Summary
gm, Bitcoin reached a notable high of $86,000, driven by President Trump's tariff relief on Chinese electronics, but later fell back to around $84,500 amid conflicting messages from the administration. The market showed resilience despite macroeconomic uncertainties, with NYDIG analyst Greg Cipolaro noting relatively orderly conditions. In regulatory news, Senator Tim Scott expressed optimism about passing a comprehensive crypto market structure bill by August 2025, potentially providing clearer guidelines for the industry. Meanwhile, the Solana blockchain launched the Solana Policy Institute to represent developer interests in Washington, signaling increased engagement with policymakers on crypto-related issues.

News Headlines
📉 Mantra Token Crashes 90% in One Hour

  • The Mantra token (OM) collapsed from nearly $6 to below $0.4, erasing billions in market value.
  • Co-founder John Patrick Mullin attributed the crash to forced liquidations by exchanges during low liquidity, denying insider wrongdoing or a rug pull.

💼 Saylor Signals Strategy Buying Bitcoin Dip Amid Macro Turmoil

  • Michael Saylor announces Strategy's intention to continue acquiring Bitcoin after a two-week pause in purchases.
  • As of March 31, Strategy holds 528,185 BTC, with recent investments reflecting substantial unrealized gains of over $8.6 billion.

🏦 JPMorgan CEO Warns of Potential Treasury Market Disruption

  • Jamie Dimon warns of potential significant disruption in the U.S. Treasury market, possibly requiring Federal Reserve intervention.
  • Concerns stem from rising interest rates and unprecedented fiscal policies, emphasizing the need for proactive measures to ensure market stability.

🤖 VCs Predict Significant Advancements in Crypto x AI Integration

  • Leading venture capitalists foresee major advancements in how AI can enhance financial services, particularly in smart contracts and financial analytics.
  • A surge in investment aimed at integrating AI into DeFi is predicted, potentially attracting a broader range of participants.

💡 Vitalik Buterin Emphasizes Importance of Social Philosophy in Ethereum Apps

  • Ethereum co-founder Vitalik Buterin stresses the importance of good social philosophy in the app layer of Ethereum.
  • Buterin highlights that developers' beliefs about what Ethereum applications should accomplish are crucial when building decentralized applications.

Market Metrics

Fundraising & VC
No fundraising data today.

On-chain Data
1. Cookie DAO (COOKIE) token unlocked today ($4.99M, 11.67%)
2. Sei Network (SEI) token unlock in 1 day ($38.20M, 4.5%)
3. Arbitrum (ARB) token unlock in 2 days ($27.80M, 2.01%)
4. Parcl (PRCL) token unlock in 2 days ($9.41M, 59.75%)

Regulatory
💼 Commerce Secretary Retracts Electronics Tariff Relief

  • Commerce Secretary Howard Lutnick retracted a temporary tariff exemption on select electronics.
  • The focus on onshoring critical industries suggests a long-term geostrategic policy rather than a negotiation tactic.

💰 NFT Trader Pleads Guilty to $13M Tax Fraud

  • A Pennsylvania man pleaded guilty to filing false tax returns concealing over $13 million in income from CryptoPunks NFT sales.
  • He faces up to six years in prison for evading approximately $3.2 million in taxes.

🚀 Trump-Linked World Liberty Financial Continues Altcoin Investments

  • World Liberty Financial, associated with the Trump family, purchased 4.89 million SEI tokens for $775,000.
  • Concerns emerge about potential conflicts of interest related to the company's stablecoin, USD1, and its usage by the government.

💻 US Social Security Administration Moves Communications to X Platform

  • The Social Security Administration announces a shift to the X platform for all public communications.
  • The agency plans to downsize from 57,000 to 50,000 employees and consolidate regional offices to improve efficiency.

Technical Analysis
Bitcoin - Bitcoin has broken through the ceiling of a falling trend channel in the short term. This indicates a slower falling rate initially, or the start of a more horizontal development. The currency has marginally broken up through resistance at points 84000. An established break predicts a further rise. The currency is assessed as technically neutral 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 support at points 1420 and resistance at points 1860. The currency is assessed as technically negative for the short term.

Governance & Code
🏔️ GMX DAO | Establishment of GMX Reserve on Solana
- This proposal aims to approve the formal alignment of the newly-acquired GMX tokens on Arbitrum with the GMX-Solana Treasury for strategic deployment on Solana.

🛰️ Venus DAO | BNB Bridge Exploiter Account Remediation: Concluding Steps
- This proposal aims to force-liquidate the remaining debts owed by the BNB bridge exploited account that supplied extraneously minted BNB to Venus in October 2022 to create an over-collateralized debt position.