Daily Digital Currency Developments Roundup (April 10, 2025)

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1. US House Hearing Advances Crypto Market Regulation Bill

The US House of Representatives held a hearing to discuss cryptocurrency market structure legislation, marking significant progress for the bill. Lawmakers debated a regulatory framework for digital assets, aiming to establish clear rules for crypto exchanges and token offerings. This hearing paves the way for final legislation, potentially reshaping the US crypto regulatory landscape. Proponents argue it will bring market certainty and investor protection.

2. Analysis: Bitcoin Risk Significantly Reduced, 80% of Cyclical Price Correction Completed

Analysts note Bitcoin has substantially lowered risk, with nearly 80% of its cyclical price adjustment completed. As markets stabilize, Bitcoin may soon exit its current downtrend, offering investors a more stable outlook.

3. Data: Listed Crypto Miners Produced 3,648 BTC in March 2025

Farside Investors reported a record post-halving month for major public mining firms, collectively mining 3,648 BTC in March 2025.

4. Analysts: Bitcoin's Decoupling from Macroeconomics Still "Premature"

Following new US tariffs, Bitcoin and major cryptocurrencies declined Wednesday. HashKey Research Director Kevin Guo stated: "Investors cautiously optimistic about a potential bottom were caught off guard, forcing portfolio reassessments." Analysts emphasize Bitcoin remains deeply tied to the US economy. OKX CBCO Lennix Lai added: "Claims of Bitcoin decoupling are premature. While correlations with equities may weaken, it remains linked to global liquidity—gold still hedges geopolitical instability." LVRG Research’s Nick Ruck noted Bitcoin’s long-term potential as "digital gold," though mining trade effects (e.g., chip tariffs) currently dominate fundamentals. Presto Research’s Rick Maeda suggested tariff-induced chaos might ultimately benefit Bitcoin’s structural uptrend.

5. Swedish MP Proposes Adding Bitcoin to National Forex Reserves

MP Rickard Nordin urged Sweden’s finance minister to diversify reserves with Bitcoin, citing adoption by nations like El Salvador and central banks’ growing discussions. Nordin’s parliamentary query highlighted Bitcoin’s role in "broader financial preparedness."

6. HTX Releases April 2025 Merkle Tree Proof: Multi-Coin Over-Reserves, Growing Asset Deposits

Huobi HTX’s updated Merkle tree proof shows reserve ratios above 100% for BTC (101%), ETH (100%), and other major assets. USDT holdings surged 73% to 1.15 billion, reflecting strong user trust. The platform has published reserve data for 30 consecutive months.

7. 21Shares Files for US Spot Dogecoin ETF

Following Bitwise and Grayscale, 21Shares submitted an S-1 to the SEC for a Dogecoin ETF, with marketing support from House of Doge. The fund aims to track DOGE’s price.

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8. CFTC Halts "Regulation-by-Prosecution" for Crypto

Acting CFTC Chair Caroline Pham endorsed the DOJ’s policy shift, directing staff to avoid cases lacking defendant intent under the Commodity Exchange Act. She prioritized resolving compliance backlogs without customer harm.

9. Ledn Co-Founder: Global BTC Loan Rates Set to Drop

Ledn anticipates significantly lower Bitcoin-backed loan rates worldwide, boosting crypto lending competitiveness and DeFi-traditional finance integration. Rate specifics remain undisclosed.

10. Binance’s Second "Vote-to-List" Ends; UXLINK Tops Poll

UXLINK led Binance’s voting round with 26.3% support, followed by ATH (17.1%) and BIGTIME (15.2%). Binance noted listings depend on internal reviews.

11. CFTC Acting Chair Applauds DOJ’s End to Crypto Enforcement Policy

Caroline Pham praised the DOJ’s move, aligning with executive orders to focus enforcement on fraud/market manipulation, enhancing regulatory clarity.

12. Moody’s: Tokenized Funds Grow Amid Red Flags

Moody’s warned of risks in tokenized funds: inexperienced managers, tech vulnerabilities (e.g., smart contract bugs), and uneven redemption mechanisms. It advised diversification and robust audits.

13. Arthur Hayes: Canceled Treasury Auctions Could Spur "Stealth Money Printing"

BitMEX’s Hayes critiqued potential Treasury auction cancellations as covert money printing, draining the TGA to avoid market turmoil pre-Fed action. 30-year yields recently spiked to 5%.

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14. Kaspersky: ClipBanker Malware Targets Crypto Wallets on SourceForge

A new malware variant replaces clipboard crypto addresses with attackers’. Disguised as Office plugins, it primarily affects Russian users but may expand via English landing pages.

15. CoinGecko: Crypto AI Apps Still Nascent, Need Real-World Proof

ESMA’s Natasha Cazenave noted crypto’s 3.3T€ market could trigger systemic risks if prices crash, especially with growing institutional ties via ETFs/stablecoins. MiCA regulations require global reinforcement.


FAQ Section

Q: How will US crypto regulation impact Bitcoin’s price?
A: Clearer rules may reduce volatility and attract institutional investors, but tariffs/macro factors remain influential.

Q: Are tokenized funds safe?
A: They offer efficiency but carry tech and governance risks—audit teams and redemption options critically.

Q: Why did Dogecoin ETF filings surge?
A: Memecoin ETFs capitalize on retail interest; approvals depend on SEC’s stance toward speculative assets.

Q: Can Bitcoin truly decouple from traditional markets?
A: Not yet—liquidity links persist, though its "digital gold" narrative may strengthen over time.

Q: How to avoid clipboard malware?
A: Verify wallet addresses manually and download software only from official sources.

Q: What’s driving BTC mining post-halving?
A: Efficiency upgrades and high transaction fees offset reduced block rewards, sustaining profitability for top miners.