The United States Securities and Exchange Commission (SEC) has delayed a decision on whether to approve Ether staking in two Grayscale funds. The decision on Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF has been postponed until June 1, according to an April 14 announcement from the SEC. The deadline for a decision is the end of October.On Feb. 14, the New York Stock Exchange (NYSE) filed a proposed rule change on behalf of Grayscale that would permit investors in the company’s Ether (ETH) ETFs to stake their holdings. Staking is the process of locking up cryptocurrency in a wallet to support the operations and security of a blockchain network, offering stakers rewards in return. The feature is considered a potentially integral part of Ether ETFs, as it could generate yield to investors, increasing the attractiveness of the funds.SEC’s announcement of the delay. Source: SECAnnual yield on staked Ether is estimated at 2.4% on Coinbase, while on Kraken, another US-based exchange, it ranges from 2% to 7%. According to Sosovalue, Ether ETFs have had a cumulative net inflow of $2.28 billion since their launch in 2024. The race for staking on Ether ETFs includes other asset managers, including BlackRock's 21Shares iShares Ethereum Trust. The company sought permission to offer staking services in February and is currently waiting for the agency approval. SEC approves options for multiple spot Ether ETFsDespite the delay on staking filings, the SEC is moving forward with regulatory requests surrounding crypto ETFs. On April 9, the agency approved options trading for multiple spot Ether ETFs, allowing the derivates feature on funds from BlackRock’, Bitwise and Grayscale's ETFs. Options trading involves the right to buy and sell contracts that give the investors the right but not the obligation to buy an asset at a certain price. The approval broadens the funds utility for institutional investors.The efforts to expand the appeal of Ether ETFs reflect the lack of adoption in contrast with Bitcoin (BTC) ETFs launched in January 2024. While the Ether ETFs amassed a net cumulative inflow of $2.2 billion as of April 11, Bitcoin funds flows topped $35.4 billion according to Sosovalue.Ether has also had a rough time during this bull market compared to other assets like XRP (XRP) and Solana (SOL). The asset’s 52-week high of $4,112 did not surpass its November 2021 peak all-time-high value of $4,866. The token is trading below the $2,000 mark on April 14.Magazine: What are native rollups? Full guide to Ethereum’s latest innovation
Senator Joe Gruters said Florida is positioned to lead the nation in integrating Bitcoin (BTC) into state-level financial reserves. In remarks made during an interview with Florida Blockchain Business Association founder Samuel Armes, Gruters highlighted that his legislative vision is to incorporate Bitcoin into public financial infrastructure as part of a broader economic policy framework […]
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Nvidia's announcement was praised by the White House amid its broader AI infrastructure push.
Ethereum might be on track to facing renewed pressure, according to an interesting technical outlook. Despite short bursts of recovery attempts, the broader market structure is still trying to flip in favor of bulls, but price movement shows that the bears are still in control. Notably, a recent technical analysis posted by crypto analyst Youriverse on the TradingView platform highlights a potential sharp drop in the price of Ethereum towards $1,400 if the current downward trend continues. Strong Rejection From Key Fibonacci Zone Hints At Persistent Resistance Technical analysis shows that the Ethereum price chart is currently characterized by a noticeable Fair Value Gap (FVG) on the 4-hour timeframe. This interesting gap was left behind after a steep 10% drop last Sunday, marking a strong area of seller dominance. Related Reading: Ethereum Price Looks Set To Crash To $1,000-$1,500, But Can It Fill The CME Gaps Upwards To $3,933 This gap represents a zone of clear imbalance where selling activity outweighs buying pressure and has influenced Ethereum’s price action throughout the past seven days. Earlier last week, Ethereum retraced into this gap, reaching the midpoint, but was met with swift rejection. This swift rejection showed the intense selling pressure present within this Fair Value Gap. Interestingly, the Ethereum price has returned to this Fair Value Gap again, and another rejection here could send it back to a bottom below $1,400. Furthermore, Ethereum is trading within an area identified as the “golden pocket” of the Fibonacci extension indicator, which is drawn from the $1,383 bottom on April 9. Unless price action breaks decisively above this level and heads toward the next Fib level of 0.786 at $1,724, there is still a risk of a significant rejection that could lead to further downside below $1,400. Stochastic RSI Weakness Suggests Possible Downturn Ahead For Ethereum In addition to the Fair Value Gap and Ethereum’s struggle within the golden pocket of the Fibonacci retracement zone, the Stochastic RSI is now introducing another layer of bearish pressure to the current outlook. This momentum oscillator, which measures the