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  • Panama City approves use of crypto for public services

    Panama City approves use of crypto for public services

    • Local law allows payment for taxes, tickets, and permits.
    • City partners with banks to convert crypto to fiat.
    • Panama bypasses national legislation through local ordinance.

    Panama City is set to become one of the first Latin American capitals to formally integrate crypto payments into its municipal system, allowing residents to pay for public services in Bitcoin, Ethereum, and stablecoins.

    This move, driven by the city’s administration and not national legislation, marks a notable shift in how governments are embracing digital assets.

    Panama City Mayor Mayer Mizrachi confirmed the development via a post on X (formerly Twitter) on Wednesday.

    He stated that locals will be allowed to settle payments for taxes, permits, traffic tickets, and other municipal fees using cryptocurrencies such as Bitcoin, Ethereum, USDC, and Tether (USDT).

    This step was made possible through a council-approved proposal and will be implemented in collaboration with banks that can receive and convert crypto to fiat currency.

    Crypto rollout starts with top tokens

    The new law gives local residents the option to use select cryptocurrencies instead of fiat money to meet their obligations to city hall.

    The digital assets initially accepted include Bitcoin, Ethereum, USDC, and USDT, which have become widely adopted across both retail and institutional ecosystems.

    Unlike previous efforts that attempted to implement crypto usage through national-level legislation, Panama City’s government found a way to bypass this hurdle by focusing on local regulation.

    Mizrachi explained that earlier governments tried to push similar measures through Panama’s senate, but his administration opted for a simpler legal workaround that avoided introducing entirely new laws.

    So far, there has been no official confirmation on whether other cryptocurrencies will be accepted in the future. A city representative did not immediately respond to media enquiries about the possible expansion of the asset list.

    Banks to handle conversion

    In order to operationalise this system, the city will rely on partnerships with banks that are technically capable of receiving digital assets and converting them to fiat.

    This model allows Panama City to remain in line with national financial regulations while also giving residents the freedom to transact in crypto.

    By allowing local banks to act as intermediaries, the city is aiming to balance innovation with compliance. The measure is expected to support wider crypto adoption in Panama without putting pressure on the central government to introduce sweeping policy changes.

    Global crypto adoption grows

    Panama City’s move reflects a broader shift across the region and beyond as governments begin to accommodate digital asset payments.

    In 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender, followed by the Central African Republic the following year. Other countries such as Fiji and Tonga have also considered recognising Bitcoin as an official currency.

    In Switzerland, municipalities like Zug and Lugano have already enabled payments for local services using cryptocurrencies. Zug has earned the nickname “Crypto Valley” for its openness to blockchain technology and favourable regulatory environment.

    Panama, by contrast, has had a mixed relationship with crypto. In 2022, Panamanian President Laurentino Cortizo partially vetoed a bill that aimed to regulate cryptocurrencies and legalise decentralised autonomous organisations (DAOs).

    At the time, the president cited concerns that the bill was not fully aligned with existing financial system norms.

    Despite this national-level setback, Panama City’s latest move highlights how local governments can still proceed with adoption in specific areas such as public service payments.

    National tensions remain

    While Panama City is still in the early stages of implementation, its approach could serve as a model for other urban centres looking to embrace crypto without overhauling national law.

    By partnering with compliant financial institutions, the city hopes to provide a secure and legally sound way for citizens to use their digital assets in everyday transactions.

    Whether this local strategy can scale remains to be seen. But it underscores the growing influence of cryptocurrencies in mainstream economic infrastructure—not just as speculative assets, but as tools for public finance.

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  • Bitcoin price prediction: analyst predicts BTC will hit $137k by Q3

    Bitcoin price prediction: analyst predicts BTC will hit $137k by Q3

    Bitcoin price prediction: analyst predicts BTC will hit $137k by Q3

    • Bitcoin (BTC) has rebounded above $85,000, with a predicted rise to $137,000 by Q3 2025.
    • US Treasury’s $500B liquidity boost and ETF inflows drive the bullish Bitcoin price prediction.
    • However, risks like US debt ceiling talks and failure of the coin to break $85,000 resistance could push the BTC price lower.

