For the last two months, cryptocurrencies have been in correction mode, with spot trading volume for bitcoin (BTC) and altcoins declining by tens of billions of dollars. Despite this plunge in spot trading volume, the world’s largest crypto exchange, Binance, has continued to lead other platforms, with its share of spot volume increasing by the end of the first quarter. Binance Leads Spot Volume Market According to a report from the on-chain analytics firm CryptoQuant, bitcoin’s spot trading volume on exchanges fell from a high of $44 billion on February 3 to $10 billion by the end of Q1. Likewise, the total altcoin spot trading volume on crypto trading platforms plummeted from $122 billion to $23 billion within the same period. While total spot trading volume generally declined, Binance saw more trading activity compared to other crypto exchanges. This indicates that trading volumes on other exchanges reduced much faster than on Binance and that the world’s leading crypto platform became the largest liquidity venue during periods of higher market volatility. From February 3 to the end of Q1, Binance’s share of total Bitcoin spot trading volume rose from 33% to 49%, while that of altcoins spiked from 38% to 44%. Binance now accounts for almost 50% of total crypto spot trading volume. Largest Liquidity Venue During Volatility Substantiating the claim that Binance becomes the venue for the largest trading liquidity in times of high volatility, CryptoQuant revealed that the exchange’s spot trading volume surpassed that of all other platforms combined between February 24 and 26, when BTC plummeted from $96,000 to $90,000. Bitcoin’s decline during those two days triggered a substantial correction in the crypto market, affecting other coins; however, Binance’s altcoin spot trading volume rose to 64%, adding a total of $18 billion. In addition, CryptoQuant discovered that some altcoins have shown relatively high spot trading volumes despite the overall market correction. Market participants are trading large-cap assets like Binance Coin (BNB), Toncoin (TON), and EOS (EOS) with relatively high activity on Binance, regardless of the decline in crypto volumes. Meanwhile, Binance is planning to delist several altcoins on April 16, including Badger (BADGER), Balancer (BAL), Beta Finance (BETA), Cream (CREAM), Cortex (CTXC), aelf (ELF), Firo (FIRO), and Kava Lend (HARD). The delisting follows a collective decision by users via the exchange’s Vote to Delist mechanism. The post Binance Continues to Lead Spot Trading Volume Despite Market Correction appeared first on CryptoPotato .
The post Next Crypto to Hit $1? This Undervalued DeFi Coin Might Be the Best Cheap Crypto to Buy Now appeared first on Coinpedia Fintech News As the crypto market steadily recovers and interest in smaller-cap tokens grows, a handful of projects are beginning to attract serious attention from analysts and early investors alike. One of the latest names to spark conversation is Mutuum Finance (MUTM) — a relatively new decentralized finance protocol that some believe is quietly setting itself up to be the next crypto to hit $1. Currently priced at $0.025 during its presale, MUTM is already gaining traction among those looking for value-driven opportunities in the DeFi crypto space. So what’s fueling the confidence behind this price target? A combination of real world utility, well-structured tokenomics, increasing investor interest, and a product launch timeline that adds momentum to the outlook. Mutuum Finance (MUTM) What makes Mutuum different from many other emerging tokens is its clear focus on solving an actual problem. The platform offers a decentralized, non-custodial system where users can lend or borrow digital assets through smart contracts. This includes both pooled lending, where users earn passive yield by providing liquidity, and peer-to-peer agreements for more tailored loan terms. When lenders deposit assets into the protocol, they receive mtTokens in return, which accumulate interest automatically. Borrowers, meanwhile, can access liquidity by locking up collateral, giving them access to funds without selling their underlying holdings. This kind of structure puts Mutuum in line with other working DeFi crypto models but with a few key updates that improve usability and transparency. With over $6.4 million already raised and thousands of users joining the presale, MUTM is already showing signs of strong early adoption. Unlike tokens that rely on hype, Mutuum’s steady growth has been driven by functionality, roadmap clarity, and growing confidence from both retail investors and crypto investment analysts. The protocol’s total token supply is capped at 4 billion, offering a clear sense of