Coin overview
MOVE
Ended--
Last price (USDT)
2.87M
24h total (USDT)
4.37M
Total vol (USDT)
2024-12-05 07:00:00 ~ 2024-12-09 11:30:00
Trading time (UTC+0)
2024-12-09 13:00:00 ~ 2024-12-09 17:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
Movement Foundation to Delay Cornucopia Unlock
On April 17, it was announced that the Movement Foundation tweeted that the Cornucopia unlock will be delayed for a few days to improve the reward distribution mechanism. Funds, however, remain in a secure state at present. Details of the unlock and new incentives will be announced soon. Cornucopia aims to guide liquidity to the Movement ecosystem and DeFi applications. After users deposit relevant assets into the vault, they undergo an 8-week lock-up period. During this lock-up period, withdrawing will result in the loss of all MOVE rewards.
Is Solana About to Recover? Analyzing On-Chain MEME Whale Movement
Original Article Title: "Local Frenzy or Full Recovery? Data Analysis of Solana Chain MEME Whale Activity and Market Divergence" Original Article Author: Frank, PANews The MEME market seems to have heated up once again, starting in mid-March, with Fartcoin starting to rebound from its low, experiencing an approximately 349% increase over about a month, reaching a peak total market value of nearly 9.85 billion US dollars. At the same time, the on-chain activity of MEME whales has also attracted attention, with some whales investing millions of dollars in Fartcoin, RFC, and other MEME coins, leading to a rapid increase in related token market values. Behind these movements, on April 11, the number of active addresses on the Solana chain once again surpassed 5.1 million, nearing the peak level seen in January. The minor outbreak of this MEME market rally, is it a return of the MEME bull market or a speculative resurgence in a boring market environment? PANews conducted data analysis on the large holder addresses of several recently surging MEME coins in hopes of finding some clues. Fartcoin Analysis: Whale Entry in Mid-March, Average Cost Around $0.62 Firstly, after observing several previously high market cap tokens, PANews found that this round of MEME frenzy is not universal but rather concentrated in a few specific tokens. Most of the MEME tokens that previously had market caps over a billion (such as Trump, BONK, WIF, POPCAT) are still in a decline or bottoming phase. Among the tokens observed by PANews, except for Fartcoin, the other tokens are either new coins created in the past 1 to 2 months or tokens that have been lukewarm since their issuance. Here are several tokens observed by PANews: RFC, Fartcoin, ALCH, GOHOME, DARK, House, FAT. The token selection criterion is a market cap ranging from 10 million to over 100 million US dollars, with tokens that have experienced significant increases or rebounds in the past 1 to 3 months. Among these, RFC has seen the largest increase, with a maximum increase of 54 times in the past month. The leading token of this round is Fartcoin, which, after hitting a low on March 10, began a new upward trend. Its market cap once reached 9.48 billion US dollars, once again becoming the leader of the MEME trend. Analysis of the first-time purchase time of whales reveals that the collective entry time of whales in this round started from mid-March and continued until April 10, with whale entry maintaining an upward trend. Fartcoin Whale Entry Time Distribution In terms of cost, the initial purchases of the top 1000 whales are mostly concentrated between $0.2-$0.6 and $0.6-$0.9. Looking at the Fartcoin chart, the percentage of whales still trapped above $1 is relatively small. Overall analysis shows that the current holding whales mostly entered the market after the price low on March 12. Fartcoin Whale Holding Cost Distribution In total, the average holding cost of Fartcoin whales' initial purchases is about $0.62. Based on the current price of $0.844, these new whales have an average profit margin of about 36%. 23% of Addresses Have Cross-Asset Holdings, DARK and RFC Replay the Same Story Looking at the overall picture, by comparing the top 1000 whale holders of these tokens, it is found that 23% of whale addresses hold at least 2 or more different tokens. Among them, the most held token by whales is DARK, a token with the shortest creation time, but 116 whales hold this token repeatedly. Next, RFC has the highest number of repeat occurrences, reaching 110 times. Fartcoin has recently received high market attention and also has the highest market value among the analyzed tokens, but it has only appeared 76 times in repetitions. However, according to PANews analysis, the reason for this may be that Fartcoin's market value has already risen to a relatively high level, and many large holders have exited or switched tokens. As specific historical information of whale holdings at a particular time cannot be tracked, we currently cannot provide a definitive answer. However, from the analysis of RFC and DARK, it seems that these two tokens have a somewhat similar storyline. First of all, let's look at the candlestick chart trends of the two. Apart from the difference in creation time, the trends, including pullback patterns, tend to be similar. Furthermore, the data on whale holdings of these two tokens are also quite similar, both being above 110. In a more detailed analysis, PANews observed that there are 75 addresses simultaneously holding the DARK and RFC tokens, which is the largest number in the whale holding combinations. The next is the Fartcoin and House combination, with 35 addresses simultaneously holding these two tokens. Looking further into the timing of these addresses holding RFC and DARK simultaneously, most whale addresses initially bought these two tokens on April 13th and April 14th, respectively. From the perspective of the candlestick chart trends, April 13th was precisely the date of RFC's rapid surge, with a one-day increase of 65% and a swing of 107%. On April 14th, DARK saw a similar market movement, with a one-day increase of 80% and a swing of 218%. This significant surge one after another appears to be a coordinated pumping action. Whale First Purchase Distribution Date of RFC Whale First Purchase Distribution Date of DARK Of course, it is worth noting that the market value of RFC reached as high as $138 million, while DARK's peak market value was only $23 million. It seems that the whales behind these tokens are not the absolute dominant force in the market, or the whales' expectations for these two tokens are not the same. Therefore, it cannot be assumed that DARK will replicate RFC's market value. Additionally, tokens such as Fartcoin and House or DARK and House appear frequently in whale holdings. “Artificial Bull” Embraces MEME Culture and AI In the overall data, the total holding amount of these whale addresses with repeated holdings in these 7 tokens is approximately $100 million (excluding holdings by major exchanges such as Gate, Bitget, Raydium), accounting for 8.47% of the market value of these tokens. As of early April 16, these tokens have also experienced a certain degree of pullback. Among them, FAT has retraced by 72.51% from its peak, House has retraced by 50%, with an overall average retracement of 37.12%. Among them, only ALCH has seen a smaller retracement, which, from its nature, is the only AI-related token with practical applications. However, from a cyclical perspective, ALCH may just happen to be in a phase of market rotation without entering a selling cycle. Behind this MEME rotation surge, there seems to be some traces of an artificial MEME bull market. KOL @MasonCanoe stated on Twitter that the whale address responsible for the rise in RFC is associated with addresses that have engaged in market-making activities for previous tokens such as TRUMP, VIRTUAL, LIBRA, and is also associated with several addresses that were early stakeholders in RFC. Based on this, @MasonCanoe believes that the pump in RFC is by no means accidental and may be a signal of careful positioning by large funds. From a data perspective, MEME on Solana's blockchain does seem to be once again capturing market attention under the impetus of some whales. However, since this driving effect cannot benefit all MEME tokens, it can only be judged by tracking the real-time dynamics of these main funds. Additionally, from the classification of several tokens, tokens with cat, dog, and frog themes seem to have not occupied a significant position in the recent surge, mainly with AI and MEME culture tokens showing outstanding performance. Overall, this recent MEME craze on Solana's blockchain has not blossomed across the board but has been highly concentrated on a few specific tokens, with Fartcoin as the leader attracting a large number of new high-net-worth individuals who entered the market in mid-March. Of greater note is the fact that behind the trends of RFC and DARK, two highly similar tokens, there are numerous overlapping whale addresses holding both tokens, with their main buying times concentrated around the sharp surges on April 13 and 14, strongly implying possible coordinated actions or main fund rotation behavior. This surge seems to be not purely a result of organic market behavior but carries traces of an "artificial bull market," and whether this "artificial rain" can evolve into natural capital inflows is still to be observed. Original Article Link
Movement co-founder Rushi Manche denies rumors of resignation.
