Jesicca

@king2024

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NFT sales drop 4.7% to $94.7m, Courtyard dethrones CryptoPunks The NFT market is feeling the impact of the broader crypto slump, with sales volume decreasing by 4.7% to $94.7 million. According to data from CryptoSlam, this is a continued downward trend from the previous week’s $102.8 million. The drop extends beyond just sales volume, with NFT buyers plummeting by 77.9% to 128,244, and NFT sellers falling by 75.2% to 85,792. NFT transactions have also declined by 6.3% to 1,441,009.

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Bitcoin in recovery, stocks edge up after a wild week in the markets The US stock market is still processing the latest events, as Trump’s tariff pause leads to recovery, while Bitcoin is back above $82,000.Major stock indices are is still recovering from the panic brought on by the escalating U.S. trade war. On April 11, the S&P 500 gained 43.75 points, up 0.83%, reaching 5,531. At the same time, the Nasdaq was at 16,555.96, up 168.65 points or 1.02%, while the Dow Jones was at 39,910, up 0.80% or 316.40 points.

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Trump signs bill revoking controversial IRS DeFi broker rule into law President Donald Trump has officially signed into law a resolution repealing the IRS DeFi Broker Rule established by the Biden administration. According to an Apr. 10 press release statement from Rep. Mike Carey (R-Ohio), who introduced the bill alongside Sen. Ted Cruz (R-Texas), the president’s signing of the bill marks a major legislative win for the crypto industry and its advocates in Congress.

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SEC says “Covered Stablecoins” not under its jurisdiction The U.S. Securities and Exchange Commission has released new commentary on stablecoins, with the agency’s Division of Corporation Finance noting that this is part of the effort to provide further regulatory clarity. SEC said in a news release that the guidance aligns with its objective of providing clarity regarding federal securities laws as related to crypto assets. In this case, the agency has zeroed in on a type of stablecoins it now calls “Covered Stablecoins.”

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Tom Emmer’s anti-CBDC bill clears US House Financial Services Committee Lawmakers in the United States have advanced a bill opposing the creation of a central bank digital currency. On April 2, the US House Financial Services Committee passed the CBDC Anti-Surveillance State Act (H.R. 1919) in a 27-22 vote.

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Crypto markets react to Trump’s Liberation Day After a brief recovery on April 1, Bitcoin and major altcoins began dipping again ahead of Liberation Day. The market started the week on a stronger note, bouncing back as traders welcomed signs that U.S. President Trump had finally landed on a trade strategy after weeks of unpredictable tariff threats. His back-and-forth stance on major trading partners had kept investors on edge, so even a hint of clarity brought some relief.

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Analysis: Bitcoin may see consolidation in April and May as selling pressure drops Bitcoin’s selling pressure has fallen sharply, suggesting a period of consolidation through April and May. On a Apr. 1 post on X, CryptoQuant analyst Axel Adler Jr. noted that daily selling volume on major exchanges has dropped from 81,000 Bitcoin Bitcoin btc 2.38% Bitcoin to 29,000 BTC. Following this decline, the asset may enter a supply shortage phase with less sellers and consistent demand, setting the stage for the next Bitcoin price movement.

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Crypto VC funding: Tabit Insurance raises $40m, Rain secures $24.50m This past week, there was an increased focus on venture capital investment in financial infrastructure services. Tabit Insurance and Rain collectively raised over $64 million for specialized financial solutions. According to Crypto Fundraising data, the total funding for the week exceeded $130 million. The data shows that more interest was shown in insurance, payments, and multi-ecosystem development across various blockchain networks.

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Bitcoin gets DeFi upgrade with Velar’s first PerpDEX launch Velar has officially launched the world’s first decentralized perpetuals exchange built natively on Bitcoin. Velar, a DeFi infrastructure platform focused on building advanced trading products and user interfaces for Bitcoin-secured assets, said its new product marks a new chapter in Bitcoin -based decentralized finance.Deployed on Stacks, a Bitcoin layer 2, the platform allows users to trade perpetual futures with leverage while maintaining full custody of their assets.

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U.S. SEC ends probe into Crypto.com exchange with no action taken Without pursuing any enforcement action, the U.S. Securities and Exchange Commission has formally concluded its investigation into Crypto.com. In a blog post on Mar. 27, the exchange revealed the news, pointing out that it had previously received a Wells notice from the SEC before suing the agency in October 2024. The lawsuit, which claimed the SEC had overstepped its authority, was later dismissed in December. The investigation has now ended with no penalties.

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Solana price slowly forms a risky pattern, signaling a crash to $100 Solana price has stalled this week after its recent recovery hit a strong resistance level at $146.9.Solana Solana sol -0.1% Solana, the sixth-biggest player in the crypto industry, was trading at $140 on Thursday, down by over 50% from its highest point this year. The recent rally ended after Donald Trump surprised markets by announcing sweeping tariffs targeting the automobile sector. These tariffs have triggered concern among market participants due to their scale and potential economic impact.

