NEWS DIGEST π
1. Bitcoin Dips to $79,300 After Harsh Tariffs on China
President Donald Trump has officially announced a new wave of tariffs on Chinese imports, imposing up to 60% duties on key sectors, including semiconductors and EV batteries. The crypto market reacted sharply, with Bitcoin dropping to $79,300 before recovering slightly. Analysts warn that ongoing trade tensions could fuel further volatility, as investors weigh inflation risks and potential safe-haven demand for BTC.Β
2.North Korean Cyber Attacks Stole Over $6 Billion in Crypto
Over the past decade, North Korea has become the worldβs most prolific crypto thief, stealing over $6 billion to fund its economy and nuclear program. State-backed hackers use phishing, malware, and social engineering to breach exchanges. Major thefts include $200 million from Indiaβs WazirX in July 2024 and $1.5 billion from Bybit in February 2025. These incidents highlight the urgent need for stronger global cybersecurity measures.
3. Circle Files for IPO as Revenue Surges to $1.7 Billion
USDC stablecoin issuer Circle Internet has filed for an IPO on the New York Stock Exchange. The company reported strong revenue growth to $1.66 billion last year, though net income fell to $156 million due to higher operational expenses. The move aims to enhance transparency and capitalize on the pro-crypto regulatory stance under President Trump.Β
4. XRP Holds at $2 Ahead of SEC Closed-Door Meeting
The U.S. SEC is holding a closed-door meeting today, April 3, expected to discuss Rippleβs case. Investors are closely watching, as the meetingβs outcome could impact XRPβs regulatory status and price movement.
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