From Cointelegraph

April 11, 2025 2:00 PM:

Trump signed a resolution killing the IRS DeFi broker rule, preventing expanded reporting requirements for DeFi platforms to disclose crypto sales information to the IRS. The bill was signed on April 10, marking the first crypto bill signed into US law, aiming to protect American innovation and privacy.

Cardano founder Charles Hoskinson highlighted the need for collaborative tokenomics in the crypto space to compete with tech giants entering the Web3 industry. Hoskinson emphasized the importance of a cooperative equilibrium in the market structure to ensure sustainable growth in the face of trillion-dollar firms like Apple, Google, and Microsoft.

Bitcoin’s 24/7 liquidity became a double-edged sword during global market turmoil, as the constant availability of trading opportunities contributed to a weekend sell-off following the US trade tariff announcement. Bitcoin remained above $82,000 support but dropped below $75,000 by Sunday, potentially due to its status as the only large tradable asset over the weekend.

Bybit recovered market share to 7% after a $1.4 billion hack in February by implementing tighter security measures and improving liquidity options for retail traders. Despite the significant exploit, Bybit steadily regained market share, reflecting a strong and stable recovery in spot market activity and trading volumes. Bybit’s hack happened amidst macro de-risking, not just due to the exploit, signaling a broader trend. FTX faces $2.5 billion repayment risk as nearly 400,000 users fail KYC verification. The deadline extended to June 1, with claims under $50,000 at $655 million and claims over $50,000 at $1.9 billion. DeFi market sees top 100 cryptocurrencies ending the week in the red, with EOS and Near Protocol tokens experiencing significant declines. Stay tuned for more DeFi updates next Friday.

Read more at Cointelegraph.com

1. Bitcoin price reaches an all-time high of $60,000 as demand surges among institutional investors.
2. Ethereum hits a record high of $2,000 as interest grows in decentralized finance applications.
3. Dogecoin sees a 400% increase in value after Elon Musk tweets about it, sparking a buying frenzy.
4. NFT sales top $400 million in February, with digital artwork and collectibles attracting mainstream attention.
5. SEC investigates Robinhood’s handling of GameStop trading frenzy, looking into possible market manipulation.: Trump kills DeFi broker rule in major crypto win: Finance Redefined