Cryptocurrency Market Faces Tough Q1 2025: Potential Recovery in Q2
The challenging start to the year for crypto assets resulted in a significant decline, with widespread liquidations in derivatives markets and weakening investor confidence. Ethereum's performance in Q1 was one of its worst since 2018, highlighting the market's struggles. While Bitcoin's losses were less severe, the overall sentiment in Q1 was bearish, with both major cryptocurrencies contributing to the downturn. The poor market performance led to many traders exiting, reducing liquidity as investors withdrew from high-risk assets, highlighting the challenges for the market in Q2. Despite the difficulties in Q1, there is growing optimism for a potential recovery in Q2, with expectations of important decisions by the U.S. SEC on spot crypto ETF applications and potential interest rate cuts by the Federal Reserve, which could attract more institutional investment and support the performance of risk-on assets like cryptocurrencies.
2025-04-02 10:03:37
Data: The probability of "Circle will IPO in 2025" on Polymarket has risen to 96%
probability of "Circle's IPO in 2025" on Polymarket has reached 96%, with a total trading volume exceeding $680,000.
2025-04-02 10:03:36
Trump will unlock 40 million tokens on April 18, equivalent to about $413.2 million
according to Token.Unlock data, TRUMP will unlock 40 million tokens on April 18, accounting for 20% of the circulation, worth approximately $4.132 billion.
2025-04-02 10:03:34
Eric Trump says bank bans and boycott culture have prompted his family to continue investing in the crypto industry
Eric Trump, the second son of the US president, revealed in an interview on Fox Business Channel that three factors - "sovereignty, bank censorship, and resistance culture" - are driving his family to continue to increase their investment in the cryptocurrency industry. Eric Trump discussed the "weaponization" of banks against the Trump family on Tuesday, saying, "There is no reason for every bank to unilaterally cancel business with us just because my father was involved in politics. I never thought I would get involved in the cryptocurrency field until they viciously targeted us. It was only then that I realized the importance of cryptocurrency."
2025-04-02 10:03:33
White House: Trump will speak in the Rose Garden at 4 p.m. Wednesday
White House: Trump will deliver a speech in the Rose Garden at 4 pm on Wednesday.
2025-04-02 09:04:17
The U.S. Department of Justice seeks the death penalty for Luigi, who is suspected of murdering UnitedHealth CEO, causing a sharp fluctuation in the price of related Meme coins
US Department of Justice is seeking the death penalty for the suspect Luigi Nicholas Mangione, who is accused of murdering UnitedHealth (UNH.N) CEO. After the news was released, the price of the related Meme coin of Luigi Nicholas Mangione fluctuated significantly in the short term.
2025-04-02 09:04:14
Sam Altman says OpenAI is facing a computing bottleneck and the release of the new version will be delayed
OpenAI CEO Sam Altman posted on X platform, stating that the company is currently facing serious GPU computing power pressure, which may lead to delays in the release of new versions, occasional service interruptions, or slowdowns. He called on those with GPU resources at the 100,000 level to contact them as soon as possible, as the team is working hard to solve the problem.
2025-04-02 09:04:13
Major Hack Hits UPCX (UPC) Altcoin, $70 Million Stolen
Security experts have discovered that malicious actors took control of the address 0x4C….3583E, modified the ‘ProxyAdmin’ contract, and carried out the ‘withdrawByAdmin’ function. This led to the movement of around $70 million worth of 18.4 million UPC tokens from three different management wallets to the address 0xFf7….334, where the stolen funds currently reside. The attackers have not yet converted the stolen tokens into other cryptocurrencies. In response to the incident, UPCX developers confirmed the unauthorized activity and temporarily halted deposits and withdrawals, ensuring users that their assets were secure. The development team is actively investigating the situation and plans to provide an update soon. Following the hack, UPCX experienced a decrease in value, losing about 5% of its total worth. The altcoin, traded on major exchanges like Bitget, MEXC, and Gate.io, now has a market cap of $337 million.
2025-04-02 09:04:11
Grayscale Files to List Diverse Crypto ETF Holding Bitcoin, Ether, Solana, XRP, and Cardano
Grayscale, an asset manager, has filed for the listing of an exchange-traded fund (ETF) that holds a diverse range of spot cryptocurrencies, as shown in US regulatory filings. The filing was submitted to the US Securities and Exchange Commission (SEC) on April 1, as part of the process to convert the non-listed fund into an ETF. The Grayscale Digital Large Cap Fund, established in 2018 but not yet traded on exchanges, includes a crypto index portfolio with Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), and Cardano (ADA). With over $600 million in assets under management (AUM) as of April 1, the fund is currently only accessible to accredited investors, according to information on Grayscale's website. This filing comes after NYSE Arca's request on Oct. 29 to list the Grayscale index fund, which holds a variety of digital assets.
