The Cboe BZX ETF application has spurred interest in SUI tokens. Canary Capital focuses on both SUI and other cryptocurrencies. Continue Reading: Exciting Developments in SUI Coin ETF Application Boost Market Activity The post Exciting Developments in SUI Coin ETF Application Boost Market Activity appeared first on COINTURK NEWS .
Asset management giant BlackRock has expanded its digital asset coverage to meet growing demand from individual and institutional investors, appointing Anchorage Digital as a second crypto custodian alongside Coinbase. Coinbase has previously served as the sole custodian for BlackRock’s most prominent crypto exchange-traded products (ETPs), including the $48 billion iShares Bitcoin Trust ETF (IBIT) and the $2.1 billion iShares Ethereum Trust ETF (ETHA). The addition of Anchorage Digital, a federally chartered crypto bank backed by major investors such as KKR, GIC, Andreessen Horowitz, and Goldman Sachs, represents a strategic move by BlackRock to diversify and strengthen its infrastructure. “As demand for digital asset products grows and our footprint in the ecosystem grows, we continue to expand our service provider network with a focus on the highest quality institutional providers,” said Robert Mitchnick, Head of Digital Assets at BlackRock. “After a comprehensive assessment, Anchorage Digital clearly meets these standards.” Related News: JUST IN: White House's New Tariff Announcement Brings a Sudden Drop in Bitcoin Anchorage was last valued at over $3 billion and has begun to gain traction among institutional investors. The firm has seen significant growth in its trading business this year, according to co-founder and CEO Nathan McCauley. “We serve a lot of large companies that are buying Bitcoin,” McCauley said. “A lot of large institutions are buying Bitcoin in significant amounts.” McCauley also noted that the next phase for crypto ETPs could include adding more crypto assets and features like staking that allow investors to earn returns on backed assets. Despite the market volatility in 2025, BlackRock’s IBIT has continued to lead the industry as the largest Bitcoin ETF, attracting over $2.6 billion in inflows year-to-date, while its Ethereum counterpart ETHA has attracted over $500 million in inflows in the same period, according to Bloomberg data. *This is not investment advice. Continue Reading: BlackRock Doesn’t Stop During the Decline: They Made a New Cryptocurrency Move
Ethereum investors face significant challenges as recent market trends indicate many are currently at a loss, but signs suggest a potential bottom is nearing. The recent 65% drop in ETH
Bitcoin continues to show a significant correlation with the stock market, reflecting broader economic trends and investor sentiment. As of recent observations, Bitcoin’s relationship with traditional markets has become particularly
Ether ( ETH ), the native token of Ethereum, is showing signs of bullish exhaustion after a steep 65% decline over the past three months. The pace of the downtrend and the oversold conditions shown by various ETH price metrics have investors wondering if a market bottom is approaching. ETH fractals point to a drop to $1,000 Ether’s current price action mirrors a familiar fractal pattern seen in 2018 and 2022. In both instances, ETH price saw euphoric rallies that ended with sharp breakdowns and prolonged bear markets. Each of these cycles shared the following key traits: Higher price highs were accompanied by lower highs in the relative strength index, which is a classic sign of bearish divergence and weakening momentum. ETH/USD weekly price chart. Source: TradingView After the price peak (cycle tops in the chart above), ETH retraced heavily, often falling through key Fibonacci levels. Cycle bottoms typically formed once the RSI dipped into oversold territory (below 30), with price stabilizing near historical Fibonacci zones. The current setup resembles this structure. In December 2024, Ether formed a higher high near $4,095, while the RSI made a lower high—mirroring the bearish divergence seen in previous tops. This divergence marked the beginning of a sharp correction, much like the patterns seen in 2018 and 2022. Currently, ETH’s price has closed below the 1.0 Fibonacci retracement level at around $1,550. Meanwhile, its weekly RSI is still above the oversold threshold of 30, suggesting room for further declines, at least until the reading drops below 30. ETH/USD weekly RSI performance chart. Source: TradingView The fractal suggests Ethereum could be in the final leg of its decline, with the next potential price targets inside the $990 - $1,240 price range, aligning with the 0.618-0.786 Fibonacci retracement area. Source: Mike McGlone Related: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame Ethereum NUPL falls into ‘capitulation’ — Another bottom indicator Ethereum’s Net Unrealized Profit/Loss (NUPL) has entered the “capitulation” zone—an onchain phase where most investors are holding ETH at a loss. In previous cycles, similar moves into this zone occurred close to major market bottoms. Ethereum NUPL vs. price chart. Source: Glassnode In March 2020, the NUPL turned negative just before ETH rebounded sharply following the COVID-19 market crash. A similar pattern emerged in June 2022, when the metric fell into capitulation territory shortly before Ethereum established a bear market low of around $880. Now that ETH is once again entering this zone, the current setup loosely echoes those prior bottoming phases—coinciding with key Fibonacci support levels near $1,000. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