relative strength of recent price movements, is approaching the overbought region on the daily timeframe. Related Reading: Ethereum Pain Is Far From Over: Why A Massive Drop To $1,400 Could Rock The Underperformer Ethereum’s approach of overbought zone with the Stochastic RSI is due to inflows that have pushed the crypto’s price from the $1,383 bottom on April 9. Now that the Stochastic RSI is moving into the overbought zone, it adds to the bearish outlook that it could reject at the Fair Value Gap and start a new downside correction very soon. So far, the Ethereum price was rejected at $1,650 in the past 24 hours, which further supports the bearish continuation thesis. If the selling pressure builds again, as suggested by both the weakening RSI and persistent resistance at the Fair Value Gap, the analyst warns of a breakdown that could drag the price to as low as $1,400, or even lower. At the time of writing, Ethereum is trading at $1,627. Featured image from Unsplash, chart from Tradingview.com
The GPT-4.1 series could significantly enhance AI-driven applications, making advanced AI more accessible and cost-effective for developers.
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Blockchain investigator ZachXBT has spotlighted two individuals, Reef Finance founder Denko Mancheski and X user Fukugo Ryōshu, as potentially linked to the sudden 90% crash of Mantra’s OM token on April 13. On April 14, ZachXBT reported: “The two names I keep hearing tied to the Mantra incident are Denko (Reef Finance founder) and Fukogoryushu […]
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After Bitcoin and Ethereum ETFs, Canada is all set to launch the world’s first-ever spot Solana ETFs (Exchange-Traded Funds) on April 16, 2025, making it a big moment not just for Canada, but for the global crypto space. The launch of these ETFs comes at a good time, as Solana’s price has gone up by …
South Korean regulators will continue to block unreported virtual asset operators from accessing domestic sites, a statement said.
The 2-year and 10-year US Treasury yields dipped on Monday, April 14, after Bitcoin (BTC) closed its best weekly performance since the second week of January. Bitcoin gained 6.79% over the past week, but are enough factors aligned to support continued price upside? The 10-year treasury yield declined by 8.2 basis points to 4.40% during the New York trading session, while the 2-year treasury saw an 8 basis point slip to 3.88%. The drop in yields occurred on the back of possible tariff exemptions on smartphones, computers, and semiconductors, which were introduced to give US companies time to move production domestically. However, US President Donald Trump emphasized these exemptions were temporary in nature.US 10-year treasury bond yields chart. Source: Cointelegraph/TradingViewThe tariff exemptions announced on April 12 came at the end of a bullish week for Bitcoin. After forming new yearly lows at $74,500, BTC price jumped 15% to $86,100 between April 9-13. Easing US treasury yields could be a double-edged sword for Bitcoin. Lower yields reduce the appeal for fixed-income assets, improving capital injection into risk-on assets like BTC. Still, the uncertainty of “temporary exemptions” and the ongoing trade war with China keeps Bitcoin susceptible to further price volatility. As an “inflation hedge,” Bitcoin continues to draw mixed opinions, but recent uncertainty over trade policies increases inflation fears, improving BTC’s store of value narrative. Yet, recent US inflation data suggested a cooling trend, as the Consumer Price Index (CPI) for March 2025 indicated a year-over-year inflation rate of 2.4%, down from 2.8% in February, marking the lowest since February 2023, which could be indirectly bearish for Bitcoin in the short term.Related: Trade war vs record M2 money supply: 5 things to know in Bitcoin this weekBitcoin price hurdles present at $88K to $90KTrading resource Material Indicators noted that Bitcoin retained a bullish position above its 50-weekly moving average and quarterly open at $82,500. A strong weekly close implied a higher possibility that Bitcoin is less likely to re-visit its previous weekly lows anytime soon. The analysis added, “Bitcoin bulls now face strong technical and liquidity-based resistance between the trend line and the 200-day MA. Expecting “Spoofy” to move asks at $88k and $92k before they get filled.”Likewise, Alphractal founder Joao Wedson suggested that Bitcoin may be nearing a bullish reversal, as the Perpetual-Spot Gap on Binance—a key indicator tracking the price difference between Bitcoin’s perpetual futures and spot markets, has been narrowing since late 2024.Bitcoin Perpetual-spot price gap chart. Source: X.comIn a recent X post, Wedson highlighted that this shrinking gap, currently negative, signals fading bearish sentiment, with historical trends from 2020–2021 and 2024 showing that a positive gap often leads to a Bitcoin rally. Wedson noted that a flip to a positive gap could indicate returning buyer momentum. However, he cautioned that such negative gaps persisted during the 2022–2023 bear market.Related: Michael Saylor’s Strategy buys $285M Bitcoin amid market uncertaintyThis 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.
