Elon Musk Clarifies No Plans for the Government to Use Dogecoin

Elon Musk has clarified that the Department of Government Efficiency (DOGE) has no plans to integrate Dogecoin, the cryptocurrency, into its operations. Despite sharing an acronym with the digital currency, DOGE is focused on streamlining government processes and is not associated with Dogecoin. Musk emphasized that any reports suggesting governmental adoption of Dogecoin are inaccurate.

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Fidelity Analyst: Bitcoin Pullback Magnitude Aligns with Past Acceleration Phases, Still Potential for "Initiating Second Leg of Major Uptrend"

According to Cointelegraph, Fidelity Digital Assets questioned the viewpoint that "Bitcoin has already reached its cycle high" in its latest report, suggesting that Bitcoin may be on the eve of the next "acceleration phase."

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A Brazilian court has approved the use of NFTs to serve subpoenas in the BWA Brazil bankruptcy case, one of the country’s largest crypto frauds.

BWA is accused of defrauding investors of 11,200 BTC, worth approximately $900m, with the ruling targeting unidentified defendants via their Bitcoin wallets.

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🟠 Stablecoin issuer Tether buys 8,888 Bitcoin worth $735 million as per on-chain data.

They now hold over 100,000 BTC 🙌

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🗞 April 1, 2025 cryptocurrency news highlights

【Cryptocurrency】
⚖️ The STABLE Act, introduced by Reps. Steil and Hill on March 26, 2025, aims to regulate dollar-backed stablecoins with a focus on transparency. It’s aligning with the Senate’s GENIUS Act, which sets a dual federal-state oversight model for issuers. Minor differences remain on international issuers and state oversight, with SEC and CFTC input. Stablecoins, valued at $162 billion, are under increasing regulatory focus.

【Economy】
A Brazilian court has approved the use of NFTs to serve subpoenas in the BWA Brazil bankruptcy case, one of the country’s largest crypto frauds.

【Indicators】
🟠 Stablecoin issuer Tether buys 8,888 Bitcoin worth $735 million as per on-chain data.

【More】
Elon Musk Clarifies No Plans for the Government to Use Dogecoin

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Tether added 8,888 BTC in Q1, now holding 92,646 BTC ($8B) under its 15% profit allocation strategy—6th-largest wallet with $3.86B in unrealized gains.🚀

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BlackRock has officially registered with the UK’s Financial Conduct Authority (FCA) as a crypto asset firm. 🇬🇧✍️

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⛏ Trump-Backed Bitcoin Mining Firm Plans to Go Public

American Bitcoin Corp., backed by the Trump family, plans to go public and may seek private investment. The firm, co-founded by Eric Trump, aims to become a major player in Bitcoin mining.

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TRUMP is set to unlock 40 million tokens on April 18th, accounting for 20% of the circulation supply, with a total value of approximately $413.2 million.📣‼️

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If Bitcoin falls below $84,000, the cumulative long liquidation intensity of mainstream CEXs will reach 8.62 billion. On the contrary, if Bitcoin surpasses $86,000, the cumulative short liquidation intensity of mainstream CEXs will reach 6.65 billion.💰🕯

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Binance has announced the launch of a Seed Program to nurture cryptocurrency talent through full-time positions and an accelerator project.

Binance officially announced the launch of the Binance Seed Program to nurture cryptocurrency talent through full-time positions and accelerator projects, including:
The "Pioneer Talent Program" provides full-time positions and customized training for early-career professionals with up to 5 years of experience;
The "Binance Accelerator Program" offers 3 to 6-month fixed-term projects for students and graduates.

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Indian Publicly Listed Company Jerking's Board Approves Fundraising for Bitcoin Purchase

According to Bitcoin Magazine, the board of directors of Indian publicly listed company Jerking has approved raising funds to purchase Bitcoin.

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President Donald Trump's second son, Eric Trump, says he turned to crypto after multiple U.S. banks—including JPMorgan, Bank of America, Capital One, TD Bank, and First Republic—closed family accounts.

He announced they are jointly launching American Bitcoin with Hut 8 Mining, aiming to become the largest Bitcoin miner and build a Bitcoin reserve.

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🗞 April 2, 2025 cryptocurrency news highlights

【Cryptocurrency】
Binance has announced the launch of a Seed Program to nurture cryptocurrency talent through full-time positions and an accelerator project.

【Economy】
President Donald Trump's second son, Eric Trump, says he turned to crypto after multiple U.S. banks—including JPMorgan, Bank of America, Capital One, TD Bank, and First Republic—closed family accounts.

【Indicators】
If Bitcoin falls below $84,000, the cumulative long liquidation intensity of mainstream CEXs will reach 8.62 billion. On the contrary, if Bitcoin surpasses $86,000, the cumulative short liquidation intensity of mainstream CEXs will reach 6.65 billion.💰

【More】
BlackRock has officially registered with the UK’s Financial Conduct Authority (FCA) as a crypto asset firm. 🇬🇧✍️

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🚨 Trump Announces 10% Tariffs on All Imports, Higher Rates for Certain Countries

U.S. President Donald Trump has announced a 10% universal tariff on all imported goods. However, some countries will face significantly higher rates:

🇻🇳 Vietnam – 46%
🇬🇧 UK – 10%
🇨🇭 Switzerland – 31%
🇰🇭 Cambodia – 49%
🇹🇭 Thailand – 36%
🇿🇦 South Africa – 30%
🇮🇩 Indonesia – 32%
🇧🇷 Brazil – 10%
🇸🇬 Singapore – 10%
🇰🇷 South Korea – 25%

These tariffs target nations deemed to have "poor trade practices."

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Trump’s tariff announcement triggered a $509M crypto sell-off, with BTC -4.1% ($95.4K), ETH -17% ($2,577). Investors fled risk assets amid trade war fears. Analysts warn of further market instability. 📉

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Bitcoin rebounded and broke through $83,000, with a 24-hour decrease narrowed to 2.44%.📈💰

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If Bitcoin rebounds above $85,000, the cumulative short liquidation strength of mainstream CEX will reach $1.287 billion. On the other hand, if Bitcoin falls below $82,000, the cumulative long liquidation strength of mainstream CEX will reach $0.287 billion.💰📣

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Stake Stone unveils STO Tokenomics: Total supply of 1 billion tokens, with Airdrop and Future Incentives accounting for 7.85%

Stake Stone announced the STO tokenomics, with a total supply of 1 billion tokens distributed as follows: Community 17.87%, Ecosystem 4%, Team 15%, Foundation 18.65%, Airdrop and Future Incentives 7.85%, Marketing 9.13%, Liquidity 6%, and Investors 21.5%.

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Kraken has registered as a restricted dealer in Canada, allowing it to continue serving Canadian users under the country’s evolving crypto regulations. To lower entry barriers, the exchange will also offer free Interac e-Transfer deposits.

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Bitcoin Market Cap Overtaken by Saudi Aramco, Falls to 10th in Global Mainstream Assets

According to 8 Market data, as Bitcoin once dropped below $82,000, its market cap also fell to $1.631 trillion, being surpassed by Saudi Aramco (Saudi Arabian national petroleum and natural gas company; commonly known as Saudi Aramco; market cap $1.696 trillion), falling to 10th place among global mainstream assets.

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