Justin Sun once again accused FDT in a post on X: "First Digital Trust (FDT) has been unable to fulfill its obligation to redeem customer funds and is actually insolvent. However, despite the existence of serious violations, the institution continues to operate in Hong Kong under the guise of a public trust. This case illustrates that there seems to be significant loopholes in the Hong Kong trust industry that can be used to avoid financial and banking regulations. This not only poses a risk to the public, but also threatens Hong Kong's reputation as a global financial center. I strongly urge Hong Kong regulatory agencies and law enforcement to take decisive action to plug the loopholes and prevent further losses to the public."

April 3 news, analyst Geiger Capital on X platform said that market predictions from Kalshi data show that the possibility of the U.S. economy entering a recession this year has just exceeded 50%.

<br>On April 2nd, according to Decrypt, Ted Cruz, a Republican senator from Texas, officially introduced the "Facilitate Lower Atmospheric Released Emissions" (FLARE) Act on March 31st, aiming to convert waste natural gas that would have been burned or emitted into electricity for Bitcoin mining.

XRP (XRP) experienced a 22% price drop from March 19 to March 31, potentially establishing a local bottom at $2.02. Following this, the price rose by 9% to $2.20 before retracing to current levels. The question arises whether XRP has reached its bottom or if a deeper retracement is on the horizon. Analyst CasiTrades noted bullish divergence on various timeframes, suggesting a positive indicator for potential short-term bounces and macro recovery. Resistance at $2.25 is highlighted as a key level to watch, with a break above signaling a bullish breakout.

The country is in the process of establishing legal frameworks for managing confiscated digital assets. The focus is on a high-profile case involving Marat Tambiev, a former official who was convicted of accepting cryptocurrency bribes. Tambiev, who previously served as the head of the Investigative Committee for the Tverskoy District, received 1,032.1 BTC in 2023, which was valued at around $28 million at the time. Despite facing difficulties in legally selling the seized Bitcoin, the government is working with other entities to develop a process for converting confiscated crypto into revenue. While Russia is progressing with its plans, it remains cautious, with Deputy Finance Minister Vladimir Kolychev stating that the country has no plans to include cryptocurrency in its national reserves due to concerns about Bitcoin's volatility and unpredictable market movements.

The cryptocurrency market could reach a temporary low in the next two months due to global uncertainty surrounding ongoing import tariff negotiations, which have been impacting investor sentiment in traditional and digital markets. US President Donald Trump is expected to announce reciprocal import tariffs on April 2, with the goal of reducing the country's trade deficit and boosting domestic manufacturing. According to Aurelie Barthere, a principal research analyst at Nansen crypto intelligence platform, there is a 70% chance that cryptocurrency prices will hit their low point by June. Barthere also mentioned that once the toughest part of the negotiations is over, there could be a clearer opportunity for crypto and risk assets to find a bottom. The market is currently in a "wait and see" mode, with investors hesitant to take large positions as both traditional and cryptocurrency markets lack direction.

according to official sources, Nasdaq-listed mining company Bitfarms announced that it has reached a preliminary agreement for a $300 million private debt financing with Macquarie Group, to fund the initial HPC project development at Panther Creek in Pennsylvania. The initial financing amount is $50 million, with a maximum withdrawal amount of $300 million after the final document is signed. Macquarie Group is expected to provide funding for the initial construction of the Panther Creek data center in a non-dilutive manner.

Andrei Grachev, a partner at DWF Labs, posted on the X platform stating that four projects contacted us yesterday. DWF Labs will allocate $16.5 million to repurchase tokens from the market. Once completed, the on-chain proof will follow.

The firm notes that the anticipated excitement for this market cycle has not materialized yet. A significant observation is the continuous decrease in Google search interest for cryptocurrencies. Compared to previous market peaks, search trends for cryptocurrencies are significantly lower, indicating a decline in public curiosity. Wikipedia searches related to cryptocurrencies also show a similar trend, with searches not reaching previous cycle highs and starting to decrease in recent months. The lack of public interest in cryptocurrencies could be due to various factors such as global macroeconomic conditions, market sentiment, or the delayed arrival of the expected euphoria.

&nbsp;according to Nikkei News on Tuesday, Mitsubishi UFJ Financial Group, which operates Mitsui Sumitomo Bank, plans to collaborate with Ava Labs and Fireblocks to launch a stablecoin. The team behind Avalanche, Ava Labs, intends to use blockchain technology to establish the "foundation" of the stablecoin, while the crypto security company Fireblocks will provide token development management system. The banking giant plans to collaborate with local IT company TIS to conduct experiments on the project in the second half of 2025 and may issue the stablecoin next year.

according to the official page, Binance Alpha has launched ZETA and SAFE.

decentralized stablecoin protocol Usual is partnering with blockchain security company Sherlock to launch a bug bounty program, offering a reward of $16 million to find critical vulnerabilities in the codebase. This bounty surpasses the ones previously set by Uniswap ($15.5 million), LayerZero Labs ($15 million), and Wormhole ($10 million).

&nbsp;institutions expect the US March "small non-agricultural" number to be released tonight at 20:15

On April 2nd, it was reported that Circle submitted an IPO S-1 document to the U.S. Securities and Exchange Commission (SEC), indicating that in November 2024, Binance became the first approved participant in the stablecoin ecosystem protocol. According to the partnership agreement, Binance is required to promote USDC on its platform and hold a certain amount of USDC in its treasury reserves. Circle paid Binance a one-time prepayment fee of $60.25 million and agreed to pay monthly incentive fees based on the balance of USDC held by Binance. The incentive fee is only paid when Binance holds at least 1.5 billion USDC, with Binance committing to hold 3 billion USDC (with exceptions in specific circumstances). The partnership is divided into two parts: market promotion and treasury reserves, both lasting for two years. If Binance terminates the market promotion agreement early, it is still obligated to fulfill one year of reduced fee payments and promotional obligations. The agreement can be terminated early under specific circumstances by either party.

market shows AR falling below $6, now trading at $5.99, with a 24-hour decline of 7.99%. The market is volatile, please manage your risks.

On April 2nd, Layer1 blockchain Sharduem officially announced that its global first EVM-based automatically scalable blockchain mainnet will be officially launched on April 15, 2025.

the latest "World Billionaires List" released by Forbes, 16 giants in the cryptocurrency field successfully made the list, including Binance founder Zhao Changpeng with a net worth of $63 billion, Tether co-founder Giancarlo Devasini with a net worth of $22.4 billion. Coinbase founder Brian Armstrong and MicroStrategy's Michael Saylor made the list with fortunes of $9.5 billion and $7.4 billion respectively.

last year, he made a big purchase of EIGEN's whale (or institution), losing more than $22.42 million in May.

Shibariumscan data shows that the on-chain transaction volume of Shibarium has exceeded 1 billion, currently reaching about 1.05 billion. In addition, other indicators of Shibarium are also showing a growth trend, with the total number of blocks exceeding 10 million, the latest data being 10,251,908, and the total number of on-chain addresses approaching 200 million.

On April 2nd, official news, OKX has now launched a 1-day term shark fin financial product, supporting bullish BTC, bearish BTC, bullish ETH, and bearish ETH, with a 1-day cycle. It can be subscribed daily, and the floating annualized return is calculated based on the daily settlement price. The investment currency is USDT, supporting daily settlement and automatic reinvestment, making fund utilization more flexible.