Today’s Quick Facts (April 8, 2025)
The market is still volatile, but it has not collapsed yet: Global stock markets have lost $10 trillion, and the intensification of the trade war has made investors nervous, but from traditional finance to the crypto market, they are all looking for a short-term technical rebound. There is still uncertainty in the market.
Cryptocurrency temporarily recovers: Bitcoin and Ethereum rebounded after last weeks sharp drop, but panic sentiment remains. The launch of new products such as XRP leveraged ETFs reveals that some institutions are testing the waters.
Web3 is paving the way for the future: BlackRock CEO Larry Fink pointed out that asset tokenization is the key to financial democratization, while ETHGlobal Taipei focused on a group of developers working to solve real pain points.
The next stage of DeFi: Liquidity and Trust: Faced with problems such as stagnation of total locked-in volume and decentralized incentives, the industry is rethinking the liquidity guidance mechanism and exploring a scalable trust network to help Web3 evolve in a more mature direction.
The market never closes—and this week was a complete sleepless night. Global stock markets plummeted, wiping out trillions of dollars in market value; the crypto market experienced a thrilling rebound, and trade frictions once again became the focus. However, amid the turmoil, there were also many highlights: crypto ETFs were launched one after another, investment giants released important opinions, and the industry conducted in-depth thinking on liquidity and trust mechanisms. From Larry Finks promotion of asset tokenization to ETHGlobal Taipei gathering developer energy, the Web3 ecosystem is still evolving. Whether you are a trader, a builder, or a bystander who wants to keep up with the pace, this daily report will help you extract the most noteworthy points and see the real signals in the noise.
Table of contents
Cryptocurrency Market Overview
This weeks major crypto events
Web3 in-depth article recommendation
Crypto Twitter Hot Discussions
Macro Overview
After last weeks tragedy of more than $10 trillion in global market value evaporating, the market has finally stopped falling and rebounded temporarily - but investors nerves are still tense. On Tuesday, the market showed signs of warming up, and bargain-hunting funds entered the market, and everyone was waiting for further clarification of Trumps trade policy. In Asia, Japans Topix index soared more than 6% as Trump appointed two cabinet members to start bilateral negotiations with Japanese Prime Minister Shigeru Ishiba, suggesting that Japan may have priority in tariff negotiations. Chinas stock market also rebounded, with the national team taking action to protect the market and the central bank also promising to provide more liquidity support.
The European Stoxx 600 index rose 1.1%, attempting to rebound from three consecutive days of heavy losses. In the United States, SP 500 and Nasdaq futures rose 1.4% and 1.2%, respectively. The U.S. bond market stabilized slightly, but volatility remained high due to auctions of 3-year, 10-year and 30-year Treasury bonds this week.
SP 500 Futures Image Credit: TradingView
The market has already priced in three rate cuts by the Fed in 2025, with the first cut expected in June. However, uncertainty still looms large - Trump has threatened to impose an additional 50% tariff on China and rejected the EUs proposal of zero tariffs on industrial products, and the policy direction remains unclear.
At the same time, oil and gold prices rose slightly, and the US dollar fell back, showing that investors risk appetite has slightly rebounded. The good news is that BYD and Samsung released positive financial outlooks, further boosting the popularity of technology stocks.
In a nutshell: This rebound came at the right time, but the market is still shaky. Geopolitical friction, policy uncertainty and monetary policy direction will continue to influence market confidence.
Crypto Market Overview
The crypto market had a stumbling start to the week, but now there is finally some light at the end of the tunnel - but dont get too excited, the storm is far from over.
Bitcoin (BTC): Pulling Back from the Brink?
Bitcoin rebounded narrowly, once close to falling below $75,000, and is now back to around $79,524, up 6% in a single day. The high and low points fluctuated by $6,000, and market sentiment remained tense. Analysts warned: Once the $73,745 support is lost, it may retreat all the way to the $55K–$57K range. Now it can only be regarded as barely stable, and caution is still needed.
