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The yield on Japan's 2-year government bonds has climbed to 1.385%, its highest level in approximately 31 years, since May 1995.

BGF Retail, the operator of the CU convenience store chain, is joining a digital currency-based payment experiment with the Bank of Korea and Hana Bank, Edaily reported. The initiative aims to integrate 'deposit tokens' into everyday payment environments, with a focus on convenience stores. BGF Retail announced it has signed a memorandum of understanding (MOU) with the central bank and Hana Bank to advance the 'Deposit Token Pilot Project (Project Hangang Phase 2).' Project Hangang is a pilot program for a central bank digital currency (CBDC) and deposit tokens, with its second phase focused on expanding payment use cases in real-world consumer settings.

U.S. President Donald Trump has fired Attorney General Pam Bondi and appointed Deputy Attorney General Todd Blanche as acting attorney general, CoinDesk reported. While serving as deputy, Blanche dismantled the National Cryptocurrency Enforcement Team (NCET) and instructed prosecutors to exercise restraint in pursuing regulatory violation cases. His actions drew controversy at the time over potential conflicts of interest and ethics violations, as he held up to $470,000 in cryptocurrencies, including Bitcoin and Ethereum.

Austan Goolsbee, president of the Federal Reserve Bank of Chicago and a voting member of the FOMC this year, warned on April 2 that the economy is facing an oil price shock. He expressed concern about the poor timing of the shock, noting that it is pushing prices up again while inflation from last year's tariff shock has not yet subsided. Goolsbee said that if gasoline prices rise sharply in the short term, expectations for the 12-month inflation outlook will begin to increase significantly, which could put the Fed in a more difficult situation. He added that since the outbreak of war in Iran, rising oil prices have also increased business uncertainty and slowed the pace of hiring.

BTC mining firm MARA Holdings (MARA) has reduced its total workforce by 15% as part of a strategic shift toward energy and digital infrastructure, Blockspace reported. The company previously sold 15,000 BTC to repay convertible notes ahead of schedule.

CoinMarketCap's Altcoin Season Index has dropped six points from yesterday to 38. The index compares the price performance of the top 100 coins by market capitalization (excluding stablecoins and wrapped coins) against Bitcoin. If 75% of these coins outperform Bitcoin over the past 90 days, it is considered an altcoin season. Otherwise, it is deemed a Bitcoin season. A score closer to 100 indicates an altcoin season.

According to data from crypto options exchange Deribit, Bitcoin options worth $1.8 billion are set to expire at 8:00 a.m. UTC on April 3. The put/call ratio is 0.55, and the max pain price—the point at which the largest number of options buyers would lose their premiums—is $68,000. Additionally, Ethereum options valued at $300 million will expire at the same time. These have a put/call ratio of 0.73 and a max pain price of $2,075.

Top 5 Gainers (24h) - CTSI: +69.07% to $0.038, 24h volume of $149.17M - NTRN: +96.23% to $0.0035, 24h volume of $6.11M - SOLV: +40.52% to $0.0055, 24h volume of $344.81M - NOM: +38.79% to $0.0082, 24h volume of $327.66M - FITFI: +33.86% to $0.00067, 24h volume of $5.74M Top 5 Losers (24h) - STO: -49.74% to $0.2254, 24h volume of $1.39B - SXP: -44.44% to $0.0015, 24h volume of $1.22M - D: -38.83% to $0.0083, 24h volume of $54.73K - DRIFT: -31.02% to $0.0342, 24h volume of $74.03M - DUCK: -29.80% to $0.00033, 24h volume of $1.41M

The Crypto Fear & Greed Index from data provider Alternative has fallen three points from the previous day to 9, indicating that "Extreme Fear" continues to grip the market. The index measures market sentiment on a scale of 0 to 100, where 0 represents extreme fear and 100 signifies extreme optimism. The Fear & Greed Index is calculated based on several factors: volatility (25%), market volume (25%), social media mentions (15%), surveys (15%), Bitcoin's share of the total market cap (10%), and Google search trends (10%).

The spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot trading pair. The top section displays a Volume Heatmap, while the bottom shows the CVD. - The Volume Heatmap tracks trading volume at specific price levels. The background brightens when the price lingers in a range or moves significantly, with these brighter areas potentially acting as support or resistance. - The CVD indicator shows buy and sell orders categorized by size. A rise in a colored line indicates an increase in buy orders for that category. For example, the yellow line represents orders between $100 and $1,000, while the brown line tracks large orders from $1 million to $10 million.

