TL;DR Alpaca Finance (ALPACA) saw an unexpected 2,300% price surge despite Binance announcing its delisting. Despite the major rally, traders should tread carefully since the RSI has entered overbought territory at a ratio of 93. The Gigantic Surge The cryptocurrency market is an unusual place, and it is not rare for certain tokens to experience triple or even quadruple price increases in a short period of time. Such is the case with Alpaca Finance (ALPACA), whose valuation exploded by roughly 2,300% in the last week. As of this writing, it trades at around $1.08 (per CoinGecko’s data), the highest level since the end of 2021. ALPACA, Source: CoinGecko Its explosive growth could be viewed as a surprise, considering that Binance decided to terminate all trading services with ALPACA several days ago. The actual delisting is scheduled for May 2, and initially, the news triggered a double-digit price decline for the asset. After all, such action reduces the liquidity and visibility of the affected token and damages its reputation. So, nothing out of the blue, right? What followed, though, was rather unexpected and, according to several posts on X, could be attributed to a “short squeeze.” After the delisting announcement, many traders supposedly opened short positions, anticipating a substantial price decline for ALPACA. As mentioned, such a drop indeed transpired, but only briefly, and the subsequent rally might have caused major damage. This, in turn, led to a short squeeze, where traders who had opened short positions, expecting the price to go south, were forced to buy back tokens to avoid further losses and liquidations, which pushed the asset further upwards. It’s important to note that a substantial price decline often follows a short squeeze as the forced buying eventually ends, and there’s little demand left to sustain the inflated valuation. This, combined with profit-taking by traders, typically intensifies the subsequent downward. Another factor potentially contributing to the rally is the burning program Alpaca Finance has adopted. The project has completed 214 weekly buyback and burn events, cumulatively removing almost 35 million ALPACA tokens from circulation, representing approximately 18.6% of the maximum supply. Fundamental principles of economics dictate that reduced supply , combined with steady or increasing demand , pushes prices higher. Traders Should be Careful One important element suggesting that ALPACA’s pump might be abruptly suspended in the short term is the Relative Strength Index (RSI). The momentum oscillator, which measures the speed and magnitude of recent price changes, varies from 0 to 100. Readings above 70 indicate the cryptocurrency has entered overbought territory and could be headed for a pullback. Data shows that ALPACA’s RSI has soared to 93, signaling a bearish scenario. The post Alpaca Finance (ALPACA) Skyrockets by Over 2,000% in a Week: What’s Going on? appeared first on CryptoPotato .
Libre is tokenizing $500 million of Telegram bonds on the TON blockchain. This initiative offers institutional investors access to enhanced financial products. Continue Reading: Libre Tokenizes $500 Million of Telegram Bonds on Blockchain The post Libre Tokenizes $500 Million of Telegram Bonds on Blockchain appeared first on COINTURK NEWS .
In the interconnected world of finance, signals from traditional markets often provide crucial context for understanding the broader economic landscape, which can ultimately influence even the dynamic realm of cryptocurrency. Today, we’re looking at how indicators like the Purchasing Managers’ Index (PMI) are painting a picture for Asia FX and the Chinese Yuan , highlighting the lingering effects of the Trade War Impact on the Global Economy . What Does ‘Treading Water’ Mean for Asia FX Right Now? When analysts say Asia FX is ‘treading water,’ it means the currencies in the region are showing little significant movement. They are neither strongly appreciating nor depreciating against major pairs, like the US Dollar. This state of relative calm can be deceptive, often masking underlying tensions and uncertainties. It suggests a wait-and-see approach from market participants, hesitant to make big bets in either direction. Several factors contribute to this phenomenon: Conflicting Signals: While some data points might suggest resilience, others, like the Weak PMI , point towards economic headwinds. Central Bank Stance: Many Asian central banks are carefully managing monetary policy, balancing inflation concerns with growth support, leading to cautious currency movements. External Factors: Global events, including shifts in US monetary policy and geopolitical developments, create a complex backdrop that prevents clear directional trends in Asia FX . Why is the Chinese Yuan Flat Despite Weak Data? The Chinese Yuan ‘s stability, particularly against the US Dollar, is notable given the recent batch of Weak PMI figures from China. Typically, weak economic data might pressure a currency downwards as it signals potential interest rate cuts or capital outflows. However, China’s currency is not a free-floating currency; it operates within a managed float system. The People’s Bank of China (PBOC) plays a significant role in guiding the yuan’s value. The PBOC sets a daily central parity rate, and the onshore yuan (CNY) is allowed to trade within a specific band around this rate. The current flatness suggests: PBOC Support: The central bank may be actively intervening or signaling a desire for stability, preventing significant depreciation even when data is poor. Stability can be seen as beneficial for managing expectations and maintaining confidence. Capital Controls: China maintains capital controls, which limit the free flow of money in and out of the country, reducing the market pressure that might otherwise force the yuan lower based on economic fundamentals alone. Balancing Act: The PBOC is likely balancing the need to support exporters (who benefit from a weaker yuan) with the need to prevent excessive capital flight and maintain financial stability (which requires a stronger or stable yuan). How Does Weak PMI Underscore the Trade War Impact? Purchasing Managers’ Indexes (PMI) are surveys that measure the health of the manufacturing and services sectors. A reading above 50 generally indicates expansion, while a reading below 50 signals contraction. Recent Weak PMI data from China and other Asian nations serves as a direct indicator of how external shocks, like the Trade War Impact , are affecting real economic activity. The Trade War Impact manifests in several ways reflected by the PMI: Reduced Export Orders: Tariffs and trade barriers directly reduce demand for goods produced in these countries, leading to fewer new orders reported by manufacturers. Supply Chain Disruptions: Uncertainty and restrictions force companies to rethink supply chains, leading to delays, increased costs, and reduced production efficiency, all of which negatively impact manufacturing PMI. Business Confidence: The ongoing uncertainty surrounding trade relations makes businesses hesitant to invest, hire, or expand, affecting both manufacturing and services PMI through slower activity and lower sentiment. The Weak PMI figures are not just abstract numbers; they represent real businesses facing challenges, impacting employment, production, and ultimately, economic growth across the region and contributing to concerns about the broader Global Economy . What Are the Challenges and Potential Benefits for the Global Economy? The current situation presents clear challenges: Slowed Growth: The primary challenge is the drag on economic growth, particularly in export-reliant Asian economies. This has ripple effects globally. Increased Volatility: While Asia FX might be stable now, underlying economic weakness increases the potential for future volatility if conditions deteriorate further or if central banks are forced to make significant policy shifts. Policy Dilemmas: Governments and central banks face difficult choices – how to stimulate growth without causing inflation or destabilizing currencies. Potential, albeit indirect, benefits are harder to pinpoint in this specific context, but from a broader market perspective, such periods can: Highlight Diversification Needs: Economic uncertainty in traditional markets can reinforce the argument for diversifying portfolios beyond conventional assets, including potentially into digital assets, although this is a complex decision. Spur Policy Innovation: Challenges can sometimes lead to new policy approaches or structural reforms aimed at building more resilient economies less vulnerable to external shocks. Actionable Insights: What Should You Watch? For anyone tracking the pulse of the Global Economy , here are key things to monitor: Future PMI Releases: Keep an eye on subsequent PMI data from China and other major Asian economies. Are they stabilizing, improving, or worsening? Trade Negotiations: Any developments in trade talks between major economic powers will significantly impact sentiment and economic forecasts. Central Bank Communications: Pay attention to statements and policy decisions from the PBOC and other Asian central banks. Their actions will heavily influence currency movements and liquidity. Global Demand Indicators: Watch economic data from key export destinations (like the US and Europe) as their economic health directly impacts demand for Asian goods. Understanding these traditional economic indicators provides a crucial backdrop for assessing the overall risk appetite and capital flows that can indirectly affect the cryptocurrency market. Conclusion: Navigating Uncertainty in the Global Economy The current state of Asia FX , with the Chinese Yuan holding steady despite Weak PMI , is a clear signal of the persistent Trade War Impact on regional and global economic health. It highlights the delicate balance policymakers are trying to strike amidst external pressures and internal challenges. While the surface may appear calm, the underlying data suggests caution is warranted. For those navigating any financial market, including crypto, keeping an eye on these fundamental economic signals is vital for making informed decisions in an increasingly interconnected Global Economy . To learn more about the latest Forex market trends, explore our article on key developments shaping the Global Economy liquidity.
