The post Altcoin Season 2025 Has Arrived, Santiment Data Shows appeared first on Coinpedia Fintech News Traders are convinced the altseason is either here or just about to explode. After Bitcoin’s massive surge last week, profits are flooding into riskier assets, setting the stage for altcoins to take the spotlight. Bitcoin has held strong above $94,000 despite macro uncertainty. While altcoins have remained relatively neutral today, they have posted gains of 5-13% over the past week. The latest Santiment analysis shows a rise in both price action and the social media volume across the crypto market in the past week. Bitcoin leads the way with a 23.21% rise in social volume, followed by Ethereum, XRP, and meme coins like TRUMP and PEPE seeing notable attention. Wrapped TRON, TRUMP Tokens Surge 150% On the price side, several altcoins outperformed, with Wrapped TRON and Trump-themed tokens posting massive gains of over 150%. Sui, UGold, and PEPE were among the top gainers. The total market cap grew over 10% to $3.81 trillion, and the trading volume surged 21.38%, which shows growing momentum in the market. The TRUMP token spiked both in price and social volume around April 23, driven by strong community hype before slightly cooling off. There has been a rising interest in altcoins over the past month. The increase in social volume and BTC price strongly hints at an upcoming altseason. Altcoins Gain Attention as Social Volume Peaks The social volume for altcoins has also steadily increased, peaking around April 23-26. Altcoins’ share of total discussions rose after April 17, which shows that market participants are shifting focus to higher-risk, higher-reward assets. Bitcoin’s price has also been rising, which creates a favorable condition for an altcoin rally. Although there was a slight pullback in volume and dominance, it could be a temporary sign to stay cautious in the short term. It is also important to note that there has been a big jump in discussions around memecoins like Doge. Analyst Ash Crypto , in his recent X post, warned users against selling altcoins at a 50% loss, suggesting that holding them could lead to gains (5x-20x) in the next year. Despite the challenges of the 2022 bear market and the possible future crash due to tariffs, he believes that trillions in new crypto investments will flow in 2025 through Quantitative Easing.
Spot Bitcoin ETFs attracted $591 million in net inflows in a week. Bitcoin price regained stability, briefly exceeding $95,000. Continue Reading: Investors Pour $591 Million into Bitcoin ETFs, Sparking Price Surge The post Investors Pour $591 Million into Bitcoin ETFs, Sparking Price Surge appeared first on COINTURK NEWS .
Get ready to dive into the latest significant move in the institutional crypto space! A substantial crypto transfer has caught the eye of blockchain watchers, involving major players like Galaxy Digital and Coinbase . When large sums of digital assets shift hands, especially from wallets linked to prominent financial firms, it always raises questions and prompts analysis within the community. This particular movement, involving a considerable amount of Ethereum ( ETH ), is no exception. What Happened with Galaxy Digital’s ETH? According to reports from the blockchain analytics platform Lookonchain, citing data from Arkham, wallets identified as belonging to the crypto financial services giant, Galaxy Digital , recently executed a significant move. Over a period of eight hours, these wallets transferred approximately 23,900 ETH . At the time of the report, this amount of Ethereum was valued at a staggering $42.52 million. The destination for this large volume of ETH was identified as the major cryptocurrency exchange, Coinbase . This isn’t just a typical retail transaction. Moves of this magnitude, originating from wallets linked to institutional entities like Galaxy Digital , are often indicative of strategic decisions related to trading, liquidity management, or other financial operations within the crypto market. Tracking these movements provides valuable insights into the activities of large-scale participants. Understanding the Role of OTC Wallets The report specifically mentioned that the funds originated from OTC wallets linked to Galaxy Digital . But what exactly are OTC wallets, and why is their activity noteworthy? OTC stands for Over-The-Counter. OTC desks facilitate large trades directly between two parties, bypassing public exchanges like Coinbase ‘s retail or standard trading platforms. This is often preferred by institutional investors and high-net-worth individuals for several reasons: Minimize Price Impact: Large buy or sell orders placed directly on an exchange can significantly move the market price. OTC trades happen off-exchange, reducing this risk. Privacy: While blockchain transactions are public, linking them directly to a specific entity’s wallet involved in a large OTC deal requires sophisticated analysis, offering a degree of privacy compared to public order books. Execution Certainty: OTC