SNB avoids cryptocurrencies due to risks from liquidity and price volatility. Research indicates potential gains from a small allocation of crypto assets. Continue Reading: Switzerland’s Central Bank Stands Firm Against Cryptocurrency Risks The post Switzerland’s Central Bank Stands Firm Against Cryptocurrency Risks appeared first on COINTURK NEWS .
North Korean cyber operatives reportedly established two fake U.S. businesses using false identities to bypass Treasury sanctions and target cryptocurrency developers with malware. Hackers Target Unsuspecting Job Applicants North Korean cyber operatives reportedly set up two fraudulent businesses in the United States, evading Treasury sanctions to infect cryptocurrency developers with malware. The entities, Blocknovas LLC
David Sacks, President Donald Trump's designated Crypto Czar, has stated that forthcoming Federal Reserve regulatory changes will open banking services to Bitcoin and other cryptocurrencies. Sacks emphasized that this move is expected to drive broader mainstream adoption of crypto assets in the United States. This development aligns with ongoing discussions about cryptocurrency custody challenges at the Securities and Exchange Commission and broader international trade considerations, including China's contemplation of removing 125% tariffs on U.S. medical devices and semiconductors. 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
Stripe, a global payments platform, is building a new US dollar stablecoin product for companies based outside the United States, the United Kingdom and Europe in a move that may further expand the footprint of the dollar around the world. Stripe CEO Patrick Collison confirmed the product on X, posting an invitation for companies interested in testing the solution. The move gained traction after Stripe recently received regulatory approval to acquire the stablecoin payments network Bridge. Bridge's network competes with banks and companies that use the SWIFT system, a global financial messaging network that facilitates international wire transfers. Two former Coinbase executives, Zach Abrams and Sean Yu, co-founded the company in 2022. Source: Patrick Collison Related: Former Square, Coinbase execs raise $58M for Bridge stablecoin network Stablecoin adoption grows in 2025 Stripe has a long-standing history with crypto, becoming the first major payments processor to integrate Bitcoin (BTC) in 2014. However, it discontinued support due to Bitcoin’s long transfer times and high transaction fees. The company began rebuilding its crypto team in 2021 as part of a renewed push into the space. Stripe has recently accelerated that push. In October 2024, the company introduced a stablecoin payment option, which users adopted in over 70 countries on the first rollout day. In June that year, Stripe partnered with Coinbase to offer fiat-to-crypto conversions. Collison noted on X that Stripe's latest crypto initiative is something the company has "wanted to build for around a decade." Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to assets like fiat currencies. In the United States, USD-backed stablecoins have increasingly gained attention at the federal level, with figures like US Federal Reserve Chair Jerome Powell calling for dedicated legislation . PayPal launched its own stablecoin in 2023 and recently announced that it would begin offering yield to holders of its token. As of April 25, the stablecoin market cap stands at $237.5 billion, according to DefiLlama. Magazine: Bitcoin payments are being undermined by centralized stablecoins
Cryptocurrency analysis company CryptoQuant has shared a remarkable assessment of Bitcoin’s recent rise. The company argued that data flows, especially on the Binance exchange, indicate the possibility of a “short squeeze” (rapid price rise due to liquidation of short positions) in the market in the near future. Bitcoin has gained nearly 8% this week to break above $95,000, but CryptoQuant noted that there are questions about whether this rally is the start of a long-term breakout or a classic bull trap. According to the analysis, exchange flow data on Binance provides important clues. Between April 6 and 10, Binance saw an inflow of more than 15,000 BTC, while the price remained sideways in the $85,000-$87,000 range. This is usually associated with short-term investors selling or transferring their BTC to the exchange due to tax payments. However, the picture turned around between April 19-23. While there was an outflow of over 15,000 BTC from Binance, the Bitcoin price climbed above $93,000. This shows that investors are withdrawing their assets from the exchange and storing them in personal wallets, and the accumulation trend in the market is strengthening. Related News: Will Ethereum's (ETH) Fortune Turn Around? Analysis Company Shares Price Points That Must Be Protected and Surpassed According to CryptoQuant data, there has been a significant decrease in BTC reserves on exchanges since April 18. This contributes to the decrease in selling pressure and the establishment of price increases on more solid foundations. In addition, the Exchange Whale Ratio falling below 0.3 on April 23 shows that the influence of large investors in the market has weakened and retail investors have become more decisive. The company stated that high leveraged long positions in the $82,000-$88,000 range are liquid and “weak hands” are being cleared from the market. It is stated that there are still large short positions and that a short squeeze may occur if these levels are exceeded. In this environment where the market structure is simplified and upward liquidity is weak; CryptoQuant predicts that trigger factors such as a possible ETF inflow, a change of direction by the FED or weakness in emerging markets could quickly carry Bitcoin to the $98,000 – $100,000 band. *This is not investment advice. Continue Reading: Bitcoin “Short Squeeze” Warning Issued: If It Happens, Price Could Reach This Level
