Key Takeaways

• – Markets Rebound, But Risks Remain: Global equities and crypto rallied after Trump paused broad tariffs—but China still faces a 125% duty, keeping geopolitical tension high.
• – Bitcoin & Ethereum Bounce Back: BTC jumped over 7% to $82K, while ETH soared nearly 12% to $1,620, as traders responded to macro relief and ecosystem momentum.
• – Web3 Builders Keep Shipping: Projects like Initia, Fogo, and Succinct are gaining traction ahead of token launches, signaling builder confidence despite market noise.
• – Crypto Twitter Drops Alpha: Thought leaders highlighted zero-knowledge trends, EigenLayer restaking, altcoin narratives, and Snapchain’s bold approach to scaling social dApps.

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Welcome to the April 10, 2025 edition of The Daily Digest Powered by XT.COM—your go-to rundown of everything moving the markets, the crypto charts, and the Web3 world. It’s been a wild ride lately, but today brought a much-needed pause (literally). President Trump’s unexpected 90-day tariff freeze sparked rallies across global markets and gave crypto a shot in the arm, with Bitcoin and Ethereum leading the bounce. But don’t get too comfy—under the surface, there’s still plenty of tension. From fresh macro shifts to new tech launches and spicy Twitter threads, here’s everything you need to know, all in one scroll.

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Table of Contents

Macro Overview

Crypto Price Overview

Top Macro News

Top Crypto News

Must-Read Web3 Analyses

Crypto Twitter Buzz

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Macro Overview

Markets may be breathing easier today, but don’t mistake the rally for a return to normal. After a wild few days of selling pressure, President Trump’s unexpected 90-day pause on broad reciprocal tariffs triggered a sharp rebound across global equities. Asian stocks posted their biggest gains in more than two years—Japan’s Topix shot up 7.5%, and Australia’s ASX 200 jumped nearly 5%. Even European futures rallied over 7%. But back in the U.S., futures dipped about 0.8%, signaling that investor nerves haven’t fully settled.

S&P 500 Futures Image Credit: TradingView

The relief rally comes after serious stress in the bond market, where U.S. 10-year Treasury yields had surged 34 basis points in just three days—enough to set off alarms across global finance. Yields finally cooled to 4.27%, and while that’s a welcome breather, the volatility lingers. Trump’s about-face on trade, sparing most countries while doubling down on China with a 125% tariff, suggests the White House is feeling the pressure from Wall Street’s reaction.

Investors are cautiously optimistic. “Trump blinked,” one strategist put it, and markets are hoping that means the worst might be over. China, meanwhile, is expected to roll out more stimulus to cushion the blow, which helped lift mainland stocks—even as the yuan slipped to a 2007 low. Traders are now betting on monetary easing from Beijing to shore up growth.

Still, the outlook is far from stable. Oil prices fell as traders questioned the sustainability of the rebound, and gold edged higher as a hedge against further shocks. Volatility in bonds from Tokyo to Sydney shows just how jittery the global mood remains.

Bottom line? This rally feels more like a sigh of relief than a turning point. With U.S. futures still under pressure, markets are celebrating—but keeping their seatbelts fastened.

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Crypto Price Overview

Crypto markets came roaring back to life on April 10, 2025, riding the wave of global market relief after President Trump announced a 90-day pause on sweeping tariffs. The news injected fresh confidence into risk assets—and Bitcoin and Ethereum led the charge.

Bitcoin (BTC)

Bitcoin price jumped over 7% to trade around $82,000, recovering from earlier lows near $75,900. Traders welcomed the break in macro pressure, with some calling this a “technical reset” after days of uncertainty. Despite lingering volatility, sentiment around BTC price feels cautiously optimistic as it eyes a push back toward recent highs.

BTC/USDT Image Credit: TradingView

Ethereum (ETH)

Ethereum price had an even stronger day, soaring nearly 12% to settle around $1,620. The rally was driven by renewed interest in Ethereum’s ecosystem ahead of upcoming network upgrades, alongside broader market momentum. ETH price traded as high as $1,679 during the session.

ETH/USDT Image Credit: TradingView

Other Movers to Watch

• – BNB climbed to $577, up 5.1% on the day.
• – XRP surged to $2.00, marking an 11% jump.
• – Cardano (ADA) gained 9.5%, landing at $0.617.
• – Solana (SOL) popped nearly 10% to $115.63.

