Ethereum layer 2 project Taiko has launched its native token, TAIKO, on Revolut, one of Europe’s largest financial super-apps. According to an Apr. 8 press release , Taiko is now available to Revolut’s 45 million users across 50 countries, marking a big step in bringing the token to the mainstream. Through the Revolut app, users can now purchase the token directly, providing a simple fiat-to-crypto on-ramp and possibly boosting liquidity. Taiko is the first layer 2 to utilize the “based rollup” design, which makes use of the native security and sequencing features of Ethereum. Its design boosts speed and scalability without sacrificing decentralization. Vitalik Buterin, co-founder of Ethereum, has praised the project for its architecture, describing it as “ideal for Ethereum scaling.” Taiko has already seen massive growth since its mainnet launch in June 2024, handling more than 2 million daily transactions and registering over 210 million distinct wallet addresses. You might also like: Bitget plans to burn $120 million worth of BGB under new quarterly mechanism Revolut’s listing expands Taiko’s reach and complements the fintech giant’s traction in the crypto industry. The platform has been growing its crypto offerings, launching Revolut X, a crypto exchange for advanced users, in November 2024. In addition to the token listing, Taiko has been making progress in its ecosystem. In an Apr. 4 update on X, Taiko announced the formation of its DAO Security Council, featuring top names like Nethermind, Aragon, Halborn Security, L2Beat, and Chainbound. Taiko also completed its first testnet batch since the Pacaya upgrade, a technical update that speeds up the network and improves scalability by optimizing how transactions are processed. Despite the Revolut listing, TAIKO is yet to recover from its recent price slump, which was triggered by market-wide uncertainty following Trump’s ongoing trade war . The token is down 13% over the past 10 days, currently trading at $0.56 with a market cap of around $54 million, Read more: Aave DAO approves AAVE buybacks as part of the broader Aavenomics overhaul
ETH has fallen spectacularly by 46% since Eric Trump's vocal support on X.
On-chain data shows the stablecoins have seen a spike in Active Addresses recently, something that may turn out to be bullish for Bitcoin. Stablecoins Active Addresses & Volume Have Jumped In a new post on X, the market intelligence platform IntoTheBlock has talked about the latest trend in the Active Addresses for the various stablecoins in the sector. The “Active Addresses” here refers to an on-chain metric that keeps track of the total number of addresses becoming involved in transactions on the blockchain every day. The indicator accounts for both senders and receivers. Related Reading: Bitcoin Rebounds From $74,000 Low As Whales Crank Up Activity When the value of this metric goes up, it means the number of users participating in transfers on the blockchain is on the rise. Such a trend suggests the interest in the asset is increasing. On the other hand, the indicator witnessing a decline implies investors may be paying lower attention to the cryptocurrency as not many of them are becoming active on the network. Now, here is the chart shared by the analytics firm that shows the trend in the Active Addresses for the different stablecoins over the last few months: As is visible in the above graph, the Active Addresses has recently observed a sharp increase for the stablecoins, especially USDT and USDC, the two largest tokens of this class. According to IntoTheBlock, the indicator has now crossed above the 300,000 mark. At the same time as this spike, the Transaction Volume has also registered an uptick, reaching a value of $72 billion. These two aren’t the only stablecoin-related metrics that have surged recently, as the analytics firm has pointed out in another X post that the total market cap of these fiat-tied tokens has set a new record. Thus, it would appear that these assets have not only been enjoying an uptick in activity, but also fresh capital inflows. This trend could hold implications for Bitcoin and other cryptocurrencies. Generally, investors store their capital in the form of stables whenever they want to avoid the volatility associated with BTC and company. These holders are probable to return back to the volatile side eventually, however, as if they wanted to stay away from the sector entirely, they would have just gone with fiat. As such, the market cap of the stablecoins may be looked at as dry powder waiting on the sidelines for Bitcoin and other coins. With activity related to these coins shooting up recently, it’s possible that the transactions are related to investors swapping their stables to buy the market dip. Related Reading: Ethereum MVRV Drops To Lowest Since December 2022: Bottom Signal? That said, there also exists the scenario where the reverse is true; the transactions correspond to investors buying into the stables as they look to exit from the volatile cryptocurrencies. Bitcoin Price Bitcoin appears to have retraced some of its latest recovery as its price is back at $77,300. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com
