MagicBlock, a developer of real-time infrastructure for decentralized games and applications on the Solana blockchain, has secured $7.5 million in a seed funding round. The round was led by Faction Ventures, with participation from Maven 11 Capital, Delphi Digital, Robot Ventures, Mechanism Capital, and Equilibrium. The funding aims to support MagicBlock's efforts to enable fully on-chain gaming experiences on Solana, leveraging scalability features of the Solana network. The company has also received backing from Lightspeed and Solana co-founder Anatoly Yakovenko. Industry observers have praised the MagicBlock team for their innovation and technical expertise in building on the Solana foundation. 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
OKX, a prominent cryptocurrency exchange, announced the upcoming launch of its OKX Pay Wallet next week. The new wallet is designed as a private keyless solution requiring Know Your Customer (KYC) verification and will be integrated with OKX's Ethereum Layer 2 platform. This launch aims to facilitate broader cryptocurrency adoption by targeting up to one billion users. The OKX Pay Wallet will include a card feature, potentially enabling daily transactions using stablecoins such as USDT. The product is part of OKX's broader strategic focus on regulatory compliance and payment finance (PayFi), reflecting its ongoing investments in user experience, research, and development. OKX has recently enhanced its platform with UI upgrades and expanded access, including availability on the US App Store for both its exchange and wallet applications. 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
After a sharp market correction that tested conviction across the board, optimism is slowly returning to the crypto sector. Leading the recovery are the usual suspects— Bitcoin , Ethereum , and XRP —each demonstrating that time-tested fundamentals and large-scale adoption matter, especially in turbulent times. These projects have proven they can absorb shocks, adapt quickly, and continue to lead the broader conversation. But as attention settles on familiar names, a new generation of assets is quietly forming its own path forward. One name gaining traction in these early stages is MAGACOINFINANCE . MAGACOINFINANCE Is Earning Respect by Avoiding the Spotlight—and Delivering Anyway While some projects live off hype, MAGACOINFINANCE has taken the opposite approach—building quietly and consistently. It didn’t surge with the market, nor did it fade during the crash. It simply kept developing, growing its user base, and attracting the attention of researchers and early investors who look past surface-level trends. In recent weeks, conversations about MAGACOINFINANCE have shifted. It’s no longer a question of whether the token has potential—it’s about how much of that potential is already being realized. Community strength, wallet metrics, and early integrations all point in one direction: steady, healthy momentum. It’s not trying to outshine giants like Ethereum or Bitcoin . It’s simply carving out space of its own—and doing it well. Rebound Watch: Cardano, Toncoin, Chainlink, and Stellar Cardano continues to play the long game. Its slow, peer-reviewed approach to development can frustrate some, but it has earned deep trust from long-term holders. After the crash, it has rebounded with the same steady resilience that defines its roadmap. Toncoin is expanding its reach via integrations with everyday digital platforms. Its growth trajectory is unique—leaning on mobile usability and mainstream accessibility to drive real-world engagement. Chainlink remains the cornerstone of smart contract data. With nearly every major Decentralized finance protocol depending on its oracles, its value is undeniable. Volatility doesn’t shake its relevance—it reinforces it. Stellar remains mission-driven. Focused on cross-border payments and financial inclusion, its post-crash performance reflects strong backing and continued use in emerging economies and fintech platforms. All four continue to bring substance to the table. But in a market hungry for new momentum, MAGACOINFINANCE is offering something different: the promise of early-stage movement built on execution—not speculation. Closing Outlook The dust hasn’t fully settled, but the direction is clearer. Bitcoin , Ethereum , and XRP continue to inspire confidence. They are the cornerstones of this space for good reason. But as 2025 approaches, investors aren’t just asking which coins will recover. They’re asking which ones are quietly getting ready to lead. MAGACOINFINANCE may not have peaked—because it’s only just begun. To learn more about MAGACOINFINANCE , please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Post-Crash Optimism Remains for Ethereum, XRP, and Bitcoin (BTC)
