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- Why this pump got canceled 😠
Why this pump got canceled 😠
Plus, ⛓️ Vitalik proposes EVM revamp, 🪙 TRUMP memecoin defies unlock, 📈 Staked Tron ETF filed, 👊 Trump tariffs hit bitcoin miners, and more!
Juan Aranovich
April 21, 2025
Hi! In today’s edition:
🔄 Bitget pops a pump
🧠 Vitalik floats replacing EVM
📈 TRUMP token’s unlikely rally
📃 Canary bids for Staked Tron ETF
⛏️ Trump tariffs squeeze bitcoin miners
TODAY: Tune in to Bits+Bips LIVE on YouTube or X!
The Financial Freedom Report explores the role currency and banking play in the civil liberties and human rights struggles of those living under authoritarian regimes and how Bitcoin is used to push back.
By Tikta and Steven Ehrlich
Crypto exchange Bitget temporarily suspended accounts suspected of manipulation on Sunday, pausing their trading, deposit, and withdrawal functions after identifying “abnormal trading activity” in the VOXEL/USDT perpetual futures market.
VOXEL is the native token of Voxie Tactics, a 3D turn-based tactical role-playing game built on Polygon.
The token shot up 127% in just two hours on Sunday, followed by another 100% spike over the next four hours. It peaked at $0.13 before dropping back to $0.08 as of 4:30 a.m. ET on Monday.
VOXEL’s daily trading volume surged past $12.7 billion — exceeding even bitcoin's trading volume on the platform during that period.
“To ensure a fair and secure trading environment, Bitget will initiate a rollback of irregular trades within 24 hours, take necessary measures, and lift restrictions accordingly,” Bitget said, adding that affected users would be offered a compensation plan.
Ethereum co-founder Vitalik Buterin proposed a major overhaul of Ethereum's execution layer on Sunday: replacing Ethereum virtual machine contract language with RISC-V instruction set architecture.
Buterin argued that the EVM, although foundational to Ethereum, had become a bottleneck for scaling, especially as the network faced competition from newer, high-throughput blockchains.
RISC-V is an open-source, widely adopted processor architecture that is already used for simulating the EVM in zero-knowledge proof systems.
The proposal comes as Ethereum faces declining network fees and reduced base-layer usage, with average transaction fees dropping to their lowest level since May 2020.
U.S. President Donald Trump’s official TRUMP memecoin surged close to 15% in the 24 hours following a major $320 million token unlock that expanded the circulating supply by 20% during Easter weekend.
TRUMP rose from around $7.54 pre-unlock to $8.60, but is overall down around 90% from its January all-time high of $75.35.
The price action defied typical market expectations of a selloff due to increased supply, although the token’s price has since settled at around $8.30 as of 4:00 a.m. ET on Monday.
Data compiled by pseudonymous source @seoul on Dune show that 638,899 TRUMP token holders are currently onchain, among which just 12,993 addresses hold more than $1,000 worth of the token.
Crypto-focused investment manager Canary Capital has filed a registration statement with the U.S. Securities and Exchange Commission (SEC), seeking approval to launch a first-of-its-kind spot exchange-traded fund (ETF) for native Tron asset TRX that includes staking capabilities.
The Canary Staked TRX ETF would hold spot TRX tokens and stake a portion of them through one or more staking infrastructure providers, allowing investors to earn additional yield from staking rewards.
BitGo will be the custodian for the ETF’s TRX holdings, while CSC Delaware Trust will act as the trustee.
Details of the ETF’s ticker symbol and management fee are yet to be disclosed.
The SEC has yet to make a decision on Ethereum ETF issuers seeking to include staking in their spot ETH fund proposals.
Donald Trump said at a 2024 campaign event that he wanted all remaining bitcoin — about 1.15 million units out of the original supply of 21 million — to be mined in the U.S.
Although that pledge was impractical, and at odds with Bitcoin’s decentralized ethos, the message was clear: the U.S. was going all in on bitcoin mining.
Fast-forward to April 2025, and the pledge seems downright silly. As a result of his unprecedented policy of so-called “reciprocal” tariffs against virtually every American trading partner around the globe, Trump’s administration has dealt a gut punch to the beleaguered crypto industry.
So, with skyrocketing costs, shifting strategies, and global relocations underway, can the U.S. mining dream survive — or will it all be relocated overseas?
🧱 Doomsday-themed, Solana-based NFT project Meatbags plans to raise $1.4 million by selling 100,000 NFTs to buy a Cold War-era nuclear bunker in England, with ownership and future use of the property to be governed by a DAO.
🧯 The Bank for International Settlements called for tighter controls on crypto’s integration with TradFi, warning of systemic risk spillover, prompting a backlash from industry leaders who criticized the report as outdated and alarmist.
💱 Kraken introduced FX perpetual futures for EUR/USD and GBP/USD on Kraken Pro, expanding 24/7 crypto-style trading to foreign exchange markets as part of its broader move into traditional finance.
📉 A new Aptos proposal would lower staking rewards from 7% to 3.79% over three months to push users toward more productive onchain activity, although concerns remain about its impact on smaller validators and network decentralization.
⏱️ Arbitrum’s new Timeboost auction system generated $2,491 in DAO revenue on its first day by allowing users to bid for transaction priority, shifting maximal extractable value profits from searchers to the protocol while laying the groundwork for decentralized sequencer integration.
📜 The DeFi Education Fund on Friday urged the SEC’s new crypto task force to adopt a “safe harbor” framework proposed originally by Commissioner Hester Peirce, offering decentralized projects a multi-year exemption period to meet transparency and decentralization benchmarks while broader legislation is developed.
💰 Abraxas Capital has acquired nearly 3,000 BTC worth more than $250 million since April 15, joining a wave of public and private entities increasing their bitcoin holdings amid discounted market prices.
