Day: April 18, 2025

Mantra exposes crypto liquidity problems, and Coinbase is bearish: Finance Redefined

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Crypto investor sentiment took another significant hit this week after Mantra’s OM token collapsed by over 90% within hours on Sunday, April 13, triggering knee-jerk comparisons to previous black swan events such as the Terra-Luna collapse. Elsewhere, Coinbase’s report for institutional investors added to concerns by highlighting that cryptocurrencies may be in a bear market until a recovery occurs in the third quarter of 2025. Mantra OM token crash exposes “critical” liquidity issues in crypto Mantra’s recent token collapse highlights an issue within the crypto industry of fluctuating weekend liquidity…

Analysts brace for Bitcoin slide on gloomy US manufacturing data

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Bitcoin’s spot price could take a hit after the US Federal Reserve reported some of the worst manufacturing data in recent history, according to several cryptocurrency analysts. On April 17, the Philadelphia Federal Reserve Manufacturing Index — a monthly survey of 250 US-based manufacturers — reported the sharpest declines in overall business activity since 2020.  The data puts Bitcoin (BTC) “under short term pressure,” researchers at Bitunix, a crypto exchange, said in a post on the X platform. They added that Bitcoin could still see a “strong comeback” if its…

From 13,332 to 9,400 Bitcoin in 27 Days: Lazarus Group Relocates 3,932 BTC

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According to onchain analytics from Arkham Intelligence, in the past 27 days, North Korea’s hacking arm Lazarus Group, has orchestrated the transfer of 3,932 BTC, valued at $331.99 million. Even after dispatching such a considerable portion, the remaining cache still cements North Korea’s standing as the third-largest nation-state bitcoin holder. Lazarus Group’s 27-Day Exodus Over […] Original

Dogecoin Charts Flash 2020-Style Bull Signal, Crypto Analyst Says

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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 Dogecoin weekly chart is beginning to look eerily familiar. Crypto analyst Cantonese Cat, posting under the handle @cantonmeow, has published a three‑pane composite that reprises the technical cocktail…

Bitcoin whales absorb 300% of newly mined BTC supply — Is $100K next?

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Bitcoin’s (BTC) richest traders and investors are increasingly bullish on BTC despite facing downside risks from unfavorable macroeconomic factors, the latest onchain data suggests. Bitcoin whales absorbing 300% of new supply Bitcoin whales and sharks are now absorbing BTC at record rates—over 300% of yearly issuance—while exchanges are losing coins at a historic pace, according to Glassnode. Notably, Bitcoin’s yearly absorption rate by exchanges has plunged below -200% as outflows continue. This signals a growing preference for self-custody or long-term investment. Bitcoin yearly absorption rates. Source: Glassnode Meanwhile, larger holders…

Oregon targets Coinbase after SEC drops its federal lawsuit

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Oregon Attorney General Dan Rayfield is planning a lawsuit against crypto exchange Coinbase, alleging the company is selling unregistered securities to residents of the US state, after the United States Securities and Exchange Commission’s (SEC) dropped its federal case against the exchange. According to Coinbase’s chief legal officer, Paul Grewal, the lawsuit is an exact “copycat case” of SEC’s 2023 lawsuit against the exchange, which the federal agency agreed to drop in February. Grewal added: “In case you think I’m jumping to conclusions, the attorney general’s office made it clear…

South Korean crypto emerges from failed coup into crackdown season

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South Korea kicked off 2025 with political chaos, regulatory heat and a crypto market finally brought to heel — or at least forced to grow up. The nation closed 2024 in disarray following then-President Yoon Suk Yeol’s botched martial law stunt in December. In the aftermath, authorities spent the first quarter drawing lines in the sand as financial watchdogs slapped cryptocurrency exchanges with probes and lifted the ban on corporate trading accounts. Meanwhile, crypto adoption hit record highs as trading volume cooled. Here’s a breakdown of the key developments that…

Meme to Mainstream: 21Shares Spotlights Dogecoin ETP

Key Notes 21Shares has floated a new Dogecoin ETP under ticker DOGE on SIX Swiss Exchange. Investors can now access Dogecoin through traditional brokers and banks. Real DOGE assets back the product in custody to ensure transparency. Elon Musk-backed memecoin Dogecoin DOGE $0.16 24h volatility: 0.3% Market cap: $23.19 B Vol. 24h: $511.50 M is once again making headlines. 21Shares has launched the first-ever Dogecoin Exchange-Traded Product (ETP). The move brings the meme-inspired digital asset into the world of regulated finance. Notably, this will make it easier for traditional investors…