According to Cryptonews, Russian social media giant VK announced that it will close its NFT market "VK NFT Hub" on April 15 due to continued financial losses. VK's net loss in 2024 reached 94.9 billion rubles (about 1.1 billion US dollars), nearly three times that of 2023. The company recommends that users migrate NFTs to external wallets before closing, otherwise they will lose access.
According to the official announcement of Coinbase, due to the failure to meet the listing standards in the regular review, Coinbase will suspend the trading of Gemini Dollar (GUSD) and GYEN from 14:00 Eastern Time on May 7 (2:00 am Beijing Time on May 8). The relevant trading pairs have entered the limit order mode. Users can place orders and cancel orders, and the system may still match transactions. The adjustment applies to all trading services on the Coinbase platform.
According to Bloomberg, Teucrium Investment Advisors launched the first leveraged ETF linked to the cryptocurrency XRP, the "Teucrium 2x Long Daily XRP ETF", with the code XXRP and an expense ratio of 1.85%, which was listed in the United States today. The ETF aims to provide a double return on XRP every day, and the issuance time is close to the US SEC's withdrawal of the lawsuit against Ripple. According to Bloomberg ETF analyst Eric Balchunas, this situation is extremely rare in the history of ETFs. Although the spot XRP ETF has not yet been approved, its possibility of approval is currently considered high by the industry.
According to Whale Alert monitoring, USDC Treasury destroyed approximately 50 million USDC on the Ethereum chain at 00:14, 00:43 and 5:13 Beijing time this morning, destroying a total of approximately US$150 million worth of USDC.
The Trump family's crypto project World Liberty Financial has released a governance proposal, planning to airdrop a small amount of stablecoin USD1 to all $WLFI holders through the on-chain system to test its airdrop function and thank early supporters. The airdrop will be carried out on the Ethereum mainnet, and the specific amount will be determined based on the number of eligible wallets and budget. The company reserves the right to adjust or terminate the airdrop at any time.
Galaxy Digital announced that it has obtained approval from the U.S. Securities and Exchange Commission (SEC) for its S-4 registration statement, marking the critical stage of its relocation from the Cayman Islands to Delaware, and its planned listing on Nasdaq. The company will hold a special shareholders meeting at 22:00 Beijing time on May 9 to discuss the restructuring. The restructuring is expected to be completed in mid-May, and then it will be listed on Nasdaq with the stock code "GLXY". Currently, Galaxy Digital is listed on the Toronto Stock Exchange.
According to the SEC's official website, the U.S. Securities and Exchange Commission (SEC) Crypto Task Force will hold a public roundtable entitled "Between Blockchain and Dilemma: Tailoring Regulation for Crypto Trading" at its Washington headquarters from 13:00-17:00 Eastern Time on April 11 (1:00-5:00 Beijing Time on April 12), and will broadcast it online. The meeting will be hosted by Nicholas Losurdo, partner of Goodwin Procter, and participating guests will include executives and experts from Uniswap Labs, Coinbase, NYSE and other institutions. SEC Commissioner Hester Peirce said that this series of meetings aims to promote the clarification of crypto regulation.
According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in May is 43%, and the probability of a 25 basis point rate cut is 57%. The probability of the Fed keeping interest rates unchanged in June is 20.4, the probability of a cumulative 25 basis point rate cut is 49.7%, and the probability of a cumulative 50 basis point rate cut is 29.9%.
