- *Bitcoin*: Hits a new all-time high of $117,625, with some analysts predicting it could reach $200,000 by year-end or even $300,000 based on the "power law" model. - *Ethereum*: Trading at $2,951, with Ethereum ETFs recording their best week since launch with $900 million in inflows. - *XRP*: Surges to a 4-month high, with XRP futures ETF volume spiking 5x and XRP overtaking USDT in market cap. - *Altcoins*: Rallying strongly, with some coins like BONK and Hyperliquid ($HYPE) reaching new highs
*Recent Developments*
- Pump.fun: Raises $600 million in 12 minutes, with the token sale selling out quickly. - *Kraken*: Promises PUMP airdrop for disenfranchised users, while Bybit receives backlash over PUMP token sale mismanagement. - *Coinbase*: Sues Oregon officials for secretly changing state crypto policy and partners with Perplexity AI to deliver real-time crypto market data.
*Regulatory News*
- *US SEC*: Delays Grayscale's GDLC ETF debut, while BlackRock's IBIT becomes the fastest ETF to cross $80 billion in assets. - *US Ethereum ETFs*: Set for their best month since SEC approval, with significant inflows. - *Trump's Crypto Ventures*: Holdings edge higher as WLFI pushes for open trading, despite controversy over Trump's tariff threats
- *Bitcoin*: Hits a new all-time high of $117,000, with some analysts predicting it could reach $130,000 before serious profit-taking kicks in. Bitcoin's market structure suggests an accelerated phase of price discovery has just begun. - *Ethereum*: Trading at $2,530, with some analysts predicting a rally to $3,000 due to corporate treasury purchases and bullish trading sentiment. Ether price chases $3,000 as trading sentiment turns bullish amid multiple corporate ETH treasury announcements. - *XRP*: Nears $2.50, propelled by new holders reaching a 4-month high.
*Regulatory News*
- *US Senate*: Confirms Jonathan Gould as OCC chief, bringing crypto experience to the role. The US Senate also introduces a bill to enact sanctions on El Salvador's Bitcoin usage in human rights violations. - *US Treasury*: Scraps crypto broker reporting rule for DeFi platforms after a Congressional vote. The US Treasury also overturns a controversial rule on crypto tax reporting.
*Other News*
- *Coinbase*: Partners with Perplexity AI to deliver real-time crypto market data and AI-driven insights. Coinbase also adds support for Pump.Fun ahead of its $PUMP token ICO. - *Grayscale*: Adds BONK, Hypeliquid, and 30 other tokens to its new Q3 assets list. The US SEC delays Grayscale Avalanche ETF launch. - Pump.fun: Makes its first acquisition, buying the wallet-tracking project Kolscan ahead of its $1 billion ICO ¹ ² ³. https://cointelegraph.com/
- *Bitcoin*: Trading at $107,752, with a 1.56% decrease. BlackRock's iShares Bitcoin ETF now holds 55% of the total Bitcoin held across all US spot Bitcoin ETFs, surpassing 700,000 Bitcoin. - *Ethereum*: Trading at $2,530.16, with a 1.85% decrease. Ethereum struggles to maintain gains following last week's recovery. - *XRP*: Trading at $2.25, with a 0.85% decrease. XRP price eyes $4 as RLUSD nears $1B market cap after 800% YoY growth ¹ ².
*Regulatory News*
- *SEC*: Acknowledges Trump's Truth Social Bitcoin and Ethereum ETF, starting the clock for the US securities regulator to decide on the proposed ETF. - *US Government*: Drops Tornado Cash appeal, boosting TORN's value. - *EU*: Approves 53 crypto firms under MiCA, while Tether and Binance miss out ¹ ³.
*Other News*
- *Metaplanet*: Purchases 1,005 BTC, bringing its total holdings to 13,350 BTC, and eyes digital bank acquisition in phase 2 of its Bitcoin strategy. - *Strategy*: Halts Bitcoin purchase, reports $14 billion BTC gain, and plans to raise $4.2 billion via STRD stock sale to fund new Bitcoin purchases. - Pump.fun: Revenue plummeted over 90% from its historical peak ¹ ⁴.
Here are some of the latest crypto news updates today 04/07
Market Updates - *Bitcoin*: Trading above $109,000, with some analysts predicting it could reach new highs. - *Ethereum*: Surpassing $2,600 threshold in rally fueled by U.S. payroll numbers. - *Dogecoin*: Rebounds, eyes $0.26 if momentum builds. - *XRP*: Trading at $2.25, with a 430% increase in payment use on XRP Ledger over the past two years ¹ ².
Regulatory News - *US House Committee*: Announces "Crypto Week" to discuss three bills, including stablecoin and crypto market structure regulations. - *SEC Chair Paul Atkins*: Commits to advancing tokenization, recognizing it as a significant development in the financial sector. - *Indonesia's 2025 Crypto Regulations*: Oversight shifts from Bappebti to the Financial Services Authority (OJK), with new taxes implemented ³ ².
Other News - *Tether*: Partners with Adecoagro to mine Bitcoin with renewable energy in Brazil. - *Nano Labs*: Doubles down on BNB with $50 million OTC purchase. - *Coinbase*: Acquires Liquifi, a token management platform, marking its fourth acquisition in 2025. - *KuCoin*: Launches Futures Trading Carnival with 50,000 NODE prize pool and adjusts tick size for TRISIG/USDT pair ¹ ².
Metaplanet surpasses Cleanspark with $108M Bitcoin buy Japanese Bitcoin treasury firm Metaplanet has surpassed mining company Cleanspark in becoming the fifth-largest corporate holder of Bitcoin after buying another 1,005 BTC for $108 million.
The firm now holds 13,350 BTC acquired for around $1.31 billion at around $97,832 per Bitcoin. At current market prices, the treasury is worth $1.45 billion. Bitcoin mining company CleanSpark holds 12,502 BTC, according to BiTBO. The firm has eclipsed Tesla, Hut 8, Coinbase and Block Inc. in Bitcoin treasury size and now only trails Strategy, Marathon Digital, Twenty One Capital and Riot Platforms.
Saylor hints at continuing Bitcoin buying streak, marking week 11 of consecutive purchases Strategy co-founder Michael Saylor signaled an impending Bitcoin purchase in a Sunday social media post, making this the 11th consecutive week the company has accumulated more BTC.
Data from SaylorTracker shows that Strategy currently has a total of 592,345 BTC, valued at over $63 billion, and is up over 52% on its investment.
Bitcoin Price, SEC, Kenya, United States, Donald Trump, Binance, Solana, MicroStrategy, Michael Saylor
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