The post Pi Network News: Pi Coin Surges from Record Lows – Is $1 Next? appeared first on Coinpedia Fintech News The Pi Network community feels both frustrated and hopeful as Pi Coin’s price keeps changing. It recently dropped to a record low of $0.40, worrying investors. But in a surprising move, the token jumped 70% in just a few days before settling at a 45% gain. This has raised hopes—could this be the start of a big comeback towards $1? PI Price Offers New Hope After weeks of struggling, Pi Coin has finally made a strong comeback, jumping 40% to $0.56. This sudden rise has given investors new hope, with many wondering if the token could finally reach $1 . Market data shows that Pi Coin has broken out of its downward trend, giving hope for a possible recovery. The Relative Strength Index (RSI) is now at 52.13, above the neutral 50 but still below the overbought level. This means buying interest is growing, but not too fast. Market Sentiment Begins to Shift One of the key signals pointing toward renewed investor interest is the Chaikin Money Flow (CMF) indicator, which has shown a rise in positive inflows. This suggests that more money is entering Pi Network, likely because investors believe the recent price drop may have been the market bottom. For months, many investors hesitated to invest as Pi Coin kept falling. But with signs of a potential recovery, confidence appears to be returning. If this trend continues, Pi Network may be poised for further growth. Another key factor is Pi Network’s connection to Bitcoin. While still low at 0.24, this correlation has improved. If Bitcoin rises, Pi Coin could also gain from the strong market trend. Pi Coin Price Analysis Pi Coin’s recent price recovery to $0.56 highlights its potential for rapid reversals. If such bullish momentum continues, Pi Network could target the $0.87 level, and possibly even hit the highly anticipated $1 mark. Such a recovery would restore faith in the project and attract more investors. However, if bearish signals return and Pi Coin falls below the critical support level of $0.50, it may drop back to $0.40 or even lower. This would erase recent gains and put the token at risk of further declines.
COINOTAG News reported on April 7th that according to LookIntoChain‘s monitoring, a prominent crypto entity known as Strategy has refrained from acquiring any Bitcoin (BTC) over the past week. Presently,
A massive DeFi liquidation has raised eyebrows after an ETH whale was liquidated on Sky, formerly known as Maker, losing 67,570 ETH valued at approximately $106 million. The position was wiped out as Ether (ETH) tumbled over 14% on April 6, causing the collateral ratio of the whale’s vault to fall below the critical liquidation threshold. According to data from DeFi Explore and Lookonchain, the liquidation was triggered when the collateralization ratio dropped to 144%, just under the platform’s required 150%. This allowed the Sky protocol to seize and auction off the ETH collateral. As $ETH plummeted, the 67,570 $ETH ($106M) held by this whale on #Maker was liquidated! https://t.co/kXSkKh1H0P pic.twitter.com/IDjzbQ8P3z — Lookonchain (@lookonchain) April 7, 2025 Sky, a rebranded version of the MakerDAO lending platform, allows users to lock up ETH as collateral to borrow the decentralized stablecoin DAI . The protocol enforces an over-collateralization policy, requiring users to deposit significantly more ETH than the value of the DAI borrowed. When the market value of ETH plunges, collateral ratios shrink, and positions become vulnerable to automatic liquidation. In this whale’s case, the market crash proved catastrophic. The timing couldn’t have been worse. With ETH falling to a seven-month low of $1,547, marking its steepest single-day drop since October 2023, the protocol’s automated liquidation system kicked into gear. Over a few hours, the whale’s once-massive position vanished, making this one of the most high-profile liquidations in DeFi history. Whales Scramble to Save Positions as ETH Collapses The situation quickly escalated beyond a single whale. Spot On Chain reported that another large holder, with 56,995 wrapped ETH (approximately $91 million) used as collateral, narrowly avoided liquidation by making emergency capital injections. A whale who supplied 56,995 $WETH ($90.8M) to borrow $DAI on #Maker is on the verge of liquidation, with a liquidation price of $1,564.58. Earlier today, another giant whale was already liquidated for 67,569 $ETH ($106M) at $1,650 to repay a $74.49M loan as the price plunged!