They say that pride cometh before the fall, and the adage certainly proved true for the cryptocurrency – and, frankly, stock – market on April 2. In the leadup to President Donald Trump’s Liberation Day reciprocal tariff announcement, numerous assets enjoyed strong rallies with, for example, Bitcoin ( BTC ) briefly soaring above $87,000 only to plunge to $83,662 by press time on April 3. BTC one-week price chart. Source: Finbold The same phenomenon was evident with the entire cryptocurrency market as the digital assets’ collective market capitalization soared to $2.77 trillion by April 2 afternoon, gaining more than $50 billion within the day. Immediately as the reciprocal tariffs were revealed, cryptocurrencies’ total valuation fell off a cliff to the recent lows of $2.61 trillion, effectively erasing $160 billion in less than four hours. Furthermore, even the slight April 3 rally only tempered the bloodbath, ensuring the final tally for the first 12 hours amounts to a $140 billion drop to $2.63 trillion, per the data FInbold retrieved from TradingView on the day. Cryptocurrency market valuation one-week chart. Source: TradingView Did any investments evade the Liberation Day bloodbath? Unfortunately for cryptocurrency investors hoping that assets like Bitcoin would truly fill the role of digital gold, the latest bloodbath is the latest in the long line of evidence proving the market has become highly susceptible to external shocks and entered a phase of high correlation with stocks. Indeed, by press time in the April 3 pre-market, most major companies’ shares had experienced at least a 3% correction, though the movement is far from universal. Elsewhere, gold has proven its attractiveness as a safe haven since, while most other assets were plunging, it enjoyed a four-hour rally to new highs above $3,162. Gold one-week price chart. Source: TradingView Interestingly, the world’s largest commodity by market capitalization has experienced a downward correction to its press time price of $3,128 while risk assets were enjoying a slight recovery from the plunge. Featured image via Shutterstock The post Liberation Day wipes $140 billion from crypto market within hours appeared first on Finbold .
The Rise of Layer-2 Solutions in Blockchain Scalability The implementation of layer-2 solutions is revolutionizing the blockchain landscape by addressing scalability challenges that have historically plagued major networks. These solutions,
Are you a South African dabbling in the exciting world of cryptocurrencies? If so, you need to pay close attention! The South African Revenue Service (SARS) has issued a significant call to action. It’s time for all crypto holders, exchanges, and intermediaries in South Africa to get registered and ensure they are fully compliant with tax laws. This isn’t just a suggestion; it’s a crucial step towards a more regulated and transparent crypto landscape in the Rainbow Nation. Let’s dive into what this means for you and the future of crypto in South Africa. Why is Crypto Tax Compliance South Africa Becoming a Priority? The global rise of cryptocurrencies has caught the attention of tax authorities worldwide, and South Africa is no exception. With an estimated 6 million South Africans now holding cryptocurrencies, the potential for tax revenue – and conversely, tax evasion – is substantial. SARS Commissioner Edward Kieswetter highlighted in a recent Bloomberg interview that this registration drive is a direct response to concerns about tax evasion within the burgeoning crypto sector. But it’s not just about revenue collection; it’s also about fostering a fair and transparent financial system. Consider these key drivers: Global Trend: Many countries are now implementing or considering crypto regulations to ensure tax compliance and combat illicit activities. South Africa is aligning with this global trend to bring its crypto sector in line with international standards. Revenue Generation: Taxing crypto gains can significantly boost government revenue, which can be channeled into public services and infrastructure development. Fairness and Equity: Ensuring crypto investors pay their fair share of taxes contributes to a more equitable tax system where all forms of income are subject to taxation. Combating Illicit Activities: Registration and compliance measures can help track and deter the use of cryptocurrencies for money laundering, fraud, and other illegal activities. Understanding Crypto Regulation South Africa: What You Need to Know While the call for registration might sound daunting, it’s essential to understand what SARS is asking and what it means for you. The current move isn’t about introducing entirely new taxes but rather ensuring that existing tax laws are applied to cryptocurrency transactions. Here’s a breakdown of key aspects of crypto regulation in South Africa you should be aware of: Declaration