The post Ethereum Fees Hit 5-Year Low: Can Ether Bulls Seize the Opportunity? appeared first on Coinpedia Fintech News The Ethereum network has gradually improved in the past few years to remain competitive via its L2. ETH price has yet to invalidate the multi-week falling trend experienced in Q1. The negotiations of the global trade wars have not spared the wider crypto market, amid an ongoing capital flight to the Gold market. The significant adoption of digital assets by institutional investors and nation-states has significantly complicated the 2024/2025 cryptocurrency bull cycle. On Wednesday, Federal Reserve Chairman Jerome Powell noted that markets will record continued volatility, amid ongoing decoupling between the United States and China. Ethereum Network Ready for Bullish Sentiment According to market data from Santiment, Ethereum’s average network fees have dropped to a five-year low of about $0.168. Interestingly, the Ethereum network recorded earlier on Wednesday the cheapest daily cost of transactions since May 2, 2020. The Ethereum network has experienced significant competition from other upcoming layer one (L1) blockchains led by Solana (SOL) in the past few years. However, the Ethereum core developers, led by Vitalik Buterin, have made significant network upgrades to ensure competitiveness ahead. Since 2021, the Ethereum network has experienced a series of major upgrades, led by the London hard fork (EIP-1559), the Merge, the Dencun in 2024, and recently Pectra upgrade. As a result, the Ethereum network has become increasingly usable Key Ether Price Targets to Monitor After being trapped in a falling trend since early December 2024, Ethereum’s price has potentially hit the bottom, based on historical trends. According to crypto analyst Benjamin Cowen, Ether’s price , against the U.S. dollar, has been following a similar fractal pattern to the 2020/2021 bull cycle. $1,528.50 is a key support level for #Ethereum , where 2.61 million addresses accumulated over 4.82 million $ETH , as shown by on-chain data from @intotheblock . pic.twitter.com/HRnfADqqcR — Ali (@ali_charts) April 16, 2025 Market data from Santiment shows Ethereum price has established a robust support level about $1,528, where 2.61 million addresses accumulated over 4.82 million Ether. With the gradual recovery of Ethereum Open Futures (OI) amid notable decline in Ether YTD, a potential rebound towards $2.1k is more likely to happen.
New developments continue to come on the Ripple – SEC front. At this point, Ripple and the US Securities and Exchange Commission (SEC) filed a joint request with the US District Court last week. In their petitions, the parties requested that the ongoing appeal process regarding the XRP case be suspended. The court ruled on the joint motion, approving the SEC and Ripple’s joint motion to stay the appeal. It Has 60 Days! Former federal prosecutor James K. Filan shared on his X account that the joint request to suspend the SEC and Ripple appeal was approved. The SEC is required to file a status report within 60 days. Accordingly, the SEC has 60 days starting from April 16, 2025, to file its report explaining what happened or what will happen next. With this court decision, the appeal in the case between SEC and Ripple has now been officially stopped. #XRPCommunity #SECGov v. #Ripple #XRP The parties’ joint motion to hold the appeal in abeyance has been granted. The @SECGov is directed to file a status report within 60 days of this Order. pic.twitter.com/mUgEBaJRuU — James K. Filan (@FilanLaw) April 16, 2025 What Happened? The XRP case, which has been going on for years between Ripple and the SEC, was decided in 2023. Judge Torres ruled that programmatic XRP sales were not considered securities, while institutional sales were considered securities. Ripple was also fined $125 million. After this decision, the appeal process began. However, in mid-March, Ripple CEO Brad Garlinghouse said in a post on his X account that the SEC would withdraw its appeal. The CEO called this a great victory. Garlinghouse said in a statement that Ripple and SEC staff have reached an agreement to end the case, and as part of the agreement, Ripple will pay the SEC $50 million. Ripple will get back the rest of the $125 million it invested, including interest earned. Related News: JUST IN: SEC- Is Ripple Case Coming to an End! Ripple CEO Explained! XRP Price Started to Rise! *This is not investment advice. Continue Reading: New Development in Ripple – SEC Case! Court Accepts Request! So What Happens Next? – SEC Has 60 Days!
