KEYTAKEAWAYS
- Strategy acquires 22,048 BTC worth $1.92B, bringing holdings to 528,185 BTC ($35.63B), while BlackRock's CEO warns U.S. debt crisis could boost Bitcoin as an alternative reserve currency.
- Circle prepares for April IPO filing with JPMorgan and Citi, seeking $4-5B valuation, as Coinbase CEO advocates for allowing stablecoin holders to earn interest on their holdings.
- Congressional oversight intensifies with House Financial Services Chair stating Trump family's crypto ventures "made our work more complicated" as U.S. Treasury prepares to disclose government crypto holdings on April 5.
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.
MORNING NEWS
1. Strategy Acquires Additional $1.92 Billion in Bitcoin
Bitcoin evangelist Michael Saylor’s Strategy (formerly MicroStrategy) announced the acquisition of 22,048 Bitcoin worth $1.92 billion.
The company’s purchases were made using proceeds from common MSTR at-the-market (ATM), preferred STRK ATM, and STRF stock offerings, at an average price of $86,969 per Bitcoin between March 24 and March 30.
As of March 30, Strategy now holds 528,185 Bitcoin worth around $35.63 billion, acquired at approximately $67,458 per Bitcoin, cementing its position as the world’s largest corporate Bitcoin holder.
Meanwhile, MARA Holdings, the second-largest corporate holder with 46,374 Bitcoin, has announced a $2 billion stock offering to acquire additional Bitcoin.
2. BlackRock CEO Warns U.S. Debt Could Boost Bitcoin as Alternative Reserve Currency
In his annual letter to investors, BlackRock CEO Larry Fink warned that if the U.S. doesn’t get its debt under control, the country risks losing its world reserve currency status to digital assets like Bitcoin.
Fink noted that the national debt has grown at three times the pace of GDP since 1989, with 2025 interest payments exceeding $952 billion, surpassing defense spending. If uncorrected, by 2030, mandatory spending and debt service will consume all federal revenue.
The CEO highlighted BlackRock’s Bitcoin ETF success, with IBIT growing to over $50 billion in assets under management in less than a year, generating net inflows of $37.4 billion in 2024 and over $40 billion since launch.
Fink also emphasized tokenization’s potential to revolutionize markets by enabling instant settlement, fractional ownership, and broader access to higher-yield investments.
3. Circle Prepares for IPO with JPMorgan and Citi
Circle Internet Financial, the issuer of USDC stablecoin, is moving forward with longtime plans to publicly list its shares, working with investment banks JPMorgan Chase and Citi on its IPO.
The company aims to publicly file paperwork for the offering in late April, marking its second attempt at listing after scrapping SPAC merger plans in late 2022 following the FTX collapse.
Circle’s flagship product, USDC, has a current market cap of around $60 billion, an all-time high. However, investors may question business diversification, as unaudited financial statements from the first half of 2023 showed interest income generated 99% of the firm’s revenue.
For its traditional IPO, Circle is seeking a $4 billion to $5 billion valuation, down from its 2022 peak of $9 billion.
4. Fourmeme Updates Platform with Enhanced Security and Trading Features
Fourmeme, a leading platform for launching memecoins on the BNB Chain, has unveiled a crucial update enhancing its ecosystem’s security, efficiency, and user experience.
Key improvements include token contract standardization (with addresses ending in “4444” for better verification), automatic liquidity addition for tokens moving to PancakeSwap V2, and burning of liquidity provider tokens to prevent manipulation.
The platform has also integrated TradingView for advanced technical analysis tools and addressed recent downtime issues by offering compensation to affected users.
These updates follow Fourmeme’s announcement of a $10 million ecosystem fund designed to support long-term growth of the MemeFi space through strategic funding, buybacks, and liquidity revenue optimization.
5. Coinbase Continues FOIA Lawsuit Against FDIC Despite Regulatory Shift
According to Crypto in America, U.S. cryptocurrency exchange Coinbase is still pursuing a Freedom of Information Act (FOIA) lawsuit against the Federal Deposit Insurance Corporation (FDIC), despite the regulator’s recent shift towards a more lenient stance on cryptocurrency.
NOON NEWS
1. Vitalik Buterin Wears Milady NFT Mask at ETHTaipei
On April 1st, Ethereum co-founder Vitalik Buterin appeared at the ETHTaipei event wearing a Milady series NFT style mask, attracting wide attention.
2. Kentucky Drops Lawsuit Against Coinbase Over Staking Services
Kentucky has officially dropped its lawsuit against Coinbase over the exchange’s crypto-staking services, according to a joint filing submitted on March 31.
