On Monday, Bitcoin slipped as low as $74,700.
The market is bouncing back after Trump paused plans to raise tariffs, and recent inflation data (CPI and PPI) showed signs of slowing down. Because of this, altcoins are holding strong, and XRP is looking to make a big move past the $2 mark. With several indicators showing growth, buyers seem to be in control …
US Senators Thom Tillis (R-NC) and John Hickenlooper (D-CO) have reintroduced a legislative measure to prevent digital asset custodians from co-mingling customer funds with institutional or proprietary capital. The bill, dubbed the Proving Reserves of Others Funds (PROOF) Act, also mandates monthly third-party inspections of custodial reserves, building on standards already used informally across the […]
The post Senators reintroduce legislation to tighten rules on crypto custody appeared first on CryptoSlate.
Neel Kashkari, President of the Minneapolis Federal Reserve, addressed the issue of rising Treasury yields on April 11, suggesting that they might indicate a shift in investor sentiment away from United States government debt. Kashkari highlighted that the Federal Reserve has tools to provide more liquidity if necessary.While underscoring the importance of maintaining a strong commitment to reducing inflation, Kashkari’s remarks signal a possible turning point for Bitcoin (BTC) investors amid growing economic uncertainty. US Treasury 10-year yields. Source: TradingView / CointelegraphThe current 10-year US government bond yield of 4.5% is not unusual. Even if it approaches 5%, a level last seen in October 2023, this does not necessarily mean investors have lost confidence in the Treasury's ability to meet its debt obligations. For example, gold prices only surpassed $2,000 in late November 2023, after yields had already decreased to 4.5%.Will the Fed inject liquidity, and is this positive for Bitcoin?Rising Treasury yields often signal concerns about inflation or economic uncertainty. This is crucial for Bitcoin traders because higher yields tend to make fixed-income investments more appealing. However, if these rising yields are perceived as a sign of deeper systemic issues—such as waning confidence in government fiscal policies—investors may turn to alternative hedges like Bitcoin.Bitcoin/USD (left) vs. M2 global money supply. Source: BitcoinCounterFlowBitcoin’s trajectory will largely depend on how the Federal Reserve responds. Liquidity injection strategies typically boost Bitcoin prices while allowing higher yields could increase borrowing costs for businesses and consumers, potentially slowing economic growth and negatively impacting Bitcoin’s price in the short term.One strategy the Federal Reserve could use is purchasing long-term Treasurys to reduce yields. To offset the liquidity added through bond purchases, the Fed might simultaneously conduct reverse repos—borrowing cash from banks overnight in exchange for securities. A weak US dollar and banking risks could pump Bitcoin priceWhile this approach could temporarily stabilize yields, aggressive bond purchases might signal desperation to control rates. Such a signal could raise concerns about the Fed’s ability to manage inflation effectively. These concerns often weaken confidence in the dollar’s purchasing power and may push investors toward Bitcoin as a hedge.Another potential strategy involves providing low-interest loans through the discount window to give banks immediate liquidity, reducing their need to sell long-term bonds. To counterbalance this liquidity injection, the Fed could impose stricter collateral requirements, such as valuing pledged bonds at 90% of their market price.Systemic risk in the US financial services industry. Source: Cleveland FedThis alternative approach limits banks’ access to cash while ensuring borrowed funds remain tied to collateralized loans. However, if collateral requirements are too restrictive, banks might struggle to obtain sufficient liquidity even with access to discount window loans. Related: Bitcoiners’ ‘bullish impulse’ on recession may be premature: 10x ResearchAlthough it is too early to predict which path the Fed will take, given the recent weakness in the US dollar alongside a 4.5% Treasury yield, investors might not place full trust in the Fed’s actions. Instead, they may turn to safe-haven assets such as gold or Bitcoin for protection.Ultimately, rather than focusing solely on the US Dollar Index (DXY) or the US 10-year Treasury yield, traders should pay closer attention to systemic risks in financial markets and the spreads on corporate bonds. As these indicators rise, confidence in the traditional financial systems weakens, potentially setting the stage for Bitcoin to reclaim the psychological $100,000 price level.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.
Hundreds of people were collectively conned out of $21 million in a crypto investment scam driven by AI impersonations, police said.
Bitcoin is facing a crucial test as its price continues to swing without clear direction, navigating a tense and uncertain macroeconomic environment. While volatility persists, many analysts believe the worst phase of the correction may be over. After dropping over 30% from its all-time high, Bitcoin has managed to hold above key support levels, reinforcing short-term optimism. Related Reading: Solana Eyes $200 Target As It Gains Momentum – Recovery Could Mirror 3-Month Downtrend However, global tensions—driven by escalating trade disputes and aggressive tariff policies from the US—are shaking financial markets. The specter of a global recession looms large, making investors cautious across both traditional and digital asset classes. Despite the noise, on-chain data from Glassnode adds a layer of optimism. According to their latest analysis, 63% of Bitcoin’s circulating supply has not moved in at least one year. This historic level of dormant supply highlights the growing conviction among long-term holders, who are weathering the current volatility without panic. Such behavior reinforces the belief that Bitcoin’s foundation remains solid, even as short-term traders exit the market. The strong hands are holding firm, and their resilience could lay the groundwork for the next major move—once macroeconomic conditions begin to stabilize. Bitcoin Holds Strong Amid Global Volatility: Rising Long-Term