structure for future valuation. With the token priced at just $0.025 in the current presale phase, a move to $1 would represent a 40x return. While that may sound ambitious, analysts point to a number of factors that make this target plausible within a reasonable timeframe. For example, an investor putting in $1,000 at the current presale price would receive 40,000 MUTM tokens. When the token reaches $1, that same position would be worth $40,000 — a significant return made possible by entering early in a project with measurable fundamentals and market potential. Unlike many presale projects that take months or even years to deliver a product, Mutuum is preparing to launch a beta version of its platform around the time the token goes live. This means users will be able to engage with the core protocol features almost immediately, rather than speculating on future development. Access to a working product from day one can play a major role in supporting early token demand. Users will be able to supply assets, earn yield, and borrow against collateral as soon as the platform is live, tying MUTM’s value directly to real world utility and platform activity. Another component analysts are watching closely is the way revenue generated by the platform is tied to MUTM’s token economy. A portion of the interest paid by borrowers is used to purchase MUTM tokens on the open market. These are then distributed to holders of mtTokens, introducing consistent buy pressure and providing rewards for those who engage with the platform. This built-in feedback loop encourages long-term participation and helps stabilize token demand as usage grows. As more borrowers use the platform, more revenue flows back into MUTM, supporting price growth in a measurable way. Why $1 Isn’t Out of Reach With all of these elements in place, the $1 target is beginning to look less like speculation and more like a strategic milestone. From its current presale price, it would only take modest adoption and platform engagement to justify a climb to that level — especially with the protocol’s low market cap and focused use case. Early-stage tokens often see dramatic appreciation once they reach public markets and begin generating real activity. For Mutuum Finance, the presence of a functioning protocol, combined with strong tokenomics and increasing visibility, creates a pathway that analysts believe makes the $1 mark achievable, not aspirational. Many are beginning to see MUTM as the next big cryptocurrency, backed by infrastructure and demand rather than narrative alone. For those still considering whether to participate, the current presale window may be one of the last opportunities to get in before exchange listings and product rollout begin to change the pricing floor. In short, Mutuum Finance isn’t trying to sell hype. It’s building infrastructure that works — and that’s exactly what long-term crypto investment seekers are starting to notice. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance
The U.S. Securities and Exchange Commission has officially dropped its case accusing Nova Labs, the team behind the Helium Network, of selling unregistered securities. In an Apr. 11 blog post on its official Medium page, Helium called the outcome “a major win for Helium ( HNT ) and The People’s Network.” The dismissal resolves long-standing uncertainty about the regulatory status of its three main tokens, HNT, IOT, and MOBILE. The SEC has agreed to dismiss the case with prejudice, meaning the agency cannot pursue the same charges again in the future. Helium credited the agency’s new leadership for bringing clarity to crypto infrastructure projects, which has helped close a chapter that had created uncertainty for the wider Decentralized Physical Infrastructure Network sector. According to Helium , this legal outcome provides clarity that selling hardware and distributing tokens to promote network growth does not automatically classify them as securities under U.S. law. You might also like: Airdrops should get a ‘safe harbor’ from regulation, states a16z crypto head of policy However, the blog post made no mention of a related $200,000 civil penalty. According to court documents reviewed by Yahoo Finance, Nova Labs agreed to pay the SEC to settle civil securities fraud charges over allegedly misleading investors during a fundraising round in 2021–2022. The SEC accused the company of exaggerating partnerships with Nestle, Lime, and Salesforce to attract investment at a $1 billion valuation. Nova Labs did not admit or deny wrongdoing as part of the settlement. The SEC originally filed the lawsuit in January, shortly before former Chair Gary Gensler stepped down. Since then, under the new Trump administration, the SEC has dropped several high-profile cases against crypto firms including Coinbase, Kraken, and Consensys. In addition, Paul Atkins, a crypto-friendly regulator and advocate, was confirmed as the new SEC chairman on Apr. 10. Atkins is expected to steer the agency towards clearer digital asset rules that promote innovation. Read more: New York Attorney General urges Congress to pass crypto regulations