And the tide that lifts bitcoin rarely leaves other quality projects stranded, says CoinDesk Indices Managing Director Andy Baehr.
Canada is poised to debut the world’s first spot Solana (SOL) exchange-traded funds (ETFs) on April 16 after the Ontario Securities Commission (OSC) approved listings from four major issuers: Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ. Bloomberg senior ETF analyst Eric Balchunas shared the development in a social media post on April […]
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The investigation could impact trust in digital asset banks, potentially influencing regulatory frameworks and partnerships in the crypto sector.
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XRP has emerged as one of the strongest-performing assets in recent weeks, defying broader market volatility and mounting macroeconomic uncertainty. After a rough start to the month, XRP has rebounded sharply, posting a 32% gain from last Monday’s low. The token’s resilience has caught the attention of analysts and investors as it continues to outperform many of its peers in the altcoin space. Related Reading: Solana Triggers Long Thesis After Pushing Above $125 – Start Of A Bigger Rally? Much of this strength is attributed to growing optimism that macroeconomic tensions—particularly around global trade policies and inflation—may begin to ease. If this trend continues, XRP could be well-positioned to lead the next leg of the crypto recovery. Top crypto analyst Ali Martinez added to the bullish narrative, sharing a technical analysis showing that XRP is currently trading within an ascending triangle—a pattern typically associated with upward breakouts. Martinez identifies $2.22 as the critical resistance level to watch. If bulls can push above that line, it could open the door to a move to higher price levels. With momentum building and technical indicators aligning, XRP appears to be approaching a pivotal moment. The next move could determine whether this rally has more room to run—or if resistance will stall the breakout. XRP Bulls Eye Breakout As Market Looks for Direction XRP bulls are gaining confidence as the market shows signs of stabilization following weeks of volatility. With global tensions still unresolved, the broader crypto environment remains uncertain—but XRP has managed to hold its ground, consistently trading above the $1.80 level. This steady performance has analysts optimistic that the token could be preparing for a strong move higher, especially if macroeconomic pressure starts to ease in the coming weeks. The anticipation surrounding potential monetary policy shifts and cooling inflation expectations could create a more favorable environment for risk-on assets like XRP. Some market participants are betting that as clarity returns to the global economy, high-conviction assets will lead the charge—and XRP is firmly on that list. However, not all analysts agree that the rally will be smooth. A more cautious view suggests that the market might need one more correction to establish a solid foundation. This scenario would involve a dip below current levels to set a new demand zone before the next leg up begins. In the meantime, Martinez identified a key pattern unfolding: XRP is trading within an ascending triangle—a bullish continuation setup. According to Martinez, the $2.22 resistance level is the crucial threshold. A confirmed breakout above this level could trigger a surge toward $2.40, potentially marking the start of a broader upward trend. As traders watch price action closely, XRP’s ability to hold key support and test the top of its triangle could determine its next big move. The coming days may prove pivotal in shaping the short-term future of this high-profile altcoin. Related Reading: Ethereum Stays Below Realized Price: Once-In-A-Cycle Opportunity? Daily Price Action Leans Bullish After Reclaiming Key Averages XRP is currently trading at $2.14 after a strong move that saw the token reclaim both the 200-day moving average (MA) at $1.89 and the 200-day exponential moving average (EMA) at $1.95. This bullish development signals a potential shift in trend, as XRP bulls now hold a short-term momentum advantage. Holding above these key indicators is essential for sustaining upward pressure and building confidence in a broader recovery. The next major hurdle lies at the $2.60 daily supply zone. A clean break above that level could open the door for a continuation rally targeting higher resistance zones. For now, bulls will need to maintain strong buying interest and volume to test and eventually breach that level. However, downside risks remain. If XRP fails to hold the $2.00 psychological support, a deeper correction could unfold. This would invalidate the recent breakout and potentially send the token back toward the $1.80 zone or lower, depending on broader market conditions. Related Reading: Dogecoin Whales Buy Over 80 Million DOGE In 24 Hours – Sign Of Recovery? For now, all eyes are on whether XRP can consolidate gains above $2.00 and sustain enough momentum to challenge the next supply region. Traders should monitor volume and broader market cues for confirmation. Featured image from Dall-E, chart from TradingView
The regulator aims to make a decision regarding rule changes to allow these funds in the coming weeks, according to documents on Monday.
