In a recent update from COINOTAG on April 3rd, Arthur Hayes, co-founder of BitMEX, addressed the implications of U.S. Treasury bonds and the challenges posed by Trump’s tariff policy. Hayes
The post EOS, Story, & Litecoin Surge As Markets Consolidate—Here’s What’s Next for These Altcoins appeared first on Coinpedia Fintech News Since the inauguration of the new president of the US, the markets have remained highly volatile. Moreover, the tariff war has caused more harm, which seems to have become more uncertain than before. The latest ‘Liberation Day, ’ wherein President Trump announced new tariffs on various countries, also had a negative impact on the traditional as well as the crypto markets. Most of the cryptos are juggling around a pivotal support zone, while some, like Story, EOS & Litecoin, are demonstrating some strength. Story (IP) Price Gearing Up for 15% Upswing The IP price remains stuck within a descending parallel channel, regardless of the short-term upswing, pushing the token lower After some volatility, the rally appears to have turned calm now as the Bollinger bands have begun to contract On the other hand, the Stochastic RSI is about to test the lower threshold that may soon trigger a bullish crossover Therefore, the Story price is expected to remain consolidated and contract the bands more, which could result in a massive explosion With this, the Story price is believed to test the upper targets at $4.5, $4.8 and $5, and after securing the uppermost target, the token may be believed to have risen above the bearish captivity. EOS (EOS) Price Heading for a Golden Cross The EOS price has broken above the bearish influence as it reclaims levels above the ascending trend line and tests one of the important resistance zone Although the bears are trying hard to restrict the rally, the EOS price is expected to revive a strong upswing as a strong bullish confirmation is on the horizon The 50/200-day MA displays signs of a bullish crossover, and hence, this validation is expected to initiate a fresh ascending trend Meanwhile, the MACD shows a rise in buying pressure, and the levels have risen into the positive zone for the first time since the start of 2025 Therefore, the EOS price is expected to break out of the resistance zone around $0.8 and reach $1 this month Bearish Clouds Hover Over Litecoin (LTC) Price Being a little different from the other two tokens, the LTC price is flashing massive bearish signals The price is testing the ascending trend line, which has been acting as a strong support since August 2022 Besides, the RSI is depleting and probably going to test the lower threshold while the Ichimoku cloud is heading for a bearish crossover Therefore, the Litecoin price is feared to drop below the trend line, reach the local support at $75, which may not be held either Therefore, a drop below $60 could attract significant liquidity as it did before and trigger a rebound above $70
Trump's tariffs led to significant declines in the crypto market, particularly XRP. XRP investors faced over $20 million in losses amid the recent market turmoil. Continue Reading: Trump’s New Tariffs Spark Turmoil in Crypto Markets The post Trump’s New Tariffs Spark Turmoil in Crypto Markets appeared first on COINTURK NEWS .
Bitcoin’s price grapples beneath $85,000 as investor caution surfaces, revealing a significant drop in circulation and market sentiment. Despite turbulent market conditions, long-term holders remain optimistic, showcasing a strong commitment
The post Top 10 Solana Blockchain APIs for Developers appeared first on Coinpedia Fintech News With the introduction of easy memecoin generation, Solana took off last January post pumpfun launch soaring in trading volume and activity. On-chain analysts scrambled to keep up with the activity with new data providers indexing Solana quickly. In this blog, we will have a look at some of the top APIs and data products that provide real-time and historical Solana data covering different aspects. 1. Bitquery Solana API Bitquery offers an unparalleled Solana API with advanced blockchain analytics, transaction insights, and real-time data access. Unlike conventional APIs that merely provide node access, Bitquery delivers structured analytics, allowing developers to extract meaningful insights without additional processing. Bitquery Solana Data APIs offer simple and powerful tools to access data from popular Solana-based DEXs like Raydium , Pumpfun, Pumpswap, and more. These APIs provide real-time instructions and trade data, helping users track live activity on the Solana blockchain. You can explore memecoin data including Pump Fun and it’s AMM using Pumpswap APIs , or watch how the real-time data pipeline works in this video . For developers, Bitquery also supports real-time Solana data streaming using Kafka , making it easy to broadcast and process blockchain data quickly. 