeting between DHS agents and Bitcoin’s creator(s). The lawsuit highlights ongoing fascination with Bitcoin’s origins and may pressure U.S. agencies to disclose internal records. Bitcoin’s Technical Test at $76 K Amid Macro Headwinds BTC/USDT price chart | Source: KuCoin   Bitcoin’s price has compressed into a tight trading range around $76 K, forming a volatility squeeze that often precedes a sharp breakout or breakdown. With weekly closes below $92 K still elusive, traders watch for a decisive move to confirm next directional bias.   U.S.–China trade tensions, new tariffs, and rising Treasury yields have increased risk‑off sentiment, maintaining Bitcoin’s correlation with equities. Yet some strategists argue that prolonged fiscal strain—like rolling over $9 trillion in U.S. debt—could ultimately drive demand for BTC’s fixed supply, especially if the dollar weakens further.   Ripple’s Institutional Push and the Debut of a Leveraged XRP ETF Ripple will leverage Hidden Road’s infrastructure to deploy RLUSD as collateral across prime brokerage services, reducing settlement times from 24 hours to near‑instant via the XRP Ledger. This move could accelerate institutional use of stablecoins in traditional markets.   Details of Teucrium’s XRP ETF | Source: Teucrium   Teucrium’s XXRP ETF on NYSE Arca offers 2× leveraged exposure to XRP, charging a 1.85% management fee. Launching before a standard spot XRP ETF is approved, XXRP reflects confidence in XRP’s market potential but carries elevated risk due to leverage and the token’s price volatility.   Read more: What Is an XRP ETF, and Is It Coming Soon?   First‑Mover SUI ETF Filing Highlights Altcoin ETF Trend Canary Capital’s SUI ETF application with the SEC, if approved, would introduce the first U.S. fund holding Sui Network’s native token (market cap ~$6.5 billion). Sui’s high TVL ($1.1 billion in DeFi) and developer‑friendly Move framework make it a compelling candidate for institutional products.   Following filings for Solana, Litecoin, and Hedera ETFs, the SUI proposal underscores growing institutional interest in diversified crypto exposure beyond BTC and ETH. Yet some analysts caution that demand for altcoin ETFs may lag until clearer regulatory guidelines emerge.   RedStone’s MegaETH Oracle: Pushing Latency to 2.4 ms RedStone’s new push‑based oracle on MegaETH delivers on‑chain price updates every 2.4 milliseconds by co‑locating nodes directly on the network. This “co‑location” minimizes latency from server distance, critical for high‑frequency DeFi strategies and automated trading.   Read more: RedStone (RED) Project Report   Initially on MegaETH, RedStone plans to expand its low‑latency oracle to additional EVM‑compatible networks, sourcing data from centralized exchanges and, eventually, decentralized venues. As DeFi TVL nears $88 billion, efficient oracles will be key infrastructure for next‑generation financial applications.   Read more: What Is MegaETH, the Vitalik-Backed Ethereum Layer‑2 Blockchain?   Conclusion: Navigating Uncertainty with Institutional Innovations Amid a sharp pullback and pervasive market fear, Bitcoin’s ability to hold support near $76 K will be a barometer for broader crypto resilience. Meanwhile, institutional developments—from Ripple’s prime broker acquisition to the first leveraged XRP ETF and SUI ETF filing—signal deepening integration of digital assets into traditional finance. Infrastructure advancements like RedStone’s ultra‑low‑latency oracle further strengthen DeFi’s foundations. As regulatory clarity and macro conditions evolve, these institutional products and technical innovations may help steer the next phase of crypto market recovery.