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Here’s why SHIB rallied 10% today SHIB just broke out of a weeks-long downtrend, thanks to a surge in its burn rate and growing investor interest around new developments in its ecosystem.Shiba Inu Shiba Inu shib 12.6% Shiba Inu rallied 10% to an intraday high of $0.00001485 on March 26, with its market cap seated at $8.6 billion, flipping major players like Sui Sui sui 7.19% Sui and Hedera Hedera hbar -0.97% Hedera while rising to become the 19th largest crypto asset per data from CoinGecko.

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Why is Pi Network price down despite crypto market recovery? Pi Network price has dropped below $1, now trading at $0.92 after a 4% decline in the past day despite a broader crypto market recovery.Pi continues to struggle, down more than 65% from its earlier peak of $3 this year. The growing supply pressure is one of the main causes of this decline. According to data from Pi Scan, nearly 99.3 million Pi Pi Network pi -4.12% Pi Network tokens, worth approximately $91 million at Mar. 25 prices, are scheduled to be unlocked over the following 30 days.

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Interview | Themes ETFs exec on new 2X Coinbase fund: ‘We believe as the Bitcoin tide rises, it will lift all crypto boats’ My parents once dismissed Bitcoin as “made-up internet money”, yet they are increasingly asking me how to gain exposure to the digital currency. The launch this week of a 2x long Coinbase ETF is the latest example of how Wall Street recognizes demand from traditional equity investors. Owning crypto outright is out of the question for my parents and is likely the case for many others. But, investors are hungry for exposure from Wall Street. In 2022 I recommended buying the first ever Bitcoin ETF (Purpose Bitcoin ETF) and in mid-2024 I suggested buying shares of Robinhood.

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Ethereum price on the brisk as Hyperliquid trader makes $86m profit Ethereum’s price has crashed more than 53% from its 2024 high, wiping out $255 billion in market value as its market cap fell from $482 billion to $227 billion.

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Here’s why the Toncoin price surge may be short-lived Toncoin price has risen by 45% from its lowest level this month after Pavel Durov was allowed to leave France after months. Toncoin Toncoin ton 0.67% Toncoin rose to a high of $3.6240 on Saturday, its highest level since Feb. 24, bringing its market cap to over $8.4 billion.

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GENIUS Act to set stablecoin rules, Circle celebrates: Is Tether’s compliance headache just beginning? Will the GENIUS Act push stablecoins into mainstream finance, or will Tether struggle to meet transparency and reserve requirements under the new U.S. regulatory framework?crypto.news TR

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NFT sales slip 7.8% to $109m, CryptoPunks sales reverse 55% The NFT market has pulled back alongside deepening crypto weakness, with Bitcoin falling to $83,000 and Ethereum dropping to $1,900. The overall crypto market cap has shrunk further to $2.73 trillion from last week’s $2.83 trillion. Non-fungible token sales volume has decreased to $109.2 million, according to CryptoSlam data. That’s a 7.84% decline from the previous week. However, market participation metrics tell a very different story, with buyer and seller numbers surging dramatically.

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Mt. Gox transfers $931M in BTC to unknown addresses amid market uncertainty Mt. Gox, the defunct crypto exchange, has transferred 11,833.6 Bitcoin, worth approximately $931 million, to new addresses, sparking fears of potential sell-offs. According to on-chain data from Arkham Intelligence, the Bitcoin transfers, which took place on Mar. 11, saw 11,501.58 Bitcoin Bitcoin btc -2.22% Bitcoin (~$905 million) moved to an unidentified wallet, while 332 BTC (~$26.1 million) was transferred to a warm wallet. This follows a string of recent actions by Mt. Gox, such as the transfer of more than $1 billion in Bitcoin to a wallet with the name “1Mo1n” on Mar. 6. Today’s transactions were made by that wallet, which is now recognized as an official Mt. Gox address. Mt. Gox still holds about 35,915 Bitcoin, which is worth about $2.85 billion.

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Trump-backed World Liberty Financial’s portfolio down $110M in unrealized losses World Liberty Financial, the cryptocurrency investment platform backed by U.S. President Donald Trump, has seen its portfolio drop by $110 million in unrealized losses. According to data from Arkham Intelligence, WLFI’s investment of $336 million across nine cryptocurrencies is now worth approximately $226 million. Of the portfolio’s losses, Ethereum Ethereum eth -2.75% Ethereum is responsible for 65%. Ethereum is trading at around $2,000 as at Mar. 10, meaning that WLFI, which bought it at an average price of $3,240, is down an estimated $80.85 million, or almost 37% of its total investment. Tron TRON trx -2.51% TRON has proven to be the most resilient of WLFI’s holdings, down just 5%. The portfolio’s other holdings, which have all contributed to the WLFI’s losses, include tokens such as stETH ($10.27M), WHITE ($5.87M), Movement Movement move -13.06% Movement ($3.5M), and Ondo (ONDO) ($296,000).

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