Coin overview
BB
Ended--
Last price (USDT)
55.28K
24h total (USDT)
448.93K
Total vol (USDT)
2024-04-25 08:00:00 ~ 2024-05-13 09:30:00
Trading time (UTC+0)
2024-05-13 12:00:00
Delivery time (UTC+0)
Total supply2.10B
Resources
Introduction
BounceBit is the first native BTC restaking chain. The BounceBit network is secured by staking both Bitcoin and BounceBit tokens. Its PoS mechanism introduces a unique dual-token staking system by leveraging native BTC security with full EVM compatibility.
Pi Coin (PI) Price Prediction for May 21
The Pi Coin price today is trading around $0.732, showing marginal losses intraday as bulls struggle to clear a tightening consolidation range. After a sharp retracement from the May 12 high near $1.65, the Pi Coin price action has entered a contracting wedge, forming a symmetrical triangle on the 4-hour chart. The apex of this structure is nearing, suggesting a breakout move is likely in the next 24 hours. Pi Network price dynamics (Source: TradingView) Despite continued sideways movement, the Pi Coin price update shows buyers defending the key support region between $0.705 and $0.722, which has held firm since the May 17 dip. While volatility remains suppressed, compression near the $0.73 mark indicates a breakout setup is brewing. Why Pi Coin Price Going Down Today? The recent Pi Coin price volatility stems largely from broader consolidation in altcoins and fading speculative volume around PI’s earlier surge. As the coin failed to reclaim the $0.75–$0.78 resistance zone over the weekend, traders opted for caution, especially as several indicators turned mixed. The pullback from $0.7488 now aligns with the 0.236 Fibonacci level, which is acting as a near-term ceiling. Pi Network price dynamics (Source: TradingView) From a momentum standpoint, RSI (14) on the 30-minute chart has dipped to 47, showing lack of bullish strength, while the MACD histogram flattens below the zero line—pointing to indecision. The Stochastic RSI, however, has just crossed bullishly from oversold territory, suggesting a minor recovery could materialize before the next decisive move. Key Patterns and Levels Driving Pi Coin Price Action Pi Network price dynamics (Source: TradingView) The symmetrical triangle drawn from the $0.80 highs and higher lows near $0.705 now dominates short-term Pi Coin price action. A breakout above the triangle’s upper trendline and $0.7460 will likely open the door for a retest of the $0.78–$0.80 region, which coincides with both the 200 EMA on the 4-hour chart and the upper Bollinger Band. On the downside, immediate support lies at $0.722 and $0.7128, with the latter aligning with the 38.2% Fibonacci retracement. A sustained break below $0.705 could send Pi Coin price back toward the lower support band near $0.666 and possibly $0.620 in a deeper correction. Pi Network price dynamics (Source: TradingView) The Chande Momentum Oscillator reading of -40.7 supports the neutral-bearish outlook for now, but rising higher lows on the daily structure hint that bulls are not completely out of play yet. Short-Term Outlook for Pi Coin Pi Network price dynamics (Source: TradingView) Until the symmetrical triangle breaks decisively, Pi Coin price volatility will likely remain range-bound between $0.712 and $0.748. The Bollinger Bands are tightening on the 4-hour chart, reinforcing this view. For bulls, reclaiming $0.75 and holding above $0.765 would signal strength, while failure to hold the $0.705–$0.712 band could reignite bearish pressure. Here’s a breakdown of the current short-term forecast: Level Zone Resistance 1 $0.7488 (local top) Resistance 2 $0.7650 (BB upper band) Support 1 $0.7227 (Fib 0.5) Support 2 $0.7050 (trendline base) Support 3 $0.6663 (critical demand) MACD (30-min) Weakening momentum RSI (30-min) 47.5 (neutral-bearish) Stoch RSI Bullish crossover forming ChandeMO -40.7 (bearish bias) Although the Pi Coin price today shows limited movement, the converging triangle suggests a breakout may be close. Whether bulls or bears take control hinges on price behavior near $0.7460 and $0.7128 in the next few sessions. Traders should monitor breakout confirmation with volume spikes before positioning for any extended move. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
BounceBit Pilots Bitcoin Trading Strategy Using BlackRock's BUIDL as Collateral
BounceBit, a crypto infrastructure provider using features from both centralized (CeFi) and decentralized finance (DeFi), has executed a bitcoin (BTC) derivatives trading strategy using BlackRock's yield-generating tokenized money market fund, BUIDL, to enhance returns. The strategy, to be rolled out to institutions and retail users, consisted of two main components: a bitcoin basis trade, involving a long position in the spot market while shorting futures, and a short position in BTC put options, both collateralized by BUIDL tokens. The basis trade, also known as cash and carry arbitrage, alone generated an annualized yield of 4.7%, with put option writing contributing an additional 15%. Combined with the 4.25% return from BUIDL used as collateral, the total yield exceeded 24%. Integrating BUIDL as collateral helped generate a higher return than strategies collateralized by stablecoins, which do not generate any return. "This strategy allows investors to capture both Treasury Bill yields and funding rate arbitrage returns," Jack Lu, founder and CEO of BounceBit said in a press release exclusively shared with CoinDesk. "BounceBit bridges the gap between Western real-world asset issuers and Asian crypto trading infrastructure, providing new options for yield generation," Lu said. BounceBit is the native BTC restaking chain secured by staking both bitcoin and BounceBit tokens. The network allows BTC holders to earn yields through native validator staking, DeFi ecosystem and a CeFi-like mechanism powered by Ceffu and Mainnet Digital. As of writing, cryptocurrencies worth over $500 million were locked on BounceBit. BounceBit plans to roll out the BUIDL-collateralised strategy to institutional and retail users soon. "The successful pilot is a proof of concept to our new product line BB Prime, which will be available to both retail and institutional users," BounceBit's spokesperson told CoinDesk. "This strategy underpins BB Prime as a new class of CeDeFi applications built on top of RWAs which are traditionally troubled by a lack of utilities beyond just holding for t-bill yield, hindering mass adoption," the spokesperson added. BUIDL, launched in March 2024 by Securitize and BlackRock, is a tokenized investment fund operating on multiple blockchains, including Ethereum, Aptos and Polygon. The token, currently boasting a market cap of $2.88 billion, is backed by short-term U.S. government bonds, boasting a stable value pegged at one dollar per token.
BlackRock’s BUIDL To Power BounceBit’s New RWA Yield Strategy Platform
Financial infrastructure firm BounceBit is tapping into BlackRock’s USD Institutional Digital Liquidity Fund ( BUIDL ) for a new real-world assets (RWA) yield strategy tool. According to a new press release from BounceBit, the collaboration mixes traditional finance with blockchain infrastructure, allowing investors to leverage traditional yields with crypto derivatives trading. Per the announcement, the strategy involves executing Bitcoin ( BTC ) and stablecoin trades with BUIDL as collateral. BounceBit says the trading strategy could raise total annual percentage yield (APY) for investors by 24%. BUIDL is a BlackRock private fund, which is tokenized by Securitize and made available through its Securitize Markets. According to a post to the social media platform X, the strategy is “the first active use-case for tokenized treasuries.” Says Jack Lu, Founder & CEO at BounceBit, “This innovative approach demonstrates what is possible when investors simultaneously capture both U.S. dollar yields and funding rate arbitrage returns, potentially creating opportunities for institutional investors seeking sustainable USD-denominated yield generation across market cycles.” Last month, the Bank for International Settlements (BIS) said that the tokenization of RWAs on blockchains will develop stronger links between crypto and traditional finance (TradFi). In a paper on the financial stability risks of crypto, BIS analysts say that RWAs – or the tokenization of traditional assets on distributed ledgers – are creating an increased connection between TradFi and decentralized finance (DeFi). Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Generated Image: DALLE3
Pi (PI) Price Prediction For May 19: Will Buyers Break Above $0.78 Resistance?