The state’s Department of Financial Institutions dismissed the case without prejudice, following similar actions recently taken by Vermont and South Carolina, signaling a broader shift in regulatory sentiment.
Despite these legal victories, Coinbase faces scrutiny from the crypto community over its growing dominance in Ethereum staking, controlling over 3.84 million ETH across 120,000 validators (11.42% of all staked ETH), raising concerns about potential centralization risks.
Seven states, including California, New Jersey, Illinois, Washington, Alabama, Maryland, and Wisconsin, still have active cases pending against the crypto trading platform.
3. House Financial Services Chair: Trump Family Crypto Ventures Complicate Legislation
House Financial Services Committee Chair French Hill (R-AR) said that the personal cryptocurrency dealings of President Donald Trump and his family have made drafting legislation for the sector “more complicated,” specifically naming the president’s meme coin and stablecoin projects.
Since returning to power, Trump and his inner circle have rapidly expanded their crypto portfolios while simultaneously determining policies that directly impact those assets. Trump’s businesses have partnered with Crypto.com to offer crypto ETFs, and his sons recently launched their own Bitcoin mining venture.
The House Financial Services Committee is set to mark up its version of proposed stablecoin legislation, the STABLE Act, on Wednesday, with a market structure bill to follow. Democrat critics, including Sen. Elizabeth Warren, have denounced Trump-backed crypto projects as a “grift” and tied them to pending legislation.
4. SYN Protocol Launches Testnet for AI Computing
According to official sources, the blockchain-based AI computing protocol SYN has officially launched its testnet, allowing users to run nodes, train personal models, and track participation in the cluster.
5. Coinbase CEO Advocates for Legislation Allowing Stablecoin Interest
Coinbase CEO Brian Armstrong has called for legislation allowing stablecoin holders to earn interest on their digital currency.
Under the current structure, stablecoin issuers get all interest earned from reserve assets backing the stablecoin. Armstrong proposes enabling “on-chain interest” to function like an interest-bearing checking account, but this requires legislative changes to grant stablecoins the same exemptions from securities laws that checking accounts have.
Armstrong argues this would democratize access to market-rate yields (currently around 4.75% for Fed funds versus 0.41% for savings accounts), benefiting U.S. consumers facing 3% inflation while strengthening U.S. dollar hegemony.
The proposal has received mixed feedback, with some critics arguing that existing DeFi platforms already allow users to earn yield on their capital through various actions.
EVENING NEWS
1. Wintermute Reportedly Offloading Meme Coins
Market maker Wintermute is reportedly offloading meme coins from its wallet, sparking speculation about short-term memecoin sentiment shifts.
2. U.S. Government to Disclose Crypto Holdings on April 5
The U.S. Treasury and other federal agencies are expected to disclose their holdings of Bitcoin and other crypto assets on April 5, in accordance with President Trump’s recent executive order establishing a strategic Bitcoin reserve.
According to tracked data, the U.S. government currently holds approximately 198,012 bitcoins, worth about $16 billion. White House cryptocurrency affairs director David Sacks stated that the government has held about 400,000 bitcoins through civil and criminal asset forfeiture over the past decade, but sold about half, generating only $366 million in revenue.
3. Metaplanet Purchases Additional 696 Bitcoin
Metaplanet, regarded as a strategist in Japan, has reportedly purchased an additional 696 BTC, bringing its total Bitcoin holdings to 4,046.
The company had previously issued ordinary bonds worth 2 billion yen (approximately 19.8 billion KRW) to fund these additional Bitcoin purchases.
4. Global Debt Exceeds $300 Trillion
According to @bravosresearch monitoring, global debt has officially exceeded $300 trillion and continues to rise sharply.
High levels of debt may lead to inflation and currency devaluation, therefore assets like gold and Bitcoin might be viewed as crucial tools for hedging against such risks.
5. Bitcoin ETFs See Two Consecutive Months of Net Outflows
According to Matrixport’s analysis, Bitcoin ETFs have experienced net outflows for two consecutive months.
Although the year-to-date capital inflow remains positive ($1.05 billion), this is primarily due to a surge of $5.3 billion in January. Recently, Bitcoin ETF performance has been notably weak compared to safe-haven assets like gold, which continues to hit new historical highs.
Capital flow indicates that Bitcoin ETFs still heavily rely on favorable financing rates and arbitrage opportunities, rather than broad investor interest. With low speculative sentiment among retail investors, significant capital inflows into Bitcoin ETFs are unlikely to recover in the short term.
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