2. Solana JSON RPC API The Solana JSON RPC API is the default API provided by Solana and is designed primarily for direct interaction with Solana nodes. It enables developers to retrieve: Account and transaction details Token balances Block data Smart contract interactions While it provides fundamental blockchain access, it lacks analytical depth, real-time tracking, and efficient data filtering , making it less effective than Bitquery. 3. QuickNode Solana API QuickNode offers an optimized API for faster blockchain queries. Its infrastructure is designed for speed and scalability, featuring: High-speed RPC endpoints Caching mechanisms for reduced latency WebSocket support for real-time updates However, QuickNode is mainly focused on improving node interactions rather than delivering deep blockchain analytics, making Bitquery a better choice for data-driven applications. 4. Alchemy Solana API Alchemy provides a Solana API suite with debugging tools and enhanced indexing capabilities. Key features include: Web3-native debugging tools for tracking smart contract executions Real-time blockchain monitoring to detect transaction statuses Enhanced indexing for more efficient data retrieval While Alchemy is useful for debugging and monitoring, Bitquery surpasses it in transaction analytics, DeFi insights, and data structuring through GraphQL. 5. Ankr Solana AP Ankr offers decentralized node hosting and API solutions, supporting: Distributed infrastructure for improved reliability REST and WebSocket connectivity Free and premium service plans Ankr is a good alternative for decentralized node hosting. Still, it lacks the analytical and querying capabilities of Bitquery , making it more suitable for general infrastructure support rather than in-depth data analytics. 6. Moralis Solana API Moralis specializes in simplifying dApp development with: NFT and token data retrieval User authentication solutions Real-time blockchain event tracking While Moralis is great for NFT platforms , Bitquery provides a broader range of analytics , covering DeFi, transactions, and smart contract activity , making it more comprehensive. 7. Figment DataHub API Figment’s API is optimized for blockchain indexing and developer-friendly data access. It offers: Pre-indexed blockchain data Developer tools for querying historical data Web3 analytics support Figment is useful for indexing but lacks real-time tracking and flexible GraphQL queries , making Bitquery the superior choice for high-speed and custom blockchain analysis. 8. The Graph Solana API The Graph is known for decentralized blockchain data indexing. Features include: Custom subgraphs for specific data queries GraphQL support for flexible queries Efficient blockchain indexing for historical data While The Graph is a strong indexing tool , Bitquery’s real-time analytics, transaction monitoring, and DeFi insights provide a more complete solution for blockchain developers. 9. Helius Solana API Helius provides enhanced NFT and Web3 developer tools , including: Advanced NFT metadata retrieval Web3-native event tracking Token and account analytics Helius is a solid option for NFT and gaming applications, but Bitquery’s all-encompassing blockchain data solutions make it the better choice for multi-purpose analytics. 10. Chainstack Solana API Chainstack offers a robust enterprise-grade Solana API featuring: High uptime and reliability Scalable node infrastructure Secure authentication for API access While great for large-scale applications, Chainstack lacks Bitquery’s advanced analytics and data structuring capabilities. Conclusion When it comes to the best Solana blockchain API , Bitquery is unmatched in delivering real-time blockchain analytics, transaction insights, and DeFi intelligence. Unlike other APIs that focus on basic node access, indexing, or debugging, Bitquery transforms raw blockchain data into actionable intelligence , making it the ideal choice for developers, enterprises, and Web3 analysts. If your goal is comprehensive blockchain insights, real-time tracking, and seamless GraphQL queries , Bitquery’s Solana API is superior to traditional RPC and indexing platforms. Explore Bitquery today and take your Solana blockchain development to the next level!
