DeFi made easy: Platform gets major release to become a one-stop DeFi app for everyone
The latest release introduces simplified portfolio management, expanded access to DeFi Apps and smart automation tools, simplifying DeFi interactions for all users.
DeFi ecosystem Primex kicks off its new version - Primex FrenDeFi a one-stop DeFi app aimed at bringing decentralized finance to everyday users.
Though decentralization is a core promise of blockchain technology, interacting with decentralized finance (DeFi) platforms can be a gruesome task for both novice and seasoned users. A confusing terminology accompanies the space, which may sound alien to less-experienced users. And the complexity of many DeFi interfaces adds even more trouble, bringing along the risk of costly mistakes.
The latest release introduces simplified portfolio management, expanded access to DeFi Apps and smart automation tools, simplifying DeFi interactions for all users.
DeFi ecosystem Primex kicks off its new version - Primex FrenDeFi a one-stop DeFi app aimed at bringing decentralized finance to everyday users.
Though decentralization is a core promise of blockchain technology, interacting with decentralized finance (DeFi) platforms can be a gruesome task for both novice and seasoned users. A confusing terminology accompanies the space, which may sound alien to less-experienced users. And the complexity of many DeFi interfaces adds even more trouble, bringing along the risk of costly mistakes.
Trump’s USD1 Playbook: 3 Best Presales Rewarding Early Supporters Like WLFI
The Trump-backed decentralized crypto project, World Liberty Financial (WLFI), has published a proposal to airdrop free $USD1 stablecoins to all current $WLFI token holders.
In this article, we’ll unpack the several positives that could come out of this, how it’s a telling sign that the industry is leaning towards cryptos that reward HODLers, and what are the best presales you could buy right now.
Impact of WLFI’s Stablecoin Airdrop Decision
This particular move will serve several purposes.
First, it’s an excellent way to reward and thank $WLFI token holders who have supported the project from the onset.
Second, it allows WLFI to test the airdrop system to ensure the infrastructure is working as expected.
Testing the airdrop mechanism in a live setting is a necessary step to ensure smart contract functionality and readiness – WLFI
The Trump-backed decentralized crypto project, World Liberty Financial (WLFI), has published a proposal to airdrop free $USD1 stablecoins to all current $WLFI token holders.
In this article, we’ll unpack the several positives that could come out of this, how it’s a telling sign that the industry is leaning towards cryptos that reward HODLers, and what are the best presales you could buy right now.
Impact of WLFI’s Stablecoin Airdrop Decision
This particular move will serve several purposes.
First, it’s an excellent way to reward and thank $WLFI token holders who have supported the project from the onset.
Second, it allows WLFI to test the airdrop system to ensure the infrastructure is working as expected.
Testing the airdrop mechanism in a live setting is a necessary step to ensure smart contract functionality and readiness – WLFI
Bitcoin price could rally even as global trade war rages on — Here is why
Crypto and equities traders were hopeful for a last-minute solution that would prevent the US from enacting 104% tariffs on Chinese goods entering the United States, but in a press conference, the White House confirmed that the tariffs would start on April 9. Markets deteriorated when Peter Navarro, trade adviser to US President Donald Trump, stated that tariffs were “not a negotiation.”
As a result, the S&P 500 index closed on April 8 with a 1.6% loss, reversing earlier gains of 4%. This downturn has left traders wondering whether Bitcoin can regain its bullish momentum amid worsening macroeconomic conditions.
Spiraling US debt issues remain, paving the way for Bitcoin gains
Between April 2 and April 7, the S&P 500 index dropped by 14.7%, causing panic among Bitcoin holders and forcing a retest of the $75,000 level—the lowest in more than five months.
Crypto and equities traders were hopeful for a last-minute solution that would prevent the US from enacting 104% tariffs on Chinese goods entering the United States, but in a press conference, the White House confirmed that the tariffs would start on April 9. Markets deteriorated when Peter Navarro, trade adviser to US President Donald Trump, stated that tariffs were “not a negotiation.”
As a result, the S&P 500 index closed on April 8 with a 1.6% loss, reversing earlier gains of 4%. This downturn has left traders wondering whether Bitcoin can regain its bullish momentum amid worsening macroeconomic conditions.
