Day: April 5, 2025

Kalshi traders place the odds of US recession in 2025 at over 61%

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Traders on the Kalshi prediction market place the odds of a US recession in 2025 at 61%, following the sweeping tariff order signed by President Donald Trump on April 2. Kalshi uses the standard criteria of a recession, two business quarters of negative gross domestic product (GDP) growth, as reported by the United States Department of Commerce. Odds of a US recession on the prediction platform have nearly doubled since March 20 and mirror the current 2025 US recession odds on Polymarket, which traders on the platform currently place at…

Key Levels To Watch For Potential Breakout

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Acting SEC chair Uyeda directs staff to review statements on investment contract framework, Bitcoin futures fund guidance

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Key Takeaways Acting SEC Chairman Mark Uyeda is reviewing past crypto regulatory statements as part of Executive Order 14192. The review aims to modify or rescind statements to align with current SEC priorities. Share this article Mark Uyeda, acting chair of the US SEC, has directed staff to review several crypto-related regulatory statements, including guidance on the investment contract analysis of digital assets and the treatment of Bitcoin futures under the Investment Company Act. Other key documents under review are crypto market disclosure letters, digital asset securities oversight, and custody…

Solana TVL hits new high in SOL terms, DEX volumes show strength — Will SOL price react?

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Solana’s native token SOL (SOL) dropped by 9% between March 28 and April 4, but several key metrics grew during the same period. Despite SOL’s price downturn, the Solana network continues to outpace competitors, maintaining its second-place position in deposits and trading volume. Traders now wonder how long it will take for SOL’s price to reflect this onchain strength. Solana outperforms rivals in TVL deposits and DEX volumes Investor’s declining interest in SOL could be linked to the April 4 staking unlock of 1.79 million SOL, worth over $200 million.…

XRP price sell-off set to accelerate in April as inverse cup and handle hints at 25% decline

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XRP (XRP) price has plunged more than 35% since reaching a multi-year high of $3.40 in January — and the downtrend may deepen in April as new bearish signals emerge. Let’s examine these catalysts in detail. XRP nears a classic technical breakdown XRP’s recent price action is flashing a classic bearish reversal signal dubbed “inverse cup and handle formation.” The inverse cup and handle is a bearish chart pattern that signals fading buyer momentum after an uptrend. It resembles an upside-down teacup, with the “cup” marking a rounded decline and…

Mixed-martial arts champion Conor McGregor launches memecoin

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Mixed-martial arts (MMA) champion Conor McGregor launched a memecoin called “REAL” on April 5, which will reportedly feature staking rewards and voting rights for token holders. Spokespeople for the project told Cointelegraph that the token was launched through a sealed-bid auction to eliminate snipers and bots hijacking the token launch and in collaboration with the Real World Gaming decentralized autonomous organization (DAO). REAL token initial allocation breakdown. Source: Real World Gaming DAO The auction will take place from April 5-6. In a statement shared with Cointelegraph, McGregor touted the launch…

Utility, volatility and longevity: Looking beyond the hype

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Opinion by: James Newman, chief corporate affairs officer at Chiliz The perception of blockchain, especially for those outside the industry, has often been driven primarily by stories of extreme volatility, bad actors and speculation.  In past months, the industry has been dominated by the narratives around the rise and subsequent fall of memecoins like HAWK, Fartcoin and LIBRA. Rewind to 2021, and lacking a genuine use case, the massive hype around non-fungible tokens (NFTs) failed to translate to long-term success, with the average NFT project today having a lifespan 2.5…

No country wins a global trade war, BTC to surge as a result: Analyst

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US President Donald Trump’s trade policies will create worldwide macroeconomic turmoil and short-term financial crises that will ultimately lead to greater adoption of Bitcoin (BTC) as a store of value asset, according to Bitwise analyst Jeff Park. Economic instability from the trade war will cause governments to adopt inflationary fiscal and monetary policies, which will further debase currencies and lead to a worldwide flight to safety in alternative stores of value, like Bitcoin, Park argued. This increased demand for BTC will drive prices much higher in the long term, the…

Smart money still hunting for memecoins despite end of ‘supercycle’

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The most successful cryptocurrency traders are still chasing quick profits in memecoins, despite signs that the broader “supercycle” for the speculative assets may be winding down. The shift follows recent disappointment tied to memecoin launches associated with US President Donald Trump. The industry’s most successful cryptocurrency traders by returns — tracked as “smart money” traders on Nansen’s blockchain intelligence platform — continue hunting for quick memecoin returns. While growing stablecoin holdings show increased caution, smart money remains open to speculative plays, according to Nicolai Sondergaard, a research analyst at Nansen.…

Bitcoin holds firm as stocks lose $5T in record Trump tariff sell-off

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Bitcoin is gaining renewed attention as a hedge against financial instability after holding relatively steady during a record-breaking stock market downturn that saw $5 trillion wiped from the S&P 500. The S&P 500 posted a $5 trillion loss in market capitalization over two days, its largest drop on record, surpassing the $3.3 trillion decline in March 2020 during the initial wave of the COVID-19 pandemic, according to an April 5 report by Reuters. The record sell-off occurred after US President Donald Trump announced his reciprocal import tariffs on April 2.…