The quantum-resistant cryptography blockchain Naoris Protocol has officially launched its mainnet, Decrypt reported. The core security design involves an irreversible transition: once an account adopts post-quantum cryptography (PQC) keys, any transactions attempted through traditional methods are automatically blocked.

Tether's fundraising round at a $500 billion valuation has entered its final stages, with the company asking investors to commit within two weeks, The Information reported.

According to the CME FedWatch Tool, the probability of the Federal Reserve holding interest rates steady at its April meeting is 99.5%, with a 0.5% chance of a 25 basis point hike. Looking ahead to June, the cumulative probability of a 25 basis point rate cut is 6.0%, while the chance of rates remaining unchanged is 93.5%. The cumulative probability of a 25 basis point hike is 0.5%.

According to a CEX.IO report, the stablecoin supply reached an all-time high of $315 billion in the first quarter. Stablecoins constituted 75% of total cryptocurrency trading volume, also a record high. The report noted that USDC supply increased by $2 billion while USDT supply decreased by $3 billion, marking the first clear sign of a reversal between the two since 2022. However, the report also raised concerns about a slowdown in real demand, as the market structure shifts toward algorithmic and arbitrage trading rather than organic demand. This is evidenced by a 16% decrease in personal transfers and bot activity accounting for 76% of trades.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

The three major U.S. stock indices closed mixed today. - S&P 500: +0.11% - Nasdaq: +0.18% - Dow Jones: -0.13%

BlackRock's IBIT has recorded a daily trading volume of $16-18 billion, Unfolded reported, citing data from Kaiko. This volume is comparable to that of Binance's spot trading and more than double the daily volume of Coinbase, which stands at $6-8 billion. The media outlet noted that the data shows regulated products have established themselves as a competitive alternative to cryptocurrency exchanges.

New York Fed President John Williams said energy prices have ripple effects on the economy, adding that it could take several months to a year for these impacts to pass through to the real economy.

JPMorgan has warned that there is a risk of oil prices exceeding $150 per barrel if disruptions to oil shipments in the Strait of Hormuz continue through mid-May.

Sui announced on X that Beep, its first agentic wallet and financial protocol, has expanded its range of tradable assets from seven to more than 300. The wallet's agent trader, "R-2.5," now supports not only cryptocurrencies but also stocks and commodities, automatically selecting the most optimal execution path for trades. All transactions are executed on-chain and settled on the Sui network.

The U.S. Commodity Futures Trading Commission (CFTC) has filed lawsuits against Arizona and Connecticut over prediction markets, expanding on a similar action previously taken against Illinois. The agency announced on its official website that the lawsuits against the three states are intended to reaffirm its exclusive jurisdiction over these markets. CFTC Chairman Michael Selig stated that the commission will protect its exclusive regulatory authority and shield market participants from overzealous state regulators.

Sadegh Larijani, Chairman of Iran's Expediency Discernment Council and brother of the late former Supreme National Security Council Secretary Ali Larijani, stated on social media yesterday that "the U.S. would be wise to refrain from futile actions." He declared that "the Strait of Hormuz will not return to its pre-war state." Larijani wrote that the changing situation in the region has moved beyond traditional warfare and is entering a critical phase of reshaping the global order and rebalancing power. He emphasized that Iran's current counter-offensive is not merely strategic but a struggle for civilizational survival.

Whale Alert reported that 361,353,370 USDC has been transferred from Coinbase Institutional to an unknown wallet. The transaction is valued at about $361 million.

U.S. fintech platform SoFi (SOFI) has launched "Big Business Banking," a corporate financial service that integrates both fiat and cryptocurrency management, Cointelegraph reported. The platform is designed to allow businesses to handle deposits, fund transfers, and payments within a single regulatory environment. This new service combines functions that were previously spread across traditional banks, custody providers, and cryptocurrency service firms.

Circle has announced the upcoming launch of its own wrapped Bitcoin, Circle Wrapped Bitcoin (cirBTC), via a post on X. The token will be backed 1:1 by Bitcoin (BTC) and is slated to be designed to allow for on-chain reserve verification.