Coin Bitz: April 2025

Wednesday, April 30, 2025

Trump Media Plans Utility Token Launch and $250M ETF Push

Trump Media and Technology Group, the holding company behind Truth Social and Truth Plus, is preparing to introduce a new utility token as part of a larger growth plan. CEO Devin Nunes revealed these updates in a letter marking the company’s first year as a publicly traded company, highlighting new functionalities, investments, and upcoming crypto integrations.

🚨NEW: In a letter to shareholders, CEO of Trump Media @DevinNunes announced the platform is mulling launching a utility token for subscription payments and possible other future uses within the ‘Truth ecosphere.’ pic.twitter.com/Sq2a6TdBdi
— Eleanor Terrett (@EleanorTerrett) April 29, 2025

The utility token will be added to a special Truth digital wallet and will first be used to pay for Truth Plus subscriptions. Later on, it might also be used for other services in the Trump Media network, as part of a bigger rewards program.

Marking One Year of Momentum

Marking its first year as a public company, Nunes mentioned the company’s solid financing standing, holding $777 million in cash with reduced operational costs. He thinks this gives Trump Media a clear advantage for progress, especially as it rolls out new extra features for Truth Plus, such as videos, an edit button, and access to news channels with a more traditional viewpoint and content suitable for all ages.

The Surge of Big Investments in the Finance Industry

On the other hand, under its financial services brand Truth.Fi, Trump Media is announcing a series of ETFs and individually managed accounts with an “America-first” focus in collaboration with Yorkville U.S. Stocks and Index Technologies Group. Up to $250 million has been assigned to this project.

However, Trump’s strategies in the crypto space have raised concerns about possible conflicts of interest. Even though he transferred his 59% stake to a trust, he is still connected to various crypto businesses, such as World Liberty Financial, where he holds the title of “Chief Crypto Advocate” and earns profits from the company, which is mainly owned by the Trump family. His launch of the memecoin, Official Trump (TRUMP), just before his return to office also faced criticism.

Nunes also raised concerns about market manipulation, pointing out a hedge fund’s 6 million short positions and informing the SEC. He mentioned that the company is actively looking for mergers and acquisitions to find valuable assets that fit its long-term goals.

Navigating Stock Challenges and M&A Strategy

Despite the declarations, Trump Media’s stock (DJT) dropped 3% on the day and is down 26% for the year, as investor interest seems to be slowing down due to wider market instability. Nunes claims hedge fund interference is partly to blame and has warned the SEC. He also said that Trump Media is on the lookout for key acquisitions to fuel sustainable growth.

Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice, and viewers should consult their financial advisors before investing.

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Ethereum Gains Momentum as Bulls Target Further Upside

Ethereum price started a new decrease from the $1,850 level. At present, ETH is stabilising around the $1800 zone and may target a step above $1,820.

Main Takeaways:

Ethereum started a market pullback and traded under the $1,800 level.
The price is trading above $1,780 and the 100-hourly Simple Moving Average.
There is a short-term building of a converging triangle pattern with resistance at $1,810 on the hourly chart of ETH/USD.
The pair will begin a new growth if it surpasses the $1,850 resistance level.

Ethereum Eyes Continued Upside Potential

Ethereum prices still maintain above the $1,745 level and begin a new growth, like Bitcoin. ETH surged back over the $1,800 resistance level before the market turned bearish.

A peak was developed at $1,842, and the price adjusted recent gains. There was a step under the $1,820 level. The price dropped under the 50% Fib retracement level of the uptrend from the $1,746 dip down to the $1,842 peak.

Yet, the buyers are still active close to the $1,780 level and the 61.8% Fib retracement level of the uptrend from the $1,746 dip down to the $1,842 peak.

Ethereum Gains Momentum as Bulls Target Further Upside 1

At present, Ethereum’s price is trading above $1,780 and the 100-hourly Simple Moving Average. On the upside, the price seems to be encountering obstacles around $1,810. The next important resistance point is near $1,820. A short-term triangle is also forming with resistance at $1,810 on the hourly chart of ETH/USD.

The first big resistance point is around $1,850. If the price moves clearly above $1,850, it could rise towards $1,920. If it breaks above $1,920, there could be more gains in the next sessions. In that case, Ether could reach $1,950 or even $2,000 soon.

Another Drop In ETH?

If Ethereum fails to surpass the 1,850 resistance, then there will be a begin a new drop. The first support on the downside is close to the $1,780 level. The first key support is located around the $1,750 zone.

A clear move under the $1,750 support may push the price close to the $1,620 support. Any further losses could push the price down to the $1,600 support level soon. The next important support point is at $1,550.

Ethereum Technical Signals:

Hourly RSI (Relative Strength Index) – The RSI for ETH/USD is currently greater than the 50 zone.

Hourly MACD (Moving Average Convergence Divergence) – The MACD for ETH/USD is currently showing positive momentum in the bullish zone.

$1,780 – Major Support Level
$1,850 – Major Resistance Level

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Ray Dalio Warns of Global Instability: Is Bitcoin Poised to Gain?

Main Takeaways:

U.S. and China worries are sparking a lasting transformation in global economic linkages.
Bitcoin signals a bullish trend during the rise of geopolitical and economic instability.

Global trade is experiencing a significant shift as U.S.-China tensions are primarily caused by tariff policies. This has continued to develop into a more profound and possibly permanent change in international network dynamics.

Ray Dalio Still Bullish on Crypto’s Future Potential

On the other hand, Ray Dalio, founder of Bridgewater Associates, advised that while some people still hope that future talks can bring things back to normal.

He assumes that an increasing number of stakeholders, especially those on the cutting edge of international trade, are getting ready for a lasting split.

Businesses in different industries are rethinking how much they rely on the U.S. and changing their plans because they expect the global system to become more divided.

This feeling is happening as financial systems weaken, political instability grows, and global divisions increase, which reminds us of past times when systems fell apart.

After observing this assumption, an X (formerly Twitter) user answered:- “@grok what assets will benefit from these changes?”

Which Assets Stand to Gain the Most from Global Shifts?

Consequently, as the global crypto market faces small swings, with Bitcoin (BTC) lingering close to $95,160 and broader capitalisation dropping slowly, experts still concentrate on unseen dynamics driving market shifts. Technical indicators like RSI and CMF suggest upward momentum silently gaining strength in the background.

In addition, market expert Willy Woo thinks that Bitcoin may soon try to make a strong move upward, possibly breaking through the $96k point if present patterns hold.

Still, looking at past price movements, there is an increasing call for long-term vision. Experts like Ray Dalio say that fixing today’s economic and global problems needs more than quick fixes, it requires calm, teamwork, and a focus on solving the deeper issues directly.

So, as time to act wisely runs out, investors and leaders are being encouraged to pay attention to major financial changes instead of just short-term market ups and downs.

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Tuesday, April 29, 2025

Crypto-Friendly Laws Approved by Arizona Lawmakers

Arizona lawmakers have approved two related bills that could position the state at the forefront of state governance cryptocurrency investing, assuming they receive the governor’s signature from Governor Katie Hobbs.

