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“Next week, the Senate will make history when we debate and pass the Genius Act that establishes the first ever pro-growth regulatory framework for payment stablecoins,” Republican senator Bill Hagerty from Tennessee, who sponsored the «Guiding and Establishing National Innovation for U https://rich-palms-login.com/.S. Stablecoins (Genius) Act, said in a statement.
The most common way of predicting crypto price movements is using technical indicators. These are tools that will help you analyze crypto price charts and determine whether a cryptocurrency is currently overvalued or undervalued.
With bitcoin’s market capitalization “back above $2 trillion and gold trading north of $3,200/oz, the two now stand side-by-side—as hedges against geopolitical turmoil and, increasingly, as high-conviction stores of value for the future,” Gadi Chait, head of investment at bitcoin and crypto custody company Xapo Bank, said in emailed comments.
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Nevertheless, Ethereum saw the highlight of last week’s crypto inflows. According to the CoinShares report, crypto inflows into Ethereum reached $205 million. This was a notable climb from the previous report’s $1.5 million.
“Bitcoin attracted $557 million in inflows, a decrease from the prior week, likely due to continued hawkish signals from the US Federal Reserve. Short-bitcoin products saw a fourth consecutive week of inflows, totaling $5.8 million, reflecting investor positioning amid recent price gains,” read an excerpt in the report.
“The Ethereum Foundation is thrilled to welcome Hsiao-Wei Wang and Tomasz Stanczak as co-Executive Directors. This new leadership structure marks an exciting new chapter in the Foundation’s evolution as we continue to support a growing Ethereum ecosystem,” the EF said in March.
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These positive crypto inflows come as markets continue to shrug off Trump tariffs. Accordingly, the US topped the positive flows. It beat Germany and Hong Kong with $681 million inflows against $86.3 million and $24.2 million, respectively.
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Tariffs and trade conflicts have no direct impact on Bitcoin and may increase adoption over the medium term. First, stagflation tends to be harmful for traditional assets like stocks and positive for scarce commodities like gold (Exhibit 3). Bitcoin was not around for past stagflations but can also be considered a scarce digital commodity and is increasingly viewed as a modern store of value. Second, trade tensions may put pressure on reserve demand for the U.S. Dollar, opening space for competing assets, including other fiat currencies, gold, and Bitcoin (for more detail, see Market Byte: Tariffs, Stagflation, and Bitcoin). For these reasons, events over the last month have increased our confidence that portfolio demand for Bitcoin will continue to grow over the coming year.
Looking at a longer timeframe, BTC underwent nearly 14 weeks of consolidation at high levels before breaking down with increased volume. If there is no fundamental change in the environment, such as the Fed accelerating rate cuts, then the bottoming time should not be less than the high-level consolidation time, and may even be longer.
There are many differences between that period and today, and it will likely take a few months before we know where tariff rates will stabilize — Treasury Secretary Bessent said that the third quarter was a “reasonable estimate” for when markets will have clarity on tariffs. But regardless of how the negotiations play out, like the Nixon Shock in 1971, we expect that President Trump’s push to reshape global trade will have significant implications for the economy and financial markets over the coming years. Investors will need to consider the implications for their portfolios and may need to seek out alternative sources of return and diversification.
New York AG urges Congress to pass federal legislation to regulate cryptocurrencies. On April 10, New York Attorney General Letitia James announced she sent a letter to congressional leaders urging them to pass federal legislation to strengthen regulations on cryptocurrencies and digital assets. In the letter, Attorney General James warned that «the lack of strong federal regulations on cryptocurrencies increases the risk of fraud, criminal activity, and financial instability.» She further argued that «federal regulations would bolster America’s national security, strengthen its financial markets, and protect investors from cryptocurrency scams, which now account for 10 percent of all financial fraud and 50 percent of all losses from financial fraud.» The letter came in response to the US DOJ memorandum disbanding the DOJ’s National Cryptocurrency Enforcement Team and shifting DOJ enforcement priorities regarding digital assets.
On April 10, 2025, the staff of the Division of Corporation Finance of the SEC issued a statement (Staff Statement) expressing its observations regarding certain disclosure requirements under the federal securities laws regarding the offering and registration of securities in the crypto asset markets.
Chiliz’s strategic move to re-enter the US market highlights the importance of regulatory clarity for cryptocurrency entities. The significant financial commitment and partnerships with major US sports franchises could set a precedent for other entities in the crypto space, driving further institutional adoption and integration of blockchain technology in mainstream applications.