Asian markets responded overnight with a wave of crypto sell-offs, with Bitcoin shedding over 7% in value during the early hours of April 8 kupang hotels. Traders across South Korea, Singapore, and Japan reacted to tariff news with intense sell-side pressure, driving the price down across all major tokens.
On April 10, 2025, the staff of the Division of Corporation Finance of the SEC issued a statement (Staff Statement) expressing its observations regarding certain disclosure requirements under the federal securities laws regarding the offering and registration of securities in the crypto asset markets.
Later in the month, market sentiment turned cautiously optimistic, as fresh capital entered the space through ETF proposals and large-scale acquisitions. Upexi Inc. announced the purchase of 200,000 SOL tokens worth $30 million, with more investments to follow. Similarly, a Canadian digital asset firm revealed a $500 million convertible note for SOL acquisition and staking.
SEC and DOJ dismiss securities fraud case against BitClout founder. On February 28, federal prosecutors on behalf of the DOJ and the SEC voluntarily dismissed their case against Nader Al-Naji, founder of the crypto social network platform BitClout. The SEC and the US Attorney’s Office for the Southern District of New York had charged Al-Naji with lying to a venture capital firm about how decentralized his token-based social network really was. Al-Naji faced wire fraud allegations and separate civil charges that he defrauded investors by claiming that he would not benefit from the proceeds of his token sales, while allegedly spending millions of dollars from the token offering on himself and his family members.
In legal arenas, Richard Heart of Hex, PulseChain, and PulseX received a favorable judgement from a U.S. District Court, dismissing the SEC’s claims due to lack of jurisdiction. Despite other ongoing legal issues, this was seen as a victory for cryptocurrency proponents, influencing investor perception positively.
In Texas, HB 5352 would establish a State Blockchain Technology Pilot Program by the Department of Information Resources. The pilot aims to see how blockchain technology could improve “transparency, security, and efficiency in government operations.”
Major developments in the crypto and fintech space this week: – PayPal expands its presence in Europe with plans to launch in-store payment services in Germany by summer 2025 – UK and India sign comprehensive free trade agreement, potentially opening new opportunities for fintech collaboration – Office of the Comptroller of Currency (OCC) releases updated guidelines for banks managing crypto assets – New Hampshire makes history as first US state to establish official cryptocurrency reserves – Citi partners with Swiss Digital Exchange (SDX) to develop tokenization solutions for private markets *Previous milestone: South Korea lifted its 7-year crypto investment ban, while Mastercard reported 30% of transactions now tokenized.*
Crypto stocks in the United States also dropped recently. This happened because of global problems, including rising trade tensions. When Bitcoin falls, crypto-related stocks often go down too. Investors are being more careful right now.
In Texas, HB 5352 would establish a State Blockchain Technology Pilot Program by the Department of Information Resources. The pilot aims to see how blockchain technology could improve “transparency, security, and efficiency in government operations.”
Major developments in the crypto and fintech space this week: – PayPal expands its presence in Europe with plans to launch in-store payment services in Germany by summer 2025 – UK and India sign comprehensive free trade agreement, potentially opening new opportunities for fintech collaboration – Office of the Comptroller of Currency (OCC) releases updated guidelines for banks managing crypto assets – New Hampshire makes history as first US state to establish official cryptocurrency reserves – Citi partners with Swiss Digital Exchange (SDX) to develop tokenization solutions for private markets *Previous milestone: South Korea lifted its 7-year crypto investment ban, while Mastercard reported 30% of transactions now tokenized.*
April 13The White House announced that electronics exemptions were only temporary and hinted at new tariffs on computer chips.By now, markets showed signs of fatigue, appearing less reactive to sector-specific tariff news. Gold continued to climb as a hedge, while Bitcoin and equities diverged temporarily until April 21, when they synchronized again amid renewed S&P 500 growth. Bitcoin demonstrated a higher upside response.
ETH (+4.43%) and XRP (+4.11%) led the price increase. Chicago Mercantile Group (CME) is expected to launch XRP futures and Micro XRP futures on 19 May. Volatility drop was led by ETH (-51.86%) and APT (-47.30%), which coincided with a weekly adjustment after a spike in volatility the week before ( +112.90% for ETH and +62.65% for APT).
Bitcoin continues to draw liquidity and increase its dominance in the market. This momentum is being driven by continued purchases from both nation-states and institutional players. Still, market liquidity can shift quickly and unexpectedly.
April 13The White House announced that electronics exemptions were only temporary and hinted at new tariffs on computer chips.By now, markets showed signs of fatigue, appearing less reactive to sector-specific tariff news. Gold continued to climb as a hedge, while Bitcoin and equities diverged temporarily until April 21, when they synchronized again amid renewed S&P 500 growth. Bitcoin demonstrated a higher upside response.
ETH (+4.43%) and XRP (+4.11%) led the price increase. Chicago Mercantile Group (CME) is expected to launch XRP futures and Micro XRP futures on 19 May. Volatility drop was led by ETH (-51.86%) and APT (-47.30%), which coincided with a weekly adjustment after a spike in volatility the week before ( +112.90% for ETH and +62.65% for APT).
Bitcoin continues to draw liquidity and increase its dominance in the market. This momentum is being driven by continued purchases from both nation-states and institutional players. Still, market liquidity can shift quickly and unexpectedly.