PEPE coin shows signs of recovery similar to Dogecoin and Shiba Inu. Analysts predict potential price doubling for PEPE in the near term. Continue Reading: PEPE Coin’s Promising Path to Recovery Captivates Enthusiasts The post PEPE Coin’s Promising Path to Recovery Captivates Enthusiasts appeared first on COINTURK NEWS .
The Bitcoin market saw another rebound in the past week as prices leaped by over 12% to hit a local peak of $95,600. Amid the ongoing market euphoria, prominent blockchain analytics company Glassnode has shared some important developments in the Bitcoin derivative markets. Related Reading: Bitcoin ‘Apparent Demand’ Makes Sharp Rebound – Will BTC Breakout Soon? Bitcoin Short Bets Rise Despite Price Rally, Setting Stage For Volatility Despite a bullish trading week, derivative traders are approaching the Bitcoin market with skepticism, as evidenced by a build-up of leveraged short positions. In a recent X post on April 25, Glassnode reported that Open Interest (OI) in Bitcoin perpetual swaps climbed to 218,000 BTC, marking a 15.6% increase from early March. In line with market activity, this rise in Open Interest aligns with increased leverage, introducing the potential for market volatility via liquidations or stop-outs. Generally, a rise in Open Interest amidst a price rally is expected to signal long-term market confidence. However, Glassnode’s findings have revealed an opposite scenario. Despite Bitcoin’s bullish strides in the past week, short market positions appear to be dominating the perpetual futures markets. This concerning development is indicated by a decline in the average funding rate, which has now slipped into negative territory to sit around -0.023%. The perpetual funding rate is a periodic payment between long and short traders aimed at keeping the contract price in line with the underlying spot price. A negative funding rate indicates short traders pay long traders as Bitcoin’s perpetual contract price is trading below the spot price. This is caused by a higher number of short positions as traders are largely bearish about Bitcoin, even despite recent gains. Furthermore, the 7-day moving average (7DMA) of long-side funding premiums has dropped to $88,000 per hour, reinforcing this short-dominant sentiment. This downtrend indicates a waning demand for long positions, as traders exhibit a short bias. However, Glassnode presents a bullish note stating that the present combination of rising leverage and short positions paves the way for a potential short squeeze, where an unexpected upward price move forces short-sellers to close their positions, thereby driving prices even higher. Bitcoin Price Overview At the time of writing, Bitcoin trades at $94,629 following a 1.01% retracement from its local peak price on April 25. Despite creeping developments in the perpetual futures market, the BTC market remains highly bullish, indicated by gains of 1.02%, 11.12%, and 8.32% in the last one, seven, and thirty days, respectively. With a market cap of $1.88 trillion, the premier cryptocurrency ranks as the largest digital asset and fifth-largest asset in the world. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says Featured image from Adobe Stock, chart from Tradingview
Tesla raised car prices across Canada this weekend, pushing buyers to grab US-imported vehicles before new tariffs make them even more expensive. On Saturday, Tesla’s Canadian website posted a banner that said: “Explore pre-tariff priced inventory while supplies last.” The move came after President Donald Trump dropped a fresh 25% tariff last month on Canadian goods, including vehicles with parts made outside the US, even under the US-Mexico-Canada trade pact. Canada immediately hit back with retaliatory import taxes aimed at mirroring the American tariffs. Pricing on Tesla’s site as of April 26 showed a big gap between new orders and existing inventory. A new long-range Model 3 with all-wheel drive jumped to C$79,990 (about $57,700). But identical 2025 model year cars already sitting in inventory were listed for around C$69,000. The difference made it obvious Tesla wanted buyers to move fast before getting hammered by higher prices. The sharp price increases were first spotted by DriveTeslaCanada.ca, which reported that for some models, the hikes are brutal. New orders for the all-wheel drive Cybertruck are now up to 22% more expensive than inventory models. For Canadian buyers trying to hold out, that’s bad news. Elon Musk, Tesla’s CEO, hasn’t made things easier north of the border either. Elon took heat in Canada after standing by Trump, who has