Leading stablecoins issuer Tether minted 1 billion USDT on Tron (TRX) network on Saturday, April 12, during the early Western financial markets. According to Paolo Ardoino, CEO Tether, the 1 billion mint is an authorized but not an issued transaction. PSA: 1B USDt inventory replenish on Tron Network. Note this is an authorized but not …
As Bitcoin (BTC) recovers from its five-month low, the cryptocurrency attempts to reclaim the $84,000 resistance. Some market watchers suggest that more volatility could be around the counter, as the price is compressing between two key levels. Related Reading: Ethereum ‘Set For Potential Rally’ After 10% Surge – Can ETH Recover $1,800? Bitcoin Retests 4-Month Downtrend Line Over the past week, Bitcoin has been trading between the $74,000-$84,000 price range following the recent tariff war-related volatility. After hitting a one-week high of $84,720, the flagship crypto hit a five-month low of $74,773, driven by this week’s market correction. Amid this performance, the cryptocurrency risked a 13.7% drop to the $69,000 support, as it generally needs a daily close above the $78,500 level for a potential short-term rebound. However, BTC’s price has surged 13.5% since Monday’s lows and attempted to reclaim the $84,000 resistance. The market recovery was fueled by US President Donald Trump’s 90-day pause on the trade tariffs for over 75 nations, which saw the crypto market and stock prices jump 6%-10% in an hour this Wednesday. Nonetheless, the tariffs-driven rally slowed Thursday, with Bitcoin retracing nearly 5% to the $79,000 support. Analyst Alex Clay asserted that despite the bullish rally, BTC’s price needed to reclaim the broken $80,000 support and break through the descending 4-month resistance as its short-term structure continued looking bearish. During BTC’s 7% surge in the past 24 hours, the analyst highlighted the key support zone held, invalidating his bearish scenario. However, a breakout and reclaim confirmation of the $84,000 remained crucial for BTC’s price. BTC Preparing For More Volatility? Analyst Rekt Capital pointed out that Bitcoin successfully retested the $78,500 support, but its price was rejected from the 4-month downtrend resistance. Therefore, the flagship crypto’s price is now compressing between these two levels, which usually “precedes volatility.” The analyst also noted that BTC is “developing yet another Higher Low on the RSI while forming Lower Lows on the price.” During this cycle, the cryptocurrency has formed multiple bullish RSI divergences in the daily chart, each preceding a reversal to the levels. Bitcoin’s Daily RSI equaled 2022 Bear Market RSI levels (RSI=23.93) when price crashed into the high $70,000s. The only lower Daily RSI in this cycle was back in August 2023 (RSI=18.28). Throughout this cycle, each visit into sub-25 RSI resulted in a trend reversal to the upside over time. Related Reading: Solana (SOL) Needs 15% Bounce After Multi-Year Support Retest, Recovery Ahead? Meanwhile, crypto analyst Ali Martinez suggested that BTC could see a retrace back to the $74,000 support zone. He observed that Bitcoin’s movements within its weekly range display a W-shape to the upper boundary, and its price action seemed to be forming an M-shape after Thursday’s retrace and Friday’s jump, which eyes the range’s lower boundary. On the contrary, the analyst also highlighted Bitcoin’s Friday performance, affirming that it “is slicing through key resistance at $82,360.” Notably, BTC’s price then jumped toward the $84,000 barrier, hitting a daily high of $84,220 before retracing to the $83,500 mark. According to Martinez, “A sustained breakout could open the door to $91,500.” As of this writing, Bitcoin trades at $83,640, a 1% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin has begun showing early signs of recovery following a recent correction that saw the asset fall to $74,000 earlier this month. At the time of writing, Bitcoin trades above $82,000, inching closer to the $85,000 range with its market capitalization now sitting above $1.6 trillion. A recent market report from CryptoQuant outlines several contributing factors to this rebound. According to the firm, crypto price volatility remained high throughout the week, fueled by trade tensions and macroeconomic developments. Prices dipped sharply earlier in the week after retaliatory tariffs were introduced by China and the European Union. However, they began recovering on April 9 following the tariff suspension. The temporary policy reduced tariffs to 10% for most countries, while China remained subject to a 125% rate. Related Reading: Is The Bitcoin Bottom In After Trump’s Tariff Pause? Here’s What To Expect Bitcoin Technical Support and Market Sentiment CryptoQuant’s report also emphasized the importance of Bitcoin’s 365-day moving average (MA), which currently stands at $76,100. This level has previously served as a key technical support in historical market cycles, including in August 2024, July 