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Hedera's HBAR is showing signs of recovery as it attempts to break its 7-week downtrend, with traders eyeing the $0.2 target. Positive funding rates suggest a potential breakout if key resistance levels are breached.
Bitcoin’s price could reach $90,000 as China's M2 money supply surges, driving liquidity into risk assets. Despite macroeconomic concerns, analysts remain optimistic about a potential price rally.
With 100 million PI tokens set to be unlocked in April, bearish sentiment and technical indicators suggest the altcoin may revisit its all-time low of $0.40.
TAO is on a bullish run, gaining 10% and signaling further growth as it eyes resistance at $279.70. Technicals suggest more upside ahead.
Galaxy Digital’s massive ETH moves to exchanges have stirred speculation about its crypto strategy, especially after a key Ethereum expert’s exit.
The SEC’s approval of Ethereum ETF options trading marks a pivotal step for the cryptocurrency, enhancing liquidity and institutional participation. While Ethereum faces challenges like market cap size and competition with Bitcoin, this move signals significant potential for future growth.
- 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.