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According to CoinMarketCap data, the global crypto market cap is $2.66T, a 0.83% increase over the last day.Bitcoin (BTC) traded between $83,275 and $85,500 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $84,371, up by 0.68%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include STRAX, BSW, and BIO, up by 71%, 35%, and 28%, respectively.Top stories of the day:Binance Reports 99.99% API Uptime in H2 2024, Reinforcing Reliability During Record Traffic Surges Binance Launches ‘Beyond the Boundary’ Campaign with Islamabad United to Support Orphans at Pakistan Sweet HomeBitcoin Investor Behavior Signals Potential Local PeakFamily Offices Favor Ethereum Over Bitcoin in ETP AllocationsFormer SEC Chair Predicts Bitcoin's Longevity Due to Global Interest Federal Reserve's Reverse Repo Operations Hit New Low Since 2021Dollar Index Declines as Bitcoin Shows Potential for Rebound Bitcoin Accumulation Trend Reaches Yearly High Despite Price Weakness Ethereum Holdings Decline Among Mid-Sized Wallets Panama City Council Approves Cryptocurrency Payments for Public ServicesMarket movers:ETH: $1593.24 (+1.16%)XRP: $2.0899 (+0.79%)BNB: $585.3 (+1.17%)SOL: $133.09 (+6.34%)DOGE: $0.15595 (+1.39%)ADA: $0.6155 (+1.48%)TRX: $0.245 (-3.51%)WBTC: $84388.17 (+0.78%)LINK: $12.44 (+1.80%)AVAX: $19.22 (+1.75%)

According to Watcher Guru: On April 10, 2025, President Donald Trump signed a joint congressional resolution repealing a contentious Internal Revenue Service (IRS) rule that sought to extend tax reporting obligations to decentralized finance (DeFi) platforms. 

11 April 2025Macro/TradFiThe reciprocal tariffs that went into effect on Wednesday are now paused for 90 days, except for China which remains at 125%. The baseline 10% tariff that went into effect on 5 April will remain in place. Effective April 12, 2025, China’s finance ministry announced that it will increase the tariff rate on goods imported from the US from 84% to 125%.The European Commission announced on 10 April that the European Union will match the US 90-day pause on tariffs, delaying its first tranche of retaliatory duties on US goods.Jobless claim filings increased by 4,000 to 223,000 but short of the forecast of 225,000, indicating that the labour market remains broadly healthy despite an ongoing trade war.According to VanEck, China and Russia are confirmed to be using Bitcoin to settle some energy trades.Blackrock has included Anchorage Digital Bank as an additional custodian of its Bitcoin holdings besides its primary custodian, Coinbase.Cboe Digital, the crypto arm of the Chicago Board of Options Exchange, is aiming to roll out a new BTC futures product in partnership with FTSE Russell.Fidelity Investments launched Crypto for IRAs after customer demand, enabling investors the opportunity to trade and hold crypto assets in tax-advantaged accounts.21Shares filed an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday for a spot Dogecoin exchange-traded fund.The U.S. Securities and Exchange Commission approved trading options on Wednesday for Ethereum ETFs issued by iShares, Bitwise and Grayscale.CryptoL1/L2:Interchain Labs unveiled IBC Eureka to connect the Ethereum and Cosmos blockchain systems, with plans to add Solana, Base and Arbitrum in the future.Solana developers introduced “Confidential Balances” which are a series of zero-knowledge powered token extensions to improve on-chain privacy.Rootstock plans to enable developers to build L2 networks on Bitcoin using the programming language BitVMX.DeFi:Borrowing demand across DeFi has fallen off, with US dollar stablecoin yield at 2.8% as compared to traditional markets at 4.3%.Tokenized gold trading volume hit a two-year high this week, eclipsing US$1 billion as investors pivoted towards safe-haven assets amid macro uncertainty.Aave successfully passed a governance proposal to enable the protocol to buy back US$4 million worth of its governance token.Others:NFT marketplace Magic Eden has acquired Slingshot, a trading app that allows users to trade tokens from a single USDC balance across multiple protocols.The US Department of Justice has disbanded its National Cryptocurrency Enforcement Team and ordered its Market Integrity and Major Frauds Unit to cease crypto enforcement.Pakistan plans to allocate part of its surplus electricity to Bitcoin mining and AI data centres.Ripple announced on Tuesday that it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal.Binance has announced the integration of Apple Pay and Google Pay into its fiat onramp ecosystem as part of a partnership with Worldpay.Alternative asset manager Apollo Global Management has made a strategic investment into Plume Network, a real-world asset tokenization platform. Latest Binance Research Publications Check out our latest publications:Tariff Escalation and Crypto Markets: Impact AnalysisNavigating Crypto: Industry MapWhere Are Our Airdrops Going?The Future of Bitcoin #4: DeFiThat’s a wrap!Binance ResearchAbout Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

