Celsius founder faces 20 years in prison.. and the CEL currency rises by 70% Alex Mashinsky faces a sentence of up to 20 years in prison as the U.S. Department of Justice targets his role in the $7 billion Celsius network fraud scheme. Despite the legal troubles Mashinsky faces, the Celsius token (CEL) rose by 70%, now trading at $0.1507, sparking investor interest. Mashinsky's sentencing, scheduled for May 8, comes after multiple charges from the SEC, CFTC, FTC, and DoJ, with ongoing efforts to compensate victims. Alex Mashinsky faces a sentence of up to 20 years in prison as he is pursued by the U.S. Department of Justice for being the founder of Celsius and former CEO, accused of orchestrating a long-running campaign of lies and self-dealing.
Prosecutors are pushing for such a severe penalty, citing Mashinsky as an example of the consequences of misconduct in cryptocurrencies.
The United States Dominates Bitcoin Mining with 75.4% The United States dominates Bitcoin mining, representing 75.4% of the global hash rate, according to a Cambridge survey. The U.S. government promotes energy independence for Bitcoin miners, including initiatives that allow miners to build their own power plants. Despite challenges related to tariffs, analysts remain optimistic about the future of Bitcoin, expecting significant growth in the global hash rate by July 2025. According to the latest survey from Cambridge, the United States has established itself as the largest center for Bitcoin (BTC) mining in the world, representing 75.4% of the reported hash rate.
This comes at a time when the country continues to prioritize the comprehensive development of the Bitcoin mining industry.
Bitcoin ETF inflows rise while gold lags Updated by Abdulhakim Abubakr April 29, 2025, 14:03 GMT+0300 Share on Twitter Share on Email Share on Linkedin In Brief Standard Chartered expects Bitcoin to reach $120,000 in the second quarter, driven by strong inflows from exchange-traded funds and increased demand amid global market volatility. The growing popularity of Bitcoin as a hedge against traditional finance outpaces gold, with ETF inflows significantly surpassing those of gold ETFs. Standard Chartered expects Bitcoin to reach $200,000 by the end of the year and $500,000 by 2028, indicating increasing institutional confidence in cryptocurrencies.
Circle Company Obtains Preliminary License from Abu Dhabi Global Market (ADGM) to Provide Financial Services. Circle has received a preliminary license from the Abu Dhabi Global Market to operate digital financial services using the USDC stablecoin. The license is part of Circle's expansion plan in the Middle East after establishing a legal entity in the UAE in December 2024. Circle has signed a partnership with Lulu Financial to facilitate international transfers using USDC across Asia and Europe. USDC is subject to international legal regulation, which enhances user trust and allows its use in stringent regulatory environments globally. The Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) has granted a preliminary license to Circle (Circle Internet Financial Ltd.), the issuer of the USDC stablecoin, to operate as a provider of digital financial services in the UAE.
This license is a pivotal step in Circle's strategy to expand its operations in the Middle East and Africa, following the establishment of a legal entity within the Abu Dhabi Global Market in December 2024.
#XRPETFs The price of the USDT dollar today in the black market on Binance in Egypt, Algeria, Lebanon, and Iraq. Egypt records a relatively stable price for USDT on Binance supported by high demand through instant transfer platforms. In Lebanon, the price of USDT shows marginal fluctuations reflecting the market's sensitivity to any slight changes in cash supply. Iraq faces a significant gap between the official price and the price of USDT despite the central bank's interventions to stabilize the dinar. Amid ongoing monetary restrictions and economic fluctuations in several Arab countries, a wide range of citizens is turning to stable cryptocurrencies, primarily USDT, as an alternative option to secure payments and protect savings.
The Binance P2P platform is one of the most prominent meeting points for the supply and demand of these currencies, making it an unofficial mirror of the cash market movement in these countries.
