Healthcare technology firm Semler Scientific has reported paper losses on its Bitcoin holdings over the first quarter of this year as the cryptocurrency saw a heavy correction. The firm reported a preliminary unrealized loss from the change in fair value of Bitcoin holdings of approximately $41.8 million since Dec. 31, according to a filing with the Securities and Exchange Commission on April 15.Semler declared holdings of 3,182 Bitcoin (BTC) valued at around $263.5 million as of March 31. During the three-month period, BTC prices fell 12% from $93,500 at the beginning of January to $82,350 by the end of March. The full correction from its all-time high to the low below $75,000 on April 7 stands at 32%. Semler reported expected revenues of $8.8 to $8.9 million and operational losses of $1.3 to $1.5 million for the period. It held cash and cash equivalents of approximately $10 million as of March 31.In November, Semler Scientific CEO Doug Murphy-Chutorian said, “We remain laser-focused on acquiring and holding Bitcoin while supporting innovation and growth in our healthcare business.” Semler is the twelfth largest corporate holder of BTC, ahead of Hong Kong gaming firm Boyaa Interactive International Limited, according to Bitbo data. Semler also reported that it had reached an agreement in principle to pay almost $30 million to settle claims related to a civil investigation by the Department of Justice.Semler floats $500 million securities sale In a separate April 15 SEC filing, the firm outlined its plan to offer and sell securities worth up to $500 million, in part to continue its Bitcoin acquisition strategy.Related: Healthcare tech firm Semler buys 871 Bitcoin, yield tops 150%“We may offer and sell securities from time to time in one or more offerings, up to an aggregate value of $500,000,000,” it stated. Semler’s common stock is listed on the Nasdaq under the symbol SMLR.“Our stock price has been volatile and may continue to be volatile,” the firm cautioned. Shares in the medical firm have fallen 36% since the beginning of 2025. SMLR price year-to-date. Source: Google FinanceSemler intends to use the net proceeds from the securities sale “primarily for general corporate purposes, including the acquisition of Bitcoin,” it revealed. Magazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest
Bullish sentiment could be returning to Bitcoin as a key metric from Binance, the largest crypto exchange by trading volume, shows that buyers are starting to dominate the platform’s volumes.The Binance Taker Buy Sell Ratio, which calculates the ratio of buyers to sellers of Bitcoin (BTC) in Binance, “has returned to neutral territory,” CryptoQuant contributor DarkFost said in an April 15 note.Bitcoin’s bullish momentum is “picking up again”The ratio currently stands at 1.008. When the ratio is higher than 1, buyers — usually a bullish sentiment indicator — dominate volumes, conversely, a ratio below 1 indicates that sellers, or bearish sentiment, are dominating.Bitcoin is trading at $83,810 at the time of publication. Source: CoinMarketCapBitcoin is trading at $83,810 at the time of publication, down 1.47% over the past seven days, according to CoinMarketCap data.“Over the past few days, the ratio has been mostly positive, suggesting that bullish sentiment is picking up again on Binance’s derivatives market,” Darkfost said. On April 14, when Bitcoin was above $86,000, the ratio was above 1.1. CoinGlass data shows that if Bitcoin reclaims $85,000, almost $637 million in short positions will be at risk of liquidation. Several key market indicators suggest that investors continue to favor Bitcoin over altcoins.CoinMarketCap’s Altcoin Season Index is currently at 15 out of 100, signalling it is still very much “Bitcoin Season.” TradingView’s Bitcoin Dominance Chart shows the asset’s market share is sitting at 63.81%, up 9.82% so far this year.Bitcoin Dominance is up 9.88% since the beginning of 2025. Source: TradingViewOverall, crypto market participants are still appearing to feel hesitant. The Crypto Fear & Greed Index shows the overall market sentiment on April 16 is in “Fear” with a score of 29 out of 100.Some analysts, including DeFiDaniel, commented that Bitcoin’s recent price action is “so boring.” However, Cointelegraph earlier reported that Bitcoin apparent demand is on a recovery path, but it is not net positive yet. Historically, 30-day apparent demand can move sideways for a prolonged period after Bitcoin reaches a local bottom, leading to its price chopping sideways.Related: Bitcoin price recovery could be capped at $90K — Here’s whyAnalysts have differing views over where Bitcoin is going to go next.Real Vision chief crypto analyst Jamie Coutts told Cointelegraph in late March that “the market may be underestimating how quickly Bitcoin could surge — potentially hitting new all-time highs before Q2 is out.” AnchorWatch CEO Rob Hamilton said in an April 15 X post that Bitcoin’s price “is flat for the day because we are in an epic tug of war between people who are selling Bitcoin to pay their taxes and people using their refunds to buy Bitcoin.” The tax deadline in the US was April 15.Magazine: Is Cambria S2 the riskiest, most ‘addictive’ crypto game of 2025? Web3 GamerThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The X account of UK member of Parliament and Leader of the House of Commons, Lucy Powell, was hacked to promote a scam crypto token.In a series of now-deleted posts on April 15, Powell’s X account shared links to a token called the House of Commons Coin (HOC), describing it as “a community driven digital currency.”Source: Daniel GreenA member of Powell’s staff confirmed to the BBC that the account had been hacked and that “steps were taken quickly to secure the account and remove misleading posts.”DEX Screener shows the HOC token saw limited interest from would-be investors, achieving a peak market cap of just over $24,000 shortly after the posts from Powell’s account.The token has seen a total of 736 transactions and a trading volume of just $71,000.While Powell hasn’t promoted a cryptocurrency before, it isn’t unheard of for political figures to back real crypto tokens.US President Donald Trump and first lady Melania Trump both launched and promoted memecoins days before they entered the White House, sparking criticism from the president’s political rivals and even some supporters.Argentine President Javier Melei also promoted a token called