Markhor Trader11

Tether, the world's largest stablecoin issuer, may launch a new US-compliant stablecoin if impending American regulations push USDT out of the market, according to CEO Paolo Ardoino.
In an interview, Ardoino downplayed the impact of U.S. regulatory developments on the company’s global operations. Despite speculation that Tether may be forced to exit the U.S. market, Ardoino said the company is currently exploring contingency plans, including the creation of a new stablecoin specifically designed for U.S. compliance.
“We believe our main stablecoin is perfect for emerging markets, but we can create a payments stablecoin that works for the US,” Ardoino said. “We need to have two products with two different value propositions.”
However, bipartisan efforts in the US Congress are raising questions about the future of foreign-issued stablecoins. The House’s STABLE Act and the Senate’s GENIUS Act propose strict requirements for stablecoin issuers, including compliance with the Bank Secrecy Act, regular audits, and anti-money laundering (AML) protocols. Tether, headquartered in El Salvador, would fall under these provisions.
While critics have long questioned Tether’s reserve transparency, arguing that the company has never undergone a full audit, Ardoino claimed that the firm is in talks with “Big Four” accounting firms about conducting an audit.
Addressing speculation that Tether would exit the U.S. entirely to avoid regulatory scrutiny, Ardoino described such claims as “the whiff of desperation” from rivals hoping to sideline Tether. “Here I am,” he said from the New York offices of Cantor Fitzgerald, a major custodian of Tether’s U.S. Treasury reserves.
*This is not investment advice.
#StopLossStrategies

Cryptocurrency Prices on April 6, 2025
The cryptocurrency market continued to display volatility on April 6.
According to Binance, as of 2:00 PM KST, Bitcoin (BTC) fell by 0.29% to $83,449.38, while Ethereum (ETH) edged down by 0.12% to $1,807.96.
XRP (XRP) recorded a slight gain of 0.34%, trading at $2.13. Dogecoin (DOGE) dropped by 1.04% to $0.1674, and Solana (SOL) declined by 0.61% to $119.80. Avalanche (AVAX) saw a larger drop of 3.91%, falling to $17.36, and Shiba Inu (SHIB) decreased by 0.56%, trading at $0.00001223. Aptos (APT) dipped by 0.04% to $4.84, while Sui (SUI) declined by 2.72% to $2.17.

Top Crypto Gainers & Losers (Data)
Pi (PI) recorded the highest gain, surging 42.44% in the past 24 hours. On the other hand, Zcash (ZEC) suffered the largest drop, declining 5.45% during the same period.
Among other altcoins, Quai Network (QUAI) rose by 5.36% to $0.09516, while Aleo (ALEO) plummeted by 13.81% to $0.1438.
Two new cryptocurrencies were listed on CoinMarketCap in the past 24 hours: DOGE TO MOON (DOGEMOON), priced at $0.0114, and boob (BOOB), priced at $0.000046.
$BTC

As Sunday rolls around, the cryptocurrency landscape anticipates notable shifts that could affect market activities. Recent tariff declarations and various economic dynamics are poised to trigger significant fluctuations in the coming days. What are the essential events that could lead to volatility for crypto enthusiasts?
Key Developments Impacting Crypto
On Friday, Federal Reserve Chair Jerome Powell offered little clarity on potential interest rate reductions. Speculation persists that economic downturns may prompt the Fed to intervene. Reflecting on past actions, in 2021, the Fed insisted that “inflation is temporary” even before enacting rapid rate hikes. Currently, the Fed seems untroubled by recession signals and is anticipated to implement multiple rate cuts by year-end.
What Are the Upcoming Events?
Following Friday’s data release, market sentiment evolved, increasing expectations for five rate cuts by year-end due to retaliatory measures from China. Earlier, projections were limited to one or two cuts. Current discussions suggest a shift in outlook, with global trade conditions worsening and both the U.S. and China likely needing to inject liquidity to boost market demand amidst these turbulent times.
Upcoming events of interest include:
Tuesday, April 8
21:00 – Fed’s Daly will speakParis Blockchain Week
Wednesday, April 9
18:00 – Fed’s Barkin21:00 – Release of Fed Minutes
Thursday, April 10
15:30 – U.S. CPI (Expectation: 2.6%, Previous: 2.8%)Core CPI (Expectation: 3%, Previous: 3.1%)18:30 – Fed’s Logan19:30 – Fed’s HarkerDo Kwon’s U.S. Court Hearing
Friday, April 11
15:30 – U.S. PPI (Expectation: 3.3%, Previous: 3%)Core PPI (Expectation: 3.6%, Previous: 3.4%)
The influence of U.S. tariffs on metrics like inflation and producer costs is set to emerge over three months. Existing data is expected to reflect rising prices, even prior to the tariffs taking effect. In the upcoming months, we should witness an uptick in inflation and cost indicators as a direct result of these tariffs.
The Federal Reserve’s indecision on rate cuts may lead to market uncertainty.Global trade conditions are deteriorating, necessitating liquidity infusions.Upcoming Fed Minutes could reveal crucial insights regarding interest rates.Expectations of inflation increases due to recent tariffs are forming.
With the evolving economic landscape, crypto enthusiasts must stay alert to market signals and upcoming events, as they hold the power to create significant waves in the cryptocurrency domain.
#DiversifyYourAssets