The post Top Altcoins to Consider Before Bitcoin Price Revives a Rise Back to $100K appeared first on Coinpedia Fintech News Bitcoin price is closely correlated with many altcoins that closely follow the trend. These altcoins have been following the BTC price rally and experiencing a similar price action to the star token. Therefore, now that Bitcoin is believed to revive a strong ascending trend soon, these cryptos are expected to follow and probably rise and reach new highs. The entire market triggered a massive breakout in Q4 2024, which pushed the BTC price to a new ATH close to $109K. This has also elevated the prices of the altcoins like Ethereum, XRP, Litecoin, Solana & Dogecoin. While Ethereum peaked above $4000, XRP above $3.3, Bitcoin almost reached $150, and Dogecoin $0.5. Meanwhile, the winner of the race was Solana, which managed to peak and form a new ATH above $295. While almost the whole market faced a major rejection, followed by a pullback, these altcoins maintained the same ascending consolidation as Bitcoin. The prices of ETH, XRP, LTC, DOGE & SOL have been consolidating since the start of the month but under bullish influence. All of them are testing the resistance strongly and preparing for the next bullish move by the BTC. Once done, these altcoins are believed to trigger a 30% upswing. While Bitcoin price is primed to rise back to $100K after securing the resistance at $95,000, Ethereum price is expected to surge above $2000. Besides, the XRP price is expected to surpass the crucial resistance at $2.6. Meanwhile, Solana’s price is expected to make it to $180, and Dogecoin’s price could surge above $0.2 and eventually reach $0.25. However, to do so, the Bitcoin price is required to close the weekly trade above $95,000 and secure the resistance at $96,800 before the end of the month.
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XRP shows uncertainty in its short-term price movements and patterns. Key support at $1.82 is essential for potential recovery. Continue Reading: Navigate Uncertainty: XRP’s Price Movements Stumble Yet Show Potential The post Navigate Uncertainty: XRP’s Price Movements Stumble Yet Show Potential appeared first on COINTURK NEWS .
Bitcoin has seen a modest decline in price after climbing above $94,000 earlier in the week. At the time of writing, BTC is trading at $92,775, reflecting a 1.3% decrease over the past 24 hours. The move comes after a multi-day rally that saw Bitcoin gain nearly 10% since the beginning of the week, raising questions about whether the recent momentum is sustainable or a temporary uptick amid broader market uncertainty. While price action has stalled slightly, on-chain data and exchange behavior are beginning to shape a clearer narrative for Bitcoin’s short-term outlook. Related Reading: Bitcoin Explodes Above $94,000 — What’s Igniting The Fire? Shift in Exchange Flows Signals Accumulation and Reduced Selling Pressure According to a new analysis from CryptoQuant contributor Novaque Research, investor behavior on Binance, currently one of the largest retail-focused crypto exchanges, may offer valuable insight into what comes next for BTC, particularly regarding liquidity conditions, positioning, and potential short-term price squeezes. Novaque Research pointed to notable changes in exchange flow patterns that appear to coincide with Bitcoin’s recent price behavior. Between April 6 and April 10, Bitcoin inflows into Binance exceeded 15,000 BTC. During this same period, Bitcoin’s price hovered in the $85,000 to $87,000 range. The analysts interpret this as indicative of increased sell-side pressure, likely driven by short-term traders liquidating positions or preparing for tax-related obligations. In contrast, between April 19 and April 23, Binance experienced over 15,000 BTC in outflows as the price moved above $93,000. This activity suggests a shift toward accumulation, with investors moving assets into self-custody—a trend often viewed as bullish since it implies reduced short-term selling risk. Supporting this view, the Exchange Reserve metric shows a declining trend since April 18, while the Exchange Whale Ratio fell below 0.3 on April 23, suggesting that large-volume traders are stepping back, and the market is becoming more influenced by retail behavior. Bitcoin Short Squeeze Potential Emerges as Leverage and Whale Activity Decline Alongside changes in exchange flows, Novaque Research notes that the structure of Bitcoin’s leveraged positions has also evolved. According to the analysis, leveraged long positions were largely flushed out in the $82,000 to $88,000 range, indicating that many short-term traders exited during the recent price swings. At the same time, short positions remain concentrated just above the $92,000 level, which could make them vulnerable to a short squeeze if the market gains further upward momentum. Related Reading: Bitcoin Buyers Take Control on Binance, But Funding Rates Flash a Warning The report concludes that market conditions are now more balanced, with fewer large players influencing price direction and thinner liquidity zones above current levels. The CryptoQuant contributor noted: With the market structure cleaned up and liquidity thin above present levels, any trigger (ETF flows, Fed pivot , EM weakness) may rapidly propel BTC above $98K-$100K. Featured image created with DALL-E, Chart from TradingView
