Bittensor’s subnet tokens have skyrocketed from a mere $4 million to an impressive $200 million market cap in just two months, defying broader industry trends. The active subnets on Bittensor’s
On April 9th, in a noteworthy development reported by COINOTAG News, whales have again made headlines as they offloaded a significant volume of ETH. Monitoring from EmberCN indicates that a
COINOTAG News reports that the U.S. Senate is poised to hold a decisive vote regarding the confirmation of Paul Atkins as the Chair of the U.S. Securities and Exchange Commission
This is a segment from the Lightspeed newsletter. To read full editions, subscribe . M^0, an EVM protocol for stablecoin coordination, has expanded to Solana, the team told Lightspeed exclusively. M^0’s (pronounced Em-Zero) first Solana user will be Kast, a platform offering banking-like services with stablecoins. The move comes as various and sundry actors bring new stablecoins to market, and M^0 hopes to unify the increasingly fragmented sector. At a basic level, M^0 offers a stablecoin “building block” called $M — a kind of vanilla stable backed by US T-bills. Clients who want to launch their stablecoin effectively wrap $M and can customize things like yield or custody. $M’s first user was the Cosmos ecosystem app Noble, which made use of the infrastructure when launching the yield-bearing USDN stablecoin . It also paired with RWA stablecoin outfit Usual to launch UsualM. M^0’s latest partner in Kast plans to offer two Solana stablecoins: a payments and a savings one. The tokens, the names of which have not been finalized, will eventually be able to be swapped for other $M stablecoins on Solana and bridged to other ecosystems via Wormhole. To my mind, the M^0 model sounds a bit like white label stablecoins — a concept Kast has also made use of through its Solana validator partnership with Kiln. And white label stablecoins make a lot of sense, given how everyone from the Wyoming state government to President Trump-backed World Liberty Financial wants to have a stablecoin. In an interview, M^0 chief strategy officer Joao Reginatto said “a couple of other companies” will be leveraging $M to build stablecoins on Solana. But despite all the buzz, the stablecoin landscape remains pretty duopolistic. 76% of all stablecoins on Solana are Circle’s USDC, and another 18% are Tether’s USDT, according to DeFiLlama. M^0’s clients will hope to unseat Circle — and Solana might hope one of them can do so. Among Solana’s chief competitors is Base, which is operated by Coinbase, the latter of which has a revenue sharing agreement with Circle. “Solana perhaps doesn’t see with very good eyes the widespread use of USDC on Solana” given how some of USDC’s revenue filters back down to Coinbase, Reginatto said. Get the news in your inbox. Explore Blockworks newsletters: Blockworks Daily : The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam. Empire : Start your morning with the top news and analysis to inform your day in crypto. Forward Guidance : Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance. 0xResearch : Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more. Lightspeed : Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks. The Drop : For crypto collectors and traders, covering apps, games, memes and more. Supply Shock : Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
The cryptocurrency market has recently experienced a 15% downturn, prompting investors to reevaluate their portfolios. Despite this volatility, Solana (SOL) , XRP , and Bitcoin (BTC) continue to demonstrate resilience, solidifying their status as top long-term investment options. Current Market Performance As of April 8, 2025 , the market reflects the following prices: Solana (SOL) : Trading at $108.75 , with an intraday high of $112.37 and a low of $99.38. XRP : Priced at $1.88 , experiencing an intraday high of $1.99 and a low of $1.75. Bitcoin (BTC) : Valued at $79,059.00 , reaching an intraday high of $80,936.00 and a low of $75,773.00. These figures indicate a recovery trajectory, suggesting that these cryptocurrencies maintain strong fundamentals and investor confidence. PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW MAGACOINFINANCE: An Emerging Contender with High Growth Potential While established cryptocurrencies offer promising prospects, emerging projects like MAGACOINFINANCE present opportunities for potentially higher returns. Unprecedented Growth Potential MAGACOINFINANCE has successfully raised over $5.3 million in its pre-sale phase, indicating strong investor interest. With a total supply capped at 100 billion tokens , the project is strategically positioned for significant appreciation as it approaches its official listing. Exclusive Offer: 50% Bonus with MAGA50X Investors have a limited-time opportunity to maximize their holdings through the MAGA50X bonus: Pre-sale Price : $0.0002704 per token Listing Price : $0.007 per token By applying the MAGA50X bonus, the purchase price is effectively reduced to $0.0001803 per token. This adjustment enhances the potential Return on Investment (ROI) to approximately 3,782% , or a 37.82x increase. Consequently, a $1,000 investment at this rate could potentially grow to $37,820 before the first exchange listing. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X Cardano (ADA), Stellar (XLM), and Hedera (HBAR): Additional Considerations Other cryptocurrencies also present investment opportunities: Cardano (ADA) : Trading at $0.585577 , with an intraday high of $0.602615 and a low of $0.537221. Stellar (XLM) : Priced at $0.229479 , experiencing an intraday high of $0.240667 and a low of $0.216473. Hedera (HBAR) : Valued at $0.156175 , with an intraday high of $0.159066 and a low of $0.134696. These assets have shown resilience and may offer growth potential, but they currently lack the momentum observed in MAGACOINFINANCE . CLICK HERE TO JOIN THE NE-XT BILLION DOLLAR PROJECT Conclusion MAGACOINFINANCE offers opportunities for even greater gains, with innovative approaches and attractive pre-sale incentives. As always, thorough research and consideration of market dynamics are essential when making investment decisions. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website : magacoinfinance.com Twitter/X : https://x.com/magacoinfinance Continue Reading: After a 15% Dip, Solana, XRP, and Bitcoin (BTC) Remain Top Long-Term Picks
Trump’s tariff agenda could gut U.S. retail, crush jobs, and ignite a recession deeper than any since the Great Depression, economist Peter Schiff warns. Peter Schiff: Tariffs Will Gut Retail, Slam Banks, and Spark 50% Market Drawdown Economist and gold advocate Peter Schiff raised alarm on April 8 through social media platform X, predicting that
Despite being considered extremely expensive, the Ethereum blockchain has remained one of the top networks in the dynamic world of cryptocurrencies. However, the leading blockchain has undergone a major shift as its overall transaction fees plummeted significantly to levels not seen in years. Total Transaction Fees At The Lowest Level In Years While the crypto sector is shaken by volatility, Ethereum has taken a hit due to the recent developments regarding the network’s overall transaction fees. Over time, ETH’s gas fees have hindered users’ activity because of the high cost, making it difficult to use. Recent reports from Crypto Miners, an affiliate of Binance, reveal that Ethereum network usage has slowed down, indicating subdued demand for block space. While the lower fees reflect diminishing demand, it also implies slowing momentum across the ETH ecosystem. Crypto Miners stated that ETH’s transaction fees have dropped to their lowest level since 2020, marking a four-year low. This drop in transaction fees coincides with a decrease in on-chain activity and indications that ecosystem-wide congestion is abating. The development could impact user engagement, DeFi activity, and NFT transactions, especially validators relying on the blockchain. Using data from IntoTheBlock, a market intelligence and on-chain platform, Crypto Miners highlighted that the fees decreased by around 60% in the first quarter of 2025, dropping to just $208 million by April 4. According to the platform, a notable factor in the sharp drop is the emergence of Layer-2 solutions, particularly Base, and the Dencun update, which massively lowered the cost of scaling layers. Presently, the Layer 2 pack is now being led by Base alone, which processes 80+ Transaction Per Second (TPS), cementing its position in the space. During this period of weak network demand, Ethereum’s price has also plummeted drastically to previous support levels. As reported by Crypto Miners, the altcoin ‘s price fell by about 45% in Q1 of 2025, marking its worst-ever first-quarter performance since 2022. The ETH/BTC pair further displays the weak performance, dropping to a 5-year low. However, large investors, often referred to as whales, are not deterred and have gathered ETH below the $1,800 level in a resounding show of support. Next Major For ETH’s Price Pullback As volatility intensifies, an on-chain analyst named MAC_D has identified crucial price levels for ETH. In the quick-take post on the CrytoQuant platform, the expert highlighted that Ethereum holders’ average cost basis (realized price) is positioned at $2,200. From this, it would appear that most ETH holders are currently losing money. Meanwhile, the average cost basis of whales holding more than 100,000 ETH is $1,290, which is the next major support level for the altcoin. Should Ethereum drop below this level, MAC_D believes it might not fall below $870. During the Luna crisis in June 2022, this level held firm, forming a low for ETH and signaling a rebound.
