Crypto News 1st April : Gemini Bankruptcy, Hang Seng Index, Pi Crypto Price , Ethereum Price live

Coinbase CEO Brian Armstrong says U.S. stablecoin laws need an upgrade. He believes users should be able to earn interest directly from stablecoins, just like an interest-bearing checking account. The tech already exists to make it happen, but current laws haven’t caught up. Right now, stablecoins can’t legally pass on interest from their reserve assets to users because they don’t have the same exemptions as traditional securities. Armstrong urges lawmakers to fix this gap and unlock stablecoin potential.

Bitcoin’s price is down even after Michael Saylor announced a $2 billion purchase—and here’s why. The market had already priced in this move, as MicroStrategy’s Bitcoin buying strategy was well-known in advance. While Saylor is accumulating, other major players are cashing out after Bitcoin’s impressive 100% gain in 2024. Plus, $2 billion isn’t enough to move the needle in a $1.7–$2 trillion market. The bigger picture lies in global liquidity trends, which had been tightening. That trend is now shifting, and once liquidity fully returns, Bitcoin is likely to break to a new level—but it might test your patience before that happens.

Tether has bought 8,888 Bitcoin worth $735 million in Q1 2025, following its strategy of investing 15% of quarterly profits into Bitcoin. The purchase was made on the last day of the quarter, with the BTC withdrawn from Bitfinex and added to reserves. Tether now holds 100,521 BTC, valued at approximately $8.29 billion—further cementing its position as one of the largest corporate Bitcoin holders.

A fake email is circulating claiming that Gemini has filed for bankruptcy. It urges users to withdraw funds to an Exodus wallet and even provides a seed phrase—this is a scam. Do not follow the instructions or share any information. Gemini has not confirmed any bankruptcy. Please spread the word to protect others who may have received this message. Stay alert and always verify news from official sources.