The Pi Coin price today is hovering around $0.742, consolidating after a short-term rebound from the $0.68 low. While the broader trend remains in recovery mode after last week’s steep decline from above $1.40, bulls are currently testing the confluence of moving averages and short-term resistance levels, suggesting a make-or-break moment for Pi Coin price action in the coming sessions. What’s Happening With Pi Coin’s Price? After a parabolic surge that took the Pi Coin price from $0.30 to over $1.60 in less than a week, the asset witnessed a sharp retracement, losing over 50% of its gains and revisiting the $0.65–$0.70 accumulation zone. However, buyers have started to regroup near this demand region, evident from the 4-hour candles forming higher lows over the past 24 hours. Pi Network price dynamics (Source: TradingView) Pi is currently capped by the 20-EMA and lower Bollinger Band on the 4-hour chart, both aligned near $0.78. A clean break above this zone could trigger fresh upside toward the $0.85–$0.90 supply region. Until then, the short-term trend remains fragile, with resistance keeping Pi Coin price spikes in check. MACD And RSI Flash Mixed Signals Pi Network price dynamics (Source: TradingView) The 30-minute chart reveals a slight bearish divergence forming on the RSI, which has declined from the overbought zone of 70+ to 56 despite price remaining flat. At the same time, the MACD histogram has begun to contract, indicating waning bullish momentum. If bulls fail to hold above $0.72, we could see a retest of $0.70 or even the $0.68 zone. Pi Network price dynamics (Source: TradingView) On the higher timeframe, the daily chart shows a larger descending triangle structure forming, with Pi facing repeated rejections below $0.80. Until the upper trendline of this triangle is breached, price may remain range-bound between $0.68 and $0.80, creating choppy Pi Coin price volatility in the short term. Ichimoku And Chande Momentum Support Caution Pi Network price dynamics (Source: TradingView) From the Ichimoku Cloud perspective on the 30-minute chart, Pi remains below the Kumo, with Tenkan and Kijun lines now flattening around $0.74. This suggests sideways consolidation unless a breakout or breakdown occurs. Meanwhile, the Chande Momentum Oscillator is showing declining strength at –39.01, signaling a lack of bullish drive to push above the current resistance. Unless momentum indicators flip back into bullish territory with volume, the Pi Coin price update could remain subdued through May 19. Key Levels To Watch: Pi Coin Short-Term Forecast Indicator/Zone Level Implication Immediate Resistance $0.78 20-EMA + Lower BB Band cap Breakout Target $0.85–$0.90 Supply zone, profit booking likely Support Zone $0.72–$0.70 Near-term base, needs to hold Critical Demand Area $0.66–$0.68 50% retracement, buyer reload zone MACD / RSI (30-min) Flat/Neutral Warning of potential reversal Ichimoku Cloud Status Bearish Bias Still trading below Kumo Why Pi Coin Price Going Down/Up Today? Pi Network price dynamics (Source: TradingView) The current recovery is fueled by dip-buying interest near the $0.68 level, but sentiment remains cautious as overhead resistance levels remain firm. Without a decisive move above $0.78 backed by rising volume, traders may expect further ranging or pullback moves, contributing to day-to-day Pi Coin price volatility. Outlook For May 19 For May 19, Pi (PI) is expected to remain volatile between $0.70 and $0.78 unless broader crypto momentum or on-chain catalysts provide direction. A breakout above $0.78 could extend toward $0.85–$0.90, but failure to reclaim this area may open downside retests at $0.70 and $0.66. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Onyxcoin (XCN) Price Prediction for May 2025
The Onyxcoin price today is hovering around the $0.0191 mark, stabilizing after a steep surge to $0.0223 earlier this week. While momentum cooled following the sudden spike, the Onyxcoin price action has managed to hold above multiple support clusters between $0.018 and $0.0186. Onyxcoin (XCN) price dynamics (Source: TradingView) Zooming into the 30-minute chart, the asset initially broke out of a descending wedge near $0.017 and posted a vertical move to the $0.022 range. However, the subsequent candle patterns suggest exhaustion. Price is now moving in a sideways drift just above prior supply zones, facing headwinds from the descending trendline drawn from the peak. Why Onyxcoin Price Going Down Today? Onyxcoin (XCN) price dynamics (Source: TradingView) This consolidation comes after high volatility on May 15, where XCN posted back-to-back long wicks on the 30-minute and 4-hour candles, indicating aggressive profit-taking. The Onyxcoin price pulled back nearly 15% from intraday highs, with RSI cooling to 46.9 and MACD showing a flattening histogram near the zero line—both signs of a stall in bullish momentum. Onyxcoin (XCN) price dynamics (Source: TradingView) The rejection from $0.022 coincides with a confluence of resistances on the daily and 4H trendline, which further dampened the pace of this rally. The Ichimoku cloud on lower timeframes also shows price currently beneath the Tenkan-Sen and Kijun-Sen, hinting at bearish short-term pressure. Key Levels to Watch in Onyxcoin Price Action Onyxcoin (XCN) price dynamics (Source: TradingView) The key near-term resistance lies at $0.0202 (upper Bollinger Band), with a breakout above $0.0223 needed to resume the bullish push. Failure to do so could drag the Onyxcoin price toward $0.0183 and potentially test the rising trendline at $0.0178. If $0.0178 breaks, a further move toward $0.0169 (trendline support) becomes likely. On the upside, the bulls need to reclaim $0.0206 (4H Ichimoku Kijun-Sen) and flip the dynamic resistance into support. The daily chart shows the EMA-20 and EMA-50 still sloping upward, supporting the medium-term uptrend if price stabilizes above $0.018. Notably, the Stochastic RSI has entered the oversold territory at 3.5, suggesting a bounce may occur in the next few sessions—especially if accompanied by higher volume and MACD crossover. May 2025 Outlook: Will Volatility Drive Another Breakout? Onyxcoin (XCN) price dynamics (Source: TradingView) May has so far been marked by Onyxcoin price volatility, driven largely by low-liquidity breakouts and technical squeezes. The recent Onyxcoin price spike followed a textbook descending triangle breakout, but the retracement shows that bulls lack conviction to sustain above $0.022. Onyxcoin (XCN) price dynamics (Source: TradingView) If bulls manage to hold the $0.0183–$0.0186 band and breach $0.0202 by mid-May, the next leg could push XCN toward $0.0231. However, any breakdown below $0.0178 would nullify this outlook and expose the coin to a drop toward $0.0160 or lower. The previously discussed bullish wedge from early May has now morphed into a broader flag. The base of this move remains intact near $0.0169, aligning with the 200 EMA and past accumulation levels. While the recent spike tested the breakout potential, the asset remains at a critical inflection point. Onyxcoin Price Forecast Table – May 2025 Level Type Price (USD) Indicator Reference Immediate Support $0.0183 30-min breakout base + Fib 0.382 Major Support $0.0169 200 EMA + previous channel resistance Immediate Resistance $0.0202 Upper BB + 4H trendline retest Bullish Breakout Target $0.0223 May high + descending TL break RSI (30-min) 46.98 Neutral zone, slight bearish tilt MACD Neutral Flat histogram, potential cross ahead Trend Bias Sideways/Up Pending breakout of $0.0202 zone Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Pi Network (PI) Price Corrects Sharply Post-$100M Fund News; Analyst Cites “Overbought Euphoria”