NFT Strike Hits Mainstream—Lawsuits and Declining Volumes Drive Nike and Others to Retreat. Major brands like Nike, Starbucks, and DraftKings are pulling back from NFTs amid market collapse, legal risks, and consumer disappointment. Lawsuits against Nike and DraftKings highlight regulatory uncertainty and financial risks associated with unregulated non-fungible token projects. Brands are shifting towards sustainable digital assets that rely on utility, blending physical experiences with blockchain technology. After brands like Nike, Starbucks, DraftKings, Puma, and Reebok eagerly joined the non-fungible token craze, they are now scaling back or completely abandoning their projects.
This shift raises questions about the sustainability of non-fungible tokens in major industries and illustrates the challenges of integrating blockchain-based assets into long-term business strategies.
What comes after the rise of Bitcoin? Scenarios of breakout or correction at the resistance level of $95,500. Bitcoin maintains its firmness above $92,000 supported by cautious optimism, despite the risks of volatility and economic pressures. Breaking the resistance at $89,000 has paved the way for testing critical levels near $100,000, with a crucial watch on the fate of the trend. A 20% increase in open interest in Bitcoin contracts raises the likelihood of violent fluctuations due to excessive use of leverage. The success of breaking the downward channel boosts positive momentum, and breaking the resistance at $95,500 could open the way towards $100,000. The price of Bitcoin (BTC) continues to hold above the $92,000 level, showing clear signs of strength despite long selling pressures and the extended consolidation that has dominated the market over the past months. Buyers have temporarily regained control, pushing prices higher, supported by a wave of cautious optimism spreading through the markets.
However, the investment environment remains fraught with risks, amid ongoing price volatility and changing global economic conditions with rising trade tensions.
Bitcoin is testing critical levels amid rising volatility.
Bitcoin exchange-traded funds (ETFs) experienced weekly inflows of $3 billion as American investors turned to BTC. Last week, Bitcoin exchange-traded funds (ETFs) in the United States surpassed $3 billion in cumulative inflows. This pushed the assets under management of ETFs to $109 billion, with BlackRock's IBIT leading the market. Market analysts link the momentum to Bitcoin's decoupling from traditional assets such as gold and stocks. Bitcoin ETFs in the United States recorded massive inflows exceeding $3 billion last week.
This performance marks one of the strongest weeks for Bitcoin ETFs in 2025, driven by a rebound in BTC prices and renewed interest from institutional investors.
Bitcoin trading funds record the strongest six-day inflow streak.
Bitcoin exchange-traded funds (ETFs) saw weekly inflows of $3 billion as American investors turned to BTC. Bitcoin exchange-traded funds (ETFs) in the United States surpassed their cumulative inflows of $3 billion last week. This pushed the assets under management for ETFs to $109 billion, with BlackRock's IBIT leading the market. Market analysts link the momentum to Bitcoin's decoupling from traditional assets like gold and stocks. Bitcoin ETFs in the United States recorded massive inflows exceeding $3 billion last week.
This performance represents one of the strongest weeks for Bitcoin ETFs in 2025, driven by a rebound in BTC price and renewed interest from institutional investors.
Bitcoin ETFs register the strongest inflow streak for six days.
The stability of Ethereum (ETH) indicates calm before a potential major movement. Ethereum has risen by 14.5% in a week, but it faces critical resistance at $1,828 before targeting levels of $1,954 and $2,104. The cooling BBTrend from 11.83 to 8.77 indicates a potential consolidation phase as bullish momentum starts to weaken. The stability in the number of whale wallets at 5,458 suggests that key holders are waiting for a catalyst before making significant moves. Ethereum (ETH) shows signs of renewed strength, having risen by 14% over the past seven days. Despite the recent rise, Ethereum has been trading below the $1,900 mark since April 2, highlighting the importance of the upcoming key resistance levels.
Whether Ethereum can regain higher ground or faces renewed selling pressure will depend on its upcoming movements around key support and resistance areas.
Ethereum's BB trend slowdown: what does it indicate next?
