Crypto Chronicles: China And America

1-Due to tariff-driven uncertainty, crypto investors are fleeing spot bitcoin and Ethereum ETFs.

U.S.-listed spot bitcoin (BTC) and ether (ETH) ETFs suffered withdrawals Wednesday despite rising prices after President Donald Trump proposed a 90-day tariff moratorium on most nations, barring China.

The 11 bitcoin ETFs dropped $127.2 million Wednesday, including $89.7 million from BlackRock's IBIT, according to Farside Investors. On Wednesday, the funds lost $722 million for the fifth day in a row.

Nine ether ETFs lost $11.2 million Wednesday as investors lost interest in them.

The U.S.-China trade tensions and bond market volatility likely spurred macro investors to sell everything, including crypto ETFs, for cash, lowering demand.

After Trump proposed a 90-day tariff truce for more than 75 countries that did not respond to his broad levies a week earlier, markets rose dramatically. China, which recently imposed heavy retaliatory tariffs on U.S. exports, did not receive any reprieve as Trump raised the overall duty on Chinese imports to 125%.

Bitcoin, the biggest cryptocurrency by market value, surged over 8% to $83,500, while ether, the Ethereum blockchain's native token, rose 13% to $1,770 with greater altcoin increases, CoinDesk statistics indicate. Nasdaq 100, Wall Street's tech-heavy index, rose nearly 12%, its greatest single-day increase in decades.

2-The United States Senate Confirms Atkins as SEC Administrator, Replacing Gensler

The nation's securities industry, including any role played by the crypto sector, will be overseen by Paul Atkins, who is only one oath away from becoming the head of the U.S. Securities and Exchange Commission as President Donald Trump's nominee.

The digital assets industry views the former SEC commissioner as a good friend due to his extensive expertise advising crypto businesses as a financial-services consultant in Washington, and they are cheering on his impending swearing-in as head of the prominent regulator. With a simple 52-44 vote on Wednesday, Atkins' nomination was readily approved by the Senate.

3-The second round of Binance's Vote to Delist now includes seventeen tokens, including GPS, JASMY, FTT, and VOXEL

As part of its continuous endeavor to increase transparency and empower the community, Binance launched the Vote to Delist initiative. In a notification made public on April 10th, the platform listed the following tokens as potentially delisted: FTT, JASMY, VOXEL, GPS, ZEC, STPT, ARK, ARDR, MBL, PERP, NKN, WING, LTO, FLM, BSW, ALPACA, and PDA.

The voting period begins at 4:00 UTC on April 10 and ends at 23:59 UTC on April 16 via Binance Square. To participate in the vote, users need to have their Binance account validated and have at least 0.01 BNB on hand during that time. Users may cast one vote per project and a maximum of five tokens per user.

It was made clear by Binance that community comments would be considered, but that the vote's conclusion will not be the only determinant. In addition to project activity, liquidity, team response, and regulatory concerns, other factors will be considered when deciding to delist.

4-Legislator from New York introduces bill to investigate potential use of blockchain technology in American elections

Officially, Assembly Bill AA7716, introduced by New York State Assembly member Clyde Vanel, seeks to investigate the potential of blockchain technology to secure both individual voter information and the integrity of election outcomes.

The Assembly Election Law Committee is now reviewing the measure in preparation for a vote by the full Assembly. Before it can be evaluated and approved by the state governor, it must first progress via the Assembly and the state level.

The bill proposes that the New York State Board of Elections undertake a formal study to determine the potential uses of blockchain technology in American elections, with a focus on safeguarding voter data and promoting openness in relation to election outcomes.

In order to comply with the law, the New York State Board of Elections must work with the Office of Information Technology Services and seek advice from specialists in blockchain, cybersecurity, election systems, and voter fraud.

References

https://www.coindesk.com/markets/2025/04/10/crypto-investors-flee-spot-bitcoin-ether-etfs-on-tariff-driven-uncertainty

https://www.coindesk.com/policy/2025/04/09/atkins-confirmed-by-u-s-senate-to-take-over-sec-formerly-run-by-gensler

https://crypto.news/new-york-rep-files-bill-to-explore-how-blockchain-tech-can-be-used-in-u-s-elections/

https://crypto.news/binance-adds-17-tokens-to-its-second-vote-to-delist-round-featuring-jasmy-ftt-voxel-and-gps/