🪙Traders Flock to Onchain Gold Amid Macro Uncertainty

gm Defiers!

Most digital assets dropped on Wednesday as trade tensions escalated between the U.S. and China. Bitcoin held steady around $85,000 while ETH and SOL dipped 2%.

PumpSwap’s weekly trading volume surged 40% to $2.3B, a sign that the memecoin sector may be staging a comeback.

Plus, AWS outage sparks centralization debate, onchain gold volumes spike, and TRUMP unlocks loom.

✍️ In today’s newsletter:

Onchain gold trading volumes surge to record highs
PumpSwap weekly volume hits record $2.3 billion
Crypto markets dip for a second day as trade war escalates
AWS outage disrupts crypto exchanges
SEC drops 10 major crypto cases in Q1
TRUMP memecoin holders brace for $300 million unlock
OpenEden’s OUSD stablecoin surpasses $100 million valuation
Mantra rebounds slightly from Sunday crash

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📈 Markets in the last 24 hrs:

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Brandon Goh is the Co-Founder and CEO of Treehouse, an infrastructure dedicated to establishing the fixed income layer in DeFi. In this interview, Brandon explains how Treehouse is establishing decentralized benchmark rates to bring transparency, efficiency, and standardization to onchain finance.

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💰Onchain Gold Trading Volume Soars to All-Time High

Paxos Gold (PAXG) and Tether Gold (XAUt) both hit all-time high trading volumes last week, with PAXG processing $802 million and XAUt generating $267 million between April 5 and 12.

📊PumpSwap Weekly Trading Volume Hits All-time High of $2.3 Billion

PumpSwap, the native DEX of memecoin launchpad PumpFun, hit a new all-time high for weekly trading volume last week after processing $2.3 billion worth of trades.

📉Crypto Market Extends Losses as Tariff Tensions Rattle Investors

The cryptocurrency market lost ground for a second consecutive day as investors grapple with new potential tariff measures. BTC was flat at around $85,000, while ETH is down 2% to $1,588. XRP slipped 2.2% to $2.09. SOL also dropped by around 1.9% to $127.

💥AWS Outage Disrupts Crypto Exchanges, Raising Questions About Web3’s Centralized Backbone

The AWS disruption led to failed orders, inaccurate charts, and asset transfer delays on several exchanges. The outage has sparked an important debate within the crypto community: Is decentralized infrastructure too dependent on centralized platforms?

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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.