2021, and December 2021. The recent bounce from this level is being closely monitored as a potential base for a renewed uptrend. A breach below this moving average, however, would increase the likelihood of Bitcoin entering a bearish phase. Despite this positive movement, investor sentiment remains subdued. CryptoQuant noted in the report: Nevertheless, although market sentiment has improved after the tariff pause, Bitcoin remains in one of its least bullish phases since November 2022, according to CryptoQuant’s Bull Score Index. The Index is now at 10—its lowest reading since that time—signaling continued weak investor sentiment and a low probability of a sustained rally in the near term. According to the firm, a longer-term rally is unlikely unless the score climbs above 40. Furthermore, with BTC’s price currently on the rise, CryptoQuant mentioned that the asset could find resistance at $84,000 and $96,000—zones historically linked to the Trader Realized Price, which has served as both support and resistance in different market phases. Altcoin Accumulation Signal Emerges In a separate commentary, CryptoQuant analyst Darkfost presented data that may indicate favorable conditions for altcoin accumulation. The analyst observed that the 30-day moving average of trading volume for altcoins paired with stablecoins has dropped below its annual average. This market behavior, according to Darkfost, has previously marked buying zones, with the last occurrence seen in September 2023. The analysis suggests that while Bitcoin’s near-term outlook remains uncertain, altcoins may be entering a phase conducive to dollar-cost averaging (DCA) strategies. Related Reading: Ethereum Long-Term Holders Show Signs Of Capitulation – Prime Accumulation Zone? Darkfost cautioned that these windows can last for weeks or months but have historically aligned with the early stages of altcoin market recoveries. If the macroeconomic environment stabilizes and capital flows return, these conditions could lead to broader participation across the crypto sector. Featured image created with DALL-E, Chart from TradingView
The US Securities and Exchange Commission (SEC) and crypto exchange Binance have asked a US federal judge for an additional two-month pause in their nearly two-year legal battle.“Since the Court stayed this case, the Parties have been in productive discussions, including discussions concerning how the efforts of the crypto task force may impact the SEC’s claims,” both parties said in an April 11 joint status report with the US District Court for the District of Columbia.SEC requests Binance to agree to the extensionAccording to the filing, the SEC requested and Binance agreed to another 60-day extension as the regulator continues to seek permission to “approve any resolution or changes to the scope of this litigation.” “The Defendants agreed that continuing the stay is appropriate and in the interest of judicial economy,” the filing said.The request comes not long after the SEC dropped a string of crypto-related lawsuits against crypto exchanges Coinbase, Kraken, and Gemini, as well as Robinhood and Consenys.At the end of the 60-day period, the SEC and Binance plan to submit another joint status report. This marks the second 60-day pause the SEC and Binance have requested this year, following a previous extension granted by the judge on Feb. 11.The recently launched crypto task force was a key reason behind the request for the second extension. Source: CourtListenerThe request in February came just days after crypto skeptic Gary Gensler stepped down as SEC chair on Jan. 20, with crypto-friendly SEC commissioner Mark Uyeda taking over as acting chair.At the time, the SEC and Binance also cited the establishment of the SEC’s Crypto Task Force as a reason for the pause.Related: Crypto Biz: Ripple’s ‘defining moment,’ Binance’s ongoing purgeFormed just a day after Gensler resigned on Jan. 21, the task force said it aims to “help the Commission draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.” The SEC’s legal battle with Binance has dragged on for almost two years. It began in June 2023 when the agency filed a lawsuit against Binance, its US platform, and CEO Changpeng “CZ” Zhao.The US regulator pressed 13 charges against Binance, including unregistered offers and sales of the BNB and Binance USD tokens, the Simple Earn and BNB Vault products, and its staking program.Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research
Acting SEC Chair Mark Uyeda has hinted that the agency may explore a “sandbox” rule for tokenized securities, according to Fox Business reporter Eleanor Terrett. This could be a short term relief framework for digital assets that could allow both registered and unregistered crypto firms to innovate while the agency frames permanent solutions. She clarified …
Institutional interest and regulatory shifts could significantly boost crypto markets, enhancing their role as a hedge against economic instability.