LIBRA, which quickly crashed in value and has caused a political scandal in Argentina and calls for a probe into Melei’s involvement with the token.Powell’s account hack follows similar attack on Ghana’s presidentIn March, the X account of Ghana’s President John Mahama saw a similar breach, with attackers taking over his account for 48 hours to promote a scam cryptocurrency called Solanafrica.The Ghanaian president’s X account was hacked in March 2025. Source: CrediRates Related: UK trade bodies ask government to make crypto a ‘strategic priority’The scammers made similar crypto-promoting posts to Mahama’s 2.4 million followers, claiming that the scam project was “making payments fast and free across the continent with support from Solana and the Bank of Ghana.”The president’s team regained control of Mahama’s X account two days later. His spokesman, Kwakye Ofosu, told the AFP that the account “has now been fully restored, and we urge the public to disregard any suspicious cryptocurrency-related posts from the handle.”Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research
XRP price started a fresh increase above the $2.20 resistance. The price is now correcting gains and might find bids near the $2.050 zone. XRP price started a downside correction from the $2.250 resistance zone. The price is now trading below $2.120 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.140 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend losses if there is a close below the $2.050 support zone. XRP Price Dips Again XRP price started a fresh increase above the $1.980 resistance, like Bitcoin and Ethereum. The price climbed above the $2.020 and $2.050 resistance levels. A high was formed at $2.244 and the price recently started a downside correction. There was a move below the $2.120 support zone. Besides, there was a break below a connecting bullish trend line with support at $2.140 on the hourly chart of the XRP/USD pair. The price even spiked below the 50% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high. The price is now trading below $2.120 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.120 level. The first major resistance is near the $2.180 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.250 resistance. Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.50. Another Decline? If XRP fails to clear the $2.120 resistance zone, it could start another decline. Initial support on the downside is near the $2.050 level and the 61.8% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high. The next major support is near the $2.00 level. If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.920 support. The next major support sits near the $1.840 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.050 and $2.00. Major Resistance Levels – $2.120 and $2.180.
Altman’s startup is reportedly testing an X-style app, as legal and business clashes with Elon Musk escalate.
Ethereum price started a fresh decline from the $1,690 zone. ETH is now consolidating and might decline further below the $1,580 support zone. Ethereum started a fresh decline after it failed to clear $1,700 and $1,720. The price is trading below $1,620 and the 100-hourly Simple Moving Average. There was a break below a new connecting bullish trend line with support at $1,625 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,640 resistance zone. Ethereum Price Faces Rejection Ethereum price formed a base above $1,550 and started a fresh increase, like Bitcoin. ETH gained pace for a move above the $1,600 and $1,620 resistance levels. The bulls even pumped the price above the $1,650 zone. A high was formed at $1,690 and the price recently corrected gains. There was a move below the $1,640 support zone. Besides, there was a break below a new connecting bullish trend line with support at $1,625 on the hourly chart of ETH/USD. The price tested the 50% Fib retracement level of the upward move from the $1,472 swing low to the $1,690 high. Ethereum price is now trading below $1,625 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,620 level. The next key resistance is near the $1,640 level. The first major resistance is near the $1,650 level. A clear move above the $1,650 resistance might send the price toward the $1,690 resistance. An upside break above the $1,690 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,750 resistance zone or even $1,800 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,640 resistance, it could start another decline. Initial support on the downside is near the $1,580 level. The first major support sits near the $1,555 zone and the 61.8% Fib retracement level of the upward move from the $1,472 swing low to the $1,690 high. A clear move below the $1,555 support might push the price toward the $1,525 support. Any more losses might send the price toward the $1,450 support level in the near term. The next key support sits at $1,420. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,580 Major Resistance Level – $1,640
Fresh from successfully convincing game retailer GameStop to add Bitcoin to its balance sheet, Strive Asset Management CEO Matt Cole has now set his sights on fintech firm Intuit to do the same.Cole said in an April 14 open letter to Intuit CEO Sasan Goodarzi that Intuit’s growth is admirable, but Bitcoin (BTC) is the best way to ensure the company’s long-term success and hedge against any potential disruption caused by artificial intelligence.Intuit’s flagship products are its tax preparation app TurboTax and the small business accounting software Quickbooks. The company laid off 10% of its staff in July to pursue its AI endeavors, but Cole said the firm needs an additional hedge because TurboTax is at risk of being automated away by AI. “While we appreciate Intuit’s own investments and internal implementation of AI, we believe an additional hedge is warranted, and that a Bitcoin war chest is the best option available,” Cole said. An excerpt from Matt Cole’s letter urging Intuit to consider adding Bitcoin to its balance sheets, among other suggestions. Source: Strive Asset Management That Bitcoin war chest, he added, will ensure Intuit has “enough strategic capital to weather the AI storm and act from a position of strength through the turbulence of the AI revolution.” Cole sent a similar letter to GameStop CEO Ryan Cohen in February to advise the gaming retailer to use its $4.6 billion in cash to buy Bitcoin. GameStop’s Cohen acknowledged