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The Cardano Foundation has formally announced a new partnership with the Pontifical Catholic University of Rio de Janeiro (PUC-Rio), a top-ranked Brazilian university renowned for its contributions to research and development. The collaboration, revealed on April 15, will concentrate on the advancement and practical application of blockchain technology, specifically within the energy sector in Brazil.

Cardano Partners with Top Brazilian University

PUC-Rio is recognized as one of the top five private universities in the world for excellence in research and development, and it has a broad history of partnerships within the energy industry. The establishment of this collaboration follows previous cooperative efforts between PUC-Rio and the Brazilian state-owned enterprise Petrobras, as well as the Cardano Foundation’s own involvement with Petrobras on blockchain-driven initiatives.

Through this new endeavor, PUC-Rio’s Ledger Labs—a research group concentrating on the utilization of DLT in finance and business—will receive support from the Cardano Foundation to explore various aspects of blockchain implementation. According to official statements, the initial areas of focus will include blockchain economics, decentralized finance (DeFi), governance of decentralized autonomous organizations (DAOs), and digital assets.

“At the core of blockchain advancement are education and innovation. Through our collaboration with esteemed academic institutions like PUC-Rio, the Cardano Foundation ensures that the next generation of developers, industry leaders, and regulators can harness this transformative technology to its fullest potential—creating solutions that address real-world challenges and drive positive global impact,” Cardano Foundation CEO Frederik Gregaard commented.

The immediate emphasis of this alliance will be directed toward developing blockchain-based solutions that enhance production, consumption, and overall value chains in renewable energy fuels. Joint research and pilot projects in cooperation with Petrobras are expected to delve into specific methods of applying Cardano’s blockchain infrastructure to processes such as tracking and verifying energy outputs, optimizing workflows, and ensuring robust data integrity.

Ledger Labs at PUC-Rio will serve as the operational base for these studies. Leonardo Lima, Vice-Dean of the university and head of Ledger Labs, noted that the scope of the partnership will also encompass philanthropic endeavors geared toward social impact. “Our partnership with the Cardano Foundation marks the beginning of the development of a series of use cases, not only in the energy industry but also in the field of philanthropy, with a focus on social impact projects,” he said.

Beyond the technological and scientific research, the partnership aspires to enrich PUC-Rio’s blockchain ecosystem by hosting joint events, supporting student-led social projects, and inviting other organizations to collaborate on emerging blockchain strategies. A significant part of this development will occur through A.L.B.A (Ada Labs for Blockchain Applications), an arm of Ledger Labs that is expected to integrate standards previously introduced at the Universidad Tecnológica Nacional (UTN) in Buenos Aires, Argentina.

The Foundation’s current expansion in Brazil reflects its growing footprint in the region. “Our partnership with PUC-Rio marks the Cardano Foundation’s second collaboration with a Brazilian entity this year. Last month, we announced our partnership with SERPRO, the world’s largest public IT company, and we have been collaborating with Petrobras, Brazil’s state-owned energy company, since 2023,” said Rafael Fraga, LATAM Business Development Lead for the Cardano Foundation.

At press time, ADA traded at $0.605.

Over the past week, Solana has maintained a notable bullish performance, rising by more than 20% after a recent drop to the $100 support zone on April 9. While SOL has recovered its upward trend, key metrics show a major area of interest in its price dynamics for a significant number of investors.

Massive URPD Supply Cluster Amid Solana’s Price Fluctuation

Glassnode, a leading on-chain data and financial platform, has outlined a crucial shift in Solana’s price dynamics as it attempts to overcome crucial resistance areas. In the recent analysis shared on X, Glassnode points to several price zones that are vital for the altcoin’s future performance.

After delving into the UTXO Realized Price Distribution (URPD) indicator, the platform reveals that SOL has formed the largest supply cluster in recent history. This notable accumulation of investor-held SOL around a particular price point identifies a key region of interest that may serve as a crucial support or resistance zone. 

According to Glassnode, SOL’s URPD shows that the cost basis has significantly changed in the last 2 days as the largest supply cluster emerges. Looking at the data, the massive supply cluster occurred at the $129.79 level, where investors accumulated more than 32 million SOL, representing 5% of the altcoin’s overall supply.

With market participants heavily concentrated in this range, Solana might be approaching a pivotal moment where the direction of the price could be determined by buyers’ or sellers’ domination of the trend. During future declines, this zone may serve as support, reflecting strong investor activity at the price level.

The second largest supply cluster is located at $144.54. At this level, investors purchased over 27.5 million SOL, which stands as a significant barrier to price upswings and could also act as robust support if the altcoin surpasses the level.

Below the $129 mark, Glassnode noted that the next support for Solana is at $117.99, where 18 million SOL, or 3% of the total supply, were acquired by investors. With $129 acting as the crucial pivot zone, $144 may serve as resistance in the short term and $117 as the bottom bound of the price range.

SOL’s Display Upside Potential To Higher Levels

Even though SOL’s price has been facing volatility, now might be the right time to purchase the dip as the altcoin gears up for an upward move. Ali Martinez, a crypto analyst and trader, predicts that Solana is poised for a strong rebound.

Martinez’s forecast is based on a TD Sequential buy signal on the weekly chart. A TD Sequential buy signal is an indication of growing momentum, which implies that the current correction could be nearing its end.

This is the second time in 1 week that the indicator has flashed a buy signal in the weekly time frame in spite of waning price performances. During the first signal, Martinez noted that SOL must maintain its position above $95 and breach $121 to set the stage for a rally to the $147 price level.

Crypto analyst Mindfully Lost has revealed price action levels for XRP and Dogecoin. He mentioned the resistance and support levels to keep an eye out for these heavy hitters amid this market downturn. 

Price Action Levels For XRP And Dogecoin

In a TradingView post, Mindfully Lost stated that the range between $2.20 and $2.24 is the resistance level for the XRP price, noting that there is low volume around this area. Meanwhile, he revealed that the range between $1.92 and $1.95 is the major support level for the altcoin, as there is high volume around this area. The analyst told market participants to expect some consolidation through these levels. 

Meanwhile, for Dogecoin, the crypto analyst revealed the range between $0.167 and $0.169 as the major resistance level for the meme coin, noting that there is low volume around that area. Meanwhile, the range between $0.148 and $0.151 is the major support level for DOGE, as there is high volume around that zone. 

Besides Mindfully Lost, other crypto analysts such as CasiTrades have highlighted the $2 zone as being important for the XRP price. In a recent X post, CasiTrades remarked that XRP is still struggling at the $2.17 resistance, but lower supports are still valid. 

The analyst revealed that there have been multiple failed attempts to break the $2.17 resistance. She added that this level continues to act as a strong ceiling and that if this rejection continues to play out, then the support at $1.90 and $1.55 remains firmly in play, indicating that the altcoin could still drop below $2. 

XRP & DOGE Whales Have Been Busy

XRP and Dogecoin whales have been busy amid this market downtrend. In an X post, Martinez revealed that crypto whales have sold over 370 million XRP since the start of the month, presenting a bearish outlook for the altcoin. On the other hand, Dogecoin whales are actively accumulating. 

