Crypto Vesting

RedStone, a blockchain oracle provider, has introduced a push-based oracle on MegaETH to tackle latency issues that challenge the efficiency of onchain trading.

According to a spokesperson for RedStone, the new oracle can push new prices onchain every 2.4 milliseconds. Initially debuting on MegaETH, an Ethereum layer-2 network, the product may be rolled out to additional chains in the future.

RedStone said its oracle sources prices from centralized exchanges and delivers them directly to applications or smart contracts via nodes that operate natively on the MegaETH chain.

This “co-location” strategy minimizes latency by eliminating delays typically caused by the physical distance between servers. In the future, RedStone also plans to include price feeds from decentralized exchanges.

Oracles compatible with the Ethereum Virtual Machine (EVM) are becoming more popular. According to Alchemy, there are currently 12 decentralized oracle networks operating on Ethereum.

Oracles can make money through data usage fees, licenses,

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Crypto and equities traders were hopeful for a last-minute solution that would prevent the US from enacting 104% tariffs on Chinese goods entering the United States, but in a press conference, the White House confirmed that the tariffs would start on April 9. Markets deteriorated when Peter Navarro, trade adviser to US President Donald Trump, stated that tariffs were “not a negotiation.”

As a result, the S&P 500 index closed on April 8 with a 1.6% loss, reversing earlier gains of 4%. This downturn has left traders wondering whether Bitcoin (BTC) can regain its bullish momentum amid worsening macroeconomic conditions.

Spiraling US debt issues remain, paving the way for Bitcoin gains

Between April 2 and April 7, the S&P 500 index dropped by 14.7%, causing panic among Bitcoin holders and forcing a retest of the $75,000 level—the lowest in more than five months.

S&P 500 futures (left) vs. Bitcoin/USD

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Cboe BZX Exchange has asked United States regulators for clearance to list an exchange-traded fund (ETF) backed by Sui (SUI), the native token of the Sui Network, public filings show. 

The request submitted on April 8 must be reviewed and approved by the US Securities and Exchange Commission (SEC) before the exchange can list any shares of the fund.

If approved, the ETF — issued by asset manager Canary Capital — would be the first in the country to hold SUI. The token has a market capitalization of roughly $6.5 billion, according to CoinMarketCap.

Sui is a blockchain network designed to provide users with a more streamlined onboarding experience — similar to traditional Web3 applications. It is built using Move, a smart contract framework based on the Rust programming language. Sui has approximately $1.1 billion in total

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Bitcoin (BTC) has a new $70,000 reversal target as a leading indicator sets new bull market lows.

In X analysis on April 7, popular trader and analyst Rekt Capital predicted that BTC/USD could find its floor near old all-time highs from 2021.

History suggests $70,000 should end BTC price dip

Bitcoin can dip as low as $70,000 before recovering and still keep within historical norms, Rekt Capital says.

Considering where the current bull market correction might end up, the analyst used the relative strength index (RSI) indicator to calculate the potential BTC price downside.

“Whenever Bitcoin’s Daily RSI crashed into the sub-28 RSI levels – that wouldn’t necessarily mark out the price bottom. In fact, historically, the actual price bottom would be -0.32% to -8.44% lower than the price when the RSI first bottomed,” he explained.

“Bitcoin is currently forming its second low -2.79% below the

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With US President Donald Trump imposing 104% tariffs on Chinese imports, Beijing is responding by letting the yuan weaken against the dollar — a move that analysts say could spark the next leg of the Bitcoin bull market.

On April 8, the yuan-to-US dollar exchange rate fell to its lowest level since 2023, signaling the Chinese central bank’s readiness to let its currency fluctuate more freely. 

The US dollar-to-yuan exchange rate on April 8. Source: Bloomberg

With the trade war ratcheting up, “expectation for China to eventually devalue the currency has jumped and the pressure won’t go away easily,” Ju Wang, head of Greater China FX at BNP Paribas, told Reuters.

The yuan’s devaluation could drive the narrative of Chinese capital flight into hard assets, which includes Bitcoin (BTC), according to BitMEX founder Arthur

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Aavegotchi, a non-fungible token (NFT) protocol focused on Web3 gaming, has opted to abandon blockchain network Polygon and “go all-in” on Base, an Ethereum layer-2 scaling chain, according to the results of an onchain vote. 

On April 8, Aavegotchi’s community members voted 93.5% in favor of a proposal to “Make Aavegotchi Based Again” by deprecating the protocol’s smart contracts on Polygon and re-deploying on Base, according to Aavegochti’s governance page. 

“Given our close relationship with the Base team, as well as recent developments in the Base ecosystem […] we believe the most +EV move for Aavegotchi (for this cycle, at least) is to sunset [its Polygon deployment] and go all-in on Base,” Aavegotchi founder Dan said in a February X post proposing the shift.

The migration reflects Aavegotchi’s efforts to adapt to 2025’s cryptocurrency market downturn, which was <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-stocks-down-ipos-punted-amid-tariff-tumult" rel="" target="_self"

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Ether (ETH), the native token of Ethereum, is showing signs of bullish exhaustion after a steep 65% decline over the past three months. The pace of the downtrend and the oversold conditions shown by various ETH price metrics have investors wondering if a market bottom is approaching.

ETH fractals point to a drop to $1,000

Ether’s current price action mirrors a familiar fractal pattern seen in 2018 and 2022. In both instances, ETH price saw euphoric rallies that ended with sharp breakdowns and prolonged bear markets.

Each of these cycles shared the following key traits:

Higher price highs were accompanied by lower highs in the relative strength index, which is a classic sign of bearish divergence and weakening momentum.

ETH/USD weekly price chart. Source: TradingView

After the price peak (cycle tops in the chart above), ETH retraced heavily, often falling through key Fibonacci levels.

Cycle bottoms typically

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Bitcoin’s (BTC) price has dropped 5.6% over the past seven days, closing three daily candles below the $80,000 support for the first time since Nov. 9, 2024.

Data from Glassnode highlighted Bitcoin witnessing a 64% rise in futures volume during the same period. The analytics platform said that “this marks a reversal from the past month,” when futures volume progressively decreased.

A rise in futures volumes suggested heightened market activity, but further analysis of the broader futures market revealed a more complex outlook. Bitcoin’s open interest (OI), representing the total value of outstanding futures contracts, declined 19% over the past two weeks.

Bitcoin futures volume chart by Glassnode. Source: X.com

This reduction suggests that while trading volume is increasing, some traders are closing their positions rather than keeping them open, possibly to lock in profits or

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Bitcoin’s surprise rebound to $81,180 — which was influenced by fake news regarding a pause on US tariffs — has all but evaporated following White House confirmation that 104% tariffs on China will start on April 9.

S&P 500 drops intra-day gains follow White House tariff confirmation. Source: X / Kobeissi Letter

After dropping below the $75,000 level for the first time since Nov. 6, 2024, BTC retested a key demand zone that traders hope will provide a safe haven for the bulls.

The safe haven is a fair value gap located between $77,000 and $73,400, and this zone was created during the November 2024 Trump pump.

BTC/USD daily chart. Source: Cointelegraph/TradingView

MN Capital founder Michael van de Poppe had earlier asserted that Bitcoin needed to retest this zone “before going back upward.”

“Bitcoin attacking $80,000 is a strong sign,”

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