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Sumitomo Mitsui Financial Group, the parent company of Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation, plans to launch its own stablecoin. The stablecoin project, according to a report published on April 1, 2025 by Nikkei, will be a collaboration between the banking giant and crypto projects Avalanche ( AVAX ) and Fireblocks. Specifically, the report highlights that SMBC is teaming up with Ava Labs, the developer team behind the Avalanche blockchain. SMBC’s reported stablecoin venture follows a prior move in 2024 that involved the Sumitomo Mitsui Financial Group and two other Japanese financial services and banking behemoths, the Mitsubishi UFJ Financial Group and the Mizuho Financial Group. The partners were said to be eyeing a pilot for a cross-border stablecoin transfer venture, set to involve Progmat and Datachain. In the latest report, Nikkei says SMBC will join forces with Japan -based information technology firm TIS. The partnership aims to conduct trials for the new stablecoin project in the fourth quarter of 2025 or early 2026. If successful, live issuance is expected to follow later in the year. SMBC, like other banks turning to stablecoins for improved functionality and instant money transfers, is not new to the blockchain space. In February 2019, the bank’s tech team completed a blockchain proof of concept for payment commitments on Marco Polo trade finance, a platform developed by R3. SMBC was part of a consortium that included Commerzbank, BNP Paribas, Anglo-Gulf Trade Bank, Standard Chartered Bank, and Danske Bank. On the back of the R3 Marco Polo trade initiative, SMBC inched further into the blockchain ecosystem with another deal. It sought to digitize its trade finance offering with a blockchain touch, this time joining hands with Singapore-based Contour in July 2020. These efforts have now evolved into stablecoin development, which is drawing increasing interest across the financial services industry. This includes major banks like JPMorgan and Citi, which have made significant strides using permissioned blockchains.

Nansen Research has highlighted the macroeconomic factors and cues this week that the firm says could confirm the probability of a crypto bottom between April and June. Nansen principal researcher Aurelie Barthere shared the outlook on April 1, 2025, noting that this week will see notable data releases and policy announcements. The macroeconomic factors that investors across the markets will focus on this week include the Federal Reserve policy, tariffs and U.S. growth via signals such as manufacturing and jobs data. According to Nansen, this “Liberation Week” is set to see key data disclosures and potential political announcements, which when combined with prevailing market sentiment, could provide an indicator to the price trajectory of Bitcoin ( BTC ) and crypto. Barthere has a similar forecast for other financial assets, with equities having suffered in recent weeks. Tariff jtters also continue to dictate crypto and risk assets movement. Recent 25% auto tariffs announcement, as do potential reciprocal tariffs, is a key concern. However, Nansen researchers say flexibility that sees “constructive negotiations” and concessions from the world’s largest economies, including the Eurozone, Japan and China, will be positive. The same applies to a balancing act from the Fed, with chair Jerome Powell set to speak on Friday. According to Nansen, clarity on the odds of three rate cuts for the year is expected across the market. On what investors might want to get from Powell’s speech, Nansen said: “We would like to hear Fed Chair Powell reiterate his FOMC’s press conference rather dovish stance, e.g. concerns over growth will be prioritized and the Fed will be comfortable with cutting rates even with core inflation close to 3% YoY.” In terms of employment data out on Friday, Nansen says non-farm payroll numbers for March between economist consensus at 139k and the six-month average of 191k and an unemployment rate of 4.3% will be good news for investors. This is key as growth concerns amid the recent 11% drop for the S&P 500 weigh down on investors. Technical indicators for BTC are also not encouraging, with price failing to break above the 200-day moving average. Altcoins are also in sell-off mode, with most posting dead crosses to suggest a fragile market sentiment that will fancy any “good news”. Overall, Nansen sees a positive outlook this week as one that will confirm the analytics platform’s 70% probability that crypto will track a bottom between April and June.