According to official news, Bitget has released an innovative product, Onchain, which aims to seamlessly connect centralized exchanges (CEX) and decentralized exchanges (DEX) to provide users with a more convenient, efficient and secure on-chain trading experience. Users can directly use the spot account (USDT/USDC) in the Bitget App to trade popular assets on the chain without switching wallets or manually crossing chains, which effectively simplifies the operation process and the entire transaction process can be completed in about 3-10 seconds. At present, Onchain already supports popular public chains such as Solana (SOL), BNB Smart Chain (BSC) and Base. In order to encourage users to experience Onchain, a rebate incentive mechanism is launched simultaneously, and 40% rebate rewards can be enjoyed for inviting transactions. Onchain has implemented a "non-sensing Gas" mechanism, significantly reducing the threshold and cost of on-chain transactions, and comprehensively optimizing the user experience. At the same time, the platform relies on AI algorithms to analyze massive on-chain data and user behavior models, intelligently screen potential tokens, and help users more efficiently discover high-quality assets and improve transaction decision-making efficiency. All transactions are completed under an exchange-level security system. Users do not need to manage their own private keys and can safely trade popular assets on the chain under high-level asset protection.
According to monitoring by The Data Nerd, 6 hours ago, a wallet with an address starting with 0x770 (belonging to Spartan Group) deposited 3,500 ETH (about 5.22 million US dollars) into Binance and Coinbase.
According to CNBC, the U.S. stock market was hit hard for the third consecutive day on Monday, as Trump's shockingly high tariffs on most of the United States' major trading partners caused the market to collapse, but the White House remained indifferent. Shortly after the opening, the stock market rebounded briefly, and the Dow Jones Industrial Average entered a positive range. Speculation about some form of tariff suspension circulated on trading floors and social media, which may have contributed to the stock market's temporary turn higher. The White House told CNBC that any talk of a 90-day suspension (tariffs) was "fake news."
According to Forexlive, a headline about what the director of the National Economic Council, Hassett, said, made some major moves in the market. The report said, "US President Trump is considering suspending tariffs on some countries for 90 days." Within minutes, the news was everywhere, but it looked like fake news. People quoted CNBC because they talked about the rumor, but they didn't report it. Some people said it was ABC News, but that also looked fake. The huge buying in the US stock market was reversed.
According to Jinshi, European Commission Vice President Šefčović said that the EU will impose the first batch of tariffs on US imports from April 15 and the second batch of tariffs from May 15. The EU is imposing tariffs on the United States in response to the Trump administration's decision to impose tariffs on steel, aluminum and automobiles, and a 20% uniform tariff on other goods. In addition, the EU will set up an import monitoring task force to monitor the possible diversion of goods caused by US tariffs. "This is a major turning point for the United States," said European Commission President von der Leyen. "Nevertheless, we are ready to negotiate with the United States at any time."
According to Decrypt, cybersecurity experts recently discovered a double malware attack targeting users inside and outside the cryptocurrency industry. In its latest report, cyber intelligence company Silent Push revealed a malicious activity called PoisonSeed, which first forged the login pages of bulk email service providers such as Mailchimp and SendGrid to steal user credentials. The attacker sent a fake email, claiming that the user's account was restricted, tricking them into logging into a high-imitation website. After entering the credentials, the attacker quickly and automatically exported the email subscription list. Subsequently, the attacker used the stolen subscription list to impersonate Coinbase to send phishing emails to the victim's contacts, saying that the exchange was "transitioning to a self-hosted wallet" and attached a 12-word mnemonic phrase to trick users into importing their wallets, but in fact let the hackers control their assets. Troy Hunt, regional director of Microsoft, was attacked due to jet lag fatigue. Although he changed his password in time, the subscription list of 56,000 users had been stolen. Hunt later said: "This phishing email is cleverly designed. It uses the fear of 'unable to send press releases' to create a sense of urgency, but does not exaggerate the threat, making it difficult to defend against." Although PoisonSeed uses a similar domain name to the Scattered Spider and CryptoChameleon organizations that have targeted Coinbase and Ledger users, Silent Push believes that there are independent attackers behind it.
White House trade adviser Peter Navarro, one of the most vocal supporters of Trump's tariffs, downplayed fears of a recession, according to Jinshi. "What I would say to retail investors is, don't get spooked by all this," Navarro said, referring to the recent market turmoil. "The biggest tax cut in American history, the most extensive tax cut in American history, is coming in a few months, so when you take that into account, any talk of a recession is just silly," he said in an interview with CNBC.
