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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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  • 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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