  Key Takeaways Market Environment: Risk assets surged briefly on optimism over trade negotiations, but hopes were dashed after White House officials ruled out near-term tariff exemptions, triggering another "rollercoaster" decline in U.S. stocks. Crypto market sentiment remains extremely fearful, with Bitcoin mirroring stock market volatility—briefly falling from 80,000 to below 76,000. Altcoins show no clear trend, remaining under pressure. Regulatory Developments: U.S. DOJ disbands its crypto enforcement unit, effectively halting regulatory actions against virtual currency exchanges and non-custodial wallets. DOJ clarifies that crypto developers are not liable for how their code is used (e.g., mixers, wallets), signaling further deregulation under the Trump administration.   Main Assets Changes Fear & Greed Index: 18 (down from 24), indicating extreme fear.   Industry Highlights U.S. raises tariffs on Chinese goods to 104%. U.S. Trade Representative: Many countries have declined retaliatory measures, and Trump will not grant tariff exemptions soon. Trump demands EU buy $350B in U.S. energy for tariff relief. EU expected to submit a counter-tariff plan next week. Ripple acquires Hidden Road (a crypto-friendly prime broker) for $1.25B, expanding institutional services. First U.S. XRP ETF (XXRP) launches Tuesday. PancakeSwap proposes CAKE Tokenomics 3.0, aiming to reduce supply by 20% over 5 years. CBOE files 19b-4 for Canary’s SUI ETF.   Project Highlights RFC: A Solana meme coin ("Retard Finder" theme) surges after Binance Alpha listing (~$70M peak cap). CAKE: PancakeSwap’s supply reduction proposal boosts sentiment.   Weekly Outlook April 9: Trump’s "reciprocal tariffs" take effect. U.S. House hearing on digital asset regulation. SAGA unlocks 118.54% of supply (~$35.1M). April 10: Fed March meeting minutes. U.S. March CPI data. China imposes 34% tariffs on U.S. goods. April 11: U.S. March PPI data. SEC’s second crypto regulation roundtable.   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

The global crypto market cap rose modestly by 1.71% to $2.54 trillion while trading volumes surged 93.41% to $200.92 billion, driven by stablecoins and DeFi liquidity. Key developments include strategic regulatory appointments, emergency risk management actions, and expanding tokenization efforts in real-world assets (RWA).   Quick Take The global crypto market cap increased to $2.54T with a significant uptick in daily trading volume to $200.92B. BTC’s dominance edged up to 62.81, bolstered by a brief surge in hashrate and technical resilience amid volatility. XRP’s price remains under strain as futures liquidations and weak derivative activity underscore bearish sentiment. The tokenized asset market is forecast to reach $18.9T by 2033 as blockchain solutions continue to transform traditional finance. From Pakistan’s appointment of CZ as a crypto adviser to emergency ETH deposits preventing massive liquidations, the market reflects a blend of innovation and caution. Crypto Market Overview and Liquidity Surge The total crypto market cap currently stands at $2.54 trillion, marking a 1.71% increase over the last day. Trading volumes have shot up by 93.41%, reaching $200.92 billion in the past 24 hours.    Crypto Fear & Greed Index | Source: Alternative.me   Stablecoins dominate the trading volume at $189.97 billion (94.55%), while DeFi protocols have contributed $12.39 billion (6.17%). Simultaneously, Bitcoin’s market share has risen to 62.81%, emphasizing its role as the market’s anchor even as sentiment remains extremely fearful at a Crypto Fear & Greed Index reading of 24.   Global Regulatory and Market Developments: Strategic Moves and Emergency Actions Recent market developments have reinforced the interconnected nature of global crypto and traditional finance:   Pakistan has strategically appointed former Binance CEO Changpeng “CZ” Zhao as an adviser to its national crypto council. This move signals the country’s commitment to building a forward-looking regulatory framework aimed at propelling blockchain adoption and attracting international investment. A prominent Ethereum whale made headlines after depositing roughly $14 million in ETH alongside additional Dai to stave off a catastrophic liquidation on a $340 million MakerDAO position. This decisive action underscores the inherent risks in overleveraged DeFi positions and highlights the volatility that can result from sudden market shifts. Bitcoin’s network recently achieved a milestone when its hashrate briefly crossed 1 zetahash per second—a historic first in its 16-year journey. Although this peak was short-lived, it demonstrates the network’s expanding computational power and potential resiliency, even in times of widespread market uncertainty. Heightened by US-led trade measures and tariff announcements, global risk sentiments have intensified. Such macro pressures have sparked a notable market correction, reflecting how government policies can swiftly affect investor behavior across both traditional and digital asset classes. Read more: Bitcoin Slides to $78K as Trump’s Tariffs Spark 7.7% Crypto Market Decline: Apr 7 Bitcoin Displays Technical Resilience Amid Macro Volatility BTC/USDT price chart | Source: KuCoin   Bitcoin remains the backbone of the crypto market, demonstrating both strength and vulnerability amid broader economic challenges. Despite external pressures, its market dominance has inched up to 62.81%, a figure bolstered by a temporary surge in hashrate, which briefly reached 1 zetahash per second. This milestone indicates robust underlying network support, even as Bitcoin’s price continues to experience fluctuations.    