Ethereum Surges to $2,800—Driven by Leverage, Not Fundamentals, Says Matrixport
Ethereum ($ETH ) has surged to $2,800 in the past 24 hours, sparking speculation that it may soon break the $3,000 barrier. However, according to digital asset services firm Matrixport, the rally is being driven more by leveraged trading than by strong fundamental demand.
In a recent post on X, Matrixport pointed out that Ethereum’s funding rate has jumped to 13.7%, the highest level since February 2025—indicating a surge in long positions in the futures market. The firm also noted that open interest (OI) in ETH futures is nearing its December 2024 peak, reinforcing the view that the rally is speculative in nature.
“Ethereum’s current rally is not fueled by spot market buying, but by increased leverage in the derivatives market,” Matrixport stated.
Additionally, a spike in ETH call options suggests heightened bullish speculation. In comparison, Bitcoin’s recent strength appears to be supported primarily by spot market demand and ETF inflows, making its rally more fundamentally grounded.
Summary:
ETH funding rate hits 13.7%, highest since February.
Futures open interest nears all-time highs.
Rally is driven by leverage, not spot buying.
ETH options activity shows speculative interest.
Bitcoin remains spot-driven, ETH is derivatives-driven.
While the price momentum is strong, traders should be cautious—as leverage-fueled rallies often come with increased volatility and risk of sharp corrections.
Ethereum ($ETH ), the largest altcoin by market capitalization, has underperformed relative to Bitcoin ($BTC ) in recent months, falling short of long-anticipated bullish expectations. However, a shift in sentiment may be underway.
Veteran trader Peter Brandt, renowned for his five decades of market experience, suggests that Ethereum could be approaching a pivotal breakout. In a recent analysis, Brandt highlighted a key technical development: ETH has transitioned from a descending channel into a symmetrical triangle pattern — a classic formation often associated with consolidation ahead of a significant move. Brandt, who captioned his chart with the phrase “Every dog has its day – woof woof ETH,” signaled that despite his historical preference for Bitcoin and general skepticism toward Ethereum, he now sees potential for ETH to shine.
Positive Signals Beyond the Charts Adding to the optimism, Singapore-based digital asset firm QCP Capital released a report echoing a bullish outlook for Ethereum. Their analysts noted strengthening upward momentum for ETH, citing favorable macroeconomic conditions and key legislative developments on the horizon.
A central factor is the anticipated passage of the U.S. stablecoin regulatory framework known as the GENIUS Act, which QCP believes could act as a catalyst for Ethereum, given its integral role in the stablecoin ecosystem.
QCP’s report emphasized several technical and market indicators supporting bullish sentiment:
Rising implied volatility, with short-term at-the-money (ATM) options entering the 70% rangeIncreased demand for call options, reflecting optimistic positioningHigher perpetual futures funding rates, signaling a tilt toward long positionsPositive flows into Ethereum spot ETFs, suggesting growing institutional interest
"Ethereum is quietly regaining market dominance," QCP analysts noted. "Its narrative is evolving, and with supportive legislative and market tailwinds, the foundation for a sustained rally is forming."
In summary, while Ethereum has lagged behind Bitcoin for much of the current cycle, emerging technical patterns, macro conditions, and institutional signals suggest that ETH may finally be ready for a breakout moment.
Matrixport: Bitcoin’s Bullish Momentum Remains Intact Above Key Support Level
Bitcoin ($BTC ), the leading cryptocurrency by market capitalization, has recently experienced notable price fluctuations. After briefly declining to the $100,000 level, BTC rebounded to surpass $110,000 as of yesterday.
In the context of anticipated market volatility ahead of the release of the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI), analysts from digital asset investment firm Matrixport maintain a bullish outlook on Bitcoin. According to their analysis, BTC’s recent price action confirms a breakout from a symmetrical triangle formation—a technical pattern typically indicative of a continuation in the prevailing trend.
Matrixport emphasized that the breakout above the $106,000 resistance level signals renewed capital inflows into the Bitcoin market. This influx of investment, combined with a reduction in investor concerns related to potential tariff hikes, is reinforcing bullish sentiment.
Despite expectations of elevated inflation readings from the upcoming U.S. economic data, Matrixport analysts argue that Bitcoin’s upward trajectory is likely to remain intact. They assert that the resilience of the U.S. economy and improving market confidence support continued strength in BTC.
