KEYTAKEAWAYS
- US federal agencies must report crypto holdings to Treasury by April 7, with government currently holding approximately 198,000 BTC worth $15 billion, though findings may not be made public.
- Global markets suffered historic declines with circuit breakers triggered in Japan, Taiwan's largest one-day drop ever, and S&P 500 entering bear market territory amid recession probability estimates rising to 60%.
- Bitcoin holds above $78,000 despite market turmoil, as El Salvador adds to its holdings and $192 million in token unlocks approach this week for CHEEL, SAGA, APT and others.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
1. US Federal Agencies Preparing to Disclose Crypto Holdings
United States federal agencies are preparing to disclose their crypto holdings to the Treasury by Monday, April 7, in accordance with President Trump’s executive order signed earlier this month.
While agencies must share their holdings with Treasury Secretary Scott Bessent, the executive order doesn’t require the information to be made public, leading to frustration from community members over the lack of transparency.
According to Arkham Intelligence data, the U.S. government currently holds roughly 198,000 BTC worth approximately $15 billion, plus an additional $380 million in other cryptocurrencies such as ETH, WBTC, and BNB.
2. Conor McGregor’s REAL Token Falls Short, Issues Full Refunds
UFC superstar Conor McGregor’s REAL token, launched in partnership with Web3 gaming platform Real World Gaming, fell well short of its $1 million fundraising target.
The presale, which started on April 5, raised just $392,315 (39% of goal) from 668 investors. The REAL team acknowledged the shortfall and issued full refunds to all investors.
The token’s failure occurred amid a highly bearish crypto market, with Bitcoin down 10% and Ethereum down over 20% on Monday, contributing to one of the worst market crashes this year.
3. Global Markets Sell-Off Pushes Bitcoin Below $80,000
Global markets faced a broad sell-off amid President Trump’s tariff hikes and China’s retaliation, pushing Bitcoin below the $80,000 mark on Monday, April 7.
Bitcoin traded down nearly 6.04% at around $78,291.26, having moved in the range of $83,511.25 to $77,097.74 in the last 24 hours. Ethereum was hit harder, trading down nearly 13%.
Investor sentiment remains weak, with the Fear and Greed Index edging toward ‘Extreme Fear,’ though a potential bright spot may come from the expected disclosure of U.S. crypto holdings.
4. Falcon Finance TVL Reaches $127.9 Million
According to official website data, the Total Value Locked (TVL) of Falcon Finance, a synthetic US dollar stablecoin protocol launched by DWF Labs, has reached $127.9 million, with sUSDf APY currently reported at 14.3%.
Falcon Finance is backed by multiple assets, utilizing hedging and farming systems aimed at improving returns and stability.
5. Meta Releases First Llama 4 AI Models
Meta on Saturday released the first models from its latest open-source artificial intelligence software Llama 4, though the company has not yet released the biggest and most powerful Llama 4 Behemoth model.
Users can try two newly released models on Meta AI in WhatsApp, Messenger, Instagram Direct or the Meta AI website, including Llama 4 Scout and Llama 4 Maverick.
Meta CEO Mark Zuckerberg stated, “Our goal is to build the world’s leading AI, open source it, and make it universally accessible so that everyone in the world benefits.”
6. Taiwan Stock Market Crashes 9.7%, TSMC Drops 26.9% YTD
Taiwan’s stock market opened on Monday with a wave of stop-loss and panic selling, causing the weighted index to plunge 2,086 points (9.7%), marking the largest intraday point and percentage loss on record.
Taiwan Semiconductor Manufacturing Co. (TSMC), Hon Hai (Foxconn), and MediaTek all hit their limit-down prices immediately. TSMC’s losses on Monday mean the company’s share value has dropped NT$312 (26.9%) since its January 7 all-time high, representing a total loss of NT$8.1 trillion (US$243.59 billion).
This sharp decline followed Taiwan’s four-day Tomb Sweeping Festival holiday, making Monday the first trading day since President Trump announced “reciprocal” tariffs.
7. Over $192 Million in Token Unlocks Scheduled This Week
More than $192 million worth of tokens are scheduled to be released into circulation between April 7 and April 13, with CHEEL leading at $64 million.