Spiraling US debt issues remain, paving the way for Bitcoin gains
Between April 2 and April 7, the S&P 500 index dropped by 14.7%, causing panic among Bitcoin holders and forcing a retest of the $75,000 level—the lowest in more than five months.
itcoin Goes Beast Mode—Mining Power Tops 1 Zetahash In First-Ever Surge
Bitcoin is alive and kicking, spewing out impressive hashrate numbers like never before.
Bitcoin’s network processing power has reached an unprecedented 1 Zetahash per second (ZH/s), marking a major milestone in the cryptocurrency’s 16-year history.
Multiple blockchain tracking services confirmed the achievement between April 4-5, 2023, though they disagree on the exact timing of when the threshold was crossed.
Bitcoin is alive and kicking, spewing out impressive hashrate numbers like never before.
Bitcoin’s network processing power has reached an unprecedented 1 Zetahash per second (ZH/s), marking a major milestone in the cryptocurrency’s 16-year history.
Multiple blockchain tracking services confirmed the achievement between April 4-5, 2023, though they disagree on the exact timing of when the threshold was crossed.
Trump tariffs could lower Bitcoin miner prices outside US, says mining exec
The Trump administration’s global “reciprocal tariffs” could see cheaper crypto mining rigs for non-US miners as manufacturers look to offload stock initially intended for the US.
The Trump administration’s sweeping tariffs could collapse US demand for Bitcoin mining rigs, which would benefit mining operations outside the country as manufacturers will look outside the US to sell their surplus inventory for cheaper, says Hashlabs Mining CEO Jaran Mellerud.
“As machine prices rise in the U.S., they could paradoxically decrease in the rest of the world,” Mellerud said in an April 8 report. “The demand for shipping machines to the U.S. is set to plummet, likely nearing zero.”
“Manufacturers will be left with excess stock originally intended for the US market. To offload this surplus, they’ll likely need to lower prices to attract buyers in other regions,” he added.
The Trump administration’s global “reciprocal tariffs” could see cheaper crypto mining rigs for non-US miners as manufacturers look to offload stock initially intended for the US.
The Trump administration’s sweeping tariffs could collapse US demand for Bitcoin mining rigs, which would benefit mining operations outside the country as manufacturers will look outside the US to sell their surplus inventory for cheaper, says Hashlabs Mining CEO Jaran Mellerud.
“As machine prices rise in the U.S., they could paradoxically decrease in the rest of the world,” Mellerud said in an April 8 report. “The demand for shipping machines to the U.S. is set to plummet, likely nearing zero.”
“Manufacturers will be left with excess stock originally intended for the US market. To offload this surplus, they’ll likely need to lower prices to attract buyers in other regions,” he added.
The first XRP exchange-traded fund (ETF) in the US recorded a “terrific response” on its opening day, according to Teucrium CEO Sal Gilbertie.
Speaking on the Crypto Prime podcast, Gilbertie called the debut Teucrium’s most successful ETF launch to date in terms of first-day activity.
The New York Stock Exchange (NYSE) has approved listing a new exchange-traded fund tied to XRP. The Teucrium 2x Long Daily XRP ETF (XXRP) launched on April 8 and is designed to deliver twice the daily performance of XRP through swap contracts.
Gilbertie said the fund’s registration went largely unnoticed initially, as it was the only XRP ETF to file with a ticker.
The approval process began shortly after changes in US Securities and Exchange Commission (SEC) leadership, which Gilbertie described as a shift toward a more constructive regulatory posture on crypto.
Speaking on the Crypto Prime podcast, Gilbertie called the debut Teucrium’s most successful ETF launch to date in terms of first-day activity.
The New York Stock Exchange (NYSE) has approved listing a new exchange-traded fund tied to XRP. The Teucrium 2x Long Daily XRP ETF (XXRP) launched on April 8 and is designed to deliver twice the daily performance of XRP through swap contracts.
Gilbertie said the fund’s registration went largely unnoticed initially, as it was the only XRP ETF to file with a ticker.
