The Wall Street spot ETF craze for Bitcoin, followed by President Donald Trump’s historic overtures to the Web3 industry and reelection with a mandate in November, pushed its price to all-time highs. BTC entered Q4 last year at $60,800 and by Jan. 20th, shot up to a record of over $109,000. But soon after, the asset began a steep correction back to $85,000 to start off Q2. Bitcoin’s Price Dip in Q1 Traders who bought at the Oct. 1 price last year were up by 79% the day of Trump’s inauguration. If they held through Mar. 31, they would still be up by 40%. By most historical benchmarks, that’s very fast growth for the average American individual investor’s dollar. Some might say it is too fast and too risky, pointing to the volatility of Bitcoin markets, with such dramatic price swings in both directions. But interestingly, Bitcoin’s price isn’t the only global economic benchmark that traced a dramatic upward swing through 2024 with a steep correction starting in Q1 of this year. US stocks in the benchmark S&P 500 Index and Nasdaq Composite charted the exact same pattern. The 30-day BTC Pearson Correlation to US stocks has remained positive since last August. Moreover, the Bitcoin/stocks correlation accelerated into the financial melt up in Q4 and again during the course correction in Q1. So these trends indicated the macro forces in the economy for these price movements. Bitcoin’s Price and Orange Prices Locked in Weird Correlation Why orange juice is so expensive https://t.co/mF1WQn6LXi — CNBC (@CNBC) April 3, 2025 Here’s where it gets even more interesting. Bitcoin’s rally in 2024, bull run in Q4, and correction in Q1 also traced the same path through exchange markets that global orange prices followed over the same time periods. Although the average global price of an orange was $3.21 in Jan. 2024, by last December it had risen sharply to $5.09. But by last month, it had fallen to $2.71, according to IMF data at the Federal Reserve. It’s more economic data on the side of the theory that BTC’s price growth is mostly a function of the dollar’s expansion over GDP. Rising consumer prices are the same as Bitcoin’s rising prices in the same dollar tide. Curiously enough, this correlation between Bitcoin and the dollar has continued a trend ongoing since the 2023 and 2020 cryptocurrency markets. The post Should Investors Buy This Massive Bitcoin Price Dip? (Opinion) appeared first on CryptoPotato .
APX Lending Funding:- In a renewed investor confidence, Toronto-based APX Lending has raised $20 million to cater to the growing demand for “crypto-backed loans” in Canada. The agreement includes an accordion facility provided by private credit investment firm Cypress Hills. The accordion facility is designed to expand an existing credit line without renegotiating the entire deal. This is aimed at providing APX with the flexibility to scale operations rapidly and comes soon after it become the first Crypto-Backed Loan Provider in Canada to receive Exemptive Relief by the Canadian Securities Administrators (CSA). APX Lending Cypto-Backed Loans : How it Functions APX Lending, established in early 2023, is a Toronto-based crypto-backed lending platform. It is founded by the team behind Coinberry, one of Canada’s prominent licensed crypto exchanges. The platform enables crypto holders to borrow stablecoins and other digital assets using major tokens like Bitcoin (BTC) and Ethereum (ETH) as collateral. The platform stores client funds in segregated cold-storage wallets with BitGo, a leading crypto custodian offering over $250 million of insurance. Additionally, all crypto funds are moved using Fireblocks, which offers a further $35 million of insurance coverage. While APX Lending offers complete visibility of loan collateral on the blockchain throughout the tenure of loans, it operates within the Centralized Finance (CeFi) domain. This means that, unlike decentralized finance (DeFi) platforms, APX Lending does not operate entirely on-chain with automated smart contracts managing loan issuance and liquidation. The timing of this funding round is telling. Analysts suggest that a resurgence in BTC and crypto prices, particularly Bitcoin’s climb past $70,000 in early 2025, has reignited demand for crypto-backed borrowing. Notably, long-term holders (HODLers) are once again exploring loan options to unlock liquidity without liquidating their positions. Further, Canadian lending market is also set for growth with projections estimating USD 3.42 billion by 2030, indicating a CAGR of 26.5%. According to the Ontario Securities Commission’s 2023 