Pi Network (PI) price corrected over 28% (from $1.53 to $0.8447) after its $100M fund news Analyst BOB on X attributes PI drop to “overbought euphoria,” citing RSI above 90 pre-fall PI recovery to $1.50+ hinges on Pi Network Ventures utility & major CEX listings (Binance) Pi Network (PI) has experienced a sharp correction after what should have been bullish news, the announcement of a $100 million venture fund aimed at accelerating development on its mobile-first blockchain. Instead of rallying on the news, PI dropped more than 28% in 24 hours, falling from its local high of $1.53 to a recent low of $0.8447. The token now trades at $0.8647, slightly off its intraday bottom, but still deep in the red. Overheated Rally Led to Predictable Exhaustion, Says Analyst BOB According to crypto analyst BOB on X , the market was caught in an “overbought euphoria” following the hype around the Pi Network Ventures announcement. With RSI crossing 90 on the 4H chart during the pump to $1.53, PI was in dangerously overheated territory. The correction was brutal but predictable. The analyst noted: “Short-term might bleed more, especially with those token unlocks incoming. But longer-term… if the fund delivers utility and a Binance or Coinbase listing happens, $PI could reclaim $1.50+ again by month-end.” Related: Pi Coin (PI) Price Prediction for May 16 Pi Network Ventures: Aiming for Ecosystem Growth Like a VC Pi Network’s $100M initiative, formally known as Pi Network Ventures, is intended to inject vitality into the Pi ecosystem. It plans to do this by investing in startups across various sectors, including fintech, AI, social applications, and marketplaces. The draft indicates that, unlike some typical crypto funds, Pi Network Ventures aims to operate with the due diligence and early-stage innovation focus of a traditional Silicon Valley venture capital firm. PI Technical Analysis: Bearish Pressure Dominates, Key Levels Emerge The Relative Strength Index (RSI) has dropped from extremely overbought levels (90+) to 42.15, just above oversold territory, indicating a cooling phase but no strong bullish reversal yet. On the other hand, the Bollinger Bands (BB) on the 4H chart are expanding downward, reflecting rising volatility and bearish momentum. Source: TradingView Price is now sitting below the BB median (20-SMA) of $1.0145, suggesting bearish pressure dominates. The lower band sits at $0.7033, which could act as the next major support. A breakdown below $0.70 would open the door to $0.60–$0.58, where buyers may step in. Related: Analyst Flags Major Risk in Pi Network, Draws Comparisons to Terra Luna 2022 Crash Meanwhile, a break above $1.32 (upper BB) could then lead to a retest of $1.50, and potentially $2.50 by Q4, assuming Pi Network Ventures begins delivering real utility and a CEX listing materializes. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Top 7 Token Unlocks of the Week (May 12-18)
Over $1,2 billion in crypto will be unlocked this week, potentially triggering buying or selling pressure for the tokens involved in the unlock events. Here are the top seven token unlocks of the week. Top 7 Token Unlocks This Week – Over $1,2 Billion in Crypto Top 7 token unlocks of the week 1. WhiteBIT Coin (WBT) Tomorrow, May 13, almost 39,5 million WBT tokens will be unlocked, representing 12% of the total supply. So far, almost 70% of the total supply has been unlocked, according to CryptoRank data. The unlock amount is $1,2 billion, or 27.4% of the fully diluted market cap of the token at over $9,8 billion. Today, WBT is trading above $30, with a market cap of over $29,7 million. WBT price in USD today 2. Aptos (APT) Today, over 11,3 million APT tokens are unlocked, or almost 1% of the total supply. So far, over 41% of the supply has been unlocked. The unlock amount is over $68 million, representing almost 2% of the fully diluted market cap of the coin at over $6,9 billion. At the moment of writing this article, APT is trading above $6, with a market cap of over $3,77 billion, and the digital asset is up by over 2.5% in the past 24 hours. APT price in USD today 3. Arbitrum (ARB) On May 16, over 92,6 million ARB tokens will be unlocked, or over 0.9% of the total supply. Almost 36% of the total token supply has been unlocked so far. The unlock amount is more than $43 million, representing more than 1.9% of the fully diluted market cap of the token at $4,56 billion. ARB is up by almost 1% in the past 24 hours, and the coin is trading above $0.46, with a market cap of over $421 million. ARB price in USD today 4. StarkNet (STRK) On May 15, more than 127 million STRK tokens will be unlocked. The amount represents almost 1.3% of the total supply. So far, over 16% of the supply has been unlocked. The unlock amount is $24 million, or a little over 4% of the fully diluted market cap of the coin at $1,88 billion. STRK is up by more than 5% in the past 24 hours, and the coin is trading at almost $0.19, with a market cap of over $45 million. STRK price in USD today 5. Immutable (IMX) On May 16, over 24,5 million IMX tokens will be unlocked, or over 1.2% of the total supply. More than 91% of the total IMX supply has been unlocked, according to CryptoRank data. The unlock amount is over $17,7 million, or over 1.3% of the fully diluted market cap of the token at $1,45 billion. Today, IMX is trading at almost $0.73 with a market cap of more than $1,32 billion. IMX price in USD today 6. ApeCoin (APE) On May 17, over 15,3 million APE coins will be unlocked, or over 1.5% of the total supply. So far, more than 83% of the total APE supply has been unlocked. The unlock amount is over $10,5 million, representing almost 1.9% of the fully diluted market cap of the coin at over $680 million. APE is up by over 4% for the day, and it’s trading above $0.67, with a market cap of over $511 million. APE price in USD today 7. BounceBit (BB) Tomorrow, May 13, 44.7 million BB tokens will be unlocked, representing about 2% of the total supply. Over 15% of the BB supply has been unlocked so far. The unlock amount is over $7,8 million or almost 11% of the fully diluted market cap of the token at $367 million. BB is up by over 3% today, and the coin is trading above $0.17, having a market cap of over $91 million. BB price in USD today These token unlocks are important events because they can trigger volatility for the digital assets, and this week, the WBT token unlock will be the most significant.