Data shows the Bitcoin Funding Rate has remained negative during the latest price rally, a sign that short behavior is dominant. Bitcoin Funding Rates Are Red At The Moment In a new post on X, on-chain analyst Checkmate has talked about the trend in the Funding Rate of Bitcoin. The “ Funding Rate ” refers to an indicator that keeps track of the amount of periodic fee that futures market traders are exchanging between each other right now. When the value of this metric is positive, it means the long contract holders are paying a premium to the short contract ones in order to hold onto their positions. Such a trend suggests a bullish sentiment is shared by the majority of investors on derivatives platforms. On the other hand, the indicator being under the zero mark implies the short holders are outweighing the long ones and a bearish sentiment is the dominant one. Now, here is the chart shared by the analyst that shows the trend in the Bitcoin Funding Rate over the last few years: As is visible in the above graph, the Bitcoin Funding Rate has slipped into the negative territory recently, which suggests short behavior has become more dominant on the exchanges. This trend has interestingly come while BTC has been going through a recovery rally. It would naturally suggest that the futures market users don’t think that this run would last. This bearish mentality can actually play to the benefit of the cryptocurrency, however, as if demand keeps the rally going, these shorts would end up finding liquidation , thus acting as fuel for the run. As Checkmate has noted in a reply post, the market has already seen significant short liquidations recently. It now remains to be seen whether this trend of a short squeeze would continue in the coming days, potentially allowing the Bitcoin price recovery rally to keep up. While futures market users may be getting bearish bets up, the overall sentiment in the cryptocurrency sector has turned bullish following the price surge, as the Fear & Greed Index suggests. The Fear & Greed Index is an indicator created by Alternative that uses various market factors to determine the sentiment present among the investors of Bitcoin and other digital assets. The metric is currently sitting at a value of 63, which implies a greedy mentality is dominant among the traders. BTC Price At the time of writing, Bitcoin is trading around $93,200, up more than 9% in the last seven days.
With Bitcoin’s dominance soaring, is liquidity fleeing altcoins for good?
In a significant move for the digital asset space, US spot Ethereum ETFs experienced a notable resurgence in investor interest on April 24th. Following a period of net outflows, these investment vehicles collectively attracted a substantial $63.53 million in total net inflows, according to recent data. Understanding the Surge in Ethereum ETF Inflows The figure of $63.53 million represents the combined net flow across all actively trading US spot Ethereum ETFs on that specific day. This rebound in demand signals renewed positive sentiment, at least temporarily, among investors utilizing these regulated products to gain exposure to Ethereum (ETH). Why are these flows important? They are often seen as a key indicator of institutional and broader investor appetite for the underlying asset. Unlike direct crypto purchases, ETFs allow investors to access the asset class through traditional brokerage accounts, simplifying the process and potentially attracting capital that might otherwise remain on the sidelines. Who’s Leading the Charge in the Crypto ETF Market ? The inflows on April 24th weren’t evenly distributed among the various Ethereum ETF offerings. Here’s a breakdown of the key players and their contributions: BlackRock’s ETHA: Led the pack with an impressive $40.07 million in net inflows. BlackRock’s entry into the crypto ETF space has been closely watched, given their status as a major global asset manager. Grayscale’s mini ETH: Saw healthy inflows of $18.28 million. This product is part of Grayscale’s expanding suite, offering potentially lower fees or different structures than their flagship product. Bitwise’s ETHW: Added $5.06 million in net inflows. Bitwise has been an active participant in the crypto ETF market, offering several digital asset-focused funds. 