๐ Weekly Crypto Recap โ April 1, 2025
๐ Weekly Crypto Recap โ April 1, 2025
Markets, Moves & Must-Know Insights!
Buckle up, traders! This past week was a rollercoaster of epic proportions in the crypto world ๐ข๐ฅ. From GameStop’s billion-dollar Bitcoin move to MicroStrategy stacking more BTC, and the looming impact of U.S. trade policiesโevery trader and investor needs to be on high alert. ๐๐ฐ
Bitcoin is holding strong despite macro headwinds, altcoins are struggling to find momentum, and institutional players are making game-changing moves. If youโre not paying attention, youโre already behind! โณ
Letโs dive into the biggest crypto shake-ups of the week and whatโs coming next! ๐
Week in Review โ April 1, 2025
GameStop to raise $1.3bn via convertibles (37.5% premium); closes 1 Apr. MicroStrategy tops 500k BTC with $584M buy. Fidelity files โSolana Fundโ, eyes spot ETF (87% approval odds, $15.1T AUM); also eyes stablecoin launch post-SOL ETF push. Trump Media to launch ETFs via Cryptoโคcom. Altman (OpenAI) is in talks with Visa for a stablecoin wallet. Kraken eyes $1bn debt deal with GS/JPM. BlackRock launches EU Bitcoin ETP (Coinbase custodian). USDC supply tops $60B, doubling YoY. HyperLiquid delists JELLY after a $13.5m exploit; trader pumped spot while shorting perps, wiping out HLP vault. Tether launches USDT0 on Optimism Superchain to boost cross-chain USDT liquidity ($141bn).
April 2nd is the date to watch โ the market is keenly monitoring for potential new tariff announcements from President Trumpโs camp. Weโve got clear risk-off signalling โ treasuries are bid, gold is pumping, and weโve seen four consecutive days of US equity downside…
Table of Contents
๐ฅ GameStop Goes Crypto? $1.3B BTC Move!
GameStop ($GME) is taking a page out of MicroStrategyโs book! The company announced a $1.3 billion convertible note issuance to fund a corporate Bitcoin treasury, echoing Michael Saylorโs legendary BTC strategy. But will it pay off? Investors remain split as traditional markets show risk-off sentiment amid economic uncertainty.
๐ฆ MicroStrategy Hits 500K BTC!
Michael Saylor does it again! MicroStrategy has now amassed over 500,000 BTC after purchasing an additional $584 million worth of Bitcoin. Saylor also floated the idea that BTC could transform the Fedโs $40T debt into $40T in equityโa bold claim, but one thatโs capturing attention.
๐ฎ Solana ETF Incoming? Fidelity Makes Its Move!
Fidelity has filed for a Solana Fund, with 87% approval odds and $15.1 trillion AUM backing it. Thatโs not allโFidelity is reportedly eyeing a stablecoin launch post-SOL ETF approval. Will this move fuel the next big rally?
๐ BlackRock Drops a Bitcoin ETP in Europe
BlackRock is doubling down on BTC exposure with the launch of an EU Bitcoin ETP. Coinbase has been tapped as the custodian, further cementing institutional confidence in the crypto space.
๐ฐ Krakenโs Big Play โ $1B Debt Deal in the Works
Crypto giant Kraken is in talks with Goldman Sachs & JPMorgan for a $1 billion debt deal, signaling major institutional expansion moves. This comes as Kraken locks in a $1.5 billion deal for NinjaTrader, setting the stage for multi-asset trading integration.
๐ต USDC Supply Tops $60B โ Whatโs Next?
Stablecoin adoption is skyrocketing as USDC supply doubles year-over-year, now exceeding $60 billion. This rapid growth highlights the shifting landscape towards stable, yield-generating assets.
๐ HyperLiquid Exploit: $13.5M Gone!
Bad actors strike again! HyperLiquid has delisted JELLY after a trader manipulated spot markets while shorting perps, resulting in a $13.5 million exploit. The attack wiped out the HLP vault, shaking DeFi confidence.
๐ฅ Market Movers: BTC, Tariffs & Liquidity Games
Bitcoin is holding strong around $81,416, down 1.4% daily. But with high liquidation levels at $90,000, a short squeeze could be in the making. April 2 is a key dateโpotential new tariffs from Trumpโs camp could create serious market turbulence.
๐ BTC Technical Outlook: Choppy Waters Ahead?
- Key resistance levels: $85,000 โ $90,000
- Key support levels: $80,000 โ $77,000
- Watch for liquidation triggers above $90,000โmass buy orders could send BTC soaring!
๐ Global Moves: Chinaโs Gold Reserves & US Trade Policies
China now holds 2,280 metric tons of gold, accounting for 5% of its foreign reserves. The 2022 freezing of Russiaโs central bank assets fueled sovereign gold buying, and China, India, Poland, and Kazakhstan are leading the charge. This strategic gold buildup could influence US monetary policyโcould Trump respond by embracing a Bitcoin Reserve strategy?
๐ฎ Whatโs Next? Key Events to Watch ๐
๐ US Trade Policy Review & Tariff Implementation (Apr 1-2) โ New auto & agricultural tariffs could shake markets.
๐ US Non-Farm Payrolls (Apr 4) โ Expectations: 128k jobs added, unemployment up to 4.2%.
๐ฐ RBA Rate Decision (Apr 1) โ No rate change expected after a Feb 25bps cut.
๐ US ISM PMIs (Apr 1 & 3) โ Key signals for manufacturing & services outlooks.
๐ Final Thoughts: Markets are at a tipping point. Between macro risks, institutional moves, and liquidity setups, the coming week will set the stage for major price action. Will Bitcoin break out, or are we in for a retest of lower levels? Stay sharp, traders! ๐ฅ๐๐
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