【4/8(Tue)Top 10 Major web3 News】First ever XRP ETF to be launched in the U.S. on Tuesday / Market capitalization of cryptocurrencies down 30% from peak due to tariff disruption etc..
Today's major news in 5 minutes!
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Mitsui from web3 researcher.
This is a summary of major news items for the last 24 hours.Please use it to stay informed.
World Liberty Financial Offers $1 Stable Coin Airdrop for WLFI Holders
First ever XRP ETF to launch in the US on Tuesday.Spot ETF still pending
Crypto Lawyer Sues Homeland Security to Unmask Bitcoin Founder Satoshi Nakamoto
TON Foundation Veteran Says Promoting Wallet Democratization Is "Critical" to Mini App Ecosystem
Binance founder CZ becomes strategic advisor to the Pakistan Crypto Assets Council
Hong Kong to legislate stable coin regulations by the end of the year
Tether Considers Offering Stablecoin Exclusively for the US Market
Cryptocurrency market cap down 30% from peak due to tariff disruption
🏦Curve Finance handles record $34.6 billion in transaction volume in Q1
The DeFi sector has been in a broad-based slump this year, but Curve Finance, a DEX specializing in stablecoins, successfully bucked the trend
In Q1 2025, Curve recorded $34.6 billion in transaction volume, a 13.3% increase YoY and the highest in the platform's history
Transaction volume jumped to 5.5 million from 5.2 million in Q4 2024, significantly higher than the 1.8 million recorded in Q1 2024
With an eye to the future, Curve aims to evolve from a highly efficient DEX to "a fundamental DeFi infrastructure that drives not just the protocol but the entire ecosystem.Curve aims to evolve from a highly efficient DEX to "a fundamental DeFi infrastructure that drives the entire ecosystem, not just the protocol.
💧World Liberty Financial Offers $1 Stable Coin Airdrop for WLFI Holders
President Trump-backed World Liberty Financial proposes a test airdrop of its recently announced U.S. dollar stable coin for WLFI holders.
According to the project, the proposed test is intended to ensure the technical stability of the airdrop system and reward early supporters
✨✨The first ever XRP ETF is scheduled to launch in the US on Tuesday.Spot ETF still pending.
Teucrium Investment Advisors LLC Launches Leveraged XRP ETF Tuesday
This is the first XRP-based ETF in the U.S. market
Several U.S. issuers have filed for spot XRP ETFs, which are still under review by the SEC
One analyst said spot XRP ETFs are increasingly likely to be approved this year, but demand for such funds remains uncertain
🧑⚖️Crypto Lawyer Sues Homeland Security to Unmask Bitcoin Founder Satoshi NakamotoSue
The U.S. Department of Homeland Security is being sued under the guise of finding out the identity of Satoshi Nakamoto, the anonymous founder of Bitcoin
In a lawsuit filed Monday in the U.S. District Court for the District of Columbia, crypto lawyer James A. Murphy sought to produce documents relating to Satoshi Nakamoto's identity
In light of the "massive public and private investment in Bitcoin, it is important that Mr. Murphy and the public better understand what the federal government knows about the identity of those responsible for the creation of Bitcoin," attorneys representing Mr. Murphy said in the complaint.
👛TON Foundation veteran says promoting wallet democratization is "critical" to the mini-application ecosystem
TON's success with mini-apps has led to a rapid rise in popularity, but activity has declined since peaking last year, with network volume and the market capitalization of its native token, Toncoin, steadily declining
At the BUIDL 2025 conference in Hong Kong, Steve Yung, former president and current board member of the TON Foundation, expressed confidence in TON's resilience despite ongoing challenges
One of the criticisms facing the TON ecosystem is the perceived favoritism of certain applications, specifically, some members of the TON community have stated that certain mini-apps in Telegram's wallet have received more push from the TON Foundation than community favoritesNoted that they appear to be receiving more push
Yoon acknowledged that this issue is a "critical issue" that needs to be resolved for the future of the TON
Yoon said that the company responsible for the wallet is currently working on a new product aggregation strategy and that he expects the platform to be further democratized in principle once it is released
🇵🇰Binance founder CZ to become strategic advisor to Pakistan Crypto Assets Council
Binance founder and former CEOCZ has joined the Pakistan Crypto Council, a government agency in Pakistan, as a strategic advisor.
As Strategic Advisor to the Council, Mr. CZ will provide guidance on regulation, infrastructure, education, and recruitment.
Pakistan is a country of 240 million people, more than 60% of whom are under the age of 30.The potential of this country is unlimited," he said in the announcement.
👦NFT Certificate of Initiation issued at NTT Docomo G induction ceremony, with support from NTT Digital and others
NTT Digital announced on April 7 that it supported NTT DOCOMO Group's efforts to utilize NFTs at its FY2025 joint induction ceremony.