Technical analysts observe that the cryptocurrency is managing to hold key support levels around the $76,000 mark, where renewed buying interest has emerged. However, the market remains cautious, as failure to breach critical technical levels—such as a sustained weekly close above $92,000—could pave the way for further downward corrections.   Adding to the technical picture, Bitcoin has recently experienced a volatility squeeze—a phase characterized by reduced price swings that often precede significant directional moves. This pattern is especially relevant in the current context of heightened market fear, as reflected in the Crypto Fear & Greed Index.    Institutional insights have suggested that the prevailing market conditions might contribute to a healthy clearing of excess leverage. Although such deleveraging can be painful in the short term, many analysts believe it could ultimately set the stage for a robust Bitcoin rally once liquidity normalizes and investor confidence is restored.   XRP Navigating Over $60M in Liquidations and Bearish Momentum XRP/USDT price chart | Source: KuCoin   XRP, trading at approximately $1.92, has been notably challenged amid the current market downturn. The cryptocurrency has come under significant pressure partly due to the liquidation of over $60 million in long futures positions in the last 24 hours.    This wave of liquidations mirrors a broader risk-off sentiment observed across the market, where weak demand in the derivatives space is further compounded by sustained negative funding rates. These conditions underscore a diminished appetite for XRP among investors, contributing to a deepening bearish momentum.   XRP liquidations | Source: CoinGlass   Further intensifying XRP’s struggles are external factors such as ongoing US-led tariff measures and associated trade tensions. Given XRP’s sensitivity as a risk-on asset, any reduction in international trade volume or increased regulatory uncertainty tends to exert immediate negative pressure on its price trajectory. In the absence of a strong catalyst to reverse the negative sentiment, market participants remain cautious, with many expecting the current lack of buying interest to persist in the short term.   Real-World Assets (RWA) Tokenization the New Frontier in Digital Finance? Source: Ripple and BCG   The emergence of tokenized real-world assets (RWA) represents a transformative development in the digital finance landscape, with the market poised for dramatic growth. Projections suggest that the tokenized asset market could escalate to an impressive $18.9 trillion by 2033, driven by blockchain’s inherent strengths such as enhanced efficiency, reduced settlement times, and significant operational cost savings.    This technology is already being leveraged by financial institutions to record asset ownership and streamline transactions without intermediaries—evidenced by initiatives from platforms like JPMorgan’s Kinexys and BlackRock’s tokenized money market funds.   Despite its promising outlook, the tokenization market faces a host of challenges that must be overcome to fully realize its potential. Key obstacles include regulatory fragmentation, inconsistent custody and interoperability standards, and the need for standardized smart contract protocols. These issues are critical to address as they currently inhibit the seamless integration of tokenized assets into traditional financial systems.    Nevertheless, as more institutions experiment with tokenization, traditional finance could undergo a fundamental shift in how assets are managed and traded. Early adopters who successfully navigate these regulatory and technical hurdles are likely to reshape the global asset landscape, offering more efficient liquidity solutions and transforming the overall value chain of financial markets.   Conclusion  In this period of substantial liquidity and technical breakthroughs, the crypto market reflects a blend of cautious optimism and pragmatic risk management. While Bitcoin’s enduring dominance and the promising growth of tokenized real-world assets point to long-term opportunities, short-term pressures—from regulatory shifts to massive liquidations—demand careful monitoring. As investors navigate these turbulent times, staying attuned to key technical levels and broader macroeconomic signals will be crucial for mitigating risks and capitalizing on emerging trends.