In the ever-volatile world of cryptocurrency, staying ahead of global economic shifts is crucial. Right now, a significant development in traditional financial markets is sending ripples across the globe and warrants close attention from crypto investors: the dramatic weakening of the Chinese Yuan . As the Chinese Yuan plunges to a staggering 17-year low, exacerbated by renewed tariff threats from former US President Donald Trump, Asia FX markets are feeling the pressure. But what exactly is happening, and more importantly, how could this impact the crypto landscape? Why is the Chinese Yuan Spiraling Downwards? The Chinese Yuan , a key player in global trade and finance, has been under pressure, recently hitting levels not seen in nearly two decades. This significant depreciation is not happening in isolation. Several factors are contributing to this downward trend: Resurfacing Trade Tensions: The specter of trade wars is back. Trump’s renewed threats to impose tariffs on Chinese goods have spooked markets. These tariffs, essentially taxes on imports, can significantly impact China’s export-driven economy, leading to concerns about economic growth. Economic Headwinds in China: China’s post-pandemic recovery has been uneven. While some sectors have rebounded, the overall economic momentum is facing challenges. Concerns about the property market, local government debt, and slower global demand are weighing on investor sentiment. Interest Rate Differentials: The interest rate gap between the US and China is widening. The US Federal Reserve has been aggressively raising interest rates to combat inflation, making dollar-denominated assets more attractive to investors. Conversely, China has maintained a more accommodative monetary policy to support its economy, making the Chinese Yuan less appealing relative to the US dollar. Market Sentiment: Overall market sentiment plays a crucial role. Uncertainty surrounding global economic growth, geopolitical tensions, and now, renewed Trump Tariffs , contribute to a risk-off environment. In such times, investors often flock to safe-haven currencies like the US dollar, further weakening currencies like the Chinese Yuan . Asia FX Under Pressure: How Are Other Currencies Reacting? The weakness in the Chinese Yuan isn’t just a China-centric issue; it has broader implications for Asia FX markets. Many Asian economies have strong trade and economic ties with China, making their currencies susceptible to spillover effects. Here’s a snapshot of how some key Asia FX currencies are reacting: Currency Performance Against USD (Recent) Key Factors Influencing Movement South Korean Won (KRW) Weakening Sensitive to global trade, particularly with China. Also influenced by tech sector performance and geopolitical risks in the Korean peninsula. Taiwan Dollar (TWD) Slightly Weaker Similar trade dynamics to South Korea, with strong links to the tech industry and China. Geopolitical tensions across the Taiwan Strait also play a role. Singapore Dollar (SGD) Relatively Stable Seen as a safe-haven currency within Asia. Singapore’s strong economy and prudent monetary policy offer some buffer against external shocks. Indonesian Rupiah (IDR) Under Pressure Emerging market vulnerability, dependence on commodity exports, and global risk sentiment impact the Rupiah. Indian Rupee (INR) Holding Ground (Relatively) India’s domestic demand and relatively insulated economy offer some support. However, global factors and oil prices still exert influence. As you can see, while there’s some divergence, the overall trend across Asia FX is one of increased pressure and volatility in response to the Chinese Yuan’s struggles and the resurgence of Trade Tensions . Trump Tariffs and Trade Tensions: A Deja Vu Moment? The mention of Trump Tariffs instantly evokes memories of the US-China trade war that dominated headlines a few years ago. During his previous term, Trump initiated a series of tariffs on Chinese goods, leading to retaliatory measures from China and significant disruptions to global trade. His recent pronouncements suggest a potential return to this protectionist approach, raising concerns about: Escalation of Trade Disputes: Increased tariffs could trigger a tit-for-tat response from China, leading to a full-blown trade war. This would negatively impact businesses, supply chains, and global economic growth. Currency Wars: In the past, trade tensions have sometimes spilled over into currency markets. Countries