In this initiative, SBTs, which are non-transferable NFTs, were given to approximately 1,500 new employees from 23 companies of the group who participated in the induction ceremony held on April 1 as a certificate of employment.
SBTs were also used as keys to solve riddles in a riddle-solving game held as part of the induction ceremony, and were also used to obtain rewards.
🇭🇰Hong Kong to legislate stable coin regulation by the end of the year.
Hong Kong's Financial Secretary Paul Chan speaks on stablecoin regulation at the Web3 Festival in Hong Kong.
According to Chan, the Financial Services and Treasury Bureau and the Hong Kong Monetary Authority (HKMA) are working together to implement a licensing regime related to stable coin regulation by the end of this year.
The government also plans to consult on a licensing regime for OTC trading services and custodian services for crypto assets.
🟩Tether Considering Offering Stablecoin Exclusively for US Market
Tether is considering offering a stable coin exclusively for the U.S. market, the Financial Times and The Block reported on April 7
Tether has stopped offering its services to U.S. individual and corporate customers since 2018.
Speaking to both media outlets, Tether CEO Paolo Ardoino commented that the new stablecoin offering being considered "will be different from the stablecoin developed to support emerging markets and financial inclusion in Africa and elsewhere, and will be tailored to meet the needs of large regulated institutions with very different infrastructure requirements.It will be tailored," he commented.
Recommended Articles *Free for one week only【Foil】Establishes Futures Market to Stabilize Prices of Gas, Blob Space, and More
Foil is a futures market protocol for reducing price volatility of gas and blob space on Ethereum, providing transaction cost stabilization.
The system utilizes oracles and AMMs to forecast and trade "average future gas prices," allowing users to lock in costs in advance and helping operators manage their budgets.
Many web3 players are key targets, including oracle nodes, DeFi traders, DApp developers, roll-up operators, and large users.
Currently in testing phase, but with the possibility of DAO and token issuance suggested in the future, it is expected to grow as a web3 infrastructure.
🧵Pickup:Cryptocurrency market cap down 30% from peak due to tariff disruption
🌱News Summary
On April 7, 2025, the cryptocurrency market suffered a major disruption, with market capitalization down 30% from its peak.This sharp decline was mainly due to new tariff measures announced by U.S. President Donald Trump and China's retaliatory tariffs in response.These trade frictions have worsened investor sentiment and caused an outflow of funds from risky cryptocurrency assets.
📗 Prerequisites
The Impact of Tariffs and Trade Friction: Tariffs are taxes imposed by states on imported goods to protect domestic industries and reduce trade deficits.However, high tariffs often serve as barriers to international trade and lead to retaliatory measures by trading partners, which in turn can have a negative impact on the global economy.In particular, trade friction between the U.S. and China is a major factor affecting the global economy.
Cryptocurrency Market Characteristics: Cryptocurrencies are highly volatile and are heavily influenced by investor risk appetite and market sentiment.Like traditional financial markets, they are sensitive to geopolitical risks and changes in economic policy, and prices tend to fall sharply when uncertainty increases.
👀 Noteworthy, detailed explanation
Bitcoin Price Trends: Bitcoin briefly fell to $78,000, its lowest price in 2025. This represents a drop of approximately 28% from its price prior to the tariff announcement.Other major cryptocurrencies experienced significant declines as well, with Ethereum falling to nearly $1,500.
Investor risk aversion: Due to tariff measures, investors are pulling their money out of risk assets and shifting to safe assets.This move has affected not only the cryptocurrency market, but also the stock market, with the S&P;P 500 and the Nasdaq Composite Index recording significant declines.
Leveraged Positions Liquidated: The market plunge resulted in the liquidation of approximately $1.2 billion in bullish cryptocurrency positions. In particular, investors who had used leverage suffered significant losses when they were forced to unwind their positions due to lower margin maintenance rates.
📈 Future forecast
Market Recovery Potential: Market recovery will largely depend on progress in trade negotiations between the U.S. and China and the easing of tariff measures.If the two countries reach an agreement and trade friction is resolved, investor sentiment could improve and the cryptocurrency market could begin to recover.
Impact on Investors: Investors should continue to pay attention to geopolitical risks and economic policy fluctuations and manage portfolio risk carefully.In particular, investing in high-volatility assets such as cryptocurrencies requires prudent judgment.
Disclaimer：I carefully examine and write the information that I research, but since it is personally operated and there are many parts with English sources, there may be some paraphrasing or incorrect information. Please understand. Also, there may be introductions of Dapps, NFTs, and tokens in the articles, but there is absolutely no solicitation purpose. Please purchase and use them at your own risk.
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mitsui
A web3 researcher. Operating the newsletter "web3 Research" delivered in five languages around the world.
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*Please note that this newsletter translates articles that are originally in Japanese. There may be translation mistakes such as mistranslations or paraphrasing, so please understand in advance.