Conviction Massive price swings continue to shake both crypto and equities markets as volatility intensifies in response to rising global tensions and unresolved macroeconomic threats. Bitcoin, however, has held strong above the $81K level, suggesting that a potential recovery may be taking shape. The 90-day pause on U.S. tariffs—excluding China—offered temporary relief, but uncertainty still dominates investor sentiment. Ongoing trade conflicts between the United States and China threaten global economic stability, with many analysts warning of a potential recession if no resolution is reached. These fears are weighing heavily on risk assets across the board. Despite the challenging backdrop, Bitcoin’s performance suggests underlying resilience. Bulls are gradually regaining momentum after the recent sharp correction, and many market watchers believe the worst phase of the drawdown may be over. Adding to the optimism, top analyst Quinten Francois shared Glassnode data revealing that 63% of the Bitcoin supply has not moved in at least a year. This metric, often associated with strong long-term conviction, shows that the majority of Bitcoin holders are choosing to hold through volatility rather than sell into weakness. It reflects a maturing investor base with confidence in Bitcoin’s long-term value, even amid global uncertainty. If current support levels continue to hold and macro conditions stabilize, Bitcoin may be on the verge of a sustained recovery. Related Reading: Ethereum Long-Term Holders Show Signs Of Capitulation – Prime Accumulation Zone? BTC Price Stalls Below Key Resistance After Bullish Surge Bitcoin is currently trading at $82,600 following a strong surge that helped the asset recover from recent lows. The move has brought some short-term optimism to the market, especially as BTC managed to reclaim the $81K level—a key support zone that now needs to hold for bullish momentum to continue. However, significant resistance lies ahead. The price stopped near the 4-hour 200 Moving Average, currently sitting around $83,500. This technical level has consistently acted as a short-term barrier since Bitcoin lost the $100K mark, and bulls need a decisive breakout above it to confirm the beginning of a true reversal. If Bitcoin can break and hold above $83,500, the next immediate target is the $85K zone. Reclaiming that range could open the path for a push toward the $88K–$90K resistance band and potentially resume the longer-term uptrend. Related Reading: Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours – Risk-Off Or Panic Selling? On the flip side, failing to hold above $81K would signal weakness and likely invite renewed selling pressure. A breakdown below $80K would reinforce bearish sentiment, possibly triggering a fresh wave of panic selling and sending BTC back toward the $75K support zone. Bulls must act quickly to defend current levels and push higher. Featured image from Dall-E, chart from TradingView
A key Bitcoin (BTC) metric signaled a potential shift in its positioning after BTC’s long-term holder realized cap (LTH Realized Cap) surpassed $18 billion for the first time since September 2024. Data from CryptoQuant indicated that this cohort has exhibited aggressive accumulation, which previously marked the BTC bottom in Q3 2024. The LTH realized cap measures the BTC cost basis of investors, holding their allocation for 155 days or more. A sharp increase hints that these long-term holders are in an accumulation phase, parallel with bullish behavior. Bitcoin LTH net position realized cap. Source: CryptoQuantAs illustrated in the chart, a spike in this metric has preceded bullish rallies in the past. Most recently, the LTH realized cap reached $18 billion on Sept. 8, 2024, after which Bitcoin registered 100% returns over the next few months. Another key confluence that matches the current bottom setup with September 2024 is the significant drop in open interest. BTC’s OI reached an all-time high of $39 billion in July but dropped by 25% by September. Similarly, Bitcoin’s open interest dropped 28% between Dec. 18 and April 8, Bitcoin open interest. Source: CoinGlassThe concurrent rise in LTH Realized Cap and a leverage wipeout strongly support the likelihood of a Bitcoin price bottom. However, Bitcoin’s open interest has surged by nearly 10% in the past 24 hours, suggesting that the price action following this spike could offer better directional bias in the coming days. Related: Bitcoiners’ ‘bullish impulse’ on recession may be premature: 10x ResearchBitcoin builds support at $79KAfter forming a new yearly low at $74,500 on April 7- April 9, BTC prices have rallied by almost 10% over the past three days. With respect to price levels below the $80,00 level, Glassnode data revealed that BTC had established credible support at the $79,000. In an X post, the data analytics platform mentioned, “Looking at Cost Basis Distribution, Bitcoin has built notable support at $79K, with ~40K BTC accumulated there. It has also worked through the $82.08K cluster (~51K BTC).”Bitcoin heatmap based on cost basis distribution. Source: X.comAs illustrated in the April 6- April 11 heatmap, supply distribution highlights investor accumulation patterns. This follows Bitcoin’s rally past $81,000, spurred by a 2.4% US CPI rate and President Trump’s 90-day tariff pause, with market sentiment leaning toward cautious optimism for a relief rally. Likewise, anonymous technical analyst Cold Blooded Shiller noted a descending trendline for Bitcoin, with BTC price testing a potential bullish breakout. The analyst said, “Got to admit, that's looking very enticing for BTC.”Bitcoin 1-day chart analysis by Cold Blooded Shiller. Source: X.comRelated: Bollinger Bands creator says Bitcoin forming 'classic' floor near $80KThis 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.
Swedish Member of Parliament Rickard Nordin has formally questioned the government about whether it will allow the central bank to add Bitcoin (BTC) to the country’s foreign currency reserves. In an official written inquiry submitted to Finance Minister Elisabeth Svantesson, Nordin referenced international momentum and a growing global debate on the role of digital assets […]
The post Swedish lawmaker urges government to establish Bitcoin reserve amid global economic shifts appeared first on CryptoSlate.
