0x-developed decentralized exchange aggregator Matcha has expanded to Solana

On April 8th, based on Coinglass data, the current funding rates of mainstream CEX and DEX suggest a fully bearish market. The specific funding rates for mainstream coins are presented in the attached image. BlockBeats Note: The Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and serves as a mechanism for the exchange of funds between long and short traders. The trading platform does not collect this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the Funding Rate is 0.01%, it represents the baseline rate. When the Funding Rate is greater than 0.01%, it indicates a generally bullish market. When the Funding Rate is less than 0.005%, it indicates a generally bearish market.

On April 8th, according to Alternative Data, the cryptocurrency fear and greed index today is 24 (yesterday it was 23), and the market sentiment still remains in a state of "extreme fear". Note: The fear index ranges from 0 to 100 and encompasses the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).

On April 8th, as reported by Bloomberg, the alternative asset management firm Teucrium Investment Advisors LLC has officially initiated a leveraged ETF linked to the cryptocurrency XRP. This makes it the first product in the US market to provide such exposure. XRP is the fourth-largest cryptocurrency in terms of market capitalization globally, with a market cap of approximately $111 billion. It is also the core asset in the recent investigation of Ripple Labs Inc. by US regulatory agencies. According to the Teucrium website, this product named "Teucrium 2x Long Daily XRP ETF" will achieve a leverage return that is twice that of XRP's daily income through futures contracts. It will be officially listed on the trading platform on Tuesday and will be denoted by the ticker symbol XXRP, with an annual expense ratio of 1.85%. The launch of this product marks another bold move by traditional financial institutions in entering the field of crypto assets, reflecting the growing market attenti

On April 8th, according to official channels, Galaxy Digital Holdings Ltd. made an announcement. The U.S. Securities and Exchange Commission (SEC) has declared effective its registration statement (Form S-4). This registration statement is related to the company's previously announced reorganization and domestication from the Cayman Islands to Delaware. It also pertains to the proposed listing on Nasdaq of the Class A common stock of Galaxy Digital Inc. (the company's new Delaware holding company). Galaxy Digital will convene a special shareholder meeting on May 9, 2025, at 10:00 AM Eastern Time to approve the reorganization. This is called the "Special Meeting." Galaxy anticipates listing on Nasdaq shortly after the Special Meeting, provided that the reorganization is completed. The ticker symbol for the listing will be GLXY.

On April 8th, U.S. Treasury Secretary Scott Bessent indicated that it is unlikely that a trade agreement will be reached before April 9th. (Golden Ten)

April 8th: During the two trading days subsequent to Trump's announcement of the tariff plan, the wealth of the world's top 500 billionaires has witnessed a decline of more than $500 billion. The Bloomberg Billionaires Index indicates that Musk remains the world's richest individual. His wealth has decreased by $134.7 billion year-to-date. On Monday in Eastern Time, Musk's wealth dropped to $297.8 billion, signifying the first instance where his net worth has fallen below $300 billion since November 2024. (Krypton)