survey, 10% of Canadians aged 18–34 reported borrowing through crypto trading platforms or firms. A Sector on the Rebound? Crypto lending has had a tumultuous history. The space saw major disruptions in 2022 when prominent platforms like Celsius and BlockFi collapsed during the crypto winter, causing investor confidence to plummet. This came after a series of devastating events including the fall of LUNA/UST, the insolvency of Three Arrows Capital, and the FTX bankruptcy. But now that phase may be giving way to a period of cautious resurgence. This APX Lending funding particularly signals renewed optimism in the digital asset lending market, especially in light of shifting regulatory landscapes and increasing institutional appetite for alternative collateralized finance. Recently, Mauricio Di Bartolomeo , co-founder and CSO of another leading Toronto-based digital asset loan protocol, Ledn, also hinted at possible bullish sentiment in the space. “You’re going to see a Cambrian explosion of bitcoin-backed loans, because the rates are going to drop to a point that is going to make them competitive with home equity or personal lines of credit, or other types of instruments,” Di Bartolomeo said in a recent interview to a prominent media publication. According to DeFiLlama, the total value locked (TVL) in crypto lending protocols has steadily climbed past $15 billion as of April 2025—up from $9.8 billion in Q4 2024. Lending TVL Further, leading protocols such as Aave, MakerDAO, and newer entrants like APX Lending are seeing a slow but steady uptick in lending volumes – highlighting near-term bullish sentiment. The post APX Lending Secures $20M – Is Demand for Crypto-Backed Loans Rebounding? appeared first on CoinGape .
Bond market volatility drives interest in tokenized treasury assets. Rapid growth in tokenized assets reflects increased investor engagement. Continue Reading: Tokenized Treasury Assets Surge as Bond Market Volatility Persists The post Tokenized Treasury Assets Surge as Bond Market Volatility Persists appeared first on COINTURK NEWS .
The post Bitcoin’s Next Breakout? Experts Say $200K Is Long Overdue appeared first on Coinpedia Fintech News Despite global economic uncertainty and a series of market shocks, several leading voices in the cryptocurrency space say Bitcoin is on the verge of a massive breakout—one that could take most investors by surprise. Samson Mow, CEO of Jan3 and a longtime Bitcoin advocate, recently expressed astonishment that Bitcoin is still trading under $100,000. “We should have hit $200,000 already, and it shocks me every day that we’re not there yet,” Mow said in a recent interview with Milkroad. Short-Term Fear, Long-Term Accumulation Many in the industry attribute Bitcoin’s suppressed price action to fear-driven market sentiment and a temporary liquidity crunch. Approximately 2 million coins remain active on exchanges, contributing to short-term volatility. However, long-term holders—or “hodlers”—continue to accumulate, reducing overall circulating supply and tightening what Mow calls the “spring” behind Bitcoin’s eventual surge. Historical precedent supports the possibility of a sudden upward move. In 2017, Bitcoin rose nearly 17x in less than a year, during a period of relatively calm global conditions. Now, with economic instability, rising geopolitical tensions, trade wars, and currency devaluation in play, many believe the conditions are even more favorable for another explosive rally. Bitcoin’s History Suggests Explosive Moves Are Possible Other indicators also point to an impending structural shift. Bitcoin’s hash rate—considered a leading signal of network strength and miner confidence—continues to climb, reaching all-time highs. Mow suggests that sovereign entities may now be involved in mining, driving this surge in computational power with little regard for profitability, thanks to access to free or excess energy resources. This same price-insensitive mindset appears to be influencing Bitcoin buyers as well. Corporations like MicroStrategy continue to accumulate Bitcoin regardless of short-term price fluctuations, reflecting a long-term belief in its store-of-value potential. The big question now is whether this trend will spread to other companies—and even nation-states. “Once it becomes a race to print money to buy Bitcoin,” Mow warned, “then all the gloves are off.” With structural changes in mining, corporate accumulation, and growing sovereign interest, many analysts believe Bitcoin is on the edge of another major run—possibly beyond $200,000—sooner than most expect.
