Wrapped BTC Holders Can Now Secure 6% APY on Base via Umoja Admin10 April 202506 views Decentralized finance (DeFi) protocol Umoja has released a product that allows Coinbase wrapped BTC (cbBTC) token holders to earn a 6% yield on layer-2 network Base. Umoja achieves its yield by tapping into a range of centralized and decentralized exchange strategies including covered calls and arbitrage, which involves buying an asset at on one venue and simultaneously selling it for a higher price on another venue. It’s worthing noting that cbBTC is a wrapped token and not bitcoin (BTC) itself, it is an erc20 token backed 1:1 by bitcoin held at Coinbase. The Umoja protocol supports a number of Yield Vault Tokens (YVTs) collateralized by cryptocurrencies (including real world asset tokens). One of those YVTs is yBTC, which is minted once users deposit cbBTC on the protocol. Acquiring a yield on BTC using DeFi strategies has been a controversial topic for bitcoin maximalists, who are generally opposed to the DeFi sector and altcoins. However, as BTC continues its plunge from abov.. Read more
XRP Price Nears $2 Breakout: Bulls Target $2.50 as XRP Rebounds in Falling Channel Admin10 April 202506 views As the crypto market witnesses a sudden surge of recovery, XRP is heading at a new positive cycle within a falling channel pattern. As the broader market bounces back, XRP surged nearly 15%, recording a 24-hour high at the $2 psychological mark. However, the short-term intraday pullback of 3% drops the current market price to $1.98. As the short-term recovery gains momentum, will XRP challenge the overhead trendline at $2.50? XRP Takes Bullish Reversal in a Falling Channel In the daily chart, the XRP price trend showcases a bullish sustenance. It showcases a bullish turnaround from a local descending support trendline. XRP Price Chart With a bullish engulfing candle, XRP concludes to the 3-day crash to hit the $2.00 psychological mark. However, the 3% intraday pullback drops the current market price to $1.99. Within the falling channel, the short-term recovery is likely to face opposition from a secondary resistance trendline formed due to the prevailing lower high peaks. As th.. Read more
VeChain Breaks Out of Falling Wedge: Is $0.031 Target Next? Admin10 April 202505 views VeChain breaks out of the falling wedge pattern as it surpasses $0.020. Will this breakout rally hit the $0.031 price target? As Bitcoin crosses $82k following the recent 90-day pause in Donald Trump’s tariffs, altcoins are experiencing a recovery. Among the rising altcoins, VeChain is signaling a massive breakout rally. With a sudden overnight surge and extended intraday recovery, the VET price trend indicates a potential falling wedge breakout. Will this breakout rally propel the price to $0.031? VeChain Token Price Analysis VeChain’s price action on the daily chart shows a bullish breakout from a long-standing resistance trendline, creating a falling wedge pattern. This breakout follows a 75% price decline in VeChain from $0.078 to $0.019. The recent recovery in VET, marked by a 12.48% price surge yesterday, set the stage for this breakout. Currently, VeChain is trading at $0.022, with an intraday recovery of nearly 3%. As the altcoin nears a trend reversal, technical indicator.. Read more
Ethereum Still Overvalued, Samson Mow Says As ETH Price Revisits 2023 Lows Admin10 April 202503 views Samson Mow, vocal Bitcoin supporter and the chief executive at JAN3 company that helps nation-states with BTC adoption, has taken a jab at the second largest cryptocurrency Ethereum once again. Mow commented on its price as ETH has reached the lows that were last seen in October 2023. Samson Mow’s anti-Ethereum statement Samson Mow revisited a tweet he published back on August 23, 2022, when Ethereum traded roughly at the same price as it is now – $1,600 per coin. Bitcoin on that day traded at $21,600. Currently, Ethereum is changing hands at $1,589 after plunging by 5.24% over the past 24 hours. Ethereum is still overvalued. https://t.co/4oeQaCQMLV — Samson Mow (@Excellion) April 10, 2025 The last time before now, when Ethereum fell to those lows was October 2023. Before that, however, ETH demonstrated a price surge of 14.26% on Wednesday, following Bitcoin’s 8.51% rise and price trajectory – both printed a massive green candle at first. This was BTC’s reaction to the suspensio.. Read more
Is a four-year Bitcoin cycle dead? Admin10 April 202504 views As financial institutions, corporations, and governments increasingly began to adopt Bitcoin, some observers of the crypto market started to question whether the four-year cycle model typically applied to Bitcoin is still relevant. Let’s see how this cycle is designed and why many people doubt it is still reliable. An X account called Bitcoin Archive posted a poll asking if the four-year cycles for Bitcoin are over. In ten hours, over 10,000 accounts cast their votes, with the affirmative answer leading at 52%. It doesn’t necessarily mean that the four-year cycles are not reliable anymore, but rather, it indicates that many people see that the landscape is changing. Table of Contents Understanding the four-year Bitcoin cycles Can we still rely on the four-year Bitcoin cycle? Understanding the four-year Bitcoin cycles When Satoshi Nakamoto created Bitcoin, he encoded the mechanism that cuts the mining reward in two roughly once every four years in the event known as ‘halving.’ It dr.. Read more