The Arizona House approved Senate Bill 1025 during its final reading. Legally designated as the “Arizona Strategic Bitcoin Reserve Act,” the House passed it 31-25-4 on Monday.

S.B. 1373, a complementary bill creating a “Digital Assets Strategic Reserve Fund,” was approved with a 37-19-4 House vote conducted on the same day.

Previously, on February 27, the Arizona Senate approved both bills. After approving both chambers without any revisions, the bills awaiting official forwarding to Governor Hobbs’ desk.

Both bills create Arizona’s moves toward its intended state of cryptocurrency assets. SB1025 concentrates solely on Bitcoin as an investment fund, while SB1373 develops frameworks for managing multiple digital assets.

A different plan to add Bitcoin ETFs to the state’s retirement savings for government workers was suggested in March. Arizona also moved forward with a bill earlier this month to protect Bitcoin miners and blockchain operators.

SB1025: Arizona’s Plan for a Strategic Bitcoin Reserve

SB1025 sets the framework for managing state funds from entities like the state treasury and pensions.

The bill also says that if the U.S. Treasury creates a Strategic Bitcoin Reserve to hold government-owned Bitcoin, Arizona could choose to keep its own digital money there in a safe, separate account.

SB1025 proposes to change Arizona law to permit the state treasurer and retirement systems to invest up to 10% of government funds in digital currencies, particularly Bitcoin.

Arizona Introduces SB1373: Digital Assets Strategic Reserve Fund

SB1373, at the same time, creates an asset to hold “funds allocated by the legislature and digital assets that are removed by this state,” which includes those taken through legal actions against crime.

For SB 1373, money given by the legislature does not automatically run out or “expire” at the end of the fiscal year, which is usually required by Arizona law.

The fund may hold digital currencies, like Bitcoin, NFTs, and stablecoins, which the State Treasurer would control via authorised custody methods.

Identifying and Aligning Funding Priorities

If the two bills are passed, Arizona will become the first state to completely adopt crypto into its financial framework, building on similar initiatives from other states.

The bills need the governor’s consent, which has been in danger because of the last budget talks and political divisions.

Governor Hobbs warned earlier this month on X that any bill not already on her desk would be vetoed. She said “extreme Republican legislators” are using funding for people with disabilities as a bargaining chip in their political games.

Although a budget disagreement seemed to be settled last Friday, Hobbs has not yet given an official statement regarding SB1025 and SB1373.

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Monday, April 28, 2025

What Is Fragment Marketplace – How To Earn Ton From Fragment

Fragment is an official marketplace of Telegram where buying, selling and auctioning of usernames and virtual phone numbers is done. It is powered by the TON blockchain. It is a source of income for the users by trading unique usernames and numbers securely and anonymously.

It opened up new opportunities for monetization. Users can buy and sell usernames on Messenger as well as trade phone numbers on this platform.

What is Fragment?

In November 2022, a platform called Fragment was launched. The users can undesignatedly see accounts (username) registered in the telegram and phone numbers.

Fragment runs on the TON blockchain. This platform was created by the team at Telegram and brought to a conclusion by a group of independent programmers.

The U.S. Regulators were pressured, and as a result, the messenger had to give up the project. The growth of Telegram was in the public domain, so the group of independent developers decided to use it. With all the efforts, the crypto project TON, which is derived from Messenger, came into being.

Cryptocurrency ‘TON’ is used for dealing with fragments. Therefore, a cryptocurrency wallet is required to buy or sell something on the platform. The TON blockchain contains all the major information about the ownership of an account or phone number is stored

How To Use Fragment

Firstly, you need to log in to the platform. An unauthorised user can access information about placed lots but cannot participate in auctions. Therefore, to make any transaction on the marketplace, you need to create an account. As a result, all the information about your trades and lots will be displayed on the platform

Step 1- Authorisation and Connection of the Wallet

To get the authorisation, a telegram account will do. Click “connect telegram” in the upper right corner to connect through it, and then Telegram will receive a message from the platform to confirm the login.

A cryptocurrency wallet will also need to work. To do this, “Connect TON” in the upper right corner. The platform provides options to choose from according to convenience. Among them, the Telegram cryptocurrency wallet will be suitable.

After completing all the requirements and fulfilling all conditions, the fragment will inform you that your wallet is connected.

Step 2 – Selecting a Section

There are two sections on the fragment platform –

Usernames and
Phone numbers

It contains a search field, where the usernames of interest, as well as a list of lots available for purchase, are displayed.

The users can customise the display of available variants according to their needs, for example, to display only lots at auction or already sold variants, as well as set the parameters for displaying results by price, from the cheapest to the most expensive or vice versa.

Each username card has details about the transaction done, including the countdown to the end of the auction and the cost per step to participate. For example, in the screenshot below is the sale card of the telegram username @saint.

What Is Fragment Marketplace - How To Earn Ton From Fragment 1

The highest bid on it, as of the time of writing the review, is 20,500 Toncoin (about $108,035). The steps required to participate in the auction are 1,025 Toncoin (5%). 2 days and 7 hours remain till the end of the auction.

What Is Fragment Marketplace - How To Earn Ton From Fragment 2

By going into the personal account menu in the “My usernames” section, you can put your registered Telegram username up for sale. By clicking on the section, the fragment will show the variants that you can put for sale.

To start an auction by username, click ” Place an Auction”.

The system may request to launch a bot in Telegram@fragment.

To do this, type its name into the search bar of messenger and then click on the ‘start’ key. The bot is needed to confirm lots of details and send notifications about transactions. The same principle applies to the phone number section also.

What Is Fragment Marketplace - How To Earn Ton From Fragment 3

Step 3- carrying out the operation

After completing the authorisations and bindings of the cryptocurrency wallet, the user has to carry out the operations he is interested in

For example, to put up for sale the username registered on Telegram. The system uses a specific cryptocurrency wallet to settle transactions.

How to earn on Fragment

Register and sell usernames: Distinctive accounts are often sold for tens of thousands of dollars.
Resell usernames: The users can buy the accounts at low prices to resell them afterwards.
Sell or resell phone numbers: the same principle of operation is followed as with the usernames.

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Monero Soars 50% Amid $330M Bitcoin Laundering Activity

The event, identified by blockchain analyst ZachXBT, started when the BTC was withdrawn from a targeted wallet to a recognised suspicious account.

A reported theft of 3,520 Bitcoin worth around $330.7 million has sparked a strong rally in Monero (XMR) after the looted funds were moved across several instant trading platforms.

The launderers quickly sent the money through more than six exchanges, changing large amounts of Bitcoin into Monero, a privacy-focused cryptocurrency known for making transactions hard to trace.

Monero Rises 50%, Reaches Multi-Year High

The instant gain in demand triggered XMR’s price to jump by 50%, hitting record levels of $329, a level not reached in years.

According to data from CoinGecko, at present, the token is trading around $267.03 with a 16.3% increase in the last 24 hours.

Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M)

Theft address
bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g

Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike…
— ZachXBT (@zachxbt) April 28, 2025

According to the data from Coinglass, more than $1 million in short positions were sold off during the rally, increasing upward momentum.

Monero’s price breaks out, also aligned with increasing excitement over its upcoming EP159 and EP160 upgrades.

These ideas are designed to make Monero easier to follow for regulators, allowing users to prove their transactions are valid without showing private information. Analysts think this could help Monero get relisted on major exchanges like Binance and Coinbase under Europe’s new MiCA rules.

Significantly, other privacy-focused tokens, including Zcash (ZEC), Dash (DASH), and Decred (DCR), also shared significant profits.

Monero Traced by Finnish Authorities in High-Profile Hack

Even though privacy coins like Monero are popular for providing better anonymity, Finland’s National Bureau of Investigation has reportedly made great progress in tracking XMR transactions as part of the criminal trial of Julius Aleksanteri Kivimäki.

Kivimäki is accused of hacking into a private mental health company’s database and asking for ransom payments in cryptocurrency. In the last year, prosecutors exposed a crypto trail connecting to Kivimäki’s bank account.

The suspected hacker was considered to demand 40 Bitcoin, at present valued at about 450,000 euros, in exchange for not disclosing records associated with over 33,000 patients from psychotherapy service provider Vastaamo.

When the ransom remained unpaid, Kivimäki reportedly targeted single patients. Finnish police say the hacker got paid in Bitcoin, sent the money to an exchange without proper ID checks, changed it into Monero, and then moved it to a Monero wallet.

Later, the money was said to have been sent to Binance, where it was exchanged back into Bitcoin and then moved to different wallets.

The regional officials have to keep the information private and have not revealed further information about their on-chain analysis.

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XRP ETF Receives Green Light, But It’s Not a Spot ETF

The U.S. Securities and Exchange Commission (SEC) has approved the first-ever XRP futures ETF, announced by ProShares. This ETF is anticipated to launch on April 30th, 2025. Although it’s not a spot ETF that tracks the real price of XRP, it’s still a big move for XRP’s presence on Wall Street.

The ETF was approved only a few years after Ripple, the company beyond XRP, was secured in a long legal fight with the SEC. At present, XRP is transitioning from legal battles to market arenas, aligning with the ranks of Bitcoin and Ethereum, which have both futures and spot ETFs at this point.

🚨BREAKING: SEC Approves an $XRP ETF — and It's HUGE

No, it’s not a Spot ETF yet.
It’s a Futures ETF — but don’t underestimate what this means.

Here’s the breakdown:

✅ Wall Street attention: Big players have a way to trade XRP.
✅ Mainstream legitimacy: XRP is officially… pic.twitter.com/AWHTBjijeR
— Armando Pantoja (@_TallGuyTycoon) April 27, 2025

Some investors were initially confused, asking, ‘Why futures and not spot?’ But future ETFs are usually the first move. Bitcoin and Ethereum followed this path, and analysts think a spot XRP ETF could come next. Futures trading lets big investors bet on XRP, whether the price goes up or down, which is a normal and healthy part of established financial markets.

Analysts described the approval as a turning point, mentioning that this step provides major players a way to legally lock trade XRP. And the positive update does not end there. In Brazil, the XRP H11 ETF has just launched on the country’s main stock exchange, making it the first XRP-focused ETF in the world. This shows that XRP is now gaining attention globally and is no longer being ignored.

Only a few years back, XRP was facing intense legal scrutiny. At present, it is being featured on international exchanges, with compliant investment products paving the way for wider adoption.

From being monitored by regulators to becoming highly favoured by institutional investors, XRP is clearly starting a new chapter.

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DOGE Price Update: DOGE Bulls Eye $0.22 Breakout Amid Rising Short Liquidation Pressure

Main Takeaways:

If Dogecoin breaks out of the flag pattern, its price could rise to $0.22.
DOGE breaking above $0.19 might cause a $55 million short position wipeout.
DOGE public traders vs professional investors.

Dogecoin Price Update

A bull flag pattern formed on the 1-hour chart for the DOGE/USD pair. The strong price increase from $0.1520 to $0.1850 created the ‘flagpole’ after a big rise in buying pressure.

DOGE price showed a period of consolidation within two downward-facing trend lines. Therefore, it developed the flag sequence from $0.1680 to $0.1840. This price trend commonly suggested a temporary break before a further trend, as the ongoing uptrend had the potential to persist.

The Dogecoin price was reaching the top boundary of the flag pattern between $0.1810 and $0.1840 at the moment of analysis. If the price breaks above the resistance, it could confirm the bull flag pattern and lead to a potential price rise.

This could push DOGE toward hitting $0.22 by measuring the distance from the starting at the breakout point and extending through the flagpole’s length.

If the price breaks above resistance, it could create strong positive momentum, attracting more investors. However, if the price drops below $0.1680, it would cancel the bullish outlook for DOGE.

If the price drops to $0.1600 and $0.1520, where the last strong price jump is initiated, then traders should observe consistent underperformance in Dogecoin’s worth.

Dogecoin Short Liquidations Surge as Price Gains Momentum

Traders observing DOGE prices would find themselves on the corner because of the possibility of price changes. A surge in price above $0.19 would trigger millions of dollars in short positions liquidation dangers. It might surpass $55 million.

DOGE Price Update: DOGE Bulls Eye $0.22 Breakout Amid Rising Short Liquidation Pressure 1

Reviewing heatmaps disclosed that short sellers had heavily committed to their positions by about $0.1908. That is expected to trigger considerable market changes.

DOGE has been falling in price for the past three months, dropping from $0.44 to around $0.15. Most traders made strong bets on the price dropping further between $0.19 and $0.25, which created areas with less liquidity.

If DOGE drops below $0.19, it could trigger a quick series of sell-offs, as short sellers would have to buy back their positions to limit losses. Market data indicates that $55 million worth of short positions could be quickly liquidated.

Public Traders Vs Professional Investors

The mood within the DOGE network showed

excited expectations as the sentiment reading hit 0.77. The whole hopeful prospective outlook about Dogecoin could have developed from social media attention and heightened interest in cryptocurrency.

According to professional investors’ sentiment readings of -0.32, knowledgeable traders and investors showed a negative attitude toward the DOGE price.

DOGE Price Update: DOGE Bulls Eye $0.22 Breakout Amid Rising Short Liquidation Pressure 2

The exceptional market insight, merged with greater capital, was likely to continue a more guarded perspective about the future of Dogecoin price achievement.

The difference between what the general public thinks and what experts say could lead to big price changes during times of cryptocurrency market shifts.

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Sunday, April 27, 2025

Bitcoin ETF Experiences $3.06B Inflows After Weeks of Losses

Main Takeaways:

U.S. Bitcoin ETFs have remarkable $3 billion inflows, hitting the first continuous weekly surge since March.
Bitcoin surges close to $94k, boosting optimism and significant institutional ETF inflows.