    Bitcoin’s price trajectory over the past few days has captured the crypto community’s attention as it stabilizes above $85,000 after a recent dip below $80,000 following US President Donald Trump’s Liberation Day tariffs.

    Analyst Titan of Crypto has forecasted that Bitcoin (BTC) could soar to $137,000 by the third quarter of 2025, igniting excitement among cryptocurrency enthusiasts.

    This ambitious prediction hinges on a blend of technical indicators and macroeconomic trends currently shaping the market.

    Why Bitcoin (BTC) price could hit $137,000

    One of the factors behind Titan’s Bitcoin price prediction is the massive US Treasury liquidity injections.

    The US Treasury has injected $500 billion into the markets since February 2025, reducing its Treasury General Account from $842 billion to $342 billion, significantly boosting liquidity in the markets.

    This move elevated the net Federal Reserve liquidity to $6.3 trillion, with forecasts suggesting it could climb to $6.6 trillion by August if debt ceiling negotiations persist.

    According to historical trends, BTC has exhibited an 83% correlation with global liquidity over the past year, often outperforming traditional assets like stocks and gold.

    For example, past liquidity surges in 2022 and 2023 preceded notable Bitcoin rallies, hinting that the current environment could pave the way for another upward surge.

    On the technical front, Titan of Crypto points to a bullish pennant pattern on Bitcoin’s daily chart, suggesting a potential 60% rally to $137,000 if it breaks the 200-day EMA near $90,000.

    Bitcoin has struggled to overcome this resistance around $85,000 since late February, but a decisive close above it could shift momentum firmly in favour of the bulls.

    Adding to the optimism, Bernstein analysts had predicted that over $70 billion in Bitcoin ETF inflows in 2025 could push prices as high as $200,000, reflecting growing institutional adoption.

    The April 2024 halving, which slashed mining rewards to 3.125 BTC, further supports this narrative, as previous halvings have triggered bull runs exceeding 600% gains.

    Beyond technicals, macroeconomic factors like recent tariff exemptions have lowered US Treasury yields, easing pressure on risk assets and creating a fertile ground for Bitcoin’s growth.

    Market sentiment also leans bullish, with buy-side liquidity on exchanges like Binance outpacing sell-side by a factor of 10, while large investors shift BTC to cold storage, signaling long-term confidence.

    The risks to Bitcoin’s climb

    However, risks loom on the horizon, as an early US debt ceiling resolution could cap liquidity at $6.3 trillion, potentially stunting Bitcoin’s ascent.

    Renewed trade war fears or geopolitical tensions could also drive investors toward gold, leaving Bitcoin vulnerable to a shift in safe-haven preferences.

    Technically, failure to breach the 200-day EMA could trap Bitcoin below $85,000, risking a drop to supports at $78,000 or $74,500.

    Despite these challenges, the broader 2025 outlook remains bright, with price targets ranging from $137,000 to $250,000, fueled by ETF inflows, corporate uptake, and post-halving dynamics.

    Companies like Semler Scientific, planning to raise $500 million to buy more BTC, exemplify the rising corporate embrace of Bitcoin as a treasury asset.

    Meanwhile, potential US-China trade talks could further enhance risk-on sentiment, benefiting speculative assets like Bitcoin if tensions ease.

    In the mining sector, increased selling by miners due to lower profitability, evidenced by 15,000 BTC outflows on April 7 when prices hit $74,000 according to the weekly CryptoQuant’s report, presents a short-term hurdle.

    Bitcoin miner CleanSpark on Tuesday announced it has secured a $200 million Bitcoin-backed credit facility from Coinbase Prime, shifting away from its previous 100% Bitcoin HODL strategy.

    The company will now begin selling part of its monthly BTC production to support growth and fund operations.

    However, the robust demand from institutional and retail investors appears poised to absorb this supply, maintaining upward pressure on prices.