desks can guarantee a specific price for the entire large order, unlike exchanges where large orders might be filled at multiple prices as the market moves. Therefore, the movement of funds from OTC wallets to an exchange like Coinbase could suggest that the ETH was being prepared for a potential sale or for use in trading strategies facilitated by the exchange’s infrastructure. It highlights the ongoing activity in the institutional OTC market, where large volumes of digital assets are frequently traded away from the public eye. Why Move Funds to Coinbase? Moving such a large sum of ETH to Coinbase , a leading cryptocurrency exchange, can signal several possibilities for Galaxy Digital : Preparation for Sale: The most common interpretation of funds moving from institutional wallets to exchanges is that the holder intends to sell the assets. Selling 23,900 ETH on Coinbase would provide liquidity. Liquidity Management: Galaxy Digital , as a financial services firm, manages significant digital asset holdings. Moving ETH to an exchange could be part of their broader strategy for managing liquidity, facilitating lending, or engaging in yield-generating activities available on the platform. Trading Purposes: The funds could be moved to participate in active trading strategies on Coinbase , potentially involving pairs other than ETH/USD, or utilizing derivatives products if applicable. Internal Transfers: While less likely for such a specific move to an exchange from an OTC wallet, it could theoretically be related to internal restructuring or allocation of assets within Galaxy Digital . Given the nature of Galaxy Digital ‘s business, which includes trading, asset management, and advisory services, any of these reasons are plausible. The sheer size of the crypto transfer , however, makes it a notable event for market observers. Implications of This Large Crypto Transfer While an OTC trade itself doesn’t directly impact public exchange prices, the subsequent movement of assets to an exchange like Coinbase can have implications. If the transferred ETH is indeed intended for sale, it represents potential selling pressure entering the market. However, it’s crucial to remember that the presence of funds on an exchange doesn’t automatically mean they will be sold immediately or all at once. Market participants often watch these large institutional transfers closely. They can influence sentiment, leading some traders to anticipate potential price movements. For ETH holders and traders, this move by Galaxy Digital serves as a data point indicating potential institutional activity that could affect supply dynamics on exchanges. Key Takeaways: A significant volume of ETH ($42.52M) moved from wallets linked to Galaxy Digital . The funds originated from OTC wallets , highlighting institutional trading activity. The destination was Coinbase , a major exchange, suggesting potential preparation for sale or liquidity management. This crypto transfer is being monitored by analysts using platforms like Lookonchain and Arkham. The Growing Transparency Through Blockchain Analytics This event underscores the increasing transparency offered by blockchain analytics platforms like Lookonchain and Arkham. These tools allow anyone to trace the flow of digital assets, even those originating from institutional players and OTC wallets . While the identities behind all wallets aren’t always public, sophisticated analysis can link addresses to known entities like Galaxy Digital , providing unprecedented insight into market structure and participant behavior. This transparency is a key benefit of public blockchains, offering a contrast to the often opaque world of traditional finance. What Does This Mean for You? For the average crypto enthusiast or investor, this specific crypto transfer by Galaxy Digital isn’t necessarily a direct call to action. However, it’s a valuable piece of information for understanding the broader market landscape. It confirms that large institutions remain active in the space, utilizing both OTC channels and major exchanges like Coinbase for their operations. Keeping an eye on such institutional flows, often reported by analytics firms, can help inform your perspective on potential market dynamics and sentiment, particularly concerning assets like ETH . In Conclusion The movement of $42.52 million in ETH from Galaxy Digital ‘s OTC wallets to Coinbase is a significant event in the institutional crypto world. It highlights the continued use of OTC desks for large-volume trades and the subsequent use of exchanges for potential liquidity or trading activities. While the exact intention behind this specific crypto transfer remains known only to Galaxy Digital , blockchain analytics provide the transparency for the market to observe and interpret such large-scale movements. As the crypto market matures, understanding the actions of major players like Galaxy Digital becomes increasingly important for navigating its complexities. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action .