In the ever-evolving world of cryptocurrency, trust and transparency are paramount. For stablecoins, which aim to maintain a steady value, proving their reserves is non-negotiable. Binance, a leading crypto exchange, has once again stepped up to reinforce the stability of FDUSD, a popular stablecoin. Let’s dive into the latest announcement and understand why this is reassuring news for crypto users. Binance Reconfirms FDUSD Reserve Attestation: What Does It Mean for You? Binance has recently reiterated the accuracy of the February attestation report for FDUSD reserves. This report, an independent assessment conducted by Prescient Assurance and commissioned by FDUSD issuer FD121 Limited, offers a snapshot of FDUSD’s backing. The key takeaway? As of March 1st, 2024, at 01:00 UTC, FDUSD held over $2 billion in reserves . But what exactly constitutes these reserves? According to the report, FDUSD’s reserves are strategically held in: U.S. Treasuries : Considered among the safest and most liquid assets globally, U.S. Treasuries provide a solid foundation for the reserves. Overnight Fixed Deposits : These deposits offer liquidity and security, ensuring that funds are readily accessible when needed. Crucially, the report confirms that these robust reserves exceeded the total circulating supply of FDUSD at the time. This over-collateralization is a strong indicator of FDUSD’s stability and its ability to maintain its peg to the US dollar. Binance has not only acknowledged this data upon its initial release but has also recently verified it again, demonstrating their commitment to transparency and user confidence in crypto reserves . Adding another layer of assurance, a new attestation report for March is anticipated within the next two weeks. This continuous monitoring and reporting underscore the ongoing commitment to maintaining and verifying the integrity of FDUSD’s backing. Why is FDUSD Reserve Attestation Crucial for Stablecoin Confidence? Stablecoins, like FDUSD, play a vital role in the cryptocurrency ecosystem. They aim to provide a safe haven from the volatility often associated with other cryptocurrencies. To achieve this, they are typically pegged to a fiat currency, most commonly the US dollar. However, this peg is only as strong as the reserves backing it. Reserve attestation reports are essential because they offer an independent verification that a stablecoin issuer holds sufficient assets to back its circulating supply. Think of it as an audit for the digital age, providing transparency and accountability. Without these attestations, questions arise about the actual backing of the stablecoin, potentially leading to a loss of confidence and, as we’ve seen in the past, even de-pegging events. In fact, FDUSD itself experienced a temporary de-pegging incident. This occurred after concerns were raised by Justin Sun regarding the capabilities of Hong Kong-based custodian First Digital Trust (FDT) to handle client fund redemptions. Such incidents highlight the sensitivity of stablecoin pegs and the importance of robust reserve management and transparent communication. Binance’s proactive approach to reserve attestation helps to mitigate these concerns and build trust in the stablecoin . The Strength of US Treasuries in FDUSD’s Backing The composition of FDUSD’s reserves is a significant factor in its perceived stability. The decision to hold a substantial portion in US Treasuries is noteworthy. Why? Because U.S. Treasuries are widely considered to be: Low-Risk : Backed by the full faith and credit of the U.S. government, they are among the safest investments available. Highly Liquid : They can be easily bought and sold in the market, ensuring quick access to funds if needed. Stable Value : While not immune to fluctuations, they are generally less volatile compared to many other asset classes, particularly in the crypto world. By prioritizing US Treasuries and overnight fixed deposits, FDUSD positions itself as a stablecoin backed by high-quality, liquid assets. This contrasts with some other stablecoins that might rely on riskier or less transparent reserve assets. This strategic choice in reserve composition further reinforces the confidence in FDUSD’s peg and overall stability. Looking Ahead: What’s Next for FDUSD and Binance Crypto Reserves? Binance’s continued emphasis on reserve attestation for FDUSD is a positive signal for the market. The upcoming March report will provide another timely update, allowing users to monitor the ongoing health and backing of the stablecoin. This proactive approach to transparency is crucial for maintaining trust in the often-complex world of cryptocurrency. For users of FDUSD and the broader crypto community, here are some actionable insights: Stay Informed : Keep an eye out for the upcoming March reserve attestation report for FDUSD. Review Attestation Reports : When choosing a stablecoin , prioritize those with regular, independent attestation reports. Understand Reserve Composition : Look into what assets are backing the stablecoin. A higher proportion of low-risk, liquid assets like US Treasuries is generally preferable. Use Reputable Exchanges : Exchanges like Binance that prioritize transparency and reserve attestation contribute to a healthier crypto ecosystem. Binance’s reconfirmation of the FDUSD reserve attestation accuracy is more than just a routine update. It’s a powerful message about the exchange’s commitment to transparency, user trust, and the stability of the crypto market. By consistently verifying and communicating the backing of FDUSD, Binance is setting a positive example for the industry and providing reassurance to crypto holders. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