    Ultimately, Titan of Crypto’s $137,000 Bitcoin price prediction by Q3 2025 rests on a compelling mix of liquidity trends, technical potential, and institutional momentum, offering a plausible glimpse into Bitcoin’s near-term future.

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  • Status (SNT) price up after 35% dev activity rise

    Status (SNT) price up after 35% dev activity rise

    • Status (SNT) price jumpd 38% in the past 24 hours.
    • Gains see the altcoin rank among best gainers today.
    • SNT broke to near $0.030 amid network growth, though potential for profit taking is high.

    Status (SNT), the utility token powering the Status Network, has seen a remarkable price surge.

    According to data from CoinMarketCap, SNT price is up 38% in the past 24 hours and over 60% in the past week. Its performance has overshadowed the plummeting MANTRA.

    Having broken above resistance at $0.023, Status price jumped to near $0.030 before paring some of the gains.

    Despite this, SNT ranks among the top gainers in the top 500 coins by market cap, behind Ardor (ARDR) and Fuel Network (FUEL). The altcoin traded around $0.028 with the daily volume spiking more than 1,200% to suggest massive market activity.

    SNT development activity on the rise

    Status has been making waves in the blockchain space, as evidenced by a 35% growth in development activity, a metric verified by Chain Broker.

    According to the analyst, Status ranked among the top 10 projects for development activity growth in the past month. Its overall activity measure of +35% put SNT alongside heavyweights like Cosmos, and Solana.

    The project’s consistent focus on its mission—delivering private messaging, crypto freedom, and true decentralization—has kept its development efforts robust. A recent update from the official Status account emphasized this commitment.

    Status is a project dedicated to enhancing an open-source messaging platform and mobile interface for Ethereum-based decentralized applications, likely contributing to its recent price momentum.

    Status price forecast: What next for SNT?

    Traders might want to watch the broader market for overall sentiment, with Bitcoin futures suggesting a weakness as China reportedly sells its seized crypto.

    If there’s a sharp retracement, wavering on the part of bulls will impact the rest of the market.

    The crypto fear & greed index also points to caution.

    Technical indicators provide an outlook for SNT’s price trajectory.

    On the daily chart, the Relative Strength Index (RSI) stands at 61 and upslopping, signaling a potential flip into overbought territory.

    Similarly, the Moving Average Convergence Divergence (MACD) reflects bullish momentum. The signal line is above the 50-period mark, while the positive histogram adds to this picture.

    However, the recent 9.65% price increase could signal a potential reversal if bullish momentum builds.

    SNT chart by TradingView

    Derivatives data from CoinGlass highlights market dynamics, showing fluctuations in futures volume and open interest for SNT.

    OI up 89% to over $7.4 million and rising trading activity in futures suggests growing speculative interest. This could amplify price volatility, with a jump in open interest continuing in the short term.

    In this case buyers could push SNT price to $0.05. However, the market continues to seesaw and SNT’s price may have to rely on support near $0.018.

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  • Semler Scientific loses $41.8M on Bitcoin in Q1 2025

    Semler Scientific loses $41.8M on Bitcoin in Q1 2025

    Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    • Company held 3,182 BTC worth $263.5 million.
    • Corporate BTC holdings rose 16.1% to 688,000 BTC.
    • Semler plans a $500 million securities offering.

    Semler Scientific has reported a $41.8 million unrealised loss on its Bitcoin holdings in the first quarter of 2025, underscoring the risks of crypto exposure among corporates.

    The healthcare technology firm disclosed the loss in an April 15 filing with the US Securities and Exchange Commission (SEC), citing a decline in the fair value of its Bitcoin portfolio between 31 December and 31 March.

    Bitcoin drops 12% in Q1

    Bitcoin’s price declined by 12% during the quarter, falling from $93,500 to $82,350. That drop led to a sharp markdown in Semler’s crypto holdings, which stood at 3,182 BTC, valued at $263.5 million as of March 31.

    The situation worsened in early April, with Bitcoin sliding below $75,000—a 32% correction from its all-time high.

