Crypto Recap โ April 4
๐จ๐ณ Cango sold its auto business for $352M, pivoting to BTC mining with Bitmain (32 EH/s).
๐ช Some platforms are silently converting USDT to USDC, likely due to regulatory pressure.
๐ 1,057 BTC (dormant for 7โ10 years) moved โ possibly prepping for sale.
๐ BTC dominance hits 62% โ highest since 2021.
๐จ๐ณ China to impose 34% tariffs on US goods starting April 10.
โ๏ธ CLS Global fined $428K, banned from US crypto markets for 3 years due to wash trading.
๐ DeFi Q1: active users -3%, TVL down 27%.
๐ช Grayscale filed updated Solana ETF application; $200M SOL unlock today.
๐ฐ Berkshire Hathaway holds $300B in cash.
๐บ๐ธ Fed: tariffs may raise inflation, recession risk rising, no rush on decisions.
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