Good Morning,

Here's a quick preview of today’s content: Citgroup has a massive prediction for stablecoins, crypto reporting requirements just changed in a big way for banks, multiple crypto ETF decisions delayed, Juventus gets deeper backing from Tether, A father worked with his son on a 8-figure crypto scam, and Satoshi is getting a statue, and more

Friday’s are for markets pumping. Let’s dive in.

Market Snapshot

• Bitcoin traded above $93,000 as traders showed optimism for short-term gains

  • Call options suggest traders expect Bitcoin to surpass $95,000 by late April or May

  • Sui Network's SUI saw a weekly gain of over 62%, with its TVL exceeding $1.6B

• President Trump indicated that tariffs on Chinese imports would "come down" but "won’t be zero”

  • Reports suggest that tariffs could be reduced to around 50% to 65%, less than half of the current levels

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030 (TB)

• U.S. Federal Reserve removes reporting requirements for banks engaging in crypto activities - read the landmark decision here

• SEC delays decision on Hedera and Polkadot ETFs until June (TB)

• 19,500 Ethereum RTFKT CloneX NFTs disappear due to terms of service violation from Cloudflare - see the crazy story here

• AT&T subscribers will now 'automatically connect' to nearby Helium hotspots through new commercial agreement (TB)

• Saylor predicts BlackRock's $IBIT will buy $600B in Bitcoin to become the largest ETF in 10 years (TD)

• Ark Invest raises 2030 bull-case bitcoin price projection to $2.4M on 'aggressive' modeling (TB)

• MoonPay co-founder joins TON Foundation as CEO amid growth plateau (TB)

• Former Celsius CEO Alex Mashinsky is set to be sentenced on May 8, 2025, after pleading guilty to fraud and price manipulation charges last year (BK)

• Stablecoin markets could reach $3.7T opportunity according to Citigroup estimate (TB)

• House Representatives are in the final stages of drafting a crypto market structure bill for the second time (BW)

• PayPal and Coinbase deepen partnership with stablecoin announcement (CS)

• NBA personality Shaquille O’Neal reaches settlement with FTX after ‘running from case’ (DT)

• Tether increases its stake in Juventus Football Club to 10.21% causing club token to surge (CS)

• ruya becomes first Islamic bank to offer Bitcoin and virtual asset investments (BM)

• Satoshi Nakamoto to receive dedicated statue in Italian city (CT)

• Crypto advocates in Switzerland urge central bank to consider a national bitcoin reserve (CS)

• 'Peaky Blinders' TV show is getting a crypto game in 2026 (DC)

• Coinbase is expanding to Charlotte, North Carolina and hiring up to 130 local employees with another physical office (TB)

Venture Capital

• RockawayX closes $125M early stage fund for projects on Solana (DT)

• Securitize launches institutional crypto index fund with $400M backing from Mantle VC (CC)

• Alpaca announces $52M Series C funding to expand brokerage infrastructure and broker product lines (AM)

• Crypto trading infrastructure startup, Theo, has raised a $20M round co-led by Hack VC and Anthos Capital (CD)

• Catalysis web3 infrastructure startup raises $1.25M pre-seed round led by Hashed Emergent (PA)

• Hack VC leads Series A for Hyperlane to improve cross-chain interoperability (HV)

Launches

• CME Group to introduce regulated XRP futures in May (UT)

• Ether.fi is launching the first DeFi bank, a decentralized and non-custodial alternative to traditional banks (BW)

Regulation

• El Salvador and the U.S. discuss regulatory sandbox for tokenized assets (DT)

• Bitcoin reserve bill heads to state Senate vote in New Hampshire (CT)

• SEC Crypto Task Force and Trump-supporting firms meet to discuss crypto regulation (CT)

Cybersecurity

• A man sentenced to 18 years after orchestrating a $12M crypto scam with his son (TB)

• Almost $6B lost to crypto investment scams in 2024 per the FBI (LG)

• ZKsync hacker accepts 10% bounty and returns $5M (DT)

• Hackers exploit Zoom’s remote-control feature to steal $100k+ of crypto (HR)

• FBI reported U.S. citizens lost over $16B in 2024 with the elderly losing nearly $3B to crypto scams (CS)

Extra Reads

• A lot of people have opinions on Ethereum, but when the founder of one of the largest crypto coins in the world has one you might want to listen

  
  Why Cardano’s Charles Hoskinson predicts Ethereum will be dead within 15 years

Chart of the Day

Google searches for Real World Asset tokenization have nearly doubled year-over-year while the search for memecoins has died off

Meme Dump

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