Today, Blockworks reported that Movement Co-Founder Rushi Manche has temporarily left the company, with multiple sources claiming that Rushi's personal account was once removed from the company's Slack group. In response, Rushi posted several updates on X to refute the rumors, first sharing a screenshot proving that he is still in the company's Slack group, then explaining that his absence from internal company meetings was due to attending events in Asia. Rushi also accused Blockworks of unethical false reporting.
Movement Labs Launches Investigation Into MOVE Token Market Maker Misconduct
Movement Labs and the Movement Network Foundation have launched a formal internal investigation into market maker misconduct surrounding their native token, MOVE. It follows allegations that have rocked the project’s credibility and shaken investor confidence. Movement Labs Launches Investigation into MOVE Token Manipulation The investigation, now underway with support from a third-party review, follows Binance’s recent decision to ban an unnamed market maker associated with MOVE. BeInCrypto reported the incident, citing the Binance exchange discovering the market maker had quietly dumped 66 million MOVE tokens worth approximately $38 million shortly after listing. The fallout triggered a sharp sell-off, pushing MOVE’s price below $0.30, marking new lows for the token. Movement (MOVE) Price Performance. Source: BeInCrypto Reportedly, Movement Labs issued a company-wide Slack communication on Tuesday stating that it is “conducting an internal investigation stemming from recent events.” Further, it articulated that the Movement Network Foundation has commissioned a third-party audit to explore what went wrong. “This is standard best practice to ensure full transparency and accountability,” Blockworks reported, citing a spokesperson who declined to speculate on potential outcomes or penalties. The investigation has coincided with Movement co-founder Rushi Manche’s temporary leave of absence, which sources confirmed was announced during an internal all-hands meeting on Monday. While Manche was notably absent from a recent company offsite in San Francisco, he has disputed reports of his departure. “Very much still at Movement. Missed company offsite because I was in Asia for Web3Festival,” Manche said on X, refuting claims of an extended leave. Manche also responded to speculation about his status on Slack, stating that he remains active and participates in weekly ecosystem calls. His Slack profile, which sources said was temporarily deactivated late last week, appeared to be reinstated by Monday evening. Despite the confusion, co-founder Cooper Scanlon continues to lead operational matters, assuring employees and the community that operations are normal. As MOVE’s price bleeds and community trust erodes, Movement Labs faces a crossroads. The third-party investigation may help rebuild confidence, but questions remain about internal controls, liquidity partner vetting, and the future of the MOVE ecosystem. Binance Crackdown and the Web3Port Connection While Binance did not name the entity, on-chain investigator ZachXBT pointed to possible ties to Web3Port. The firm had previously interacted with Movement Labs’ social media and community channels. This case adds to a growing list of questionable practices involving market makers in crypto, raising concerns about insider privileges, token dumping, and undisclosed conflicts of interest. BeInCrypto recently analyzed whether market makers are creating crypto chaos. The report highlighted how the lack of transparency and regulatory oversight allows some market makers to exploit their roles, often at the expense of retail investors. Moreover, Binance has recently banned other market makers over misconduct related to GPS and SHELL tokens. As it happened, one entity behind those abuses allegedly operated using shell companies, masking its involvement in multiple suspicious listings. This further reflects how widespread the issue may be.
Movement Co-Founder "Steps Down Temporarily," Foundation Launches Investigation into Market Maker Anomalies
Rushi Manche, co-founder of Movement Labs, has "temporarily stepped down" due to a project dispute. Previously, a CEX suspended its partnership with a market maker for "manipulative behavior," where the market maker dumped around 38 million USD worth of MOVE tokens, posting only a small number of buy orders. The Movement Network Foundation has launched a third-party investigation to review these "market maker anomalies." The foundation stated that it was previously unaware of the situation and has announced a buyback of 38 million USDT to replenish ecosystem liquidity.
This Week’s Best Cryptos to Hold Update Highlights Qubetics ROI Surge with Monero and Gala Price Movement
Is privacy-focused crypto finally making a comeback? Monero (XMR) just crossed the $208 mark, sending a ripple through the privacy coin scene. At the same time, community chatter around Gala is heating up again, with over 53% of participants rating it as “very bullish” despite its sub-cent price. While these names are catching headlines today, there’s another name starting to buzz in the background— Qubetics ($TICS). And no, it’s not riding the hype train; it’s laying track with serious presale numbers and working infrastructure. Qubetics has sparked real conversations for early adopters who feel burned by coins that promised interoperability and never delivered. It doesn’t just toss around blockchain buzzwords; it backs them up with plug-and-play functionality that actually means something. While Monero is leaning hard on privacy and Gala tries to regain its GameFi edge, Qubetics is building something that speaks directly to utility-hungry participants. And the best part? It’s still early. For anyone on the hunt for the best cryptos to hold, this might be that hidden shot you don’t realize you missed until it’s gone. How Qubetics Is Making Real-World Blockchain Development Actually Accessible Qubetics isn’t just another Layer 1. It’s making Web3 development look like a drag-and-drop experience—and not in a gimmicky way. Through its QubeQode IDE, Qubetics gives users pre-built components like user authentication, token management, and secure data storage, allowing businesses to build dApps without the tech headache. Whether you’re a startup founder looking to tokenize event tickets or a logistics company needing smart contract-backed asset tracking, Qubetics helps turn complex infrastructure into simple steps. What truly sets this apart is its form-based config system and code snippet library. Think about small businesses—cafes wanting to roll out loyalty tokens, artists creating NFTs, or real estate firms exploring property tokenization. They all benefit from ready-made functions they can deploy without even touching raw code. This isn’t future talk. It’s now, and it’s positioning Qubetics as one of the best cryptos to hold because it’s actually solving problems—not just talking about them. Qubetics Presale Is Heating Up — Why It’s One of the Best Cryptos to Hold Right Now At the 30th stage of its presale, Qubetics is priced at $0.1729, with over $16.1 million raised and more than 508 million $TICS tokens sold. Currently, 24,700+ holders have already jumped in. And here’s the kicker—each presale stage only lasts 7 days, and prices go up 10% every Sunday at 12 AM. That kind of momentum creates serious pressure, and it’s pushing participants to act fast. It’s not just another presale—it’s becoming one of the best cryptos to hold in 2025 because of how quickly it’s growing and how clearly the demand is showing up. Let’s talk numbers. If $TICS hits just $1 after launch, the ROI sits at 477.85%. But many are eyeing the $10–$15 range once the mainnet drops in Q2 2025. If that happens, we’re looking at ROI jumps to 5,678.61% and 8,567.92% respectively. A $100 investment at today’s price brings in 578 tokens. If those reach $15? That’s a return of $8,670.00. These are not hypothetical projections—they’re data-backed from current presale stats, and they’re turning heads across communities scouting for the best crypto presale. Monero Quietly Climbs Past $208 — Is the Privacy Coin Making a Return? Monero (XMR) just saw a steady climb, crossing $208.88 with a 0.48% gain in 24 hours, even as its market cap dipped slightly to $3.85 billion. Trading volume clocked in at $53.38 million, showing a drop of 8.78%, suggesting price action might be moving on reduced volume. With its circulating and total supply sitting at 18.44M XMR, Monero continues to hold down the fort in the privacy-first category, especially at a time when regulatory eyes are back on transaction transparency. While the broader market hesitates, Monero is proving it still has a loyal base—and that base is showing up. Despite low-profile headlines, its quiet climb and resilient market cap speak volumes. It’s not a moonshot play, but for community members valuing stability, privacy, and consistency, Monero is turning into a