    Despite this, the company has not altered its crypto strategy. CEO Doug Murphy-Chutorian had earlier noted Semler’s dual focus on healthcare innovation and Bitcoin acquisition, a stance that remains unchanged in light of the recent downturn.

    Corporate Bitcoin holdings rise 16%

    While Semler faced paper losses, public companies overall expanded their Bitcoin exposure.

    Data from Bitwise shows that listed firms added 95,431 BTC in Q1 2025—a 16.1% increase from the previous quarter.

    By March-end, these holdings totalled 688,000 BTC, with a combined valuation of $56.7 billion based on the quarter’s closing price of $82,445 per Bitcoin.

    According to blockchain tracker Bitbo, Semler is now the twelfth-largest corporate holder of Bitcoin, surpassing companies such as Boyaa Interactive.

    The trend highlights sustained institutional demand, even amid market volatility.

    Revenue and legal settlement update

    Semler’s quarterly revenue was estimated between $8.8 million and $8.9 million, with operating losses projected between $1.3 million and $1.5 million.

    The company also reported $10 million in cash and equivalents as of March 31.

    Along with this, Semler disclosed a preliminary agreement to settle a civil investigation by the Department of Justice for close to $30 million. The filing did not specify the nature of the probe.

    $500M securities offering planned

    Semler also filed plans to raise up to $500 million through securities offerings, with part of the proceeds potentially going towards further Bitcoin acquisitions.

    The company stated it may offer and sell securities “from time to time… up to an aggregate value of $500,000,000.”

    Shares of Semler, listed on Nasdaq under the ticker SMLR, are down 36% so far in 2025.

    The company acknowledged recent price swings and warned of continued volatility ahead, although it has not indicated any change to its digital asset strategy.

    At the same time, interest in Bitcoin at the policy level continues to build in the US.

    Data from Bitcoin Law indicates that 47 Bitcoin-related bills have been introduced across 26 states, with 41 still active.

    On April 5, Kentucky became the latest to adopt digital asset protections with the passage of House Bill 701—the “Bitcoin Rights” law—under Governor Andy Beshear.

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  • Altcoin market cap drops 41% amid crypto winter fears

    Altcoin market cap drops 41% amid crypto winter fears

    • Bitcoin and COIN50 fall below 200-day moving averages.
    • Venture capital remains 60% below 2021 levels despite mild rebound.
    • Market may stabilise between mid and late Q2 2025, says Coinbase.

    The risk of a renewed crypto winter is rising, Coinbase Research warned this week, as key technical and macroeconomic indicators suggest the digital asset market may be entering another prolonged downturn.

    In a note published yesterday, Coinbase said Bitcoin has slipped below its 200-day moving average—a level widely seen as a bearish signal.

    The COIN50 index, which tracks the top non-Bitcoin assets on the platform, has also fallen beneath its long-term support.

    Adding to the market stress are surging global tariffs and prolonged fiscal tightening, both of which are weighing on investor sentiment and curbing inflows into crypto.

    The situation echoes the 2022 crash, when over $2 trillion in market value was wiped out within 18 months.

    Altcoins have been hit the hardest. Excluding Bitcoin, the total crypto market cap has dropped 41% since its December 2024 peak, falling to $950 billion.

    That figure is lower than any level recorded between August 2021 and April 2022, a time when market turbulence was already high.

    Altcoins fall 41%

    According to Coinbase, the sustained drawdown in altcoins highlights the weakening appetite for riskier crypto investments.

    Tokens outside the Bitcoin ecosystem have seen sharp sell-offs amid thin liquidity and a lack of new capital.

    The COIN50 index now trades well below its 200-day average, signalling broad technical weakness across the sector.

    Retail interest has also declined, while institutional flows remain limited. This suggests that the bullish momentum seen in late 2024 has largely dissipated.

    Many smaller projects are underperforming, particularly those in niche segments such as decentralised AI, Web3 gaming, and tokenised real-world assets.

