Markets declined Friday after China announced 125% tariffs on U.S. goods starting April 12, following the U.S. president’s selective 90-day tariff pause that excluded China. Ripple acquired Hidden Road for $1.25 billion, while Binance continue deal talks with Trump’s crypto company.

The markets are still digesting last week’s sweeping tariff announcements. Meanwhile, USDC issuer Circle has taken a significant step towards a public listing by filing for an IPO on the NYSE. Additionally, First Digital Trust’s FDUSD briefly lost its peg due to insolvency concerns.

Bitcoin fell alongside equities as hotter-than-expected U.S. inflation data and weak sentiment indicators fueled stagflation fears on Friday. Meanwhile, Crypto.com announced that it will support Trump Media’s upcoming ETF offerings, and GameStop experienced volatility after doubling down on Bitcoin.

Risk assets, including crypto, experienced gains in the early hours of Monday as concerns over the upcoming April 2nd tariffs eased. In other news, Kraken acquired a futures exchange for $1.5 billion, the U.S. Treasury lifted economic sanctions on Tornado Cash, and the SEC dropped its appeal against Ripple.

Bitcoin bucked its downtrend last week adding 3% while the S&P 500 briefly entered correction. Binance secured its first institutional investment from Abu Dhabi’s MGX group, the largest ever single investment in a crypto firm at over $2bn. Elsewhere, Coinbase prepares for 24/7 BTC and ETH futures trading, as traditional platforms jostle to offer round the clock services.

Bitcoin experienced sharp swings last week after President Trump announced a less ambitious-than-expected strategic crypto reserve. Meanwhile, the U.S. imposed tariffs on Canada and Mexico but later granted temporary partial exemptions until next month. In another development, the SEC dropped its case against Kraken, potentially paving the way for its IPO.

This week, we’re analyzing the Kaiko 10 Index (KT10), part of our multi-asset Blue Chip indices. With a compound annual growth rate of nearly 60% since inception, the index offers a competitive returns that capture the broader markets performance without sacrificing.

After one of the most volatile weeks in crypto, Bitcoin has stabilized above $90K, boosted by US President Donald Trump’s announcement of the creation of a strategic crypto reserve. Meanwhile, OKX’s operator pleaded guilty to U.S. anti-money laundering violations and agreed to a $505 million penalty, and the SEC closed its investigation into Uniswap Labs.

This week, we’re looking at the Kaiko DeFi Index, part of our family of sector-based indices. The Kaiko Indices DeFi index offers strong sector exposure while diversifying across key growth verticals.

Despite the SEC dropping its case against Coinbase and Robinhood, and Brazil approving the first spot XRP ETF this week, positive sentiment was short-lived. Bybit suffered what could be the largest hack of any institution—crypto exchange, bank, or otherwise—on Friday, with $1.4 billion worth of ETH and ETH derivatives stolen. Due to the magnitude of this hack, we’ve made this a special edition of the Debrief to address all the critical details.

This week we’re looking at one of Kaiko Indices Blue Chip product, the Kaiko 5 Index. The benchmark tracks the top five assets in our list of vetted tokens, while still offering diversified returns.

Markets shrugged off a hotter-than-expected U.S. CPI last week. Meanwhile, Abu Dhabi’s sovereign wealth fund revealed it had invested in Bitcoin, the SEC and Binance sought a 60-day pause in their lawsuit, and Argentine President Javier Milei’s brief support for the LIBRA token sparked controversy.

This week we’re looking at one of Kaiko Indices newest products, the Kaiko EAGLE Index. This is our first regional index and asset selection wasn’t sector specific. As such it includes Layer-1 assets, a meme coin and a utility token.

Markets stabilized after a speedy resolution to tariff disagreements in North America. The US is exploring the creation of its own sovereign wealth fund, while regulator and crypto czar David Sacks envisages a “golden age” for digital assets.

This week we’re launching something new, the Kaiko Index in Focus. In our first edition we’re looking at the Kaiko Layer-2 Index, a sector index tracking L2s across Bitcoin and Ethereum.

Fears of an escalating trade war are weighing on Bitcoin and other risk assets after the U.S. imposed tariffs on China, Canada, and Mexico, prompting retaliation from Canada. Meanwhile, the SEC has approved another joint BTC and ETH ETF, and Trump-affiliated product websites have begun accepting TRUMP and MELANIA tokens as payment.