🌟 Cryptocurrency Market News | April 10, 2025 🌟

I. Market Performance: Divergent Rebound under Policy Fluctuations

1. $BTC: Increased correlation with US stocks, resilience highlighted

- 📉 Decline and rebound both weaker than US stocks: BTC fluctuating in the $75,000-$80,000 range, CoinShares analysts believe it may replicate the 'V-shaped rebound' pattern after the 2020 'crash', but must break through $82,000 to confirm trend reversal.

- 🛡️ Institutional holdings support: On-chain data shows a 15% increase in whale accumulation near $75,000, strengthening short-term bottom signals.

2. $ETH: Oversold Rebound and Bottom Guess

- 🚀 $1,400→$1,700 rebound: Exchange rate for BTC rises to 0.021 (+8%), market speculates a bottom formation, but staking rate (51%), on-chain revenue (daily average $100,000) remains sluggish, sustainability of rebound in doubt.

- 📊 Options market empowerment: Nasdaq ISE approved listing of ETHA options (position limit of 25,000 contracts), which may attract hedge fund arbitrage strategies.

3. $SOL: High Volatility Attributes Return

- 📈 Daily rebound of 15%: Price increased from $100 to $115, TVL rose 5% week-on-week (first increase observed), but the ecosystem relies on Meme coins (like $RFC) to attract traffic, long-term value narrative remains unhealed.

II. Policies and Regulations: Trump's 'Repetitive Back and Forth' and Federal Reserve Game

1. Trump's Tariff Policy

- 🇺🇸 Tariffs on China raised to 125%: After taking effect on April 9, global supply chain panic intensifies, but tariffs on other countries suspended for 90 days, policy contradictions trigger market fluctuations;

- 💬 Trump calls for 'buying opportunity': Attempts to reassure the market, but US Trade Representative Greer states 'the president has no authority to indefinitely raise tariffs', legal challenges may become the next variable.

2. Divergent Federal Reserve Stance

- 🏦 March meeting minutes release conflicting signals: Musallam supports 'balanced policy', Kashkari warns 'tariffs raise the threshold for rate cuts', market's expectation for a rate cut this year drops to 1.5 times.

III. Institutional and Project Dynamics: Compliance Narrative and Fund Shadow War

1. ETF Track Expansion

- 🐕 21Shares submits DOGE ETF application: Following the SOL ETF, the compliance process for Meme coins accelerates, but SEC approval rate is expected to be below 10%;

- ⚖️ First Digital sues Sun Yuchen for defamation: The public opinion battle surrounding the stablecoin FDUSD reserves escalates, which may impact the stablecoin landscape in Asia.

2. Fund Trends and Controversies

- 💸 WLFI sells ETH to stop loss: Cleared positions after incurring a floating loss of $125 million, market questions the project party's 'harvesting loyalty';

- 🐋 Andrew Kang increases BTC holdings: Deposited 2.27 million USDC into Hyperliquid to build positions, on-chain associated addresses suspected of having advance knowledge of policy shift.

3. DeFi Self-Rescue Experiment

- 🔄 Aave launches repurchase plan: First phase $4 million aEthUSDT used to support coin price, but $AAVE has still dropped over 50% this year, making ecosystem confidence recovery difficult.

⚡ Today's Focus:

- US March CPI data released (affecting rate cut expectations);

- SEC's preliminary response to DOGE ETF application;

- Can SOL's on-chain TVL maintain growth?