  Key Takeaways Trump's tariff measures have triggered global retaliation—after China announced reciprocal tariffs, the EU plans to impose two rounds of countermeasures. Escalating trade tensions have pushed risk markets into extreme bearish territory, with sentiment-driven volatility intensifying. A false rumor about "delaying tariffs for 90 days" caused a 10% intraday spike in U.S. stocks, which reversed after the White House denied the claim. Major indices closed mixed: the Nasdaq narrowly gained, while the S&P 500 fell for the fourth straight day. Bitcoin briefly crashed below 75,000 before rebounding to test 81,200 resistance. Bitcoin dominance rose 0.32%, while altcoins remained sluggish.   Major Assets Changes Crypto Fear & Greed Index: 24(23 a day earlier), indicating "Extreme Fear."   Macro Economy White House: Claims about a 90-day tariff pause are "fake news." Goldman Sachs cut U.S. growth forecasts and raised recession odds. Trump: "The Fed should cut rates." EU tariffs on U.S. imports take effect April 15. Trump rejected tariff suspensions, calling the EU’s proposal "completely inadequate" but hinted at negotiations. U.S. NEC Director: Over 50 countries are in tariff talks. Trump: "The world is engaging with our standards."   Industry Highlights SEC issued stablecoin guidance, stating that "regulated stablecoins" are not securities. SEC Chair nominee Paul Atkins passed the Senate Banking Committee vote, advancing to a full Senate vote. South African Revenue Service: Crypto traders must register or face legal consequences. Brazilian court authorized seizing crypto for debt repayment. SEC will hold a second crypto regulation roundtable on April 11. STRATEGY made no Bitcoin purchases last week. MSTR faces ~$6B unrealized BTC losses in Q1. Tether may launch a U.S.-only stablecoin. WLFI plans a small USD1 airdrop test for token holders.   Project Highlights No notable altcoin movements. GMX v1 liquidated legacy BTC positions, generating $13M in fees (partly for GMX buybacks).   Weekly Outlook April 8: TNSR unlocks 35.86% of circulating supply (~$15.1M). April 9: Trump’s "reciprocal tariffs" take effect. U.S. House hearing on digital asset regulation. SAGA unlocks 118.54% of circulating supply (~$35.1M). April 10: Fed releases March FOMC minutes. U.S. March CPI data. China imposes 34% tariffs on U.S. goods. April 11: U.S. March PPI data. SEC’s second crypto regulation roundtable.   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

  Key Takeaways Market Environment: Strong U.S. non-farm payroll data contrasted with escalating global tariff wars. Powell showed no intention of market intervention, sparking recession fears and triggering a two-day stock market crash—the fourth-largest since WWII and the worst weekly drop since the pandemic. Over the weekend, Trump’s team maintained a hardline stance on tariffs, casting a shadow over global markets on Monday. A "Black Monday" ensued: U.S. stock futures plummeted at the open, Japanese stocks triggered a circuit breaker, and Bitcoin—previously resilient—broke below the $81,200 support level, closing down 6.11%. ETH fell below $1,600, triggering cascading liquidations. The ETH/BTC ratio dropped below 0.02, hitting a five-year low, while Bitcoin dominance surged past 63%, with altcoins broadly declining.   Major Assets Changes   Crypto Fear & Greed Index: 25(34 a day earlier), indicating "Extreme Fear."   Macro Economy U.S. March Non-Farm Payrolls: 228K (above expectations). U.S. March Unemployment Rate: 4.2% (higher than forecast). Powell: a. Trump’s tariffs exceed Fed expectations. b. Tariff impacts may be worse than anticipated; downside risks are rising, but the economy remains strong. c. Progress toward 2% inflation has slowed; policy adjustments will wait for clearer signals. d. The Fed maintains expectations for two rate cuts in 2025. U.S. Commerce Secretary: No delay in tariff implementation. JPMorgan raised its 2024 global recession probability to 60%. UNCTAD warned of escalating global trade tensions. Hedge funds recorded their largest single-day sell-off since 2010, nearing Lehman Crisis (2008) levels. U.S. Treasury Secretary Yellen downplayed the market crash as a "short-term reaction."   Industry Highlights SEC issued stablecoin guidance, stating that "regulated stablecoins" are not securities. SEC Chair nominee Paul Atkins passed the Senate Banking Committee vote, advancing to a full Senate vote. South African Revenue Service: Crypto traders must register or face legal consequences. Brazilian court authorized seizing crypto for debt repayment. SEC will hold a second crypto regulation roundtable on April 11. Ethereum’s Pectra upgrade scheduled for May 7. SEC accepted Fidelity’s Solana ETF application. BlackRock met with the SEC’s crypto working group to discuss in-kind ETF redemptions. Trump’s tariffs disrupt U.S. IPO market; Circle (USDC issuer) delayed its IPO. Tether CEO: Considering a new U.S.