The analyst revealed that these whales have bought over 800 million Dogecoin in the last 48 hours, presenting a bullish outlook for the foremost meme coin. Binance traders are also betting on a bullish reversal for DOGE as Martinez revealed that 72.13% of traders on the crypto exchange with open positions are currently long. 

A bullish reversal for XRP and Dogecoin will largely depend on the Bitcoin price action, with the flagship crypto looking likely to drop lower at the moment. Meanwhile, crypto analysts Ali Martinez and Master Kenobi have highlighted how important it is for the Dogecoin price to hold the $0.14 support.

Martinez stated that the foremost meme coin could drop below $0.10 if it loses that support level. Master Kenobi suggested that a drop below the $0.14 support could mark the end of Dogecoin’s bull run.

UK Government Minister Lucy Powell’s X account was hacked on Tuesday morning in a cryptocurrency scam for a phony “House of Commons” digital currency, multiple news sources disclosed Wednesday.

Hackers Create Fake Government Cryptocurrency

The cyberattackers put up a number of posts on Powell’s authenticated account stating “$HCC” was “a people-powered digital currency putting people’s power to the blockchain.”

Powell, the leader of the House of Commons and Manchester Central’s representative, has close to 70,000 followers on the platform.

Certain messages added the formal House of Commons logo to give the scam the air of legitimacy. Powell’s office said they “pursued steps promptly to lock in the account and delete deceptive posts” after they became aware of the breach.

Recent letters In Series Of Top-Profile Account Takeovers

This attack follows a pattern of similar hacks targeting public figures with large follower counts. BBC journalist Nick Robinson fell victim to a similar scheme earlier this year when hackers used his account to promote a fake cryptocurrency called “$Today.”

Robinson reported clicking on what he thought was a legitimate email from the social media platform, which gave hackers access to his account.

Leader of the House of Commons Lucy Powell has had her X account hacked and is promoting a House of Commons cryptocurrency pic.twitter.com/05KKYfS8ho

— Daniel Green (@DanGreenJourno) April 15, 2025

‘Pump And Dump’ Scheme Yields Limited Returns

Luke Nolan, a senior research associate at digital asset manager CoinShares, recognized the hack as a traditional “pump and dump” scheme.

In this widespread scam, perpetrators create worthless cryptocurrencies, artificially pump up their price, persuade others to invest, and then sell their shares for profit before the price crashes.

Even though the scam targeted a high-profile government official’s account, the scam was relatively unsuccessful. The imposter coin attracted only 34 transactions, with the scammers making around £225 in profits.

Growing Trend In Account Hacking

Action Fraud also reports that there has been a high incidence of social media and email account hacking in 2024 to date, at 35,343. Security experts say they suspect most attacks start with emails that have a link to fake websites that pilfer passwords or gain unauthorized system access.

Minister’s X account hacked to promote crypto scam https://t.co/uXl5KE8n3l

— BBC Politics (@BBCPolitics) April 15, 2025

Passwords can also be accessed via data breaches where users’ information is hacked and put on sale online. It takes scammers just a few hours to create and roll out counterfeit cryptocurrencies, and then they move swiftly once they have access to an account.

The UK Parliament official said they “take cyber security extremely seriously” and give members advice on how to manage online safety, but refused to disclose specific information on their cybersecurity practices.

Action Fraud advises people to safeguard their accounts by registering two-step verification and adopting hard, different passwords of three randomly chosen words.

Powell has been a leader of the House of Commons since Labour came to power in the summer. Her work entails scheduling the government’s legislative programme and safeguarding the rights of backbench MPs.

Featured image from Business Insider, chart from TradingView

Bitcoin is holding firm above the $82,000 level, showing resilience after weeks of volatility. However, the bulls have so far failed to reclaim the critical $88,000 resistance zone, and price action remains indecisive. With no major macroeconomic catalyst in sight, financial markets are caught in a holding pattern, awaiting clarity before committing to a new trend.

Some analysts are warning that Bitcoin could continue its recent downtrend, as global economic conditions remain weak. Trade tensions between the U.S. and China, persistent inflation risks, and fragile investor sentiment are all weighing on broader market activity — including crypto.

According to CryptoQuant data, the Percent Supply in Profit metric shows that approximately 80% of the Bitcoin supply remains profitable, while 20% is currently at a loss. Historically, when this metric rises to 95–98%, the market enters overheated territory, often triggering large-scale profit-taking. The current balance reflects a cooling market, but not yet in full capitulation.

Until Bitcoin breaks above $88K or loses support near $81K-$80K level, traders may continue to see sideways price movement and uncertain momentum in the days ahead.

Bitcoin Holds Firm Amid Trade Tensions

Bitcoin continues to show resilience above the $82K level, but risks remain elevated as global macroeconomic headwinds intensify. Tensions between the United States and China are reshaping global trade expectations, and uncertainty over tariffs and foreign policy continues to weigh heavily on financial markets.

While inflation is gradually declining, the fragility of the US stock market may soon push the Federal Reserve to pivot toward interest rate cuts to avoid an economic downturn. Still, that scenario could take time to develop, and geopolitical dynamics are evolving quickly.

In the meantime, on-chain data suggests Bitcoin’s current market structure may be entering a transitional phase. Top analyst Axel Adler pointed to CryptoQuant metrics and referenced the Pareto Principle — which posits that 20% of causes typically generate 80% of results — to illustrate current market sentiment. At present, 20% of the Bitcoin supply is at an unrealized loss, while 80% remains profitable.

Historically, when the share of coins in profit exceeded 95–98%, markets became overheated and significant profit-taking followed, as shown by the yellow bars in Adler’s chart. After Bitcoin’s all-time high earlier this year, the market cooled and the metric returned to its average range, signaling consolidation rather than capitulation.

BTC Price Faces Resistance Amid Bearish Pressure

Bitcoin is currently trading at $83,600 after failing to reclaim the 200-day exponential moving average (EMA) near the $85,000 mark. This key technical rejection signals growing bearish strength, as bulls struggle to build momentum for a clear breakout. Despite last week’s bullish attempt to climb above resistance, the market remains stuck within a wide consolidation range, and sentiment continues to shift cautiously.

For now, the $81,000 support level stands as the most important line of defense. Holding above this zone is essential to sustain the current consolidation structure and avoid a renewed push toward lower levels. If this support breaks, Bitcoin could be exposed to a deeper correction, potentially revisiting the $75,000 range.

On the upside, reclaiming the $85K level and closing firmly above it would be the first step toward a bullish reversal. However, the real confirmation of strength would require a breakout above the $90,000 mark — a level that would indicate renewed buyer conviction and invalidate the recent downtrend.

Until then, Bitcoin remains in a neutral-to-bearish zone, with both macroeconomic uncertainty and technical resistance keeping bulls on the defensive.

Featured image from Dall-E, chart from TradingView 

Crypto analyst Titan of Crypto has predicted that a Bitcoin price breakout could happen soon. The analyst also revealed why $85,700 is the most critical level as the leading crypto tries to break out to the upside. 

Why $85,700 Is Important As Bitcoin Price Eyes Breakout

In an X post, Titan of Crypto revealed that the $85,000 level is important as Bitcoin price eyes a bullish continuation to as high as $87,000. He noted that the RSI bullish divergence has played out perfectly, with BTC already hitting two key targets. The analyst stated that a daily close above $85,700 would significantly increase the probability of a move to $87,000 right after. 