the letter in an April 1 regulatory filing and revealed his company had finished a convertible debt offering that raised $1.5 billion, with some proceeds earmarked for buying Bitcoin.Strive urges Intuit change crypto policyIn his letter to Intuit, Cole said the firm should reconsider the acceptable use policy for its marketing platform Mailchimp, which he claims has continued to suspend crypto-related accounts over policy violations.Source: Strive Asset ManagementCole said he “remains concerned that Intuit’s censorship and de-platforming policies discriminate against Bitcoin enthusiasts, which may harm long-term shareholder value.”Mailchimp has said that crypto-related content isn’t necessarily banned under its policy, and crypto content can be sent provided the sender isn’t involved in the sale, exchange, or marketing of crypto. Related: Saylor signals Strategy is buying the dip amid macroeconomic turmoilIts current acceptable use policy states that the platform might not allow accounts that offer “cryptocurrencies, virtual currencies, and any digital assets related to an initial coin offering.” According to Cole, Mailchimp likely adopted its policies when the legal status of crypto and related businesses was uncertain, but said with the crypto-friendly Trump administration, it’s time to “amend the acceptable use policy to end the blanket ban on crypto-related businesses.”Intuit did not immediately respond to a request for comment.Magazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest, April 6–12
Semler Scientific, a healthcare tech company, is going full steam ahead with its Bitcoin strategy. The company has filed a new S-3 registration with the SEC, signaling plans to raise to $500 million. This capital raise would come through a variety of securities like common stock, debt, and warrants. While the funds will be used …
In an investor note dated April 15, 2025, Matt Hougan, the Chief Investment Officer (CIO) of Bitwise, shared an examination of Bitcoin’s recent trading patterns that may surprise both critics and supporters. “Bitcoin is acting like an asset that wants to go higher, if only macro obstacles would get out of the way,” he wrote. According to Hougan, Bitcoin’s price on April 14 hovered around $84,379, compared to $84,317 a month earlier—a minuscule change of 0.07% during a 30-day window. This flat performance emerged against the backdrop of two significant geopolitical events: the United States announcing the creation of a Strategic Bitcoin Reserve and President Donald Trump imposing sweeping tariffs on countries around the globe. The resilience that Bitcoin has shown during this period stands in stark contrast to the broader downward trend in traditional financial markets. Hougan pointed out that the S&P 500, which peaked on February 19, has lost 12.0% of its value, with Bitcoin down a comparable 12.4% since that date. He found this alignment astonishing, particularly because it departs from Bitcoin’s behavior during past market downturns. In the 2022 correction, for example, the S&P 500 slid 24.5% while Bitcoin plunged 58.3%. Similarly, at the onset of the COVID-19 crisis in early 2020, stocks fell 33.8% but Bitcoin sank 38.1%, and in late 2018, when escalating trade tensions between the United States and China dragged equities down 19.36%, Bitcoin declined 37.22%. This track record had historically reinforced the notion that, when stocks took a hit, Bitcoin would invariably suffer a far steeper pullback. Related Reading: Bitcoin Lags Gold As Wall Street Doubts Persist, Claims Expert In his latest note, Hougan emphasized how different the present situation feels. Instead of being battered well beyond the equity market’s turbulence, Bitcoin is now mirroring stock losses closely. He acknowledged that this alone does not make Bitcoin an unequivocal hedge asset, adding, “Critics will point out that matching stocks’ performance during a downturn is not the same as acting as a hedge asset, and that gold has been a better performer than Bitcoin during this pullback. That’s true.” Nonetheless, he argued that Bitcoin’s ability to stay around the $80,000 mark while global markets churn is a testament to its robust staying power in the face of multiple macroeconomic shocks. “If that doesn’t give you confidence in its staying power, I don’t know what will,” he remarked. Hougan’s view is that we are witnessing a transitional phase in Bitcoin’s evolution. He explained that the cryptocurrency has historically been driven by two competing forces: it has served as a risk asset, associated with significant upside potential and high volatility, yet it has also occasionally taken on the role of a hedge similar to gold. Related Reading: This Bitcoin Pullback Mirrors 2017’s Path To Parabolic Highs, Says Analyst In Bitcoin’s early days, the risk-asset angle tended to dominate; in major equity sell-offs, investors often shed Bitcoin faster and more aggressively than they exited stocks. Now, with more corporations integrating Bitcoin into their balance sheets, institutional investors exploring it as part of diversified portfolios, and governments—like the United States—incorporating it into strategic reserves, there appears to be a gradual tilt toward Bitcoin being treated more like “digital gold.” . Still, Hougan warned that investors should not overlook the inherent unpredictability in the current macro environment. He noted that equity markets may not yet have found a bottom, raising the possibility that deeper slides could re-expose Bitcoin’s vulnerability if broader panic sets in. He also conceded that gold’s performance remains a more classic example of a safe-haven behavior during systemic shocks, meaning Bitcoin has not conclusively demonstrated that it can replace traditional hedges during intense economic strain. Even so, in his words, “The world is unraveling, and Bitcoin is trading above $80,000.” Hougan underscored that there is no guarantee this dynamic will endure, particularly given the unpredictable repercussions that could stem from sudden tariff escalations or shifts in monetary policy. As he concluded in his note, “Our baby is growing up as a macro asset. And that’s a beautiful thing to see.” At press time, BTC traded at $85,200. Featured image created with DALL.E, chart from TradingView.com
The aim of Noble’s AppLayer is to let developers build new financial tools and apps with high throughput of stablecoins and reliable stablecoin infrastructure.
