Bitcoin surpassed silver and rose to 9th place in global asset market value. According to the latest data from 8marketcap, due to the continued decline in silver prices, its market value in global assets has been surpassed by Bitcoin. Currently, silver’s market value is about US$1.662 trillion, a 24-hour decline of 7.65%, ranking 10th in global asset market value, and Bitcoin overtakes and rises to 9th. JPMorgan Chase: Bitcoin’s “digital gold” narrative is under pressure

JPMorgan Chase analysts said that Bitcoin’s positioning as “digital gold” is under pressure, while demand for gold continues to be strong. “Bitcoin’s volatility and correlation with stocks have raised questions about its ‘digital gold’ claim.” “Looking forward, we believe gold will continue to rise and become a major beneficiary of depreciation trading.” Depreciation trading is a strategy focused on buying assets such as gold and Bitcoin to hedge inflation, long-term debt and fiat currencies. Analysts said gold prices rose sharply to more than $3,100 per ounce this year, reflecting the “intensification” of depreciation trading – meaning investors are increasingly favoring gold over Bitcoin.

The Kingdom of Bhutan transfers 377.78 bitcoins to the new address

According to PeckShieldAlert monitoring, the Kingdom of Bhutan transfers 377.78 bitcoins (about 32 million US dollars) to the new address. Bitcoin escapes the trade war and is showing signs of getting rid of the gravity of tech stocks

Bitcoin is showing signs of getting rid of the gravity of tech stocks in the past few days of financial market turmoil. Bitcoin has remained highly positively correlated with the Nasdaq 100 since the pandemic, and the trend is usually synchronized with the benchmark index. But on Friday, Bitcoin actually rose about 1% to around $83,300, while the Nasdaq 100 fell for the second consecutive day due to Trump’s tariff problems. "We believe Trump's radical moves accelerate a reexamination of Bitcoin's long-term value in portfolios, as the resetting of the global order has a significant medium-term impact on the United States as a capital destination," said Augustine Fan, partner at SignalPlus, cryptocurrency trading solutions platform. "Bitcoin is not global," said Bohan Jiang, head of over-the-counter options trading at Abra.The targets targeted in the trade war, coupled with the effective forced de-dollarization in the United States, I think we may counterintuitively see that volatility in the Bitcoin space will be weaker relative to everything else. ”

Analysis: Bitcoin and gold exchange rate trends suggest that the bull market trap still exists and may enter a deeper adjustment

Data shows that Bitcoin and gold (BTC/XAU) exchange rates have entered a bearish fractal, and are currently testing the 50-day moving average level. If it falls below, it may enter a deeper adjustment, especially when macro conditions deteriorate. Analysis believes that from the fundamentals, Bitcoin's price outlook seems to be on the downside, and investors are worried that President Trump's global tariff war may escalate into a full-scale trade war and trigger a U.S. economic recession. Risk assets such as Bitcoin often perform poorly during the economic contraction period.

Ethereum

Ethereum developers will be in May Pectra upgrades are underway on the 7th

Ethereum developers set the Pectra upgrade target date as May 7. Pectra contains a series of improvements designed to improve Ethereum user experience and efficiency. One of the important upgrades is the addition of "smart contract" functionality to the wallet, making it easier to use and recover.

Vitalik donated $500,000 to the network sandbox experimental project Zuitzerland

According to Onchain Lens monitoring, Vitalik transferred 274.1 ETH ($500,000) to the contract deployed by Zuitzerland developer 1sla.eth as a grant or donation. According to reports, Zuitzerland is a network sandbox designed to conduct prototype experiments for future civilizations. As a gathering place for pioneers in the fields of Web3, AI, biotechnology, brain-computer interface (BCI), privacy and cryptography, it promotes the accelerated development of secure technologies through resident programs, pop-up city activities and hackathons.

0xbow Ethereum Privacy Pool has reached 238 deposits in three days since it was launched on April 1. Since its launch on April 1, the Ethereum Privacy Pool has processed 238 transactions, totaling 67.49 ETH. The agreement ensures privacy through zero-knowledge proof, and at the same time screens illegal funds to ensure compliance. The core contract consists of three-layer structure: asset management,Zero-knowledge privacy and compliance review layer. Vitalik Buterin is also one of the first users to deposit. The current single deposit limit is 0.1 to 1 ETH.

Data: Ethereum surpassed Solana in DEX trading volume for the first time in six months

According to Solana in March, Ethereum surpassed Solana in DEX spot trading volume, returning to the first position for the first time since September 2024.

Ethereum researcher proposed EIP-7922 to optimize the validator exit mechanism

Ethereum researcher mikeneuder.eth proposed the EIP-7922 proposal, aiming to improve the validator exit queue mechanism. The proposal changes the fixed exit limit (about 16 per epoch) to a dynamic adjustment mechanism based on recent exit situations, improving exit flexibility, reducing validator waiting time, and reducing liquidity risks. The proposal is currently in the draft stage.

Other projects

Most DeFi protocol revenues on Solana, Ethereum and BNB Chain fell by more than 50% in March

According to Theblock, the revenues of most major DeFi protocols on Solana, Ethereum and BNB Chain fell by more than 50% in March, with a general decline in on-chain activity and transaction volume.

Cango sells its automobile business for US$352 million, and fully transforms into Bitcoin mining

On April 3, Cango has reached a final agreement with Bitmain's affiliate Ursalpha Digital Limited to sell its automobile finance business for US$352 million, marking the company's comprehensive transformation to the Bitcoin mining field. The transaction includes a down payment of $210.6 million, with the remaining payments being paid on specific terms. Cango has now ranked among the top five publicly traded Bitcoin mining companies, producing 530 Bitcoins in March, holding 2,475 Bitcoins at the end of the month, and computing power of 29.13 EH/s. The transaction shows that Bitmain may plan a dual acquisition through its affiliate Antalpha to introduce its proprietary Bitcoin mining assets to the open market.

Tether CEO: Considering creating a new compliant stablecoin registered in the United States

Tether CEO Paolo Ardoino said he didn't mind USDT being banned in the United States due to new regulatory regulations. Tether is actively considering creating a new stablecoin registered in the United States and will comply with the upcoming U.S. stablecoin laws. “We need two products with different value propositions.” Ardoino believes that USDT is more suitable for emerging markets and says USDT may no longer dominate the United States and Europe in the future.

Binance launches Spot Block Matching large-value trading solutions

Binance officially launched the Spot Block Matching service on April 1. This solution supports block traders to negotiate transactions directly bypass the exchange order book, and has the characteristics of reducing market impact, reducing slippage and ensuring transaction privacy. Users need to access this function through the VIP portal, and the main account must complete whitelist authentication before they can be used.

Luxury fragmented investment platform Collecto completed a seed round of approximately US$3.05 million

Luxury fragmented investment platform Collecto completed a seed round of 2.8 million euros (about US$3.05 million). LinkedIn Italy CEO Marcello Albergoni, Accenture Interactive Managing Director Alessandro Zanotti, McKinsey Senior Partner Andrea Travasoni and Guido Frisiani, Wind Tre Italian Co-CEO Gianluca Corti, BCG Senior Consultant and ING Italy former CEO Marco Bragadin, Jakala Civitas CEO Giacomo Lorusso, BizPal CEO Fabio Peloso and several seed investors participated in the investment. The financing structure of this round includes 2.3 million euros equity financing and 500,000 euros from the "Smart & Start Italia" entrepreneurship support program of the Italian Ministry of Economic Development. According to reports, Collecto is a platform that democratizes luxury collections by providing partial ownership of exclusive items, including modern art, luxury watches and investment-grade wines.