Titan of Crypto also revealed that the Bitcoin price was experiencing a bullish crossover. He remarked that the Moving Average Convergence Divergence (MACD) just made a bullish cross on the 3-day chart. The analyst added that a momentum shift may be underway, with BTC eyeing a breakout to the upside. 

It is worth mentioning that the crypto analyst had earlier predicted that the Bitcoin price could rally to as high as $137,000 by mid-year, marking a new all-time high (ATH) for the flagship crypto. This came as he revealed a bullish pennant that was forming on BTC’s daily chart. The analyst affirmed that the flagship crypto could rally to a new ATH if this plays out. 

Crypto analyst Colin also recently affirmed that the Bitcoin price outlook is bullish based on the global M2 supply. He predicted that BTC will soon rally to a new ATH, with a breakout that could begin sometime in May. The analyst suggested that the flagship crypto could reach as high as $144,000 when it breaks out to the upside. 

USDT Dominance Shows Rejection

Crypto analyst Mikybull Crypto revealed that the USDT dominance has shown a sharp rejection, which is a positive for the Bitcoin price. In another X post, he also raised the possibility of BTC rallying to $99,000 soon, stating that it is becoming more level-headed. The analyst advised market participants to watch daily trend reversals and position accordingly. 

However, despite this bullish outlook for the Bitcoin price, macro fundamentals threaten to derail any breakout momentum for BTC. The flagship crypto surged to as high as $86,000 on April 15 but quickly dropped following reports that the EU would proceed with its tariffs on US imports. Meanwhile, the US looks likely to impose more tariffs on China, with both sides yet to reach an agreement so far. 

At the time of writing, the Bitcoin price is trading at around $83,600, down over 2% in the last 24 hours, according to data from CoinMarketCap.

ตามรายงานจาก NewsBTC นักเทรดในตลาด Futures ของ Binance กำลังเดิมพันอย่างหนักว่าราคา Dogecoin จะพุ่งขึ้น 

ข้อมูลจาก Ali Martinez (@ali_charts) บน X เผยให้เห็นว่า 72.13% ของผู้ใช้งานที่เปิดสถานะ Dogecoin นั้นอยู่ในฝั่ง Long ในขณะที่เพียง 27.87% อยู่ในฝั่ง Short ตัวเลขเหล่านี้แสดงให้เห็นว่านักลงทุนส่วนใหญ่เชื่อมั่นว่าราคา Dogecoin จะไปในทิศทางบวก

แม้ว่าข้อมูลได้บ่งชี้ถึงความแข็งแกร่งของ Dogecoin แต่นักลงทุนก็ไม่ควรประมาทในปัจจัยอาจส่งผลต่อราคาได้ เช่น สภาวะตลาดคริปโตโดยรวม เศรษฐกิจ และข่าวสารต่าง ๆ โดยเฉพาะอย่างยิ่งนโยบายการค้าของรัฐบาลทรัมป์ที่มีการปรับเปลี่ยนอยู่บ่อยครั้ง

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Bitcoin enjoyed a brief period of upward movement, pushing its price slightly above the $86,000 mark. Presently, the flagship asset appears to be losing its bullish momentum as it revisits levels below $84,000. The BTC’s pullback has been accomplished with negative performances of several key metrics.

A Sign Of Market Weakness For Bitcoin

Despite the sudden pullback, BTC’s price has found strong support at the $83,000 level. However, Bitcoin’s short-term profitability outlook is facing renewed pressure as the 30-day Market Value to Realized Value (MVRV) ratio experiences a sharp decline to new lows.

In a recent quick-take post on the CryptoQuant platform, Gaah, an on-chain and market expert, reported that BTC’s MVRV in the 30-day time frame has fallen to its lowest level in 6 months. This notable drop in the key metric, which measures the average profit or loss of recent BTC holders, signals that many short-term investors are struggling. 

The development is likely to spark a major shift in Bitcoin’s market dynamics, especially if the flagship asset fails to hold key resistance levels. It also points to potential consolidation or capitulation and suggests waning market sentiment, with the decline coinciding with persistent price fluctuations.

Data shows that the indicator has moved back into the bottom part of the neutrality band, indicating that there is a strong sense of acute anxiety in the market. Specifically, the lower region of the neutrality range is found between the 1.8 and 2.1 levels. Areas marked by the expert as rectangles on the chart represent periods in the past when BTC’s price responded positively after the metric reached this lower zone.

These zones have functioned as technical and psychological support in the past, marking points of correction or resumption of the trend. Interestingly, this pattern was already seen during the recent decline to the $50,000 range, where the MVRV indicator also hit similar levels before commencing a fresh upswing.

In the meantime, the current chart shows that investors, particularly short-term players, are operating at a loss or extremely close to break-even points, which is often a sign that selling pressure is diminishing. Thus, the current cyclical behavior of the MVRV hints at a potential rebound opportunity in Bitcoin’s price even as market sentiment is rooted in fear.

BTC Short-Term Holder MVRV Still Positive

Recent reports from market expert Darkfost revealed that the BTC Short-term Holder MVRV Ratio continues to trend around 0.9. This means that the short-term investors are currently sitting on an average unrealized loss of about 10%. According to the expert, the realized price for these holders is hovering around $92,800, a crucial level that must be reclaimed to confirm the continuation of the upward trend. 

It is worth noting that the STH MVRV has not witnessed a breach since it reached the +1 deviation in April 2021, a level that has marked the last 4 cycle tops. Given that the current MVRV of 1.32 is equivalent to the +1 standard deviation barrier, short-term holders would have an average unrealized profit of 32% at the time.

Strive Asset Management’s latest push to persuade major corporations to allocate portions of their balance sheet to Bitcoin has landed at the doorstep of Intuit, the $165 billion fintech firm behind TurboTax, Mailchimp, and other prominent software solutions. The effort follows Strive’s earlier success with GameStop, the video game retailer that agreed to add BTC on its balance sheet after months of private engagement.

Strive Ramps Up Bitcoin Blitz

In an open letter dated April 14, Strive’s Chief Executive Officer Matt Cole called upon Intuit’s top leadership—CEO Sasan Goodarzi and Independent Board Chair Suzanne Nora Johnson—to consider adding Bitcoin to Intuit’s reserves. Cole wrote that while the company’s “growth is admirable,” a BTC treasury allocation could serve as a hedge “against potential disruption caused by artificial intelligence.” While praising Intuit’s strategic transformation and rise in the fintech sector, Cole conveyed alarm that Mailchimp, Intuit’s email marketing platform, is engaged in “censorship and politicized deplatforming” of Bitcoin-related content creators, which he warned could expose shareholders to reputational and legal risks.

Cole cited a recent incident involving the Trojan Bitcoin Club at the University of Southern California. According to the letter, Mailchimp “closed their account despite the fact that the group does not buy, sell or trade crypto” and instead focuses on educational activities. Although Mailchimp later reversed its decision, the account was reportedly reinstated only on the condition that the club not discuss the exchange of Bitcoin.

