📉Crypto Falls 2% Amid Tariff Talk and Fed Uncertainty
gm Defiers!
Bitcoin continues to hold steady near $85,000 as crypto markets recorded choppy conditions for a third day in a row.
Despite broader market conditions, on-chain asset manager Maple Finance surpassed $1 billion in TVL.
Meanwhile, the memecoin and NFT sectors continue to blur, as Coinbase Institutional warns of a potential ‘winter’ ahead for crypto markets.
✍️ In today’s newsletter:
- BTC hovers around $85K as crypto market drops 2%
- Maple Finance TVL Surpasses $1B
- TRUMP memecoin developer drains liquidity before token unlock
- NFT marketplaces shift focus to memecoins
- ‘Crypto Winter’ looms, Says Coinbase Institutional
- Eliza Labs unveils new AI agent platform
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📉Crypto Markets Stumble for Third Day Amid Trump Tariff Jitters, Fed Uncertainty
Crypto markets remained choppy for a third straight day Thursday amid tariff worries, Fed comments, and new jobs data. Bitcoin hovered around $85,000, while Solana led gains, up 5% to over $134.
📊Maple Finance TVL Surpasses $1 Billion
Maple Finance has topped $1 billion in assets under management, marking a 57% jump in the past month. The milestone highlights rising institutional interest in on-chain capital markets.
💥TRUMP Memecoin Developer Pulls Liquidity Ahead of Massive Unlock
The developer of the TRUMP memecoin has withdrawn $4.6 million in liquidity and sent it to Coinbase just ahead of the token’s first major unlock event. The move was flagged by LookOnChain.
SPONSORED POST
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.
READ MORE: Stablecoins: Institutional Game-Changer or Web3’s Trojan Horse?
🪙NFT Marketplaces Pivot to Memecoins
NFT platforms Opensea and Magic Eden are pivoting to memecoins as NFT trading volume continues to decline. Magic Eden recently acquired token trading app Slingshot, while Opensea is rolling out Solana token support
🥶Crypto Winter is Coming, Says Coinbase Institutional
Coinbase Institutional warns that crypto may be entering a new ‘winter,’ citing weak sentiment, falling valuations, and macro uncertainty in a report released Apr. 15.
The firm cited President Donald Trump’s tariff policies and a 41% drop in altcoin market cap since December as signs of a broader market downturn.
🚀Eliza Labs Launches ‘No-Code’ Platform for Creating AI Agents
Eliza Labs has launched auto.fun, a no-code platform for building and monetizing autonomous AI agents across Web3. The new tool, powered by the elizaOS, lets users deploy agents for tasks like social media management, DeFi trading, and yield farming.
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🌍 ELSEWHERE
- Crypto Stock Tracking ETF Coming Soon From VanEck (CoinDesk)
- Bitcoin miners in U.S. fear wipeout as 36% tariffs threaten to ‘destroy’ thriving industry (Fortune)
- ‘We’re coming for it’: TON Foundation President eyes second place after Bitcoin (TheStreet)
🔥TRENDING
- The SEC Has Dropped 10 Crypto Cases in Q1 Alone
- Onchain Gold Trading Volume Soars to All-Time High
- TRUMP Memecoin's $300M+ Unlock Is ‘One to Watch’: Analyst
- zkSync Suffers $5M Loss After Admin Wallet Exploit
- MIT-Incubated Optimum Raises $11M to Build Web3's Missing Memory Layer
- After a Long Focus on Layer 2s, Ethereum Foundation Turns Its Attention Back to Mainnet
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