Solana has surpassed Ethereum, Base, and BNB Chain in decentralized exchange (DEX) trading volume over a 24-hour period, according to DeFiLlama. Multiple sources report that Solana's DEX volume exceeded the combined total of these major blockchains. Solana's market dominance in DEX trading has reached a two-month high of 35%. The blockchain also leads in weekly DEX trading volume, outpacing Ethereum and all its Layer 2 networks combined. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Twenty One Capital, a new Bitcoin accumulation company, has launched with backing from Tether, SoftBank, and Cantor Fitzgerald. The company started with a portfolio of approximately 42,000 BTC, valued around $3 billion, and has secured $1.5 billion in funding from Tether and $900 million from SoftBank. Led by Jack Mallers of Strike, Twenty One Capital aims to compete directly with MicroStrategy by employing a strategy of issuing stock to buy Bitcoin, leveraging convertible debt and a reflexive flywheel model. The company plans to accumulate Bitcoin at scale through a global alliance and is preparing to go public via a SPAC backed by Cantor Fitzgerald. This move signals a shift in Bitcoin investment focus from grassroots to Wall Street, embracing Leveraged Bitcoin Equities (LBE) rather than spot ETFs. Analysts note that the success of this approach depends on maintaining a premium on the stock. The initiative represents a $4 billion head start over MicroStrategy's similar playbook and reflects growing institutional interest in Bitcoin acquisition vehicles. 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
Cardano users can now perform XRP transactions through Lace Wallet. The Midnight Network is introducing new airdrop opportunities for XRP holders. Continue Reading: Cardano Empowers Users with XRP Transactions via Lace Wallet The post Cardano Empowers Users with XRP Transactions via Lace Wallet appeared first on COINTURK NEWS .
Could Solana become the next Bitcoin for corporate balance sheets?
On Friday, the Social Security Administration rolled out a new ChatGPT-style chatbot called “Agency Support Companion.” The tool was meant to help staff handle routine tasks and boost productivity. Instead, employees say it barely works, and a mismanaged launch has left many wondering if automation is the right path for America’s largest social services agency. In recent months, Musk’s organization, known internally as DOGE , has aggressively reduced federal agencies by cutting jobs and budgets. The push toward an “AI-first” model aims to replace human workers with software wherever possible. As part of that strategy, the new chatbot was built into the everyday workflows of agency staffers, reported by Wired, with the promise of easing their workload. An internal email described it as a way to “assist employees with everyday tasks and enhance productivity,” but in practice, the app has received little attention. Sources inside the agency say the roll-out was accompanied by a painfully bad training video featuring a poorly animated, four-fingered woman. The clip was supposed to guide users through the app’s features, but it failed to warn staff against uploading sensitive personal data. This slip forced the agency to send a follow-up email reading, “Our apologies for the oversight in our training video,” to warn employees of the risk. Few people have taken the SSA AI training video seriously “I’m not sure most of my coworkers even watched the training video,” one Social Security staffer told Wired. They added that when they tested the chatbot, “several of the responses I received from it were incredibly vague and/or inaccurate.” Other employees reportedly mocked the crude graphics. “Nobody I know is [using it]. It’s so clumsy and bad,” the source said. Critics warn that this stumbling start may foreshadow wider failures. Similarly, in Brazil, during 2018, a state-owned company called Dataprev launched Meu INSS, an app designed to process social security claims using computer vision and natural language processing. However, the system has often rejected valid claims due to minor errors, triggering lengthy legal appeals. One example involves 55-year-old Josélia de Brito, a former sugarcane worker whose retirement application was denied because the automated system misidentified her gender. “I have all the documents proving my health condition, proving everything, and [the benefit] still gets denied. It’s a humiliation,” she told the Rest of World. Rural farmworkers, many of whom lack basic digital skills, have struggled with the shift to online services. “People out here cannot [even] work with Gmail, Facebook, Instagram,” said Francisco Santana, president of the Union for Rural Workers at Barra do Corda. “Processes are [getting] more and more automated, and society wasn’t made ready for it, especially further away, in the outskirts, for people that live in rural areas.” Those hurdles abroad highlight potential pitfalls for the U.S. Social services are already under pressure to “modernize,” a push that began under the Trump administration’s team of so-called