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Cryptography News
NullTX
1w
109
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
1w
385
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
1w
302
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
1w
79
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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Coinjournal
1w
339
SEC dismisses Helium case as Trump-era crypto rules take shape
- The SEC has dismissed its case against Helium, providing legal clarity for the decentralized wireless network sector.
- The dismissal signals a shift in the SEC's enforcement strategy under the Trump administration's SEC chair Paul Atkins, who is known for his pro-crypto stance.
- While the dismissal brings clarity to the sector, compliance risks still remain for other crypto startups seeking funding.
- The SEC's approach under Atkins could embolden more crypto infrastructure firms to scale without fear of regulatory action, but gaps in regulations still persist for the decentralized infrastructure sector.
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NullTX
1w
151
Image Credit: NullTX
Rising Open Interest and Negative Funding Point to Growing Short Pressure in Select Altcoins
- A shift in derivatives market with rising open interest and negative funding rates indicates growing short pressure in select altcoins.
- Traders opening shorts with significant size suggest bearish expectations for price movements in altcoins like Zcash ($ZEC) and others.
- Zcash stands out with a substantial increase in open interest alongside a negative funding rate of -0.17% signaling heightened bearish sentiment.
- Assets like NEO and FET also show signs of potential directional stress with rising leverage and flat price action.
- Open interest for AIOT has decreased while maintaining a mildly negative funding rate, indicating reduced bearish pressure or tentative trading behavior.
- The increased one-sidedness in the derivatives market, with rising open interest and declining funding rates, suggests a market bias towards downward price movements.
- The concentration of short positions raises the risk of a potential short squeeze, leading to a sharp upward price movement as shorts are forced to cover their positions.
- Traders are advised to monitor these setups closely as they indicate potential continuation of current sentiment or a possible reversal in the market.
- Disclaimer: This summary does not constitute trading or investment advice; thorough research is recommended before engaging in cryptocurrency investments.
- Stay updated with the latest news in the Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse sectors by following @nulltxnews on Twitter.
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NullTX
1w
160
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TRON and Bitcoin Outpace Ethereum and Solana in TVL Efficiency Per Protocol
- TRON and Bitcoin lead in total value locked (TVL) efficiency per protocol, surpassing Ethereum and Solana.
- TRON network holds the top spot with an average of $131 million TVL per protocol, followed by Bitcoin at $83.4 million.
- Ethereum, despite having the most protocols, ranks third with an average of $33.7 million per project.
- Solana takes the fourth position with an average of $29.0 million TVL per protocol.
- TRON's high TVL efficiency signifies concentrated capital in a smaller number of successful protocols.
- Bitcoin's surge in TVL efficiency is attributed to the development of DeFi protocols and layer-2 solutions on its blockchain.
- Berachain shows notable capital concentration with 53 protocols averaging $48.6 million TVL each.
- Solana, despite its popularity, has lower average TVL per protocol at $29.0 million across 210 protocols.
- Ethereum's TVL per protocol is slightly above Solana, indicating challenges in capital efficiency despite significant capital deployed.
- Assessing TVL per protocol offers insights into capital efficiency, user distribution, and project success within blockchain ecosystems.
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NullTX
1w
88
Image Credit: NullTX
Smart Money Flows Back Into Memecoins as Net Inflows Turn Positive
- On April 9, 2025, smart money flow in memecoins increased significantly with positive net inflows seen in the sector, despite the overall market downturn.
- Analytics data reveals a net inflow of $1.48 million into memecoins, showcasing a bullish sentiment and active trading volume of $9.04 million.
- Tokens like Wrapped Bitcoin ($WBTC), RFC, TITCOIN, and POPCAT attracted notable inflows from experienced investors, displaying a mix of liquidity and high-risk plays.
- Meanwhile, outflows were observed in tokens like FARTCOIN, indicating profit-taking or shifting sentiments within the market.
- Despite some outflows, the overall activity suggests a cautiously optimistic outlook in the memecoin market, with traders selectively re-entering and showing interest in certain assets.