After reclaiming crucial levels, Solana (SOL) has been moving sideways within a key price range, with its next direction yet to be determined. However, some analysts suggest a breakout could kick-start a new bullish rally in the coming months. Related Reading: Monero (XMR) Price Jumps 50% Amid ‘Suspicious’ $330 Million BTC Transfer – Details Solana Moves Within Key Range Amid its 15% biweekly recovery, Solana, one of the leading altcoins of this cycle, has attempted to reclaim a crucial resistance after recovering the $140 support for the first time since late February. Earlier this month, the cryptocurrency fell to a 14-month low of $95 amid the market retraces, which saw Bitcoin (BTC) and Ethereum (ETH) retest key horizontal levels. Since hitting its $293 all-time high (ATH), SOL has retraced up to 63%, trading 50% below its January high at the time of writing. However, Solana climbed above some crucial ranges during the recent crypto market recovery. Over the past few weeks, the altcoin has successfully recovered the $120 and $130 support zones, breaking above the $140 resistance seven days ago, where the SOL price has been rejected since losing the level nearly two months ago. As a market watcher pointed out, Solana has been moving sideways, consolidating within the $145-$157 range for the past week. The trader noted that this range could decide SOL’s next direction, with a breakout above the upper boundary positioning the altcoin to retest higher levels. On the contrary ,if it breaks down this price range, the “next support level below at around $136,” which could also risk a drop to the $100-$120 support zones. However, Ali Martinez recently stated that Solana is forming a “textbook-perfect cup and handle pattern,” which could mark the start of a major rally for SOL. SOL Price Preparing For A Breakout? Analyst Alex from AMCrypto noted that Solana’s short-term downtrend is over after a recent breakout. He identified that SOL broke out of a seven-day falling wedge that formed within its current range, surging above the upper trendline on Monday. According to the analyst, “SOL could hit $170-$180 in the short term and most likely a new ATH by Q3/Q4,” based on its utility and demand. “It recently surpassed all other L1s and L2s combined in DEX volume, which shows its immense utility. Along with that, multiple companies are also raising funds to buy SOL, which will further add demand,” he explained. With the price attempting to hold the $150 mark, trader Lluciano_BTC considers the current level “a strong hold.” He highlighted that Solana’s uptrend “is only getting started” after breaking out of a multi-month falling wedge formation at the start of the month. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto According to the chart, SOL broke out of the pattern ahead of the sub-$100 correction, testing a key demand zone during the following pullback. After recovering the $120 mark, the altcoin has been in an uptrend, which eyes the $170 resistance as the next target. As of this writing, Solana trades at $149, a 1.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Whales accumulated over 1 billion XRP tokens in the past two days - Is a rally likely?