CRV Token on Free Fall as Curve Finance Confirms DNS Record Attack
Key Notes Curve Finance suffered a DNS hijack, redirecting users to a malicious clone site with a similar setup. CRV token price dropped by over 8%, falling to $0.7274 as traders reacted to the security incident. Technical indicators flash bearish signals, with MACD nearing a negative crossover. Curve Finance, a prominent decentralized finance (DeFi) ecosystem, is once again under siege, this time from a DNS-level exploit that sent shockwaves through its user base, resulting in a sharp downturn in the price of its native token, CRV. According to CoinMarketCap data , CRV trades at $0.7303, down almost 7% in the past 24 hours and is retesting the 20-day Exponential Moving Average (EMA) at $0.7074. DNS Compromise Triggers Panic Late Monday night, Curve Finance confirmed a critical security breach involving its domain curve[.]fi. Late last night, the curve [.] fi domain was compromised at the DNS level. This exploit redirected traffic to a malicious IP not associated with Curve Finance. No smart contracts or internal systems were breached—the protocol itself remains fully operational and secure. User… — Curve Finance (@CurveFinance) May 13, 2025 The attacker manipulated the DNS records, rerouting users to a malicious website that mirrored Curve’s legitimate interface but contained nefarious scripts designed to trick users into unknowingly approving token transfers. “The DNS incident involving Curve Finance reflects a broader issue across the industry,” the project stated in an official post, highlighting the rising frequency of infrastructure-targeted attacks in the crypto space. Fortunately, Curve’s core infrastructure, including its smart contracts and internal systems, remains uncompromised. “User funds are safe,” the team reiterated, assuring users that the breach was isolated strictly to the front-end layer. This latest attack mirrors a previous DNS hijack in 2023, which led to over half a million dollars in losses. Technical Analysis: Bearish Clouds Forming The Bollinger Bands on the chart below show that CRV has pulled back from the upper band ($0.8018) and is now testing the middle band (20-day SMA) around $0.7080. A breakdown below this level could expose CRV to the lower band support near $0.6141. CRV 1D Chart with BB and RSI. Source: TradingView The MACD Indicator displays a neutral crossover forming, with the MACD line (0.0421) and signal line (0.0422) nearly converging. If this crossover tilts bearish, downward momentum could accelerate in the coming days. If the MACD crosses negatively and CRV loses the $0.7080 support, the token could test $0.61–$0.62 in the near term. On the flip side, if CRV reclaims the $0.75 mark with volume confirmation, the next resistance lies at the upper Band near $0.80–$0.81. Note: this is a sponsored message from our partners 🔥 BTC Bull Token ($BTCBULL) Turns Into Investors’ Eye Candy Amid hack attempts and a collapsing CRV token, BTC Bull ($BTCBULL) is gathering attention in a hurry with $5.6 million raised in its ongoing presale. The project aims to reward holders through various mechanisms tied to Bitcoin’s price appreciation. The rewards include direct BTC airdrops for holding $BTCBULL in their designated wallets and further airdrops or token burns triggered by $25,000 increments in Bitcoin’s price, with a significant airdrop promised when BTC reaches $250,000. About BTC Bull ($BTCBULL) As per the whitepaper, BTC Bull leverages meme culture and military-themed branding to create an engaging community around Bitcoin’s potential. A significant 10% token airdrop is also planned for early supporters when Bitcoin reaches $250,000. By offering these BTC-adjacent rewards and fostering a strong bullish narrative, $BTCBULL seeks to become a compelling asset for those who believe in Bitcoin’s upward trajectory. Current presale stats: Current price: $0.00251 Amount raised so far: $5.67M Ticker: BTCBULL Chain: Ethereum With just 1 day, 20 hours left until the next price increase, market participants can easily complete their purchase of BTCBULL tokens by visiting the official website of the project and capitalizing on Bitcoin’s growth potential. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
BitBoard, Clash of Lilliput surge as Bitcoin hovers below $96,000
While Bitcoin hovers around $95,400, several gaming and social tokens like BitBoard (BB) and Clash of Lilliput (COL) are leading the pack with notable 24-hour increases. BitBoard has surged 104% in the last 24 hours, trading at $0.006162 from a low of $0.002903. BB has shown a price pump of 760% over the past week and 4,200% growth in the last 30 days. See below. Source: CoinGecko BitBoard describes itself as “a space for stars and fans that offers an online fandom service.” However, despite the price action, there haven’t been any notable announcements or developments from the project that would explain such price movements. The surge appears to be driven more by market speculation than fundamental developments. You might also like: Here’s why XRP market cap will flip Ethereum in 2025 Second on CoinGecko’s top crypto gainers list is Clash of Lilliput. The token jumped 64.3% in the past 24 hours from $0.2546 to $0.419 before falling to about $0.2874 at press time. Unlike BitBoard, there is a clearer catalyst for COL’s price action. Source: CoinGecko The gaming token supports an “LG game based on the scenario of a race of miniature people building a tribe to help their survival and prosperity.” The recent price surge coincides with an announcement about expanded token utility within the game ecosystem. 💫📯 Power Up with #ClashofLilliput! 💎⚡️ Use $COL to speed up upgrades, buy items, trade pets & gear, and even shape the game through governance votes! 🏆🔥 Earn rewards based on your battle rankings. pic.twitter.com/GYUdDPzmmv — Clash of Lilliput (@LilliputGames) May 3, 2025 According to the team, users can now use COL to speed up upgrades, buy items, and trade pets & gear. They can also earn rewards based on their battle rankings. This expansion of in-game token utility appears to be driving genuine user interest and demand. You might also like: NFT sales jump 22% to $107m, Pudgy Penguins recover TROLL climbed 52.3% over 24 hours, from $0.01996 to $0.03373. Despite the impressive gains, TROLL appears to be a relatively new project with no clear developments or announcements that would explain the price surge. It’s currently up 20.2% and trading at $0.03106. Source: CoinGecko The fourth coin on the list is ArcBlock which has gained 40% in the last 24 hours, trading at $1.15 from $0.817 at last check. ArcBlock’s price movement appears connected to a specific product announcement. Source: CoinGecko The project recently unveiled ArcSphere which is described as “a different kind of browser” though specific details about its functionality and features were not provided. Something new is coming. ArcSphere — a different kind of browser. Are you ready? pic.twitter.com/pCXC47cTmi — ArcBlock (@ArcBlock_io) May 4, 2025 While these smaller tokens post big gains, Bitcoin (BTC) has pulled back below $96,000. The overall crypto market cap has also dropped 0.9% from yesterday’s $3 trillion to $2.97 trillion as per CoinMarketCap data. Read more: Crypto VC funding: Camp Network, Miden each secure $25 million
As FOMO Spikes and Whales Exit, Bitcoin’s Top May Be In Sight
Bitcoin tests $98K resistance as Capo flags a local top and risk of short-term distribution. LTH profits near 350% at $99.9K, a level historically tied to cycle tops and heavy distribution. RSI nears 70 as whales withdraw $200M; Taker Buy Ratio spikes to 1.142 on Binance. Bitcoin’s strong rally from April’s $75,000 low might be at the risk of a halt as the $92,000–$98,000 resistance band stands strong. Popular market analyst Capo of Crypto warned in a recent post that the current levels may represent a local top and possible “LTF distribution.” “Above $92k–93k → Bullish, but strong resistance at $96k–98k. Below $92k → Bearish,” Capo noted, highlighting the high-risk, high-reward zone Bitcoin has entered. His chart further projects a potential “real capitulation event” if BTC is rejected from this resistance and fails to hold key support near $92,000. On-Chain Metrics: Long-Term Holders Near Peak Profit According to Glassnode , long-term holders (LTHs)—those holding BTC for more than 155 days—are approaching a critical profitability threshold. The latest report shows that the average unrealized profit for these holders will hit approximately 350% if BTC reaches $99,900. This level is historically linked to large-scale distribution events where holders sell. Notably, LTH supply has increased by 254,000 BTC over the last two months. Despite their reputation for diamond hands, LTHs have shown a clear tendency to take profits near macro tops, as seen during rallies in 2021 and 2023. Related: Bitcoin (BTC) Price Prediction May 2025: Can BTC Break Above $96K or Face Resistance? Market Data: Taker Buy Ratio Spikes The Taker Buy/Sell Ratio on Binance recently spiked to 1.142, the highest level in its current range. This indicates that market participants are aggressively buying at market price, not waiting for dips; a clear sign of bullish FOMO. Further, a sharp $200 million BTC outflow from exchanges (as per the Whales Screener) coincided with Bitcoin breaking through $96,000. This withdrawal, typically interpreted as whales moving coins into cold storage, reflects confidence and reduces immediate sell pressure on exchanges. Bitcoin Price Analysis As per the chart below, the Bollinger Bands (BB) show BTC pushing the upper band near $100,000, a signal of overbought conditions but also strong upward momentum. Meanwhile, mid-BB support rests near $90,000, which aligns with Capo’s short-term bearish invalidation zone. If price retraces to this area, the reaction will be critical. Source: TradingView Related: North Carolina’s ‘Digital Asset Freedom Act’ Looks More Like a Bitcoin Bill Also, the RSI (14-day) sits at 69.66, teetering on overbought. Historically, Bitcoin can push well above 70 in parabolic rallies, but it also suggests a pullback could follow if bulls lose momentum. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
