Good Morning,

Here's a quick preview of today’s content: Crypto ETFs struggle amidst tariff debacle, Helium token lawsuit officially dropped, a dormant ETH whale decides to sell it all, bitcoin minders had a successful Q1, this week included massive 8-figure venture investments in crypto, a crypto mining operation wasn’t really all it seemed, and so much more.

Friday is here – let’s end the week strong and green. Let’s dive in.

Market Snapshot

As of 04/10/2025. Data per CoinMarketCap.

  • Binance CEO recently stated that global macroeconomic uncertainty could actually boost demand for crypto

  • Donald Trump’s 90 day pause on reciprocal tariffs (excluding China) created a historic day in the stock market, with minimal impact on crypto prices

Headline Roundup
The major headlines driving crypto markets

  • SEC dismisses lawsuit against Nova Labs for token security debate related to Helium tokens (TB)

  • Spot crypto ETFs see $700M+ outflow due to tariff uncertainty (CD)

  • Tokenized gold market cap soars to $2B with fears of tariff implementation (CD)

  • Kalshi begins onboarding more crypto users adding Bitcoin deposits (CT)

  • President Trump reportedly signs resolution to controversial IRS broker law under Biden (TB)

  • Block fined $40M for AML and crypto compliance failures (CT)

  • Jack Dorsey publicly shares support for bitcoin integrated peer-to-peer payments for Signal Messenger (CS)

  • Dogecoin ETF filed by 21Shares backed by Doge foundation

  • Trump’s World Liberty Fi denies rumors of $8M ETH sell off (DT)

  • Ethereum whale dumps $27M after 9 year dormancy (DT)

  • Mark Blackborough leaves market maker Portofino just 6 months after joining as CFO (CD)

  • Synthetix stablecoin, sUSD, continues to depeg down to $0.86 (BW)

  • A CryptoPunk NFT holder just sold for a $10M loss (TB)

  • Bitcoin miners see uptick in Q1 2025 with $800M of bitcoin produced (CT)

Venture Capital

  • Framework and Fulgur Ventures co-lead $40M series A for bitcoin life insurance startup Meanwhile (CT)

  • Germany based DePIN startup Solix completes $29.5M fundraise led by Eclip Foundation (FS)

  • Towns Protocol announces $10M Series B led by A16Z Crypto alongside Coinbase Ventures and Benchmark (TP)

  • Cherry Ventures, BTR Capital, and others participate in $3M round for decentralized AI startup, DecentralGPT (AI)

  • FireFish completes $1.8M seed from investors Miton and Braiins for Bitcoin mortgages (PN)

  • DashFun finalizes new financing round from HTX Ventures, Ledger Capital, Metalpha, and more (PN)

Launches

  • Loopscale startup launches for improved Solana efficiency (BW)

  • BNY launched a new crypto accounting tool with BlackRock as their first client (FT)

Regulation

  • SEC’s Corporate Finance arm released guidance on federal securities laws and crypto overlap (CT)

  • Congress urged by New York Attorney General to figure out crypto regulations (RT)

  • Thai regulators shut door on P2P crypto platforms (DT)

  • Bitpanda secures third MiCA license in HQ country, Austria (CT)

Cybersecurity

  • Threat actors target Atomic and Exodus wallet users with malicious npm packages (TH)

  • A front-running MEV bot scooped up 119 ETH in Wayfinder exploit for Kaito-based airdrop (TB)

  • South Korean crypto mining farm busted for illegal gambling operation (DT)

  • This week’s crypto hack roundup

Extra Reads

  • Thousands of people are being onboarded daily to crypto as a long-term investors

    Here’s how to build a personalized crypto portfolio utilizing ChatGPT

Chart of the Day

Bitcoin ETFs saw massive $722M outflow recently, with Blackrock’s IBIT hit the hardest

Meme Dump

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