Toncoin (TON) is starting to make waves again, showing signs of renewed strength after successfully breaking out of a long-standing descending channel on the daily chart. This breakout marks a pivotal moment for the token, potentially signaling the end of the recent downtrend and hinting at the early stages of a fresh uptrend. As the crypto market shows signs of renewed vigor, Toncoin appears to be positioning itself as one of the standout performers of this emerging cycle. Whether this breakout marks the beginning of a sustained uptrend or faces temporary headwinds will depend on both technical follow-through and broader market sentiment. A Potential Uptrend In The Making According to Profit Demon in a recent post on X, Toncoin is demonstrating significant strength by staying above the descending channel on its daily chart. This technical formation is crucial as it signals a shift in market dynamics after a period of weakness and decline. Related Reading: Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain? Profit Demon noted that TON had previously faced a sharp correction. However, the latest price action indicates a recovery, with Toncoin finding solid support at a key level. This level now serves as a critical foundation, offering the potential for a new upward move. He further emphasized that if the bullish momentum continues to grow, TON could target several key resistance levels. With the current market sentiment favoring a recovery, Toncoin’s price may rise toward the $4.10 level. A successful breakout above this mark would solidify the bullish trend, propelling it to the $4.90 and $5.60 marks. Can Toncoin Sustain Current Trends and Trigger A Rally? For TON to sustain its rally, the Relative Strength Index (RSI) plays a key role. The RSI should stay within the optimal range of 40 to 70, avoiding overbought conditions above 70. If the RSI remains above 50 and outside overbought territory, Toncoin will have room for further appreciation. A breakout above key resistance levels while keeping the RSI in this range would strengthen the bullish case. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound The Moving Average Convergence Divergence (MACD) is another critical indicator to monitor. Currently, the MACD has shown signs of bullish divergence, suggesting that momentum is shifting in favor of the bulls. For the rally to continue, the MACD line should remain above the signal line, confirming that buying pressure outweighs selling pressure. Lastly, volume analysis is essential in confirming the strength of the price movement. A rally supported by increasing volume signals that the trend is backed by real demand and a temporary spike. To sustain an upward movement, trading volume must rise as TON breaks through resistance levels. Higher volume indicates genuine interest from traders, which strengthens the trend, while lower volume may suggest a lack of conviction, limiting the rally’s longevity. Featured image from Medium, chart from Tradingview.com
The US Securities and Exchange Commission (SEC) and Ripple Labs have jointly filed a motion to hold their appeals in abeyance, citing an agreement in principle to resolve their long-standing case. The motion, submitted to the United States Court of Appeals for the Second Circuit on April 10, seeks to suspend proceedings while the parties […]
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New York Attorney General (NYAG) Letitia James sent a letter to congressional leaders on April 10 urging the passage of federal legislation to establish a regulatory framework for crypto. The letter argued that the lack of national rules increases the risk of financial fraud, criminal abuse, and market instability in the digital asset sector. Attorney […]
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Escalating geopolitical tensions threaten to balkanize blockchain networks and restrict users' access, crypto executives told Cointelegraph. On April 9, US President Donald Trump announced a pause in the rollout of tariffs imposed on certain countries — but the prospect of a global trade war still looms, especially because Trump still wants to charge a 125% levy on Chinese imports. Industry executives said they fear a litany of potential consequences if tensions worsen, including disruptions to blockchain networks’ physical infrastructure, regulatory fragmentation, and censorship. “Aggressive tariffs and retaliatory trade policies could create obstacles for node operators, validators, and other core participants in blockchain networks,” Nicholas Roberts-Huntley, CEO of Concrete & Glow Finance, told Cointelegraph. “In moments of global uncertainty, the infrastructure supporting crypto, not just the assets themselves, can become collateral damage.”According to data from CoinMarketCap, cryptocurrency’s total market capitalization dropped approximately 4% on April 10 as traders weighed conflicting messages from the White House on tariffs amid a backdrop of macroeconomic unease. Crypto’s market cap retraced on April 10. Source: CoinMarketCapRelated: Trade tensions to speed institutional crypto adoption — ExecsBitcoin’s vulnerabilitiesBitcoin (BTC) is especially vulnerable to a trade war since the network depends on specialized hardware for Bitcoin mining, such as the ASIC chips used to solve the network’s cryptographic proofs. “Tariffs disrupt established ASIC supply chains,” David Siemer, CEO of Wave Digital Assets, told Cointelegraph. Chinese manufacturers such as Bitmain are key suppliers for miners.However, “the greater threat is the erosion of blockchain’s core value proposition—its global, permissionless infrastructure,” Siemer said. This could be especially problematic for everyday crypto holders. “If global trade breaks down and capital controls tighten, it may become harder for citizens in restrictive countries to acquire bitcoin,” said Joe Kelly, CEO of Unchained. “Governments could crack down on exchanges and on-ramps, making accumulation and usage more difficult,” Kelly added.Bitcoin’s performance versus stocks. Source: 21SharesIronically, these types of fears also underscore the importance of cryptocurrencies and decentralized blockchain networks, the executives said. Bitcoin has already shown “signs of resilience” amid the market turbulence, highlighting the coin’s role in hedging against geopolitical risks. “While the environment is challenging, it also creates an opening for crypto to prove its long-term value and utility on the global stage,” noted Fireblocks’ executive Neil Chopra.Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research
With the investment led by Fulgur Ventures and Framework, the firm plans to scale its bitcoin-denominated life insurance and annuity products designed to combat inflation risk.
