Today, April 9, 2025, the cryptocurrency market witnessed many notable developments. Here are the highlights from the daily market recap:
Daily Market Recap – Meme Coins Surge
Meme coins $REMUS and $RFC reportedly hit all-time highs (ATHs).
$REMUS, inspired by ancient dire wolf DNA cloned by Colossal Biosciences, peaked at a $13.35M market cap on April 7, with trading volume reaching $41.6M on April 8. $RFC soared to an ATH of $0.06699, currently at $0.05151.
Ripple’s Big Move
Ripple announced its $1.25B acquisition of Hidden Road, a prime broker handling over $3T in annual trades, on April 8.
This makes Ripple the first crypto firm to own a global multi-asset prime broker, integrating RLUSD and XRP Ledger. $XRP rose slightly to $1.96, reflecting positive sentiment.
Binance Delists 14 Coins
Binance will delist 14 coins, including $BADGER, $BAL, $BETA, $CREAM, $CTXC, $ELF, $FIRO, $HARD, $NULS, $PROS, $SNT, $TROY, $UFT, and $VIDT, effective April 16.
Futures trading ends April 14, with users urged to withdraw by June 9, though conversion rates to stablecoins post-deadline aren’t guaranteed.
SEC Roundtable Ahead
The SEC hosts “Between a Block and a Hard Place” on April 11, featuring Coinbase, Cumberland DRW, and Uniswap Labs.
The event aims to clarify crypto regulations and includes experts like Katherine Minarik (Uniswap) and Gregory Tusar (Coinbase), potentially shaping long-term market frameworks.
Market Context
The crypto market saw meme coin hype and institutional strides from Ripple, tempered by Binance’s delisting and looming regulatory talks. Investors should stay cautious amid high volatility.
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