Citing unnamed sources, WSJ reported Friday that CZ committed to testifying against Sun in exchange for leniency.
Kraken is expanding into traditional finance by launching access to over 11,000 US-listed stocks and exchange-traded funds (ETFs), according to an April 14 statement. The crypto trading firm revealed that its users can now trade equities commission-free through Kraken Securities LLC, a newly launched FINRA-regulated arm of the exchange. The service is available to residents […]
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Mantra CEO John Mullin addressed key concerns from the community following the sharp decline in the OM token during an Ask Me Anything (AMA) session hosted by Cointelegraph on April 14.Mullin reassured users that Mantra and its partners are actively working to support the recovery of the Mantra (OM) token, though he noted that details around token buybacks and potential burns are still being developed.“We’re still in the early stages of putting together this plan for potential buyback of tokens,” the CEO said, adding that the OM token recovery is Mantra’s “preeminent and primary concern right now.”At the time of writing, OM traded at $0.73, slightly higher than its post-collapse low of $0.52 recorded on April 13 at around 7:30 pm UTC, according to data from CoinGecko.“Baseless allegations”In addition to denying reports claiming that key Mantra investors dumped the OM token pre-crash, the Mantra CEO also denied allegations that the Mantra team controls 90% of the token’s supply.“I think it’s baseless. We posted a community transparency report last week, and it shows all the different wallets,” Mullin said, highlighting the “two sides” of Mantra’s tokenomics.Source: Cointelegraph“You have the Ethereum side and you have the mainnet side,” Mullin noted, adding the Ethereum-based token is hard capped and has been around since August 2020. “The biggest holder of OM on exchange is Binance,” Mullin continued, referring the public to Etherscan records.The top eight addresses of OM holdings. Source: EtherscanHowever, the top OM wallet is currently held by crypto exchange OKX, which controls 14% of the circulating supply, or roughly 130 million tokens.What’s next for Mantra’s $109-million MEF fund?Mullin also addressed the Mantra Ecosystem Fund (MEF), a $109-million fund launched on April 7 in collaboration with its major strategic investors, including Laser Digital and Shorooq.Other investors in the fund also included Brevan Howard Digital, Valor Capital, Three Point Capital, Amber Group, Manifold, UoB Venture, Damac, Fuse, LVNA Capital, Forte and others.Related: Mantra bounces 200% after OM price crash but poses LUNA-like ‘big scandal’ riskAccording to Mullin, the fund does not solely consist of Mantra’s OM token and has “dollar commitments and dollar contributions.”Investors in Mantra’s $109-million fund. Source: Mantra“We’ll continue to invest and support the ecosystem as part of this recovery plan,” the CEO stated.End of the staking program on BinanceIn the AMA, the Mantra CEO also said that a 38-million-OM transaction to the Binance cold wallet on April 14 is related to a staking program on Binance.“It was actually Binance,” Mullin said, adding that Binance had OM tokens on its exchange that it was using as a staking program.Source: Onchain Lens“So, they just returned them because the staking program ended,” he said.Mullin also emphasized that many of the transactions that caught the community’s reactions post-crash involved collaterals by an unnamed exchange.“Effectively, those tokens were being used as collateral on an exchange. Then, the exchange decided that it was not the position they wanted to maintain anymore, for whatever reason,” Mullin said, adding:“So, what happened was basically the positions were taken over by the exchange that took the collateral and started selling, which caused a cascade of sell pressure and forced more liquidations.”Mullin said Mantra remains committed to addressing the situation as transparently as possible.“We’re not running from anything,” he said, adding that the incident was a “very unfortunate situation.”Magazine: Bitcoin eyes $100K by June, Shaq to settle NFT lawsuit, and more: Hodler’s Digest, April 6–12
The token remains 90% down over the past 24 hours.