is Key: SARS is essentially asking crypto holders and intermediaries to declare their crypto activities. This includes reporting gains from trading, mining, staking, and other crypto-related income. Existing Tax Laws Apply: Cryptocurrencies are generally treated as assets for tax purposes in South Africa. This means that profits from selling or trading crypto are subject to capital gains tax, while income from mining or staking may be taxed as income. Registration for Exchanges and Intermediaries: Crypto exchanges and other intermediaries are being urged to register with SARS. This will likely involve providing information about their operations and their users’ transactions to facilitate tax compliance. Voluntary Compliance First: Commissioner Kieswetter’s statement emphasizes an initial “invitation to register,” suggesting a phase of encouraging voluntary compliance before stricter enforcement measures are implemented. Navigating South Africa Crypto Tax: A Practical Guide So, how do you navigate the landscape of South Africa crypto tax and ensure you’re on the right side of the law? Here’s a practical guide to help you: Register with SARS: If you haven’t already, register as a taxpayer with SARS. This is the first and most crucial step. Declare Your Crypto Activities: Be transparent and declare all your crypto-related activities in your tax returns. This includes trading, mining, staking, airdrops, and any other form of crypto income or gains. Keep Accurate Records: Maintain detailed records of all your crypto transactions, including purchase prices, sale prices, dates, and transaction fees. This documentation is essential for accurate tax calculations and in case of a SARS audit. Understand Taxable Events: Familiarize yourself with what constitutes a taxable event in the crypto context. Selling crypto for fiat currency, trading one crypto for another, and using crypto to purchase goods or services can all trigger tax liabilities. Seek Professional Advice: If you’re unsure about your tax obligations or how to comply, consult with a qualified tax advisor or accountant who specializes in cryptocurrency taxation. The Benefits of Crypto Registration South Africa: More Than Just Compliance While the primary driver for registration is crypto registration South Africa for tax compliance, there are also potential benefits for the crypto ecosystem and individual users: Increased Legitimacy: Regulation can bring greater legitimacy to the crypto sector in South Africa, potentially attracting more institutional investment and wider adoption. Enhanced Investor Protection: A regulated environment can provide better protection for crypto investors by establishing standards for exchanges and intermediaries and reducing the risk of fraud and scams. Clarity and Certainty: Clear regulatory frameworks provide clarity and certainty for businesses and individuals operating in the crypto space, fostering innovation and growth. Access to Financial Services: As the crypto sector becomes more regulated, traditional financial institutions may become more willing to engage with crypto businesses, potentially leading to greater access to banking and financial services. Challenges and Considerations for SARS Crypto Tax Enforcement Enforcing SARS crypto tax compliance is not without its challenges. The decentralized and borderless nature of cryptocurrencies presents unique hurdles for tax authorities. Some key challenges include: Challenge Description Anonymity and Pseudonymity While crypto transactions are recorded on blockchains, user identities are often pseudonymous, making it challenging to link crypto holdings to specific taxpayers. Cross-Border Transactions Cryptocurrencies can be easily transferred across borders, making it difficult to track and tax international crypto transactions. Technological Complexity Understanding and tracking crypto transactions requires specialized technical expertise and tools, which tax authorities may need to develop or acquire. Evolving Landscape The crypto sector is rapidly evolving, with new technologies and use cases emerging constantly. Tax regulations need to be adaptable to keep pace with these changes. Conclusion: Embracing Responsible Crypto Tax Compliance South Africa’s push for crypto tax compliance is a significant step towards integrating cryptocurrencies into the mainstream financial system. While it may require adjustments for crypto holders and businesses, it’s ultimately about creating a more sustainable, transparent, and equitable crypto ecosystem. By embracing responsible crypto tax compliance, South Africans can contribute to the growth and legitimacy of this exciting asset class while fulfilling their civic duties. Don’t wait – understand your obligations, register with SARS, and ensure your crypto activities are tax compliant today! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption.
