A well-known cryptocurrency commentator thinks Ethereum is poised to reach new all-time highs, potentially setting off large gains for other smaller cryptocurrencies. The analyst, Alex Becker, shared his expert analysis on these points in a recent livestream where he was talking about Ethereum’s price action and what that may portend for the wider market. Related Reading: Whale Alert: Ripple Sends 200 Million XRP Into The Shadows Ethereum Displays Signs Of Recovery Ethereum has risen nearly 5% in the past 24 hours, trading at $1,675, which is a 10% rise in the past week. The second-largest cryptocurrency recovered strongly after touching a multi-year low of $1,380 recently. The recovery has been very rapid, with Ethereum rising almost 20% in a five-day timeframe. In spite of this rise, current prices still indicate a steep 50% fall from where Ethereum had been trading at the start of 2025. Analyst Asserts 90% Probability Of Shattering Past Records The cryptocurrency also has a way to go before it hits its all-time high of $4,890, which is around 60% lower than the peak. Ethereum would have to more than double its current price to hit its previous record. Becker voiced strong optimism regarding Ethereum’s future, saying there’s a “90% chance” it will break its prior record high. He even dared viewers to come back in three years and ridicule him if his prediction fails to materialize. The analyst is optimistic in part due to what he perceives as widespread negativity in regards to Ethereum, with most investors writing it off as “dead.” However, Becker is going the other direction, indicating the cryptocurrency is overvalued and offers a good buying opportunity for those who had the willingness to accept the risks. Without hype there is a 90% chance ETH returns to its old ATH… Which will trigger huge gains in alts from these prices… Making this the easiest way to 3-8x your money in history. Ever. This isn’t even the best case scenario where it gets a true bull past aths. — Alex Becker 🍊🏆🥇 (@ZssBecker) April 11, 2025 Possible Ripple Effect On Other Cryptocurrencies According to Becker, an Ethereum “comeback” would have profound implications on other leading cryptocurrencies. He believes coins positioned just below Ethereum to experience explosive growth in case his expectations come to fruition. The analyst outlined specific cryptocurrencies he thinks will gain, such as Cardano (ADA), XRP, Dogecoin (DOGE), SUI, Avalanche (AVAX), and Solana (SOL). Though stressing the risks involved with cryptocurrency investing, Becker recommended such coins could be worth holding by long-term investors willing to deal with high-risk assets. Related Reading: Crypto Holders Beware! New Malware Drains ETH, SOL, XRP Wallets Price Targets And Growth Projections Becker drew a number of scenarios for growth in cryptocurrencies. For Ethereum, he predicted that a four-fold ROI on present levels can happen, and prices can possibly touch as much as $10,000 under a highly optimistic scenario. The analyst was even more optimistic about XRP, indicating that it could beat Ethereum by 25%-50% if it starts to close the market capitalization gap between the two cryptocurrencies. Even with his positive view, Becker admitted that investing in cryptocurrencies is still very risky. He cautioned that in the worst-case scenario, Ethereum can fall to $500, which is a 50% decline from current prices for investors. Featured image from Reuters, chart from TradingView
Trump's Director of Digital Assets had some interesting things to say recently.
