Kentucky Joins Vermont & South Carolina To Dismiss Coinbase Staking Lawsuit

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📉 Bitcoin's Current Market Status: A Bearish Outlook

📊 Bitcoin is currently trading between $81,966 and $82,126, with a market valuation of $1.62 trillion and a daily trading volume of $19.42 billion. The cryptocurrency has experienced a downward trend, retreating from a recent high of $87,481. A significant resistance level is observed near $83,000, while immediate support is around $81,000. The trading activity indicates a bearish sentiment, with sellers dominating the market.

Speculators might explore short positions during feeble rallies, positioning protective stops above recent peaks.

📉 In the 4-hour view, Bitcoin shows a pattern of decreasing peaks and troughs, reinforcing negative sentiment. Resistance remains between $85,000 and $86,000, while support near $81,500 has been tested multiple times. A drop below this support could increase downward momentum, whereas breaking above $86,000 might trigger a temporary bullish phase.

➡️ The daily perspective reveals a prolonged decline, constrained by strong resistance near $90,000 and critical support around $76,600. Buyers are notably absent, hindering any attempts to reverse the downward trend. Investors are advised to monitor the strength of the $76,600 support level or prepare for potential further losses.

Only an emphatic close above $90,000 would disrupt the bearish narrative.

⚖️ Technical indicators present mixed signals. The relative strength index (RSI-43), stochastic (49), and other oscillators suggest a state of equilibrium. However, momentum indicators remain in negative territory, indicating a lack of clear directional cues for market participants.

📉 Moving averages consistently signal a bearish outlook. Both exponential and simple moving averages across various periods recommend selling, with prices remaining below all major averages. Fibonacci retracements highlight critical levels, with Bitcoin currently below the 50.0% mark and vulnerable to further losses unless it reclaims the 61.8% level.

In sum, bearish winds blow forcefully across all intervals.

🔍 Traders may consider strategic short positions in the absence of clear reversal signals, while closely monitoring activity and resistance levels for potential turning points. If Bitcoin can break above key resistance levels, particularly $85,000 on the 4-hour chart and $90,000 on the daily chart, supported by strong volume, a bullish momentum could regain control. However, consistent failures to break through resistance and ongoing bearish pressure suggest that further declines may be likely.

Seedizens, SEED Go’s launched, kicking off Web3 gaming in the real world. You can now farm $SLOVE - $3 to $30/day potential. Confused? Alex got you:

Getting Started is Simple:
✅ Get a SEED Mon: Need at least one - grab it from the marketplace if you’re Mon-less.
✅ Open the SEED App: Go to Discovery, find the nearest tree on the map, and send your Mons hunting.
✅ Earn $SLOVE: Use your NFT Mon and a bit of $SLOVE to stack more $SLOVE.
✅ Calculated Potential Earnings: Add your Mon stats into the dashboard.

Why earning $SLOVE is looking pretty sweet? Let’s do a quick math:

🔻Mon Price: 3 SUI (Common), 40 SUI (Rare)
🔻Team Setup: 8 Common + 1 Rare = 64 SUI (~$150).
🔻$SLOVE Price: ~$0.16.
🔻Earnings at Lv9: 114 $SLOVE/day = ~$18/day.
🔻Break-Even: ~14 days (with upgrades).

💡 Your strategy decides the bag - could be juicy profits! Alex is handing you this earning shot, don’t sleep on it, fam!

🛡 Trump's Tariffs: A Strategy for Debt Refinancing

💬 Eric Demuth, CEO of Bitpanda, argues that President Trump's tariff policies are primarily aimed at managing the U.S. government's massive debt refinancing rather than being driven by protectionism or geopolitics. In a recent LinkedIn post, he claims that the real motive behind the tariffs is to deliberately slow the U.S. economy to lower the 10-Year Treasury Yield, which is crucial for rolling over $9 trillion in maturing Treasury bonds by the end of 2026.

That rate is the number that matters,

Demuth states.

Every single basis point shaved off means billions saved in interest over the next decade.