Trump kills DeFi broker rule in major crypto win: Finance Redefined, April 4–11In a significant win for decentralized finance (DeFi) protocols, US President Donald Trump overturned the Internal Revenue Service’s DeFi broker rule, which would have expanded existing reporting requirements to include DeFi platforms.Increasing US crypto regulatory clarity will attract more tech giants to the space, requiring existing crypto projects to focus on more collaborative tokenomics to survive, according to Cardano founder Charles Hoskinson.Trump signs resolution killing IRS DeFi broker ruleTrump signed a joint congressional resolution overturning a Biden administration-era rule that would have required DeFi protocols to report transactions to the Internal Revenue Service.Set to take effect in 2027, the IRS DeFi broker rule would have expanded the tax authority’s existing reporting requirements to include DeFi platforms, requiring them to disclose gross proceeds from crypto sales, including information regarding taxpayers involved in the transactions.Trump formally killed the measure by signing off on the resolution on April 10, marking the first time a crypto bill has been signed into US law, Representative Mike Carey, who backed the bill, said in a statement.“The DeFi Broker Rule needlessly hindered American innovation, infringed on the privacy of everyday Americans, and was set to overwhelm the IRS with an overflow of new filings that it doesn’t have the infrastructure to handle during tax season,” he said.Continue readingCrypto needs collaborative tokenomics against tech giants — HoskinsonThe next generation of cryptocurrency projects must embrace a more collaborative approach to compete with major centralized tech companies entering the Web3 space, according to Cardano founder Charles Hoskinson.Speaking at Paris Blockchain Week 2025, Hoskinson said one of the main criticisms of the crypto and DeFi space is its “circular economy,” which often means that the rally of a specific cryptocurrency is bolstered by funds exiting another token, limiting the growth of the whole industry.Hoskinsin said that to have a chance against the centralized technology giants joining the Web3 industry, cryptocurrency projects need more collaborative tokenomics and market structure.Hoskinson on stage at Paris Blockchain Week. Source: Cointelegraph“The problem right now, with the way we’ve done things in the cryptocurrency space, is the tokenomics and the market structure are intrinsically adversarial. It’s sum 0,” said Hoskinson. “Instead of picking a fight, what you have to do is you have to find tokenomics and market structure that allows you to be in a cooperative equilibrium.”He argued that the current environment often sees one crypto project’s growth come at the expense of another rather than contributing to the sector’s overall health. He added that this is not sustainable in the face of trillion-dollar firms like Apple, Google and Microsoft, which may soon join the Web3 race amid clearer US regulations.Continue readingBitcoin’s 24/7 liquidity: Double-edged sword during global market turmoilBitcoin and other cryptocurrencies are often praised for offering around-the-clock trading access, but that constant availability may have contributed to a steep sell-off over the weekend following the latest US trade tariff announcement.Unlike stocks and traditional financial instruments, Bitcoin (BTC) and other cryptocurrencies enable payments and trading opportunities 24/7 thanks to the accessibility of blockchain technology.After a record-breaking $5 trillion was wiped from the S&P 500 over two days — the worst drop on record — Bitcoin remained above the $82,000 support level. But by Sunday, the asset had plummeted to under $75,000.Sunday’s correction may have occurred due to Bitcoin being the only large tradable asset over the weekend, according to Lucas Outumuro, head of research at crypto intelligence platform IntoTheBlock. “There was a bit of optimism last week that Bitcoin might be uncorrelating and fairing better than traditional stocks, but the [correction] did accelerate over the weekend,” Outumuro said during Cointelegraph’s Chainreaction live show on X, adding:“There’s very little people can sell on a Sunday because most markets are closed. That also enables the correlation because people are panicking and Bitcoin is the largest asset they can sell over the weekend.”Outumuro noted that Bitcoin’s weekend trading can also have upside effects, as prices often rally in calmer conditions.Continue readingBybit recovers market share to 7% after $1.4 billion hackBybit’s market share rebounded to pre-hack levels following a $1.4 billion exploit in February, as the crypto exchange implemented tighter security and improved liquidity options for retail traders.The crypto industry was rocked by the largest hack in its history on Feb. 21, when Bybit lost over $1.4 billion in liquid-staked Ether (stETH), Mantle Staked ETH (mETH) and other digital assets.Despite the scale of the exploit, Bybit has steadily regained market share, according to an April 9 report by crypto analytics firm Block Scholes.“Since this initial decline, Bybit has steadily regained market share as it works to repair sentiment and as volumes return to the exchange,” the report stated.Block Scholes said Bybit’s proportional share rose from a post-hack low of 4% to about 7%, reflecting a strong and stable recovery in spot market activity and trading volumes.Bybit’s spot volume market share as a proportion of the market share of the top 20 CEXs. Source: Block ScholesThe hack occurred amid a “broader trend of macro de-risking that began prior to the event,” which signaled that Bybit’s initial decline in trading volume was not solely due to the exploit.Continue readingNearly 400,000 FTX users risk losing $2.5 billion in repaymentsAlmost 400,000 creditors of the bankrupt cryptocurrency exchange FTX risk missing out on $2.5 billion in repayments after failing to begin the mandatory Know Your Customer (KYC) verification process.About 392,000 FTX creditors have failed to complete or at least take the first steps of the mandatory Know Your Customer verification, according to an April 2 court filing in the US Bankruptcy Court for the District of Delaware.FTX users originally had until March 3 to begin the verification process to collect their claims.“If a holder of a claim listed on Schedule 1 attached thereto did not commence the KYC submission process with respect to such claim on or prior to March 3, 2025, at 4:00 pm (ET) (the “KYC Commencing Deadline”), 2 such claim shall be disallowed and expunged in its entirety,” the filing states.FTX court filing. Source: Bloomberglaw.comThe KYC deadline has since been extended to June 1, giving users another chance to verify their identity and claim eligibility. Those who fail to meet the new deadline may have their claims permanently disqualified.According to the court documents, claims under $50,000 may account for about $655 million in disallowed repayments, while claims over $50,000 could amount to $1.9 billion, bringing the total at-risk funds to more than $2.5 billion.Continue readingDeFi market overviewAccording to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the red.The EOS (EOS) token fell over 23%, marking the week’s biggest decline in the top 100, followed by the Near Protocol (NEAR) token, down over 19% on the weekly chart.Total value locked in DeFi. Source: DefiLlamaThanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.
Bitcoin (BTC) price has rebounded by over 11% from the April. 7 low of $74,400, and analysts believe that onchain and technical indicators point to a sustained recovery.According to popular analyst AlphaBTC, Bitcoin will see a sustained recovery if it holds above $81,500.Bitcoin price reclaimed the $80,000 psychological level after retesting the “weekly open and filling in some of the inefficiency left by the Trump 90-day pause pump,” the analyst said in an April 10 post.“I really want to see it back above 81.5k soon, and we may see a bit more sustained upside as shorts get squeezed.”BTC/USD four-hour chart. Source: AlphaBTCSimilar sentiments were shared by fellow analyst Rekt Capital, who said that Bitcoin needs to produce a weekly close above $80,500 to increase the chances of recovery.“Bitcoin has recently lost the red Weekly level, just confirming BTC isn't out of the woods yet,” Rekt Capital said in an April Post on X. “$BTC needs to stay above red until the Weekly Close for the price to reclaim this Weekly level as support.”BTC/USD weekly chart. Source: Rekt CapitalBitcoin price recovery could be fueled by “seller exhaustion”Bitcoin investors are approaching a degree of “near-term seller exhaustion,” as evidenced by the reduced magnitude of realized losses, according to onchain data from Glassnode. Looking at the 6-hour rolling window for realized losses, the market intelligence firm found that the magnitude of losses realized during these drawdowns has started to decrease with each successive price leg lower.“Bear markets are typically initiated by periods of heightened fear and substantial losses,” Glassnode said in its latest Week On-chain report. “This suggests a form of near-term seller-exhaustion may be starting to develop within this price range.”Bitcoin: 6-hour rolling losses. Source: GlassnodeRelated: Is Bitcoin price going to crash again?Bollinger Bands and W bottom hint at new price highsAfter hitting a five-month low of $74,400 on April 9, Bitcoin retested the lower boundary of the Bollinger Bands (BB) indicator, a line that has supported the price over the last five weeks, data from Cointelegraph Markets Pro and TradingView shows.BTC/USD weekly chart with Bollinger Bands. Source: John Bollinger/TradingViewThis is an encouraging sign from Bitcoin, according to the creator of the Bollinger Bands volatility indicator, John Bollinger. The Bollinger Bands indicator uses standard deviation around a simple moving average to determine both likely price ranges and volatility.Bollinger said that Bitcoin price could be forming the second low of a W-shaped pattern formation — a double-pronged bottom followed by an exit to the upside — on the weekly chart.“Classic Bollinger Band W bottom setting up in $BTCUSD,” Bollinger commented alongside a chart, adding that the pattern “still needs confirmation.”In this situation, Bitcoin’s drop to $76,600 on March 11 was the first bottom, and the recent drop to $74,400 was the second.If confirmed, BTC price could recover from the current levels first toward the neckline of the W-shaped pattern at $88,800 before rising toward the target of the prevailing chart pattern at $106,000. 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.
