Galaxy Digital has announced that its registration statement filed with the U.S. SEC has become effective, preparing for a listing on the Nasdaq.

On April 8th, as per Reuters, a Nigerian court has pushed back the trial date of the Binance tax case to April 30th. Binance's lawyer, Chukwuazom, petitioned the court to set aside the previous e-service order, arguing that the tax authority sent legal documents to Binance, which is registered in the Cayman Islands, without the court's permission. BlockBeats had previously reported that on February 20th, Nigerian authorities initiated a lawsuit against Binance, claiming $79.5 billion in economic losses and $2 billion in unpaid taxes. The Federal Inland Revenue Service (FIRS) of Nigeria accused Binance of operating unlawfully in the country. This lawsuit followed FIRS's tax evasion charges against Binance in March 2024, involving four tax violations, such as the failure to pay corporate income tax and the failure to file tax returns. Previously, two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, were arrested in Nigeria and named as defendants in the case.

On April 8th, the US Dollar Index dropped to 103.49. Gold retreated to $2,982 for a brief respite, and Bitcoin rebounded to nearly $79,000. The market received news that US President Trump was considering a 90-day tariff suspension on multiple countries. Initially, this led to a rise in the market. However, the White House later refuted this unfounded report. Bitcoin and US stocks immediately reversed course and plunged sharply, triggering intense volatility once again. Subsequently, former US President Trump took a tough stance again and pressured countering countries, warning that the US would raise existing tariff rates to 50% on the 9th of this month. This series of news once again ignited market panic. The cryptocurrency market then experienced intense volatility. Bitcoin soared to $81,213 at one point and then quickly fell back. As of 9:30 am on April 8th, Bitcoin was trading at around $79,670, while Ethereum was consolidating around $1,574, with short-term trends still being o

On April 8th, as reported by CoinDesk, Monday's trading session this week emerged as one of the most volatile trading days since the March 2020 pandemic-induced market crash. However, the real spotlight was on the US 10-year Treasury yield. This particular indicator, known as the "risk-free rate," is a crucial data point that the Trump administration aims to keep suppressed in order to refinance the trillions of dollars in government debt. Ordinarily, when economic growth expectations strengthen or inflationary pressures rise, investors may reduce their demand for safe-haven assets like government bonds and instead favor risk assets, resulting in an increase in the 10-year Treasury yield. Nevertheless, during Monday's market sell-off, the US 10-year Treasury yield, which was expected to decline, instead soared to 4.22%. Saxo Bank's Head of Commodity Strategy, Ole S. Hansen, pointed out that "violent fluctuations in long-term US bonds may suggest underlying market pressures. The 30-yea

On April 8th, according to Coinglass data, the leveraged long positions on Bitfinex have increased to 70,671.85 BTC, which is equivalent to $5.58 billion and has reached a new high since February 2024. The leveraged long positions on Bitfinex refer to the total amount of leveraged USD and USD-pegged stablecoins borrowed on the exchange. In Bitfinex's spot leverage, BTC is dominant. The higher this indicator is, the larger the position size of whale leveraged borrowing for buying the dip.

On April 8th, from J.P. Morgan to Morgan Stanley: Reduces the 2025 U.S. GDP growth expectation to 0.8% (quarter-on-quarter, Q4/Q4), which was previously expected to be 1.5%. (FXStreet)

On April 8th, according to official channels, MEXC has initiated the KernelDAO (KERNEL) Airdrop+ event with a total prize pool of 135,000 USDT. Event Duration: From April 8, 2025, at 15:00 to April 18, 2025, at 18:00 (UTC+8). It is reported that MEXC will list KernelDAO (KERNEL) on the Innovation Zone on April 14, 2025, at 20:00 (UTC+8) and open the KERNEL/USDT trading market on the same day. At 20:20 (UTC+8) on the same day, the KERNEL/USDC trading market will be opened. At 21:00 (UTC+8), the KERNEL swap function will be launched, enabling users to seamlessly and instantaneously exchange KERNEL with other assets.