San Francisco-based Ripple has transferred 200 million XRP tokens, worth approximately $400 million, between company-controlled wallets. The massive movement occurred today and was first spotted by cryptocurrency tracking service Whale Alert. Related Reading: Bitcoin Maxi Takes Aim: Ethereum’s True Value? Lower Than You Think Tracking The Money Trail The transaction initially appeared to be heading to an unknown destination when Whale Alert reported the funds moving to an unidentified address ‘rP4X2…sKxv3’. But blockchain analytics platform Bithomp later clarified that both the sending and receiving wallets belong to Ripple. The receiving wallet was created by Ripple on October 2, 2023, with an initial funding of 70 million XRP. Since its creation, this wallet has only interacted with other Ripple-linked addresses, strengthening the evidence that this was an internal transfer rather than funds moving to an outside entity or exchange. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 200,000,000 #XRP (402,739,474 USD) transferred from #Ripple to unknown wallethttps://t.co/cZz7k5fum8 — Whale Alert (@whale_alert) April 11, 2025 Why The Big Money Move According to crypto community figure XRP_Liquidity, who tracks Ripple’s token movements, the transaction represents standard treasury management – Ripple simply shifting money between its own accounts. The 200 million XRP tokens remain untouched at the receiving address, suggesting no immediate plans for their use. The receiving wallet now holds around 290 million XRP tokens, valued at about $577 million as of the current XRP price of $2.04 per token, based on figures by Coingecko. According to historical trends, the funds can be used for various purposes in Ripple’s business operations. They can be used to finance On-Demand Liquidity (recently renamed Ripple Payments), finance exchange-traded products that mirror XRP’s value, or give liquidity to cryptocurrency exchanges where XRP is listed. The Bigger Financial Picture The sending wallet didn’t empty its cash register with this transfer. It still contains 200 million XRP tokens. That wallet had received 300 million XRP on April 2 from another Ripple-linked address, which itself had received 500 million XRP from Ripple’s monthly escrow release. Ripple maintains most of its XRP holdings in escrow accounts, with programmed releases occurring monthly. The April release showed unusual timing compared to Ripple’s standard practice. Related Reading: XRP ETF Launch Impresses Even In Bear Market, Says Analyst Breaking From Routine Ripple broke from its traditional first-of-month schedule for its April token release. Instead of unlocking the funds on April 1, the company first returned 700 million XRP to escrow, then released 1 billion XRP on April 3. This shift in schedule runs counter to Ripple’s established tradition of releasing tokens on the first day of each month, although the company has not commented publicly on its reasoning for this timing change. The wallet transactions are significant, as XRP trades at over $2 per token, giving the cryptocurrency such a high valuation that even normal transfers are worth several hundreds of millions of dollars. These huge transfers are usually followed closely by crypto market watchers, as they can on occasion be indicative of any potential future market move or strategic decision taken by the company. Featured image from Gemini Imagen, chart from TradingView
XRP is the top-performing major cryptocurrency over the past 90 days, according to Ripple CEO Brad Garlinghouse. The rally coincides with Ripple ( XRP ) agreeing to pay $50 million to the U.S. Securities and Exchange Commission as part of a settlement. Recall how the SEC sued Ripple in December 2020, claiming it sold XRP as an unregistered security. The legal battle became one of the crypto industry’s most closely watched cases. In a key 2023 ruling, the court gave Ripple a partial win: institutional sales were legal, but XRP sales on public exchanges did violate securities laws. Ripple originally set aside $125 million in escrow for potential penalties. “We’re actually taking most of that back, including the interest that had been earned along the way,” Garlinghouse said in a Fox Business interview . “I think it’s just evidence that the former [Gary] Gensler SEC was on the wrong side of the law. And thanks to the new leadership at the SEC and in the White House.” Like other crypto companies (i.e., Coinbase , Gemini , Uniswap ), Ripple benefited from supporting President Donald Trump. Last year, the company reportedly donated millions to his presidential campaign and at least $5 million in XRP tokens to the inauguration on Jan. 20. The Trump administration’s SEC promptly dropped numerous lawsuits and investigations against crypto companies as a thank-you. While Trump allies say this underscores a willingness to create a more transparent regulatory framework, critics argue it’s a form of crypto-crony capitalism. You might also like: Chart of the week: Buy now or wait? Hyperliquid, Curve DAO, Fartcoin are the hottest picks Ripple expands as regulations ease With the regulatory cloud lifting, Ripple plans to expand its business. The company recently completed its largest acquisition to date, purchasing prime broker Hidden Road for $1.25 billion. Garlinghouse emphasized that such a move “would have made no sense a year ago” under what he perceived to be a hostile regulatory environment under former SEC chair Gary Gensler. “This allows even larger