With macro fears temporarily easing, crypto enjoyed a brief relief rally—but traders are keeping one eye on global headlines and the other on key resistance levels.

Image Credit: CoinStats

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Top Macro News

Trump’s Surprise Tariff Pause Calms Markets—for Now

In classic Trump fashion, a dramatic reversal stole the spotlight. Just hours after sweeping tariffs took effect, the president hit pause—announcing a 90-day break for most countries. The move came after market chaos, recession warnings from JPMorgan’s Jamie Dimon, and pressure from allies like Elon Musk. Markets breathed a sigh of relief, but China didn’t get the same treatment—tariffs on Chinese goods were bumped up to a hefty 125%.

Fed Keeps Its Cool

While markets flinched, the Fed didn’t. Chair Jerome Powell and other central bank officials made it clear: they’re not cutting rates just yet. Inflation’s still running above target, and with the job market holding steady, the Fed’s playing the long game—focused on keeping inflation expectations in check, not rescuing short-term sentiment.

China Plans Its Countermove

Beijing isn’t taking the hit lightly. China’s top leaders are huddling to map out fresh stimulus—eyeing support for housing, consumer spending, and tech. The yuan fell to its weakest level since 2007, even as Chinese stocks bounced on stimulus hopes. Meanwhile, China slapped an 84% retaliatory tariff on U.S. goods.

CSI 300 Image Credit: TradingView

Japan Wants More Than a Timeout

Japan welcomed the tariff pause but says it’s not enough. Key sectors like autos and steel still face a punishing 25% tariff. Tokyo is pushing for deeper relief and weighing domestic measures to soften the blow.

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Top Crypto News

Magic Eden Makes a Play for On-Chain Trading with Slingshot Deal

Magic Eden, one of the leading NFT marketplaces, is expanding beyond digital collectibles with its acquisition of decentralized trading platform Slingshot. The goal? To deliver a streamlined, on-chain trading experience that feels just as smooth as centralized exchanges—without the hassle of bridging or switching apps. Magic Eden’s upcoming integration will allow users to trade tokens directly across multiple blockchains. CEO Jack Lu called it “a major step toward making DeFi feel simple and accessible,” signaling the platform’s broader ambition to be a hub for all things crypto.

Babylon Genesis Chain Launches, Brings Bitcoin to PoS

Babylon’s big day arrived. On April 10 at 6:00 PM Beijing time, the Babylon Genesis Chain officially launched—marking Phase 2 of the project’s roadmap. Designed to bring Bitcoin into the Proof-of-Stake world, Babylon lets BTC holders stake without moving their coins. Validators and finality providers are now live, and early supporters received BABY tokens via airdrop. With staking already enabled, Babylon aims to bridge Bitcoin’s security with the flexibility of PoS networks.

Vitalik’s New Take on L1 vs. L2

Ethereum’s co-founder Vitalik Buterin shared his vision for the evolving roles of L1 and L2. As Layer 1 continues scaling, he expects Layer 2s to focus on hyperscale, faster transaction ordering, and experimentation with new virtual machines—paving the way for a more modular and efficient Ethereum ecosystem by 2026.

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Must-Read Web3 Articles

Hottest Projects Nearing Token Launches

Looking for the next big token before it hits your feed? Ignas from DeFi Research rounded up a few standout projects that are gaining traction fast. Initia leads the pack—a modular Layer 1 that seamlessly fuses its own Layer 2s (called “Minitias”) into a single, app-chain-friendly ecosystem. It comes with native bridging, a Move-based DEX, and “enshrined liquidity” mechanics designed to lock ecosystem tokens into INIT pairs, driving value back into the network.

Then there’s Fogo, pitching itself as the fastest Layer 1 on the block. Built on the Firedancer client from Jump Crypto (which even Solana hasn’t rolled out yet), Fogo is built for ultra-low latency and institutional-grade use cases like high-frequency trading. Rounding out the list is Succinct, tackling the complexity of zero-knowledge proofs by offering a marketplace where developers can outsource proof generation. Backed by Paradigm and partnered with Celestia, Polygon, and others, it could be the infrastructure glue for ZK-powered apps across Web3.

