NOWNodes , a leading Blockchain API provider, is thrilled to announce that it will be participating in Token2049 Dubai , one of the biggest crypto events. Token2049 brings together industry leaders, innovators, and decision-makers from around the globe, all focused on shaping the future of crypto and blockchain technology. NOWNodes is ready to unveil its fresh vision for blockchain infrastructure solutions, roll out some cutting-edge services, and showcase its dedication to fostering responsible and transformative advancements in the industry. The NOWNodes team cannot wait to dive into engaging conversations with leading crypto projects about the fast-changing landscape of blockchain infrastructure, its potential for social good, and so much more. Here’s a sneak peek at what NOWNodes will be presenting at the event: NOWNodes Highlights at Token2049: 100+ Unique Networks : NOWNodes providing over 100 unique networks, like Decred , Nano , Dione , and so on. All designed to provide smooth integration for developers and businesses alike. Top-tier Solana Node : NOWNodes providing the best infrastructure available for Solana, enhancing performance and scalability for dApps and blockchain projects. NOWNotify: a new service, created by NOWNodes, that delivers real-time blockchain notifications, keeping you updated on important events and changes in the blockchain world. This service supports 30+ networks and supports up to 1bill addresses per month, giving 100% delivery guarantee. NOWMarket API : a new crypto API solution, making crypto market data more user-friendly and accessible. It is giving you real-time insights into the crypto market within 9000+ cryptocurrencies and 90+ fiat assets. MEVSecure: an advanced service that protects your transactions from MEV risks, ensuring a safer and fairer blockchain experience. What is NOWNodes? NOWNodes is a Blockchain API provider. Their services make it easy for developers to access Full Nodes, Explorers, WebSockets, and Blockbooks through a straightforward API for over 100 blockchain networks. Acting as an RPC node provider, NOWNodes takes the hassle out of backend infrastructure for developers working on wallets, exchanges, and decentralized applications (dApps), allowing them to concentrate on crafting innovative products. “Token2049 Dubai is more than just an event! It’s where the future of blockchain takes shape. At NOWNodes, we’re excited to showcase our latest innovations, connect with industry leaders, and push the boundaries of what’s possible in blockchain infrastructure,” shared the CBDO of NOWNodes Tim Stanyakin about the TOKEN2049 in Dubai. At Token2049, NOWNodes is excited to showcase how their services can simplify blockchain development, foster the growth of the crypto ecosystem, and help unleash the full potential of blockchain technology. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
The recent price drop of Ethereum may offer strategic buying opportunities. Historical data supports potential recovery after dips below realized price. Continue Reading: Ethereum’s Price Drop Signals Potential Buying Opportunities for Long-Term Investors The post Ethereum’s Price Drop Signals Potential Buying Opportunities for Long-Term Investors appeared first on COINTURK NEWS .
Binance CEO Richard Teng has recently addressed the growing discourse surrounding tariff escalation, emphasizing its implications for the cryptocurrency market. In light of increasing trade protectionism, he notes that global
Hyperliquid (HYPE) and Helium (HNT) have seen notable gains recently. The focus now shifts to whether these digital assets can maintain their upward momentum. Market enthusiasts are eagerly watching to see if these coins will continue to rise. Dive into the following analysis to uncover whether these emerging leaders will sustain their growth. Hyperliquid HYPE: Monthly Downturn and 6-Month Bounce Within an Active Range HYPE dropped 19.32% over the last month while recovering 21.82% in the past six months. A one-week loss of 6.29% highlights recent short-term weakness despite the medium-term upward trend. Price movements during these periods reveal volatility, showcasing both the coin's challenges and its capacity to rebound, reflecting a balance between bearish pressure and underlying strength. Price currently trades between $9.68 and $18.70. Immediate resistance lies at $24.40 with support at $6.38 and a second resistance at $33.41. Bearish signals from momentum and oscillator indicators contrast with an RSI nearing neutral levels. Traders may look to capitalize on movements within these ranges while carefully watching for breakout cues. Helium Prices Under Pressure: Key Levels Spark Trading Insights Helium has faced a significant decline over the past six months, dropping nearly 60%, while the last month saw a further decrease of about 10%. The price trend has shown a consistent downward movement, contributing to reduced investor confidence and lower trading volumes. The overall bearish sentiment has persisted, making it challenging for prices to recover momentum. Current trading levels show Helium nestled between a support of approximately $1.55 and a resistance around $4.38, with a trading range between $2.30 and $3.71. Bears are firmly in control, as negative momentum is present and the RSI hovers near 41, indicating a lack of upward movement. Traders may consider short positions, looking to buy near the support level and taking profits as prices approach the resistance. Conclusion Hyperliquid (HYPE) and Helium (HNT) have shown notable gains recently. If they maintain momentum, further growth is possible. HYPE benefits from increased trading interest, while HNT focuses on expanding its network. Investors might observe performance closely to gauge future trends. The coming days will be crucial in determining if these tokens can sustain their progress. 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.