-registered compliant stablecoin. Brazil’s largest bank, Itaú Unibanco, plans to launch a stablecoin. Cango sold its auto business for $352M to focus on Bitcoin mining. Pump.fun reopened live trading for 5% of users with stricter moderation. U.S. Treasury Secretary: Bitcoin is becoming a store of value.   Project Highlights No major altcoin trends. Cardano Foundation launched Veridian, a digital identity platform. BUZZ founder relinquished ownership; new leadership will drive development.   Weekly Outlook April 7: BNB Chain’s AI Agent Competition concludes. April 8: TNSR unlocks 35.86% of circulating supply (~$15.1M). April 9: Trump’s "reciprocal tariffs" take effect. U.S. House hearing on digital asset regulation. SAGA unlocks 118.54% of circulating supply (~$35.1M). April 10: Fed releases March FOMC minutes. U.S. March CPI data. China imposes 34% tariffs on U.S. goods. April 11: U.S. March PPI data. SEC’s second crypto regulation roundtable.   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Global crypto capitalization slid to $2.46 trillion after US tariffs and hawkish Fed commentary triggered widespread selling, even as trading volume exploded by 161.93% to $110.97 billion. Key metrics include Bitcoin dominance rising to 62.74% and the Crypto Fear & Greed Index plunging to 23 (extreme fear).   Quick Take Total crypto market cap fell more than 8% to around $2.5 trillion as Bitcoin dipped below $80 K. Kalshi traders now price a 61% chance of a US recession in 2025 following tariff announcements. Nearly 400 000 FTX creditors risk losing $2.5 billion in repayments if they miss the extended June 1 KYC deadline. Decentralized exchanges continue to gain share, with Hyperliquid ranking 12th in open interest despite a $6.2 million exploit. Over $675 million in long positions were liquidated in the past 12 hours amid heightened volatility. Crypto Market Overview The total crypto market cap stands at $2.46 trillion, marking a 7.66% decrease over the last 24 hours. Meanwhile, 24‑hour trading volume surged 161.93% to $110.97 billion, driven largely by stablecoins which accounted for $104.4 billion (94.08% of volume). DeFi protocols contributed $6.24 billion, or 5.63% of total volume.    Crypto Fear & Greed Index | Source: Alternative.me   Bitcoin’s dominance has ticked up 0.75% to 62.74%, underscoring its relative resilience. Investor sentiment has deteriorated sharply: the Crypto Fear & Greed Index plunged to 23 (extreme fear) on Monday from 34 (fear) on Sunday.   Crypto Market Developments  Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.   US stock futures opened sharply lower—S&P 500 futures sank nearly 4%, while Dow Jones futures plunged over 8%. The sell‑off spilled into crypto, triggering forced liquidations of roughly $675 million in long positions across major exchanges within 12 hours. President Trump’s “medicine” rhetoric around sweeping new tariffs rattled global risk assets. Some traders now anticipate a possible delay as affected trading partners lobby for exemptions, but the uncertainty has amplified downside risks in both equities and crypto. Despite the downturn, prominent voices like BitMEX co‑founder Arthur Hayes argue that this deleveraging could clear excess leverage and set the stage for a renewed Bitcoin rally once liquidity returns to the market. Cypherpunk Jameson Lopp warned of rising Bitcoin address poisoning attacks, where scammers generate look‑alike addresses matching victims’ past transactions. He urged wallet providers to fully display addresses and users to manually verify every destination string before sending funds. A recent court filing shows 392 000 FTX creditors risk losing $2.5 billion in repayments if they fail to complete mandatory KYC by June 1. Smaller claims under $50 000 account for $655 million, while larger claims total $1.9 billion. Affected users should re‑submit documentation through FTX’s support portal to preserve their claims. Pershing Square’s Bill Ackman suggested President Trump might postpone the April 5 tariffs to allow time for trade negotiations, noting that “practical reality is there is insufficient time for deals” before implementation. Ethereum’s Pectra upgrade is scheduled for May 7, promising faster, cheaper transactions. The SEC accepted Fidelity’s Solana ETF application, and BlackRock engaged with regulators on in‑kind ETF redemptions. Bitcoin Price Holds Key $76 K Support Amid Volatility Squeeze BTC/USDT price chart | Source: KuCoin   Bitcoin displayed notable resilience during this week’s broad market sell‑off, falling just over 6% in 24 hours to test the $76 000 support level before mounting a recovery to around $78 500. Many traders view the dip below $76 000 as a potential “fake breakdown,” given that bids reemerged swiftly at that threshold. A successful weekly close above $92 000 is now the critical technical signal that would confirm the end of this correction and the resumption of Bitcoin’s uptrend.   