Bitcoin price started a fresh decline from the $86,500 zone. BTC is now consolidating and might continue to decline below the $83,200 support. Bitcoin started a fresh decline from the $86,500 zone. The price is trading below $85,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $84,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $84,500 zone. Bitcoin Price Faces Rejection Bitcoin price started a fresh increase above the $83,500 zone. BTC formed a base and gained pace for a move above the $84,000 and $85,500 resistance levels. The bulls pumped the price above the $86,000 resistance. A high was formed at $86,401 and the price recently corrected some gains. There was a move below the $85,000 support. Besides, there was a break below a connecting bullish trend line with support at $84,500 on the hourly chart of the BTC/USD pair. The price tested the $83,200 support. Bitcoin price is now trading below $85,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $84,000 level and the 23.6% Fib retracement level of the downward move from the $86,401 swing high to the $83,171 low. The first key resistance is near the $84,500 level. The next key resistance could be $84,750 and the 50% Fib retracement level of the downward move from the $86,401 swing high to the $83,171 low. A close above the $84,750 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 $86,400 level. Another Decline In BTC? If Bitcoin fails to rise above the $85,000 resistance zone, it could start another decline. Immediate support on the downside is near the $83,500 level. The first major support is near the $83,200 level. The next support is now near the $82,200 zone. Any more losses might send the price toward the $81,500 support in the near term. The main support sits at $80,800. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $83,200, followed by $82,200. Major Resistance Levels – $84,750 and $85,500.
In February, the Seychelles-based exchange paid the DOJ $500 million to settle charges it had operated in the U.S. without a money transmitter license.
Mantra CEO John Mullin said he is planning to burn all of his team’s tokens in order to win back the trust of the network’s community following the sudden collapse of the Mantra (OM) token on April 13.“I’m planning to burn all of my team tokens and when we turn it around the community and investors can decide if I have earned it back,” Mullin posted to X on April 16.Mantra set aside 300 million OM, 16.88% of the token’s nearly 1.78 billion total supply, for its team and core contributors. They are currently locked and were scheduled to be released in stages between April 2027 and October 2029, according to an April 8 blog post.The team’s tokens are worth around $236 million, with OM currently trading around 78 cents but were worth around $1.89 billion before the token sank on April 13, going from around $6.30 to a low of 52 cents and wiping over $5.5 billion in value, according to CoinGecko.Source: JP MullinMany community members welcomed Mullin’s pledge, but others saw the token burn as a potential blow to the team’s long-term commitment to building the real-world asset tokenization platform.“This would be a mistake. We want teams that are highly incentivized. Burning the incentive may seem like a good gesture but it will hurt the team motivation long term,” said Crypto Banter founder Ran Neuner.Mullin suggested a decentralized vote could determine whether to burn the 300 million team tokens.Mantra recovery process already underwayMullin promised a post-mortem statement explaining what went wrong to be transparent with the community. Speaking to Cointelegraph on April 14, Mullin outlined plans to leverage the $109 million Mantra Ecosystem Fund for potential token buybacks and burns to stabilize OM’s price, which had fallen from $6.30 to as low as $0.52.Related: Red flag? Mantra's TVL jumped 500% as OM price collapsedMullin’s firm has strongly refuted rumors that it controls 90% of OM’s token supply and engaged in insider trading and market manipulation.Mantra claims the OM price implosion was triggered by “reckless liquidations," adding that it wasn’t related to any actions undertaken by the team.OKX and Binance were among the crypto exchanges that saw significant OM activity right before the token collapse.Both exchanges denied any wrongdoing, attributing the collapse to changes made to OM’s tokenomics in October and unusual volatility that ultimately triggered high-volume cross-exchange liquidations on April 13.Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research
Canada’s financial regulators have given the green light to multiple spot Solana (SOL) exchange-traded funds, marking another cryptocurrency milestone for the country. According to Bloomberg ETF analyst Eric Balchunas, these new investment products will hit Canadian markets on April 16, 2025. Related Reading: Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets The Ontario Securities Commission (OSC) allowed multiple financial institutions to roll out these ETFs yesterday, opening the way for direct investment in the Solana cryptocurrency using conventional brokerage accounts. SOL Enters Major Financials Four large investment companies have received approval to distribute these new crypto products. 31Q, Purpose Investments, CI Global Asset Management, and Evolve will all be releasing spot Solana ETFs later this week, providing Canadian investors with a variety of choices to invest in SOL. These firms are long-time participants in Canada’s investment space, and their inclusion marks increasing institutional acceptance of cryptocurrencies outside of Bitcoin and Ethereum. Canada is readying spot Solana ETFs to launch this week after regulator gave green light to multiple issuers incl Purpose, Evolve, CI and 3iQ. ETFs will include staking via TD pic.twitter.com/FSw149Xkm4 — Eric Balchunas (@EricBalchunas) April 14, 2025 Staking Features Could Boost Returns For Investors One of the main features distinguishing these Solana ETFs is their capacity for staking the underlying SOL positions. The OSC has allowed the issuers of ETFs to stake some portion of their Solana, and this could unlock extra returns for investors in excess of price appreciation alone. TD Bank reported that returns from staking SOL can be higher than those from Ethereum staking, and thus these products could be more appealing to yield-starved investors. The bank also referred to them as “the world’s first spot Solana ETFs,” emphasizing the innovative character of these financial products. US Solana ETF Market Experiences Mixed Results The US market so far has only futures-based Solana ETFs, with limited success. Balchunas noted that two SOL futures ETFs in the United States, Volatility Shares 2x SOL ETF and Volatility Shares SOL ETF, have failed to gain investor attention since their launch in March 2025. Both of these products have only accumulated a combined assets under management of nearly $14 million. For comparison, the Teucrium 2x XRP ETF performed better even though it came out later after the SOL products, implying unequal investor interest in disparate cryptocurrency ETFs. Related Reading: Whale Alert: Ripple Sends 200 Million XRP Into The Shadows SEC Ruling On US Spot SOL ETFs Remains Pending As Canada progresses with spot Solana ETFs, their equivalents in the United States languish in limbo. It has had applications from some of the largest financial institutions, such as Grayscale Investments, Bitwise, 21Shares, Canary Capital, Fidelity Investments, and VanEck. The SEC has accepted these filings but has not approved any for release yet. The regulators last month postponed their consideration of VanEck’s Solana Trust ETF filing, rescheduling the deadline to May 19, 2025. Featured image from Pixabay, chart from TradingView
Nvidia shares plummeted 8% after the U.S. banned its H20 chip sales to China, impacting equities and the crypto market.
