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Bitcoin pushed above $72K as roughly $321 million in liquidations squeezed bearish positions. Meanwhile, altcoins are under pressure, with Fartcoin leading declines with a double-digit drop, Nunchuk has introduced open-source Bitcoin tools designed for AI agents with “bounded authority,” a working prototype of a quantum-resistant Bitcoin wallet recovery tool has emerged, and Bitcoin Depot disclosed that $3.6 million in BTC was stolen in a corporate hack.
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News Roundup
Artificial Intelligence
Perplexity’s Revenue Has Shot Up 50% in One Month, Amid Shift in Focus to AI Agents (The Economic Times)
OpenAI Publishes Child Safety Blueprint to Address AI-Enabled Exploitation (Decrypt)
Anthropic’s New Product Aims to Handle the Hard Part of Building AI Agents (Wired)
Anthropic's Mythos Safety Report Shows It Can No Longer Fully Measure What It Built (Decrypt)
Researchers Propose New Way to Manage Financial Risk When AI Agents Fumble Trades (Decrypt)
OpenAI Pauses Stargate UK Data Center Citing Energy Costs (Bloomberg)
Tether Launches Toolkit for Building Local, Offline AI Apps (Decrypt)
Nunchuk Launches Open-Source Bitcoin Tools for AI Agents With 'Bounded Authority' (Decrypt)
National Robotics Push Caught in Delayed Trump-Xi Meeting (Politico)
Decentralized, Centralized, & Traditional Finance
Crypto Card Boom Hits $600 Million Monthly Volume as USDC Gains Ground on USDT (The Block)
Visa Opens the Door to AI - Driven Shopping for Businesses Worldwide (Visa)
OpenAI Will Reserve Portion of IPO Shares for Retail Investors (Reuters)
Bitcoin Bancorp Launches California Deployment of Licensed Bitcoin ATM Network (Business Insider)
Stablecoin FX Nears 'Institutional-Grade' Parity With Bank Rails in LATAM and East Africa (The Block)
Brag House Holdings, Inc. Shareholders Approve Merger With House of Doge (Brag House)
Exchanges
Bithumb Turns to Legal Action to Recover Lost Bitcoin in 'Fat Finger' Incident (The Block)
Crypto Exchange Activity Slows in March as Spot Volumes Drop Nearly 20% (Wu Blockchain)
Potential Buyers are Circling Winklevoss-Backed Crypto Exchange Gemini (CoinDesk)
Exchange-Traded Funds
Morgan Stanley Bitcoin ETF Gets Off to a Strong Start With $33M Debut (DL News)
Canary Capital Files Spot PEPE ETF Application With SEC (The Block)
On Apr. 8, U.S. Bitcoin spot ETFs recorded $124.55 million in net outflows.
U.S. Ethereum spot ETFs saw $18.63 million in net outflows on Apr. 8.
U.S. XRP spot ETFs posted no flows on Apr. 8.
U.S. Solana spot ETFs logged $1.92 million in net outflows on Apr. 8.
Infrastructure
Markets
Hyperliquid Traders Face Widespread Liquidations as Oil Prices Collapse (Decrypt)
Bitcoin Tops $72K After $280M Liquidation Targets Bears (Cointelegraph)
Bhutan Moves $23 Million Worth of Bitcoin; Total Holdings Down 70% From Peak (The Block)
CoreWeave (CRWV) Shares Surge 7% on Massive $21B Meta Partnership Extension (Blockonomi)
Key Crypto Market Dates in April (DL News)
CME Bitcoin Futures Activity Slumps to 14-Month Low as Basis Trade Unwind Drains Institutional Demand (The Block)
Meme Coins
Mining
Politics & Regulation
SEC Appoints David Woodcock as New Enforcement Director (The Block)
Court Rules to Keep Anthropic Labeled a Supply-Chain Risk, for Now (Bloomberg)
CFTC Presses Case That Sports Betting is Finance, Seeks to Block Arizona Enforcement (CoinDesk)
BitMEX Co-Founder Ben Delo Reveals $5.4M Donation to Farage’s Reform UK (Decrypt)
Iran's Crypto Tanker Tolls are the Latest Step in its Sanctions‑Busting Trade Network (CoinDesk)
Meet the Anti-Trump Crypto Developer Running for Congress in Virginia (Decrypt)
Trump Admin Tables New Crypto 401(k) Plans. President's 'Wall Street Buddies' Are the Winners (DL News)
Florida AG Opens Probe into OpenAI Ahead of Potential IPO (Reuters)
Treasuries
Bitmine Announces Uplisting to NYSE and Expansion of Share Repurchase Program to $4 Billion (PR Newswire)
Other News
ZachXBT Exposes North Korean IT Workers Running $1M/Month Crypto Fraud Network (Blockonomi)
Bitcoin Depot ATM Operator Says $3.6 Million in BTC Stolen in Corporate Hack (Decrypt)
Teen Thugs Snatch $23,000 From Crypto Trader (DL News)
Former SEC, JPMorgan Exec Brett Redfearn Joins Securitize as President (The Block)
Check This Out!
Enterprise AI revenue is concentrated in coding (~$3B), far exceeding that of legal (~$500M), support (~$400M), and other sectors, according to a16z.
Source: a16z
Meme of the Day
Source: Crypto Tea
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