The post Brad Garlinghouse says Bitcoin at $200,000 ‘is not unreasonable’ as pro-crypto sentiment gains ground in Washington appeared first on Crypto Briefing.
In a major shift from speculation to utility, Pi Coin, one of the most sensational coins in 2025, is gaining real-world traction. Businesses in South Korea and the United States are now accepting the token for everyday transactions. This highlights Pi Network’s growing presence in the digital economy. Curious to know more? Read on! Pi …
Tether Treasury has issued 1 billion $USDT, valued at around $999.4 million. This move expands the total supply of Tether, the world’s largest stablecoin by market capitalization. As $USDT remains crucial for liquidity in the crypto world, this move could impact overall market dynamics. The fresh issuance reflects Tether’s ongoing role in supporting the growing …
Crypto exchange WazirX has delayed the release of its remaining user funds once again, now setting the timeline for May 2025. This move adds to the ongoing wait for users who’ve been expecting their funds back for a while. While the platform mentioned internal reasons for the delay, no clear details were shared. Users will …
It’s been over a month since U.S. President Donald Trump signed a major executive order to set up a Strategic Bitcoin Reserve and a Digital Asset Stockpile, but the public is still waiting on the next big step, the full disclosure of the government’s crypto holdings. ???? ???? BREAKING NEWS:In the “Establishment of the Strategic …
According to a recent X post by seasoned crypto analyst Ali Martinez, Ethereum (ETH) may have already gone through its capitulation phase for this market cycle. Notably, the second-largest cryptocurrency by market cap is down more than 55% over the past year. Is Ethereum Capitulation Over? Unlike Bitcoin (BTC) and altcoins such as XRP, Solana (SOL), and SUI, Ethereum has endured a challenging two-year stretch. The cryptocurrency was trading at $1,892 exactly two years ago, on April 11, 2023, and is now priced around $1,560 – over 17% lower. Related Reading: Is Ethereum Repeating Its 2020 Trend Reversal? Analyst Predicts ETH To ‘Explode’ In Q2 2025 In contrast, BTC has surged from approximately $41,000 two years ago to $82,127 at the time of writing – an increase of nearly 100%. While SOL currently trades below its April 2023 price, unlike ETH, it did manage to reach a new all-time high (ATH) of $293 earlier this year in January. Understandably, sentiment toward ETH – among both retail and institutional investors – is hovering near all-time lows. However, Martinez believes that “smart money” may be accumulating at current levels, anticipating a near-term reversal. The analyst pointed out that Ethereum’s Entity-Adjusted Dormancy Flow has recently dropped below one million. Martinez added: This historically indicates a macro bottom zone, meaning $ETH might be undervalued and long-term holders are less inclined to sell. It also suggests: sentiment is low, capitulation may have occurred, smart money might be accumulating. For the uninitiated, Ethereum’s Entity-Adjusted Dormancy Flow is an on-chain metric that compares the market cap to the dormancy – the average age of ETH being moved – adjusted for unique entities instead of raw addresses. The metric helps identify whether the market is overheated or undervalued by tracking the behavior of long-term holders. If ETH follows historical trends, it may be approaching a momentum reversal. In a separate X post, crypto trader Merlijn The Trader suggested that Bitcoin Dominance (BTC.D) is nearing a peak, which could shift capital into altcoins and trigger a short-term rally. At the time of writing, BTC.D stands around 63.5%. A potential pivot by the US Federal Reserve toward quantitative easing (QE) could inject fresh liquidity into the market, possibly sparking a mini altcoin rally. ETH Demands Cautious Optimism While there are multiple signs that ETH may be close to bottoming out, some indicators suggest that there could be continued weakness for the digital asset before any meaningful momentum shift. Related Reading: Analyst Spots Key Ethereum Resistance Levels While RSI Hints At Bullish Divergence In a recent analysis, Martinez warned that ETH could fall as low as $1,200 if the current sell-off continues. Further, ongoing capital outflows from US-based spot Ethereum exchange-traded funds (ETF) remain a concern for the asset’s short-term outlook. That said, crypto analyst NotWojak recently noted that ETH may be on the verge of a breakout, with a potential upside target of $1,835. At press time, ETH is trading at $1,557, down 2.3% in the past 24 hours. Featured image created with Unsplash, charts from X and TradingView.com