The post Bitcoin ETF Inflows Hit $220M – Is a Massive Rally Incoming? appeared first on Coinpedia Fintech News The crypto market took a nosedive after Trump’s latest tariff announcement, wiping out a staggering $509 million. Bitcoin crumbled to $82,352, with traders scrambling to defend the $83K mark—only for it to slip again after briefly reclaiming $88K. It wasn’t just BTC feeling the heat. The entire crypto market shed 3.43%, with Ethereum plunging over 6% and Solana sinking 6.6%. Despite a slight bounce near $82K, the pressure remains high. While the crypto went haywire and lost in the tariff war, Bitcoin ETF inflows have roared back, with a net surge of $220 million as investors brushed off concerns about Trump’s reciprocal tariffs and took advantage of the BTC price dip. Fidelity’s FBTC and Ark Invest’s ARK dominated the inflows, while BlackRock’s IBIT witnessed outflows. Institutional demand is once again on the rise, fueling confidence in Bitcoin’s long-term potential. Bitcoin ETFs around the world HODL 1.3 million Bitcoin, or 6.2% of all BTC that will ever exist Monthly update as of 3/31/2025 pic.twitter.com/3uVcVLh9Rm — HODL15Capital (@HODL15Capital) April 1, 2025 Institutional Investors Step In After a slow start to the week, inflows into spot Bitcoin ETFs rebounded strongly. On April 2, investors poured $220 million into Bitcoin ETFs, reversing early selloffs. Fidelity’s FBTC and Ark Invest’s ARK led with $119 million and $130 million in inflows, respectively. However, BlackRock’s iShares Bitcoin Trust (IBIT) faced significant outflows of $116 million. Despite the mixed market response, it appears that major players viewed the Trump tariffs as a “buy the dip” opportunity rather than a long-term risk. Big Players Hoading More BTC Institutions are doubling down on Bitcoin, with publicly traded firms now holding a massive 696,456 BTC. Just last week, eight companies added another 26,303 BTC to their stacks, showing growing confidence in Bitcoin’s long-term strength. Leading the charge are Michael Saylor’s MicroStrategy and Japan’s Metaplanet, both scooping up more BTC as they bet big on the crypto giant’s future. Bitcoin’s Current Market Sentiment Despite the positive ETF vibes, Bitcoin faced an intense bloodbath following Trump’s tariff announcement, plunging from $88,000 to $81,000. However, trading volume skyrocketed by 85%, reaching $54 billion, indicating investors are still interested. As of now, BTC is trading at $83,394, with a market cap of $1.65 trillion. Find out the Key Trading Range Meanwhile, Crypto analyst Ali Martinez has identified a key trading range between $86,900 and $84,800. He suggests that whichever side breaks first on the hourly chart could dictate Bitcoin’s next major move. With institutional players back in accumulation mode, the market is closely watching whether BTC will push past resistance or face another dip. Overall, while Bitcoin’s price remains volatile, institutional investors seem unfazed by regulatory developments and continue to see BTC as a valuable long-term asset. The coming weeks will reveal whether this renewed confidence can push Bitcoin to new highs.
