Good Morning,

Here's a quick preview of today’s content: Crypto ETFs struggle amidst tariff debacle, Helium token lawsuit officially dropped, a dormant ETH whale decides to sell it all, bitcoin minders had a successful Q1, this week included massive 8-figure venture investments in crypto, a crypto mining operation wasn’t really all it seemed, and so much more.

Friday is here - let’s end the week strong and green. Let’s dive in.

Market Snapshot

• Binance CEO recently stated that global macroeconomic uncertainty could actually boost demand for crypto

• Donald Trump’s 90 day pause on reciprocal tariffs (excluding China) created a historic day in the stock market, with minimal impact on crypto prices

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

• SEC dismisses lawsuit against Nova Labs for token security debate related to Helium tokens (TB)

• Spot crypto ETFs see $700M+ outflow due to tariff uncertainty (CD)

• Tokenized gold market cap soars to $2B with fears of tariff implementation (CD)

• Kalshi begins onboarding more crypto users adding Bitcoin deposits (CT)

• President Trump reportedly signs resolution to controversial IRS broker law under Biden (TB)

• Block fined $40M for AML and crypto compliance failures (CT)

• Jack Dorsey publicly shares support for bitcoin integrated peer-to-peer payments for Signal Messenger (CS)

• Dogecoin ETF filed by 21Shares backed by Doge foundation

• Trump’s World Liberty Fi denies rumors of $8M ETH sell off (DT)

• Ethereum whale dumps $27M after 9 year dormancy (DT)

• Mark Blackborough leaves market maker Portofino just 6 months after joining as CFO (CD)

• Synthetix stablecoin, sUSD, continues to depeg down to $0.86 (BW)

• A CryptoPunk NFT holder just sold for a $10M loss (TB)

• Bitcoin miners see uptick in Q1 2025 with $800M of bitcoin produced (CT)

Venture Capital

• Framework and Fulgur Ventures co-lead $40M series A for bitcoin life insurance startup Meanwhile (CT)

• Germany based DePIN startup Solix completes $29.5M fundraise led by Eclip Foundation (FS)

• Towns Protocol announces $10M Series B led by A16Z Crypto alongside Coinbase Ventures and Benchmark (TP)

• Cherry Ventures, BTR Capital, and others participate in $3M round for decentralized AI startup, DecentralGPT (AI)

• FireFish completes $1.8M seed from investors Miton and Braiins for Bitcoin mortgages (PN)

• DashFun finalizes new financing round from HTX Ventures, Ledger Capital, Metalpha, and more (PN)

Launches

• Loopscale startup launches for improved Solana efficiency (BW)

• BNY launched a new crypto accounting tool with BlackRock as their first client (FT)

Regulation

• SEC’s Corporate Finance arm released guidance on federal securities laws and crypto overlap (CT)

• Congress urged by New York Attorney General to figure out crypto regulations (RT)

• Thai regulators shut door on P2P crypto platforms (DT)

• Bitpanda secures third MiCA license in HQ country, Austria (CT)

Cybersecurity

• Threat actors target Atomic and Exodus wallet users with malicious npm packages (TH)

• A front-running MEV bot scooped up 119 ETH in Wayfinder exploit for Kaito-based airdrop (TB)

• South Korean crypto mining farm busted for illegal gambling operation (DT)

• This week’s crypto hack roundup

Extra Reads

• Thousands of people are being onboarded daily to crypto as a long-term investors

  Here’s how to build a personalized crypto portfolio utilizing ChatGPT

• The ways of the traditional internet are now being questioned by blockchain enthusiasts

  The Future: A web3 search engine decentralizing data, servers, and more

• Blockchain security continues to improve daily, but its still one of the main industry concerns

  The first Bitcoin Ponzi Scheme would be worth $16B today

Chart of the Day

Bitcoin ETFs saw massive $722M outflow recently, with Blackrock’s IBIT hit the hardest

Meme Dump

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