Global markets remained cautious yesterday, ahead of President Trump’s expected tariff announcement. Wall Street showed little direction, reflecting uncertainty from weak ISM manufacturing data and elevated cost pressures, though easing Treasury yields and growing Fed rate cut expectations helped stabilize sentiment. While volatility has eased slightly, market focus remains on macro risk.
In the past 24 hours, crypto liquidations came in at $287.28m, with 58% of them long positions.
According to data from Farside Investors, both US BTC and ETH spot ETFs ended yesterday's trading session with net outflows. Despite Bitwise BITB and Franklin EZBC recording net inflows of $24.5m and $7.4m respectively, Ark ARKB, Fidelity FBTC, Grayscale GBTC and WTree BTCW recorded significant net outflows of $87.4m, $85.4m, $10.1m and $6.8m, resulting in a daily net outflow of $157.8m, 160% higher than the previous day's outflows. ETH ETFs recorded net outflows of $5.3m, with $2.7m flowing out of Grayscale ETH and $2.6m out of Bitwise ETHW.
BlackRock, the world's largest asset manager with $10 trillion in assets under management, has officially registered as a crypto asset firm in the UK, clearing the way to offer and manage its newly launched European Bitcoin ETP under UK regulatory oversight.
Tether CEO Paolo Ardoino publicly shared a Bitcoin wallet address after online skepticism arose over the company’s recent BTC purchases. The disclosure followed claims that Tether now holds over 100,000 BTC—worth around $8 billion—but critics questioned the impact on price and whether the holdings were real. Ardoino linked to a Bitfinex-associated hot wallet, which processes large volumes but currently shows a zero balance due to active fund rotation. Data from memepool.space suggests Tether owns 92,646.57 BTC, valued at $7.89 billion as of April 1, 2025, with a balance history showing steady accumulation.
According to a post on X by @etherscan.eth, Ethereum recorded its lowest weekly blob fees so far this year. Blob fees constitute Ethereum network’s main source of income from layer-2 (L2) scaling chains, and since March 16 they have dropped over 95%, raising concerns about the network’s post-Dencun revenue model, which cut costs for users but also reduced overall fee revenue for Ethereum — initially by as much as 95%, according to data from asset manager VanEck. In the week ending March 30, Ethereum earned only 3.18 ETH from blob fees, a 73% drop from the prior week and a more than 95% decline from the week ending March 16, when Ethereum’s income from blob fees exceeded 84 ETH.
Metaplanet announced that it purchased an additional 160 BTC for about $13.3 million at an average price of $83,264 per bitcoin, bringing its total holdings to 4,206 BTC.
Sony Electronics (Singapore) and Crypto.com today announced the acceptance of USDC exclusively on Sony Store Online in a move to make direct crypto payment accessible consumers.
Pump.fun has launched PumpFi, a new "Ape Now, Pay Later" financing platform on Solana that lets users buy memecoins and NFTs with monthly installments. Buyers pay one-third upfront and the rest over three months, with no credit checks and with options to manage or trade debt.
Elon Musk’s social media platform X has filed a brief to the US Supreme Court, supporting a case that challenges warrantless government access to user data. The case stems from a Coinbase user whose data was handed to the IRS without a warrant. X warns this practice threatens user privacy and could be applied broadly across digital platforms.