“Bitcoin has decisively broken above the $106,000 downtrend line and exited the symmetrical triangle formation, a move that points to significant new capital inflows,” Matrixport stated. “Market concerns regarding tariffs have also diminished. While May’s CPI data is expected to show higher inflation, this is unlikely to derail Bitcoin’s current momentum. As long as BTC maintains support above $105,075, the rally is projected to continue.”
This analysis suggests that the broader macroeconomic backdrop—characterized by a resilient U.S. economy and improving investor risk appetite—continues to favor Bitcoin’s bullish trend, provided key technical support levels hold.
Most-Searched Altcoins During Bitcoin’s Latest Price Surge
As Bitcoin's price soared past $108,000—closing in on its all-time high of $111,970—several altcoins gained significant traction among crypto enthusiasts. CoinGecko’s trending data reveals a list of the most searched altcoins during this rally, with a few surprising entries.
Keeta (KTA) led the pack despite having a relatively modest market cap of just $509 million. Other notable projects include Hyperliquid (HYPE), Bittensor (TAO), and Ethereum (ETH), showcasing a diverse mix of emerging and established names in the space.
Here’s a snapshot of the top trending altcoins and their market capitalizations:
Keeta (KTA) – $509 million
Hyperliquid ($HYPER ) – $12.57 billion
Bittensor (TAO) – $3.63 billion
Ethereum (ETH) – $306.32 billion
SPX6900 (SPX) – $1.25 billion
Virtuals Protocol (VIRTUAL) – $1.25 billion
Sui ($SUI ) – $11.38 billion
Fartcoin (FARTCOIN) – $1.16 billion
Bitcoin (BTC) – $2.14 trillion
Plume (PLUME) – $295 million
The sharp uptick in Bitcoin’s value seems to have sparked widespread interest in these altcoins, reflecting shifting investor sentiment and growing curiosity in niche crypto projects.
Binance has announced it will discontinue support for certain token transactions on the BNB Smart Chain (BEP-20) effective June 16. The affected tokens include:
Stafi ($FIS ) via BNB Smart Chain (BEP-20)Measurable Data Token ($MDT ) on BNB Smart Chain (BEP-20) After this date, any deposits of these tokens made via the BNB Smart Chain will not be credited to user accounts and could result in permanent loss of funds, the exchange warned.
Other Networks Remain Available
Despite the suspension, users will still be able to deposit and withdraw FIS and MDT using other supported networks. While Binance has not detailed which alternatives will remain active, users are encouraged to consult the platform’s wallet and deposit pages for the most current information. This update is part of Binance’s ongoing initiative to streamline its network infrastructure and mitigate the operational complexities and risks associated with multi-chain support. Binance strongly advises users to verify their withdrawal network settings and adjust any automated transactions ahead of the cut-off date to avoid disruptions.
Tether’s Potential IPO Valuation Could Hit $515 Billion, Says CEO Paolo Ardoino
Tether (USDT) CEO Paolo Ardoino has revealed that the company’s valuation could soar to $515 billion in the event of an initial public offering (IPO). Such a figure would place Tether among the top 20 largest companies globally, surpassing well-known giants like Costco and Coca-Cola.
While acknowledging the magnitude of this estimate, Ardoino described the projection as “a bit cautious,” especially in light of Tether’s rapidly expanding Bitcoin and gold reserves.
The potential valuation is largely derived from the market performance of Circle, a major competitor currently valued at $30 billion. Based on internal financial models, Circle is expected to reach $410 billion in EBITDA by 2025, applying a valuation multiple of 69.3.
In 2024, Tether reported a net profit of $13 billion, with $7 billion generated from U.S. Treasury bonds and repo transactions. The remaining $5 billion consists of unrealized gains on its Bitcoin and gold holdings—figures excluded from EBITDA calculations.
Looking ahead, Tether is projected to increase its USDT supply by $50–60 billion over the next year, resulting in an average supply of $170 billion. Assuming an average Federal Reserve interest rate of 4.2%, this would translate into approximately $7.4 billion in EBITDA for 2025. Using Circle’s valuation multiple, Tether’s market cap could reach the projected $515 billion.
As Dogecoin ($DOGE ) hovers near the $0.26 mark, recent whale transactions have captured the spotlight, sparking debates about the meme coin’s next move. Over the past few days, approximately 170 million DOGE (worth $40 million) shifted hands, raising questions about whether this signals volatility or a precursor to upward momentum.