Dive-in: https://www.ignasdefi.com/p/top-5-hot-projects-and-their-upcoming

Ethereum’s L2 Dilemma: Scaling Gains, Value Pains

A recent Coin Metrics deep dive reveals Ethereum’s Layer 2s are thriving—but it’s coming at a cost. Rollups like Base are making millions while mainnet fees and ETH burn are dropping, raising questions about long-term value capture for ETH. As blobspace made settlement cheaper in the Dencun upgrade, attention now turns to Pectra, set for May, which will double blob capacity and potentially reignite L1 demand.

Dive-in: https://coinmetrics.substack.com/p/state-of-the-network-issue-306

Image Credit: Coin Metrics

Bitcoin’s Balancing Act: Utility vs. Store of Value

Post-halving, Bitcoin miners are staying afloat thanks to better hardware and renewable energy sources, but fee revenue remains low. While L2 adoption like Lightning inches forward, Bitcoin’s store-of-value narrative keeps growing—63% of BTC is now held long-term. The challenge ahead? Scaling transaction utility without losing the digital gold crown.

Dive-in: https://coinmetrics.substack.com/p/state-of-the-network-issue-304

Image Credit: Coin Metrics

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Crypto Twitter Buzz

🔍 Shivanshu Madan on the Future of ZK

Shivanshu kicked things off with a must-read thread on the zero-knowledge (ZK) stack. From provers to rollups, he mapped out how ZK tech is evolving into a modular ecosystem—and which projects are leading the charge. If you’re trying to decode the ZK rabbit hole, this thread is your cheat sheet.

Jump-to-Tweet: 👉 https://x.com/ShivanshuMadan/status/1909637635167125970

🔄 Stacy Muur Talks Restaking & EigenLayer

Stacy dropped a sharp breakdown on EigenLayer and the growing restaking narrative. She explained how ETH holders can boost their yields while reinforcing security for emerging protocols. TL;DR—restaking is becoming a core primitive, and you don’t want to sleep on it.

Jump-to-Tweet: 👉 https://x.com/stacy_muur/status/1909265678139588788

🚀 S4mmyEth Predicts a Supercycle

S4mmy stirred up the bulls with his “supercycle” thesis. He pointed to Solana’s meme coin surge, booming L2 usage, and token incentives as fuel for what could be a full-blown run. His charts? 🔥. His vibes? Even hotter.

Jump-to-Tweet: 👉 https://x.com/S4mmyEth/status/1905278341088698520

🧠 Ruii on Snapchain & Social Scaling

Ruii took us deep into Snapchain’s architecture, calling it the “Farcaster chain we didn’t know we needed.” With features like sharding and pruning, Snapchain is built for speed and scale—and might just become the go-to chain for Web3 social.

Jump-to-Tweet: 👉 https://x.com/ruiixyz/status/1904637841608409095

💎 Harris Shares His Q2 Alpha

Bridge Ventures’ Harris served up a spicy Q2 watchlist, spotlighting altcoin narratives like decentralized infra, AI x DePIN, and modular networks. It’s the kind of thread that makes you want to open CoinGecko right now. Degens, take notes.

Jump-to-Tweet: 👉 https://x.com/bridge__harris/status/1904935626874773944

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Conclusion & Outlook

Today’s rally might’ve brought a sigh of relief, but it’s not time to exhale just yet. Markets reacted quickly to Trump’s tariff pivot, but with China still in the crosshairs and inflation sticking around, the bigger picture remains murky. Crypto caught the upside, with BTC and ETH bouncing hard—but seasoned traders know this kind of rebound can be short-lived.

On the Web3 side, the energy is different. Projects like Initia, Succinct, and Snapchain are building like it’s a bull market already. Token launches are lining up, infrastructure is evolving, and the L1 vs. L2 conversation is getting sharper by the day.

As we head into the next cycle, the message is simple: stay sharp, stay curious, and don’t let the noise distract you from the signal. Whether you’re here to trade, build, or just keep up, The Daily Digest has your back—same time tomorrow.

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Quick Links:

• – April Economic Calendar for Crypto Traders
• – Trade War & the Emergence of a Crypto Strategic Reserve: What to Expect
• – Top 9 Crypto Narratives Shaping 2025: AI, DeFi, Tokenization, and More
• – Beyond the Candlesticks: How On-Chain & Macro Factors Drive Bitcoin’s Growth
• – Ethereum Pectra Upgrade Breakdown: Account Abstraction, Staking, and More
• – Monad Blockchain Explained: A Faster, Scalable Alternative to Ethereum

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