Crypto Daybook Americas, Crypto Daybook Americas Your day-ahead search for April 1, 2025
By Omkar Godbole (All instances ET until indicated in any other case)
Bitcoin is constructing momentum, rising over 2% on the day to over $84,000, with memecoins main the market larger, adopted by tokens related to synthetic intelligence and gaming. In conventional markets, gold set one other file, surpassing $3,140, and futures linked to main U.S. fairness indices are pointing to a constructive open.
President Donald Trump pledged a “very kind” yet firm approach towards all buying and selling companions forward of Wednesday’s deliberate reciprocal tariffs announcement.
Still, market flows reveal nervousness doubtless stemming from tariff uncertainty. An aggressive transfer may ratchet up inflation expectations, which might decrease threat asset costs, together with cryptocurrencies.
Reports counsel that the Treasury and different federal companies are anticipated to reveal their holdings of bitcoin and different tokens on April 5, That’s in accordance with the March 11 doc that known as for such an motion inside 30 days of Trump’s March 6 determination to problem an govt order to type a strategic crypto reserve.
Still, some indicators name for warning. For occasion, bitcoin’s one-year share change is approaching the adverse zone, in accordance with crypto analysis agency Alphractal. “Out of the four times this has happened, three led to bearish movements, while one had no significant effect,” the agency mentioned.
BTC’s obvious demand by 30-day change, derived from the stream of cash into exchanges and adjusted for components together with web outflows, now reveals essentially the most adverse values in over a 12 months, in accordance with information supply CryptoQuant.
Speaking of the broader market, decentralized AI information liquidity community Vana unveiled the VRC-20 data token standard for truthful and clear information token transactions. “For data markets to work, tokens must be reliable, secure, and useful. As a universal standard for data-backed tokens, VRC-20 delivers this by ensuring fair and transparent data token trading,” Vana mentioned on X.
Elsewhere, the MOVE Index, which measures the 30-day implied volatility for the U.S. Treasury notes, is rising. A unstable Treasury market typically causes monetary tightening worldwide, resulting in decreased demand for threat belongings. Stay alert!
What to Watch
Crypto:
April 1: ONINO (ONI) could have its mainnet launch.
April 2, 10:00 a.m.: U.S. House Financial Services Committee hearing for marking up varied measures, together with H.R. 2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025, and H.R. 1919, the Anti-CBDC Surveillance State Act. Livestream link.
April 2: XIONMarkets (XION) could have its mainnet launch.
April 5: The alleged birthday of Satoshi Nakamoto.
April 9, 10:00 a.m.: U.S. House Financial Services Committee hearing about how the U.S. securities legal guidelines may very well be up to date to keep in mind digital belongings. Livestream link.
Macro
April 1, 9:00 a.m.: S&P Global releases Brazil March buying managers’ index (PMI) information.
Manufacturing PMI Prev. 53
April 1, 9:30 a.m.: S&P Global releases Canada March buying managers’ index (PMI) information.
Manufacturing PMI Prev. 47.8
April 1, 9:45 a.m.: S&P Global releases (Final) U.S. March buying managers’ index (PMI) information.
Manufacturing PMI Est. 49.8 vs. Prev. 52.7
April 1, 10:00 a.m.: The U.S. Department of Labor releases February JOLTs report (job openings, hires, and separations).
Job Openings Est. 7.63M vs. Prev. 7.74M
Job Quits Prev. 3.266M
April 1, 10:00 a.m.: The Institute for Supply Management (ISM) releases March U.S. manufacturing sector information.
ISM Manufacturing PMI Est. 49.5 vs. Prev. 50.3
April 2: Trump administration’s “Liberation Day” reciprocal tariffs will get introduced.
April 2, 4:30 p.m.: Fed Governor Adriana D. Kugler will give a speech titled “Inflation Expectations and Monetary Policymaking.” Livestream link.
April 3, 12:01 a.m.: The 25% tariff on imported vehicles and sure elements announced March 26 turns into efficient.
April 3, 12:30 p.m.: Fed Vice Chair Philip N. Jefferson will give a speech titled “U.S. Economic Outlook and Central Bank Communications.” Livestream link.
April 4, 11:25 a.m.: Fed Chair Jerome H. Powell will give a speech titled “Economic Outlook.” Livestream hyperlink.
