Day: April 16, 2025

South Korean Presidential Contender Vows to Push Crypto “As Much As” Trump

Key Notes Hong Joon-pyo plans to deregulate crypto and boost blockchain if elected. He promises $35B+ investment in AI, quantum tech, and semiconductors. Experts criticize South Korea’s proposed stablecoin bill for favoring foreign issuers. One of South Korean presidential candidates, Hong Joon-pyo, has disclosed that he intends to take a similar stance to Trump’s policies on crypto regulations. Like the current US president, Hong has openly incorporated deregulation and blockchain development in his economic plan for South Korea. Hong noted that he would add efficiency to the public sectors and…

Bitcoin At $1 Million? BPI Says One US Move Could Make It Happen

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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. In the latest installment of the “Bitcoin Policy Hour,” a weekly podcast produced by the nonprofit Bitcoin Policy Institute (BPI), leading members of the organization discussed how a single…

Solana Could Tank to $65, but There’s Still Hope

Key Notes A prominent analyst predicts a potential drop to $65 for the SOL token based on a bearish pattern. Real estate financing platform Janover purchased $10.5M worth of SOL and now holds $21.2M in SOL. NFT marketplace OpenSea also announced the trading of SOL tokens on the platform for select users. Solana (SOL) has experienced a notable dip in price, mirroring the broader cryptocurrency market sentiment as Bitcoin also faced selling pressure. Over the past 24 hours, SOL has shed almost 5% of its value, currently trading around $125.41…

Bitcoin at Risk of Dropping to $75K if $83K Support Breaks, Chart Analysis Show

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) recovery rally has stalled since Sunday, raising the risk of a bearish shift in key indicators. Since Sunday, the $86,000 mark has emerged as a resistance and supply zone, with bulls failing to keep gains above that level. The elusive breakout has raised the risk of a bearish realignment in key momentum indicators – the 50, 100- and 200-hour simple moving averages (SMA). The three averages stacked one below the other and trending…

Bitcoin Treasury bonds may help US refinance $14T debt — VanEck exec

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VanEck’s head of research has pitched a new type of US Treasury bond partially backed by Bitcoin to help refinance $14 trillion in US debt. Matthew Sigel pitched the concept of “BitBonds” — US Treasury bonds with exposure to Bitcoin (BTC) — at the Strategic Bitcoin Reserve Summit 2025 on April 15. The new 10-year bonds would be composed of 90% traditional debt and 10% BTC exposure, Sigel said, appealing to both the Treasury and global investors. Even in a scenario where Bitcoin “goes to zero,” BitBonds would allow the…

Is The Bitcoin Open Interest Too High Or Can The BTC Price Still Rally?

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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. The Bitcoin open interest has remained on the high side despite the price declines, suggesting that interest in the leading cryptocurrency by market cap remains abundant. This interest is…

Ethereum L2 development is ‘double-edged sword’ for ETH value

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Ethereum’s push toward layer-2 (L2) blockchain scalability may be a double-edged sword for Ether, potentially weakening the value accrual of the world’s second-largest cryptocurrency, according to a new report from Binance Research. The report suggests that Ethereum’s L2 blockchain networks — built to improve mainnet scalability and lower transaction costs — may be cannibalistic of the Ethereum base layer, negatively impacting the price of Ether (ETH). Ethereum’s dominance in terms of decentralized exchange (DEX) volume and fees generated is “under threat” by Solana and BNB Smart Chain, Binance Research wrote.…

2,009 Bitcoin Moved From Antpool, Are BTC Miners Selling?

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Key Notes Antpool transferred 2,009 Bitcoin, worth $168 Million, to unknown addresses. The transaction sparked speculations about miners selling. BTC faces price resistance near $84,000 amid market uncertainty. Current market data shows that Antpool, one of the biggest mining pools, has witnessed the transfer of a large amount of Bitcoin to an unknown wallet. Whale Alert, a blockchain tracking service, disclosed that the mining platform moved over 2,009 Bitcoin in two tranches, sparking some interesting questions. Over $168 Million in Bitcoin Leaves Antpool According to Whale Alert, Antpool moved a…

Ardor (ARDR) Price Rockets Over 100% Overnight: Too Late to Jump In?

Key Notes ARDR price has surged over 100% to around $0.13 in just one day. 24-hour trading volume spiked by 770%, reaching $547 million. Nearly 90% of inflows came via the KRW pair, hinting at possible bullish developments. Ardor ARDR $0.14 24h volatility: 55.9% Market cap: $136.81 M Vol. 24h: $617.72 M has recently rallied over 100% in the past 24 hours to trade around $0.13. This explosive move has doubled its market cap to $140 million, pushing the altcoin to the 248th spot among the largest cryptocurrencies. Notably, ARDR…