Crypto Doesn't Have Tariffs 🧠
OVERVIEW
Bitcoin Doesn’t Have Tariffs 🧠
Before we dive in, here’s today’s crypto market heatmap:
Source: Santiment
And here’s a look at crypto’s total market and altcoin market cap charts:
Source: TradingView
NEWS IN THREE SENTENCES
Crypto News 📰
🧠 Genius Group Forced Into Bitcoin Fire Sale by Court Ruling
AI-education company Genius Group had to offload Bitcoin holdings after a bizarre US court order banned it from raising funds or holding BTC, slashing its market cap by 53%. CEO Roger Hamilton was shocked—apparently unaware that US courts can and will nuke your crypto dreams faster than an SEC subpoena. CryptoBriefing.
🤔 Jack Dorsey Calls Out Google CEO After Bitcoin Mailing List Gets Nuked
$GOOG ( ▼ 3.92% ) abruptly shut down a popular Bitcoin developer mailing list, claiming “policy violations,” prompting Jack Dorsey to publicly grill CEO Sundar Pichai on X. Sure, Google reinstated it hours later, but centralized Big Tech randomly nuking crypto communities? Totally not suspicious at all. TheStreet.
🤝 Trump-Bukele White House Meeting Sets Off Bitcoin Hype Train
Donald Trump invited El Salvador’s Bitcoin-friendly President Nayib Bukele to the White House, triggering speculation about potential crypto talks. Both leaders have a history of backing Bitcoin, and El Salvador’s legal-tender experiment might soon have a US counterpart with Trump’s proposed Bitcoin Reserve. CryptoSlate.
🏛️ Senate Banking Committee Moves Forward with Pro-Crypto SEC Chair Nominee
The Senate Banking Committee just advanced Trump’s pick, Paul Atkins, to chair the SEC, setting the stage for a crypto-friendly regulatory shift. Atkins, whose consulting firm once advised FTX, promises clearer digital asset guidelines, which probably means fewer lawsuits and more moonshots. Elizabeth Warren isn’t thrilled—but when is she ever happy about crypto? TheBlock.
🖼️ TreasureNFT’s “AI-Driven” Returns Vanish as Withdrawals Freeze and Users Scream Ponzi
TreasureNFT promised juicy 30% monthly returns using “AI-powered NFT trading,” which—surprise—turned out about as legit as it sounds. Withdrawals got slower, fees got bigger, and now 94% of user funds are effectively held hostage, leaving investors begging for answers on social media. Congrats, TreasureNFT, you’ve officially joined the crypto hall of shame alongside Bitconnect and HashFlare. CryptoPotato.
PRESENTED BY STOCKTWITS
An Exclusive With $IONQ CEO Niccolo De Masi 🤖
Daily Rip Live hosts Shay Boloor and Katie Perry break down the opportunities and risks for the quantum computing industry with IonQ’s CEO Niccolo De Masi, covering:
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IonQ’s big-picture vision for itself and the broader quantum space
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Why quantum computing is a bipartisan issue, and how IonQ is positioning
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How IonQ’s next system could be its “ChatGPT moment”: The firm aims for its upcoming #AQ64 Tempo processor to be 240 million times more powerful than its last generation.
This hour-long exclusive is packed with insights, you won’t want to miss it! 🤯
TECHNICAL ANALYSIS
This Is How Beaten Down The Altcoin Market Is 😵
Every Saturday, I publish the Crypto Weekend Data Dive—a concise breakdown of 12 proprietary cryptocurrency indices, tracking their weekly performance alongside 13-week and 21-day Relative Rotation Graphs. 📉
Instead of the typical Monday-to-Sunday timeframe, my indices use a Thursday-to-Thursday measurement period. This adjustment provides a smoother, more balanced reflection of market movements, minimizing disruptions from weekend volatility. Given the crypto market operates 24/7 and increasingly responds to traditional economic indicators (employment data, inflation reports, etc.), this slightly longer period captures a clearer market snapshot.
And before you fire off that email: yes, I’m fully aware that Thursday-to-Thursday technically exceeds a week—that’s exactly the idea. 🧠
It’s Ugly Out There 💩
While updating the weekly indices performance, I observed that almost all of the indices are in a bad place. Like, a very, very bad place. In fact, with the exception of the Proof-of-Work Index and the Top 25 Index, the other 10 indices are sitting at lows of 12 months or worse.
Stocktwits AI Index
Click to enlarge.
