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▌Trump signed an order to set up a U.S. investment accelerator
The White House said that U.S. President Trump signed an order to set up an investment office affiliated to the Department of Commerce, called the U.S. Investment accelerator, which means deploying and accelerating U.S. investment with a scale of more than $1 billion. Its responsibilities include reducing regulation, speeding up approval, and coordinating responses between federal agencies.
▌Coinbase demands restart of the lawsuit against the FDIC, accusing the regulator of continuing to conceal key documents
According to reporter Eleanor Terrett, U.S. cryptocurrency exchange Coinbase filed a motion to the District Court of the District of Columbia, requesting the suspension of the Freedom of Information Act lawsuit against the Federal Deposit Insurance Corporation (FDIC). The exchange accused the FDIC of refusing to provide critical regulatory documents and not fully cooperating with information disclosure requests. In early February this year, after Trump appointed Travis Hill as acting FDIC chairman, presiding judge Neomi Rao suspended the proceedings, hoping that both parties could reach a settlement outside court. "Although the new FDIC leadership demonstrates a higher transparency commitment than statutory requirements, core information remains blocked. We will not stop pushing the process until the regulatory transparency the U.S. public deserves." According to court proceedings, the FDIC is expected to formally respond to a request to restart the lawsuit within two weeks.
The lawsuit dates back to 2023, with Coinbase accusing the FDIC of secretly asking multiple banks to cut off cooperation with crypto companies. Although the exchange has obtained some of the communication records through the Freedom of Information Act, 27 key documents involving the internal decision-making process of the FDIC were still refused to be disclosed on the grounds of "privileges of the review process." Industry observers point out that progress in the case may affect the collaboration model between crypto institutions and the traditional financial system.
Trending as of press time, according to Coingecko data, BTC's latest transaction price is US$82,431.65, with an intraday rise and fall of +0.4%;
ETH's latest transaction price is US$1,822.08, with an intraday rise and fall of +0.8%;
BNB's latest transaction price is US$604.95, with an intraday rise and fall of +0.6%;
SOL's latest transaction price is US$124.53, with an intraday rise and fall of +0.0%;
DOGE's latest transaction price is US$0.1671, with an intraday rise and fall of +0.2%;
XPR's latest transaction price is US$2.09, with an intraday rise and fall of -1.7%.
▌U.S. House Financial Services Committee Chairman: Trump’s crypto-business activities make regulation more complex
French, Chairman of the House Financial Services CommitteeHill on Monday criticized President Trump and his family for cryptocurrency business activities, saying these actions “complex” the work of creating laws for the emerging digital asset industry. Hill specifically pointed out Trump's meme and stablecoin projects, saying it had a negative impact on the work of lawmakers. Hill: "These projects make our work more complicated." Hill said Monday that the House Financial Services Committee will review the draft Stablecoin Act on Wednesday and will discuss the new version of the Market Structure Act soon. On the Senate, the GENIUS Act, which won bipartisan support by 18-6 votes, has been submitted to the whole house for a vote. But Trump's business activities provide Democrats with a reason to object. Last week, Senator Elizabeth Warren slammed Trump-backed USD1 stablecoin as a "scam" and tried to peg the project to the legislative process. She said, “Congress should amend the stablecoin bill under consideration to prevent Trump and Musk from taking control of people’s money.”
U.S. Representatives: The STABLE Act, which is related to the stablecoin, is close to the GENIUS Act in the Senate.
Eleanor Terrett, Crypto reporter, posted that “Bryan Steil, chairman of the House Digital Assets Subcommittee, told me that after Wednesday’s review, the STABLE Act will be well aligned with the GENIUS Act, which was achieved after several rounds of draft amendments and technical assistance from the SEC and CFTC.
Bryan Steil believes that the bill exists 20% with the GENIUS Act. The difference is only textual, not significant or substantial. At present, the biggest difference between the two lies in the requirements for international stablecoin issuers, state regulation of issuers, and some smaller technical differences between the two texts. Steil said, at the end of the day, I think everyone recognizes that we hope to work with colleagues in the Senate to push the bill to pass. "
Blockchain application
0xbow draws on Vitalik's research results to launch a new blockchain privacy tool "Privacy Pool".
