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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🇰🇬 Kyrgyzstan’s National Investment Agency signed an MoU with Changpeng Zhao, former Binance CEO, to develop the country’s cryptocurrency and blockchain sector. The collaboration focuses on tech support, education, and innovation, aligning with the "Digital Kyrgyzstan" strategy to drive economic growth. ✍️

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Ray Dalio Warns Tariffs Could Lead to Global Stagflation ⚠️

Ray Dalio, founder of Bridgewater Associates, cautions that the implementation of tariffs may reduce reliance on foreign supply chains but could also lead to global stagflation—simultaneous inflation and economic stagnation. He emphasizes that while tariffs might bolster domestic resilience during geopolitical tensions, they can also decrease efficiency and elevate costs. Dalio further warns that escalating debt levels in countries like the U.S. and U.K. could result in a "debt death spiral," necessitating significant policy interventions to avert economic instability.

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Bitcoin rebounded and broke through $83,000, now trading at $83,340.💰

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Yesterday, the US Bitcoin Spot ETF saw a net outflow of $99.8 million & the U.S. Ethereum Spot ETF saw a net outflow of $3.6 million🕯

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Bithumb’s former CEO Lee Sang-jun received $3.5m in 2024—including a $1.4m bonus, $1.5m in retirement benefits, and a $320,000 base salary—despite being incarcerated.

In December 2024, prosecutors accused him of accepting $20m in cash. While the court acquitted him of that charge, it upheld a bribery conviction involving non-cash favors and sentenced him to two years in prison.

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China has announced a 34% tariff on U.S. goods, set to take effect on April 10.

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🗞 April 4, 2025 cryptocurrency news highlights

【Cryptocurrency】
🇰🇬 Kyrgyzstan’s National Investment Agency signed an MoU with Changpeng Zhao, former Binance CEO, to develop the country’s cryptocurrency and blockchain sector. The collaboration focuses on tech support, education, and innovation, aligning with the "Digital Kyrgyzstan" strategy to drive economic growth. ✍️

【Economy】
China has announced a 34% tariff on U.S. goods, set to take effect on April 10.

【Indicators】
Bithumb’s former CEO Lee Sang-jun received $3.5m in 2024—including a $1.4m bonus, $1.5m in retirement benefits, and a $320,000 base salary—despite being incarcerated.

【More】
Ray Dalio Warns Tariffs Could Lead to Global Stagflation ⚠️

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The USDC Treasury has burned 50 million USDC on the Ethereum blockchain, with a total of approximately 150 million USDC burned today.💣

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🚨 U.S. Stock Market Plummets: $3.5T Lost in 2 Days

The U.S. stock market plummeted, losing $3.5 trillion in two days, with the S&P 500 falling over 8%—its biggest two-day drop since the 2020 pandemic. The Nasdaq 100 has now entered bear market territory.

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💰 Tether CEO Calls for New U.S. Stablecoin Amid Legal Woes

Tether's CEO, Paolo Ardoino, suggests the U.S. needs a new stablecoin as Tether (USDT) faces increasing legal challenges and regulatory scrutiny. The company is dealing with multiple lawsuits, including one alleging market manipulation, prompting discussions about the future of stablecoins in the U.S. market.

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Yesterday the US Bitcoin Spot ETF saw a net outflow of $64.9 million & the US Ethereum Spot ETF saw a net inflow of $2.1 million🕯

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Bitunix analyst: Powell releases a hawkish signal, market liquidity is expected to decrease, BTC may test $80,000 again 💸

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