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Quick Take The cryptocurrency sector mirrors wider market caution, with sentiment remaining fragile ahead of the U.S. jobs report, QCP Capital analysts said. The analysts point to bearish bitcoin options activity as investors weigh economic uncertainty.
Quick Take A16z-backed Story Protocol, a Layer 1 network built for IP management, has unveiled details of the tokenomics for its native token ahead of a mainnet launch. Of an initial supply of 1 billion IP tokens, 58.4% will be “allocated to the community across initial incentives, ecosystem, and foundation, ensuring broad participation and decentralized ownership.”
Quick Take Despite the volatility, we can’t help but stay bullish on crypto’s future. This column is adapted from The Scoop newsletter.
Quick Take Florida Republican Senator Joe Gruters filed a bill on Friday proposing that the state be allowed to invest in bitcoin and other cryptocurrencies. Gruters’s bill outlines that Florida’s CFO’s investments “in Bitcoin may not exceed 10% of the total funds in any account.”
Quick Take The SEC said it will decide on April 9, 2025 whether to approve or disapprove allowing options trading on BlackRock’s iShares Ethereum Trust. Also on Friday, the SEC asked for public comments on a proposal to list and trade options on Fidelity’s spot Ethereum ETF.
Quick Take Telegram game user retention rates “hovered at 5–20%, far below traditional gaming benchmarks” of 20% to 30%, according to a report from Helika. Disappointing airdrops, in particular the one launched by “Hamster Kombat,” caused the “euphoria” around Telegram tap-to-earn games to dissipate, the analytics firm also said.
- 04:06Market Update: U.S. President Trump Expected to Announce Policy Guidelines on Artificial IntelligenceAccording to market sources cited by Jinse Finance, U.S. President Trump is expected to announce policy guidelines on artificial intelligence, which will call for easing regulations, expanding energy sources for data centers, and urging Congress to consider passing federal legislation to proactively oversee this emerging technology. (Jin10)
- 04:06Data: 60 Million USDC Burned in USDCTreasuryAccording to a report by Jinse Finance, WhaleAlert monitoring shows that at 11:29 AM today (UTC+8), 60 million USDC were burned in the USDC Treasury.
- 04:06Circle Praises Passage of the GENIUS Act: A Crucial Step for the Future of Money and the Internet Financial SystemAccording to a report by Jinse Finance, USDC issuer Circle published an article stating that the House of Representatives has voted to approve the GENIUS Act for presidential signature, which is crucial for the future of currency and the internet financial system. This demonstrates strong bipartisan support for responsible innovation and clearly indicates that the United States will take a leading role in regulating dollar-backed payment stablecoins. Circle highly commends congressional leaders for establishing a regulatory framework that prioritizes consumer protection, financial integrity, and U.S. competitiveness.