Cole observed that this was “not an isolated event,” pointing to other Bitcoin advocates—including podcaster Natalie Brunell and software developers—who have claimed they were denied Mailchimp’s services. “We are concerned that Intuit’s censorship and deplatforming policies discriminate against Bitcoin enthusiasts,” Cole wrote, adding that these measures “may have significant financial repercussions for shareholders” and could subject Intuit to potential scrutiny from federal regulators, particularly the Federal Trade Commission.

Raising the specter of regulatory investigations, Cole underscored a new FTC inquiry into “how technology platforms deny or degrade users’ access to services based on the content of their speech or affiliations.” He also noted that Intuit has previously faced FTC action over its advertising practices, suggesting there is heightened exposure to legal risk should Mailchimp’s policies prompt government attention again. “If Mailchimp continues its present course, its legal liability could be staggering,” Cole wrote, warning that a federal investigation “alone could cost millions in legal fees, distract the company from its core business, and alienate even more customers.”

Call For A Bitcoin Treasury

Strive’s critique further took aim at Intuit’s purported “anti-Bitcoin bias,” which Cole believes may blind the company to the value of establishing a “Bitcoin war chest.” Citing AI as the next wave of disruptive technology, Cole argued that a corporate BTC reserve could provide Intuit with strategic capital to weather changes in the market.

Related Reading: Bitcoin Adoption Grows As Public Firms Raise Holdings In Q1

“Strive is further concerned that Intuit’s bias against Bitcoin has left the company with an institutional blind spot when it comes to investing its own cash flows to maximize the company’s long-term success. In particular, we fear that Intuit’s anti-Bitcoin stance may make it reluctant to consider a treasury allocation to Bitcoin as a viable insurance policy against potential AI disruption,” the letter notes.

Strive cites research data that “the S&P 500 will be replaced over the next 10 years,” adding “we believe AI is the technological disruptor of our generation, and that companies must position themselves now to mitigate these risks and find alternative means of sustaining shareholder value over time. We believe that TurboTax, Intuit’s flagship product, has a high risk of being automated away by AI.”

Strive’s position, as framed by Cole, is that maintaining a BTC allocation would allow Intuit to counteract the AI revolution. “We believe an additional hedge is warranted, and that a Bitcoin war chest is the best option available. With a fixed and verifiable supply cap of only 21 million coins, in an era of unchecked monetary expansion, we believe Bitcoin is poised to continue appreciating in value over time. […] We believe creating a Bitcoin war chest now will ensure that Intuit will have enough strategic capital to weather the AI storm and act from a position of strength through the turbulence of the AI revolution.”

The letter concluded with a clear list of requests, even though it did not label them as such, urging Intuit to reinstate closed accounts, revise its policy to remove any blanket bans on BTC or crypto-related content, commit to avoiding politically driven censorship decisions, and consider building a Bitcoin treasury. “We look forward to engaging with you on these issues,” Cole stated, reiterating Strive’s focus on “maximizing long-term shareholder value on behalf of our clients.”

Neither Intuit nor Mailchimp provided a response in the text of the letter published on Strive’s website, leaving open the question of whether Goodarzi or other Intuit leaders will heed Strive’s call.

At press time, BTC traded at $83,287.

The Dogecoin price has been steadily going down since December 2024 after hitting a new local peak in November. This has carried into the new year, and so far, the meme coin has lost over 50% of its value in the space of four months. While this has sparked fear in the hearts of investors, crypto analyst Trader Tardigrade is moving in the opposite direction, as they explain that the altcoin is nearing the end of its pullback and, as such, could be expected to see a pump soon.

MACD And RSI Are Similar To 2024

In an X (formerly Twitter) post, the crypto analyst pointed out some striking similarities between the current Dogecoin chart and what it looked like back in 2024 before the 400% rally. A couple of things stood out that showed that the technical developments are pointing to a potential breakout like the one seen in November.

For one, there is the MACD consolidation that is going on now. This consolidation began after the market crash back in January sent the price spiraling down. Interestingly, this MACD consolidation is similar to the consolidation recorded in the months leading up to November for Dogecoin. It also lasted a couple of months before the surge. And now, the Dogecoin chart is showing a similar consolidation.

Another development on the chart is the RSI Divergence. In October, just a month before the rally in November, there had been a divergence where the RSI had dipped and then picked up quickly. In April, a similar trend has played out after a sharp dip and then a recovery. If this continues to play out like it did last year, then the Dogecoin price is nearing the end of the downtrend and could put a bottom in soon enough.

Where Could The Dogecoin Price Go From Here?

If the Dogecoin price continues to mirror the performance from 2024, then it could be gearing up for a major recovery trend. The last time this played out between October and November 2024, the end result was a 400% increase in price that saw Dogecoin touching close to $0.5.

Taking a cue from this and the Dogecoin price staging another 400% increase would put the meme coin close to its all-time high price of $0.73. Not only this, a rise in Dogecoin is expected to trigger a meme coin rally, pulling the likes of Shiba Inu and PEPE up with it.

However, all of this is still dependent on macroeconomic factors and the political landscape. Right now, Donald Trump’s tariff war is merely on pause for the next three months, and what happens once that timeframe elapses will either make or break the market.

Featured image from Dall.E, chart from TradingView.com

Bitcoin is currently trading at critical price levels amid heightened macroeconomic uncertainty and escalating global tensions. After a volatile period, BTC staged a notable rebound last week following an announcement by U.S. President Donald Trump declaring a 90-day pause on all tariffs except those targeting China. The policy shift brought a temporary sense of relief to financial markets, allowing crypto and equities to post short-term gains. However, the broader environment remains unstable.

New data from IntoTheBlock reveals that Bitcoin is now moving increasingly in sync with traditional financial markets (TradFi). Since Trump’s initial tariff headlines in March, the correlation between Bitcoin and major indices like the S&P 500, Dow Jones, and Russell 2000 has surged above 0.75. This strong correlation suggests that Bitcoin is currently behaving less like an uncorrelated hedge and more like a risk-on asset reacting to macro developments.

With BTC sitting just below key resistance and the broader market still on edge, the next move could define short to mid-term momentum. Traders and analysts alike are closely watching both macro catalysts and technical setups as Bitcoin navigates this uncertain but potentially pivotal moment.

Bitcoin Correlation With Traditional Markets Signals Macro Sensitivity

Global tensions and macroeconomic uncertainty continue to dictate Bitcoin’s price direction, but recent price action is beginning to hint at a potential shift. With inflation beginning to ease and volatility shaking U.S. equity markets, many believe the Federal Reserve may soon be forced to lower interest rates in an attempt to stabilize the economy. However, any decisive policy move may still be weeks away, and developments between the U.S. and China are evolving rapidly, keeping markets on edge.

In this fragile environment, Bitcoin’s behavior is closely mirroring that of traditional financial markets. According to top analyst Maartunn, Bitcoin is now moving in tight correlation with major indices such as the S&P 500, Dow Jones, and Russell 2000. Since Trump’s tariff announcements in March, these correlations have surged above 0.75 — a sign that traditional markets are leading the dance, and Bitcoin is simply keeping pace.

This increasing alignment means Bitcoin is currently behaving like a high-beta macro asset, reacting more to economic headlines and stock market volatility than crypto-native catalysts. While this dynamic highlights Bitcoin’s sensitivity to broader financial trends, it also opens the door for a significant move if macro conditions improve — particularly if rate cuts or positive diplomatic developments emerge.