institutions like BlackRock, like the biggest Wall Street financial institutions, to come into this market in a way they understand with a safer prime broker to help clear transactions and a bigger balance sheet to do that,” he explained. The Hidden Road acquisition brings Ripple’s employee count to approximately 1,100 people, with Garlinghouse noting that for years, the company was forced to focus on hiring outside the United States due to regulatory uncertainty. “As a U.S. citizen, I grew up in Kansas. I’d like to hire people here. We have some of the best talent in the world here. But it made no sense to invest in a market where we couldn’t sign customers,” he said. Ripple has recently increased its product offerings by launching a stablecoin with a New York trust license from the New York Department of Financial Services. Looking ahead, Garlinghouse expects regulatory clarity to continue improving in two key areas: stablecoin legislation and market structure bills. He expressed confidence that federal stablecoin legislation would move forward “sooner rather than later.” When asked about Bitcoin ( BTC ) price predictions, Garlinghouse suggested that $200,000 by year-end was “not unreasonable.” He mentioned that it is slightly higher than his previous forecast of $175,000. He attributed his bullish outlook to the shift in the U.S. regulatory approach: “People underestimate how the largest economy in the world, the U.S., went from headwinds, hostility to tailwinds.” XRP has been on an upward trajectory over the past year. A rally occurred following Donald Trump’s re-election in Novemeber. See below. Source: CoinGecko Read more: Stocks rebound, Bitcoin flirts with $84k amid easing trade concerns
Even amid shifting sentiment, Bitcoin (BTC) , XRP , and Ethereum are holding their ground as core leaders in crypto. These assets continue to demonstrate long-term stability, active development, and deep investor trust. As portfolios rebalance heading into Q2, another standout is entering the conversation: MAGACOINFINANCE . While legacy tokens stay dominant, this retail-first token is becoming one of the year’s most-watched new plays PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW MAGACOINFINANCE – A Token With Real Purpose and Perfect Timing MAGACOINFINANCE isn’t chasing trends—it’s creating its own lane. What makes it different isn’t just the flat offering price of $0.002804 or the confirmed listing at $0.007 —it’s how it’s been built from the ground up. No private rounds. No early unlocks. No insider advantages. This is a 100% public opportunity with a capped supply of 100 billion tokens and a strong, growing base of early backers. The project is quickly becoming the poster child for transparent token launches in 2025—structured, accessible, and timed perfectly for those looking to enter before wider exposure hits. MAGA50X Bonus Still Running The MAGA50X offer provides a 50% bonus on all token purchases. The bonus ends once the last allocation is filled—no extensions, no reboots. SOL, ADA, HBAR, and LINK Hold Their Roles Solana (SOL) continues leading in transaction speed and ecosystem expansion. Cardano (ADA) maintains momentum through governance and smart contract development. Hedera (HBAR) pushes scalable, eco-friendly blockchain use. Chainlink (LINK) secures reliable data feeds for thousands of smart contracts. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH CODE MAGA50X Conclusion BTC , XRP , and Ethereum continue to maintain market strength as foundational assets. Supporting tokens like SOL , ADA , HBAR , and LINK are evolving with purpose. For early-stage investors looking beyond the usual suspects, MAGACOINFINANCE offers a unique proposition with its attractive entry price and substantial bonus incentives. Investors should conduct thorough research and consider diversifying their portfolios to capitalize on both established and emerging digital assets. For more information and to participate in the presale: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: BTC, XRP, and Ethereum Maintain Strong Market Presence
Bank of America says efforts to locate sensitive documents containing personal information on an undisclosed number of customers have failed. The North Carolina-based bank says it is unable to recover the documents, which were lost in transit and “resulted in the disclosure” of personal information. “According to our records, the information involved in this incident was related to your savings bonds and included your first and last name, address, phone number, Social Security number, and account number… We understand how upsetting this can be and sincerely apologize for this incident and any concerns or inconvenience it may cause. We are notifying you so we can work together to protect your personal and account information.” The second-largest US bank by total assets says it is taking various measures to protect its customers’ sensitive data, and it will let affected customers know if they notice any suspicious activity. “We will work with you to resolve unauthorized transactions on your Bank of America accounts related to this incident if reported in a timely manner.” The lender also says it is offering affected customers a two-year membership to an identity theft protection service. Generated Image: Midjourney The post Bank of America Discloses Data Breach After Customers’ Documents Disappear, Says Names, Addresses, Account Information and Social Security Numbers Affected appeared first on The Daily Hodl .
