Author: James Wilson

MOVE price has dropped 28% in the past week and is currently trading at just 4% above its all-time low amid an ongoing third-party investigation into suspicious market maker activity involving the token on Binance. Movement Labs (MOVE) has recently launched a third-party investigation into market maker misconduct involving the MOVE token, following Binance’s discovery that an undisclosed market maker had dumped 66 million MOVE tokens shortly after launch while placing minimal buy-side orders. In response, Binance delisted the market maker and froze millions of dollars in suspected profits to potentially compensate affected users. Speaking to Blockworks, a Movement Labs…

Market turbulence has left many in loss, but long-term Bitcoin holders remain largely unaffected, analysts at Glassnode say. Bitcoin’s (BTC) long-term holders are still in a strong position despite ongoing market uncertainty, according to a new report from on-chain analytics firm Glassnode. Although many new investors are currently facing the “largest unrealized losses on record,” long-term holders “remain broadly in profit,” the report reads. The analysis highlights that while short-term holders are experiencing significant unrealized losses, long-tetm investors continue to hold their positions. “[…] from an individual investor perspective, the market has endured far more severe drawdowns in prior cycles,…

Ethereum’s price was in a tight range this week as crypto investors remained on the sidelines and exchange-traded fund outflows rose. Ethereum (ETH) was trading at $1,580 on Friday, where it has remained throughout the week. It has risen by 14% from its lowest point this month. Ethereum continues to face many challenges, especially the rising competition from layer-2 networks like Base and Arbitrum (ARB). Other layer-1 networks like Sui (SUI) and Solana (SOL) have continued to gain market share in industries like decentralized finance and gaming.  Most tellingly, spot Ethereum ETFs have continued to shed assets this year. These…

Kraken has introduced a new asset class to its derivatives platform in an effort to expand past crypto. The exchange announced the launch of forex perpetual futures (FX perps) with initial support for EUR/USD and GBP/USD trading pairs.  Forex perpetual futures are a form of derivative contract enabling traders to speculate on the price changes of foreign exchange (forex) currencies, offering the advantage of no expiration date. The move marks the crypto exchange’s expansion into traditional financial markets, offering clients leveraged access—up to 20x—to two of the world’s most traded currency pairs. The FX perps are perpetual contracts benchmarked against…

Binance says the United States Treasury supply will hit a record $31 trillion in 2025, a scenario that could have an impact on the macro environment and cryptocurrencies. According to a Binance Research report on April 18, U.S. Treasury issuance is expected to rise to a staggering $31 trillion in 2025. This spike in Treasury bonds will see supply account for about 109% of gross domestic product and 144% of the M2 money supply. With this indicative of looming financing pressure—including from auction refinancing—investors may want to pay close attention to what happens. Ideally, changes in M2 tend to have…

Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg. The “sUSD 420 Pool,”  Announced by founder Kain Warwick on X, the pool will reward participants with 5 million SNX tokens over 12 months in an attempt to curb the effects of the ongoing depeg. sUSD dropped to $0.8224 as of April 18, up over 7% in 24 hours, according to CoinGecko. It was trading as low as $0.63.  The decline has been linked to recent protocol changes under Synthetix Improvement Proposal 420, which introduced a…

Bitcoin recently flashed some key bullish indicators, but low volume suggests that big traders are still cautious. Bitcoin is finally showing some bullish signs. On Thursday, April 18, Scott Melker, known as The Wolf Of All Streets to his many followers, pointed out that Bitcoin (BTC) closed above the 50-day simple moving average with a strong candle. While the price corrected to $84,349, it is still above the 50-day SMA level of $84,202. $BTC DAILYBitcoin finally closed a strong daily candle well above the 50-day moving average – a notable technical development, especially since that moving average is beginning to…

CRV is showing strong potential for a trend continuation after finding support at a major confluence zone. With volume starting to step in and price structure forming a potential higher low on the daily, all eyes are on whether bulls can defend this area and push the chart into the next leg higher.Curve DAO Token (CRV) is beginning to show signs of a potential structural shift on the daily timeframe. After a sustained downtrend, recent price action has started consolidating above a zone packed with technical confluences. These zones typically attract strong buyer interest and, when defended successfully, often mark…

Solana’s rise to a top-10 cryptocurrency has been driven by its speed, developer activity, and growing DeFi and NFT ecosystems. But its journey hasn’t been without bumps. Network outages, inflation-related governance debates, and now investor frustration with a sharp decline from its all-time high have raised questions about the long-term sustainability of its economic model. One of the most recent Solana (SOL) flashpoints occurred earlier this year with the SIMD-228 vote proving to be the largest crypto governance vote ever in terms of market value and participation. The vote failed to meet the approval threshold in early March. Now, Galaxy…

BNBChain is upgrading its $100 million incentive program to feature direct token acquisition. According to an update, the change in approach follows ecosystem feedback that showed the initial liquidity program for memecoins, decentralized finance, artificial intelligence and gaming tokens among other projects on BNB Chain was not as effective as expected.  BNB Chain initially announced the $100 million program aimed at incentivizing centralized exchanges to list native BNB Chain tokens in March 2024. The goal was to strengthen on-chain liquidity and to solidify market foundations, with projects earning rewards for listing on CEXs in a tiered approach. Top exchanges included…