Exciting news for crypto enthusiasts and ETF watchers! The newly launched Leveraged Teucrium XRP ETF (XXRP) has made a powerful entrance into the market, racking up an impressive $5 million in trading volume on its very first day. In a market often described as cautiously optimistic, this debut signals significant investor interest in XRP and the burgeoning world of cryptocurrency ETFs. Let’s dive into what makes this launch so noteworthy and what it could mean for the future of crypto investments. Why is the Teucrium XRP ETF Launch a Big Deal? Teucrium, an independent ETF issuer, has once again broken ground in the digital asset space with the introduction of the 2x Long Daily XRP ETF (XXRP). This isn’t just another ETF; it’s a leveraged ETF , designed to amplify the daily returns of XRP. But what exactly does ‘leveraged’ mean, and why is the trading volume on day one so significant? Leveraged Exposure: A leveraged ETF uses financial derivatives and debt to magnify the returns of an underlying index or asset. In the case of XXRP, it aims to deliver 2x the daily percentage change of XRP. This means if XRP goes up by 1%, the ETF aims to go up by 2%, and vice versa. First Day Volume: According to Bloomberg ETF Analyst Eric Balchunas, the $5 million trading volume on the first day is not just good; it’s exceptional. Balchunas highlighted on X (formerly Twitter) that this places XXRP in the top 5% of all new ETF launches, a remarkable feat in any market condition, let alone the current one. Outperforming Competitors: To put this volume into perspective, Balchunas pointed out that XXRP’s volume is roughly four times greater than that of the 2x Solana ETF (SOLT). This comparison underscores the strong initial interest specifically in an XRP-focused leveraged product. Breaking Down the ETF Trading Volume Numbers To truly grasp the significance of $5 million in first-day ETF trading volume , let’s consider a few key points: Market Sentiment Indicator: High trading volume on launch day often indicates strong initial market interest and conviction. For XXRP, it suggests that investors are keen to gain leveraged exposure to XRP, viewing it as an asset with potential for significant price movements. Liquidity and Efficiency: Robust trading volume ensures liquidity, making it easier for investors to buy and sell shares without significantly impacting the ETF’s price. This is crucial for the smooth functioning of the ETF and for attracting both institutional and retail investors. Comparison to Other Launches: As Balchunas noted, being in the top 5% of new ETF launches is a significant achievement. Most ETFs struggle to gain traction in their early days, often launching with much lower volumes. XXRP’s strong start suggests a robust underlying demand for this type of product. Why a Leveraged Cryptocurrency ETF? The introduction of a Leveraged ETF for XRP raises an important question: why leveraged exposure in the volatile world of cryptocurrencies? Here’s a breakdown of the potential reasons and benefits: Benefit Description Magnified Returns Leveraged ETFs are designed for investors who believe in short-term, directional movements in the price of the underlying asset. If XRP performs as expected, the leveraged ETF can offer significantly higher returns compared to holding XRP directly. Capital Efficiency Investors can gain twice the exposure to XRP with the same amount of invested capital compared to a non-leveraged ETF or direct XRP holding. Sophisticated Trading Tool For experienced traders, leveraged ETFs can be valuable tools for implementing sophisticated trading strategies, such as hedging or tactical allocation, especially in a fast-moving market like cryptocurrency. However, it’s crucial to remember that leverage works both ways. Just as potential gains are magnified, so are potential losses. Leveraged ETFs are inherently riskier and are generally designed for short-term trading rather than long-term investment. Investors should fully understand the risks involved before considering investing in XXRP or any leveraged product. Teucrium: Pioneers in Cryptocurrency ETFs Teucrium has established itself as a forward-thinking issuer in the ETF space, particularly within the realm of digital assets. They were among the first to launch futures-based Bitcoin and Ethereum ETFs in the US, and now they are venturing into leveraged Cryptocurrency ETFs . This proactive approach highlights their belief in the growth and maturation of the cryptocurrency market. Teucrium’s move to launch an XRP leveraged ETF can be seen as a strategic expansion of their crypto ETF offerings, catering to the growing demand for diverse and sophisticated crypto investment products. Their willingness to innovate and introduce products like XXRP is a positive sign for the broader adoption and accessibility of digital assets through traditional