Earnings (Estimates based mostly on FactSet information)
No earnings scheduled.
Token Events
Governance votes & calls
Arbitrum DAO is voting on converting 15 million ARB into stablecoins to be managed by way of a “33/33/33 split among Karpatkey, Avantgarde & Myso, and Gauntlet.” It’s additionally voting on allocating 10 million ARB into “on-chain strategies designed to generate yield while safeguarding the principal.” Voting ends April 3.
Sky DAO is discussing increasing the Smart Burn Engine (SBE) rate after a current govt proposal “resulted in substantial increase to net revenue.”
Unlocks
April 1: Sui (SUI) to unlock 2.03% of its circulating provide price $143.15 million.
April 1: ZetaChain (ZETA) to unlock 6.05% of its circulating provide price $12.85 million.
April 2: Ethena (ENA) to unlock 0.77% of its circulating provide price $14.07 million.
April 3: Wormhole (W) to unlock 47.64% of its circulating provide price $112.67 million.
April 9: Movement (MOVE) to unlock 2.04% of its circulating provide price $20.23 million.
Token Listings
April 1: Bybit to delist CEL, MXM, ZEND, CTT, BONUS, LGX, PLT
Conferences
CoinDesk’s Consensus is happening in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes.
April 2-3: Southeast Asia Blockchain Week 2025 Main Conference (Bangkok)
April 2-5: ETH Bucharest Conference & Hackathon (Romania)
April 3-6: BitBlockBoom (Dallas)
April 6-9: Hong Kong Web3 Festival
April 8-10: Paris Blockchain Week
April 10: Bitcoin Educators Unconference (Nashville)
April 15-16: BUIDL Asia 2025 (Seoul)
Token Talk
By Shaurya Malwa
A hacker concerned in February’s multimillion exploit of the zkLend DeFi protocol mentioned they inadvertently despatched their stolen funds to a phishing website posing as mixing service Tornado Cash.
The hacker misplaced all 2,930 ETH stolen from zkLend to the obvious phishing assault, in accordance with Lookchain and blockchain information.
They then despatched an on-chain message by way of Etherscan to zkLend apologizing for the “havoc and losses caused,” claimed to now not maintain the stolen funds and urged zkLend to redirect restoration efforts towards the phishing website’s operators.
Market watchers expressed skepticism, suggesting the alleged phishing website was arrange by the hacker in an try and shift scrutiny away from the attackers’ recognized wallets to the deal with that purportedly ended up thieving the thief.
zkLend responded by requesting the hacker to return any remaining funds. The protocol has been actively engaged on fund restoration, having launched a “Recovery Portal” on March 5, to compensate affected customers, and is collaborating with safety groups, centralized exchanges and authorities to hint the stolen belongings.
Derivatives Positioning
Open curiosity in futures tied to TON, TRX, HYPE, SHIB and XMR has elevated up to now 24 hours whereas the remaining main cash, together with BTC, noticed a drop in open bets.
Perpetual funding charges for BTC, ETH and most different prime cash stay beneath an annualized 5%, indicating cautiously bullish sentiment.
Deribit’s BTC and ETH choices proceed to point out a bias for short- and near-dated places with bullishness seen solely from July expiry.
Market Movements
BTC is up 2.19% from 4 p.m. ET Monday at $84,236.71 (24hrs: +2.47%)
ETH is up 3.34% at $1,880.62(24hrs: +3.34%)
CoinDesk 20 is up 3.16% at 2,579.16 (24hrs: +5.15%)
Ether CESR Composite Staking Rate is up 10 bps at 3.03%
BTC funding price is at 0.0032% (3.5150% annualized) on Binance
DXY is unchanged at 104.12
Gold is up 1.18% at $3,159.80/oz
Silver is up 0.99% at $34.80/oz
Nikkei 225 closed unchanged at 35,624.48
Hang Seng closed +0.38% at 23,206.84
FTSE is up 0.9% at 8,660.19
Euro Stoxx 50 is up 1.2% at 5,311.30
DJIA closed on Monday +1% at 42,001.76
S&P 500 closed +0.55% at 5,611.85
Nasdaq closed -0.14% at 17,299.29
S&P/TSX Composite Index closed +0.64% at 24,917.50
S&P 40 Latin America closed -0.96% at 2,406.22
U.S. 10-year Treasury price is down 3 bps at 4.185%
E-mini S&P 500 futures are unchanged at 5,656.00
E-mini Nasdaq-100 futures are up 0.22% at 19,482.25
E-mini Dow Jones Industrial Average Index futures are down 0.12% at 42,207.00
Bitcoin Stats:
BTC Dominance: 62.18 (-0.21%)
Ethereum to bitcoin ratio: 0.02236 (1.31%)
Hashrate (seven-day shifting common): 835.3 EH/s
Hashprice (spot): $46.93
Total Fees: 4.9 BTC / $406,290
CME Futures Open Interest: 135,210 BTC
BTC priced in gold: 26.8 oz
BTC vs gold market cap: 7.6%
Technical Analysis
BTC has moved previous the yellow trendline, confirming an inverse head-and-shoulders breakout to counsel the trail of least resistance is on the upper aspect.
