Crazy April Updates

This Week in Crypto

Crypto just sprinted through SEC drama and somehow came out stronger?

Here’s your full breakdown — explained so even your baby cousins might get it.

Macro Moves: What’s Going On with the Markets?

Crypto’s Highs & Lows

• Bitcoin (BTC) climbed to $94,000 — flirting with previous highs. It's now up 11% this week.

• Ethereum (ETH) is still hanging in above $1,800. Ethereum is a horrible failing project in my opinion, I recommend shorting it over a 10 year contract. Not financial advice!

• Gold hit an all-time high at $3,500. Investors are spooked about the U.S. economy and want assets that feel “safe.”

• Altcoins & Memecoins (everything that’s not Bitcoin) all in the shit hole, they suck, please stop buying them.

TLDR: When the economy looks shaky, people pull out of stocks and look for “stores of value” like gold.

Meanwhile, Stocks Got Wrecked

• S&P 500 dropped 8% this month

• Nasdaq dropped 10% this month

• This came after Trump doubled down on tariffs, hopefully they do not get worse

• Powell basically said “we’ll wait and see” before making rate changes. We might be cooked, like very cooked…

Regulation & Politics: The Government Actually Did Something?

🪙 SEC Appoints a Crypto-Friendly Chair

The SEC (Securities & Exchange Commission) just appointed Paul Atkins who isn’t anti-crypto — that’s huge. Crypto products should get a bigger push as we have someone who supports them.

States Are Going Bitcoin-Pilled

• Arizona is debating using Bitcoin as a reserve asset, a digital assest.

• Panama is letting people pay public services in crypto.

Big Buys, Bigger Bags

• BlackRock + MicroStrategy now collectively own 2.7%+ of all Bitcoin. That’s insane.

• Michael Saylor just dropped another $555M on BTC. If you’re wondering who moves the market — it’s whales like him. What’s a whale you might be asking?

  A whale is basically a super rich guy who can literally make the price of coins move single handedly, insane right?

• Circle, the company behind USDC, is coming after Visa and Mastercard with a new payment product. Visa and Mastercard better get ready, they have been huge monopolies in the space for too long now.

Quick Lesson: Meme coins pump fast… and dump even faster. Please stop falling for rug pulls. Here at RugProof thats our whole mission!

VC, Startups & New Launches

Crypto is moving into the venture capital, startups, and tech launches too.

💼 Notable Deals

• Auradine raised $153M for Bitcoin mining hardware.

• OpenZK, ORO AI, Wunder.Social, Solix, Hyperion — all pulled fresh VC funding to build in Web3, DePIN, and AI x blockchain. Web3 is the future.

📉 Chart of the Week: Bitcoin vs Gold vs Nasdaq

As gold and BTC rise, stocks fall, crypto’s finally standing on its own.

What’s Coming Up?

• Final SEC decisions on ETH ETF approvals

• More state-level Bitcoin bills (yes, that’s a thing now)

🫡 Final Thoughts

Crypto used to be a fringe internet experiment. Now it’s entangled with politics, billionaires, central banks, and meme culture — all at once.

So whether you're stacking bread, degen farming, or just watching from the sidelines — you're living in it. Welcome to the most chaotic, fascinating financial revolution of our time.

Stay Degen and Stay Curious 🛡️

Disclaimer: The information provided in this newsletter is for educational and informational purposes only. It should not be considered financial or investment advice. Cryptocurrency investments are volatile and risky, and you should consult with a licensed financial advisor before making any investment decisions. The authors and contributors of this newsletter are not responsible for any losses or gains made based on the content herein. Always do your own research (DYOR).

— Team Rug Proof