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April 13, 2025 Organized Cryptocurrency Market News:

Market Overview

- Cryptocurrencies, including Bitcoin, surged across the board in the past 24 hours, with Bitcoin breaking the $85,000 mark after previously dipping to $78,000, Ethereum rising over 5%, and Trump Coin increasing by more than 7%.

- The total market capitalization of cryptocurrencies exceeded $2.8 trillion, with a 24-hour increase of 1% and a 24-hour trading volume of $79.9695 billion. Currently, BTC's market share is 60.4%.

Project and Trading Updates

- Binance founder CZ clarified media allegations regarding his involvement in money laundering, stating that the accusations are baseless and emphasizing his efforts in anti-money laundering compliance.

- DWF Labs deployed six DeFi liquidity pools worth a total of $18 million for the Trump family's cryptocurrency project, World Liberty Financial USD (USD1).

Market and Regulatory Developments

- Tim Scott, Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, stated that the cryptocurrency market bill is expected to become law by August 2025.

- There was a significant net inflow into Bitcoin, with a net inflow of $26.83 million in the past 12 hours, a total buying volume of $84.55 million, and total selling volume of $57.72 million, indicating a bullish sentiment among market participants towards BTC.

- The total amount of liquidations across the network reached $161 million, with short position liquidations accounting for the vast majority.

Industry-related Events

- Hong Kong held the 2025 Web3 Carnival, gathering major figures from the global blockchain and Web3 sectors. The event took place from April 6 to April 9 and may help Hong Kong regain its status in the Asian financial economy.

Market Views and Predictions

- Joe Burnett, Director of Market Research at Unchained, stated during the Chainreaction live show that Bitcoin is expected to reach $1.8 million by 2035.