Weekly Crypto Round-up for April 5 - April 11, 2025

A comprehensive overview of the week's events, updates and movements in the crypto space to stay up-to-date on the most important crypto stories and market-shaping events.

1. KEY TAKEAWAYS

• Crypto markets demonstrate resilience amid US-China trade tensions
• Bitcoin and Ethereum ETFs face notable outflows
• Mantra unveils a substantial $108M Ecosystem Fund
• Sui Network to be part of the first US SUI ETF
• 21Shares launches a Dogecoin ETP on SIX Swiss Exchange
• Kraken partners with Mastercard to launch crypto debit cards in Europe

2. CONTENT

📊 After an extended period of downturn, both the cryptocurrency and broader financial markets experienced a moment of respite on April 9th, after U.S. President Donald Trump announced a 90-day tariff pause for most nations affected by his aggressive trade policy.

Stock markets around the world rallied on Thursday after the US government hit pause on new tariff hikes for most countries. The move triggered sharp gains across major indices in the US, Europe, and Asia, injecting a fresh dose of optimism into global markets. Industry leaders shared similar views, with Binance CEO Richard Teng recently emphasizing that while short-term volatility is inevitable, Bitcoin could emerge stronger amid broader economic disruption.

📉 Bitcoin spot exchange-traded funds (ETFs) saw significant net outflows totaling $595 million. Even after the temporary lifting of most U.S. import tariffs on April 9, an additional $127 million was withdrawn. These outflows are attributed to investor concerns over a potential economic recession and a tightening corporate credit market, prompting a shift toward safer assets like government bonds and cash. The ongoing global trade tensions and fears of tariff-induced inflation have further dampened confidence in Bitcoin ETFs.

🌐 Mantra, a blockchain platform specializing in real-world asset (RWA) tokenization, has launched a $108.88 million Ecosystem Fund to accelerate the development of decentralized finance (DeFi) and RWA projects.

Over the next four years, this fund aims to support high-potential blockchain startups globally, regardless of their development stage. Backed by institutional investors like Laser Digital, Shorooq, and Brevan Howard Digital, the initiative seeks to bridge traditional finance and blockchain technology by tokenizing tangible assets into stable digital products. This move follows Mantra's recent acquisition of a virtual asset service provider license in Dubai, positioning it as a key player in the growing RWA market.

️ 💲 The Chicago Board Options Exchange (Cboe) has asked regulators for approval to list a new exchange-traded fund (ETF) based on the SUI cryptocurrency. This fund was proposed by Canary Capital and would let people invest in SUI through regular stock markets, just like buying shares.

If approved, this ETF would be one of several Canary Capital is planning, including funds linked to Solana, XRP, and even the popular Pudgy Penguins NFT brand. The goal? Make crypto easier to invest in for everyday people.

💸21Shares, a leading provider of cryptocurrency exchange-traded products (ETPs), has introduced a Dogecoin ETP on the SIX Swiss Exchange under the ticker symbol "DOGE." This product is notably the first ETP to receive official backing from the Dogecoin Foundation, the nonprofit organization supporting Dogecoin's development. The produt is the result of the collaboration between 21Shares and the House of Doge, the corporate arm of the Dogecoin Foundation. This partnership aims to offer investors a regulated and straightforward way to gain exposure to Dogecoin through traditional financial markets

The Act makes it clear that virtual or digital assets and investment contracts are securities. It also puts the SEC in charge of regulating Virtual Asset Service Providers (VASPs), Digital Asset Operators (DAOPs), and Digital Asset Exchanges.

💳 Kraken has teamed up with Mastercard to launch crypto debit cards in the U.K. and Europe, letting users spend their cryptocurrency just like cash at over 150 million merchants worldwide. The cards will be both physical and digital as part of Kraken Pay, a new service that simplifies cross-border payments by supporting over 300 crypto and fiat currencies. This collaboration signals a growing push to make crypto more usable in everyday life, bridging the gap between traditional finance and digital assets.

3. MARKET MOVES

📈 In the last 24 hours, Bitcoin's price moved -0.07% to $81.49k and trading volume moved -38.53% to $45.16b.

The crypto market remains as dynamic as ever, with new opportunities coming up every day. Whether you’re a seasoned trader, an investor or a beginner, this is your chance to stay ahead in the world of crypto.

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