The weekly blob fee of Ethereum reached 3.18 ETH, the lowest weekly level since 2025

Tesla (TSLA. O) widened its intraday decline to 10%.

Standard Chartered created a hypothetical "Mag7B" index last week to exchange Tesla for Bitcoin. Now the bank calls Bitcoin a "strongman" because Bitcoin has outperformed most technology stocks during the recent market sell-off. The bank advises "HODL" the cryptocurrency, saying that Bitcoin's elasticity could bring it back to $88,500 this weekend. (The Block)

French Hill, chairperson of the House Financial Services Committee, outlined a blueprint for digital assets in the United States, proposing six principles: 1. Legislation must promote innovation. 2. Legislation must clarify the classification of assets. 3. Legislation must codify the framework for issuing new digital assets. 4. Legislation must establish supervision of cash market exchanges and intermediaries; 5. Legislation must establish best practices for protecting customer assets. 6. Legisl...

Tether CEO Paolo Ardoino wrote on the X platform that Tether does not need to go public. Previously, stablecoin issuer Circle has filed an S-1 with the Securities Exchange Commission (SEC), planning an initial public offering (IPO) under the ticker symbol "CRCL" and intended to be listed on the New York Stock Exchange. The IPO price range has not been announced.

US stocks continued to fall at the opening on Friday, and the seven giants of the US technology industry were affected without exception. Data show that the seven giants of US technology index fell 3.1% at the opening today, and the cumulative decline this year has exceeded 22%. According to statistics, in the past two trading days (from Wednesday's close to Friday's opening), including Apple, Nvidia, Meta, Google, Microsoft, Amazon and Tesla, the total market value of the "seven sisters" stocks...

On April 4, DWF Labs tweeted that it had purchased about $1.50 million worth of HIPPO from the CEX platform.

"Bitcoin is the hedge," said Paolo Ardoino, chief executive of Tether, in a post on the X platform.

Ana Botin, Santander's executive chairperson, said on Friday that the tariffs imposed by the Trump administration could hit the US economy harder than Europe. "What's happening will have a bigger impact on the US than Europe," she told the bank's annual shareholder meeting. "Obviously there will be less growth in Europe, but the downward adjustment will be smaller than in the US."

On April 4th, according to Fortune, startup Codex raised $15.80 million in a seed round led by Dragonfly Capital. Codex is building a blockchain designed specifically for stablecoins. Other investors include the venture capital arms of Coinbase and Circle. Crypto market makers such as Cumberland, Wintermute and Selini Capital also contributed. Dragonfly's general partner Rob Hadick said the company invested about $14 million in the round.

According to market data, the S & P 500 index fell more than 8% in two days, and the total market value evaporated by 3.50 trillion US dollars. Record the largest two-day decline since the epidemic in 2020.

On April 4th, First Trust launched its first Bitcoin Strategy ETF. A Bitcoin Strategy ETF is an exchange-traded fund (ETF) designed to provide investors with tracking of bitcoin price movements through a specific investment strategy. This type of ETF typically achieves its goals by investing in bitcoin-related financial instruments such as futures contracts, options, or other derivatives, rather than directly buying and holding bitcoin spot.

Nasdaq-listed bitcoin miner CleanSpark has announced an unaudited bitcoin mining and operations update for March. The production of bitcoins in March was 706, an increase of 13% month-on-month. The hash rate reached 42.4 EH/s, an increase of 4.2% month-on-month. Total bitcoin holdings as of March 31 were 11,869. The company sold 14.23 bitcoins at an average price of about $87,742 per bitcoin.