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  • Analyst holds $5 target for Pi Network ahead of major token release

    Analyst holds $5 target for Pi Network ahead of major token release

    Pi Network will rise to $5 despite 5.6M token unlock

    • The over $$138.252 million Pi Network token unlock on over the next 30 days may pressure Pi’s price.
    • Whales have moved 41M PI off exchanges, hinting at a rebound.
    • Analysts predict $5 target with market and ecosystem growth.

    Pi Network token has had a rough patch recently, with the Pi Network price dipping 80% from its all-time high to around $0.63 and struggling to gain momentum amid daily token unlocks.

    Despite the immense bearish pressure exerted by the token unlocks, a bold Pi Network price prediction has emerged from analysts, one of whom foresee the PI token climbing to an impressive $5.

    Why the $5 Pi Network price prediction could be realistic

    To start with, Pi Network price today sits at around $0.63 with a sturdy support at $0.60, a zone some experts believe could serve as a springboard for a breakout toward higher valuations.

    Technical analysis reveals a double-bottom pattern with a neckline at $0.7857, hinting at a possible breakout, while price prediction models suggest a climb to $1.83 by May 2025; a 190% jump from today.

    Adding fuel to the optimism, Pi Network founder Nicolas Kokkalis is slated to speak at Consensus 2025, a major crypto event, signaling a boost in credibility for the project amid the latest Pi Network news.

    Notably, Kokkalis’ appearance at Consensus 2025 alongside crypto giants like Eric Trump and Bo Hines coincides with the unlock of 5.6 million tokens, a move that could either weigh on the price or be absorbed by growing demand, depending on market dynamics.

    At the same time, Pi token whale activity is turning heads, with a single investor withdrawing 7.5 million PI token valued at $4.82 million from OKX, part of a broader $48 million accumulation now worth $31 million.

    From a broader perspective, whales have move approximately 41 million Pi tokens from crypto exchanges, signaling at massive accumulation.

    Such large-scale accumulation suggests confidence in the Pi Network value, potentially foreshadowing a price surge as these investors position themselves ahead of key milestones.

    Analysts also point to several drivers that could spur a potential recovery, including an improving cryptocurrency market, clearer Pi Network tokenomics, listings on top-tier exchanges, and broader ecosystem growth; all critical for the Pi Network price prediction to materialize.

    A listing on exchanges like Binance or Coinbase could also ignite investor enthusiasm, pushing the Pi Network price beyond its stubborn resistance at $0.70, a level it has repeatedly failed to breach.

    Beyond that, expanding real-world use cases for the PI token, such as applications or services accepting it, could solidify its utility and bolster long-term value.

    Possible handles that could curtail Pi Network’s rise

    The planned unlock of 219,065,154.07 tokens over the next 30 days and over 1.5 billion tokens over the next year raises concerns about dilution.

    Pi Network token unlocks over the next month

    And to make things worse, 35 billion PI tokens are held by insiders against 65 billion allocated to the community, a factor that could challenge the Pi Network price.

    In addition, the Pi Network open mainnet launch problems, as users struggle to migrate to the mainnet, has limited exchange presence, keeping its market cap at $4.3 billion and its price in a holding pattern.

    Nevertheless, the team has unveiled an elaborate Pi Network tokenomics with a total supply of 100 billion tokens; 65% allocated to community mining rewards, 10% to the foundation, 5% to liquidity, and 20% to the Core Team, and designed to scale with community migration to the mainnet.

    This tokenomics structure aims to ensure fairness and prevent early dumping, tying the network’s progress to the speed of Pioneer adoption, a unique approach that could stabilize the Pi Network value over time.

    In essence, while the 5.6 million tokens unlock poses a near-term risk, the $5 Pi Network price forecast hinges on Pi Network overcoming its challenges and capitalizing on its ecosystem expansion, making the Pi Network mainstream adoption a critical watchpoint.

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

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

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

    • Bitcoin surged past $87,700, fueled by a weakening US dollar and potential US Treasury buybacks.
    • Arthur Hayes predicts Treasury buybacks could be a “bazooka,” pushing BTC past $100K (“last chance” below).
    • Weak dollar (lowest since March 2022) and rising gold correlation support Bitcoin’s appeal.

