Tether cross-chain stablecoin USD₮0 lands on Flare! $FLR surges 18%, is the XRP DeFi ecosystem's positive outlook brewing?
Flare announced on the evening of the 28th that the fully deployed version of Tether (USDT), USD₮0, has officially launched on Flare. Following the announcement, Flare's native token $FLR surged 18% in one hour. Flare announced on April 28 that the fully deployed version of Tether (USDT), USD₮0, is now available on Flare. USD₮0 is 1:1 pegged to USDT on Ethereum, bringing unified, capital-efficient stablecoin liquidity to Flare's growing DeFi ecosystem. USD₮0 is built using LayerZero's cross-chain fungible token (OFT) standard, allowing for secure and seamless transfers of the most widely adopted stablecoin between Flare and other blockchains—without relying on wrapped tokens or traditional liquidity cross-chain bridges.
Ethereum Dominates Solana? Community Proposal 'Gas Limit Increased by 100 Times', Theoretical TPS Surpasses 2000!
The Ethereum senior researcher's proposal EIP-9698 aims to increase the Gas limit by 100 times, with the goal to be achieved within four years. If this proposal is approved, it is expected to significantly enhance the transaction processing capacity of Ethereum's base layer to 2,000 TPS, potentially exceeding the current performance of Solana. Ethereum has recently faced serious external doubts, seemingly falling behind in competition with other application public chains. However, Dankrad Feist, a senior researcher at the Ethereum Foundation, has proposed an ambitious performance expansion plan 'EIP-9698', which aims to gradually increase the Gas limit of the Ethereum mainnet by 100 times over the next four years, from the current 36 million to 3.6 billion. If this proposal is successfully implemented, it could theoretically enhance the transaction processing capacity of Ethereum's base layer (Layer 1, L1) to 2,000 transactions per second (TPS), a performance level that has already reached twice the current competitor Solana's daily average TPS of around 1,000, sparking heated discussions within the Ethereum community.
Has Trump overreached in his clear calls? Returning to the bottom layout period, let's review the tracks worth paying attention to next.
Last night was very interesting. A certain state's Senate in the beautiful country directly criticized the understanding king, saying, 'Trump has clearly priced the presidential dinner.' The two big shots, Schiff and Warren, also called for a thorough investigation into the understanding king's encrypted accounts. But the understanding king has already played this hand in a new way. Out of a total of 1 billion Trump, he released 200 million, and recently, those holding the top 220 can participate in the private dinner operation, replicating Buffett's play style and directly pushing the price of the tokens.
The most outrageous part is that Powell suddenly hinted at allowing banks to play with Crypto, only to be confronted by lawmakers on the spot, 'What’s the difference between this and condoning a casino?' Now, old investors are watching the USDC/USDT exchange rate as a weather vane.
Doing the same thing at different times Often yields opposite results
Rebus said: When the wind comes, even pigs can fly Conversely, when the wind is gone, kites can't fly either In the wind, there is a factor of time
Buying the same coin, whether before the market starts or before the bull market ends, even at the same price, the results are different. Selling is similar. Sometimes selling one day late might cause you to miss out on 30%
Therefore, at the right time, making the right operation Requires serious consideration
Ethereum has major good news, altcoins are surging! Four meme coins are draining Bitcoin's liquidity, with potential increases exceeding 100 times!
In the big picture, betting on Ethereum's upgrade in June for interest rate cuts. Currently, all major bloggers are bearish, and this consistency is a concern. Today's market view: macro negatives are gradually being digested, and the expectation of interest rate cuts in May-June + policy implementation may drive market reversal. Looking at the daily chart, Bitcoin and Ethereum are under pressure on the daily line. Currently, the first wave of increase is nearing its end, and the best entry point for everyone is the pullback of the second wave. The long risk-reward ratio of 9.5-9.6 is not suitable; there's a high probability it will move sideways until the MACD returns to the zero axis and the RSI comes back from overbought, followed by a rally in the third wave.
Ethereum has major good news, altcoins are surging! Four meme coins are draining Bitcoin's liquidity, with potential increases exceeding 100 times! PENGU Penguin is a very strong coin team; a wave of price increase is expected in the short term. It's definitely worth paying attention to this one, as it has a future. In the past, I anticipated a price of 0.006 when it was just launched, but later, due to a poor environment, it dropped to 0.004. I didn't see it turning around, so I have been waiting until now. Trading requires patience and waiting; it has been about five months of waiting.