Shiba Inu (SHIB) certainly left its mark in the crypto market, becoming meme icon darling with record-breaking popularity in 2021. Despite its massive following and social media-driven rallies, SHIB’s price still remains a far cry from its record-high peak. It’s worth $0.000013 currently, more than 85% down from its all-time high, and investors are left wondering if the dog-themed coin can ever recover its former glory. On the other hand, is Mutuum Finance (MUTM) , an up-and-coming DeFi altcoin, ready to surpass even the largest of cryptocurrency names. Mutuum Finance organizes its specialized decentralized lending system with a presale that already has $7.4 million invested and has garnered over 9300 holders. The existing investors purchase Mutuum Finance tokens at $0.025 before experiencing a boost when Phase 5 starts to $0.03. During the expected listing on the market at $0.06 such phase 4 investors will realize their investment growth by 140%. Over 50% of the phase 4 has been sold out. As SHIB struggles to regain its former dominance, many are now looking toward Mutuum Finance as the next big thing that could leave the meme coin narrative behind. MUTM could be the DeFi solution that finally rivals the top coins and leaves SHIB in its wake. Presale Gains Momentum in Phase 4 Mutuum Finance currently stands in Phase 4 of its presale, trading its tokens for $0.025. The demand from investors has not weakened, and the project has already amassed over $7.4 million in investment and attracted over 9300 participants thus far. With the presale heading into Phase 5, the token value will rise by 20% to $0.03, affording existing investors a strategic advantage. In addition to growing investor interest, Mutuum Finance (MUTM) has introduced a new dashboard feature with live leaderboard that shows the top 50 token holders. Investors on the leaderboard will be rewarded with special bonus tokens, giving a gamified aspect to early participation and long-term holding incentives. Redefining DeFi Lending with a Hybrid Model Mutuum Finance is disrupting the decentralized finance landscape by merging the greatest aspects of Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending models. With the P2C paradigm, users can stake stablecoins like USDT in smart contract-based liquidity pools to gain passive income while driving faster access to capital for borrowers. Or, the P2P paradigm eliminates middlemen and allows lenders and borrowers to conduct direct and private negotiations. This hybrid approach has greater security, efficiency, and decentralization and grants people complete autonomy in money strategies. Risk-averse investors who seek safe returns or high-yielding predators seeking increased autonomy and flexibility will find that Mutuum Finance is an open, inclusive, and accessible DeFi framework. Establishing a Stable and Safe Monetary System Security is built into Mutuum Finance (MUTM) by design. The system offers a fully collateralized Ethereum-backed USD-pegged stablecoin to offer long-term stability and avoid volatility common in algorithmic designs. Regular smart contract audits and offering financial transparency build trust with users and counter common vulnerabilities for DeFi protocols. In this setup, Mutuum Finance (MUTM) offers a sensible and trustworthy option for serious long-term investors. Mutuum Finance also focuses on increasing its user base through incentivizing schemes. The $100,000 giveaway will provide 10 rewards of $10,000 in MUTM tokens, and the referral program will provide rewards for referrals both individually and organizationally. While Shiba Inu (SHIB) struggles to regain its former highs, Mutuum Finance (MUTM) is rapidly gaining traction. With over $7.4 million raised and Phase 4 nearly sold out, MUTM is on track for major growth. Investors are set to see a 140% return when the token hits $0.06. Don’t wait, this is your chance to get in early before Mutuum Finance leaves SHIB behind. Act now before it’s too late. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.finance/ Linktree: https://linktr.ee/mutuumfinance Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Shiba Inu Price Moves Today: Will Mutuum Finance (MUTM) Leave SHIB in the Dust In 2025? appeared first on Times Tabloid .
Scammers are targeting Ledger users with a new sophisticated phishing scheme involving fraudulent letters that misrepresent company communications. This scheme exploits personal data from Ledger’s previous data breach, making its
As trade tensions heat up, JemLit mystery boxes offer consumers a clever workaround to Donald Trump’s international tariffs. They offer a fun, gamified shopping experience with optional crypto payments ($BTC and $ETH) for more anonymity and flexibility while bypassing the new import costs that negatively affect nations and consumers worldwide. The White House Calls Amazon ‘a Hostile & Political Act’ Trade disputes are escalating after Amazon was reportedly planning to display tariff costs on product listings. In response, the White House sharply criticized the international e-commerce platform, calling it a ‘hostile and political act.’ This comes in the wake of Trump imposing steep tariffs of up to 145% on Chinese imports. By contrast, goods from many other countries face a baseline rate of 10%. Amazon publicly denied the accusations after the US president allegedly spoke with the company’s CEO, Jeff Bezos. But despite the debacle, this doesn’t prevent import duties from driving up the cost of foreign-made goods for US-based consumers. As Trump’s tariffs continue to pressure consumer prices, JemLit – the best mystery box website in 2025 – sidesteps these new fees imposed on traditional imports. Plus, it makes shopping online far more entertaining and secure (with crypto). JemLit – A Tariff-Free Luxury Goods Hack On JemLit, you can win high-end items, ranging from an Apple iPad and real-world gold to even Bitcoin mining equipment. You can achieve this by purchasing a mystery box in either crypto ($BTC or $ETH) or fiat for less than the prizes it holds. With over 1.4M users that have opened 170K mystery boxes and won over $1.2M in total rewards, it’s a loot box platform to be trusted. But there’s a catch: You won’t know what’s inside the box until you purchase and unwrap it; it’s all about the mystery of the unknown and – if you’re lucky – saving big bucks on luxury goods. If you unbox an item that you want to receive physically, you can claim hassle-free delivery to circumvent the tariff regulations. In fact, many JemLit mystery boxes include items that fall below the US de minimis threshold of $800, which is the cutoff under which imports typically enter the country duty-free. JemLit might also fulfill orders from warehouses within your own country. And if you’re not American, this would entirely avoid the troublesome Trump tariffs. Open JemLit Mystery Boxes to Join a $500 Prize Pool Further attracting eyes to JemLit is its launch of ‘Jem Rush 1.0’ tomorrow. By joining this new daily leaderboard competition, you can win a slice of $500 every day. To win this extra capital, all you need to do is buy JemLit mystery boxes and increase your total spending for the day. With each box opened, you’ll climb up the rankings. Whether you pay with crypto or cash, JemLit rewards you with real money. This gives you instant liquidity and maximum flexibility with every mystery box you open. The ten biggest spenders on the platform split the prize pool. The first-place winner will take home $150, the second $100, the third $75, and so forth. By offering real-world prizes, daily cash rewards, and flexible payment options, JemLit turns mystery box shopping into a rewarding and competitive daily ritual. JemLit Beats Trump Tariffs With Luxury Prizes & Cash Rewards As the Trump tariffs drive up the costs of everyday luxury items, JemLit offers an entertaining solution to bypass import fees through a fun and engaging digital-first approach. Amid rising tensions of a trade war, Jemlit’s reward system allows you to spend smarter to win more while skipping the red tape that’s causing uproar worldwide. Better still, with the launch of Jem Rush 1.0, you can open mystery boxes to earn real-world cash rewards. While JemLit is our top pick, you can also turn to Loot Crate, MedKit, and Stylin Boxes to buy gaming mystery boxes online . Disclaimer: This is not financial advice. You must be aware that their reward results vary and prize winnings are not guaranteed. Always exercise caution and never spend more than you’d be sad to lose.
DUBAI , UAE , April 30, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, has introduced a limited-time offer through its Private Wealth Management (PWM) service , giving eligible clients the opportunity to earn up to $30,000 in cash rewards. The campaign comes at a time of strong growth for PWM, with assets under management (AUM) increasing by 70% throughout April. The Private Equity Fund is currently one of the most popular investment choices among PWM clients, reflecting rising interest in exclusive investment opportunities. Running until June 30 2025, the promotion is available to high-net-worth clients, committing their funds for a 60-day period. The rewards are tiered based on asset value and are distributed on the 61st day after the lock-up begins. To be eligible, clients must register for the campaign and engage with the PWM team to confirm their VIP status. Once qualified, they receive a personalized investment plan and complete the 60-day lock-up as part of their tailored portfolio strategy. “Private Wealth Management at Bybit is about more than just managing digital assets,” said Jerry Li , Head of Earn & Wealth Management at Bybit . “It’s about giving high-net-worth clients the insight, strategy, and tools they need to make confident, long-term investment decisions. This promotion reflects our continued commitment to that mission.” Bybit PWM offers a bespoke investment experience tailored to the needs of sophisticated crypto investors. It provides clients with access to curated private funds, personalized asset allocation strategies, and dedicated investment managers who develop individualized plans based on each client’s financial goals and risk profile. The service is designed to support high-net-worth individuals navigating the complexities of the growing digital assets industry. PWM combines secure custody infrastructure, exclusive market opportunities, and real-time professional insights to help clients build, manage, and protect their crypto wealth with confidence. Clients benefit from a tailored, highly personalized experience — from initial consultation to portfolio strategy development — backed by a robust platform and experienced financial professionals. With flexible liquidity solutions and access to specialized vehicles designed for higher returns, Bybit PWM stands as a comprehensive solution for those seeking performance and security in the crypto space. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
COINOTAG News reports that key industry figure, Matt Hougan, Chief Investment Officer at Bitwise, affirmed on April 30th that four major financial entities—including Bank of America Merrill Lynch, Morgan Stanley,