might be tempted to devalue their currencies to gain a competitive advantage in trade, leading to instability. Impact on Global Growth: A trade war dampens global economic activity. Reduced trade flows, increased costs for businesses, and heightened uncertainty can all contribute to slower growth and even recessionary pressures. What Does This Mean for Currency Markets and Beyond? The weakening Chinese Yuan and the broader pressure on Asia FX are significant developments with far-reaching implications: Dollar Strength: As investors seek safety and higher yields, the US dollar tends to strengthen. This can have implications for countries with dollar-denominated debt and commodity prices, which are often priced in dollars. Emerging Market Vulnerability: Emerging markets, particularly those with weaker economic fundamentals or high levels of debt, can be more vulnerable during periods of global risk aversion and dollar strength. Inflationary Pressures: While tariffs are intended to protect domestic industries, they can also lead to higher prices for consumers as import costs increase. This could exacerbate existing inflationary pressures in some economies. Potential for Intervention: Central banks in Asia may consider intervening in currency markets to stabilize their exchange rates and prevent excessive volatility. The People’s Bank of China (PBOC) has various tools at its disposal to manage the Chinese Yuan , but aggressive intervention can have its own costs and consequences. Actionable Insights: Navigating the Currency Market Turbulence For those involved in currency trading or managing international investments, here are some actionable insights to consider: Monitor Developments Closely: Stay informed about the latest news regarding US-China trade relations, economic data releases from China and other Asian economies, and central bank policy announcements. Assess Risk Exposure: Evaluate your portfolio’s exposure to Asia FX and emerging markets. Consider hedging strategies to mitigate potential currency risks. Diversification: Diversification across different asset classes and currencies can help reduce overall portfolio risk during periods of market volatility. Seek Expert Advice: Consult with financial advisors or currency market specialists for personalized guidance based on your specific circumstances and risk tolerance. Conclusion: Navigating Uncertainty in the Currency Landscape The current situation in Asia FX , driven by the Chinese Yuan’s weakness and the resurgence of Trump Tariffs , underscores the interconnectedness of the global economy and the ever-present uncertainties in currency markets. While the situation is evolving, it’s clear that these developments have the potential to create significant market volatility and impact global trade flows. Staying informed, understanding the underlying drivers, and taking proactive steps to manage risk are crucial for navigating these turbulent times. The shocking plunge of the Chinese Yuan serves as a stark reminder of the power of global economic forces and the need for vigilance in the financial markets. To learn more about the latest Forex market trends, explore our articles on key developments shaping currency valuations and global economic indicators.
Not all crypto projects are built to last, but some are clearly playing a smart game in 2025. Forget the hype coins and recycled whitepapers; this year’s standouts are showing real momentum, backed by numbers, tools, and users who actually stick around. BlockDAG, Aptos, OKB, and Ondo are four names making serious moves this year—each in their own way, but all are earning a spot on the list of top crypto coins of 2025. Whether you’re deep into charts or just watching from the sidelines, these are the coins holding ground. Let’s break down what makes them worth buying this year. 1. BlockDAG (BDAG): Breaking Bottlenecks with Parallel Block Processing BlockDAG (BDAG) is pulling serious weight in the crypto scene this year, and it’s easy to see why. The project blends DAG architecture with Proof-of-Work to allow multiple blocks to be confirmed simultaneously—cutting out the bottleneck that slows down traditional blockchains. Its Beta Testnet V1 is already up and running, clocking in at double the speed of its Alpha version. Plus, tools like no-code token and NFT creation, and a live dApp ecosystem show it’s not just theory—it’s being used right now. Momentum-wise, BlockDAG is smashing crypto presale records. Over $212.5 million have been raised, over 19.1 billion BDAG coins sold, and a 2,380% price increase even before hitting major exchanges. The user base is stacked, too. The BlockdAG has over 170,000+ unique BDAG holders, and the number is growing daily.800,000+ users are mining on the X1 Miner App, which allows users to easily mine BDAG coins straight from their phones. Analysts are certain BlockDAG’s future is bright. Forecasts put BDAG at $1 in 2025, and if it reaches just half that, early buyers could be sitting on huge gains. Between the numbers, the tech, and the traction, it’s easy to place BlockDAG among the top crypto coins of 2025—and probably beyond. 