Was $1.4K Ethereum’s ‘generational bottom?’ — Data sends mixed signals

Ether (ETH) price has climbed above $1,700 after 16 days of selling pressure caused by macroeconomic uncertainty and a sharp decline in onchain activity. Despite the rebound, Ether has underperformed the broader altcoin market by 23% year-to-date.

Some traders claim that ETH is set for a “generational” bull run by offering a “truly” decentralized and permissionless financial system, but is that really the case?

Source: X/0xMontBlanc

Ether was one of the few major cryptocurrencies that did not reach a new all-time high in 2025, unlike competitors such as Solana (SOL), Tron (TRX), and BNB (BNB).

Some critics argue that moving away from proof-of-work mining removed a competitive advantage that Ethereum once had over its rivals.

Ethereum fee drop signals ETH price weakness

Eventually, Ether may

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Ethereum's L2 approach equals many high-throughput chains — Avail exec

Ethereum’s focus on scaling through many layer-2 networks, each with its own transaction processing speed and parameters, potentially gives the network an unlimited number of unique high-throughput chains, according to Anurag Arjun, co-founder of Avail, a unified chain abstraction solution.

In an interview with Cointelegraph, Arjun acknowledged that Ethereum and high-throughput competitors with monolithic architecture are fundamentally different products. However, Ethereum’s choice to scale through a plethora of L2 solutions gives it an overlooked quality:

“The under-appreciated beauty of this rollup-centric roadmap architecture is that it allows multiple teams to experiment with different execution environments and different block times.”

This allows a diverse set of high-throughput sidechains to appear rather than just one singular architecture on any monolithic layer-1s, the executive added. However, without true interoperability, switching between L2s will remain as complex as bridging assets between different blockchain ecosystems altogether, Arjun warned.

An overview of Ethereum’s layer-2 ecosystem.

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Securitize, Mantle launch institutional crypto fund

Tokenization platform Securitize has partnered with decentralized finance (DeFi) protocol Mantle to launch an institutional fund designed to earn yield on a diverse basket of cryptocurrencies, the companies said. 

Similar to how a traditional index fund tracks a mix of stocks, the Mantle Index Four (MI4) Fund aims to offer investors exposure to cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Solana (SOL), as well as stablecoins tracking the US dollar, Securitize said in an April 24 announcement. 

The fund also integrates liquid staking tokens — including Mantle’s mETH, Bybit’s bbSOL, and Ethena’s USDe — in a bid to enhance returns with onchain yield, according to the announcement.

The launch comes as retail and institutions alike increase exposure to cryptocurrencies, particularly Bitcoin, as a hedge amid escalating macroeconomic uncertainty.

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Bitcoin long-term holders get $26B boost as BTC price recovers from ‘fairly normal’ 30% correction

Key Takeaways:

The Bitcoin long-term holder cohort saw a $26 billion value increase as BTC price surged to $94,900.

Short-term holders sold at a loss in early April.

Bitcoin’s 30% correction lines up with historical cycles, and BTC could find support in the $88,750 and $91,000 zone.

Bitcoin (BTC) long-term holders (LTHs) significantly increased their collective wealth in April as BTC price surged from $74,450 to $94,900. According to data from CryptoQuant, the long-term holders (LTHs) realized market cap increased from $345 billion to $371 billion between April 1 and April 23, marking a $26 billion gain.

BTC LTH realized cap drawdown chart. Source: CryptoQuant

This sharp increase in LTH realized cap signals that long-term holders are rewarded for resilience through recent drawdowns. Bitcoin experienced a 30%+ correction between January and early April, a pattern consistent with historical market cycles.

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Ex-SEC chair, now heading SDNY, offers rebuke in $12M crypto fraud case

Jay Clayton, recently appointed interim US Attorney for the Southern District of New York (SDNY) and former chair of the Securities and Exchange Commission, has begun offering statements in criminal cases involving crypto fraud.

In an April 23 notice, the US Attorney’s Office said Eugene William Austin, also known as Hugh Austin, had been sentenced to 18 years in prison following his conviction on conspiracy to commit wire fraud, conspiracy to commit money laundering, and conspiracy to commit interstate transportation of stolen property. Together with his son, Brandon, sentenced to four years, Austin offered fraudulent crypto investment services, resulting in roughly $12 million in losses to more than 24 people.