2025-04-02 09:04:10
PIMCO: The Federal Reserve is expected to cut interest rates by 50 basis points once this year
Pacific Investment Management Company (PIMCO) expects the Federal Reserve to cut interest rates by another 50 basis points later this year. They believe the Federal Reserve is facing a challenging environment, with rising inflation and the risk of economic slowdown posing conflicting effects on the bank's goal of achieving "price stability and full employment."
2025-04-02 09:04:09
Crypto Stocks and Assets See Steep Losses in Q1
During the first quarter of 2025, the stock of the exchange (COIN) plummeted by 30%, reflecting the broader struggles in the crypto market. According to Bloomberg, other prominent crypto-related stocks such as Galaxy Digital, Riot Blockchain, and Core Scientific have also experienced significant declines. The downturn in the broader cryptocurrency market has been attributed to various macroeconomic factors, including uncertainty surrounding the U.S. economy and concerns about trade wars. Despite the market challenges, some crypto firms like MicroStrategy have shown resilience, with CEO Michael Saylor leading the company to remain profitable due to its substantial Bitcoin holdings. Analysts are closely monitoring how macroeconomic factors will continue to impact the digital asset landscape.
2025-04-02 09:04:07
White House Press Secretary Levitt: Reciprocal tariffs will take effect immediately after announcement
White House press secretary Levitt: reciprocal tariffs will take effect immediately after announcement.
2025-04-02 09:04:06
Trump responds to Musk's term in the government efficiency department is about to expire: I will try to keep him
According to the Congressional Mountain News, Musk, as CEO of Tesla and SpaceX, is a special government employee, which means he can only work 130 days in the Department of Government Efficiency (DOGE). President Trump said he expects Musk to eventually return to running his own company after completing federal government reform work, but he will try to keep Musk. I think he is outstanding, but he also has a big company to manage. At some point, he will go back. He wants to go back. I will try to keep him. He is a very talented person.
2025-04-01 19:03:44
White House aides have drafted proposals to impose tariffs of about 20% on at least most goods imported into the U.S.
according to The Washington Post, White House aides have drafted a proposal to impose tariffs of about 20% on most goods imported into the United States.
2025-04-01 19:03:43
A trader paid more than $1 million to buy a put option expiring on April 25
a large Bitcoin options trade appeared on the Deribit exchange recently, with the trader paying over $1 million to purchase 1180 put options with a strike price of $70,000, expiring on April 25th.
2025-04-01 19:03:41
U.S. stock index futures turned down, possibly due to tariff expectations
US stock index futures turned lower, with S&P 500 index futures down 0.23%, Nasdaq futures down 0.17%, and Dow futures down 0.31%. It is reported that the White House plans to impose a 20% tariff on most goods imported into the US. (Jinshi)
2025-04-01 19:03:40
A whale deposited $5 million worth of AAVE into the FalconX wallet
according to Onchain Lens monitoring, a whale address deposited 30,001 AAVE tokens into the FalconX wallet one hour ago, worth about $5 million, with a profit of $11.81 million. The whale had previously withdrawn 164,111 AAVE tokens (worth about $15.57 million) from several centralized exchanges. So far, the whale has sent 126,686 AAVE tokens (worth about $21.06 million) to FalconX and Galaxy Digital, and still holds 37,425 AAVE tokens, worth about $6.32 million.
2025-04-01 19:03:38
Binance Megadrop will list KernelDAO (KERNEL)
Binance announced KernelDAO (KERNEL) as the fourth project on its Megadrop platform. KernelDAO is a re-staking protocol that supports Kernel, Kelp, and Gain. The total supply of KERNEL tokens is 1 billion, with 40 million tokens (4% of the total supply) being distributed as Megadrop rewards, and another 40 million tokens being gradually used for other marketing activities after 6 months of spot trading. The initial circulating supply at launch is 162,317,496 tokens (16.23% of the total supply).
2025-04-01 18:01:10
PumpFun allegedly sold 65,284 SOLs, worth about $8.22 million
according to Lookonchain monitoring, PumpFun deposited 65,284 SOL coins into Kraken, worth approximately $8.22 million.
2025-04-01 18:01:09
Eurozone unemployment rate hits record low of 6.1% in February
Eurozone CPI year-on-year preliminary value for March is 2.2%, expected 2.2%, previous value 2.30%. Eurozone CPI month-on-month preliminary value for March is 0.6%, expected 0.6%, previous value 0.40%. Eurozone unemployment rate for February is 6.1%, at a record low. Expected 6.2%, previous value 6.20%.
2025-04-01 18:01:07