📉 He contends that the only effective way to lower this yield is to engineer an economic slowdown. While tariffs are typically seen as inflationary in the short term, he believes their large-scale implementation will ultimately trigger a recession, leading to lower inflation expectations and reduced demand for capital.

What seems like protectionism might actually be a recession strategy,

Demuth argued.

The U.S. government is facing a massive refinancing wave.

🔄 Many critics argue that Trump's tariffs are inflationary and could push the U.S. into recession. However, Demuth suggests that this recession strategy is intended to suppress yields now, refinance trillions at a lower cost, and then shift to stimulus mode to revive the economy. He draws parallels to the 2020 2021 period when quantitative easing and near-zero interest rates fueled a risk-on rally.

We’ve seen this movie before,

Demuth wrote.

That won’t happen again until this refinancing cycle is complete—and until the 10-Year Yield is under control.

📊 The 10-year Treasury yield is viewed as a benchmark for various other interest rates and significantly influences borrowing costs across the economy. Changes in this yield are also seen as indicators of investor sentiment about the economy’s future health.

🚀 Tether Plans To Launch a US Stablecoin Amid Trump’s Crypto Policies 🇺🇸

Tether CEO Paolo Ardoino reveals the company's plans to launch a US-focused stablecoin amid Donald Trump's crypto policies.

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➡️ Binance Founder Joins Pakistan Crypto Council as Strategic Advisor

🚀 Changpeng Zhao (CZ), the founder of Binance, has been appointed as a strategic advisor to the Pakistan Crypto Council (PCC). This announcement was made during a high-level meeting led by Finance Minister Senator Muhammad Aurangzeb.

This is a landmark moment for Pakistan. With CZ onboard, we are accelerating our vision to make Pakistan a regional powerhouse for Web3,

said Senator Aurangzeb.

🌐 CZ's appointment is a significant milestone in Pakistan's efforts to establish a regulated digital asset ecosystem. In his advisory role, he will assist in developing crypto regulations, improving blockchain infrastructure, and promoting education and adoption in both public and private sectors.

Pakistan is a country of 240 million people, over 60% of whom are under the age of 30. The potential here is limitless,

CZ remarked.

🌍 The PCC, which operates under the Finance Division, aims to position Pakistan alongside global crypto hubs like Singapore and Switzerland. CZ's involvement brings international credibility to Pakistan's ambitions in the Web3 space. This move signals Pakistan's intent to embrace innovation while ensuring compliance and inclusivity in its evolving digital economy.

➡️ Argentine Congress to Investigate Government Officials' Involvement with Libra Cryptocurrency

♾ The Argentine Congress has approved the formation of a commission to investigate the involvement of government officials in the launch and subsequent issues surrounding La Libertad Avanza, known as the Libra token. This decision was supported by 128 representatives from left-leaning blocs, while 93 opposed it, and 7 abstained. The commission will consist of 24 representatives and will begin its work on April 23, with a three-month deadline to report its findings.

📉 The Libra token was introduced by President Javier Milei in February as a means to support Argentine SMEs. However, its value plummeted shortly after the announcement, affecting tens of thousands of users. Milei has denied responsibility for this incident, stating that he merely shared information about the token on social media and did not endorse it. He likened investments in meme coins to gambling, saying,

if you go to the casino and lose money, it’s your problem.

📌 This congressional investigation is part of a broader scrutiny involving national and international bodies, including Argentine courts and the Department of Justice. Additionally, individuals linked to the Libra launch are facing a class action lawsuit in New York for allegedly misleading investors and causing financial harm.

🏛 US Senators Reintroduce PROOF Act To Set Reserve Standards for Crypto Firms 🌐

US Senators reintroduce PROOF Act to ban co-mingling of crypto funds, mandate monthly reserve checks, and boost industry transparency.

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📈 Metaplanet Inc. Expands Bitcoin Holdings

➡️ Metaplanet Inc., a publicly listed bitcoin treasury company in Japan, has recently acquired 319 additional bitcoins, bringing its total holdings to 4,525 BTC. The latest purchase was made at an average price of 11,845,786 yen per Bitcoin, totaling 3.779 billion yen. This acquisition has adjusted the company's overall average purchase price for its bitcoin holdings to 12,849,780 yen per bitcoin with a total investment of 58.145 billion yen.

