Covenant AI's exit highlights the challenges of maintaining true decentralization in blockchain networks, impacting investor confidence.
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The partnership will help the exchange meet Vietnam's $380 million capital requirement to enter a government pilot program aimed at licensing local platforms and curbing offshore trading.
Bitcoin price started a strong increase above the $71,500 zone. BTC is consolidating gains and might aim for more gains above the $73,250 zone. Bitcoin gained pace for a move above the $71,500 and $72,000 levels. The price is trading above $71,500 and the 100 hourly simple moving average. There was a break above a bullish flag pattern with resistance at $71,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $71,500 and $71,250 levels. Bitcoin Price Aims for More Gains Bitcoin price managed to climb higher above the $70,500 resistance zone. BTC gained pace for a move above the $71,500 and $72,000 levels. The pair even rallied above the $72,500 level. Besides, there was a break above a bullish flag pattern with resistance at $71,250 on the hourly chart of the BTC/USD pair. A high was formed at $73,130, and the price started a downside correction. There was a move below the 50% Fib retracement level of the upward move from the $70,536 swing low to the $73,130 high. However, the bulls were active above $71,500. Bitcoin is now trading above $72,000 and the 100 hourly simple moving average. If the price remains stable above $71,500, it could attempt a fresh increase. Immediate resistance is near the $72,500 level. The first key resistance is near the $73,250 level. A close above the $73,250 resistance might send the price further higher. In the stated case, the price could rise and test the $74,000 resistance. Any more gains might send the price toward the $74,500 level. The next barrier for the bulls could be $75,000. Downside Correction In BTC? If Bitcoin fails to rise above the $73,250 resistance zone, it could start another decline. Immediate support is near the $71,500 level or the 61.8% Fib retracement level of the upward move from the $70,536 swing low to the $73,130 high. The first major support is near the $71,250 level. The next support is now near the $70,500 zone. Any more losses might send the price toward the $70,000 support in the near term. The main support now sits at $69,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $71,500, followed by $71,250. Major Resistance Levels – $72,500 and $73,250.
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An XRP expert has shared reassuring messages to investors and traders as the cryptocurrency’s price continues to trend downwards, showing no signs of a short-term rebound. The analyst has advised investors not to worry about XRP’s price action or recent weakness, urging them to focus instead on its broader outlook and the significant institutional volume that could flow through the blockchain in the future. Why Investors Should Stay Calm About The XRP Price Pseudonymous market analyst @UnknowDLT is offering calm guidance to the broader XRP community as investors and traders navigate the current bearish cycle. The analyst encouraged market participants not to fret over the recent price declines or to become increasingly desperate, even as the short-term outlook becomes more uncertain. Related Reading: XRP Battle Zones Have Been Drawn: The Move To $31 That Could Change Everything The analyst reassured investors, emphasizing XRP’s long-term potential. He pointed out that major institutions like the Depository Trust & Clearing Corporation (DTCC) could soon be channeling as much as $3.8 quadrillion across multiple blockchains in the industry, including the XRP Ledger (XRPL). He explained that even a small fraction of this volume flowing through the XRPL, about 5-10%, could be a major game changer for XRP. The analyst noted that the influx of capital could dramatically influence price, potentially generating substantial return on investment (ROI) for investors. Looking at the bigger picture, @UnknowDLT has emphasized that XRP’s adoption by major financial players and its role as a channel for institutional capital could become the factor that reverses the current bearish market and negative sentiment. Despite his encouragement, many community members remain skeptical, expressing more concerns about XRP’s price performance. One user suggested that many investors are panicking because XRP has no clear direction. He noted that many believe that an explosive price rally might be a pipe dream, highlighting that the longer it takes to materialize, the stronger the doubts become. Another member advised @UnknowDLT not to blame