Ethereum Market Cap Overtaken by McDonald's, Falls to $218.73 Billion

On April 1st, according to HTX market data, Bitcoin dropped below $83,000, experiencing a 24-hour decline of 0.58%.

On April 1st, the U.S. March ISM Manufacturing Activity experienced its first contraction of the year. Prices surged significantly for the second consecutive month as the aftershocks of tariff hikes continued to resonate throughout the economy. Surveys show that manufacturers' sentiment has been affected by the Trump administration's unbalanced tariff actions. Due to the uncertainty regarding the implementation details of additional tariffs, some businesses have put their investment plans on hold. Meanwhile, businesses rushed to import before the interest rate hike, causing the ISM Factory Inventory Index to reach 53.4, the highest level since October 2022. This helped support the overall indicator. The efforts to source goods and materials from overseas also contributed to the increase in material prices. With consumer demand cooling so far this year, producers may face difficulties in passing on the increased costs to consumers. (Jinshi)

On April 1st, the short-term decline of the DXY expanded to 20 points and is now reported at 104.16. (Wall Street 10)

On April 1st, Binance Wallet declared that it is going to collaborate with PancakeSwap to hold an exclusive token generation event for the AI-driven Bitcoin asset management solution named PumpBTC. Token Name: PUMP (PumpBTC) Chain: BSC Start Date: 4:00 PM (UTC) on April 1, 2025 End Date: 4:45 PM (UTC) on April 1, 2025 Total Raise Amount: $750,000 (in BNB) Available Tokens: 50,000,000 (5% of total supply) Accepted Token: BNB Token Price: 0.015 USD (in BNB) Subscription Cap per Binance Wallet User: 3 BNB

On April 1st, as monitored by ai_9684xtpa, GSR Markets deposited 400,000 LINK into Binance within the past 25 minutes, with a value of $5.6 million. These tokens were all withdrawn from OKX and Binance in February 2024, and the average withdrawal price was $19.33. If sold, the expected loss would be $2.13 million.

On April 1st, the U.S.-based cryptocurrency exchange Coinbase witnessed its worst quarterly performance since the 2022 FTX exchange crash. Despite having strong revenue expectations, its Q1 2025 stock price declined by 33%. Coinbase is anticipated to release its 2025 financial data in early May. The company's recent shareholder letter indicates that as of February 11th, it has generated approximately $7.5 billion in transaction revenue and anticipates that the subscription revenue will be between $6.85 billion and $7.65 billion. Although Coinbase has not disclosed its Q1 profit data yet, MarketBeat's analysis estimates its profit to be around $1.87 billion. Coinbase is not the only one. Most publicly listed crypto companies also reported similar results in Q1 2025. The major crypto mining company Marathon Digital Holdings saw its stock price near $17.5 at the beginning of the first quarter and dropped to $11 at the close, representing a loss of over 37%. Not only the crypto industry bu