    Bitcoin’s recent climb, momentarily cresting $87,700, is drawing significant attention, with prominent analysts pointing towards macroeconomic shifts and potential government actions as key drivers that could propel the cryptocurrency well beyond the $100,000 threshold.

    The convergence of a weakening US dollar, anticipated US Treasury debt buybacks, and sustained institutional interest is painting an increasingly bullish picture for the digital asset.

    Macro tailwinds: dollar dips, treasury ‘bazooka’ eyed

    A primary factor supporting Bitcoin’s ascent is the declining value of the US dollar, which recently touched lows not seen since March 2022.

    As the dollar weakens, assets like Bitcoin often become more appealing to global investors seeking a hedge against fiat currency devaluation.

    Adding potent fuel to this narrative is the prospect of the US Treasury repurchasing its own debt.

    Arthur Hayes, the influential co-founder of BitMEX and current CIO of Maelstrom, has highlighted this potential move as a significant catalyst.

    He posited that upcoming Treasury buybacks could inject substantial liquidity into the financial system, effectively acting as a “bazooka” for Bitcoin’s price.

    Hayes went so far as to suggest this period might represent the “last chance” for investors to acquire Bitcoin below the $100,000 mark, anticipating that these buybacks could easily push the price past that psychological barrier.

    Technical signals and institutional trust bolster case

    The bullish sentiment finds resonance in technical analysis and continued institutional adoption.

    Ryan Lee, Chief Analyst at Bitget Research, noted that Bitcoin’s price chart recently completed a “descending wedge breakout,” a technical pattern often interpreted as supportive of further upward movement.

    This technical picture is complemented by Bitcoin’s growing correlation with gold, another traditional safe-haven asset, which itself has surged nearly 30% this year.

    Furthermore, global institutional appetite for Bitcoin appears unwavering despite recent price volatility.

    Reports indicate that investment firms, notably from Japan and the UK, have maintained their commitment, channeling capital into the cryptocurrency.

    This sustained institutional inflow signals enduring confidence in Bitcoin’s long-term value proposition.

    Analysts eye six-figure targets amid fiat expansion

    As Bitcoin tests resistance levels nearing $90,000, some analysts are setting their sights considerably higher.

    Jamie Coutts of Real Vision forecasts that expanding fiat money supply (M2) could drive Bitcoin to as high as $132,000 by the end of the year.

    This projection finds company with analysis from economist Timothy Peterson, who, citing historical market patterns, suggests Bitcoin could potentially reach $138,000 within the next three months.

    Political pressures add fuel to the fire

    The intricate macroeconomic picture is further complicated by the political landscape.

    President Donald Trump’s public calls for the removal of Federal Reserve Chair Jerome Powell have intensified market expectations of potential interest rate cuts.

    Such cuts, aimed at stimulating the economy, would likely exert further downward pressure on the US dollar, potentially creating an even more favorable environment for Bitcoin’s price appreciation.

    A note of caution amidst the bullish chorus

    Despite the confluence of positive indicators, some market observers urge caution regarding short-term price action.

    Analyst Michaël van de Poppe warned that weekend rallies can sometimes prove ephemeral and that Bitcoin might face a pullback before decisively conquering key resistance zones.

    The $91,000 level is widely seen as the next significant hurdle.

    Until Bitcoin firmly establishes itself above this mark, the possibility of short-term corrections remains.

    Nonetheless, the combination of weakening fiat dynamics, anticipated liquidity injections via Treasury buybacks, robust institutional support, and supportive technical patterns creates a compelling narrative for Bitcoin’s continued ascent towards, and potentially well beyond, the $100,000 milestone.

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  • PepeX maintains upside momentum as Bitcoin, Solana dominate the majors

    PepeX maintains upside momentum as Bitcoin, Solana dominate the majors

    PepeX, the first AI-powered memecoin launchpad, kicks off presale

    Bitcoin and Solana have emerged as top performers as crypto majors and meme tokens strive to recover. While investors shift to Bitcoin for its stability, Solana has become a key player in DEX trading.

    At the same time, investors are on the look out for fresh projects with robust growth potential. PepeX, which has emerged as one of the top meme ICOs to watch out for in 2025, offers its holders an irresistible opportunity to rake in hefty gains during its presale and beyond. Its infrastructure seeks to restore transparency, fairness, and accessibility in the meme crypto space.

