DUBAI, UAE, April 25, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, and the first mainstream cryptocurrency exchange to incorporate Gold & FX trading on its trading platform, is thrilled to introduce the Gold & FX Referral Program as the Gold price skyrockets. This exclusive offer is available to eligible Bybit users only, with up to 10,000 USDT in bonuses available for top referrers. In April 2025, Gold prices surpassed $3,500 per ounce for the first time in history, soaring by 42% year-on-year. Despite brief corrections, the oldest safe haven asset’s price growth continues to seem unstoppable as macroeconomic uncertainty intensifies. Live since August 2024, Bybit’s Gold & FX trading volumes also hit an all-time-high — exceeding $24 billion over a 24 hour period on April 17, 2025. To help traders capture the momentum, Bybit has unlocked a total 180,000 USDT prize pool for Gold and FX traders from now until 10AM UTC, May 22 on a first-come, first-serve basis. Eligible referrers may register at the campaign page to join the referral mania, refer friends to make a first-time deposit and trade Bybit’s MT5 platform to win rewards: Referrers can each earn up to 10,000 USDT if their successful referees make an eligible first-time deposit and trade the minimum required number of lots. Referees shall automatically qualify for zero fees when trading the following indices with MT5 on Bybit: DJ30, NAS100, CHINA50, SP500, GER40, US2000, HK50, FRA40, Nikkei225, UK100, EU50, ES35, HKTECH, BVSPX, SA40, SPI200, SGP20 and TWINDEX. With Gold forecast to reach new heights and Bybit expanding its multi asset class products across its various exchange trading capabilities, more traders are expected to turn to the exchange for access to their comprehensive suite of trading tools, with unique market offerings ranging from trending tokens to global indices. Bybit is committed to leading in user experience and redefining rewards in the crypto trading space. Restrictions apply. Users may refer to the campaign page for further details. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
ProShares will launch three futures-based ETFs that track the price of XRP on April 30, according to a filing with the SEC seen by Cryptopolitan. The three products are called the Ultra XRP ETF, the Short XRP ETF, and the Ultra Short XRP ETF. Each offers different exposure to XRP price movements, with the Ultra XRP ETF giving 2x leverage, the Short XRP ETF betting against XRP price, and the Ultra Short XRP ETF offering -2x leverage. These ETFs were first proposed in January and finally got a green light after the SEC declined to object during the review window. Source: SEC.gov These three ProShares funds will become the second, third, and fourth XRP-tracking ETFs available in the U.S. market. However, ProShares is still waiting on SEC approval for its spot XRP ETF application, which is stuck alongside other similar proposals from Grayscale, 21Shares, and Bitwise, according to The Block’s ETF Tracker. Earlier this month, Teucrium Investment Advisors LLC, a firm based in Vermont, beat everyone to it by launching the first XRP futures ETF in the United States. Teucrium’s ETF offers leveraged exposure to XRP without actually holding the token. Eric Balchunas, a senior ETF analyst at Bloomberg, posted on X that, “Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, [although] our odds are pretty high.” CME Group to add XRP futures as ProShares launches ETFs Shortly after the ProShares news, CME Group, the largest derivatives exchange in the United States, announced plans to add XRP futures to its offerings. CME already lists futures contracts for BTC, ETH, and SOL, and XRP will now join that lineup if everything goes as planned. This move happens under an environment where, under President Donald Trump’s leadership, regulators like the CFTC and the SEC have taken a much less aggressive stance toward the crypto industry. CME said it would introduce two types of XRP futures contracts : a micro-sized contract tied to 2,500 XRP, and a larger one tied to 50,000 XRP. Both will be settled in cash and calculated using the CME CF XRP-Dollar Reference Rate, which is updated once a day at 4:00 p.m. ET. Current market data shows XRP trading around $2, up about 1% over the last 24 hours, based on numbers from CoinGecko. If CME’s addition goes through, XRP would become the fourth cryptocurrency available for futures trading on the platform, joining BTC, ETH, and SOL. The decision to include XRP isn’t random. The fourth-largest crypto now has a market cap of over $127 billion, making it the fourth-largest token on the market. Its backer, Ripple, has a heavy lobbying presence in Washington, D.C., constantly pushing for regulatory frameworks that favor blockchain development. Ripple’s aggressive push for XRP adoption, however, hasn’t always sat well with the wider crypto community. The so-called XRP Army has sometimes launched antagonistic campaigns against other blockchain projects to further its own cause. Ripple has also slammed Bitcoin’s energy-heavy proof-of-work system, pitching XRP as a cleaner, more sustainable option instead. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
