In crypto news, Coinbase announced the launch of its Bitcoin Yield Fund set for May 1, targeting institutional investors with returns of 4% to 8%. This fund addresses the lack of passive income options for Bitcoin holders who cannot stake their assets. The yield will be generated using a cash-and-carry strategy involving spot Bitcoin prices and derivatives. Meanwhile, Bitget is taking legal action against users whom they accuse of manipulating the price of perpetual futures contracts for the VOXEL token, reportedly resulting in fraudulent gains of $20 million. Lastly, U.S. President Donald Trump indicated a potential reduction or elimination of federal income taxes, focusing on those earning less than $200,000, contingent on the effects of proposed trade tariffs. This announcement marks the first detailed revelation of Trump's tax reform plan since its promotion began in October 2024.

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