Bitcoin ETF Hits Record Highs

According to the reports from SosoValue, these exchange-traded products combined registered $3.06 billion in inflows by the 26th of April, recording their first back-to-back weekly gains since late March.

The current rise stands in stark contrast to the heavy outflows observed at the beginning of this month, containing an unbelievable $713.30 million in withdrawals by the 11th of April.

While $172.69 million came in the next week, this new milestone shows a big change in investor attitude.

Significantly, the last time U.S. Bitcoin ETFs faced back-to-back weekly inflows throughout the week ended on the 28th of March, when they recorded $196.48 million.

At present, the momentum not only mentions renewed trust in Bitcoin-focused investment options but could also fix the tone for the overall market rebound.

The rise in Bitcoin ETF inflows seems to reflect the overall positive feeling spreading through the crypto market.

The Impact of Recent Events on Bitcoin and the Crypto Market

According to CoinMarketCap, bitcoin surged to $94,197.02 after a moderate 0.50% rise in the last 24 hours.

Significantly, the funds have risen to nearly 11% in the last week, getting nearer to the pivotal $94k point.

This sharp price increase has not only energised Bitcoin holders but has also boosted confidence in major altcoins like Ethereum (ETH), Ripple (XRP), and Solana (SOL), with each seeing gains of about 2%.

BlackRock’s IBIT Grabs the Limelight

In reality, data from Farside Investors disclosed that spot Bitcoin ETFs generated a remarkable $442 million in inflows on the 24th of April individually.

BlackRock’s iShares Bitcoin Trust (IBIT) offered a significant $327.3 million to the total.

This points to an unbroken series of positive inflows since the 17th of April, mentioning a reignited surge of institutional trust.

To support the positive market mood, U.S. spot Bitcoin ETFs saw a net inflow of 11,898 BTC in just one day, the highest since November 11, 2024.

As Bitcoin’s momentum picks up, more institutional involvement could mean the start of a stronger and longer-lasting rise in the overall crypto market.

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10 Best Crypto Investment Books for Aspiring Investors

Cryptocurrency and blockchain technology can be very confusing for most beginners. As the markets change quickly, it is more important than ever to have good, organised information. Unlike short articles online, books are still one of the best ways to get clear and detailed knowledge. Whether you want to start investing or just understand how blockchain works, some books are especially helpful. This article shares a list of the best crypto investment books that can give beginners a strong start in the world of digital currency.

Why Books Are Essential for Learning Crypto

Even though there are lots of podcasts, videos, and blog posts today, books still give a better and more organised way to learn. Books share carefully researched information in a clear and logical order. Unlike short social media posts, books let you dive deeper into topics like how the economy works, how blockchain is used, and how investors think. This helps readers learn to think more critically and make smarter decisions.

Top 10 Crypto Investment Books for Beginners

“The Bitcoin Standard” by Saifedean Ammous

This is the study of the history of money and how Bitcoin is used as a decentralised currency relative to traditional currency. This is essential for understanding Bitcoin’s financial value.

“Cryptoassets” by Chris Burniske and Jack Tatar

It has detailed knowledge about digital funds other than Bitcoin, the book presents analytical models for crypto investments.

“Mastering Bitcoin” by Andreas M. Antonopoulos

While involving technical details, the book presents a clear clarification of the mechanics of how Bitcoin works. It’s valuable for those fascinated by diving into more complex blockchain operations.

Understanding Bitcoin and Blockchain: A Beginner’s Guide by Antony Lewis

Characterised as easy to read, the book explains blockchain technology, mining, wallets, and trading crypto in plain terms.

“Blockchain Basics” by Daniel Dresche

A layman’s book explaining blockchain constructs in analogies and a step-by-step learning progression.

“Bitcoin and Cryptocurrency Technologies” by Arvind Narayanan et al.

A detailed study that explains the technical, financial, and legal sides of cryptocurrency.

“Digital Gold” by Nathaniel Popper

A book depends on the story that monitors the experiences of early Bitcoin adopters, programmers, and the political impact of digital currency.

“The Only Cryptocurrency Investing Book You’ll Ever Need” by Freeman Publications

This book explains topics like portfolio diversification, token selection, and risk management from the viewpoint of beginners.

“Blockchain Revolution” by Don and Alex Tapscott

This book focuses on how blockchain will change industries, making it important to read about its large-scale applications.

“Investing in Crypto Assets: The Essential Guide” by David Cox

A well-rounded book between theory and practical steps for a beginner seeking their first crypto investment plan.

Conclusion

The crypto world is always changing, but the basic ideas stay the same. For new buyers, reading good, well-researched books is a clear and organised way to start. The ten books listed here provide different perspectives on digital assets, covering topics from economics to technical details. A thoughtful approach to learning leads to smarter investment choices and continued engagement in the crypto market.

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Saturday, April 26, 2025

Why BlackRock Is Avoiding an XRP ETF Filing

While XRP ETFs are starting to draw institutional attention, BlackRock, the world’s biggest fund manager, stays out of the fray. Despite the applications from companies like Grayscale and Bitwise, BlackRock has not taken any steps toward launching an XRP ETF.

BlackRock’s XRP ETF: Why the Delay?

Market experts claim BlackRock sees no strong motivation to dive into the XRP ETF market. The company is already making substantial profits via its Bitcoin and Ethereum ETFs. Its Bitcoin ETF claims superiority over $30 billion in funds, while its Ethereum ETF currently surpassed the $1 billion threshold in only two months.

Given how well these products are doing, BlackRock seems happy to focus on funds that are easier to trade and have more demand from big investors, putting XRP aside for the time being.

The CIO of Bitwise company, Matt Hougan, mentioned that while interest in XRP is increasing, it has not yet surpassed the target needed to quicken BlackRock’s contribution. Generally, BlackRock answers after clarification and ongoing institutional interest before joining a new market, and XRP has not surpassed that barrier yet.

ETF analyst Nate Geraci highlights that BlackRock is likely choosing to hold off and watch. Rather than taking the lead, BlackRock is observing how opponents like Grayscale and Franklin Templeton manage the XRP ETF space. The company is also intensely observing the regulatory landscape, especially how the U.S. Securities and Exchange Commission (SEC) responds to early XRP ETF filings.

Exploring Grayscale’s XRP ETF Filing

While BlackRock is still being careful, Grayscale has already made a move by applying for an XRP ETF. Grayscale’s filing shows that smaller investment companies are becoming more confident that clear rules for XRP are coming soon. Even though the SEC has not approved any XRP ETFs yet, Grayscale’s action adds pressure on regulators to explain the rules clearly and might help speed up the approval process for XRP ETFs.

Ripple vs SEC Result Remains Important

The SEC’s position on XRP ETFs is still unclear, mainly because the Ripple vs. SEC court case is still happening. FOX Business reporter Charles Gasparino says BlackRock probably won’t try to launch an XRP ETF until all the regulatory issues are sorted out. The result of the Ripple case will be very important in deciding when the XRP ETF might get approved and if it will become more widely accepted.

