The U.S. Department of Justice is shutting down its crypto-focused investigative unit, shifting its attention to prosecuting individuals who target digital asset investors.

Exchanges, mixers like Tornado Cash, and offline wallets will no longer be the primary focus.

📱@Money 📱Twitter

Ripple is acquiring crypto-friendly prime broker Hidden Road for $1.25bn in a deal involving cash, XRP, and stock.

The acquisition is set to close in the coming months, with founder Marc Asch continuing to lead the prime brokerage division.

📱@Money 📱Twitter

🗞 April 8, 2025 cryptocurrency news highlights

【Cryptocurrency】
Affected by the delisting news, tokens such as BAL experienced a sharp short-term drop.

【Economy】
The U.S. Department of Justice is shutting down its crypto-focused investigative unit, shifting its attention to prosecuting individuals who target digital asset investors.

【Indicators】
Ripple is acquiring crypto-friendly prime broker Hidden Road for $1.25bn in a deal involving cash, XRP, and stock.

【More】
Elon Musk Presses Trump to Reverse Tariffs Amid Trade Tensions

📱@Money 📱Twitter

Ethereum Drops Below $1500🔥

📱@Money 📱Twitter

DOJ Scales Back Crypto Fraud Enforcement 🧑‍⚖️

The DOJ, under Trump’s direction, will no longer pursue most crypto-related regulatory cases, including actions against exchanges and wallet services. Ongoing investigations will be closed, though serious crimes involving crypto (like terrorism or trafficking) will still be prosecuted.

📱@Money 📱Twitter

🔥 US-China Trade War Escalates: 104% Tariffs Imposed Amid Retaliation

U.S. imposed sweeping 104% tariffs on Chinese goods, escalating an ongoing trade conflict. President Trump’s move came after China introduced 34% retaliatory tariffs. In response, China vowed to "fight to the end" and challenged the U.S. at the WTO. The standoff threatens global economic stability, with both nations facing internal pressures but showing no signs of backing down.

📱@Money 📱Twitter

Bitcoin fell below $77,000 this morning, reaching a low of $76,239, and is currently trading at $76,498, representing a 24-hour decrease of 4.38%. Ethereum fell below $1,500 this morning, reaching a low of $1,441, and is currently trading at $1,470, representing a 24-hour decrease of 6.11%.💰🔹

📱@Money 📱Twitter

If Bitcoin falls below $74,000, the cumulative long liquidation intensity of mainstream CEX will reach 476 million. On the contrary, if Bitcoin surpasses $78,000, the cumulative short liquidation intensity of mainstream CEX will reach 982 million.⚠️💰

📱@Money 📱Twitter

Placeholder Partner: Significant Support at $70,000 if Bitcoin Loses Current Level

Placeholder partner Chris Burniske posted on social media, stating, "If we lose the current level, the next Bitcoin support level to watch is $70,000, where there is significant support, at the high point of the 2021 cycle, as well as the range high points from March to October 2024."

📱@Money 📱Twitter

President Donald Trump claimed the U.S. is collecting $2bn per day from tariffs.

According to the Treasury, customs duties totaled around $7.25bn for the month of February.

📱@Money 📱Twitter

In response to new U.S. global tariffs, Bitcoin miners are rapidly importing equipment from regions like China, Malaysia, and Thailand, with some large companies chartering flights costing up to $3.5m per trip.

The U.S. has already imported over $860m worth of mining equipment in Q1 2025, and the new tariffs are expected to increase equipment prices by 22% to 36%.

📱@Money 📱Twitter

🗞 April 9, 2025 cryptocurrency news highlights

【Cryptocurrency】
🔥 US-China Trade War Escalates: 104% Tariffs Imposed Amid Retaliation

【Economy】
In response to new U.S. global tariffs, Bitcoin miners are rapidly importing equipment from regions like China, Malaysia, and Thailand, with some large companies chartering flights costing up to $3.5m per trip.

【Indicators】
If Bitcoin falls below $74,000, the cumulative long liquidation intensity of mainstream CEX will reach 476 million. On the contrary, if Bitcoin surpasses $78,000, the cumulative short liquidation intensity of mainstream CEX will reach 982 million.⚠️💰

【More】
President Donald Trump claimed the U.S. is collecting $2bn per day from tariffs.

📱@Money 📱Twitter

Trump authorized the suspension of tariffs for 90 days, and U.S. stocks rose straight with Bitcoin

After the news was released, the U.S. stock index rose sharply, the Nasad States index rose by more than 4%, the S&P 500 index rose by 3.3%, the Dow rose by 2.7%, and Bitcoin rose by 3.82%, and the current price is 80,799 USD.

📱@Money 📱Twitter

U.S. crypto stocks generally soared, MSTR rose more than 23%, and COIN rose 19.65%

MicroStrategy (MSTR) rose by 23.12%
Coinbase (COIN) rose by 19.65%
MARA Holdings (MARA) rose 17.63%
Riot Platforms (RIOT) rose by 12.18%

📱@Money 📱Twitter

The Federal Reserve's interest rate cut is expected to drop sharply.

📱@Money 📱Twitter

If Bitcoin breaks through $84,000, the cumulative liquidation intensity of mainstream CEX short orders will reach 637 million

📱@Money 📱Twitter

The U.S. stock market saw $5.5 tr in inflows as President Donald Trump paused reciprocal tariffs.

The Magnificent Seven stocks also showed a strong rebound following their sharp drop in the first week of April:

⚫ Meta (META): 14.76%
⚫ Microsoft (MSFT): 10.13%
⚫ Amazon (AMZN): 11.98%
⚫ Google (GOOGL): 9.88%
⚫ Apple (APPL): 15.33%
⚫ Nvidia (NVDA): 18.72%
⚫ Tesla (TSLA): 22.69%

📱@Money 📱Twitter

QCP: Suggests Trump Maintain Caution Even After Tariff Pause, Market Focus Shifts to Tonight's CPI Data

QCP released its daily market observation, stating that Trump announced last night the suspension of tariff policies, triggering a significant market rally: the S&P 500 index rose by 9.51%, and the Nasdaq index surged by 12.02%. Bitcoin saw an increase of 8.43%, while Ethereum rose by 13.38%.

📱@Money 📱Twitter

Elon Musk plans to turn X (Twitter) into an equivalent of China’s WeChat, with the company developing a messenger called XChat.

📱@Money 📱Twitter

🇨🇦 Canadian public company Neptune adds to its Bitcoin stack, now holding over 400 BTC 🔥

📱@Money 📱Twitter

The New Hampshire House of Representatives passed the Bitcoin Reserve Bill 🪙

📱@Money 📱Twitter