TL;DR The short and most probable answer to the question in the title is – no. On-chain data suggests that the transfer was internal, even though some community members believed it was whales withdrawing, while others speculated that it could be some sort of hack. Bitcoin Exchange Netflow. Source: CryptoQuant As the graph above demonstrates, the massive transfer took place on April 25 at block #893894, in which 25,177 BTC, valued at over $2.35 billion at the time, was moved from one of the exchange’s known wallets. CryptoQuant’s analyst Maartunn explained that such a sizeable transfer is “important to track because this size can affect market perception of traders, and the liquidity on exchanges.” X users were quick to comment below the post, with some speculating about whales removing massive portions of their BTC holdings out of the world’s largest centralized exchange to cold wallets. There could be some merit to this claim as whales have been accumulating in large portions lately. However, others brought some fear to the market, claiming that Binance might have become a victim of a hack, similar and even bigger than the one against Bybit from earlier this year. CryptoQuant’s analysis quickly refuted both theses, indicating that the move was most probably an internal transfer. “While the size of the transaction raised questions, all evidence suggests this was an internal movement, not a user withdrawal.” Maartunn noted that the confirmation will be evident in Binance’s proof of reserves report, which was scheduled to be released on May 1. However, the paper has not been published as of press time. Nevertheless, there seems to be little to no actual reason to worry, at least given the currently available information. BTC’s price was also largely unaffected by the transfer, as it’s actually up by a few grand from April 25. The post $2.35 Billion in BTC Moved From Binance: Should Investors Be Alarmed? appeared first on CryptoPotato .
Japan just pulled out the sharpest blade it’s got in the drawer — $1.13 trillion in US Treasury bonds. That’s what Finance Minister Katsunobu Kato waved in America’s face on Friday, right on national television. Asked if Japan would ever use its role as the world’s biggest foreign holder of US government debt as a weapon in trade talks with President Donald Trump’s administration, Kato didn’t blink. He said, “It does exist as a card,” and tossed that line like a lit match. “Whether or not we use that card is a different decision.” This wasn’t some offhand comment either. Japan has always avoided even talking about dumping Treasuries. But now, with Trump throwing around “ reciprocal ” tariffs like candy since April 2, Tokyo’s keeping its options open. That tariff stunt already sent US markets into a tailspin. Treasury yields spiked, bonds got dumped, and traders panicked. After the chaos, Trump paused the tariffs for 90 days, but of course, the damage was already done. Japan uses bond threat to push back on Trump’s tariff war Kato’s words landed hours after Ryosei Akazawa, Japan’s top trade negotiator, wrapped up another tense meeting in Washington. He sat down with Scott Bessent, Trump’s Treasury Secretary, and other White House officials. No details were made public, but diplomatic sources say they talked about US car imports, energy, and agriculture deals. The trade surplus with the US is a long-time sore spot, and Trump wants it cut—fast. The Japanese side might consider buying more American gas and farm goods. But that’s not happening without a fight. Kato, who met Bessent personally in the last week of April, is one of the key guys in this whole thing. And he’s clearly had enough. Analysts are calling it what it is: a warning shot. Nicholas Smith, chief Japan strategist at CLSA, said , “This is a street fight. Promising not to use one of your strongest, most brutal weapons would be both naive and reckless. You don’t need to use the weapon—just brandish it.” And that’s exactly what Kato did. It’s not just about Japan either. If China, which also holds a mountain of Treasuries, jumps in with a similar threat, the US bond market is screwed. Between Japan’s stash and China’s, the leverage is real. With Japan leading the charge now, they’ve opened the door to something much bigger. The prime minister of Japan has already called Trump’s trade war a “national crisis.” Kato taking this public shows just how fed up he and his top guys are. Jesper Koll, director at Monex Group, called the move shocking, especially from someone as careful as Kato. “The fact that the usually extremely guarded and diplomatic finance minister spoke up on national TV about what is arguably Japan’s biggest asset in dealing with America confirms the growing confidence of Japan’s elite in their dealings with the US,” Koll said. Negotiations between Akazawa and the Trump team are expected to ramp up through May, with a possible deal on the table by June. But Japan’s now fighting back with sharp elbows. They’re not just asking for “fairness.” They’re saying: Touch us again, and we torch the bond market. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The post BRETT Hits 108% Monthly Gains: Can it Rejoin the $1B MCAP Club? appeared first on Coinpedia Fintech News BRETT soared 108% this month, suggesting momentum is still alive despite a slight dip today. RSI is closing in on the historical rejection zone (79–81) that triggered two past sell-offs A rising MACD supports continued upside, but history says momentum could stall near $0.074–$0.082 resistance. If momentum weakens, $0.054–$0.057 offers a likely support zone. But if BRETT pushes through $0.074–$0.082, it could set off the next major leg up. The recent hype surrounding the Brett Carnival in Dubai for Token 2049 (May 1, 2025) has brought fresh attention and volume to the BRETT coin . The event, promoted by the official Brett account and partners like m3taweb3, served as a bullish catalyst that pushed prices upward in late April. Following the announcement on April 18, BRETT’s price jumped from $0.029 to $0.057 by April 23, a 96.5% rally in just five days that reignited bullish momentum. BRETT is trading at $0.06502 , up 2.46% in the past 24 hours , with a market cap of $644.43 million and a 24-hour trading volume of $49.28 million . To rejoin the $1 billion market cap club, a milestone it lost on January 19, 2025, BRETT would need to climb to approximately $0.10, reflecting a 55% upside from current levels.. BRETT/USD Sits Critical At RSI And Key Resistance Levels Looking at the BRETTUSD chart and on-chain metrics, the asset is showing signs of a maturing rally backed by strong short-term momentum. Over the past month, BRETT has gained 108%, supported by a consistent increase in volume (+17.95%) and renewed social buzz following its Token 2049 presence and Brett Carnival event in Dubai. Technically, RSI is currently at 69, just below the historical rejection zone (79–81) — which previously marked two sharp sell-offs, including one from its all-time high at $0.26 in DEC1 2024. In those cases, RSI crossing 79 led to immediate reversals within a few sessions. If RSI reaches that same zone again, traders should expect a test of the $0.074–$0.082 resistance, with a potential extension to $0.09–$0.10 if momentum strengthens. A push toward $0.10–$0.11, the estimated price needed for BRETT to reclaim a $1 billion market cap, would mark a psychological and technical milestone. Meanwhile, the MACD remains in bullish territory, with the signal line crossover intact, confirming upward bias. However, histogram bars are beginning to flatten, signalling slowing acceleration — a potential early warning for trend exhaustion. If buyers fail to push through the $0.074–$0.082 band, price may pull back toward support at $0.057, with deeper cushions near $0.045, where the previous breakout began. Whale Silence, Retail Surge: Chart Signals Maturing BRETT Rally Backed by Organic Momentum Only 12.19% of holders are in profit, while 79.22% remain at a loss, concentrated between $0.077–$0.13. If price revisits those zones in the coming 7–10 days, this could trigger aggressive profit-taking or fuel the rally if holders wait for higher prices. The IntoTheBlock chart reveals a sharp spike in large transactions—hitting nearly 180 txs on March 6 —indicating significant whale activity, possibly accumulation or distribution. Post-spike, large transactions dropped sharply, averaging 2–11 txs daily , even as BRETT’s price recovered from a low near $0.024 in early April to around $0.032 by April 30 . This divergence signals a shift from whale-driven moves to retail-led momentum. Notably, the 7-day high of 30 txs on April 26 aligns with renewed buying interest following the Dubai event. For traders, this suggests a maturing rally backed by organic demand, with whale inactivity hinting at untapped upside if momentum continues. Strategy Insight for Traders Expect upside momentum to persist for another 2–5 days, targeting the $0.074–$0.10 zone. If RSI reaches 80, be cautious: tighten stops or scale out partially. Failure to break $0.074 may result in a quick fade to $0.057, with full cooldown support at $0.045. Stay alert to MACD histogram shifts and RSI divergence for reversal signs.