The price of SUI has been on a relentless upward trajectory, defying traditional market warnings as its Relative Strength Index (RSI) enters overbought territory. Typically, an overbought RSI suggests an asset may be due for a pullback, yet SUI continues to surge. With bullish momentum still strong, key factors such as rising demand, ecosystem developments, or broader market trends could be fueling this resilience. However, as the RSI hovers in overextended zones, the critical question remains: Can SUI sustain its rally, or is a reversal on the horizon? RSI Hits Extreme Levels As SUI Climbs Higher In a recent post on X, analyst GemXBT highlighted that the SUI chart continues to show a strong bullish structure, marked by consistently higher highs and higher lows, a classic signal of upward momentum. According to the chart, key support zones are holding firm around $2.80 and $3.00, providing a solid base for the price to build upon. Related Reading: SUI Forms Inverse Head And Shoulders – Can Bulls Break Above $2.52? Also, resistance is near the $3.60 level, which could act as a critical barrier for the bulls to overcome. As long as the current structure remains intact and price respects these support zones, SUI’s upward trend may still have room to run, especially if it manages to break through the $3.60 resistance with strong volume. However, GemXBT also pointed out that the RSI is currently flashing overbought conditions, which typically signals that the asset may be nearing a short-term top. While the overall trend remains bullish, this indicator suggests that a potential pullback or period of consolidation could be on the horizon. The analyst added that although buying pressure remains strong and momentum is clearly in favor of the bulls, traders should proceed with caution. Overbought signals often precede cooling phases, especially if volume begins to taper off or price struggles to break above resistance. Watching The Pullback: Where Bulls Might Reload Analyst GemXBT identified the $3.00 and $2.80 levels as critical support areas to watch. These zones have acted as solid demand regions in the past and may once again serve as springboards if prices dip from current highs. A controlled pullback into these levels, especially if accompanied by decreasing volume, would suggest profit-taking rather than panic selling—a positive sign for bulls aiming to push higher. Related Reading: SUI Poised For Price Rally? Ascending Channel Suggests Move Toward $2.50 If buying pressure returns around these support zones and the price structure of higher highs and higher lows remains intact, SUI could be setting up for a renewed breakout. The next major hurdle remains near $3.60, and reclaiming that level would open the door for a broader upside run. Featured image from Medium, chart from Tradingview.com
For those navigating the volatile waters of the cryptocurrency market, keeping an eye on traditional financial indicators like the EUR/USD forecast is crucial. Major shifts in global currency markets often signal broader economic trends that can influence investor sentiment and capital flows, ultimately impacting digital assets. Recently, Swiss banking giant UBS released an updated outlook, pointing towards significant dollar weakness on the horizon. This isn’t just another market prediction; it comes from a major player and suggests a potential shift in the global financial landscape. Why UBS Sees Growing Dollar Weakness UBS analysts have revised their expectations for the US dollar, anticipating a depreciation against several major currencies, particularly the Euro. Their latest UBS currency forecast highlights several factors contributing to this view: Shifting Interest Rate Expectations: The market is increasingly pricing in potential interest rate cuts from the US Federal Reserve sooner than previously anticipated. Lower interest rates tend to make a currency less attractive to foreign investors seeking yield, reducing demand for the dollar. Improved Global Growth Outlook: While the US economy has shown resilience, there are signs of stabilization or improvement in other major economies. A narrowing gap in growth prospects can diminish the relative appeal of dollar-denominated assets. Fiscal Considerations: Ongoing debates around US fiscal policy and the national debt could also weigh on sentiment towards the dollar over the medium to long term. Technical Factors: Market positioning and technical chart patterns may also be playing a role in the bank’s outlook. This combination of monetary policy expectations, global economic shifts, and fiscal concerns forms the basis of UBS’s less optimistic view on the dollar’s future strength. Breaking Down the EUR/USD Forecast The core of the UBS update revolves around their specific predictions for the Euro against the US Dollar. The EUR/USD forecast has been adjusted upwards, reflecting their expectation that the Euro will gain ground as the dollar loses its footing. Here’s a simplified look at how their predictions have changed: Time Horizon Previous EUR/USD Forecast New EUR/USD Forecast 3 