Technical indicators suggest short-term rebounds for XRP ($XRP), Cardano ($ADA), and Solana ($SOL). Their comebacks come after Trump proposed US tariffs worldwide that rattled the financial sector at large, including crypto. But after the financial turmoil, it’s not only the most popular altcoins that are strengthening. The new crypto projects to explode , like $SOLX , $SUBBD , and $PEPEX also remain undefeated, as evidenced by the former rapidly securing an eye-boggling $30M+ on presale. $XRP Has Spiked 19.44% Since It Last Hit Rock Bottom Since hitting a recent bottom near $1.80, $XRP has climbed to $2.15 (a 19.44% spike), which reflects renewed optimism. Its RSI (Relative Strength Index) has jumped to 50.50, moving above its 14-period moving average – a signal that often precedes upward price movement. And then there’s $ADA. Since last week, it has rebounded 18.6% from its $0.537 low to $0.637. Currently, its RSI is 47.75, hovering below the neutral 50 mark. Crossing above its 42.09 moving average suggests a steady climb with more recovery in sight – especially if its price breaks above recent resistance at $0.65. $SOL also shows a progressive gain, trading at $131.44 after breaking above minor resistance at $125. Its RSI is currently at 53.81, which places it firmly above the 50 level. The RSI line has crossed above its moving average (currently at 43.23), which confirms a substantial shift in investor sentiment. As the market steps on the path to recovery, now signals a favorable time to invest in new crypto projects like $SOLX, $SUBBD, and $PEPEX. 1. Solaxy ($SOLX) – The Backbone of the World’s First Solana L2 That Raised $30M+ What’s spurred $SOLX to already snag $30M on presale is the fact that it’s the foundation of Solaxy, the world’s first Solana Layer-2 (L2) network. Solaxy aims to fix Solana’s congestion and scalability issues, all while bridging it with Ethereum’s tremendous DeFi liquidity. While there’s no denying that Solana is a go-to blockchain due to its maximum throughput of 65K tps, low gas fees, and scalability, it has been no stranger to falling short over the years. From 2020 to 2024, Solana witnessed several outages and degraded performance. These outages most often occurred due to client bugs and the network’s inability to handle floods of transactions, both of which caused congestion issues. And still, congestion issues remain in 2025. Let’s look at Donald Trump’s launch of $TRUMP in January, for instance. His Solana-based meme coin raked in $21.9B in trading volume in less than a day, which caused significant transaction failures across the entire network. Solaxy will address these pain points. By bundling transactions and offloading them onto its side chain, it strives to make Solana much more reliable, especially during peak demand times. To leverage the L2’s benefits upon launch, you need to purchase $SOLX on presale for $0.001694. Plus, $SOLX is launching on both Ethereum and Solana. Therefore, you can seamlessly connect to the largest DeFi ecosystem accompanying the best meme coins – all while taking advantage of Solana’s lightning-fast speeds. Buying $SOLX will also give you governance rights, so you can have a say on Solaxy’s future trajectory. Additionally, you can stake it at a sizable 134% APY. Not only does this open passive income opportunities, but it helps stabilize the L2 ecosystem. After the L2 launch, we predict $SOLX to soar to $0.032 (an 18x jump compared to its current value), so there’s no better time to join the presale. 2. SUBBD Token ($SUBBD) – 100% Decentralized, AI-Powered Content Creation Platform for Creators & Fans The next crypto to explode could be $SUBBD . It’s the entry point to unlocking various perks and functionalities within a fully decentralized, AI-powered content creation platform SUBBD. Its ultimate goal is to uplift the $85B subscription-based content market by saving creators time and offering fans VIP access. If you’re a creator, you can buy $SUBBD for just $0.05515 to manage your online content much more efficiently through various AI tools, encompassing voice notes and a video generator. Plus, thanks to its utilization of blockchain tech, you’ll be fully credited for your creations and earn creator rewards that entail performance bonuses. Meanwhile, if you’re a fan, you can buy $SUBBD (at the same price) and start engaging with your favorite creators and enjoying their exclusive content directly – it’s time to wave goodbye to the middlemen that often get in the way of building relationships with your idols. Considering that the SUBBD Token ecosystem also has much to look forward to in the pipeline (including an AI image generator, a beta platform launch, and a specific app for creators), it shows no signs of slowing down. Provided SUBBD delivers on its promises, the $SUBBD token could reach $0.48 in 2026 . Now could be a great time to buy in while it’s still under the radar for ~770% less. 3. PepeX ($PEPEX) – No-Code, AI-Infused Tokenization Launchpad PepeX has a first-mover advantage by being a novel, AI-powered, all-in-one launchpad for the best crypto to watch . Plus, it doesn’t require coding, so you need not worry if your technical prowess isn’t up to scratch. It allows anyone can launch a token within just five minutes using a simple prompt – no developers, just the best results. Because PepeX is a multichain project, you can launch tokens on multiple networks with little effort. An extra advantage is that you can create AI-generated branding for your coins, such as memes, logos, and tickers. Additionally, you can employ AI agents to control your social media accounts on Telegram and X. There’s just one slight catch: Launching the best new cryptocurrency requires a $500 fee, and the additional AI marketing services also come at an extra cost. Still, to access the platform you can buy PepeX on presale for just $0.0255 using $ETH, $USDT, or $USDC. Then, you can decide where you want to go from there. New Crypto Projects to Explode Amid Altcoin Revivals As XRP, Cardano, and Solana remain strong following unfavorable market conditions, now could be the ideal time to cast your focus on new crypto projects to explode. $SOLX , $SUBBD , and $PEPEX each stand out for their distinct use cases and the momentum they’re generating before their public launch. Whether interested in $SOLX’s L2 developments, $SUBBD’s ploy to reshape the $85B subscription-based content market, or $PEPEX’s democratization of crypto launches, they each have the potential for early and ongoing growth. In a sector still shaken by macro uncertainty, the key is to hunt down new crypto projects to explode before they attract demand. By doing so, you can maximize their upside potential before they likely jump in price. Still, crypto investments can be highly volatile. You must always DYOR and exercise caution.