    Funding stays low

    Coinbase’s report also points to stagnation in venture capital. Although investment volumes have picked up modestly since late 2024, they remain 50% to 60% below the highs recorded during the 2021–2022 cycle.

    This has left many early-stage startups without the runway to scale, pushing some to pause development or downsize operations.

    The absence of fresh capital has slowed innovation across key verticals.

    Many in the industry had expected decentralised finance, metaverse applications, and crypto crowdfunding models to lead the next bull cycle. Instead, these areas have stalled.

    Macro weighs on sentiment

    Coinbase cited external economic pressures as a major reason for the recent slump.

    Tighter monetary policy, high interest rates, and the escalation of global tariffs have all eroded investor confidence.

    David Duong, head of institutional research, said the investment environment has become “paralysed” as both traditional and crypto markets face liquidity stress.

    These macro headwinds have discouraged speculation and limited the flow of capital into digital assets.

    Traders have pulled back, focusing instead on safe-haven assets as geopolitical risk and inflation remain elevated.

    Recovery may follow

    Despite the gloom, Coinbase believes the market may find a bottom between mid and late Q2 of 2025.

    A stabilisation in macro conditions—particularly a slowdown in inflation or an easing of interest rates—could help revive capital flows.

    Coinbase warns of a potential crypto winter as altcoins drop 41% and Bitcoin breaks key support. Market cap falls to $950b, mirroring 2022’s downturn.

    According to Duong, sentiment may reset quickly once market stress subsides, opening the door to a recovery in the second half of the year.

    The report stops short of making bullish predictions but says tactical positioning may be useful in the current environment. Analysts suggest keeping a close eye on liquidity trends and macro data as potential signals of a shift in momentum.

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  • PI coin price drops 10% to key level despite major network news

    PI coin price drops 10% to key level despite major network news

    • Pi Network price has dropped nearly 10% in the past 24 hours.
    • Traders are likely to watch the $0.65-$0.75 range for signs of a breakout or further weakness.
    • Pi Network’s focus on real-world adoption positions it for long-term growth.

    Pi Network’s native token, PI, has experienced a sharp decline over the past 24 hours, falling to a critical support level despite significant ecosystem developments.

    The price drop comes as major cryptocurrencies struggle to hold onto gains.

    In the past 24 hours, PI price has dropped nearly 10% and cut weekly upside to about 14%, with the altcoin hovering near $0.66.

    Despite the expansion of the Pi Ad Network to all ecosystem dApps, Pi Network’s price is under short-term bearish sentiment.

    Tron and Cardano have also struggled, but what does this mean for the PI token?

    Key Pi Network developments

    In the past few days, Pi Network has posted notable network developments.

    It includes a major Chainlink integration that marks a pivotal step for the cryptocurrency, which brings real-time, accurate data for decentralized applications.

    For dApps, the collaboration means fresh potential for DeFi applications, prediction markets, and blockchain games, all of which could drive PI demand.

    It’s the same outlook for DeFi protocols such as lending or staking platforms.

    Meanwhile, the Pi Ad Network’s expansion to all ecosystem dApps introduces a new revenue stream for developers.

    Advertisers must purchase PI to fund campaigns, while developers earn PI through user engagement.

    Initially piloted with five apps in 2024, the Ad Network’s full rollout is expected to accelerate app development and token utility.

    However, these fundamentals aside, PI’s price action reflects market hesitation.

    PI price prediction

    Since hitting highs near $3 in February, PI has been on a steady decline.

    The token has shed significant value, with the current level about 77% of the all-time high.

    A look at the four-hour chart reveals a symmetrical triangle pattern, a technical setup often signaling consolidation before a breakout.

    Notably, this can go in either direction, and it’s downward for PI.

    Pi Network chart by TradingView

    The symmetrical triangle breakdown suggests sellers are capitalizing on uncertainty, possibly due to broader market conditions or profit-taking after earlier gains.

    It’s what likely has bears in control, a scenario that could push PI price below key levels.

    As can be seen above, the token is now testing support near $0.65. Other than the symmetrical triangle pattern, the relative strength index and the moving average convergence divergence give sellers an upper hand. The MACD indicates a recent bearish crossover, shifting short-term sentiment after a rejection around $0.75.

