A spike in spot Bitcoin ETF inflows has analysts calling for a $200,000 Bitcoin price by the end of 2025. Which altcoins could follow? Key points: Bitcoin’s rally is backed by solid institutional buying in the spot BTC ETFs. A rally above the $95,000 level could be difficult, but analysts’ end-of-year price projections now extend to $200,000. Read more Source CryptoX Portal
In an earlier piece, I introduced the concept of the “Shopification of Wealth”, or the idea that on-chain rails can lower the barriers to entry and radically scale operations for financial advisors and wealth managers. Just as Shopify enabled anyone to launch a retail business online, crypto is enabling a new generation of investment professionals to start and scale advisory businesses without the legacy layers of TradFi infrastructure. This democratization of advice foreshadows broader changes in asset management. Because when you zoom out — beyond the advisor and beyond the…
Key Notes Riot Platforms has secured a $100 million credit line from Coinbase Credit to support its expansion plans. The loan is backed by Riot’s Bitcoin holdings, avoiding share dilution for stakeholders. It comes with a 364-day term and a potential extension, offering flexible financing. Riot Platforms, a North American Bitcoin mining company, has secured a $100 million credit line from Coinbase. The credit facility was arranged by Coinbase’s credit division, with Bitcoin used as collateral. Riot is leveraging 19,223 BTC, valued at over $1.8 billion, to secure the loan.…
XRP is trading at $2.28 after a high-volume session that saw $5.72 billion in transactions and a tight intraday range of $2.10 to $2.30. With a market capitalization of $132 billion, XRP is exhibiting bullish patterns across multiple timeframes, setting the stage for a potential breakout. XRP On the one-hour chart, XRP has recently broken […] Source CryptoX Portal
PayPal is upping the ante in the stablecoin wars as it’s set to begin offering U.S. users 3.7% annual returns on balances of its PayPal USD (PYUSD) stablecoin. The yield, accrued daily and paid monthly in PYUSD, is designed to spur adoption by making the token more appealing and stand out among the competition, Bloomberg reported. Set to launch this summer, the program will allow users to earn rewards while keeping their stablecoins in PayPal and Venmo wallets. The stablecoin can be spent via PayPal Checkout, transferred to other users,…
Crypto markets have faced a wave of liquidations over the past 24 hours, with total losses reaching $635.9 million, according to market data. Most of the liquidations (over $560 million) came from short positions, signaling growing pressure on bearish traders. Bitcoin (BTC) led the liquidation charts, with $293 million in short positions wiped out as BTC surged past $94,000, marking a 6.29% gain within one day, according to CoinGlass data. Ether (ETH) followed, with over $109 million in short liquidations as its price climbed nearly 10% to $1,787. Data from…
Crypto drainers — malware designed to steal cryptocurrency — have become easier to access as the ecosystem evolves into a software-as-a-service (SaaS) business model. In an April 22 report, crypto forensics and compliance firm AMLBot revealed that many drainer operations have transitioned to a SaaS model known as drainer-as-a-service (DaaS). The report revealed that malware spreaders can rent a drainer for as little as 100 to 300 USDt (USDT). Crypto drainers report image. Source: AMLBot AMLBot CEO Slava Demchuk told Cryptox that “previously, entering the world of cryptocurrency scams required…
Key Notes Bitcoin broke the $94,000 barrier for the first time in six weeks. The global crypto market cap is nearing the $3 trillion zone. Spot BTC ETFs recorded their seventh-highest net inflows. Bitcoin BTC$93 97224h volatility:6.2%Market cap:$1.87 TVol. 24h:$57.44 Band the broader altcoin market started to see increased gains on Tuesday, April 22, as both fundamental indicators and macro conditions turned in favor of financial markets. Bitcoin rose by 6.5% to a six-week high of $94,000. Its market dominance reached 63.4% — market cap sitting at $1.85 trillion —…
Futures bets against higher crypto prices lost over $500 million in the past 24 hours as a surge higher, buoyed by a possible cooldown of China tariffs by the U.S., led to the largest short liquidations since October. Bitcoin (BTC) rose from Tuesday’s low of $88,000 to above $93,500 in Asian morning hours, data shows, leading a jump in the broader market with ether (ETH), Cardano’s ADA and dogecoin (DOGE) up 14%. Solana’s SOL and XRP rose 7%, with all tokens in the top hundred by market cap in the…
The US Securities and Exchange Commission has said it doesn’t intend to refile its securities fraud complaint against Hex founder Richard Schueler, who goes by Richard Heart. “Plaintiff Securities and Exchange Commission provides this notice that it does not intend to file an amended complaint in this matter,” the regulator’s lawyer, Matthew Gulde, stated in an April 21 letter to New York District Court Judge Carol Bagley Amon. The court had previously dismissed the SEC’s original complaint on Feb. 28 as Judge Amon said the regulator failed to establish that it…