🌟 Cryptocurrency Market News | April 12, 2025, 10:08 🌟
1. Market Performance: Divergence Pattern Under Policy Disturbance
1. $BTC: Linked to US Stocks, Range Fluctuation
- 📊 Price Range: Narrow fluctuations between $75,000-$80,000, with a daily amplitude of <3%, maintaining a correlation of 0.85 with the S&P 500, CME futures open interest decreased to $1.8 billion (down 22% month-on-month), lacking directional breakthrough momentum in the short term.
- 🛡️ Safe-Haven Attribute Verification: Spot gold reached a new high of $3,240, but BTC did not strengthen in sync, with some funds shifting to traditional safe-haven assets.
2. $ETH: Bears Dominate, Ecosystem Weak
- 📉 Weak Price: Range consolidation at $1,550-$1,650, staking rate dropped to 48% (a historical low), average on-chain Gas fee at $0.2, and weekly DEX trading volume shrank to $5 billion (down 60% from peak).
3. $SOL: Leverage Effect and Compliance Narrative Resonance
- 🚀 On-Chain Recovery: TVL rebounded to $4.5 billion (up 15% week-on-week), DEX trading volume at $3 billion (Meme coins contributed over 50%), price rebounded to above $120, and the SOL/BTC exchange rate rose to 0.0015 (up 12% month-on-month).
2. Policy and Regulation: Key Progress Verification
1. Trump's Policy Dynamics
- 🌐 Tariff Adjustment: Tariffs on China raised to 125%, effective April 9, but paused for 90 days on the EU, Japan, South Korea, etc., with the White House stating 'willing to restart negotiations', analysts believe the actual impact may be delayed until May.
- 📜 Crypto Tax Repeal: The '30% Digital Asset Tax Clause' from Biden's administration has been officially repealed, with on-chain data showing a 30% week-on-week increase in transaction volume for US addresses.
2. SEC Regulatory Trends
- 🤝 Binance Settlement Progress: After the lawsuit was paused, both parties are discussing a 'regulatory sandbox' pilot (allowing tokenized securities trading), with specific rules expected to be announced by the end of April.
- 📑 Solana ETF Acceptance: Fidelity and VanEck have applied to enter the SEC's preliminary review stage, with Janover announcing a SOL holding strategy, resulting in a 1,100% single-day stock price increase (market cap $240 million).
3. Federal Reserve's Position
- 💬 Officials' Statements:
- Williams expects tariffs to push inflation to 3.5%-4%, with annual rate cut expectations dropping to 0-1 time;
- St. Louis Fed President Musalem warns of 'stagflation risks' and calls for a pause in policy intervention.
3. Ecology and Capital: Data Verification and Risk Warning
1. Solana Ecosystem Verification
- 🔍 ETF Correlation: Janover holds 21,000 SOL (approximately $2.52 million), accounting for 85% of its total assets, with the market value management strategy highly similar to MicroStrategy.
- ⚠️ Unlock Risk: FTX/Alameda addresses transferred 186,000 SOL (approximately $22.32 million) to 22 new addresses, with on-chain monitoring showing that some have flowed into exchanges.
2. Market Controversial Events
- 💥 $TRUMP Token Unlock: On April 15, $320 million of circulation will be released, with the token model lacking a burn mechanism, and the top 10 holdings accounting for 91%, posing a high risk of going to zero.
- ❓ Binance Listing Rules: The community questions the new voting activity for having a 'paid promotion' tendency, and the platform responds that 'transparency will be optimized.'
🚨 Reminder: The market is in a high policy sensitivity period, avoid relying on a single information source, and it is recommended to make decisions based on multi-dimensional data.
