OVERVIEW

April 2025 Was Like Your Team Playing Terribly And Still Winning 🤦

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

TECHNICAL ANALYSIS
April Felt Like It Sucked, But Bitcoin Did OK 🤷 

Bitcoin’s April 2025 felt like a month-long root canal – unpleasant, drawn-out, and oddly disappointing despite the win. 🎢

BTCUSD Monthly Chart – Click to enlarge.

BTC closed April 2025 up a decent 14.17%, which, believe it or not, comfortably beats the historical average April performance of +8.74%.

That puts April 2025 eighth among the last twelve Aprils; sure, not top-tier, but better than suffering through another 2022 (-17.31%) or 2024’s miserable -14.95%. 🥴

Historically, April tends to be pretty decent for BTC:

• Average Performance: +8.74%

• Best Ever April: +34.57% (2020)

• Worst Ever April: -17.31% (2022)

So yeah, April 2025 wasn’t an absolute banger, and certainly won’t win any “Best Month Ever” awards. But a win is a win. 👍️ 

Disclaimer: Hey, so, there’s a lot crazy going on this afternoon: XRP is reportedly eyeing Circle for an acquisition, China and the US are back in the awkward small-talk phase, and everyone is still digesting that advanced Q1 GDP number (-0.3%). As of 1500 EST, April looks green – but crazy things can happen.

NEWS
BlackRock’s $150B Treasury Fund Tokenization 🤯 

BlackRock just decided managing $150 billion the old-fashioned way was too dull, so it’s tokenizing the entire Treasury Trust Fund on blockchain. 🤑 

BlackRock Form N-1A Filing

Partnering exclusively with BNY Mellon, the world’s largest asset manager is launching digital DLT Shares aimed at institutional big shots who are willing to pony up at least $3 million to play.

With faster settlements, fractional ownership, and transparent blockchain records, BlackRock is pulling off TradFi’s version of YOLO. If Wall Street’s largest player can embrace blockchain, maybe the rest of the finance dinosaurs can wake up too. 💤 

A STOCKTWITS EXCLUSIVE
Exec Interview: Hut 8 CEO Ashner Genoot 👀 

We’re sitting down with Hut 8 CEO Ashner Genoot for an exclusive interview on the state of Bitcoin mining, policy risk, and what’s next for digital infrastructure. 🪙 

Got questions for the CEO? Drop them in this linked post HERE, we’ll feature the best ones on the show!

Click the link below and set a notification to be reminded when it starts on Thursday at 4 pm ET! 👇

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, 162,660 traders were liquidated, with total liquidations reaching nearly $381.828 million.

The largest single liquidation occurred on OKX, a BTCUSD pair valued at $5.07 million.

Longs lost $268.92 million, while shorts were hit for $112.88 million. 🤕

NEWS IN THREE SENTENCES
Crypto News 📰

🤖 CZ Shades Crypto’s “Useless” AI Tokens at Token2049 Dubai

Binance CEO Changpeng Zhao (CZ) called out crypto’s AI craze at Token2049, labeling most AI-driven tokens “99.99% useless.” Despite AI’s huge potential – like helping Binance’s Giggle Academy reach millions of kids worldwide – CZ thinks the current wave of AI agent tokens lacks genuine utility. He urged founders to build real, user-friendly apps, instead of flooding the market with gimmicky tokens that no one asked for – says the guy who made an exchange that floods the market with gimmicky tokens that no one asked for. CryptoNews.

📆 Nate Geraci Bets SEC Finally Greenlights Crypto ETFs This Year

ETFStore’s Nate Geraci shrugged off the SEC’s recent delays on crypto ETFs – including SOL, XRP, DOGE, and staking-related Ethereum proposals – confidently predicting they’ll all get approved in 2025. With market interest at peak levels, Geraci believes regulators can’t stall forever, expecting a wave of approvals soon. Translation: hang tight, altcoin fans. coindoo.

💸 Bitwise Analyst Sees U.S. Recession Fueling Bitcoin Rally

A U.S. recession might seem like bad news – but not for Bitcoin, says Bitwise’s André Dragosch. With Q1 GDP contracting, rate cuts by the Fed could weaken the dollar, turning economic woes into crypto gains. Bitcoin recently dipped below $95k, but Dragosch sees the downturn as temporary turbulence, arguing that as the dollar loses steam, Bitcoin becomes the go-to asset to hedge against financial chaos. Decrypt.

