Crypto Daybook Americas, Crypto Daybook Americas, News Your day-ahead search for April 18, 2025 

Welcome to your Good Friday version of the daybook. With markets on a shortened schedule for the Easter vacation, right now’s replace is shortened as nicely. CoinDesk’s Crypto Daybook Americas shall be again to its common measurement on Monday, April 21. Enjoy the vacation!

By Francisco Rodrigues (All occasions ET except indicated in any other case)

It’s Easter. Traditional markets are closed in lots of elements of the world and loads of persons are taking a break from work, and that is protecting crypto markets in verify as nicely. The CoinDesk 20 Index (CD20), a measure of the largest, most energetic cryptocurrencies, has gained lower than 0.1% previously 24 hours with bitcoin (BTC) up simply 0.1%.

That’s a fairly muted response to calls from President Donald Trump for the removal of Federal Reserve Chair Jerome Powell. Trump criticized Powell over his reluctance to chop rates of interest, additional including to the financial system uncertainty that has left bitcoin treading water and seen Wall Street piling onto gold.

Trump, on his social media platform Truth Social, mentioned Powell was “too late” in decreasing rates of interest, saying his “termination cannot come fast enough!” The President’s phrases come after Powell mentioned the central financial institution sees unemployment and inflation rising due to the tariffs Trump imposed on most different nations.

The tit-for-tat has additional raised uncertainty, to the purpose the S&P 500 closed the shortened buying and selling week up simply 0.1%, whereas the tech-heavy Nasdaq dropped 0.1%.

“Right now, markets are extraordinarily reactionary to White House determination making and are poised to stay that means for the foreseeable future,” Ira Auerbach, head of tandem at Offchain Labs and former head of digital belongings as Nasdaq, instructed CoinDesk.

“Trump’s push for fee cuts amid tariff-driven inflation dangers may reignite bitcoin’s authentic ‘hedge towards eroding buying energy’ narrative. Its latest risk-off conduct could also be short-lived as financial coverage uncertainty intensifies.”

For the time being, although, the hedge towards forex debasement and uncertainty seems to be gold. The valuable steel’s latest bull run has meant that, during the last 20 years, it’s outperforming the S&P 500. That’s together with dividends.

For crypto traders, signals are mixed. While on the macro entrance uncertainty reigns, underneath the Trump administration regulatory outlook has been enhancing and establishments have proven extra consolation with the house.

“It is probably sound to ‘let the dust settle’ as tariff implementations and bilateral negotiations unfold,” dYdX Foundation CEO Charles d’Haussy instructed CoinDesk. “Market participants’ consensus seems to signal central banks’ action past the summer.” Stay alert!

What to Watch

• Crypto:
  • April 18: Pepecoin (PEP), a layer-1, proof-of-work blockchain, undergoes its second halving, decreasing block rewards to fifteen,625 PEP.
  • April 20, 11 p.m.: BNB Chain (BNB) — opBNB mainnet hardfork.
  • April 21: Coinbase Derivatives will list XRP futures pending approval by the U.S. Commodity Futures Trading Commission (CFTC).
  • April 25, 1 p.m.: U.S. Securities and Exchange Commission (SEC) Crypto Task Force Roundtable on “Key Considerations for Crypto Custody“.
• Macro
  • April 18, 10 a.m.: Argentina’s Torcuato Di Tella University releases April shopper confidence information.
    • Consumer Confidence Prev. 44.1
  • April 22, 8:30 p.m.: Statistics Canada releases Mach producer worth inflation information.
    • PPI MoM Prev. 0.4%
    • PPI YoY Prev. 4.9%
  • April 22, 6 p.m.: Fed Governor Adriana D. Kugler will ship a speech titled “Transmission of Monetary Policy.”
• Earnings (Estimates primarily based on FactSet information)
  • April 22: Tesla (TSLA), post-market
  • April 30: Robinhood Markets (HOOD), post-market

Token Events

• Governance votes & calls
  • Treasure DAO is discussing handing authority to the core contributor staff to wind down and shut down Treasure Chain infrastructure on ZKsync and handle the first MAGIC-ETH Protocol-Owned Liquidity pool given the “crucial financial situation” of the protocol.
• Unlocks
  • April 18: Official Trump (TRUMP) to unlock 20.25% of its circulating provide price $314.23 million.
  • April 18: Fasttoken (FTN) to unlock 4.65% of its circulating provide price $84.4 million.
  • April 18: Official Melania Meme (MELANIA) to unlock 6.73% of its circulating provide price $10.72 million.
  • April 18: UXLINK (UXLINK) to unlock 11.09% of its circulating provide price $16.52 million.
  • April 18: Immutable (IMX) to unlock 1.37% of its circulating provide price $10.03 million.
  • April 22: Metars Genesis (MRS) to unlock 11.87% of its circulating provide price $126.7 million.
  • April 30: Optimism (OP) to unlock 1.89% of its circulating provide price $20.74 million.
  • May 1: Sui (SUI) to unlock 2.28% of its circulating provide price $156.87 million.
  • May 1: ZetaChain (ZETA) to unlock 5.67% of its circulating provide price $10.32 million.
• Token Launches
  • April 22: Hyperlane to airdrop its HYPER tokens.
  • April 22: BNB to be listed on Kraken.

