Overview of Important Midday Developments on April 1

7:00-12:00 Keywords: Chip Act, OpenAI

1. In March, the US Bitcoin spot ETF saw a net outflow of $745 million;

2. The US Secretary of Commerce hinted at possibly retracting the funding for the Chip Act;

3. Bitcoin and Ethereum recorded their worst Q1 returns in seven years; 

4. OpenAI founder: ChatGPT's image generation feature has been rolled out to all free users; 

5. A Rhode Island bill proposes allowing residents to trade $10,000 worth of Bitcoin tax-free each month; 

6. Over 60 cryptocurrency hacking incidents occurred in Q1 2025, with total losses reaching $1.63 billion