📈 BTC Reclaims $83K Ahead of Trump's Tariff Rollout

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The cryptocurrency market experienced slight losses on Monday, two days ahead of Trump’s tariff “Liberation Day.” However, BTC and ETH recorded slight increases.

Ethereum’s Pectra upgrade is poised to enhance performance and improve the user experience, meanwhile, Pi Network defended itself against accusations of being a “scam” and a multi-level marketing scheme.

In DeFi news, Aave has integrated Chainlink’s Smart Value Recapture to reclaim oracle-related MEV.

✍️ In today’s newsletter:

Crypto market posts mild losses as Trump’s tariffs approach
Ethena Labs’ USDtb enters Top 10 stablecoins
Bitwise CIO projects multi-trillion dollar stablecoin AUM
How the Pectra upgrade will affect Ethereum’s UX
Pi Network responds to ‘scam’ allegations
Aave partners with Chainlink
Hyperliquid to compensate JELLYJELLY traders

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📈 Markets in the last 24 hrs:

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📈Crypto Market Records Mild Losses Ahead of Trump’s Tariff Rollout

The crypto market recorded slight losses on Monday ahead of President Trump’s upcoming tariff implementation. The total market cap fell 1.3% to $2.79 trillion, though Bitcoin rose nearly 1% to $83,673 and Ethereum gained 1.4% to $1,844.

🆙Ethena Labs’ USDtb Stablecoin Surges 1,500%, Enters Top 10 Stablecoins

Ethena Labs’ synthetic stablecoin USDtb surged 1,500% in market cap in March, reaching $1.4 billion. This growth pushed the stablecoin into the eighth spot among the top 10 stablecoins by market cap.

💰Bitwise CIO Projects Multi-Trillion Dollar Stablecoin AUM

Bitwise CIO Matt Hougan predicts a massive surge in stablecoin market cap. The sector has already risen 33% to a record $232 billion since the 2024 US election results.

“However big you think stablecoin AUM will get, you're probably thinking too small. So, the question becomes: What does the rest of the crypto market look like if stablecoin AUM is multiple trillions?” Hougan said on X.

❓How Will the Pectra Upgrade Affect Ethereum’s User Experience?

Ethereum’s Pectra update is set to enhance the user experience in a number of ways – including passkey support, chain abstraction, and sponsored transactions. Set for Apr. 30, the upgrade also addresses wallet friction.

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Stablecoins are exploding, projected to hit $230 billion in 2025, bridging traditional finance and blockchain. Leaders like Tether and Circle, alongside innovations like Ethena’s yield-generating USDe, are driving adoption. They’re slashing cross-border payment times and costs, and powering DeFi’s growth. But are they a valuable inroad for institutions or a Trojan horse? As on-chain finance continues to grow and innovate, banks and other established financial institutions face a choice: adapt or risk obsolescence. Will stablecoins empower traditional finance to capitalize on the new value being generated by Web3, or serve as the seed for decentralization? Platforms like Stellar that enable compliant issuance may offer a middle path.