🔔 MARKET MOVING NEWS! (04/08/25)
1️⃣ Global Crypto Funds See Outflows Of $223 Million For First Time In 15 Weeks Amid Profit-Taking And Hawkish Fed Signals: CoinShares 📊
According to the latest CoinShares report, global crypto investment products experienced net outflows of $223 million last week. Notably, this marks the first net outflow in 15 weeks, ending a long inflow streak. This shift followed initial inflows of $883 million early in the week, which reversed due to significant outflows later on. Nevertheless, the past 30 days have seen $12.2 billion in net inflows, accounting for half of the year's total inflows to date. A closer look at the data shows that Ethereum funds managed to maintain net inflows of $133 million while U.S. spot Bitcoin ETFs recorded $404 million in net outflows. That said, year-to-date inflows for Bitcoin remain robust at $20 billion. The outflows appear to come from profit-taking amid a hawkish Federal Open Market Committee (FOMC) meeting, stronger-than-expected U.S. economic data, and a general risk-off sentiment.
2️⃣ Satoshi Nakamoto Statue Recovered from Lake Lugano After Vandalism ❓
Municipal workers in Lugano, Switzerland, have reportedly recovered the missing statue of Bitcoin creator Satoshi Nakamoto by artist Valentina Picozzi. The statue was found vandalized, ripped from its base in Parco Ciani, broken into pieces, and dumped into Lake Lugano.
Responding to the vandalism, Satoshigallery stated,
You can steal our symbol, but you will never be able to steal our souls.
3️⃣ CFTC Kicks Off New ‘Sprint’ Initiative To Advance Trump’s Crypto Regulatory Roadmap 👀
The U.S. Commodity Futures Trading Commission (CFTC) has announced the launch of the "Crypto Sprint" – an initiative aimed at implementing recommendations from President Trump's Working Group on Digital Asset Markets, aiming to make the U.S. the "crypto capital of the world."
Acting Chair Caroline Pham stated,
The CFTC is wasting no time in fulfilling President Trump’s vision to make America the crypto capital of the world. Providing regulatory clarity now and fostering innovation in digital asset markets will deliver on the Administration’s promise to usher in a Golden Age of Crypto.
4️⃣ French MPs Float Plan to Mine Bitcoin With Surplus Nuclear Energy 💸
A group of French MPs are reportedly drafting a law to use surplus nuclear energy from the state utility Électricité de France (EDF) facilities for bitcoin mining. MP Aurélien Lopez-Liguori described the initiative as a "secure and extremely profitable solution." For context, France is the largest producer of nuclear power in the European Union.
5️⃣ Lido Lays Off 15% Of Workforce For 'Long-Term Sustainability’ ‼️
Ethereum staking protocol Lido has reportedly laid off 15% of its workforce across Lido Labs, Lido Ecosystem, and Lido Alliance. Lido co-founder Vasiliy Shapovalov claimed that the move was done to prioritize the project’s long-term sustainability. In other words, the cuts are cost-driven rather than performance-based.
Shapovalov stated,
This decision was about costs — not performance. This is a difficult decision, but one rooted in long-term resilience. While it may seem counterintuitive amid a market upswing, the move reflects a deliberate commitment to sustainable growth, operational focus, and alignment with the priorities of LDO tokenholders.