stronghold in the digital asset game again. Whether it can break past its next resistance remains to be seen, but today’s moves are definitely nudging attention back toward it. Gala Sentiment Turns “Very Bullish” — But Can It Recover From Sub-Cent Levels? Gala price is currently holding at $0.014758, down 0.57% over the past 24 hours, but here’s the surprising part—53.33% of users on Binance’s sentiment poll rated the project as “very bullish.” That’s not a light indicator. Out of 75 votes, only 2.67% were marked “very bearish,” with a combined 71% leaning either bullish or very bullish. And even though its short-term price graph looks relatively flat through 2025–2030, people are clearly holding onto hope for a rebound. Why is this hope still alive? It’s likely due to Gala’s strong legacy in the GameFi world, and the belief that it just needs one major catalyst—an ecosystem update, a fresh game title, or a strategic collaboration—to bounce. Sentiment alone doesn’t drive prices, but in crypto, it fuels community strength, and Gala still has that in its corner. If price action aligns with sentiment, Gala price could have serious upside potential waiting in the wings. What Do These Projects Really Tell Us About What’s Next? Each of these tokens represents a different flavor of opportunity in crypto right now. Monero is appealing to those chasing privacy and long-term consistency. Gala is a riskier play riding heavily on sentiment, but its upside remains if GameFi regains steam. And then there’s Qubetics—arguably the freshest player in this comparison, yet the one packing real-time momentum, tech that’s already being used, and a presale structure that’s rewarding early adopters fast. For those mapping out their next portfolio moves, these might just be the best cryptos to hold in different categories of purpose, risk, and potential. Don’t wait to join the best crypto presale while it’s still affordable. For More Information: Qubetics: https://qubetics.com Presale: https://buy.qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics FAQs What makes Qubetics stand out among the best cryptos to hold? Its real-time utility, live integrations, and QubeQode IDE make it functionally ahead of many early-stage projects. What is Gala price today and why is sentiment bullish? Gala price is $0.014758. Over 53% of the community marked it “very bullish” on sentiment charts, despite the dip. Is Monero still a relevant privacy coin in 2025? Yes. With its current value at $208.88 and full supply circulation, Monero remains one of the most solid privacy plays. Disclaimer: The information provided in this article is part of a sponsored post, press release, or paid content and is for promotional purposes only. Readers are encouraged to conduct their own research and exercise caution before making any decisions based on the content. Coinomedia does not endorse, guarantee, or take responsibility for the accuracy or reliability of the information, products, or services mentioned and will not be liable for any losses or damages incurred.
Potential $198M Bitcoin Whale Movement Could Trigger Market Boom: What to Anticipate
Key Points Bitcoin has traded into a key support level, potentially triggering a significant rally. A whale has opened a $198.11 million long position, but negative market sentiment could impact price growth. Bitcoin has recently hit a major support level on its trading chart, suggesting a potential for a significant rally. Despite a whale opening a $198.11 million long position, short traders in the market are resisting, which is affecting the cryptocurrency’s price. Bitcoin’s Market Movement and Historic Supply Even though Bitcoin has traded into a key support level, and despite a large position by a whale, the cryptocurrency’s market movement has remained slow, with only a 1.42% increase in the past 24 hours. Analysis reveals that while the bulls’ presence is evident, negative market sentiment is pushing against a possible rally and could affect the price. Over the past month, Bitcoin has entered a critical support zone on the chart, a level that has historically triggered significant rallies. Traders’ Activity and Market Sentiment To understand the depth and trend of market movement, the flow of liquidity into the market was studied. The Accumulation/Distribution indicator shows a gradual accumulation of Bitcoin, implying that traders are steadily buying the asset. Despite a decrease in liquidity flow, the Money Flow Index (MFI) on the chart remains bullish at 59.26, indicating that traders are capitalizing on the dip and showing optimism for the asset’s prospects. This gradual rise in Bitcoin’s price has not favoured short traders, with $56.41 million worth of short contracts having been forcefully closed, compared to $13.25 million in long positions. A study of Bitcoin’s Funding Rate confirms the tendency for a rally, with a rate of 0.0098%. Bitcoin is currently in a favourable position for a rally, but this will only materialize if broader market sentiment continues to align with current bullish indicators. Tags: Bitcoin (BTC)
MANTRA Fights Back: CEO Outlines Recovery Plan and Community Support After OM Crash
MANTRA CEO John Patrick Mullin thanked partners, investors, and Web3 community for support. The firm remains committed to long-term goals despite market turbulence and losses. Post-mortem report, OM token buyback, and supply burn planned to restore trust. After weathering one of its toughest market shocks, MANTRA is showing signs of recovery. In an X post on Tuesday, John Patrick Mullin, the CEO and co-founder of MANTRA, expressed his gratitude to his partners, investors, friends, and the Web3 community for the robust support the firm had received in 36 hours. Notably, the company had faced critical challenges in the market but succeeded due to the support. The market turbulence originated from mandatory liquidation procedures affecting major OM token holders. Many cryptocurrency traders suffered significant financial losses following an important event on an exchange platform. Mullin declared that MANTRA is dedicated to its current and future targets while facing challenges. Further, he emphasized the company’s resilience through various market cycles and plans to maintain its growth trajectory in every economic condition. Related: OM, MOVE, WAL: Top 3 Trending Coins This Week – Price Analysis Support for OM Traders Mullin acknowledged the challenges faced by the traders and expressed sincere sympathy to those affected and further instructed his team members to support users at this crucial stage and help them in mitigating the challenges. In addition to addressing traders, Mullin thanked MANTRA’s long-term investors, especially Shorooq & Laser Digital. Notably, the investors had been a major part of the firm as they had been present since its inception. Mullin praised their transparency and communication, which have been invaluable during the crisis. Plans for Market Recovery Taking the next step, Mullin stated that MANTRA’s recovery plan would include teh release of a detailed investigative report, which will address the issues and recover market confidence. The company will create both OM token buyback procedures and supply reduction programs, rebuilding user trust while establishing sustainable expansion for the token and the whole MANTRA initiative. Expressing appreciation for the MANTRA team’s extraordinary commitment and hard work, Mullin stated that working together is the key to solving present-day problems. He added that the team’s accomplishments over the past few days had reflected exceptional strength. According to Mullin, the company remains committed to clear and direct communication in its forward direction. Further, Mullin stated that his company would disclose accurate and timely information regarding the situation to the community without delay. The official updates will reach the community through validated channels. Mullin also requested users to be cautious and not to believe unverifiable information. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Movement Network Foundation investigates 'market maker abnormalities' amid alleged co-founder hiatus: Blockworks