TRUMP Token Price Tanks 5% as $24M Tokens Shifted to CEXs Ahead of Trump Dinner
Key Notes The TRUMP development team transferred $19.6 million worth of tokens to major exchanges. Market maker Cumberland DRW made a transfer of 300,000 TRUMP tokens to the OKX exchange. The dumping closely precedes the high-profile dinner with top TRUMP holders to be held on May 22. US President Donald Trump ‘s Official Trump TRUMP $13.81 24h volatility: 5.6% Market cap: $2.76 B Vol. 24h: $1.13 B token, which had recently skyrocketed following the hype surrounding a private dinner invitation with the POTUS, has come under severe pressure after a massive token dump by insiders. At press time, the TRUMP token trades at a 5% loss , driven by a confluence of bearish catalysts, including over $24 million in combined token offloading by the team and market makers. TRUMP Team and Cumberland Flood the Market According to on-chain analytics from Lookonchain, wallets linked to the TRUMP team deposited $19.6 million worth of tokens across major centralized exchanges, including Binance , OKX, and Bybit. A wallet linked to the $TRUMP team deposited 1,346,000 $TRUMP ($19.58M) into #Binance , #OKX , and #Bybit 9 hours ago. https://t.co/Mkk5VIjIFW pic.twitter.com/G4cuIBrQVq — Lookonchain (@lookonchain) April 29, 2025 The breakdown: Binance: 700,000 TRUMP tokens, worth approximately $10.21 million OKX: 350,000 tokens, valued at $5.1 million Bybit: 296,000 tokens, totaling around $4.3 million Adding to the sell pressure, prominent market maker Cumberland DRW transferred an additional 300,000 TRUMP tokens to OKX, amounting to $4.4 million. Combined, this represents over $24 million in token deposits, a move that has triggered panic among retail holders. The timing, just weeks ahead of the high-profile May 22 dinner , has amplified concerns that insiders may be exiting. Notably, Democratic US Senators Adam Schiff and Elizabeth Warren have formally requested an ethics inquiry into the private dinner hosted by Trump for TRUMP token holders. Their April 25 letter to Office of Government Ethics Director Jamieson Greer highlights that the dinner, which coincided with a sharp price rally, may have misled investors and influenced financial markets. Technical Analysis: Signs of Exhaustion and Bearish Reversal As of press time, TRUMP trades at $14.11, down from a recent high of $15.59. The token has breached key support at the 0.618 Fibonacci retracement level ($14.12) and is now flirting with the 0.786 level at $13.78. If it fails to hold here, the next major downside target lies at the 1.618 Fib extension around $11.86, followed by deeper support at $9.56 and $7.26. 4H TRUMP Price Chart | Source: TradingView The Relative Strength Index (RSI) has dropped to 62.59, cooling off from its recent overbought levels above 80. This RSI divergence suggests bullish momentum is fading. A drop below 50 could confirm a stronger bearish breakdown. Meanwhile, Bollinger Bands (BB) are beginning to squeeze, signaling declining volatility and the potential for a decisive move. Price action breaking below the mid-band (20 SMA), currently at $14.02, hints at weakening support. A bullish scenario would require TRUMP to reclaim the upper Fib levels, particularly the $15.00–$15.59 zone. A close above this resistance could open the door to new highs. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance
Bitcoin price holds near $95K as RSI approaches overbought territory, sparking breakout watch. Presto Research maintains $210K year-end Bitcoin target despite macro uncertainties. Bitcoin miners face rising competition from AI firms, potentially tightening BTC supply. Bitcoin (BTC) is once again at the center of market attention, as it fights to solidify its role as both “digital gold” and a high-beta risk asset. According to crypto research firm Presto Research, Bitcoin has shown strong resilience in April bouncing sharply from early-month lows and now trading above $94,000. Presto noted that the rally has set the stage for either a continuation higher or a corrective pullback, depending on upcoming technical and macroeconomic shifts. Bitcoin’s $210K target reaffirmed: volatility, institutional adoption, and global liquidity are fueling the next big move. Watch Peter Chung, our Head of Research, share insights on CNBC Asia’s Squawk Box. https://t.co/kzJaUVhNs6 — Presto Research (@Presto_Research) April 28, 2025 Bitcoin Nears Upper Bollinger Band as RSI Signals Caution From a technical perspective, Bitcoin’s daily chart shows prices hovering just below $95,000 brushing against the upper Bollinger Band, a zone that often signals short-term overheating. The Bollinger Bands (BB), calculated using a 20-day simple moving average and 2 standard deviations, shows the upper BB stands near $98,431, the lower band around $78,124, and the midline support near $88,278. Source: TradingView The Relative Strength Index (RSI), meanwhile, stands at 67.78, just below the overbought threshold of 70. While not extreme, it hints that Bitcoin is entering a potentially exhausted state after a powerful rally from April lows near $80,000. Related: From ‘Never Sell’ to Maybe Sell? Saylor’s Strategy Filing Changes Bitcoin Tune If Bitcoin can break cleanly above $98,500, it may ignite a rapid move toward the psychological $100,000 mark. Failure to hold current levels could see a retracement toward support near $88,000. Presto Research: Bitcoin Still on Track for $210K Year-End Target Peter Chung, Head of Research at Presto, reiterated his year-end target of $210,000 for Bitcoin in a recent CNBC interview, maintaining confidence in Bitcoin’s potential despite macro volatility. According to Chung, institutional adoption and global liquidity expansion remain key drivers behind his bold projection, effectively a 120% upside from current levels. He explained that Bitcoin acts like a “risk-on asset” most of the time, benefiting from network effects similar to internet companies. However, during periods of geopolitical stress or financial instability, Bitcoin tends to pivot into its “digital gold” behavior — serving as a safe-haven asset alongside physical gold. Notably, both Bitcoin and gold have rallied more than 40% over the past 12 months, though Bitcoin’s price action has remained more volatile and spiky compared to gold’s steady climb. Energy Battles Between Bitcoin Miners and AI Firms Could Tighten Supply A rising structural debate is brewing over the battle for cheap electricity between Bitcoin miners and AI data center operators. While Bitcoin’s supply side is fixed through its halving cycle, its mining profitability hinges on electricity costs. Chung believes Bitcoin miners will continue operations as long as price appreciation justifies the power costs, i.e., higher BTC prices could offset the rising competition from AI data centers. Related: ‘Fed on the Clock’: Hayes Links Bond Market Stress to Coming Bitcoin Gains However, if competition from AI firms sharply drives up energy prices, less efficient Bitcoin miners may be forced offline, tightening circulating supply and strengthening price support over time. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
ProShares XRP Futures ETF Sets the Stage for April 29 Breakout: XRP Targets $2.40
