Crypto News Today: Trump Tariff Update, Ripple News, PI Network News, KiloEx Hack

Fartcoin has emerged as one of the best-performing cryptocurrencies this month, skyrocketing over 170% in the past 30 days. After bottoming out at $0.19 in March, the coin has surged more than 300%, nearing a $1 billion market cap. It’s currently trading at $0.9221 with a 24-hour gain of 6.12% and $921.91 million in trading volume. If it breaks above the key $0.957 resistance, Fartcoin could rally further toward the much-anticipated $1 milestone.

Binance is currently experiencing a service outage due to ongoing AWS network issues. As a result, withdrawals have been temporarily suspended. While Binance assures users that their funds are safe, the timeline for a full recovery remains uncertain. This disruption adds to growing concerns in the market. Users are advised to stay patient, avoid panic, and refrain from making rushed financial decisions until services are fully restored and official updates are provided.

OxMoon, in a post, cites that TRX holders can now maximize yields through dual staking. By staking TRX on JustLend to earn sTRX (APY ~9.56%), users gain a growing asset tied to TRON’s ecosystem. This sTRX can then be used as collateral to mint USDD at just 1% stability fee. The minted USDD, when staked back on JustLend, earns an additional 8.09% APY. Combined, this strategy offers a potential 17.56% annualized return, leveraging both TRX staking and USDD minting rewards.

Crypto Dan, in his post, highlights that, unlike previous euphoric bull runs, the current Bitcoin cycle feels subdued. The chart reveals a notable drop in short-term holder activity (1w–1m), signaling weak retail participation. With high interest rates and ETF-driven institutional flows dominating, price action has become steadier and more methodical. While it may lack excitement, this could mark a shift toward a more mature market structure. Patience is key, as gradual macro improvements and continued ETF inflows could still drive meaningful gains in 2025.

Among the top 100 cryptocurrencies, FARTCOIN led the gainers with an 8.69% surge to $0.9049, followed by Story IP rising 5.94% to $4.14 and Kaspa gaining 5.07% at $0.07726. On the flip side, Mantra took the biggest hit, dropping 14.66% to $0.6152. Flare declined 9.26% to $0.01616, while XDC Network slipped 6.60% to $0.07375. Volatility remains high as traders rotate across narratives and market caps.

Bitcoin is trading at $85,806.10, up 1.59%, with a market cap of $1.7 trillion. A sharp 45% rise in 24-hour trading volume to $29.51 billion signals growing momentum. BTC is currently testing the upper resistance of an ascending wedge. A bullish breakout toward $89,000 could invalidate the bearish pattern. However, failure to break out may trigger a drop toward the $76,000 zone.

Gold prices hit a new high of $3248.40 on Tuesday, driven by uncertainty over former US President Trump’s tariff policies and looming recession concerns. Expectations of a Fed rate cut in June and heavy inflows into Chinese gold ETFs are also boosting sentiment. A weakening US dollar further supports the rally. Goldman Sachs and UBS raised their 2025 gold price targets, citing strong central bank demand and escalating global economic risks.

Bitwise’s Q1 2025 report reveals 79 public companies now hold 688K Bitcoin, valued at $57B, a 16.11% increase QoQ. MicroStrategy leads with 528,185 BTC, followed by MARA Holdings at 47,531 BTC. The report highlights a 17.91% rise in companies adopting Bitcoin, with 12 new entrants this quarter. Despite a 2.15% QoQ value increase, Bitcoin’s price stands at $82,445. Bitwise notes MicroStrategy’s rebrands and Metaplanet’s 10K BTC acquisition plan by year-end.

Auto stocks surged as Trump hinted at temporary tariff exemptions, boosting investor sentiment. Meanwhile, the administration pushed forward investigations into semiconductor and pharmaceutical imports, citing national security concerns. Legal backlash followed, with lawsuits challenging Trump’s authority to impose such sweeping tariffs. While electronics like smartphones saw temporary tariff relief, Trump clarified these are still under review. With new duties pending and rising global tensions, markets remain volatile ahead of further announcements on semiconductor tariffs this week.

XRP remains in the spotlight as Ripple and the SEC request a pause in appeal proceedings, sparking settlement rumors ahead of the April 16 deadline. Ripple’s CEO claims an agreement is in place, but official SEC confirmation is pending. Legal experts hint the appeal may be withdrawn once Paul Atkins secures a voting majority. Meanwhile, the XRP price gained slightly, influenced by ETF buzz and reduced tariffs. All eyes are on April 16, a day that could redefine XRP’s regulatory future.

Ocean, a decentralized Bitcoin mining pool launched in 2023 by veteran Bitcoin Core developer Luke Dashjr and backed by former Twitter CEO Jack Dorsey, has partnered with Tether. The largest stablecoin issuer is expanding its mining infrastructure, investing $500 million across sites in Uruguay, Paraguay, and El Salvador. Tether’s CEO emphasizes supporting decentralization through Ocean’s advanced software, which enables miners to create custom block templates even with limited bandwidth, bolstering Bitcoin’s long-term integrity against centralizing forces. A strategic move overall.

El Salvador’s Bitcoin initiative has faced challenges, with only 20 active Bitcoin Service Providers (BSPs) currently operating in the country. Despite initial interest, 161 out of 181 applicants remain inactive. Chivo, the government-backed wallet, is set to be disbanded following an agreement with the IMF. Crypto remittances have not gained significant traction, with less than 1% of funds using Bitcoin rails. President Bukele acknowledged the limited local adoption but highlighted its branding and investment benefits.

XRP price could surge past $10 as the SEC vs. Ripple lawsuit nears a potential settlement. Key catalysts include possible US government endorsement, a pro-crypto SEC chair, expected XRP ETF filings by BlackRock, and potential SWIFT integration. Currently trading at $2.15, XRP may see massive inflows if ETFs are approved in May 2025. With strong fundamentals and institutional interest, analysts suggest XRP could realistically target $10, and possibly even $20, in the coming months.

Pi Network is turning heads as its token, Pi Coin, enters futures trading on Bitunix, marking a major step toward mainstream recognition. After a 35% weekly surge driven by its integration with Chainlink, Pi is currently trading around $0.75. The futures launch, despite being synthetic, signals rising market interest. With over 60 million users and dApp momentum building, Pi’s Open Mainnet anticipation grows. Analysts predict a potential 228% surge by May 2025—though caution remains due to its unlaunched Mainnet.

KiloEx, a newly launched DeFi trading platform backed by YZi Labs, has suffered a $7 million exploit across the BNB, Base, and Taiko chains. The attacker, using Tornado Cash, exploited a price oracle vulnerability to siphon funds. Operations are currently suspended, and a bug bounty program is underway. The KILO token plunged 30%, shedding $3.5 million in market cap. This incident underscores ongoing security risks in multi-chain DeFi and raises fresh concerns about the safety of cross-chain platforms.

The global crypto market cap edged up 0.63% to $2.7 trillion, while the 24-hour trading volume dipped 4.68% to $78.57 billion. Market sentiment remains cautious, with the Fear & Greed Index at 31 (Fear). Bitcoin and Ethereum saw modest gains, rising 1.04% and 0.98%, respectively. XRP also ticked up, while Solana slipped 0.81%. Among top gainers, FARTCOIN surged 8.69%, followed by Story IP (+5.94%) and KAS (+5.07%), reflecting selective bullish activity in a cautious market.