According to CoinDesk, the yield-based stablecoin protocol Cap announced on Monday that it has raised $11 million in funding from well-known financial institutions such as Franklin Templeton and Triton Capital. The total funds were announced at the end of a recent $8 million seed round of financing and will be used to develop Cap's stablecoin engine, which is scheduled to go live later this year. Previously, Cap had raised $3 million in the previous round of financing. According to the statement, Cap will provide users with a way to earn additional income through re-staking protocols such as EigenLayer. According to reports, Cap's system is designed to enable users to earn passive interest or income based on these tokens.
According to market sources, Pakistan appointed Changpeng Zhao as a cryptocurrency strategic advisor.
According to Jinshi, amid the backdrop of a sharp market sell-off, cryptocurrency stocks fell in pre-market trading as Bitcoin prices declined, with the iShares Bitcoin Trust falling 8.1% and the iShares Ethereum Trust falling 16.1%.
Glassnode published an analysis on the X platform saying that at present, Bitcoin seems to have found support at $74,000. The holding cost of about 50,000 BTC is concentrated at $74,200. On-chain data shows that this part of the holdings is mainly held by investors who have been active in the past 5 months. They steadily increased the holding cost until March 10, and have remained idle since then. From here, the decline may slow down slightly-between $74,000 and $70,000, a total of about 175,000 BTC are in the holding cost cluster. The largest single level in this range is $71,600, holding about 41,000 $BTC. The next more solid support level is $69,900, where about 68,000 BTC are held. The $69,000 range coincides with the -1 standard deviation of the cost basis of short-term holders, which was defined by Glassnode analysts in January as the lower edge of short-term price fluctuations in the bull market.
Bitfinex Alpha said in its latest report that following last week's relatively resilient performance of Bitcoin, which fell only 0.65% for the week, almost flat, far outperforming traditional risk assets, it is clear that this is merely a delayed downside reaction. Although the BTC/S&P 500 ratio has soared to just 5% of its all-time high, showing strong relative strength, the market has now sold off. We believe that stocks are becoming deeply oversold, and a rebound in the short term may narrow this gap in the medium term. However, short-term financing and open interest trends also suggest that Bitcoin is about to fluctuate. Nevertheless, structurally, the foundation for outperformance in the late second quarter seems to be forming. As macro volatility cools, ETF inflows resume, and the sovereign narrative re-emerges, Bitcoin may further decouple from stocks and regain its leadership position as a global risk asset. In addition, although the Fed remains cautious amid uncertainty about inflation dynamics, the overall situation suggests that trade policy rather than monetary policy may be a greater risk to economic momentum in the coming quarters.
According to Jinshi, Hassett, director of the U.S. National Economic Council, said that more than 50 countries are negotiating on tariffs, and it is time to moderate the rhetoric. U.S. President Trump is doubling down on strategies he knows work, and if trading partners offer truly quality deals, U.S. President Trump will listen to them. Trump will decide whether the trade deal is superior enough. Trump talked with world leaders over the weekend.
According to Jinshi.com, MicroStrategy (now Strategy) (MSTR.O) disclosed that its outstanding debt was US$8.22 billion as of March 31.
According to Jinshi.com, MicroStrategy (now Strategy) (MSTR.O) disclosed that the unrealized loss of digital assets in the first quarter was US$5.91 billion; our Bitcoin strategy exposes us to multiple risks. (Jinshi.com Data APP)
According to the Form 8-K filed by MicroStrategy (Strategy), the company did not sell any Class A common stock or perpetual convertible preferred stock under its market price issuance plan, nor did it purchase any Bitcoin between March 31, 2025 and April 6, 2025. As of April 6, it held 528,185 Bitcoins, with a total purchase price of US$35.63 billion and an average purchase price of US$67,458.