BTC/USDT Image Credit: TradingView
Ethereum (ETH): Rebound but not stability
ETH also rebounded, rising 8% to $1,571 in the past 24 hours, and reaching a high of $1,608. Not long ago, ETH hit a two-year low of $1,410, and the DeFi and NFT ecosystems were once in panic. Although it has recovered slightly at this stage, macro pressure and whale selling still loom over the market.
ETH/USDT Image Credit: TradingView
Other coins worth watching
BNB rose nearly 5% to $557, with the Binance Chain transaction volume rebounding significantly;
XRP surged more than 10% to $1.86, driven by optimistic expectations for the SEC case;
Cardano (ADA) rose 11.7% and is currently trading at $0.58, supported by active staking.
Solana (SOL) rose 11% to $108 as development enthusiasm remains high despite recent network issues.
In terms of total market value, the crypto market has risen to $2.54 trillion, a single-day increase of 4.3%. However, the Fear and Greed Index is still in the Extreme Fear area - although the market rebounded, market confidence is still fragile.
Image Credit: CoinStats
Macro News Quick Facts
US stocks evaporated $5 trillion in two days, and the market fell into panic
Wall Street is facing a plummeting storm, with more than $5 trillion in market value evaporated in just two days! The SP 500 and Nasdaq 100 indexes fell together, and technology stocks fell sharply, entering a bear market. The trigger was the Trump administrations large-scale imposition of new tariffs on many countries, which caught the market off guard. Despite the collapse in market value, Trumps attitude remains tough, saying that this is the necessary price to reconstruct the global trade balance.
China responded strongly and quickly rescued the market
Faced with the provocation from the United States, Beijing quickly launched a market stabilization campaign. State-owned funds entered the market to buy stocks, the central bank injected liquidity, and the RMB was allowed to depreciate below 7.20, setting a new low since 2023. Many analysts predict that China may adopt a more flexible exchange rate mechanism to maintain export competitiveness.
Tesla suffers a double blow: trade war + Musk controversy
Teslas stock price plunged 15% in two days. On the one hand, the Sino-US trade conflict hit sales in the Chinese market, and on the other hand, Musks frequent rollovers in public relations also aroused the disgust of Chinese consumers. Wedbush even slashed its target price by 43%. Investors are highly nervous.
To sum up in one sentence: the global market is still in a neurotic mode.
Crypto Market Quick Facts
Teucrium launches the first leveraged XRP ETF, sparking market attention
ETF issuer Teucrium recently officially launched the worlds first leveraged XRP exchange-traded fund, the Teucrium 2 x Long Daily XRP ETF, which has been listed and traded on NYSE Arca. The product provides investors with twice the performance of daily XRP returns without directly holding XRP itself. It is designed for short-term operations and high-yield traders, and naturally comes with higher risks. With XRP returning to the stage under clearer regulation and the expansion of DeFi applications, this ETF is timely and has received strong attention from institutional investors.
Galaxy Digital is ready to go public on Nasdaq
Crypto investment bank Galaxy Digital is preparing to list on Nasdaq (stock code: GLXY). Its restructuring plan has been approved by the SEC and is expected to be voted on by shareholders on May 9. If approved, the company will complete a dual listing and retain its existing listing status on the Toronto Stock Exchange, thereby enhancing liquidity and brand influence. This also marks a further deepening of its layout in the field of crypto asset management.
Tether plans to launch new stablecoin for the US market
According to sources, Tether is developing a new stablecoin designed specifically for the U.S. market. Tether CEO Paolo Ardoino said the project will be in line with the current U.S. regulatory trends and reflect the companys strategic thinking of compliance first, global expansion. This move also shows Tethers positive attitude in responding to global policy changes in a prudent manner.
Web3 Featured Reading
Larry Fink: Tokenization is the future, Bitcoin may challenge the hegemony of the US dollar
Larry Fink, CEO of BlackRock, made a surprising statement in his annual letter to investors: If the US debt continues to deteriorate, Bitcoin may challenge the global reserve status of the US dollar. He praised DeFi for improving market efficiency and transparency, and said that tokenization is the real financial democratization - in the future everyone may own an office building or part of the assets of a private equity fund. BlackRock is increasing its investment in infrastructure and private credit, eyeing the outbreak of this new financial era.