… pic.twitter.com/1GGSJjmmRI — Spot On Chain (@spotonchain) April 7, 2025 Meanwhile, another anonymous whale, on the brink of losing 220,000 ETH (valued at $340 million), took drastic action. A whale with 220,000 $ETH ($340M) on #Maker just repaid 3.52M $DAI and deposited 10,000 $ETH — lowering the liquidation price to $1,119.3. If $ETH drops to $1,119.3, the 220,000 $ETH ($340M) will be liquidated. https://t.co/TNdyBD2IvM pic.twitter.com/xEndExRQVg — Lookonchain (@lookonchain) April 7, 2025 According to Lookonchain, the investor deposited an additional 10,000 ETH (worth around $14.5 million) and 3.54 million DAI to stave off liquidation. These deposits raised the position’s liquidation threshold and temporarily bought time against further ETH price declines. However, the scale of market-wide damage was unprecedented. CoinGlass data revealed that over 446,000 positions were liquidated in a single 24-hour window, with total losses surpassing $1.36 billion. Source: CoinGlass A staggering $1.21 billion of those were long positions, showing just how quickly bullish bets were undone. The single largest liquidation recorded was a $7 million Bitcoin position on OKX. With Ethereum dropping below 0.02 BTC , a psychologically significant ratio not seen since early 2020, analysts warned that ETHBTC could slide further to levels last seen in September 2019 (0.01615 BTC) or even March 2017 (0.0128 BTC) if the trend continues. ETH is now down 44% against BTC year-to-date and remains 79% off its 2021 peak when DeFi and NFT mania drove demand. Trump Tariffs Trigger Global Panic and Crypto Meltdown The crypto market collapse didn’t happen in isolation. The catalyst behind the rapid downturn was a wave of macroeconomic fear sparked by U.S. President Donald Trump’s announcement of sweeping tariffs . The crypto market dropped 3% Friday as Trump’s new tariffs raised fears of a global economic slowdown. #TrumpTarrifs #CryptoMarket https://t.co/SmiMbnTGOz — Cryptonews.com (@cryptonews) April 4, 2025 On April 2, Trump unveiled a package that included a 25% tariff on vehicle imports and a baseline 10% duty on all imported goods, coupled with “reciprocal tariffs” targeting countries with trade barriers against the U.S. The announcement sent global markets spiraling. The S&P 500 suffered its worst two-day loss in history, wiping out $5 trillion in value. Crypto markets soon followed suit. Bitcoin dipped below $75,000, and major altcoins like Solana (SOL), Ripple (XRP), and Dogecoin (DOGE) fell by over 20% in a matter of hours. XRP broke below its 200-day moving average, SOL plunged under $100, and DOGE crashed to $0.13. Even traditional markets weren’t spared. The Hang Seng Index dropped over 12%, while Japan’s Nikkei 225 fell nearly 7%. U.S. stock futures plunged across the board, pointing to a chaotic start to the week. Amid the panic, safe havens like gold and the Japanese yen saw renewed demand, further draining liquidity from the crypto market. Billionaire hedge fund manager Bill Ackman voiced concerns , urging Trump to suspend the tariffs for 90 days. In a strongly worded post, Ackman warned of an “economic nuclear winter,” claiming the business community was rapidly losing confidence in the administration’s leadership. The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust. President @realDonaldTrump has elevated the tariff issue to the most important geopolitical… — Bill Ackman (@BillAckman) April 6, 2025 “This is not what we voted for,” he said, noting that confidence is paramount in business, and the president’s current trajectory threatens to undermine that trust. Despite the chaos, some believe this could signal the market’s bottom. Nansen Research estimates a 70% chance that the market could bottom out by June, depending on how tariff negotiations unfold. Meanwhile, the fallout from Black Monday continues. Ethereum now trades around $1,515, and Tether (USDT) is within striking distance of overtaking ETH by market cap. If the bloodbath continues, ETH could lose its position as the second-largest cryptocurrency entirely. With over $1.36 billion liquidated in one day, the market’s message is clear: risk appetite is fading fast, and unless prices rebound, more whales could soon meet the same fate as the $106 million Sky liquidation victim. The post ETH Investor Faces $100M Loss After Sky DeFi Liquidation Amid Market Crash appeared first on Cryptonews .