The Bitcoin price continues to face headwinds, as the latest report on Digital Asset Fund Flows shows a staggering $751 million in outflows from the digital asset. The sheer volume of this withdrawal raises alarm bells about whether institutions may be cashing out from the flagship cryptocurrency. Bitcoin Price Faces Pressure Amid Massive Outflows CoinShares’ weekly report on Digital Asset Fund Flows has disclosed a massive $795 million in outflows from the crypto market—shockingly, $751 million of which came from Bitcoin alone. This mass exodus marks one of the largest single-week outflows of the year, and it comes at a time when the price of Bitcoin has hit a wall. Related Reading: $9.41 Billion In Shorts At Risk Of Liquidation If Bitcoin Price Hits This Level James Butterfill, the Head of Research at CoinShares, revealed that since early February 2025, digital asset investment products have suffered cumulative outflows of approximately $7.2 billion, effectively erasing almost all the year-to-date inflows. Notably, this week marks the third consecutive week of declines, with Bitcoin leading the downturn and recording the most significant losses among major digital assets. As of this report, net flows for 2025 have dwindled to a modest $165 million, a sharp drop from a multi-billion dollar peak just two months ago. This steep decline underscores a cooling sentiment among institutional investors and highlights a growing sense of caution amid ongoing market volatility. Currently, the Bitcoin price is struggling to regain past all-time highs, with recent outflows serving as one of the many barriers hindering the cryptocurrency’s breakout potential. Until these outflows reverse and the market stabilizes, Bitcoin’s path to setting new all-time highs remains challenged. Despite losing $751 million in outflows, Bitcoin still maintains a moderately positive position with $545 million in net year-to-date inflows. However, the sheer scale and speed of the latest outflows raise concern. The fact that Bitcoin suffered such a massive withdrawal signals a potential shift in sentiment among institutions. Whether it’s due to profit-taking or macroeconomic uncertainty, this move suggests that big players are beginning to pull out — at least in the short term. In addition to Bitcoin, Ethereum saw $37 million in outflows, while Solana, Aave, and SUI also posted losses of $5.1 million, $0.78 million, and $0.58 million, respectively. Surprisingly, even short Bitcoin products, designed to benefit from market downturns, weren’t spared, recording $4.6 million in outflows. Tariffs And Political Volatility Drive Outflows One of the key drivers behind the pullback across digital assets is the rising economic uncertainty sparked by tariff policies that have adversely influenced investor sentiment. The wave of negative sentiment began in February after United States (US) President Donald Trump announced plans to impose tariffs on all imports coming into the country from Canada, Mexico, and China. Related Reading: Trump’s Tariff Pause Could Push Bitcoin Price Above $100,000, Pundit Reveals Exit Point However, a late-week rebound in crypto prices was seen after Trump’s temporary reversal of the controversial tariffs, providing a brief respite for the market. This policy shift helped boost total Asset Under Management (AUM) across digital assets from a low of $120 billion on April 8 to $130 billion, marking an 8% recovery. Featured image from Adobe Stock, chart from Tradingview.com
In a Tuesday filing, the company said it had reached a loan agreement with crypto exchange Coinbase allowing it to borrow money — using its bitcoin stockpile as collateral — to pay the settlement.
Vivago’s little-known AI model beats Stable Diffusion, ranks just behind ChatGPT and ByteDance’s Mogao in blind tests. So, how did it do?
Since adopting its bitcoin strategy in May 2024, Semler has accumulated 3,192 BTC, currently valued at roughly $266 million.
VanEck’s head of digital assets research, Matthew Sigel, has proposed the introduction of “BitBonds,” a hybrid debt instrument combining US Treasuries with Bitcoin (BTC) exposure, as a novel strategy for managing the government’s looming $14 trillion refinancing requirement. The concept was presented at the Strategic Bitcoin Reserve Summit and aims to address sovereign funding needs […]
The post VanEck proposes Bitcoin-linked Treasury bonds to offset $14 trillion in US debt appeared first on CryptoSlate.
A massive breach revealed 4chan's source code, emails, and internal strife, as the controversial imageboard faces a new kind of chaos.
