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Cryptography News
Cryptopotato
7d
186
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Pi Network (PI) Price Predictions, Important Ripple (XRP) Developments, and More: Recap April 11
- PI Network (PI) rose 8% in the last week to just under $0.60, but it remains in a downtrend on a longer timeframe. There are predictions of a possible rebound above $2.50, but the scheduled unlock of 160M tokens this month could trigger selling pressure.
- Ripple (XRP) acquired Hidden Road for $1.25B and made progress on the legal front with the SEC. XRP's price struggles to reclaim $2, while Standard Chartered predicts a massive surge to $12.50 in the next few years.
- DOGE slid 4% in the past seven days to $0.15. Whales dumped over 1.3 billion tokens earlier this week, which could lead to a further slide.
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Cryptopotato
7d
244
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Largest BTC Inflow Since 2022 Hits Accumulation Wallets: CryptoQuant
- Accumulation addresses received a massive inflow of 48,575 BTC, the largest single-day inflow since February 1, 2022.
- The inflow occurred following a sharp market dip caused by escalating trade tensions triggered by Trump's renewed tariff policies against China.
- The near-identical USD values of two massive inflows, spaced three years apart, suggest a recurring accumulation behavior during critical market moments.
- Industry leaders are optimistic about Bitcoin's future trajectory, expecting a potential surge to $250,000 and a return to new all-time highs once market volatility stabilizes.
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Coindoo
7d
352
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SEC Ends Legal Battle with Another Crypto Company
- The SEC has ended its legal battle with Helium, a crypto company.
- The lawsuit, originally filed in early 2025, was officially dismissed on April 10.
- Helium emphasized that the dismissal confirms their tokens do not fall under securities category.
- Since Trump's inauguration, high-profile crypto cases have been dropped, signaling a shift in regulatory posture.
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Coindoo
7d
282
Image Credit: Coindoo
HashKey Wins Approval to Combine Staking with Spot Ethereum ETF Offerings
- HashKey, a regulated exchange in Hong Kong, has received approval from the Hong Kong Securities and Futures Commission (SFC) to provide staking services.
- The approval allows HashKey to be a leader in offering staking services for spot Ethereum exchange-traded funds (ETFs).
- Investors will be able to access staking income via Ether ETFs and directly stake Ether through HashKey's services.
- This approval is expected to increase institutional interest in proof-of-stake assets.
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Coindoo
7d
24
Image Credit: Coindoo
North Carolina Introduces Bill to Allow Digital Assets in Tax Payments
- North Carolina has introduced the Digital Asset Freedom Act, a bill that aims to allow the use of digital assets in tax payments.
- The bill establishes criteria for eligible digital assets, including market capitalization, trading volume, proven history, security and censorship resistance, and decentralization.
- The introduction of this bill is part of North Carolina's growing efforts to integrate cryptocurrencies into its economy, with previous bills focusing on investment authority and allowing the State Treasurer to invest in Bitcoin.
- If passed, the Digital Asset Freedom Act could set a precedent for other states to regulate and integrate digital assets into their financial systems, potentially encouraging further adoption of cryptocurrencies.
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Coinjournal
7d
141
Trump to sign first crypto law? Bitcoin Pepe presale skyrockets past $6.4M
- US President Donald Trump is set to sign his first crypto-related bill into law, signaling a friendlier environment for digital assets.
- Bitcoin Pepe, a meme-driven Layer-2 project built on Bitcoin, is seeing a surge in its presale, surpassing $6.4 million.
- The new law repeals an IRS rule affecting decentralized finance platforms, with bipartisan support in Congress and backed by Senator Ted Cruz.
- The success of Bitcoin Pepe's presale, combined with regulatory improvements, suggests a more favorable regulatory environment for the crypto sector.
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Coindoo
7d
170
Image Credit: Coindoo
New Malware Targets Crypto Wallets in Rising Wave of Sophisticated Attacks
- A new malware is targeting crypto wallets in a rising wave of sophisticated attacks.
- The attack involves planting harmful code within npm libraries, which are commonly used by developers.
- The attackers tamper with the wallet interface, making it appear normal while redirecting crypto transfers to fraudulent addresses.
- This type of attack reflects a broader pattern of increasingly advanced tactics targeting crypto users.
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Coinjournal
7d
91
Solana memecoin Fartcoin doubles in value, eyes key $0.95 level
- Fartcoin (FARTCOIN), a Solana-based memecoin, has climbed over 70% so far in April to trade at $0.840, touching highs of $0.87.
- Fartcoin has outpaced rival Solana tokens such as Official Trump (TRUMP) and Bonk in real transfers.
- Fartcoin's strong rally is supported by a bull flag formation on its 4-hour chart, indicating potential for further upside towards $0.95.
- Fartcoin's trading volume has exceeded $309 million, surpassing rivals Bonk and Shiba Inu, and suggests potential for growth following a similar trajectory as Pepe (PEPE).
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Cryptopotato
7d
249
Image Credit: Cryptopotato
Vitalik Buterin Proposes Roadmap to Boost Ethereum User Privacy
- Vitalik Buterin proposes a roadmap to boost Ethereum user privacy.
- The roadmap focuses on making private transactions and anonymous onchain interactions more accessible for everyday users.
- Buterin suggests integrating tools like Railgun and Privacy Pools into wallets for a 'shielded balance' and private send options.
- He also suggests using standards such as FOCIL and EIP-7701, Trusted Execution Environments, and mixnets for improved privacy.
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Coindoo
7d
70
Image Credit: Coindoo
As Trade Wars Loom, Crypto Faces Infrastructure and Access Risks
- Escalating trade conflicts between world powers could potentially disrupt the open nature of blockchain infrastructure, putting the functioning of miners, validators, and nodes at risk.
