Weekly Crypto Round-up for March 29 – April 4, 2025
An overview of the week's events, updates and movements in the crypto space to stay up-to-date on the most important stories and market-shaping events.
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5min
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Apr 03, 2025
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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
- Bitcoin dominance just hit 61%, the highest since 2021
- The U.S. House Financial Services Committee passes the STABLE Act of 2025
- CME Group plans to launch Spot-Quoted futures for Bitcoin, Ethereum, and major U.S. equity indices
- Fidelity offers a no-fee retirement plan including Litecoin investments
- Nigeria recognizes crypto as securities
- PayPal adds SOL and LINK for US customers
2. CONTENT
📊 Bitcoin remains stable amid Trump’s tariffs, showing signs of maturing into a strategic, risk-dynamic asset rather than a speculative play. Bitcoin's reaction to recent macroeconomic shocks, particularly Trump's sweeping tariffs, has been noticeably calmer than those of traditional markets, which has sparked interest. While Wall Street stumbles more than expected, cryptocurrency has remained pretty stable.
All of this puts Bitcoin under a new spotlight. Its consistency is no longer viewed as a coincidence. It could be the first evidence that cryptocurrency, or at least its most sophisticated participants, is emerging from the shadows of speculation and into the light of strategic finance.
🌎 The STABLE Act of 2025, which seeks to set regulatory guidelines for all USD-pegged stablecoins, including Tether (USDT) and Circle (USDC), has been passed by the U.S. House Financial Services Committee. The bill, which was approved by a vote of 32 to 17, establishes a government framework that requires stablecoins to have reserve backing, audits, and anti-money laundering safeguards.
Now that the measure has made it to a full House vote, it will formally regulate digital currencies in the United States, which is a big deal. The act's goal of striking a balance between innovation and consumer safety in the cryptocurrency sector is evident from the bipartisan support it has attracted.
📉 CME Group, the world's biggest derivatives marketplace, announced intentions to launch Spot-Quoted futures on June 30, subject to regulatory approval. Contracts will be available for the two most popular cryptocurrencies, bitcoin and ether, as well as the four major US equities indices: the S&P 500, Nasdaq-100, Russell 2000, and Dow Jones Industrial Average.
In response to rising retail demand for smaller-sized, longer-duration products, these capital-efficient contracts, which share features with perpetual contracts, will provide investors better precision and market accessibility.
️ 💲 Amid growing demand from clients, Fidelity has launched a minimal-fee retirement plan that allows 🇺🇸 US clients to invest in Bitcoin, Ethereum, or Litecoin. While there are no account opening or maintenance fees, a 1% spread applies to crypto transactions. The product is available to US residents over 18 in states where Fidelity Digital Assets supports crypto individual retirement arrangements (IRAs). Fidelity is offering three types of IRA plans, including a Roth IRA, which provides tax-free withdrawals under certain conditions
Fidelity’s decision to only include Bitcoin, Ethereum, and Litecoin reflects a focus on established assets with relatively higher market capitalization and liquidity.
🌍 Nigeria's new capital market rules officially labelled cryptocurrencies and other virtual assets as securities. This means that investors will be able to see more about these assets and make more investments. The Investments and Securities Act (ISA) 2024, which gets rid of the Investments and Securities Act No. 29 of 2007, was recently signed by President Bola Tinubu.
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.
💸 PayPal, one of the leading digital payment systems, has added Solana (SOL) and Chainlink (LINK) to its list of supported digital assets for users in the United States and its territories, according to an update on the company's help centre website. This inclusion adds to PayPal's existing cryptocurrency roster, which already includes PayPal USD (PYUSD), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash.
PayPal first allowed consumers to buy, sell, and hold cryptocurrency in 2020. This service was initially available to US customers, with intentions to expand to other regions and allow crypto payments at millions of retailers.
3. MARKET MOVES
📈 In the last 24 hours, Bitcoin's price moved +0.89% to $84.46k and trading volume moved -33.73% to $35.64b.
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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The information does not constitute financial advice or recommendation and should not be considered as such. All content, including opinions and analyses, is intended for educational purposes only. It should not be considered as solicitation or recommendation for any investment decisions. We encourage you to conduct your own research prior to investing.