A team of cryptographers such as Ethereum veteran developers Ameen Soleimani and Zak Cole, 0xbow recently launched a new tool to enhance on-chain privacy. According to an announcement released by the X platform, the technology called "Privacy Pools" was officially launched on the main network on Monday. Privacy Pool is a hybrid network system that uses zero-knowledge proof and "Association Set Provider" to ensure that only "clean" funds can enter the fund pool. The goal is to provide privacy protection for ordinary cryptocurrency users while maintaining regulatory compliance.
0xbow has obtained BankLess, Number Group, Public Works and other institutions invested, and angel investors such as Ethereum co-founder Vitalik Buterin were also involved. The 0xbow protocol originated from a paper co-authored by Buterin in 2023 with Chainalysis researcher Jacob Illum and scholars Matthias Nadler, Fabian Schar and others.
Cryptocurrency
▌BlackRock CEO: Asset tokenization is the most disruptive financial innovation after ETF
BlackRock CEO Larry Fink pointed out in his annual letter on Monday that asset tokenization is the most disruptive financial innovation after ETF and will reshape the global financial democratization process. He systematically explained the transformative impact of tokenization on the capital market:
First of all, it is to subvert the century-old settlement system. "The SWIFT system is like using a fax machine to process emails." Tokenization will realize instant on-chain liquidation of stocks, bonds, real estate and other assets, release the liquidity of hundreds of billions of dollars frozen due to settlement delays, and enable global capital to achieve "7×24-hour frictionless flow".
Build an inclusive financial infrastructure, by allowing unlimited split of assets (such as one-millionth building property rights), retail investors have touched exclusive fields such as private equity for the first time; smart contracts automatically execute shareholder voting to increase governance participation; eliminate traditional investment barriers, and allow more investors to share high-yield opportunities.
Digital identity authentication determines success or failure. Fink specifically emphasizes: "Tokenized funds need to become mainstream, they must establish an identity system that is more reliable than SWIFT." He cited the case of the Indian Aadhaar system (covering 90% of mobile verification) and called for global collaboration to build a compliant digital identity framework, which is the key to unlocking the trillion-dollar tokenized market.
▌Cryptocurrency concept stocks generally fell in the first quarter
In the first quarter, the main contract of CME Bitcoin futures BTC fell by 18%, while the main contract of CME Ethereum futures DCR fell by 48.44%. Bitcoin ETF HODL fell 77.95% in total, Ethereum ETF QETH fell 45.4%, FETH fell 45.38%, and ETHA fell 45.35%. Blockchain concept stock/cryptocurrency concept stock Bakkt Holdings fell 65%, KULR fell 62.82%, TeraWulf fell 51.77%, Cipher Mining fell 50.43%, and Hut 8 fell 43.29%. There are only a handful of overall rises, with the Ninth City ADR rising 3.23%, the internet celebrity brokerage firm Robinhood rose 11.70%, and Beyond Inc. rose 17.65%.
▌Q1 ended with various assets: Gold rose by $500, Bitcoin rose first and then fell
Affected by the repeated "Trump transactions" and changes in the geopolitical situation, various types of assets shook sharply in the first quarter of 2025. Spot gold rose 19% in the first quarter or about US$500, reaching a high of US$3,127 per ounce, and COMEX gold futures rose 19.6%. Spot silver rose nearly 18%, reaching a high of US$34.56/ounce; WTI crude oil futures fell 0.6%, with a volatility between US$65.22/barrel to US$79.39/barrel, and Brent crude oil fell 0.3%, with a volatility between US$68.21/barrel to US$81.73/barrel; Bitcoin fell 11.8%, setting a historical high in January close to US$110,000, and now fell back to US$82,000; USD index DXY fell nearly 4% in cumulatively, and the offshore RMB rose nearly 1% against the US dollar, currently at the 104.1 and 7.26 respectively. The Russian ruble appreciated significantly, and the US dollar against the Russian ruble USD/RUB, with a 21% cumulative decline; in other metals, copper rose 10.3%, palladium rose nearly 10%, tin rose nearly 26%, and platinum rose more than 11%.
▌Solana Institute was established to promote crypto perception among Washington lawmakers
Miller Whitehouse-Levine, former CEO of the DeFi Education Fund, announced the establishment of the nonprofit Solana Institute, an organization that aims to educate Washington lawmakers and regulators to make their understanding of cryptocurrencies “beyond Bitcoin.”
The institute’s goal is to work with the newly formed cryptocurrency task force of the U.S. Securities and Exchange Commission (SEC) and future leadership of the Commodity Futures Trading Commission and to influence the formulation of relevant bills such as stablecoins and market structures.