Market Resilience Amid Whale Movements
Despite an 18% decline from its May 11 peak, DOGE retains a bullish structure. Analysts highlight a pattern resembling a “bull flag” – a technical setup often seen as a pause before resuming an uptrend. This formation, emerging from April’s rally, suggests the recent dip could be a natural market cooldown rather than a bearish reversal.
Price Targets and Technical Signals
Key support levels are now clustered between $0.218–$0.219, with resistance near $0.233–$0.234. A swift rebound from the $0.227–$0.228 zone indicates trader interest, though short-term fluctuations persist. Experts speculate that a breakout above $0.26 might propel DOGE toward $0.35–$0.45 within a week, translating to gains of 52%–114%.
Whales: Catalyst for Volatility or Rally?
Large-scale sales often trigger short-term price swings, but historical patterns suggest such activity can also precede rallies. With bullish technicals and positive market sentiment, some view this sell-off as whales redistributing assets ahead of potential growth.
The Week Ahead: A Pivotal Moment
Traders are closely monitoring the $0.26 threshold. A decisive break above this level could confirm renewed bullish momentum, while failure might extend consolidation. Either way, Dogecoin’s ability to maintain higher lows signals underlying strength.
Binance Unveils 19th HODLer Airdrop Initiative: Haedal Protocol (HAEDAL) Joins the Program
Leading cryptocurrency exchange Binance has announced Haedal Protocol (HAEDAL) as the latest addition to its HODLer Airdrops series, marking the 19th project in the initiative. Built on the Sui blockchain, Haedal Protocol is a liquid staking solution set to distribute 30 million HAEDAL tokens to eligible Binance users.
Airdrop Eligibility and Distribution Timeline Qualified participants include those who staked BNB through Binance’s Simple Earn (Flexible or Locked) and/or On-Chain Yields products between May 10, 2025, 00:00 UTC and May 14, 2025, 02:59 UTC. Rewards will be credited to users’ Spot Wallets at least one hour prior to the start of HAEDAL spot trading. HAEDAL Listing Details
Binance will list HAEDAL on May 21, 2025, at 18:00 UTC, offering trading pairs with USDT, USDC, BNB, FDUSD, and TRY. The token will debut with a “Seed Tag”, indicating its classification as an innovative, higher-risk asset. Deposits for HAEDAL will open two hours before trading commences. Important Note: HAEDAL is currently available on Binance’s Alpha Market but will be delisted once spot trading begins. Alpha Market transactions will not count toward Alpha Points post-delisting.
Tokenomics and Network Information Token Name: Haedal Protocol (HAEDAL) Max Supply: 1,000,000,000 HAEDAL Airdrop Allocation: 30,000,000 HAEDAL (3% of total supply) Initial Circulating Supply: 195,000,000 HAEDAL (19.5% of total) Listing Fee: Waived (0 BNB)
Additional Updates Binance confirmed it will publish an in-depth research report on Haedal Protocol within 48 hours of the listing announcement. Users are advised to monitor official channels for further details on token utility and project developments. This initiative underscores Binance’s ongoing efforts to reward loyal users while expanding access to emerging blockchain innovations. Stay tuned for real-time updates as HAEDAL goes live!
The U.S. Securities and Exchange Commission (SEC) has once again delayed its final ruling on the proposed spot $XRP exchange-traded fund (ETF) submitted by asset manager 21Shares.
Reports indicate that the regulatory agency has extended its review period for the rule change application tied to the “21Shares Core XRP Trust,” a product slated for listing on the Cboe BZX Exchange. In an official filing dated May 20, 2025, the SEC confirmed it requires additional time to evaluate the proposal, which seeks to classify the fund as a “commodity-based investment fund share” under BZX Rule 14.11(e)(4). The application, initially filed on February 6 and revised on February 12, remains under scrutiny.
Bloomberg ETF analyst James Seyffart weighed in on the delay, calling it a predictable step in the SEC’s cautious approach to crypto-related ETFs. He noted, “Further delays were inevitable here. The SEC is staring down multiple XRP-based ETP applications in the pipeline, and even under the most optimistic scenario, approval wouldn’t arrive before late June or early July. Realistically, we’re looking at Q4 2025.”