financial instruments. What Does This Mean for the Future of XRP and Crypto ETFs? The successful launch of the Teucrium XRP ETF with such strong initial volume could have several implications: Increased Institutional Interest: High trading volume might attract further attention from institutional investors who are looking for regulated and accessible ways to gain exposure to XRP and the crypto market. Product Innovation: The success of XXRP could pave the way for more specialized and leveraged cryptocurrency ETFs, offering investors a wider range of tools to participate in the crypto market. Validation for XRP: Strong demand for an XRP-focused ETF can be seen as a form of market validation for XRP, despite its past regulatory challenges. It suggests that investors see long-term value and potential in XRP. Actionable Insights for Investors Considering the debut of the Teucrium XRP ETF, here are some actionable insights for investors: Due Diligence is Key: Understand the mechanics of leveraged ETFs. They are not buy-and-hold investments and require active monitoring and management. Ensure you are fully aware of the risks involved. Consider Your Risk Tolerance: Leveraged ETFs are high-risk, high-reward instruments. Assess your risk tolerance and investment goals before allocating capital to XXRP. Stay Informed: Keep abreast of market developments and XRP-specific news. The cryptocurrency market is dynamic, and staying informed is crucial for making sound investment decisions. Diversification: As with any investment, diversification is important. Don’t put all your eggs in one basket, especially with volatile assets like cryptocurrencies and leveraged products. Conclusion: A Promising Start for XRP and Leveraged Crypto ETFs The $5 million first-day trading volume for the Leveraged Teucrium XRP ETF (XXRP) is undeniably an impressive achievement. It signals strong initial investor interest and underscores the growing appetite for diverse cryptocurrency investment products. While leveraged ETFs are not for everyone and come with inherent risks, the successful launch of XXRP marks a significant step forward for both XRP and the evolution of cryptocurrency ETFs . It will be fascinating to watch how this product performs in the coming months and whether it truly opens the door for a new wave of innovative crypto ETFs. To learn more about the latest cryptocurrency ETF trends, explore our article on key developments shaping cryptocurrency investment options.
The post XLM Price Prediction For April 9 appeared first on Coinpedia Fintech News After a 6% price decline, XLM, the native token of Stellar, has begun heading toward its next support level. As of today, April 9, 2025, the market appears to be continuing its downward trend, as the tariff war between the United States and other countries shows no sign of ending soon. XLM Price Action and Its Key Levels Amid the bearish market sentiment, the XLM price prediction has become a key topic of discussion. According to expert technical analysis, the asset has been moving within a falling wedge pattern on the daily time frame. With the recent price drop, XLM has failed to hold its key support level of $0.23 and is now heading toward the lower boundary of the pattern. Source: Trading View Historically, this support level has acted as a zone for price reversals or rebounds. However, after failing to hold this level, XLM could decline by 16% and reach the next support level at $0.19 in the coming days. XLM Price Prediction This continuous price decline has raised concerns about whether it will come to an end or if the asset might see a reversal with upside momentum. The daily chart indicates a strong possibility that the asset could reach the $0.19 level. However, this could be the point where XLM experiences a price reversal. If the downside momentum continues, though, the asset’s price could decline by another 25%, potentially reaching the $0.14 level. Current Price Momentum At press time, XLM is trading near $0.22 and has recorded a price decline of over 6% in the past 24 hours. During the same period, its trading volume dropped by 50%, indicating lower participation from traders and investors compared to the previous day. $2.37 Million Worth of Bearish Bet In addition to the bearish price action, traders also appear to be following the overall market sentiment, as many are strongly betting on the downside. Data from the on-chain analytics firm Coinglass reveals that traders are currently over-leveraged at the $0.212 level on the lower side, with $1.80 million worth of long positions. On the other hand, the $0.234 level is another over-leveraged zone on the upper side, with $2.37 million worth of short positions opened by traders. Source: Coinglass This metric clearly reflects traders’ bearish view of XLM, which could push the asset lower in the coming days.