technocrats. Musk’s DOGE has taken that mission further by seeking to cut the federal workforce in half. “Everything that can be machine-automated will be. And the technocrats will replace the bureaucrats,” a person familiar with DOGE’s plans told the Washington Post. DOGE’s emphasis on automation has bred confusion rather than efficiency. A recent mishap at the SSA illustrates the stakes. DOGE staff reportedly marked “countless” living benefit recipients as “dead,” cutting off their payments. “About 4 million people, they marked them as dead,” said Rennie Glasgow, a longtime claims technical analyst at the agency, speaking to The Daily Beast. “They’re sending us an email saying, ‘If these people come into the office with their identification, you can reinstate them.’” That reinstatement process can take “about three to four days,” Glasgow added, as staff must manually “resurrect” each recipient in the system. Beyond stopping benefits, DOGE also plans to rewrite the SSA’s entire software codebase within months. Sources say that to meet that deadline, the team will almost certainly rely on AI for coding, a practice that demands close oversight because of the high error rate in machine-generated code. Given DOGE’s rocky track record so far, an automated overhaul could introduce even more chaos. Some observers suspect those mistakes may be intentional. A school of critics argues that DOGE’s goal isn’t genuine reform but rather the destabilization of the SSA to pave the way for privatization. If so, the misfires and mayhem may be exactly what Musk’s team is aiming for. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Cryptocurrency analytics company Alphractal has published a new analysis of the altcoin market. According to the company’s data, RAY has the highest Long/Short ratio among all altcoins. Following RAY, GTC, COS, DOT, ALPHA, MELANIA, AUDIO and REZ are among the other altcoins where long positions are higher than shorts. The Alphractal team noted that excessively high long/short ratios generally negatively impact altcoin performance, but can also occasionally trigger price bottoms. According to the company, this can create a short squeeze dynamic, with traders closing long positions and opening short positions when prices start to rise again. However, it was emphasized that an increase in Open Interest volume is required for this scenario to occur. Alphractal predicts that there is currently no significant increase in Open Interest in altcoins, so prices may move sideways in the coming days. Image shared by Alphractal showing the long/short ratio in altcoins. Related News: Will History Repeat Itself in Bitcoin (BTC)? Expert Analysts Give Their Predictions On the other hand, Alphractal CEO Joao Wedson announced that an important signal has re-emerged on the Bitcoin side. Wedson stated that the Bitcoin/Stablecoin Reserve Ratio on Binance has given a signal in the $76,000–$77,000 range again, reminding that this level has predicted major Bitcoin rallies in the past. Wedson used the following statements in his statement: “This behavior suggests that stablecoin reserves are growing faster than Bitcoin reserves, suggesting that there is ample capital ready to flow into crypto assets. The same signal appeared after the ‘Coronadump’ in 2020, at the end of 2022, and now again. In all of these instances, the Bitcoin price reacted positively.” *This is not investment advice. Continue Reading: Top 8 Altcoins with the Highest Long Position Ratio Revealed: Here’s the List and What It Means
XRP is currently priced at $2.19 with a market capitalization of $128.16 billion. Over the past 24 hours, the token has seen a trading volume of $2.41 billion and an intraday price range between $2.18 and $2.24, reflecting a market poised for its next major move. XRP The one-hour chart for XRP on April 26,
Worldcoin (WLD) holds bullish structure with key support at $1.08 ahead of April 27 Momentum cools, but WLD price eyes potential breakout above $1.20 resistance zone Traders watch $1.0770–$1.0380 range as Worldcoin prepares for next major move Worldcoin (WLD) broke free from a prolonged downtrend this week, flipping key resistance levels into support after building a solid base near $0.60. The breakout confirmed a trend reversal on the daily chart, as WLD invalidated its descending trendline and printed a series of higher highs and higher lows across lower timeframes. On April 26, WLD spiked to a local high of $1.20 before cooling off. The token is now consolidating above $1.09 , with the broader structure remaining bullish as previous resistance levels flip into new support zones. Worldcoin’s Trend Holds as Bulls Defend Key Supports On the 4-hour chart, WLD remains well above critical exponential moving averages. The EMA 20 sits at $0.98 and the EMA 50 at $0.88, acting as dynamic support zones if price dips. WLD price dynamics (March 2025 – April 2025) Momentum indicators are showing signs of cooling but not reversing. The Relative Strength In… The post Worldcoin (WLD) Price Prediction for April 27: Will Bulls Push Toward $1.25? appeared first on Coin Edition .