👉 Original link: https://seekingalpha.com/article/4772236-larry-finks-2025-annual-chairmans-letter-to-investors
Circles IPO sprint, valuation shrinkage sparks heated discussion
Circle is preparing to restart its IPO plan, but the market reaction is mixed. Its valuation has shrunk by almost half, and its main revenue relies on U.S. bond investment - a model under pressure in the context of possible interest rate cuts. In addition, the profit sharing with Coinbase has limited profitability, which makes many investors reserved. However, its global business expansion and stablecoin growth trend also provide a glimmer of hope for the future.
👉 Original link: https://www.panewslab.com/zh/articledetails/w533b2xp.html
Don’t let stablecoins lie flat anymore, try these profit strategies
Are you still letting USDT and USDC sit idle in your wallet? This guide will show you how to use stablecoins smartly: from basic lending to advanced funding rate arbitrage, everything is covered. Emerging projects like Ethena, Ondo, and Pendle are redefining the low-risk, high-efficiency DeFi revenue gameplay.
👉 Original link: https://mirror.xyz/zhaotaobo.eth/G_kbXo-qsNfYOcKiKscXc8f0X NP 6 Op 2 GDo 7 xJ 1 Cy-lg
Crypto Twitter Trending
This week on Crypto Twitter, topics ranging from technical inspiration to underlying beliefs were all ignited. Here are 5 hot posts that set off the circle:
🚀 ETHGlobal Taipei Station made a wonderful appearance
ETHGlobal Taipei exhibited 226 projects and selected the final 8. Developers came up with many innovative ideas, from new DeFi tools to Layer 2 architectures, and Asia once again proved that it is a hotbed of innovation for Web3.
🔗 View tweet: https://x.com/ETHGlobal/status/1908803397278654744
📉Bitcoin ≠ SP 500
@tme l0 211 Remind everyone: Bitcoin was not designed to follow traditional indexes. It represents a completely different financial logic - decentralized, unconnected, and highly disruptive.
🔗 View tweet: https://x.com/tmel0 211/status/1908346012814762259
🛠️ Inspiration bursts out on the weekend, let’s go build something!
@dwr posted 50 mini app ideas, which directly activated the passion of developers. His core point is: don’t wait for the best idea, just do it, execution > procrastination.
🔗 View tweet: https://x.com/dwr/status/1908307344456581274
💧DeFi’s liquidity dilemma
@paramonoww pointed out that the TVL of DeFi is currently stagnant and liquidity incentives are difficult to sustain. He suggested that everyone start thinking about new sustainable solutions to attract real capital.
🔗 View tweet: https://x.com/paramonoww/status/1907163920877678881
🧠It’s not just technology that’s expanding, it’s also trust
@NTmoney shared an insight about the “social scalability” of blockchain: The real power of blockchain is not TPS, but the amplifier of trust mechanism.
🔗 View tweet: https://x.com/NTmoney/status/1907506604842561862
Conclusion and Outlook
Although the market rebounded briefly, the overall macro landscape is still full of uncertainty. Geopolitical tensions, concerns about economic recession, and the actions of central banks around the world still make investors nervous. Although the price of the crypto market has rebounded, the extreme fear index shows that sentiment is still bearish.
However, this is also a time for builders and long-term investors. From Galaxy Digitals sprint to Nasdaq listing to Tethers consideration of launching a US version of the stablecoin, institutions have been making frequent moves. Larry Finks vision of asset tokenization is no longer just a concept, but more like a realistic path to capital inclusion.
In the next few days, it is recommended to pay attention to the results of the U.S. Treasury auction, the policy direction of the Federal Reserve, and the trend of Bitcoin at the $80,000 mark. At the same time, the on-chain liquidity incentive mechanism is also brewing new changes, and the next stage of DeFi may be just around the corner.
Summary: Short-term volatility, long-term innovation. Stay flexible and keep learning.
Disclaimer: The content of this article only represents the authors personal views and does not represent the official position of XT.COM . The information in this article is for reference only and does not constitute any investment advice. Please make independent judgments and do a good job of risk control.
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