investors who have been holding XRP for years. He pointed out that many influencers continue to make absurd price predictions for XRP by year’s end, fueling FOMO and raising hopes, only for the cryptocurrency to decline, leaving investors disappointed once again. Other Factors Supporting XRP Price Growth In a follow-up post, @UnknowDLT highlighted additional bullish factors that could propel XRP from its ongoing price slump. The analyst noted that Ripple, the crypto company behind XRP, which also holds more than 40% of its supply, has partnered with several TIER 1 banks. Related Reading: XRP Premium FVG Could Pull Price Higher In The Short Term, But There’s A Problem He noted that these partnerships are strategic, as XRP could soon be classified as a TIER 1 asset by the Bank of International Settlements (BIS). Such a designation would place the cryptocurrency alongside traditional assets like gold, effectively elevating its market status. @UnknowDLT has stated that most XRP holders are not prepared for what lies ahead, underscoring his strong bullish outlook for the cryptocurrency. Featured image from Getty Images, chart from Tradingview.com
USDC issuer Circle has seen its stock (NYSE: CRCL) tumble by 9.89% over the past day, closing at $85.10. The fall was attributed to an unfavorable analyst review and to its alleged inaction during the Drift Protocol exploit. Source: MarketWatch Why did Circle’s shares dip by about 10%? Financial analyst Ed Engel of Compass Point …
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Dogecoin has slipped into a phase of uncertainty as it trades within the Ichimoku Cloud on the 4-hour timeframe, signaling a pause in directional momentum. With price oscillating between key cloud boundaries, the market appears locked in consolidation, leaving both bulls and bears without clear control. Dogecoin Stuck in the Cloud: Range Play in Focus According to Trader Tardigrade, Dogecoin’s recent price action on the 4-hour chart has landed it right in the thick of the Ichimoku Kumo, signaling a shift into a more neutral gear. After drifting down from the upper boundary, DOGE is now bouncing between the cloud’s ceiling and floor, a classic in-cloud movement or textbook technical signal. Related Reading: What’s The Value Of Dogecoin If It Matches Bitcoin And Ethereum Market Caps? In the world of Ichimoku, being inside the cloud represents a period of significant indecision where neither the bulls nor the bears has managed to seize total control. As the price oscillates within these specific boundaries, the market is effectively in a consolidation phase, grinding sideways as it works through previous buy and sell orders. What makes this zone particularly tricky is that the Kumo acts as a double-edged sword, providing support and resistance simultaneously. The lower edge of the cloud is currently catching the price like a safety net, while the upper edge looms overhead as a formidable ceiling. Ultimately, the trend remains sidelined until Dogecoin can make a clean getaway. A decisive close outside the Kumo is required to confirm the next major leg of the journey, be it a bullish breakout or a bearish breakdown. Ichimoku Signals To Watch: Kijun-sen And Tenkan-sen Trader Tardigrade has identified a critical juncture for the asset, emphasizing that the upcoming price action will likely dictate the mid-term trend. The bullish scenario hinges on a decisive break and daily close above the Kumo High. Should this occur, it would signal a potential trend reversal or a powerful relief bounce that challenges the current selling pressure. Conversely, the bearish case states that a break and close below the Kumo Low would serve as a confirmation of the broader downtrend, likely triggering a fresh wave of liquidations. Related Reading: Dogecoin (DOGE) Under Threat, Downside Thrust Could Trigger Selloff Currently, the Kumo is relatively thin in this specific area, offering less historical support or resistance than a thick, dense cloud would. This structural fragility implies that any breakout, whether to the upside or downside, is likely to be fast and decisive. To catch the move before it fully materializes, traders are advised to keep a sharp eye on the Kijun-sen (Base Line) and Tenkan-sen (Conversion Line). The interaction between these two moving averages often provides the earliest clues regarding a shift in momentum. A bullish or bearish cross between these lines could serve as a warning before the price even exits the cloud boundaries. Featured image from Getty Images, chart from Tradingview.com
Crypto firms like Coinbase and Kraken teamed up with government agencies to trace and freeze millions in funds tied to crypto scams and fraud.
