Day: April 1, 2025

Ethereum’s chart looks “disastrous” — and the ETH/BTC ratio just confirmed it

Can Ethereum still claim L1 dominance as Solana gains ground and the ETH/BTC ratio crashes below 0.022? ETH/BTC hits a multi-year low Ethereum (ETH), the world’s second-largest crypto by market cap, is facing a sobering reality check. The ETH/BTC ratio, a metric used to gauge Ethereum’s strength relative to Bitcoin (BTC), has dropped to 0.022, its lowest level since December 2020, signaling a sharp decline in Ethereum’s relative performance. ETH/BTC lifetime price chart | Source: TradingView Since September 2022, when the ratio hovered around 0.085, Ethereum has shed more than…

Backpack opens claims process for former FTX EU users

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Crypto exchange Backpack has initiated the first phase of the claims process for former FTX users in Europe. According to an April 1 announcement, users will need to create an account on the exchange, submit Know Your Customer information, and connect it to their FTX EU claim account. Backpack has not set a deadline for this phase of the claims process and has yet to provide a timeline for when distributions will begin. Users will face a withdrawal fee of €5 ($5.39) for claims under €2,000 ($2,158) and 0.25% for…

Crypto miner backs US senator’s efforts to incentivize using flared gas

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Texas Senator Ted Cruz proposed a bill aimed at incentivizing crypto miners to use flared gas for energy generation in the state. In an April 1 notice, Cruz said he had introduced the Facilitate Lower Atmospheric Released Emissions, or FLARE, Act in the US Senate, aiming to make Texas “the number one place for Bitcoin mining.” Mining advocacy group Digital Power Network supported the bill, and Bitcoin (BTC) miner MARA Holdings endorsed the proposed legislation on X, claiming it would reduce emissions and “unlock stranded energy.” April 1 draft of…

Circle files for Initial Public Offering planned for April

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Crypto stablecoin issuer Circle Internet Group has filed with the US Securities and Exchange Commission to go public on the New York Stock Exchange. The USDC (USDC) issuer is planning to list its Class A common stock under the symbol “CRCL,” according to its April 1 Form S-1 registration statement with the SEC. Circle’s prospectus does not detail the number of shares to be offered or what its initial public offering target price will be. The filing also showed that Circle brought in $1.67 billion in revenue for 2024, a…

Trump-affiliated crypto mining venture mulls IPO — Report

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American Bitcoin Corp., a Trump family-backed crypto mining operation, has plans to raise additional capital, including through an initial public offering (IPO), according to an April 1 report by Bloomberg.  On March 31, Hut 8 — a publicly traded Bitcoin (BTC) miner — acquired a majority stake in American Bitcoin (formerly American Data Centers), whose founders include Donald Trump Jr. and Eric Trump.  After the deal announcement, Hut 8 transferred its Bitcoin mining equipment into the newly created entity, which is not yet publicly traded.  While American Bitcoin will focus…

Bitcoin Stays Down, But Whale Wallets Quietly Climb to 4-Month High

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. On-chain data shows the Bitcoin whales have seen their population grow recently, despite the bearish action that the price has been facing. Bitcoin Whales Have Seen Notable Growth In…

crypto eyes ‘good news’ amid fragile market psychology

Nansen Research has highlighted the macroeconomic factors and cues this week that the firm says could confirm the probability of a crypto bottom between April and June. Nansen principal researcher Aurelie Barthere shared the outlook on April 1, 2025, noting that this week will see notable data releases and policy announcements.  The macroeconomic factors that investors across the markets will focus on this week include the Federal Reserve policy, tariffs and U.S. growth via signals such as manufacturing and jobs data. According to Nansen, this “Liberation Week” is set to…

Ethereum’s weekly blob fees hit 2025 lows

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The Ethereum network’s main source of income from layer-2 (L2) scaling chains — “blob fees” — has sunk to the lowest weekly levels so far this year, according to data from Etherscan.  In the week ending March 30, Ethereum earned only 3.18 Ether (ETH) from blob fees, according to Etherscan, or approximately $6,000 US dollars as of April 1.  This figure marks a 73% drop from the prior week and a more than 95% decline from the week ending March 16, when Ethereum’s income from blob fees exceeded 84 ETH,…

Bitcoin ETFs Face $71 Million Exit Amid Tariff Concerns as Ether ETFs Gain $6 Million

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Bitcoin ETFs saw a $71 million outflow to start the week, extending Friday’s losses, while ether ETFs added $6.42 million in inflows. Investors may be reacting to economic concerns, including upcoming tariffs from President Trump. Bitcoin ETF Outflows Continue as Investors React to Market Uncertainty Bitcoin ETFs stumbled into the new week, shedding $71.07 million […] Original

APX Lending gains exemptive relief from Canadian Securities Administration

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APX Lending, a crypto-backed loan company, has gained exemptive relief from the Canadian Securities Administration (CSA) to offer crypto-backed loans without requiring traditional dealer registration or prospectus filings. “Over the last 2 years, APX developed a […] regulatory framework in collaboration with the Ontario Securities Commission (OSC) to facilitate this, as no such framework previously existed in Canada,” a spokesperson for APX told Cointelegraph. “This exemption is specific to APX and does not establish a precedent for other companies.” The platform currently supports Bitcoin (BTC) and Ether (ETH) as backing…