Sei (SEI), a fast-growing Layer 1 blockchain focused on optimizing crypto trading and DeFi development, has received significant support from Donald Trump-backed World Liberty Finance (WLFI). After concluding one of the most heavily subscribed token sales in recent history, World Liberty Finance has been engaged in strategic token purchases. According to on-chain data, World Liberty …
Pi Network has launched Pi Ad Network where developers can now monetize their apps and reach more users directly through the Pi browser boosting their incomes. This update also helps to grow the whole Pi ecosystem as it encourages wider adoption. Pi Ad Network: Platform-Level Utility Developers can now expand their business and earn revenue …
Teucrium’s latest offering, the 2X Daily Long XRP ETF, is drawing major investor attention as it records five consecutive days of inflows. This consistent demand signals rising institutional interest in XRP-related products, especially after recent legal clarity surrounding Ripple. Teucrium’s CEO Sal Gilbertie called the new 2x XRP ETF their “most successful launch ever.” In …
World Liberty Fi, a project linked to US President family, has purchased SEI tokens, worth at least $775,000. The investment has triggered excitement among SEI enthusiasts. Notably, the SEI market has recorded an impressive surge of 7.8% in the last 24 hours. In the last one hour alone, the market has climbed by nearly 3.4%. …
Trump’s World Liberty wallet recently spent $775K in USDC to purchase 4.89 million SEI tokens. This brings the wallet’s total crypto spending to a whopping $346.8 million across 11 different tokens. However, not one of those investments is in profit. In fact, the wallet is currently sitting on a total unrealized loss of $145.8 million. …
Bitcoin has seen modest upward momentum in the past 24 hours, climbing back above $83,000 following a recent correction period. The move comes shortly after US President Donald Trump announced a temporary 90-day pause on tariffs, offering a degree of relief to global financial markets. Though the asset remains down approximately 24% from its all-time high of over $109,000 set in January, its recent decline has now been trimmed to single digits on a weekly scale. This recovery coincides with increased interest from large-scale Bitcoin holders. Related Reading: Analyst Compares Trump’s Market Impact to Obama Era as Bitcoin Sees Momentum $3.6 Billion Inflows Suggest Renewed Institutional Activity On April 9, accumulation addresses—wallets associated with long-term investors that rarely distribute funds—received a notable 48,575 BTC, according to on-chain data shared by CryptoQuant analyst Burak Kesmeci. This inflow, the largest since February 2022, totaled approximately $3.6 billion in value. The timing, according to Kesmeci, is significant: it mirrors a similar event from the past, both in scale and macroeconomic backdrop. Kesmeci emphasized that these accumulation wallets typically increase holdings during market pullbacks. The April 9 transaction occurred when Bitcoin traded around $76,000, a level tested during last week’s sell-off triggered by concerns over renewed trade tensions. The volume and pattern of inflows suggest a recurring strategy among institutional or long-term market participants whereby they capitalize on corrections and accumulate during uncertainty. Interestingly, the total value of the inflows—$3.6 billion—matches that of February 1, 2022, another period marked by broader macroeconomic instability. While this could be coincidental, Kesmeci noted that the repetition of such behavior in response to macro-driven