Trump just obliterated the IRS’s controversial DeFi reporting mandate, turbocharging crypto innovation and slamming the brakes on overreaching tax surveillance in decentralized finance. Trump Nukes IRS DeFi Rule With Pen Stroke—Crypto’s Future Just Got Rewritten President Donald Trump finalized a significant regulatory rollback Thursday by signing H.J.Res.25 into law at the White House, officially overturning
Swiss asset manager 21Shares has openly endorsed Dogecoin, stating that the cryptocurrency has developed a long way from its origins as an online meme. The company cited Dogecoin’s whopping 130,000% price appreciation over the last decade as evidence of its longevity within the turbulent crypto space. Related Reading: XRP ETF Launch Impresses Even In Bear Market, Says Analyst Meme Currency Sees Serious Growth What began as an online joke in 2013 has become what 21Shares refers to as a “movement” in the crypto space. Dogecoin’s performance, the asset manager says, speaks for itself. The coin has recorded an annual growth rate of 125% since its inception, making it the best performer among the market’s top 25 largest cryptocurrencies by market cap. The growth is not just in value. User adoption has nearly doubled in recent years, with wallet addresses rising from 44 million to 84 million in four years. Such rapid growth shows that more people are holding and using the cryptocurrency despite its lighthearted origin. Dogecoin isn’t just a meme—it’s a movement. With 130,000%+ returns, a $30B market cap, and 84M+ wallets, DOGE is rewriting what value means in the digital age. Explore how culture, community, and memes drive this phenomenon. Read the full blog → https://t.co/wNFYdM2pjS pic.twitter.com/ojfYEkVCwQ — 21Shares (@21Shares) April 10, 2025 ETF Filing Marks Major Step For Dogecoin The Swiss company recently submitted an S-1 form to the US Securities and Exchange Commission for a Dogecoin ETF. The filing is a significant step forward for cryptocurrency, which began life as a prank. If accepted, the ETF would allow ordinary investors to own exposure to Dogecoin without buying or owning the cryptocurrency itself. According to regulatory filings, the new fund would be commodity-based, providing an alternative method of bringing Dogecoin into portfolios using traditional investment vehicles. 21Shares Announces Partnership With Dogecoin Foundation 21Shares also announced that it has partnered with the House of Doge, the official business entity of the Dogecoin Foundation. From reports, the partnership is said to further entrench Dogecoin with conventional financial systems. Related Reading: Bitcoin Bulls Crushed: $500 Million Liquidation Shakes Market Confidence The alliance brings a new legitimacy to the currency, with traditional financial institutions now viewing it as a legitimate asset class and not merely an internet fad. Institutional support may entice more risk-averse investors who shunned the meme-coin in the past. New Exchange-Traded Product Launches With Physical Backing In a further demonstration of its dedication to Dogecoin, 21Shares has introduced an exchange-traded product fully supported by the Dogecoin Foundation. This investment product will be collateralized by real Dogecoin in a 1:1 ratio, such that every share equates to holding real cryptocurrency in cold storage. The firm will charge a management fee of 0.25% for this product, which is fairly competitive against peer cryptocurrency investment products. This physical backing model provides investors with confidence that their investment holds a real-world basis in the form of coins and not synthetic derivatives. Featured image from Unsplash, chart from TradingView
