Crypto News Today 4th April : Trump Tarrif, Ripple XRP News, Fed Rate Decision, Ethereum News

Shanghai-based Cango Inc. (NYSE: CANG) has agreed to sell its PRC business to Ursalpha Digital Limited for approximately $351.94 million. The deal, pending shareholder approval and regulatory clearance, aligns with Cango’s shift toward Bitcoin mining and global automotive transactions. While the sale may impact existing agreements, it ensures business stability. Cango remains committed to expanding its technology-driven services worldwide.

The Federal Reserve’s upcoming rate cut decision is drawing intense focus as crypto volatility and recession fears mount. Investors are closely monitoring economic data and job market trends, anticipating that signs of weakness could prompt further cuts to support the slowing economy. Market sentiment has shifted, with traders expecting multiple rate cuts in 2025 to bolster confidence amid uncertainty. As traditional and crypto markets remain intertwined, all eyes are on the Fed for a decisive move to stabilize the economy.

Ethereum developers have confirmed May 7, 2025, for the Pectra upgrade after a successful test on Hoodi. This update merges Electra and Prague, introducing smart wallets and increasing the staking limit to 2,048 ETH. Despite these advancements, ETH trades at $1,804, down 45% in Q1 2025, with declining transaction fees and burn rates. However, Ethereum still leads in DEX volume, and developers expect Pectra to enhance network efficiency and restore investor confidence.

Solana (SOL) has fallen 14% this week as whales offloaded $46M worth of tokens, intensifying selling pressure. Amid broader market uncertainty from Trump’s tariff policies, SOL struggles near $115.91. Analysts remain divided—while some see bearish momentum, others predict a breakout. Crypto traders closely monitor SOL’s price action, assessing whether it will rebound or extend its downtrend alongside Bitcoin and other risk assets.

The U.S. SEC has acknowledged Fidelity’s filing for a spot Solana ETF, advancing the approval process. Following this step, the application awaits Federal Register publication and a 21-day comment period. Despite the progress, Solana’s price remains weak, dropping 2% amid broader market downturns. Investors now await the SEC’s decision, expected within 45 to 90 days, as institutional interest in Solana ETFs grows.

Data reveals Binance users often make a second deposit quickly, with nearly 10% returning on Day 1 and over 50% by Day 16. This trend highlights active trading behavior rather than long-term holding. After Day 19, return rates drop below 1% daily. The findings suggest Binance maintains strong engagement, reinforcing its role as a key platform for frequent crypto transactions.

Bitcoin (BTC) surged past $83,100 before retreating as Trump announced a 10% import tariff. Investors moved large crypto volumes to exchanges, signaling sell pressure. Ethereum (ETH) and XRP also saw heightened activity. Market focus now shifts to U.S. non-farm payroll data, which could influence Federal Reserve rate cut expectations and drive short-term market movements. Analysts foresee continued volatility with potential for a rebound.

The cryptocurrency market experienced a downturn on April 4, 2025, following President Trump’s announcement of sweeping 10% tariffs on global imports. Bitcoin slipped below $82,000, while Ethereum and XRP saw steeper declines amid increased market uncertainty. The move triggered risk aversion across financial markets, tightening liquidity, and driving investors toward safer assets. With global trade tensions rising, market volatility remains high as traders assess potential macroeconomic impacts and regulatory responses in the coming weeks.

Singapore-based AI firm Genius Group is temporarily barred from expanding its Bitcoin treasury after a U.S. court injunction halted share sales and fundraising. The order stems from a legal dispute with FatBrain AI, following their 2024 merger. Genius, which had committed over $10M to Bitcoin, warns it may need to downsize its BTC holdings. The injunction also disrupts operations, including employee share compensation.

Sentient co-founder Himanshu Tyagi believes decentralized AI is essential for achieving artificial general intelligence (AGI). He urges open, incentivized data collection and collaborative model training. Tyagi warns young developers of AGI challenges and promotes Sentient Chat—a community-driven AI platform aiming to disrupt traditional search engines with open-source tools and AI agents. The initiative reflects growing momentum toward decentralized, community-governed innovation in the AI space.

Pi Coin plunged 16% in 24 hours, falling below $0.60 and hitting a new all-time low of $0.53. The drop follows Binance’s exclusion of Pi Network from its latest “Vote to List” round, despite Pi’s large community. Critics argue meme coins were favored over utility-driven projects. Pi has declined over 80% since February, with reduced mining rates signaling waning user interest and market momentum.

Following Babylon’s token airdrop, 256 BTC were unstaked within 24 hours, consuming 1.318 MvB of blockspace and incurring 1.35 BTC in fees. Mempool.space founder Mononaut suggests the high fees stem from large unstaking scripts and pre-signed transactions using fixed fee rates set months ago, highlighting technical complexity and planning behind Babylon’s redemption process.

A surprising filing has emerged in the SEC vs. Ripple lawsuit. Justin W. Keener submitted an emergency request, claiming to have “decisive evidence” favoring Ripple and American liberty. However, the filing lacks details on what this evidence is or how it supports Ripple. Keener, recently fined over $10 million by the SEC for unregistered penny stock dealings, hints at physical investment contracts. His sudden involvement raises questions about his motives and the potential impact on the case. Continue To Read

Coinbase Derivatives has officially filed with the Commodity Futures Trading Commission (CFTC) to self-certify XRP futures contracts. If approved, the new contracts are expected to go live on April 21, 2025. This move marks a significant step in expanding XRP’s derivatives market, providing traders with more options for exposure. As demand for crypto futures grows, Coinbase aims to position itself as a key player in regulated crypto derivatives trading. Continue To Read