Movement Labs co-founder Rushi Manche has reportedly taken a “temporary leave of absence” amid rising controversy around the project, according to a Blockworks report on Tuesday that cited anonymous sources. This also comes as the Movement Network Foundation reportedly launches a third-party investigation into “market maker abnormalities," potentially to look into issues raised last month by Binance, which delisted an unnamed market maker for “misconduct” involving the MOVE token on its platform. It’s unclear when Manche’s alleged hiatus began and if it is ongoing. According to Blockworks, the co-founder was not present at a company offsite last week. Additionally, his Slack account appeared to have been deactivated for several days, though it was reportedly back online by the end of the day Monday. Manche has been active on X posting about Movement, including “weekly ecosystem syncs” related to MOVE business development deals involving his co-founder Cooper Scanlon. Following Blockworks' report on Tuesday, he also posted a photo of himself speaking at a conference, allegedly taken within the past week, where he is named as a co-founder of Movement Labs. The Block has reached out to Manche and Movement Labs for comment. MOVE was down approximately 5% on the day and 10% at press time. Market maker irregularities Last month, Binance announced it had identified a market maker who allegedly dumped 66 million MOVE tokens shortly after launch and placed "little buy orders." The crypto exchange said it soon after informed Movement Labs and Movement Foundation of the irregularities — market makers are meant to trade both sides of the market — and froze millions worth of seemingly ill-gotten proceeds "for the purpose of compensating users." In a statement at the time, the foundation confirmed it had been informed of Binance’s ongoing investigation and was previously unaware of the malicious trading activity. It also announced a 38 million USDT buyback program to "purchase MOVE for long-term use and to return the USDT liquidity to the Movement ecosystem." Like its forerunners, Aptos and Sui, Movement uses the Move programming language initially designed by Meta for the now-defunct Diem stablecoin project. There has been some confusion about exactly how to describe Movement, which uses the Ethereum base layer for security, but at times has distanced itself from the Layer 2 label. The Movement team has had to deal with communications crises in the past. In January, Manche refuted concerns about potential insider trading after it came to light that the Trump-backed World Liberty Financial team purchased MOVE tokens ahead of a mainnet launch and news that the Movement team was talking to DOGE head Elon Musk about potential blockchain integrations.
Celestia launches its high-speed mamo-1 testnet with 128MB blocks
Modular blockchain Celestia has launched a new testnet, mamo-1, designed to push the network’s scalability to new extremes ahead of future mainnet upgrades. According to an Apr. 14 announcement on Celestia’s ( TIA ) blog, mamo-1 is designed to support very high data throughput, up to 128MB blocks every six seconds, or 21.33MB per second. That’s more than 16 times higher than what Celestia’s mainnet currently handles. The new testnet is meant to simulate real-world conditions for apps that need to process large amounts of data. The testnet follows a smaller prototype called Mammoth Mini, which reached 27MB/s in lab tests. But unlike that devnet, mamo-1 is open to the public and connects with Celestia’s full data availability layer, including support for light nodes and data availability sampling. It is supported by 21 validators located in Amsterdam, Paris, and Warsaw to reflect realistic network behavior. The upgrade is powered in part by a new data transfer protocol called Vacuum!, which improves how data moves across the network. Instead of flooding the network with data, nodes only send it to peers who request it. This helps reduce unnecessary traffic and makes the system faster and more efficient. Vacuum! also uses something called Validator Availability Certificates, so nodes can announce which data they’re holding. Even if full data isn’t available from a single source, Vacuum! features a new recovery method that helps validators rebuild missing parts of a block using backup data. Celestia says this technology brings them closer to a future where the network can handle 1GB blocks. Since its October 2023 mainnet launch , more than 20 rollups have deployed on Celestia, including Eclipse, Movement Labs ( MOVE ), and Dymension. Still, competition from rival data availability networks like EigenDA and Avail could challenge its lead. Even with the new testnet, Celestia’s token TIA hasn’t moved much. It’s trading at $2.52, down 30% this month and 88% below its $20.85 all-time high in February. According to an Apr. 10 Nansen report , developer interest in the platform remains quite high despite the price drop, raising conviction of future price recovery.
$600M Wave Incoming: 3 Powerful Forces That Could Send XRP Soaring in 2025
An analysis shows that whales have invested more than $572 million into XRP which indicates upcoming changes may be in the making. Ripple gained its freedom after the SEC lifted its injunction, allowing American banks to acquire XRP for their operations. The NYSE listing of XRP represents a fundamental step that advances both institutional use as well as worldwide operational capabilities. The global financial system monitors the digital asset XRP as one of its closely tracked tokens which continues advancing in the system. The cryptocurrency appears frequently in headlines because various special innovations during recent weeks indicate it may redefine its future direction through 2025. The ecosystem keeps maturing while attracting primary investors alongside retail and institutional participants because of its evolving landscape. Whale Activity Signals Unmatched Market Movement In a series of large-scale transactions recently observed, XRP whales have transferred a total of 267,857,140 XRP, estimated at $572 million. Market experts have been monitoring these substantial acquisitions because they exceed the previous month’s transaction volumes by four times. The marketplace confirms that substantial XRP amounts have been relocated repeatedly throughout multiple transfers linking major holders together. 🚨 BREAKING: 230,770,000 #XRP WORTH $414,469,278 HAVE BEEN TRANSFERRED FROM UNKNOWN WALLET TO UNKNOWN WALLET! 💵💱💴 https://t.co/8lfWnNJtJr pic.twitter.com/lsFd1KY62g — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) April 9, 2025 Market analysts see these exclusive transactions as indicators of investors positioning themselves before market worth or utility value changes. Signals from superior transactions make observers speculate about future regulatory confirmation and possible new application opportunities. Legal Clarity Marks a Groundbreaking Moment for XRP The ongoing legal developments seem to play a major role in increasing XRP’s popularity. Ripple company received a withdrawal of its injunction from the U.S. Securities and Exchange Commission (SEC). The legal development now allows U.S. banks and financial institutions to legally work with as well as buy XRP thus resolving previous legal doubts. Mr Lynch just stated in the hearing that the SEC case vs. #Ripple has been dropped to allow for innovation to grow $XRP #XRP #Crypto #SEC pic.twitter.com/v4StcLPLzw — Altcoin Hero (@Altcoin_Hero_) April 9, 2025 The ground-breaking decision has brought clear solutions to an extended legal argument that persisted for two years. The decision will probably help XRP gain more acceptance from regulated institutions according to expert legal analysts. The market expects higher assurance from institutional investors who refrained from involvement because of compliance worries. Expanding Utility and Wall Street Integration XRP continues its global utility growth through both institutional partnerships alongside infrastructure improvements along with whale accumulation activity and legal advancements. XRP presents trading operations through the New York Stock Exchange which marks an outstanding step toward broad market integration. Multiple sources demonstrate that these new institutional trading pathways might trigger huge network liquidity inflow. 🚨 NYSE APPROVES 2x $XRP ETF 🚨 XRP hits Wall Street hard. Double the exposure. The future is now. #XRP #ETF #NYSE #Crypto pic.twitter.com/7clhtaGhFO — John Squire (@TheCryptoSquire) April 7, 2025 The change establishes a connection with worldwide financial trends that foster rising use of blockchain assets for international transfers and immediate settlements and liquidity management. Present-day analysts view XRP development as a breakthrough which holds potential to restructure its market path during 2025. The Road Ahead: What It All Means XRP shows strong potential for financial growth in 2025 because whales continue to buy, clear legal statutes exist and the market has practical value. Market factors have combined to produce measurable use-case potential from speculation which indicates an industry shift. XRP shows signs of entering a new phase according to institutional players and legal indicators yet volatility continues to be a market factor
Movement: We will take a snapshot of Cornucopia tonight, distribute rewards next week and enable withdrawals
Odaily Planet Daily reports that the Movement Foundation officially announces it will take a snapshot of Cornucopia tonight. The first phase of Cornucopia is about to end, and rewards distribution and asset withdrawal will be carried out next week. The second phase of Cornucopia will start next Wednesday, in addition to Cornucopia assets, pools such as MOVE/USDC, MOVE/USDT, MOVE/WETH and MOVE/WBTC will also be incentivized.