Late Friday, attorneys with the U.S. Securities and Exchange Commission and Binance filed a joint status report asking a federal judge to continue a 60-day pause in the case for another 60 days. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Who's left? The narrative We heard about two more Securities and Exchange Commission (SEC) cases this week. The first, Binance and the SEC, was last paused in February, though late Friday attorneys asked for another extension to continue discussing matters. Separately, Nova Labs settled allegations with the regulator. Why it matters As we continue to watch the SEC develop its new views on digital asset issues, how it treats its active litigation remains a key signal. Breaking it down On Friday, attorneys with the SEC and Binance (as well as Binance founder Changpeng Zhao, Binance.US and other parties) filed a joint motion asking the federal judge overseeing the case to extend a pause originally set to expire Monday by another 60 days. Originally, the SEC said it was requesting the pause to see how the agency's new crypto task force might address digital assets and the application of securities laws. Friday's filing echoed this argument, saying the task force's work "may impact" its claims in the ongoing litigation. The original pause was set to end on April 14. The SEC also filed a motion for a consent judgement after apparently coming to a settlement agreement with Nova Labs, the company behind Helium. According to the proposal , Nova Labs would pay $200,000 but would not admit to or deny the allegations. The SEC first sued Nova Labs in January 2025 — specifically, Jan. 17, 2025 , three days before Donald Trump was sworn into office as the 47th U.S. President. I imagine there are more cases or investigations being resolved than CoinDesk has caught — if you've received a Wells Notice and that's now been resolved, please hit us up, we're very curious. You can reply to this email or reach out on Telegram and Signal . Stories you may have missed DOJ Axes Crypto Unit as Trump’s Regulatory Pullback Continues : The Departmetn of Justice disbanded its National Cryptocurrency Enforcement Team and ordered prosecutors not to bring a case where it may find itself adjudicating what a security or commodity is in the digital assets sector. More on this next week. Inside North Korea's Favorite Crypto Laundering Tool: THORChain : THORChain and wallets built on the network have become increasingly favored by North Korean hackers looking to move funds stolen from other crypto projects. The network's operators have refused to block transactions tied to the Bybit theft from February. SEC Approves Trading of Ether ETF Options : The SEC has not yet approved any new exchange-traded products for tokens like Solana or Litecoin ETFs but it did green-light ether ETF options trading this week. New SEC Staff Statement Urges Detailed Crypto Token Disclosures : The latest SEC staff statement, which came out a day before its second roundtable discussion, focused on the details it's observed in disclosures from crypto companies launching registered security products. Atkins Confirmed by U.S. Senate to Take Over SEC Formerly Run by Gensler : Speaking of the SEC, the Senate confirmed Trump's nominee for chair Paul Atkins, though he hadn't been sworn in by 1:00 p.m. ET Friday. Former Ethereum Developer Virgil Griffith Leaves Prison, Seeks Pardon : Virgil Griffith, an Ethereum developer who pleaded guilty to violating sanctions law and was sentenced to 56 months in prison, has been released to a halfway house and is now seeking a pardon, one of his attorneys said. President Trump Signs Resolution Erasing IRS Crypto Rule Targeting DeFi : U.S. President Donald Trump signed the joint House and Senate resolution overturning the IRS' DeFi broker rule under the Congressional Review Act, meaning the IRS can never bring a similar rule forth again. This is the first crypto-specific, Congressionally-passed item Trump has signed since taking office, marking a milestone for the crypto industry. 