Chainlink (LINK) is showing renewed promise after a fresh retest of a crucial support level, hinting that the bulls may be gearing up for the next phase of its upward move. The recent bounce off this key support area, previously acting as a barrier, reinforces the idea that the level has now become a strong foundation. This move reinforces the strength of the support and builds the case for a potential upside run. As LINK stabilizes above this key level, eyes are now on the next resistance zones that could define the near-term direction. With momentum gradually rebuilding, the stage might be set for a breakout that could catch the broader market’s attention. Chainlink Holds Strong: Breaking Down The Critical Support Retest According to Jimmy X in a recent post on X, Chainlink has broken out of a falling wedge pattern on the daily chart, a formation often considered a bullish reversal signal. This technical development is catching attention as it hints at a possible shift in momentum after a period of downward consolidation. Related Reading: Chainlink (LINK) Targets Rebound To $19 — But Only If This Key Support Holds Jimmy noted that LINK is currently testing the upper trendline resistance of the wedge, with trading volume steadily increasing, a strong sign that buyers are stepping in with conviction. Rising volume alongside a breakout typically reinforces the validity of the move, suggesting that this isn’t just a short-lived spike but possibly the beginning of a more sustained upward trend. He further emphasizes that a confirmed breakout followed by a successful retest of the previous resistance as support could trigger a parabolic move for Chainlink. This bullish setup, often seen as a launchpad for accelerated rallies, places LINK on track to target multiple upside levels. Key resistance points include $15.40 and $17.50, which have historically served as barriers during past price surges. Beyond these are the $20.00, $23.80, and $26.50 price levels. With technical indicators aligning and sentiment shifting, a sustained move above the breakout zone may set the stage for an extended rally. Downside Potentials While Chainlink’s recent retest of support shows bullish promise, it’s crucial to acknowledge the downside risks in case momentum weakens. If the price fails to maintain its current structure, the first level of support lies around $12.50. This level has previously served as a strong demand area, and a breakdown below it might signal the start of a deeper correction. Related Reading: Support Or Resistance? Chainlink (LINK) Investor Data Suggests Key Price Zones Further down, the $11.10 level becomes the next critical point. This area marks a prior consolidation zone and aligns with the lower trendline of the broader ascending channel, making it a vital structure for bulls to defend. A breach below this could open the door for a retest of the psychological $9.28 level, where the market may once again attempt to establish a firm base. Featured image from YouTube, chart from Tradingview.com
Opinion by: Leroy Hofer, co-founder and CEO at Teneo ProtocolAs the old wisdom goes, nobody knows you’re a dog on the internet. Often enough, nobody knows if you’re a bot either, to the point where the dead internet theory sometimes feels disturbingly tangible. Bot traffic share hit its highest level in 2024, up 2% on the year before, according to the 2024 Imperva Bad Bot Report. The bot pandemic is ravaging the Web. People are taking notice — people like Chanpeng Zhao, for example, who recently urged Elon Musk to ban bots on X. He’s not the only one in the Web3 community to call for such measures, and rightly so. From artificially inflating engagement metrics to orchestrating scams, bots are quickly drowning out real human interactions — and it’s at a time when our lives drift more and more into the online world. While platform owners continue to roll out AI-driven moderation and paywalls to curb bot activity, these solutions fail to address the root problem. Moderation tools also regularly operate with minimal transparency — incorrectly flagging legitimate content without users knowing why.Users also often have to surrender personal data to prove they are not bots, raising privacy concerns and creating barriers to participation. More problems are being made, and a decentralized approach is the only viable path forward.If left to fester, the rise of bots will create repercussions that go way beyond social media. Companies pouring money into digital marketing will see their budgets wasted on fake engagement. It’s even possible to imagine a dirty trick where a rival would use bots to waste the competitor’s money by feeding them fake impressions — this already happens in the digital ad space.People are — and will continue to become — more suspicious of online interactions, making it harder for authentic creators and businesses to earn