Regulators in Pakistan have proposed a regulatory framework for digital assets that is compliance-focused, in accordance with rules laid out by the Financial Action Task Force (FATF), the supranational organization that polices finance for money laundering, The Express Tribune reported.According to the report, Pakistan's Federal Investigation Agency (FIA) introduced the regulatory framework to address terrorism financing, money laundering provisions, and Know Your Customer (KYC) controls enforced by the supranational organization. The report cited FIA Director Sumera Azam as saying:"This is a paradigm shift in how Pakistan views digital finance. The policy proposal seeks to strike a historic balance between technological advancement and national security imperatives.”The proposed framework is subject to legislative approval and input from digital asset firms operating in the country, with an expected multi-phased rollout beginning in 2026.Regulators in Pakistan recently spearheaded a regulatory pivot embracing cryptocurrencies after being explicitly anti-crypto for years. The government's anti-crypto stance hit a crescendo in 2023 when Pakistani officials called for a country-wide ban on digital assets.Appointments to the Pakistan Crypto Council. Source: Bilal Bin-Saqib. Source: Bilal Bin-SaqibRelated: Pakistan eyes crypto legal framework to boost foreign investmentPakistan embraces the future of money in regulatory shiftIn May 2023, former minister of state for finance and revenue, Aisha Ghaus Pasha said that Pakistan would never legalize cryptocurrencies due to the potential for digital assets to circumvent FATF regulations.Less than two years later in February 2025 the Finance Ministry of Pakistan signaled a seismic regulatory shift by forming the Pakistan Crypto Council to establish clear crypto regulations in the country and attract foreign investment."Pakistan is a low-cost, high-growth market, with 60% of the population under 30. We have a web3 native workforce ready to build," CEO of the Pakistan Crypto Council Bilal bin Saqib said in a March 20 X post.Binance co-founder Changpeng Zhao meets with Pakistan foreign minister Ishaq Dar. Source: Pakistan’s Ministry of Foreign AffairsThe Council is exploring using excess energy to mine Bitcoin (BTC) as part of a broader effort to turn Pakistan into an international hub for crypto mining.On April 7, the Council appointed Binance co-founder Changpeng Zhao as a crypto adviser to guide the organization's policy efforts.Magazine: How crypto laws are changing across the world in 2025
Securities and Exchange Commission (SEC) acting chairman Mark Uyeda has suggested the potential creation of a conditional regulatory sandbox for blockchain-based securities trading. Uyeda made the remarks during the SEC Crypto Task Force’s second roundtable on April 11, which focused on crypto trading platforms. He proposed a time-limited, conditional exemptive relief framework to support continued […]
The post SEC acting chair signals support for regulatory sandbox to facilitate crypto trading innovation appeared first on CryptoSlate.
Interim SEC Chairman Mark Uyeda hints at interest in a short-term solution for overseeing crypto firms while the agency contemplates permanent rules.
The S&P 500 Index briefly experienced Bitcoin-level volatility in the wake of US President Donald Trump’s April 2 “Liberation Day” tariff announcement, underscoring the panic and fear gripping traditional markets amid the ongoing trade war. Bloomberg analyst Eric Balchunas alerted his followers on X that the S&P 500’s volatility, as measured by the “SPY US Equity Hist Vol” chart, reached 74 in early April, exceeding Bitcoin’s (BTC) 71 level. Source: Eric BalchunasThe increase marks a significant deviation from the S&P 500’s long-term volatility average, which is below 20. For Bitcoin though, extreme volatility has been a feature since the asset’s inception. “Bitcoin’s volatility remains elevated at 3.9 and 4.6 times that of gold and global equities, respectively,” according to BlackRock. While Bitcoin’s average volatility has declined over time, it tends to experience much higher price swings than more established assets. Source: BlackRockStocks are experiencing crisis-level volatility due to Trump’s trade war, which threatened duties of anywhere from 10% to 50% on imports from America’s largest trading partners. While Trump has since paused some of his tariffs for 90 days, the administration has ratcheted up duties on Chinese imports to at least 145%. The volatility has also extended into other assets, most notably US Treasurys, which experienced a large sell-off this week. The yield on the 10-year Treasury bond is on track for its steepest rise since 2001.Related: As Trump tanks Bitcoin, PMI offers a roadmap of what comes nextDespite “macro relief,” Bitcoin remains under pressureUS equity markets experienced a historic relief rally on April 9 after Trump’s tariff pause. However, the “macro relief” didn’t extend to Bitcoin or its spot exchange traded funds (ETFs) in any meaningful way, which is a sign that “institutional confidence remains cautious in the near term,” Bitfinex analysts told Cointelegraph in a note. “After January’s record inflows, ETF demand has cooled, with several products seeing net outflows in recent weeks,” the analysts said. “This reflects hesitation among large allocators who may be waiting for more favorable entry points or clearer regulatory guidance.” The US spot Bitcoin ETFs have experienced six consecutive days of outflows. Source: FarsideDespite Bitcoin’s disappointing performance, Bitfinex said the second quarter through the end of 2025 is potentially bullish for the asset class as a whole as “new narratives take hold,” such as sovereign accumulation and growth in real-world asset tokenization.Unchained’s director of market research, Joe Burnett, shared a similar view, arguing that Bitcoin has more attractive characteristics for long-term investors who are worried about government policy and fiat risk impacting their portfolios. While the S&P 500’s volatility spike is likely to be short-lived, Burnett said its recent performance “challenges the long-held belief that traditional markets are safer, less risky, or more stable.” Related: Weaker yuan is 'bullish for BTC' as Chinese capital flocks to crypto — Bybit CEO