Price Consolidates As Bulls Aim to Reclaim Momentum

Bitcoin is currently trading at $84,000 after days of consolidation within a wide range. On the 4-hour chart, BTC has been holding above the $75,000 support while facing resistance just below the $89,000 zone. This rangebound movement highlights market indecision, with bulls attempting to regain control after a volatile period.

BTC has reclaimed the 4-hour 200-day moving average (MA), which sits around $83,500 — a key short-term technical indicator. The price is also testing the 4-hour exponential moving average (EMA) near $84,000. A clean break and close above these levels would confirm short-term bullish strength and could set the stage for a push toward $88,000 and possibly the $90,000 resistance level.

However, the structure remains fragile. If Bitcoin loses the $82,500 level, the bearish pressure could intensify, opening the door for a rapid drop below the $80,000 psychological threshold. This would invalidate the short-term recovery structure and likely trigger panic among over-leveraged positions. All eyes are now on whether BTC can solidify its stance above key moving averages to build momentum — or whether sellers will reclaim dominance and push prices lower.

Featured image from Dall-E, chart from TradingView 

As the global interest in Bitcoin (BTC) continues to rise, a Swedish lawmaker is advocating for the establishment of a national Bitcoin reserve, mirroring initiatives taken by the United States under President Donald Trump. 

Sweden Eyes Strategic Bitcoin Reserve

Dennis Dioukarev, a Member of the Riksdag representing the Sweden Democrats, has formally approached Finance Minister Elisabeth Svantesson with a suggestion to create a national strategy for accumulating Bitcoin. 

The lawmaker proposes that Sweden could acquire BTC through confiscated assets, thereby fortifying its currency reserves alongside traditional assets like fiat currency and gold, without the need to expend public funds.

Dioukarev pointed to the growing global interest in BTC as a strategic asset and referenced the US government’s establishment of a strategic Bitcoin reserve, which utilizes funds seized by law enforcement. In his inquiry, he asked, “Is this something that the minister and the government are considering?”

Others Remain Skeptical

Dioukarev’s proposal is part of a broader trend in Sweden, where several prominent figures have started advocating for a national Bitcoin reserve.

His call follows a similar initiative from fellow MP Rickard Nordin, who on April 8 urged the finance minister to reconsider Sweden’s conservative approach to its reserves in light of BTC’s growing significance on the global stage.

Nordin has argued that Bitcoin is increasingly viewed as a store of value and a hedge against inflation, making it an attractive option for national reserves. He pointed out that many countries are recognizing Bitcoin’s potential, and Sweden should not fall behind in this evolving financial landscape.

While Sweden appears to be moving toward a more open stance on cryptocurrency, Europe remains divided on BTC policy. Christine Lagarde, president of the European Central Bank, has expressed skepticism about the likelihood of major banks in the EU listing Bitcoin on their balance sheets. 

This hesitance contrasts sharply with the US approach, where President Trump in March signed an executive order to create a strategic Bitcoin reserve composed of seized assets, amounting to approximately 207,000 BTC—the largest of any sovereign nation.

Czech National Bank Governor Aleš Michl has also proposed diversifying his country’s foreign reserves by investing up to $7 billion in BTC, further illustrating the growing recognition of cryptocurrency’s potential value among European policymakers.

Supporters of Bitcoin, including Nordin, emphasize its utility as a payment method and a safeguard against inflation. They argue that in many regions, especially under authoritarian regimes, BTC serves as a crucial tool for freedom fighters to conduct transactions securely. 

As of now, BTC trades at $83,700, recording an 11% price surge in the weekly time frame. 

Featured image from DALL-E, chart from TradingView.com 

Amid the global efforts to adopt crypto, members of the Riksdag, the Swedish Parliament, are urging the country’s finance minister, Elisabeth Svantesson, to evaluate a Bitcoin (BTC) Reserve for Sweden’s holdings.

Swedish Lawmaker Proposes Bitcoin Reserve

On Monday, Member of the Swedish Parliament and the Finance Committee Dennis Dioukarev sent a letter to the finance minister asking her to consider adding crypto to the country’s national reserve.

Dioukarev posted the translated letter on X, highlighting the global trend of countries purchasing or refraining from selling their seized digital assets, including BTC. He also noted that the US is establishing a Bitcoin Reserve, which raises the question of whether the country should develop a similar strategy to create an SBR alongside Sweden’s gold and currency reserve.

US President Donald Trump signed an executive order on March 6 to create a Strategic Bitcoin Reserve and a “Digital Asset Stockpile” within the US Department of the Treasury. The order mandates that the initiatives would be funded by crypto seized from government criminal and civil forfeiture proceedings, including the US’ 200,000 BTC holdings and other digital assets already owned by the Treasury Department.

The lawmaker suggested following the US steps and not using taxpayers’ money to purchase Bitcoin. Instead, he proposed that Swedish authorities could be instructed to transfer seized BTC to Sweden’s central bank.

He closed the letter by asking the finance minister if “is this something that the minister and government are considering?”

In an X post, a crypto community member questioned whether she has “an honest and somewhat complete understanding of the technology in question,” suggesting that it would be “a serious uphill battle” otherwise.

Global BTC Reserve Trend

Another member of the Riksdag, Rickard Nordin, recently sent a similar letter asking the finance minister to include BTC in Sweden’s reserves to diversify its currency holdings.

As reported by Bitcoinist, the lawmaker questioned if the minister and government have “considered the possibility of allowing the Riksbank to include bitcoin in Sweden’s currency reserve, and will the Minister and the Government act to give the Riksbank such an opportunity?”

In the April 7 letter, Nordin also noted that several international players consider Bitcoin a store of value and hedge against inflation. Additionally, Nordin underscored that BTC is used as a means of payment and “an important way for freedom fighters to manage payments when under the repression of authoritarian regimes.”

For instance, Brazil’s federal deputy, Eros Biondini, introduced a bill in November to create a national BTC reserve to diversify the financial assets of Brazil’s National Treasury and “guarantee the country’s economic sovereignty.”

Italy and the Czech Republic have recently seen support for BTC reserves, while multiple US states have been in a race to establish SBRs, with many of them still advancing their bills through the legislative process.

This trend has opened the discussion to include BTC in government foreign exchange reserves despite Sweden’s tradition of “conservative and carefully managed foreign exchange reserves, mainly consisting of foreign currencies and gold.”

Ultimately, Nordin’s letter states that Svantesson has until Wednesday, April 16, to reply, while Dioukarev’s offered the finance minister until Wednesday, April 23, to answer his question.

The best crypto projects solve key problems that Bitcoin can’t. The best of the best solve real-world problems as well.

Could Ethereum, the OG alternative blockchain, solve one of the biggest challenges in AI development?

If it can, $ETH and ERC-20 tokens could lead the best altcoins to new heights, while also pushing real-world AI development into the next phase of growth.

The Black Box: An AI Trust Issue

Centralized data, secretive algorithms, and Big Tech dominance have created what many call the ‘black box’ problem, where users can’t understand or verify how AI systems make decisions.

It’s actually two related trust issues.

The first issue comes between leading AI companies and end users. Do you trust OpenAI with your data? Do you trust DeepSeek to keep your information secure? Do you trust either of them to develop an AI that will answer your queries correctly?

