Former Binance CEO Changpeng &#8220;CZ&#8221; Zhao will begin advising the Kyrgyz Republic 
on blockchain and crypto-related regulation and tech after signing a 
memorandum of understanding with the country&#8217;s foreign investment agency.
&#8220;I officially and unofficially advise a few governments on their crypto 
regulatory frameworks and blockchain solutions for gov efficiency, expanding 
blockchain to more than trading,&#8221; the crypto entrepreneur said in an April 3 X 
post, adding that he finds this work &#8220;extremely meaningful.&#8221;
His comments came in response to an earlier X post from Kyrgyzstan President 
Sadyr Zhaparov announcing that Kyrgyzstan&#8217;s National Investment Agency (NIA) 
had signed a memorandum with CZ to provide technical expertise and consulting 
services for the Central Asian country.
The NIA is responsible for promoting foreign investments and assisting 
international companies in identifying business opportunities within the 
country.
_Source:__Changpeng Zhao_
&#8220;This cooperation marks an important step towards strengthening technological 
infrastructure, implementing innovative solutions, and preparing highly 
qualified specialists in blockchain technologies, virtual asset management, 
and cybersecurity,&#8221; Zhaparov said.
The Kyrgyzstan president added: &#8220;such initiatives are crucial for the 
sustainable growth of the economy and the security of virtual assets, 
ultimately generating new opportunities for businesses and society as a 
whole.&#8221;
Kyrgyzstan, which officially changed its name from the Republic of Kyrgyzstan 
to the Kyrgyz Republic in 1993, is a mountainous, land-locked country.
It is considered well-suited for crypto mining operations due to its abundant 
renewable energy resources, much of which is underutilized.
Over 30% of Kyrgyzstan&#8217;s total energy supply comes from hydroelectric power 
plants, but only 10% of the country&#8217;s potential hydropower has been developed, 
according to a report by the International Energy Agency.
## CZ has met with several other state officials in Asia
Malaysia also recently tapped CZ for guidance on crypto-related matters, with 
Prime Minister Anwar Ibrahim meeting him personally in January.
CZ has also met with officials in the UAE and Bitcoin-stacking country Bhutan 
&#8212; however, it isn&#8217;t clear what those meetings entailed.
_**Related:**__**Is Bitcoin &#8216;s future in circular economies or national 
reserves?**_
CZ&#8217;s latest pursuits come a little over six months after he was released from 
a four-month prison sentence in the US for violating several anti-money 
laundering laws.
Since being released, CZ has made investments in blockchain tech, artificial 
intelligence and biotechnology companies.
CZ also recently donated 1,000 BNB (BNB) &#8212; worth almost $600,000 &#8212; to 
support earthquake relief efforts in Thailand and Myanmar after the natural 
disaster in late April.
_**Magazine:**__**Financial nihilism in crypto is over &#8212; It&#8217;s time to dream 
big again**_

Binance co-founder Changpeng Zhao to advise Kyrgyzstan on blockchain tech

Bitcoin price started a recovery wave from the $81,200 zone. BTC is 
consolidating losses and facing hurdles near the $83,500 resistance level. 
Bitcoin started a decent recovery wave above the $82,200 zone. The price is 
trading below $83,200 and the 100 hourly Simple moving average. There is a 
connecting bearish trend line forming with resistance at $83,500 on the hourly 
chart of the BTC/USD pair (data feed from Kraken). The pair could start 
another increase if it clears the $83,500 zone. Bitcoin Price Faces Resistance 
Bitcoin price extended losses below the $82,500 support zone and tested the 
$81,200 zone. BTC formed a base and recently started a decent recovery wave 
above the $82,200 resistance zone. The bulls were able to push the price above 
the $82,500 and $83,000 resistance levels. The price even tested the 23.6% Fib 
retracement level of the recent decline from the $89,042 swing high to the 
$81,177 low. However, the price is struggling to continue higher. Bitcoin 
price is now trading below $83,500 and the 100 hourly Simple moving average. 
On the upside, immediate resistance is near the $83,200 level. The first key 
resistance is near the $83,500 level. There is also a connecting bearish trend 
line forming with resistance at $83,500 on the hourly chart of the BTC/USD 
pair. The next key resistance could be $84,500. A close above the $84,500 
resistance might send the price further higher. In the stated case, the price 
could rise and test the $85,500 resistance level. Any more gains might send 
the price toward the $86,000 level or 61.8% Fib retracement level of the 
recent decline from the $89,042 swing high to the $81,177 low. Another Decline 
In BTC? If Bitcoin fails to rise above the $83,500 resistance zone, it could 
start a fresh decline. Immediate support on the downside is near the $82,200 
level. The first major support is near the $81,200 level. The next support is 
now near the $80,500 zone. Any more losses might send the price toward the 
$80,000 support in the near term. The main support sits at $78,800. Technical 
indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 
level. Major Support Levels – $82,200, followed by $81,200. Major Resistance 
Levels – $83,500 and $85,000.