openly joked that he wants Canada to join the United States. The eccentric billionaire recently promised that starting next month, he would spend more time focusing on Tesla, after the carmaker suffered its worst first-quarter financial results in years. Tesla stock rises after US pushes faster self-driving car rules Tesla shares jumped nearly 10% on Friday after Trump’s White House announced a plan to speed up self-driving vehicle approvals. Transportation Secretary Sean Duffy revealed new rules that loosen federal safety standards for autonomous vehicles. That announcement gave Tesla a rare win after a rough few months. The rally followed a long stretch of losses for Tesla, with shares dropping around 40% since the beginning of 2025. The trade wars, tariffs, and nonstop market swings made it worse. Tesla also posted its worst quarterly loss since 2022 during the first three months of this year. Wall Street scrambled to respond. Piper Sandler said the earnings report was “the best result that TSLA bulls could’ve reasonably hoped for,” noting that “management said enough to keep the dream alive.” Even though problems still exist, the firm said the update helped calm some fears. Goldman Sachs analyst Mark Delaney said he thinks Tesla can make more money from software tied to full self-driving technology over the long term. But despite the optimism, Delaney kept Goldman’s neutral rating and cut Tesla’s price target. Others stayed skeptical. UBS and Wells Fargo both kept negative outlooks on Tesla. Wells Fargo analyst Colin Langan cut the firm’s price target for Tesla from $130 to $120. UBS warned that excitement over Tesla’s planned June robo-taxi launch might push the stock price up temporarily, but said it could end badly for some investors. They also flagged that Tesla might drop its plan for a low-cost vehicle launch, killing a potential catalyst for future growth. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The post Was Jed McCaleb’s Exit from Ripple a ‘Breakup’ or a Brilliant Strategy? Find Out! appeared first on Coinpedia Fintech News Jed McCaleb’s departure from Ripple in 2014 has long been the subject of speculation. Many believed it was the end of his involvement with the company, but what if it wasn’t a breakup? What if Jed’s split was a strategic move, part of a bigger plan to create a parallel blockchain system? Ripple & Stellar: Split That Wasn’t a Split Jed McCaleb, one of Ripple’s co-founders, was key in designing XRP’s early framework. He helped build XRP’s architecture and contributed to Ripple’s initial success. After some disagreements, Jed McCaleb left Ripple in 2014 and quickly started Stellar (XLM). (1/ ) Jed Didn’t Leave Ripple. He Was Assigned to Start Stellar. You were told it was all falling out. But what if Jed McCaleb’s split wasn’t a breakup… It was a deployment? And what if XRP and XLM were never rivals — but two arms of the same global plan? Let’s dive deep: pic.twitter.com/0v53GExE3j — Stellar Rippler (@StellarNews007) April 26, 2025 While many thought it was a breakup, the timing looks more like a planned move. It happened just as Ripple was growing in the world of big finance and global payment systems. Eventually, if we look at the timing of Jed’s departure, it aligns perfectly with Ripple’s institutional expansion, the rise of the ISO 20022 standard , and discussions by global financial bodies like the IMF, the BIS, and the WEF about the future of payments. This suggests that Jed wasn’t leaving; he was deployed to launch the second half of a global payment solution. XRP and XLM: Complementary, Not Competitive Ripple’s XRP and Stellar’s XLM were never rivals; they were two parts of the same global plan. XRP focuses on improving liquidity, enabling cross-border payments, and supporting central bank digital currencies (CBDCs) in the financial industry. On the other hand, Stellar works on bringing blockchain technology to underserved communities, humanitarian efforts, and retail stablecoin transactions. Strategic Partnerships on Both Sides Both Ripple and Stellar have quietly secured powerful partnerships. Ripple works with major financial institutions like Bank of America and SBI, supporting international banking systems. Meanwhile, Stellar is closely tied to humanitarian projects, with the United Nations using it for blockchain-based aid and Franklin Templeton using it for tokenizing assets. Jed McCaleb’s exit from Ripple wasn’t an accident; it was part of a well-timed plan. As Ripple focused on the institutional side, McCaleb’s Stellar project set out to bring the power of blockchain to the people.