    If bulls fail to hold above $0.65, PI could slide toward $0.50.

    However, if bullish momentum builds, PI could break above $0.8 and rally toward $1.20 in the near term.

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  • How high can XCN go?

    How high can XCN go?

    onyxcoin, XCN

    • XCN’s recent price action is nothing short of remarkable.
    • Over the past seven days, Onyxcoin has skyrocketed by more than 150%.
    • Its market cap has more than doubled, now sitting at around $700 million.

    Onyxcoin (XCN) is making headlines once again after an explosive rally, surging over 60% in the past 24 hours.

    The altcoin has officially cracked the top 100 cryptocurrencies by market cap, signaling renewed investor interest and strong bullish momentum.

    As XCN gains traction, many traders are now wondering: how high can it go?

    Massive weekly gains fuel XCN hype

    XCN’s recent price action is nothing short of remarkable.

    Over the past seven days, Onyxcoin has skyrocketed by more than 150%, with the majority of those gains occurring within the last 48 hours.

    Its market cap has more than doubled, now sitting at around $700 million.

    XCN price chart by CoinMarketCap

    Such rapid growth reflects a major shift in sentiment, especially after former President Donald Trump announced a temporary pause on tariffs for most countries, easing broader economic uncertainty.

    Notably, XCN’s trading volume has exploded. Daily volume has tripled in just three days, marking a 200% increase.

    Over the past week, trading activity has surged by an impressive 1,200%, pushing Onyxcoin ahead of bigger names like Avalanche (AVAX) in terms of trading interest.

    This dramatic rise in volume is often seen as a key indicator of strong market support.

    XCN price prediction: what’s next?

    Given its current momentum, analysts believe XCN could test higher resistance levels if bullish conditions continue.

    Given its current momentum, analysts believe XCN could attempt to retest higher resistance zones.

    If buying pressure holds, XCN could aim for a short-term target between $0.025 and $0.030, depending on broader market trends.

    However, if profit-taking kicks in, a healthy correction could bring the price back toward key support around $0.018 to $0.020.

    On a longer timeframe, if Onyxcoin maintains its active trading volume and positive market sentiment, there’s potential for the token to revisit previous highs set before broader crypto market turbulence.

    However, traders should keep a close eye on Bitcoin (BTC) and Ethereum (ETH) price trends, as XCN’s performance could remain sensitive to movements in major assets.

    Invest with caution

    While the recent rally is exciting, it’s essential to remember that cryptocurrency investments carry significant risk.

    Prices can be extremely volatile, and while XCN shows strong upside potential, sudden reversals are always possible.

    Always do your research (DYOR) and consider consulting a financial advisor before making any investment decisions.

    Onyxcoin’s breakout highlights how fast market dynamics can shift in the altcoin world.

    With surging volume, a rebounding market environment, and growing investor attention, XCN looks poised for more action.

    However, staying informed and cautious is key to navigating the unpredictable crypto landscape.

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  • Grayscale expands altcoin list to 40 in April, adds Dogecoin, and PYTH trusts

    Grayscale expands altcoin list to 40 in April, adds Dogecoin, and PYTH trusts

    • Kaspa, THORChain, Starknet, and Worldcoin were removed.
    • 9 new unclassified projects include Babylon and Berachain.
    • The asset list may change intra-quarter with fund rebalances.

    Grayscale Investments has expanded its “Assets Under Consideration” list to 40 cryptocurrencies as of April 10, 2025.

    This marks a shift from its January list, which featured 39 tokens, and continues the asset manager’s quarterly strategy of reviewing potential future products.

    Alongside the expansion, Grayscale has formally launched single-asset trusts for Dogecoin (DOGE) and Pyth Network (PYTH), spotlighting the assets now making the leap from consideration to active investment vehicles.

    The revised list also includes new entrants like VeChain and Plume while removing tokens such as Kaspa, Starknet, and THORChain across various sectors.

