On April 23rd, insights from the on-chain data analyst ai_9684xtpa reveal that a significant **SOL** whale has moved 39,015 **SOL** to **Binance**, amounting to approximately **$5.9 million**. This transaction could
Arthur Hayes, co-founder of BitMEX, believes upcoming U.S. Treasury bond buybacks could inject major liquidity into markets and send Bitcoin to $110,000, or even as high as $200,000. In an Apr. 23 Substack article , Hayes pointed to the Treasury’s plan to issue new debt to repurchase older, less liquid bonds, commonly called off-the-run Treasuries. These bonds don’t trade as frequently, so buying them back could help smooth out the bond market while offering arbitrage opportunities for institutional investors. Hayes points out that Treasury Secretary Scott Bessent will probably rely more on bond issuance and buybacks to maintain market stability, given the widening U.S. deficits and declining tax revenue. According to Hayes, this mechanism will function similarly to quantitative easing, which is a strategy used by central banks to boost the money supply and stimulate the economy. However, in this instance, liquidity conditions are being essentially eased by the U.S. Treasury rather than the Federal Reserve. He argues that by lowering the yields on older bonds, this buyback strategy will encourage investors to look for higher returns in riskier assets, such as cryptocurrencies. You might also like: Binance Research: U.S. Treasury issuance is a key macro area to watch At the same time, when bond markets become less volatile, investors will feel safer borrowing money to make bigger bets. This extra buying power can lead to larger price swings in riskier assets like Bitcoin ( BTC ), pushing prices up faster when as markets rise. Hayes points out that this pattern is similar to what occurred in late 2022 when a strong Bitcoin rally was fueled by growing market liquidity. He believes most investors are too focused on when the Fed will cut interest rates, overlooking the fact that the central bank has already slowed its quantitative tightening, which means it’s easing conditions behind the scenes. If liquidity keeps flowing, Bitcoin could reach $110,000 and then surge toward $200,000, Hayes predicted. And once BTC breaks that level, altcoins may see an even bigger surge as investors rotate into higher-risk assets. Read more: $600M liquidated from crypto market as Bitcoin crosses $93K amid cooling trade war concerns
A senior French central banker has warned that U.S. policy shifts promoting stablecoins could erode European monetary sovereignty in the absence of a digital euro. Denis Beau, first deputy governor of the Banque de France , warned that the Donald Trump administration’s recent executive order promoting dollar-backed stablecoins poses “concrete adverse consequences” for Europe’s financial sovereignty and called for urgent progress on a digital euro . In a speech last week, Beau noted that the dxecutive order , signed by U.S. President Donald Trump in late January, prohibits all work related to the development of a new form of central bank digital currency, promotes the development of dollar-backed stablecoins, and encourages citizens and businesses to use public blockchains. He warned that “without a central bank money-based payment solution,” private, non-European alternatives could dominate tokenized finance. “If the tokenisation of financial assets were to gather pace, the lack of a central bank money payment solution in euro might therefore threaten the role of central bank money as the anchor of the euro area’s monetary architecture, with concrete adverse consequences.” Denis Beau You might also like: The United States is unfocused on CBDCs | Opinion The first deputy governor of the Banque de France linked this trend to an increase in counterparty and liquidity risks, increased fragmentation of settlement, and ultimately a “loss of sovereignty and a weakening of financial stability.” Beau added that Trump’s new political direction “reinforces the need for Europe to preserve its monetary sovereignty, which means developing its payment sovereignty.” He also noted that Apple Pay and Google Pay have already established a strong foothold in Europe, while European payment systems remain fragmented and are steadily losing market share. Read more: ECB warns crypto laws too weak to resist Trump-era financial risks
Matrixport has recently shared insights on social media regarding the expanding landscape of cryptocurrency futures contracts. As of April 23rd, the firm highlighted a notable rise in open interest, fueled
Recent activity in U.S. spot bitcoin ETFs underscores a significant shift in investor sentiment, with net inflows reaching $936 million, the highest since January. This surge indicates growing institutional confidence
Crypto markets saw significant price increases, impacting short-sellers heavily. Investors are advised to adopt cautious strategies due to high volatility. Continue Reading: Crypto Market Surges: Short-Sellers Face Massive Losses The post Crypto Market Surges: Short-Sellers Face Massive Losses appeared first on COINTURK NEWS .
In a recent announcement on April 23, prominent crypto platform Binance Wallet expressed gratitude to its community by delivering a significant airdrop of USDT rewards. This initiative, in collaboration with
Polkadot [DOT] is currently seeing potential bullish momentum, yet traders should exercise caution in their next moves. The recent price action indicates that while there may be upward potential, overextending
Over the past 24 hours, Bitcoin short positions valued at approximately $280 million have been liquidated, indicating a strong upward movement in the cryptocurrency's price. Earlier reports noted that two wallets, likely controlled by the same entity, had shorted Bitcoin with six times leverage at prices around $92,469 and $92,665, with position sizes totaling $74.5 million and liquidation prices set above $107,000. The rapid liquidation of these short positions suggests a potential short squeeze and a shift in momentum favoring Bitcoin bulls. 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
Prominent trader Eugene Ng Ah Sio has signaled a major shift in his market outlook after Bitcoin (BTC) surged above $90,000. In a post on his personal channel, Eugene explained that the “downtrend has basically been negated” and that he now plans to explore long positions in altcoins as market sentiment shows signs of a revival. “Bitcoin has crossed $90,000 and the price has climbed my worry wall,” Eugene said. “If this continues, I will be looking for long opportunities in altcoins. The fanatical market sentiment will make a comeback in a wide range of altcoins and I will be digging deeper again.” This change of tone comes shortly after Eugene announced that he had closed out his short Bitcoin position at breakeven. He acknowledged the market’s renewed strength, noting that the previous trading range had been recovered and admitted that the ongoing rally had forced him to reevaluate his previous bearish stance. Related News: BREAKING: Donald Trump Speaks About Allegations That He Will Fire Fed Chairman Jerome Powell “Especially during the tariff panic, when altcoins seem to have bottomed out, I have to confront my bearish bias,” he said. “I am currently in a contradiction: logically, I think there is a lack of momentum for continued growth, but the price trend continues to reject that judgment.” Despite his doubts about the sustainability of the rally, Eugene said he would remain cautious, maintaining his net position for now. *This is not investment advice. Continue Reading: Chinese Trader Shares His Next Plans After Recent Bitcoin Surge