Bitcoin Drops Below $84,000, 24-hour Gain Narrows to 1.2%

On April 3rd, Justin Sun stated during his live stream that he is going to "provide a $50 million reward to law enforcement agencies and tipsters in order to recover $456 million in funds."

On April 3rd, traders enhanced their wagers on the European Central Bank to lower interest rates. They hold the view that there is a 90% likelihood of an ECB rate cut in April. (FXStreet)

On April 3rd, as per an official announcement, Binance is going to add watch labels for a greater number of tokens on April 3rd, 2025 and eliminate the corresponding seed labels of those tokens. The tokens to be added to the watchlist are as follows: Ardor (ARDR), Biswap (BSW), Flamingo (FLM), LTO Network (LTO), NKN (NKN), PlayDapp (PDA), Perpetual Protocol (PERP), Viberate (VIB), Voxies (VOXEL), Wing Finance (WING). The tokens to be removed from the seed list are as follows: Jupiter (JUP), Starknet (STRK), Toncoin (TON).

On April 3rd, Stake Stone declared the STO tokenomics. The total supply of tokens is 1 billion and is distributed as follows: 17.87% to the community, 4% to the ecosystem, 15% to the team, 18.65% to the foundation, 7.85% for airdrop and future incentives, 9.13% for marketing, 6% for liquidity, and 21.5% for investors.

On April 3rd, First Digital Trust stated on social media, "In response to Justin Sun's recent unfounded accusations against First Digital Trust: · The dispute only pertains to TUSD and has nothing to do with FDUSD. First Digital is financially stable and has more than adequate liquidity to cover all liabilities. · Each FDUSD is fully supported by U.S. Treasury bonds, guaranteeing the safety of funds. The accounts are auditable, and all reserve ISIN numbers are clearly presented in our reserve report. (In the past 24 hours, 87 million FDUSD redemptions have been smoothly processed through bank redemptions, stabilizing the market price). · This is a typical smear operation by Justin Sun aimed at undermining his business competitors. As we informed a CoinDesk reporter, we have not had the chance to defend ourselves. The fact that Justin Sun has not resolved the TUSD issue through legal means in three years indicates that the legal path is ineffective. Instead of following legal procedures

On April 3rd, Justin Sun declared in his live stream that "TrueCoin is suspected of collaborating with FDT and other institutions to transfer $456 million worth of TUSD fiat reserve through forged documents and unauthorized transfers to a private company in Dubai that is wholly owned by the wife of a former Cayman Islands fund investment manager mentioned earlier. FDT and Legacy Trust CEO and Director Vincent Chok directly gave approval to these illegal transactions, blatantly violating their fiduciary duty."