📊 To assess the effectiveness of its bitcoin acquisition strategy, Metaplanet Inc. uses BTC Yield as a key performance indicator. The company reported impressive yields of 41.7%, 309.8%, and 95.6% for the periods from July 1, 2024, to March 31, 2025. As of April 14, 2025, the current quarter's BTC Yield stands at 6.5%.

🇺🇸 Even Cathie Wood Now Predicts US Recession Coming – How Crypto Market Could Respond 📊

Ark Invest CEO Cathie Wood predicts an impending recession, with the crypto market expected to react with high volatility.

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💰 Janover Acquires $10.5 Million in Solana (SOL) and Plans Immediate Staking

📈 Janover Inc., a publicly traded company listed on Nasdaq, has announced its acquisition of 80,567 Solana (SOL) for $10.5 million. This marks Janover's third SOL purchase in the past month, bringing its total holdings to 163,651.7 SOL valued at $21.2 million. The company also reported a significant 120% increase in its SOL/Share Growth since its last acquisition.

🔄 Following a recent takeover by former Kraken team members, Janover plans to undergo a rebranding. This will include a change of its name and ticker symbol to DeFi Development Corporation. In its latest announcement, Janover stated that it will begin staking its newly acquired SOL immediately.

➡️ This strategy is similar to that of Strategy (formerly Microstrategy), but is adapted for a proof-of-stake (PoS) environment. This allows Janover to stake its SOL for yield, with the option to reinvest those rewards. Following the announcement, Janover's shares rose over 12% on Tuesday and have increased by 138% over the past five days.

Daily View

1️⃣ Bitcoin Stats
$BTC is experiencing heightened volatility, with recent analyses suggesting the market might be in a longer-term downtrend as it has dipped below crucial support levels.

2️⃣ Token to Watch
$ORA $0.4958 +64.27%
$DARK $0.0255 +53.83%

3️⃣ Daily Focus
- The sentiment among traders is mixed, leaning towards caution due to potential regulatory changes and macroeconomic pressures, especially given the optimistic outlook for securities like Bitcoin bonds in aiding debt refinancing.

CoinEx: Your Crypto Trading Expert

Know more trends on CoinEx 👉 https://www.coinex.com/s/4HKZ

🚫 Court Dismisses $750K Crypto Fraud Lawsuit Against Santander

⚖️ The Massachusetts Appeals Court recently upheld a decision to dismiss a lawsuit filed by Lourenco Garcia against Santander Bank, regarding over $750,000 lost in a cryptocurrency scam. The court ruled that Santander had no legal obligation to intervene in authorized transactions, despite Garcia's claims.

🗓 On April 18, the court affirmed a November 2023 Superior Court ruling which stated that Garcia's amended complaint did not present a valid legal claim under Massachusetts Rule of Civil Procedure 12(b)(6). Garcia alleged that Santander failed to act when he authorized several large transactions linked to a fraudulent crypto platform, Coinegg.

💳 Between December 13, 2021, and January 4, 2022, Garcia made two online purchases through Crypto and initiated seven wire transfers at Santander branches, totaling $751,500. These funds were transferred to an account at Metropolitan Commercial Bank of New York for cryptocurrency purchases, which were then sent to Coinegg. After discovering that Coinegg was a scam, Garcia sought to recover his funds, citing Santander's Personal Deposit Account Agreement that stated:

If we see any transactions that follow patterns fraudsters typically use, we will text you or email you to ask whether or not you authorized the transactions.

➡️ However, the Appeals Court determined that this statement did not create a duty for Santander to stop or question the transactions. The court noted:

The Agreement states that Santander ‘may decline or prevent any or all transactions,’ but does not obligate Santander to do so.

📝 The judges pointed out that Garcia had authorized all transactions himself and did not identify any breached contract terms or legal duties by the bank. They also found that the language on Santander's website did not constitute an enforceable promise, and Garcia failed to demonstrate any false or deceptive conduct necessary to support claims of negligent misrepresentation or violations of Massachusetts General Laws Chapter 93A.