Meanwhile, realized volatility for BTC has contracted even as the CBOE Volatility Index (VIX) for equities surged to multi‑year highs. This divergence indicates that Bitcoin is entering a volatility squeeze, a pattern that historically precedes significant directional moves. Sentiment is split: bearish macro traders warn that escalating tariff tensions and recession odds could drive further declines, while optimistic analysts argue that the capitulation of over‑leveraged longs and the influx of stablecoin liquidity set the stage for a sharp rebound. With Bitcoin dominance rising to 62.74%, many market participants are positioning for a decisive breakout in the weeks ahead.   61% Likelihood of a US Recession: Kalshi Kalshi, a US‑regulated prediction market, saw traders sharply increase their bets on an economic downturn, with the probability of a US recession in 2025 climbing to 61%—up from roughly 30% just two weeks earlier. On Kalshi, users buy and sell contracts that pay out based on whether specified events occur, in this case, two consecutive quarters of negative GDP growth as defined by the US Department of Commerce. The sudden spike in recession odds highlights traders’ growing unease over the fallout from President Trump’s tariff measures and their potential to choke off trade and corporate investment.   Polymarket forecasts 63% chance of a US recession in 2025 | Source: Polymarket   These elevated recession probabilities on Kalshi closely track those on Polymarket, another leading prediction platform, underscoring a broad-based 63% consensus among speculators that policy‑driven market shocks could tip the US economy into contraction. Institutional and retail participants alike have responded to the recent equity and crypto sell‑off by reallocating capital toward downside‑protection contracts, making Kalshi’s contracts a bellwether for real‑time sentiment on macroeconomic risks.   Read more: Top 7 Decentralized Prediction Markets to Watch in 2025   FTX Repayment Deadline Threatens $2.5 B for Unverified Creditors A recent US Bankruptcy Court filing reveals that 392 000 creditors of bankrupt exchange FTX risk having $2.5 billion in claims disallowed if they do not complete the mandatory KYC verification by June 1, 2025. Under the court’s schedule, claims under $50 000—totaling $655 million—and larger claims amounting to $1.9 billion will be expunged in full for non‑compliance.   FTX’s recovery plan anticipates distributing at least 118% of original claim values in cash to 98% of verified creditors, making timely verification critical. Affected users should log into FTX’s support portal, create or access their account, and re‑upload required identity documents to preserve their repayment rights. Failure to meet the deadline will permanently forfeit these substantial sums.   DEX Growth Persists Despite $6.26 Million Hyperliquid Exploit DEXs’ trading volume | Source: DefiLlama   Decentralized exchanges (DEXs) have steadily eroded the market share of centralized platforms, driven by traders’ desire for non‑custodial access and innovative derivatives products. According to CoinGecko, DEXs now account for a growing slice of on‑chain trading volume, with platforms like Uniswap and PancakeSwap leading in spot liquidity. In the derivatives space, Hyperliquid has climbed to 12th place globally by open interest, boasting over $3 billion in outstanding positions—outpacing legacy venues such as Kraken and BitMEX.   However, the rapid ascent of DEXs comes with heightened risks, as illustrated by a $6.26 million exploit on Hyperliquid’s Jelly my Jelly (JELLY) memecoin market. An anonymous whale manipulated the platform’s liquidation parameters by opening offsetting long and short positions, pocketing the difference when the protocol’s risk engine failed to liquidate a massive short in time. This incident, the second major breach on Hyperliquid in March, underscores the fragility of automated smart‑contract mechanisms. Analysts warn that post‑exploit interventions—such as emergency freezes or centralized rollbacks—may erode the trust that underpins the decentralized ethos, potentially slowing DEX adoption unless governance frameworks and code audits are strengthened.   Read more: What Is DEX Screener and How to Use It for Crypto Trading?   Conclusion This week’s tariff‑driven sell‑off underscores the sensitivity of crypto to macro policy and regulatory shifts. While near‑term volatility remains elevated, Bitcoin’s resilience, burgeoning DeFi volumes, and institutional ETF progress suggest that strategic entry points may arise once uncertainty abates. Stakeholders should monitor key technical levels, KYC deadlines, and regulatory developments to navigate the evolving market landscape.