trust. The user experience also suffers. As automated noise drowns out meaningful discussions, users may eventually abandon social media for good. We need to deal with the bot problem for all these and other reasons — once and for good.The limits of centralized solutionsSocial media giants have been using centralized moderation strategies to tackle the bots issue for quite some time. AI-driven detection systems serve as the first line of defense. They’re far from perfect. Bots are getting smarter, often slipping through the cracks by mimicking human behavior and bypassing safeguards. On top of that, false positives can lead to unfair restrictions on genuine users. Oh, the mighty banhammer, a weapon from a more civilized age. Recent: CZ urges Elon Musk to ban bots on the X social media platformAnother common tactic is the implementation of paywalls, like X’s verification fees, which require users to pay for authentication. This method raises the financial hurdle for bot operators but also creates a two-tiered system that disadvantages users who can’t — or won’t — pay. Paywalls do little to deter well-funded bot farms that can easily overlook these costs. While these measures are well-meaning, they often miss the mark when balancing security with user accessibility.A decentralized solutionA decentralized model hands the reins back to the users and offers an alternative to having centralized entities decide what’s real and what’s not. Using blockchain-based decentralized identity (DID) and reputation systems, platforms can verify real users without compromising their privacy. Decentralized solutions reduce the need for unclear moderation policies and empower people to control their own digital reputations across different platforms.DID solutions enable users to verify their authenticity through cryptographic attestations, so intrusive Know Your Customer processes are unnecessary. Reputation-based systems can help to strengthen bot resistance by rewarding verified users with more social credibility while shrinking the impact of suspicious accounts. The real advantage here is that these systems operate transparently, preventing centralized authorities from imposing rules that may prioritize corporate interests over user rights.Fixing social media’s bot problem without breaking itThe bot problem isn’t just a hassle — it’s a fundamental threat to the integrity of social media. The challenge is finding a solution that gets rid of bots without getting rid of free speech and user control. Centralized solutions are failing. Even worse, centralized systems also introduce new problems under the guise of security. A decentralized, data-driven approach enables people to authenticate themselves on their own terms, making bot-driven manipulation much harder.We urgently need to move beyond the current system and push for decentralized solutions that protect users and bring authenticity back to social media. If social media is to be a space for genuine human interaction, it has to go decentralized before the bots make it useless.Opinion by: Leroy Hofer, co-founder and CEO at Teneo Protocol. 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.
A new documentary explores Buterin’s life, including his early days building Ethereum in Canada.
Crypto exchange Bybit has denied claims that it charges $1.4 million to list a token on its platform, following allegations made by a social media user with over 100,000 followers.On April 14, X user “silverfang88” accused the exchange of demanding millions from projects in listing fees. The user also alleged that Bybit used key opinion leaders (KOLs) to silence students who were given trial contracts through the platform’s Campus Ambassador program.Bybit CEO Ben Zhou denied the allegations, asking the social media user to provide evidence backing the claims. Zhou added that the crypto space has been chaotic because of rumors posted without evidence. Source: Ben ZhouBybit denies $1.4-million listing fee accusationIn a statement sent to Cointelegraph, a Bybit representative clarified the requirements for listing on the crypto exchange. According to Bybit, the exchange requires three things from projects: a promotion budget, a security deposit and an evaluation process. “Projects are expected to allocate promotional funds for user engagement activities, though legal constraints prevent exchanges from holding tokens directly,” the representative told Cointelegraph. Bybit said it asks for a deposit of $200,000–$300,000 in stablecoins to ensure promotional goals are met. Penalties may apply if the targets are not reached.Apart from the promotional funds, the exchange said its listing process includes form submissions, internal voting, research and a listing review meeting. The representative told Cointelegraph: “Evaluations focus on fundamentals and risk controls, including onchain data, address authenticity, use