South Korean game publisher Wemade’s crypto Wemix suffered a price collapse Friday after five of the country’s leading crypto exchanges announced plans to delist the token for a second time. The delisting news started a selloff that erased more than 60% of the token’s value within minutes. According to Coingecko data , Wemix fell from $0.7225 to $0.2757 in less than 15 minutes at around 3 PM South Korean time. Although it rebounded to approximately $0.38 at the time of publication, it remains down more than 45% compared to Thursday’s close. Wemix/South Korean won chart. Source: Coingecko The Digital Asset eXchange Alliance ( DAXA ), an industry coalition composed of Upbit, Bithumb, Coinone, Korbit, and Gopax, said it delisted Wemix because it was unsure about the token issuer’s reliability and security practices. “Based on a comprehensive review of the reliability of the issuer and security standards, we have decided to terminate trading support as it does not meet the criteria,” DAXA said in a statement. The exchanges will officially terminate trading support for Wemix starting June 2, effectively removing it from the domestic market for the second time. The token was previously delisted in 2022 and later reinstated in 2023. Security failures and delayed disclosure Wemix has been subject to a series of security incidents and accusations of lacking transparency. On February 28, the token experienced a cyberattack in which hackers exploited a vulnerability in Wemade’s systems and stole over 8.65 million Wemix tokens, worth approximately 9 billion Korean won ($6.38 million at the time). The theft came through the Play Bridge cross-chain protocol. Investors lambasted the Wemix Foundation for waiting four days before disclosing the incident to its users. The team defended the delay, claiming it was necessary to prevent panic selling. During that time, the token’s price plunged 40%, falling to $0.42. Authorities placed the token on an “investment caution” list earlier this year in response to pressure from investors and exchanges. On Friday, Bithumb said the foundation had failed to convince exchanges about the circumstances that led to the designation. Within hours on Friday, prices of Wemix coins plummeted from 1,200 won ($0.85) to just 401 won. Wemade’s stock also took a hit, closing the day down 17.45% at 23,650 won ($16.77) on the KOSDAQ , and is now down over 32% year-to-date. In a statement issued after the delisting, the Wemix team apologized to its community. “We want to clearly state that the foundation and Wemade have a commitment and belief in the growth of the WEMIX ecosystem, regardless of the domestic exchanges’ decision to terminate trading support,” the company said. To restore confidence, Wemade said it would continue with its previously announced token buyback plan to repurchase 10 billion Korean won ($7.1 million) worth of Wemix tokens. South Korean parliament acts to improve domestic market demand In other news, South Korea’s parliament approved a supplementary budget of 13.8 trillion won ($9.7 billion) on Thursday to boost the country’s sluggish domestic demand. The figure exceeded the government’s earlier proposal of 12.2 trillion won and includes allocations for wildfire relief, fruit subsidies, local voucher programs, and infrastructure spending. The decision follows data released last week showing a contraction in Asia’s fourth-largest economy during the first quarter. Investment in construction fell 3.2%, and both exports and consumption showed no growth. Meanwhile, the Bank of Korea could revise its 2024 growth forecast, currently set at 1.5%, during its May policy meeting. The International Monetary Fund has also cut its 2025 projection for South Korea’s growth from 2% to just 1% because of the weakening domestic market demand and global headwinds buoyed by US tariffs . Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Bitcoin's price surge is capturing attention as it approaches the significant $100K milestone . This market movement could signal a turning point for other digital currencies. Ethereum , Dogecoin , and XRP are showing signs of potential growth. The evolving market dynamics hint at exciting opportunities. Explore what this means for these cryptocurrencies and what could come next. Ethereum Price Dynamics: Assessing Levels After Recent Dips Over the last month, Ethereum experienced a modest decline of about 3.6%, and over the past six months it saw a sharper drop nearing 26%. The weekly gain of 3.8% hints at some recovery action, though the overall trend remains weak. The price trajectory reflects a period of selling pressure with sporadic short-term rallies that failed to reverse the longer-term downtrend. The current price action finds Ethereum trading between $1,468 and $2,037. Buyers face resistance around $2,280 and $2,850, while support appears solid near $1,142. Bulls are trying to step in within this range, though the lack of a clear trend calls for cautious trades near key support and resistance levels. Dogecoin: Month Gains and Six-Month Rally Point to a Critical Price Range Dogecoin showed a steady rise over the past month with a gain of 3.68%, while a slight weekly drop of 1.15% added some short-term hesitance. Over the last six months, the coin advanced by about 12.48%, reflecting gradual recovery and positive sentiment among traders. The past performance indicates a mix of small corrections and sustained upward progress. DOGE currently trades between $0.1371 and $0.2002, with resistance spotted near $0.2281 and a primary support at $0.1019. Price action remains confined within these levels, with technical signals hinting at a modest bullish tilt. Traders may look to purchase near the support area, watching for a breakout toward resistance for further upside potential. XRP’s Explosive Growth and Current Price Dynamics Over the past month, XRP increased by about 3.64%, while the six-month growth soared to an impressive 334.31%. Price movement has remained within the range of $1.75 to $2.50, indicating a strong upward trend. This long-term gain reflects renewed market interest and support for XRP, highlighting its potential in the current financial landscape. Current levels show immediate resistance at $2.80 and support at $1.31, with further resistance at $3.55 and support near $0.56. Bulls are currently in control, but the overall trend is cautious as prices test these key levels. Trading ideas suggest buying on dips close to $1.31 while monitoring for breakthroughs past $2.80 to confirm ongoing bullish momentum. Conclusion ETH , DOGE , and XRP are showing signs of a potential shift. Bitcoin's rise towards $100K is creating buzz. This could lead to increased interest in these three coins. It's a critical time for ETH, DOGE, and XRP as they might follow Bitcoin's upward trend. Investors are closely watching these developments. The market dynamics are changing, and these coins may be set for new opportunities. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
In a significant move signaling continued institutional confidence in the leading cryptocurrency, Japanese publicly listed firm Metaplanet has announced plans to substantially increase its Bitcoin holdings. The company, which has already made waves with its previous Bitcoin acquisitions, is leveraging financial instruments to fuel its Bitcoin investment strategy. Why is Metaplanet Doubling Down on Metaplanet Bitcoin? Metaplanet shared on the social media platform X that it is issuing 3.6 billion yen, equivalent to approximately $24.7 million, in zero-percent ordinary bonds. The stated purpose of this bond issuance is explicitly to purchase additional Bitcoin (BTC). This decision underscores Metaplanet’s strategic shift towards adopting Bitcoin as a core treasury asset. Public companies investing corporate funds into volatile assets like Bitcoin is a trend pioneered by firms like MicroStrategy in the West, and Metaplanet appears to be championing this approach in Japan. Key details about the bond issuance: Amount: 3.6 billion JPY ($24.7 million) Type: Zero-percent ordinary bonds Purpose: To acquire more Bitcoin By issuing zero-percent bonds, Metaplanet is essentially taking on debt at no interest cost, making the capital acquisition highly favorable, assuming they can deploy it effectively into an asset they believe will appreciate, like Bitcoin. What Does This Mean for Japan Bitcoin Adoption? Metaplanet’s actions are particularly noteworthy given its location. As a publicly traded company in Japan, its aggressive Japan Bitcoin strategy could influence other Japanese corporations. Japan has a unique regulatory landscape for cryptocurrencies, and a mainstream company embracing Bitcoin as a treasury reserve asset sends a strong signal to the local market and potentially the broader Asian financial sector. While regulatory clarity and corporate risk aversion have sometimes been cited as hurdles for widespread crypto adoption among traditional Japanese businesses, Metaplanet is demonstrating a different path. Their increasing exposure to Bitcoin positions them as a potential leader in the Corporate Bitcoin adoption space within the country. Metaplanet’s Growing Bitcoin Investment Portfolio Prior to this planned purchase, Metaplanet already held a substantial amount of Bitcoin. The company reported holding a total of 5,000 BTC. At current market prices (which fluctuate), this existing holding alone represents a significant investment. Adding another $24.7 million worth of Bitcoin will significantly boost their total holdings. This continuous accumulation strategy suggests a long-term conviction in Bitcoin’s value