🚀 UK Trade Bodies Urge Government to Prioritize Crypto 🇬🇧

A coalition of six UK trade associations has called on Prime Minister Keir Starmer to make crypto a strategic priority by appointing a special envoy for blockchain and digital assets.

✔️ Key proposals:

🔸Appoint a crypto envoy like the US.
🔸Develop a dedicated government action plan for blockchain.
🔸Create an industry-government-regulator forum for informed decision-making.

📊 The group highlights crypto’s potential to add £57B ($74B) to the UK economy over the next decade and warns that the UK risks falling behind Dubai, Singapore, and the EU.

At the BTC Prague conference, crypto enthusiasts will have a special booth where they can confess their altcoin investments to the spirit of Satoshi Nakamoto. 😅

Have you repented for your altcoin sins yet? 🙏💸

📈 Stablecoins Surge in Current Bull Cycle 🚀

During the ongoing bull cycle (yes, they’re still calling it a bull cycle 😁), stablecoin market cap has increased by a whopping $97 billion—from $114B to $211B.

This growth is bigger than the combined market cap of DOGE, ADA, and TRX, though still smaller than XRP’s cap.

Seems like stablecoins are really holding their ground! 💸👀

📉 Bitcoin Miners Suffer Worst Month Ever – JP Morgan

March was brutal for publicly traded Bitcoin miners, with the top 14 companies losing $6 billion in market cap (-25%), according to JP Morgan. This follows another $6 billion loss in February. 🧐

Some miners are pivoting to AI data centers, but the transition isn’t easy. Meanwhile, Trump promises to boost "American-made" Bitcoin mining.

With BTC down 22% from its ATH, rising mining difficulty, and shrinking profits—miners are feeling the heat. 🔥

🥷 North Korean IT workers, posing as legitimate remote employees, are infiltrating companies worldwide, especially in Europe!

Since late 2024, their operations have expanded beyond the US, targeting industries such as defense, government, and technology.

🗝 Key Tactics:

▪️Deceptive personas used for recruitment on platforms like Upwork and Freelancer.
▪️Extortion campaigns targeting companies for data theft, including proprietary data and source code.
▪️Operations now include advanced blockchain and AI development projects.

⚠️ These workers also exploit BYOD (Bring Your Own Device) policies, avoiding traditional security measures and increasing the risk of undetected attacks.

The growing global threat from DPRK IT workers highlights the need for increased vigilance and enhanced cybersecurity measures. 💻🔐

👀 Scroll founder: "Tariffing L2s is one of the most toxic ideas for Ethereum’s future."

It trades long-term scalability and ecosystem growth for short-term revenue.

The Ethereum community is discussing the idea of charging L2 solutions extra fees for using L1. 🤔

This measure is being considered as a way to "bring back" some revenue to Ethereum L1, as currently, L2 solutions receive about 98-99% of transaction income.

🚀 Space Quest XII and the Mysterious "Buckazoids" 🌌

A Reddit user recently discovered a strange symbol on the galactic coins called Buckazoids in the 1991 game Space Quest XII. These coins were minted based on the player’s space victories and had huge inflationary and deflationary swings.

The number 59 on the coin shows how many Buckazoids this player earned.

And no, Satoshi wasn’t the designer of these! He originally proposed the symbol "BC" for Bitcoin. 😄

Maybe Bukazoids were the OG crypto? 💰

🚀 Trump vs. Markets: The Tariff Tango

BTC soared past $88K as Trump dropped a 10% tariff bomb on all imports and slapped 25% on cars. 🚗💥

Then… BTC tanked below $85K when Donnie decided more is more, adding 34% tariffs for China and 20% for the EU. 📉😵

What’s next? Nobody knows. Best strategy: close your laptop, turn off your phone, and take a nap. 😴📵

Justin Sun & the FDUSD Rollercoaster 🎢

Justin Sun hinted that First Digital Trust might be insolvent and advised users to "protect their assets" 😬. FDUSD instantly dropped 12%.

