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This week’s crypto news covers Pi Network’s integration with Chainlink, Mantra’s OM token crash, Grayscale’s altcoin update, and rumors surrounding XRP and SWIFT. A weakening US dollar also boosts Bitcoin’s price.
US Treasury plans to issue over $31 trillion in bonds this year—around 109% of GDP and 144% of M2. This would be the highest recorded level of bond issuance in history. How will it impact the crypto market? Heavy supply may push yields higher, as Treasury financing needs outstrip demand. Higher yields increase the opportunity …
Crypto whales showed increased interest in Cardano (ADA), ApeCoin (APE), and Toncoin (TON) in mid-April 2025, hinting at a possible market rebound as they accumulate these altcoins.
Bitcoin's realized cap hit a record $872 billion, but slowing growth, profit-taking, and underwater short-term holders suggest the market remains risk-off.
Ethereum is under bearish pressure with growing whale dominance and falling retail presence. Price risks deepen amid weakening trend signals.
Cardano's price is under threat as short-term holders are poised to sell their profitable positions. With resistance at $0.63 and negative market sentiment, ADA's future remains uncertain.
David Silverman of Polygon Labs critiques Total Value Locked (TVL) as an incomplete metric for evaluating blockchain value and introduces Chain-Aligned TVL (CAT) as a more accurate alternative. CAT highlights assets that actively enhance a chain's ecosystem, offering deeper insights into long-term growth and user benefits.
- 03:10Burwick Law Sues Parties Involved in M3M3 Token IssuanceThe American law firm Burwick Law announced that it has joined forces with the law firm Hoppin Grinsell to file a lawsuit on behalf of investors against the Meteora platform and individuals such as Hayden Davis, Gideon Davis, CT Davis, and Kelsier. They are accused of fraud, securities fraud, and other illegal activities related to the launch of the M3M3 token on the Meteora platform. Previously, on March 18th, Burwick Law stated on social media that on behalf of its clients, it filed a lawsuit in the Supreme Court of New York against Kelsier, KIP, Meteora, and related parties, alleging misconduct in the issuance of the LIBRA token. The class action lawsuit accuses them of orchestrating an unfair token issuance, misleading buyers, and harming the interests of retail investors.
- 03:10CME Bitcoin Futures Show Divergence Between Institutional and Retail Traders, with Net Long Positions of the Latter SurgingThe Chicago Mercantile Exchange (CME) Bitcoin futures open interest suggests a shift in market dynamics, as a group of traders appears to be reducing their positions, possibly indicating a cautious stance or profit-taking after a strong rally. The data shows a divergence in the behavior of asset managers and other participants, with asset managers’ net long positions peaking at $6 billion by the end of 2024, but significantly reduced to about $2.5 billion since then. On the other hand, the "others" category (likely including retail investors and small institutions) has seen a sharp increase in net long positions, reaching approximately $1.5 billion, the highest level in over a year, indicating a renewed bullish sentiment among non-institutional market participants.
- 03:10Bitdeer: Total Bitcoin Holdings Increased to 1,212.2 CoinsNasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on the X platform, reporting that as of April 18, its total Bitcoin holdings have increased to 1,212.2 coins (note: this quantity is net holdings, excluding customer-deposited Bitcoin). Additionally, its Bitcoin mining output this week was 40 BTC, but it sold 22 BTC.