The global crypto market cap fell 1.40% to $2.68 trillion as fear gripped investors, with the Crypto Fear and Greed Index plunging to 25 (Extreme Fear). Meanwhile, stablecoin drama erupted after Justin Sun’s claims caused FDUSD to depeg, Ripple's RLUSD surged, the HBAR Foundation joined a high-profile bid for TikTok, and President Trump's new tariffs introduced uncertainty into the crypto market.​ Quick Take Crypto market cap drops to $2.68T, while daily trading volume surges 65.41% to $129.81B. FDUSD depegged after insolvency accusations by Justin Sun, sparking legal threats from First Digital. Ripple’s RLUSD stablecoin hit $244M market cap, growing 87% in a month amid adoption by major platforms. HBAR Foundation and Zoop filed a bid to acquire TikTok’s U.S. operations amid upcoming regulatory deadline. President Trump's announcement of new tariffs introduces potential volatility and uncertainty into the crypto market. Crypto Market Overview The global crypto market fell 1.40% in the past 24 hours to $2.68 trillion, as market sentiment shifted rapidly following macroeconomic announcements and stablecoin volatility. Despite the downturn, overall trading activity surged, with the total 24-hour market volume climbing 65.41% to $129.81 billion.​   Crypto Fear & Greed Index | Source: Alternative.me   Stablecoins dominated the trading landscape, accounting for 96.86% of total volume ($125.74B), while DeFi protocols contributed $7.74B. Bitcoin's dominance increased slightly to 61.87%, and the Crypto Fear and Greed Index slid into “Extreme Fear” territory at 25, down from yesterday’s 44.​   Crypto Market Developments: Latest News and Updates The U.S. political landscape jolted crypto markets after President Donald Trump announced sweeping tariffs, including a 10% blanket levy on imports and a 25% tariff on foreign automobiles. Bitcoin (BTC) saw brief upward momentum during Trump’s Rose Garden speech but later retreated to $86,000.​   BTC/USDT price chart | Source: KuCoin   Circle, the issuer of USDC, filed for a long-anticipated IPO on April 1 under the ticker “CRCL.” The firm reported $1.67 billion in 2024 revenue, up 16% year-over-year, though its net income declined nearly 42% to $155.6 million. Over 99% of its income came from yield-bearing Treasury bills backing its stablecoin.​   Investment firm VanEck filed to create a Delaware trust for a possible BNB ETF, signaling growing institutional interest in non-Bitcoin crypto assets.​   President Trump's Tariffs and Potential Impact on the Crypto Market Crypto market cap dips under $2.7 trillion after Trump’s reciprocal tariffs | Source: Coinmarketcap   On April 2, President Donald Trump announced a series of sweeping tariffs, including a 10% baseline tariff on all imports and higher rates for specific countries—34% on China, 20% on the European Union, and 24% on Japan. Additionally, a 25% tariff on all foreign-made automobiles was introduced, set to take effect at midnight on April 3.   The immediate market reaction was negative, with U.S. stock-index futures declining between 2% and 3.3% in after-hours trading. Bitcoin's price experienced volatility, initially rising during the announcement but later retreating to around $86,000 and then to $83,000 early on Thursday.   Analysts have mixed views on the long-term impact of these tariffs on the crypto market. Some suggest that while short-term pressures may lead to market instability, the weakening of the U.S. dollar due to trade tensions could position cryptocurrencies like Bitcoin as attractive alternative assets. Conversely, heightened economic uncertainty might drive investors toward traditional safe-haven assets, potentially.    Ripple’s Stablecoin RLUSD Sees 87% Monthly Growth Ripple USD (RLUSD) market cap | Source: Coinmarketcap   Ripple's stablecoin RLUSD is seeing rapid adoption across the cross-border payments industry. Ripple announced that RLUSD is now integrated into Ripple Payments, its global payments solution.​   RLUSD’s market cap surged to $244 million — an 87% increase in just one month — with $860 million in transfer volume. The token is backed by short-term U.S. Treasuries and recently listed on Kraken, LMAX, and Bitstamp. Ripple said RLUSD’s adoption is outpacing internal projections, with NGO collaborations underway for aid distribution use cases.​   Read more: What Is RLUSD? A Comprehensive Guide to Ripple's Stablecoin and Its Impact on XRP   HBAR Foundation Joins Bid for TikTok Amid U.S. Ban Threat The HBAR Foundation, in partnership with Zoop (founded by OnlyFans’ creator), has entered the bidding war to acquire TikTok’s U.S. operations. Their proposal comes as a U.S. law mandates ByteDance to divest TikTok by April 5 or face a ban.​   According to Zoop co-founder RJ Phillips, the bid is designed to create “a new paradigm” where creators and communities benefit more directly. The HBAR Foundation, aligned with the Hedera network, supports blockchain adoption in social platforms and views the TikTok bid as a strategic move to bring social media “on-chain.”​   Read more: Hedera (HBAR) Project Report   FDUSD Depeg Drama Unfolds Amid Justin Sun’s Allegations FDUSD depegged from the US dollar on 2 April | Source: Coinmarketcap   On April 2, FDUSD, the U.S. dollar-pegged stablecoin issued by First Digital, fell below its $1 peg after Tron founder Justin Sun publicly alleged that First Digital is insolvent. The token briefly traded at $0.9952.​   First Digital denied Sun’s claims, labeling them a “smear campaign” and promising legal action. The issuer clarified that its dispute is with TrueUSD (TUSD), not FDUSD, and reaffirmed that every FDUSD token is fully backed by U.S. Treasury Bills. Proof-of-reserve concerns were reignited in the community, highlighting the need for real-time, on-chain transparency in stablecoin audits.​   Read more: USDT vs. USDC: Differences and Similarities to Know in 2025   Conclusion Today’s market movements reveal a highly volatile crypto landscape shaped by global politics, institutional interest, and stablecoin reliability. While fear is palpable and price volatility continues, developments like Ripple’s RLUSD integration, Circle’s IPO plans, and the HBAR-TikTok bid reflect an ecosystem still building despite uncertainty. Investors are watching closely as the next wave of regulation, innovation, and adoption reshapes the industry in real-time.

