Daily Market Digest

Bitcoin holds $74,700 as broader risk appetite returns

Bitcoin stabilized above $74,700 following a modest 0.5% market gain, as Asian equities and the S&P 500 recovered losses tied to recent geopolitical tensions. Spot Bitcoin ETF inflows have now surpassed $56 billion total, creating strong underlying support.

PARITY Act advances crypto tax reform in Congress

The bipartisan PARITY Act from Representatives Horsford and Miller proposes tax-free stablecoin payments, wash sale rules for crypto, and a 5-year deferral on staking and mining income. The bill is under active negotiation as part of broader reconciliation legislation.

Worldcoin announces "Lift Off" protocol upgrade event

World Network scheduled its "Lift Off" event for April 17, announcing its most significant protocol upgrade since the U.S. launch. WLD surged 12% on speculative futures trading before pulling back to $0.30, raising questions about sustainability.

Axelar surges 24% on cross-chain security narrative

Axelar (AXL) jumped 23.6% as the Drift Protocol exploit aftermath reignited demand for cross-chain security solutions. The move was spot-driven with $7.5M in volume, historically a more durable price structure than leverage-driven rallies.