Trump to Announce More Tariff Reduction Measures During Michigan Visit

On April 30th, according to Nate Geraci, who is the President of The ETF Store, the U.S. Securities and Exchange Commission (SEC) postponed the approval decisions of several cryptocurrency ETF applications today. The products involved are as follows: Franklin's SOL and XRP ETFs, Grayscale's HBAR ETF, Bitwise's DOGE ETF, Franklin and Fidelity's Ethereum ETF collateralized proposals, Franklin's cryptocurrency ETF, and Invesco Galaxy's Bitcoin and Ethereum ETF's physical creation and redemption mechanism. Nate Geraci stated that he still holds the view that all these products will be approved later this year.

On April 30th, as per ChainNews, an investor/institutional address that received 9 million UNI from Uniswap in September 2020 transferred the entire 9 million UNI ($47.07 million) to Coinbase Prime just one hour ago.

On April 30th, Kenneth Worthington, an analyst at JPMorgan, predicted that Robinhood (HOOD) might have difficulty maintaining its record-breaking cryptocurrency trading revenue in the fourth quarter of 2024. It is expected that the digital asset trading volume may decline in the first quarter of 2025. The trading platform is scheduled to release its first-quarter earnings report after the market close on May 1st. The report shows that Robinhood's cryptocurrency trading revenue surged by 700% in the last quarter of the previous year, which led to a significant increase in overall trading revenue. However, due to the late-quarter stock and bond sell-off and the cryptocurrency market pullback in the first quarter, the quarterly cryptocurrency trading volume is expected to decrease from $71 billion in the fourth quarter to $52 billion. The Assets Under Custody (AUC) is expected to decline by 5% quarter-over-quarter, but still show a 41% year-over-year growth. Although the retail buying fr

On April 30th, as reported by Bloomberg, Maria Luisa Hayem, the Minister of Economy of El Salvador, stated at the Rio de Janeiro Web Summit that although a loan agreement was signed with the International Monetary Fund (IMF) stipulating a halt to the accumulation of Bitcoin, El Salvador will still continue to purchase Bitcoin. Hayem confirmed in a live interview: "President Bukele has pledged to keep accumulating assets." According to the official announcement of El Salvador's Bitcoin Office, El Salvador has added 8 Bitcoins to its national Bitcoin Strategic Reserve in the past 7 days, bringing the total Bitcoin reserve to 6162.18 coins.

On April 30th: The U.S. District Court within the Western District of Texas delivered a final ruling. It was determined that the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury had acted unlawfully in imposing sanctions on Tornado Cash and had permanently prohibited the sanctioning of the mixer. This signified the conclusion of a two-year legal dispute, with the privacy protocol emerging victorious in the lawsuit settlement. Court documents reveal that although OFAC voluntarily removed Tornado Cash from the sanctions list in March 2024, Judge Robert Pitman indicated its potential intention to re-impose sanctions in the future and emphasized that "the ruling of the Fifth Circuit Court of Appeals must be adhered to." The six plaintiff lawyers in the case had accused OFAC of attempting to evade judicial review by means of technical maneuvers. It is worthy of note that the Tornado Cash developers, Roman Storm and Roman Semenov, still face criminal charges f

Update: On April 30th, based on the monitoring data of Farside Investors, yesterday witnessed a net outlay of $24.4 million in BITB and $13.3 million in ARKB.