Summary
gm, Despite significant losses in traditional stock markets due to escalating trade tensions and tariff announcements, Bitcoin has held steady around $83,000, demonstrating its potential as a hedge against economic uncertainty. The SEC's clarification that most dollar-based stablecoins are not securities has provided some regulatory clarity, though it has also sparked internal debate. Meanwhile, PayPal's expansion to include Chainlink and Solana in its crypto offerings signals growing mainstream adoption, while concerns persist over the financial troubles facing some crypto gaming projects like Shrapnel.

News Headlines
💼 Circle Considers Delaying IPO Amid Economic Uncertainty

  • Stablecoin firm Circle is contemplating postponing its IPO plans due to macroeconomic uncertainty linked to Trump administration's trade policies.
  • Despite reporting a 16% year-over-year revenue increase for 2024, Circle faces pressure to reassess its IPO timeline amidst market volatility.

🌐 EigenLayer to Introduce Crucial Slashing Feature

  • EigenLayer set to launch slashing feature on April 17, representing its first feature-complete version.
  • This upgrade allows Actively Validated Services (AVSs) to penalize operators who fail to meet specific conditions, enhancing security and accountability.

🏗️ Codex Secures $15.8M for Stablecoin-Only Blockchain

  • Blockchain startup Codex raises $15.8 million to develop a dedicated layer-2 network for stablecoins.
  • The platform aims to establish a consistent fee structure that remains stable regardless of blockchain activities.

🔍 Grayscale Files for Solana ETF on NYSE

  • Grayscale has registered with the SEC to list the Grayscale Solana Trust ETF on the NYSE under the ticker symbol "GSOL".
  • This ETF will hold spot SOL as its underlying asset, potentially providing traditional investors with exposure to Solana.

🔐 Bitcoin Python Library Targeted by Wallet Draining Malware

  • Malware targeting users of bitcoinlib, a popular Python library for creating Bitcoin wallets, has been detected.
  • The malicious packages aimed to overwrite legitimate commands to extract sensitive database files.

Market Metrics

Fundraising & VC
No fundraising data today.

On-chain Data
1. Ethena (ENA) token unlocked today ($105M, 6.3%)
2.Tensor (TNSR) token unlock in 2 days ($15.28M, 33.42%)
3. Core DAO (CORE) token unlock in 2 days ($3.90M, 0.91%)

Regulatory
🚨 Commissioner Challenges SEC's Stablecoin Stance

  • SEC Commissioner Caroline Crenshaw criticized the agency's new stablecoin guidelines, claiming they misrepresent the market and downplay risks.
  • She highlighted "legal and factual errors" in the SEC's assessment, particularly regarding stability and redeemability claims.

💱 Tether Considers New US-Compliant Stablecoin

  • Tether CEO Paolo Ardoino announced plans to develop a new stablecoin compliant with US regulations.
  • USDT may not comply with potential new US laws, focusing instead on emerging markets.

⚖️ SEC to Reassess Biden-era Crypto Guidance

  • The SEC is reevaluating cryptocurrency regulatory guidance established during the Biden administration.
  • This move signals potential adjustments to how the SEC enforces and interprets existing laws.

🌪️ OFAC Delists Tornado Cash

  • The Office of Foreign Assets Control (OFAC) has delisted Tornado Cash, a privacy-focused crypto platform.
  • This decision could impact the future of privacy tools within the crypto space.

👮 UK Police Launch Crypto Asset Recovery Program

  • The City of London Police partnered with Gowling WLG to launch a civil asset recovery program for crypto fraud victims.
  • This initiative aims to help victims recoup losses where criminal prosecution is not feasible.

Technical Analysis
Bitcoin - Investors have accepted lower prices over time to get out of Bitcoin and the currency is in a falling trend channel in the short term. Falling trends indicate that the currency experiences negative development and falling buy interest among investors. The currency is testing resistance at points 84000. This could give a negative reaction, but an upward breakthrough of points 84000 means a positive signal. The RSI curve shows a falling trend, which supports the negative trend. The currency is overall assessed as technically negative for the short term.

Ethereum - Ethereum is in a falling trend channel in the short term. Falling trends indicate that the currency experiences negative development and falling buy interest among investors. The currency has broken down through support at points 1870. This predicts a further decline. The currency is assessed as technically negative for the short term.

Governance & Code
💰 Karrat DAO | Security Council Elections (Active Vote)
- This proposal aims to extend the use of WinVote.io as the onchain election platform for KARRATco's Security Council elections.

🦄 1inch DAO | Protocol Upgrades; Order Settlement in LOP; Incentives in Protocols
- This proposal seeks to introduce two protocol upgrades intended to "enhance protocol adoption and usage while remaining competitive."