  Key Takeaways Market Environment: U.S. ADP employment rose more than expected in March, pushing U.S. stocks and Bitcoin higher ahead of Trump's tariff announcement. Trump's speech began by indicating a 10% baseline tariff, and the market assumed all reciprocal tariffs would be 10%, with risk assets all trending higher, with Bitcoin even spiking to $88,000 at one point. However, market sentiment took a sharp turn for the worse when specific tariff charts showed tariffs far exceeding expectations. U.S. stocks dived after the bell and Bitcoin fell to near $82,000. Crypto market sentiment has turned to extreme fear once again, with Bitcoin dominance on a 6-gain streak and no hot trends in the torrents. Market Highlights: Justin Sun claimed that FDUSD's issuer was insolvent, causing FDUSD to depeg to $0.87. Binance and FDUSD’s issuer refuted this, stating they maintain full solvency backed by audit reports, leading to a partial recovery in FDUSD’s peg. The conflicting narratives sparked market turmoil.   Major Assets Changes Index Value % Change S&P 500 5,670.98 +0.67% NASDAQ 19,581.78 +0.75% BTC 82,513.40 -3.10% ETH 1,794.92 -5.79%   Crypto Fear & Greed Index: 25 (44 a day earlier), indicating "Extreme Fear."   Macro Economy Trump declared a national emergency, imposing comprehensive tariffs with a 10% "baseline minimum tariff," while higher rates apply to nations with the largest trade deficits with the U.S. White House: Baseline tariffs take effect at midnight on April 5, with reciprocal tariffs following at midnight on April 9. U.S. March ADP employment: Increased by 155K, surpassing prior and forecasted figures.   Industry Highlights Fidelity launched a retirement plan allowing direct crypto investments (BTC, ETH, LTC). VanEck registered a BNB ETF in Delaware. Franklin Templeton plans to introduce Bitcoin and crypto ETPs in Europe. Galaxy Digital secured a U.K. derivatives trading license. CoinDesk reported: CoinDesk Article: Sun Yuchen Fills $456 Million Funding Shortfall for TUSD; Justin Sun Posts Article Saying FDUSD Issuer Is Insolvent, Unable to Meet Redemption Obligations and Suspected of Fraud, Calls on Hong Kong Regulators to Take Decisive Measures; FDUSD Rapidly Drops Off Anchor to 0.883; FDUSD Issuer Responds, Says Justin Sun Posted False Statements. Company has full solvency; Binance releases FDUSD audit report confirming full support by 1:1 USD BNB Chain announced: KILO, MUBARAK, BROCCOLI714, TUT, and BANANAS31 as the first winners of its $100M liquidity incentive program. Circle paid Binance $60.25M for a two-year USDC promotion deal, contingent on Binance holding ≥1.5B USDC. DTCC unveiled a blockchain collateral platform, accelerating financial tokenization. Indian listed firm Jerking’s board approved fundraising to purchase Bitcoin.   Project Highlights BIGTIME (+16%): Listed on Binance’s second "Vote-to-List" round. BANANAS31 (+10%): Awarded BNB Chain liquidity incentives. W (+8%): Unusual pre-unlock rally; on April 3, 47.4% of W’s circulating supply (~$117M) unlocks.   Weekly Outlook April 3: U.S. March S&P Global Services PMI (final); U.S. March ISM Non-Manufacturing PMI; W token unlock (47.4% of circulating supply, ~$117M). April 4: U.S. March Nonfarm Payrolls; Fed Chair Powell’s speech. April 6–9: 2025 Hong Kong Web3 Carnival.   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.