Dog-Themed Meme Coins Like BONK, Dogecoin, and Shiba Inu See Massive Gains

Bitcoin, once seen as a decentralized financial alternative, now mirrors traditional markets due to institutional adoption. Market fluctuations, tariffs, inflation, and Fed comments impact Bitcoin's value, leading to a correlation with stock market movements.

Prediction markets are indicating a growing chance of a U.S. recession following President Trump's tariff policy announcement. Various platforms show odds ranging from 40% to 56% for a recession by the end of 2025, with concerns raised by economists and market reactions.

Despite recent market declines due to Trump's tariffs, experts like Bitwise's Ryan Rasmussen maintain a bullish outlook for Bitcoin, with a year-end price target of $200,000. The cryptocurrency's performance has closely followed the tech sector and outperformed gold, S&P 500, and Nasdaq since November 5.

The Babylon Foundation announced an airdrop of 600 million BABY tokens for early supporters and stakers of Bitcoin with Babylon. Tokens will be distributed upon the launch of Babylon Genesis Network, with no need for users to claim them.

An Irish man confessed to being a corporate spy for Deel, receiving $5,000 in Ethereum monthly to provide insider information about his employer, Rippling, to Deel's CEO. The espionage scheme led to a lawsuit between the two HR software companies, valued at over $10 billion each.

Illinois is set to drop its staking lawsuit against Coinbase, following the lead of three other U.S. states that have recently withdrawn their litigation against the exchange. The U.S. Securities and Exchange Commission (SEC) previously charged Coinbase with violating federal securities laws for its staking product, but dropped the suit in February.

Pectra, a major Ethereum upgrade, faced delays but is now scheduled for the mainnet launch on May 7. The upgrade aims to enhance scalability, increase validator staking limits, introduce account abstraction for gas payments, and improve wallet functionality.

Shares of top U.S. Bitcoin mining companies dropped between 6-8% following President Trump's announcement of global tariffs. The tariffs, including a 10% baseline and 34% on Chinese imports, could impact companies relying on Chinese ASIC manufacturers.

Europol has shut down "Kidflix," a major pedophile platform, after an international investigation revealed 1.8 million users worldwide. Detectives have arrested 79 suspects and seized over 3,000 electronic devices, protecting 39 children from further abuse. The platform was sophisticated, with over 91,000 videos uploaded, some in high quality for a premium price.

A $2 billion investment into Binance from Abu Dhabi-linked MGX has set the stage for larger deals in the crypto industry, with VCs projected to invest $18 billion in crypto projects in 2025. Despite past market crashes, VCs are still actively seeking investment opportunities in the sector.