🗞️ Latest Crypto Updates — April 4, 2025

1️⃣ PsyFi Shutting Down by May 1
🔻 Solana-based financial tool provider PsyFi to cease all services (frontend & backend) by May 1, 2025.
🚨 Platform now in withdrawal-only mode — users urged to withdraw funds ASAP.
🧠 Smart contract access may remain later.

2️⃣ Magic Eden Launches Cross-Chain Swaps
🚀 Magic Eden rolls out a web-based cross-chain swap, now supporting Solana, Bitcoin, Ethereum, Base.
🛠️ More EVM chains coming soon!

3️⃣ Coinbase Applies for XRP Futures
📈 Coinbase Derivatives filed with CFTC to launch XRP futures, with trading expected April 21.

4️⃣ Illinois Drops Coinbase Staking Suit
⚖️ Illinois becomes 4th state (after KY, VT, SC) to drop lawsuit against Coinbase staking services.

5️⃣ Whale Dumps 17.17M IMX
🐋 After SEC ended its Immutable probe, a whale sold 17.17M IMX (~$9.67M), moving funds from FalconX to Binance.