- Rising political hostility may lead to isolated blockchain ecosystems, controlled access, and regional censorship, compromising the global utility of cryptocurrencies.
- Bitcoin, reliant on mining hardware manufactured in China, faces vulnerability to supply chain interruptions if trade routes are cut or tariffs increase.
- Governments dealing with economic instability might impose stricter capital controls, limiting access to exchanges and hindering usage of digital assets in restrictive regions.
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NullTX
7d
207
Image Credit: NullTX
Markets Surge After Trump’s Surprise Tariff Pause — Except on China
- Former President Donald Trump has halted all tariff actions for 90 days, except for China, which has caused a surge in global financial markets.
- After the announcement, Bitcoin's price jumped to $82,600, Ethereum's value increased to $1,650, and the S&P 500 stock index and the Nasdaq Composite experienced significant gains.
- However, concerns remain about the wider issue of global trade turbulence, as the 90-day tariff truce does not resolve the long-term uncertainty with China.
- The market's reaction is driven by sentiment rather than substantive change, and the possibility of the market shifting again remains high.
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NullTX
7d
107
Image Credit: NullTX
Altcoin Unlocks Near Completion: Market Still Sleeping on Fully Circulating Supply
- Many altcoins are set to unlock the majority of their tokens by the end of 2025, impacting market dynamics significantly.
- Fully Diluted Valuations (FDVs) have obscured supply-demand dynamics, but with pending token unlocks, market pricing may become clearer.
- Altcoins like Biconomy, Dodo, Gelato, Cartesi, VVS Finance, Coin98, and 1inch are close to unlocking almost all of their tokens.
- The remaining unlock percentages for these altcoins range from 3% to 8%, with different allocation plans for the unlocked tokens.
- With upcoming unlocks, altcoin projects aim to reduce supply-side risks and create more transparent market dynamics.
- Community-targeted allocations and slow unlock processes contribute to minimizing potential sell pressures in the market.
- Investors need to monitor team and foundation allocations as they may introduce risks during these token unlocks.
- As altcoins approach full circulation, the market is yet to account for the impending unlocks and their impact on pricing.
- The upcoming token unlocks present an opportunity for informed investors to capitalize on a potentially mispriced market.
- It is essential for investors to conduct thorough research before making any cryptocurrency investment decisions.
- Stay informed about the latest news in Crypto, NFT, AI, and more by following @nulltxnews on Twitter.
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NullTX
7d
382
Image Credit: NullTX
sUSD Depegs Amid Structural Transition: Synthetix Faces Critical Test
- The Synthetix protocol's asset, sUSD, has been depegging as its value drops below $0.869 and currently trades at $0.908.
- The mechanism to maintain sUSD's value is undergoing a transition, raising questions about its stability compared to traditional stablecoins.
- Synthetix founder Kain Warwick disclosed selling 90% of his ETH to increase exposure to Synthetix's native token, SNX.
- sUSD's peg stability transition includes retiring the old debt-burning model for the 420 pool to restore and maintain the peg long-term.
- Currently, surplus supply and new systems contribute to sUSD's depegging, creating downward price pressure in the market.
- In response to depegging, short-term initiatives like boosting Curve liquidity pools and the Infinex deposit campaign are being implemented.
- The team is also exploring 'snaxchain' to add utility to sUSD, aiming to stabilize its price and maintain incentives during the transition period.
- Expected announcements in the future aim to stabilize sUSD further, while Synthetix's operational transparency and flexibility set it apart.
- The depegging challenges stablecoin trust and confidence, posing a critical test for the Synthetix protocol and its users.
- Despite the structural issues, Synthetix's approach may help restore confidence in sUSD and stablecoins, emphasizing the need for stability.
- Stablecoins like sUSD rely on stability, making it crucial to address the depegging issue to regain user trust in the broader stablecoin market.
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Cryptopotato
7d
299
Image Credit: Cryptopotato
How Will Markets React to $2.2B Bitcoin Options Expiring Today?
- Around 28,000 Bitcoin options contracts with a notional value of $2.25 billion will expire today.
- The impact on spot markets is expected to be minimal as derivatives trading has been muted.
- Open interest is highest at the $70,000 strike price, with $1 billion in open contracts betting on further Bitcoin decline.
- Crypto market capitalization declined to $2.65 trillion, with Bitcoin rebounding from below $79,000 to reach $80,000.
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NullTX
7d
78
Image Credit: NullTX
Ether.fi’s eETH Dominance Grows — But Liquidity and Slashing Risks Loom
- Ether.fi has emerged as the top liquid restaking protocol in DeFi, with around 2.5 million ETH locked in.
- The flagship token eETH is a key component in DeFi strategies, particularly leveraged staking loops.
- Risks such as liquidity strains, validator behavior, and slashing on EigenLayer are major concerns for Ether.fi.
- Monitoring validator exit times can provide early indications of liquidity pressure within the Ether.fi system.
- Risk Pulse alerts and tools like the Risk Radar help in tracking and responding to liquidity issues in real-time.
- The upcoming risk of slashing on EigenLayer poses a new challenge for LRT risk management in DeFi.
- New alert systems are being developed to provide early visibility into slashing-related risks for users of Ethereum 2.0.
- Ether.fi is increasingly intertwined in complex DeFi plays, facing embedded risks that resemble traditional financial instruments.
- The success of Ether.fi in navigating risks like slashing will be crucial for the liquid restaking sector in DeFi.
- Continuous monitoring, risk assessment, and tool enhancements are essential for the evolving DeFi landscape.
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