Crypto-Panda

Next week’s macro outlook: Trump 'messed up', Federal Reserve officials will be fully mobilized.
The U.S.: Some products imported from China are exempt from the 'reciprocal tariffs', including smartphones, some computers, and laptops.
Santiment: The tariff exemption policy has sparked a positive response in the crypto market, with Bitcoin breaking through the resistance level of $83,000.
Vitalik: The growth of the application layer is precisely when good social philosophy is most needed.
BlackRock CEO: The economic recession may have already begun, but releasing new liquidity could become a catalyst for cryptocurrencies.
Binance contracts will launch PUMPUSDT, STOUSDT, and FHEUSDT perpetual contracts.

1. A New York state judge ruled that most of the civil securities fraud lawsuit filed by New York Attorney General Letitia James against Digital Currency Group (DCG) and its executives can proceed to trial. The lawsuit alleges that DCG, its CEO Barry Silbert, its bankrupt subsidiary Genesis Global Capital, and its former CEO Michael Moro colluded with the crypto exchange Gemini to conceal a $1 billion asset gap resulting from the collapse of Singapore hedge fund Three Arrows Capital (3AC) in 2022. James stated that DCG and Genesis falsely claimed on social media that DCG had absorbed Genesis's losses, when in fact they merely concealed the gap with a 10-year promissory note with a 1% annual interest rate, and DCG had never made any payments under that note. Although the judge dismissed two duplicative claims, the remaining claims will continue to be heard. DCG stated that it will continue to defend itself, claiming these allegations are baseless.

1. Todd Blanche, Deputy Attorney General of the U.S. Department of Justice (DOJ), recently decided to dissolve the National Cryptocurrency Enforcement Team (NCET), provoking strong criticism from six Democratic Senators. They stated in a letter to Blanche that this move is tantamount to 'giving a green light to cryptocurrency money launderers', undermining anti-money laundering (AML) and counter-terrorist financing (CFT) measures, and potentially allowing drug traffickers, terrorists, and fraudsters to exploit this loophole.
Blanche cited President Trump's executive order on cryptocurrency from January in a memorandum, emphasizing that the DOJ should not act as a regulator of digital assets. He instructed the DOJ to refrain from pursuing criminal charges against cryptocurrency exchanges, mixers, or offline wallets for user behavior or violations of regulations such as the Bank Secrecy Act, and instead focus on combating the use of digital assets for criminal activities, such as organized crime, gang financing, and terrorism.

1. Venture capital firm Andreessen Horowitz (a16z) likens stablecoins to WhatsApp in the international phone sector, believing they are fundamentally changing the way global funds are transferred by reducing costs and eliminating intermediaries. a16z points out that stablecoins make international transactions almost free and instant, while traditional methods involve multiple intermediaries and high fees. Despite regulatory challenges, the market size of stablecoins has exceeded $200 billion, with annual transaction volume surpassing that of Visa and Mastercard.

2. Former SEC commissioner Paul Atkins was confirmed by the U.S. Senate on April 9, 2025, to take over as SEC chairman. Atkins previously served as an SEC commissioner from 2002 to 2008, after which he worked in financial services consulting in Washington, advising several cryptocurrency companies. His appointment is seen as a support for the digital asset industry, and it is expected to drive clear regulatory policies for cryptocurrencies. However, some Democratic lawmakers criticized Atkins for his policy decisions during the 2008 financial crisis.

According to a joint report released by Ripple and the Boston Consulting Group (BCG) on April 7, 2025, the market size for tokenized assets is expected to reach $18.9 trillion by 2033, with a compound annual growth rate of 53%. The report notes that tokenization in areas such as currency markets, private credit, and carbon emissions can enhance operational efficiency. However, it also emphasizes five major obstacles, including fragmented infrastructure, limited interoperability among platforms, uneven regulatory progress, inconsistent custody frameworks, and a lack of standardization in smart contracts.

1. Recently, the U.S. Securities and Exchange Commission (SEC) has made the following important developments regarding cryptocurrency regulation:
Reassessing cryptocurrency-related guidelines: SEC Acting Chair Mark Uyeda stated that the Commission is reviewing past guidelines related to cryptocurrencies to ensure they align with current regulatory priorities. This review covers key documents such as Bitcoin futures, digital asset investment contracts, and custody frameworks, aiming to alleviate regulatory pressure in the digital asset space and potentially trigger new regulatory frameworks.
Clarification of the non-securities nature of certain stablecoins: The SEC's Division of Corporation Finance issued a statement indicating that certain stablecoins, which are backed one-to-one by high-quality liquid assets and can be redeemed for dollars at any time, do not fall under the category of securities. However, stablecoins like Tether may not meet these standards due to their reserves containing precious metals and other crypto assets, and their redemption terms may have limitations.

1. Americas cryptocurrency market daily: Bitcoin retraces gains, China increases tariff countermeasures.
Market dynamics:
After a brief rebound, Bitcoin fell back, influenced by global market risk aversion, with prices fluctuating around $80K.
China announces a new round of tariff countermeasures, imposing retaliatory tariffs on certain US products, causing market turmoil.
The correlation between the US stock and cryptocurrency markets deepens, with risk-averse funds flowing into gold, the US dollar, and US Treasuries, leading to an increase in demand for stable assets.
Market interpretation:
Macroeconomic uncertainty: The escalating US-China trade tensions may lead to capital outflows, putting downward pressure on Bitcoin in the short term.