The Bitcoin (BTC) price remains at around $83,300 as the first week of the second quarter concludes, having dipped to $82,379 in the last 24 hours. Despite concerns, U.S. stock markets, shaken by tariffs, did not plunge as feared, but the long-standing negativity has yet to be compensated for.
Bitcoin’s Market Position
In recent weeks, Trump had asserted that tariffs would not be a bargaining chip and that there would be no changes in rates. However, recent statements indicate that discussions with the rest of the world are accelerating due to the revelation of rates. China has also announced additional taxes equal to the tariffs imposed, emphasizing its determination.
The escalating U.S. debt has prompted Trump to take action, yet his promise to alleviate the cost of living during the election period has not materialized. Facing rising costs exacerbated by tariffs, hundreds of thousands of citizens have initiated anti-Trump protests across various states.
Hayes and several experts suggest that if Bitcoin does not see levels below $77,000 amid the chaos, there may be potential for the price to rise. Analyzing recent candlesticks, we observe that BTC has been fluctuating within a very limited range. Despite losses exceeding 10% in stocks and commodities, Bitcoin has remained resilient, with two potential paths ahead.
One possibility is that the BTC price may initiate a new upward wave by closing above $87,000. Alternatively, following the familiar narrative of delayed pricing of “big bad news,” it could drop below $81,200 and test $76,850. Below that, a significant support level will be at $66,860. In summary, it is difficult to assert that the recent shock tariffs have been fully priced in for BTC, and a delayed reaction could occur in either direction in the coming days.
Cryptocurrency Trends
In the weekly chart, EOS stands out as one of the few altcoins among the top 100 that is faring well. Other cryptocurrencies expected to finish the week on a positive note include PENDLE, ATOM, and OKB. In contrast, IMX, IP, BERA, JUP, and JTO continue their downward trend with losses exceeding 20%.
Pi Coin has experienced a sharp increase in the last 24 hours, recovering from weekly losses. Following XRP and SOL Coin, Pi Coin is the altcoin with the highest trading volume, indicating continued volatility.
#BTCvsMarkets

Tether, a stablecoin issuer, made headlines with its impressive $13 billion profit last year. This figure surpasses many well-known financial firms, including Goldman Sachs. Despite having no official approval from U.S. regulators and a small workforce of fewer than 200 employees, Tether is making a bold bet on the U.S. dollar.
As tariffs imposed by Donald Trump disrupt the global economy, Tether aims to strengthen the dollar's presence worldwide. CEO Paolo Ardoino stated that they are building the largest distribution network for the U.S. dollar in history. Tether's stablecoin, USDT, is pegged to the dollar and serves as a stable digital alternative to cash. It is widely used by crypto traders for transactions and to mitigate volatility.
Stablecoins like USDT are gaining traction as they offer efficient global money transfers, especially in countries with weak financial systems. A significant milestone occurred when Stripe acquired Bridge, a company that helps businesses accept stablecoin payments. This acquisition highlights the growing acceptance of stablecoins in mainstream finance.
Tether is the leading stablecoin, holding over 60% of the market with more than $140 billion in circulation. Its popularity is particularly evident in emerging markets, where it is used for remittances and as a hedge against inflation and political instability. Ardoino noted that many people in these markets prefer holding U.S. dollars over their national currencies.
However, the dollar's future is uncertain due to Trump's tariffs and rising trade tensions. Some economists warn of a potential crisis of confidence in the dollar. Meanwhile, countries like China and Russia are exploring alternatives to reduce reliance on the U.S. currency.
Ardoino is concerned about the implications of these developments. He believes that a strong dollar is beneficial for the global economy and Tether's success. He urges U.S. policymakers to support dollar stablecoins to maintain the dollar's dominance amidst growing geopolitical challenges.
#BinanceEarnYieldArena