In every market cycle, a few strategic moves define the biggest wins. As Bitcoin (BTC) continues to solidify its dominance and XRP holds firm in payment corridors, another name is rising fast into early-stage conversations: MAGACOINFINANCE . Those who understand crypto momentum know it’s not about following headlines—it’s about recognizing strength before the masses do. MAGACOINFINANCE Is Building Early Momentum in 2025 What makes MAGACOINFINANCE stand out is its organic, disciplined expansion. Wallet growth is consistent. Community traction is rising. Analyst circles are beginning to track its movement before listings fully open the gates to broader investors. Much like the early phases of Bitcoin’s rise or XRP’s initial positioning, MAGACOINFINANCE is operating in that rare window—where real long-term gains are forged quietly. Other Big Movers: LINK, ETH, ARB, and INJ Chainlink (LINK) continues leading decentralized oracle solutions, connecting real-world data with smart contracts. Ethereum (ETH) remains the backbone of decentralized finance and smart contract innovation. Arbitrum (ARB) is scaling Ethereum through high-speed, low-cost Layer-2 solutions. Injective (INJ) is empowering decentralized trading ecosystems across Web3 markets. While these projects deliver tremendous value, MAGACOINFINANCE stands out today for what few others offer: early access before the next surge in exposure. Final Word In crypto, timing defines outcomes more than anything else. As Bitcoin and XRP continue to strengthen their global impact, MAGACOINFINANCE is quietly building the foundation for one of 2025’s biggest opportunities. The smartest moves happen before the world catches on—and right now, this is one of those rare windows. Join the Presale Now at MAGACOINFINANCE.COM SMART INVESTORS ARE ALREADY IN — ARE YOU? For more information, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: $2K Could Expand Rapidly for BITCOIN, XRP, and MAGACOINFINANCE.COM Investors
Cardano's price increase raises questions about Ethereum's viability and market position. Concerns about Ethereum's scalability could benefit rival blockchain platforms. Continue Reading: Cardano’s Surge Sparks Concerns About Ethereum’s Future The post Cardano’s Surge Sparks Concerns About Ethereum’s Future appeared first on COINTURK NEWS .
Crypto exchange Bitget will issue eight lawyers’ letters about the VOXEL/USDT trading glitch. The platform has also committed to a $20 million user recovery fund to compensate affected traders. The incident on April 20 resulted in the VOXEL token ’s trading volume surging by more than 200% to $12.7 billion, surpassing even Bitcoin’s volume of $4.76 billion on the same platform. The anomaly was reportedly due to a glitch in Bitget’s trading system, allowing users to make significant profits within a narrow price range . Some traders reaped six-figure profits by using just $100. Since then, the exchange has focused on damage control and how it will compensate users who lost their funds. Bitget will distribute the recovered funds to users through airdrops Bitget identified professional wool interest groups tied to the eight accounts believed to be the main perpetrators of the VOXEL incident. The groups allegedly siphoned over $20 million from the platform, and Bitget claims it will send legal letters to them in succession. The platform also stated it would distribute all recovered funds to users through airdrops. Additionally, Bitget claimed that, other than the eight accounts, all users who traded VOXEL between 16:00 and 16:30 on 20th April and withdrew their money would not be penalized. And on Wednesday, the platform even declared that all account functions were restored fully. Bitget also promised to release a full accident report on the malfunction of the VOXEL trading system. However, some community members are displeased with Bitget’s handling of the situation. In response to their update, one X user commented , “If it is a normal transaction and not a bug caused by a technical attack, what is wrong with that? The correct solution is to look for the problem in yourself first.” Another user asked Bitget to shut down if it can’t manage its operations. Moreover, a commentator even warned Bitget not to try to deduct funds from users who did not withdraw their money. He added, “ Also, let me say this: it’s not that easy to share the 20 million, so don’t even think about it, retail investors.” Bitget’s hybrid custody model received a lot of backlash following the VOXEL incident According to on-chain analyst Dylan, a malfunction in the Bitget bot