The allure of transforming a modest $100 investment into $10,000 has captivated cryptocurrency enthusiasts. Focusing on XRP , Bitcoin (BTC) , and Solana (SOL) , we assess the feasibility of such exponential gains in the current market landscape. PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW Current Market Performance As of April 10, 2025 , the market reflects the following prices: XRP : Trading at $1.99 , with an intraday high of $2.09 and a low of $1.77. Bitcoin (BTC) : Priced at $81,821.00 , experiencing an intraday high of $83,424.00 and a low of $76,107.00. Solana (SOL) : Valued at $113.89 , reaching an intraday high of $120.17 and a low of $102.62. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X MAGACOINFINANCE: An Emerging Opportunity While established cryptocurrencies may not offer 10,000% returns in the near term, emerging projects like MAGACOINFINANCE present intriguing possibilities. MAGACOINFINANCE is on fire in 2025, surging with unmatched momentum and market strength. At just $0.0002804 , it’s the ultimate entry for those chasing serious upside. The future listing at $0.007 gives early buyers a massive edge. Over 10,000 investors are already in—don’t get left behind. JOIN 10,000+ INVESTORS-CLICK HERE TO SECURE A SPOT NOW Additional Considerations: ADA, XLM, and AVAX Other cryptocurrencies also present investment opportunities: Cardano (ADA) : Trading at $0.619166 , with an intraday high of $0.643361 and a low of $0.556659. Stellar (XLM) : Priced at $0.233516 , experiencing an intraday high of $0.244964 and a low of $0.215361. Avalanche (AVAX) : Valued at $17.97 , reaching an intraday high of $18.74 and a low of $16.02. While these assets have growth potential, achieving 10,000% returns remains a formidable challenge. Conclusion While the prospect of turning $100 into $10,000 is enticing, such returns are improbable with established cryptocurrencies like XRP, Bitcoin, and Solana within typical market cycles. Emerging projects like MAGACOINFINANCE may offer higher growth potential, albeit with increased risk. Prudent investors should conduct comprehensive research and consider market dynamics when making investment decisions. Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Can $100 in XRP, BTC, and Solana Still Deliver 10,000% Returns?
President Donald Trump on Thursday signed a resolution to overturn an Internal Revenue Service (IRS) rule that would have required certain crypto brokers, including decentralized finance (DeFi) platforms, to report customer transactions to the tax agency. The move marks a major rollback of a Biden-era tax reporting measure and further signals Trump’s alignment with the crypto industry. Finalized in late 2024, the IRS rule was meant to clarify that new broker reporting requirements also applied to DeFi platforms. The rule was not yet in force but was scheduled to take effect in 2026. It aimed to ensure crypto users paid taxes on asset sales. The Treasury estimated that billions in crypto-related taxes were going uncollected each year. HISTORY MADE Just now, @POTUS signed my bill to repeal to the IRS DeFi Crypto Broker Rule. This is the first cryptocurrency bill EVER signed into law by a president. @HouseGOP is working to keep America as the crypto capital of the world! — Congressman Mike Carey (@RepMikeCarey) April 10, 2025 Regulators Face Resistance After Expanding Broker Scope to DeFi The rule drew sharp criticism from the digital asset industry. DeFi platforms, unlike centralized exchanges such as Coinbase or Kraken, do not act as intermediaries. They also lack access to user identities. Executives and developers said the rule was technically impossible to follow and legally risky. They warned it placed unworkable burdens on protocols built to be permissionless. Industry lobbying intensified after the IRS expanded the definition of “broker” to include software-based DeFi tools. Crypto advocates called the move government overreach, warning it would push development overseas. Republicans backed their concerns and moved to block the rule using the Congressional Review Act. Trump Backs Crypto Industry in Reversing DeFi Tax Mandate In March, both chambers of Congress passed the resolution with a simple majority . The Joint Committee on Taxation estimated that repealing the rule could cost the government nearly $4b over ten years. Despite the projected loss, lawmakers supporting the repeal argued that privacy, technical feasibility and innovation were more important. “The DeFi Broker Rule needlessly hindered American innovation, infringed on the privacy of everyday Americans, and was set to overwhelm the IRS with an overflow of new filings that it doesn’t have the infrastructure to handle during tax season,” said Rep. Mike Carey. Ways and Means Committee Chairman Jason Smith added that with Trump’s signature, Congress had reaffirmed its authority to write tax law rather than leaving it to regulators. Trump has positioned himself as a strong supporter of the crypto industry, pledging to make the US a global hub for digital assets. His administration quickly moved to establish a federal working group on crypto regulation and announced a national Bitcoin reserve strategy within weeks of his inauguration. The post Trump Signs Law Scrapping IRS DeFi Broker Rule, Reversing Key Biden-Era Policy appeared first on Cryptonews .