According to CNBC, Janover, a US listed company, said on Monday that it had raised $42 million by issuing convertible notes and warrants to multiple investors including Pantera Capital, Kraken, Arrington Capital, etc. The funds will be used to purchase SOL as a financial reserve. Janover may be the first company in the United States to adopt an acquisition strategy for Solana. The company intends to change its name to DeFi Development Corporation and modify its stock code. Joseph Onorati, the company's newly appointed chairman and CEO, revealed that his team plans to start increasing its holdings of SOL "immediately". Janover also plans to acquire validators (computers that help run the Solana network and verify transactions), which can be used not only to acquire SOL tokens, but also to "stake" them, that is, to earn rewards by locking SOL tokens on the network. Earlier in December last year, it was reported that Janover, a US listed company, would begin accepting Bitcoin as a payment method for products and consider using it for financial reserves.
According to Cointelegraph, the Mantra blockchain network has launched a $108,888,888 Mantra Ecosystem Fund (MEF) to accelerate the development of startups focused on real-world asset (RWA) tokenization and decentralized finance (DeFi). Mantra said it will look for investment opportunities through its partner network over the next four years to deploy funds to "high-potential blockchain projects" around the world. The fund's supporters include many institutional partners such as Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital and Amber Group. Mantra CEO John Patrick Mullin said the fund will have an "open policy, welcoming projects at any stage of development around the world, with a particular focus on the RWA and DeFi fields."
According to Jinshi, futures tied to the S&P 500 index fell further on Monday, falling more than 20% from its all-time high, and the most watched benchmark index in the U.S. stock market is about to confirm a bear market. Dow Jones Industrial Average futures are also down 20% from their all-time highs, while the Nasdaq index was confirmed to be in a bear market last week as concerns about a recession hit global stock markets after Trump's comprehensive tariffs. According to a widely used definition, if an index closes more than 20% below its historical closing high, the index is confirmed to have entered a bear market. The last time the S&P 500 confirmed that it was in a bear market area was in June 2022, when investors were concerned about whether the Federal Reserve could curb post-epidemic inflation without triggering a recession. Bear markets usually lead to recessions and last until investors believe that the worst of the recession is over. Data from investment research firm CFRA shows that nine of the 12 bear markets since 1948 have been accompanied by recessions.
According to Bitcoin.com, Jack Dorsey, CEO of Bitcoin technology company Block, said in the "21 in 21" podcast of Presidio Bitcoin that Bitcoin may fail despite its development to this day because it may lose the relevance of solving the problems it was originally designed for. Dorsey believes that if Bitcoin wants to remain important in daily life, it must become a means of payment, otherwise people will only think of it in emergencies or cash out. He emphasized that payment is a key factor in promoting Bitcoin adoption and avoiding its failure. Bitcoin supporters need to create a simple and easy-to-use payment experience, achieve scale and speed, and compete with Visa and Mastercard networks. In addition, Dorsey also criticized Bitcoin's Lightning Network, a Layer2 protocol for microtransactions that has its value but challenges. He called for an openness to Bitcoin, the introduction of more complementary protocols, and a focus on ease of use and practicality. In his view, the development of Bitcoin in the field of payment is crucial. Only by becoming a daily means of payment can it avoid failure due to loss of relevance. Payment may become a key turning point in the future development of Bitcoin.
According to Fortune, new documents required by investment advisors to file under the U.S. Securities and Exchange Commission (SEC) regulations show the size of assets under management (AUM) of each company. From 2023 to 2024, according to the financial disclosure data of the six largest crypto venture capital companies: Electric Capital, Pantera Capital, Haun Ventures, Multicoin Capital, Polychain Capital and Paradigm. Their AUMs all increased by more than 10%, with Electric and Multicoin both increasing by more than 50%.
According to Jinshi, Trump said on social media that oil prices have fallen, interest rates have fallen (the slow-moving Federal Reserve should cut interest rates!), food prices have fallen, there is no inflation, and the long-suffering United States is receiving billions of dollars in tariffs every week from countries that have hurt the United States, and these tariffs are already in place.
