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Symbolic Capital Partners transferred over 10,000 Ethereum to a CEX within 24 hours, equivalent to approximately $19.36 million.

19 hours ago

On April 3rd, according to The Data Nerd's monitoring, Symbolic Capital Partners transferred 603 Ethereum to Coinbase within the past 2 hours, which is approximately worth $1.1 million. During the last 24 hours, this institution has transferred a total of 10,334 Ethereum to Binance and Coinbase, approximately amounting to $19.36 million. Over the past month, its total Ethereum deposits to CEX reached 28,056 Ethereum, approximately worth $52.44 million.
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Bitcoin Surges Past $83,000

On April 4th, according to HTX market data, Bitcoin saw a rebound and surpassed $83,000. It is now trading at $83,069.

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Yesterday, Grayscale's GBTC saw a net outflow of $60.2 million, while ARK's ARKB saw a net outflow of $20 million.

On April 4th, as monitored by Farside Investors, the net outflow of Grayscale GBTC yesterday was $60.2 million, and the net outflow of ARK's ARKB was $20 million.

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J.P. Morgan Raises Global Economic Recession Forecast for This Year to 60%

On April 4th, Bruce Kasman, the Chief Economist of JPMorgan Chase, stated that if the Trump administration continues to impose tariffs on U.S. trading partners, it has the potential to push the U.S. and potentially the global economy into a recession by 2025. Kasman said in a note on Thursday, "The risk of a global economic recession this year has risen from 40% to 60%." He characterized the tariffs as the largest tax increase on American households and businesses since 1968. He also pointed out that the impact of this tax increase is likely to be intensified through retaliation, declining business sentiment, and supply chain disruptions. (FXStreet)

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South Korea May Consider Opening up Crypto Market to Foreign Investors

April 4th. According to Financefeeds, Kim Sung-jin, who is in charge of the Virtual Asset Department of the Financial Services Commission (FSC) in South Korea, expressed that he is in favor of enabling foreign investors to enter the South Korean cryptocurrency market. Nevertheless, the prerequisite is that local exchanges must show strong compliance capabilities in anti-money laundering. Currently, due to capital controls and the requirement for real-name accounts, non-residents are almost unable to trade cryptocurrencies in Korea. However, as the United States indicates a more crypto-friendly policy under the Trump administration, South Korean regulators are starting to reevaluate the existing restrictions. The FSC is still cautious at present and believes that Korean exchanges still lack international compliance, especially in terms of the implementation of the Travel Rule. This rule, which began in 2022, requires exchanges to collect and store information of both parties in transact

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Trump Tax Hike Causes Bloodbath in US Stock Market, Dow Plunges Over 1000 Points

On April 4th. The three major U.S. stock indexes opened at a lower level and closed lower. The Dow Jones Industrial Average initially declined by approximately 1700 points. The S&P 500 Index dropped by 4.8%, and the Nasdaq fell by nearly 6%. Technology stocks experienced a sharp decline. Apple (AAPL.O) fell by 9%, losing about $300 billion in market value. Meanwhile, Amazon (AMZN.O) and Nvidia (NVDA.O) fell by 8.9% and 7.8% respectively. In contrast, Intel (INTC.O) went against the trend and rose by 2%. The Nasdaq Golden Dragon China Index decreased by 1.9%.

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The probability of a recession in the US economy within the year has risen to 47% on Polymarket.

On April 4th, based on official website data, the likelihood of "the U.S. economy entering a recession by 2025" on Polymarket has increased to 47%.

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