The fluctuations of the crypto markets often disappoint short-term traders who tremble at the sight of a decline. But for the hodlers, those long-term cryptocurrency holders, it’s a different game. They remain calm, patient, and watch the whales plunge into the oceans of Bitcoin. Among them, Tether, the giant of stablecoins, proudly showcases a recent acquisition that is making waves. The Tether news : the first quarter of 2025 marks a turning point for the company. With the purchase of 8,888 BTC for 735 million dollars, the company sees its bitcoin reserves climb to 7.8 billion dollars. A feat that places Tether among the largest holders of bitcoin in the world, holding the 6th position in terms of volume held in a single wallet. This acquisition is not a matter of chance, but a strategy of accumulation launched in September 2022, aimed at strengthening its reserves while diversifying its investments. At the heart of this strategy, Tether commits to allocate 15% of its net profits every quarter to buying bitcoins. The goal? To create long-term stability while maximizing potential gains. Despite a challenging first quarter for bitcoin, whose value has dropped by almost 12%, Tether remains one of the most profitable players in the crypto sector. 3.86 billion dollars in unrealized gains testify to the effectiveness of this approach. The question arises: will Tether continue this aggressive strategy over the quarters, even if the market remains volatile? Tether’s CEO, Paolo Ardoino, does not hide his love for bitcoin. According to him, this cryptocurrency is not only the most decentralized, but it also has a unique resilience power. Bitcoin cannot be changed by anyone. A statement that defends it against the rise of altcoins and debates about their governance. In a world where updates and changes are frequent, bitcoin remains fixed in its original form, a guarantee of reliability. Recently, he stated that bitcoin “remains unchanged and immutable“, an argument that resonates in a context where many cryptocurrencies undergo regular changes to meet market needs. For Ardoino, the security and stability of bitcoin make it a valuable asset for long-term investors. Can we really imagine a global financial future without bitcoin? And if the stability of its blockchain was its major asset in the coming years? Tether is not just a stablecoin company. It is a geopolitical player in the world of cryptocurrencies. According to Paolo Ardoino, the USDT stablecoin has a strategic role: it is good for the US dollar. How? By helping to maintain the dollar’s dominance in emerging regions, such as Africa and South America, where China is trying to weave its influence. Ardoino explains that USDT helps to decentralize the holding of the dollar, particularly in developing markets where the dollar remains essential despite the rise of the Chinese currency. Tether thus stands as a rampart against dedollarization, a global challenge that is becoming increasingly relevant with the projects of alternative currencies like those of the BRICS countries. If these projects fail in the short term, Tether’s rise could indeed help maintain the balance. Here are some key points about Tether’s impact on the dollar: Tether: an essential player in preserving the supremacy of the dollar, but for how long? Tether isn’t just satisfied with bitcoin; it is also becoming a key player in the American economy with its role as the 7th largest holder of US Treasury bonds . Tether is slowly but surely transforming into an indispensable geopolitical force in the world of cryptocurrencies and beyond.

While European markets are experiencing a technical rise, attention turns to Washington. Supported by encouraging economic indicators, the main stock indices of the Old Continent closed in the green this Tuesday. However, this improvement remains fragile. Investors are holding their breath ahead of potentially decisive announcements from Donald Trump, who could reignite the U.S. trade offensive. The prospect of new tariff barriers rekindles tensions and threatens to reshuffle the cards of the global economic balance. The European stock exchanges ended significantly up this Tuesday, driven by economic data deemed encouraging in the eurozone. The CAC 40 climbed by 1.15 % to 7880.1 points, the German DAX gained 1.67 %, and the British FTSE rose 0.61 %. This increase is primarily explained by a deceleration of inflation in the eurozone in March, which fuels hopes for a more accommodative monetary policy from the ECB. Inflation is slowing down, paving the way for a more flexible ECB, while the EuroStoxx 50 index also recorded a gain of 1.49 %. This context has rekindled appetite for risky assets, which has influenced bond markets. Among the key elements that supported the markets this Tuesday, there are: The day’s rise is therefore not a reflection of genuine enthusiasm, but rather a tactical positioning in the face of a European central bank likely to ease its policy, as the U.S. economy shows signs of critical slowing. The relative optimism observed in the markets hides a deeper concern related to American trade policy. President Donald Trump is set to speak this Wednesday . He is expected to impose a 20 % increase in tariffs on nearly all American imports. This measure would mark a significant escalation in his nationalist economic agenda. “Trump is implementing his program strongly, without worrying about disruptions in financial markets,” summarizes Alexandre Hezez, a strategist at Banque Richelieu. He adds that “his back-and-forths reduce the confidence of economic players and force central banks to adjust their strategy.” The American economic situation exacerbates these tensions. The ISM manufacturing index, published on Tuesday, fell into contraction territory, illustrating a deterioration of industrial activity. At the same time, companies are reporting a surge in input prices, which have reached a peak since June 2022, a situation that could be amplified by a more aggressive tariff policy. Trump, facing a slim majority in the House of Representatives, seeks to “massively cut spending” and to “demonstrate the positive effects of his policy for American households,” even at the risk of “creating a significant short-term deterioration,” according to Alexandre Hezez. This stated positioning could place the Fed in a delicate situation and affect global economic stability in the long run. If the announced measures are realized, the repercussions could be multiple. In terms of trade, they risk provoking retaliation, exacerbating tensions with China or the European Union, and fueling imported inflation. On the market level, they could further erode confidence and push investors towards safe-haven assets like gold, sovereign bonds… or cryptos.

Every time I bridge to a new chain, I feel like I’m entering a sketchy part of town with no map and a fake passport fr.