In less than 20 years, the value of Bitcoin has soared from literally nothing to a market cap worth billions. While this is no small feat, and cryptocurrencies are finally gaining attention from the crowds, the biggest challenges for the crypto economy are still to come. While Bitcoin, and cryptocurrencies overall, and more widespread today than ever, the path forward could prove challenging. We're going to look at the biggest challenges on crypto's road ahead. KYC and Legal Requirements KYC, or “Know Your Customer”, is a legal requirement for many businesses in many regions of the world, including the UK. For users hoping to stay anonymous, this is naturally a point of conflict. The fact that cryptocurrencies aren't governed by any centralised organisation means there is no compliance with these laws, but if crypto were to become more popular, this would create friction. One main advantage of Bitcoin is the privacy, security, and anonymity that comes with it. Users enjoy playing at anonymous casinos , making payments to strangers in an easy way and simply not having to give out information to companies where they don't find it necessary. How the implementation of Bitcoin in more and more businesses would handle the KYC aspect without compromising the integrity of Bitcoin is a big challenge that could prove tricky to take on. The Issue of Scalability For blockchain technology to become a larger part of the financial system, it would naturally have scale – something that could turn out to be a problem. Due to the fact that the very mechanism of blockchain technology requires all nodes in the network to validate transactions, the number of transactions that can occur per second is limited. This means that external programming and new solutions will be needed for currencies like Bitcoin to become part of the financial system. Around 11 million transactions on UK cards alone occur every single day, adding up to around 7,500 transactions per second – compared to the 7 transactions per second that Bitcoin can handle. Environmental Impacts of Bitcoin Transactions Taking the example of Bitcoin again, we're already seeing a big environmental problem. Bitcoin consumes an estimated 91 terawatt-hours (TWh) of electricity every year – and growing. This is more than the whole country of Finland uses ! While there are more environmentally friendly coins, crypto transactions by nature take up a large amount of energy. Removing the blockchain approvals would compromise the whole decentralised nature that crypto is based on. Lack of Consumer Protection and Governance The absence of consumer protection, fraud prevention, and governance is already causing trouble, and would only continue to do so if crypto became more widespread. While a big part of the appeal of cryptocurrencies like Bitcoin to many people is that there is no governmental authority, this feature also leads to trouble and makes any kind of intervention impossible. For those that have lost the keys to their wallets, the money is gone forever. People who have fallen for fraud or have their information stolen don't stand a chance of getting their money back. And when illegal activities occur within the Bitcoin ecosystem, there’s also no way to investigate and intervene. Many believe in crypto due to the lack of governmental authorities regulating cryptocurrencies, but as adoption spreads, these gaps in protection and governance could become very problematic. The Future of Crypto – Can These Challenges Be Overcome? Transitioning the traditional finance system into something that takes advantage of technological innovation to automate tasks and increase security, we need solutions, compromise, and experimentation. In its current form, Bitcoin will never take over due to severe limitations, but that doesn't mean blockchain technology won't ever have a place in everyday banking systems. All it means is that we have to solve complex problems and figure out the path forward as we go. In the end, isn’t that what technological innovation is all about? 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.
Bitcoin Magazine How to Watch OPNEXT on Bitcoin Magazine’s Livestream We’re less than a week away from OPNEXT , the tech-focused, scaling conference from Blockspace Media . Hosted on April 11 and 12 at the Strategy HQ in Tysons, VA, this year’s OPNEXT will feature presentations on Bitcoin’s cutting-edge tech proposals from leading developers like Jameson Lopp, Jeremy Rubin, James O’Beirne, and many more. Bitcoin needs an open, in-person forum for constructive and honest discussion on the solutions that will scale Bitcoin to the next billion users. OPNEXT is providing that forum as the premier conference to learn about the most important scaling proposals and technical solutions that are under discussion. This year, OPNEXT will feature talks on CTV , The Great Consensus Cleanup, Stratum V2, TXHASH, quantum resistance, and many others. Plus, Bitcoin startups like Second, Citrea and Lightspark will give presentations on their novel scaling solutions including BitVM , Ark Protocol and State channels. If you can’t make it to the conference this year, you will be missed, but not to worry! You can watch the full conference with Bitcoin Magazine’s livestream on X. The conference will run from 8:30am to 4:30pm EDT both days with breaks from 11:35am to 1:10pm EDT for lunch. We’ll see you on the stream! This post How to Watch OPNEXT on Bitcoin Magazine’s Livestream first appeared on Bitcoin Magazine and is written by William Foxley .
The DOJ just killed its crypto crimes unit in a sweeping shift that signals America is going all-in on digital asset freedom and growth. Feds Kill off DOJ’s Crypto Team—Trump Resets Battlefield for Bitcoin Dominance The U.S. Department of Justice (DOJ) will no longer maintain a dedicated unit to investigate cryptocurrency-related offenses, according to a
Strategy's Saylor is roughly 15% away from being underwater
On March 17, 2024, the number of weekly engaged creators in open repositories was 12,380. On March 16, 2025, the figure dropped to 7,600. The drop is 38.6%. Developer activity is one of the key markers of the ”health” of the Web3 ecosystem. It reflects the pace of innovation and the degree of support for protocols already in place, directly impacting the sustainability and growth of the industry in the long term. Binji Pande, developer of Optimism, believes the decline in activity is due to a ”lack of real value” in the blockchain ecosystem. He explained that too much emphasis is placed on ”narrative development” - projects that ”say more than they do.” As a result, developers lose incentives and meaningful products remain in the shadows of speculation. ”If nothing happens on the blockchain, the point of using it is lost,” Pande said. The expert added that the ecosystem should focus on developing solutions that users really need. Developer Ben Ward noted that the market and venture capitalists have long rewarded projects that do not bring real value. In his view, the industry's main lucrative product has been the ”meme-coin casino” in DeFi. According to Pande, the Web3 ecosystem has changed a lot, but far from for the better. He noted that cryptocurrencies need to ”feel part of the future again.”