The post U.S. House Passes STABLE Act: Trump’s Stablecoin Ties Spark Debate appeared first on Coinpedia Fintech News The U.S. House Financial Services Committee has pushed forward the STABLE Act, a major step toward stablecoin regulations. While the bill gained bipartisan support, Democrats are raising red flags over Donald Trump’s involvement with World Liberty Financial (WLFI) and its USD1 stablecoin . STABLE ACT HAS PASSED COMMITTEE WITH A VOTE OF 32-17 @DigitalChamber owes a huge debt of gratitude to Chair @RepFrenchHill and Subcmte Chair @RepBryanSteil for expeditiously working to keep the U.S. the leader of the stablecoin ecosystem On to a full House vote. Let's do… https://t.co/ygS7hYpm7b — Taylor Barr (@taylorjbarr) April 3, 2025 The House Financial Services Committee has recently taken a significant step in regulating stablecoins, passing the STABLE Act with a 32-17 vote. The bill, introduced by Chair French Hill and Rep. Bryan Steil, aims to establish a clear framework for dollar-backed stablecoins, enforcing reserve requirements and anti-money laundering standards. Moreover, lawmakers stressed the importance of keeping pace with blockchain technology to maintain global competitiveness. Trump’s Crypto Connection Sparks Debate The STABLE Act advanced after an intense markup session, with 26 Republicans and six Democrats voting in favor. However, many Democrats expressed concern about Trump’s deep ties to stablecoins, especially after his affiliated firm, World Liberty Financial (WLFI), announced its own stablecoin (USD1). Given Trump’s history of selling NFTs and memecoins like TRUMP, they argue he could directly benefit from the regulations he may influence as president. Republican Push for Quick Action Despite the controversy, Republicans are pushing to finalize stablecoin regulations by August. Committee Chairman French Hill emphasized the need for “guardrails, not roadblocks” to bring innovation. Democrats, including Maxine Waters and Stephen Lynch, countered by accusing Trump of using his presidential influence for personal gain, a charge Republicans brushed off as unnecessary. Stablecoins, CBDC Ban, and More This wasn’t the only crypto-related debate in Congress. Alongside the stablecoin bill, lawmakers discussed banning a U.S. central bank digital currency (CBDC) and establishing a task force to combat illicit crypto activities. The Financial Technology Protection Act, aimed at tackling crypto crime, passed unanimously, while the anti-CBDC bill saw a split vote of 27-22. With the House and Senate both advancing stablecoin bills, lawmakers will now work on merging them into a single version for final approval. Meanwhile, Trump is expected to sign a resolution that overturns an IRS rule targeting DeFi, marking another win for the crypto industry. Whether stablecoin regulations will pass before the elections and what role Trump will play remains to be seen. Community Reaction Reacting to the news, Coinbase CEO Brian Armstrong argues it would push innovation forward and keep the industry in the U.S., while lawmakers like Rep. French Hill say there’s already a long-standing consensus against it. Meanwhile, discussions on broader crypto regulations are moving forward, with Rep. Bryan Steil calling stablecoin and market structure bills “peanut butter and jelly” essential together. As the STABLE Act heads for debate, Circle’s Dante Disparte is pushing for quick approval, especially as Circle just filed for its IPO. Ahead of tomorrow’s . @FinancialCmte markup of the STABLE Act, we must first commend Chairman . @RepFrenchHill and . @RepBryanSteil on how the bill achieves a clear America first standard when it comes to the issuance and circulation of dollar-denominated payment stablecoins. Clear… — Dante Disparte (@ddisparte) April 1, 2025
In a recent livestream on April 3rd, crypto entrepreneur Justin Sun unveiled a substantial initiative aimed at recovering lost assets within the cryptocurrency sphere. Sun announced that he will extend
Trump's tariff announcement caused $500 million in liquidations in the crypto market. Investors faced significant losses due to sudden price fluctuations. Continue Reading: Trump’s Tariff Announcement Triggers Massive Liquidation in Crypto Market The post Trump’s Tariff Announcement Triggers Massive Liquidation in Crypto Market appeared first on COINTURK NEWS .