In a significant update on the crypto landscape, COINOTAG News reported on April 3rd that the Binance Wallet has successfully concluded the investment phase for its latest token generation event
The U.S. Treasury Department has imposed sanctions on crypto addresses associated with Russia’s Garantex in its latest action against the Houthis and their funding operations. The U.S. Department of the Treasury’s Office of Foreign Assets Control has imposed sanctions on eight cryptocurrency addresses used by the Houthi foreign terrorist organization to finance activities like arms procurement and sanctions evasion. Data from blockchain forensic firms Chainalysis and TRM Labs shows that the regulator sanctioned six private wallet addresses and two deposit addresses at mainstream services that have moved nearly $1 billion in illicit transactions. These transactions were largely aimed at supporting the group’s activities in Yemen and the broader Red Sea region. On-chain transfer data shows that the Houthis moved over $45 million through Garantex, a Russia -based exchange, which was flagged by OFAC for facilitating terrorist financing. You might also like: OFAC designates Iranian administrator of darknet marketplace with Bitcoin and Monero addresses Garantex announced its closure in early March, shortly after Tether blacklisted nearly $30 million in stablecoins. Two weeks later, Indian police arrested Aleksej Besciokov, co-founder of Garantex, following an arrest warrant issued by the Patiala House Court in New Delhi. However, multiple reports later suggested that Garantex hadn’t been fully disrupted and had actually resurfaced under a new name, Grinex, after transferring funds and users to the new platform. TRM Labs says on-chain analysis shows “millions of dollars in volume flowing to other high-risk and OFAC-sanctioned entities,” including Garantex and Sa’id al-Jamal, an Iran-based financial facilitator affiliated with both the Houthis and the Islamic Revolutionary Guard Corps-Qods Force. In late January, U.S. President Donald Trump re-designated Yemen’s Houthi movement, formally known as Ansar Allah, as a foreign terrorist organization, with Secretary of State Marco Rubio stating that the Houthis’ activities “threaten the security of American civilians and personnel in the Middle East, the safety of our closest regional partners, and the stability of global maritime trade.” Read more: OFAC targets Hezbollah-linked crypto financier to disrupt Iran’s terror funding
Bitcoin’s path toward the $1 million mark is no longer just speculation—it’s a target on many charts. But while BTC builds long-term value, savvy investors are eyeing a new player with breakout potential: MAGACOINFINANCE. With over $4.5 million raised, a tight token supply, and a roadmap that’s being executed with precision, this early-stage asset is generating real traction—and 2025 could be the year it explodes into the spotlight. While DOT, ADA, Injective, and Kaspa continue evolving their roles in the crypto ecosystem, MAGACOINFINANCE is drawing in those who understand the importance of timing, scarcity, and structured growth. CURRENT PRICE – $0.000245 – LISTING PRICE $0.007 -PRE-SALE SELLING OUT! MAGACOINFINANCE – $4.5 MILLION RAISED AND FINAL STAGE LIVE MAGACOINFINANCE is currently priced at $0.000245, with a confirmed listing price of $0.007—a clear value gap for those positioning early. With only 100 billion tokens in total supply and demand accelerating, the project is moving fast through its final funding stage. The ecosystem is built to reward long-term holders, with smart tokenomics, transparent development, and increasing market visibility. This isn’t about hype—it’s about controlled momentum. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH CODE MAGA50X Use Code MAGA50X – Claim 50% Bonus Tokens Instantly Early investors can still use promo code MAGA50X to secure 50% bonus tokens before listings go live. With public exposure on the horizon, this is one of the last chances to build a position with bonus leverage. Market Snapshot: DOT, ADA, INJ, KAS Polkadot (DOT) continues to lead in multichain architecture, facilitating seamless cross-chain applications. Cardano (ADA) follows a research-first path with ongoing upgrades and a consistent build-out of secure blockchain tools. Injective (INJ) supports high-performance infrastructure and smart contract functionality across interoperable environments. Kaspa (KAS) brings fast, scalable transaction execution powered by its innovative blockDAG structure. ACT NOW- JOIN THE BIGGEST PRE-SALE IN HISTORY Conclusion Bitcoin’s rise has defined what’s possible in crypto—but it’s projects like MAGACOINFINANCE that represent what could come next. With a capped supply, rising investor demand, and a 50% bonus still active, it’s shaping up to be one of the most compelling opportunities of this cycle. As DOT, ADA, INJ, and KAS continue to hold key positions in the market, MAGACOINFINANCE is carving out space as the next breakout bet investors don’t want to miss. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Could MAGACOINFINANCE Follow BTC’s $1M Rise With a New 2025 Momentum?