repeatedly triggered trades within the narrow range of $0.125 to $0.138. The glitch caused some users to earn hundreds of thousands of USDT in just a few hours. Following the incident, Bitget received a lot of criticism, seemingly losing community trust. Some have argued that the exchange’s decision to settle VOXEL contracts at discounted rates forcibly breached user trust. In addition, the platform’s hybrid custody model has come under fire following the incident. An analyst argued that the hybrid model places users at systemic risk and that no limits on position size invite market manipulation. He also thinks Bitget’s response to the VOXEL incident was immature, unethical, and unprofessional. He claimed Bitget operates more like an offshore CEX with only simple KYC/AML requirements than an innovative centralized exchange. Outside the controversy, Bitget remains one of the fastest-growing exchanges. The platform has over 100 million users worldwide and a daily trading volume of $20 billion. The project’s native token, BGB, has also surged massively, demonstrating investors’ belief in the project. As the crypto space navigates the impact of the VOXEL fiasco, the community will be keen to see whether the exchange will stand by its promises to its users regarding compensation and legal culpability. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Summary ⚈ Bitcoin must hold above $91,400 to reach a potential top around $155,000. ⚈ Rising global liquidity (M2 supply) could fuel Bitcoin’s rally toward $150,000. ⚈ Large exchange outflows and strong technical indicators signal continued bullish momentum. While Bitcoin ( BTC ) has found momentum above the $90,000 mark, an expert views this position as crucial for the asset to reach a record high of over $150,000. Citing the Pi Cycle Top Indicator, prominent on-chain cryptocurrency analyst Ali Martinez suggested that Bitcoin could climb as high as $155,400 but must maintain a price above $91,400, he said in an X post on April 27. Bitcoin Pi Cycle Top Indicator. Source: Glassnode The Pi Cycle Top Indicator, which tracks the 111-day moving average ( MA ) against twice the 350-day moving average, is used to predict major peaks in the Bitcoin market. Now, Martinez’s outlook is that the two averages are converging again, signaling a potential top if Bitcoin holds above $91,400. Although the analyst did not provide a timeline for Bitcoin to remain above this level, it comes at a time when the digital currency is seeing short-term momentum, driven by supposedly easing trade tensions between the United States and China. More catalysts support Bitcoin to $150,000 In the same breadth, another cryptocurrency analyst, Ted Pillows, believes that Bitcoin will likely trade at $150,000 during this cycle but pointed to a different catalyst. In an X post on April 27, Pillows noted that a surge in global M2 supply could trigger Bitcoin’s rally, as the asset has historically tracked expansions in global liquidity. He also addressed concerns over misleading data suggesting a drop in India’s M2 supply, attributing it to a technical glitch. Even if M2 stabilizes, Pillows believes strong fundamentals and technical indicators position Bitcoin to surpass $150,000. Bitcoin/M2 supply chart. Source: Ted Pillows Meanwhile, as reported by Finbold, crypto trading expert TradingShot believes that Bitcoin has a chance of claiming $140,000 by August, citing the asset’s technical outlook and historical trends. Indeed, further on-chain data supports the possibility of Bitcoin hitting a new high, with insights from crypto analytics platform Santiment suggesting investors anticipate a continued price rebound for BTC. Specifically, as of April 26, over 40,000 BTC had been withdrawn from centralized exchanges within a week. Such a shift often signals a growing trend of investors moving their assets to cold storage, suggesting strong confidence in Bitcoin’s long-term value. More than 40,000 #Bitcoin $BTC have been withdrawn from exchanges over the past week! pic.twitter.com/Gytd1ZFWEV — Ali (@ali_charts) April 26, 2025 Historically, large exchange outflows are considered bullish for Bitcoin, as they reduce the amount of BTC available for sale on the open market. Bitcoin price analysis Bitcoin was trading at $94,177 at press time, down modestly by less than 0.1%. On the weekly timeframe, BTC is up over 11%. Bitcoin seven-day price analysis. Source: Finbold As Bitcoin has broken out on the weekly chart, the asset’s relative strength index ( RSI ), with a reading of 68.65, suggests it may be entering the overbought zone. Additionally, the price remains well above both the 50-day and 200-day simple moving averages (SMA), with the 200-day SMA currently at $86,241, reinforcing the strong upward trend. Featured image from Shutterstock The post This is the ‘only condition’ stopping Bitcoin from $150,000 top appeared first on Finbold .