Bitcoin’s (BTC) four-year cycle, anchored around its halving events, is widely recognized as a key factor in BTC’s year-over-year price growth. Within this larger framework, traders have come to expect distinct phases: accumulation, parabolic rallies, and eventual crashes. Throughout the four-year period, shorter-duration cycles also emerge, often driven by shifts in market sentiment and the behavior of long- and short-term holders. These cycles, shaped by the psychological patterns of market participants, can provide insights into Bitcoin’s next moves.Bitcoin whales eat as markets retreatLong-term Bitcoin holders — those holding for three to five years — are often considered the most seasoned participants. Typically wealthier and more experienced, they can weather extended bear markets and tend to sell near local tops. According to recent data from Glassnode, long-term holders distributed over 2 million BTC in two distinct waves during the current cycle. Both waves were followed by strong reaccumulation, which helped absorb sell-side pressure and contributed to a more stable price structure. Currently, long-term Bitcoin holders are in the new accumulation period. Since mid-February, this cohort’s wealth increased sharply by almost 363,000 BTC.Total BTC supply held by long-term holders. Source: GlassnodeAnother cohort of Bitcoin holders often seen as more seasoned than the average market participant are whales—addresses holding over 1,000 BTC. Many of them are also long-term holders. At the top of this group are the mega-whales holding more than 10,000 BTC. Currently, there are 93 such addresses, according to BitInfoCharts, and their recent activity points to ongoing accumulation.Glassnode data shows that large whales briefly reached a perfect accumulation score (~1.0) in early April, indicating intense buying over a 15-day period. The score has since eased to ~0.65 but still reflects consistent accumulation. These large holders appear to be buying from smaller cohorts—specifically wallets with less than 1 BTC and those with under 100 BTC—whose accumulation scores have dipped toward 0.1–0.2. This divergence signals growing distribution from retail to large holders and marks potential for future price support (whales tend to hold long-time). Oftentimes, it also precedes bullish periods.The last time mega-whales hit a perfect accumulation score was in August 2024, when Bitcoin was trading near $60,000. Two months later, BTC raced to $108,000.BTC trend accumulation score by cohort. Source: GlassnodeShort-term holders are heavily impacted by market sentimentShort-term holders, usually defined as those holding BTC for 3 to 6 months, behave differently. They're more prone to selling during corrections or periods of uncertainty. This behavior also follows a pattern. Glassnode data shows that spending levels tend to rise and fall approximately every 8 to 12 months. Currently, short-term holders’ spending activity is at a historically low point despite the turbulent macro environment. This suggests that so far, many newer Bitcoin buyers are choosing to hold rather than panic-sell. However, if the Bitcoin price drops further, short-term holders may be the first to sell, potentially accelerating the decline.BTC short-term holders’ spending activity. Source: GlassnodeMarkets are driven by people. Emotions like fear, greed, denial, and euphoria don’t just influence individual decisions — they shape entire market moves. This is why we often see familiar patterns: bubbles inflate as greed takes hold, then collapse under the weight of panic selling. CoinMarketCap’s Fear & Greed Index illustrates this rhythm well. This metric, based on several market indicators, typically cycles every 3 to 5 months, swinging from neutral to either greed or fear.Since February, market sentiment has remained in the fear and extreme fear territory, now worsened by US President Donald Trump’s trade war and the collapse in global stock market prices. However, human psychology is cyclical, and the market might see a potential return to a “neutral” sentiment within the next 1-3 months.Fear & Greed Index chart. Source: CoinMarketCapPerhaps the most fascinating aspect of market cycles is how they can become self-fulfilling. When enough people believe in a pattern, they start acting on it, taking profits at expected peaks and buying dips at expected bottoms. This collective behavior reinforces the cycle and adds to its persistence.Bitcoin is a prime example. Its cycles may not run on precise schedules, but they rhyme consistently enough to shape expectations — and, in turn, influence reality.