📉 BTC Plunges to $78K as Liquidations Surpass $1.5B

gm Defiers!

The cryptocurrency market took a significant hit today, with over $1.5 billion in liquidations recorded as prices of major tokens plunged. Despite this broader downturn, the tokenized commodities sector has surged past $1.3 billion in market capitalization.

Similarly, Curve Finance posted impressive figures for Q1 2025, with a record $34.6 billion in trading volume. Meanwhile, the Solana-to-Bitcoin price ratio (SOL/BTC) continues to struggle, recently dipping to 0.0014.

✍️ In today’s newsletter:

Liquidations surpass $1.5 billion as US tariffs rattle investors
Tokenized commodities top $1.3B as RWA frenzy heats up
IBC Eureka upgrade sends Cosmos up 11%
EigenLayer sets April 17 for mainnet slashing launch
SOL/BTC ratio dips as $200M in tokens hit the market
Genius vs. Stable: the US stablecoin bills in Congress explained
Curve Finance hits record $34.6B in Q1 trading volume

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📉Crypto Markets Plunge Amid Global Trade Tensions, $1.5B Liquidated

The cryptocurrency market took a sharp downturn on Monday, with over $1.5 billion in liquidations, fueled by concerns over President Donald Trump’s reciprocal trade tariffs. Bitcoin dropped nearly 5%, trading at $78,370.

🚀Tokenized Commodities Market Soars Past $1.3B as Investors Flock to RWAs

The tokenized commodities market has recorded strong growth, reaching a market capitalization of $1.34 billion as of April 4, a 12% increase over the past month. Transfer volume also rose 20%, hitting $712 million. Paxos Gold leads the sector with a $703 million market capitalization.

💫Cosmos Rallies 11% Fueled by IBC Eureka Upgrade

The Cosmos HUB token, ATOM, led the altcoin market on Friday ahead of the anticipated IBC Eureka upgrade. ATOM surged 11% on Friday and nearly 20% over the past 30 days. The token reached as high as $5.05.

🔪EigenLayer to Enable Mainnet Slashing on April 17

Ethereum restaking protocol, EigenLayer, is set to hold node operators accountable for their actions via the introduction of slashing on its mainnet. This is set to start on April 17.

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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.

😔SOL/BTC Ratio Suffers in the Wake of $200 Million in Token Unlocks

The Solana-to-Bitcoin price ratio (SOL/BTC) continues to struggle in 2025, weighed down by token unlocks and the collapse of the memecoin market.

SOL/BTC fell to 0.0014 on Friday, its lowest level since December 2023. This follows the ratio surging to 0.003 in March, its highest point since 2022.

❓GENIUS vs. STABLE: How the US Stablecoin Bills Before Congress Stack Up

Stablecoin regulation is on the horizon in the United States, with two bills — one from the Senate (GENIUS Act) and one from the House (STABLE Act) — already progressing through their respective committees. Both bills aim to regulate stablecoin issuance, but differ in several key areas.

💰Curve Finance Processed Record $34.6 Billion Trading Volume in Q1

Despite the broader downturn in the DeFi sector this year, Curve Finance has defied the trend. In Q1 2025, the platform recorded a new all-time high of $34.6 billion in trading volume, marking a 13.3% year-over-year increase.