Now people are buying the dip while accusing Justin of spreading FUD for personal gain. 🤷‍♂️

April Fools’ was yesterday, man—why play with hearts (and bags) like this? 😠💸

📊 Institutions Bought 95,000 BTC in Q1, But Why Is It Down? 🤔

CryptoQuant reports that public companies snapped up $8B in BTC last quarter!

Top Buyers:

🔹 MicroStrategy: +81,785 BTC
🔹 Tether: +8,888 BTC
🔹 The Blockchain Company: +605 BTC
🔹 Semler Scientific: +1,108 BTC
🔹 Metaplanet: +2,285 BTC

More incoming: Marathon Digital ($2B) & GameStop ($1.5B) prepping to buy!

❓ So why is BTC still down?

1️⃣ OG whales dumped 178K BTC ($15.2B), outpacing institutional buys
2️⃣ ETF outflows: -$4.8B left Bitcoin ETFs in Q1

Big buys, bigger sells—bulls need stronger hands! 🐂🔥

Binance: According to the latest audit, the FDUSD stablecoin is backed 1:1. 💰🧐

🚨 Justin Sun: FDT is Bankrupt! 🔥

Justin Sun claims that First Digital Trust (FDT) can’t return client funds and is de facto bankrupt—yet still operates as a public trust in Hong Kong, posing risks to investors.

💼 Legal action incoming: Techteryx has enlisted top international law firms to file lawsuits in multiple jurisdictions, including Hong Kong & the U.S.

⚖️ Regulators respond: Hong Kong authorities now consider revising financial regulations due to the FDT scandal.

🔥 Meanwhile, FDT burned 87M FDUSD in the last 24 hours! — PeckShield reports. 🤔

🇺🇸 Trump, Crypto & SEC: A Conflict of Interest? 🤨

Reuters reports that Democrats are pushing the SEC to release documents on Trump’s World Liberty Financial (WLFI) crypto project.

🔍 Key concerns:

▪️ White House-SEC communications about WLFI
▪️ Measures to prevent Trump's financial influence on SEC decisions
▪️ WLFI investor links—including Justin Sun

Senators Warren & Waters fear that Trump’s family could rake in hundreds of millions from a business regulated by his own administration (75% from sales).

🚨 Is the US president using crypto for personal gain? The SEC is under pressure to answer.

📉 Arthur Hayes: BTC Must Hold $76.5K Until April 15! 🚀

Arthur Hayes believes that if Bitcoin stays above $76,500 until U.S. Tax Day (April 15), we’re in the clear.

BTC is currently hovering around $82,000 after another drop. 👀

🌏 South Korea May Open Crypto Market to Foreigners! 🚀

South Korea’s FSC hinted at lifting restrictions on foreign investors trading on local crypto exchanges—if AML measures improve.

🔹 FSC official Kim Sung-jin supports allowing foreign investors into the market.
🔹 This could boost USD stablecoins & eliminate the Kimchi Premium.
🔹 However, regulators believe local exchanges still lack strong AML capabilities.

💡 Why it matters?

Opening South Korea’s crypto market could bring global liquidity, revitalize the industry, and align with international trends.

📉 Bitcoin Under Pressure, Gold on the Rise – JPMorgan

🔎 JPMorgan analysts warn that Bitcoin’s "digital gold" narrative is weakening as its volatility and ETF outflows raise doubts. Meanwhile, gold is emerging as the primary hedge in the debasement trade, benefiting from strong demand.

🚀 Gold has surged past $3,100 per ounce, supported by both central banks and private investors, while Bitcoin struggles with higher risk and correlation to tech stocks. Spot Bitcoin ETFs have seen outflows, while gold ETFs continue to attract inflows. 👀

Despite this, Bitcoin remains above its production cost ($62K), which historically acts as a price floor. However, JPMorgan sees gold maintaining its strength in the inflation-hedging trade.