April 10th Market Key Insights, How Much Did You Miss?

Featured News

1.Data: The Previous 4 Violent Rebounds of US Stocks Were All "Last Gasp" Moments in Bear Market Crises

2.Some Solana Ecosystem Meme Coins Rebound, VINE Surges by 44.6% in 24 Hours

3.sUSD Continues to Depreciate, Currently Priced at $0.85122

4.OpenAI Countersues Musk, Accusing Him of Using Media Attacks and Other Means to Disrupt Company Operations

5.Binance Wallet's Current TGE Event Adds New Rule: Binance Accounts Must Hold Assets Equivalent to or Greater Than $100 for 7 Consecutive Days Prior to TGE Start Date

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

FARTCOIN: FARTCOIN has seen a significant surge in popularity and price, drawing comparisons to past meme coin rallies (e.g., PEPE). Despite not yet being listed on major exchanges, the coin has achieved notable trading volume and market attention, with many predicting further growth. The rise of FARTCOIN is attributed to its strong "playability" and high community involvement, coupled with recent market events (such as the 90-day tariff suspension). Discussions highlight its astounding price increase, with some traders reporting significant profits and believing the coin is poised to reach new highs.

ME: Magic Eden has acquired Slingshot Crypto, sparking widespread discussion on Twitter. This acquisition is seen as a strategic expansion into the realm of crypto trading, allowing users to trade tokens across multiple blockchains without the need for cross-chain bridges. This positions Magic Eden as a strong competitor to centralized exchanges, with Slingshot's technology bringing a seamless trading experience. The announcement has generated enthusiastic responses, with many optimistic about Magic Eden's potential to dominate both the NFT and token trading markets.

PEPE: Today, the discussion on Twitter about PEPE has focused on its significant price movement—rising 10% in the past 6 hours, triggering comparisons to other meme coins like Fartcoin and MOG. The community appreciates PEPE's ability to maintain price stability during market fluctuations, contrasting it with mainstream cryptocurrencies like BTC and ETH. Furthermore, PEPE frequently appears in various meme art pieces and is closely tied to internet culture, which continues to boost its popularity. The discussion also delves into PEPE's historical performance and future growth potential, with some users expressing regret about not investing early on.

Featured Articles

1. "Trump's 'Pump Tweet' Causes Stock Market to Soar by $2 Trillion: Is the Tariff Delay a Market Bottom or a 'Whale's' Retreat?"

Just the day before, Trump had dropped a bombshell by imposing a 104% tariff on China, intensifying the global stock market's decline. Today, he tweeted another major announcement: due to China's unfair trade practices, the U.S. will impose a 125% tariff on Chinese imports, effective immediately. On the other hand, for over 75 countries not taking retaliatory measures, he has set a 90-day tariff suspension period, currently imposing only a 10% equivalent tariff, aimed at encouraging trade negotiations.

2. "'Antique Stablecoin' Depegs Overnight, Evaporating $18 Million: Can Synthetix's sUSD Still Bottom Out?"

The crypto world is ever-changing, and the word "stable" in stablecoins often faces many challenges. On April 10, the stablecoin sUSD in the Synthetix ecosystem experienced a significant peg loss, with the lowest price dropping to $0.834, now trading at $0.860, deviating approximately 14% from its $1 anchor. This rapid fluctuation quickly sparked community discussions, with many fearing it is a signal of a new stablecoin crisis.

On-chain Data

Weekly On-chain Fund Flow for April 10