Dogecoin (DOGE) stages a 'Wedge Comeback'! After breaking out of the downward channel, it aims for $0.28, are retail investors in for a celebration?
Dogecoin has broken the descending wedge pattern, with a price increase of 8.4%. Attention should be paid to trend reversal signals on the two-day chart, as well as the target price level of $0.28.
On its two-day chart, Dogecoin has constructed a descending wedge pattern, showing historical bullish signs that suggest a trend reversal.
The DOGE market has demonstrated purchasing power by increasing its price by 8.4% to the current value of $0.1719.
Based on the ongoing market momentum, DOGE may reach the resistance level of $0.28, indicating a potential price increase of 63%. The attention of technical analysts on Dogecoin (DOGE) continues to heat up, as it has recently formed a descending wedge pattern within a two-day time frame. This pattern appears after a sustained price decline and is typically viewed as a signal that the market may turn bullish. Market observers have noted that Dogecoin has broken through the upper boundary of the descending wedge, which they see as an initial sign of a price breakout.
Once the market enters a bull run, there are 3 cryptocurrencies that can double anytime from 20 to 100 times!
Is Bitcoin continuing to rise or fluctuating now? First, let's look at the broader environment: the Federal Reserve has not cut interest rates and has not stopped balance sheet reduction; the macroeconomic conditions are not yet conducive to easing. Currently, Bitcoin's price fluctuations rely entirely on sentiment, which is influenced by macro policies and major events in the cryptocurrency market. For instance, the previous easing of tariffs by Trump and Powell's softer stance indeed led to a price increase. However, these news impacts are limited and can change quickly - now Trump says tariff discussions are still ongoing, and there are no other significant positives. After Bitcoin rose above 93,000, it has not been able to break through the 95,000 barrier and can only oscillate for now.
Trump's Tariff Softening, Bitcoin Breaks 93,000! If the Federal Reserve Cuts Rates in June, Altcoin Opportunities Are Coming Soon
The short-term market sentiment fluctuations and risk aversion trading frenzy triggered by Trump's tariff policy have subsided, and market volatility is gradually decreasing. On April 22, Trump publicly stated that the tariffs on U.S. imports from China are too high and is expected to significantly lower the tax rate, showing a softening of his iconic tariff policy stance.
The current CME interest rate futures market shows that investors expect the Federal Reserve to begin cutting rates in June 2025, with an anticipated three rate cuts throughout the year, each possibly 25 basis points (i.e., 0.25%). This expectation reflects the market's latest judgment on the U.S. economic outlook, Trump administration policies, and the global macro environment. If the rate cuts occur as expected, it will inject new liquidity into the market, potentially having a significant impact on risk assets such as cryptocurrencies and the stock market.
Bitcoin has started to consolidate at a high level. Is this a sideways movement instead of a drop? After surging to 94,900 yesterday, there was a subsequent pullback, briefly touching the vicinity of 91,800, which coincidentally aligns with the short-term support level of around 92,000 provided in yesterday's analysis, as well as the CME chart's gap-filling position!
In terms of price action: On a smaller scale, signs of consolidation have appeared, as it has started to range around 93,000-94,000. From the chart, there hasn't been an effective breakthrough of the upper resistance, and the lower support hasn't been broken either. Pay attention to the breakout situation in this range in the short term.
From the Fibonacci perspective, there is currently strong support around 92,000 and resistance around 96,000!
Historic 'Decoupling'! Bitcoin 'Violently Soars' Past 93,500, How High Can This Frenzy Go?
On Wednesday (April 23), the US dollar index rebounded to 99.47, gold plummeted to $3,339, and Bitcoin decoupled from gold prices, skyrocketing past $93,500. US President Trump unexpectedly shifted stance, stating he would not fire Federal Reserve Chairman Powell.
US CNBC reported that Trump stated on Tuesday that he has "no intention" of firing Powell before the end of his term next year. When asked to clarify that he was not seeking to remove Powell, Trump responded in the Oval Office: "Absolutely not, never."
This statement represents a significant shift in Trump's attitude, as he has recently intensified his attacks on Powell and refused to rule out the possibility of taking unprecedented measures to fire Powell.
PlanB blasted Ethereum as a garbage coin: The degree of centralization is far higher than Bitcoin, and it deserves to be laughed at by everyone...
