🗞️ Crypto News of the Week | 2–9 April 2025 🚀 📉 Bitcoin Drops 29% from January Highs! Bitcoin (BTC) is trading around $77,466, down nearly 30% from its January high of $109,225! 😱 The plunge follows rising trade tensions between the US 🇺🇸 and China 🇨🇳, sparked by new tariffs announced by Trump. Markets are jittery, and crypto isn’t immune... 🌀 ⚖️ US DOJ Disbands Crypto Task Force! Big shift in US crypto policy! 🔍 The Department of Justice has officially shut down its National Cryptocurrency Enforcement Team. Instead of chasing crypto firms, they’ll now focus on major threats like terrorism and organised crime. Some see this as a win for the US becoming more crypto-friendly 🏁 🇬🇧 Galaxy Digital Expands in the UK Mike Novogratz’s Galaxy Digital just secured a derivatives trading licence from the UK’s Financial Conduct Authority. They’re planning a big expansion into London’s financial scene, offering trading, advisory, and capital services. Bullish signal for institutional adoption in Europe! 💼💷 🏛️ Stablecoin Bill Moves Ahead in US The STABLE Act is picking up steam in US Congress 🇺🇸. The bill proposes a federal regulatory framework for stablecoins, aiming to protect consumers and support dollar dominance 💵. Critics, though, worry it could hand too much control to Big Tech 🏢👀 💼 Ripple Buys Hidden Road for $1.25B! Massive move by Ripple Labs! 🚀 They’ve acquired prime brokerage firm Hidden Road for a jaw-dropping $1.25 billion. This bolsters Ripple’s position in institutional DeFi, with plans to promote their new stablecoin RLUSD across markets 🌐 🎉 Fun Fact of the Week There are now over 17,000 cryptocurrencies in existence — and experts believe we could see 100,000+ tokens by the end of 2025! 🤯 From meme coins 🐸 to AI tokens 🤖