Investors wanted an AI unicorn. Instead, they got a very expensive customer service team in Southeast Asia.
Ethereum price started a fresh increase above the $1,550 zone. ETH is now correcting gains from $1,680 and finding bids near the $1,500 level. Ethereum started a decent increase above the $1,550 and $1,600 levels. The price is trading below $1,580 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $1,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,580 resistance zone. Ethereum Price Trims Gains Ethereum price formed a base above $1,400 and started a fresh increase, like Bitcoin . ETH gained pace for a move above the $1,480 and $1,550 resistance levels. The bulls even pumped the price above the $1,600 zone. A high was formed at $1,687 and the price recently started a downside correction. There was a move below the $1,600 support zone. The price dipped below the 50% Fib retracement level of the upward move from the $1,385 swing low to the $1,687 high. Ethereum price is now trading below $1,580 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $1,550 level. There is also a new connecting bearish trend line forming with resistance at $1,550 on the hourly chart of ETH/USD. The next key resistance is near the $1,580 level. The first major resistance is near the $1,620 level. A clear move above the $1,620 resistance might send the price toward the $1,680 resistance. An upside break above the $1,680 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,750 resistance zone or even $1,800 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,580 resistance, it could start a downside correction. Initial support on the downside is near the $1,520 level. The first major support sits near the $1,500 zone and the 61.8% Fib retracement level of the upward move from the $1,385 swing low to the $1,687 high. A clear move below the $1,500 support might push the price toward the $1,455 support. Any more losses might send the price toward the $1,420 support level in the near term. The next key support sits at $1,380. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,500 Major Resistance Level – $1,580
President Donald Trump has officially signed into law a resolution repealing the IRS DeFi Broker Rule established by the Biden administration. According to an Apr. 10 press release statement from Rep. Mike Carey (R-Ohio), who introduced the bill alongside Sen. Ted Cruz (R-Texas), the president’s signing of the bill marks a major legislative win for the crypto industry and its advocates in Congress. The bill repeals an IRS DeFi broker rule finalized at the end of 2024 that expanded the definition of “broker” to include decentralized finance platforms and other non-custodial digital asset services. The rule would have required DeFi platforms, wallet providers, and front-end protocol interfaces to collect user information and report crypto transaction data using Form 1099. “This is the first cryptocurrency bill ever signed into law and the first tax-related Congressional Review Act of Disapproval signed into law,” Rep. Carey said in a statement. He added that the rule “needlessly hindered American innovation” and would have overwhelmed the IRS with compliance demands it is unequipped to handle. “By repealing this misguided rule, President Trump and Congress have given the IRS an opportunity to return its focus to the duties and obligations it already owes to American taxpayers instead of creating a new series of bureaucratic hurdles.” — Mike Carey, Ohio Congressman You might also like: OpenSea pushes SEC to drop exchange, broker designation for NFT marketplaces The resolution, known as H.J.Res.25, passed the Senate on Mar. 4, 2025, and the House on Mar. 11. Due to its budget-related implications, the bill required a final Senate vote , which occurred on Mar. 26, before being sent to the president’s desk. Trump’s signature ensures the rule “shall have no force or effect,” and prevents the IRS from issuing a similar rule without explicit Congressional approval under the CRA. The White House had already voiced support for the resolution, calling the rule a “midnight regulation” introduced during the final days of the Biden administration. The signing comes amid a wider regulatory shift in Washington. In recent months, the Securities and Exchange Commission under acting chair Mark Uyeda dropped lawsuits against firms like Coinbase, Gemini, and Kraken. On Apr. 8, the Department of Justice also disbanded its National Cryptocurrency Enforcement Team, citing strategic missteps. In another major development, Paul Atkins, a long-time SEC commissioner and crypto advocate, is set to officially take office as the new SEC chair after Senate confirmation . With Atkins in office, industry insiders expect the agency to shift focus away from enforcement towards a more supportive environment for crypto innovation. Read more: Despite lawsuit, Justin Sun continues accusing FDT of $500m embezzlement