Diving deeper leads to another question: Do you trust the AI itself with the decision-making process?

The basic AI development process is that you feed in data, and the AI gives you an output. But the logic in between can be a mystery. This is especially dangerous when those models are used in finance, healthcare, hiring, or law enforcement.

This is the heart of the black box problem: systems making decisions that no one can fully explain, not even their creators.

The black box problem, and the trust issues behind it, pose a huge challenge for the continued development and adoption of AI.

Could Ethereum Provide A Decentralized AI Layer?

According to former Ethereum core developer Eric Conner, the blockchain could become AI’s most important infrastructure layer.

In recent comments on X, Conner said Ethereum is on the verge of its ‘biggest mainstream moment,’ not through DeFi or NFTs, but by bringing transparency and decentralization to artificial intelligence.

With Ethereum, smart contracts can log how AI models are trained, where their data comes from, and how decisions are made. And because it’s the blockchain, those decisions are on-chain for everyone to audit.

With token-based incentives and open governance, Conner believes that Ethereum offers an alternative to the closed ecosystems of tech giants.

‘Ethereum already has the ethos with openness, collaboration and trust minimization, things that ethical and accountable AI needs.’

If Conner is right, Ethereum could be on the verge of a major leap forward.

1. Best Wallet Token ($BEST) – ERC-20 Token to Supercharge Your Web3 Wallet

Any paradigm-shifting token requires a top-flight web3 wallet. Get the most out of a leading crypto wallet with Best Wallet Token ($BEST).

$BEST is the utility token for a full-suite Web3 wallet that aims for mass adoption. It boasts user-friendly features like built-in swapping, portfolio tracking, and exclusive presale discovery.

Best Wallet’s ultimate goal is to become the go-to tool for both new and seasoned investors, allowing them to get the most out of their crypto. The app supports all ERC-20 tokens, and the $BEST token itself runs on the Ethereum blockchain.

Token holders get utility beyond just transactions, gaining early access to the best presales, potential airdrop eligibility, and premium wallet features.

Wallet apps are rapidly becoming gateways to the entire crypto economy, and Best Wallet app is no exception. Within the app itself, investors will have all the tools they need to capitalize on any AI developments.

Learn how to buy Best Wallet Token in our guide. The token, currently priced at $0.0247, has big potential – our own analysis indicates it could reach $0.072 by the end of 2025.

2. MIND of Pepe ($MIND) – Meme Coin Momentum for Revolutionary AI Agent

Speaking of AI and the Ethereum blockchain, Mind of Pepe ($MIND) isn’t just riding the meme wave. Instead, MIND of Pepe is out to build an interactive AI ecosystem around a beloved cultural icon.

The roadmap involves building a fully autonomous AI agent and deploying it on X. By interacting with the MIND agent, users will be able to guide, shape, and even train the AI itself.

That’s just the beginning of MIND’s plan. Holders of the $MIND token also gain:

• Exclusive insights straight from the MIND agent
• Advanced market analysis
• Impressive 279% presale staking APY
• Insiders-only token launches

As the MIND of Pepe learns, the ecosystem grows. The AI agent can interact directly with the Ethereum blockchain, allowing it to manage its own allocation of $MIND tokens (25% of the total token supply) and also launch more tokens.

Those features make $MIND an ideal project given the shifting AI landscape.

Our own analysis indicates that, under the right conditions, the $MIND token could reach $0.00535 by the end of 2025.

The token price currently sits at $0.0037165. Learn how to buy MIND of Pepe with our guide, and don’t delay – the project just passed the $8M funding mark.

3. Ethereum ($ETH) – Is the Original Altcoin Ready to Rock with AI?

How much of Ethereum’s next chapter will come from AI? As Eric Conner highlighted, Ethereum offers everything AI platforms need but don’t yet have: transparency, decentralization, open access to data, and built-in payments.

Projects like MIND of Pepe are already building AI agents on Ethereum. And while $ETH itself isn’t on presale, there’s certainly still room for growth.

In fact, the Ethereum organization itself recognizes the growing importance of AI. The tokens and tools launching on top of the Ethereum blockchain could alter the course of AI development. And that infrastructure-level potential could fuel another massive wave of growth.

Ethereum’s smart contracts solve the black box issue by making everything visible on-chain, from how models are funded and what data they use, to who gets paid for it. It’s a crucial step toward decentralized, trustworthy AI.

$ETH, $MIND, and $BEST – the Best Altcoins for the AI Era?

These three projects – whether wallet-based, meme-powered, or ecosystem-defining – are poised to grow under what could be the next trillion-dollar use case for Web3.

As always, do your own research. This isn’t financial advice, just a heads-up on where the best new cryptos could be going.

With crypto recovering from its earlier blues, don’t overlook the potential of these three altcoins.

On-chain data shows exchanges have seen a massive amount of Bitcoin outflows during the past day, a sign that could be bullish for BTC’s price.

Bitcoin Exchange Netflow Has Just Seen A Large Negative Spike

In a new post on X, the market intelligence platform IntoTheBlock has talked about the latest trend in the Bitcoin Exchange Netflow. The “Exchange Netflow” refers to an on-chain indicator that keeps track of the net amount of the asset that’s moving into or out of the wallets associated with centralized exchanges.

When the value of this metric is positive, it means the investors are depositing a net number of coins into these platforms. As one of the main reasons why holders transfer to exchanges is for selling-related purposes, this kind of trend can have a bearish effect on the cryptocurrency.

On the other hand, the indicator being under the zero mark suggests the outflows related to the exchanges are outweighing the inflows. Such a trend can be a sign that the investors are accumulating, which can naturally carry a bullish implication for the asset’s value.

Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin Exchange Netflow over the past week:

As is visible in the above graph, the Bitcoin Exchange Netflow has been inside the negative territory for the last few days, implying that the investors have been making net withdrawals from the exchanges.

Yesterday saw an especially large red spike in the indicator, with more than $467 million in the cryptocurrency leaving the wallets connected to these central entities.

The net outflows have come as Bitcoin has been making a push toward recovery. The fact that the investors haven’t been participating in net selling and are instead accumulating could naturally be an optimistic sign for the rally’s sustainability.

The Exchange Netflow could be to keep an eye on in the coming days, however, as things can rapidly change in the market, especially if some kind of bearish news drops.

The trend in the Exchange Netflow isn’t the only bullish signal that Bitcoin has witnessed recently. As the on-chain analytics firm Glassnode has revealed in an X post, the total number of Bitcoin addresses holding between 1,000 and 10,000 BTC has witnessed a rise recently.

Investors who have a balance lying in this range are popularly known as the whales. As shown in the chart, these humongous entities have seen their population grown from 1,944 in early March to 2,014 today.

“Whale accumulation is picking up at a pace last seen in April 2024 – signaling renewed confidence from large holders,” explains the analytics firm.

BTC Price

Bitcoin has seen its recovery rally slow down during the past day as its price is still trading around $85,000.

XRP and Solana (SOL) are emerging as leading candidates for spot exchange-traded fund (ETF) approvals in the United States. According to a recent report by Kaiko analysts, these two assets stand out due to their high liquidity, with the Ripple-related token potentially taking the lead in market readiness.