Data: Movement TVL breaks through 100 million USD
Foresight News reports, according to DefiLlama data, Movement's total TVL has broken through 100 million US dollars, currently reported at 124.41 million US dollars.
Is Being Wordy Equal to Researching? Crypto KOL Grassroots Movement Award
The Key Opinion Leaders (KOLs) in the crypto community are perhaps the most linguistically artistic group in this industry. They can use "long-termism" to beautify a reversion to the mean curve, package "ecosystem empowerment" to explain unlocking selling pressure, and even write "referral link" as "free benefit." While retail investors are still studying the whitepaper, KOLs have already mastered the traffic cipher—gilding the sickle with rhetoric. There is no true selfless sharing here; behind every piece of jargon from KOLs lies the same implicit message: "I'm responsible for creating dreams, you're responsible for footing the bill." BlockBeats has compiled this KOL Crypto Jargon Translation Guide because in this market full of amateur actors, understanding the subtext is the key to avoiding being an extra. The previous issue covered whale dump behavior, you can refer to: "How did the whales dump in this cycle? See what mistakes you've made?" 「Alpha Call」 「Alpha Call」 is the most eye-catching catchphrase in KOLs' tweets, translated as "I've found a hidden gem project, get in quick!" However, the truth is often that the KOL has already accumulated a position at a low price and is afraid the project won't take off. So, they throw out an Alpha Call to summon fans to carry the sedan chair. If the project really takes off, everyone is happy, and the KOL can retweet to boast, "Look, how great my vision is!" If it doesn't take off? The next tweet is already on its way, anyways, the fans' memory only lasts three days. KOLs who shout Alpha Calls are like casino dealers—the louder they shout, the hotter their chips are. They're not afraid if you lose; they're just afraid you won't play. Shady Behavior: 1. The economic model is benchmarked against $DOGE but with a more aggressive burn mechanism—we've crowned the native dog a mathematician 2. The community consensus is extremely strong, with the Telegram group surpassing tens of thousands in three hours—the bots are in place; we only lack real people to fill the gaps 3. The technical team is from MIT and NASA—the founder's names are possibly Mitchell, Ian, Tony You can stay or leave, I don't care, I'll just run once I receive the coins "Bullish" is the most common term in KOL tweets, succinct and emotional. As for "bullish for the long term," it's a versatile tool for both attack and defense. If it suddenly pumps, quickly dig out old tweets: "See, I've been bullish on it for a long time!" A short-term crash is just "market sentiment fluctuation, with long-term value unchanged." A prolonged downtrend is simply "the ecosystem needs time to settle; holding is winning." The truth may be that the project team replaced the marketing and promotion costs with tokens, and as soon as the tokens arrived at the KOL's address, they were immediately converted to U. Classic Lines: 1. First Week: A short-term pullback is a healthy shakeout 2. First Month: A bear market just happens to refine the product 3. Third Month: The team is developing a new blockchain game, with a dual-track layout 4. Six Months Later: Beware of fake official websites, recognize the community-rebuilt version More Words, More Investment Research KOLs will slightly modify the promotional material provided by the project team, add some technical terms and charts, and transform it into "in-depth analysis." Whether the analysis is accurate or not is not important; as long as the lengthy content makes fans feel professional, it is sufficient. Some go even further by directly inserting content generated by ChatGPT into their tweets, without bothering to adjust the AI's bold formatting. Investigating a project is not researching it; it is "investing money to research." KOLs earn advertisement fees, while retail investors lose real money. Furthermore, KOLs use the excuse "many institutions have invested" as a get-out-of-jail-free card, which not only elevates the project's status but also whitewashes themselves— "So many people have invested, can't blame me if you lose, right?" As for which institutions invested and how much, the details are vague, but fans usually do not bother to check. Grassroots Behavior: 1. Strategic Investment—Gave away 5% of tokens in exchange for recognition 2. Ecosystem Cooperation—Invited an institutional intern to join the Telegram group 3. Institutional Matrix—The same boss registered 7 offshore companies Comparative Literature "Compared to XX, there is still XX times potential" is a valuation trick that KOLs love to use. For example, "$XXX compared to ETH, currently only a market cap of tens of millions, has a hundredfold potential!" As to why it can be compared and how to achieve a hundredfold increase, KOLs never explain, but when fans see "hundredfold," they get excited; if it rises, they believe in their foresight, if it falls, they attribute it to the market's lack of evolution. Classic Lines: 1. Throughput is 100 times that of Ethereum—The testnet has not been launched yet 2. The ecosystem fund exceeds $500 million—The token's value automatically increases after unlocking 3. Already partnered with Amazon Web Services—Used AWS servers Free Group "Trap" Some free groups established by KOLs require members to use specific exchange platform links, which is understandable. However, the "research reports" in the group files are actually Google Translate versions of whitepapers. When members question why the recommended coins have all plummeted, the administrators say, "Your understanding is lacking; even multiple layers of wealth passwords cannot catch this." Classic Buzzwords: 1. Knowledge Payment — Selling Courses + Referral Marketing 2. Limited-time Benefit — If I don't sell at this price, how will I unload my inventory 3. Exclusive Strategy — Using your fees to maintain my Porsche The essence of the Crypto Influencer (KOL) economy is "Attention Arbitrage," exchanging emotional value for traffic, traffic for money, and then using money to create more emotional value. However, this article does not intend to categorically criticize all KOLs conducting research and analysis in the crypto field. As mentioned by Yond, KOLs need to bring in traffic and new buyers, with lower fan awareness being preferable. Ideally, they should be able to shout out a ticker symbol without much fanfare to attract blind followers. Content creators also need to consider the logic, completeness, and depth of their content. Content aimed at advanced players and sophisticated users usually does not trigger significant buying pressure. The ROI from project-sponsored promotions is low, which to some extent leads to the prevalence of inferior projects over quality, resulting in an increasing market noise. Essentially, KOLs do not directly create value and positive externalities. When service providers and toll collectors become the biggest beneficiaries in the market, the entire market resembles a cancer patient with a growing tumor. The inevitable outcome is that the cancer cells will thrive as the host dwindles after being drained of nutrients. If "everyone is a KOL," then real KOLs will no longer be individuals with "a certain number of followers" but those who can consistently produce high-quality content, build deep trust, and have commercial monetization capabilities. This implies that the threshold for KOLs will rise, shifting from "quantity competition" to "quality competition." When KOLs talk about the big picture, the retail investors' wallets are shrinking. When KOLs discuss faith, the project's tokens are making an exit. When everyone is teaching you how to get rich quickly, not being the fuel itself is a victory. After all, in the crypto world, longevity is the true mark of success. Feel free to share in the comments section any grassroot behaviors exhibited by KOLs that you have witnessed.