Bitcoin Price Still In Trouble—Why Recovery Remains Elusive

Senator Elizabeth Warren and Representative Maxine Waters have formally 
requested transparency from the U.S. Securities and Exchange Commission (SEC) 
concerning potential conflicts of interest involving President Donald Trump’s 
family and their ties to World Liberty Financial (WLF), a cryptocurrency firm. 
The lawmakers cited concerns that the Trump family stands to gain up to $400 
million […]

Lawmakers Demand SEC Transparency on Trump Family Crypto Ties

Ethereum (ETH) continues to underperform in the broader cryptocurrency market, 
currently trading just below $1,800 after falling 4% in the past 24 hours. 
Despite a strong start to the year, where the crypto market experienced 
bullish momentum, ETH has failed to sustain its upward trajectory. Since 
slipping below the $3,000 level, the asset has largely ranged downward and has 
now breached the $2,000 support zone, signaling weakening demand and 
sentiment. While Bitcoin and other major digital assets still managed to see 
some recovery efforts in recent weeks, Ethereum&#8217;s price decline has been 
accompanied by decreasing network activity and weakening on-chain 
fundamentals. This divergence has raised concerns over ETH’s short-term 
outlook and prompted a fresh analysis of the underlying causes driving the 
asset’s performance. Related Reading: Whales Dump 760,000 Ethereum in Two 
Weeks — Is More Selling Ahead? Fee Decline and Network Inactivity Fuel 
Inflationary Pressures CryptoQuant analyst EgyHash recently published a report 
highlighting key on-chain metrics that suggest Ethereum&#8217;s current market 
weakness is closely tied to its declining fee economy and user activity. 
According to the report titled: &#8220;Why Ethereum Is Bleeding Value: Fee Crash 
Meets Hyperinflation Hellscape.&#8221; Ethereum’s network is experiencing its lowest 
levels of activity since 2020. Daily active addresses have declined steadily 
since early 2025, and average transaction fees have dropped to record lows. 
This reduction in activity has led to a sharp fall in Ethereum’s burn rate, a 
metric crucial in offsetting inflationary pressures following the network’s 
transition to proof-of-stake. Related Reading: Ethereum Price Approaches 
Resistance—Will It Smash Through? The Dencun upgrade, which was expected to 
enhance network efficiency, has coincided with an extended period of low 
transaction volumes, further reducing fee income and contributing to higher 
net ETH issuance. EgyHash concludes that the confluence of weak network 
engagement, reduced burn rate, and high token inflation is central to 
Ethereum’s declining valuation. Why Ethereum Is Bleeding Value “Ethereum&#8217;s 
recent underperformance can be largely attributed to diminished network 
activity, as evidenced by declining active addresses and reduced transaction 
fees.” – By @EgyHashX pic.twitter.com/fgQJYCrOIn — CryptoQuant.com 
(@cryptoquant_com) April 3, 2025 Ethereum Technical Outlook Signals Potential 
Support Despite on-chain headwinds, some technical analysts maintain a 
cautiously optimistic view. Trader Courage, a technical analyst on X, noted 
that Ethereum is currently testing a major support zone and could rebound 
toward the upper resistance of its current trading range. $ETH / #ETH 1H chart 
📊 Back at the green support line. Looks like we could be heading towards the 
top of the range. Key levels are on the chart.#Ethereum 
pic.twitter.com/rRX8b3b6nW — Trader Courage 🐾 (@CryptoCourage1) April 3, 2025 
Another market analyst, CryptoElite, shared a long-term ascending trendline 
that ETH has respected historically. Based on this trend, the analyst believes 
ETH could still have the potential to rally to $10,000 later in the year, 
provided broader market conditions improve. Featured image created with 
DALL-E, Chart from TradingView

Ethereum Faces ‘Hyperinflation Hellscape’—Analyst Reveals Key On-Chain Insights

Peter Schiff warns of a severe U.S. recession, predicting the rest of the 
world will boom as America faces economic isolation and mounting financial 
pressure. Peter Schiff: Global Explosion Coming as US Faces Brutal Recession 
in Isolation Economist and gold advocate Peter Schiff issued a dire forecast 
for the U.S. economy on April 3 in […]

Cryptocurrency price in USD