XRP And SOL Emerge As Top Candidates For ETF Approval

The US Securities and Exchange Commission (SEC) is on the brink of a significant transition with the confirmation of incoming Chair Paul Atkins by the Senate last week. 

As a former SEC Commissioner, Atkins inherits a complex portfolio that includes the pressing issue of cryptocurrency regulation. Although crypto currently represents a small fraction of overall market activity, looming deadlines for various ETF applications could push digital assets to the forefront of his agenda, the report notes.

A wave of asset managers has recently filed for crypto-related ETFs, and with these deadlines approaching, Atkins has the opportunity to reshape the SEC’s narrative on cryptocurrency, diverging from the cautious stance of previous leadership.

XRP and SOL have emerged as two of the most favored assets for ETF applications, largely due to their liquidity. A highly liquid spot market is crucial for the efficient structuring of financial products. 

According to Kaiko Indices, both tokens exhibit the highest average 1% market depth among vetted exchanges, with XRP’s market depth significantly increasing since late 2024, surpassing SOL and doubling Cardano’s (ADA) depth.

While Bitcoin’s (BTC) ETF approval was propelled by Grayscale’s legal actions, which highlighted inconsistencies in the SEC’s previous narratives, XRP’s situation is markedly different. 

Key Date Approaches

Currently, XRP lacks an active futures market, and its trading volume is concentrated offshore. However, Kaiko highlights XRP’s share of spot volume on US exchanges has recently surged to its highest levels since the SEC’s lawsuit in 2021, which led to widespread delistings of the asset.

In contrast, Solana has experienced a decline in its US market share, dropping to approximately 16% from the 25-30% range it maintained throughout much of 2022. 

This shift in market dynamics, coupled with the recent launch of a 2x XRP ETF, positions XRP favorably in the race for ETF approval.

The SEC acknowledged the token’s spot ETF applications as of late February, alongside other tokens. A crucial date to watch is May 22, when the SEC is expected to respond to Grayscale’s XRP spot filing. 

This comes at a time when the market is exhibiting mixed signals, particularly in the options market on Deribit, where bearish sentiment prevails. The implied volatility smile for the upcoming April 18 expiration indicates strong demand for downside protection.

As of now, XRP trades at $2.085, recording a surge of nearly 20% in the weekly time frame. 

Featured image from DALL-E, chart from TradingVeiw.com 

Donald Trump is back in the spotlight – and this time, he’s not launching a casino or a Twitter clone.

The US President is reportedly working on a Monopoly-style crypto game. It’s got NFTs. It’s got meme coins. It’s even got long-time business partner Bill Zanker helping bring it to life.

But let’s look past the headlines and Trump Tower-themed game boards.

This new development signals something bigger: blockchain and content creation are fusing fast. We’re not just talking about bored apes or pump-and-dump meme coins anymore. We’re talking about a creator economy that’s about to go full turbo.

And right in the center of that shift? SUBBD Token ($SUBBD) – a hot new crypto project that’s quietly positioning itself as the engine behind the next wave of creator monetization.

Meme Coins Are Evolving — And So Is the Creator Economy

It started with Dogecoin. Then came the flood of meme coins: some funny, some funky, and some just flat-out ridiculous. But every time we laughed, someone cashed out big.

Now, we’re entering a new phase. Memes aren’t just jokes – they’re culture. And where culture lives, creators thrive.

That’s why projects that blend viral content with actual utility are catching fire. Trump’s upcoming crypto game is just the latest proof that we’re moving toward a content plus blockchain boom.

And if you’re a creator – or just someone who wants in early on the next best altcoin – $SUBBD token might be your secret weapon.

SUBBD Token ($SUBBD) – The Crypto Project Giving Power Back to Creators

So what exactly is SUBBD Token ($SUBBD)?

In short: it’s the first AI-integrated crypto subscription platform designed to help creators monetize their work professionally through Web3 tools – without needing to be crypto experts.

The platform gives you access to premium content, educational material, exclusive digital assets, and personalized AI-driven experiences.

What makes $SUBBD unique is its AI-powered toolbox, which helps streamline production, boost engagement, and scale content delivery in ways that traditional platforms simply can’t.

The platform is fully decentralized.

That means creators have complete control over their data, earnings, and subscriptions – without relying on corporate middlemen or black-box algorithms to get their content seen.

You’re not getting penalized for harmless background music or blocked by sudden policy changes. With $SUBBD, you’re in charge.

On the tech side, $SUBBD comes packed with tools like automatic subtitles, image optimization, and AI voiceovers – making it easier than ever to deliver polished content with less time and effort.

With over $170K already raised in its presale and you can buy $SUBBD token for $0.055175, the project is gaining serious traction.

Why $SUBBD Could Be One of the Best Crypto Presales Right Now

$SUBBD isn’t just another token chasing meme hype – it’s building the infrastructure for a smarter, AI-powered creator economy.

As the first AI-integrated Web3 subscription platform, $SUBBD offers both content consumers and creators something most crypto projects don’t: actual utility.

From automated production tools to blockchain-based ownership and engagement rewards, it’s redefining how premium digital content is created, delivered, and monetized.

And let’s not forget timing. As Trump’s crypto Monopoly hits the scene, people are starting to ask, ‘How can I turn content into coins?’ $SUBBD is ready with the answer – and a platform to match.

Those eyeing early entry may want to check out this $SUBBD Token price prediction to see why some believe it has strong long-term potential.

So if you’ve been looking for the best presale to jump into – especially one with long-term potential – this might be your golden ticket. Or at least your rare NFT property card.

The Smarter Way to Monetize Content with Web3 Tools

Trump’s game might have grabbed the headlines, but SUBBD Token ($SUBBD) is where the real action is happening.

It’s not about rolling dice or flipping NFTs – it’s about unlocking real value through AI-powered subscriptions, digital asset access, and on-chain content monetization.

Get in before your favorite TikToker makes it go viral. And don’t forget to do your own research (DYOR), as this article is for informational purposes only and doesn’t constitute financial advice.

Ethereum (ETH) is down nearly 50% over the past year, eroding investor confidence in the second-largest cryptocurrency by market cap. However, crypto analysts suggest that ETH’s fortunes might be about to turn.

Ethereum Set For A Bullish Breakout?

Unlike Bitcoin (BTC), ETH has not significantly benefited from the bullish developments of 2024. While the approval of spot BTC exchange-traded funds (ETFs) opened the floodgates for institutional capital to flow into the top digital asset, ETH ETFs have failed to generate the same level of interest.

Moreover, ETH’s underperformance relative to BTC has only deepened. Crypto analyst Daan Crypto Trades shared the following two-week ETH/BTC chart showing how ETH has consistently broken through key high time-frame support levels against BTC over the past few years.

Currently, ETH is trading at levels not seen since 2020 relative to BTC. According to the analyst, the final major ETH/BTC support lies around 0.016 – nearly 20% below the current level of 0.019.

On a more optimistic note, fellow analyst Ted pointed out that ETH may be breaking out of a downward-sloping trendline on the two-hour chart. He commented:

Global markets are gaining some strength, so expect Ethereum to hold the $1,550-$1,600 level. For now, I’m hoping for a breakout above and close above $1,670 for a rally towards $2K.