Key Takeaways: The new office is expected to boost collaborations with banks, asset managers, and fintech firms. DWF Labs has purchased millions of WLFI governance tokens in a private transaction. The firm said it is focused on increasing liquidity and usage for projects like the USD1 stablecoin. DWF Labs, a crypto market maker and Web3 investment firm, announced on Wednesday the opening of a new office in New York City and invested $25 million in the Trump Family backed WLFI tokens. DWF Labs Expands to the U.S. with New York Office and Strategic $25M WLFI Token Purchase We’re proud to announce our next phase of global growth with a new office in New York City. This expansion reflects our deep confidence in the U.S. as a driving force in institutional… pic.twitter.com/PPk7EQB06D — DWF Labs (@DWFLabs) April 16, 2025 In a press release , the firm said the expansion is key to strengthening its institutional partnerships and improving its presence in the world’s largest market for digital asset innovation. The firm’s decision to open a New York office is strategically designed to forge closer connections with banks, asset managers, and fintech companies exploring blockchain integration. DWF Labs Seeks to Engage More With U.S. Policymakers In addition to hiring local talent in trading, compliance, and business development, DWF Labs said it seeks to deepen its regulatory engagement with U.S. policymakers. The firm also plans to advance educational initiatives in collaboration with American colleges and universities. This move is also expected to drive liquidity and adoption for projects, such as the upcoming USD1 stablecoin, which is central to an emerging decentralized finance (DeFi) ecosystem. DWF Labs Purchases $25M Worth of WLFI Governance Tokens In a strategic private transaction, DWF Labs has purchased $25 million worth of World Liberty Financial (WLFI) governance tokens. WLFI, a decentralized finance protocol and governance platform, was inspired by President Donald J. Trump. DWF Labs said the token purchase shows its commitment to participating in WLFI governance and supporting initiatives that address real-world financial needs, with a particular emphasis on meeting the growing demand for institutional-ready stablecoins like USD1. “The U.S. is the world’s largest single market for digital asset innovation. Our physical presence reflects our confidence in America’s role as the next growth region for institutional crypto adoption,” said Andrei Grachev, Managing Partner of DWF Labs. “Moreover, the USD1 stablecoin and forthcoming global DeFi solutions align with our broader mission to improve financial services.” Grachev’s remarks emphasize that DWF Labs sees substantial opportunities in using its deep liquidity network and sophisticated algorithmic infrastructure across both centralized and decentralized trading venues. “We believe that crypto is going to transform and improve global finance, and stablecoins like USD1 will continue to be fundamental elements in the DeFi technology stack,” said Zak Folkman, co-founder of World Liberty Financial. “As our partner, we expect DWF Labs to help accelerate the next-generation infrastructure we’re actively building at WLFI.” WLFI Adds $775K in SEI Tokens to Its Portfolio In April the WLFI project added 4.89 million SEI tokens to its holdings, valued at approximately $775,000. This purchase was carried out on April 12 by one of WLFI’s trading wallets, funded with USDC transferred from the project’s main wallet. WLFI’s portfolio includes major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), along with other altcoins like Tron (TRX), Ondo Finance (ONDO), Avalanche (AVAX), and now Sei (SEI). The post Crypto Giant DWF Labs Pours $25M into Trump-Backed WLFI Tokens appeared first on Cryptonews .