The post Bitcoin Slump Drags Metaplanet and Semler Down, Strategy Holds Steady with 10% Gain appeared first on Coinpedia Fintech News After Bitcoin took a nosedive to $74,500 following Donald Trump’s tariff tensions, the shockwaves hit hard not just to the retailers, but Companies like Metaplanet and Semler, also saw their stock prices tumble fast. Bitcoin has crashed to its lowest in five months. The 33 percent drop from its January peak has left MicroStrategy only slightly in profit. The company spent $35.6 billion on Bitcoin and now holds an unrealized gain of around $3.9 billion. Metaplanet and Semler stumble as Bitcoin dips; Strategy holds firm As of April 2, Metaplanet holds 4,206 BTC bought at around $88,800 each, putting the firm 15% in the red. The situation worsened on Monday when its stock dropped a sharp 20% in just one day. Similarly, Semler Scientific has also faced setbacks. Having bought BTC at an average price of $87,854, the company’s stock has dropped by 38% due to a 20% decline in Bitcoin’s value this year. Meanwhile, MetaPlanet has seen a 15% drop in its stock, while Strategy has only experienced a minor 2% decline. Strikingly, Strategy owns a whopping 528,185 BTC, worth $39.5 billion today, with each coin bought at an average of $67,458. Despite the market dip, its stock is still trading at a premium, nearly double the value of its crypto stash. Notably, according to CoinDesk Research, even if Bitcoin plunges below what they paid, MSTR is not facing liquidation anytime soon. Metaplanet Announces Early Redemption In a latest disclosure, Metaplanet Inc. announced that on April 4, 2025, it fully repaid its 9th Series of Ordinary Bonds, worth 2 billion JPY, through an early redemption. This follows a partial repayment of 1.5 billion JPY made on March 27, 2025. The funds for this redemption came from EVO FUND’s exercise of stock acquisition rights, as previously disclosed. Since the bonds were interest-free, the full repayment will have little impact on Metaplanet’s financial performance for the fiscal year ending December 31, 2025. It recently secured ¥2.63 billion to expand its Bitcoin holdings, doubling down on crypto as a strategic asset. It also recently boosted its Bitcoin holdings by acquiring 696 BTC, bringing the total to 4,046 BTC. This move comes as its Bitcoin Income Generation business earned ¥770 million in Q1, with an impressive 95.6% year-to-date BTC yield.
MANTRA MEF Fund:- The Web3 landscape has witnessed a notable rise in startups focused on RWA tokenization. According to Tracxn’s report, as of January 2025, there are 412 asset tokenization startups, with 179 receiving funding and 41 securing Series A or higher rounds. In a further step supporting the growing landscape of RWA startups, MANTRA, the RWA-focused layer-1 blockchain, has launched MANTRA Ecosystem Fund (MEF) of over $108 million to support the developing RWA Projects. The launch, coming only a month after it received VASP License in Dubai, will deploy the funding assets in innovative RWA projects over the next four years. Notably, MEF will implement the funding with the helo of its vast partner network which includes Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital, Amber Group, among other big names. This would ensure that the project applicants seeking investment can be from any part of the world. What kind of Projects will MANTRA’s MEF Support? Investor interest in RWA startups has intensified significantly. In 2024, investments in RWA-related startups grew by 150%, with $2 billion allocated to asset tokenization projects. Certain notable funding rounds include Maple Finance raising $50 million to expand its tokenized debt offerings and Tokeny securing $25 million to digitize corporate bonds. And now with this new fund, RWA projects are set to receive further boost. As per the Press Release shared with CoinGape, the MEF will support the best projects that are innovating with RWA tokenization, and even those that are chain agnostic. Notably, it will support not only early stage projects but projects at all the stages. It will evaluate the projects on the basis of introductory pitches. “MEF will operate an open-arms policy, welcoming projects at any developmental stage globally with a particular focus on RWA’s and DeFi”, told John Patrick Mullin, MANTRA CEO. With no limit on the number of projects to be chosen, the fund would seek projects who are focused on DApps and infrastructure in the RWA or Defi Universe. It has listed the kind of projects in which the fund would seek to fund. This includes domains such as Trading and Exchange, Lending and Borrowing, Asset Management and Derivatives and Synthetics. Boost for RWA Innovation and Market The MANTRA Fund launch also comes at a time when the major financial institutions are also increasingly engaging with RWA tokenization amid growing market uncertainity over Trump tariffs. Last week only, Fidelity filed to SEC seeking the registration of a tokenized version of its money market fund. BlackRock, in another instance, launched a dedicated RWA tokenization fund in late 2024, signaling strong institutional commitment to this trend. Additionally, tokenized money market funds have attracted over $1 billion in assets under management, with offerings from both traditional firms like BlackRock and Web3-native entities such as Ondo Finance. The market for RWA tokenization is also poised for substantial expansion. Estimates suggest that the total market value of tokenized assets could significantly exceed $10 trillion by 2030. Real estate is projected to become the largest segment, accounting for nearly one-third of the overall market by 2030. Thus, MANTRA’s MEF Fund can prove to be a boost for the RWA innovation and provide the capital support to the needed founders and builders. The post Breaking: MANTRA Launches $108M Fund to Support RWA Projects appeared first on CoinGape .