price declines may indicate a deeper behavioral trend among accumulation address holders. Massive $3.6 Billion Bitcoin Inflow to Accumulation Addresses! “Bitcoin accumulation addresses received 48,575 BTC — the largest single-day inflow since February 1, 2022. When accumulation addresses move this aggressively, it’s worth paying attention.” – By @burak_kesmeci pic.twitter.com/MVIFUcXKWz — CryptoQuant.com (@cryptoquant_com) April 10, 2025 Bitcoin Whales Increase Reserves Despite Weak Network Activity Adding to the accumulation narrative, another CryptoQuant analyst known as caueconomy noted that whale wallets—addresses holding large BTC balances—have resumed consistent buying since March. According to caueconomy, more than 100,000 BTC has been added to whale reserves in that timeframe. This comes despite the subdued on-chain activity and a visible pullback in retail participation. The distinction between investor profiles has become clearer in recent months. While smaller investors appear to be withdrawing amid heightened market uncertainty, large holders are taking advantage of lower prices to strengthen their positions. Related Reading: Bitcoin Battles Tariff Turmoil: Can the 2-Year Realized Price Hold the Line? The strategy, according to caueconomy, aims to reduce average acquisition costs and position for long-term gains. This divergence in behavior may not translate to immediate price shifts but could set the stage for a more pronounced upward move once broader sentiment recovers. Featured image created with DALL-E, Chart from TradingView
On April 11, Bitcoin spot ETFs recorded a net outflow of $1.03 million, marking their seventh straight day of losses. Ethereum spot ETFs were hit even harder, with a net outflow of $29.2 million — their fourth consecutive day of outflows. The ongoing streaks suggest growing investor caution in the crypto ETF space. With both …
Tron founder Justin Sun says he’s unaware of the recent rumors surrounding former Binance CEO Changpeng “CZ” Zhao following reports alleging that Zhao provided evidence against him as part of his plea deal with the US Department of Justice (DOJ).“I’m not aware of the circulating rumors. CZ is both my mentor and a close friend,” Sun said in an April 11 X post. Sun brushes off CZ rumors“He has played a crucial role in supporting me during my entrepreneurial journey,” Sun added.Sun’s X post came just hours after speculation grew over an April 11 Wall Street Journal report, which alleged that Zhao agreed to provide evidence on Sun as part of his plea deal, citing sources familiar with the matter. Source: dbZhao was sentenced to four months in prison in April 2024 for Anti-Money Laundering (AML) violations.The report added, “that arrangement hasn’t previously been reported.”Zhao hasn’t publicly addressed the reports at the time of publication, but the day before, he warned his 10 million X followers that he had been told a “baseless hit piece” about him was being written.Sun commended Zhao’s integrity and said that the DOJ is one of T3 Financial Crime Unit’s (T3 FCU) — which Tron co-founded along with Tether and TRM Labs — “closest and most trusted partners.” “To this day, his conduct and principles remain the highest standard I strive to follow as a founder,” Sun said of Zhao. Sun added:“Whether it’s CZ or our partners at the DOJ, we maintain direct, honest communication at all times. I have full trust in each and every one of them.”Zhao walked free from a US federal prison on Sept. 27. With a reported net worth of approximately $60 billion at the time, Zhao is the wealthiest person ever to serve a prison sentence in the US.Source: Justin SunMeanwhile, on Feb. 26, the US Securities and Exchange Commission and Sun asked a federal court to pause the regulator’s case against the crypto entrepreneur to allow for settlement talks.In March 2023, the SEC sued Sun and three of his companies, the entity behind Tron, the Tron Foundation and the file-sharing platform backers the BitTorrent Foundation and its San Francisco-based parent firm, Rainberry Inc.Cointelegraph reached out to the US Department of Justice but did not receive a response by time of publication.
