Senior analyst James Van Straten wrote that the S&P Volatility Index has soared to its highest level since August last year, indicating increased market uncertainty. The ratio of Bitcoin to VIX has hit the long-term trend line of 1903. The last time it hit the trend line was during market volatility before and after the unwinding of yen carry trades. At that time, the price of Bitcoin had fallen to a bottom of around $49,000. In fact, this is the fourth time that the ratio has touched the trend line and bottomed out. Previously, the ratio had first touched the trend line during the peak of the epidemic in March 2020 and in August 2015, and the price rose after both bottoms.

According to @ai_9684xtpa, the "56,995 ETH whale on the verge of liquidation" is close to liquidation, with a total reduction of 64,792 ETH. After reducing his position by 35,881 ETH at an average price of $1,562 on April 10 and unloading leverage, he sold the remaining 2,000 ETH again three hours ago at a selling price of $1,575; he currently still holds 688 ETH.

In an interview with CNBC, BlackRock CEO Larry Fink sounded the alarm about a possible recession in the United States, warning that a recession may have already begun. Larry Fink pointed to rising economic pressures and protectionist trade policies as key drivers behind what he sees as a slow economic contraction. While recession fears typically roil traditional markets, cryptocurrency investors may have reason to be excited. The impending economic slowdown could prompt the Federal Reserve to reverse its monetary tightening policies, potentially unleashing a new wave of liquidity. According to analysts, this scenario could serve as a major catalyst for digital assets such as Bitcoin.

According to The Data Nerd, 2 hours ago, wallet S4m83 withdrew 18,391 SOL (about $2.43 million) from Coinbase. In one month, the wallet accumulated a total of 255,690 SOL (about $40.4 million), with an average cost of $158.

According to Lookonchain monitoring, another whale sold 4.76 million Fartcoins (worth $4.29 million) at $0.9 in the past 12 hours.

In response to the statement that "Ethereum's self-update requires a generational/talent replacement. And the next generation needs to be rooted in Ethereum values (such as cypherpunks)", Vitalik Buterin replied in Warpcast: "I actually think that the growth of the application layer is the period when good social philosophy is most needed. For example: suppose C++ was developed by a totalitarian racist fascist. Would it be a worse language? Probably not. C++ is general, and there is not much room for bad social philosophy to destroy it (or for good social philosophy to improve it). Ethereum Layer-1 is not entirely like this: people who don't believe in decentralization will not add light clients, FOCIL, or (well-formed) account abstractions; people who don't mind wasting energy will not spend five years migrating to PoS... But in any case, the opcodes of the EVM are probably roughly the same. Therefore, Ethereum may be 50% general. Applications are about 80% dedicated. What kind of application you build depends largely on your idea of what Ethereum applications (and Ethereum as a whole) will do for the world. Therefore, it becomes crucial to have good ideas on this topic."

Santiment said that Trump's tariff exemption policy over the weekend triggered an instant rise in the cryptocurrency market. Compared with 24 hours ago, the impact of high import costs on the technology industry has been greatly reduced, and Bitcoin has hit a high of $85,900.

The Ethereum blockchain still dominates, with $36.1 million in transactions, up 41.3% from last week. The Polygon network ranks second with $17.4 million in transactions, up 4.3% year-on-year. The Mythos Chain network follows closely with $14.1 million in transactions, up 2% year-on-year. The Solana network saw a sharp drop of 33.4% in transactions to $6.5 million.

The U.S. Customs and Border Protection issued an announcement stating that according to the memorandum signed by U.S. President Trump that day, products such as smartphones, routers, and some computers and laptops will no longer be included in the so-called "reciprocal tariff" of 125% previously imposed on Chinese imports.

PANews reported on April 12 that "shorting the United States" has almost become a consensus around the world in the past week. In the crisis of trust triggered by "the rise and fall all depends on Trump", American assets have been sold off frantically, especially US bonds and the US dollar. After a week of huge fluctuations, uncertainty surrounding Trump's tariff policy, concerns about trade tensions, and concerns that the economy may be severely hit remain. Investors will pay close attention to further developments, while also turning their attention to the actual economic impact. The following are the key points that the market will focus on in the new week: Tuesday 0:00, 2027 FOMC voting member, Richmond Fed President Barkin will speak on "Getting Through the Economic Fog"; Tuesday 6:00, 2026 FOMC voting member, Philadelphia Fed President Harker will speak on the role of the Federal Reserve; Tuesday 7:40, 2027 FOMC voting member, Atlanta Fed President Bostic will speak on monetary policy; Wednesday 10:00, China's first quarter GDP annual rate; Thursday 0:00, 2026 FOMC voting member, Cleveland Fed President Hammack will participate in a Q&A; Thursday 20:30, the number of initial jobless claims in the United States for the week ending April 12; Thursday 1:15, Federal Reserve Chairman Powell will speak at the Chicago Economic Club; At 7:00 a.m. on Thursday, 2025 FOMC voting member, Kansas Fed President Schmid and Dallas Fed President Logan will hold a fireside chat on the U.S. economy and banking industry.

PANews reported on April 12 that veteran futures and options trader Jim Iuorio wrote an article on the CME official website analyzing the reasons for the recent weak performance of Bitcoin. He pointed out that there are two main reasons: First, after Bitcoin reached a peak of $109,000 in mid-January, the positive news has been digested by the market, and it is expected that after the news is confirmed, it will choose to sell, resulting in an increase in the liquidation of long positions at the same time; Second, many institutional traders have included Bitcoin and the Nasdaq index in the same investment portfolio. When the Nasdaq falls sharply, it will trigger a sell-off of Bitcoin to meet margin requirements.

After DWF Labs received 1 million stablecoins on April 3, it received another 5 million USD1 on the BSC network 9 hours ago, and then cross-chained to the Ethereum mainnet. In addition, Wintermute should be the top institution holding USD1 on the chain. Currently, the four addresses hold a total of 57 million USD1, which is 9.5 times the size of DWF Labs' holdings.

Babylon tweeted that the Bitcoin staking feature is now live. For the first time, Bitcoin can be staked to provide proof-of-stake (PoS) security for Babylon Genesis and receive staking rewards in return. To ensure security, only 1,000 Bitcoins from the first phase Cap-1 are currently allowed to register. After a 24-hour buffer and testing period, Bitcoin staking was officially activated at 18:04:03 (UTC+8) on April 11 at the Babylon Genesis block height of 27,600.

The Ethereum spot ETF with the largest daily net outflow yesterday was the Grayscale ETF ETHE, with a daily net outflow of US$26.052 million. The current historical total net outflow of ETHE has reached US$4.226 billion.