Bitcoin briefly surged above $81,000 after news of potential tariff delays, but quickly dropped below $79,000 as Trump threatened to impose another 50% tariff on China. Wall Street also saw sharp declines, with the S&P 500 down over 11% since Wednesday.
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Former Binance CEO Changpeng 'CZ' Zhao has joined the Pakistan Crypto Council to support crypto infrastructure and adoption efforts. This move aligns with Pakistanβs push to become a leader in blockchain finance following Trumpβs pro-crypto policies.
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SafePal introduced the Mini Wallet on Telegram, featuring a banking gateway and a digital Mastercard. The company also enhanced its hardware wallet security from EAL 5+ to EAL 6+, surpassing typical financial sector standards. The Mini Wallet supports over 40 networks and offers digital payments via Mastercard, PayPal, Apple, Google, and Samsung Pay.
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Curve Finance, a stablecoin-focused DEX, achieved a record $34.6 billion trading volume in Q1 2025, up 13.3% year-over-year. Despite a broader DeFi downturn, Curveβs transaction count also surged to 5.5 million. The platform plans to enhance crvUSD utility and simplify user experience to maintain growth.
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Crypto skeptic Peter Schiff criticized Trumpβs tariff decision, calling it "foolish," and forecasted a collapse of the crypto sector, particularly Bitcoin. He also noted that the TRUMP memecoin led the recent market downturn, falling below $8.
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An unidentified trader's position of 67,500 ETH was liquidated at the $1,650 mark, accelerating Ethereum's decline. Analyst EmberCN reports that other large positions are also on the verge of liquidation, with daily losses exceeding $1 billion.
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Tim Sweeney, Epic Games CEO, labeled a Fortnite-themed Solana meme coin a "scam," ironically causing the token to spike 2,700% before crashing again. Despite Sweeney's denial of involvement, some still speculate that he launched it as part of the Fortnite storyline.
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Arthur Hayes, former BitMEX CEO, believes Bitcoin dominance could reach 70% as altcoins decline. Heβs been accumulating BTC despite the recent dip and expects whales to continue buying. Currently, BTC dominance is at 62%, the highest since 2021.
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President Trump signed an executive order mandating full transparency of federal crypto holdings, including Bitcoin, estimated at around 200,000 BTC ($17B). The move signals a strategic shift as the government reveals its digital asset reserves, including USDT, ETH, WBTC, and BNB, potentially sparking a bullish turnaround in the crypto market.
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Solanaβs meme token platform Pump.fun reintroduces livestreaming after removing it due to antisocial behavior. The new policy bans violence, harassment, and illegal content, aiming to revive user activity amid a significant drop in daily revenue.
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Justin Sun accuses First Digital Trust of misappropriating $456 million in TrueUSD reserves and calls for tighter regulation. FDT denies the claims, calling them defamatory and threatens a countersuit, while Sun offers a $50M bounty for whistleblowers.
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Amid heightened market volatility and Trump's "Liberation Day" tariffs, Strategy reported $5.91 billion in unrealized Bitcoin losses for Q1 2025. The firm, holding 528,185 BTC, paused new purchases due to declining stock participation and market pressure.
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Standard Chartered analysts forecast XRP could hit $12.50 by the end of 2028, citing its strategic role in cross-border payments. They expect it to reach $5.50 by year-end and $10.40 by 2027, fueled by regulatory optimism and potential ETF approval.
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Bernstein analysts say Bitcoinβs dip during the April 6β7 crash was far milder than in past crises, showing growing support from institutional capital. Despite market-wide panic, BTC fell only 26% from its ATHβcompared to past 50β70% drops.
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πΊπΈ U.S. DOJ Shuts Down Crypto Investigations Unit
The U.S. Department of Justice has disbanded its crypto investigations unit in line with Trumpβs executive order aiming for regulatory clarity. Deputy AG Todd Blanche said the DOJ is "not a digital asset regulator" and will now focus on targeting investor harm, not platforms like Tornado Cash.
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The U.S. Department of Justice has disbanded its crypto investigations unit in line with Trumpβs executive order aiming for regulatory clarity. Deputy AG Todd Blanche said the DOJ is "not a digital asset regulator" and will now focus on targeting investor harm, not platforms like Tornado Cash.
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The U.S. SEC will host its first dedicated crypto trading roundtable titled βBetween a Block and a Hard Placeβ on April 11. Key figures from Uniswap, Coinbase, and the NYSE will join to discuss regulatory clarity. Three more sessions are scheduled for April 25, May 12, and June 6.
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Two men were sentenced to a combined 13 years in the UK for laundering $7.6 million via crypto, exploiting Ukraineβs war-time vehicle demand. The gang used the funds for luxury purchases, including a $1.27M London home. Authorities found over $14M in crypto linked to the scheme.
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Despite market turmoil, whales are actively rotating into Solana meme coins - dumping $TRUMP and snapping up $FARTCOIN, which saw the largest net inflows of $778K. The wallet wif.sol alone acquired 4.6M FARTCOIN after selling 10 WBTC, signaling growing conviction. Meme rallies, though irrational, are once again driven by whale games and retail nihilism as stocks crash.
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As the U.S.βChina trade war escalates, Trump remains bullish, urging Americans to βbe coolβ and see opportunity in the chaos. After imposing a record 104% tariff on Chinese imports, Beijing struck back with an 84% tariff on U.S. goods. Markets sank, crypto bled, but Trump called the tariff war a βlegendary success,β claiming countries are βbeggingβ for a deal. Despite the turmoil, he doubled down: βThe USA will be bigger and better than ever before.β
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The team behind the MELANIA meme coin reportedly transferred $30M from community funds and began offloading tokens across exchanges, according to Bubblemaps. With no public comment and 92% of supply in team-linked wallets, the token has now plunged over 96% from its peak, sparking major concerns about transparency and decentralization.
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