    Bitcoin heightened dominance paves the way to $90,000

    Bitcoin price began the new week on a high; rallying to a three-week high in early Monday session. Since hitting a five-month low two weeks ago, the crypto major has rebounded by about 17%. At the time of writing, it was trading at $87,488. 

    Despite the persistent economic uncertainties, bulls are optimistic that Bitcoin price will soon retest the crucial zone of $90,000. CoinGecko’s 2025 Q1 crypto industry report showed that despite the drop in investor activity, Bitcoin’s dominance in the cryptocurrency space hit a level last recorded in early 2021 at 59.1%. 

    Having rebounded past the 25 and 50-day EMAs, the bulls have an opportunity to retest the crucial support-turn-resistance zone of $90,000. However, the bulls will need to gather enough momentum to break the immediate-term resistance at $89,075. On the lower side, $82,959 is set to offer steady support to Bitcoin price. 

    Bitcoin Price
    Bitcoin Price

    PepeX maintains upward momentum as it restores integrity in the meme crypto space 

    AI-related cryptocurrencies have captured investors’ attention as they look past the majors for projects with robust growth potential. In the past 24 hours, AI meme market cap rose by 6.5% to $2.34 billion.

    Notably, most of these fresh projects are moving past meme jokes to offer solutions to existing challenges within the crypto space. PepeX is one such crypto. As the world’s first AI-powered tokenization launchpad, it seeks to solve the persistent issues of security, fairness, and transparency. Indeed, it comes at an opportune time and investors are taking note of it. 

    In the recent past, platforms like Pump.fun have allowed pump-and-dump schemes that saw investors lose hefty amounts of money. To solve this issue, PepeX has integrated anti-sniping tools and a bubble map tool to discourage early dumping and any shady launches. Besides, the creators’ holdings are capped at 5% of the total supply, which they could lose to its community should the project fail. 

    This one-of-a-kind infrastructure has attracted the attention of meme coin enthusiasts, enabling it to raise over $1.4 million just four weeks into its presale. In addition to its real-world use case and subsequent growth potential, early adopters have an opportunity to rake in huge gains during the 30-stage presale. 

    With every three-day stage, the token price increases by 5%. What started at $0.02 is currently at $0.0243 and is set to rally further to $0.0823 before the token hits the public shelves in Q3. Read more on how to buy PepeX.

    Solana dominance in DEX trading fuels recovery

    Solana Price Chart
    Solana Price Chart

    In the recent months, altcoins and meme coins have been under selling pressure. However, as the assets find their footing, Solana has emerged as one of the top performers. 

    Notably, its dominance in the decentralized exchange (DEX) space has fueled its recovery. As highlighted by CoinGecko, Solana dominated DEX trades at a rate of 39.6% in Q1’25. 

    A look at its daily chart shows Solana price trading above the 25 and 50-day EMAs. In the short term, I expect $126.90 to be a steady support zone as the bulls strive to break the resistance at $144.50. If successful, the next target will be at $155. 

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  • Why Bitcoin ETFs face outflows post-recovery

    Why Bitcoin ETFs face outflows post-recovery

    Bitcoin ETFs seeing huge outflows despite BTC price recovery

    • $812M has left Bitcoin ETFs in April despite Bitcoin price recovery post‑tariff pause.
    • Institutions are shifting to bonds and AI/tech funds amid risk‑off sentiment.
    • Regulatory delays and media FUD also fuel cautious ETF positioning.

    Bitcoin ETFs have registered significant fund withdrawals even as spot Bitcoin (BTC) price regained ground following President Trump’s 90‑day suspension of reciprocal tariffs.

    The temporary tariff relief helped stabilize global markets, fueling a Bitcoin price rebound that saw it climb back toward the mid‑$80,000s.

    However, institutional investors have continued to pull money out of spot Bitcoin ETFs, culminating in a dramatic $171.10 million net outflow on April 17, according to Coinglass data.

    The most affected ETFs are Fidelity’s FBTC and ARK Invest’s ARKB, each of which has seen over $113 million in outflows.

    BlackRock’s IBIT, however, continues to enjoy modest inflows with $30.60 million inflows as of April 17, 2025.

    Bitwise’s BITB, VanEck’s HODL, and Grayscale Bitcoin Mini Trust ETF (BTC) have also weathered the storm with $12.8M, $6.7M, $2.4M, and $3.4M inflows respectively.