proposition as a store of value and a hedge against potential economic instability or currency devaluation. This approach is similar to the strategies employed by other firms globally who view Bitcoin as ‘digital gold’ or a superior reserve asset compared to traditional fiat currencies or low-yield bonds. Is This a Trend? Exploring Corporate Bitcoin Strategies Metaplanet’s move is part of a growing, albeit still relatively small, trend of public companies adding Bitcoin to their balance sheets. This Bitcoin investment strategy is often driven by a desire to preserve capital against inflation, seek uncorrelated asset returns, or simply gain exposure to a burgeoning digital asset class. While companies like MicroStrategy are the most prominent examples with billions of dollars in Bitcoin holdings, Metaplanet’s consistent acquisitions highlight that this strategy is not limited to just one or two firms and is gaining traction in different geographical markets. The issuance of Metaplanet bonds specifically for Bitcoin purchase is a notable financing method. It indicates the company’s willingness to use its balance sheet and leverage to acquire the asset, signaling high conviction. Benefits highlighted by companies pursuing this strategy often include: Potential hedge against inflation Long-term store of value potential Diversification of treasury assets Attracting investor interest in the digital asset space Challenges and risks include: Bitcoin’s price volatility Regulatory uncertainty Custody and security risks Accounting and tax complexities Despite the risks, Metaplanet’s continued investment demonstrates a calculated decision to navigate these challenges for the perceived long-term benefits of holding Bitcoin. What Are the Actionable Insights? For investors and market watchers, Metaplanet’s bond issuance and planned Bitcoin purchase offer several insights: Growing Institutional Interest: It reinforces the narrative that institutional and corporate interest in Bitcoin remains strong, extending beyond just investment funds. Japan’s Role: It positions Japan as a market where corporate crypto adoption is actively happening, potentially paving the way for others. Financing Methods: It showcases how companies are creatively financing Bitcoin acquisitions, even through debt instruments like zero-percent bonds. Long-Term Strategy: It indicates that for some companies, Bitcoin is not a short-term trade but a long-term treasury reserve strategy. This development suggests that the trend of corporate balance sheets holding Bitcoin may continue, potentially influencing market dynamics and further integrating Bitcoin into traditional finance. In Conclusion: Metaplanet’s Bold Bitcoin Bet Metaplanet’s decision to issue $24.7 million in zero-percent bonds specifically to buy more Bitcoin is a clear affirmation of its commitment to its Bitcoin-centric treasury strategy. With existing holdings of 5,000 BTC, this additional purchase will significantly increase its exposure. This move is not only important for Metaplanet but also serves as a notable example of corporate Bitcoin adoption within Japan, potentially inspiring other firms in the region and globally to consider similar strategies. It underscores the growing conviction among some public companies that Bitcoin deserves a place on their balance sheets as a long-term store of value and a hedge. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption.
According to CoinGecko data reported on May 2nd by COINOTAG News, Upbit has seen a notable surge in its trading volume, which hit an impressive $23.80 billion within the last
Blockchain developer Aztec Network officially launched its public testnet yesterday, May 1, for its Ethereum-based Layer 2 (L2), introducing what the team calls the “first fully programmable privacy solution” for blockchain. The testnet lets developers begin building decentralized applications (dApps) with customizable privacy features that integrate directly with Ethereum’s infrastructure, according to a press release viewed by The Defiant. This milestone follows eight years of development, a $100 million Series B led by a16z crypto, and successful trials involving over 100 sequencers across Aztec’s DevNet and ProverNet. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Bitcoin’s surge pushes its market dominance to 64.89%, marking a significant recovery as the price approaches $100,000 amidst evolving market dynamics. The cryptocurrency has seen a dramatic rise in dominance
After a minor setback, bitcoin ETFs roared back with $422 million in net inflows, led by Blackrock’s IBIT. Ether ETFs also ended the day positively, adding $6.49 million to continue their recovery. Bitcoin ETF Inflows Surge After Brief Pause Along With Decent Recovery for Ether ETFs A brief pullback was quickly forgotten as U.S. bitcoin