According to OnchainLens, a whale established an ETH long position with a principal of US$4.52 million and a leverage of 20 times. After holding the position for 3 hours, it closed the position and finally made a profit of US$1.87 million.
According to Jinshi, with no signs that Trump will back down on tariffs, expectations for an emergency rate cut by the Federal Reserve are rising. Swaps show that the probability of a 25 basis point rate cut by the Federal Reserve next week is about 40%, well before the Fed's interest rate decision scheduled for May 7. At the same time, investors have sold off risk and rushed to buy bonds, causing yields to plummet. On Monday, the yield on the two-year U.S. Treasury bond, which is most sensitive to monetary policy, fell 22 basis points to 3.43%. Since Trump announced the tariffs, the yield on the two-year U.S. Treasury bond has fallen by about 50 basis points in total.
As crypto markets began to pull back days after traditional financial markets reacted to President Trump's tariff policy, Bitcoin plunged to a five-month low of $74,500, a one-third drop from its all-time high on January 20, CoinDesk reported. The decline left Strategy's (MSTR) Bitcoin investment strategy slightly profitable. The company holds Bitcoin at a total cost of $35.6 billion, and currently has an unrealized profit of about 10%, which means that its BTC investment has a floating profit of about $3.9 billion. Strategy currently holds 528,185 BTC, worth $39.5 billion, with an average cost of $67,458 per coin. As of April 2, Japanese listed company Metaplanet disclosed that it held 4,206 BTC, with an average purchase price of 12,925,027 yen ($88,800) per coin. The company's Bitcoin investment currently has a floating loss of about 15%. Its stock price plummeted 20% on Monday alone, reflecting the huge pressure brought by the downward market. Semler Scientific (SMLR) also suffered losses on its Bitcoin holdings, with an average purchase cost of $87,854 per coin, according to the latest filing in February. Since the beginning of this year, Bitcoin has fallen 20%, Semler's stock price has fallen 38%, Metaplanet's stock price has fallen 15%, and Strategy's stock price has fallen 2%.
Arthur Hayes, co-founder of BitMEX, wrote on the X platform: "I have been buying Bitcoin all day and will continue to buy. Although altcoins have fallen into our sniping zone, I think Bitcoin's share will continue to soar to 70%. So we will not buy a lot of altcoins. Remember, the only solution for the United States is to print money."
According to DL News, Bitcoin has fallen 10% in the past 24 hours, trading just below $74,700, as US President Trump's trade war continues to hit global markets. Geoff Kendrick, head of digital asset research at Standard Chartered Bank, warned: "The trend of cryptocurrencies on Sunday often predicts the performance of the stock market on Monday. If the pattern is fulfilled, today's opening will be very tragic." Last Friday, the Nasdaq 100 Index plunged 5%, and the Dow Jones Industrial Average plunged more than 2,200 points. Jim Cramer, host of CNBC's "Mad Money", directly pointed out that this was a "man-made devastating crash", and its trend was strikingly similar to the first three days of "Black Monday" in 1987. Despite the market's tragic situation, Kendrick believes that Bitcoin will benefit in the long run. He expects Bitcoin to soon return to the $84,000 level last Friday, and prove that although it is not "digital gold", it still has the function of hedging in times of market turmoil. Kendrick emphasized in the report: "Bitcoin will become a tariff risk hedging tool in this round of trade war. The United States' isolationist policies increase the risks of holding fiat currencies, which will ultimately benefit Bitcoin."
fAccording to @SigmaSquared, the GMX v1 platform recently liquidated an old BTC position, generating more than $13 million in fees, including borrowing fees. It is reported that 30% of this fee will be used to repurchase GMX tokens. In addition, he mentioned that a $4 million TWAP (time-weighted average price order) is acting on a token with a market value of $100 million.