2. Aptos (APT): Powering Practical Blockchain Solutions Aptos (APT) is a Layer-1 blockchain platform that prioritises security and scalability. Utilising the Move programming language, it offers developers a robust environment for creating decentralised applications (dApps). As of early April 2025, APT is trading at approximately $4.25, with a market capitalisation of around $2.57 billion. Analysts predict that by the end of 2025, APT's price could range between $5.36 and $25.20, indicating potential growth of up to 413%. This positions Aptos as a noteworthy contender among the top crypto coins of 2025. 3. OKB (OKB): Utility Token Driving OKEx Exchange OKB (OKB) powers the OKEx exchange by offering real utility to its users—lower trading fees, governance participation, and early access to exclusive features. These built-in benefits enhance the trading experience and reinforce OKB’s central role in platform operations. Currently priced at around $48.97 with a market cap near $2.94 billion, OKB demonstrates steady resilience in a competitive market. As OKEx continues expanding into DeFi and rolls out new services, the token’s usefulness is expected to grow. With a wide range of price forecasts ahead, OKB is steadily building credibility as one of the top crypto coins of 2025. 4. Ondo (ONDO): Tokenising Real-World Assets Ondo Finance is making significant strides in decentralised finance by tokenising real-world assets (RWAs), effectively connecting traditional finance with blockchain technology. The platform's partnerships with major blockchain networks like Solana and Polygon enhance its functionality and market presence. Currently, ONDO is trading at approximately $0.71, with a market capitalisation of around $1.14 billion. Analyst projections for ONDO's price by the end of 2025 vary, reflecting the dynamic nature of the cryptocurrency market. These developments position Ondo as one of the top crypto coins of 2025. Lining Up the Crypto Leaders of 2025 From Aptos building a secure, scalable home for dApps, to OKB rewarding serious exchange users, and Ondo bridging crypto with real-world assets—each of these names brings something solid to the market. But BlockDAG hits differently. It’s not just growing; it’s exploding—delivering speed, dApps, real tools, and a growing community before even hitting mainnet. When a project raises over $212.5 million in presale and grows 2380% in value, it’s hard to ignore. That’s why BlockDAG leads our picks for the top crypto coins of 2025 as it’s not just keeping up; it’s setting the pace. Disclaimer: This is a sponsored article 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.
Paul Atkins' confirmation vote likely this week amid push for speedy clearance
21Shares has teamed up with the House of Doge to launch the first Dogecoin ETP, backed by the Dogecoin Foundation, on SIX Swiss Exchange. Crypto exchange-traded products platform 21Shares has announced a partnership with the House of Doge to launch the first Dogecoin ETP ( DOGE ) endorsed by the Dogecoin Foundation. In a press release on Wednesday, 21Shares said that the physically-backed product will be listed on SIX Swiss Exchange under the ticker DOGE. 21Shares president Duncan Moir says the product provides investors with the “most direct and accessible way to gain exposure to the Dogecoin ecosystem,” adding that DOGE has become “more than a cryptocurrency” as it represents a “cultural and financial movement that continues to drive mainstream adoption.” “Dogecoin was created to be a fun, accessible form of peer-to-peer money, and over the years, it has demonstrated real-world utility in payments, tipping, and charitable giving. For Dogecoin to reach its full potential as a global currency, institutional support and corporate partnerships are essential.” Jens Wiechers, advisory board member at House of Doge You might also like: Dogecoin price prediction: Memecoin rally or downward dog? The product launch follows the U.S. Securities and Exchange Commission’s acknowledgment in February of a Dogecoin ETF submission from NYSE Arca, which is now set to review the product. The ETF would track DOGE’s price via CoinDesk’s DCX index, with authorized participants handling cash instead of DOGE directly. Read more: Is Dogecoin hype dead? Elon Musk says DOGE not in US plans