Whitehouse-Levine is currently the only employee of the institute and plans to recruit in the future. He declined to disclose the specific funder of the organization, but the Solana Foundation said the institute is an independent and different organization. Whitehouse-Levine said the institute has a group of supporters with wide interest in the Solana ecosystem, but their identities will remain anonymous.
▌Lekker Capital Founder: Bitcoin may fall below $60,000 this year
Quinn Thompson, founder of cryptocurrency hedge fund Lekker Capital, said in an interview with CoinDesk: "I expect Bitcoin price to return to the 5 mark by the end of this year." The "5 mark" refers to the price of Bitcoin between $50,000 and $59,999, which means that BTC will fall by about 50% compared to the peak slightly above the $109,000.
Thompson believes that Trump's various activities may damage the U.S. economy in the next six to nine months due to risky assets such as stocks and BitcoinWith such great resistance, the cryptocurrency industry is unlikely to perform well this year. He said the White House doesn't seem to be too worried about a potential recession, which is also a strong signal.
Thompson said: "I liken this to a controllable burn, and they try to remove the bush purposefully so that the problem will not become bigger. But sometimes controllable burns will turn into forest fires, and I think it will be a long and hard struggle in their attempt to implement them."
Important economic dynamics
▌Trump: Saudi Arabia has agreed to invest $1 trillion in U.S. companies
U.S. President Trump: Saudi Arabia has agreed to invest $1 trillion in U.S. companies; the trip to Saudi Arabia may be next month (April), and may be a little later.
▌Trump: He has not considered running for the third president yet and is willing to compete with Obama
On Monday local time, when asked whether it is still possible to seek a third president despite the 22nd Amendment to the Constitution, U.S. President Trump said he "has not considered" running for the third president. "There are many statements about running for the third president. I don't know. I never thought about it. They did say there was a way to do it, but I don't know much about it, and I haven't looked at it yet." Trump said in response to reporters' questions in the Oval Office. When asked what he thought about competing with Obama if he and former President Obama were allowed to run for the third term, Trump said: "I'm happy. It would be a wonderful competition. I like it." He also said that some people had asked him to run for the third term. OpenAI plans to release the open heavyweight language model in the coming months. OpenAI CEO Sam Altman said on Monday that OpenAI plans to release the first open heavyweight language model with reasoning capabilities since GPT-2 in the coming months, and the company will discuss with developers how to make it work. An open weight language model is a type that allows model weighting to be adjusted or fine-tuned based on new input data or tasks. "We need to make some decisions, so we are holding a developer event to collect feedback and try out early prototypes later," Altman said.
▌The probability of the Federal Reserve keeping interest rates unchanged in May is 86.4%
According to CME's "Feder Observation": The probability of the Federal Reserve keeping interest rates unchanged in May is 86.4%, and the probability of a 25 basis point cut is 13.6%. The probability of the Federal Reserve keeping interest rates unchanged by June is 24%, the probability of a cumulative interest rate cut of 25 basis points is 66.2%, and the probability of a cumulative interest rate cut of 50 basis points is 9.8%.
▌White House Press Secretary "disliked" the impact of the tariff plan on the stock market
On March 31 local time, local time, several senior economic advisers of US President Trump proposed plans to implement new reciprocal tariffs this week. According to the White House's instructions,Trump will make a decision on April 2 and announce the details of the relevant tariffs. White House Press Secretary Levitt said that U.S. Treasury Secretary Becente, Commerce Secretary Lutnik, U.S. Trade Representative Greer, trade adviser Navarro, senior assistant Miller and Vice President Vance all proposed plans to Trump on how to accomplish this work. However, she made it clear that the plan would not include any exemptions. At the same time, she "disliked" the impact of the tariff plan on the stock market. (CCTV)
Golden Encyclopedia
▌What is the teardrop attack in cryptocurrency?
Teardrop attacks exploit the way the system reorganizes fragment packets by sending overlapping fragments during transmission, and the target system fails to rebuild these fragments correctly, resulting in a denial of service. Furthermore, teardrop attacks can target services related to the blockchain ecosystem, such as wallet providers and cryptocurrency exchanges, rather than the blockchain infrastructure itself. These services rely primarily on continuous communication between users and servers to enable seamless transactions and service availability.
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