XRP rallies to $2.27 ahead of ProShares ETF launch eyed for April 30 debut. MACD bullish crossover, expanding Bollinger Bands hint at XRP upside momentum. Traders watch $2.40 and $2.60 breakout zones as ProShares XRP ETF fuels sentiment. XRP climbed 4.70% over the last 24 hours, hitting $2.27 and briefly touching a daily high of $2.29 earlier today. This price increase comes as traders grow excited about upcoming investment products linked to XRP, especially XRP ETFs. CoinMarketCap data shows that XRP is navigating a tight corridor between $2.20 and $2.30. The 20-day Exponential Moving Average (EMA) stands at $2.15, acting as an important support level. Should prices dip, this level may be retested, providing bulls a fresh launching pad. XRP Price Analysis Bollinger Bands (BB) are moderately expanded, hinting at an ongoing rise in volatility. Importantly, XRP’s price is currently trading near the upper band ($2.28), often signaling short-term overextension. However, it’s also a common trait during strong bullish trends, suggesting momentum could carry higher if buying pressure sustains. Source: TradingView Further positive signs come from the MACD (Moving Average Convergence Divergence). The main MACD line recently crossed above its signal line and entered positive territory – a classic bullish signal. Although the histogram bars showing momentum are still small, they are growing, suggesting bullish strength is building carefully. Bullish Case: XRP’s Breakout on ETF Catalysts Beyond the charts, upcoming ETF news supports a positive outlook for XRP. ProShares could launch a futures-based XRP ETF with 2X leverage in the U.S. as soon as next week, targeting an April 30th debut. Not spot. https://t.co/vu97Ju6NYy — Eleanor Terrett (@EleanorTerrett) April 27, 2025 While a futures ETF doesn’t require the same level of SEC approval as a spot ETF, the fact that the SEC isn’t blocking it suggests increasing regulatory comfort with XRP. This potential launch could significantly boost XRP’s visibility among both institutional and everyday traders. Adding to the positive sentiment is the recent arrival of XRPH11 in Brazil , launched by global asset manager Hashdex. It’s considered the world’s first XRP ETF. This launch improves XRP’s standing and provides regulated investment access in Latin America’s largest market. Related: Top Trader Reveals Fresh XRP Long Strategy: Entry, Targets, and Risk Levels If these ETF developments continue positively, XRP could soon test resistance levels at $2.40 and $2.60. A sustained rally might even target the $3.00 mark. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th
XRP is battling to reclaim its 50-day EMA at $2.198, with a breakout target up to $2.80. A $126M whale transaction could signal growing institutional interest and brewing volatility. Technical indicators like Bollinger Bands and MACD hint at an imminent strong move. XRP has started showing signs of momentum shift after a relatively stagnant trading session. Trading at $2.19, XRP posted a moderate 6% gain over the past week while claiming a daily high of $2.22 in the past 24 hours. According to CoinMarketCap data , XRP is now trying hard to break above its 50-day Exponential Moving Average (EMA), which sits right around $2.198. This is a key technical spot that could signal XRP’s next big price direction. Nearby, the 20-day EMA around $2.13 is acting as immediate support for the price. Why Did $126 Million in XRP Move Off Bitstamp? Adding to the interest, a huge amount of XRP was recently moved off the Bitstamp exchange. Reports, citing crypto tracking service Whale Alert via X reported that 57,304,617 XRP, valued at approximately $126.79 million, was transferred from Bitstamp to an unknown wallet. Moves this big always make traders wonder: is this accumulation by a major player, preparation for OTC deals, or simply an internal reshuffle? Regardless, such whale movements tend to precede notable price volatility. XRP Chart Pattern Hints at Potential Breakout From a technical standpoint, XRP is currently trading within a well-defined descending channel pattern, a setup typically considered bullish if the price breaks to the upside. Analyst Alek pointed out that XRP has been consolidating between the crucial $1.95 to $2.08 support zone, making this area pivotal for the coming days. Based on this channel pattern, the upper resistance line appears to be near the $2.50–$2.60 range. So, if XRP can firmly break above the top of the channel, the first target would likely be around $2.50. A strong push could even see it head towards $2.80. What Technical Indicators Suggest About XRP’s Next Move Other indicators also point to a potentially significant move soon. The Bollinger Bands on the XRP chart are getting tighter (squeezing). This often happens right before a sharp price breakout, either up or down. Currently, XRP is pushing against the middle BB band (the 20-SMA), and if it can decisively close above the upper BB band at around $2.29, it could ignite a bullish surge. Source: TradingView On the other hand, if XRP faces rejection here, the lower BB band around $1.87 could act as a strong support base. RSI (Relative Strength Index) is currently neutral but leaning bullish, hovering just under the 60 mark, implying there’s room for further upside before becoming overbought. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
ALPACA Prediction for April 27th Hinges on Battle Between Squeezed Shorts and Overbought Signals
ALPACA skyrocketed 7x in two days after Binance announced its delisting, triggering a massive short squeeze. Extreme negative funding rates and whale manipulation hint at more potential volatility ahead. Despite the rally, ALPACA remains highly risky with strong resistance near $0.21 and crucial support around $0.15. Alpaca Finance (ALPACA) stunned the crypto market with an unexpected surge, when the token price skyrocketed from $0.03 to a peak of $0.217 in just two days, a jaw-dropping 7x rally. This happened right after Binance announced on April 24th it would delist ALPACA on May 2nd. As one would expect, ALPACA initially nosedived, shedding 20% of its value within hours as traders rushed to exit. How a “Delisting Dump” Turned into a Massive Pump However, the expected dump turned into a massive pump. This counterintuitive rally was likely driven by a classic short squeeze. ALPACA’s pump narrative would have been: as traders aggressively shorted ALPACA, expecting further collapse, whales seized the opportunity. Short-sellers were forced to close their positions as the price climbed sharply, causing a cascading effect of liquidations that fueled further gains. Altcoin analyst Wise Advice summed it up best : “Whales are manipulating the price and liquidating shorts. We’ve seen this many times — whales pump the price to lure retailers in, only to use them as exit liquidity.” Currently, $ALPACA remains up nearly 80% in the past 24 hours, trading around $0.1902 after touching an intraday high of $0.2089. Related: Here Are Binance’s New Rules for Listing Tokens on Spot, Futures, and Alpha Extreme Funding Rates Signal More Potential ALPACA Volatility The drama is reflected in the ALPACA perpetual futures market on Binance. The funding rate there became extremely negative, hitting rates as high as -24% per day. Simply put, short sellers are paying an enormous premium just to keep their bearish bets open. Analyst Onchainquant pointed out : “Funding now pays 2% every hour — 48% a day! Shorts must close positions, creating potentially $50M in forced buy pressure into delisting.” Adding to the tension is the huge $79 million in open interest (total value of open futures contracts) compared to ALPACA’s relatively small market cap of about $28 million. This extreme imbalance suggests more violent short squeezes or sharp price drops could still happen before the May 2nd delisting. What the ALPACA Chart Says After the Explosive Pump Looking at the technical chart, ALPACA price has exploded outside the upper Bollinger Band, suggesting a highly overbought condition. Typically, after such an aggressive breakout, price tends to consolidate or pull back towards the middle BB (currently around $0.055) before the next big move. Source: TradingView Meanwhile, the MACD has made a steep bullish crossover with wide separation between the MACD line and the signal line, a textbook signal of bullish momentum. However, such sharp MACD rises often precede corrections once momentum peaks. Related: Another Round of Delistings on Binance — Is Your Favorite Token at Risk? If the $0.1550 price level fails to hold, deeper pullback targets are $0.12 (key breakout retest zone) and $0.055 (middle BB support). Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
XRP Prediction April 19: BB Squeeze Builds Energy, Bulls Target $2.24 Next