Summary XRP's recent outperformance is driven by the SEC dropping an appeal and high ETF application interest, signaling strong investment demand. Despite positive chain usage data, including record-high DAAs and transaction trends, XRP's market value appears inflated relative to its realized value. The MVRV ratio suggests XRP may be overvalued, with historical peaks indicating potential price tops, warranting caution. I reiterate a 'hold' rating on XRP, as current prices may reflect excessive optimism ahead of potential ETF approvals. Back in December, I covered the XRP ( XRP-USD ) token for Seeking Alpha and reiterated a 'hold.' I've covered XRP a few times for SA in the past and have always listed the coin as a 'hold.' XRP has been around for a long time relative to the broader digital asset market. The token is utilized for transaction payments on the XRP Ledger which is developed by Ripple Labs. Data by YCharts Though XRP is down about 20% since my December article, it is one of the best performing assets in the crypto space year to date and is specifically beating the returns for native tokens on leading smart contract blockchains. In this update, we'll explore what is likely driving this outperformance and get into chain usage to assess whether or not XRP is moving more on hype or on utility. Catalysts: The SEC's White Flag & ETF Expectations The biggest reason XRP has been a major outperformer in 2025 is likely due to the SEC dropping its appeal against Ripple Labs in March - essentially clearing the path for XRP Ledger development and adoption from a market that has been highly cautious the token due to regulatory concerns for years. Ripple Labs subsequently purchased a prime brokerage firm for $1.25 billion that could potentially use Ripple's dollar-stablecoin product Ripple USD (RLUSD-USD) as collateral. Given the clearly improving regulatory setup for XRP, it's perhaps no surprise that XRP is now a coveted spot-ETF product from TradFi asset managers: Applications By Asset (Kaiko Research, SEC, EDGAR) According to tracking by Kaiko Reserach, there are already 10 ETF applications for XRP-based products - this puts XRP as far and away the leader in pending applications and more than double the next major asset. The investment demand story is telling as well: Investment Flows (m$) MTD Flows YTD Flows AUM Bitcoin ( BTC-USD ) -$890 $545 $112,961 Ethereum ( ETH-USD ) -$89 $241 $7,844 Multi-asset $2 -$143 $5,898 Solana ( SOL-USD ) -$6 $79 $1,087 XRP $2 $176 $883 Source: Coinshares, Bloomberg, as of April 12, 2025 Capital allocators are bullish XRP judging by the $176 million in year to date positive net flows as of April 12th - 20% of the total investment AUM for XRP has come from this year alone. Solana's YTD net flow of total AUM is just 7% by comparison. I believe this signal is clear; the investment community believes it has been underweight XRP and is now making up that ground before spot ETFs hit the market. For instance, Standard Chartered has a $12.50 price target for XRP and sees ETF approval happening next quarter. The firm believes XRP will eventually overtake Ethereum by market capitalization. Should it, though? Network Data/Stablecoin Supply In my view, XRP's market capitalization relative to ETH is already quiet telling. At a $123.3 billion in total market cap, XRP is only behind ETH by about $73 billion and is almost worth as much as Solana and Binance ( BNB-USD ) combined. From a stablecoin supply standpoint, there is $94 million RLUSD in circulation. This puts Ripple as the 29th ranked stablecoin chain and well behind market leader Ethereum - which has over $122 billion in stables. On this alone, it's difficult to argue XRP should have a larger valuation than ETH. But admittedly, there are several positive signs for XRP in the usage data. XRP, 30 Day Fees (CoinMetrics) 30 Day Fees recently hit an all-time high in February. Bear in mind, XRP is a low-cost chain and the fees paid to the network are very low comparatively to other networks. Usage of the chain is also spiking when measured by Daily Active Address, or DAAs: XRP, 30 Day DAAs (CoinMetrics) The chart above shows 30 day DAAs peaking at 246.5k in March. That's an all time high in the average and comes with a daily transaction trend that is also very promising: XRP, 30 Day Txs (CoinMetrics) The 30 day average transaction trend for XRP has been in an uptrend for over a decade. Not every public chain has a transaction trend that looks like this. I think this is a positive sign for XRP usage longer term, especially given the changing regulatory environment in the United States. The question ultimately comes down to what should XRP be worth? One way we can look at valuation is through the market value to realized value, or MVRV: XRP, 30 Day MVRV (CoinMetrics) The market value to realized value