Happy Easter Sunday, fam 🤭🤭

Here's everything that happened in crypto this week. Markets gave back some of their recent gains. Total cap is at $2.43T, down 2.56%. BTC dominance at 56.31%. Trading volume spiked 63.4% to $30.18B active but cautious. Today's token unlock of $88.4M is adding sell pressure and the altcoin index sits at 54, neutral zone, no clear season yet. The Iran conflict entering its third week and the Fed leaving rates unchanged didn't help sentiment. Markets are moving but nobody's fully comfortable yet. The headline of the week, BlackRock launched its staked Ethereum ETF. TradFi keeps showing up. S&P Dow Jones also licensed the S&P 500 to TradeXYZ, making it the first time eligible non-US investors can get leveraged exposure to the index through a digitally native instrument. And separately, S&P Dow Jones launched the first official S&P 500 perps market on Hyperliquid in partnership with TradeXYZ. Traditional finance is not waiting anymore.On the regulatory side, the SEC and CFTC jointly released sweeping interpretive guidance that formally classifies major crypto assets and activities under federal securities law. Protocol updates worth noting: Pump Fun became Solana's first dApp to hit $1 billion in revenue. That's a milestone worth sitting with. Pendle launched limit order incentives offering up to 100% APR. Fluid released the Fluid Lite USD Vault automating stablecoin yield strategies. Ethena cut the sUSDe unstaking cooldown to 1 day. Lido launched EarnETH and EarnUSD two new vaults for stablecoin and ETH yield. More from the week: Tempo, the Stripe-backed blockchain for payments, launched its mainnet. Tangent introduced USG ,a stablecoin backed by Curve's LP tokens and Pendle PTs. Pareto launched Pareto Studio, an institutional platform for building and managing on-chain credit facilities. zkSync announced the Cari Network used by five US banks to bring bank deposits on-chain. Hinkal added support for private transactions on Solana. Aave DAO is voting to cut its annual AAVE buyback budget from $50M to $30M. Katana launched its token KAT with a ve(3,3) tokenomics model. Byreal introduced Byreal Perps powered by Hyperliquid. Aster launched its privacy-focused Layer 1 blockchain. OP_NET went live with a smart contract protocol that embeds execution directly into standard Bitcoin transactions. And OpenSea delayed its TGE and airdrop indefinitely. Again. No further comment needed on that one. Sell pressure is real, macro is still heavy, but builders didn't stop and institutions kept moving. That's usually what the bottom of a cycle looks like in hindsight. To a bullish week ahead.