Ethereum is trading above $2,200. The recovery is real. And a CryptoQuant report has identified the structural event that made it possible — one that most participants were reading as a danger signal at the time it occurred. Related Reading: Aave Breakdown Deepens With Supply Flooding Back To Binance. Learn What Triggered The Rush The report traces the current price strength to a single, measurable development in February: Binance’s ETH Open Interest 30-day Change fell to approximately -$2.13 billion in mid-February 2026 — the deepest deleveraging event since October 2025, when the metric reached a comparable -$2.11 billion. At the time, that reading looked like confirmation of further downside. The chart was falling. Leverage was being violently removed. The market appeared to be breaking. The distinction matters because of what followed in October 2025. When Binance recorded a comparable leverage flush at -$2.11 billion, Ethereum did not extend its decline — it stabilized and recovered. The deleveraging event that looked like a continuation signal was actually a cleanup event: speculative excess removed, liquidation pressure reduced, structural foundation strengthened. February 2026 produced the same reading. Ethereum held above $1,800 instead of extending lower. The recovery above $2,200 is what came after. The mechanism behind it is what the report has now confirmed. The Price Held. The Leverage Did Not The report’s core analytical observation rests on a specific divergence between what the open interest data showed and what the price did in response. When Binance’s ETH open interest fell by $2.13 billion, the expected outcome — given the speed and scale of the deleveraging — was a comparable collapse in price. Instead, Ethereum stabilized around $1,800. The price held while the leverage did not. That divergence is the signal. When open interest drops aggressively without a proportional price decline, it typically means one thing: the leverage being removed was speculative excess, not genuine demand. The forced exits cleared the market of positions that would have amplified further downside. The holders who remained were not leveraged longs waiting to be liquidated — they were participants with enough conviction to absorb the selling without flinching. Related Reading: XRP Longs Keep Getting Crushed On Binance – Here Is What That Imbalance Signals The report is precise about the consequences. The leverage reset on Binance most likely reduced the liquidation pressure that had been overhanging the market since the cycle peak. Without that overhead, the path to stabilization became shorter. Without the speculative excess, the recovery that followed had a cleaner structural foundation to build on. Ethereum above $2,200 is not simply a price recovery. It is the output of a market that absorbed its worst deleveraging event in months, held its ground, and rebuilt from a base that the cleanup made structurally more durable than the one that existed before it. Ethereum Price Stabilizes Below Key Moving Averages Ethereum is attempting to stabilize after a sharp breakdown that defined the February leg lower. The chart shows a clear shift in structure: a prolonged downtrend from late 2025 transitioned into a high-volume capitulation event, followed by a compression phase just above the $2,000 level. That level is now acting as short-term support, with buyers repeatedly stepping in to defend it. However, the broader trend remains fragile. ETH is still trading below its 50-day (blue), 100-day (green), and 200-day (red) moving averages, all of which are sloping downward. This alignment reflects sustained bearish control across multiple timeframes. Notably, the recent bounce toward $2,200 has failed to reclaim the 50-day average decisively, suggesting that momentum remains weak. Related Reading: A Key Bitcoin Signal Is Quietly Building While The Price Stays Flat: Here Is What to Watch Next Volume also provides important context. The spike during the February sell-off indicates forced liquidations rather than organic selling, which typically marks exhaustion. Since then, declining volume during consolidation suggests reduced participation, not yet renewed demand. Structurally, ETH is forming a base, but not a reversal. A confirmed shift would require reclaiming the $2,400–$2,600 region, where the 100-day average currently sits. Until then, this remains a recovery attempt within a broader downtrend. Featured image from ChatGPT, chart from TradingView.com
Bitcoin is back above $70,000 after a bruising first quarter, but there are still questions as to whether the asset has already established its cycle low or is still moving through a bottoming phase. A technical indicator following one interesting Bitcoin metric is presently showing signs that the bottom may not yet be in. The Metric With A Perfect Record One Bitcoin metric has always predicted every cycle bottom, and what it is saying now is very important for its next outlook. This metric is the long-term holder supply in loss, which is a measure that tracks how much of the supply held by long-term investors is underwater at current prices. Related Reading: Bitcoin Price To $80,000: How The February Bullish Trend Can Push It 20% Higher Long-term holders are Bitcoin addresses who have held their coins for at least 155 days, and so it captures how deeply underwater the most patient cohort of the market has become. The numbers, which were noted in an analysis by crypto analyst Ardi, show that whenever long-term holders fall into losses in significant numbers, it has always occurred near the end of bear markets. These are phases where selling pressure decreases as weaker hands exit, and only the most committed investors are left. During the 2015 cycle bottom, 53% of long-term holder supply was in loss. A similar pattern appeared at the 2018 low, where about 45% of long-term holdings were in