As digital assets gain mainstream adoption, establishing a legal framework for stablecoins is a “good idea,” said US Federal Reserve Chair Jerome Powell. In an April 16 panel at the Economic Club of Chicago, Powell commented on the evolution of the cryptocurrency industry, which has delivered a consumer use case that “could have wide appeal” following a difficult “wave of failures and frauds,” he said. Powell delivers remarks at the Economic Club of Chicago. Source: Bloomberg Television During crypto’s difficult years, which culminated in 2022 and 2023 with several high-profile business failures, the Fed “worked with Congress to try to get a [...] legal framework for stablecoins, which would have been a nice place to start,” said Powell. “We were not successful.” “I think that the climate is changing and you’re moving into more mainstreaming of that whole sector, so Congress is again looking [...] at a legal framework for stablecoins,” he said. “Depending on what’s in it, that’s a good idea. We need that. There isn’t one now,” said Powell. This isn’t the first time Powell acknowledged the need for stablecoin legislation. In June 2023, the Fed boss told the House Financial Services Committee that stablecoins were “a form of money” that requires “robust” federal oversight. Related: Stablecoins are the best way to ensure US dollar dominance — Web3 CEO Support for stablecoin legislation is growing The election of US President Donald Trump has ushered in a new era of pro-crypto appointments and policy shifts that could make America a digital asset superpower . Washington’s formal embrace of cryptocurrency began earlier this year when Trump established the President’s Council of Advisers on Digital Assets, with Bo Hines as the executive director. Hines told a digital asset summit in New York last month that a comprehensive stablecoin bill was a top priority for the current administration. After the Senate Banking Committee passed the GENIUS Act , a final stablecoin bill could arrive at the president’s desk “in the next two months,” said Hines. Bo Hines (right) speaks of “imminent” stablecoin legislation at the Digital Asset Summit on March 18. Source: Cointelegraph Stablecoins pegged to the US dollar are by far the most popular tokens used for remittances and cryptocurrency trading. The combined value of all stablecoins is currently $227 billion, according to RWA.xyz . The dollar-pegged USDC ( USDC ) and USDt ( USDT ) account for more than 88% of the total market. Magazine: Unstablecoins: Depegging, bank runs and other risks loom
The post XRP’s Consolidation Around $2 Could Trigger a Big Move: What’s Next for XRP? appeared first on Coinpedia Fintech News XRP has regained market attention following the recent slash in Ripple’s penalty by the SEC. This has led to a rise in open interest for XRP, despite the overall market’s bearish sentiment. Several on-chain indicators have turned positive, suggesting that the current consolidation phase may be approaching its conclusion. Analysts anticipate a potential rebound in XRP’s price, led by increased accumulation around the $2 level. XRP Faces $8 Million Liquidation Amid Consolidation XRP’s price has been struggling to confirm a clear direction, as buying and selling pressure intensifies around the $2 mark. This has led to a period of strong consolidation on the price chart. Data from Coinglass shows that XRP saw total liquidations of approximately $8.07 million over the past 24 hours, with buyers taking the bigger hit, facing $6.58 million in liquidations. While sellers closed around $1.49 million in short positions. The accumulation rate is extending as analysts revealed that the accumulation phase for the XRP price has been longer than in previous cycles, indicating that the market may just be taking more time to develop. As XRP continues its consolidated momentum, whales are also increasing their holdings. This might create a strong upward push if XRP breaks above. Also read: SEC vs Ripple Update: Motion to Temporarily Suspend Appeal Granted; What Next for XRP Price? Additionally, recent positive developments regarding the SEC vs Ripple lawsuit have had a positive influence on XRP price. According to a Wednesday update from lawyer James Filan, Circuit Judge José Cabranes signed the court order on April 16, putting the appeal “in abeyance,” or on hold, by mutual agreement. On the other hand, Brad Garlinghouse said Ripple might pay its settlement with the SEC using XRP and called the lower $50 million fine a big step forward. In an April 11 interview, he pointed out that crypto rules in the U.S. seem to be improving. Ripple had put aside $125 million for the case but will now keep most of that money. As a result, the open interest jumped by 20% in five days, with the long/short ratio now at 1.1. This shows that 52% of traders expect XRP to rise. What’s Next for XRP Price? XRP price has been hovering above the descending resistance line. However, buyers are struggling to send the price above EMA trend lines. As of writing, XRP price trades at $2.07, declining over 2.1% in the last 24 hours. The 20-day EMA ($2.10) is flat, and the RSI is near neutral, signaling a balance between buyers and sellers. This hints that XRP price might continue to consolidate within a range-bound area. If the price falls below $2, bears may take control, potentially pushing XRP down to $1.62 or even $1.3. On the upside, if buyers can move the price above the 50-day SMA and hold it there, XRP could climb toward the resistance line at $2.6. However, sellers are likely to defend that level strongly, as a breakout above it could indicate a trend reversal.
