Month: April 2025

BNB Plunges 11.6% Before Binance Coin Roars Back on Trump Tariff Fears

The cryptocurrency market is navigating turbulent waters as geopolitical tensions and trade policies reshape investor sentiment. BNB’s recent price action, featuring a 13.2% trading range, highlights the heightened volatility affecting digital assets. Technical analysis reveals key support around $540-$545 and resistance at $565-$570, with trading volumes spiking during both selloffs and recovery phases, according to CryptoX Research’s technical analysis data. The implementation of new tariffs under President Trump’s administration has created a ripple effect across financial markets. Initially, bitcoin showed a negative correlation with equities as trade war rhetoric emerged,…

Neptune Digital Assets grows Bitcoin treasury to 401 BTC

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Neptune Digital Assets Corp. has expanded its Bitcoin treasury to 401 BTC as of April 10, 2025. The Vancouver-based firm claims it still has its Bitcoin (BTC) at an average price of $31,564—significantly below the 2024 average of $65,901 and the $67,458 average paid by institutional players like Strategy (formerly MicroStrategy). The move builds on Neptune’s earlier purchase of 20 BTC and 1 million Dogecoin (DOGE) between late December and early February, bringing its total Bitcoin holdings from 376 to 401 BTC. Neptune’s disciplined, cost-efficient strategy has helped it outperform…

Spot Bitcoin ETFs see $772M outflow as investors prepare for tariff-driven inflation

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Bitcoin (BTC) spot exchange-traded funds (ETFs) faced significant pressure amid uncertainty caused by the ongoing global trade war. Between March 28 and April 8, these ETFs experienced net outflows totaling $595 million, according to Farside Investors data. Notably, even after most US import tariffs were temporarily lifted on April 9, the funds still recorded an additional $127 million in net outflows. This situation has left traders questioning the reasons behind the continued outflows and why Bitcoin’s rally to $82,000 on April 9 failed to boost confidence among ETF investors. Spot…

Bullish Reversal Or Whale-Driven Fade?

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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. Solana has been able to remain above the key $110 price level even as big investors offload millions worth of tokens. The cryptocurrency is now trading at $114, registering…

Jack Dorsey’s Block fined $40M for alleged crypto compliance, AML failures

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Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App platform, Bloomberg reported on April 10. Block was fined by the New York Department of Financial Services (NYDFS) following an investigation into Cash App’s Anti-Money Laundering (AML) and cryptocurrency compliance operations, Bloomberg said after reviewing the government agency’s consent order.  NYDFS determined that Block allegedly violated consumer protection laws and didn’t conduct proper due diligence on its customers. The company was allegedly too slow in reporting…

Bybit Reclaims 7% Market Share After $1.46 Billion Hack

Key Notes Bybit recovers 7% of market share after $1.46 billion hack, regaining pre-hack levels. Hackers, linked to North Korea’s Lazarus Group, stole $1.4 billion in digital assets, mostly stETH and mETH. New security measures and partnerships, including with Zodia Custody, help restore investor confidence. Bybit, one of the world’s largest crypto exchanges, has bounced back to its pre-hack performance. Recent data shows the exchange has regained its 7% market share after what CEO Ben Zhou called the worst hack in history earlier this year. Bybit Recovers After February’s Security…

Bitcoin slips despite tariff pause, stock market crash resumes

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Bitcoin and stocks fell after reality set in on Wall Street, with recession fears starting to drive the market narrative. Both stocks and crypto markets declined during the trading day, giving back much of the previous day’s rally. On Thursday, April 10, the S&P 500 traded at 5,233.61, losing 223.36 points, or 4.31%. At the same time, the Dow Jones was at 39,296.45, dropping 1,312.00 points, or 3.23% from the day prior. The Nasdaq declined 4.66%, or 790.22 points, trading at 16,333.49. The declines came after the third-biggest daily rally…

Glassnode Data Shows Seller Exhaustion Emerging in Bitcoin, Ethereum Markets

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President Donald Trump’s “Liberation Day” tariffs triggered a global financial rout last week, with bitcoin plunging to $74,500 and ethereum to $1,380—their lowest since early 2023—according to an April 9 Glassnode report. Researchers Ukuriaoc and Cryptovizart linked the sell-off to tariff-induced liquidity strains and a faltering U.S. dollar, deepening digital assets’ broad-based contraction. Glassnode Report: […] Original

Ether ETF staking could come as soon as May — Bloomberg analyst

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Ether exchange-traded funds (ETFs) in the United States may be able to start staking a portion of their tokens as soon as May, according to Bloomberg Intelligence analyst James Seyffart.  On April 9, the US Securities and Exchange Commission (SEC) authorized exchanges to begin listing options contracts tied to spot Ether (ETH) ETFs after greenlighting Bitcoin (BTC) ETF options in September. However, issuers are still waiting for the regulator to allow Ether ETFs to offer staking after filing numerous requests for permission earlier this year. Source: James Seyffart The approval of…

Bitcoin Seesaws Despite Tariff Truce and Cooling Inflation

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The digital asset surged to $83K late Wednesday on news of President Donald Trump’s 90-day tariff pause. But even lower inflation couldn’t curb its descent back to $79K Thursday morning Tariff Pause and Lower Inflation Fail to Steady Bitcoin’s Choppy Trading Bitcoin roared past $83K late Wednesday after President Donald Trump declared a 90-day pause […] Original