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Bitcoin Soars to $83,000 on Trump's Decision to Suspend Tariffs for Several Countries
On the evening of April 9, the price of Bitcoin began to rise rapidly against the backdrop of Trump's decision to suspend duties for a number of countries for 90 days. At night, the cost of the first cryptocurrency reached $83,460, but then rolled back a little. This is evidenced by data from CoinMarketCap.
At the time of writing, the price of BTC is about $82,160. Over the past day, the asset has grown by 6%. Other cryptocurrencies with the largest capitalization have also shown growth. Ethereum has risen to $1,600, over the past day, Ether has grown by almost 10%.
Binance Introduces Second Margin Asset LDUSDT
Cryptocurrency exchange Binance has introduced a second margin asset with LDUSDT rewards for its futures trading platform. The company noted that it is not a stablecoin.
According to the announcement, users will be able to convert USDT stablecoins locked in the Simple Earn program into LDUSDT for further use as margins for trading futures contracts.
At the same time, passive income in the form of an annual percentage rate (APR) will be preserved. The exchange did not name the exact launch dates for the product, noting that it will be available soon.
The company emphasized that LDUSDT is not a stablecoin. Like the previous such asset, BFUSD, it will only be used on Binance Futures.
“Users first sign up for the Simple Earn USDT Flexible Product to earn real-time APR. Since their USDT is locked, they can’t do anything with it until it’s redeemed. However, they now have the option to exchange their locked USDT for LDUSDT to trade futures while still earning APR,” a Binance spokesperson told The Block.
The company noted that the current APR is about 1.5%. As with the previous margin asset, it will never fall below zero.
This is a new move that follows the preliminary launch of BFUSD, Binance’s first margin-based reward-bearing asset. BFUSD allows users to earn profits (APY) through Binance’s hedging and investment strategies, generating funding income and staking rewards.
Investors Continue to Withdraw Capital from Spot Bitcoin and Ethereum ETFs
On April 9, 2025, the total net daily capital outflow from spot Bitcoin and Ethereum ETFs in the United States amounted to $138.31 million. The negative dynamics in these sectors lasted for five and two days, respectively, according to SoSoValue data.
Among the funds based on the first cryptocurrency, four products recorded an outflow:
- IBIT – $89.71 million; GBTC – $33.8 million; BTCW – $5.67 million; HODL – $4.65 million.
Inflow was recorded for only one position – BITB ($6.71 million). Trading volume for these products amounted to $5.3 billion.
The outflow of funds from the segment has been going on for five days in a row. During this period, funds based on the first cryptocurrency have lost $727.34 million.
The Ethereum-based ETF sector also saw an outflow. Two products recorded a loss of capital at the end of the trading day:
- FETH — $5.73 million; ETHA — $5.45 million.
The remaining positions closed the session with zero inflow/outflow.
US Senate Confirms Paul Atkins as SEC Director
The United States Senate has voted to confirm Paul Atkins as head of the Securities and Exchange Commission (SEC). Fifty-four senators voted in favor of Atkins' appointment, 44 voted against, and three did not vote.
It should be noted that at the end of 2024, US President Donald Trump confirmed the candidacy of Paul Atkins as the future head of the US Securities and Exchange Commission.
The politician then said that Atkins supports innovation and the markets associated with it, and also noted that the latter has experience in the field of digital assets.
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