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️ 

🔥 Flare Welcomes USD₮0

USD₮0, the omnichain version of $USDT.X ( ▲ 0.0% ) backed 1:1 by Ethereum, has landed on Flare, leveraging LayerZero’s OFT technology for seamless, bridge-free transfers. Users get zero-gas transactions, rapid cross-chain movement, and eye-popping yields of up to 30% APY. Flare finally has the stablecoin liquidity it needs to become ground zero for XRP DeFi. Flare Network.

⚖️ Reactive x SmarTrust Launch Multichain Escrow for Freelancers Who Like Getting Paid 

Freelancers, your prayers for getting paid without begging have finally been answered. $REACT.X ( ▼ 15.59% ) Network teamed up with SmarTrust to build a decentralized escrow platform that protects freelancers from payment drama across multiple blockchains. Reactive Smart Contracts automate escrow processes, handling disputes, adjudications, and payments without centralized nonsense. Reactive.

A STOCKTWITS EXCLUSIVE
A Stocktwits Community Trader Roundtable 🤩 

Stocktwits’ Editor-in-Chief is joined by community members Kenny Glick, Hostile Charts, Lia The Trader, and Michael Nauss for an educational chat about trading the current environment. This special edition took place live in person ahead of the Stocktwits Cashtag Awards, presented by eToro, which is live in NYC tonight! 🥳 

All these traders have different strategies and backgrounds, so this conversation offered an interesting perspective on how each approaches trading in 2025. Plus, they share their top trade ideas and debate several charts live. 👀

You don’t want to miss this episode! 👏 

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

🌀 GoArt Worlds Goes Live on SKALE, Offers Metaverse Without Gas or Awful UX 

Finally, digital worlds you won’t instantly regret logging into. GoArt Worlds is now live on $SKL.X ( ▼ 0.7% ), delivering augmented reality metaverse experiences like historic site exploration and futuristic social events – gas-free and mobile-first. With SKALE’s instant finality and smooth UX, GoArt is proving that metaverse experiences don’t need to feel like dial-up internet circa 1999. SKALE.

🎧 SoundMoney Launches on Saga Chainlet to Fix Creator Economy, Madlib and Mos Def Approve 

Say goodbye to platform exploitation; creators are finally taking back control of their cultural capital. SoundMoney debuts soon on Saga, promising tokenized, fan-focused creator economies powered by the BEZY token. Backed by big names like Madlib and Mos Def, SoundMoney leverage $SAGA.X ( ▼ 3.05% )’s chainlet architecture to give creators direct fan monetization without platform algorithms stealing the spotlight. Saga.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending Protocol News 🏦

☀️ 1inch Jumps on Solana Train, Promises Cheaper, Faster Swaps (Because Ethereum is Slow) 

1Inch expanded to Solana, enabling MEV-protected, ultra-fast swaps for over 1 million Solana tokens. Users get minimized slippage through 1inch’s Fusion protocol, leveraging Dutch auctions executed by market makers. Soon, cross-chain swaps between Solana and other networks will be available. 1inch.

🐻 Berachain Drops Massive PoL Rewards Batch

Degens rejoice: $BERA.X ( ▲ 2.12% ) wants you betting and earning simultaneously. Berachain’s latest governance round unleashed new Reward Vaults (RFRVs), including SX.Bet’s sports betting vault, Concrete’s and Ether.Fi’s expanded liquidity offerings, and deeper liquidity pools for native tokens like HONEY and BERA. The move preps Berachain for its May 6 Boyco unlock and signals Proof-of-Liquidity isn’t just for DeFi nerds anymore. BeraChain.

🥞 Chef Kids Goes All-In on PancakeSwap Infinity

$CAKE.X ( ▲ 2.28% ) Infinity just launched, boasting flexible new pool types (CLAMM and LBAMM), user-controlled fee structures, and a fully customizable Hook system. Chef Kids sees Infinity as DeFi’s open-ended future—open-source, adaptable, and filled with endless possibilities for liquidity providers, traders, and developers. Infinity’s tools might finally let you control your DeFi destiny without losing half your profits to gas fees. PancakeSwap.

LINKS
Links That Don’t Suck 🔗

🤣 Cardano founder reacts to controversial Bitcoin core update

📡 Sony’s Soneium and Plume unite to bring real-world yield to millions through SkyLink

😱 Staking alone won’t save Ethereum ETFs: Bloomberg analyst

😅 China exempts some US goods from 125% tariffs, sources say

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