Summary
gm, Fidelity Investments filed for an Ethereum-based US Treasury fund called 'OnChain', signaling increased institutional interest in blockchain-based financial products. Bitcoin's price has been fluctuating around $85,000, with analysts emphasizing the importance of a weekly close above this level to maintain bullish momentum. Meanwhile, Sonic blockchain announced the launch of a high-yield algorithmic stablecoin offering up to 23% APR, reminiscent of the ill-fated Terra-Luna project. On the regulatory front, the US Treasury argued against the need for a final court judgment in the Tornado Cash case following its delisting from sanctions. These events highlight the ongoing evolution of the crypto ecosystem, balancing innovation with regulatory scrutiny and market dynamics.

News Headlines
🚀 Ripple Co-Founder Bets $1 Billion on Space Station Replacement

  • Jed McCaleb, co-founder of Ripple and Mt. Gox, is investing $1 billion in Vast Space to create a replacement for the International Space Station.
  • The project aims to establish a new space station with artificial gravity environments through rotating habitats, with the first module, Haven-1, expected to launch in May 2026.

🔒 Crypto Security Remains a 'Cat and Mouse' Game

  • Ian Rogers, chief experience officer at Ledger, emphasizes the ongoing battle between crypto wallet providers and malicious actors.
  • Scams and security measures continue to evolve, with simple tactics like phishing attempts via social media still deceiving users.

🤖 AI Crypto Tokens Face Uncertainty as Nvidia Stock Forms 'Death Cross'

  • Nvidia's stock has formed a 'Death Cross', indicating a bearish trend, which last resulted in a 47% price drop over six months.
  • Several AI crypto tokens have seen slight increases despite this, but the overall market cap of top AI crypto tokens has decreased by 23.70% recently.

📱 Philippines' GCash Digital Wallet Adds USDC Support

  • GCash, a leading digital wallet in the Philippines, has officially added support for USD Coin (USDC), enabling users to buy, sell, and hold USDC within the app.
  • This integration marks a significant step towards mainstream adoption of cryptocurrencies in the country and enhances GCash's offerings in the digital assets space.

🌟 Trump Endorses His Meme Coin, Price Soars Amid Controversy

  • President Donald Trump endorsed the Official Trump (TRUMP) token, causing a price surge that briefly took the token to $12.25.
  • Trump's 80% ownership in the token raises constitutional concerns about conflicts of interest and potential foreign influence.

Market Metrics

Fundraising & VC
No fundraising data today.

On-chain Data
1. AltLayer (ALT) token unlock in 1 day ($7.26M, 6.56%)
2. Xai (xai) token unlock in 2 days ($3.02M, 4.02%)
3. Grass (GRASS) token unlock in 3 days ($5.26M, 1.35%)
4. Venice Token (VVV) token unlock in 3 days ($1.04M, 1.17%)
5. Open Campus (EDU) token unlock in 4 days ($2.80M, 7.24%)

Regulatory
💰 US to Return $7M to Crypto Scam Victims

  • US authorities will return $7 million to victims of a social engineering scam involving fraudulent cryptocurrency investment platforms.
  • The scam tricked victims into believing they were making gains, then coerced them into sending more money under false pretenses.

🏦 UK Banker Proposes Taxing Crypto to Boost Stock Investments

  • Lisa Gordon, chair of Cavendish, suggests the UK should tax cryptocurrency transactions instead of stock purchases.
  • The proposal aims to incentivize investments in local companies and boost the economy.

🌐 White House Scales Back Tariffs, Impacting Crypto Markets

  • The White House adopts a more targeted approach to tariffs, potentially easing recession fears and boosting Bitcoin.
  • The new strategy focuses on reciprocal tariffs for major trading partners, affecting about 15% of nations with trade imbalances.

💹 XRP Bulls Target $10 by 2030 as Ripple Labs Concludes SEC Case

  • Analysts predict XRP could reach $10 per coin by 2030 as Ripple Labs makes progress in its SEC case.
  • The outcome of this legal battle is seen as crucial for XRP's price trajectory and broader crypto market dynamics.

📊 Fidelity Joins Asset Tokenization Race

  • Fidelity has filed for an OnChain U.S. Treasury Fund, entering the asset tokenization space.
  • This move reflects growing institutional interest in integrating blockchain technology with traditional financial assets.

Technical Analysis
Bitcoin - Bitcoin has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The currency has support at points 80000 and resistance at points 92500. The currency is assessed as technically slightly negative for the short term.

Ethereum - Ethereum shows weak development 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 1870 and resistance at points 2740. Negative volume balance indicates that sellers are aggressive while buyers are passive, and weakens the currency. RSI diverges positively against the price, which indicates a possibility for a reaction up. The currency is overall assessed as technically negative for the short term.

Governance & Code
🌐 Venus DAO | Risk Parameter Updates (Preliminary Discussion)
- This proposal seeks to make risk parameter adjustments to Venus Ethereum Core, BNB Core, and BNB GameFi markets. 

🦋 Morpho DAO | Frontend for Compound <> Morpho <> Polygon Collaboration (Phase 2)
- This proposal requests $80,000 to update the frontend for the Compound, Morpho, and Polygon collaboration.