BREAKING! US Inflation Data Announced! What Was the First Reaction of Bitcoin (BTC) and the Dollar? Admin10 April 202502 views US President Donald Trump announced yesterday that he was suspending tariffs for most countries as the tariff war with China intensifies day by day. This move from Trump brought an increase for Bitcoin and altcoins, with BTC rising above $82,000. Although there is a relief in BTC and altcoins, investors continue to be cautious against a possible decline, and today the critical inflation data that the FED attaches importance to for its interest rate decision was announced. Here is the data disclosed: Consumer Price Index Annual: Announced 2.4% – Expected 2.5% – Previous 2.8% Consumer Price Index Monthly: Announced -0.1% – Expected 0.1% – Previous 0.2% Core Consumer Price Index Annual: Announced 2.8% – Expected 3.0% – Previous 3.1% Core Consumer Price Index Monthly: Announced 0.1%– Expected 0.3%– Previous 0.2% The consumer price index is an important variable used to measure consumer purchasing trends and U.S. inflation changes. Bitcoin’s First Reaction After CPI Data! *This is .. Read more
90% Drop: XRP Users Disappearing? Admin10 April 202502 views The dramatic 90% decline in XRP payment volume is one of the most prominent warning signs that account-to-account transactions have sharply decreased, indicating a decline in user engagement and network utility. At the same time that XRP is having trouble on the price charts, there is an on-chain collapse. XRP has once again fallen below this psychological level after momentarily rising above $2 and it is currently trading at about $1.17. When the price action is unable to maintain the momentum required to break out of the downward price channel that has dominated the asset’s trend since late 2024, it is evidently weak. Low on-chain activity and the rejection at the $2.20-$2.30 resistance band give bearish concerns more credence. Traders may not have been confident enough to pursue the rally, as evidenced by the rebound volume but lack of follow-through. At $1.95 the black 200-day moving average, which has served as both support and resistance in recent sessions, is currently being.. Read more
Top Shiba Inu Developer Reveals Reason for SHI Stablecoin Launch Delay Admin10 April 202502 views Kaal Dhairya, a Shiba Inu top developer, reveals the reason behind the delayed launch of the ecosystem’s dollar-pegged SHI stablecoin. The broader Shiba Inu community has been anticipating the launch of SHI, an algorithmic stablecoin for the SHIB ecosystem. Reason Behind Shiba Inu SHI Stablecoin Launch Delay Recall that in 2021, the Shiba Inu ecosystem team announced plans to expand its ecosystem by releasing new projects like SHI stablecoin, a collectible card game (CCG), and a reward token. Four years later, the team has kept its word by launching the CCG (Shiba Eternity) and the ecosystem reward token–TREAT. However, it has not launched the highly anticipated SHI stablecoin, which was initially scheduled for a 2022 release. Since then, the team has provided limited updates about the SHI stablecoin launch. As a result, community members are questioning the rationale behind the delay. Addressing this inquiry, Dhairya disclosed that the team is waiting on clear stablecoin re.. Read more
Tokenized gold volume hits $1B first time since 2023 US banking crisis Admin10 April 202502 views Tokenized gold volume hits $1B first time since 2023 US banking crisis Read more
Thailand’s Regulator Recognizes Tether’s USD₮ as an Approved Cryptocurrency in Major Step for Digital Assets Admin10 April 202503 views 10 March, 2025 – Tether, the largest company in the digital assets industry, has announced that Thailand’s Securities and Exchange Commission has granted acceptance of USD₮ as an approved cryptocurrency. This approval enables USD₮ to be traded within the country, including facilitating its listing on regulated exchanges, which advances the region’s leadership in digital asset innovation. The updated regulations aim to enhance flexibility in digital asset businesses and will take effect on March 16, 2025. The SEC had previously sought public feedback on these changes, which were finalized in February 2025 with widespread industry support. The regulator’s recognition of USD₮ as an approved cryptocurrency marks a pivotal moment in the evolution of digital assets in the region and represents a major step toward clarifying and enhancing Thailand’s regulatory framework. This will provide investors with greater flexibility and choice while fostering a more dynamic and resilient industry. B.. Read more