    Month‑to‑date flows show that more than $800 million departed Bitcoin ETFs in early April, following $767 million in March.

    This extended streak of weekly outflows eclipses even the heaviest withdrawal phases seen since these products debuted in January 2024.

    Why the huge Bitcoin ETFs outflows?

    Notably, this trend underscores a broader risk‑off sentiment among professional investors reluctant to reallocate capital into volatile digital assets.

    Surging US interest rates have rendered government bonds more appealing, prompting capital rotation out of crypto ventures.

    Concurrently, profit‑taking after Bitcoin’s late‑2024 rally motivated holders to crystallize gains, dampening demand for ETF exposure.

    Investors are also contending with fractured regulatory signals, as promised crypto‑friendly legislation remains stalled in Congress.

    Confusion surrounding token unlock schedules for structured Bitcoin products exacerbates fears of sudden supply surges.

    Moreover, strong inflows into AI and tech‑focused exchange‑traded funds have lured momentum‑driven capital away from crypto.

    Persistent media rhetoric around a “Bitcoin ETF exodus” further compounds negative sentiment and amplifies withdrawal pressures.

    Bitcoin miners have also felt the squeeze, with March profitability down 7.4% as average fees and prices cooled although leading miners like Marathon Digital and CleanSpark maintained robust production and expanding hash rates despite shrinking margins.

    Tax‑loss harvesting strategies and quarter‑end portfolio rebalancing have also applied technical selling pressure on ETF shares.

    The interplay of these forces paints a nuanced picture: spot Bitcoin prices can recover while ETF flows simultaneously languish.

    Investors now face a delicate balancing act between capturing crypto’s upside potential and managing exposure to its inherent volatility.

    A weaker US dollar amid shifting Federal Reserve forecasts has provided some tailwind for Bitcoin valuations in recent weeks.

    However, the comparative stability and yield of US Treasuries continue to attract institutional allocations away from high‑beta crypto instruments.

    As the market digests these divergent signals, the tug of war between price recovery and Bitcoin ETFs fund outflows may define next Bitcoin (BTC) maturation phase.

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  • Binance community vote puts FTT at highest delisting risk

    Binance community vote puts FTT at highest delisting risk

    • Voting ran from April 10 to April 16, 2025.
    • ZEC and JASMY followed with 8.6% of the votes each.
    • Binance says votes won’t be sole factor for delisting.

    FTT, the native token of collapsed exchange FTX, is facing renewed pressure as it topped Binance’s second “Vote to Delist” round with 11.1% of the community votes.

    The vote, which ran from April 10 to April 16, 2025, forms part of Binance’s broader governance programme, allowing users to weigh in on tokens marked with a Monitoring Tag.

    These tokens are deemed to carry greater risk or volatility, prompting deeper internal evaluations by Binance. While voting results alone do not determine delistings, they significantly influence the exchange’s decision-making process.

    The token has seen persistent downward momentum since the beginning of the year, and its association with FTX’s collapse in November 2022 continues to cloud investor confidence.

    At the time of writing, FTT was trading at $0.80, down 4.1% in the past 24 hours, with its latest decline echoing sentiment-driven selloffs seen in the first round of voting.

    Source: CoinMarketCap

    Binance expands governance tools

    Binance’s “Vote to Delist” initiative is aimed at improving transparency and strengthening user participation in governance. It targets assets flagged with Monitoring Tags, typically due to liquidity concerns, regulatory risks, or large price swings.

    Although community sentiment plays a key role, Binance has clarified that delisting decisions are not solely determined by voting outcomes.

    “The voting result will not be the sole deciding factor to determine the final delisting decision,” Binance stated on its Square platform.

    The review process will also consider internal metrics and compliance standards, and any final decision may be delayed depending on procedural requirements.

    FTT’s leading position among 17 tokens included in the second voting round suggests a strong community preference for removal, reinforcing the market’s wariness of its long-term viability.

    Altcoins face price drops, delisting risk

    Other tokens also registered notable levels of concern. Zcash (ZEC) and JasmyCoin (JASMY) each received 8.6% of the votes, reflecting increasing user doubt despite their historical popularity.