📢 John Deaton Expresses Surprise At Ripple’s Exclusion As Crypto Firms Look To Apply For Bank Licenses 🚨

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💰 Bitcoin Surges Past $94,000 Amid Positive Market Sentiment

📈 Bitcoin (BTC) has surged past the $94,000 mark, experiencing a 6.2% increase in the last 24 hours and a 12.9% rise over the past week. This upward movement signifies a shift in market sentiment as investors increasingly view the leading cryptocurrency as "digital gold." The recent price fluctuations highlight Bitcoin's attractiveness despite volatility in other markets and its potential for substantial short-term profits.

🔼 Ethereum (ETH) has also seen significant gains, climbing to $1,790 with a 10.2% increase in the last 24 hours and a 14.5% rise over the past week. This further suggests a bullish trend in the cryptocurrency market.

💰 Semler Scientific Expands Bitcoin Holdings with $10 Million Acquisition

📈 Semler Scientific, a medical technology company, recently announced the acquisition of 111 bitcoins for $10 million between February 14 and April 24, 2025. This purchase increased the company's total bitcoin holdings to 3,303 bitcoins, which were acquired at an average price of $87,929 per bitcoin.

💵 The latest acquisition was funded through proceeds from its at-the-market (ATM) offering program and available cash. As of April 24, 2025, the market value of Semler Scientific's bitcoin holdings stood at $309.1 million.

➡️ This update on bitcoin holdings follows the company's recent filing for a $500 million mixed-securities offering aimed at financing further bitcoin acquisitions. The filing permits Semler Scientific to sell various securities and use the proceeds primarily for additional bitcoin purchases.

♾ To facilitate its bitcoin acquisitions, Semler Scientific has entered into a new Controlled Equity Offering Sales Agreement. Under an initial agreement with Cantor Fitzgerald, the company raised approximately $126 million by issuing and selling over 2.4 million shares. After launching a new ATM equity offering program on April 22, 2025, the company stopped selling shares under the previous agreement.

📊 The new agreement with Barclays Capital, Cantor Fitzgerald, Canaccord Genuity LLC, and other firms allows Semler Scientific to issue and sell up to $500 million in common stock. As of April 24, the company had sold over 57,000 shares under this agreement, generating about $2 million in net proceeds.

📈 According to the company's statement, Semler Scientific reported a 23.5% year-to-date bitcoin yield through April 24, 2025. This yield is used as a key performance indicator (KPI) to assess the effectiveness of its bitcoin acquisition strategy and its impact on shareholders. The company believes this KPI is valuable for investors to understand its decision-making process regarding funding bitcoin purchases through the issuance of additional shares.

🟢 Tether Gold (XAUT) Fully Backed by Physical Gold: Q1 2025 Attestation Released

📊 Tether Holdings has published its first-quarter 2025 attestation for Tether Gold (XAUT), confirming that over 7.7 tons of physical gold fully back the circulating tokens. The report, conducted by BDO Italia S.p.A., verified that as of March 31, 2025, 246,524.33 fine troy ounces of gold were held in custody. Each XAUT token is backed 1:1 by an equivalent ounce of gold stored in Swiss vaults.

💰 The attestation revealed that the cumulative market value of Tether Gold (XAUT) at the end of Q1 was $770 million, with each token priced at $3,123.57. It also confirmed the sale of 180,777.07 XAUT tokens and noted that 65,747.26 tokens remain available for purchase.

➡️ Following its relocation from the British Virgin Islands in January, TG Commodities S.A. de C.V., the issuer of XAUT, is now regulated under El Salvador’s Digital Asset Issuance Law. The company is registered as a Money Services Business with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network.

🔍 The report emphasized that Tether's gold reserves consist of London Bullion Market Association (LBMA) certified bars and undergo periodic quality testing by independent third parties. Tether's management policies state that the gold is valued at fair market price under a going-concern assumption.