The notorious ‘Hyperliquid 50x whale’ is back in action with a newly formed long position of 47,253 ETH leveraged at 20x. The trader has gained a profit of nearly $2 million. After a month of inactivity, the trader took advantage of the sharp decline in Ethereum ( ETH ) prices by opening a long position with 20x leverage on Hyperliquid. The position consisted of 47,253 ETH, worth approximately $70.86 million with an entry price of $1,459 and a liquidation price of $1,391. Most recently, the whale closed its ETH long position on April 7 at around 11:00 AM UTC and made a profit of $1.87 million after withdrawing $6.3 million back to Arbitrum ( ARB ). On-chain data showed that the whale ‘s long position accumulated profit reached a peak of $4.52 million, before retracting within a few hours. According to data from crypto.news, Ethereum has gone down by nearly 17% in the past 24 hours. ETH is currently trading hands at $1,487. This is the first time Ethereum has fallen below the $1,500 threshold since March 2023. Its market cap went down by more than 18% following the price drop. Price chart for Ethereum in the past 24 hours of trading, April 7, 2025 | Source: crypto.news You might also like: A whale is being ‘hunted down’ for short positioning over 5,400 BTC with 40x leverage The origins of the Hyperliquid 50x ETH whale The anonymous trader earned the nickname “Hyperliquid 50x ETH whale” after it opened a long position of 175,000 ETH with 50x leverage on March 12. The position was valued around $340 million and almost sparked a market crash on the liquidity platform. After closing at 15,000 ETH, the whale transferred around 17.09 million USDC in margin back to their address. After the margin was withdrawn, it triggered the platform to automatically liquidate the remaining 160,000 ETH. Due to large liquidation size, Hyperliquid vault took over the position at $1,915 and tried to unravel it. As a result, Hyperliquid took on the brunt of the liquidation and suffered a loss of more than $4 million. Even after the massive liquidation, the whale still managed to secure a net profit of around $1.8 million. To prevent a repeat of the incident, Hyperliquid announced that it would be lowering its BTC ( BTC ) and ETH maximum leverage to 40x and 25x respectively. Read more: Bybit CEO reacts to Hyperliquid ETH liquidation, questions DEXs guardrails
HONG KONG, April 7, 2025 /PRNewswire/ — MANTRA Chain, a layer 1 blockchain purpose-built for tokenized real-world assets (RWAs), today announced the launch of the MANTRA Ecosystem Fund (MEF), a $108,888,888 million investment initiative designed to accelerate the growth and adoption of projects within the MANTRA ecosystem. The announcement of the MEF arrives after MANTRA became the first DeFi platform to successfully obtain a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services. Supported by a strong network of partners and investors, the MEF will deploy up to $108,888,888 million over the next four years to support high-potential blockchain projects around the world. The MEF will serve as a strategic growth engine, providing capital to startups alongside globally renowned investment firms. Investment opportunities will be sourced through MANTRA’s vast partner network, including leading incubators and accelerators, and capital partners such as Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital, Amber Group, Manifold, UoB Venture, DAMAC, Fuse, LVNA Capital, Forte, and many more. This extensive global reach will ensure that the MEF gains exposure to top-tier projects from around the world. “In an era where blockchain technology is revolutionizing finance, the MEF will serve as a catalyst for groundbreaking projects that drive real-world adoption through a focus upon the tokenization of real world assets,” said John Patrick Mullin, CEO and founder of MANTRA. “By aligning with top investors and incubators, we are opening doors for visionary founders and teams to join us in building and creating a thriving ecosystem and bringing more of the world on-chain.” Gideon Daitz, partner at Three Point Capital , who will lead the MEF said, “Our primary mission with the MEF is to support the development of RWA tokenization globally, empowering teams with capital, network, and advice to put the world’s highest-quality assets on-chain. We are primarily focused on building out the MANTRA ecosystem, but we genuinely believe in playing a non-zero-sum game, where collaboration and a broad open-arms policy will serve our community and industry best.” Further adding, “We are seeking to make high conviction, resource heavy developments into fewer more focused teams, ultimately fostering stronger and more ingrained ties through our diverse network of resources.” The MEF aims to attract and support the best teams in the world innovating with RWA tokenization, welcoming projects at any developmental stage, and even those that are chain agnostic. By fostering collaboration between blockchain pioneers and leading investment firms, MEF is set to become a major force in the evolution of DeFi and RWA adoption. For more information on how to apply, visit MANTRAChain.io . About MANTRA MANTRA Chain is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability. MANTRA holds a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services.