Unprecedented Surge: Gold Price Reaches Dizzying All-Time High – Is it Time to Invest?
Hold on to your hats, folks! The financial markets are buzzing, and not just about crypto for once. Gold, yes, that shiny yellow metal your grandparents talked about, has just pulled off a stunning feat. According to the latest reports from Investing.com, the spot price of gold has surged an incredible 2.7% in a single day, hitting a record breaking all-time high of $3,168.22 per ounce. In a world increasingly obsessed with digital assets, this traditional store of value is reminding everyone why it still holds significant sway. Let’s dive into what’s fueling this gold rush and what it means for you. Why is the Gold Price Reaching an All-Time High? So, what’s behind this dramatic climb? It’s not just one factor, but a confluence of global economic and geopolitical currents that are pushing gold to these unprecedented levels. Think of it as a perfect storm brewing in the financial world, where gold is acting as the ultimate safe harbor. Here’s a breakdown of the key drivers: Geopolitical Uncertainty: The world stage is, shall we say, a bit turbulent right now. From ongoing conflicts to escalating international tensions, uncertainty is the name of the game. Historically, gold shines during times of global instability. Investors flock to it as a perceived safe haven asset, a place to park their capital when other markets look risky. When fear and uncertainty rise, so does the demand for gold. Inflationary Pressures: Remember all that talk about inflation being ‘transitory’? Well, it seems to be sticking around longer than many anticipated. As the cost of goods and services continues to rise, investors are looking for ways to protect their wealth. Gold is often seen as an inflation hedge, a way to maintain purchasing power when fiat currencies are losing value. This perception is a major catalyst for the current gold price surge. Dollar Weakness: The US dollar and gold often have an inverse relationship. When the dollar weakens, gold tends to become more attractive to investors holding other currencies, as it becomes relatively cheaper for them to buy. Recent fluctuations and a slight weakening in the dollar have contributed to the increased demand for gold, pushing its price higher. Central Bank Buying: It’s not just individual investors. Central banks around the world have also been increasing their gold reserves. This is a significant trend, signaling a broader shift towards diversification and a potential hedging strategy against currency risks. Central bank demand adds substantial buying pressure to the gold market. Investment Demand: Beyond central banks, institutional and retail investors are also piling into gold. Exchange-Traded Funds (ETFs) backed by physical gold have seen increased inflows, indicating strong investment interest. This broad-based demand is a powerful force driving the spot price upwards. Gold vs. Crypto: The Safe Haven Showdown Now, for those of us in the crypto world, the rise of gold begs the question: how does this compare to digital assets like Bitcoin? For years, Bitcoin has been touted as ‘digital gold’, a modern-day safe haven asset and inflation hedge. But recent market behavior paints a more nuanced picture. While Bitcoin and other cryptocurrencies have shown tremendous growth potential and can act as a hedge against certain types of financial instability, they are also known for their volatility. Gold, on the other hand, has a long history of stability and has proven its resilience through countless economic cycles. In times of extreme market stress, investors often revert to what they know and trust – and for many, that’s still gold. Here’s a quick comparison table: Feature Gold Cryptocurrencies (e.g., Bitcoin) Historical Performance as Safe Haven Proven track record over centuries Relatively new, still establishing track record Volatility Lower volatility Higher volatility Inflation Hedge Perception Strongly established perception Growing perception, but still debated Regulatory Landscape Well-established and regulated Evolving and often uncertain regulation Accessibility Easily accessible through various investment vehicles (ETFs, physical gold, etc.) Requires digital wallets, exchanges; accessibility varies It’s not necessarily an ‘either/or’ situation. Many investors are diversifying their portfolios by holding both gold and cryptocurrencies. Gold can provide stability and act as a ballast in turbulent times, while crypto can offer higher growth potential and diversification into a different asset class. Is Now the Right Time to Invest in Gold? With the gold price at an all-time high, you might be wondering if it’s too late to jump on the bandwagon. Financial advice is always personal and depends on your individual circumstances, but here are some points to consider: Long-Term Perspective: Gold is often viewed as a long-term investment, a store of value rather than a get-rich-quick scheme. If you are looking to diversify your portfolio and add a layer of stability, gold could still be a worthwhile consideration, even at these levels. Inflation and Uncertainty: If you believe that inflationary pressures and geopolitical uncertainties are likely to persist or even intensify, then the factors driving gold prices higher may continue to be in play. In this scenario, gold could still have room to grow. Dollar Movement: Keep an eye on the US dollar. A further weakening of the dollar could provide additional tailwinds for gold. Conversely, a strengthening dollar might put some downward pressure on gold prices. Diversification Strategy: Consider gold as part of a broader diversified investment strategy. Don’t put all your eggs in one basket, whether it’s gold, crypto, or any other asset class. Risk Tolerance: Even though gold is considered less volatile than crypto, it’s not without risk. Market sentiment can shift, and prices can fluctuate. Assess your risk tolerance and investment goals before making any decisions. The Future Outlook for Gold: Will the Surge Continue? Predicting the future of any market is always a risky business, but based on the current landscape, several factors suggest that gold may maintain its strength or even see further upside. Continued geopolitical tensions, persistent inflation, and potential economic slowdowns could all contribute to sustained demand for gold as a safe haven asset and inflation hedge. However, it’s also crucial to be aware of potential headwinds. A significant resolution of global conflicts, a sharp decrease in inflation, or a sudden strengthening of the US dollar could dampen enthusiasm for gold. As always, staying informed and monitoring market developments is key. Conclusion: Gold’s Golden Moment – A Timeless Asset in a Changing World The spot price of gold reaching an all-time high is a significant event, underscoring its enduring appeal as a store of value and a safe haven asset in times of uncertainty. Whether you’re a seasoned investor or just starting to explore the world of finance, gold’s recent surge is a powerful reminder of its relevance in a rapidly changing global landscape. While cryptocurrencies like Bitcoin offer exciting new avenues for investment, gold’s time-tested stability and its role as an inflation hedge continue to make it a crucial component of many diversified portfolios. Keep a close eye on gold – it’s a story that’s far from over. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Why Bitcoin’s 50-Week EMA Signals A Possible 30% Breakout Ahead