The AI Prophecy memecoin has crashed over 70% in 3 days after Binance’s adjustment of the leverage and margin tiers for ACT/USDT pair had triggered liquidations and forced sell-offs.
The AI Prophecy (ACT) continues to bleed, currently trading at $0.05, down by 24% in the past 24 hours. The crash began on April 1, as part of a broader market downturn that saw several altcoins on Binance drop between 20 – 50% in a single day. ACT saw the largest drop, crashing almost 60% from $0.19 to $0.08 in less than an hour and its market cap losing $96 million.
In response, the ACT team launched an investigation to identify the cause of the crash. Yesterday, they posted an update attributing it to Binance’s recent changes to leverage and margin tiers for multiple tokens, including ACT.
Post Mortem

Dear ACT Community,

Over the past 24 hours, the ACT token experienced a significant and sudden price drop.
We want to address the incident transparently and provide context.
As you know, we are a community-driven project with no centralized leadership, and our…— Act I : The AI Prophecy (@ACTICOMMUNITY) April 2, 2025
You might also like: ACT team launches investigation into near 50% price drop on Binance
On April 1, Binance reduced the maximum leverage position for ACT/USDT futures to $4.5 million and changed margin tiers, announcing the changes only 3 hours before implementation. As a result, traders who held leveraged positions on ACT were forced to reduce them, which triggered massive sell pressure. Binance’s investigation attributed the price crash to four users—three VIP traders and one non-VIP—selling a combined total of over $1 million worth of ACT on Binance spot market.
The incident wiped 57 % from ACT price on April 1 alone, as the price opened at $0.19 and closed at $0.08 on that day. On April 2, ACT continued to bleed, losing further 35% and stabilizing at around $0.05. Its market cap now stands at $49.5 million, down by 94% since its zenith at $890 million.

Ethereum is in the spotlight again, but not for good reasons. Hackers broke into Bybit’s secure storage, known as a cold wallet, and stole over $1 billion worth of Ethereum tokens. More than 401,000 ETH, including staked tokens, were taken. Following the news, Ethereum dropped over 5% to $2,700 in the last 24 hours.
In response to the controversy, Crypto analyst, Justin Bechler argues that Ethereum is facing an impossible dilemma due to the involvement of North Korean hackers in illicit transactions. His claim stems from a growing debate on whether Ethereum should take action to reverse these transactions or allow them to stand. 
A Tough Decision for Ethereum
Recently the X has turned into a war zone where many are trolling the ETH founder while others suggest he should stay out of controversy by taking action against the hackers. Matthew R. Kratter, a well-known analyst, believes Ethereum’s leadership, including Ethereum’s co-founder [popover-profile type="person" name="vitalikbuterin"] should be held responsible if they don’t act. He argues that allowing hackers to keep the stolen ETH makes Ethereum an indirect supporter of global terrorism.
Analyzing the situation, Justin Bechler said that Ethereum is facing an impossible choice. He argues that, if Ethereum rolls back the transactions through a hard fork, it would prove that Ethereum is centralized, contradicting the fundamental blockchain principle of immutability. 
However, if Ethereum does nothing, it risks being linked to terrorism financing, which could lead to severe regulatory consequences.
Should Ethereum Roll Back the Chain?
Some believe Ethereum should step in and reverse the transactions. Arthur Hayes, the co-founder of BitMEX and a big ETH holder, publicly asked Vitalik Buterin to roll back the network and return the stolen funds to Bybit. He points out that Ethereum already did something similar in 2016 after the infamous DAO hack, so why not do it again? But so far, Vitalik hasn’t responded.
However, doing this would confirm claims that Ethereum is centralized, meaning it can be controlled like a regular company rather than an independent blockchain. One of the biggest selling points of crypto is that transactions cannot be changed. If Ethereum breaks this rule, its reputation could take a huge hit.
Bitcoin Maxis Troll Ethereum
Bitcoin supporters, including Samson Mow, are having a field day. They’ve been posting identical tweets pretending that they and Vitalik are “discussing rolling back Ethereum.” Mow jokes that if Ethereum does this, they should create a separate version of Ethereum called ETHNK (short for North Korea Ethereum) that holds the stolen funds. Meanwhile, Binance and other big exchanges are stepping in to help Bybit by sending millions of dollars in ETH to support the exchange.
What Happens Next?
If Ethereum does nothing, the stolen funds could be used to finance North Korea’s cyberattacks, making Ethereum a target for global regulators. The U.S. could impose strict sanctions, making it harder for Ethereum to work with banks and businesses. On the other hand, if Ethereum interferes, it risks losing trust in the crypto community.
So the big question isn’t if Ethereum will face problems, but how fast they will come
$ETH