Further emphasising the careful strategy is BlackRock’s interaction with a fraudulent XRP ETF filing in 2023, which creates uncertainty in the market. Market experts mentioned that BlackRock is presently even more cautious about its reputation and will only take action when the legal rules and market situation are completely favourable.

When Can We Expect the U.S. SEC to Approve the XRP ETF?

The XRP ETF approval process is intimately linked to the resolution of Ripple’s legal case with the SEC and a wider adoption in big investor demand. Industry experts indicate that an XRP ETF green light date could remain months away, leaning significantly on legal developments in 2025. Until then, news about the XRP ETF will probably focus on applications, SEC reviews, and smaller companies moving forward.

At present, investors excited about an XRP ETF will require further regulatory guidance and a stronger market need to motivate BlackRock and potentially others to do something.

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Best 10 Blockchain Courses to Take in 2025

2025 is a key year for digital technologies, with blockchain becoming more important in areas like decentralised finance, Web3, and business data solutions. As more industries adopt blockchain, the need for experts has grown rapidly. To enter the field or advance your career, you need practical, in-depth knowledge, and taking an advanced blockchain course is one of the best ways to gain that expertise.

The Importance of Blockchain Education in 2025

Blockchain is no longer just for cryptocurrency. It supports smart contracts, digital identity programs, clear supply chains, and decentralised apps. As a result, knowing blockchain is becoming essential for tech jobs. By 2025, blockchain training will offer more than just technical skills, it will open up career opportunities, business ideas, and innovation in both public and private sectors. A strong understanding of blockchain basics, coding, and governance will give students the tools to confidently create, assess, and manage blockchain projects.

Top 10 Blockchain Learning Opportunities for 2025

Explore the Blockchain Specialisation by the University at Buffalo on Coursera

At the top of the list is Coursera’s Blockchain Specialisation, created with the University at Buffalo. The course covers basic topics like decentralised apps, consensus algorithms, and creating smart contracts. It’s one of the most popular courses for learners looking for a thorough but efficient way to study blockchain.

Certified Blockchain Developer: A Blockchain Council Certification

Blockchain Council Qualified Blockchain Programmer is a course meant to train candidates for blockchain programming roles. The course has detailed lessons on blockchain design and creating smart contracts.

MIT Sloan School of Management: Blockchain Technologies Course

MIT Sloan’s Blockchain Technologies course is different because it focuses on how businesses can use blockchain. It’s best for leaders who want to learn how to use blockchain in real-world operations.

Learn Ethereum and Solidity: The Complete Developer’s Course on Udemy

Udemy’s Ethereum and Solidity: The Complete Programmer’s Guide presents project-based learning, giving a simple starting point for Ethereum-based development. It instructs programmers on the expertise in the essentials of creating smart developments.

Master Blockchain Basics with BerkeleyX via edX

BerkeleyX introduces an immersive program known as Blockchain Fundamentals, which is backed by UC Berkeley. It merges technical analysis with educational challenges, making it ideal for both starters and professionals aiming for growth.

Exploring Blockchain Technology: An IBM Guide

IBM’s Introduction to Blockchain is a course designed for businesses that also gives you access to Hyperledger tools. The course focuses on practical, real-world solutions for businesses and awards a digital badge for professional certification upon completion.

Master Blockchain Architecture: Certification by EC-Council

For architects and strategists, EC-Council’s Certified Blockchain Architect course facilitates systematic education in system design. It’s created for experts who are in charge of executing blockchain in information technology systems.

Business Blockchain Essentials: Linux Foundation’s edX Course

This course is available for those students who desire to apply blockchain within an organisational climate. It concentrates on real-world applications with the execution of Hyperledger frameworks.

The Blockchain Academy: Unlock Your Blockchain Potential with 101 Blockchains

101 Blockchains has an extensive educational system via The Blockchain Academy. This is a pattern of self-study qualification programs, master webinars, and regular newsletters that keep learners informed about the latest trends in the field.

Hyperledger Blockchain Technologies: Learn with edX and the Linux Foundation

The “Hyperledger Blockchain Technologies” course on edX is a detailed and technical look at blockchain for businesses. Created with the Linux Foundation, it is one of the most thorough Hyperledger courses available.

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BONK on the Rise: 12% Surge Signals More Upside Ahead

Main Takeaways:

BONK completed a breakout with a 17.28% Open Interest surge and a positive price pattern.
Rising funding rates, money moving off exchanges, and the chance of more short positions getting closed all suggest the price could keep going up.

Bonk (BONK) has pushed above its extended descending pattern, affirming upward momentum that could mark the start of a major trend shift.

At the reporting time, BONK traded at $0.00001595 after surging 12.56% in the last 24 hours. The price moved close to the $0.00001900 level, which is an important point that could either confirm the breakout or slow things down.

17% Surge in Derivatives Exposure Signals Increased Trader Activity

The breakout has triggered a powerful response in the futures and options market, where Open Interest climbed by 17.28% to hit $23.68 million.

This sudden rise shows that traders are becoming more self-assured in BONK’s rising potential, placing funds into long trades.

When open interest increases along with a rising price, it usually shows that the move is driven by strong confidence, not just speculation.

BONK on the Rise: 12% Surge Signals More Upside Ahead 1

Hence, the recent surge indicates that the rally is drawing in dedicated investors, not only short-term trend followers.

Positive Funding Rates Return as Long Positions See Increased Demand

The derivatives report indicates the Oi-weighted funding rate has shifted positively at 0.0064%, indicating a return of bullish sentiment in the market.

This change highlights a stark difference from the previous weeks of neutral-to-negative investment, where shorts led sentiment.

BONK on the Rise: 12% Surge Signals More Upside Ahead 2

A positive investment rate indicates that traders are paying extra to keep long positions, showing the increasing need for upward potential.

While the rate stays steady and prevents the threat of overly leveraged optimism, it indicates a change in trading sentiment driven by fundamentals.

Rising Exchange Outflows Highlight Holding Behaviour

On-chain data shows a total outflow of $1.39 million from centralised trading platforms, indicating that BONK holders are shifting their preference toward long-term storage over active trading.

This shift means fewer coins are available on exchanges, which lowers selling pressure and makes it more likely that prices will keep going up.

In the past, big exchange outflows like this usually happened during strong price rallies, as holders expected prices to rise even more.

On the other hand, this behaviour agrees with the overall sentiment observed across derivatives, where traders are aiming for more positive price action.

BONK on the Rise: 12% Surge Signals More Upside Ahead 3

Short Squeeze Risk Grows with Clustered Positions

At present, BONK’s price action is entering an essential liquidity zone, where short interest is heavily concentrated between $0.01520 and $0.01650.

As the price rises, short positions are at risk of being forced to sell, which could cause more buying and lead to a bigger price surge.

The liquidation map shows that traders using high leverage, especially 10x and 25x, are most at risk in this area.

If the momentum remains strong and triggers large-scale liquidations, BONK could break past $0.00001900 quickly, triggering rapid progress toward the $0.00003257 target.