Trump’s tariffs kept the markets on edge throughout the week causing havoc in global stocks. At the start of the week, stocks and crypto saw a sharp drop as new tariffs were looming. But as soon as Trump announced a 90-day pause on the tariffs on all countries except China, the markets swiftly rebounded. Bitcoin …
April 12, 2025 06:05:53 UTC XRP Price Climbs to $2.02 as SEC-Ripple Appeals Put on Hold The U.S. SEC and Ripple Labs have jointly filed a motion to pause their appeals in the ongoing legal battle. XRP price has moved up 1.72% in the past 24 hours to $2.02 while also taking its market cap …
New SEC leadership under Trump is changing the crypto game by letting go of all the crypto cases of past leadership. In one such move, the ongoing legal battle between the U.S. SEC and Binance has been officially paused for another 60 days. This move comes after what both sides have described as “productive discussions,” …
The crypto spotlight is back on Binance founder Changpeng Zhao (CZ), as a new Wall Street Journal (WSJ) report claims he agreed to provide evidence against Tron founder Justin Sun as part of his plea deal with the U.S. Department of Justice (DOJ). While CZ has yet to comment directly on the allegation, he has …
Bitcoin maximalist Samson Mow has doubled up on his value criticism of Ethereum’s price, asserting ETH is still overvalued despite Bitcoin’s price almost quadrupling since 2022. The JAN3 CEO referred to the glaring disparity in performance between the two top cryptocurrencies over a near three-year span. Related Reading: XRP ETF Launch Impresses Even In Bear Market, Says Analyst Price Gap Grows As Bitcoin Rises According to data, Ethereum now sits at $1,558, essentially the same as its August 2022 price of $1,600. Meanwhile, Bitcoin has climbed from $21,500 to $82,302 – an eye-popping 270% rise. The widening gap has only served to bolster Mow’s contention that Ethereum’s price does not correlate with its fundamentals. Mow re-tweeted his August 23, 2022 post this week to emphasize his steadfast stance. His criticism focuses on supply variations between the cryptocurrencies. Bitcoin has less than 21 million overall coins, while Ethereum boasts 122 million circulating tokens. #Ethereum is overvalued. 1 BTC = $21.5k 1 ETH = $1.6k 21M BTC supply (actually less) 122M ETH supply (72M premined) Adjusted for unit bias (ETH price at 21M units) one ETH would be $9.3k. So some people are paying $9.3k per unit of something that’s 60% printed from thin air. — Samson Mow (@Excellion) August 23, 2022 ‘60% Minted Out Of Thin Air’ Claim Targets Ethereum’s Origins Based on Mow’s quotations, about 72 million ETH tokens (approximately 60% of the supply) were premined at the time of Ethereum’s launch. Token creation before the start of public mining has been quite an issue for purists in cryptocurrency for some time. Possibly, the Bitcoin maximalist suggested that if 21 million coins were all there would be in supply for Ethereum like in Bitcoin, then each ETH would be valued today at around $9,300. Mow is again targeting investors in Ethereum, saying they are paying too much for an asset whose supply is exaggerated. Sensitive To Macroeconomic Forces Ethereum recently fell to a multi-year low of $1,380 on the back of global tariff trade war tensions. The cryptocurrency bounced back immediately to $1,680 on April 9 after US President Donald Trump declared a three-month tariff tariff hike pause on various countries, with China being the exception. These movements illustrate how both cryptocurrencies are still sensitive to macroeconomic forces even as they have different value propositions and market performances. Ether down in the last week. Source: Coingecko Related Reading: From Joke To Juggernaut: Dogecoin Value Revolution Gets Nod From Global Asset Giant Long-Standing Campaign Against Ethereum Continues This is not Mow’s first time criticizing Ethereum. He has been vocal against ETH for years. In November 2024, he cautioned investors that the fate of Ethereum could be the same as their favorite tokens. Mow, who forecasts Bitcoin to hit $1 million this year, has told investors to sell everything, including Ethereum, and invest in Bitcoin instead. The debate underscores deep-seated differences in cryptocurrency investment philosophies. While Bitcoin maximalists such as Mow focus on scarcity and Bitcoin’s “digital gold” status, Ethereum supporters highlight the platform’s smart contract abilities and wider applications ecosystem. As the price differential between the two leading cryptocurrencies continues to expand, these debates regarding relative value and suitable pricing models draw greater interest from investors and market analysts in common. Featured image from Reuters, chart from TradingView
The second roundtable hosted by the SEC’s Crypto Task Force was held in Washington, with the purpose of addressing how the existing regulatory framework can better facilitate crypto asset trading in the United States. Mark Uyeda opens the event Acting Chairman Mark Uyeda presided over the session, joined by Commissioners Hester Peirce and Caroline Crenshaw. …
The situation highlights potential strains in crypto industry alliances and underscores the complex interplay between regulatory scrutiny and corporate relationships.
