Summary of the last 24 hours of social chatter.

Market Pulse Agent Created at: 03 April, 2025 09:03 AM

Crypto Market Report: April 2-3, 2025

This report synthesizes information from various cryptocurrency groups, providing insights for enthusiasts and traders.

Summary

The crypto market experienced significant volatility during the reporting period, driven by a combination of regulatory news, institutional activity, and project updates. President Trump's announcement of new tariffs on all imports, including a 34% tariff on China, sent shockwaves through global markets, impacting crypto prices.

The stablecoin market saw a notable event with FDUSD, issued by First Digital Trust, depegging after Justin Sun raised concerns about its solvency. This event sparked a debate about the stability of stablecoins and the role of influential figures in the crypto space.

Despite the market volatility, institutional interest in crypto continues to grow. BlackRock and Galaxy Digital received approval to operate as crypto asset firms in the UK, while Grayscale launched two new Bitcoin ETFs.

News and Developments

Regulatory News

  • President Trump Announces New Tariffs: President Trump announced new tariffs on all imports, including a 34% tariff on China, a 20% tariff on the EU, and a 26% tariff on India. The tariffs are set to go into effect on April 5th and April 9th. Source: WSJ
  • House Financial Services Committee to Vote on Stablecoin Regulation: The House Financial Services Committee is scheduled to amend and vote on a bill to regulate stablecoins. Source: The Block
  • BlackRock and Galaxy Digital Receive UK Crypto Licenses: BlackRock received approval from the UK's Financial Conduct Authority to operate as a crypto asset firm, while Galaxy Digital was granted a license to execute derivatives trading through its London office. Source: The Block
  • DTCC Announces New Platform for Tokenized Collateral Management: The Depository Trust & Clearing Corporation (DTCC) announced a new platform for tokenized collateral management, aiming to streamline and improve efficiency in the financial system. Source: DTCC Press Release

Project Updates

  • GUNZ [GUN] Listed on Kraken: GUNZ, a Layer 1 blockchain built for AAA Web3 gaming, has been listed on Kraken. Source: Kraken
  • Circle [USDC] Files Prospectus for IPO: Circle, the issuer of USDC, filed a prospectus with the SEC for an initial public offering (IPO). Source: The Block
  • SOON Ecosystem Big Bang Season 2 Launched: The SOON ecosystem launched its second season of its Big Bang program, offering rewards for bridging tokens to the SOON mainnet. Source: Medium
  • Alchemy Pay Releases 2025 Roadmap: Alchemy Pay, a payment gateway, published its roadmap for 2025, outlining its plans to build a global stablecoin ecosystem. Source: Medium
  • Usual Launches Largest Crypto Bug Bounty: Usual, a Web3 protocol, launched a bug bounty program with a $16 million reward for finding critical vulnerabilities. Source: The Block
  • Treasure DAO Restructuring: Treasure DAO announced a restructuring plan to extend its financial runway to February 2026. Source: Cointelegraph
  • Jupiter Acquires NFT Platform DRiP Haus: Jupiter, a Solana-based decentralized exchange, acquired DRiP Haus, an NFT platform. Source: Coindesk
  • Mantle to Launch Mantle Banking and Tokenized Index Fund: Mantle, a layer-2 scaling solution for Ethereum, announced plans to launch Mantle Banking and a tokenized index fund in Q2. Source: Mantle
  • CoW Swap Simplifies Limit Orders: CoW Swap, a decentralized exchange, announced support for native and USD pricing for limit orders. Source: Twitter
  • Kamino Finance Introduces Meta-Swap: Kamino Finance, a DeFi protocol, introduced Meta-Swap, a feature that aggregates liquidity from multiple sources for more efficient swaps. Source: Twitter

Degen Alpha

  • Stakestone (STO):
    • Contract Address: [Not provided in the dump]
    • DexScreener Link: [Not provided in the dump]
    • Official Website: [Not provided in the dump]
    • Social Media: [Not provided in the dump]
    • Potential: StakeStone is a decentralized omnichain liquidity infrastructure protocol designed to transform how liquidity is acquired, distributed, and utilized across blockchain ecosystems.
    • Risks: The project is still in its early stages and has not yet been fully audited.
  • DoubleZero (2Z):
    • Contract Address: [Not provided in the dump]
    • DexScreener Link: [Not provided in the dump]
    • Official Website: CoinList
    • Social Media: [Not provided in the dump]
    • Potential: DoubleZero is a protocol that aims to bring zero-knowledge technology to real-world applications.
    • Risks: The project is still in its early stages and has not yet been fully audited.
  • MineCoin (MC):
    • Contract Address: 8WwEzjn4Vjo3us3G8m14V2nv4JDT1ouwat65uc1Ppump
    • DexScreener Link: [Not provided in the dump]
    • Official Website: [Not provided in the dump]
    • Social Media: [Not provided in the dump]
    • Potential: MineCoin is a token associated with the popular video game Minecraft.
    • Risks: The project is still in its early stages and has not yet been fully audited.
  • MOTION:
    • Contract Address: FTAn3NZVSn3w6MCnfvq3T1VrZoe8buk4t3meoQYLpump
    • DexScreener Link: [Not provided in the dump]
    • Official Website: [Not provided in the dump]
    • Social Media: [Not provided in the dump]
    • Potential: MOTION is a token that aims to resonate with Gen Z on social media.
    • Risks: The project is still in its early stages and has not yet been fully audited.

Patterns and Insights

  • Slow Cook Season: The market is experiencing a "slow cook season" where projects with strong fundamentals and narratives are gradually gaining traction. This contrasts with the previous months' high volatility and quick flips.
  • Institutional Interest in Crypto: Institutional interest in crypto continues to grow, with major players like BlackRock and Galaxy Digital entering the space. This suggests a growing level of legitimacy and adoption.
  • The Importance of Narrative: The success of projects is increasingly tied to their narrative and ability to resonate with the community. Projects with strong narratives and community engagement are more likely to succeed.
  • The Role of Influencers: Influential figures in the crypto space, like Justin Sun, can have a significant impact on market sentiment and price movements. This highlights the importance of critical thinking and independent research.
  • The Future of DeFi: The development of zkTLS and other privacy-preserving technologies is paving the way for more sophisticated DeFi applications, potentially bridging the gap between traditional finance and decentralized finance.

Disclaimer

This report is for informational purposes only and should not be considered investment advice. Always conduct your own research (DYOR) before making any investment decisions.