Arizona’s legislature has passed a pioneering measure that could allow the state to invest billions of dollars in Bitcoin (BTC) and other cryptocurrencies. The legislation, known as S.B. 1025, permits state public funds to allocate up to 10% of their managed assets into digital assets, positioning Arizona as a leader in the integration of digital assets into public finance. First State To Invest In Bitcoin According to Bloomberg, the newly passed bill defines eligible investments as any “digital representation of value” not based on the US dollar or foreign currencies. This broad definition is designed to encompass a variety of digital assets, including Bitcoin and non-fungible tokens (NFTs). Additionally, the legislation establishes a Digital Assets Strategic Reserve Fund, intended to hold seized cryptocurrency assets and future appropriations. The fund will mandate on-chain auditability and standardized risk controls, ensuring transparency and security in managing these investments. Arizona’s legislative action reflects a growing trend among US states, including Texas, Florida, and New Hampshire, which are exploring Bitcoin-backed reserve strategies. These states aim to attract blockchain innovation and diversify their public asset portfolios. If signed into law, Arizona would become the first state in the nation to formally hold Bitcoin in its treasury, setting a significant national precedent for the integration of cryptocurrencies into public finance frameworks. Following the legislative vote, Bitcoin was trading near $95,000, having recently made a 25% recovery from its monthly lows earlier in April. This renewed interest among institutional investors, coupled with Arizona’s move to recognize Bitcoin as a sovereign reserve asset , is contributing to positive market momentum. Governor Hobbs’ Decision Loom Arizona’s total public assets under management (AuM) exceed $31.4 billion as of 2025. Under Senate Bill 1025, the state could allocate up to $3.14 billion to invest in digital assets, including Bitcoin and NFTs. This allocation would make Arizona the second-largest institutional holder of Bitcoin among US public entities, surpassing notable corporate holders like Tesla and Marathon Digital, the latter being the largest Bitcoin mining firm. The legislation emphasizes that all investments in digital assets must comply with standard fiduciary risk management protocols. This requirement aims to protect public funds from the inherent volatility and custodial risks associated with cryptocurrency investments. By mandating high liquidity and high-security instruments, Arizona is prioritizing the safety of its public assets while venturing into the digital currency space. Despite the bill’s passage, Arizona Governor Katie Hobbs has not yet indicated her position on the Bitcoin legislation. Following a recent bipartisan agreement on disability funding disputes, she eased a previous veto threat. However, her signature on the bill will be crucial; it would immediately authorize the allocation process for investing in digital assets . Conversely, a veto could halt the bill and pause all associated budgetary allocations. Featured image from DALL-E, chart from TradingView.com
An analyst has explained how a Dogecoin monthly close above this level could pave the way for the memecoin to retest its all-time high (ATH). Dogecoin Is Trading Around The Lower End Of An Ascending Channel In a new post on X, analyst Ali Martinez has shared a technical analysis (TA) pattern that the monthly price of Dogecoin has been showing recently. The pattern in question is an “Ascending Channel,” which is a type of Parallel Channel. Parallel Channels form when an asset’s price consolidates between two parallel trendlines. The upper line is likely to provide resistance in the future, while the lower one support. A break out of either of these levels can imply a continuation of trend in that direction. Related Reading: Why Has Bitcoin Rally Stalled? On-Chain Data Provides Hints Parallel Channels can be of three types. The most basic one involves trendlines that are parallel to the time-axis. This case emerges when consolidation happens in a sideways manner. The other two types form when the asset consolidates at an angle. When this happens in the up direction, the channel forming is known as an Ascending Channel. Similarly, a downward consolidation results in a Descending Channel. In the context of the current topic, the former of the two is of interest. Since an Ascending Channel represents a phase of net upward consolidation in the price, its upper line connects together higher highs and the lower one higher lows. Below is the chart shared by the analyst that shows the Ascending