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Nasdaq-listed Upexi shares up 630% after $100M raise, SOL treasury

Upexi, a brand owner that specializes in supply chain management, is diversifying into the cryptocurrency sector. On April 21, the company announced a $100 million raise, with over 90% earmarked for building a Solana (SOL) treasury strategy.

After the announcement, shares of Upexi have skyrocketed from a $2.30 close on April 17 to $16.79 at this writing, marking a 632% jump for the day.

UPXI intraday performance on the Nasdaq. Source: Google Finance

Many “prominent” crypto venture capitalist firms participated in the $100 million raise, according to an announcement. Backers include the family office of Arthur Hayes, Delta Blockchain Fund, Delphi Ventures, Hivemind, Borderless, and White Star Capital, among others. The round was completed with a sale of around 44 million shares of common stock at a price of $2.28.

According to Upexi’s

Price analysis 4/21: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK

The US Dollar Index (DXY) plunged below the 98 level on April 21, falling to a three-year low. That catapulted gold to a new all-time high, and Bitcoin (BTC) also showed strength, rising above $88,000.

BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes believes it may be the “last chance” to buy Bitcoin below $100,000. Hayes expects the Federal Reserve to announce US Treasury buybacks, which will act as a “Bazooka” for Bitcoin’s price trajectory.

Daily cryptocurrency market performance. Source: Coin360

The whales seem ready for the move higher, as they have been accumulating in March and April. According to Glassnode data, the number of wallets holding more than 1,000 Bitcoin increased from 2,037 in late February to 2,107 on April 15.

Could Bitcoin bulls sustain the higher

Consensys, Solana, and Uniswap CEO donated to Trump's $239M inauguration fund

New filings from the Federal Election Commission (FEC) reveal that several cryptocurrency firms and their executives made significant contributions to US President Donald Trump’s inauguration fund after the results of the 2024 election.

According to FEC filings made public on April 20 by the Trump-Vance Inaugural Committee, Uniswap CEO Hayden Adams donated more than $245,000, Solana Labs donated $1 million, and software firm Consensys sent $100,000 in January 2025 to support the then-president-elect’s inauguration. Many major crypto firms had previously announced their support of Trump through donations to the inaugural fund, including Coinbase, Ripple Labs, Kraken, Ondo Finance, and Robinhood.

Jan. 9 contribution from Uniswap CEO Hayden Adams to Trump-Vance inauguration fund. Source: FEC

Altogether, the fund reported more than $239 million in net donations between Nov. 15 and April 20 from companies and individuals. These included

Bitcoin price tops $88.5K as BTC doubles down on stocks decoupling

Bitcoin (BTC) doubled down on its divergence from stocks at the April 21 Wall Street open as US trade war tensions escalated. BTC/USD 1-day chart. Source: Cointelegraph/TradingView

Trade war reactions fuel BTC price gains

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD matching month-to-date highs above $88,000.

Bitcoin continued higher after the weekly close to catch up with gold as the latter set fresh all-time highs of $3,430 per ounce.

XAU/USD 1-hour chart. Source: Cointelegraph/TradingView

By contrast, stock markets came under renewed selling pressure, with the S&P 500 and Nasdaq Composite Index both down over 2% at the time of writing.

Newfound BTC price strength thus appeared to end lockstep trading with equities as part of reactions to trade-war headlines.

These included warnings about the deterioration of relations with the US from both China and Japan, while US President Donald Trump <a

Unlocking the potential of dormant Bitcoin in DeFi

Opinion by: Amitej Gajjala, co-founder and CEO of KernelDAO

Bitcoin is the principal asset of the cryptocurrency world and even one of the world’s top 10 most valuable assets, recognized for its role as a store of value. Yet a huge percentage of the Bitcoin (BTC) supply remains dormant for years, meaning the crypto market only works with a fraction of the circulating supply each year.

This idle Bitcoin has an enormous amount of untapped financial potential.

Bitcoin’s principal narratives are “store of value” and “never sell.” Today’s decentralized finance (DeFi) tools, however, enable yield gain by holding Bitcoin and taking advantage of dormant Bitcoin, which just sits in investors’ wallets and does nothing.