1 In 5 Cross-Chain Crypto Investigations Involve More Than 10 Blockchains, Elliptic Finds : Blockchain analytics firm Elliptic said 20% of its investigations into funds sent across multiple chains now involve at least 10 different networks. Ripple and SEC File Joint Motion to Pause Appeals : Ripple and the SEC have filed a joint motion to pause their ongoing appeals, following on from last month's announcement that the parties came to an agreement to resolve the case entirely. Block Agrees to $40M Settlement With New York Over Faulty Money-Laundering Controls : Block and the New York Attorney General's office settled allegations that Block did not have a fully functioning anti-money laundering process for its Cash App. Judge Rules Against Most of DCG’s Motion to Dismiss NYAG’s Civil Securities Fraud Suit : A New York state judge tossed out two of the New York Attorney General's claims against Digital Currency Group and its executives but allowed most of the case to proceed in a late Friday ruling. This week Wednesday 14:00 UTC (10:00 a.m. ET) The House Financial Services Committee held a hearing to discuss issues ahead of an expected market structure bill addressing crypto. 18:00 UTC (2:00 p.m. ET) The House Agriculture Committee also held a hearing on similar topics. Thursday 14:00 UTC (10:00 a.m. ET) The Senate Banking Committee held a confirmation hearing on a raft of nominees, including Federal Reserve Vice Chair for Supervision nominee Michelle Bowman. While she received a few questions about reviewing the regulatory response to Silicon Valley Bank's collapse, there was not anything substantive around crypto during the hearing. 14:30 UTC (10:30 a.m. ET) The court overseeing the Department of Justice's case against Do Kwon held a status conference hearing, where his trial was rescheduled to February 2026. Prosecutors said the DOJ memo from earlier this week would have no bearing on the case. Friday 17:00 UTC (1:00 p.m. ET) The U.S. Securities and Exchange Commission held its second crypto roundtable, this time on trading rules. Acting SEC Chair Mark Uyeda, in recorded remarks, suggested that the agency could look at an interim regulatory framework for companies until it has more permanent rules in place. Elsewhere: ( CNN ) On Monday, pseudonymous X (formerly Twitter) accounts posted about a "90-day pause in tariffs" that sent markets soaring, before the White House denied the claim, which may have been based on a misinterpretation of White House official Kevin Hassett's response to a question during a Fox News interview. ( CNN ) On Wednesday, U.S. President Donald Trump did announce a 90-day pause in the higher tariff rates against most countries, leaving in place the 10% tariff rate he first announced last week. Tariff rates on China went up to 125% ( later clarified to 145% ). ( CNBC ) The U.S. stock market had a "historically wild week" with swings up and down as traders reacted to the possible effects new U.S. tariffs might have on global trade. ( Reuters ) Aircraft parts manufacturer Howmet Aerospace, based in Pittsburgh, warned customers that U.S. tariffs might cause it to halt some shipments. ( Bloomberg ) Website owners said Google's new AI-generated answers feature has cratered traffic to their websites, though Google is denying this. If you’ve got thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me at nik@coindesk.com or find me on Bluesky @nikhileshde.bsky.social . You can also join the group conversation on Telegram . See ya’ll next week!
Pi Network price has staged a strong comeback, in line with our recent prediction. The popular Pi coin jumped to a high of $0.75 on Saturday, up by 80% from its lowest point this month. This surge has pushed its market cap to over $5.17 billion. This article explores why the Pi coin price has