Solana is trading at critical levels after a volatile week that saw major surges across the crypto market. While the rally has sparked optimism, analysts remain sharply divided. Some believe this is just a healthy correction within a broader bull cycle, while others warn that the crypto market may have already entered a new bear phase. Related Reading: Ethereum Flips Key Resistance Into Support – Can Bulls Reclaim $2,000 Level? For Solana, the next few weeks are expected to be decisive. Top analyst Inmortal shared insights on X, highlighting that within the next 30 days, the market will likely reveal whether Solana’s latest recovery attempt is a simple bear market bounce or the beginning of a bull market dip and new expansion. As Solana holds above key technical levels, price action will be critical to determine sentiment. The stakes are high, especially as macroeconomic uncertainty, driven by global trade tensions and monetary policy shifts, continues to cloud the broader financial landscape. Investors should stay cautious, but alert. Solana’s next move could set the tone not just for its own trajectory, but for the altcoin sector as a whole heading into the summer months. The clock is ticking on this crucial phase. Solana Approaches Critical Level Amid Sharp Recovery Solana has rebounded sharply from its April 7 local low around $95, gaining an impressive 54% in just a few weeks. Bulls have regained momentum as Solana trades near critical resistance levels, with analysts calling for a potential push above $160 in the short term. However, despite this strong recovery, risks of a downside reversal remain high. Since January, Solana has been one of the hardest-hit major cryptocurrencies. It lost over 65% of its value during the most recent downtrend, highlighting the intense selling pressure and increased speculation across the broader market. While the recent rally is encouraging, many are questioning whether it marks the start of a new bullish phase or just a temporary rebound within a larger bearish trend. Inmortal’s insights emphasize that May will be a decisive month for Solana. According to him, “you can’t imagine how vital May is.” Over the next 30 days, the market is expected to reveal whether Solana’s recent strength represents a simple bear-market bounce or the beginning of a true bull-market dip that could lead to further gains. The coming weeks will be critical, and Solana’s price action will likely set the tone for the entire altcoin market this summer. Related Reading: SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play? Price Action Details: Key Levels To Watch Solana (SOL) is trading at $146 after losing around 6% of its value since Friday. Despite the strong rally earlier this month, bulls are now facing increasing pressure to defend current levels. SOL must reclaim the $180 level, which aligns closely with the 200-day moving average (MA), to resume the bullish trend and regain market confidence. The $180 mark is critical because a decisive move above it would signal strength and open the door for a push toward higher resistance zones. Without this breakout, however, the current rally risks fading into another lower high, further weakening Solana’s structure. On the downside, losing the $140 level would be a major red flag for bulls. A sustained breakdown below this support could trigger a deeper correction, with price potentially dropping below the psychological $100 mark. Such a move would likely accelerate bearish sentiment and invite further selling pressure, especially as macroeconomic risks and global uncertainty continue to weigh on the crypto market. Related Reading: Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line? The next few days will be key for SOL. Bulls must act quickly to defend, support, and attempt a recovery, or risk opening the door to another major leg down. Featured image from Dall-E, chart from TradingView
Here’s how some of your favorite assets concluded the week.
This content is provided by a sponsor. PRESS RELEASE. The cryptocurrency market is abuzz with activity. Despite periods of volatility, recent trends in the crypto space reflect a resurgence of investor confidence. Major cryptocurrencies like Bitcoin and Ethereum have shown signs of stability, reigniting interest in the future potential of blockchain and associated technologies. However,
Sportswear giant Nike is reportedly facing a lawsuit following the closure of its non-fungible token (NFT) business. In 2021, Nike purchased RTFKT Studios, a collectibles firm known for creating viral sneaker designs, memes and other fashionable digital collectibles as it ventured into the metaverse, but the company shut down the project in December. Reuters reports that investors of Nike-themed NFTs and other crypto assets led by Australian resident Jagdeep Cheema filed a suit on Friday, claiming that they suffered significant losses as demand for their digital collectibles dropped following the announcement that RTFKT was winding down its operations. The investors say that they would not have bought the NFTs had they known that the tokens were unregistered securities. To date, the legal status of NFTs is not yet settled, and several lawsuits involve questions on whether or not these assets should be considered as securities. The suit also accuses Nike of orchestrating a “rug pull”, or the sudden abandonment of a project that leaves investors with worthless assets. The plaintiffs are seeking more than $5 million in damages for the alleged violation of consumer laws in New York, California, Florida and Oregon. Nike has not yet issued a statement regarding the lawsuit. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Investors Sue Nike, Accuse Apparel Giant of Rug Pull After Abrupt Closure of Metaverse Business: Report appeared first on The Daily Hodl .