“For years, Hugh Austin was the leader of a fraud and money laundering scheme that stole more than $12 million from more than two dozen victims,” said Clayton. “Austin involved his own son in his crimes, working

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Crypto startups no longer welcome in Nvidia’s accelerator program

Nvidia’s accelerator program appears to sidestep digital assets startups, with its help section listing crypto-focused companies as ineligible to join the tech giant’s global network of founders.

According to the program website, crypto companies and four other types of businesses are excluded from participating in Nvidia’s Inception: consulting and outsourced development firms, cloud service providers, resellers and distributors, and companies that are already public.

Nvidia’s Inception membership criteria. Source: Nvidia

The move indicates a shift in Nvidia’s policy regarding crypto startups in its accelerator program. For instance, in 2018, the company accepted Ubex — a startup combining blockchain and AI for digital advertising — in its Inception program.

A Nvidia spokesperson declined to comment on the eligibility policy. The Inception Program is designed for companies younger than 10 years in all stages of funding.

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Ethereum sees record single-day inflow with 449K ETH in accumulation addresses

Key Takeaways:

Ethereum saw a record 449,000 in ETH inflows to accumulation addresses on April 22.

Active addresses rose 10%, signaling growing network engagement, but DeFi activity remains weak with declining DEX volumes.

Holders in accumulation addresses remain underwater with a realized price of $1,981.

Over the past 10 days, Ethereum inflows into accumulation addresses reached their highest levels since 2018. On April 22, a record-breaking 449,000 Ether (ETH), valued at an average price of $1,750, flowed into these addresses, marking the most significant single-day inflow in Ethereum’s history. This surge suggests that long-term holders remain optimistic about Ethereum’s future, despite recent price declines. 

Ethereum inflows into accumulation addresses. Source: CryptoQuant

However, the realized price for these accumulation addresses is $1,981, meaning these holders are currently at a loss, as the current market price is below this level. Notably, the realized price had been below Ethereum’s market price since 2018,

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SEC task force met with Trump-supporting firms to discuss crypto regulation

The US Securities and Exchange Commission (SEC) crypto task force, headed by Hester Peirce, has continued meeting with digital asset company representatives as the agency explores regulatory changes.

In an April 24 notice, the SEC task force disclosed a meeting with representatives from crypto firm Ondo Finance and the law firm Davis Polk and Wardwell to discuss “issuing and selling wrapped, tokenized versions of publicly traded US securities.” Ondo Finance donated $1 million to Donald Trump’s inauguration fund, and the law firm announced on April 22 that it would represent the US President’s social media company, Truth Social, to launch crypto-linked exchange-traded funds.

According to the meeting request, Ondo Finance planned to discuss registration requirements for tokenized securities, compliance with financial laws, and potentially launching a regulatory sandbox. Cointelegraph reached out to the firm for

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Binance rolls out Fund Accounts for asset managers, bridging crypto-TradFi gap

Cryptocurrency exchange Binance has introduced a new fund management solution designed to simplify asset management for portfolio managers, highlighting the growing sophistication of institutional tools in the digital asset space. 

On April 24, Binance launched Fund Accounts, a tool commonly used by traditional asset managers and brokerage firms to consolidate client assets and streamline portfolio management.

Binance said Fund Accounts allow portfolio managers to “consolidate externally-raised investor assets into one or multiple omnibus accounts,” which can reduce operational complexity and enable more efficient trading execution. 

Presumably, these omnibus accounts operate under a single custodian who executes trades on behalf of their clients. 

The new program is only available to eligible fund managers who must contact their Binance VIP representative for more information.

A Binance spokesperson informed Cointelegraph that fund managers and their investors must pass Know Your Customer and Know Your Business requirements and be licensed or exempted in

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Bitcoin rebounds as bulls eye $100K and bears scramble to cover short positions

Key takeaways:

Bearish Bitcoin traders were caught off guard by BTC’s rally above $90,000.

Spot volumes are driving the Bitcoin price rally.

Derivatives positions with a bearish bias remain at risk of liquidation.

Bitcoin (BTC) held above the $93,000 mark on April 24, suggesting a potential conclusion to the 52-day bear market that bottomed at $74,400. Although Bitcoin is beginning to show signs of decoupling from the stock market, professional traders have not altered their strategies, as indicated by BTC futures and margin market data.

BTC top traders’ long-to-short ratio. Source: CoinGlass

A higher long-to-short ratio reflects a preference for long (buy) positions, while a lower ratio indicates a tilt toward short (sell) contracts. Currently, the top traders’ long-to-short ratio on Binance stands at 1.5x, a notable decrease from the 2x level observed ten days earlier. At OKX, the ratio peaked near 1.1x on April 17 but has since lost

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