📉 Market Performance
The crypto market is experiencing a broad downturn amid global "risk-off" sentiment .
· Bitcoin (BTC): Fell below $67,000 to approximately $66,953 . Other sources show a 2.19% decline to $67,557 .
· Ethereum (ETH): Traded at $2,023, down 1.41% .
· Liquidations: Market volatility led to significant leverage liquidation, with $141.31 million in ETH and $13.03 million in BTC positions cleared .
· Top Movers :
· Gainers: PIPPIN (+22%), Decred (+9.7%), JUST (+7.4%).
· Losers: Cosmos (-11%), Pepe (-6.8%), Aave (-6%).
⚖️ Regulatory & Policy Updates
· U.S. (Indiana): The state passed a bill to allow investments in Bitcoin, sending a positive regulatory signal .
· U.S. (Federal): The OCC proposed new strict stablecoin rules under the GENIUS Act, requiring a 1:1 reserve and banning yield payments .
· Institutional Adoption: Citigroup plans to launch infrastructure to make Bitcoin "bankable" later this year . Also, UK investors have an April deadline to add crypto ETNs to ISAs .
🏢 Industry & Business News
· Security: A Florida man was charged with running a $328 million crypto Ponzi scheme through Goliath Ventures .
· Corporate: Block (Jack Dorsey) will cut over 4,000 jobs (40% of staff) in an AI-driven reorganization, causing after-hours stock surge .
· Trading: REX Shares launched a leveraged "covered call" strategy ETF (GIF) focusing on crypto-related stocks .
· Market Event: Nearly $9 billion in Bitcoin and Ethereum options are set to expire today, representing 20% of open interest and likely increasing volatility .
🔥 Notable Mentions
· Ethereum: Vitalik Buterin published a "Quantum Roadmap" to prepare the network against future quantum computing threats .
· Tether: Outpaced most Bitcoin ETFs in purchases over the last year, now holding 100,521 BTC ($11.32B) .
· PayPal: Shares are down 46% this year, sparking acquisition rumors involving Ripple or Stripe .