Months Lower Value (e.g., 1.08) Higher Value (e.g., 1.10) 6 Months Moderate Value (e.g., 1.09) Significantly Higher Value (e.g., 1.12) 12 Months Higher Value (e.g., 1.10) Even Higher Value (e.g., 1.14) Note: Specific forecast numbers are illustrative based on typical report structures, actual figures would be detailed in the full UBS report. These revised targets indicate a clear expectation from UBS that the trend will favor the Euro over the coming year. This kind of shift in a major bank’s Forex outlook is closely watched by institutional investors and traders globally. Implications of the Currency Market Analysis What does a forecast for increased dollar weakness mean for the broader financial ecosystem, and potentially for crypto investors? A weaker dollar can have several ripple effects: Commodities: Commodities like oil and gold, often priced in US dollars, can become cheaper for holders of other currencies, potentially increasing demand and prices. Emerging Markets: Many emerging markets hold dollar-denominated debt. A weaker dollar makes it easier for these countries to service their debt obligations, potentially improving their economic stability. Global Trade: Currency valuations impact the cost of imports and exports, influencing trade flows and competitiveness. Investment Flows: If the dollar is expected to weaken, international investors might look to diversify away from dollar assets (like US stocks or bonds) into other markets, including potentially alternative assets like cryptocurrencies, although this link is less direct and influenced by many other factors. For those focused on crypto, while not a direct driver, a weaker dollar often correlates with periods of increased liquidity and risk appetite in global markets, which can sometimes spill over into the crypto space. Understanding this macro backdrop is part of a comprehensive currency market analysis that informs investment decisions across different asset classes. Considering the UBS Currency Forecast in Your Strategy While no forecast is guaranteed, integrating insights from institutions like UBS into your own Forex outlook can provide valuable perspective. It’s important to remember that these are predictions based on current information and models, and unforeseen events can always alter market trajectories. Key takeaways from this UBS currency forecast include: UBS anticipates the US dollar will depreciate against the Euro and potentially other currencies. This outlook is driven by factors like expected Fed rate cuts, global growth trends, and fiscal considerations. The revised EUR/USD forecast shows a significant upward adjustment for the Euro over the next year. Potential implications include shifts in commodity prices, emerging market dynamics, and global investment flows. For investors in any market, including crypto, staying informed about major currency trends and expert currency market analysis provides a wider lens through which to view potential risks and opportunities. Conclusion: Navigating the Winds of Currency Change The updated UBS currency forecast for significant dollar weakness marks a notable shift in a major financial institution’s view on the global currency landscape. Their revised EUR/USD forecast signals potential tailwinds for the Euro and headwinds for the US Dollar, driven by a confluence of macroeconomic factors. While the future remains uncertain, this expert Forex outlook provides a compelling perspective on the potential trajectory of two of the world’s most important currencies. Understanding these dynamics is key for anyone looking to make informed decisions in today’s interconnected financial world. To learn more about the latest Forex market trends, explore our article on key developments shaping currency markets.
The future of memecoins like PEPE , WIF , and SPX6900 is under the spotlight. Investors are curious about their potential resurgence. This article delves into the reasons behind fluctuating values and explores if these digital tokens could see a comeback. Discover the key factors that might drive their prices upward. Pepe (PEPE) Price Trend and Key Levels Insight Over the past month, PEPE advanced by 8.49% following a weekly surge of 20.26%. In contrast, the last six months show a 3.94% decline, highlighting mixed medium-term sentiment amid market fluctuations. Price movements have remained within narrow margins, indicating both volatility and opportunities for recovery. The current trading range lies between $0.0000052 and $0.0000092. Key support is at $0.0000032, with resistance at $0.0000112 and a secondary level at $0.0000152. Bulls are driving prices higher in the short term, but caution is necessary as the coin approaches resistance. Trading near support and monitoring for a breakthrough above $0.0000112 could provide a bullish entry point. Upward Momentum Amid Resistance Challenges WIF price action over the last month shows a modest gain of 1.33%, while the past six months brought a steep decline of 76.44%. In just one week, the coin surged impressively by 47.67%, highlighting a volatile recent performance with rapid swings in momentum that contrast with its long-term downward trend. The current price settles between $0.28 and $0.67, facing initial resistance at $0.93 and firm support around $0.14, with a secondary hurdle at $1.32. Bulls currently exert influence through a strong one-week move and a relatively high RSI of 66.08. However, mixed signals in momentum and oscillators advise caution. Trading ideas include testing the support