A hacker compromised a ZKsync admin account on April 15, minting $5 million worth of unclaimed airdrop tokens, according to a statement from the official ZKsync X account. The attack was described as isolated, with no user funds affected.Following an investigation, ZKsync detailed the incident on April 15, disclosing that the compromised account had administrative control over three airdrop distribution contracts. The attacker exploited a function called sweepUnclaimed() to mint 111 million unclaimed ZK tokens, increasing the total token supply by 0.45%. As of the latest update, the attacker still held control of most of the stolen funds.Source: ZKsyncZKsync is coordinating recovery efforts with the Security Alliance (SEAL). According to the protocol, its governance and token contracts are unaffected. The company stated that no further exploits are possible via the “sweepUnclaimed()” vector.ZKsync is an Ethereum layer-2 protocol that processes main-layer transactions in batches using a technology called zero-knowledge rollups. The ZKsync Era platform has $57.3 million in total value locked as of April 15, according to DefiLlama. ZKsync had been in the process of airdropping 17.5% of its token supply to ecosystem participants.Related: DeFi platform KiloEx offers $750K bounty to hackerZK token drops 7% in 24-hour trading ZKsync’s token, ZK (ZK), saw volatile price action in the wake of the hack and the project’s public disclosure on X. Around 1:00 pm UTC, the token had dropped 16%, falling to $0.040 before rebounding to $0.047 at the time of writing. Despite the bounce, ZK remains down 7% over the past 24 hours.Overall, $2 billion has been lost to crypto hacks in the first quarter of 2025 alone, just $300 million less than the total lost in 2024.Magazine: Lazarus Group’s favorite exploit revealed — Crypto hacks analysis
Cardano (ADA) is flashing early signs of a potential breakout, with its latest chart structure suggesting that the bulls may be preparing for a major upside move, Thomas Anderson’s analysis. After weathering recent market volatility, ADA has carved out a base of support and is beginning to show constructive price action marked by rising lows and increasing buying interest. This shift hints that momentum is gradually tilting back in favor of the bulls. As the market eyes a recovery, ADA’s setup places it in a favorable position to capitalize on renewed bullish sentiment. Should momentum continue building and resistance levels break, Cardano could be on the verge of unlocking a powerful rally that pushes it toward new highs in the sessions ahead. Breaking Down The Key Chart Patterns: Why Cardano Is Poised For Growth In a recent post on X, analyst Thomas Anderson highlighted that Cardano is currently consolidating within a descending triangle pattern on the 1-hour timeframe, a formation often associated with potential breakout scenarios. He noted that the price is hovering near the lower boundary of the triangle at approximately $0.6292, a level that has provided support in recent sessions. Related Reading: The Cardano Anomaly: ADA Quiet Now, But The Math Says Otherwise Adding to the cautious tone, Thomas stated that Cardano is still trading below the 200-period moving average. Anderson explained that the inability to break above this moving average shows that bulls are struggling to gain control in the short term. However, the proximity to support and resistance levels could set the stage for a major price reaction. He highlighted that the 4-hour chart shows Cardano attempting a recovery, forming higher lows, which suggests growing bullish momentum. However, ADA faces significant resistance at $0.6974 and the 200-period moving average, causing bearish pressure. What The Bulls Need To Break Through According to Thomas, the $0.6974 resistance level plays a crucial role in determining ADA’s next move. A successful breakout above this level could confirm Cardano’s bullish outlook. If the bulls manage to defend the lower support level and volume starts to increase, there’s a strong possibility that ADA might break out to the upside, pushing past the resistance and completing the pattern. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe On the other hand, should Cardano fail to maintain support at $0.6292, it would trigger a deeper correction, dragging the price toward lower support levels. The immediate focus would then shift to areas around $0.60 and $0.58, which are crucial for the continuation of the uptrend. Once these levels are breached, it could signal a shift in market sentiment. Featured image from iStock, chart from Tradingview.com
CleanSpark will start selling a portion of the Bitcoin earned from its mining operations each month in a bid to become financially self-sufficient, the US Bitcoin miner said on April 15. In addition, CleanSpark secured a $200 million credit facility backed by Bitcoin (BTC) through an agreement with Coinbase Prime, the institutional brokerage division of the crypto exchange, according to a statement.Together, the Bitcoin sales and credit line mean CleanSpark has “achieved escape velocity — the ability to self-fund operations, augment our bitcoin treasury, and contribute to expansion capital through operational cash flow,” Zach Bradford, CEO of CleanSpark, said. CleanSpark has opened an institutional Bitcoin trading desk to facilitate the cryptocurrency sales, it added. Crypto mining stocks are down sharply in 2025. Source: MorningstarRelated: Bitdeer turns to self-mining Bitcoin, US operations amid tariff tumult — ReportNavigating market volatility The Bitcoin miner’s emphasis on self-funding comes as mining stocks reel from across-the-board selloffs in the first quarter of 2025. Shares of CoinShares Crypto Miners ETF (WGMI) — a publicly traded fund tracking a diverse basket of Bitcoin mining stocks — are down more than 40% since the start of the year, according to data from Morningstar. “[W]e believe this is the right time to evolve from a nearly 100% hold strategy adopted in mid-2023 and move back using a portion of our monthly production to support operations,” Bradford said. Cheaper stock prices effectively increase Bitcoin miners’ cost of capital and can potentially cause creditors to demand faster loan repayments. Analysts at