Crypto trading activity slumps, but Binance tightens its grip as top liquidity hubBitcoin and altcoin spot trading volumes have plunged sharply since February 2025, with Bitcoin trading volume dropping 77% from its yearly peak, according to a new report by on-chain analytics firm CryptoQuant. Despite the broader market slowdown, Binance has gained significant market share, now handling nearly 50% of all crypto spot trading volume.Key Figures:Bitcoin trading volume fell from $44B (Feb 3) to $10B (end of Q1) — a 77% decline.Altcoin spot trading volume dropped from $122B to $23B, an 80% fall.Binance’s share of BTC spot trading volume rose from 33% to 49%.Binance’s altcoin trading dominance grew from 38% to 44%.Trading Volume Freeze Reflects Market SentimentCryptoQuant analysts suggest the decline reflects growing investor fear and uncertainty, with traders moving to the sidelines amid macroeconomic instability, falling prices, and anticipation around the upcoming U.S. CPI print."A drop of this magnitude implies that many traders are either losing confidence or choosing to wait for clearer signals before re-entering the market,” the report noted.Binance Gains as Others RetreatAs overall trading activity dries up, Binance has emerged as the primary liquidity hub. The exchange’s resilience during high-volatility periods has helped it retain — and even grow — its market dominance.Altcoins like BNB, TON, and EOS continue to see relatively strong trading activity on Binance, despite the sector-wide downturn.BTC Inflows to Binance AccelerateCryptoQuant analyst Martuun highlighted a sharp spike in Bitcoin inflows to Binance over the last 12 days, ahead of the U.S. inflation report:“Bitcoin reserves on Binance surged from 568,768 BTC (Mar 28) to 590,874 BTC (Apr 9) — an increase of 22,106 BTC worth $1.82B.”The trend may signal potential sell-side pressure, or investors preparing to reposition in response to macro shifts, according to CoinDesk.

According to CoinMarketCap data, the global crypto market cap is $2.44T, a 7.70% decrease over the last day.Bitcoin (BTC) traded between $74,508 and $83,172 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $76,300, down by 8.20%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include FORTH, NIL, and TST, up by 20%, 8%, and 6%, respectively.Top stories of the day:Binance Square Official Account Hits 1 Million Followers Binance’s Yi He: “Every Tech Revolution Starts With a Bubble — But Real Value Always Emerges”Binance Updates April Proof-of-Reserves, Adds NEAR With 106.47% BackingCrypto ETPs See $240M in Outflows Amid U.S. Tariff Turmoil, Led by Grayscale’s $1.4B YTD Exodus Over 50 Nations Engaged in Tariff Negotiations, U.S. Official Suggests Easing Language Strategy Reports $8.22 Billion in Outstanding Debt as of March 31 Crypto Market Crash Deepens as XRP, SOL, DOGE Plunge 20%; Traders Brace for More Losses Ahead of U.S. Market Open Bitcoin's Double Top Formation and Australian Dollar Rebound Indicate Potential End to Risk Asset Sell-Off Federal Reserve Board to Hold Closed-Door Meeting Ethereum's Market Value to Realized Value Ratio Hits Lowest Since 2022Market movers:ETH: $1496 (-16.65%)XRP: $1.7613 (-16.18%)BNB: $540.1 (-8.40%)SOL: $100.45 (-16.28%)DOGE: $0.13776 (-16.67%)TRX: $0.2258 (-5.17%)ADA: $0.5449 (-15.08%)WBTC: $76114.91 (-8.29%)TON: $3.033 (-8.70%)TRUMP: $7.6 (-16.30%)