The post Justin Sun downplays WSJ report of CZ cooperating with DOJ against him appeared first on Crypto Briefing.
On a recent appearance on The Claman Countdown with Liz Claman on Fox Business, Ripple CEO Brad Garlinghouse shared his thoughts on the current state of the cryptocurrency market, including Bitcoin’s recent price drop and Ripple’s latest strategic move. Claman pointed out that Bitcoin, which surged to a high of $107,000 after the election, has …
On-chain data shows the large Bitcoin wallets have witnessed notable growth recently, a sign that confidence around the asset may be going up. Bitcoin Wallets With 10+ Tokens Have Seen Their Count Go Up Recently In a new post on X, the on-chain analytics firm Santiment has discussed about how the trend in the Supply Distribution has looked for the cryptocurrency’s key holders. The “Supply Distribution” here is an indicator that measures, among other things, the number of wallets that belong to a particular group. The investors or addresses are divided into these cohorts based on the number of tokens that they are holding in their balance. Related Reading: Bitcoin Dominance: BTC’s MVRV Outpaces ETH’s For Record 812 Days The 1 to 10 coins group, for instance, includes all investors who own between 1 and 10 tokens. In the context of the current topic, the coin range of interest is the 10+ coins one (with the upper limit being infinity). At the current exchange rate, the cutoff for this range converts to around $821,000, so the only investors who would be able to qualify for it would be the large ones. Two key cohorts in particular fall in this range: the sharks and whales. The influence of any entity in the market goes up the more coins that they hold, so the sharks and whales with their sizeable holdings can occupy an important spot in the ecosystem. As such, the trends related to them can be worth keeping an eye on. The Supply Distribution allows for one such way to track these investors. Below is the chart for the indicator shared by the analytics firm that shows the trend in its value over the last few months: As displayed in the graph, the Bitcoin Supply Distribution for the 10+ coins range was following a slight overall downtrend during the last few weeks, but in the past day, the metric’s value has seen a turnaround. This suggests that the sharks and whales are now growing in number again. The reversal in the population of these large entities has come as US President Donald Trump has announced a 90-day pause on the tariffs for most countries. The tariffs had earlier unleashed FUD on the market, leading to a crash for BTC and other digital assets. With the news of the pause, however, the coins have shown a rebound. Related Reading: Bitcoin Breakout Above This Level Could Set Stage For $208,550 Top, Analyst Says During the jump, wallets with 10+ coins have gone up by 132, which is the largest jump since February 20th. The analytics firm notes that this indicates “a higher level of confidence from crypto’s key stakeholders.” It now remains to be seen whether the big-money investors would continue to buy into Bitcoin in the coming days or not. BTC Price At the time of writing, Bitcoin is trading around $82,100, down around 1% in the last week. Featured image from Dall-E, Santiment.net, chart from TradingView.com
A fast-tracked temporary crypto regulatory framework could bolster innovation within the US crypto industry while permanent regulations are still in the works, says acting US Securities and Exchange Commission (SEC) Chair Mark Uyeda.“A time-limited, conditional exemptive relief framework for registrants and non-registrants could allow for greater innovation with blockchain technology within the United States in the near term,” Uyeda said at the SEC’s April 11 Crypto Task Force roundtable titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading.”Relief measures may address immediate challengesUyeda said this might be the short-term answer as the SEC works toward a “long-term solution” at the roundtable with SEC members and crypto industry executives, including Uniswap Labs’ Katherine Minarik, Cumberland DRW’s Chelsea Pizzola and Coinbase’s Gregory Tusar.He flagged state-by-state regulation of crypto trading as a concern, warning it could lead to a “patchwork of state licensing regimes.” Uyeda said that a favorable federal regulatory framework would ease the burden for market participants wishing to offer tokenized securities and non-security crypto assets, allowing them to operate under a single SEC license instead of navigating “fifty different state licenses.”He urged crypto market participants to share feedback on areas where “exemptive relief” could be appropriate.Source: US Securities and Exchange CommissionUyeda also reiterated the benefits of blockchain technology