cases, user distribution, project value, token valuation, value capture mechanisms and team credentials.”Related: Bybit integrates Avalon through CeFi to DeFi bridge for Bitcoin yieldUser claims Bybit provided trial contracts to studentsIn addition to the listing fee allegations, the X user claimed that Bybit had provided trial contracts to students under its 2024 Campus Ambassador program and used KOLs to suppress complaints.The account shared a Campus Ambassador program run by the trading platform in 2024 and said the issue was related to the program. Zhou responded to those claims as well, again calling for proof. “Please show evidence if Bybit has done anything wrong,” he wrote on X.The exchange has not responded directly to the specific claims related to its ambassador program at the time of publication.Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research
Solana’s SOL has rallied more than 20% against Ether (ETH) over the last seven days, and a trader is eyeing a potential breakout to $300, which would mark new all-time highs.SOL/ETH ratio hits highest weekly closeThe SOL/ETH ratio, which reflects the value of Solana in Ether, rose to 0.080 on April 13, marking the highest weekly close ever, according to data from Cointelegraph Markets Pro and Binance.The SOL/ETH trading pair has been forming higher highs on the daily chart since April 4, suggesting an uptrend is underway.SOL/ETH daily chart. Source: Cointelegraph/TradingViewThe SOL/ETH pair gains follow a bullish week for Solana, which has increased by 35% over the last seven days, against a 13% increase in ETH price over the same timeframe. “The SOL/ETH chart has just flashed a sign of strength,” said pseudonymous trader Bitcoinsensus in an April 14 post on X, adding:“Solana has closed its highest weekly close against Ethereum in history, reflecting that we could see continued outperformance of the Solana Ecosystem.”Previously, the SOL/ETH ratio reached as high as 0.093 in January during a rally in crypto prices fueled by US President Donald Trump’s inauguration, which saw the price briefly notch a new all-time high of $295.Can Solana price reach $300 in April?Popular crypto trader BitBull shared a CME futures chart on X that suggests SOL price could break out toward the $300 mark next.The trader cited Ether’s price consolidation around $2,000 on the CME chart before breaking out to all-time highs in 2021. “SOL is now showing a similar structure on the CME futures chart” as it trades with the $120 and $130 range, BitBull pointed out, adding that SOL could follow a similar breakout to all-time highs above $300.“Just like Ethereum's run in 2021, Solana is setting up for a massive move in 2025.”SOL CME Futures chart vs. ETH CME futures chart. Source: BitBullRelated: Fartcoin rallies 104% in a week — Will Solana (SOL) price catch up?Chart technicals aside, several onchain metrics suggest that SOL’s path to new all-time highs faces significant hurdles.For example, Solana’s network fees dropped more than 97% to $898,235 million on April 14, compared to $35.5 million on Jan. 20.Solana network daily transaction fees, USD. Source: DefiLlamaThe decline in Solana fees aligns with reduced trading activity on Raydium, Pump.fun, and Orca. At the same time, fees have stayed unchanged since mid-February on other decentralized applications, such as Jito, Moonshot.money, Meteora and Photon. Similarly, the daily DEX volumes on Solana plummeted to $2.17 billion on April 14, 93% below its Jan. 20 peak of $35.9 billion. Solana weekly DEX volumes, USD. Source: DefiLlamaTherefore, SOL’s journey toward new all-time highs will be a tough challenge unless there is a notable rise in network activity. SOL’s price is up 3% during the past 24 hours to $133 and 54.5% below its Jan. 19 all-time record. This 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 market cap of Circle’s Euro Coin (EURC), a euro-pegged stablecoin, is growing quickly as the ongoing trade war pushes the US dollar price lower. “In recent weeks, interest in the euro has grown tremendously” and “this interest has not escaped the Circle EURC stablecoin,” Obchakevich Research founder Alex Obchakevich wrote in a recent X post.The euro has risen by 2.2%, reaching its highest price since February 2022 at its current price of $1.13.Obchakevich said that amid this happening, decentralized finance (DeFi) protocol Aave saw €2.3 million of Euro Coin inflows in April alone. He further highlighted that EURC’s capitalization is growing at a rapid pace.Source: Obchakevich’sCoinMarketCap data shows EURC’s market cap rose from under $84 million at the end of 2024 to more than $198 million as of mid-April — a 136% increase year to date.Related: ECB exec renews push for digital euro to counter US stablecoin growthThe euro grows amid an increasingly harsh trade warThe euro’s recent rally comes as the US dollar weakens on the back of escalating trade tensions. Since Dec. 31, 2024, the dollar has dropped from 0.97 euro to 0.88 euro, a 9.3% decline against the euro.The US and European Union “are likely to reach an agreement on a trade deal that will stabilize the euro at $1.11 to the dollar,” Obchakevich said. Still, he expects the Euro Coin to keep growing:“EURC will continue to grow through integration with various payment systems and blockchains.