Channel that the 1-month price of Dogecoin has been stuck inside for the last several years. As is visible in the above graph, the 1-month Dogecoin price has recently fallen to the lower level of this long-term Ascending Channel and appears to be slipping under it. If the memecoin now sees a sustained move down, a breakout toward the downside could be confirmed. In the scenario that it can recover above the lower level of the channel again, however, its path may once again become that charted out by the pattern. The bottom level of the Ascending Channel isn’t the only one that the asset is very close to breaking above; there is also the 0.786 Fibonacci Retracement level. Fibonacci Retracement levels are based on ratios from the famous Fibonacci series. The 0.786 Fibonacci Retracement line from the chart is situated around the $0.20 price level. The next major level, the 1.000 Retracement, corresponds to DOGE’s ATH of around $0.74. Related Reading: Ethereum Whales Sell, But Bitcoin’s Key Investors Are Buying As Martinez explains, If Dogecoin $DOGE can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest. DOGE Price At the time of writing, Dogecoin is trading around $0.17, up over 9% in the last week. Featured image from Dall-E, charts from TradingView.com
A new private membership club in Washington, D.C., called Executive Branch, co-founded by Donald Trump Jr., is making headlines with its $500,000 membership fee and an existing waiting list. The club, which held a launch party over the weekend, attracted prominent figures including crypto czar David Sacks, Gemini exchange founders Tyler and Cameron Winklevoss, and
DOGE's bullish setup is strong, despite subdued network activity.
Bitcoin’s recent upward momentum appears to have slowed after climbing nearly 10% over the past week. Following a move above $95,000, Bitcoin is currently trading at $94,686, reflecting a modest 0.7% gain over the past 24 hours. Although the asset has demonstrated resilience following its recent correction, its latest price action indicates a pause in its upward momentum as market participants reassess near-term direction. So far, analysts have looked into BTC’s spot market activity and key on-chain indicators to determine whether Bitcoin can sustain its broader recovery. New insights from CryptoQuant analysts particularly highlight important developments related to buying and selling behavior on major exchanges, alongside critical metrics that could influence the confirmation of a continued bullish trend. These metrics may provide clues as to whether Bitcoin can maintain its current levels or if additional corrective phases are possible. Related Reading: Bitcoin MVRV At Critical Breakout Point – Is A Price Rally Imminent? Binance Spot Buying Volume Outpaces Selling for the First Time in Six Months According to CryptoQuant analyst Joao Wedson, a significant shift has occurred in Bitcoin’s spot trading activity on Binance. For the first time in six months, the Cumulative Volume Delta (CVD) on Binance spot markets has turned positive, meaning cumulative buying volume is now exceeding selling volume. The CVD measures the accumulated difference between buy and sell volumes, providing insight into the net pressure in the spot market over time. Wedson noted that since Bitcoin’s recent low around $75,000, the Binance Spot CVD has been trending upward, suggesting growing buying interest relative to selling. Historically, Binance’s spot CVD has shown a consistent downtrend since 2021, with limited periods of sustained positive momentum. Given Binance’s influence as the largest global exchange, the recovery of the CVD metric is being viewed as an important development to gauge risk appetite and broader market sentiment. Bitcoin STH-Realized Price Emerges as a Key Threshold for Bull Run Confirmation In a separate analysis, another CryptoQuant analyst, CryptoMe, emphasized the importance of Bitcoin’s relationship to the Short-Term Holder Realized Price (STH-Realized Price) when evaluating the sustainability of a bull market. The STH-Realized Price represents the average purchase price of coins held by short-term holders, typically considered an important support or resistance level during market cycles. CryptoMe explained that during historical bull runs, Bitcoin tends to maintain its price above the STH-Realized Price. In the current environment, Bitcoin is testing this level, and its ability to decisively break above it could signal a continuation of bullish momentum. Related Reading: Bitcoin Perpetual Swaps Signal Short Bias Amid Price Rebound – Details The analyst advised that as long as Bitcoin remains below the STH-Realized Price, maintaining a hedge in derivatives markets could be a prudent strategy. Conversely, if the price moves above this threshold, closing hedge positions and focusing on spot investments could align with market structure trends. Featured image created with DALL-E, Chart from TradingView