Circle’s Head of Global Policy Dante Disparte believes the crypto space needs more regulatory clarity in the form of frameworks like Europe’s MiCA. During a fireside chat session at Paris Blockchain Week with TRM Labs’ Global Head of Policy Ari Redbord on April 8, Disparte emphasized the importance of clear regulation in helping bring more investors, financial institutions, and stakeholders into the crypto space. “The regulation works. If international investors are attracted to invest not just in France but to gain from the legal and regulatory clarity that MICA provides, that creates an environment of legal certainty,” said Disparte. Therefore, he believes Europe has the best chance to “enshrine what universally portable internet-based money and financial services could mean” through its Markets in Crypto-Assets Regulation or MiCA framework. In fact, the Circle ( USDC ) representative stated that his team has been trying to advocate for two stablecoin acts in the United States , the GENIUS Act and STABLE Act , to reach the level of legal clarity that MiCA is able to provide for European markets. “When you put them together you get a Stable Genius. A framework that up levels to MiCA so that we have transatlantic harmonization and regulatory reciprocity, as opposed to create a race to the bottom even across the U.S. and the European partnership,” stated Disparte. You might also like: GENIUS Act to set stablecoin rules, Circle celebrates: Is Tether’s compliance headache just beginning? Moreover, Disparte said that Circle supports European regulators’ decision to equate MiCA-compliant stablecoins to an e-money token, in which the framework prohibits the token from generating yield for customers who hold stablecoin . “We agree. We think interest in stablecoin land is a secondary market innovation. And if you want the innovation to work as stated, if you want the bill of goods to work as stated, it has to be a unit of measure, a medium of exchange and a store of value just like a physical dollar or a physical euro,” said Disparte. Introduced in June 2023, the MiCA stablecoin laws brought about strict regulations and standards for crypto firms and stablecoin issuers, one of them is a ban on offering stablecoin interests or yield. As a result, stablecoin issuers like Tether ( USDT ) and Circle had to adjust their operations by complying to the MiCA laws if they wish to continue operating within the European regions. In July 2024, Circle became the first stablecoin company to secure a Electronic Money Institution license from French regulators, allowing them to market their MiCA-compliant stablecoin across Europe. Read more: Circle wins Europe’s first stablecoin license via MiCA
Summary MARA's high short interest and reliance on Bitcoin make it a volatile but potentially lucrative trade, especially if Bitcoin prices rise. In sympathy with Bitcoin's decline, MARA's performance has been worse, with shares down over 30% year-to-date, compared to Bitcoin's 15% drop. MARA's short interest as a percentage of shares outstanding has surged to 27%, creating a potentially explosive short-squeeze setup IF Bitcoin rallies. MARA offers better downside protection than MSTR due to its substantial Bitcoin holdings, making it a preferable choice over MSTR given the short-covering setup. In mid-January, I asked if MARA Holdings ( MARA ) shorts should be worried. The reason for my question boiled down to MARA's high short interest and reliance on Bitcoin ( BTC-USD ) for price appreciation in the equity price. From the closing summary of that January article: If you believe Bitcoin will continue to appreciate in price, taking a shot on MARA might not be that bad of a bet, in my opinion. But this is all reliant on the price of Bitcoin increasing essentially in perpetuity and investors' willingness to buy share price volatility through convertible notes. I'm not sure either can continue forever. But for now, I think it's a tough trade to fade. Well, three months later, the market's answer to the question of whether MARA shorts should be worried was a resounding 'no.' The price of Bitcoin has gone down, but the performance for MARA holders has been considerably worse. Data by YCharts