Day: April 13, 2025

Pi Network price rebounds as chart points to a 135% surge

Pi Network’s price is showing bottoming signs after rebounding by over 80% from its lowest level in April. Pi coin (PI) token jumped to a high of $0.7375 this weekend as investors bought the dip. It has soared to its highest level since March 31, with its daily volume rising by over 80% to over $700 million. The token rose as the crypto industry held steady amid the ongoing trade jitters. Top cryptocurrencies like Bitcoin (BTC) and Solana (SOL) have bounced back this week. BTC rose to $84,000, while Solana…

Commerce Secretary Lutnick walks back tariff relief on electronics

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Commerce Secretary Howard Lutnick walked back the recent reciprocal tariff exemption on select electronics announced in an April 12 bulletin from the United States Customs and Border Protection. On April 13, Lutnick told ABC News that the reciprocal tariff exemption was temporary until the administration established a sector tariff regime for semiconductor products, which includes phones, graphics processors, and computing chips in a “month or two.” Lutnick added: “President Trump has called out pharmaceuticals, semiconductors, and autos. He called them sector tariffs, and those are not available for negotiation. They…

A sign of crypto’s TradFi takeover?

Ripple, one of the biggest names in the cryptocurrency sector, recently purchased prime brokerage Hidden Road for $1.25 billion, underscoring how decentralization and traditional finance are officially meshing. Nic Puckrin, a crypto analyst and founder/CEO of The Coin Bureau, says the deal is indicative of this new trend and a positive for Ripple’s blockchain adoption and the price of XRP. After all, the transaction — set to close by the third quarter of this year — will be mostly cash-based, with a portion paid in XRP tokens and Ripple stock.…

Fartcoin ‘Hot Air Rises’ — $1.50 Just A Whiff Away

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Bitcoin rallies amid macroeconomic concerns — Are HYPE, ONDO, RNDR and KAS next?

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Bitcoin (BTC) made a brilliant comeback this week, rising more than 7%, indicating solid buying at lower levels. BitMEX co-founder Arthur Hayes said in a post on X that the US bond market crisis could be setting the stage for more policy response, and that could result in an “up only mode” for Bitcoin. Blockchain and intelligence platform Glassnode said in a post on X that Bitcoin had built solid support at $79,000, with roughly 40,000 Bitcoin accumulated there. Bollinger Bands creator John Bollinger also echoed similar views. In a…

HPC Gold Rush Continues: Bitcoin Miner Bit Digital Secures Québec Site for Tier 3 Data Center

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Bit Digital, Inc. has secured a lease-to-own agreement for a 202,000-square-foot site in Saint-Jérôme, Québec, to develop a Tier 3 data center supporting its 5MW colocation contract with artificial intelligence (AI) infrastructure firm Cerebras Systems. Cerebras, Bit Digital Partner on Tier 3 Data Center Near Montréal The publicly listed bitcoin mining entity Bit Digital (Nasdaq: […] Original

Mantra token price collapses by over 90% in 24 hours

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Update (4.13.2025 22:02:20): This article has been updated to provide updates from the Mantra team The price of the Mantra (OM) token, the native cryptocurrency of the Mantra real-world tokenized asset blockchain, has collapsed by over 90% in the last 24 hours. On April 13, Mantra fell from a price of approximately $6.3 to below $0.50 and shed over 90% of its $6 billion market cap. Some traders characterized the token collapse as an apparent rug pull. Market investor Gordon wrote: “[The] team needs to address this or OM looks…

Bitcoin Price Climbs Above $85,000 As Open Interest Surges 16% In Past Day

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Gold ETF Inflows Hit Three-Year High as PAXG, XAUT Outperform Wider Crypto Market

As traditional gold markets heat up, crypto investors are following suit—flocking to tokenized versions of the precious metal that offer both price exposure and digital flexibility. Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively year-to-date to new all-time highs above $3,300, roughly matching the performance of spot gold. Their prices have since receded slightly to $3,265 and $3,244, respectively. While gold-backed cryptocurrencies surged so far this year, the wider cryptocurrency market has been in a downtrend. Bitcoin (BTC) has lost more than…