Seyffart’s comments align with broader market expectations, as regulators continue to grapple with legal clarity around XRP’s classification and broader crypto oversight. The repeated postponements highlight the SEC’s ongoing hesitancy toward cryptocurrency investment vehicles, despite growing institutional demand.
As the crypto community awaits further updates, all eyes remain on the SEC’s next move, which could set a critical precedent for XRP’s integration into mainstream financial markets.
Massive $331M Bitcoin Heist: Elderly American Targeted in Sophisticated Social Engineering Attack
In a shocking development reported by blockchain investigator ZachXBT, approximately 3,520 $BTC — valued at around $331 million — have been stolen through a sophisticated social engineering scheme. The victim has been identified as an elderly individual based in the United States.
The stolen Bitcoin has already begun moving across at least six flash exchange platforms, with large portions converted into Monero (XMR), a privacy-centric cryptocurrency. This rapid laundering process has triggered a noticeable short-term spike in XMR’s price on major markets.
Preliminary investigations suggest that the origin of the stolen funds — linked to the compromised address — exhibits highly suspicious characteristics, raising further concerns about potential prior illicit activity.
The incident highlights the growing threat posed by social engineering attacks in the crypto space, especially targeting vulnerable individuals. Analysts warn that the laundering of such a massive amount could have broader implications for both Bitcoin and Monero ecosystems in the coming weeks.
In a bold new forecast, leading research firm Bernstein has asserted that Bitcoin’s momentum shows no signs of slowing, setting an ambitious target of $1 million by 2033. The analysts, led by Gautam Chhugani, argue that the era of expecting significant price declines in Bitcoin($BTC ) may be over, as powerful institutional forces reshape the market.
According to reporting by The Block, Bernstein analysts point to an impending “supply squeeze” fueled by aggressive institutional accumulation and accelerating ETF inflows. Unlike previous cycles heavily influenced by retail sentiment, the current phase is being driven by sophisticated players entering Bitcoin at scale.
Chhugani’s team highlighted that correlations between Bitcoin and traditional asset classes have become increasingly unreliable and short-term. Instead, they advise focusing on three critical indicators: waning retail selling pressure, a rapidly expanding institutional accumulation race, and renewed strength in ETF inflows.
A recent example of this institutional fervor is the launch of Twenty One Capital, a Bitcoin treasury initiative backed by heavyweights like SoftBank, Tether, Bitfinex, and Cantor Fitzgerald. With a target of accumulating 42,000 BTC, Twenty One Capital is set to mirror the strategy employed by MicroStrategy, albeit starting with a more modest capital base. Analysts noted that Twenty One could benefit significantly from Tether’s expected $13 billion earnings from its $148 billion USDT reserves in 2024 alone. The competition among institutional players is intensifying. Bernstein’s data reveals that around 80 companies now collectively hold 700,000 BTC, roughly 3.4% of Bitcoin’s total supply. When Bitcoin ETFs and corporate treasuries are included, institutional holdings surge to approximately 9% of the total supply—a clear sign of deepening market maturity.
A U.S. Bitcoin Purchase: The Ultimate Catalyst? Bernstein analysts also floated a provocative scenario: a large-scale Bitcoin acquisition by the U.S. government. Such a move, they argue, is not yet priced into the market but could act as a massive catalyst, triggering competitive accumulation among other nation-states and pushing Bitcoin prices to unprecedented heights.
Bernstein’s Bold Price Roadmap for Bitcoin Summarizing their bullish outlook, Bernstein’s latest projections see Bitcoin reaching: $200,000 by the end of 2025$500,000 by 2029$1 million by 2033
This trajectory, analysts emphasize, will be driven by a rare combination of strong demand dynamics and Bitcoin’s inherently limited supply.
As institutional adoption accelerates and supply becomes scarcer, Bitcoin’s next chapter may well be its most transformative yet.
🚀 Binance Introduces Sign (SIGN) as the 16th Project in the HODLer Airdrop Program
Binance, the world’s largest cryptocurrency exchange, is excited to announce Sign (SIGN) as the sixteenth project in its Binance HODLer Airdrop program.
📅 Airdrop Eligibility Period
April 15, 2025 (00:00 UTC) to April 19, 2025 (23:59 UTC)
Users who subscribe their BNB to Simple Earn (Flexible or Locked) products during this period will be eligible to receive SIGN token airdrops.