- Memecoin prices and sentiments can change rapidly; however, the current trends hint at a potential rotation of capital towards meme-able crypto assets.
- It's crucial to conduct thorough research before investing in cryptocurrencies, as market dynamics can shift quickly.
- Follow @nulltxnews on Twitter for updates on Crypto, NFTs, AI, Cybersecurity, Distributed Computing, and Metaverse news.
- Overall, the influx of smart money into memecoins on April 9, 2025, signals a growing confidence and interest in the sector amid broader market uncertainty.
- The data indicates a nuanced approach by investors, blending safer assets like WBTC with riskier memecoins, highlighting a strategic shift in portfolio allocations.
- While some tokens like TITCOIN and RFC garnered significant inflows, others like FARTCOIN experienced profit-taking outflows, reflecting varied market sentiments and trading behaviors.
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NullTX
1w
151
Image Credit: NullTX
Bitcoin Shows Resilience Amid Tariff Tensions, Eyes Next Major Breakout
- Bitcoin has shown resilience amidst tariff concerns, with over 85% of holders still profitable even at local price lows.
- A shift towards DeFi integration is observed, with over 234,000 BTC deployed on EVM chains, reflecting a desire for yield generation.
- The trend of Bitcoin in DeFi applications on Ethereum signifies cross-chain maturation and evolving utility of Bitcoin.
- By adopting yield-bearing strategies through DeFi, Bitcoin holders can generate passive income, incentivizing holding rather than selling.
- Technical analysis suggests key price levels with possible support around $69,500 and resistance near $94,500, indicating a decisive stage in Bitcoin's cycle.
- Despite outflows from Bitcoin spot ETFs potentially signaling declining institutional interest, retail and on-chain investors are absorbing selling, maintaining Bitcoin's strength.
- Amid macro uncertainty, long-term holders remain confident as on-chain data indicates consistent profitability and rising DeFi engagement across EVM chains.
- Bitcoin's ability to reclaim resistance near $94,500 could pave the way for surging towards the $100,000 mark, emphasizing the significance of support at $69,500.
- The current bullish behavior of Bitcoin in the face of market volatility suggests a potential clear path forward for the cryptocurrency amidst global economic uncertainties.
- Investors are advised to conduct thorough research before engaging in cryptocurrency trading or investments, and it is recommended to stay updated with relevant news sources.
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Coindoo
1w
41
Image Credit: Coindoo
TRON Breaks Revenue Records Amid Record Network Activity
- TRON has generated over $900 million in fees in 2021, driven by increased on-chain usage and stablecoin activity.
- TRON experienced an influx of $396 million in USDT and USDC on-chain in just one week. In addition, the network facilitated over $1.2 billion worth of USDT transfers to exchanges, highlighting its significance for stablecoin liquidity.
- TRON's stablecoin market cap has already reached $67.27 billion, indicating growing confidence in the network's infrastructure.
- With over 2.5 million active addresses, TRON ranks as one of the most engaged networks. Its high transaction throughput supports key features, such as the USDD burn mechanism, and contributes to its ecosystem's utility and growth.
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NullTX
1w
130
Image Credit: NullTX
Ethereum Whales Move 530,000 ETH as Market Nears Critical Support Zone
- Ethereum whales have moved over 530,000 ETH in the past week, indicating market pressure and long-term holders selling off.
- Despite the whale activity, Ethereum remains a strong accumulation candidate with the upcoming 2.0 upgrade potentially impacting market share.
- An original Ethereum investor sold 10,702 ETH after holding since 2016, raising questions about selling during market dips.
- Recent broad-based liquidations suggest shifting investor outlooks amid concerns of downside risks in Ethereum's near future.
- Ethereum ETFs faced continued outflows, possibly due to weakening institutional confidence or market conditions.
- Institutional investors are cautious with re-entering the crypto market, taking time to make decisions despite current market conditions.
- As Ethereum approaches a critical support zone, long-term holders selling off may present accumulation opportunities for contrarian investors.
- The next few weeks will be crucial in determining if Ethereum can hold support levels or face further price declines.
