XRP has struggled to find sustained bullish momentum since reaching its cycle peak at $3.40 on Jan. 16, 2025. XRP (XRP) dropped as much as 46% over the past three months, but despite its recent drawdown, Glassnode data indicates that 81.6% of XRP’s current circulating supply remains in profit. While the profit supply percentage is …
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Bitwise doubles down on $200K Bitcoin price prediction amid trade tension
Institutional crypto investment firm Bitwise has doubled down on its big Bitcoin price prediction for this year despite escalating global trade tensions. “In December, Bitwise predicted that Bitcoin would end the year at $200,000. I still think that’s in play,” Bitwise chief investment officer Matt Hougan said in an April 9 blog post. He suggested …
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3 reasons why Ethereum price keeps falling
Ether’s (ETH) most recent sell-off saw it lose the crucial $1,500 support level, and a number of technical indicators suggest that ETH may witness a deeper correction before embarking on a sustained recovery. Data shows Ether’s price dropped below its realized price — an onchain metric that recalculates the market value of a cryptocurrency based …
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Magic Eden acquires crypto trading app Slingshot to move beyond NFTs
Solana non-fungible token (NFT) marketplace Magic Eden has acquired crypto trading app Slingshot as part of a strategy to expand beyond NFTs as other marketplaces fold amid a prolonged market downturn. The move expands Magic Eden’s support to more than 8 million tokens across almost every major blockchain, the firm said in an April 9 …
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SafeMoon boss cites DOJ’s nixed crypto unit in latest bid to toss suit
Braden John Karony, the CEO of crypto firm SafeMoon, has cited the US Department of Justice’s directive to no longer pursue some crypto charges in an effort to get the case against him and his firm dismissed. In an April 9 letter to New York federal court judge Eric Komitee, Karony’s attorney, Nicholas Smith, said …
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Bitcoin inflows to Binance see ‘strong acceleration’ ahead of March CPI print
Bitcoin inflows into crypto exchange Binance have surged over the past two weeks amid uncertainty over US President Donald Trump’s tariffs and the upcoming US Consumer Price Index (CPI) results, says an analyst. However, another analyst argued that while it could signal an impending sell-off, it might also indicate a bullish trend. Investors are “actively …
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Ukraine floats 23% tax on some crypto income, exemptions for stablecoins
Ukraine’s financial regulator has proposed taxing certain crypto transactions as personal income at a rate of up to 23% but excluding crypto-to-crypto transactions and stablecoins. Crypto transactions would be taxed at 18% with a 5% military levy on top as part of the proposed framework, released on April 8 by Ukraine’s National Securities and Stock …
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21Shares files for spot Dogecoin ETF in the US
Digital asset manager 21Shares has filed with the US Securities and Exchange Commission to launch a spot Dogecoin exchange-traded fund, following similar filings from rivals Bitwise and Grayscale. The 21Shares Dogecoin ETF would seek to track the price of the memecoin Dogecoin (DOGE), according to the firm’s April 9 Form S-1 registration statement. The Dogecoin …
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US Senate confirms Paul Atkins to lead SEC under Trump
The US Senate has confirmed US President Donald Trump pick Paul Atkins as chair of the Securities and Exchange Commission in a 51-45 vote, with lawmakers largely voting along party lines. His appointment comes several months after Trump named Atkins to lead the commission late last year. Atkins previously served as an SEC commissioner between …
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Ethereum Researcher Virgil Griffith released from prison
Ethereum researcher Virgil Griffith was released from prison custody on April 9, the Bureau of Prison (BOP) officials confirmed to Cointelegraph. According to crypto developer Brantly Millegan, Griffith will remain in a halfway house for several weeks while waiting to complete the next steps in his parole process. Griffith was arrested in 2019 for giving …
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