Bitcoin (BTC) is showing strength as buyers have pushed the price above $82,500, but higher levels are likely to attract solid selling from the bears. CryptoQuant analysts said in a recent market report that Bitcoin could face resistance around $84,000, but if the level is surpassed, the next stop may be $96,000.Although trade tensions between the United States and China have flared up, institutional crypto investment firm Bitwise remains bullish on Bitcoin. Bitwise chief investment officer Matt Hougan said in a post on X that the firm’s previously predicted year-end target of $200,000 for Bitcoin remains in play.Crypto market data daily view. Source: Coin360However, market participants remain cautious in the near term. The US-listed spot Bitcoin exchange-traded funds continued to witness outflows on April 9 and April 10, according to Farside Investors data. Could Bitcoin break and sustain above the overhead resistance? Will altcoins follow Bitcoin higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin’s recovery from the $73,777 support has reached near the resistance line, which is a critical level to watch out for in the near term.BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day exponential moving average ($82,435) is turning down, but the relative strength index (RSI) has risen close to the midpoint, indicating that the bearish momentum is weakening. The BTC/USDT pair is expected to face intense selling at the resistance line, but if the bulls prevail, the rally could reach $89,000 and then $95,000.Sellers are likely to have other plans. They will try to defend the resistance line and pull the price below the immediate support at $78,500. If they manage to do that, the pair could retest the vital support at $73,777.Ether price analysisEther (ETH) rebounded off the $1,368 support on April 9, but the bulls are struggling to sustain the higher levels.ETH/USDT daily chart. Source: Cointelegraph/TradingViewThe downsloping moving averages and the RSI in the negative territory suggest that the bears hold the edge. Sellers will try to sink the ETH/USDT pair below $1,368. If they can pull it off, the selling could accelerate, and the pair may tumble to $1,150.If buyers want to prevent the breakdown, they will have to quickly push the price above $1,754. That clears the path for a rally to the breakdown level of $2,111. This is an essential level for the bears to defend because a break above $2,111 suggests a short-term trend change.XRP price analysisXRP (XRP) rose back above the breakdown level of $2 on April 9, but the recovery is facing selling at the 20-day EMA ($2.09).XRP/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down from the 20-day EMA, the bears will try to sink the XRP/USDT pair to the critical support at $1.61. Buyers are expected to fiercely defend the $1.61 level because a break below it may clear the path for a decline to $1.27.Alternatively, if the price rises above the 20-day EMA, it suggests that the markets have rejected the breakdown below $2. The pair could rally to the resistance line, where the bears are expected to mount a strong defense.BNB price analysisBNB (BNB) has reached the 20-day EMA ($590), which is an important near-term resistance to watch out for.BNB/USDT daily chart. Source: Cointelegraph/TradingViewSellers will try to defend the zone between the 20-day EMA and the downtrend line, but if the bulls do not give up much ground, it improves the prospects of a break above the overhead resistance zone. The BNB/USDT pair could then ascend to $644.Contrary to this assumption, if the price turns down sharply from the overhead resistance, it suggests that the bears have not given up. That could keep the pair stuck inside the triangle for a while longer.Solana price analysisSolana (SOL) rose above the breakdown level of $110 on April 9, but the bulls are facing resistance at the 20-day EMA ($121).SOL/USDT daily chart. Source: Cointelegraph/TradingViewA minor advantage in favor of the bulls is that the bears did not allow the price to slip back below $110 on April 10. That shows buying on dips. If the bulls kick the price above the 20-day EMA, the SOL/USDT pair may rally to the 50-day SMA ($133) and then to $153.This positive view will be invalidated in the short term if the price turns down sharply from the 20-day EMA and breaks below $110. The pair could then retest the April 7 intraday low of $95. Dogecoin price analysisBuyers have successfully defended the $0.14 in Dogecoin (DOGE) but are yet to clear the moving averages.DOGE/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down sharply from the moving averages, it suggests that the sentiment remains negative and traders are selling on rallies. That increases the likelihood of a break below $0.14. The DOGE/USDT pair could then plummet toward the next significant support at $0.10.Conversely, a break and close above the moving averages will be the first sign of strength. There is resistance at $0.20, but if the bulls overcome it, the pair will complete a double-bottom pattern. The pair could march to $0.24 and subsequently to $0.26.Cardano price analysisCardano (ADA) has reached the 20-day EMA ($0.65), which is a strong near-term resistance to watch out for.ADA/USDT daily chart. Source: Cointelegraph/TradingViewIf the price breaks above the 20-day EMA, the ADA/USDT pair could reach the 50-day SMA ($0.71). This level may again pose a strong challenge, but if the buyers prevail, the pair could rally to $0.83.On the contrary, if the price turns down sharply from the 20-day EMA, it signals that the bears are selling on every minor rally. That heightens the risk of a break below the $0.50 support. If that happens, the pair could slide to $0.40.Related: Bollinger Bands creator says Bitcoin forming 'classic' floor near $80KUNUS SED LEO price analysisUNUS SED LEO (LEO) rose back above the uptrend line on April 9, signaling solid demand at lower levels.LEO/USD daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA ($9.38) is flattening out, and the RSI is near the midpoint, suggesting a balance between supply and demand. If the price breaks above the 20-day EMA, the LEO/USD pair could reach the overhead resistance at $9.90. If the price turns down from the 20-day EMA, it suggests that the bears continue to sell on rallies. The bears will then make one more attempt to sink the pair below $8.79. If they succeed, the decline could extend to $8.30.Chainlink price analysisChainlink (LINK) has been trading inside a descending channel pattern for several days. The rebound on April 9 shows that the bulls are trying to defend the support line.LINK/USDT daily chart. Source: Cointelegraph/TradingViewThe moving averages are expected to act as a stiff resistance on the way up. If buyers propel the price above the moving averages, the LINK/USDT pair could pick up momentum and rally to $16 and later to $17.50.Contrarily, if the price turns down from the moving averages, it suggests that the bears are active at higher levels. The bears will then make one more attempt to sink the pair below the support line.Avalanche price analysisAvalanche (AVAX) rebounded sharply off the $15.27 support on April 9, indicating solid buying at lower levels.AVAX/USDT daily chart. Source: Cointelegraph/TradingViewThere is resistance in the zone between the 50-day SMA ($20) and the downtrend line, but if the buyers overcome it, the AVAX/USDT pair could surge to $23.50.Sellers are expected to aggressively defend the $23.50 level because a break and close above it will complete a double bottom pattern. This reversal setup has a target objective of $31.73.Instead, if the price turns down from the overhead resistance, it suggests that the pair could remain range-bound between $15.27 and $23.50 for some time.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.