The Binance HODLer Airdrop program rewards users for simply holding BNB. By subscribing to Simple Earn products, your BNB balance is captured in regular snapshots—qualifying you for exclusive token airdrops like SIGN, as well as other opportunities through Launchpool and Megadrop.
Doge coin has seen a remarkable surge in the past 48 hours, with trading volume skyrocketing to $2 billion and price doubling. The sharp move has reignited bullish chatter, with many now eyeing $10 as the next big milestone for the popular memecoin. $DOGE climbed 20% to hit $0.185, re-establishing itself as a top-tier altcoin and pushing back into the spotlight of “best crypto to buy” discussions. Fueling the rally is a broader return of risk appetite, triggered by easing tensions in the China-US trade standoff and Trump’s conciliatory stance toward the Federal Reserve. As retail capital returns to the markets, Dogecoin appears to be soaking up the flow.
Whale Activity Suggests $10 Isn’t Just a Dream While a jump to $10 would require a staggering 58x move from current levels, some believe it’s not entirely out of reach. The growing interest in Dogecoin ETFs—several of which are currently awaiting SEC approval—adds long-term credibility to the bullish case. Market optimism is being further boosted by the appointment of pro-crypto Paul Atkins as SEC Chair, reigniting speculation around ETF greenlights. On-chain analytics from IntoTheBlock show whales are already responding. Large DOGE holders are favoring Dogecoin over Bitcoin, with DOGE outpacing BTC in both major transaction volume and daily active addresses—up 41.12% and 34.91% respectively, while Bitcoin saw declines of 11.26% and 10.25%. Crypto analyst DogeCapital pointed to historical data showing that Dogecoin has consistently outperformed Bitcoin across each halving cycle.
“DOGE has led every cycle since it launched,” he wrote. “There’s no reason to expect this one will be different.”
Can Dogecoin Maintain This Momentum? Technical indicators are flashing green as DOGE inches closer to the upper boundary of a descending channel that’s defined its recent downtrend. A breakout could soon be in play, especially with the price bouncing off a long-standing support line that’s held since mid-2024. A 45% rally to $0.25 looks possible in the short term if momentum continues. Momentum indicators support the bullish thesis: the MACD just flipped positive, forming a golden cross—a classic signal of a trend reversal. Meanwhile, the RSI is climbing out of bearish territory, signaling building buying pressure. If Dogecoin can flip its 20-day SMA resistance, currently capping the rally, it may clear a path toward $0.48—representing a potential 160% upside from current levels.
New ICO Turns Heads, Targets $85B Market with AI While altcoins recover, presales have emerged as a compelling alternative, offering upside potential even in volatile conditions. One standout is SUBBD ($SUBBD), an AI-powered content platform taking on an $85 billion industry by putting power back in the hands of creators—and their fans. Unlike traditional platforms that skim up to 20% and offer limited community control, SUBBD eliminates intermediaries, giving creators full monetization rights. So far, the market has responded strongly, with nearly $230,000 raised in its first presale month. Fans benefit too—through token-gated content, exclusive perks, and early access—creating a more meaningful, direct connection between creators and their supporters.
Binance Announces New Listing: Initia (INIT) Now Available Across Multiple Platforms
Binance is expanding its support for Initia ($INIT ), integrating the token into a variety of services to boost accessibility and enhance its utility across the ecosystem. Here's a breakdown of what users can expect.
🔔 Key Launch Highlights:
🔹 Binance Simple Earn
INIT Flexible Products go live on April 24 at 15:00 (UTC).
Users can subscribe to earn rewards simply by holding INIT through Flexible Earn.
🔹 Buy Crypto
INIT will be available for direct purchase via Visa, MasterCard, Google Pay, Apple Pay, and Revolut.
Users can also use their Binance balance to buy or sell INIT through the “Buy Crypto” page.
Access will be granted within one hour of the Spot listing.
🔹 Binance Convert
INIT can be instantly swapped with BTC, USDT, and other major tokens with zero conversion fees.
This feature also goes live within an hour of INIT's Spot listing.
🔹 Margin & Futures Trading
INIT will become a borrowable asset on both Cross and Isolated Margin platforms.
INIT/USDT and INIT/USDC pairs will be available for trading starting April 24 at 15:20 (UTC).
This comprehensive launch across Binance’s ecosystem marks a major milestone for Initia, unlocking a full suite of trading, earning, and investing opportunities for INIT holders.