JP Morgan attributed the downturn to eroding cryptocurrency prices, which added pressure to business models already strained by the Bitcoin network’s April 2024 halving. Halvings occur roughly every four years when the Bitcoin network automatically cuts mining rewards in half. Price per Bitcoin versus network hashrate. Source: JPMorganIn April, pressure on mining stocks worsened when US President Donald Trump announced plans for sweeping tariffs on US imports.US Bitcoin miners are especially vulnerable to trade wars because they rely on specialized mining hardware, often sourced from foreign manufacturers. Bradford said he expects CleanSpark’s financial self-sufficiency to differentiate it from peers “who continue to rely on equity dilution to fund operating costs or increased leverage to grow their Bitcoin reserves.”Other miners are taking similarly aggressive measures to adapt to the changing market.Bitdeer, a Singapore-based crypto miner, has reportedly touted plans to start manufacturing mining hardware in the United States to mitigate the impact of Trump’s planned import tariffs. Magazine: Illegal arcade disguised as … a fake Bitcoin mine? Soldier scams in China: Asia Express
Developers and operators of decentralized privacy protocols remain exposed to potential US sanctions enforcement despite the Treasury Department’s Office of Foreign Assets Control (OFAC) removing Tornado Cash smart contracts from its sanctions in March. According to an April 15 report published by the DeFi Education Fund, while the Fifth Circuit Court of Appeals ruled that Tornado […]
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Spot Bitcoin (BTC) exchange-traded funds saw a total of $872 million in net outflows between April 3 and April 10, causing traders to wonder if overall interest in Bitcoin is fading. The strong selling pressure began on April 3, as global trade tensions increased and fears of an economic recession grew. This trend is especially concerning after two days of spot Bitcoin ETF net flows below $2 million on April 11 and April 14.Spot Bitcoin ETFs aggregate net flows, USD. Source: CoinGlassBitcoin’s price has remained relatively stable near $83,000 for the past five weeks, which further suggests weak interest from both buyers and sellers. On one hand, this lack of volatility could show that Bitcoin is becoming a more mature asset class. For example, several S&P 500 companies have dropped 40% or more from their all-time highs, while Bitcoin’s largest drawdown in 2025 was a healthier 32%.However, Bitcoin’s performance has disappointed those who believed in the “digital gold” narrative. Gold has gained 23% so far in 2025, reaching an all-time high of $3,245 on April 11. Even though Bitcoin outperformed the S&P 500 by 4% over the past 30 days, some investors worry that its appeal is fading, as it is currently uncorrelated with other assets and not acting as a reliable store of value.Average Bitcoin ETF volume surpasses $2 billion per dayWhen looking at the spot Bitcoin ETF market—especially compared to gold—Bitcoin has some advantages. On April 14, spot Bitcoin ETFs had a combined trading volume of $2.24 billion, which is 18% below the 30-day average of $2.75 billion. So, it would not be accurate to say that investor interest in these products has disappeared.Spot Bitcoin ETFs daily volumes, USD. Source: CoinGlassWhile Bitcoin ETF volumes are lower than the $54 billion per day traded by the SPDR S&P 500 ETF (SPY), they are not far behind gold ETFs at $5.3 billion and are ahead of US Treasurys ETFs at $2.1 billion. This is impressive, considering that spot Bitcoin ETFs in the US only launched in January 2024, while gold ETFs have been trading for over 20 years and have $137 billion in assets under management.Even when including the Grayscale GBTC Trust, which surpassed 200,000 shares traded per day in 2017 before it was converted to an ETF, Bitcoin investment products are still less than eight years old. Currently, spot Bitcoin ETFs hold about $94.6 billion in assets under management, which is more than the market capitalization of well-known companies such as British American Tobacco, UBS, ICE, BNP Paribas, Cigna, Sumitomo Mitsui and several others.Related: Bitcoin shows growing strength during market downturn — WintermuteRanking of tradable assets by market capitalization, USD: Source: 8marketcapTo see how spot Bitcoin ETFs have become established in the industry, one can look at the top holders of these products. These include well-known names like Brevan Howard, D.E. Shaw, Apollo Management, Mubadala Investment, and the State of Wisconsin Investment. From pension funds to some of the world’s largest independent asset managers, Bitcoin ETFs provide an alternative to traditional assets, regardless of short-term price movements.As the asset class grows and more products like futures and options are listed, Bitcoin may eventually be included in global indexes, whether in the commodities or currencies category. This could lead passive funds to invest, increasing both price potential and trading volume. Therefore, the current lack of strong net inflows or outflows is not unusual and should not be seen as a sign of weakness.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Blockchain infrastructure provider Figment has been selected as the staking provider for 3iQ’s newly approved Solana exchange-traded fund (ETF), underscoring Canada’s continued efforts toward adoption of digital asset financial products.Figment will enable institutional staking for the 3iQ Solana (SOL) Staking ETF, which launches on the Toronto Stock Exchange on April 16 under the ticker SOLQ, the companies said in a statement. In addition to 3iQ, Figment provides staking infrastructure solutions to more than 700 clients. The Ontario Securities Commission (OSC), a provincial regulator, green-lighted 3iQ’s SOL fund on April 14. The approval was also extended to other fund managers seeking to offer SOL ETFs, including Purpose, Evolve and CI.As Bloomberg ETF analyst Eric Balchunas reported at the time, the funds are permitted to stake a portion of their SOL holdings through TD Bank, Canada’s second-largest financial institution by assets. Source: Eric Balchunas3iQ estimates that its SOL fund will provide yields of