is high. At 1.7 MVRV ratio, XRP is quite a bit 'overvalued' relative to what has actually been paid for each token in existence. Furthermore, when the token hit a MVRV ratio of 2.3 in February it may have actually been a top signal if history is a guide. Back in May 2021, the 30 day average MVRV ratio hit 2.3 and that turned out to correlate perfectly with the top in the price of XRP during the last cycle. That certainly doesn't mean it has to play out the same way again this cycle. But I think MVRV is a strong indicator and shouldn't be ignored. XRP, Q4 YoY Change (Messari) If we look at the usage data from a quarterly vantage, we can get a better sense of where the year over year trends have been stronger. And perhaps to no real surprise, price is growing faster than DAAs or transactions. Again, a lot of this is likely due to capital allocators trying to get XRP exposure before ETFs hit the US market. Final Takeaways I'm still going to reiterate a 'hold' on XRP. For me, the chain usage data is actually pretty encouraging. We see transactions up over time, DAAs making highs, and even fees have noticeably increased in recent months. Still, price is well ahead of all of this action. It's understandable to me that speculators would want to buy XRP before ETFs hit the market, but I do wonder if Ethereum serves as a warning sign with these types of hype-driven rallies. ETH ETFs hit the US market last summer and the token has fallen by over 50% since. Some of that is because ETH's fundamental story faces challenges, but there was also a significant runup in the price of ETH in the months prior to the ETF approvals. I would be careful chasing XRP on ETF hopes. All too often, these types of catalysts are 'buy the rumor, sell the news' events. I think the MVRV ratio shows we may have already hit the peak in XRP for this cycle. And at a $123 billion market cap, XRP is pricing in a lot of network success that may not actually happen. Again, I think there are clearly positives here, but I think those bullish XRP may be able to wait for a better price.
Over 18 million records of US-based cryptocurrency users are being sold on the dark web, sourced from 20+ exchanges. Sensitive data, including names, emails, and phone numbers, is available for
Singapore, Singapore, April 15th, 2025, Chainwire LBank , a globally recognized leading cryptocurrency exchange, is excited to announce the upcoming 1001 Crypto Nights Beach Music Festival. Set to take place on April 30, 2025, from 17:00 to 24:00 (UTC+4) at the iconic Bohemia Beach Club in Dubai, this exclusive and electrifying side event during TOKEN2049 promises to deliver an unforgettable experience. Featuring world-class DJs, celebrity interactions, and a breathtaking beachfront atmosphere, the festival will seamlessly blend the magic of music and entertainment with the dynamic energy of crypto innovation, creating a groundbreaking platform for networking and collaboration within and beyond the crypto space. Users can register now to start the "magic tour" . LBank, in collaboration with Memecore, Shiba Inu, and Solana, is proud to host this epic event, offering a prime networking opportunity with a lineup of powerful partners involved. With support from over 60 leading projects across various sectors, the 1001 Crypto Nights Beach Music Festival is set to be an unparalleled gathering. Major sponsors include OneCloud, AWS, InfinitiCoin, XODE Blockchain, BLOX, XPIN Network, Interlace, and Janction. Ecosystem partners such as Avalanche, Kaspa, Polkadot, Polkadot Now, Polygon, Dabl Club, Sonic, and Story are driving the Web3 innovation at the event, while MemeX Festival and RaveDAO power the overall experience. The event also benefits from the presence of premium meme co-organizers like WIF, BABYDOGE, Brett, DOG, TURBO, NEIRO, ELON, SUNDOG, PONKE, NEIRO on ETH, APU, SLERF, MIGGLES, WOJAK, QUACK, KIKI, KOKO, TREMP and PIT, bringing the unique energy of the meme community. Nearly 30 leading media partners, including UToday, CoinGape, Bein Crypto, Crypto.news, Foresight News, MetaEra, PANews, TechFlow, Jinse Finance, Odaily, Tokenpost, Coinpost, CoinPedia, and others, will ensure the event reaches a global audience, amplifying its impact and visibility. With an anticipated 100 million exposure and over 3,000 attendees, including 100+ renowned KOLs in attendance, 1001 Crypto Nights is the must-attend event of the year for anyone in the crypto and Web3 space. The event’s star attractions include world-renowned DJ Nicky Romero and the captivating Japanese actress Ai Uehara. Nicky, a global top 100 DJ, will electrify the crowd with an unforgettable set, taking the energy to new heights. Ai, adored by fans for her magnetic presence, will surprise lucky attendees with exclusive interactions, creating once-in-a-lifetime moments. 