🚀 Can Bitcoin($BTC ) Reach $96.5K? SEC & El Salvador Spark Fresh Optimism
Bitcoin is currently hovering around $92,536, following a modest 1% dip during Thursday’s Asian session—a brief pause in what’s otherwise been a strong bullish trend. But beyond the charts, something much more impactful is unfolding.
🌎 A Landmark Collaboration: SEC & El Salvador
In a first-of-its-kind initiative, the U.S. Securities and Exchange Commission (SEC) is in early talks with El Salvador’s National Commission on Digital Assets (CNAD) to explore a cross-border crypto sandbox.
💡 What’s the goal?
To allow U.S. brokers to issue non-security tokens under El Salvador’s crypto-friendly legal framework—potentially applying for digital asset licenses outside the tight grip of traditional U.S. regulations.
👥 Backed by Key Voices
The proposal is reportedly supported by SEC Commissioner Hester Peirce, a longtime advocate for regulatory innovation in the crypto space. This collaboration reflects a growing recognition of crypto’s role as a tool of economic diplomacy.
🇸🇻 Aligning with Bukele’s Vision
This move aligns seamlessly with President Nayib Bukele’s pro-Bitcoin policies and underscores a subtle but meaningful shift in the U.S. regulatory tone—opening the door for more institutional participation in global crypto markets.
📈 Why It Matters for Bitcoin
If approved, this sandbox could unlock new avenues for token issuance—legally and internationally—potentially accelerating Bitcoin’s next major rally.
For Bitcoin, this isn’t just symbolic. It’s structural.
Expert Analysts Unpack Bitcoin's Surge and What Lies Ahead
Bitcoin ($BTC ) surged past the $94,000 mark today, pushing the total cryptocurrency market valuation close to the $3 trillion threshold—an impressive milestone reflecting renewed investor confidence.
This rally follows a significant pivot in U.S. economic policy. The Trump administration recently signaled a softer stance on monetary policy and international trade. Treasury Secretary Scott Bessent hinted at easing tensions with China, while President Donald Trump dismissed rumors of Federal Reserve Chair Jerome Powell’s dismissal and suggested potential tariff reductions on Chinese imports. These signals sparked optimism across global financial markets.
“Our fears around trade tariffs may have peaked,” said Aurelie Barthere, Chief Research Analyst at Nansen. “Investors were poised, just waiting for any indication of a policy shift.”
The crypto market responded swiftly. A major catalyst was a $554 million short squeeze, with nearly half attributed to Bitcoin. Ethereum accounted for another 25% of the total liquidations, according to BRN Chief Research Analyst Valentin Fournier.
“This breakout pushed Bitcoin beyond the critical $90,000 resistance level, now trading above $93,500,” Fournier noted in a client update. “This could mark the beginning of a new accumulation phase, with institutional interest rebounding after months of outflows.”
He also emphasized that easing trade tensions are fueling broader risk appetite, lifting equities and boosting sentiment across asset classes.
Still, analysts urge caution. While bullish momentum is clear, Fournier flagged that Bitcoin appears technically overbought, suggesting a short-term correction could be likely. Bitfinex analysts echoed the sentiment, noting that the sustainability of the rally hinges on Bitcoin holding above $90,000 with strong spot volume and balanced funding rates.
BREAKING: Donald Trump’s TRUMP Memecoin Dinner Rumors Confirmed
Recent updates have confirmed that former U.S. President Donald Trump will indeed be meeting with top holders of the TRUMP memecoin for a special dinner event.
An official registration portal has gone live on the token's website, inviting the top 250 TRUMP holders to participate in the exclusive gathering.
📈 Bitcoin($BTC ) Rallies Again — But Faces a Key Resistance Ahead
Bitcoin has once more crossed the $90,000 threshold as investor interest picks up amid growing economic uncertainty. Analysts highlight both opportunities and challenges in BTC’s current momentum.
🔍 Key Drivers Behind the Surge:
Economic Gloom Fuels Demand for Alternatives
The IMF’s April 2025 report revised U.S. growth projections down to 1.8% (from 2.7%) and raised inflation expectations to 3% (from 1.9%), prompting a shift toward non-traditional assets.
Investor Sentiment Turns Defensive
With rising concerns over global slowdown and inflation, assets like Bitcoin and gold are gaining favor as perceived safe havens.