Conferences:

• CoinDesk’s Consensus is happening in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes.
• April 22-24: Money20/20 Asia (Bangkok)
• April 23: Crypto Horizons 2025 (Dubai)
• April 23-24: Blockchain Forum 2025 (Moscow)
• April 24: Bitwise’s Investor Day for Bitcoin Standard Corporations (New York)
• April 26: Crypto Vision Conference 2025 (Manilla)
• April 26-27: Harvard Blockchain in Action Conference (Cambridge, Mass.)
• April 27: N Crypto Conference 2025 (Kyiv)
• April 27-30: Web Summit Rio 2025
• April 28-29: Blockchain Disrupt 2025 (Dubai)
• April 28-29: Staking Summit Dubai
• April 29: El Salvador Digital Assets Summit 2025 (San Salvador, El Salvador)
• April 29: IFGS 2025 (London)

Token Talk

By Francisco Rodrigues

• The memecoin buying and selling frenzy doesn’t seem to over fairly but. Since token-launch protocol Pump.enjoyable introduced its trading platform PumpSwap in March, volumes have skyrocketed.
• According to Artemis data, Solana-based Pump.enjoyable was seeing roughly $110 million of buying and selling quantity a day earlier than the PumpSwap debut. That determine exploded to $650 million on April 17, with $444 million being traded on PumpSwap.
• Daily transaction volumes on the platform now high 40,000, roughly double the figures seen earlier than PumpSwap’s launch, Dune data exhibits.
• The heightened buying and selling quantity helped Pump.enjoyable’s 24-hour income high that of layer-1 community Tron, bringing in roughly $2 million over the interval. The determine can be above that of platforms like Hyperliquid and Aave.
• Outside of Solana, different networks have seen their share of buying and selling exercise. Even Nasdaq-listed change Coinbase discovered itself embroiled in alleged front-running after three wallets bought its “Base is for everyone” token earlier than the launch was introduced.

Market Movements:

• BTC is down 0.69% from 4 p.m. ET Thursday at $84,550 (24hrs: +0.30%)
• ETH is up 0.15% at $1,587.85 (24hrs: -0.36%)
• CoinDesk 20 is up 1% at 2,460.30 (24hrs: +0.2%)
• Ether CESR Composite Staking Rate is down 15 bps at 2.98%
• BTC funding fee is at 0.0069% (7.5927% annualized) on Binance

• DXY is unchanged at 99.38
• Gold is down 0.54% at $3308.8/oz
• Silver is down 1.55% at $32.42/oz
• Nikkei 225 closed +1.03% at 34,730
• Hang Seng closed +1.61% at 21,395
• FTSE closed Thursday at 8275.66.
• Euro Stoxx 50 is down 0.63% at 4935.34
• DJIA closed on Thursday -1.33% at 39,142
• S&P 500 closed +0.13% at 5282.7
• Nasdaq Composite closed -0.13% at 16,286.45,
• S&P/TSX Composite Index closed +0.36% at 16,286.45
• S&P 40 Latin America is up 1.64% at 2,383.75
• E-mini S&P 500 futures are down 0.13% at 5,312.75
• E-mini Nasdaq-100 futures are down 0.02% at 18,380
• E-mini Dow Jones Industrial Average Index futures are down 1.31% at 39,329

Bitcoin Stats:

• BTC Dominance: 63.91 (-0.18%)
• Ethereum to bitcoin ratio: 0.019 (0.54%)
• Hashrate (seven-day shifting common): 913 EH/s
• Hashprice (spot): $44.32
• Total Fees: 6.01 BTC
• CME Futures Open Interest: 141,280
• BTC priced in gold: 25.5 oz.
• BTC vs gold market cap: 7.23%

Crypto Equities

• Strategy (MSTR): closed on Thursday at $317.20 (1.78%), down 0.30% at $316.35 in pre-market
• Coinbase Global (COIN): closed at $175.03 (1.64%)
• Galaxy Digital Holdings (GLXY): closed at C$15.36 (-1.41%)
• MARA Holdings (MARA): closed at $12.66 (2.76%), up 0.16% at $12.68
• Riot Platforms (RIOT): closed at $6.46 (1.57%)
• Core Scientific (CORZ): closed at $6.63 (0.61%), up 0.29% at $6.65
• CleanSpark (CLSK): closed at $7.51 (3.16%), up 0.27% at $7.53
• CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $12.04 (1.09%), up 0.42% at 12.09
• Semler Scientific (SMLR): closed at $32.49 (4.79%), up 2.60% at $33.33
• Exodus Movement (EXOD): closed at $36.58 (-1.64%), up 4.98% at $38.40

ETF Flows

Spot BTC ETFs:

• Daily internet stream: $ 106.9 million
• Cumulative internet flows: $ 35.5 billion
• Total BTC holdings ~ 1.11 million

Spot ETH ETFs

• Daily internet stream: $ 0 million
• Cumulative internet flows: $ 2.26 billion
• Total ETH holdings ~ 3.31 million

Source: Farside Investors

Overnight Flows

While You Were Sleeping

• U.S. Will Abandon Ukraine Peace Efforts if No Progress Made Soon, Rubio Says (Reuters): After Paris talks, the Secretary of State mentioned Washington could shift focus except it sees inside days {that a} deal is achievable within the subsequent few weeks.
• Ukraine Says It Has Signed the Outline of a Minerals Deal With the U.S. (CNBC): The memorandum of intent signed Thursday will function the idea for what Scott Bessent says is an 80-page settlement that shall be signed by April 26.
• HashKey Capital to Debut Asian XRP Tracker Fund With Ripple as Anchor Investor (CoinDesk): The HashKey XRP Tracker Fund will give skilled traders XRP publicity.
• Deutsche Bank Sees More China Clients Moving Out of U.S. Assets (Bloomberg): Chinese business traders are shifting from U.S. Treasuries to eurozone bonds, Japanese debt and gold as issues over U.S. commerce coverage mount, says Deutsche Bank’s Lillian Tao.
• Japan Does Not Manipulate FX to Weaken the Yen, Finmin Says (Reuters): Japan final intervened to strengthen the yen, not weaken it, the finance minister mentioned in response to Donald Trump’s accusation it’s manipulating the forex to spice up exports.

In the Ether

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