Year to date, MARA shares are down over 30% while Bitcoin is down a more modest 15%. I've covered the economics of mining Bitcoin multiple times and won't belabor the point in this piece. If you want an update on that, you can read my recent note covering the CoinShares Bitcoin Miners ETF ( WGMI ). In this update, we'll again look at the potential for a squeeze in MARA shares, as that setup now may be even more explosive than it was back in January. MARA's Squeeze Setup When I wrote about MARA's squeeze setup back in January, the shares sold short as a percentage of shares outstanding was 23%. While that 23% reading was high for what is typical for most stocks, that figure is lower than what is observed today: Data by YCharts At 92.9 million shares sold short as of March 14th, MARA's short interest has never been higher in its history. Even when adjusting for share issuance, short interest is notable because at just under 27% of shares outstanding sold short, MARA's short interest has been growing faster than share issuance. Furthermore, back in January, I compared the short percentage of shares outstanding in MARA with shares of Strategy ( MSTR ). Though the short percentages for those stocks have typically moved in a fairly close correlation over the last half decade, there has been a notable divergence between the two dating back to the first half of 2024: Data by YCharts That short percentage spread between the two companies has widened from 13.3 to just under 16. And this comes with the percentage of shares outstanding in MSTR just off lows, while MARA is quickly approaching short position levels that have typically marked share price lows in the past. Consider the multi-year inverse relationship between MARA's share price and the percentage of the company's outstanding shares sold short: Data by YCharts After MARA's short percentage went parabolic in 2022, MARA shares rose over 400% from the start of 2023 through the July peak that year. After falling from over 40% down to about 20% that summer, short percent once again spiked higher, with short share percent ripping back up to 30% around September of that year. Again, this spike in short percent marked another share price low, and MARA shares pulled off another 300% return from October through December 2023. Last fall we saw a very similar setup play out again when the short percentage eclipsed 25%. That peak in short percentage preceded a 127% MARA gain in less than three months. MARA vs MSTR The concept of 'BTC backing' is something that I've explored in the past when covering Bitcoin mining stocks. The way to think about this is how much BTC each company has relative to its market capitalization. It's another way to look at something like 'sats per share' but by taking out the dollar-denominated share price variable. In the past, we've seen Hut 8 ( HUT ) have the largest Bitcoin stack relative to its market cap. Today, MARA has the largest 'sat backing' of the large US mining stocks at a 94% BTC/Market Cap backing: 'BTC Backing' MARA MSTR BTC Value $3.7 billion $41.5 billion Market Capitalization $4.0 billion $71.2 billion mNAV Multiple 1.06 1.72 BTC/Market Cap 94% 58% Source: Bitcoin Treasuries To me, this gives MARA shares better downside protection relative to something like MSTR which still trades at a 72% premium to mNAV, or Bitcoin holdings as a percentage of market cap. The key question is whether Bitcoin has a rally in it from here, as that is the primary catalyst that would give MARA shorts a reason to cover their positions. In my view, there are indeed some positive indications from Bitcoin's daily chart: BTC Daily Chart (TrendSpider) First, the market has finally explored some price discovery between the $76-88k per coin range. This was something that I highlighted back in late-February when Bitcoin failed to launch to new highs. That BTC has pulled back into that range and bounced around between the low and top end of it is positive. Also, positive is that BTC is (barely) holding on to the 300-day MA at $78.3k. Maybe the biggest reason to expect a relief rally from here in BTC is the bullish RSI-14 divergence that has taken place between late-Feb and early-April. This would be