Bitcoin is showing signs of consolidation above the 50-week EMA indicating a potential 20% price breakout. Historical trends suggest Bitcoin could follow a pattern leading to a 40% surge in the near future. Bitcoin’s current price action mirrors previous periods before explosive upward movements of 50% or more. The latest indications from Bitcoin suggest that it has positioned itself very close to consolidating patterns hydration before possibly stretching into an extremely vast price surge. Looking at the chart within Bitcoin’s history, the price movement is more or less within the expected pattern, showing signs likely to presume; breakout seems to be immanent. By and large, over the past annual price action, Bitcoin appears destined for growth as it still further concrete base consolidation. Likely to soon account a steep rise just as history has indicated by past events when such consolidation phases emerge. ✍🏻There are always clear signs before the market makes its next big move! You’ll see it in the charts—strong consolidation and pattern formations often precede explosive price action. Right now, we’re probably still in the consolidation phase. Last year, it took 6 months to… pic.twitter.com/g3xNHVYitV — Anup Dhungana (@CryptoAnup) April 10, 2025 At this Time of Current Consolidation A New Era of Consolidation: Current Price Action of Bitcoin -this resembles consolidation phases in the past, mostly one has witnessed before it outbreaks. However, at present, on the weekly chart, it had been following a pattern indicative of consolidation before continuing to move upward. This is visible as shown across the series of price plateaus indicated in the chart. To add importance to this, the price has massively created itself- locked above that level of 50 weeks of exponential moving average (EMA). Thus the support level created indicates that the base is very strong for Bitcoin foundation, and even soon-breaking is much promising. Price Movement The 2023-2024 example corresponds to these-“up movement” patterns that follow almost the same consolidation periods but usually explode. In ancient history, these signs had been gripping when Bitcoin was ready for a significant move after quiet size in market movement. The market current phase probably goes in exactly that way; past its current levels, the price seems set to explode through resistance now. Historical Precedents Analyzing in historical actions, Bitcoin has a pattern of enormous price changes following consolidations. An example in 2023 would be that Bitcoin spent months in a small range before breaking out with a sharply upward trend. Just as in the year 2011 and 2020, Bitcoin had to undergo a similar phase before its fantastic appreciation. Such past price trends clearly show that post-stable periods of Bitcoin, such as in 2023, are dramatic bullish patterns. This too could be indicative of what precedes from the consolidation pattern witnessed in 2024-2025. Setting the stage for this event is the congruence of market conditions and past cycles such that any indication of Bitcoin’s price in the immediate future is likely to take a similar turn. As mentioned, Bitcoin needs a stronger push in its push upward because of its huge market capital. Breakout should, however, be soon possibly because the formation is persistent. Is Bitcoin Ready to Go into a Major Breakout? Analysts and traders alike watch this current consolidation stage of Bitcoin closely. Given the close resemblance to past bullish runs, there’s always a question: will Bitcoin break again? This is put to guide the coming strong price surges with Bitcoin confirming its position above key technical levels, cost-following, and the approaches of the 50-week EMA. The combo of technical indicators indicating strength and a credible history of extreme price movements sifting through this sequence now puts the speculation on whether the sort of breakout supposed to save the ship will indeed be born into the world anytime soon. The answer could, thus, recompense the market dynamics for Bitcoin over the coming months.
Berachain price recovery cut short as bears overpower bulls
Berachain surged 12% to $4.71 but fell to $3.85 as bears dominated. The Relative Strength Index (RSI), the ADX, and the MACD signal bearish momentum. Berachain Network revenue is up 180% over the past month despite the price dropping by 33% over the same period. Berachain price jumped by over 12% earlier today, hitting an intraday high of $4.71, but it has since pulled back to around $3.85 at press time on April 10, 2025. This brief rally offered a glimmer of hope for investors after a brutal 52.9% decline over the past two weeks. The token has now fallen back into a bearish channel on the 4-hour chart, unable to sustain momentum despite a broader crypto market recovery spurred by Trump’s tariff pause . Notably, bears remain firmly in control, with technical indicators warning of further downside, overshadowing the network’s impressive 450% revenue surge. Technical indicators flash warning signs Berachain’s Relative Strength Index (RSI) on the 4-hour chart recently dropped to an alarming 16.97, signaling extreme oversold conditions. While it has bounced back above the oversold region, the bullish momentum has been cut short, and it now sits at around 42, meaning bears are still in control. Berachain price chart by TradingView The Directional Movement Index (DMI) shows an ADX of 46.7, reflecting an extraordinarily strong bearish trend. Sellers maintain a chokehold with DMI readings of 50 (+DI) and 16.9 (-DI), leaving little room for bullish intervention. The MACD, despite seeing a crossover, remains below 0, underscoring persistent negative momentum. In addition, widening Bollinger Bands, now at 86% width, hint at escalating volatility that could trigger a technical bounce or a sharper drop. Berachain Network growth clashes with price woes According to data from Nansen , the Berachain ecosystem has experienced sharp growth in recent weeks. Network fee revenue surged 180% month-on-month to $69,910, while transaction volume climbed 63% during the same period. Notably, this growth came despite an 82% decline in active addresses, indicating rising engagement or larger average activity per user within the network. Berachain’s ecosystem has seen explosive growth, with network fee revenue skyrocketing 180% to $69.91k in a month, with transactions rising by 63% despite active addresses dropping by 82% over the same period. Berachain ecosystem growth by Nansen. Notably, MEV-related operations account for 34.97% of fees, while the core protocol and native DEX BEX contribute 18.64% and 17.38%, respectively. Interestingly, this surge in activity contrasts starkly with the token’s 37.9% weekly loss and 62.44% drop from its $14.99 all-time high in February. Key BERA price levels to watch amid the bearish pressure Traders eye immediate support at $3.06, with $2.71 as the last line of defense if selling intensifies. The pivot point at $3.74 remains a crucial threshold for any reversal confirmation. Also, the resistance at $4.44 and $4.78 looms as a formidable barrier to recovery. Currently, low liquidity at 58.43% amplifies the risk of sharp price swings, and traders could probably wait for an RSI divergence and volume spikes before attempting counter-trend trades.