between 6% and 8%, according to its website. Related: Solana, XRP ETFs may attract billions in new investment — JPMorgan3iQ leads Canadian crypto ETFs as US regulators drag their feetAs US regulators continue to consider various crypto-related fund offerings, Canada has been leading the curve in adoption going back to 2021. That was the year that 3iQ debuted its spot Bitcoin (BTC) ETF, which crossed $1 billion in net assets almost immediately. It would take nearly three more years before spot Bitcoin ETFs were approved in the United States. Like their Canadian counterparts, the US ETFs saw overwhelming success in their first year, generating more than $38 billion in net inflows.In October 2023, 3iQ launched an ETF tied to Ether (ETH), giving investors direct access to the smart contract platform. Unlike the Ether ETFs that US regulators approved the following year, 3iQ’s fund offers staking rewards. As Cointelegraph recently reported, US regulators may be on the cusp of approving staking rewards after they authorized exchanges to list options contracts tied to ETH.Source: James SeyffartRelated: SEC delays staking decision for Grayscale ETH ETFs
Ethereum is trading above the $1,600 mark after a turbulent period marked by heightened volatility and growing uncertainty surrounding global trade policies. As US President Donald Trump’s tariff measures continue to shake investor sentiment, crypto markets have struggled to find direction. Ethereum, like the broader market, is attempting to stabilize after weeks of aggressive selling pressure and macroeconomic headwinds. Related Reading: XRP Tests Ascending Triangle Resistance – Can Bulls Reach $2.40 Level? Despite signs of weakness, bulls are now trying to regain control. However, price action still suggests the downtrend may not be over yet. ETH must reclaim key levels to confirm short-term momentum for any meaningful recovery to unfold. Until then, caution dominates the market outlook. Glassnode data provides a hopeful perspective for Ethereum bulls. According to on-chain metrics, the most critical support level currently sits at $1,546.55—where whales accumulated over 822,440 ETH. This level could serve as a strong foundation for a bounce if tested again, as historically, zones with heavy accumulation tend to attract renewed buying interest. The coming days will be crucial for Ethereum’s trajectory. Holding above this support while pushing into higher resistance could be the catalyst needed to reignite bullish sentiment and reverse recent losses. Ethereum Tests Key Resistance As Bulls Eye Recovery Ethereum has surged more than 20% since last Wednesday’s low near $1,380, generating renewed optimism among investors hoping for a broader market recovery. Currently trading around key resistance levels, ETH appears to be forming a base for a potential breakout that could mark the beginning of a new upward phase. However, the path forward remains uncertain as global macroeconomic conditions continue to weigh heavily on market sentiment. Growing speculation of a policy shift following US President Donald Trump’s announcement of a 90-day tariff pause for all countries except China sparked the recent surge. This decision triggered a temporary risk-on sentiment across global markets, with cryptocurrencies benefiting from the momentum. Still, concerns about long-term US foreign policy and lingering trade tensions have left many investors cautious. While some analysts believe that Ethereum has already priced in the worst of the selloff, others warn that we may only be in the early stages of a broader bear cycle. Despite the divergence in outlooks, on-chain data suggests that a major support level has formed. According to analyst Ali Martinez, the most critical support for Ethereum sits at $1,546.55—an area where more than 822,440 ETH were previously accumulated. This level is being closely monitored as a potential pivot zone. If bulls can maintain price action above this threshold and successfully push through current resistance, it could trigger a strong continuation rally and restore confidence in the altcoin market. Until then, Ethereum remains at a crossroads, with the next move likely to be shaped by a combination of market momentum, geopolitical developments, and investor conviction. Related Reading: Dogecoin Gears Up For A Breakout To $0.29: Can Bulls Hold Key Support? ETH Price Struggles at Resistance: Bulls Must Reclaim $1,875 Ethereum is trading at $1,630 after setting a fresh 4-hour high around $1,691, slightly above the previous local peak. The short-term price structure suggests that bulls are trying to regain momentum, but the recovery remains uncertain without a clear breakout above key resistance levels. For Ethereum to confirm a true reversal and enter a bullish recovery phase, it must reclaim the $1,875 level — a zone that aligns with both the 4-hour 200-day moving average (MA) and exponential moving average (EMA). This critical level has acted as a major barrier since the downtrend began, and breaking above it would signal a shift in trend and market sentiment. However, failing to push beyond this range could send ETH back to retest the $1,500 support zone or even lower. Related Reading: Solana Triggers Long Thesis After Pushing Above $125 – Start Of A Bigger Rally? The $1,600 level now acts as a key psychological and technical threshold. Holding above it is essential for bulls to keep short-term momentum alive and prevent another sharp selloff. As macroeconomic uncertainty and market volatility continue, Ethereum’s next move depends heavily on whether bulls can defend current support and build enough strength to break above the $1,875 resistance zone. Featured image from Dall-E, chart from TradingView
Mantra CEO John Patrick Mullin has proposed burning his allocation of OM tokens in a move aimed at restoring investor confidence after the protocol’s native token suffered a sharp collapse. Mullin said his tokens, part of a broader 300 million OM allocation earmarked for the team, are subject to a cliff until April 2027. Token […]
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The deal expands Securitize Fund Services' offerings and brings its assets under administration to over $38 billion across 715 funds, the company said.