Crypto News 1st April : Gemini Bankruptcy, Hang Seng Index, Pi Crypto Price , Ethereum Price live

On-chain data indicates significant AAVE transactions by major holders. A whale transferred 30,001 AAVE (approximately $4.98 million) to FalconX within two hours, retaining 37,425 AAVE (about $6.33 million) and realizing a total profit of $11.8 million. Another large holder deposited 11,018 AAVE (valued at $1.86 million) to OKX, incurring a loss of $293,000. These movements suggest a trend of profit-taking among AAVE whales, potentially influencing market dynamics

​Metaplanet Inc. has acquired 696 BTC, increasing its total holdings to 4,046 BTC. The company’s Bitcoin Income Generation business reported ¥770 million in Q1 revenue, with a year-to-date BTC Yield of 95.6%. Metaplanet aims to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. In March 2025, the firm issued ¥2 billion ($13.33 million) in zero-coupon bonds to fund additional Bitcoin purchases. Additionally, Eric Trump joined Metaplanet’s advisory board to support its Bitcoin treasury strategy. ​

Pi Network’s price saw a slight rebound, rising over 1% to around ₹59 (₹59.84) following its recent listing on BTCC Exchange for spot trading. The listing sparked investor optimism, as such announcements often trigger short-term price gains. Pi reached a 24-hour high of ₹62.73 and a low of ₹56.64. Despite the uptick, Pi remains down over 22% in the past week and has slumped more than 60% over the past month, reflecting ongoing market volatility.

A Brazilian court has approved using NFTs to serve legal notices to unknown wallet holders linked to BWA Brazil’s alleged crypto pyramid scheme. With 11,200 BTC—worth over $900 million—suspected of being acquired using creditor funds, the court-backed trustee will mint NFTs with legal documents to interrupt lawsuit deadlines. The move adapts legal procedures to blockchain’s traceability, targeting unidentified recipients via wallet addresses. It marks a landmark case in merging legal frameworks with decentralized finance.

President Trump is set to unveil sweeping “reciprocal” tariffs on April 2, targeting all countries in response to trade imbalances. Goldman Sachs raised the U.S. recession risk to 35%, citing lower growth and rising inflation. Markets are jittery, with global allies like China and the EU preparing retaliatory measures. Some Republican senators oppose tariffs on partners like Canada. Trump hints at sector-specific levies too, including autos and semiconductors, raising fears of a global trade war escalation

Hong Kong stocks jumped by midday Tuesday, tracking Wall Street’s overnight gains. The Hang Seng Index rose 244 points (1.1%) to 23,363, after peaking over 330 points in early trade. The Hang Seng Tech Index climbed 1.8% to 5,491, fueled by strong performances from Tencent, Alibaba, and Meituan—all gaining over 2%. CSPC Pharmaceutical soared 12.8%, leading blue-chip gainers. Meanwhile, mainland markets also moved higher, with Shanghai and Shenzhen indexes up 0.6% and 0.9%, respectively. Turnover hit HK$126.44 billion.

The US is gearing up to launch new “reciprocal” tariffs that will mirror trade barriers imposed by other nations. President Trump confirmed these tariffs will apply to all countries, not just select few, signaling a sweeping trade shift. Set to begin on April 2—dubbed “Liberation Day”—the exact details remain unclear. Goldman Sachs predicts a 15% average tariff, raising inflation expectations and cutting US growth forecasts. The bank now sees a 35% recession risk, citing weaker growth and rising economic uncertainty.

The U.S. Treasury Department and other federal agencies are set to disclose their holdings of Bitcoin and other cryptocurrencies on April 5, 2025. This follows President Donald Trump’s executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. The disclosure will provide transparency into the government’s digital asset reserves and clarify the inclusion of cryptocurrencies like XRP, Solana (SOL), and Cardano (ADA) in the national stockpile. ​

On March 31, 2025, Bitcoin Spot ETFs recorded $71.1M in net outflows—marking BTC’s first outflow day in 11 sessions, with BlackRock’s IBIT as the only fund seeing inflows. In contrast, Ethereum Spot ETFs broke their losing streak with $6.42M in net inflows and zero outflows. A rare green day for ETH ETFs while Bitcoin takes a breather in the ETF arena.

The average selling pressure on top exchanges has plunged from 81K to just 29K BTC per day, signaling a shift into the “asymmetric demand” zone. After breaking above $100K, the market absorbed heavy profit-taking, but now sellers are drying up while buyers hold steady. With supply thinning out and demand holding strong, April-May may become a calm consolidation phase—potentially the quiet before Bitcoin’s next major surge.

Coinbase CEO Brian Armstrong says U.S. stablecoin laws need an upgrade. He believes users should be able to earn interest directly from stablecoins, just like an interest-bearing checking account. The tech already exists to make it happen, but current laws haven’t caught up. Right now, stablecoins can’t legally pass on interest from their reserve assets to users because they don’t have the same exemptions as traditional securities. Armstrong urges lawmakers to fix this gap and unlock stablecoin potential.

Bitcoin’s price is down even after Michael Saylor announced a $2 billion purchase—and here’s why. The market had already priced in this move, as MicroStrategy’s Bitcoin buying strategy was well-known in advance. While Saylor is accumulating, other major players are cashing out after Bitcoin’s impressive 100% gain in 2024. Plus, $2 billion isn’t enough to move the needle in a $1.7–$2 trillion market. The bigger picture lies in global liquidity trends, which had been tightening. That trend is now shifting, and once liquidity fully returns, Bitcoin is likely to break to a new level—but it might test your patience before that happens.

Tether has bought 8,888 Bitcoin worth $735 million in Q1 2025, following its strategy of investing 15% of quarterly profits into Bitcoin. The purchase was made on the last day of the quarter, with the BTC withdrawn from Bitfinex and added to reserves. Tether now holds 100,521 BTC, valued at approximately $8.29 billion—further cementing its position as one of the largest corporate Bitcoin holders.

A fake email is circulating claiming that Gemini has filed for bankruptcy. It urges users to withdraw funds to an Exodus wallet and even provides a seed phrase—this is a scam. Do not follow the instructions or share any information. Gemini has not confirmed any bankruptcy. Please spread the word to protect others who may have received this message. Stay alert and always verify news from official sources.