VanEck, a $110 billion asset manager, has proposed the introduction of "BitBonds," a hybrid debt instrument designed to help the U.S. government refinance its $14 trillion debt over the next three years. The BitBonds would be structured as 10-year U.S. Treasury bonds with 90% exposure to traditional Treasuries and 10% exposure to Bitcoin, funded by bond sale proceeds. At maturity, investors would receive the full value of the Treasury portion plus the value of the Bitcoin allocation. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Auradine Inc., a U.S.-based manufacturer of Bitcoin mining computers and a pioneer in web infrastructure solutions including blockchain, privacy, and artificial intelligence, has raised $153 million in a Series C funding round. The financing was led by StepStone Group and included participation from investors such as Qualcomm Ventures, Mayfield Fund, Premji Invest, Samsung Catalyst, MARA Holdings, Maverick Silicon, and GS Backers. This funding round comes amid increasing scrutiny and tariffs imposed by the Trump administration on Chinese competitors, positioning Auradine to expand its operations in Bitcoin mining and AI technologies. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Solana is trading above the $125 level after bulls stepped in and reclaimed key levels, sparking optimism across the market. After enduring weeks of massive selling pressure, this recovery marks the first sign of strength from buyers since early March. Still, not all analysts are convinced this marks the beginning of a sustainable rally. While momentum appears to be shifting in Solana’s favor, some see this move as a possible bearish setup rather than a reversal. Related Reading: Ethereum Metrics Reveal Critical Support Level – Can Buyers Step In? Top crypto analyst Ali Martinez shared a cautionary view on X, suggesting that Solana might be retesting the breakout zone from a right-angled ascending broadening pattern — a structure that often precedes sharp declines. According to his analysis, if Solana fails to hold current support levels, prices below $80 could come back into play. This aligns with broader macro concerns, as global trade tensions and volatile risk markets continue to pressure crypto valuations. With both bullish enthusiasm and bearish warnings in the air, Solana’s price action in the coming days could determine whether this is a genuine recovery — or a setup for a deeper correction. Eyes are now on how SOL behaves around $125 in the short term. Solana Faces a Pivotal Test as Global Risks Rise Solana is at a crucial juncture as bulls attempt to hold the $125 level and regain momentum after weeks of aggressive selling pressure. While the recent bounce has offered short-term relief, the broader market environment remains highly unstable, making this recovery fragile. Macroeconomic uncertainty, paired with growing trade war fears, continues to weigh heavily on risk assets like Solana. The erratic tone set by US President Donald Trump, including unpredictable tariff policies targeting China and other global partners, has introduced renewed volatility across financial markets. These macro headwinds are colliding with technical pressure in Solana’s chart. Martinez shared a bearish scenario, noting that Solana could be retesting the breakout zone from a right-angled ascending broadening pattern. Historically, this pattern often signals the potential for sharp reversals. According to Martinez, if Solana fails to hold above key support, the price could plunge toward $65 — a level not seen since late 2023. The $125 zone now acts as a make-or-break level for bulls. Reclaiming higher resistance at $135–$145 would be necessary to shift sentiment and spark a full recovery rally. However, failure to hold current levels could result in a steep decline as panic returns to the market. Related Reading: Dogecoin Whales Buy 800 Million DOGE in 48 Hours – Smart Money Or Bull Trap? SOL Price Faces Key Resistance After $136 Rejection Solana (SOL) is currently trading at $125 after facing a clean rejection at the $136 resistance level earlier this week. The failure to break through this short-term ceiling has paused the bullish momentum, placing bulls in a vulnerable position as they try to defend recent gains. To regain control and signal a clear reversal, SOL must