XRP is consolidating inside a symmetrical triangle, with a major breakout likely above $2.24 or below $1.87. Hashkey has launched the HashKey XRP Tracker Fund, the first product focused on XRP in Asia. Ripple has been named as an early stage investor in the HashKey XRP Tracker Fund. XRP faces a critical decision point on the charts this Friday, April 18th. Its price is tightening dramatically, squeezed inside a symmetrical triangle pattern between converging trendlines. While the Balance of Power (BOP) indicator reads negative and trading volume dropped 30% in the past 24 hours, XRP trades at $2.06 , attempting to reclaim the 20-day EMA at $2.09. What Does the Symmetrical Triangle Suggest for XRP? On the daily chart, XRP is consolidating inside a symmetrical triangle. This classic chart pattern reflects indecision and a potential buildup of energy for a breakout. The apex of the triangle is fast approaching, suggesting that a decisive move is likely within days. Source: TradingView Currently, XRP is trading near $2.06, with resistance at the descending trendline around $2.24, and support at the ascending base near $1.87. A breakout above $2.24 could initiate a strong bullish leg, while a drop below $1.87 would invalidate the setup and risk further downside and trigger a retest of support levels at $1.60 and $1.55. What Are Other Technical Indicators Showing? Bollinger Bands are tightening considerably, with the upper band at $2.23 and the lower band at $1.87—mirroring the triangle’s boundaries. This volatility compression often precedes explosive moves. Related: XRP Holds Strong at $2.05 While ETH Risks Falling to $1,100 This Month The Balance of Power (BOP) is currently negative at -0.17, suggesting that bears are still in slight control of momentum. However, BOP tends to be reactive near key levels, so a breakout in either direction would likely flip this indicator quickly. Are There Fundamental Factors Affecting XRP? Beyond the charts, XRP has been gaining traction lately. Crypto investment manager HashKey Capital has debuted its HashKey XRP Tracker Fund, the first XRP-tracking investment product in Asia. Notably, Ripple itself is an early investor in the fund. HashKey stated the fund aims to “make it easier to invest in XRP.” Related: Ripple vs SEC Aftermath: Court Ruling on XRP Sales Now Key to IPO Future Meanwhile, Ripple and the US SEC have put a pause on their long standing legal battle, potentially discussing settlement. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Institutional Investors Gain New Regulated Path to XRP Exposure via Asia Fund
Ripple anchors Asia’s first institutional XRP fund by HashKey Capital. Fund targets regulated exposure to XRP for professional investors. Future plans include tokenized MMFs and a potential XRP ETF. Ripple is set to become an anchor investor in HashKey Capital’s newly launched XRP Tracker Fund, the first fund of its kind in Asia. Targeting seasoned investors , it’s a regulated fund offering institutions easy exposure to XRP without needing to directly own, hold, or trade the token. Why an XRP Tracker Fund in Asia Now? This move shows growing confidence in XRP’s role for cross-border payments and asset tokenization. That helps explain why HashKey Capital, which previously launched Bitcoin and Ethereum trackers, is now adding XRP – currently crypto’s third-largest token by market cap. For Ripple, this broadens XRP’s use case beyond just remittances, as institutional interest in XRP keeps rising, driven partly by clearer regulation and new products. Additionally, HashKey and Ripple are reportedly exploring additional DeFi solutions, tokenized products, and even a money market fund (MMF) on the XRP Ledger. If approved by regulators, the tracker fund could evolve into a full-fledged exchange-traded fund (ETF) within the next 1–2 years. Related: Ripple-Owned Hidden Road Obtains FINRA License as Registered Broker-Dealer How Does This Fit Ripple’s Overall Strategy? This investment also fits into Ripple’s broader strategy: expanding product lines and strengthening institutional ties. CEO Brad Garlinghouse downplayed IPO talk , saying Ripple is focused on real-world use, mergers and acquisitions (M&A), and long-term ecosystem growth – not “Wall Street money.” Related: XRP Prediction April 19: BB Squeeze Builds Energy, Bulls Target $2.24 Next Garlinghouse didn’t name specific targets, but he did confirm Ripple is looking at acquiring blockchain infrastructure firms, especially in finance. He believes the US market is finally opening up for crypto players and expects lots of consolidation in the blockchain industry in 2025. “There’s a lot of excitement about some of the changes. And, you know, we will lean into that for sure,” Garlinghouse told Bloomberg. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Ethereum Now Challenges $1,600 Resistance as Pectra, Fusaka Upgrade Momentum Builds
Ethereum (ETH) shows strength, actively testing the significant $1,600 price level after market volatility Major network upgrades, Pectra (May) and Fusaka (late 2025), promise to boost ETH scalability and utility These fundamental improvements via upgrades underpin a bullish outlook, holding ETH price gains Ethereum (ETH) sits at a key point right now wherein investors are weighing the heavy whale selling and low network activity against upcoming technical upgrades against hopes of a price recovery. Data shows whales have offloaded a massive 143,000 ETH (~$229 million) just last week. That kind of selling often signals caution among major market participants. Whales have offloaded 143,000 #Ethereum $ETH over the past week! pic.twitter.com/n8cmwyUpER — Ali (@ali_charts) April 17, 2025 After a rough month that saw prices tumble by 15%, ETH is trying to regain its footing, currently trading at $1,606.74, up nearly 2% in the past 24 hours, shows CoinMarketCap data . With major upgrades like Pectra and Fusaka planned for this year, traders and long-term holders wonder if ETH will be able to push above $2,000 in the near future. What Does Ethereum’s On-Chain Data Show? According to Santiment, Ethereum’s transaction fees have dropped to just $0.168; the lowest level seen in five years. While lower fees are good for users, Santiment analyst Brian Quinlivan notes they typically indicate low demand for block space – meaning fewer people are actively sending ETH or using smart contracts. 🚨💸 BREAKING: Ethereum fees are at a 5-year low, with transactions currently costing just $0.168. This is the cheapest daily cost of making $ETH transfers since May 2, 2020. We briefly break this down in our latest insight. 👇 https://t.co/fg5CfRgsHn pic.twitter.com/QlLwyzdm1F — Santiment (@santimentfeed) April 16, 2025 Historically, Quinlivan adds, low fee periods often come before prices stall or decline, signaling reduced trader interest. Related: Ethereum Holders Find Big Yields (20%+) in DeFi Vaults as ETH Consolidates ETH Price Bounces Off Key Support: What Levels Matter Now? Despite the whale selling and low fees, ETH price recently bounced off a critical support level around $1,528.50. Analyst Ali Martinez identified this zone as significant where 2.61 million addresses accumulated over 4.82 million ETH. Holding this $1,528 support is key. $1,528.50 is a key support level for #Ethereum , where 2.61 million addresses accumulated over 4.82 million $ETH , as shown by on-chain data from @intotheblock . pic.twitter.com/HRnfADqqcR — Ali (@ali_charts) April 16, 2025 Related: Ethereum’s Next Move? Analysis Identifies 3 Key Price Levels to Watch Closely The immediate resistance then lies at the 20-day EMA, currently sitting at $1,687. Reclaiming this level would be an early sign of recovery. However, ETH remains below this moving average, indicating it’s still in a short-term downtrend. Source: TradingView Technically, Ethereum’s Relative Strength Index (RSI) hovers near the 40–41 level. This puts it in neutral-to-bearish territory, meaning ETH isn’t yet showing strong bullish momentum. Meanwhile, Bollinger Bands (BB) are beginning to tighten, often a precursor to a large breakout move. With ETH hugging the lower Band support, the current setup implies that downside pressure is still present, but volatility compression suggests a breakout is imminent. Can Upcoming Pectra & Fusaka Upgrades Revive ETH Price? Looking ahead is where Ethereum bulls point to the network upgrades. The Pectra upgrade , expected around May, is a technical leap in that it boosts Layer-2 scalability by introducing more data blobs, letting rollups process data more cheaply. Pectra also increases the validator cap significantly (from 32 ETH to 2,048 ETH) that helps with greater institutional participation in staking. However, lower transaction fees from blobs might impact ETH’s value accrual slightly. Later this year, the Fusaka upgrade will bring enhancements to developer tooling and dark sharding, along with the Ethereum Object Format , which simplifies smart contract development and reduces security risks. Both the updates come at a time when Ethereum is under a massive sell-off pressure and has been outperformed by most of its rivals in the past year, including BNB, Solana, Tron, and others, states a Binance Research report . Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Asia holds crypto liquidity, but US Treasurys will unlock institutional funds
