Category: Altcoin News

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…

Coinbase distances Base from highly criticized memecoin that dumped $15M

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Crypto exchange Coinbase has distanced its blockchain network Base from a memecoin it shared that saw massive backlash after the token rapidly gained, then dropped in value by millions of dollars. Base posted to X on April 16 with an image promoting the network with its marketing tagline, “Base is for everyone,” it also shared a link to a token of the same name on Zora, a social network where users can make posts into tokens for others to speculate on. In just over an hour after it was created,…

Project 11 is offering 1 BTC to whoever cracks the longest Bitcoin key

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Quantum computing research firm Project Eleven has launched a competition to see just how much of a threat quantum computing currently poses to Bitcoin. Launching the competition on April 16, Project Eleven said it is offering 1 Bitcoin (BTC) to whoever cracks the biggest chunk of a Bitcoin key using a quantum computer within the next year.  Project Eleven said the purpose of the “Q-Day Prize” is to test “how urgent the threat” of quantum is to Bitcoin and to find quantum-proof solutions to secure Bitcoin over the long term.…

Stablecoins’ dominance due to limitations of US banking — Jerald David

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Stablecoins rose to popularity as a result of limitations in the US financial system — particularly restricted banking hours and the lack of a non-USD trading pair, according to Jerald David, president of Arca Labs. “So we start thinking about the reason why, we start talking about the nine-to-five banking hours,” David said during a panel at TokenizeThis 2025 event on April 16. The panel discussion centered on yieldcoins or, essentially, the rising of cryptocurrencies that can generate yield through holding, staking or lending, like stablecoins. “Well, nine-to-five banking hours…

Solana price is up 36% from its crypto market crash lows — Is $180 SOL the next stop?

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Solana’s native token SOL (SOL) failed to maintain its bullish momentum after reaching the $134 level on April 14, but an assortment of data points suggest that the altcoin’s rally is not over. SOL price is currently 57% down from its all-time high, partially due to a sharp decline in its DApps activity, but some analysts cite the growth in deposits on the Solana network as a catalyst for sustained price upside in the short term. Blockchains ranked by total value locked, USD. Source: DefiLlama Solana has established itself as…

Bitcoin rally to $86K shows investor confidence, but it’s too early to confirm a trend reversal

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Bitcoin (BTC) remains under pressure as macroeconomic uncertainty continues to weigh on its price action. After making a strong bounce from the local bottom near $75,000 on April 7 and 9, analysts are beginning to question whether BTC could be gearing up for a reversal of the downward trend that’s persisted since the start of the year. BTC/USD 1-day, RSI 1-week. Source: Marie Poteriaieva, TradingView For some, like the veteran trader Peter Brandt, this trendline is nothing but hopium. As he noted in his X post, “Of all chart construction,…

Fed’s Powell reasserts support for stablecoin legislation

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As digital assets gain mainstream adoption, establishing a legal framework for stablecoins is a “good idea,” said US Federal Reserve Chair Jerome Powell. In an April 16 panel at the Economic Club of Chicago, Powell commented on the evolution of the cryptocurrency industry, which has delivered a consumer use case that “could have wide appeal” following a difficult “wave of failures and frauds,” he said. Powell delivers remarks at the Economic Club of Chicago. Source: Bloomberg Television During crypto’s difficult years, which culminated in 2022 and 2023 with several high-profile…

Auradine raises $153M, debuts business group for AI data centers

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Auradine, a Silicon Valley-based startup that specializes in equipment for AI data centers and Bitcoin mining, has announced a raise of $153 million in a Series C funding round. The new capital will go to increasing the company’s product suite of infrastructure for AI and blockchain technology. The Series C round was led by StepStone Group and included participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, and others. Auradine said the round was oversubscribed but did not disclose by how much or at what valuation the funds…

Securitize manages $38B with acquisition of MG Stover admin business

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Tokenization company Securitize has expanded its digital asset operations by acquiring MG Stover’s fund administration business, in a move the company said has significantly grown its assets under management and ability to serve institutional clients. With the acquisition, MG Stover’s fund administration business has been absorbed into Securitize Fund Services, Securitize’s wholly owned subsidiary, the company disclosed.  Securitize Fund Services now manages more than $38 billion in assets across 715 funds.  Founded in 2007, MG Stover offers full-service fund administration spanning traditional financial industries like hedge funds, venture capital and…