The 24-hour easy shifting common is now trending north, indicating a renewed upward momentum.
Prices may rise towards the descending (white) trendline resistance, at the moment at $87,200.
Crypto Equities
Strategy (MSTR): closed on Monday at $288.27 (-0.39%), up 2.54% at $295.60 in pre-market
Coinbase Global (COIN): closed at $172.23 (-0.98%), up 1.78% at $175.30
Galaxy Digital Holdings (GLXY): closed at C$15.17 (-7.78%)
MARA Holdings (MARA): closed at $11.50 (-7.78%), up 2.7% at $11.81
Riot Platforms (RIOT): closed at $7.12 (-3.91%), up 1.69% at $7.22
Core Scientific (CORZ): closed at $7.24 (-3.21%), up 0.83% at $7.30
CleanSpark (CLSK): closed at $6.72 (-6.54%), up 3.13% at $6.93
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $12.77 (-2.74%), down 2.51% at $12.80
Semler Scientific (SMLR): closed at $36.20 (-1.79%)
Exodus Movement (EXOD): closed at $45.74 (-4.39%), up 2.25% at $46.77
ETF Flows
Spot BTC ETFs:
Daily web stream: -$60.6 million
Cumulative web flows: $36.27 billion
Total BTC holdings ~ 1.12 million.
Spot ETH ETFs
Daily web stream: $6.4 million
Cumulative web flows: $2.43 billion
Total ETH holdings ~ 3.41 million.
Source: Farside Investors
Overnight Flows
Chart of the Day
Tron, BNB Chain and Celo are the previous 12 months’s prime three blockchains by the variety of lively stablecoin addresses.
Ethereum lags regardless that the stablecoin provide on the smart-contract blockchain just lately surged to all-time excessive over $132 billion.
While You Were Sleeping
China Kicks Off Military Drills Near Taiwan, Warns Island’s ‘Independence’ Means War (CNBC): China mentioned its army actions have been punishment for Taiwan’s management, simulating multidirectional encirclement and coordinated strikes on key areas to exhibit fight readiness.
Ethereum Reclaims No. 1 Spot as Leading DEX Chain for First Time Since September, Overtakes Solana (CoinDesk): Bearish market sentiment, notably throughout the memecoin sector, led to a big decline in exercise on Solana-based platforms Raydium and Pump.enjoyable.
Democrats Sue Trump Administration Over Election Executive Order (Reuters): The lawsuit says requiring voter citizenship proof and slicing funds for noncompliant states would unlawfully let presidents reshape election guidelines to guard their very own political pursuits.
Gold Hits Record as Trump’s Trade Threats Fan Haven Demand (Bloomberg): Spot gold, up 19% within the first quarter, hit $3,149 as buyers braced for retaliation over Trump’s reciprocal tariffs plan, which can be unveiled Wednesday.
RBA Keeps Rates on Hold as It Points to Trade War Threat (The Wall Street Journal): Australia’s central financial institution warned that stiffer U.S. tariffs and rising geopolitical tensions may drag on world development by undermining confidence and prompting households and corporations to delay spending choices.
Metaplanet Ups Bitcoin Holding to Over 4K BTC, Adds Another 696 BTC (CoinDesk): The Japanese agency paid about $97,500 per bitcoin, elevating the typical value of its holdings to roughly $86,500 per coin.
In the Ether
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More