Key token unlock events include:
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TNSR (Tensor): 120.10 million tokens ($14.60M), 35.89% of supply, April 8
-
SAGA: 133.20 million tokens ($34.07M), 118.40% of supply, April 9
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MOVE (StepApp): 50.85 million tokens ($16.63M), 2.08% of supply, April 9
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CHEEL (Cheelee): 8.34 million tokens ($64.12M), 14.69% of supply, April 10
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APT (Aptos): 11.30 million tokens ($49.62M), 1.87% of supply, April 12
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AXS (Axie Infinity): 10.88 million tokens ($27.5M), 6.79% of supply, April 12
The SAGA token unlock is particularly notable for representing 118.40% of the current circulating supply.
8. Prediction Markets Place US Recession Odds at 61%
Traders on the Kalshi prediction market place the odds of a US recession in 2025 at 61%, following the sweeping tariff order signed by President Trump on April 2.
Odds of a recession have nearly doubled since March 20 and mirror the current 2025 US recession odds on Polymarket, which traders place at 60%.
The macroeconomic outlook deteriorated rapidly following Trump’s tariff order and the ensuing market sell-off, with some analysts suggesting Trump deliberately crashed markets to bring down interest rates.
9. Global Equities Plunge into Bear Market Territory
A massive wave of risk aversion extended across global markets on Monday, with US equities plunging into bear territory and European counterparts echoing the sell-off.
The S&P 500 futures index fell below the key 5,000-point threshold, marking a decline of more than 20% from its February 2025 peak and officially entering bear market territory alongside the Nasdaq 100.
Over the past three sessions, the S&P 500 fell by 12.5%, evoking comparisons with some of the most dramatic downturns in modern history. Asian markets suffered historic losses, with Hong Kong’s Hang Seng index plummeting 13% overnight—its worst daily performance since the 1997 Asian financial crisis.
10. Japanese Stock Trading Halted After Circuit Breakers Triggered
Japanese stock futures trading was temporarily suspended on Monday morning after circuit breakers were triggered, following a global market meltdown sparked by escalating trade tensions.
The Nikkei 225 futures plunged over 7.35% in early trade, prompting the Japan Exchange Group to halt trading of Nikkei 225 and Topix futures. This move came in response to steep declines in U.S. stock futures, with Dow Jones and S&P 500 futures dropping 4% each in pre-market trade.
Asian markets broadly declined, with South Korea’s Kospi falling 4.8%, China’s CSI300 blue-chip index dropping 4.5%, and Hong Kong’s Hang Seng Index nosediving 8% in early trading.
11. UXLINK Surpasses 1.28 Million On-Chain Holders
@UXLINKofficial now surpasses 1.28 million on-chain holders—overtaking USDC and climbing the ranks of active Web3 social networks.
12. CZ Conceptualizes “X Agent” AI Bot for Twitter
Former Binance CEO Changpeng Zhao (CZ) shared that he’s conceiving an AI Bot called “X Agent” during communications with BNB Chain developers, which can simulate a user’s style to tweet on the X platform.
In its early stage, the project will analyze the user’s historical tweets and hot trends to generate content matching the individual’s tone. Future functionality will include summarizing tweets, smart replies, and sentiment analysis.
YZi Labs, which CZ founded, is interested in funding such projects and plans to adopt a subscription model denominated in BNB for monetization.
13. Arthur Hayes: Watch MOVE Index for Fed Easing Signals
BitMEX co-founder Arthur Hayes advised that investors wanting to predict when the Federal Reserve will restart easing should pay attention to the bond market volatility indicator MOVE index.
When MOVE rises, traders who buy U.S. bonds or corporate bonds with financing face higher margin requirements and may be forced to close positions. Hayes suggested that once MOVE breaks through 140, the Fed may intervene in the market.
14. El Salvador Adds Another Bitcoin to Holdings
Data from the El Salvador Ministry of Finance indicates that the country has increased its Bitcoin holdings by one coin, bringing their total to 6,139.18 BTC, with a total value of $488 million.
15. Agencies Must Report Crypto Holdings by April 7
According to Eleanor Terrett, White House officials revealed that federal agencies must report their cryptocurrency holdings to Treasury Secretary Scott Bessent by April 7. However, the executive order only requires the report to be submitted to Bessent and does not mandate public disclosure of the audit results.
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