Crypto assets are facing turbulence amid the ongoing trade war between the US and China. Solana (SOL) has been among the worst-hit altcoins amid macroeconomic fears, with its price dropping by 15% in just seven days. The decline could worsen in the coming days after a sharp spike in the 10-year note yield triggering concerns about a looming crisis in the US bond market, which SOL founder Anatoly Yakovenko compared to MicroStrategy. Solana Price in Focus Amid Looming US Bond Market Crisis The ongoing trade war is not only causing havoc for Solana price, but the losses are now extending to the bond market. This is after a surge in both the 10-year and the 30-year treasury yield. 10-Year Treasury Yield If the reciprocal tariffs that went live today worsen the situation, the existing bondholders may decide to sell. This will push the yield even higher and trigger a US economic recession which impact Solana price. SOL founder, Anatoly Yakovenko, has weighed in on this situation and compared it with MicroStrategy, which uses debt to fund its Bitcoin purchases. The recent downturn in Bitcoin price has weighed on Michael Saylor’s Bitcoin bet as reports suggest MicroStrategy may sell BTC to meet debt obligations. With this crisis in the US bond market looming, and MicroStrategy’s Bitcoin bet likely failing, Solana price remains at risk. Whales Dump SOL As Another Sub-$100 Crash Approaches Whales are actively selling Solana as the level of fear grows. According to Lookonchain, these whales are withdrawing SOL from staking platforms and depositing tokens on exchanges. In the last 24 hours, two whale addresses unstaked and sold 248,762 SOL valued at more than $26 million. This shows a bearish market sentiment as traders who are staking Solana anticipate that the price may drop further below $100. Nevertheless, data from Blockworks hints that bearish trends are not the only reasons causing stakers to sell Solana. The yield on SOL staking has plunged significantly, making it less attractive to traders looking to hold Solana. Solana Price Prediction and Analysis Top crypto market analysts have shared mixed sentiments on Solana price. Popular analyst Ted noted that SOL has bounced from a multi-year support trendline, which mirrors what happened in Q3 2023. In his analysis, Ted observed that the last time that Solana tested this trendline, it recorded a 1,000% gain. If history rhymes, SOL could flip resistance at the $215-$275 before making a run past $500. Solana Price Chart However, trader Alex opined that the only way for SOL price to rally was if it dropped to test support at $80. He added that SOL price needed to drop below $80 to present a good entry point for traders. Amid the mixed Solana price forecast from analysts, this altcoin is certainly facing intense volatility. The looming crisis in the US bond market and whale selling are among the reasons why Solana is not out of the woods yet and could decline below $100. The post Solana Price Tumbles as SOL Founder Compares Looming US Bond Market Crisis to MicroStrategy appeared first on CoinGape .
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced net outflows of $326.27 million on Tuesday, the largest single-day outflow since March 11, as investors reacted to economic uncertainty caused by former President Donald Trump’s sweeping new tariffs on Chinese imports. US Spot Bitcoin ETFs See $326 Million Outflow Ahead of Trump's New Tariffs The biggest daily outflows since March came as investors braced for the fallout from the trade war. The tariffs, which went into full effect at midnight today, have rattled global markets, contributing to a wave of risk-off among traders. Macro Fears Drive Bitcoin ETF Outflows “The biggest outflow since March 11 signals renewed macro-driven risk aversion as tariff headlines add pressure on risk assets,” Rick Maeda, research analyst at Presto Research, said in a statement. Maeda added that ETF flows will continue to be volatile as investors tend to sell indiscriminately during periods of heightened market stress. BlackRock's IBIT Leads Exits BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the bulk of Tuesday’s outflows, with $252.9 million leaving the fund, according to SoSoValue data. Other spot bitcoin ETFs also saw significant withdrawals: Bitwise's BITB Loses $21.7M Ark and 21Shares' ARKB raise $19.9 million Grayscale's GBTC and Mini Trust also recorded redemptions Franklin's EZBC and Invesco's BTCO also followed suit Tuesday marked the fourth consecutive day of net outflows from U.S. spot Bitcoin ETFs, with the products seeing $109.2 million in outflows on Monday, while trading volume fell from $6.6 billion on Monday to $3 billion on Tuesday. *This is not investment advice. Continue Reading: Donald Trump's Additional Tariffs on Chinese Imports Also Affect Bitcoin ETFs! Outflows Increase! Here Are the Details
In a significant development for the cryptocurrency market, Binance has announced the upcoming listing of BABY on April 10, 2025, at precisely 18:00 (UTC). Traders will have the opportunity to