Similarly, seasoned analyst Titan of Crypto highlighted that ETH appears poised to break out from an ascending triangle pattern on the weekly time frame. According to him, ETH is currently trading at the bottom of the structure and could be setting up to test the top of the formation around $3,600.

For the uninitiated, the ascending triangle is a continuation pattern that forms when price makes higher lows while facing resistance at a horizontal level, eventually creating a triangle shape. It signals building buying pressure, and a breakout above the resistance line often leads to a strong upward move.

Rising ETH Exchange Reserves Could Suppress Price

While the analysts above point to a potential bullish reversal for ETH, crypto analyst Ali Martinez noted that over 368,000 ETH has been sent to exchanges since the beginning of the month. A rise in exchange reserves for a digital asset is typically bearish news, as it indicates that holders may be looking to sell their assets in the near-term. 

Additionally, even if ETH has already bottomed for this market cycle, it still faces strong resistance around the $2,300 mark. At press time, ETH trades at $1,612, down 2.7% over the past 24 hours.

The founder of a leading digital asset investment firm has raised significant concerns over the reliability of crypto token pricing, citing widespread manipulation between market makers and centralized exchanges (CEXs).

Arthur Cheong, CEO of DeFiance Capital, stated via social media platform X that the crypto market is suffering from a lack of transparency, with artificially sustained prices posing serious risks for investors.

Crypto Market Manipulation Allegations

According to Cheong, the coordination between crypto projects and market makers has created a “blackbox” scenario in which external observers, including retail and institutional investors, struggle to determine whether token prices reflect real supply and demand or are the product of manipulated mechanisms.

Cheong emphasized that such practices threaten to undermine market confidence and could ultimately render the broader crypto market “uninvestable.”

In his statement, Cheong criticized centralized exchanges for turning a blind eye to the problem, suggesting that the unchecked behavior is eroding trust across the altcoin market.

The biggest problem plaguing the liquid crypto market now is the complete blackbox of how projects and market makers can work together to create an artificial price that can sustain for a very long period.

You don’t know whether the price is a result of organic demand & supply…

— Arthur (@Arthur_0x) April 14, 2025

He highlighted the trend of tokens launched through Token Generation Events (TGEs) quickly losing value. In many cases, newly listed tokens have declined by 70% to 90% within a few months of their initial release. Cheong noted:

If the big players in the industry don’t step up to improve this, large part of the market will remain uninvestable for foreseeable future.

Community Response

Supporting Cheong’s remarks, crypto analyst Miles Deutscher shared data indicating that only 3 out of 27 crypto tokens listed on Binance this year have managed to maintain positive price action.

The remaining 88% have experienced significant declines, with losses ranging from 19% to as much as 90%. Deutscher pointed to this trend as a contributing factor in the declining participation of retail investors.

This data including the statements by Cheong have sparked interesting reactions from the crypto community. Some users called out Binance and other exchanges to do the right thing and “demand more transparency and disclosure” from projects before listing.

CEXS should demand more transparency and disclosure before they list stuff. Hey @binance @coinbase maybe is crime szn with Trump. But the party will end sooner or later, and in EU it will get stricter so might as well start self-governing. You giving the industry a bad name.

— xKix – e/acc (Zack) (@0x_zak) April 14, 2025

Meanwhile, the other side of the community reactions believe that most cryptocurrencies are worthless from the start but with speculation backing their initial rise, they are doomed to fail in the end. X user known as Kun wrote:

It’s not an issue because if it was worth it you buy it If the value of a crypto business token relies on price that’s not investing but speculation only Most tokens are inherently worthless and people don’t know why they should own anything.

Featured image created DALL-E, Chart from TradingView

Yesterday morning, hackers broke into Government Minister Lucy Powell’s X account to promote a crypto scam coin dubbed ‘House of Commons Coin’ or $HCC.

The fraudster(s) falsely claimed that it was an official House of Commons initiative, describing it as ‘a community-driven digital currency bringing people’s power to the blockchain.’

Powell swiftly deleted the misleading post and secured her social media account to prevent similar incidents from occurring. Thanks to her quick response, the tweet attracted a mere £225 to the scam.

Celebrity Social Media Accounts Fuel Crypto Scams

Investors didn’t lose major bucks, but even so, the incident shouldn’t be ignored. It follows similar cyberattacks targeting high-profile figures with large social media followings.

Movers and shakers in politics and beyond are often targeted by phishing emails or data breaches to lend legitimacy to scams.

Another example is when Political BBC Journalist Nick Robinson’s X account was hacked in February.

After falling prey to a phishing scam, his account was exploited to advertise a cryptocurrency called ‘$TODAY.’

These scams are described as ‘pump and dump’ schemes. Cybercriminals attract investors (in these cases, through celebrity endorsement), artificially inflate the coin’s value, and then sell their holdings for profit, leaving the coin worthless.

Action Fraud received reports that 35,343 social media and email accounts were compromised last year, illustrating the weight of online hoaxes.

To defend against shady schemes, Action Fraud advises enabling two-factor authentication (2FA) and using a strong password consisting of three random words that are never shared.

Another way to steer clear of deceptive crypto ventures is to stick with the Best Wallet app.

Don’t Be Fooled By Fake Crypto Tweets, Join Best Wallet

Best Wallet is a safe gateway to vetted crypto presales alongside the best meme coins and altcoins.

As the first crypto wallet to feature presale coins, it helps filter out shady tokens and gives you direct access to the next crypto to explode. You no longer have to gamble on hype X posts in the hope of catching future market movers.

Already ranked as the best software wallet for trading and HODLing, Best Wallet has set its sights even higher, aiming to shake up the $11B non-custodial market.

As a top self-custody wallet, Best Wallet ensures you alone hold your wallet’s private keys, so there’s no risk of rug pulls, shutdowns, or insider theft.

Best Wallet’s ecosystem is about more than just crypto storage and security – think integrated DEX access, exclusive airdrops, a token launchpad, and seamless cross-chain swaps, all in one user-friendly app.

You can rest easy knowing you can enable 2FA and FaceID. It also has advanced anti-fraud and MEV protection in the pipeline.

And there’s more. Buying its native token, $BEST, comes with extra perks: reduced transaction fees, community governance, and higher staking rewards (currently at an impressive 129% APY!).

Buy $BEST to Save Funds on Legit Crypto Presales

In a world where even prominent public figures aren’t safe from crypto scams, choosing only trustworthy platforms to facilitate your digital asset investments is essential.

This is why tools like Best Wallet are becoming more prevalent. Instead of finding the hottest new crypto opportunities on social media channels, you can access verified presales and top-performing tokens directly from the mobile app.

Better still, you can save fees on legit crypto presales by purchasing $BEST on presale.

Buying $BEST is a breeze. All you need to do is head to the official Best Wallet Token website, connect your wallet to the widget, and buy as many coins as you’d like using fiat, popular crypto, or meme coins.

Considering it has already raised $11.7M and the $BEST price is predicted to reach $0.072 (a 190.91% spike compared to its current $0.02475 value), now’s an opportune time to buy in.

Nevertheless, this isn’t investment advice. You must DYOR and be aware that crypto prices can tumble as quickly as they jump, even after going live on the best DEXs and CEXs.