in financial markets during the roundtable discussion. “Blockchain technology offers the potential to execute and clear securities transactions in ways that may be more efficient and reliable than current processes,” Uyeda said.Uyeda to fill chair position until Atkins is sworn in“Blockchains can be used to manage and mobilize collateral in tokenized form to increase capital efficiency and liquidity,” he added.Uyeda will continue serving as acting SEC chair until US President Donald Trump’s nominee, Paul Atkins, is officially sworn in.On April 10, the US Senate confirmed Atkins as chair of the SEC in a 52-44 vote largely along party lines. Related: SEC, Ripple file joint motion to pause appeals in XRP caseUyeda has served as acting SEC chair since Jan. 20, succeeding former chair and crypto skeptic Gary Gensler. He’s been widely seen within the industry as a pro-crypto advocate.On March 18, Cointelegraph reported that Uyea said the SEC could change or scrap a rule proposed under the Biden administration that would tighten crypto custody standards for investment advisers.“I have asked the SEC staff to work closely with the crypto task force to consider appropriate alternatives, including its withdrawal,” Uyeda said.Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research
In a newly published chart analysis, crypto analyst Egrag (@egragcrypto) posits that XRP may be on the cusp of a significant price breakout reminiscent of its previous cycle peaks. The data, which spans from late 2013 through 2025, highlights multiple instances in which XRP went through a protracted bear market before staging an explosive rally. Two particular examples stand out in Egrag’s assessment: the 2017 surge in which XRP rose over 2,700% from its pre-rally price levels, and the 2021 run-up that saw the asset climb by more than 1,000%. Egrag Predicts XRP Surge To $19–$45 The chart reveals a consistent framework that relies on the interplay between the 21-week Exponential Moving Average (EMA) and the 33-week Simple Moving Average (MA). These moving averages are shown crossing during bearish cycles and then eventually curving upward, implying the formation of a bottom. Related Reading: 62.8% Of XRP Realized Cap Held By New Investors: Sign Of Fragility? Historically, XRP’s final bullish legs—often culminating in “blow-off tops”—began once the price retook the 21 EMA and the 33 MA, with the 777-day (and in one instance, 770-day) window before those bullish crosses recurring as a noteworthy time cycle. “Men lie, women lie, but charts don’t,” says Egrag. “I’m not improvising here; I’m relying on historical data to present future predictions. Will it rhyme exactly? No, because if it were that easy, everyone would be a multimillionaire!” According to the chart, XRP has already mirrored some of the patterns seen in 2017 and 2021, a parallel that leads Egrag to posit two potential price targets if the token completes another blow-off top scenario. While he acknowledges various complicating factors, the analyst believes XRP could rally as much as 2,700%—taking the asset to approximately $45—or, in a more moderate iteration, 1,050% to just below $20. “Now, here’s my measured move: if #XRP mimics either of these cycles, we could see price movements of 2,700% or 1,050%, putting XRP around $45 or $19!” he notes, referencing the previous explosive expansions. Egrag cites past cycles to support these targets, pointing to how XRP found support at the 21 EMA in 2017 just before launching into its last blow-off phase. In 2021, the coin rallied once it decisively broke above both the 21 EMA and 33 MA. Related Reading: XRP Primed for a Comeback as Key Technical Signal Hints at Explosive Move To underscore the method behind using both indicators, Egrag adds that “market makers use the same moving averages to see where support and resistance are and act against us. So I am using different moving averages—one is fast (exponential) and one is simple—to understand price action better.” He emphasizes these signals are lagging indicators but can still confirm whether market sentiment is shifting from bearish to bullish. Notably, Egrag’s personal long-standing target for XRP has been $27. He underlines that nothing is guaranteed, especially in a market characterized by what he calls “human reactions and behaviors.” Quoting a line from the film Margin Call, he explains, “You cannot control it, stop it, or slow it, or even slightly alter it…you have to just react. Make a lot of money if you get it right, or you’ll be left by the side of the road if you get it wrong.” Yet he notes that it is wise to strategize selling—or “DCA (Dollar-Sell-Average)—if circumstances call for it, to mitigate risk. At press time, XRP traded at $2.00. Featured image created with DALL.E, chart from TradingView.com