21Shares’ CETH: Recorded $4.14 million in net inflows. 21Shares is a prominent issuer of crypto exchange-traded products globally. VanEck’s ETHV: Contributed $2.58 million to the total net inflow. VanEck is another established player with a growing digital asset portfolio. While these funds saw positive movement, Grayscale’s primary Ethereum trust, ETHE, continued to experience net outflows, albeit a relatively modest $6.6 million on this specific day. This is a trend often observed as investors potentially migrate from the trust structure (which sometimes traded at a discount or premium) to the newer, spot ETF structure. The remaining Ethereum ETFs tracked reported no significant change in their holdings on April 24th. The Significance for Institutional Crypto Investment The return of positive net inflows into US spot Ethereum ETFs is particularly significant for understanding the trajectory of institutional adoption. Large asset managers and institutional investors often prefer accessing crypto via regulated ETF structures due to familiarity, ease of compliance, and integration with existing investment frameworks. A consistent pattern of inflows suggests that these larger players are actively allocating capital to Ethereum through these channels. While one day’s data doesn’t establish a long-term trend, a rebound in inflows after a dip indicates persistent underlying demand. It suggests that some investors viewed the recent price action or previous outflows as a buying opportunity. What This Means for the Ethereum Price Outlook Increased Ethereum ETF inflows can have a positive impact on the Ethereum price outlook for several reasons: Direct Buying Pressure: ETF issuers typically buy the underlying asset (ETH) to back the shares being purchased by investors. Increased inflows mean increased demand for ETH on exchanges. Positive Sentiment: Strong inflows signal healthy demand and positive market sentiment, which can encourage further investment and drive prices up. Increased Visibility: The presence and performance of spot Ethereum ETFs bring more mainstream attention to Ethereum as an asset class. However, it’s crucial to remember that the crypto market is influenced by numerous factors, including macroeconomic conditions, regulatory news, technological developments (like Ethereum’s network upgrades), and overall market sentiment. ETF flows are just one piece of the puzzle, albeit an increasingly important one for understanding institutional engagement. Navigating the Crypto ETF Market : Benefits and Challenges Investing in US spot Ethereum ETFs offers several benefits: Accessibility: Easy to buy and sell through standard brokerage accounts. Regulation: Operate within a regulated framework, offering a degree of investor protection. Convenience: Eliminates the need for managing private keys or dealing with cryptocurrency exchanges directly. Yet, challenges remain: Fees: ETFs charge management fees, which can impact overall returns compared to direct ownership. Market Volatility: The price of the ETF is directly tied to the volatile price of Ethereum. Tracking Error: While designed to track the spot price, minor differences can occur. Actionable Insights for Investors For those interested in the Crypto ETF market and Ethereum, monitoring the daily and weekly net flow data for US spot Ethereum ETFs can be a valuable strategy. Consistent inflows over time could signal growing institutional crypto investment and potentially a positive signal for the Ethereum price outlook . Conversely, sustained outflows might suggest waning interest or a shift in sentiment. It’s also important to look at the breakdown of flows, observing which specific ETFs are gaining or losing traction, as this can provide insights into investor preferences and issuer performance. Summary: A Positive Signal for Ethereum ETFs The $63.53 million in net inflows into US spot Ethereum ETFs on April 24th marked a significant positive shift after a period of outflows. Led by strong demand for products from major issuers like BlackRock, this data point underscores the continued, albeit sometimes fluctuating, interest from investors accessing Ethereum via regulated channels. While one day does not make a trend, the rebound in Ethereum ETF inflows provides a compelling snapshot of the ongoing evolution of the Crypto ETF market and offers a hopeful signal regarding institutional crypto investment and its potential influence on the Ethereum price outlook . To learn more about the latest Crypto ETF market trends, explore our article on key developments shaping institutional crypto investment price action .