In the fast-evolving world of artificial intelligence, a groundbreaking development has emerged that could reshape how we perceive and utilize AI. Just as blockchain technology revolutionized digital transactions, a new company, Deep Cogito, is stepping into the limelight with a novel approach to AI. They’re not just building another AI model; they’re introducing a family of Hybrid AI Models called Cogito 1, designed to switch between ‘reasoning’ and standard modes, promising a leap in efficiency and capability. For those in the cryptocurrency and blockchain space constantly seeking cutting-edge tech, Deep Cogito’s unveiling is something to watch closely. Unveiling Deep Cogito and Their Innovative Hybrid AI Models Deep Cogito has officially stepped out of stealth mode, bringing with it a fresh perspective on AI model architecture. Their core innovation lies in Hybrid AI Models , which intelligently blend reasoning and non-reasoning components. Think of it like this: Reasoning AI, exemplified by models like OpenAI’s o1, excels at complex tasks such as mathematics and physics because they methodically work through problems, essentially fact-checking their steps. This process, known as AI reasoning , ensures accuracy in intricate scenarios but demands significant computational resources and time. On the other hand, standard AI models are quicker for simpler tasks but may lack the in-depth analysis needed for complex queries. Deep Cogito’s hybrid approach aims to give you the best of both worlds. Here’s a breakdown of the hybrid model concept: Efficiency Boost: Hybrid models are designed to answer straightforward questions rapidly, leveraging non-reasoning elements for speed. Intelligent Resource Allocation: For more challenging questions, the ‘reasoning’ component kicks in, dedicating extra processing time for in-depth analysis. Versatility: This dual capability makes Hybrid AI Models incredibly versatile, suitable for a wide range of applications from quick queries to complex problem-solving. Cogito 1: Outperforming Open AI Models and Setting New Benchmarks Deep Cogito’s initial offering, the Cogito 1 family of models, is entirely based on this hybrid architecture. The company boldly claims that Cogito 1 outperforms leading Open AI Models of comparable size, including those from tech giants like Meta and the rising Chinese AI startup DeepSeek. In a recent blog post, Deep Cogito stated, “Each model can answer directly or self-reflect before answering (like reasoning models),” highlighting the adaptable nature of their models. What’s even more impressive? This entire model family was developed by a small team in just about 75 days, showcasing remarkable efficiency and expertise. The Cogito 1 range is diverse, spanning from 3 billion to 70 billion parameters, with even larger models up to 671 billion parameters slated for release soon. Parameters are a rough indicator of an AI model’s problem-solving prowess – generally, more parameters equate to enhanced capabilities. Key highlights of Cogito 1’s performance: Feature Description Hybrid Architecture Combines reasoning and non-reasoning components for efficiency and depth. Performance Claims to outperform similar-sized Open AI Models from Meta and DeepSeek. Scalability Models range from 3B to 70B parameters, with up to 671B parameters coming soon. Availability Accessible for download or via APIs on Fireworks AI and Together AI. Built on Open Source Foundations: Llama and Qwen Transparency and collaboration are vital in the tech world, and Deep Cogito acknowledges its foundations. Cogito 1 isn’t built from the ground up; instead, Deep Cogito leveraged Meta’s open Llama and Alibaba’s Qwen models as their base. By applying innovative training methodologies, they enhanced the performance of these base models and enabled the crucial toggleable reasoning feature. This approach not only accelerates development but also contributes to the growing ecosystem of Open AI Models . Benchmarking Success: Cogito 70B vs. Industry Leaders Deep Cogito hasn’t just made claims; they’ve backed them up with internal benchmarking. The results are compelling: Cogito 70B, the largest in the Cogito 1 family, surpasses DeepSeek’s R1 reasoning model in several mathematics and language evaluations when reasoning is enabled. Even with reasoning disabled, Cogito 70B outperforms Meta’s Llama 4 Scout model on LiveBench, a widely recognized general-purpose AI benchmark. These results underscore the power and potential of Deep Cogito’s AI Reasoning and hybrid architecture. Accessibility is also a priority for Deep Cogito. Every Cogito 1 model is readily available for download or use via APIs on prominent cloud providers Fireworks AI and Together AI, making these advanced Hybrid AI Models accessible to developers and researchers alike. The Team Behind the Innovation: DeepMind and Google Veterans Behind every successful tech startup is a capable team, and Deep Cogito is no exception. Founded in San Francisco in June 2024, the company is led by co-founders Drishan Arora and Dhruv Malhotra. Malhotra brings experience as a former product manager at Google’s DeepMind, where he focused on generative search technology. Arora’s background includes serving as a senior software engineer at Google. With backing from firms like South Park Commons, Deep Cogito is driven by an ambitious vision: to build “general superintelligence.” They define this as AI that not only outperforms human tasks but also “uncover[s] entirely new capabilities we have yet to imagine.” What Does This Mean for the Future of AI? Deep Cogito’s emergence and the introduction of their Hybrid AI Models represent a significant step forward in the AI landscape. By focusing on efficiency, performance, and accessibility, they are poised to democratize advanced AI capabilities. For the cryptocurrency and blockchain community, advancements in AI, particularly in AI reasoning and efficient model design, could unlock new possibilities in smart contracts, decentralized applications, and more. As Deep Cogito continues to scale and develop even more powerful models, the industry will be watching closely to see the full impact of their revolutionary approach. To learn more about the latest AI innovations and their potential impact on blockchain and beyond, explore our articles on key developments shaping the future of AI and its applications.