reclaim the $136 level with conviction and continue climbing toward the $150 mark — a zone that aligns with key daily resistance and short-term liquidity. Reclaiming both levels would signal strong market confidence and could set the stage for a sustained rally, possibly retesting April highs. However, without that upside push, the risk of deeper downside grows. Market volatility remains high, fueled by global macroeconomic tensions and uncertainty around US-China trade developments. These factors are still weighing heavily on sentiment, particularly among altcoins like Solana. Related Reading: XRP Tests Ascending Triangle Resistance – Can Bulls Reach $2.40 Level? If SOL continues to struggle below $136 and fails to attract enough buying pressure, a breakdown toward the $100 mark becomes increasingly likely. That level has previously served as a psychological support zone and could attract renewed interest — but only if broader market conditions stabilize. For now, SOL remains in a delicate, high-stakes trading zone. Featured image from Dall-E, chart from TradingView
Bitwise, one of the biggest issuers of crypto-based ETP and ETF, added London as the stage for four of its European products. All products are compatible with institutional-grade investments. Bitwise expanded the offering of four of its products for the European market with a listing on the London Stock Exchange (LSE). The four ETP tickers will give access to BTC and ETH investments, as well as exposure to ETH staking. All products are issued and regulated in Germany, and are compliant with all Euro Area requirements. The ETPs are also designed to fit the demand of institutional investors. The products are issued by Bitwise Europe GMBH, incorporated under German law. “ I am very pleased to see the debut listings of Bitwise products on the London Stock Exchange, one of Europe’s most esteemed trading venues. We will continue to innovate our product range, in dialogue with investors to bring products that suit their needs in this rapidly developing asset class,” said Bradley Duke, Managing director and Head of Europe at Bitwise. The London market operator will carry the BTC1, BTCE, ZETH, and ETH32, a product linked to Ethereum staking with added custody and rewards. The funds are restricted to wholesale investors, offering a mix of liquidity and low fees. Bitwise has offered BTCE for over five years, turning it into one of the most liquid Bitcoin-based products for the European market. Bitwise offers highly liquid European funds for BTC and ETH The four ETPs offer varied investment profiles for institutions seeking to allocate funds to crypto. The Core Bitcoin ETP (BTC1) offers the lowest total expense ratio of 0.20% per year, designed for long-term investors. The Physical Bitcoin ETP (BTCE) has the highest liquidity level from the German trading platform XETRA, and is still one of the largest BTC products in Europe based on assets under management. The Physical Ethereum ETP (ZETH) offers pure exposure and institutional-grade custody, while the Ethereum Staking ETP (ET32) offers low costs and daily accumulation of staking rewards. The new offerings will be settled and traded in cash, through USD and GBP. Bitwise operates as a pure crypto entity, using its public wallets for some of the available ETFs. The fund carries 37.56K ETF in some of its known addresses, taking care of redemptions and transfers to Coinbase Prime for swapping. The ETPs are also adapted to traditional finance, and can be integrated into ETF portfolio accounts, and are compatible with the UK investment regulations. The Bitwise products include a crypto index fund, tapping Uniswap (UNI) and Lido (LDO). The recent expansion of the LSE takes into account the more conservative venue, only offering fully regulated ETPs, linked to the most liquid assets. The ETP issuer has moved into the European market with more products in the past year, offering ETPs based on Solana, Aptos, and a mixed Bitcoin and gold ETP launched this March. The products are listed on several European exchanges, leading up to the offerings on the highly liquid LSE. Bitwise also offers riskier funds linked to Web3 and DeFi, including private funds for accredited investors. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
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