Decentralized exchange (DEX) aggregator 1inch has launched on Solana, marking a significant step toward its vision of a “unified multichain” decentralized finance (DeFi) ecosystem. According to a press release shared with Cointelegraph, the integration enables users to trade over 1 million Solana-based tokens directly through the 1inch decentralized application (DApp), benefiting from maximal extractable value-protected swaps, optimized rates and open-source smart contract infrastructure. The move brings 1inch’s Fusion protocol to Solana for the first time. Fusion enables users to define their ideal swap parameters, which are then executed by competing professional market makers, or “resolvers,” using Dutch auction mechanics. Combined with Solana’s ultra-fast block times, the setup promises more efficient and seamless trading execution than other networks. A 1inch representative told Cointelegraph that users could expect “minimal fees” when executing swaps on Solana. “Users may expect costs of less than one cent,” they said. Related: Solana’s Loopscale pauses lending after $5.8M hack 1inch to launch crosschain swaps for Solana In addition to enabling Solana-based swaps, 1inch revealed plans to roll out crosschain functionality in the coming months, aiming to allow swaps between Solana and more than 10 other blockchains already supported by 1inch. “At this stage, there is no fixed launch date,” the 1inch representative said. “However, development is progressing well, and we expect the feature to go live in the coming months.” 1inch’s crosschain swaps functionality. Source: 1inch The representative said that crosschain swaps will initially support the 10 blockchains already integrated into 1inch’s crosschain swap ecosystem. The final list will be confirmed closer to launch. 1inch’s expansion into Solana comes as the blockchain has outperformed Ethereum and layer-2 networks in several key DeFi metrics. Over the past three months, it posted a 33% higher DEX trading volume ($539 billion), handled 400% more transactions, and hosted 180% more active addresses than its rivals, according to data from Dune Analytics. Related: Solana whale sits on $153M profit after 4-year staking play “Both Solana and Ethereum play critical roles in the evolving DeFi landscape,” the 1inch representative said. They said that while Ethereum’s network effects and liquidity depth continue to dominate today, Solana’s performance improvements and growing adoption make it a serious contender. The integration also includes access to six APIs through the 1inch Developer Portal, giving builders tools to create new DApps and services on top of the 1inch-Solana infrastructure. On Sept. 12, 2024, 1inch first revealed the details of its solution to crosschain interoperability issues when it published a white paper about the intent-based, crosschain interoperability protocol it was developing. On Sept. 18, 2024, the DEX aggregator revealed “Fusion+” to allow users to swap their digital assets crosschain while retaining self-custody of the assets. Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race
The new all-time high for network activity in the Ethereum ecosystem underscores the platform’s continued dominance in the decentralized application and smart contract sectors. A staggering 15.4 million active addresses buzzed with activity just last week. In stark contrast to the Layer 1 noise, Ethereum’s Layer 2 networks hummed along at a record 6.65 times more activity than Ethereum’s own Layer 1 (which is quite the circumspect conundrum, if you think about it). All of this is good news for Ethereum—an almost undisputed foundation for on-chain activity and value—and not just because it makes a good segue into the not-so-nice underlying economic picture. Record Activity and L2 Growth Signal Strength—And Strain The rapid growth in active addresses and L2s indicates that user demand and innovation across Ethereum are off the charts. At the same time, however, the unmitigated success of Ethereum and L2s leads to intensifying economic pressure for the Ethereum base layer. As Ethereum scales and becomes more friendly to L2s—thanks to the development of such technologies as “blobspace”—it is giving up the most profitable parts of its economy: gas fees during times of network congestion and the fat margins associated with MEV (Maximum Extractable Value). Ethereum Ecosystem just hit a new ALL-TIME HIGH! 15.4M active addresses +62.7% surge in just 7 days Layer 