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An altcoin season is looking less and less likely as the reciprocal tariffs loom
China’s potential yuan devaluation in response to U.S. tariffs could reignite Bitcoin demand as investors seek refuge from economic uncertainty, as analysts point to historical trends.
Quick Take The agency approved trading options on Wednesday for the iShares Ethereum Trust as well as the Bitwise Ethereum ETF, the Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust. Eight spot Ethereum ETF was approved almost a year ago and began trading over the summer.
Quick Take In a new Congress, lawmakers are quickly working to pass both a stablecoin bill and a market structure bill. Some Democrats on Wednesday raised concerns over the Department of Justice’s move to shutter its crypto litigation division
Quick Take Griffith, known for his contributions to the Ethereum Name Service, pleaded guilty to sanctions violations in 2021 after giving a presentation titled “Blockchains for Peace” in North Korea.
Quick Take Magic Eden just made its biggest move beyond NFTs — buying Slingshot to take on centralized exchanges. The NFT marketplace will now support trading across millions of tokens.
Quick Take President Donald Trump has paused tariffs for 90 days and lowered reciprocal duties to 10% for most countries. Markets immediately bounced on the news — bitcoin reclaimed $81,000 while equities trotted higher. Analysts had said Wednesday’s FOMC minutes may spur a “dead cat bounce” and herald a potential multi-week recovery.
- 01:2921Shares submits application for Dogecoin ETF in the United StatesAccording to Bloomberg analyst Jame Seyffart, following similar applications by competitors Bitwise and Grayscale, digital asset management company 21Shares has submitted an application to the U.S. Securities and Exchange Commission, planning to launch a Dogecoin spot exchange-traded fund. The 21Shares Dogecoin ETF will attempt to track the price of memecoin Dogecoin. According to the S-1 form registration statement submitted by the company on April 9th, House of Doge under the Dogecoin Foundation plans to assist 21Shares in marketing this fund.
- 01:21A certain whale traded Bitcoin on Hyperliquid with a 40x leverage, making a floating profit of 4.27 million US dollarsAccording to Lookonchain monitoring, a certain whale went long on Bitcoin with 40x leverage on Hyperliquid, earning an unrealized profit of $4.27 million. Just 11 hours ago, he closed his short position in Ethereum on MUX and turned to go long on Bitcoin, locking in a 24-hour profit and loss of $6.16 million.
- 01:20The US spot Bitcoin ETF had a net outflow of $127.26 million yesterdayAccording to Trader T's monitoring, the net outflow of the US spot Bitcoin ETF was $127.26 million yesterday.