Legendary technical analyst John Bollinger has highlighted what he calls a “classic Bollinger Band W bottom” that may be forming on the Bitcoin pair BTC/USD. According to him, BTC appears to have found support in the $74,000 area, setting up the characteristic double-dip lows that define a W-shaped reversal pattern. Notably, Bollinger stressed that the setup still needs to be confirmed: “Classic Bollinger Band W bottom setup in BTCUSD. Still needs confirmation”. Is The Bitcoin Bottom In? The chart shows Bitcoin navigating a decline from its mid-January high near $110,000, with recent price action clustered around the lower band of the Bollinger Bands. The upper band sits at $108,837, while the lower band sits at $77,138, suggesting a relatively wide range of volatility on a weekly basis. The Bollinger’s mid-line is close to $93,000. Related Reading: This Crypto Analyst Predicted The Bitcoin Price Crash At $97,000, He Just Released Another Forecast Bollinger’s indication of a W-bottom is based on the formation of two distinct troughs in quick succession, as seen in both the price data and the oscillator readings below the chart. The first trough materialised as BTCUSD fell from its then high of around $90,000 to the mid-$76,000 area, then rallied before sliding back to a comparable support area around $74,500. The repeated dip into this horizontal support level has so far held, which Bollinger identifies as a potential base for a bullish reversal – although he cautions that a definitive move above the intervening swing high near $90,000 would help validate this classic chart pattern. Other market clues include slightly lower trading volumes, suggesting that the intense selling that drove bitcoin down from its recent peak may be easing. The chart’s momentum oscillator, which tracks overbought and oversold conditions, supports this thesis, forming a bottom near its lower border. Although this alignment with price action suggests a possible bottom, many technical analysts are looking for the oscillator to rise convincingly above its midpoint to confirm that momentum has indeed shifted in favour of buyers. Related Reading: Is The Bitcoin Bottom In After Trump’s Tariff Pause? Here’s What To Expect Bollinger bands themselves, invented by John Bollinger, measure volatility by placing envelope lines above and below a moving average. When these bands widen, the market typically experiences large price swings; when they narrow, volatility decreases. In Bitcoin’s case, they’ve remained relatively wide, reflecting the cryptocurrency’s dramatic range from below $20,000 to six figures over the past two years. While talk of a W-bottom has sparked optimism among bullish traders, Bollinger’s reminder that it “still needs to be confirmed” highlights the importance of solid follow-through in price action. If Bitcoin can break above $90,000 on robust volume, the long-awaited confirmation of this pattern would be within reach. Until then, the W-bottom is just a possibility. At press time, BTC traded at $81,366. Featured image created with DALL.E, chart from TradingView.com
Solana-based token launchpad Pump.fun resumed its livestreaming functionality for all users on April 11, implementing a new set of moderation rules and enforcement mechanisms to curb misuse. The livestream feature has been suspended since Nov. 25, 2024, due to widespread abuse and the platform’s inability to manage user-generated content at scale. In the announcement, Pump.fun […]
The post Pumpfun fully restores streaming feature with stricter moderation policy appeared first on CryptoSlate.
But BlackRock funds tracking the price of the two largest cryptocurrencies by market value still generated $3.1 billion in net inflows.
Bitcoin (BTC) sought higher levels around the April 11 Wall Street open as the week’s final US inflation data gave bulls hope.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewAnalyst: PPI undershoot “great” for US trade warData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs of $83,245 as US Producer Price Index (PPI) data came in below expectations.The Index came in at 2.7% versus the anticipated 3.3%, while the core PPI print also surprised to the downside.An official news release from the US Bureau of Labor Statistics (BLS) added:“In March, over 70 percent of the decrease in the index for final demand can be traced to prices for final demand goods, which fell 0.9 percent. The index for final demand services declined 0.2 percent.”US PPI for final demand. Source: BLSReacting, trading resource The Kobeissi Letter was among those noting the rapid pace at which US inflation appeared to be slowing.“We just saw the first month-over-month decline in PPI inflation, down -0.4%, since March 2024,” it told followers in part of a post on X. “Both CPI and PPI inflation are down SHARPLY.”S&P 500 4-hour chart. Source: Cointelegraph/TradingViewRisk-asset performance, however, failed to reflect the notionally positive inflation developments. The S&P 500 was 0.2% lower on the day, while the Nasdaq Composite index was flat.As Cointelegraph reported, after stocks fell precipitously the day prior despite bullish inflation numbers, commentators explained that macro data was helping to fuel the ongoing US trade war.Continuing, crypto trader, analyst and entrepreneur Michaël van de Poppe saw a repeat playing out post-PPI. “PPI comes in significantly lower. That's great for Trump and his strategy,” he argued, referring to trade tariffs implemented by US President Donald Trump. “The only thing that needs to be resolved is the on-going Trade War, but the ingredients are building up.”Bitcoin gets key bullish dollar triggerAnother macro development failing to provide its standard risk-asset tailwind came in the form of multiyear lows in US dollar strength.Related: Bollinger Bands creator says Bitcoin forming 'classic' floor near $80KThe US Dollar Index (DXY), which measures the dollar against a basket of US trading partner currencies, fell below the psychological 100 mark for the first time since 2022.US dollar index (DXY) 1-week chart. Source: Cointelegraph/TradingViewAs Cointelegraph reported, long-term lows on DXY have historically sparked a delayed BTC price bull run.“Traditionally, DXY going down is very bullish for $BTC, we now have a massive bearish divergence for DXY, which may suggest it goes to 90,” popular crypto analyst Venturefounder observed in part of an X post on the topic this week.“Last 2 times this happened triggered a Bitcoin parabolic bullrun in final phase of the bullmarket (lasting 12 months).”US Dollar Index (DXY) vs. BTC/USD chart with RSI data. Source: Venturefounder/XAn accompanying chart examined relative strength index (RSI) data for the DXY monthly chart, showing it retesting a downward-sloping trend line as support from above.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.
New York could soon accept cryptocurrency such as Bitcoin and Ethereum as a means of payment for state-related services. A new bill, Assembly Bill A7788, was recently proposed by Assemblyman Clyde Vanel. The bill seeks to amend the existing law to permit New York state agencies to accept cryptocurrencies as payment. Which Cryptos Are Included? …
Bitcoin's tech stock correlation suggests its volatility and speculative nature limit its role as a stable portfolio diversifier.
The post Bitcoin behaves less like gold, more like tech stocks: Franklin Templeton report appeared first on Crypto Briefing.
Conservative McDonald's shareholders also pushed for a bitcoin treasury and the meme token Fartcoin rose 30% in the past day.
Gold soared to a new record high as the selloff in the U.S. dollar and long-term Treasuries continued in force on Friday.
The SEC weighs its options on how to regulate the trading of digital assets, diverging significantly from the agency's previous approach.
Donald Trump’s decision to enact a 90-day pause on his tariffs sent a new wave of buying pressure across the crypto markets, with Bitcoin pushing past the $80,000 price level again. Although the wave of buying pressure is now starting to cool down, the bullish sentiment has already been enacted among some market participants. The question is now on whether this is enough to push Bitcoin back into the $100,000 threshold during this pause period. Tariff Pause Can Push Bitcoin Towards $100,000 The bullish consensus is that Bitcoin might have created a price bottom during its price crash after the tariffs were initially announced. Crypto analyst Kaduna shared a detailed outlook following another tariff announcement, noting that a “mini bull market” is now in motion. This mini bull market which he noted is in reaction to Bitcoin’s price surge from $75,200 to $83,200 in the hours after Donald Trump announced a pause on the US tariffs against imports into the US from countries except China. Related Reading: Donald Trump’s Tariffs, Bitcoin, And The Crypto Market: Everything You Should Know About Why The Market Crashed With this surge in mind, analyst Kaduna noted in a post on social media platform X that this rapid market reaction might result in a front-running behavior that could begin as early as a month before the 90-day window ends. According to his analysis, the bull run being teased with the global M2 liquidity could begin very early, at least a month earlier than thought. This front running, in turn, could push the price of Bitcoin higher during a 55-day exit window for bullish traders. Interestingly, the global M2 liquidity suggests that any next push from here will be a very strong one that will send the Bitcoin price back above $100,000 and even much more above this level. Analyst Reveals Exit Point Kaduna’s outlook is not only focused on the upside potential but also on timing a strategic exit should the market rally unfold as expected. In his social media post, he revealed that it would be prudent to exit most positions during the next 55-day window between April and June 3, which he believes will capture the peak of this bull phase. After exiting, he would step back from the market and reevaluate conditions later in the summer to scale back in. Related Reading: Bitcoin Price Mirrors Global M2 As Crypto Analyst Reveals May Timeline For “Blast Off” Interestingly, the global M2 liquidity suggests that the Bitcoin price can rise from its current price level to reach as high as $120,000 within this time period before any major correction. Such a move will send Bitcoin trading at new price peaks, as it would necessitate a break above its current all-time high of $108,786. At the time of writing, Bitcoin is trading at $81,341.
Opinion by: Billy Campana, contract developer, Api3 Speculation is a cornerstone of price discovery for traditional finance institutions like hedge funds and major banks and plays an essential role in their day-to-day operations. It is the mechanism by which they can establish reliable valuations for everything, ranging from simple stocks and bonds to complex derivatives and structured products. While decentralized finance (DeFi) is often criticized for its speculative “casino” nature, this is, in reality, one of its strengths: making practices like arbitrage more accessible to everyone and empowering individuals to participate in opportunities once out of reachDeFi’s volatilityCritics have highlighted DeFi’s extreme volatility, a concern exemplified by Ether’s (ETH) recent 15% price drop that triggered over $100 million in long position liquidations. These dramatic market movements continually test market resilience and investor confidence in the ecosystem. The accusations that DeFi platforms function essentially as gambling venues persist throughout the industry. Such criticisms have gained further traction following several high-profile memecoin crashes that collectively erased over $46 billion in market value, revealing the systemic vulnerabilities that speculative activities can introduce to the broader ecosystem.Additionally, the recent Bybit hack spotlighted the major security concerns, exposing critical vulnerabilities within DeFi infrastructure and triggering intense scrutiny of the sector’s security protocols. These systemic risks have only escalated institutional skepticism, resulting in increasingly vocal calls for greater transparency and comprehensive regulatory oversight. Simultaneously, the media narrative surrounding DeFi remains overwhelmingly focused on its spectacular failures, growing institutional skepticism and persistent market instability. This one-sided portrayal continues challenging DeFi’s credibility as a serious financial ecosystem capable of responsible innovation.Evening the playing fieldCritics consistently miss that DeFi democratizes the same speculative mechanisms that traditional finance has always employed for price discovery. The fundamental difference is that Wall Street gatekeepers no longer control who benefits from these opportunities. While traditional finance has historically restricted arbitrage opportunities to institutional players with privileged access, DeFi effectively removes these gatekeepers, allowing anyone with an internet connection to participate in the price discovery process that hedge funds and banks have monopolized for decades.Smart contracts have revolutionized financial operations that once required privileged access and teams of highly paid professionals. Smart contracts effectively break down the artificial barriers that have systematically kept ordinary people out of sophisticated markets. Recent: Bitwise makes first institutional DeFi allocationLeading financial institutions increasingly recognize this paradigm shift, with established businesses progressively adopting DeFi mechanisms to automate transactions and enhance operational efficiency. Institutional adoption validates speculation as a legitimate financial practice rather than dismissing it as mere gambling.An arbitrage utopiaThis unprecedented democratization manifests concretely in decentralized lending platforms that enable automated market makers (AMMs), enabling anyone to provide liquidity and earn fees previously reserved exclusively for institutional market makers with significant capital reserves. With unprecedented data transparency across blockchain networks, even uncollateralized crypto loans can enable capital-efficient arbitrage opportunities spanning multiple blockchain ecosystems without requiring the millions in upfront collateral that traditional finance demands from participants. As institutional involvement continues to grow and regulatory frameworks gradually mature, these speculative mechanisms steadily evolve toward the same legitimacy traditional finance instruments enjoy. This evolution reveals that speculation itself was never the problem — the exclusionary access to its benefits was. The practical execution of this democratized speculation includes cross-exchange arbitrage through DeFi aggregators, crosschain bridges that naturally equalize asset prices across different blockchains and automated liquidation mechanisms that maintain system solvency. All these components serve the same fundamental purpose as traditional financial instruments but with radically expanded access for participants worldwide.As institutional investors and traditional financial markets return their gaze to the industry, with increased involvement from regulatory bodies and political figures in the US, DeFi must remember its core value proposition. The actual value of DeFi is not in recreating the current structures that allow the powerful to benefit from methods that regular people don’t have access to but in making these opaque systems transparent and open to everyone.Rather than apologizing for speculation, the industry should embrace and refine it as its revolutionary tool — one that brings financial opportunities to billions systematically excluded from traditional markets. Innovation in DeFi isn’t just technological; it is also social, creating a financial system where opportunity isn’t determined by privilege but by insight, creativity and willingness to participate. The future belongs not to those who can eliminate speculation but to those who can make it fair, transparent and accessible to all.Opinion by: Billy Campana, contract developer, Api3This 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.
BlackRock, the largest asset manager in the world, reported $3 billion in digital asset inflows during the first quarter of 2025 despite the volatility in the crypto market. The update came in the firm’s latest earnings report, which also revealed $84 billion in total net flows across its broader portfolio during the quarter. The performance […]
The post BlackRock’s crypto ETFs thrive in one of the toughest quarters with $3 billion inflow appeared first on CryptoSlate.
Ethereum developers have begun kicking around a series of ideas that could make the Ethereum network private at its core.
Winners include BlackRock’s BUIDL fund, Superstate’s USTB fund and Centrifuge’s JTRSY, which uses Janus Henderson as a sub-advisor.
Ethereum co-founder Vitalik Buterin outlined an extensive plan to enhance the privacy of the network he helped create.In an April 11 roadmap, Buterin argued for incorporating privacy tools into Ether (ETH) wallets and implementing privacy-enhancing norms and features in the Ethereum ecosystem and protocol. He explained that the roadmap in question is a short-term solution that requires limited changes to the base protocol along with supplemental long-term updates.Buterin recommends adopting privacy-enhancing systems such as Railgun or Privacy Pools by existing wallets, according to the plan. When funds are sent with those wallets, he argues that users should be greeted by an option to “send from shielded balance,” which anonymizes the transaction, and should be “ideally turned on by default.” He wrote:“Users should NOT have to download a separate ‘privacy wallet.’“Related: Privacy Pools launch on Ethereum, with Vitalik demoing the featureMajor changes recommended for DeFiButerin further recommended profound changes in how decentralized finance (DeFi) and broader decentralized applications (DApp) are implemented. He argued that those systems should be limited to “one address per application.”The Ethereum co-founder acknowledged that this would require “significant convenience sacrifices, ” but it “is the most practical way to remove public links between all of your activity across different applications.” He also highlights that the user experience would be “very similar” to depositing funds to one chain from another in crosschain interoperability systems.Buterin also highlighted that to enjoy the benefits of this change, developers would need to ensure that user withdrawal functions are privacy-preserving by default.Ethereum protocol changes neededOther changes included are the implementation of fork-choice enforced inclusion lists (FOCIL) and the Ethereum improvement proposal (EIP) 7701. The latter is an improvement to Ethereum account abstraction, and the former is a censorship-resistance improvement.FOCIL functionality diagram. Source: Ethereum ResearchEIP-7701 ensures that privacy protocols can operate without needing relays or public broadcasters. This, in turn, simplifies the development and maintenance of this kind of protocol. Relays, in this context, are intermediaries or nodes responsible for accepting and forwarding transactions. On the other hand, broadcasters are responsible for publishing transactions to the public blockchain.EIP-7701 divides Ethereum transactions into phases, natively allowing third parties to step in and pay the fees in the right phase. This means there is no need for a relay to accept users’ private transactions to be anonymously broadcast by a separate entity.FOCIL, on the other hand, prevents the censorship of transactions, including privacy-preserving ones. The relevance is presumably that anonymized transactions are at a significantly higher risk of falling victim to censorship attempts.Related: Financial privacy and regulation can co-exist with ZK proofs — Vitalik ButerinInfrastructure changes are requiredA short-term solution to address the privacy limitations of current remote procedure call (RPC) systems used to interact with the blockchain, as proposed by Buterin, is the implementation of a trusted execution environment (TEE).TEE is a secure area within a processor that ensures code and data loaded inside it are protected. Buterin explained that “this allows users to interact with RPC nodes while getting stronger assurances that their private data is not being collected.”As a long-term solution, TEEs should be replaced with a private information retrieval (PIR) system. PIR is a cryptographic protocol that allows users to retrieve a specific item from a database without revealing which item was retrieved.This would allow users to retrieve data concerning blockchain contents without the provider knowing which data is being shared. Buterin highlighted that it is superior because it provides “cryptographic guarantees.” The Ethereum co-founder also argued that wallets should be connected to multiple RPC servers. They should also use a separate RPC per DApp and potentially a mixnet — a privacy-enhancing technology designed to obscure metadata.Other recommendations include the development of proof-aggregation protocols for privacy-preserving protocols. This would result in significantly lower fees for using such systems.Magazine: Big Questions: What did Satoshi Nakamoto think about ZK-proofs?