zone for possible reversals or considering breakout entries below these key levels. SPX6900 Price Snapshot: Weekly Spike Amid Long-Term Losses SPX6900 has encountered a decline of nearly 15% over the past month, while the half-year drop stands at approximately 33%. Despite this, a notable one-week gain of around 20% suggests a brief recovery from prolonged losses. This period has been characterized by price fluctuations, highlighting moments of temporary optimism overshadowed by the prevailing downward trend. Currently, the coin trades between $0.24 and $0.66, facing immediate resistance at $0.87 and a secondary level at $1.29. Support is found around 4 cents. Recently, bulls have shown renewed momentum, although the overall trend remains cautious. Traders may consider entering positions on dips while aiming for targets near the identified resistance levels. Conclusion PEPE , WIF , and SPX6900 have seen dramatic shifts in value. Each coin has unique features influencing its performance. Market interest is crucial for future movements. While past trends give insight, predicting exact paths is complex. Analysts will watch for key developments in market news. These observations might give clues on the potential bounce-back of these coins. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
XRP (XRP) has gone up by 6.2% in the past week as market sentiment has improved significantly in a relatively short period and has managed to propel the price of the token to $2.3 for the first time in roughly a month. The Fear and Greed Index recovered from a record low of 15 it booked a couple of weeks ago to 52 as of this morning, meaning that market participants are now less concerned about the state of the market. This supports a bullish outlook for crypto assets including XRP and it has translated into multiple bullish breakouts above key moving averages. Just a few days ago, Ripple announced that investors and traders will now be able to borrow Ripple USD (RLUSD) – the project’s new stablecoin – through the well-known AAVE protocol. This is another important step from the blockchain company to fuel the adoption of its stablecoin to achieve its mission of becoming the leading decentralized payments platform. Data from CoinMarketCap indicates that RLUSD’s market cap has expanded from around $60 million in early March to nearly $300 million at the time of writing, resulting in a 400% increase in just two months. Higher demand for RLUSD means higher transaction volumes within the Ripple network and higher demand for XRP – the blockchain utility token. Meanwhile, the price action for XRP recently showed that its latest Elliott Wave has now been completed. XRP Could Keep Rallying to $2.5 in This Scenario The hourly chart shows that the price has entered a stage of consolidation as it waits for further liquidity to trigger the next move. A couple of scenarios emerge by using the latest Elliott Wave levels as a reference to identify key resistance and support areas to watch. The bullish scenario would see the price breaking above the 5 wave, which sits at $2.2350 and triggering the beginning of a new Elliott wave that could propel XRP to $2.5 in the near term. A brief pullback toward the $2.23 level would be expected following this bullish breakout. As long as that support holds, this bullish scenario would be intact. After the first breakout, the price could retrace to the $2.3 resistance (now support) and then make its move to the $2.4 – $2.5 level as the first plausible target. Meanwhile, a bearish scenario would see XRP dropping below the $2.12 support and dropping to around $2.03 – $2.06 in the near term. The market structure is bullish at the moment as the price action is on an uptrend. Hence, the bullish scenario has the higher odds of both. Momentum indicators have cooled in recent hours as the market enters a consolidation phase, with the upcoming U.S. session likely to inject the liquidity needed for a breakout — in either direction. While traders await the next major move, top crypto presales like SUBBD are gaining steam, attracting fresh capital as overall sentiment shows signs of recovery. SUBBD Raises More than $250K to Launch a Decentralized Content Distribution Platform SUBBD (SUBBD) is positioning itself as a disruptive alternative to platforms like OnlyFans — offering creators more control, better earnings, and full ownership of their content through blockchain-based distribution. The SUBBD token offers fans a way to access VIP content, early access to extra features, and discounts on subscriptions, among other perks. For creators, it allows them to vote on key governance decisions about the platform and access tools that help them monetize their AI-generated content. The platform has already been embraced by thousands of influencers with a combined fan base of 250 million followers. As SUBBD’s adoption accelerates, the demand for its utility token will too. At its discounted price of $0.05525, analysts coincide that its upside potential is huge as demand should skyrocket as the protocol becomes more and more popular among creators and fans. To buy SUBBD, simply head to the SUBBD website and connect your wallet (e.g. Best Wallet ). You can either swap USDT or ETH for this token or use a bank card to make your investment. The post XRP Price Prediction: How High Will This ‘Elliott Wave’ Impulse Push XRP? appeared first on Cryptonews .
An OpenAI researcher was forced to leave the U.S. due to President Trump's immigration policies—a move one colleague called "nuts."