- Ethereum's foundational strength and decentralized finance applications make it an appealing long-term investment despite short-term uncertainties.
- Investors should conduct thorough research before buying cryptocurrencies or investing in any services.
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NullTX
1w
331
Image Credit: NullTX
Bitcoin Losses Shift to Older Cohorts, Indicating Broadening Capitulation
- Bitcoin's price shifts have led to a noticeable change in the pattern of realized losses, now shifting from younger to older coins.
- Previously, newer holders were more likely to realize losses, but now even mid-term holders are selling at a loss, indicating market weakness and uncertainty.
- In early 2025, losses mostly came from coins held for short durations, suggesting fear-driven reactions to price drops.
- By February 28, older holders (3 to 6 months) started bearing a significant share of losses, indicating a shift in market dynamics.
- By April 7, losses became evenly split between short-term and mid-term holders, with more long-term holders also selling at a loss.
- This broadening capitulation is seen as a potential precursor to a market bottom, with more holders choosing to secure losses rather than wait for a recovery.
- The shift in loss realization from younger to older holders could signal a nearing end to the market correction, providing a potential buying opportunity.
- It is essential to monitor how this trend of surrender among older holders progresses and its impact on Bitcoin's price in the long term.
- This data is not trading or investment advice, emphasizing the importance of conducting thorough research before investing in cryptocurrencies.
- The article highlights a significant evolution in loss realization dynamics within the Bitcoin market, reflecting changing investor behavior influenced by market conditions.
- These shifts in loss distribution and capitulation patterns offer insights into the sentiment and expectations of Bitcoin holders, potentially impacting the overall market sentiment and price movements.
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Coindoo
1w
209
Image Credit: Coindoo
New York AG Calls for Tightened Crypto Oversight at Federal Level
- New York Attorney General Letitia James has called for tightened oversight of the cryptocurrency industry at the federal level.
- She emphasized the need for a national strategy to reduce fraud, limit criminal exploitation, and stabilize the volatile and opaque market.
- James highlighted that crypto-related scams make up half of all monetary losses linked to fraud cases and result in an estimated $12 billion in damages in 2024 alone.
- Among her proposals are requirements for stablecoin issuers to be based in the U.S., intermediaries to meet registration and compliance standards, and exclusion of crypto from retirement investment products.
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12 Likes
Cryptopotato
1w
1.4k
Image Credit: Cryptopotato
Binance Continues to Lead Spot Trading Volume Despite Market Correction
- Binance, the world's largest crypto exchange, maintains its lead in spot trading volume despite a market correction.
- While spot trading volume for cryptocurrencies has declined, Binance's share of spot volume has increased.
- Binance's share of total Bitcoin spot trading volume rose from 33% to 49%, and its share of altcoin spot trading volume rose from 38% to 44%.
- Binance has become the largest liquidity venue during periods of high market volatility.
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Coinjournal
1w
339
Will Litecoin hit $100? Trump’s tariff pause, ETF hopes fuel debate
- Litecoin surged 8% to $78.04 following Trump's 90-day tariff pause, enhancing market sentiment.
- Fidelity's inclusion of IRA and high ETF approval odds reflect increasing institutional interest in Litecoin.
- Litecoin faces technical resistance at $100, with $80 as a crucial level for a potential breakout.
- Despite the optimism around Litecoin's potential surge to $100, the broader context of Trump's tariff strategy remains uncertain.
- The rally in Litecoin amidst the tariff pause suggests investor confidence in market stabilization.
- Litecoin's reputation for surviving market cycles and its utility in transactions strengthen its position.
- Fidelity's approval of Litecoin in its no-fee crypto IRA and the possibility of a Litecoin ETF spark speculation in the market.
- Technical challenges lie ahead for Litecoin, with a failed $100 resistance test in March signaling a struggle to reclaim higher levels.
- The looming $100 threshold for Litecoin presents a significant obstacle, requiring sustained buying pressure to break through.
- Balancing optimism with realism, skepticism remains about Litecoin's ability to maintain momentum and surpass the $100 mark.
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