What Happened In Crypto Today? Top Stories You Shouldn’t Miss

What Happened in Crypto Today? Check Market Recovery Quick Updates

Wondering what happened in crypto today? The market is up, but there’s more—fraud drama, DeFi wins, and a big move from FTX.

Crypto Market Sees Small Gains, But Trading Slows Down: April 11, 2025

Global Crypto Market Performance: Today, the market is worth $2.61 trillion, up by 1.07% in the last 24 hours, according to CoinMarketCap. However, the total trading volume dropped by 32.44%, now standing at $105.8 billion.

• DeFi trading volume: $8.78 billion (≈8.3% of total)

• Stablecoin volume: $100.49 billion (≈94.98% of total)

In simple words: Prices are slowly rising, but people are trading less compared to yesterday.

Short Glimpses of What Happened in Crypto Today

Let us take a quick stroll through the biggest headlines right now shocking the whole space.

Tron's Justin Sun Accuses First Digital of $500 Million Fraud.

Sun stated that First Digital Trust committed $500 million frauds. He said the money was meant for a fund in the Cayman Islands, but was secretly sent to a Dubai company with a similar name.

He compared the situation to a “blockchain address replacement attack”, where the system gets tricked into sending money to the wrong wallet.

This raises big concerns about security in blockchain-based finance, especially when similar names are used to mislead systems and people.

Trump Cancels IRS Rule That Hurt DeFi Platforms

In a big win for the industry, President Trump signed a law canceling an old IRS rule that treated DeFi platforms like traditional brokers.

The rule, made during Biden’s term, was unfair according to many traders. It anticipated, like exchanges, DeFi platforms would track user activity since most DeFi systems are incapable of doing so. 

The novel initiative in support of blockchain innovation received bipartisan support from both Republicans and Democrats. In this shift, one gets the impression that Washington is learning how this industry actually works, a good sign for the future of decentralized finance.

FTX Unlocks $21M in Solana Before Paying Creditors—Should Traders Worry?

The collapsed exchange FTX just unlocked $21.5 million worth of Solana (186K SOL tokens) on April 11. This happens right before it starts repaying creditors on May 30.

• This has made traders nervous.

• People think if creditors sell these tokens, it could drop SOL and ETH prices.

• FTX still holds around $650 million in assets.

The repayments will go through BitGo and Kraken, and all eyes are on the market to see how this affects SOL’s price in the short term.

Final Thoughts

Looks like things are picking up a bit, but with everything going on, it’s still smart to stay on your toes and watch the market. 

• The overall market is up slightly, but less trading is happening.

• Big fraud accusations are shaking trust in blockchain institutions.

• Policy changes in the U.S. are creating positive momentum for DeFi.

• And old giants like FTX are still making waves, affecting major coins like SOL.

As a crypto writer and analyst, I believe we’re seeing a mix of early bullish signs, but traders should remain cautious—especially with sudden unlocks and global news shaping the next move.