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From fortune-telling and thrilling money games to mesmerizing street sketches, glowing body paint, and magical cosplay photo ops, there’s no shortage of interactive fun. Each experience is packed with surprises, and guests earn rewarding chips for every interaction. The night culminates in a breathtaking drone show, featuring 300 illuminated drones creating stunning, awe-inspiring patterns in the sky. It’s an unforgettable festival experience, where every moment dazzles. 1001 Crypto Nights is a fusion of entertainment, culture, and crypto innovation. Uniting top artists, influencers, blockchain leaders, and global media, the event redefines immersive experiences that connect communities and drive progress. With its unique blend of music, art, and tech, 1001 Crypto Nights sets a new standard for Web3 events, solidifying Dubai’s role as a global digital economy hub. By offering unparalleled networking and collaboration opportunities, 1001 Crypto Nights aims to leave a lasting impact on the crypto world. About LBank Founded in 2015, LBank is a leading global cryptocurrency exchange , serving over 15 million registered users in more than 210 countries and regions. With daily trading volume of more than $3 billion and support for over 800 cryptocurrencies, LBank is committed to delivering a comprehensive and user-friendly trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets. As a pioneer in the Meme coin market, LBank has listed over 240 mainstream Meme coins and 40 Meme gems, with several achieving gains of over 500%. As the industry leader in first-time Meme coin listings, LBank has become the go-to platform for Meme coin investors. About 1001 Crypto Nights " 1001 Crypto Nights " is a global top-tier Web3 festival presented by LBank on April 30, aimed at building a super hub for meme culture and the crypto community. As the most anticipated side event during TOKEN2049 Dubai, "1001 Crypto Nights" is jointly created by LBank, Memecore, and Shiba Inu. It will grandly debut at the iconic luxury Bohemia Beach Club. This epic event seamlessly blends the spirit of Web3, electronic music euphoria, and Arabic aesthetics, bringing together global crypto elites, representatives from over 20 top meme communities, and pioneers in the financial field, creating an immersive experience that unites "Crypto · Entertainment · Culture." Users can stay updated with LBank: Website: https://www.lbank.com/ Twitter: https://twitter.com/LBank_Exchange Telegram: https://t.me/LBank_en Instagram: https://www.instagram.com/lbank_exchange LinkedIn: https://www.linkedin.com/company/lbank For media inquiries, users can contact: Email: press@lbank.com ContactPR & Communications Teampress@lbank.com 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.
Canada is now the first country to launch a Solana spot ETF with staking. The Ontario Securities Commission (OSC) has approved four asset managers to offer the new spot Solana: Purpose, Evolve, CI, and 3iQ. The Solana ETF will invest in physical $SOL long-term and stake them to earn more rewards. This will result in better returns than Ether staking. Read on to discover how this development could affect the larger crypto market. We’ll also talk about the Solaxy presale and how it’s at the center of Solana’s potential rise. ETF Race Heats Up The SEC approved a Bitcoin-pegged ETF in the US back in January 2024. However, it’s still mulling over a staking-enabled ETF, and Grayscale’s proposal to introduce staking in its spot ETH ETFs is on hold. Canada has always been a step ahead of the US in this aspect. For instance, it launched its first Bitcoin ETF back in 2021. But it’s likely only a matter of time before the US follows suit. Bloomberg analyst James Seyffart says that it may happen as soon as the end of 2025. A lot of this development can be credited to the pro-crypto Trump administration. The president’s open support for crypto, backed by increasingly relaxed legislation, promises to propel crypto to new heights. The global ETF race is now heating up, with multiple applications pending with regulators. For example, the SEC is sitting on multiple applications for ETFs backed by different cryptocurrencies, such as Litecoin, XRP, Solana, and more. Hong Kong and Australia have also also launched their own crypto ETFs. Solana’s Price Showing Strength Besides the ETF buzz, Solana has also shown some technical strength over the last month. $SOL gained over 30% last week and is now trading at $133. Although still far from the $300 mark, a positive mini-rally has investors hopeful. The SOL/ETH pair has also rallied over 45% since the last week of February. It surged 25% in April alone and is currently trading at around 0.08012, close to its all-time high. The growing strength of $SOL over $ETH shows that it may outperform