The European Central Bank (ECB) could lower interest rates at least two more times this year, according to Governing Council member Gediminas Simkus. Simkus reported on Friday at the Spring Meetings of the International Monetary Fund in Washington that global trade weakness, largely caused by new US tariffs, is bringing a new threat to Europe’s economy. He also noted that inflation was already declining and could slow down even further in the coming months. The deposit rate was cut for the seventh time since June last year, to 2.25%. However, Simkus thinks there is still room to ease policy without generating financial instability or overheating the economy. Simkus said there was no reason to remain in the current financial environment and that he could not rule out two more cuts this year, given the data he had in front of him. However, he added that more negative surprises would be needed to move lower. His remarks echo what the market has been expecting. Investors are betting on at least two further rate cuts this year. Some analysts, including the ones at Bank of America, forecast that the deposit rate could drop by 1.25% by December, suggesting four further tiny cuts. Simkus also emphasized that the ECB’s approach remained nimble and said he did not think they were late cutting interest rates. US tariffs and strong euro drag down expansion New evidence points to a softening of the eurozone’s economic recovery. Earlier this week, the International Monetary Fund cut its forecast for eurozone GDP, citing mounting trade tensions and tighter financial conditions as key factors. Simkus conceded that policymakers had been “overly optimistic” in predicting how fast the economy would rebound. He added that slower wage growth throughout the euro area has become a symptom of cooling demand. He also cited the recent strength of the euro against other currencies, which makes European exports less competitive abroad. US tariffs, meanwhile, have diverted more Chinese goods to Europe, adding disinflationary pressure. These factors are likely to be reflected in the ECB’s next batch of economic projections, which are set to be published in June. According to Simkus, the new numbers “are expected to include weaker economic growth and slower inflation than the assumptions” made in the previous forecast. Nevertheless, Simkus discounted even more substantial interest rate reductions unless the economy weakens precipitously. For now, the ECB will probably stick to its usual quarter-point steps. EC B sets the pace for action, not reliant on US deals Simkus also emphasized that the ECB will not sit back and wait until the US trade negotiations are imminent. The 90-day wait by the administration of President Trump was an attempt to impose some tariffs as binary options to enable trade agreements with major trading partners. Even with the US ultimatums to some countries, Simkus warned that trade policy uncertainty will probably remain. Several ECB officials shared similar views last week, citing softer manufacturing data and weaker growth in the service sector. Now, markets are watching economic data and the comments from ECB officials up to the bank’s next policy meeting in June. If the economy stays weak, a further rate cut could occur as soon as that meeting, leaving the ECB firmly on its current course of cautious but steady easing. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Bitcoin's recent rise has sparked renewed enthusiasm in the cryptocurrency market. This surge has propelled several alternative coins into the spotlight. Among them, SUI , VIRTUAL , and WLD are making notable gains. The article explores their current performance and potential for future growth, shedding light on which coins might see continued upward movement. SUI Bullish Surge: Gains and Key Price Levels SUI experienced a 37.16% rise over the last month and a remarkable 104.78% gain within six months. Price gains have been swift and pronounced, with weekly changes reaching 69.65% and stirring strong market interest. The data reflects a robust move upward over both recent short-term and longer-term periods, highlighting the coin’s growing momentum. SUI now trades between $1.74 and $3.03, with immediate resistance at $3.78 and a second hurdle at $5.07, while support is seen at $1.21. A high RSI of 77.58 indicates strong buying pressure, though caution is warranted for potential pullbacks. Traders might consider targeting resistance levels and watching for a breakout to signal the next leg in this market move. Virtuals Protocol Price Movements Amid Recent Volatility VIRTUAL experienced a rapid surge over the past week with prices soaring almost 93%. The one-month change reflected a solid gain of around 45.57%. However, over the half-year, the coin saw a moderate decline of 13.61%, indicating a mix of performance. Price changes have been characterized by short-term spikes and more tempered mid-term corrections. Recent activity suggests increased trading interest, but a stable long-term trend has not yet formed. Current trading sits between $0.35 and $1.02, with key resistance at $1.46 and solid support near $0.12. A high RSI near 79 signals bullish pressure, though caution is warranted. Traders might consider buying near support and monitoring for breaks above resistance while placing stops around the lower level for risk management. Worldcoin Market Outlook: Short-Term Gains Amid Longer-Term Decline Last month, WLD showed a clear rebound with a 26.55% increase and a 66.14% jump over one week. Despite this bullish momentum, the six-month figure dipped significantly by 42.39%. Price action has been characterized by volatility, with rapid rallies followed by notable pullbacks, creating a mixed picture of recent performance. Current trading stays between a low of $0.35 and a resistance near $1.47, indicating upbeat short-term momentum driven by bullish pressure. The range between $0.56 and $1.12 suggests a potential buying zone. Traders should monitor a breakout above $1.47 or consider exiting if the level fails to hold, ensuring risk management within these key levels. Conclusion The recent bounce in Bitcoin has led to a surge in altcoins like SUI , VIRTUAL , and WLD . SUI is showing strong potential with growing interest. VIRTUAL is gaining momentum driven by innovative features. WLD has seen a significant rise and continues to attract attention for its unique offerings. The positive trend in Bitcoin has provided a much-needed boost for these altcoins, suggesting an optimistic outlook in both the short and long term. Future performance of these coins will depend on sustained interest and further market developments. 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.