BONK on the Rise: 12% Surge Signals More Upside Ahead 4

This configuration generates a self-reinforcing loop where increasing prices fuel additional buying triggered by forced sell-offs.

Summary:

BONK’s price rise is backed by increasing interest in the market, positive funding rates, strong outflows from exchanges, and pressure building on short positions.

These factors suggest that the price is gaining bullish momentum. If the $0.00001900 level becomes support, BONK could rise further toward the $0.00003257 target in the upcoming few days.

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Friday, April 25, 2025

DOGE Bulls Are Looking for a Reversal – Bottom Is In?

Main Takeaways:

DOGE is presently building upward strength after testing a significant support level at $0.115.
The meme coin’s increasing funding rate shows that more traders are becoming interested in it and are betting on its price going up.

Dogecoin (DOGE) is indicating early signals of a possible trend shift after weeks of volatile and bearish market behaviour.

The top memecoin recently returned to an important support level that had helped drive its price rise after a period of sideways trading, just before the last big price surge.

DOGE Bulls Are Looking for a Reversal - Bottom Is In? 1

The buying pressure from the order block caused DOGE to rise sharply by around 34% before the price dropped. Since it tested that level on the weekly chart, DOGE has been steadily gaining in value.

According to this recovery from this crucial zone, investors believe it has not only rebuilt trust but has also generated new momentum-driven demand.

With this bounce from this critical zone, holder confidence has not only been restored, but it has also attracted new momentum-driven interest.

This quick rebound is a strong technical sign, it is often seen as a sign that there is strong buying interest.

DOGE Market Shows Bullish Momentum

The price rally is supported by the memecoin’s Weighted Funding Rate, which has been following an interesting pattern. Over the past three days, the Funding Rate has been steadily going up.

This indicates that more market users are ready to pay extra to maintain their long positions open in the expectation of additional price growth.

DOGE Bulls Are Looking for a Reversal - Bottom Is In? 2

The surge in DOGE’s financing rate always indicates a positive mood in the futures exchange, and also a change in attitude, from being cautiously hopeful to being more confident in buying.

In most cases, increasing financing rates, combined with price increases, show that buyers are gaining momentum and short traders are withdrawing from market fluctuations.

Memecoin Momentum: What Could Happen Next?

Even with a strong beginning, DOGE investors need to track whether bulls can keep control. A drop in volume or a drop in the Funding Rate could suggest that the bulls are losing interest.

On the other hand, if Dogecoin continues to stay above the demand area while rising consistently, the reversal scenario gains more significance.

Overall, DOGE looks to be at a crucial changing point. The upcoming few days will be essential in establishing whether this is a steady trend shift or only another temporary rally.

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Ethereum to Reach $5K Before 10-Year Anniversary, Says Justin Sun

Main Takeaways:

Justin Sun, founder of Tron, expects Ethereum (ETH) will reach $5,000 before its 10th anniversary in July 2025.
His birthday is on the same day Ethereum was launched, July 30, 2015. He mentioned this to point out the big celebrations that the Ethereum Foundation is planning around the world.
Ethereum is presently trading below $1,800, and while enthusiasm increases, scalability issues and costly transaction fees remain a concern.

Tron founder Justin Sun expects that Ethereum could reach $5,000 in months. He shared his thoughts amid the Ethereum community, setting the stage to celebrate the 10th anniversary of the ecosystem in July 2025.

The price expectation has sparked excitement and talks in the crypto market, especially as Ethereum is presently trading under $2,000.

Justin Sun expressed his views on X (formerly Twitter). He mentioned a personal relationship; his birthday occurred on July 30, on the same date Ethereum was launched in 2015.

Sun used that opportunity to team up with the Ethereum Foundation to promote the upcoming worldwide celebration. The Foundation mentioned that there will be meetups around the world, both big and small. People and groups can organise their own local events.

Sun Charts’ Aggressive Path to Increase Ethereum’s Worth

Sun not only made a bold prediction about the price but also provided a clear strategy that could help Ethereum reach $5,000 quickly.

He was the first to propose that the Ethereum Foundation stop the ETH sale for a minimum of three years. He explained that this would reduce the amount of ETH available and encourage people to hold onto their tokens for a longer time.

Sun recommended using a lending and staking system like AAVE to cover the foundation’s expenses without selling ETH. He assumed that this would provide advantages to the fund operations while ensuring Ethereum’s supply remains stable.

He also recommended shifts within the Ethereum Foundation itself. Sun thinks the team should be smaller, focusing on keeping the top developers and paying them more. He believes this would lead to better work and a stronger Ethereum ecosystem.

Ethereum Sets the Stage for Future Expansion

Ethereum is the second-largest cryptocurrency by market value. It is the network for thousands of decentralised platforms and has created smart contracts as the worldwide standard.

Despite it being successful, Ethereum has had its share of critics over the years. High gas charges are a generally criticised problem, as well as long transaction delays and a lack of capacity to scale.

A future upgrade called Pectra in May 2025 could improve the process. The upgrade is expected to lower transaction fees and make it easier to enforce contracts across the network.

According to CoinMarketCap, at present, Ethereum is trading at around $1,771. The whole market will be interested to observe if the new factors and a new world will lead to the growth Sun is talking about.

Sun’s support for Ethereum is especially interesting because he is the founder of Tron (TRX), which is observed as a competitor to Ethereum. Still, he keeps his ETH and regularly speaks positively about Ethereum’s progress.

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Thursday, April 24, 2025

China Says No Tariff Talks Are Happening with US – Another Dump Coming?

Main Takeaways:

Trump declared that he is negotiating a deal with China, but the country has denied his statements.
A communications officer for China’s Ministry of Commerce said that the things being said about progress in China-U.S. trade talks are not true and have no real proof.
A communications officer for China’s Ministry of Foreign Affairs mentioned that China and the U.S. had not started tariff discussions, not to mention reaching an agreement.

According to the reports, President Donald Trump said that the U.S. and China were trying to settle the tariff dispute, but Beijing rejected his statements. On April 24, China said it had not had trade talks with the U.S., even though Trump kept saying there had been discussions.

BREAKING: China calls Trump’s claims that the two nations have been talking about a trade deal, “fake news”.

China says there are NO ongoing talks with the U.S. and they have just called for the U.S. to cancel unilateral tariffs.
— Brian Krassenstein (@krassenstein) April 24, 2025

A communications officer for China’s Ministry of Commerce, He Yadong, said that any statements about the progress of China-U.S. trade talks were baseless and have no real proof. A communications officer for China’s Ministry of Foreign Affairs, Guo Jiakun, also admitted that China and the U.S. had not yet held discussions or talks on levies, not to mention reaching an agreement.

Beijing Dismisses Claims of Ongoing Trade Talks with U.S.

China has rejected President Donald Trump’s statements that the U.S. and China were at the negotiations aimed at resolving the trade dispute. He Yadong, a communications officer for China’s Ministry of Commerce, noted that Trump’s statements regarding the progress of China-U.S. trade talks were baseless and have no real proof.