Pakistan has asked China for an extra 10 billion yuan—around $1.4 billion—on top of its current swap line, Finance Minister Muhammad Aurangzeb said, according to Reuters. Speaking during the International Monetary Fund and World Bank Group spring meetings in Washington, Muhammad confirmed that Pakistan already holds a 30 billion yuan currency swap with China but now wants to boost it to 40 billion yuan. “From our perspective, getting to 40 billion renminbi would be a good place to move towards… we just put in that request,” Muhammad said . The swap expansion request ties into Pakistan’s urgent need to keep access to foreign currencies stable while strengthening its financial reserves. Besides pushing for a larger swap deal, Muhammad said Pakistan is getting close to launching its first-ever Panda bond, which is debt issued in China’s domestic market and denominated in yuan. Talks have been underway with the heads of the Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB) to secure credit enhancements for the bond issuance. Muhammad said discussions with both banks have been “constructive” and added, “We want to diversify our lending base and we have made some good progress around that—we are hoping that during this calendar year we can do an initial print.” Pakistan pushes for more support while managing new tensions China has been pushing swap agreements with several emerging economies, including Argentina and Sri Lanka, and now Pakistan is trying to extend its arrangement to keep up with growing financial needs. Muhammad said the plan to issue the Panda bond fits into Pakistan’s broader strategy to tap new markets and avoid overreliance on traditional lenders. On the international aid front, Muhammad said he expects the IMF executive board to approve Pakistan’s new $1.3 billion deal under a climate resilience loan program in early May. This approval will also cover the first review of the country’s existing $7 billion bailout package. Once the IMF board signs off, Pakistan will immediately unlock a $1 billion payout, a vital piece of the financial plan Pakistan secured in 2024 to prevent a full-blown economic collapse. Asked about the effects of escalating tensions with India, Muhammad said it would be “not helpful” for Pakistan’s economic outlook. Earlier this month, after the killing of 26 men at a tourist site, both countries retaliated. Pakistan shut its airspace to Indian airlines and froze trade ties. India responded by suspending the 1960 Indus Waters Treaty, which controls how water from the Indus River system is shared. Muhammad pointed out that even before the latest dispute, trade between the two countries had already shrunk massively, totaling just $1.2 billion last year. Turning back to the domestic economy, Muhammad forecasted that Pakistan would hit about 3% growth for the financial year ending in June 2025. He said the country is aiming for growth of 4-5% the following year, with longer-term hopes of reaching 6%. He emphasized that expanding financial sources like the Panda bond, enlarging the swap line, and securing IMF funds are all pieces needed to hit those targets. Meanwhile, amid Pakistan’s strengthening relationship with China, US Treasury Secretary Scott Bessent met with Asian Development Bank President Masato Kanda on Friday. Bessent pressed Kanda to start moving China toward “graduation” from ADB borrowing, arguing that China’s economy no longer needs the same level of development bank assistance. The Treasury Department said Bessent also pushed Kanda to focus on “best value” procurement practices and pointed out the need for an “all-of-the-above energy strategy,” including financing options for civilian nuclear power projects. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Cryptocurrency analysis company Alphractal drew attention to Bitcoin’s 4-year fractal cycle in its latest report. The company stated that this cycle has been repeated consistently since 2015, making BTC one of the most symmetrical assets in financial history. In its analysis published in November 2024, Alphractal predicted that the next cycle peak for Bitcoin could occur between October 12-16, 2025. Now, with only 6 months left until this estimated peak, the report stated that the fractal structure is still intact. The company stated that Bitcoin has determined both the top and the bottom of every cycle without error since 2015, which is an unprecedented achievement in the financial world. Related News: Technical Analysis for Solana (SOL) Released: If It Drops Below This Level Again, Pessimism May Be Triggered The analysis stated that Bitcoin is still in a “markup” phase, or rising phase, and that this process holds significant opportunities. It was noted that if history repeats itself, remarkable price movements could occur in the coming months. “Time will tell, but for now, Bitcoin's strong and delicate fractal structure remains intact. This is a testament to Bitcoin's extraordinary resilience to volatile market conditions,” Alphractal concluded his analysis. Chart showing Bitcoin cycles shared by Alphactal. *This is not investment advice. Continue Reading: Will History Repeat Itself in Bitcoin (BTC)? Expert Analysts Give Their Predictions
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Bitcoin's price surge signals a recovering cryptocurrency market. Political developments are influencing positive market sentiments. Continue Reading: Bitcoin Surges as Political Developments Boost Market Confidence The post Bitcoin Surges as Political Developments Boost Market Confidence appeared first on COINTURK NEWS .
Back in February, our publication deployed an array of generative artificial intelligence (AI) chatbots to forecast bitcoin’s price by year’s end. Sixty-six days have since elapsed, and with April 2025 drawing to a close, we revisited the experiment to gauge the current trajectory of AI-based bitcoin price predictions. 6 Out of 7 AI Models Forecast
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