    Dogecoin and PYTH enter trust products

    Dogecoin and PYTH were both upgraded from Grayscale’s consideration list to formal trust products in early 2025.

    The Grayscale Dogecoin Trust launched on January 31, followed by the Pyth Trust on February 18.

    Dogecoin continues to be one of the most actively traded meme coins, while PYTH’s growth reflects increasing demand for on-chain oracle services.

    Their addition follows Grayscale’s broader aim to diversify its offerings beyond Bitcoin and Ethereum-focused products.

    Removals across key sectors

    This quarter’s update saw multiple removals that indicate a narrowing of focus across Grayscale’s asset categories.

    Kaspa was removed from the currencies section, which now includes no assets. Sei, Sonic, and Starknet were cut from smart contract platforms.

    THORChain and Injective Protocol were dropped from financials, while Ai16z and Virtuals Protocol were removed from consumer and culture.

    Grayscale also eliminated Flock.io, Hyperbolic, and Worldcoin from its utilities and services.

    These changes reflect a redefined view of which assets Grayscale considers relevant to long-term product development.

    New additions include VeChain and Plume

    Several tokens have been added across sectors in this update.

    VeChain has been included in the smart contract platforms category, potentially due to its continued push into enterprise use cases.

    In financials, Plume Network and SYRUP have been added, while Aixbt by Virtuals has joined consumer and culture.

    Geodnet (GEOD) now appears under utilities and services, and IP has been reclassified from utilities to consumer and culture.

    In addition to reclassifications, nine new projects have been added that remain uncategorised under the Grayscale crypto sectors framework.

    These include Babylon, Berachain, Monad, Movement, Lombard, Mantra, Eliza, DeepBook, and Walrus.

    Projects like Prime Intellect, Sentient, and Space and Time, which appeared in the January list, remain present.

    Strategy shift in evaluation

    Compared with the 35 assets listed in October 2024, the increase to 40 in April 2025 reflects Grayscale’s ongoing effort to monitor the evolving crypto market.

    The firm has reiterated that this list may be updated as frequently as 15 days after quarter-end and is subject to intra-quarter changes, especially when multi-asset products are rebalanced or new single-asset trusts are launched.

    The current update, published on April 10, 2025, is part of Grayscale’s broader approach to regularly assess token viability, market demand, and regulatory alignment.

    The additions of VeChain and SYRUP, alongside the removals of Starknet and Worldcoin, signal a shift in focus toward tokens with clearer institutional relevance or growing retail traction.

    While inclusion in the list does not guarantee the launch of a trust, market watchers will likely monitor these assets closely for future product announcements.

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  • XCN defies Bitcoin and Ethereum slump with 97% spike

    XCN defies Bitcoin and Ethereum slump with 97% spike

    • Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure.
    • The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier.
    • Tariffs and other market conditions weigh on investor sentiment.

    Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins with an impressive 97% over the past 24 hours.

    In a price rally that put it on top of the daily gainers’ list, XCN shot up to an intraday high of $0.017.

    The performance bucks the downward pressure that has seen Bitcoin (BTC) and Ethereum (ETH) pare gains from a day ago with dips below $80k and $1.5k, respectively.

    XCN price performance

    The XCN token’s standout performance sees it outpace Flare, Kaspas, and Walrus, among other notable gainers.

    According to data from CoinMarketCap, XCN is currently trading at $0.017, with its volume up 1,230%.

    XCN chart by CoinMarketCap

    The token’s market, though tiny at $531 million, is up 97% and puts Onyxcoin in the top 100 by market cap.

    XCN has flipped Floki and CORE, which currently rank 100th and 99th by market cap, respectively.

    Onyxcoin’s massive spike comes despite a broader risk market downturn in the past 24 hours.

    BTC, ETH, and other coins’ dip has seen the global cryptocurrency market cap drop by 3.9% to $2.52 trillion.

    Volume is down 20% to about $127 billion as crypto mirrors losses on Wall Street.