Donald Trump said that he intended to be kind to finalise an agreement, as Washington talks it with Beijing this week. The President said the 145% tax on Chinese goods is “too high” and promised it would “go down a lot.”

On Thursday, another Chinese official rejected the President’s claims and said China was willing to negotiate only if certain conditions were met. Jiakun pointed out that China’s position is clear: if the U.S. wants to fight, China will fight back, but if they want to talk, China is open to discussions.

“China and the United States have not had talks or discussions about tariffs, much less come to an agreement.”

-Guo Jiakum, communications officer for China’s Ministry of Foreign Affairs.

Even though China said talks were not happening, Trump kept saying they were during a short chat with reporters on Thursday, while standing with Norway’s prime minister. He said there was a meeting that morning and said it did not matter who “they” were. Trump also said he would talk more about the meeting later and made it clear that “we have been meeting with China.”

Washington imposed the highest tariffs on China compared to any other country, and the nation has returned 125% on American imports. It was also mentioned on Wednesday that the Trump administration was thinking about removing the tariffs to 50 percent.

Trade War Between U.S. and China Sparks Market Instability

U.S. businesses are dealing with higher import costs, while Chinese exports are decreasing because of lower demand from the U.S. The world hoped for a decrease in the trade war, which led to a rise in the stock market on Wednesday.

Stock futures dropped sharply on Thursday morning after investors received conflicting comments from Washington and Beijing. Gaurav Mallik, chief investment officer of Massachusetts-based Pallas Capital Advisors, thinks that the market will experience some ups and downs until a more stable solution is found for the tariff negotiations.

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SUI Surges 26% to $2.80 as LOFI and BLUB Memecoins Fuel Network Hype

Main Takeaways:

SUI network transaction turnover increased by 180% during a surge in memecoin activity.
Network activity has increased since the 20th of April, driving SUI’s price toward $3.

The Sui [SUI] network observed rapid growth as trading volumes surged 180% ($3.8 billion) during a surge in memecoin activity.

Many of the memecoins in the network rose by double or triple digits in the last 24 hours of trading.

Such as Tardi [TARDI] and Agent S [AGENTS] surged 124% and 100%, respectively. Others like BLUB and LOFI recovered 42% and 12%.

Collectively, the network market cap surged 28% to $12 billion, highlighting the huge interest from traders buying and selling on the blockchain.

Sui DEX Volume Surges to New Heights

According to DeFiLlama, the growing interest was supported by increased activity on the network. In the last 24 hours, SUI’s DEX (decentralised exchange) trading volume surged 30% to $549 M.

Actually, this has been happening since April 20th. On Monday, the DEX volumes spiked to $327 million and reached $549M at the height of Tuesday’s market jump.

SUI Surges 26% to $2.80 as LOFI and BLUB Memecoins Fuel Network Hype 1

At the time of reporting, the volume has surged to $772 million, reinforcing the speculative excitement within the network. Collectively, the Sui chain observed $2.5 billion worth of tokens traded in the last week.

As a result, this led to more users (active addresses) and a higher demand for SUI, the main token of the network. AMBcrypto looked into how these factors might have helped SUI’s price rise in the last two days.

Artemis data showed that the SUI price increase from $2.1 since mid-April matched a big rise in daily active addresses (yellow) and DEX trading volumes (cyan).

Even though active addresses hit 1.7 million on April 20th, the increasing DEX volumes helped push SUI even higher to $2.7 by April 22nd.

Surprisingly, volumes surged to $777 million on Wednesday, happening alongside a sustained surge to $2.9. Ergo, DEX volumes pushed the rally forward. So, what’s coming up for the altcoin?

On the 24-hour price graph, SUI surged 26% in the last 24 hours and targeted the $3.5 level. Despite that, it had cleared the upward barriers at $3 and $3.1.

Also, the daily RSI got closer to the overbought area, indicating that the rally might slow down a bit before continuing the upward trend or making a small pullback.

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SOL Strategies Stock Rises 25% After Securing $500 Million to Buy Solana

Main Takeaways:

SOL plans launched with $500 million in funds raised to purchase more Solana tokens.
The company stock spiked 25% on the day of the launch.
Nasdaq-listed DeFi Development Corporation also announced Wednesday that it acquired approximately 65,305 SOL, increasing its total to 317,273 SOL.

Strategies, a financial services company on the Canadian Securities Exchange, has raised $500 million through a convertible loan to buy more Solana, increasing the growing interest from big institutions in cryptocurrency.

According to Google Finance data, after the declaration, its shares, trading under the HODL ticker, increased 25.27%, ending Wednesday’s market day at CAD 2.28 ($1.64).

According to the company’s Wednesday announcement, the contract, created with New York-based ATW Partners investment company, is said to be an innovative and the biggest funding arrangement in the Solana ecosystem.

“We are increasing our focus on our belief in Solana and our dedication to being the top platform for institutional staking,” said Leah Wald, CEO of SOL Strategies.

With the funding, the company will release $20 million in notes as the first part. The remaining $480 million is expected to be used later, depending on certain conditions.

In this new setup, the company said that interest on the notes will be paid in SOL. The amount will be based on up to 85% of the earnings made from staking the SOL that was bought using the funding and staked by SOL Strategies.

The Rise of Growing Institutional Interest

The Solana ecosystem has been steadily increasing its presence in crypto, utilising its speed and more affordability than Ethereum to drive a major memecoin trend and a rapidly growing DeFi landscape. SOL has increased 28% in price in the last two weeks; at the reporting time, SOL is trading at $150.2.

The accelerating growth is engaging major investment firms, in addition to individual investor involvement.

SOL Strategies changed its name last year from Cypherpunk Holdings, a company that used to focus on buying bitcoin and crypto-related stocks. Now, it focuses on investing in Solana (SOL). By the end of last month, SOL Strategies owned 267,151 SOL tokens.

Nasdaq-listed DeFi Development Corporation also disclosed on Wednesday that it purchased around 65,305 SOL, reaching a total of 317,273 SOL.

Defi Development said its plan for managing funds is designed to give investors a chance to profit from SOL investments while strengthening its connection with the Solana network, much like how Michael Saylor’s plan focuses on Bitcoin.

Crypto banking services provider Galaxy Digital was seen trading over $100 million in Bitcoin and ETH for an equal amount of SOL in previous weeks through Binance, Lookonchain reported.

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Russian Government Launching Exclusive Crypto Exchange for Elite Class

Main Takeaways:

A government-supported cryptocurrency exchange for rich investors will start soon.
Aiming at those with holdings above 120 million rubles.
Pay attention to trading with other countries, not buying and selling inside the country.

According to an Interfax update on April 24, the Russian Ministry of Finance and Central Bank plan to announce a cryptocurrency exchange for high-net-worth people over the next six months.

This project could improve crypto legalities and market clarity in Russia’s international trade industries, impacting rich investors except for domestic transfers.