Existing dormant Bitcoin is not being fully utilized

Dormant Bitcoin has not been used for long periods, usually one or more years. According to Glassnode, as

Bitcoiner PlanB slams ETH: ‘Centralized & premined’ shitcoin

Pseudonymous Bitcoin stock-to-flow (S2F) model creator PlanB attacked Ethereum and mocked the project’s co-founder, Vitalik Buterin.

PlanB mockingly reposted a June 2022 X post by Buterin in which the Ethereum co-founder said S2F “is really not looking good now.” PlanB responded with a new posting stating, “Ethereum is really not looking good now.”

Source: PlanB

In his response to Buterin’s criticism from years ago, PlanB claimed Ethereum and the network’s coin, Ether (ETH), are centralized and premined, pointing to its shift to proof-of-stake (PoS) and changes in its issuance rate. He said that those features “are harmful and deserve all the mockery they get,” echoing Buterin’s old comment about S2F.

PlanB’s criticism of Ethereum

In a separate X post, PlanB explained

Bitget’s $12B VOXEL frenzy fizzled fast, but questions remain

A little-known VOXEL trading pair on cryptocurrency exchange Bitget suddenly clocked over $12 billion in volume on April 20, dwarfing the metrics of the same contract on Binance.

The activity centered on VOXEL/USDT perpetual futures, where traders reported instant order fills — an anomaly many described as a bug that allowed savvy traders to rack up outsized profits by exploiting unusual price behavior.

The atypical metrics drew Bitget’s attention. In the fallout of its early investigation, the exchange suspended accounts suspected of market manipulation and rolled back irregular trades that occurred throughout the day. Traders who copped losses during that period were offered compensation.

Bitget’s response and remediation plan may have prevented lasting investor damage, but the episode is the latest in a series of cases that raise questions about how exchanges handle market makers, internal systems and user safeguards. While Bitget promotes an open API and regularly

Bitcoin longs cut $106M — Are Bitfinex BTC whales turning bearish above $86K?

Despite Bitcoin’s (BTC) price reaching its highest level in over three weeks, traders on Bitfinex reduced their leveraged long (bullish) positions on margin contracts by more than $100 million between April 17 and April 19.

This reduction has led to speculation that Bitcoin whales may be anticipating a price correction or, at the very least, are not confident in further short-term gains. Let’s look closer at whether this could be the case.

Bitfinex Bitcoin whales remain bullish

Bitcoin surged above $86,000 on April 21 after US President Donald Trump openly discussed the possibility of replacing Federal Reserve Chair Jerome Powell. Trump criticized Powell for not acting swiftly enough to ease monetary policy.

Additionally, investors are increasingly risk-off due to concerns about a recession as the global trade war escalates, particularly given the ongoing uncertainty in <a

El Salvador works with Nvidia to develop sovereign AI infrastructure

El Salvador, the first country in the world to adopt Bitcoin as legal tender, is working with the computer chip giant Nvidia to implement artificial intelligence for national development.

El Salvador signed a letter of intent to collaborate with Nvidia on “sovereign AI to drive innovation and economic growth,” the National Bitcoin Office (ONBTC) of El Salvador announced on X on April 21.

As part of the collaboration, El Salvador will benefit from Nvidia’s AI tools, resources and expertise, enabling the development of sovereign AI capabilities targeting priorities related to culture, language, environment and economy.

“El Salvador will focus on building domestic AI infrastructure, upskilling the workforce, and creating solutions to address local challenges such as improving healthcare delivery, advancing education, and boosting economic productivity,” the announcement said.

AI training for state officials and developers

El Salvador’s latest collaboration with Nvidia marks the country’s commitment to encouraging AI usage to

CZ receives fake ‘Grok’ coins amid new wave of Elon Musk scam tokens

Scammers are once again capitalizing on the popularity of Elon Musk’s artificial intelligence chatbot Grok, with fake tokens again emerging as part of potential phishing attacks.

A wallet linked to former Binance CEO Changpeng “CZ” Zhao received 90 million fake Grok (GROK) tokens on April 21, according to blockchain security firm PeckShield.

The tokens are “likely a scam,” since the “deployer distributed it to multiple addresses via multisend,” PeckShield said.

Source: PeckShieldAlert

The X platform’s Grok AI chatbot has no official cryptocurrency and no plans to launch one in the future.

Fake Grok-related tokens first emerged in 2023 when a scammer deployed an ERC-20 Grok token on Ethereum, which led to an over 90% drop after the deployer sold 0.5% of the total supply,