Crypto whale invests over $5 million in TRUMP to secure presidential dinner invitation. Major crypto investors are aggressively buying into the TRUMP meme coin, spurred by the prospect of a private dinner with US President Donald Trump. Blockchain analyst EmberCN reported that a prominent whale reinvested early profits and additional funds, purchasing $5.73 million worth of TRUMP tokens. The TRUMP project team explained that eligibility for the dinner is based on a time-weighted leaderboard, not the raw ratings seen on public blockchain explorers. Major crypto investors are making bold moves into the TRUMP meme coin, spurred by the prospect of a private dinner with US President Donald Trump.
On April 26, blockchain researcher EmberCN noted notable whale activity around the TRUMP token.
Whale activity surges as TRUMP token holders seek presidential dinner invitations. EmberCN reported that a large investor initially made an early profit of $732,000 but chose to stay in the game rather than cash out.
Here is why Shiba Inu (SHIB) may reach its highest level in 4 years in the second quarter of 2025. Shiba Inu (SHIB) outperforms major meme coins in 2025, showing resilience despite the broader sector's downturn. A strong correlation with Bitcoin at 0.82 positions SHIB to benefit from Bitcoin's ongoing upward momentum this quarter. SHIB could rise by 182% to return to its peaks from 2021 if meme coin sentiment improves alongside a broader market recovery. Shiba Inu (SHIB) shows renewed strength, having risen over 16% during the last week of April. Despite a tough year for meme coins, SHIB has fared better than major counterparts like BONK, PEPE, and DOGE.
Its strong 0.82 correlation with Bitcoin indicates that it could benefit even more if BTC continues on its upward trend. If momentum increases, SHIB may be poised for a significant surge, potentially re-testing price levels not seen since late 2021.
SHIB holds up better than other meme coins amid market volatility $SHIB $ETH
Whales Buy Bitcoin as BTC Returns to $100,000 Bitcoin rose by 12% in seven days as whale addresses show slight accumulation, indicating increasing confidence from large holders. Technical charts, including Ichimoku cloud patterns and EMA, show strong bullish momentum with increasing volatility and buyer dominance. BTC targets the $100,000 level as a major resistance; the continuation of the rise depends on maintaining support at $92,920 to avoid a potential bearish reversal. Bitcoin (BTC) has risen by nearly 12% over the past seven days, gaining momentum as it recovers key technical levels and approaches major resistance areas. The recent price increase has been supported by a slight recovery in the number of Bitcoin whale addresses, indicating renewed accumulation by large holders. Technical indicators such as the Ichimoku cloud and EMA lines suggest a strong upward trend, with bullish formations indicating continued buyer dominance. As BTC approaches the $100,000 mark again, whale activity and chart signals will determine whether this rally has further room to continue. The subtle accumulation: What could the rising number of Bitcoin whales mean? $BTC #BTCvsMarkets
Hedera (HBAR) rises by 8% with momentum indicators flashing bullish signals. The price of Hedera (HBAR) increased by 21.7% over the week, with the BBTrend rising to 6.83, indicating increased volatility and the emergence of a strong trend. The Relative Strength Index entered the overbought territory at 73.93, suggesting a temporary rise, although strong trends can maintain such levels briefly. HBAR is approaching key resistance at $0.20 with bullish EMA alignment; a breakout could lead to $0.258, while $0.179 remains a critical support. Hedera (HBAR) is on the move, having risen over 8% on Friday and extending its gains over seven days to an impressive 21.7%. This rise comes alongside increasing momentum signals, including the rising BBTrend and RSI pushing into overbought territory. The price is also approaching a key resistance area, supported by bullish EMA alignment indicating that the upward trend may still have room to continue. What does the rising BB trend of Hedera mean? $HBAR
The world's first XRP exchange-traded fund begins trading in Brazil Brazil launches the world's first XRP exchange-traded fund, XRPH11, on the B3 exchange, marking a milestone in the cryptocurrency market. The exchange-traded fund, managed by Hashdex, targets institutional investors with 95% of assets invested in XRP, either directly or indirectly. Brazil's rapid launch in the market and swift approval contrast with the slower regulatory progress in the United States, highlighting the country's advanced position in the field of cryptocurrencies. The ETF for XRP, named XRPH11, started trading in Brazil today, making it the first product of its kind in the world. The fund, issued by Hashdex, is traded on the Brazilian B3 exchange.