Key Features and Market Aims of Russia’s Elite Crypto Exchange

The Russian government department and Central Bank are developing a government-supported cryptocurrency platform created for rich investors. The project goal is to approve cryptocurrency dealings as part of the experimental process. Eligible users must satisfy major financial requirements.

The exchange aims at international trade, not local transactions. It aims to improve market openness and follow the rules by bringing large crypto activities under government control and reducing unregulated trading.

JUST IN: Russia to launch crypto exchange for "super-qualified investors", RBC News reports 🇷🇺 pic.twitter.com/pa0WdaTh00
— Bitcoin Magazine (@BitcoinMagazine) April 23, 2025

Despite its importance, there are no public declarations from key government officials or crypto sector leaders about this announcement. There have been no significant responses from the global crypto community. The lack of wider discussion suggests there may be confusion or curiosity about such a big regulatory change.

Insights into Russia’s Regulated Crypto Exchange

According to the reports of CoinMarketCap, Bitcoin (BTC) is presently trading at $92,930.80, having a market value of $1.85 trillion. It holds a 63.55% market control. The 24-hour transaction volume is $37.13 billion, indicating a -32.13% shift, together with price fluctuations across different timeframes.

The Coincu research team believes that if the Russian crypto exchange can successfully control trading by wealthy investors, it could help make the market more stable. This approach might be used as a model for other countries, providing steady legal rules for the unpredictable crypto market.

Moscow and SPB Set to Launch Crypto Derivatives in 2025

The deputy director of the Finance Ministry’s financial policy department, Osman Kabaloev, said that changes could still be made after discussions with interested parties.

Investors who fail to meet these requirements may maintain access to cryptocurrency holdings. However, they can only do this through crypto-related derivatives, which do not require owning the actual coins. These products allow regular, qualified investors to profit from crypto price changes without holding the tokens themselves.

Trading platforms are preparing for this change. In March, the Moscow Exchange said it is ready to roll out crypto-related derivatives when regulators give their approval. The exchange targets to launch the presentation in 2025. SPB Exchange disclosed alike strategies. It plans to offer products connected to crypto prices to more investors after the rules are ready.

Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice and viewers should consult their financial advisors before investing.

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Wednesday, April 23, 2025

Tesla Records $125 Million in Bitcoin Losses Amid Crypto Dip

Electric car giant Tesla Inc. said on Tuesday that it lost money on its crypto investments in the first quarter, even though it did not buy or sell any Bitcoin during that time.

What happened: Tesla’s financial statement revealed $951 million in crypto assets, which dropped 11.6% from the previous quarter, based on the company’s after-hours earnings release.

The company also mentioned a loss based on the current market value of its cryptocurrency assets, which is $125 million, which rose about $347 million in the fourth quarter of 2024.

Tesla does not provide details about its cryptocurrency holdings. However, Arkham Intelligence, a company that tracks blockchain data, believes that all of Tesla’s crypto holdings are in Bitcoin, worth nearly $1.076 billion at the time of reporting. Tesla still holds the same amount of 11,509 BTC, compared to the previous quarter.

Bitcoin ended the first quarter with a decline of approximately 12%, bringing about unrealised losses for Tesla. On the other hand, with the apex cryptocurrency recovering 13% in April, its present worth, as mentioned by Arkham, was greater.

Why It Matters: With the new accounting rules for cryptocurrencies, businesses can report their holdings based on current market value and include them as part of their profit.

Tesla’s Bitcoin began its path in January 2021, at the time it initially purchased the $1.5 billion value of the leading cryptocurrency.

On the other hand, the Elon Musk-led company disclosed an income and profit drop in the first quarter, both of which were below what experts had expected.

Price Action: At the time of reporting, Bitcoin was being traded at $93,315.25, up 5.62% in the past 24 hours. Tesla’s stock went up 5.39% in after-hours trading, following a 4.60% increase to $237.97 during regular trading on Tuesday.

At the time of reporting, Tesla’s stock has a high-quality score, which reflects the company’s efficiency and financial strength. To compare, Strategy Inc. is the largest company holding Bitcoin.

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Tuesday, April 22, 2025

US-China Trade Optimism Sparks Crypto Rally: Expert Targets $95.6 K-$98.3 K for Bitcoin

Major digital assets climbed along with stocks on Tuesday, based on expectations that trade disputes between the U.S. and China could see relief.

What Happened: Bitcoin fueled the rally, crossing the $93,000 mark for the first time since the beginning of March.

The wider market joined the rally, with Ethereum, which was earlier resistant to Bitcoin’s advances, surging toward 12% in the previous 24 hours. Bitcoin’s April rise surged to 12.3%, a significant rebound from the 12% drop in the first quarter of 2025.

The rally challenged bearish positions almost as difficult as $516 million in short positions were cleared out in the past 24 hours. However, if Bitcoin dropped to $90,000, more than $677 million in bets that prices would go up could be at risk of being lost.

Bitcoin’s Open Interest Increased 12.18% in the past 24 hours to a fresh monthly peak, while assets secured in Ethereum’s futures contract surged 15%. According to the Long/Short Ratio, above 60% of Binance traders with open Bitcoin positions were betting that Bitcoin’s price would fall, rather than rise.

According to the Crypto Fear and Greed Index, the market mood sharply changed from “panic” to “optimism.” The global cryptocurrency market cap was valued at $2.92 trillion, after a surge of 5.75% in the past 24 hours.

Stocks displayed a rapid rebound on Tuesday. The Dow Jones Industrial Average surged 1,016.57 points, or 2.66%, to finish at 39,186.98. The S&P 500 climbed 2.51% to end at 5,287.76, while the tech-focused Nasdaq Composite surged 2.71% to finish at 16,300.42.

Well we are still right up against our supply zone- so can't celebrate just yet.

Really going to depend on $BTC here. A pullback soon and we will likely reject. If BTC keeps pushing however there's a chance we will get through.

Note a rejection isn't anything to be scared of-… https://t.co/mEHS6PBDZa pic.twitter.com/yliPEUsFpQ
— CrediBULL Crypto (@CredibleCrypto) April 22, 2025

The recovery happened after the U.S. Treasury Secretary Scott Bessent suggested that trade tensions with China might ease, during a JPMorgan event in Washington.

In other updates, the International Monetary Fund lowered its 2025 growth prediction for the U.S. because of Trump’s tariff policies but slightly increased its inflation forecast.

Expert Notes: Ali Martinez, a significant cryptocurrency expert, mentioned the zone between $95,600 and $98,290 as the upcoming key resistance for Bitcoin.

#Bitcoin $BTC just hit $90,000, and based on on-chain data from @intotheblock, the next key area of resistance is between $95,600 and $98,290! pic.twitter.com/tYDjUmTCfH
— Ali (@ali_charts) April 22, 2025

Another popular expert, using the name CrediBULL Crypto, warned not to celebrate too soon.

It’s really going to depend on Bitcoin. If it drops soon, we will likely see a setback. “But if Bitcoin keeps rising, there’s a chance we can move forward,” the expert said. “We are still right at our resistance level, so we can not celebrate just yet.”

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