The United States Department of Justice (DOJ) has extradited a Brazilian national to the United States of America from Switzerland over a $290 million cryptocurrency fraud scheme between 2016 and 2021.
According to the DOJ, the citizen of Brazil appeared at the United States District Court in Seattle, where he is facing a 13-count indictment for wire fraud and conspiracy related to his Bitcoin investment scheme. Authorities claim the defendant, 48-year-old Dover Braga, lived in Florida between 2016 and 2021 when he carried out most of his fraudulent activities.
In the DOJ indictment, Braga was accused of running a Bitcoin investment scheme that acted as a front for a Ponzi scheme alongside an illegal multilevel marketing scheme. The grand jury returned the indictment in October 2022, and it was unsealed after authorities apprehended the suspect in Switzerland.
Braga pleaded ‘Not Guilty’ to the charges and the trial, which will be presided by US District Judge Tana Lin, was scheduled for April 28, 2025.
DOJ extradites suspect to the US over $290M scam
According to the DOJ indictment, Braga and his accomplices conspired to create a crypto trading and investment platform called Trade Coin Club (TCC), with a physical office in Belize. In 2016, Braga, alongside his co-conspirators, started promoting TCC, promising investors that they could make money from investing in Bitcoin on the platform.
Braga told investors that the platform had sophisticated software that would enable investors to make profits from the fluctuating price of the leading digital assets. He also promised investors certain rewards and percentages for inviting new users to the platform. In reality, the platform had no sophisticated software and the platform did not exist. Investors who were early to the platform were paid off by funds from new investors, taking the shape of a Ponzi scheme.
The DOJ indictment also mentioned that Braga traveled globally to promote the fake platform, going to Thailand in March 2017, before going to Nigeria and Macau in May 2017. The platform was promoted on social media and at events, where Braga claimed at some of the events that the platform had about 126,000 members across 231 countries.
The DOJ mentioned that through his fake promises, he induced thousands of people to entrust him with about 82,000 BTC worth $290 million at the time, with most of them depositing it on TCC. He also layered his criminal activity, creating a website for users to track their investments. However, it turned out that the website was fictitious and no trading activity was happening.
According to the authorities, Braga started to misappropriate investor funds, with records showing that he took out at least $50 million in BTC between December 2016 and July 2019. However, trouble started when investors started to request their funds in 2017 and early 2018. In January 2018, TCC informed investors that it was ceasing operations in the United States, noting that it would cancel their accounts.
Investigations uncover Braga’s tax crimes
According to authorities, Braga profited greatly from his crimes while failing to report his earnings to the Internal Revenue Service (IRS). Authorities said that in 2017, he received Bitcoin worth $30.5 million, but only reported $152,298 income for the year. The following year, he received $13 million in BTC but told the IRS he made $73,473 for the year. In 2019, he received $10 million worth of Bitcoin but reported $72,473.
According to the Special Agent in charge of the FBI Seattle field office, the crime that Braga was charged with is now new, he just used a new technology as a cover to defraud investors. “While the victims in this case waited and wondered about the fate of their investments, he siphoned off millions of dollars for his personal use. This case demonstrates the determination of the FBI and our partners in IRS Criminal Investigation to hold fraudsters accountable, no matter where in the world they may be,” he said.
The US Attorney Teal Luthy Miller also commended the FBI, IRS, and other federal partners for helping them solve the case. “The victim investors have waited years to see justice. I commend our federal partners at the FBI and IRS Criminal Investigation for their diligent work on this case,” the US Attorney said.
Braga is presently facing 12 counts of wire fraud, representing 12 wire transfers made by 12 investors to TCC to deposit in their accounts on the platform. He is also facing a count of conspiracy to commit wire fraud. If found guilty, Braga could spend up to 20 years in prison for each of the charges.
#VIRTUALWhale