Brazil also made history by approving the first Solana ETF last year. The trading volume of XRPH11 is not yet known, but it could pave the way for such approvals in the U.S. market. Launch of the XRP exchange-traded fund in Brazil
Digital currency whales bought these altcoins in the fourth week of April 2025. Whales in the cryptocurrency market showed strong accumulation of Uniswap (UNI), with a 492% increase in net inflow of large holders last week. Mantra (OM) saw whale activity after a sharp price drop, with holders accumulating 26 million OM, indicating a potential recovery. Worldcoin (WLD) saw 13 million tokens purchased by whales, increasing its chances of rising above $1 again if accumulation continues. The cryptocurrency market witnessed a notable increase in activity this week, with total market capitalization rising by 10% over the past seven days.
This rise reflects renewed interest from investors, particularly among large holders, who have strategically accumulated some altcoins.
Uniswap (UNI) The governance token of Uniswap, UNI, is one of the tokens that digital currency whales bought this week. This is evident from the net inflow of large holders, which increased by 492% over the past seven days.$UNI $OM $WLD
This Week in Cryptocurrency: Jay Clayton in the XRP Case, the Mysterious Pi Network Migration Roadmap, Zora Distribution, and More. Jay Clayton, the former chairman of the SEC and a key figure in the XRP lawsuit, has been appointed as the new acting U.S. Attorney for the Southern District of New York under President Trump's administration. Pioneers are frustrated by the mysterious mainnet migration roadmap of the Pi Network, raising concerns about its transparency and credibility. The Zora Network has dropped a billion ZORA tokens and launched on Coinbase, marking a significant milestone in the platform's growth and user engagement. A lot has happened this week in the world of cryptocurrency, indicating developments expected to continue shaping the industry. Headlines have emerged from administrative decisions, ecosystem developments, and analyses exploring market prospects. In case you missed it, here’s a summary of some of the most important developments in the cryptocurrency market this week. Jay Clayton from the XRP case has become the new attorney for the SDNY.
The price of Bitcoin could rise to $2.4 million by 2030, according to ARK Invest's new price predictions. ARK Invest now expects the price of Bitcoin to reach $2.4 million by 2030, up from its previous estimate of $1.5 million, indicating a 60% increase. The firm anticipates that Bitcoin will grow at a compound annual growth rate of 72% in the optimistic scenario, with a forecast of $500,000 in a bearish market and $1.2 million in the baseline scenario. Institutional investment, Bitcoin as a hedge, and corporate treasuries diversifying into Bitcoin are key factors driving the bullish forecasts. The ARK Invest asset manager has updated its price predictions for Bitcoin (BTC) for 2030, now expecting a bullish scenario where the price of the cryptocurrency could reach $2.4 million per coin. This represents a potential increase of over 2,400% from the current price of BTC. The update comes after the firm's previous forecast of $1.5 million. The 60% increase reflects optimism about Bitcoin's potential. Will Bitcoin rise by 2,400% by 2030? $BTC $ETH
Cardano whales start buying again as ADA price remains in a tight range at $0.7795929729 $0.63846345249 Cardano rose by 15% in a week, maintaining the bullish structure despite a decrease in volume and early signs of consolidation near key price levels. A slight increase in whale accumulation indicates renewed interest from large holders and potential support for ADA's ongoing bullish trend. ADA is trading between $0.668 and $0.709; a breakout could push towards $0.77, while the risk of a breakdown lies at a drop to $0.59. Cardano (ADA) has risen over 15% in the past week, continuing to climb despite a 27% decrease in trading volume over the last 24 hours. While momentum indicators and whale activity still lean towards the bullish side, signs of consolidation are evident as ADA trades near key support and resistance levels. Whether ADA will break upwards or pull back may depend on how it reacts to the critical range of $0.668–$0.709 in the coming days. Has Cardano's rally lost its momentum, or is it just catching its breath? Cardano's Average Directional Index (ADX) is currently at 30.17, slightly down from 32.76 yesterday after a sharp rise from 14.90 two days ago.