    Overall market outlook

    Crypto and the stock market rose sharply on Wednesday after US President Donald Trump changed his tariffs stance.

    His announcement of a 90-day pause sent risk assets skyrocketing, with Bitcoin’s price breaking to above $82k.

    S&P 500 and the Dow Jones Industrial jumped, rising by historic single-day gains.

    However, the S&P 500 and Dow opened lower on Thursday and looked to close lower with 3.2% and 2.4 %, respectively.

    Dow was down more than 900 points.

    On Thursday, Trump announced an additional 25% tariff on China, bringing this to 145%.

    After excluding it from the 90-day pause, analysts say the trade war will continue to hurt optimism.

    This looks to be the case as stocks sold off despite the latest inflation report that showed CPI dropped to 2.4% against an expected 2.6%.

    While this sees many turn to the Federal Reserve for expectations of interest rate cuts, analysts are pointing to “sticky” prices and tariff impact for likely pressure on equities and crypto. Analysts point to a potential bull trap.

    Peter Schiff said via a post on X:

    “I’ve never seen such a mass selloff of US assets. The US dollar, bonds, and stocks are all getting killed. I can’t remember when the dollar lost 3.5% against the Swiss franc in one day. America’s ride on the global gravy train is about to come to a screeching halt. Buckle up.”

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  • FLR, TAO, ONDO outperform as BTC steadies near support

    FLR, TAO, ONDO outperform as BTC steadies near support

    • Flare (FLR), Bittensor (TAO) and Ondo Finance (ONDO) are top gainers with between 17% and 28% spikes in 24 hours.
    • Altcoins have soared amid broader market’s reaction to US President Donald Trump’s tariff pause.
    • Bitcoin (BTC) is looking for support above $80k.

    Flare, Bittensor and Ondo Finance are among top gainers in the cryptocurrency market’s top 100 by market cap.

    The altcoins, which have soared between 17% and 28% in the past 24 hours, have benefitted from the broader market’s reaction to US president Donald Trump’s tariff pause. Notably, FLR, TAO and ONDO are rising as Bitcoin (BTC) seeks a fresh leg up after bouncing to above $82k.

    Will BTC hold gains above $80k?

    Bitcoin continues to show resilience as it eyes a key support level amid a broader market upswing.

    The leading cryptocurrency currently shows a 24-hour gain of 6.5%, trading near $82,000, with a 24-hour trading volume of $76.2 billion.With this metric up 38%, it reflects strong market participation as investors look to buy the recent dip.

    A look at technical indicators shows the Relative Strength Index (RSI) at 47, while the Moving Average Convergence Divergence (MACD) suggests a potential bullish crossover. If the MACD line moves above the signal line, it would hint at likely upward momentum.

    BTC chart by TradingView

    As noted above, crypto mirrored stocks as markets reacted higher on news of President Trump pausing proposed tariffs. It’s a move that Mohamed A. El-Erian, in a CNBC interview, came as the Fed came close to intervening amid market malfunction. It helped risk assets.

    However, Arthur Hayes, in an X post, cautioned that while the tariff pause might boost short-term sentiment, underlying economic uncertainties could still pressure BTC if global liquidity tightens.

    FLR price outlook

    Flare (FLR) emerged as one of the top gainers in the early hours on Thursday, soaring 27% over the past 24 hours to trade at $0.015.

    The altcoin saw a significant spike in trading volume, reaching $50.3 million, as investors piled into the layer-1 blockchain known for its data-focused solutions.

    From a technical perspective, FLR’s RSI climbed to 53, signaling potential for a near-term continuation. The MACD was also bullish with the MACD line well above the signal line.

    FLR Chart by TradingView

    Bittensor and Ondo price today

    Bittensor (TAO) also joined the list of top performers, gaining 18% to reach highs of $236, with a 24-hour trading volume of $191 million.

    Altcoin’s positive reaction to Trump’s tariff pause also saw Ondo (ONDO) soar 18% to a high of $0.86. The ONDO token recorded a notable 24-hour trading volume of $375 million, underscoring strong demand for the DeFi token.

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