Aavenomics, the proposal to modify Aave protocol tokenomics and introduce token buybacks, has achieved a quorum for the Aave DAO. Aave Chain Initiative (ACI) founder Marc Zeller announced this on X, noting that it marks a new era for the protocol. According to Zeller , the $1 million per week of AAVE token buyback will start on Wednesday after most Aave DAO members voted overwhelmingly in favor of the proposal. Over 427,000 votes were cast in support of the proposal, more than the required 320,000 votes, while only 2,000 votes were against Aavenomics buyback proposal passes. Source: Marc Zeller on X He said: “The $AAVE aavenomics AIP now has quorum. Welcome to the new era for @aave. 1m$/week buybacks financed by protocol profits starting on Wednesday.” Aave DAO buyback is experimental at first The news has been greeted with excitement in the Aave community, with one user noting that the timing could not have been better given that the prices of crypto assets have fallen. This would mean that the amount of AAVE tokens to be bought with $1 million would be higher. Over six months, Aave will spend part of its profits to buy $1 million worth of AAVE tokens weekly. Based on AAVE’s current price and buyback, the Aave DAO would have bought back 2.5% of the supply by the end of the year. Meanwhile, Zeller noted that the six months are just the pilot phase of the buyback program, as the intention is to make the buyback last forever. The Aave DAO only voted for $1 million for six months to keep the rate low initially, and the program will likely be renewed after six months. He said: “Buybacks are forever, the rate is just the one the DAO has voted for the next 6 months to start slow & at a conservative rate.” Aave remains the leading DeFi protocol with around $20 billion in total value locked (TVL) and dominating across multiple chains. AAVE plunges amidst the general market decline Despite the positive news of a token buyback for AAVE , the token fell 18% in the last 24 hours, according to CoinMarketCap. This was enough to send it crashing to $115, although it has now recovered to $121. This is contrary to what usually happens when news like this breaks. Generally, buyback is a positive indicator as it means that there will be constant buying pressure for the token, and the circulating supply will also reduce. However, general market struggles, mostly due to the international trade wars between the US and other countries, have nuked the entire crypto market in the last 24 hours, with Bitcoin crashing to $74,000; Aave has not been spared. The plunge in AAVE value continues what has been a rough year for the token, during which it lost 62.22% of its value. AAVE started 2025 trading around $308, but market uncertainties and the general struggles of the crypto market have caused the token to shed more than half of this value. In the last 30 days alone, it has fallen 34%. Nevertheless, the Aave community remains bullish. Zeller noted that the liquidation resulting from today’s market crash resulted in around $0.5 million in profits for the Aave . The Aave DAO also holds $100 million in cash, with 70% of it in stablecoins. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Global markets are in turmoil and investors are betting that the Federal Reserve will be forced to step in with aggressive rate cuts as financial stress intensifies across asset classes. Markets Fall as Investors Believe Fed Will Have to Cut Rates in 2025 Bitcoin (BTC) fell 10% on Monday to around $74,500, while U.S. stock markets are on track for their worst three-day decline in years. S&P 500 futures are down nearly 5% in a single session, bringing the total loss since last week to close to 15%. As riskier assets come under pressure, investors are increasingly pricing in a dramatic reversal by the Federal Reserve that could lead to as many as five rate cuts in 2025, futures markets show. Credit Markets Signal Fed Has No Other Choice The CME FedWatch Tool shows investors see a 61% chance of a 25 basis point rate cut at the Fed’s next meeting on May 7, which would lower the target federal funds rate to 4.25%-4.50%. Markets expect rates to fall to 3.00%-3.25% by year-end. Historically, the Fed has responded to market downturns with aggressive policy easing, including rate cuts, bond purchases and liquidity injections. Investors appear to be positioning for a similar playbook this time around as financial conditions tighten rapidly. The market's growing belief is that the Federal Reserve cannot withstand the pressure for long. Falling asset prices, rising credit stress and the need for the U.S. government to refinance suggest that policy will need to be changed sooner rather than later. We'll see if the Fed will meet these expectations at its May meeting or if markets will have to wait for further deterioration. But one thing is clear: financial markets are signaling loud and clear that the Fed's tightening cycle may already be over and the next move could be a rapid race to lower rates. *This is not investment advice. Continue Reading: As Markets Wake Up to Black Monday, Investors Believe Fed Will Step In! Will There Be a Rate Cut in May? Here Are the Details
Tether, the issuer of the widely used stablecoin USDT, is reportedly considering the development of a US-only stablecoin in response to increasing regulatory pressure. This potential move signals a significant shift in Tether’s strategy and highlights the growing influence of regulatory frameworks on the stablecoin market. Navigating the Evolving Regulatory Landscape The exploration of a … Continue reading "Tether Explores US-Only Stablecoin in Response to Regulatory Scrutiny" The post Tether Explores US-Only Stablecoin in Response to Regulatory Scrutiny appeared first on Cryptoknowmics-Crypto News and Media Platform .