    GoPlus Security (GPS) followed with 8.2%, while PlayDapp (PDA) came in at 7.6%. Voxies (VOXEL), Alpaca Finance (ALPACA), and STP Network (STPT) also featured prominently, with 7.1%, 6.3%, and 5.9% of the votes, respectively.

    Price data shows these tokens have begun to react to the voting results. JASMY and STPT both dropped around 6% over the past 24 hours, with several other coins showing more modest declines.

    For instance, VOXEL, PDA, and ALPACA all posted red candles, suggesting investor anxiety may extend beyond FTT.

    Also included on the list were Flamingo Finance (FLM) with 4.3%, ARK (5.8%), Biswap (BSW) with 5.5%, and MovieBloc (MBL) at 4.2%.

    Smaller vote shares were seen for Wing Finance (WING) at 3.8%, Ardor (ARDR) at 3.6%, and Perpetual Protocol (PERP) at 3.4%. NKN and LTO Network closed the list with 3.2% and 2.9% of the votes, respectively.

    Market awaits Binance decision on FTT

    While Binance’s final delisting decisions are pending, the data signals a clear community trend away from tokens viewed as unstable or compromised.

    Market participants are expected to monitor Binance’s review process closely, particularly for tokens like FTT and JASMY, which continue to attract regulatory and public scrutiny.

    The exchange has not announced a firm delisting timeline and reiterated that internal reviews are still in progress.

    However, the market impact has already materialised, with sharp short-term price declines and trading volumes showing volatility across the affected tokens.

    With this round of votes concluded, Binance’s next steps could set a precedent for how much influence community feedback will hold in shaping the platform’s asset offerings moving forward.

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  • Crypto market decline accelerates in Q1 with $633.5B in losses

    Crypto market decline accelerates in Q1 with $633.5B in losses

    • Bitcoin’s market share rose to 59.1% despite falling 11.8%.
    • Ethereum’s 2024 gains wiped out in Q1 2025.
    • DeFi TVL fell 27.5% across multichain platforms.

    The global cryptocurrency market started 2025 with optimism, fuelled by expectations of favourable policy shifts under Donald Trump’s presidency and a strong rally across meme coins.

    But those hopes have since been dashed. According to CoinGecko’s latest quarterly report, crypto’s total market capitalisation fell 18.6% in Q1 2025, wiping out $633.5 billion in value.

    Trading volumes also took a hit. The report shows that average daily trading volume fell 27.3% compared to the previous quarter. Spot trading on centralised exchanges declined 16.3%, a drop that was partly attributed to the Bybit hack earlier this year.

    Despite signs of strength in early January, recession concerns and fragmented investor interest led to a broad sell-off across digital assets.

    Bitcoin outperforms altcoins but still falls 11.8%

    Bitcoin retained its dominance over the broader market in Q1, accounting for 59.1% of the total crypto market cap — its highest level since 2021.

    This shift highlights how investors have treated Bitcoin as a relatively more stable asset compared to altcoins during uncertain periods.

    However, Bitcoin itself was not immune to losses. It declined 11.8% during the quarter and underperformed traditional safe havens like gold and US Treasury bonds.

    The report also noted that Trump’s newly imposed tariffs triggered volatility in the bond market, impacting yields — a key metric closely linked to digital asset flows.

    Ethereum saw an even sharper reversal. It gave up all of its 2024 gains, returning to levels last seen before its Shanghai upgrade. The report attributed this trend to declining decentralised finance (DeFi) activity and persistent concerns around gas fees and scalability.

    DeFi TVL and Solana activity decline sharply

    Multichain DeFi protocols suffered significantly, with total value locked (TVL) falling 27.5% over the three-month period.

    Solana, which led the decentralised exchange (DEX) trading space during the meme coin frenzy in January, saw its own TVL drop by more than 20%.

    CoinGecko’s data indicates that market excitement around Trump-themed tokens, particularly the TRUMP coin on Solana, sparked a temporary spike in transaction volumes. However, this activity failed to sustain investor interest beyond January.

    The LIBRA scandal, which emerged shortly after, added further pressure on altcoin sentiment and liquidity.

    Despite these setbacks, Bitcoin exchange-traded funds (ETFs) recorded $1 billion in fresh inflows in Q1.

    But the total assets under management (AUM) across these ETFs still fell by nearly $9 billion due to declining prices, highlighting the gap between investment inflows and market returns.