Opinion by: Jack Lu, CEO of BounceBit For years, crypto has promised a more open and efficient financial system. A fundamental inefficiency remains: the disconnect between US capital markets and Asia’s liquidity hubs. The United States dominates capital formation, and its recent embrace of tokenized treasuries and real-world assets signals a significant step toward blockchain-based finance. Meanwhile, Asia has historically been a global crypto trading and liquidity hub despite evolving regulatory shifts. These two economies operate, however, in silos, limiting how capital can move seamlessly into digital assets. This isn’t just an inconvenience — it’s a structural weakness preventing crypto from becoming a true institutional asset class. Solving it will cause a new era of structured liquidity, making digital assets more efficient and attractive to institutional investors. The capital bottleneck holding crypto back Inefficiency between US capital markets and Asian crypto hubs stems from regulatory fragmentation and a lack of institutional-grade financial instruments. US firms hesitate to bring tokenized treasuries onchain because of evolving regulations and compliance burdens. Meanwhile, Asian trading platforms operate in a different regulatory paradigm, with fewer barriers to trading but limited access to US-based capital. Without a unified framework, cross-border capital flow remains inefficient. Stablecoins bridge traditional finance and crypto by providing a blockchain-based alternative to fiat. They are not enough. Markets require more than just fiat equivalents. To function efficiently, they need yield-bearing, institutionally trusted assets like US Treasurys and bonds. Without these, institutional capital remains largely absent from crypto markets. Crypto needs a universal collateral standard Crypto must evolve beyond simple tokenized dollars and develop structured, yield-bearing instruments that institutions can trust. Crypto needs a global collateral standard that links traditional finance with digital assets. This standard must meet three core criteria. First, it must offer stability. Institutions will not allocate meaningful capital to an asset class that lacks a robust foundation. Therefore, collateral must be backed by real-world financial instruments that provide consistent yield and security. Recent: Hong Kong crypto payment firm RedotPay wraps $40M Series A funding round Second, it must be widely adopted. Just as Tether’s USDt ( USDT ) and USDC ( USDC ) became de facto standards for fiat-backed stablecoins, widely accepted yield-bearing assets are necessary for institutional liquidity. Market fragmentation will persist without standardization, limiting crypto’s ability to integrate with broader financial systems. Third, it must be DeFi-native. These assets must be composable and interoperable across blockchains and exchanges, allowing capital to move freely. Digital assets will remain locked in separate liquidity pools without onchain integration, preventing efficient market growth. Without this infrastructure, crypto will continue to operate as a fragmented financial system. To ensure that both US and Asian investors can access tokenized financial instruments under the same security and governance standard, institutions require a seamless, compliant pathway for capital deployment. Establishing a structured framework that aligns crypto liquidity with institutional financial principles will determine whether digital assets can truly scale beyond their current limitations. The rise of institutional-grade crypto liquidity A new generation of financial products is beginning to solve this issue. Tokenized treasuries, like BUIDL and USYC , function as stable-value, yield-generating assets, offering investors an onchain version of traditional fixed-income products. These instruments provide an alternative to traditional stablecoins, enabling a more capital-efficient system that mimics traditional money markets. Asian exchanges are beginning to incorporate these tokens, providing users access to yields from US capital markets. Beyond mere access, however, a more significant opportunity lies in packaging crypto exposure alongside tokenized US capital market assets in a way that meets institutional standards while remaining accessible in Asia. This will allow for a more robust, compliant and scalable system that connects traditional and digital finance. Bitcoin is also evolving beyond its role as a passive store of value. Bitcoin-backed financial instruments enable Bitcoin ( BTC ) to be restaked as collateral, unlocking liquidity while generating rewards. For Bitcoin to function effectively within institutional markets, however, it must be integrated into a structured financial system that aligns with regulatory standards, making it accessible and compliant for investors across regions. Centralized decentralized finance (DeFi), or “CeDeFi,” is the hybrid model that integrates centralized liquidity with DeFi’s transparency and composability, and is another key piece of this transition. For this to be widely adopted by institutional players, it must offer standardized risk management, clear regulatory compliance and deep integration with traditional financial markets. Ensuring that CeDeFi-based instruments — e.g., tokenized treasuries, BTC restaking or structured lending — operate within recognized institutional frameworks will be critical for unlocking large-scale liquidity. The key shift is not just about tokenizing assets. It’s about creating a system where digital assets can serve as effective financial instruments that institutions recognize and trust. Why this matters now The next phase of crypto’s evolution depends on its ability to attract institutional capital. The industry is at a turning point: Unless crypto establishes a foundation for seamless capital movement between traditional markets and digital assets, it will struggle to gain long-term institutional adoption. Bridging US capital with Asian liquidity is not just an opportunity — it is a necessity. The winners in this next phase of digital asset growth will be the projects that solve the fundamental flaws in liquidity and collateral efficiency, laying the groundwork for a truly global, interoperable financial system. Crypto was designed to be borderless. Now, it’s time to make its liquidity borderless, too. Opinion by: Jack Lu, CEO of BounceBit. 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.
SHIB Holds Key Support, Volume Spikes 26% – Is a Bigger Bounce Coming?
SHIB defends critical support at $0.0000105–$0.0000110, eyeing the 20-day EMA. The SHIB burn rate dropped 92% with a substantial 2.6 million tokens burned. Marketing lead Lucie has teased massive developments in the upcoming days. Shiba Inu (SHIB) is attempting a rebound, trading near $0.00001192 on Thursday, marking a 9% gain in the past 24 hours. After briefly touching a daily high of $0.00001213, SHIB now approaches a key resistance zone near the 20-day Exponential Moving Average (EMA) at $0.00001228. Clearing the 20-day EMA presents a major hurdle for SHIB bulls hoping to reverse the prevailing downtrend. As a positive for holders, SHIB managed to defend the $0.0000105–$0.0000110 support range over the past few days. This zone has acted as both a structural and psychological floor multiple times since March. The successful defense of this level, coupled with a 26% spike in trading volume, suggests that “bottom-buyers” might be stepping in, accumulating the token despite broader market uncertainty, as seen on the chart below. Related: Shiba Inu Burn Rate Surges Over 1,500%, Yet Price Fails to Respond Why Did the Burn Rate Crash? Adding complexity to the picture, however, is a sharp drop in SHIB’s deflationary activity. Data from tracking service Shibburn shows the token burn rate crashed over 92%, with only 2.6 million tokens reportedly burned in the last 24 hours. This contrasts sharply with recent periods of much higher burn activity. Shiba Inu (SHIB) Price Analysis SHIB’s candlesticks remain just below the midline of the Bollinger Bands (BB) indicator, (which aligns closely with the 20-day moving average near $0.00001228), suggesting a cautiously bearish to neutral sentiment. The lower band lies around $0.00001077, which SHIB recently bounced off, hinting at near-term support. A decisive close above the midline and sustained action toward the upper band ($0.00001433) would be the first bullish signal in weeks. Related: Can Shiba Inu Repeat History? SHIB Tests Support That Triggered Past Rallies Moreover, as per the chart above, the Relative Strength Index (RSI) currently reads 41.13, with a slight upward curl after bouncing from the oversold region. The RSI has crossed above its moving average line (yellow), which stands at 44.89, signaling early bullish divergence. However, it’s still below the neutral 50 mark, indicating that bears remain in partial control of momentum unless bulls push higher soon. How Is the SHIB Team Responding? Focus on Utility In a recent post, Lucie, a core marketer in the Shiba Inu ecosystem, called on the community to ignore negative sentiment and instead focus on upcoming technology rollouts. Without disclosing specifics, Lucie teased innovations that are nearing release and could potentially transform the ecosystem’s utility. https://twitter.com/LucieSHIB/status/1909684174736245067 One such development is Karma on Puppynet , a system designed to reward user activity within Shibarium’s L2 network. Lucie stressed that more substantial developments are planned, aiming to shift SHIB’s narrative away from being just a meme coin towards becoming a utility-rich ecosystem. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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