loss. The trend repeated once more during the 2022 bottom, with the figure reaching around 44%. b The current long-term holder supply in Loss reading sits at approximately 29% and it is climbing. That figure is meaningful in two directions simultaneously. On one hand, it confirms that conditions are deteriorating and there’s still a large share of holders that would move into loss if prices decline further. Related Reading: Bitcoin Just Deviated From The Bearish Trend That Began In January And $86,000 Could Be Next On the other hand, the reading is still well short of the 44% to 53% range that has always been certified as genuine cycle floors. According to crypto analyst Ardi, this second meaning shows that the Bitcoin price is not at the bottom yet but is still building toward the conditions where bottoms form. At the time of writing, Bitcoin is trading at $71,127, down by 1.1% in the past 24 hours. Its most recent cycle low was recorded just below $63,000 during the market-wide crash in early February. The leading cryptocurrency is still trading around $70,000, which has turned out to be a psychologically important area. The broader crypto market sentiment is currently lacking any clear bullish momentum, with price action across major assets reflecting hesitation. The Crypto Fear and Greed Index sits at a reading of 43, placing it firmly in neutral territory. Featured image from Pixabay, chart from Tradingview.com
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A subtle shift in US payment infrastructure could be opening an unexpected door for XRP. The latest proposal from the Federal Reserve to expand FedNow capabilities is sparking new conversations across the digital asset space, and XRP may be quietly entering the spotlight. Ripple’s Vision Aligns With Evolving Payment Infrastructure A transformative shift is unfolding in the US payment infrastructure, one that could impact Ripple and the role of XRP. Analyst XFinanceBull has revealed on X that the Federal Reserve has proposed expanding FedNow to allow banks and credit unions to use intermediaries for fund transfers. Related Reading: XRP Might Be The Most Recognizable Names In RWA, But Is It The Leader? Here Are The Numbers This move goes beyond the current limitation of direct transfers strictly between two US banks. Furthermore, the proposal could open the door for intermediaries to help bridge and facilitate the international side of the payment. XFinanceBull highlighted that Ripple National Trust Bank has already been conditionally approved by the Comptroller of the Currency (OCC). This charter would allow Ripple to custody digital assets, offer lending services, and gain direct access to the Federal Reserve System, such as FedNow for instant payments. The next step is the Fed Master Account application, which would directly connect a chartered bank to the Federal Reserve’s payment systems. Ripple is still waiting on this approval, and this is not speculation. Furthermore, research published in a peer-reviewed journal by the Financial Planning Association has explored how Ripple and XRP are building the bridge for cross-border transactions. It specifically noted that possible integration points include systems like FedNow access and participation in the discount window for liquidity support. By connecting the dots, the Fed is expanding FedNow to support cross-border payments through intermediaries, and Ripple already has a conditionally approved national bank charter. The Fed Master Account is the final piece that would connect Ripple directly to the Fed’s instant payment infrastructure. Meanwhile, over 300 financial institutions have been reported to be using it, adopting, or exploring XRP. At the same time, Ripple’s involvement with global institutions such as the IMF and the Bank for International Settlements underscores its focus on interoperability within the existing digital money. XFinanceBull concluded that this is not about replacing the system, but about becoming part of it. The Fed has just opened the door, and Ripple may already be holding the conditional key, waiting for final approval to step fully into the system. How XRP Enables Instant Currency Conversion XRP is rapidly redefining how value moves across the global financial system. An Ambassador known as Ledger Man has stated that XRP functions as a powerful bridge currency, capable of converting local currencies such as the Iraqi Dinar, Vietnamese Dong, and Venezuelan Bolivar into US dollars with speed, efficiency, and full transparency. Related Reading: Ripple Introduces New System To Merge Corporate Finance And Digital Assets With the system already going live through partnerships with firms like Temenos, this could be the future of digital banking and cross-border payments. Featured image from Getty Images, chart from Tradingview.com
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US President Donald J. Trump is set to attend the “crypto and business conference” at Mar-a-Lago on April 25. Marketed by Trump-linked company Fight Fight Fight LLC, the gala luncheon features exclusive entry for the top 297 holders of the TRUMP memecoin and a reception for the top 29 holders. Performance of Trump-associated meme coins: …
