Day: April 17, 2025

Bitcoin online chatter flips bullish as price chops at $85K: Santiment

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The tone of Bitcoin-related social media posts has flipped to bullish according to crypto analytics platform Santiment, despite Bitcoin continuing to swing around $85,000. “Traders are showing optimism that BTC can regain $90K, which will likely be dependent on tariff and global economy news as the week progresses,” Santiment said in an April 16 X post. The last time Bitcoin (BTC) traded above $90,000 was March 6. Traders regaining confidence in Bitcoin Santiment’s social media tracker, which measures how social media users feel about crypto based on the tone of…

US court pauses 18-state lawsuit against SEC after agency’s leadership change

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A US federal judge has agreed to pause a lawsuit filed by 18 state attorneys general and the crypto lobby group DeFi Education Fund against the Securities and Exchange Commission after all parties said new SEC leadership could make the action moot. Kentucky District Court Judge Gregory Van Tatenhove ordered a 60-day stay on the case on April 16, noting a mid-March filing from the SEC that “this case could potentially be resolved” due to a leadership transition at the regulator. He added that the parties must file a joint…

Ethereum fees drop to a 5-year low as transaction volumes lull

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Transaction costs on the Ethereum network have dropped to the lowest level in five years as the amount of activity on the blockchain is in a lull, according to the onchain analytics platform Santiment. Ethereum network fees are now around $0.168 per transaction and the reduction in fees coincides with fewer people sending Ether (ETH) and interacting with smart contracts, Santiment marketing director Brian Quinlivan said in an April 17 blog post. “When many people are using Ethereum, users bid higher fees to get their transactions confirmed faster This drives…

Coinbase’s Base sparks controversy after experimental token melts down, then rockets back

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Key Takeaways Base’s tweet transformed into a tradable token that quickly became a $17 million liquidity trap. Despite controversy, Base defended the tokenization as a content creation experiment. Share this article Base dropped a vibe and accidentally launched a rollercoaster. Coinbase’s layer 2 network, Base, is sparking controversy after a piece of content it posted was auto-minted into a tradeable token via Zora. The token, which the team described as experimental, quickly moonwalked to over $17 million in market value, nosedived within hours, and then rebounded back to above $20…

Raydium debuts LaunchLab to rival memecoin maker Pump.fun

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The firm behind the Solana-based automated market maker (AMM) Raydium has launched its memecoin-making protocol, LaunchLab, which looks to compete with Pump.fun. The arrival of LaunchLab on April 16 comes a month after Pump.fun, previously a key contributor to Raydium’s revenue, severed ties with the firm by moving its token migration from Raydium’s liquidity pools to its own new decentralized exchange, PumpSwap. LaunchLab will leverage Raydium’s liquidity pools and aim to dethrone Pump.fun as the leading Solana memecoin launchpad. Raydium said LaunchLab provides memecoin enthusiasts with customizable bonding curves and…

BNB Price Eyes Breakout, But $600 Remains A Stubborn Ceiling

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

AI takes nearly 60% of global venture capital dollars in Q1: Pitchbook

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Artificial intelligence startups received the lion’s share of venture capital investments across the globe in the first quarter of 2025, according to new data from Pitchbook. “Investors still have an AI FOMO [fear of missing out] problem,” the research firm said in an April 17 report, which revealed that 57.9% of global venture capital dollars in Q1 went to AI and machine learning startups. Comparatively, the first quarter of 2024 saw just 28% of VC dollars channeled into AI startups. Pitchbook said the capital flowing into AI was even more…

XRP’s $2.00 Pivot Point—A Launchpad or Breakdown Zone?

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XRP price started a fresh decline below the $2.150 zone. The price is now consolidating above $2.00 and facing hurdles near the $2.120 zone. XRP price started a downside correction from the $2.250 resistance zone. The price is now trading below $2.10 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.130 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend losses if there is a close below the $2.00 support zone. XRP Price Faces…

4 things that could turn crypto prices around in Q2 after the ‘best worst quarter’

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Despite recent major developments in the crypto industry, the market has just posted its weakest Q1 performance in years — but a crypto analyst is pointing to several catalysts that could make Q2 more promising. “Frustrating. That’s the best word to describe the past quarter,” Bitwise chief investment officer Matt Hougan said in a recent market report, calling Q1 the “best worst quarter in crypto’s history.” Bitcoin and Ether took an unusual hit in Q1 Bitcoin (BTC) and Ether (ETH), the two largest cryptocurrencies by market capitalization, saw price declines…

Solana network inflows surge — Will SOL price follow?

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Over the past 30 days, crypto market participants have bridged more than $120 million in liquidity to Solana (SOL) from other blockchains, signaling renewed confidence in the network. Traders transferred the highest amount from Ethereum (ETH) at $41.5 million, followed by a $37.3 million influx from Arbitrum, according to data from Debridge. Meanwhile, users on Base, BNB Chain and Sonic moved $16 million, $14 million and $6.6 million, respectively. Total transferred amount from other chains to Solana. Source: debridge The return of liquidity to Solana paints a stark contrast to…