the latter in the coming weeks, which is exactly what the OSC thinks. BitBull, a popular crypto trader, compared the current $SOL setup with $ETH in 2021. Ethereum was trading around $1,600 in March 2021 and formed the same pattern as Solana has formed now. Post this, $ETH made a new high of around $4,500 in just 3 months. $SOL may follow a similar path, which means the $300 level may not take long. What’s Stopping Solana? Solana’s potential to rise to the ranks of $ETH and $BTC is undeniable. However, so far, it’s been unable to realize its true potential due to the network’s scalability issues. For context, Solana has always been perceived as the meme coin blockchain, thanks to its lightning-fast speeds and low costs. However, this changed after the launch of $TRUMP and $MELANIA. These two hyper-successful meme coins brought loads of new investors onto the Solana blockchain. A sudden spike in traffic overloaded Solana to the point where transactions either took a long time to go through or failed outright. In other words, Solana is in dire need of improved scalability. This is where a new cryptocurrency, Solaxy ($SOLX), comes in. Solaxy Promises to Breathe New Life Into Solana Don’t mistake Solaxy for just another meme coin on Solana. It’s a revolutionary token designed specially to solve Solana’s network congestion. It’s a meme coin with real utility. By building Solana’s first-ever Layer 2 scaling protocol, $SOLX will be Solana’s new support system. It will batch-process many of Solana’s total transaction requests on a sidechain, significantly reducing the burden on Solana’s mainnet. This will enhance throughput and ultimately crank up Solana’s scalability and speed back to, or even beyond, the levels it was always renowned for. It’s also worth noting that $SOLX , Solaxy’s native cryptocurrency, comes with multi-chain compatibility. It combine the benefits of Ethereum and Solana, merging the former’s vast liquidity pool with the latter’s speed and low fees to rejuvenate the home of the meme coins . $SOLX Could Be the Next Crypto to Explode Solaxy ‘s one-of-a-kind mission has been all the talk. The crypto went into presale just a few months ago and has already surpassed $30M in funding, making it easily one of the best crypto presales on the market right now. Moreover, Solaxy’s large presale purse comprises both retail crypto investors and large whale buyers alike, which shows market-wide interest in the project. The best part, however, is that you can still buy $SOLX at a very low presale price of just $0.001694 per token. Additionally, we predict $SOLX could reach $0.2 by 2030 – a markup of over 11,800% in less than five years. No wonder it’s primed to be the next crypto to explode . To help you with the purchase process, here’s a guide on how to buy Solaxy . For more technical information about the project, check out Solaxy’s whitepaper . You can also subscribe to their X feed and join their Telegram channel for regular updates. Last, we’d like our readers to remember that the crypto market guarantees no returns. Invest carefully and do your own research. Our articles are not financial advice.
TL;DR PI dropped by double digits in an hour as major token unlocks began. Despite the dip, some analysts remain optimistic, with one X user predicting a potential surge to $5. The native token of Pi Network witnessed a substantial resurgence towards the end of last week, with its price rising to $0.77. This represented a whopping 92% increase compared to the all-time low of $0.40 observed at the beginning of April. PI started the new business week on the right foot, hovering close to $0.75. Just over an hour ago, though, the bears stepped in again, and the price collapsed by nearly 12% to as low as $0.63. In the next minutes, there was a slight rebound, and currently, PI trades at around $0.67. PI Price, Source: CoinGecko The exact reason behind the sudden nosedive remains unclear. However, it coincides with the major token release that started today (April 15), when 6.8 million PI will be freed up. As CryptoPotato previously warned , the unlocks will speed up in the next few weeks. April 18 is expected to be the record day, with almost 10 million tokens scheduled for release. Such events generally trigger increased selling pressure, giving investors the chance to offload coins they’ve waited for a long time. While not all may cash out, the risk of a wave of exits remains. Despite the price retreat in the past hour, some industry participants remain bullish. The X user MOON JEFF, who frequently touches upon PI’s performance, noted the start of the big unlocks but assumed that skyrocketing to an all-time high of $5 is still possible. “Don’t sell cheap,” they advised. The post Pi Network (PI) Plunges 12% in Just 1 Hour – What’s Going On? appeared first on CryptoPotato .