indicative of seller exhaustion in the Bitcoin market. I think we're very close to a relief rally in both broad equity markets and in Bitcoin. If I'm right, I believe MARA shares will provide leverage to BTC since the company operates a BTC-denominated business. Closing Summary Admittedly, playing MARA for a short-squeeze can be a dangerous game, and there is certainly no guarantee that the future has to mimic the past. But for traders who are looking for opportunity in a market that has seen the Nasdaq ( COMP:IND ) puke by over 25% in a little over one month at session lows on April 7th, playing a short-covering rally in MARA shares could generate a significant return in a relatively short period of time. In the event that the market finds a bottom in the Qs, something like Bitcoin should out-perform the index. And in the event BTC out-performs the index, Bitcoin-proxy stocks like MARA or MSTR figure to out-perform the index as well. Choosing between the two, I like MARA because of its 'Bitcoin floor.' At a market cap that is '94% backed' by BTC, I think MARA is the better pick today. But I'll be very clear; trying to pick bottoms for bounces in what could be a larger trend reversal is risky. Just because MARA's shares have rallied in the past with similar short percentage setups, it doesn't mean it has to happen again. The key is Bitcoin moving higher, and that is far from a guarantee in a market that is still digesting 'Liberation Day' tariffs. It's important to be mindful of position sizing and exercise discipline when considering setups like the one I've just described.
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RedStone, the innovative oracle development team, has made headlines by deploying its services on MegaETH, a promising Ethereum Layer 2 solution. This deployment marks a significant shift away from the
The United States’ first Bitcoin President is presiding over a crypto market crash. Crypto proponents and firms funded Trump’s campaign with hopes of pro-crypto regulations and policies in the U.S. While initial progress was made on the stablecoin bill and the Strategic Bitcoin Reserve, Trump is changing the world order with his Liberation Day tariff announcements. Bitcoin ( BTC ) and altcoins have crashed alongside currencies and equities in the global markets, losing the edge as “digital gold.” While traders may have treated Bitcoin and crypto as a hedge against declines in global market crashes, Trump’s tariffs have leveled the field for all assets. Table of Contents US Crypto President’s tariffs erase Bitcoin gains Top 3 tokens to navigate the crypto market crash Bitcoin Price Forecast Is altcoin season coming? Expert commentary US Crypto President’s tariffs erase Bitcoin gains US President Donald Trump faced several lawsuits in 2024, the first crypto President now has a net worth of $5.1 billion, according to the 2025 Forbes Billionaire List. Trump has managed to turn around his legal troubles and a $454 million fraud judgment, crash global markets and erase Bitcoin gains in less than 100 days of his term at the Oval Office. Crypto proponents funded Political Action Committees to back the first pro-crypto President less than six months ago. Bitcoin holders and traders are now faced with pain as BTC faces one round after another of a flashcrash. BTC slipped to a new cycle low of $74,500 on Monday. Bitcoin made a swift recovery and BTC is consolidating under the key $80,000 level on Tuesday. BTC/USDT 1-day price chart | Source: Crypto.news You might also like: Black Monday was a disaster. How long did it take to recover after previous crypto market crashes? Top 3 tokens to navigate the crypto market crash Monday’s crypto crash wiped out nearly $300 billion in market capitalization, however three categories of tokens held steady. Liquid staking derivatives finance category of tokens, LSDFi, top payment solutions coins, and the Bittensor ecosystem tokens held onto their gains from last week. Data from CoinGecko shows the top tokens in the three categories are Pendle ( PENDLE ), Telcoin ( TEL ) and Bittensor ( TAO ). PENDLE is the native token of the Pendle Finance ecosystem. PENDLE holders can use the token for incentives and governance. Users