Analyst: The 180 day MVRV Z score indicates that BTC is not yet extremely overbought and is expected to rise significantly

According to BeInCrypto, Geoff Kendrick, head of digital asset research at Standard Chartered Bank, stated in an interview that the trend of Bitcoin as an inflation hedge tool is strengthening. Kendrick pointed out that Bitcoin is highly correlated with the Nasdaq index in the short term. He claimed that Bitcoin may not only be an inflation hedge tool, but more like a replacement for technology stocks: "Rather than seeing Bitcoin as a hedge against traditional financial (TradFi) problems, it is better to see it as a technology stock. If we create a hypothetical index that adds Bitcoin to the 'Big Seven' technology stocks and excludes Tesla, we will find that our 'Big Seven+Bitcoin' (Mag 7B) index not only has higher returns, but also lower volatility

According to Bitcoin.com, US Senator Ted Cruz recently announced the introduction of the FLARE Act, a federal proposal aimed at converting wasted energy into efficient use through targeted tax reform. This federal bill seeks to amend the 1986 Internal Revenue Code to provide for permanent full expending of property used to capture natural gas that would otherwise be burned or emitted and use it for value-added products. Cruz described this initiative as a strategic step to leverage the state's abundant energy supply and strengthen its leadership position in the digital asset sector. The congressman said, "I am committed to making Texas the preferred place for Bitcoin mining. The FLARE Act incentivizes entrepreneurs and cryptocurrency miners to use natural gas that would otherwise be stranded

According to the official website, Momentum Finance has now been integrated into the OKX Web3 wallet, allowing users to seamlessly access Momentum Finance and participate in on chain services such as currency exchange and liquidity provision through the OKX Web3 wallet. Momentum Finance is a decentralized trading platform designed to drive the growth of the Sui ecosystem, dedicated to driving innovation and user growth in the next wave of decentralized finance (DeFi). It is reported that as a leading one-stop Web3 portal in the industry, OKX Web3 Wallet supports over 130 popular public chains and provides a seamless experience across apps, plugins, web pages, and Telegram Mini Wallet, creating an efficient and convenient on chain interaction environment for users.

According to Foresight News, Arthur Hayes' family office Maelstrom tweeted that it has terminated its advisory relationship with Drift Protocol, and any articles or tweets mentioning the opposite are outdated and no longer hold its token.

On April 2nd, according to TheBlock, the US Securities and Exchange Commission (SEC) and cryptocurrency trading platform Gemini submitted a joint letter to the Southern District Federal Court of New York yesterday, requesting the judge to approve a 60 day suspension period for the lawsuit. Both parties will use this window of opportunity to explore potential solutions for the Gemini Earn cryptocurrency lending product lawsuit. The case began with a lawsuit in January 2023, in which the SEC accused Gemini of illegally selling unregistered securities through the Earn project and raising billions of dollars worth of cryptocurrency assets. A month before the submission of this motion, Cameron Winklevoss, co-founder of Gemini, revealed that the SEC had officially notified the end of its investigation into the trading platform and would not initiate enforcement proceedings. The SEC's shift in attitude is seen as a continuation of the Trump administration's cryptocurrency friendly policy. Since the 2024 presidential election, the SEC has gradually withdrawn lawsuits against cryptocurrency companies such as Coinbase, OpenSea, Immutable, and suspended multiple investigations. In early January of this year, Gemini reached a settlement with the US Commodity Futures Trading Commission (CFTC) for $5 million on false statement allegations.