VanEck Confirms China and Russia Settling Energy Trades in Bitcoin
Last updated: April 10, 2025 07:25 EDT As global trade tensions flare once again, the investment firm VanEck has confirmed that China and Russia are reportedly settling some of their energy trades using Bitcoin. The revelation comes amid a broader trend of de-dollarization, particularly accelerated by the Trump administration’s aggressive tariff strategies targeting China and the European Union. Russia and China are settling oil trades in BTC. I've heard first hand accounts of similar transactions with Venezuela. Full tankers are settled in BTC on the "grey" market. The U.S. Government crossed the Rubicon in 2022 by seizing Russian assets at the Federal Reserve and… pic.twitter.com/Y8OwJROw9W — Jonathan Hamel (@jhamel) April 9, 2025 Countries Moving Towards Cryptocurrencies Amid Global De-dollarization VanEck’s report , titled “Digital Assets: De-dollarization Moves Bitcoin Towards Monetary Role,” written by Matthew Sigel, places Bitcoin at the center of a rapidly shifting geopolitical and economic tension. The report argues that recent policy shifts and rising fragmentation in global trade are accelerating the need for neutral, decentralized settlement layers, and Bitcoin is becoming a candidate of choice. Bitcoin initially dipped from $85,000 to $81,000 following the April 2 announcement of new tariffs by the Trump administration. Source: Cryptonews However, it has since continued to outperform traditional indices like the Nasdaq across multiple timeframes, including the past decade. VanEck points out that while slower economic growth isn’t inherently bullish for Bitcoin, the potential dovish response by central banks, particularly the Federal Reserve, could set the stage for renewed Bitcoin strength by reintroducing liquidity into the system. But what makes this moment especially important is that adoption is no longer speculative or theoretical. China and Russia are actively settling some of their energy transactions using Bitcoin and other digital assets. Matthew Sigel, VanEck’s Head of Digital Assets Research, confirmed this, saying: “China and Russia have reportedly begun settling some energy transactions in Bitcoin and other digital assets.” And they’re not alone. Bolivia has also announced plans to import electricity using cryptocurrencies, while French energy utility EDF is exploring the feasibility of using excess electricity, currently exported to Germany, to mine Bitcoin. Bitcoin’s Role Expands Amid Dollar Weakness The timing of these developments is crucial. Just as China and Russia make the shift toward Bitcoin, the Trump administration has escalated its trade war, announcing a 125% tariff on Chinese imports. President Trump’s statement, released on Truth Social, accused China of exploiting global trade systems and promised that the era of “ripping off the USA” was over. While new tariffs on other nations were delayed by 90 days , the sharp increase against China sent a clear signal that Washington is not backing down. 🇺🇸 Global markets responded sharply after @POTUS announced a major escalation in his trade stance toward China. #Tariffs #Trump https://t.co/GDJxWUZDdg — Cryptonews.com (@cryptonews) April 9, 2025 The immediate market reaction was bullish for Bitcoin, which jumped 5.6% within an hour of the news, climbing to $81,636. However, this move spurred further global volatility. In response, China hiked tariffs on U.S. goods from 34% to 84% on April 9 . 🇷🇺 Russia is ramping up its use of Bitcoin for international trade to bypass Western sanctions. #Bitcoin #Crypto #Russia https://t.co/3HaGeP9pVx — Cryptonews.com (@cryptonews) December 25, 2024 Notably, Russia has set the precedent before now, as a report in December shows that the country has been increasingly adopting Bitcoin for foreign trades. The Broader De-Dollarization Movement VanEck’s report situates these developments within the long-term trend of de-dollarization. As Sigel notes, a weakening U.S. dollar could further entrench Bitcoin’s role as a hedge against fiat debasement and geopolitical risk. He pointed to the U.S. Dollar Index (DXY), which has dropped over 7% year-to-date and now sits at 102.5. A sustained decline in the dollar would amplify the “Bitcoin-as-hedge” narrative, especially amid rising global uncertainty. This sentiment was echoed by Rabobank’s head of forex strategy, Jane Foley, who mentioned that Trump’s policies are ironically driving the very trend they aim to suppress. “Trump threatened countries that tried to de-dollarize with extra tariffs. Ironically, his isolationist policies may drive the trend,” she told Reuters . Indeed, even before the most recent tariffs, European analysts were already predicting a pivot away from the dollar. VanEck advises investors to closely monitor indicators such as Federal Reserve policy, Treasury yields, Bitcoin exchange-traded product flows, and on-chain activity. As trade tensions continue to escalate and countries search for alternatives to the dollar-centric system, Bitcoin stands at a potential inflection point. What was once considered a speculative gamble is increasingly being adopted as a strategic tool for both trade and financial sovereignty.
Bitcoin Longs Could See Wave of Liquidation Between $73.8K-$74.4K as 'Treasury Basis Trade' Unwinds
The worst fears for risk assets, including cryptocurrencies, are coming true, and that has raised the risk of bitcoin (BTC) falling below $74,000 in a move that could shake out leveraged long bets. On Sunday, CoinDesk discussed the possibility of pronounced downside volatility in risk assets due to a potential unwinding of the Treasury market arbitrage bets, a dynamic that catalyzed the 2020 crash. Per observers, the unwinding of the so-called carry trades, involving hedge funds exploiting minor price discrepancies between Treasury futures and securities, has begun. That's evident from the nearly 70 basis points rise in the U.S. 10-year Treasury yield to 4.5%. The 30-year yield has seen a similar rise. Note that yields move in the opposite direction of prices and typically drop during risk aversion as investors seek refuge in government bonds. "It's all running vertical now with 30-year Treasury yields on the cusp of hitting the 5% mark. For some context, 10-year yields in the US were at a low of 3.88% on Monday. This points to further liquidation in Treasuries and that's a sign that we are seeing distress in the parts of the market that we should not normally talk about i.e. funding, credit, repo," ForexLive's analyst Justin Low said in a market update discussing the implosion of the basis trade. Low added that it's "all going sideways at the moment" as a sharp rise in yields itself can have a far-reaching impact on markets, housing and the economy. Stocks drop, BTC under pressure Futures tied to the S&P 500, Wall Street's benchmark equity index, fell 2% amid increased volatility in the Treasury market. Bitcoin fell briefly below $75,000 early today and has since recovered to trade near $76,000, CoinDesk data showed. The MOVE index, which represents the options-implied 30-day price turbulence in the Treasury market, jumped to 140, the highest since October 2023, according to data source TradingView. The worsening of the risk sentiment has raised the risk of BTC falling to the $73.8K-$74.4K range, where holders of bullish long positions in the perpetual futures listed on major exchanges face liquidation risks, according to data tracked by analytics firm Hyblock Capital. Liquidation represents the forced closure of positions by exchanges due to margin shortages. Large long liquidations often add to downside price volatility. "We see long liquidation clusters (where we estimate liquidations to get triggered) at 73800-74400, 69800-70000, 66100-67700. In particular, if we hit 70k, we likely go down at least $200 more, taking the retail stop losses right below 70k and the liquidation levels liquidity," Hyblock told CoinDesk. On the higher side, Hyblock identified $80,900-$81,000, $85,500-$86,700, and $89,500-$92,600 as prominent zones for potential short liquidations.
Arthur Hayes: The bond volatility MOVE index has reached 139.8, the Federal Reserve may need to ease monetary policy
News on April 9th, data shows that the bond volatility MOVE index has reached 139.8. Previous news stated that Arthur Hayes suggested if the MOVE index breaks 140, the Federal Reserve may restart easing policies.
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