Buckle up, crypto enthusiasts! The traditional markets are flashing red, and it’s time to pay attention. Nasdaq 100 futures have just nosedived a staggering 4.2%, while S&P 500 futures aren’t far behind, tumbling 3.5%. What does this mean for your crypto portfolio? Let’s dive deep into this developing situation and uncover the potential crypto market impact of this sudden stock market tremor. Decoding the Shocking Nasdaq Futures and S&P 500 Drop The sharp decline in Nasdaq futures and S&P 500 futures is sending shockwaves through global markets. But what exactly are these futures, and why are their movements so crucial? Futures contracts are essentially agreements to buy or sell an asset at a predetermined future date and price. They act as indicators of market sentiment and often foreshadow the direction of the actual stock market when it opens. A significant drop in futures, like the one we’re witnessing now, typically signals investor apprehension and anticipation of a downturn in the underlying stock indices. Here’s a breakdown of what you need to know: Nasdaq 100 Futures: These futures track the performance of the Nasdaq 100 index, which is heavily weighted towards technology stocks. A 4.2% drop suggests significant selling pressure in the tech sector, often considered a growth and risk-on area of the market. S&P 500 Futures: Tracking the broader S&P 500 index, a 3.5% fall here indicates widespread concern across various sectors of the U.S. economy. Global Market Contagion: The U.S. stock market is a global bellwether. Significant movements here can trigger similar reactions in markets worldwide, including the cryptocurrency market. The reasons behind this sudden downturn are likely multifaceted, ranging from concerns about inflation and rising interest rates to geopolitical uncertainties. Whatever the catalyst, the immediate effect is clear: risk assets are being reassessed, and investors are exhibiting a flight to safety. The Tangible Crypto Market Impact: What to Expect? So, how does a stock market crash , or even a significant dip in futures, translate to the crypto world? The correlation between traditional markets and cryptocurrencies, particularly Bitcoin and Ethereum, has become increasingly apparent in recent times. When traditional markets experience turbulence, the crypto market often feels the ripple effects. Here’s a look at the potential impacts: Impact Area Potential Effect on Crypto Investor Sentiment Negative sentiment in traditional markets can spill over to crypto, leading to increased selling pressure and price drops. Risk-off behavior becomes dominant. Liquidity Crunch During market downturns, investors may liquidate assets across the board to raise cash, impacting crypto liquidity and potentially triggering sharper price declines. Institutional Investors Institutions, now increasingly involved in crypto, often manage risk across their entire portfolio. Stock market losses might prompt them to reduce exposure in more volatile assets like cryptocurrencies. Correlation Play Algorithmic trading and market-making bots often operate based on correlations between different asset classes. A stock market downturn can trigger automated selling in correlated assets like crypto. However, it’s crucial to remember that the crypto market is also driven by its own unique factors, including technological developments, regulatory news, and adoption rates. While traditional market woes can exert downward pressure, they don’t dictate the entire narrative for crypto. Navigating Market Volatility: Is This a Buying Opportunity Amidst Market Volatility? Market downturns, while unsettling, can also present opportunities. The current market volatility , triggered by the futures drop, could be viewed in a few different ways by crypto investors: Potential Buying Opportunity: For long-term believers in crypto, significant price dips can be seen as chances to accumulate assets at lower prices. The adage “buy the dip” becomes relevant, but requires careful consideration and risk management. Risk Assessment: It’s a crucial time to reassess your portfolio risk. Are you overexposed to volatile assets? Do you have sufficient cash reserves? Market corrections are healthy reminders to review and adjust your investment strategy. Diversification: While crypto can be a valuable part of a portfolio, diversification across different asset classes remains key. Traditional market events highlight the importance of not putting all your eggs in one basket. Focus on Fundamentals: In times of market turmoil, it’s beneficial to refocus on the fundamentals of your crypto investments. Are the underlying projects still strong? Is the adoption narrative intact? Solid projects often weather market storms better. It’s essential to approach the current situation with a balanced perspective. Panic selling based on short-term market fluctuations is often detrimental. Instead, informed decision-making, based on research and a clear understanding of your risk tolerance, is paramount. The Unpredictable Road Ahead: Staying Informed in Times of Market Uncertainty The drop in Nasdaq and S&P 500 futures serves as a stark reminder of the interconnectedness and inherent volatility of global markets. While the immediate stock market crash implications for crypto are negative price action, it also presents a crucial moment for investors to learn, adapt, and potentially capitalize on emerging opportunities. The coming days and weeks will be critical in determining the longer-term impact of this market event. Staying informed, being prepared, and maintaining a long-term perspective are your best tools in navigating these uncertain times. To learn more about the latest crypto market trends, explore our article on key developments shaping crypto market price action.