“The analyst said that after launching on Ethereum, Euro Coin was also deployed on Avalanche, Base, Stellar, Sonic and Solana, leading to a growing supply. He shared his outlook on future market developments:“I predict EURC to grow to 400 million euros by the end of this year. This will be further impacted by MiCa regulatory support and economic challenges.“Related: Digital euro to be ‘most private electronic payment option’MiCA works in Circle’s favorEuro Coin and USDC (USDC) issuer Circle is reaping the rewards of its regulatory-friendly strategy. The firm’s products are the top euro and US dollar-pegged stablecoins that comply with the European Union’s Markets in Crypto-Assets (MiCA) regulation.The current stablecoin market leader is Tether, with its USDt (USDT) stablecoin currently having a market cap of $144 billion according to CoinMarketCap data. This is significantly higher than leading stablecoin USDC’s $60 billion market cap.Still, many expect this gap to shrink as the USDt keeps being pushed from the European Union’s market due to a lack of MiCA compliance. This trend culminated in the world’s leading crypto exchange, Binance, delisting USDt for its European Economic Area-based users to comply with the rules in March.Magazine: How crypto laws are changing across the world in 2025
Clients in 10 states will now be able to trade stocks and crypto from one platform.
Nvidia will build Blackwell chips in Arizona and AI supercomputers in Texas to meet surging AI demand.
Ethereum co-founder Vitalik Buterin has renewed calls for stronger privacy protections across emerging crypto and artificial intelligence (AI) technologies. In an April 14 blog post, Buterin argued that privacy is not just a personal right but a vital safeguard for decentralization, innovation, and freedom. He wrote: “Supporting privacy for everyone, and making the necessary tools […]
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XRP, Cardano (ADA), and Solana (SOL) tokens are exhibiting technical strength in a signal of potential short-term price recoveries, data indicates.
Crypto exchanges and wallet apps must meet EU's MiCA licensing rules to advertise in Google's platforms in 27 countries.
Kraken is expanding beyond cryptocurrencies by offering US-listed stocks and exchange-traded funds (ETFs) in a move aimed at appealing to more traditional investors.Kraken, the world’s 13th largest centralized cryptocurrency exchange (CEX) by volume, announced the launch of 11,000 US-listed stocks and ETFs with commission-free trading in an effort to bring “equities and digital assets together” under one trading platform.As of April 14, US-based users in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia can access these stocks and ETFs within their Kraken account, the company announced.Kraken expands to stocks and ETFs. Source: KrakenThe exchange plans to continue expanding access to clients in other US states, marking the first part of a “phased national rollout.”Related: Trump’s tariff escalation exposes ‘deeper fractures’ in global financial systemBoth traditional and cryptocurrency investor sentiment took a significant hit after US President Donald Trump’s reciprocal import tariff announcement on April 2.Kraken’s traditional stock offering comes over a week after the S&P 500 posted a $5 trillion loss in market capitalization over two days, marking its largest drop on record, surpassing a $3.3 trillion decline in March 2020 after the first wave of the COVID-19 pandemic.Related: 70% chance of crypto bottoming before June amid trade fears: NansenCrypto is becoming the “backbone” for trading across asset classesKraken’s expansion into traditional investment products signals the growing utility of cryptocurrencies and blockchain technology, according to Arjun Sethi, the co-CEO of Kraken.“Crypto isn’t just evolving, it’s becoming the backbone for trading across asset classes, such as equities, commodities and currencies. As demand for 24/7 global access grows, clients want a seamless, all-in-one trading experience.” Sethi added that expanding into traditional equities is a “natural step” toward the tokenization of real-world assets and the “borderless” future of trading built on blockchain rails.Kraken also plans to expand its stock trading offering to other large international markets, including the United Kingdom, Europe and Australia.Magazine: Illegal arcade disguised as … a fake Bitcoin mine? Soldier scams in China: Asia Express