📈 Tether also pointed out macroeconomic trends affecting gold's role as a store of value (SoV), including increased central bank gold purchases and rising inflationary pressures. In 2024, central banks added over 1,044 metric tons to their reserves, according to data from the World Gold Council.

🔗 The independent report underscores that Tether Gold (XAUT) offers users a digital asset backed by verifiable physical gold, setting it apart from non-compliant tokenized products that depend on paper gold or face regulatory uncertainties.

🚨 Nasdaq Files S-1 For 21Shares Dogecoin ETF With SEC 🏛

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Daily View

1️⃣ Bitcoin Stats
$BTC is experiencing a modest rebound with speculative funds returning to the market, amid analysis focusing on key price support levels.

2️⃣ Token to Watch

$HOSICO $0.0365 +53.20%
$HOUSE $0.0895 +48.23%

3️⃣ Daily Focus
- Institutional interest remains evident, with large inflows into Bitcoin and Ethereum spot ETFs occurring recently.
- On the macro front, uncertainty persists as tariffs and economic conditions raise questions about near-term growth, while Federal Reserve policies and inflation data continue to influence market sentiment.

CoinEx: Your Crypto Trading Expert

Know more trends on CoinEx 👉 https://www.coinex.com/s/4HJB

📉 April's Revenue Decline for Bitcoin Miners

📉 Bitcoin miners experienced a revenue drop of $40 million in April, continuing a four-month trend of decreasing earnings since December. Total revenue for April was $1.18 billion, which included $15.65 million from transaction fees. In contrast, March revenues were $1.22 billion.

📈 Interestingly, transaction fees increased slightly in April compared to March, which had $15.11 million in on-chain fees. Despite the rise in BTC prices and hashprice—the expected daily yield for 1 petahash per second of SHA256 processing power—overall revenue declined. On April 1, the hashprice was $46.88 but rose to $50.26 by May 1. However, miners faced significant challenges due to network difficulty, which reached a record 123.23 trillion. The next difficulty adjustment is scheduled for May 4, 2025, and is expected to reduce strain by about 5.47%.

💪 Despite the decline in monthly earnings, price appreciation remains a positive factor for miners. While they navigate thinning margins and increasing operational challenges, the market suggests a potential shift in equilibrium. Efficiency has become crucial for survival in this evolving landscape.

📈 Bitcoin Market Analysis: May 4, 2025

💰 On May 4, 2025, Bitcoin was valued at $95,426 with a market cap of $1.895 trillion. It experienced a trading volume of $13.546 billion and fluctuated between $95,415 and $96,493 throughout the day.

📊 The daily chart indicates a continuation of a broader uptrend following a significant rally from a recent low of $74,434. However, there are signs of local exhaustion, with three consecutive red candles near the resistance level of $97,938. This suggests short-term hesitation as trading volume declines, indicating waning bullish momentum. The recommended strategy is a buy-the-dip approach in the $92,000 to $94,000 range, aiming for profit near $97,000 to $98,000 unless a high-volume breakout occurs.

📉 The 4-hour chart shows a clear short-term downtrend after a failed attempt to push above $97,000. The market structure has shifted to lower highs and lower lows, with $92,846 identified as a key support level. Bearish volume dominates, reinforcing downward pressure. Short-term traders might consider an aggressive short entry near $96,000 to $96,500, with stop-loss orders above $97,500. A more conservative long position could be justified if a bullish pattern forms near $92,800 to $93,000.

📉 On the 1-hour chart, Bitcoin shows a firm downward trajectory with recent support at $95,330 and resistance at $97,938. The prevailing downtrend is supported by low-volume bullish attempts. Scalp traders may find short opportunities if the price fails at the $96,000 to $96,300 level. However, a bullish engulfing candle with strong volume near $95,000 to $95,300 could present a quick long scalp opportunity.

📊 Momentum indicators present a mixed outlook. The relative strength index (RSI) is at 65, while the Stochastic is at 86, indicating neutral conditions. Momentum signals a sell, contrasting with a buy signal from the moving average convergence divergence (MACD) at 3,036. This reflects a market in consolidation, awaiting a decisive move.