According to PANews, market sentiment has sharply deteriorated following U.S. President Donald Trump's announcement of a tariff proposal, intensifying concerns about global growth prospects and causing a significant drop in U.S. stock markets. On Friday, the S&P 500 index saw its market value plummet by $1.5 trillion, with a cumulative loss of $3.5 trillion over two trading days. Major tech stocks declined, and the Nasdaq index closed more than 20% below its record high from December last year, entering a technical bear market.Looking ahead to next week, the outlook on tariffs remains uncertain. Investors are advised to focus on potential agreements between the U.S. and other countries, which could help improve market sentiment. Without any agreements, and if more countries respond with tariffs, the market may face another challenging week.Key events for the upcoming week include:- Wednesday 02:00 (UTC+8): San Francisco Fed President Daly participates in a discussion on "Fed Economic Outlook and Work."- Wednesday 23:00 (UTC+8): Richmond Fed President Barkin delivers a speech.- Wednesday 21:30 (UTC+8): Dallas Fed President Logan gives a welcome address at an event.- Thursday 02:00 (UTC+8): Federal Reserve releases minutes from the March monetary policy meeting.- Thursday 20:30 (UTC+8): U.S. March CPI data and initial jobless claims for the week ending April 5.- Friday 00:00 (UTC+8): Chicago Fed President Goolsbee speaks at the New York Economic Club.- Friday 00:30 (UTC+8): Philadelphia Fed President Harker discusses fintech.- Friday 20:30 (UTC+8): U.S. March PPI data.- Friday 22:00 (UTC+8): St. Louis Fed President Mussa speaks on U.S. economy and monetary policy.- Friday 22:00 (UTC+8): U.S. April one-year inflation rate preliminary estimate and University of Michigan consumer sentiment index preliminary value.- Friday 23:00 (UTC+8): New York Fed President Williams discusses economic outlook and monetary policy.Given the current uncertainties, dollar traders will focus on the U.S. March CPI data set to be released next Thursday. Tariffs pose a threat not only to economic activity but also to inflation, presenting an upward risk. If CPI data accelerates further, it may lead traders to reduce some rate cut bets. Besides CPI data, PPI data and inflation expectations could also become key market drivers.

According to CoinMarketCap data, the global crypto market cap is $2.63T, a 3.61% decrease over the last day.Bitcoin (BTC) traded between $82,176 and $88,500 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $83,633, down by 1.71%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include RARE, FUN, and W, up by 40%, 17%, and 14%, respectively.Top stories of the day:U.S. Senate Approves Bill to End Tariffs on Canadian Imports Economists Warn of Potential Recession Due to U.S. TariffsCanada to Implement Countermeasures Against U.S. Tariffs U.S. Declares National Emergency to Enhance Security and Competitiveness U.S. Weekly Jobless Claims Fall Below Expectations Bitcoin Hashrate Surges Amid Network and Price DiscrepancyU.S. Corporate Layoffs Reach Record High in March Ripple Unlocks 500 Million XRP Worth Over $1 Billion Kazakhstan and UAE Strengthen Cooperation in Digital Assets and Blockchain Bitcoin Whales Resume Accumulation Amid Market DownturnMarket movers:ETH: $1817.48 (-3.30%)XRP: $2.0449 (-3.57%)BNB: $599.9 (-0.64%)SOL: $118.26 (-6.08%)DOGE: $0.16393 (-4.57%)ADA: $0.651 (-4.43%)TRX: $0.2336 (-1.52%)WBTC: $83527.57 (-1.73%)TON: $3.715 (-8.72%)TRUMP: $9.3 (-10.75%)

