Another wave of selloffs in the markets has intensified investor anxiety, as the US officially enacted broad 104% tariffs on Chinese imports, extinguishing hopes of a last-minute reversal from Beijing.
In crypto, the global crypto market cap is down 3% in 24 hours to $2.44tn, while the total crypto market 24h volume decreased 29% to $125.78bn. Bitcoin is down over 3% in the past 24 hours, currently trading around $77k. Ether is down more than 7% to $1,460.
In the past 24 hours, crypto liquidations decreased by 20%, and totaled $424.19m, with 70% of them long positions.
According to data from Farside Investors, US Bitcoin spot ETFs recorded daily net outflows more than three times higher than the previous session, indicating a significant acceleration in investor pullback, with Blackrock's IBIT ($-252.9m), Bitwise's BITB ($-21.7m), Ark's ARKB ($-19.9m), Franklin's EZBC ($-8.9m), WTree's BTCW ($-8.5m), Grayscale's GBTC ($-7.5m) and Invesco's BTCO ($-6.9m) bringing total outflows to $326.3m. ETH ETFs recorded net outflows of $3.3m, all of which were outflows from Fidelity's FETH ETF.
Pumpfun has transferred 84,358 SOL, worth around $9.32m, to Kraken earlier today, bringing their total deposits to 2,883,418 SOL ($543.5m) at an average price of $189.
Mastercard and Kraken have partnered to integrate Mastercard’s global payments infrastructure into Kraken’s platform, enabling users across the UK and Europe to spend cryptocurrencies like Bitcoin at over 150 million merchants worldwide. The collaboration builds on Kraken Pay, a recently launched feature that allows fast, borderless payments in over 300 crypto and fiat currencies. Since its debut, more than 200,000 users have activated their “Kraktag” to send money as easily as a text message. Kraken is also preparing to launch physical and digital debit cards, directly linking users’ crypto balances to everyday purchases.
According to Lookonchain and Arkham Intelligence data, a wallet possibly linked to World Liberty Financial sold 5,471 ETH ($8m) at $1,465 4 hours ago. World Liberty previously spent around $210m to buy 67,498 ETH at an average price of $3,259, and is now sitting on a loss of $125m.
Today, April 9, 2025, the Senate will vote on cloture for Paul Atkins’ nomination to the US Securities and Exchange Commission, followed by a final confirmation vote if cloture is invoked.
New York Assemblyman Clyde Vanel has introduced Assembly Bill A7716, which proposes a study on using blockchain technology to secure voter records and election results, requiring the state Board of Elections to deliver a comprehensive report within one year. If the bill advances, it must pass the full Assembly, proceed through the Senate, and be signed by the governor; for now, it remains under committee review, awaiting discussion or amendments.
According to Lookonchain and Arkham Intelligence, an ETH whale who held for 900 days finally capitulated, selling all 10,000 ETH ($15.71m) yesterday, making a $2.75m profit. He originally bought the 10k ETH at an average price of $1,295 on Oct 4 and Nov 14, 2022.
