Day: April 28, 2025

Bitcoin acts like ‘store of value that it is’ amid Trump policy chaos: NYDIG

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Bitcoin is starting to act as a store of value during times of “US-risk-off” sentiment, marking a potential shift in its relationship with traditional assets, according to the New York Digital Investment Group. Bitcoin (BTC) felt “noticeably different” over the trading week ended April 25, NYDIG’s global head of research Greg Cipolaro said in an April 25 market note.  “We’ve been observing subtle shifts in its behavior over the past few weeks,” he added. “The decoupling from traditional risk assets is still very early and fragile, but for those watching…

Ethereum Price Retreats — Temporary Breather or Trend Shift?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price started a downside correction below the $1,800 level. ETH is now testing the $1,750 zone and might dip further toward $1,700. Ethereum started a downside correction and…

Nike sued for $5 million over its shutdown of NFT platform RTFKT

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Nike has been hit with a class-action lawsuit that accuses the sportswear giant of operating a rug pull for shuttering its non-fungible token (NFT) platform RTFKT in January.  A group of RTFKT users led by Jagdeep Cheema claimed in the proposed class suit filed in a Brooklyn federal court on April 25 that they suffered “significant damages” as a result of Nike touting its sneaker-themed NFTs to gain investors, then shuttering the platform. The suit claimed the NFTs were unregistered securities, as Nike sold them without registering with the Securities…

Bitcoin Price Sees Short-Term Dip — Bulls Plot Their Next Move

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin price is correcting gains from the $95,000 zone. BTC is back below $94,000 and might test the $91,200 support zone in the near term. Bitcoin started a minor…

Researcher proposes scaling Ethereum gas limit by 100x over 4 years

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The Ethereum mainnet’s gas limit could theoretically grow 100-fold and reach 2,000 transactions per second under a new Ethereum Improvement Proposal (EIP) put forward by Ethereum Foundation researcher Dankrad Feist. Feist, who had the blockchain’s “danksharding” data storage solution named after him, put forward EIP-9698 on April 27, which would introduce a “deterministic gas limit growth schedule” starting at epoch 369017, or around June 1. The proposal would gradually increase the gas limit by a factor of 10 for roughly two years, or 164,250 epochs, when one final tenfold increase…

ProShares may debut leveraged, short XRP futures ETFs as soon as this week

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Key Takeaways ProShares plans to launch three XRP futures-based ETFs, including leveraged and inverse options. The SEC has not raised objections to these funds, allowing them to proceed to market. Share this article ProShares, the top issuer of leveraged and inverse exchange-traded funds, may debut three futures ETFs tied to XRP, Ripple’s native crypto asset, as soon as April 30, according to a post-effective amended prospectus filed on April 15. The proposed products include the Short XRP ETF, offering investors the opportunity to profit from declines in the price of…

New Bitcoin price all-time highs could occur in May — Here is why

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Key takeaways: Heavy liquidations played a role in Bitcoin’s return to $95,000. Bitcoin’s weakening correlation with stocks highlights its growing independence as an asset. Bullish institutional investor positioning contrasts with retail traders’ caution, supporting a rally above $100,000. Bitcoin (BTC) gained 11% between April 20 and April 26, demonstrating resilience by holding near its two-month high around $94,000. This relief rally followed signals from the Trump administration about easing import tariffs, as well as strong corporate earnings reports. Investor confidence in Bitcoin was further boosted by a record $3.1 billion…