Is Bitcoin’s future intertwined with a high-stakes standoff against central banks? Imagine a game of chicken, but instead of cars speeding towards each other, we have Bitcoin squaring off against the titans of global finance. That’s the intriguing analogy recently put forth by Jamie Coutts, Chief Crypto Analyst at Real Vision. He suggests that investing in Bitcoin right now is akin to playing this nerve-wracking game, betting that central banks will eventually be forced to blink and inject more liquidity into the system to grapple with soaring debt levels. Let’s dive deep into this captivating theory and explore what it could mean for the future of the crypto market and your investments. Bitcoin vs. Central Banks: A High-Stakes Game of Chicken? Coutts’ provocative post on X has ignited discussions across the financial landscape. He argues that despite recent attempts at easing monetary policy – we’ve seen slightly lower interest rates, a somewhat weaker dollar, and a nudge upwards in the money supply – the underlying stress in credit markets is palpable. After three years of tightening liquidity, the system is showing cracks. But what exactly does this ‘game of chicken’ entail? In essence, Coutts believes that the excessive levels of government debt globally are unsustainable in the current environment of constrained liquidity . He points to a critical metric: the U.S. M2-to-debt ratio, which has plummeted to a concerning low of around 0.6. This ratio essentially measures the amount of readily available money (M2) relative to the total government debt. A low ratio signals that there isn’t enough liquidity circulating to comfortably service the existing debt . Think of it like this: imagine a household with a massive mortgage but very little cash in their bank account. They might be able to make payments for a while, but any unexpected expense or income disruption could push them to the brink. Coutts suggests the global financial system, particularly concerning government debt , is facing a similar predicament. The Liquidity Crunch: Are Central Banks Running Out of Options? So, what happens when there’s too much debt and not enough liquidity ? Coutts posits that central banks, particularly the U.S. Federal Reserve (Fed), will eventually be cornered. They will have to choose between two potentially inflationary paths: Option 1: Money Printing (Quantitative Easing – QE): The Fed could resort to injecting massive amounts of liquidity into the financial system by purchasing assets, essentially ‘printing money.’ This would directly increase the money supply and potentially ease the liquidity crunch. Option 2: Bank Debt Absorption: Alternatively, the Fed could pressure banks to absorb more government debt onto their balance sheets. This could be done through regulatory changes or incentives, effectively shifting the burden of debt management onto the banking sector. Both of these options, while potentially alleviating the immediate debt pressures, carry significant inflationary risks. Injecting liquidity directly through QE is a well-known inflationary tool. Forcing banks to hold more government debt could also lead to instability in the banking system and indirectly contribute to inflation. This is where Bitcoin enters the picture. Coutts argues that these potential central bank actions could reignite the bullish narrative for Bitcoin . Why? Mounting Debt and the M2 Ratio: Why This Matters for Bitcoin The core argument for Bitcoin ‘s potential upside in this scenario rests on its inherent properties as a decentralized, scarce digital asset. Let’s break down why: Inflation Hedge: If central banks resort to money printing to manage debt , it could lead to currency devaluation and inflation. Bitcoin , with its limited supply of 21 million coins, is often seen as a hedge against inflation. As fiat currencies potentially lose purchasing power, assets with fixed supply, like Bitcoin , could become more attractive. Alternative to Traditional Finance: In a world where trust in traditional financial institutions and government-backed currencies might be eroded by debt crises and inflationary policies, Bitcoin offers a decentralized alternative. Its transparent and immutable nature, governed by code rather than central authorities, can be appealing to investors seeking refuge from potential systemic risks. Increased Demand: If investors anticipate central bank actions that could devalue fiat currencies, they might flock to Bitcoin as a store of value. This increased demand, coupled with Bitcoin ‘s limited supply, could drive its price upwards. Coutts’ analysis highlights