According to CoinMarketCap data, the global crypto market cap is $2.72T, a 2.61% increase over the last day.Bitcoin (BTC) traded between $81,291 and $84,329 over the past 24 hours. As of 09:30 AM (UTC) today, it is trading at $84,267, up 3.41%.Most major cryptocurrencies by market cap are showing mixed performance. Market outperformers include GUN, COMP, and CRV, up by 153%, 35%, and 19%, respectively.Top stories of the day:U.S. Government to Disclose Bitcoin Holdings Following Presidential DirectiveU.S. Senator Proposes Bill to Allow Retirement Investments in CryptocurrencyGrayscale Submits Application to Register Digital Large Cap Fund as ETFPantera Launches Fund V for Comprehensive Blockchain InvestmentsMetaplanet Purchases an Additional 696 BTCFidelity Report Suggests Bitcoin May Enter New Acceleration PhaseTrump’s Trade War Rattles Bitcoin, Solana Revenue Plummets, and $22M Lost to DeFi Hacks Global Debt Surpasses $300 Trillion, Raising Inflation Concerns Bitcoin Holders Show Increased Profitability as Long-Term Holding Trends Emerge Trump Hints at Upcoming Tariff Details AnnouncementMarket movers:ETH: $1881.49 (+5.05%)XRP: $2.1745 (+5.32%)BNB: $616.73 (+4.31%)SOL: $128.69 (+3.66%)DOGE: $0.17366 (+7.00%)ADA: $0.6803 (+6.66%)TRX: $0.2345 (+0.77%)WBTC: $84129.75 (+3.35%)TON: $4.137 (+6.38%)TRUMP: $10.38 (+4.53%)

According to CoinMarketCap data, the global crypto market cap is $2.86T, a 0.13% decrease over the last day.Bitcoin (BTC)  traded between $86,310 and $88,765 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $86,871, down by 0.45%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include NIL, FORM, and LAYER, up by 104%, 27%, and 27%, respectively.Top stories of the day:U.S. Government Currently Holds $17.621 Billion Worth of CryptocurrencyTrump Urges Federal Reserve to Lower Interest RatesSEC Pushes Forward "Crypto 2.0" Initiative, Backs New Presidential Task Force on Digital AssetsBlackRock to Launch Bitcoin ETP in EuropeHouse of Doge Launches Dogecoin Reserve to Enhance Global Payment CapabilitiesCrypto ETFs Gaining Massive Popularity Among U.S. Advisors as 'Reputational' Risk GoneBitcoin's Valuation Relative to Gold May Face Major Reset, Says Bloomberg's StrategistBitcoin's Current Cycle Indicates Healthy Consolidation, Says ResearcherBTC May See a Boost from Trump's Tariff Exemption Remarks, But the Options Market Remains CautiousArthur Hayes Predicts Ethereum Surge Before Solana Hits $300Market movers:ETH: $2064.65 (-1.17%)XRP: $2.4332 (-0.89%)BNB: $643.08 (+2.56%)SOL: $140.73 (+0.56%)DOGE: $0.18474 (+4.92%)ADA: $0.7473 (+2.65%)TRX: $0.2277 (-0.44%)WBTC: $86771.26 (-0.48%)TRUMP: $11.47 (-3.78%)LINK: $15.29 (+0.53%)

The global cryptocurrency market cap now stands at $2.77T, up by 0.08% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $83,625 and $84,539 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $84,338, down by 0.01%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include W, API3, and MOVR, up by 46%, 28%, and 11%, respectively.Top stories of the day:Bloomberg Estimates 30% Likelihood of U.S. Government Buying BitcoinCME FedWatch Tool Shows 14.3% Probability of 25bps Rate Cut in MayNvidia's Stock Faces Bearish Signal, AI Tokens Remain Unaffected: AnalystUAE Leads Global Cryptocurrency Obsession, Study FindsJapanese Real Estate Firm Open House Group Expands Cryptocurrency Payment OptionsFidelity Seeks SEC Approval for OnChain Stock Class in Digital FundMarket movers:ETH: $2012.35 (+0.76%)XRP: $2.3938 (-0.59%)BNB: $622.55 (-1.53%)SOL: $131.17 (+0.54%)DOGE: $0.17037 (+0.60%)ADA: $0.7102 (-0.67%)TRX: $0.2384 (+1.15%)WBTC: $84243.42 (-0.01%)TRUMP: $10.87 (-2.25%)TON: $3.682 (+2.45%)

According to Foresight News, as reported by Cointelegraph, BNB Chain has surpassed Solana in 24-hour decentralized exchange (DEX) trading volume. The BNB Chain ecosystem recorded a DEX trading volume of approximately $1.636 billion, while Solana's ecosystem registered around $1.077 billion.