2 dominance at record 6.65x ETH is scaling and thriving. Ignore the noise. pic.twitter.com/Lb1XqSiJj3 — Leon Waidmann (@LeonWaidmann) April 28, 2025 Ethereum is positioning itself as a settlement and data availability layer for the long-term scalability of DApps. The immediate implication of this is that most of the transaction revenue is now being captured by Ethereum’s Layer 2 solutions. These solutions, in particular, the recent rollup designs, are functioning quite well; in fact, they’re doing so well that they’re returning over 90% profit margins, which is quite a bit lower than what was being returned last year. And on top of that, these profit margins are being returned by Layer 2 solutions that are now processing the bulk of transactions in the Ethereum economy. Compounding this issue further is the growing trend of apps seizing their own MEV, rather than permitting L1 validators to extract it. Innovations like Aave’s integration with Chainlink’s Secure Value Recovery (SVR) allow DeFi protocols to directly reclaim MEV that would otherwise leak to miners or validators. Moreover, major applications like Uniswap are considering or have already launched their own app-specific chains or L2s—pushing even more value capture away from Ethereum’s base layer. The challenge with Ethereum’s economics today is that $ETH is losing ground on two fronts currently Ultrasound Money (Revenue): L1 revenue has been deteriorating due to Ethereum forfeiting the most valuable part of the stack (congestion gas pricing fees + MEV) to L2s, while… pic.twitter.com/5QuGHBov6N — Zach Rynes | CLG (@ChainLinkGod) April 28, 2025 The Revenue Challenge: Can Ethereum Scale Fast Enough? This shift in value flow means Ethereum must now support an “insane” amount of on-chain volume and activity to sustain a meaningful revenue model. In contrast to its 2021 peak, when high fees created a lucrative environment for the protocol and its validators, today’s race to lower transaction costs—while positive for users—threatens the sustainability of Ethereum’s core economics if the volume doesn’t scale up proportionally. The real success of Ethereum’s scaling roadmap may undermine its capacity to produce sizable revenue unless it hits an adoption level well above present standards. In a world where L2s are hyper-efficient, Ethereum must ensure that a truly massive volume of transactions get settled on-chain to counteract the ever-thinning margins we’re taking per transaction. Ethereum faces a serious revenue problem. That’s hardly news. But the stakes are higher than they might seem, as innovations like account abstraction and paymaster systems take away the need to hold ETH for gas. If access to Ethereum’s Layer 2 (L2) networks and every asset issued on Ethereum doesn’t require holding Ethereum itself, what’s the incentive to maintain the token as even a store of everyday value? As the very systems that Ethereum enabled become ever more sophisticated, L2s still appear to be in their infancy. A Modest ETF Rebound Offers a Glimmer of Optimism Notwithstanding these structural issues, Ethereum was able to bask in a ray of sunshine last week. Following not one, but eight full consecutive weeks of outflows, U.S.-based spot Ethereum ETFs recorded a net inflow of $157 million. While this would be modest in any scale of comparison to the mega-inflows being directed toward Bitcoin ETFs, it could well be a nascent turn in institutional sentiment toward Ethereum itself. The renewed interest could also conflate something as well: Ethereum’s long-term potential, especially as the network itself evolves toward a scalable, modular architecture. During the last trading week (April 21 to April 25, ET), spot Bitcoin ETFs recorded a net inflow of $3.06 billion, marking the second-highest weekly inflow in history. Spot Ethereum ETFs ended an eight-week streak of net outflows, posting a net inflow of $157 million last week.… — Wu Blockchain (@WuBlockchain) April 28, 2025 Nevertheless, this by itself might not suffice to counter the imminent problems facing Ethereum’s economic design. The network has to find a way to balance the conflicting demands of scalability and decentralization against the not-too-distant prospect of its native token losing much of its value. To summarize, Ethereum is at a crossroads. Its ecosystem has never been more active or dominant, yet its economic underpinnings seem to be shifting from the original design. If Ethereum can adapt its economic model to fit with its technological trajectory, it will have met one of the most important challenges facing any blockchain platform. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. 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