    Structural concerns deepen

    While some data points suggested limited resilience, nearly every positive trend in the report was accompanied by a downside risk.

    The report shows that centralised exchanges, stablecoin volumes, and DeFi applications all registered lower activity in February and March. Many projects lost traction as macroeconomic concerns mounted and investor caution grew.

    CoinGecko noted that the first quarter of 2025 represents one of the most challenging periods for crypto since the FTX collapse in late 2022.

    The report reflects broader market concerns that the crypto sector, despite structural improvements in infrastructure and compliance, remains deeply vulnerable to global economic shocks.

    As recession fears take hold and regulatory uncertainties continue to loom in major markets, the path forward for crypto in the coming months remains highly uncertain.

    Although Bitcoin’s rising market share signals a flight to perceived safety, the broader market may need more than optimism and meme coin rallies to recover from this quarter’s losses.

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  • Colorado sees just 80 crypto tax payments in 3 years

    Colorado sees just 80 crypto tax payments in 3 years

    Bitcoin ETFs seeing huge outflows despite BTC price recovery

    • PayPal converts crypto into US dollars before funds reach the state.
    • Bitcoin’s rising value discourages users from spending it on taxes.
    • Stablecoins may become the preferred method for future payments.

    Since 2022, the State of Colorado has collected over $11 billion in income tax. Yet of that, only $57,211 has come from cryptocurrency payments. That is just 0.0005% of the total.

    When Colorado became the first US state to accept crypto tax payments under Governor Jared Polis, the move was presented as a breakthrough for digital finance adoption.

    But nearly two years later, figures provided to Colorado Newsline by the Department of Revenue suggest that uptake has remained negligible.

    The data shows that while crypto ownership is rising across the United States, its use for tax obligations is far from mainstream.

    Colorado residents can use PayPal’s Cryptocurrency Hub to pay in Bitcoin or other digital assets, which are instantly converted into US dollars before reaching the state treasury.

    Despite the infrastructure being in place, only a handful of residents have opted in—and their reasons are more financial than technical.

    Fewer than 80 payments

    In 2022, only eight crypto-based tax payments were made in Colorado, totalling $16,426. That figure rose modestly in 2023 to 22 payments, amounting to $23,241.

    In 2024, the number of transactions increased to 48, but the total paid declined to $17,544. Altogether, fewer than 80 payments have been recorded, with total crypto contributions stuck below $60,000.

    None of this crypto is held by the state. All payments are instantly converted to fiat via PayPal’s system, meaning the Department of Revenue never touches digital assets directly.

    That distinction matters: while Colorado is technically accepting crypto, it is functionally no different from accepting a card payment in dollars.

    Store of value

    Despite the small number of transactions, crypto ownership in the United States remains high. Around 20% of American voters have held or used crypto at some point.

    But for most, coins like Bitcoin are not used to pay for goods or services—they are held as long-term investments.

    That investment mindset is reinforced by Bitcoin’s performance. Since the start of Colorado’s crypto tax pilot in September 2022, the price of Bitcoin has surged more than 320%.

    In September 2023, it posted a 30% annual gain, followed by another 125% in September 2024. With such returns, many holders are reluctant to spend their coins on tax bills, especially if doing so could trigger capital gains tax.

    Stablecoin future

    Colorado is not the only place experimenting with crypto-based public payments. Utah also allows tax payments via PayPal’s system. Detroit is planning to introduce the same model later this year.

    Louisiana already accepts crypto payments for services and fines through Bead Pay.

    Even so, experts remain sceptical about the long-term viability of using major cryptocurrencies for this purpose. Store-of-value assets like Bitcoin and Ethereum are ill-suited to everyday transactions, especially in volatile markets.

    Industry voices suggest that stablecoins—digital tokens pegged to fiat currencies—may be the better fit for tax payments going forward.

    Adoption remains symbolic

    The Colorado example illustrates that offering crypto payments does not guarantee adoption. Many residents are unaware of the option, and even those who are often have little incentive to use it.

    For now, crypto tax payment infrastructure may serve more as a political or technological signal than a practical alternative.

    Still, the systems put in place could pave the way for broader adoption as the digital asset landscape matures. Whether that shift will be led by stablecoins, central bank digital currencies, or other innovations remains to be seen.

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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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