Bitcoin ( BTC ) stands above other crypto assets amid the ongoing economic turbulence, according to the digital asset investment management firm NYDIG. Greg Cipolaro, the global head of research at NYDIG, notes in a new analysis that crypto markets have remained largely stable despite the “carnage” in traditional financial markets. “Perpetual swap rates have been persistently positive. Liquidations spiked on Sunday and Monday [last week], but the two-day total of $480 million was well below other notable liquidation events. The basis on on-shore and off-shore futures has remained positive. Finally, the price of USDT, while below $1.00, has not experienced a sharp decline. Historically, in broad risk-off moves, we tend to see stresses show up in crypto markets. We have yet to see that.” Cipolaro notes Bitcoin has largely fared better than Ethereum ( ETH ) and other altcoins, noting that BTC remains the number one hedge against currency debasement. “The ETH-BTC cross continues to plumb levels not seen since 2019, for example, and many other cryptocurrencies have yet to find their footing in this volatile environment. In a world of global uncertainty and a loss in faith of fiat currencies and sovereign nations, there does not appear to be a second-best option to fiat debasement.” Source: NYDIG BTC is trading at $84,984 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post No ‘Second-Best’ for Currency Debasement As Bitcoin Continues To Hammer Ethereum: NYDIG appeared first on The Daily Hodl .
Encouraging cross-cultural innovation while navigating regulatory complexities to advance blockchain adoption across diverse Asian markets Kryptoplanet , the leading blockchain community-building team in South Korea, has announced the sixth edition of BUIDL Asia Week, set to take place from 10 to 16 April 2025. While 2025 has already seen significant Web3 developments globally—from the United States’ plans to establish a strategic Bitcoin reserve to unprecedented cryptocurrency market valuations—the regional dynamics across Asia reveal a more textured reality. As Western regulatory frameworks gradually adapt to digital assets, Asian nations are taking a different approach toward blockchain integration, balancing innovation with varying degrees of regulatory caution. “The relationship between Asia’s diverse markets and Web3 technologies cannot be reduced to simple narratives of adoption or resistance,” said Erica Kang , CEO and Founder of Kryptoplanet . “Through BUIDL Asia and ETH Seoul, we’re creating spaces where global and local perspectives can engage in meaningful dialogue, acknowledging both the transformative potential and implementation challenges that blockchain technologies present across different societal contexts.” South Korea exemplifies this nuanced approach, where consumer enthusiasm for technological adoption intersects with governmental oversight. The country’s exploration of blockchain applications extends beyond speculative investment into practical realms—blockchain gaming ecosystems evolve alongside experimental tourism initiatives such as Jeju Island’s NFT tourist card concept. Indigenous platforms like Zepetto, with its established base of 20 million monthly users, represent potential gateways for blockchain technology that respect cultural sensibilities while addressing practical use cases. BUIDL Asia will take place from 15th – 16th April at Signiel Hotel, with keynotes, fireside chats and discussions between projects and thought leaders from across the blockchain spectrum, including Eigenlayer, NEAR Foundation, Noble, Succinct, and Aztec Network. The two-day gathering will explore trending Web3 topics such as: Critical examinations of AI-blockchain integration: promise versus practical limitations Real-world asset tokenisation: balancing innovation with regulatory considerations Zero-knowledge technology’s resurgence: technical advancements and implementation hurdles Asia’s heterogeneous blockchain landscape: contrasting approaches across regulatory environments The speaker lineup for this year includes Zachary Williamson , CEO of Aztec Network ; Uma Roy , Co-Founder and CEO of Succinct ; Robert Drost , CEO and Executive Director of Eigenlayer Foundation ; Pedro Gomes , Founder of WalletConnect; Jelena Djuric , Co-Founder and CEO of Noble ; Ilia Polosukhin , Co-Founder of NEAR Protocol ; Himanshu Tyagi , Co-Founder of Sentient ; Nick White COO of Celestia , and more. BUIDL Asia continues to serve as one of the largest community-led events in Asia where the global blockchain leaders work with local projects, recognizing the region’s potential. For comprehensive information regarding session schedules and participant details, please visit BUIDL Asia 2025 . Media Contact: vasundhara@yapglobal.com Telegram: @Vasundhara_S