US Inflation Report on Friday Could Spark Bitcoin Rally in April
The upcoming U.S. inflation report, scheduled for release this Friday, could potentially trigger a Bitcoin rally in April. Investors and traders are closely monitoring inflation data, as lower-than-expected inflation figures could signal a more favorable environment for cryptocurrencies, particularly Bitcoin.
Movement Network to Buy Back Tokens with $38 Million Recovered from Rogue Market Maker
The Movement Network Foundation announced it will use $38 million recovered from a rogue market maker to repurchase MOVE tokens over the next three months. Binance had previously frozen the market maker’s proceeds after detecting irregular trading activities. The market maker reportedly sold 66 million MOVE tokens while providing minimal buy orders, netting $38 million in USDT. Binance promptly froze these funds and informed the Movement Network Foundation.
Trump Media Partners with Crypto.com to Launch ETFs
Trump Media has entered into a non-binding agreement with Crypto.com to launch a series of exchange-traded funds (ETFs) in the United States. The ETFs will focus on digital assets and securities with a “Made in America” theme. Pending regulatory approval, these ETFs will be available internationally, including in the U.S., Europe, and Asia, through Crypto.com’s broker-dealer, Foris Capital US LLC.
- ETFs will be accessible via the Crypto.com App to over 140 million global users.
- Partnership includes Trump Technology Group Corp (TMTG), operator of Truth Social and Truth.Fi.
DeFi Lender Nostra Pauses Borrowing After Price Feed Error
Nostra, a decentralized finance (DeFi) lending protocol on Starknet, has temporarily halted borrowing for two liquid staking tokens—xSTRK and sSTRK—due to a critical price feed issue. The error inflated token prices to approximately three times their actual value, potentially causing unnecessary liquidations of safe positions. Nostra has advised users to withdraw their collateral immediately, citing the absence of a secondary oracle as a significant risk factor.
- Borrowing against xSTRK and sSTRK collateral deposits has been disabled.
- Nostra emphasizes user fund safety as its top priority.
Quick Summary
- Upcoming U.S. inflation data could positively impact Bitcoin prices.
- Movement Network to repurchase MOVE tokens using recovered funds from rogue market maker.
- Trump Media and Crypto.com plan to launch “Made in America” ETFs.
- Nostra pauses borrowing due to critical price feed errors, urging users to withdraw collateral.
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