Geopolitical & Policy Tensions Add Fuel
Patrick Liou (VP, Institutional Sales at Gemini) noted investor rotation toward Bitcoin, driven by:
Trump’s intensified rhetoric against the Fed
Ongoing tariff uncertainty post-"Liberation Day"
Weaker Dollar, Stronger Gold = Risk-Off Signals
Market behavior reflects a move away from riskier equities and toward store-of-value assets.
🧠 Analyst Perspectives:
Bitcoin’s Market Behavior is Evolving
“We’re seeing a clear decoupling from traditional markets,” says Compass Point’s Ed Engel.
BTC’s correlation with the S&P 500 is down to 0.65, compared to near-1.0 during past macro sell-offs.
Resistance Ahead
“Momentum is strong, but volumes are light,” Engel cautions.
BTC may struggle to break the $93,000 resistance level without a major catalyst (e.g., Fed policy shift, tariff resolution).
Long-Term Bullish Indicators
Institutional buying is rising Strategy-based accumulation continues Liquidity is tightening, adding to price resilience
Chiliz Prepares U.S. Comeback with Major Investment Plans
Chiliz ($CHZ ), a leading blockchain platform for sports and entertainment, is making strategic moves to re-enter the U.S. market after its 2022 exit. The company recently met with the U.S. Securities and Exchange Commission (SEC) to address regulatory concerns surrounding fan tokens.
With growing interest from major U.S. sports leagues like the NBA and NFL, Chiliz plans to invest between $50 million and $100 million in the U.S. ahead of the 2026 FIFA World Cup.
CEO Alexandre Dreyfus also met with the White House Cryptocurrency Advisory Council, signaling ongoing collaboration with U.S. policymakers. Following these developments, CHZ surged by up to 10%, reflecting renewed confidence in the project’s direction.
Chiliz’s return could mark a significant step forward for blockchain adoption in American sports and fan engagement.
🔹 Can Pi Coin Hit $100? Here’s How the Team Is Battling the Sell-Off
🔻 Pi Network’s Struggles
Pi Network (PI) is facing a tough time, with its price down 78.7% from its all-time high of $2.98. Currently trading at $0.63, the token’s steep decline is fueled by controversy, fraud allegations, and a wave of sell-offs. But could this be the turning point for Pi? Here's what the team is doing to turn the tide.
🛠️ Behind the Scenes: The Pi Core Team’s Strategy Dr. Altcoin, a well-followed crypto expert, has offered some insight into Pi Network’s plan to stabilize the situation. According to Dr. Altcoin:
"The Pi Core Team is actively absorbing the excess supply flowing into centralized exchanges (CEXs) to ease the selling pressure and stabilize the token’s price."
This behind-the-scenes move is aimed at calming the market and restoring confidence. So far, the pace of PI’s decline has noticeably slowed, and the strategy may be showing early signs of success.
⚖️ The Catch: Is It Sustainable?
While the strategy of absorbing supply is helping prevent further declines, Dr. Altcoin raises a critical point:
Pros:Eases market pressureGives the project time to regain momentumCons:The team is spending resources to keep the price stableIf resources run out or the strategy becomes unsustainable, the sell-off could resume
This makes it clear: while the team is buying PI tokens to reduce selling pressure, this approach may only be a temporary fix.
📈 Technical Outlook: Can PI Reach $0.67? Looking at price action, Pi has been consolidating around the $0.60 level and shows signs of potential growth: PI recently broke above the 21-day Exponential Moving Average (EMA) — a common bullish signal.If this trend continues, PI could rise to $0.67 as the token breaks through resistance levels.
🚫 Major Exchanges Still a Roadblock A significant reason for Pi’s inability to climb higher is the lack of listings on large centralized exchanges like Binance and Coinbase. With PI not available on these major platforms, its liquidity and visibility are severely limited, making it harder for the project to recover in a meaningful way.
🧩 Long-Term Vision: The Path to $100 While a price target of $100 may still seem like a distant dream, this strategy of absorbing supply may be laying the groundwork for a longer-term recovery. However, the project must:
Regain public trustEnsure transparency and securitySecure exchange listingsFocus on real-world utility and adoption
If the team can navigate through these challenges, a more sustainable rise could eventually follow.
💬 Key Takeaway
Pi Network’s immediate strategy to absorb excess supply is working to stabilize the price and prevent further losses. But for a true rebound — and to reach the long-discussed $100 target — the project must focus on long-term fundamentals like adoption, exchange listings, and investor trust.