who provide liquidity to the platform receive rewards and rebates on a percentage of trading fees. Telcoin enables payment solutions on mobile, and Bittensor’s TAO is part of an ecosystem that powers subnets for AI protocols built on the chain. PENDLE price formed higher highs and higher lows since mid-March. The token could extend gains by another 18% and test resistance at $3.377. RSI reads 51, above the neutral level and MACD flashes green histogram bars above the neutral line, supporting a bullish thesis for the token. PENDLE/USDT 1-day price chart | Source: Crypto.news TEL has been consolidating under resistance at $0.005363 for nearly a week. The mobile payments token ended its downward trend and continues to trade sideways. The daily price chart shows a likelihood of gains in TEL, 18% rally to test resistance at $0.005363. RSI reads 38 and remains above the oversold zone at 30, MACD shows consecutively smaller red histogram bars, meaning the underlying negative momentum in TEL price trend could end soon. A reversal is likely. If TEL suffers a crash, it could find support at $0.003444. TEL/USDT 1-day price chart | Source: Crypto.news In the last seven days of March and in April, TAO has been consolidating, stuck under resistance at $284. TAO’s momentum indicators, RSI and MACD show potential for gains. RSI is sloping upwards and reads 39, MACD shows green histogram bars. An 18% price rally could push TAO to retest resistance at $245.50, a correction could see TAO test support at $167.80, a key level for Bittensor. TAO/USDT 1-day price chart | Source: Crypto.news Bitcoin Price Forecast Bitcoin has consolidated since its drop under support at $85,500. BTC continues to hover close to support at $80,000. On the daily time frame, momentum indicators signal a likelihood of decline in BTC price. The largest cryptocurrency could test support at $76,900, a 2.69% decline in price. A 4% increase could push BTC closer to resistance at $82,379, the first hurdle in Bitcoin’s path to $85,000. MACD flashes red histogram bars under the neutral line and RSI is sloping downwards and reads 38, supporting a bearish thesis. BTC/USDT 1-day price chart | Source: Crypto.news You might also like: AI agent tokens rally led by Fartcoin’s 25% surge Is altcoin season coming? The altcoin season index, a tracker to determine whether it is altcoin season, a period where 75% of the top 50 altcoins outperform Bitcoin in a 90-day timeframe, read 65 on March 65. The indicator has dropped to 33 on Tuesday, as traders digest the developments surrounding Trump’s tariff announcements and the retaliation from its trade partners. As tariff wars brew, Bitcoin attempts to regain investor confidence as a hedge against uncertainty and maintains its dominance, pushing an “altcoin season,” further away. Typically, capital rotation from Bitcoin to altcoins fuels gains in tokens every cycle. Traders may have to wait longer for the phenomenon to occur in this market cycle. Altcoin Month Index | Source: Blockchaincenter Expert commentary Dan Greer, CEO of DeFi App told Crypto.news that he sees a bounce coming in Bitcoin. Greer said: “Bitcoin’s drop today is part of a broader risk-off move. When macro stress hits, everything sells off. But unlike equities, Bitcoin isn’t tethered to earnings or central bank policy. Historically, it’s bounced back stronger from macro shocks, especially when trust in traditional systems is shaken. What we’re seeing isn’t a failure of crypto but a flight to liquidity.” Ian Balina, CEO of Token Metrics believes the meltdown in crypto is part of the plan. Balina told Crypto.news: “The market has been very volatile due to the ongoing Trump tariff wars. All risk assets from stocks to crypto have had liquidity flushed to the sidelines. There’s been speculation that an emergency FED meeting is being scheduled, Trump saying the tariffs will be temporarily paused, and the EU saying they are willing to negotiate tariffs. All this volatility seems to be going according to plan for Trump’s administration as we get closer to having to refine the national debt.” Disclosure: This article does not represent investment advice. 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