Month: April 2025

Ethereum bulls show interest as traders’ confidence in ETH’s $1.8K level improves

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Key takeaways: Traders remain cautious about ETH’s price action, but optimistic sentiment is beginning to return. The May 7, Ethereum Pectra upgrade could boost investor sentiment, but ETH’s price action shows investors are still hesitant to open new positions. Ether (ETH) has been trading below $1,900 since March, leading investors to question whether the failed attempt to reclaim $4,000 in December 2024 signaled the end of an era for the leading altcoin. Concerns continue to mount as derivatives market data shows that professional traders remain cautious about ETH’s price outlook. …

‘Huge Shift’ in crypto firms’ compliance mindset, says Elliptic co-founder

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The crypto industry has seen a significant shift toward regulatory compliance since its early days, according to James Smith, co-founder of Elliptic, a crypto compliance firm established in 2013. “In the early days, only a few companies approached compliance in a serious way,” Smith told Cointelegraph at the Token2049 event. “Coinbase was our first customer — they knew from the start that they wanted to build their business that way. But for most others, it just wasn’t a major priority.” Elliptic co-founder James Smith at Token2049. Source: Cointelegraph That began…

‘To have freedom of money, you have to have freedom of speech’ — CZ

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Binance co-founder and former CEO Changpeng “CZ” Zhao took the stage at Token2049 in Dubai, United Arab Emirates (UAE), where he told the audience that his investment in social media platform X was aimed at protecting freedom of speech. The former Binance executive joined a fireside panel with macroeconomic analyst Raoul Pal to discuss the rationale behind his 2022 investment in X and artificial intelligence. Zhao said: “I think freedom of money is important, but to have freedom of money, you have to have freedom of speech. Freedom of speech…

Bitcoin rebounds from bearish US GDP data as dip buyers push BTC price back toward $95K

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Key takeaways: Bitcoin bulls are attacking the $95,000 level again after today’s brief US GDP-induced sell-off. Traders are semi-agnostic to negative US economic data as they expect the Federal Reserve to resume easing and rate cuts at some point in the future. Bitcoin (BTC) price knocks on the door of $95,000 after starting the NY trading session with a slight sell-off to $92,910 following alarm-raising US GDP data, which showed the economy shrank in Q1 2025. The move mirrors a similar recovery seen in the DOW and S&P 500, which bounced 0.35%…

Bloomberg Intelligence boosts Solana ETF approval odds to 90%

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Bloomberg Intelligence has boosted its estimated odds of US regulators approving a Solana exchange-traded fund (ETF) in 2025 to 90%, according to an April 30 post on the X platform.  The company also set more favorable chances of approval for other altcoin ETFs, including proposed funds holding XRP (XRP) and Dogecoin (DOGE), Bloomberg analyst Eric Balchunas said in an X post.  The estimates reflect an improved outlook from Bloomberg analysts. In a February analysis, Bloomberg pegged the odds of a Solana (SOL) ETF approval at only 70%. They ascribed a…

Coinbase files brief with US Supreme Court in support of taxpayers’ privacy

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US-based cryptocurrency exchange Coinbase has filed an amicus brief in the country’s Supreme Court in support of a taxpayer fighting the Internal Revenue Service (IRS) gaining access to his data from a digital asset platform. In an April 30 filing in the Supreme Court of the United States (SCOTUS), lawyers for Coinbase argued that a First Circuit Court of Appeals decision set a “dangerous precedent” for crypto users, potentially allowing the government to “trace users’ every crypto transaction in the past and monitor every crypto transaction in the future.” The…

Stablecoins on track for $2T market cap by 2028 — US Treasury

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US Dollar-pegged stablecoins are on track to reach an aggregate market capitalization of approximately $2 trillion by 2028, according to the United States Department of the Treasury’s Q1 2025 report. Stablecoins’ cumulative market cap currently stands at roughly $230 billion, but “[e]volving market dynamics [have] the potential to accelerate stablecoins’ trajectory to reach ~$2tn in market cap by 2028,” the Treasury said in the April 30 report.  A stablecoin is a cryptocurrency whose value is pegged to a traditional asset like the US dollar. According to the report, such tokens…

3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%

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Key takeaways: Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles. ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally. The MVRV Z-Score has entered the accumulation zone, signaling undervaluation. Ethereum’s native token, Ether (ETH), is flashing a combination of technical and onchain signals once seen in the early stages of its 2017 bull run, a cycle that produced over 25,000% gains. Dragonfly doji hints ETH bulls are regaining control Ether is flashing a rare…

CZ aims to teach 1 billion kids through Giggle Academy — Token2049

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Binance co-founder Changpeng “CZ” Zhao wants to provide free education for up to a billion children worldwide with his Giggle Academy venture, he told an audience at Token2049 in Dubai, United Arab Emirates (UAE). “In a few years, I think, I want to teach 100 million or 1 billion kids for free,” Zhao told the audience. Giggle is a free online platform that provides elementary education through gamified lessons. “With the technologies we have today, it’s not that hard to make an app that will stick, that’s educational, but also…

Bitcoin ‘aging’ chart projects sixfold BTC price rally above $350K

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Key takeaways: Bitcoin’s price increased by sixfold each time its age increased by 40%. If the pattern holds, Bitcoin could rally to $351,046 in 2025. New data highlights a historical pattern that results in Bitcoin (BTC) price increasing by sixfold. Using a logarithmic chart to illustrate the trend from 2011, the model projects BTC price to hit $351,046 in 2025. According to 21st Capital co-founder Sina, the study plots Bitcoin’s price on a log-log graph, showing a linear relationship that reflects predictable long-term growth driven by network dynamics, a behavior…