Day: April 23, 2025

US President’s planned dinner for TRUMP memecoin holders triggers 52% price surge — Will it last?

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Official Trump (TRUMP) jumped 52% on April 23 after the announcement of an exclusive in-person dinner for the top tokenholders with US President Donald Trump. For some crypto advocates, this marks the end of the bear market, especially as Bitcoin (BTC) bounced back above $93,000, but others raise suspicions on how sustainable the TRUMP memecoin rally really is. From a purely performance perspective, the Official Trump (TRUMP) memecoin has been a disappointment. After soaring above $75 on launch day, its gains quickly disappeared as investors noticed the high concentration of…

SOL Strategies raises $500M in convertible notes issuance to buy Solana tokens

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SOL Strategies, a Canadian investment company, issued $500 million in convertible notes to buy and stake in Solana (SOL) tokens. The $500 million issuance was made to a singular investor, ATW Partners, a New York-based investment firm. The company provides growth equity and structured capital to companies across public and private markets, a spokesperson for SOL Strategies told Cointelegraph. A spokesperson for SOL Strategies said the company is focused on building institutional-grade infrastructure for Solana, rather than reacting to short-term price volatility. According to an April 23 announcement, the yield…

Bitcoin Explodes Above $94,000 — What’s Igniting The Fire?

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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. Bitcoin’s ascent gathered fresh momentum on Tuesday, charging above the $94,000 mark and extending the gains to 26% since April 9. Three interlocking forces—geopolitics, strategic balance-sheet demand, and resurgent…

Previewing the Canadian Election’s Crypto Angle

Canada will host an election next week, where voters will consider a range of issues — the economy, housing, trade relations with the U.S. — as they choose their elected officials, who in turn will choose the next Prime Minister of the country. You’re reading State of Crypto, a CryptoX newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Crypto is not a major electoral issue during this year’s Canadian election. Neither leading Prime Minister candidate has campaigned on digital…

Bitcoin Price Completes Head And Shoulder Formation, Analyst Predicts Crash To $78,000

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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. Crypto analyst Melika Trader has warned about a bearish pattern that could be forming for the Bitcoin price. Based on this, the analyst predicts that the largest crypto by…

US exchanges bet big on crypto derivatives amid tariff turbulence

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United States exchanges are betting big on cryptocurrency derivatives as market turbulence from US President Donald Trump’s looming trade war propels demand for the financial instruments.  Since late 2024, exchanges including Coinbase, Robinhood, Kraken, and the Chicago Mercantile Exchange (CME) Group have been listing new types of crypto derivatives and mulling multibillion-dollar acquisitions as they vie for control of the burgeoning market.  In April, the stakes became even higher after Trump’s unveiling of sweeping tariff plans sent financial markets into a frenzy and spiked crypto derivatives trading volumes.  “Institutional and…

XRP futures open interest surges by 32% — Are traders bullish or bearish?

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Key Takeaways:  XRP has gained 25% since April 7, and its open interest has risen by 32%. Positive spot market activity contrasts with a neutral futures funding rate, highlighting a tug-of-war between traders. Analysts still have double-digit price targets for XRP. XRP’s (XRP) price fell to a year-to-date low of $1.61 on April 7, but has gained 25% over the past two weeks as the broader crypto market recovered and XRP open interest surged. XRP futures open interest. Source: CoinGlass The altcoin’s open interest surged 32% from $3.14 billion to…

LAPD recovers $2.7m in stolen Bitcoin mining equipment

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Two suspects tied to a South American cargo theft ring were arrested after Los Angeles police recovered over $3.9 million in stolen goods—including $2.7 million worth of Bitcoin mining computers intercepted at LAX. Detectives from the LAPD’s Cargo Theft Unit, working with the Los Angeles Port Police and other agencies, apprehended Oscar David Borrero-Manchola, 41, and Yonaiker Rafael Martinez-Ramos, 25, following an investigation into stolen cargo linked to the South American Theft Group.  The mining equipment was recovered as it was being loaded onto a plane bound for Hong Kong.…