Chair of the U.S. House Financial Services Committee: Trump's Crypto Transactions Make Regulation "Even More Complex"

April 2: Aurelie Barthere, who is the Chief Research Analyst at Nansen, mentioned that based on Nansen's data, there is a 70% likelihood that cryptocurrency prices will reach a bottom from now until June. Currently, the trading prices of BTC and ETH are respectively 15% and 22% lower than this year's highs. Given this data, the forthcoming discussions will act as significant market indicators. Once the most difficult part of the tariff negotiations comes to an end, a more definite opportunity for cryptocurrencies and risk assets to bottom out will present itself.

On April 2nd, Glassnode announced on social media that although the wealth share held by BTC investors who purchased the cryptocurrency 3 to 5 years ago has decreased by 3 percentage points since Bitcoin reached its peak in November 2024 of this cycle, it still remains at a historical high. The cost basis of this group of investors ranges from the low of $3,600 in 2020 to the high of $69,000 in 2021. This shows that the majority of investors who entered the market between 2020 and 2022 are still holding. In contrast, among investors who bought BTC 5 to 7 years ago, more than two-thirds had exited their positions by December 2024 when the peak was reached.

On April 2nd, as per ETF Stream, asset management firm Franklin Templeton, which manages $1.6 trillion in assets, is contemplating the launch of a cryptocurrency exchange-traded product (ETP) in Europe. A spokesperson for Franklin Templeton indicated that although there are no immediate plans to introduce a crypto ETP in Europe at present, the company is "monitoring and keeping in line with the continuously evolving regulatory framework in Europe and other regions in order to create cryptocurrency products that best fulfill the needs of our clients."

April 2nd. As per a CoinDesk report, the bankrupt cryptocurrency lending firm BlockFi stated that creditors need to claim their allocated assets by May 15th. Up to now, 97% of U.S. customers have claimed their allocation, while only 43% of non-U.S. customers have received their allocation. One potential reason for the low number of claimants is that some individuals thought that the message from the BlockFi Estate requesting customers to select a payment method was a spam email or a phishing attack. Certain customers might need to complete the KYC (Know Your Customer) identity verification process in order to receive their allocation. BlockFi strongly advises all customers who have not yet received their allocation or completed this process to do so by May 15th, 2025. Bankruptcy regulations stipulate that assets not claimed by customers prior to the May 15th deadline will be shared among other unsecured creditors with a lower priority. BlockFi filed for bankruptcy in November 2022 an

On April 2nd, according to Bitcoin Magazine, the board of directors of the Indian publicly listed company Jerking has given approval to raise funds for the purpose of purchasing Bitcoin.

On April 2nd, based on Coinglass data, the volatility of Bitcoin continues to decline and currently stands at 2.63%. For traders, high volatility implies greater potential for profit but also higher risks. Additionally, sharp fluctuations may indicate a trend reversal or adjustment.