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Quick Take The cryptocurrency sector mirrors wider market caution, with sentiment remaining fragile ahead of the U.S. jobs report, QCP Capital analysts said. The analysts point to bearish bitcoin options activity as investors weigh economic uncertainty.
Quick Take A16z-backed Story Protocol, a Layer 1 network built for IP management, has unveiled details of the tokenomics for its native token ahead of a mainnet launch. Of an initial supply of 1 billion IP tokens, 58.4% will be “allocated to the community across initial incentives, ecosystem, and foundation, ensuring broad participation and decentralized ownership.”
Quick Take Despite the volatility, we can’t help but stay bullish on crypto’s future. This column is adapted from The Scoop newsletter.
Quick Take Florida Republican Senator Joe Gruters filed a bill on Friday proposing that the state be allowed to invest in bitcoin and other cryptocurrencies. Gruters’s bill outlines that Florida’s CFO’s investments “in Bitcoin may not exceed 10% of the total funds in any account.”
Quick Take The SEC said it will decide on April 9, 2025 whether to approve or disapprove allowing options trading on BlackRock’s iShares Ethereum Trust. Also on Friday, the SEC asked for public comments on a proposal to list and trade options on Fidelity’s spot Ethereum ETF.
Quick Take Telegram game user retention rates “hovered at 5–20%, far below traditional gaming benchmarks” of 20% to 30%, according to a report from Helika. Disappointing airdrops, in particular the one launched by “Hamster Kombat,” caused the “euphoria” around Telegram tap-to-earn games to dissipate, the analytics firm also said.
- 16:02Analysis: The Number of Transactions in the BTC Mempool Has Significantly Decreased Compared to the End of Last Year, Indicating a Potential CrisisAccording to Jinse Finance, the number of transactions in Bitcoin’s mempool (the queue of unconfirmed transactions) has significantly decreased compared to the end of 2024. Observers believe that an idle mempool signals an impending crisis. Data shows that as of this Saturday, there were just over 5,000 transactions waiting to be included in the Bitcoin mempool. At the time of writing, the total number of transactions has risen to 15,000, but this is still far below the 150,000 transactions seen at the end of 2024 when BTC first surpassed $100,000. Joao Wedson, CEO and founder of the crypto data analytics platform Alphractal, stated that an idle Bitcoin mempool indicates a lack of retail participation in the market.
- 16:01If Bitcoin Surpasses $110,000, Total Short Liquidations on Major CEXs Will Reach $156 MillionAccording to a report by Jinse Finance, Coinglass data shows that if Bitcoin surpasses $110,000, the total short liquidation volume on major CEXs will reach $156 million. Conversely, if Bitcoin falls below $107,000, the total long liquidation volume on major CEXs will reach $97.07 million.
- 16:01BTC Surpasses $109,000According to Jinse Finance, market data shows that BTC has surpassed $109,000 and is currently trading at $109,003.29, with a 24-hour increase of 0.79%. The market is experiencing significant volatility, so please manage your risks accordingly.