Here’s another dismal piece of data for almost all the indices: the current swing lower is worse than the one prior.
The current dive south from December 2024 is both deeper and the push lower is 31% faster.
Stocktwits Lending Index
Click to enlarge.
Just like the AI index, the Lending index’s current push south is lower and 32% faster.
Stocktwits Metaverse Index
Click to enlarge.
Insult to injury: new all-time lows for the Metaverse Index.
So, ya, it’s brutal out there. ⚔️
ON-CHAIN ANALYSIS
Burnt Bag Briefing 🔥
Want to know whether the bulls or bears are feeling the most pain today? Well, this is the place to look. 👀
24-Hour Liquidation Heat Map – Source: coinglass – Click to enlarge.
In the past 24 hours, 191,524 traders were liquidated, with total liquidations reaching nearly $521.85 million.
The largest single liquidation occurred on Binance, an ETCUSD pair valued at $11.97 million.
Longs lost $133.12 million, while shorts were hit for $157.41 million. 🤕
NEWS IN THREE SENTENCES
AI. Stablecoins, & Privacy News 🕵️
🕶️ Brave Wallet Adds Zcash Shielded Transactions
$BAT.X ( ▲ 2.78% )’s Brave Wallet now supports $ZEC.X ( ▲ 3.05% ) shielded transactions, allowing users to send crypto privately and securely right from their browser. With zero-knowledge proofs hiding transaction details, Brave has taken its privacy obsession one step further. Congrats Brave users—you can now be even more secretive about your questionable purchases. Brave.
NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙
🥚 Truflation Launches Egg Index Because Inflation is No Yolk
Egg prices went viral, then dropped—but grocery stores didn’t exactly get the memo. Enter $TRUF.X ( 0.0% )’s Eggs Index, a real-time tracker combining retail prices, government reports, and even crowdsourced consumer data, making traditional inflation stats look slow enough to be run by dial-up internet. Analysts, investors, or anyone wondering why their breakfast costs more than a Netflix subscription can now stay one step ahead of food inflation. Truflation.
NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️
🎯 Soneium’s Memecoin Battle Royale is On
Soneium just launched its Creator Contest, giving memecoins a structured shot at glory (and liquidity) through daily and seasonal competitions backed by ACS rewards. Tokens compete based on trading volume, price spikes, and market cap, with clear rules designed to filter out pump-and-dump trash. Think of it as a Hunger Games for memes—may the least useless token win. Astar Network.
🕺 Metaverse Fashion Week 2025 is Back—Here’s Your Survival Guide
Metaverse Fashion Week returns to $MANA.X ( ▲ 4.37% ) from April 9-12, promising infinite digital identities, VIP runways, and enough virtual couture to crash a GPU. Expect highlights like Roustan’s body-paint artistry, Cyberdog’s neon nostalgia, and global runway shows. Decentraland.
NEWS IN THREE SENTENCES
DeFi, DEX, & Lending Protocol News 🏦
💸 USDT0 Lands on the Superchain, Leading the Omnichain Stablecoin Charge
USDT0, Tether’s omnichain stablecoin, is now live on $OP.X ( ▼ 0.3% ) Mainnet and Ink, promising near-instant, frictionless transfers across the Superchain. Interoperable stablecoins might finally make cross-chain bridging obsolete, freeing up crypto bros to spend less time clicking “approve” and more time tweeting price predictions. Here’s hoping omnichain actually means fewer rug pulls—not just faster ones. Optimism.
🚀 Voltrade Launches as Crypto’s Answer to Trading Competitions (Minus the Wash Trading)
Voltrade debuts as the decentralized alternative to sketchy exchange competitions, driving actual on-chain volume through gamified incentives. Inspired by the massive $BRETT success, it adds Reactive Smart Contracts to ensure fair, transparent, and fully automated rewards. $REACT.X ( ▼ 5.1% ) say finally, a trading platform that rewards actual traders—not whales pretending to be busy. Reactive Network.
LINKS
Links That Don’t Suck 🔗
👜 Crypto wallet maker Trezor says it’s already adapting to Trump tariffs
🧑💻 Paradigm CTO sparks debate over the future of Ethereum’s ‘problematic’ Solidity programming language
🤔 Is a U.S. recession coming? Prediction markets cross 50% probability
🦘 Australian studio PlaySide is making layoffs after delivering record revenue
💪 Man does 10,001 pull-ups in 24 hours to reclaim world record
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Author Disclosure: The author of this newsletter holds positions in ADA, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋