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The Ethereum price crash to $1,400 has shaken the crypto market, amplifying already volatile conditions. This dramatic price drop comes after a major ETH sell-off by US President Donald Trump’s World Liberty Finance, suggesting that the recent dump may have been a primary catalyst behind ETH’s price collapse. Blockchain analytics platform Lookonchain revealed on April 9 via X (formerly Twitter) that the wallet associated with World Liberty Finance, a decentralized finance protocol linked to Trump, recently dumped a significant amount of Ethereum. Interestingly, this sell-off came just before Ethereum’s price crash, raising the question of whether it contributed to the unexpected decline. Donald Trump‘s World Liberty Finance Dumps ETH Launched in 2024, World Liberty Finance is Trump’s controversial digital asset firm designed to rival centralized banking and facilitate the adoption of stablecoins. According to data from Lookonchain, Trump’s World Liberty Finance, which was previously accumulating Ethereum at a low price, is now selling off a large chunk of its holding at a steep loss. Related Reading: Major Ethereum Whale Dumps 10,000 ETH After 2 Years, Is It Time To Get Out? Lookonchain flagged the transaction, noting that the wallet linked to World Liberty Finance had offloaded 5,471 ETH tokens worth roughly $8.01 million. The sell-off was executed at a price of $1,465 per ETH, a significant drop from its previous value of over $1,600. Notably, World Liberty Finance’s ETH sell-off move has raised eyebrows across the crypto community. It appears to mark a shift in strategy for a player who was previously known for large-scale ETH accumulation. According to Lookonchain, the wallet address linked to World Liberty Finance had accumulated a total of 67,498 ETH at an average price of $3,259. This means that the decentralized finance protocol spent a total of $210 million to amass such a large amount of ETH. At its sell-off price, this leaves the entity sitting on a staggering unrealized loss of around $125 million. The recent sell-off also adds more fuel to the growing uncertainty surrounding Ethereum’s future outlook, as the cryptocurrency’s recent price crash has sparked even more bearish predictions of continued decline. Although the reason behind World Liberty Finance’s unexpected ETH sell-off remains unclear, some believe that the dump was likely triggered by Ethereum’s ongoing price decline, while others suggest it could signal a market bottom. Ethereum Price Crash To $1,400 Ethereum’s price decline to $1,400 came as a shock to the market, making it the first time the cryptocurrency had fallen so low in seven years. Notably, Ethereum was not the only leading cryptocurrency that was affected by the market turmoil, as big players like Bitcoin also suffered losses. Related Reading: Ethereum Goes Head To Head With XRP: Analyst Says ETH Will Outperform For This Reason Currently, Ethereum seems to be recovering slightly from its previous low and is now trading at $1,591 after jumping 7.44%. Although this recovery brings hope of a rebound, the cryptocurrency’s value has still dropped by 16.63% over the past month. Moreover, technical indicators from CoinCodex highlight that sentiment surrounding the cryptocurrency is still deeply bearish, suggesting that further declines could be on the horizon. Featured image from Unsplash, chart from Tradingview.com
Based on current prices, the investor may have generated more than 18,000% in profits.
Bitcoin (BTC) spot exchange-traded funds (ETFs) faced significant pressure amid uncertainty caused by the ongoing global trade war. Between March 28 and April 8, these ETFs experienced net outflows totaling $595 million, according to Farside Investors data. Notably, even after most US import tariffs were temporarily lifted on April 9, the funds still recorded an additional $127 million in net outflows.This situation has left traders questioning the reasons behind the continued outflows and why Bitcoin's rally to $82,000 on April 9 failed to boost confidence among ETF investors.Spot Bitcoin ETF net flows. Source: Farside InvestorsCorporate credit risk could be driving investors away from BTCOne factor contributing to diminished interest is the rising likelihood of an economic recession. "What you can clearly observe is that liquidity on the credit side has dried up," Lazard Asset Management global fixed income co-head Michael Weidner told Reuters. Essentially, investors are shifting toward safer assets like government bonds and cash holdings, a trend that could ultimately lead to a credit crunch.A credit crunch is a sharp decline in loan availability, leading to reduced business investment and consumer spending. It can happen regardless of US Treasury yields because heightened borrower risk perceptions may independently restrict credit supply.RW Baird strategist Ross Mayfield noted that even if the US Federal Reserve decides to cut interest rates in an effort to stabilize turbulent markets, any relief for companies might be short-lived. Mayfield reportedly stated: "In a stagflationary environment from tariffs, you'll see both investment grade and high yield corporate borrowers struggle as their costs of debt rise." Despite the 10-year US Treasury yield remaining flat compared to the previous month, investor appetite for corporate debt remains weak.ICE Bank of America Corporate Index option-adjusted spread. Source: TradingView / CointelegraphDan Krieter, director of fixed income strategy at BMO Capital Markets, told Reuters that corporate bond spreads have experienced their largest one-week widening since the regional banking crisis in March 2023. Corporate bond spreads measure the difference in interest rates between corporate bonds and government bonds, reflecting the additional risk investors take when lending to companies.Related: Bitwise doubles down on $200K Bitcoin price prediction amid trade tensionTrade war takes center stage, limiting investor interest in BTCInvestors remain concerned that even if the US Federal Reserve cuts interest rates, it may not be enough to restore confidence in the economy. This sentiment also explains why the US Consumer Price Index (CPI) for March—at 2.8%, its slowest annual increase in four years—failed to positively impact stock markets. "This is the last clean print we're going to see before we get those tariff-induced inflation increases,” Joe Brusuelas, RSM chief economist, told Yahoo Finance.Traders appear to be waiting for stabilization in the corporate bond market before regaining confidence in Bitcoin ETF inflows. As long as recession risks remain elevated, investors will likely favor safer assets such as government bonds and cash holdings. Breaking this correlation would require a shift in perception toward Bitcoin’s fixed monetary policy and censorship resistance. However, potential catalysts for such a change remain unclear and could take months or even years.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.
As Bitcoin’s (BTC) appeal as a treasury asset grows, Casa co-founder and CSO Jameson Lopp assessed that concentrating the amount of BTC on a few custody service providers might pose a systemic risk. Lopp said: “The ‘Bitcoin Corporate Treasury’ narrative is a footgun if it’s not accompanied by the sovereignty via self custody narrative. Number […]
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Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App platform, Bloomberg reported on April 10.Block was fined by the New York Department of Financial Services (NYDFS) following an investigation into Cash App’s Anti-Money Laundering (AML) and cryptocurrency compliance operations, Bloomberg said after reviewing the government agency’s consent order. NYDFS determined that Block allegedly violated consumer protection laws and didn’t conduct proper due diligence on its customers. The company was allegedly too slow in reporting suspicious transactions to regulators and failed to adequately screen so-called “high-risk” Bitcoin (BTC) transactions. Block confirmed that it had worked with NYDFS to “resolve the matter principally related to Cash App’s past compliance program.” However, it did not admit to any wrongdoing, according to Bloomberg. Block, which was founded by internet entrepreneur and Bitcoin advocate Jack Dorsey in 2009, had been negotiating a settlement with the NYDFS since last year, based on filings submitted with the US Securities and Exchange Commission (SEC).Excerpts of Block Inc.’s February Form 10K filing with the SEC. Source: SECThe NYDFS settlement isn’t the first monetary penalty Block has agreed to pay this year. As Cointelegraph reported, the company paid $80 million in fines to several state regulators over alleged violations tied to its AML program.Related: NYDFS chief’s advice for crypto firms: ‘Never surprise your regulator’Block remains in growth modeDespite getting caught in regulatory crosshairs, Block’s underlying business remained strong at the end of 2024. Companywide revenues increased by roughly 4.5% year-over-year to $6.03 billion as per-share earnings climbed 51% to $0.71. The other positive takeaway was that Block’s merchant gross payment volume, or the total amount of money processed through its systems, increased by 10% to $61.95 billion. Cash App continues to be a source of growth, with the unit recording $1.38 billion in gross profit in the fourth quarter. The mobile payment service had more than 57 million monthly transacting users in early 2024. Despite reporting strong growth, Block Inc.’s (XYZ) share price has fallen more than 37% this year as part of a marketwide sell-off. Source: Yahoo FinanceCash App users have been able to buy Bitcoin through the platform since at least 2018. In 2023, Cash App integrated crypto accounting software TaxBit, giving users an easier way to track and report their crypto-related taxes. Magazine: Bitcoin heading to $70K soon? Crypto baller funds SpaceX flight: Hodler’s Digest, March 30 – April 5
Users of the Atomic and Exodus wallets are being targeted by threat actors uploading malicious software packages to online coding repositories to steal crypto private keys in the latest cybersecurity threat identified by security professionals. According to cybersecurity researchers at ReversingLabs, the exploit works by hiding malicious code in seemingly legitimate npm software packages, which are pre-built bundles of code widely used by software developers.These malicious software packages target locally installed Atomic Wallet and Exodus Wallet files by installing a patch that overwrites the files to compromise the user interface and fool the unsuspecting victim into sending crypto to scam addresses.Software supply chain attacks are an emerging threat vector targeting crypto holders as the industry continues to play a cat-and-mouse game with hackers attempting to steal user funds using increasingly sophisticated methods to avoid detection.The malicious code contained in the pdf-to-office package. Source: ReversingLabsRelated: $2B lost to crypto hacks in Q1 2025, $1.63B from access control flawsHackers target crypto community in increasingly sophisticated attacksAccording to cybersecurity firm Hacken, crypto hacks and exploits cost the industry roughly $2 billion in losses during Q1 2025, most of which came from the $1.4 billion Bybit hack in February.The SafeWallet developer released a post-mortem update in March 2025 outlining a forensic analysis of the single biggest hack in crypto history.SafeWallet's analysis ultimately found that a Safe developer's computer was compromised by hackers who hijacked the developer's Amazon Web Services session tokens to access the firm's development environment and set up the Bybit attack.Jameson Lopp, a cypherpunk and chief security officer at Bitcoin (BTC) custody company Casa, recently sounded the alarm on BTC address poisoning attacks.A breakdown of the losses caused by crypto hacks and exploits in Q1 2025. Source: HackenAddress poisoning attacks target victims by generating destination addresses that match the first four and the last four characters of an address from the victim's transaction history.The threat actor then sends a transaction from the malicious address for a small amount, typically below one dollar, to the target so that the address will show up in a victim's transaction history.If the victim is not paying attention by carefully examining the entire address, they may mistakenly send funds to the malicious address, which closely resembles the destination.Cybersecurity firm Cyvers estimates that address poisoning attacks were responsible for $1.2 million in stolen funds in March 2025 alone.Magazine: $55M DeFi Saver phish, copy2pwn hijacks your clipboard: Crypto Sec
President Donald Trump signed a resolution to repeal a controversial crypto tax rule finalized toward the end of the Biden administration.
Amid ongoing volatility, LINK, the native token of Chainlink, is poised for a notable price decline in the coming days. Based on the current price action, a prominent crypto expert shared a post on X (formerly Twitter) today, April 10, 2025, suggesting that LINK could be heading toward the $7.50 level. #Chainlink $LINK appears to …
Bitcoin (BTC) fell more than 3% on April 10, slipping to a low of $78,416 as global markets unwound gains from soaring to an intraday high of $83,424 the previous day triggered by President Donald Trump’s announcement of a temporary tariff pause. The retreat reflects growing investor skepticism over the durability of the previous day’s […]
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Ether exchange-traded funds (ETFs) in the United States may be able to start staking a portion of their tokens as soon as May, according to Bloomberg Intelligence analyst James Seyffart. On April 9, the US Securities and Exchange Commission (SEC) authorized exchanges to begin listing options contracts tied to spot Ether (ETH) ETFs after greenlighting Bitcoin (BTC) ETF options in September. However, issuers are still waiting for the regulator to allow Ether ETFs to offer staking after filing numerous requests for permission earlier this year.Source: James SeyffartThe approval of options contracts could represent a key step toward regulatory approval for staking services in the United States. Bloomberg Intelligence analyst James Seyffart said on April 9 that clearance for staking on ETH funds could come as early as May but would likely take until the end of 2025.“It's possible they could be approved for staking early, but the final deadline is at the end of October,” Seyffart said in a post on the X platform. “Potential intermediate deadlines before the final approval (or denial) are in late May & late August.”Options are financial derivatives that give investors the right, but not the obligation, to buy or sell an asset at a predetermined price before a certain date. Staking, on the other hand, involves locking up a cryptocurrency, like ETH, to support network operations — such as validating transactions — in exchange for rewards. In ETH funds, options contracts allow investors to hedge or speculate on the tokens' prices, while staking offers a way to earn rewards by participating in Ethereum’s proof-of-stake network.Ether ETF inflows. Source: Farside InvestorsRelated: SEC approves options on spot Ether ETFsProgress toward adoptionEther ETFs launched in June 2024 but struggled to attract significant investor interest. According to data from Farside Investors, the funds have seen net inflows of $2.4 billion as of April 10, compared to $35 billion for Bitcoin ETFs introduced in January. Analysts say the SEC’s approval of Ether ETF options could help spur adoption. Asset managers are also waiting on the SEC to greenlight requests to allow in-kind creations and redemptions for Bitcoin and Ether ETFs.The emergence of options markets tied to spot crypto ETFs is a “monumental advancement” in crypto markets and creates “extremely compelling opportunities” for investors,” Jeff Park, Bitwise Invest’s head of alpha strategies, said in a Sept. 20 X post. But staking could be the most significant step forward for Ether funds. In March, Robbie Mitchnick, BlackRock’s head of digital assets, said Ether ETFs are “less perfect” without staking. “A staking yield is a meaningful part of how you can generate investment return in this space.”Magazine: Memecoin degeneracy is funding groundbreaking anti-aging research
Solana has been able to remain above the key $110 price level even as big investors offload millions worth of tokens. The cryptocurrency is now trading at $114, registering a daily increase of 7.6% in the midst of a broad-based fear in the altcoin market. Related Reading: XRP ETF Launch Impresses Even In Bear Market, Says Analyst Big Investors Abandon Ship As Market Wobbles A number of key Solana holders have lost faith in the token’s near-term prospects. Blockchain analytics indicate that a whale (“4W1Ree”) unstaked 159,028 SOL tokens worth $16.5 million. The investor has already sold 60,000 of them for $6.13 million at an average price of $102. Whales are dumping $SOL! 4W1Ree unstaked 159,028 $SOL($16.5M) and sold 60,000 $SOL($6.13M) at $102 4 hours ago. 5cPair sold 89,734 $SOL($9.67M) at $108 14 hours ago.https://t.co/i2sVNng50nhttps://t.co/hJwIowTBPl pic.twitter.com/XLhXsLxHft — Lookonchain (@lookonchain) April 9, 2025 Yet another significant holder named “5cPair” offloaded close to 90,000 SOL tokens amounting to around $9.7 million, receiving an average of $108 per token. OnChainLens blockchain data also revealed that three interrelated wallets unstaked 168,498 SOL worth $17.86 million after being on the books for two months, taking an $11.38 million hit on their investment. Platform Activity Adds To Selling Pressure The offloading is not just limited to individual traders. According to recent transactions, Pump.Fun platform transferred 84,350 SOL tokens (valued at $9.3 million) to Kraken exchange. Since January 2025, the platform has already offloaded a whopping 1.72 million SOL tokens worth $310 million to exchanges. Pump.Fun currently has 3.24 million SOL tokens remaining, worth around $360 million at today’s prices. Technical Patterns Indicate Signs Of Reversal Even though there has been intense selling, some analysts are optimistic regarding Solana’s price trend. The cryptocurrency adheres to a growing falling-channel pattern on day charts. The recent decline reached a low of $95.16 on April 7, but buyers swiftly intervened to restore the price above $100. Today’s Relative Strength Index (RSI) also is now on the cusp of oversold levels, indicating a possible bounce. Some analysts are saying Solana just bounced off of a multi-year support trendline that set off a 1,000% bounce when tested in Q3 2023. Related Reading: XRP Will Explode—And This Korean Expert Says He’ll Be ‘Laughing’ At Critics Analysts Set Key Price Targets For Coming Weeks Market observers have pointed to key price levels that will decide Solana’s next direction. The TD sequential indicator has flashed a buy signal on SOL’s weekly chart, says analyst Ali Martinez. Solana needs to hold above $95 and break above $120 to initiate a significant recovery, Martinez believes. If these levels are held, Solana may look to $147 in the near future. If the $95 support fails, though, prices may plummet towards $69.94, the analyst said. The cryptocurrency is now trading between the center pivot level of $114 and the S1 pivot level of $94.29. Prediction site Polymarket indicates mixed sentiment, with 20% of participants believing SOL will fall to $80 in April, and 21% that it will reach $150. Featured image from Marca, chart from TradingView
OpenAI’s ChatGPT can now reference all past conversations to create more personalized responses—which is both convenient and scary.
Gold-backed crypto tokens outperformed most crypto sectors, including stablecoins, in market cap growth since Trump's Jan. 20 inauguration, a CEX.IO report said.
TokenTable, the entity managing the airdrop, paused the process to address the failed transactions and promised full compensation.
The NFT sold for 4,000 ETH after last selling for 4,500 ETH last March, which at the time was worth $16 million.
Nova Labs, the creator of the Helium Network, said the U.S. SEC has dropped its claims that the firm sold unregistered securities.
Crypto startup Meanwhile has raised $40 million to scale its Bitcoin-denominated life insurance business, targeting so-called “inflation-prone economies” where policyholders may seek alternatives to traditional fiat-based payouts.The Series A investment round was led by Framework Ventures and Fulgur Ventures, with additional participation from Xapo founder Wences Casares, the company disclosed on April 10. Meanwhile previously secured $20.5 million in seed funding backed by OpenAI CEO Sam Altman and others.Source: MeanwhilelifeRegulated by the Bermuda Monetary Authority, Meanwhile offers a whole life insurance policy denominated in Bitcoin (BTC), giving policyholders the ability to safeguard the value of their life insurance against currency debasement. Policyholders can access the value of their life insurance anytime through loans and tax-free partial withdrawals. Meanwhile co-founder Zac Townsend told Fortune that the company’s life insurance policies operate similarly to typical life insurance policies, but monthly premiums are paid in Bitcoin. When a policyholder passes away, their family receives the value of the claim entirely in BTC. The company’s policies are geared toward clients living in regions with high inflation or currency instability, Townsend said. Given the inflationary tendencies of Western economies and the extreme currency fluctuations in emerging markets, Meanwhile has cast a very wide net on its addressable market. Related: Bitcoin price could rally even as global trade war rages on — Here’s whyBitcoin and the inflation problemBitcoin’s deflationary design has made it a popular store of value for early cryptocurrency adopters, but its role as an inflation hedge in the traditional sense is subject to debate. A 2025 study that appeared in the Journal of Economics and Business determined that Bitcoin’s inflation-hedging abilities have weakened in recent years due to rising institutional adoption. The study referenced Bitcoin’s 60% drop in 2022 when US inflation surged to a 40-year high above 9%.However, some analysts may counter that claim by arguing that investors purchased Bitcoin during the pandemic on expectations that inflation would rise due to massive government stimulus.During this period, “Investors saw that inflation was coming, so they began buying bitcoin hand-over-fist,” said investor and analyst Anthony Pompliano.Regardless of whether Bitcoin meets the technical definition of an inflation hedge, the asset has significantly outperformed inflation, or the debasement of currency, since its inception. The Bitcoin price dipped below $80,000 on April 10 after the latest US inflation data triggered renewed volatility in the market. Nevertheless, the report showed a sharp deceleration in annual inflation in March, with the Consumer Price Index falling to 2.4% from 2.8% in February. The Bitcoin price experienced heavy intraday volatility following the latest US CPI data. Source: CointelegraphRelated: As Trump tanks Bitcoin, PMI offers a roadmap of what comes next
The overall cryptocurrency market has been confusing traders and investors due to its immense volatility over the past 24 hours. Amid this, an Ethereum (ETH) price prediction seems like a key topic to discuss in order to determine where the price might head next. Tariff Pause Rally Wiped Out by CPI Report Following the 90-day …
The Dogecoin Foundation’s corporate arm plans to market the fund as it aims for wider adoption of the popular meme token.
Prosecutors told a New York judge on Thursday that they don’t plan to change the charges against Kwon in light of the memo.
Users fled the DEX and TVL has dropped to $150 million from $540 million in the past month.
Solana has staged an impressive comeback, rallying over 25% from its recent low of $95 earlier this week. The sharp move followed a major shift in macroeconomic sentiment after US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except China, which was hit with a 125% tariff. The temporary relief sparked a renewed wave of optimism in financial markets, helping risk-on assets like Solana regain strength after weeks of heavy selling pressure. Related Reading: XRP Network Activity Hits All-Time High Despite Market Volatility – Bullish Signal? Top analyst Bluntz weighed in on the rally, sharing on X that the recent bounce could be more than just a short-term reaction. He noted that Solana’s latest downtrend lasted nearly three months—a duration he believes could mirror the length of the current recovery phase. If his analysis plays out, SOL may be entering a sustained period of upward momentum. Despite broader market uncertainty and continued global tensions, Solana’s sharp rebound is offering bulls some relief and potentially setting the stage for a longer-term rally. Traders are now closely watching key resistance levels and overall market sentiment to determine whether this bounce will evolve into a lasting trend shift. Solana Eyes Recovery After Deep Correction Solana has finally seen a burst of buying activity after enduring nearly three months of relentless selling pressure. Since reaching its all-time high in January, SOL has lost more than 60% of its value, with bulls losing momentum the moment prices slipped below the $180 level. The correction was deep, sharp, and reflective of broader weakness in crypto and traditional markets as macroeconomic tensions escalated. President Trump’s continued push for tariffs has added significant stress to global markets, dampening risk appetite and weighing heavily on altcoins like Solana. The environment has been far from friendly for speculative assets, but the recent bounce suggests that sentiment may be shifting. Bluntz’s insights on X note that Solana’s previous downward leg lasted nearly three months—a timeline he believes the current recovery could mirror. According to his analysis, this bounce could impact prices by as much as 75% in the near term, with a potential target around the $200 level. While it’s too early to confirm a full trend reversal, this optimistic outlook offers some hope to investors holding through the drawdown. For now, Solana must reclaim key resistance levels and sustain momentum above $120 to validate a broader recovery phase. The next few weeks will be critical as volatility continues to dominate and global tensions remain. Related Reading: Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours – Risk-Off Or Panic Selling? Bulls Must Hold $110 And Reclaim $130 to Confirm Recovery Solana is currently trading at $114 after briefly dropping below the critical $100 support level earlier this week. The recent bounce has given bulls a fighting chance, but price action remains fragile. For Solana to confirm a recovery rally, bulls need to reclaim the 4-hour 200-day Moving Average (MA) and Exponential Moving Average (EMA), both of which sit around the $130 level. Holding above the $110 support zone is key. If SOL manages to maintain strength at current levels and successfully pushes above $130, it could open the door for a massive upside move. A breakout above the 4-hour MAs would likely trigger fresh momentum and renewed buying pressure, potentially sending Solana back into the $150–$180 range. Related Reading: XRP Breaks Out Of Head-And-Shoulders Pattern — Eyes Move Toward $1.30 However, the bullish outlook hinges entirely on reclaiming these technical levels. Failing to do so could lead to renewed consolidation in the $100–$115 range or even spark another sell-off. If Solana falls back below $110 and retests the $100 mark, it could invite further downside and shake investor confidence again. The coming days will be pivotal as bulls try to shift momentum and stabilize the recent recovery. Featured image from Dall-E, chart from TradingView
Bitcoin (BTC) price failed to hold its weekly open gains on April 10 as US stocks ignored positive inflation data.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC price volatility ticking higher around the release of the March Consumer Price Index (CPI) numbers.These numbers came in broadly below expectations, revealing slowing inflationary forces despite mass-market disruption due to US trade tariffs.An official press release from the US Bureau of Labor Statistics (BLS) stated:“The all items index rose 2.4 percent for the 12 months ending March, after rising 2.8 percent over the 12 months ending February. The all items less food and energy index rose 2.8 percent over the last 12 months, the smallest 12-month increase since March 2021.”US CPI 12-month % change. Source: BLSWhile notionally a tailwind for risk assets, US stocks were in no mood for relief at the open. The S&P 500 and Nasdaq Composite Index were down 3% and 3.7%, respectively, at the time of writing.“Markets think the recently strong jobs report and cool inflation data gives Trump the ‘green light’ to continue the trade war,” trading resource The Kobeissi Letter suggested in part of a response on X.Kobeissi nonetheless acknowledged the implications of rapidly declining inflation — something which tariffs had yet to influence.“This marks the lowest Core CPI inflation rate in 4 years,” it continued in a separate X thread. “It also puts Headline CPI inflation just 40 basis points above the Fed's 2% target. Inflation is down 60 basis points over the last 3 months alone.”BTC price rebound may rest with ”Spoofy the Whale”Turning to BTC price action, market participants were in a wait-and-see mode after the US paused the majority of its tariff implementations for 90 days.Related: Crypto trading firm warns of 'classic bull trap' as Bitcoin tags $82.7KFor popular trader Daan Crypto Trades, a reclaim of at least $83,000 was necessary as an initial step for bulls.“$BTC Saw a strong move after the tariff pause was announced,” he told X followers.“Where BTC was more resilient on the downside, we saw equities pump more on the back of this pause (which makes sense as those are directly influenced by the tariffs).”An accompanying chart showed nearby key trend lines around the spot price.“BTC traded right back into the 4H 200MA (Purple) which has capped price over the past couple of weeks. That $83-85K is a key level to overtake for the bulls,” he continued.“Right below we can see the ~$81.1K horizontal being a key level that sees quite a lot of action. I think it's a good one to watch in the short term. Trading below that area could turn this into a nasty deviation/stop hunt.”BTC/USDT perpetual swaps 4-hour chart. Source: Daan Crypto Trades/XAnalyzing order book liquidity, Keith Alan, co-founder of trading resource Material Indicators, drew attention to both the 21-day and 50-day simple moving averages (SMA) on the daily chart.“First attempt at breaking resistance at the 21-Day MA was rejected, however BTC bid liquidity is moving higher so I think we’ll see another attempt,” he summarized earlier on the day. “If bulls can R/S Flip the 21-Day, there is even stronger resistance where liquidity is stacked around the trend line and the 50-Day MA.”BTC/USD 1-day chart with 21, 50 SMA. Source: Cointelegraph/TradingViewAlan reiterated the role of large-volume traders shifting liquidity above and below Bitcoin’s spot price to influence price action. The actions of one entity in particular, which he previously dubbed “Spoofy the Whale,” remained a point of consideration.“If ‘Spoofy’ will give us a roof pull, we’ll get a shot at the 100-Day and the 2025 open at $93.3k, which is the gateway back to 6-figure Bitcoin,” he concluded.BTC/USDT order book liquidity data. Source: Keith Alan/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The Swiss company's former CFO was based in London, and joined the crypto trading firm last September.