PlanB, a well-known cryptocurrency analyst and developer of the Bitcoin S2F model, recently strongly criticized Ethereum on the X platform, calling it a "centralized, pre-mined, proof-of-stake (PoS)-based garbage coin with arbitrary supply changes." PlanB, a cryptocurrency analyst and developer of the Bitcoin Stock-to-Flow (S2F) model, strongly criticized Ethereum (ETH) on the social platform X on April 20. He retweeted a tweet from Ethereum founder Vitalik Buterin in June 2022 (which criticized the S2F model at the time), and used it as an opportunity to fight back against Ethereum, calling it a "centralized, pre-mined, proof-of-stake (PoS)-based, and arbitrarily changing supply schedule" garbage coin. PlanB said in the tweet:
Dogecoin (DOGE) Soars 20% in a Single Day! Key Support Level Becomes Turning Point for Market, Bull Market Engine Running at Full Speed!
Dogecoin (DOGE) suddenly skyrocketed on April 22, with the USD exchange rate strongly taking off from $0.1500, breaking through the $0.1550 mark! The current price is above $0.1580, the 100-hour moving average is firmly beneath, and the bullish army is gathering firepower, aiming at the key resistance of $0.1650! Technical Explosion Signal Golden Trend Line Appears on Hourly Chart: DOGE/USD forms strong support at $0.1590, Kraken data shows that if this 'rocket launch pad' holds, the price will soar! Fibonacci Magic in Action: The 76.4% retracement level ($0.1620) and the 50% retracement level ($0.1600) have become stepping stones for bulls, breaking $0.1640 will trigger a FOMO frenzy!
Short-term indicators for Solana suggest potential risks—reversal or pause?
Solana has broken through key resistance levels, showing strong signs indicating that bulls are starting to regain control after weeks of weakness. The overall cryptocurrency market remains turbulent, affected by ongoing macroeconomic uncertainty and escalating U.S.-China trade tensions. Despite these risks, investor sentiment seems to have slightly improved, sparking hopes that Solana and other altcoins may enter a recovery rebound. However, caution is still necessary. Top analyst Ali Martinez shared a technical signal that has dampened recent optimism—according to his analysis, Solana may be facing a short-term pullback. A sell signal has appeared on the 12-hour chart using the TD Sequential indicator, which has historically marked local tops and price exhaustion phases.
Bitcoin (BTC) breaks through $87,000, will it rise to $90,000? Are you choosing to wait and see or sticking to your position?
In the last few days, I've been studying offline all day. To be honest, studying is quite hard, but this hardship is something that must be endured. If you don't endure the hardships of learning, you'll definitely suffer in the market. Recently, the market sentiment shows that many people are bearish and have exited the market, choosing to wait and see. Are you the same? My view remains firm that the bull market will continue. Bitcoin has also provided answers and signals from the charts. In the cryptocurrency market, we all strive for long-term, stable, and continuous profits. If you haven't achieved this over a long period, there must be a problem somewhere. These specific problems will differ for each person.
Solana starts a new round of rise from the support level of $120. The SOL price is currently consolidating and may further break through the resistance level of $142. The SOL price starts to rise again, breaking through $125 and $132 against the dollar. The current price is above $130 and the 100-hour simple moving average. On the hourly chart for SOL/USD, a connecting bullish trendline is forming, with support at $137 (data from Kraken). If the resistance area of $142 is broken, the currency pair may begin a new round of upward movement. Solana price rises over 5%
XRP consolidation is about to hit the bottom, the fifth wave signals that $5.85 is coming soon!
After reaching a seven-year high in January 2025, XRP is still in a consolidation phase. During the consolidation, the price has slowly but steadily declined, dropping about 40% since then. Currently, bulls seem to have created a support level for this altcoin at $2, which remains strong even during the downturn. Therefore, the market expects the XRP price may soon hit the bottom and potentially rebound from there. The XRP price consolidation may end soon. Cryptocurrency analyst Dark Defender revealed on X (formerly Twitter) that the prolonged consolidation period of XRP's price is about to end. This analyst used monthly charts for analysis, pointing out the endpoint and bottom of XRP's price. According to him, this is actually XRP's 'final consolidation period', implying that a breakout will start from here.
Countdown to Bitcoin's $90,000 Impact! Igniting a New Trend Market!
Despite Bitcoin (BTC) showing strong weekly performance amid market volatility, it has consistently failed to reclaim the $85,000-$86,000 range. However, some analysts believe that a breakthrough of key resistance levels may be imminent. Will Bitcoin resume its bull market rebound? In the past week, Bitcoin's trading price has fluctuated between $83,000 and $86,000, recovering from a pullback below $80,000 earlier this month. Notably, this flagship cryptocurrency experienced significant volatility last week due to the ongoing trade tariff war between the U.S. and dozens of countries.