a potentially precarious situation where the traditional financial system is grappling with immense debt and dwindling liquidity . In this environment, Bitcoin emerges not just as a speculative asset, but potentially as a strategic play against the backdrop of macroeconomic uncertainties. Is Bitcoin a Safe Haven in the Central Bank Chicken Game? While Coutts’ analysis presents a compelling bullish case for Bitcoin , it’s crucial to approach this with a balanced perspective. Investing in Bitcoin , especially based on macroeconomic predictions, carries inherent risks: Volatility: The crypto market , including Bitcoin , is notoriously volatile. Prices can swing dramatically based on market sentiment, regulatory news, and unforeseen events. The ‘chicken game’ scenario is just one potential factor influencing Bitcoin ‘s price. Regulatory Uncertainty: Governments and regulatory bodies worldwide are still grappling with how to regulate Bitcoin and the broader crypto market . Changes in regulation could significantly impact Bitcoin ‘s price and adoption. Alternative Outcomes: While Coutts predicts central bank intervention, there’s no guarantee that events will unfold exactly as anticipated. Central banks might find alternative ways to manage debt and liquidity without resorting to massive money printing or bank debt absorption, potentially diminishing the bullish case for Bitcoin based on this specific thesis. Therefore, while the ‘chicken game’ analogy is thought-provoking and highlights a potential pathway for Bitcoin to thrive, it’s not a guaranteed roadmap to riches. It’s essential to conduct thorough research, understand the risks involved, and consider your own investment objectives and risk tolerance before making any decisions based on this or any other market analysis. Navigating the Crypto Market Amidst Economic Uncertainty The current economic landscape is complex and uncertain. Coutts’ analysis adds another layer to this complexity, suggesting that the interplay between central banks , government debt , and liquidity could be a significant driver for the crypto market , particularly for Bitcoin . Here are some actionable insights to consider: Stay Informed: Keep abreast of macroeconomic developments, central bank policies, and indicators like the M2-to- debt ratio. Follow reputable analysts and sources in both traditional finance and the crypto market to gain a well-rounded perspective. Diversify: Don’t put all your eggs in one basket. Diversification is crucial in any investment strategy, especially in volatile markets like crypto. Consider diversifying across different asset classes and within the crypto market itself. Manage Risk: Understand your risk tolerance. The crypto market is high-risk, high-reward. Only invest what you can afford to lose, and consider using risk management tools like stop-loss orders. Do Your Own Research (DYOR): Don’t rely solely on any single analysis, including this one. Conduct your own independent research, understand the fundamentals of Bitcoin and the crypto market , and make informed decisions based on your own understanding. Conclusion: The Unfolding Drama of Bitcoin and Central Banks Jamie Coutts’ ‘chicken game’ analogy offers a fascinating lens through which to view Bitcoin ‘s potential in the current macroeconomic environment. The interplay between central bank actions, mounting government debt , and the availability of liquidity could indeed create a fertile ground for Bitcoin to flourish. Whether central banks will ‘blink’ first and resort to inflationary measures remains to be seen. But one thing is clear: the relationship between Bitcoin and traditional finance is becoming increasingly intertwined, and the unfolding drama is one that investors in the crypto market – and beyond – should be watching closely. The game is on, and the stakes are undeniably high. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Nonco, an institutional digital asset trading firm, has launched its foreign exchange (FX) onchain initiative on the Avalanche network, aiming to bridge institutional FX liquidity with the stablecoin market. The FX Onchain protocol, built on Avalanche’s C-Chain, automates conversions between local currencies and USD-backed stablecoins, such as USDC and USDT, facilitating faster and more cost-effective
The Ripple community anticipates key decisions from the SEC meeting today. Legal experts warn that the Ripple case is far from over. Continue Reading: Ripple Community Awaits Crucial SEC Meeting Decisions The post Ripple Community Awaits Crucial SEC Meeting Decisions appeared first on COINTURK NEWS .