Crypto markets are showing early signs that the worst may be over, following a prolonged decline that began with the industry’s sharp sell-off back in October of last year. In a new report shared on social media, technical analyst Ali Martinez says the market is now starting to form what he calls a structural floor. Next Cycle Setup For Crypto Leaders Martinez’s view is rooted in the idea that seven months of heavy volatility may also be creating a rare opportunity. For those focused on the longer-term picture, he argues, the current turbulence can act as a reset period before the next multi-year cycle. Rather than treating the current sell-off as purely negative, Martinez suggests it may be setting up the conditions for a new upward phase once the market stops bleeding. Related Reading: Adam Back Denies Being Bitcoin Creator In Response To NYT: ‘I Am Not Satoshi’ When looking at the “big picture” for broader crypto market structure, Martinez points to a metric he says helps define the floor: the CVDD Channel, which stands for Cumulative Value Days Destroyed. According to his analysis, Bitcoin’s “Golden Zone” is currently near $49,330. He claims that historically, entries into this area have tended to show up before bull market runs, and he outlines upside targets for what could follow—potentially reaching $178,478, and in an even more extended scenario, $273,158. The analyst then turns to Ethereum (ETH). Martinez says he is watching whether ETH is moving within a parallel channel pattern, and if that interpretation holds, he believes the zone between current levels and $1,070 could offer a high-conviction entry point. From there, he highlights an ecosystem-wide rally scenario with a macro target around $8,670 as the next major objective, framing it as a move that would emerge as the broader crypto ecosystem matures. Outlook For XRP, SOL, And DOGE For XRP, Martinez focuses on a specific support level as the key to determining whether the crypto market can stabilize. He says that if XRP can hold support near $0.80, it could create a strong “buy the dip” setup, potentially giving traders a chance before a later retest of XRP’s all-time high near $3.30 and beyond. Solana (SOL) is next, and Martinez suggests SOL may need a broader “generational” reset to complete the bottoming process. He argues that the possible low area ranges from $74 to $50, describing that band as a total reset of speculative “froth.” Martinez characterizes that kind of clearance as a major launchpad for the next upward move, implying that the more aggressive the washout, the more room there may be for the following leg higher. Related Reading: JPMorgan CEO Says Bank Must Build Its Own Blockchain To Counter Crypto Threats Finally, Martinez discusses Dogecoin (DOGE) using what he calls fractal signals. He says the memecoin’s chart structure indicates a coiling phase that often appears before the next parabolic move. In that context, Martinez points to a zone he believes is where larger, more informed buyers could begin accumulating. His range for that buildup is between $0.090 and $0.060, which he describes as the area where accumulation could start to intensify ahead of a potential upside surge. Featured image from OpenArt, chart from TradingView.com
Wall Street’s financial advisory machine now has a direct line to Bitcoin. Morgan Stanley Investment Management launched its spot Bitcoin exchange-traded fund on NYSE Arca on Tuesday, backed by a network of roughly 16,000 financial advisors who can steer clients into the product through their standard brokerage accounts. Related Reading: Bitcoin Faces Quantum Risk As Bernstein Sees 3–5 Year Window For Upgrades First Bank-Affiliated Asset Manager To Cross The Line The fund, trading under the ticker MSBT, tracks Bitcoin’s daily price using the CoinDesk Bitcoin Benchmark 4 PM NY Settlement Rate — a pricing tool that pulls executed trade data from major Bitcoin spot exchanges to generate a standardized settlement figure. While BlackRock and Fidelity already offer Bitcoin ETFs, neither is affiliated with a traditional US bank. Morgan Stanley’s entry fills that gap and marks the first time a bank-linked asset manager has brought a cryptocurrency product of this kind to market. LATEST: ???? Morgan Stanley launches its Bitcoin ETF on NYSE Arca today, becoming the first major US bank to offer a publicly traded spot Bitcoin fund. https://t.co/r3un2WaSGs pic.twitter.com/lRV9IOsgEO — CoinMarketCap (@CoinMarketCap) April 8, 2026 Eric Balchunas of Bloomberg called it a dramatic shift for the industry. Just a few years ago, he said, such a move from Morgan Stanley would have been unthinkable. Fees Set Below The Competition Morgan Stanley priced MSBT at a 0.14% sponsor fee — a hair below Grayscale Investments, which charges around 0.15% for a comparable product. It’s a small difference on paper, but in a market where cost comparisons drive investor decisions, even a single basis point can tip the scales. The firm says that makes MSBT the lowest-cost Bitcoin ETP currently available among comparable offerings. BNY and Coinbase were tapped to handle custody of the fund’s digital assets. BNY also takes on the administrator and transfer agent roles, covering accounting, record-keeping, and cash management. The combination of a legacy banking giant and a major crypto exchange signals a deliberate effort to meet institutional standards from the start. Related Reading: XRP Faces No Immediate Quantum Threat As Only 0.03% Supply Seen At Risk: Analyst Launch Comes Amid Fresh Outflows Across Bitcoin Funds The timing is not without friction. Bitcoin ETF products recorded their first week of net outflows just before MSBT went live, with close to $160 million pulled from these funds. Fidelity and Grayscale saw nearly $48 million and $42 million in withdrawals each. Despite the headwind, Morgan Stanley is pressing ahead. MSBT joins an ETF platform the firm launched in 2023, which now manages over $12 billion across 19 products. Adding a Bitcoin fund extends that lineup beyond traditional asset classes for the first time. Whether retail investors — guided by those thousands of financial advisors — will move in behind it remains the open question. Featured image from Unsplash, chart from TradingView
A rare signal from an ETH price indicator suggests Ether is undervalued, while demand in spot and futures markets hints at a rally to $2,500.
With a potential scheduling conflict, several senators want to know if the president plans to attend a luncheon for memecoin holders in Florida or just seeking to generate fees.