The approval process began shortly after changes in US Securities and Exchange Commission (SEC) leadership, which Gilbertie described as a shift toward a more constructive regulatory posture on crypto.
Bitcoin Price Eyes Rally as $2T Treasury Trade Unfolds—Fed Emergency Rate Cut Bets Soar
US Treasury market turmoil sparks debate on Federal Reserve rate cut, potentially driving Bitcoin's price up to $90,000 or down to $70,000.
Market sentiment shifts rapidly, with probability of a Fed rate cut in May soaring to 58.9%.
Bitcoin (BTC) is up 0.24% today and trades around at $76,481 in the early Asian session after crashing 3.71% on Tuesday. While Bitcoin price slides lower, the US Treasury market is spiraling into chaos, with the 10-year yield rocketing to 4.5% and the 30-year yield hitting 5%. Some speculate this could be a $2 trillion basis trade unwind while others hint it could be China selling treasuries. Regardless of the reason, markets speculate that this could prompt the Federal Reserve to announce an emergency rate cut, which could prompt a buying spree from crypto investors, catalyzing a bullish reversal for Bitcoin’s price.
US Treasury market turmoil sparks debate on Federal Reserve rate cut, potentially driving Bitcoin's price up to $90,000 or down to $70,000.
Market sentiment shifts rapidly, with probability of a Fed rate cut in May soaring to 58.9%.
Bitcoin (BTC) is up 0.24% today and trades around at $76,481 in the early Asian session after crashing 3.71% on Tuesday. While Bitcoin price slides lower, the US Treasury market is spiraling into chaos, with the 10-year yield rocketing to 4.5% and the 30-year yield hitting 5%. Some speculate this could be a $2 trillion basis trade unwind while others hint it could be China selling treasuries. Regardless of the reason, markets speculate that this could prompt the Federal Reserve to announce an emergency rate cut, which could prompt a buying spree from crypto investors, catalyzing a bullish reversal for Bitcoin’s price.
21Shares has announced its strategic collaboration with the House of Doge and prepares to launch the first Dogecoin ETP.
Highlights
21Shares has announced a strategic partnership with the House of Doge.
The partnership aims to launch the first Dogecoin ETP.
The product provides investors with exposure to Dogecoin.
Asset manager 21Shares is gearing up to launch the first Dogecoin ETP via a groundbreaking partnership with the House of Doge. Today, 21Shares announced via a press release that the DOGE ETP, backed by the Dogecoin Foundation, will be listed on SIX Swiss Exchange.
DOGE ETP Provides Exposure To Dogecoin Ecosystem, Says 21Shares President
On April 9, 2025, 21Shares announced its strategic collaboration with the House of Doge to debut the Dogecoin ETP under the ticker DOGE. Commenting on the partnership, Duncan Moir, the President of 21Shares, asserted that the Dogecoin ETP provides investors with the “most direct and accessible way to gain exposure to the Dogecoin ecosystem.”
Highlights
21Shares has announced a strategic partnership with the House of Doge.
The partnership aims to launch the first Dogecoin ETP.
The product provides investors with exposure to Dogecoin.
Asset manager 21Shares is gearing up to launch the first Dogecoin ETP via a groundbreaking partnership with the House of Doge. Today, 21Shares announced via a press release that the DOGE ETP, backed by the Dogecoin Foundation, will be listed on SIX Swiss Exchange.
DOGE ETP Provides Exposure To Dogecoin Ecosystem, Says 21Shares President
On April 9, 2025, 21Shares announced its strategic collaboration with the House of Doge to debut the Dogecoin ETP under the ticker DOGE. Commenting on the partnership, Duncan Moir, the President of 21Shares, asserted that the Dogecoin ETP provides investors with the “most direct and accessible way to gain exposure to the Dogecoin ecosystem.”
Deaton Predicts Timeline for XRP To Flip Ethereum as XRP ETF Debuts with a Bang
The recent performance of the freshly launched XRP ETF in the U.S. has given industry leaders more reason to believe XRP could overtake Ethereum, even within this year.
John Deaton, a pro-crypto lawyer and former U.S. Senate candidate, recently shared this perspective in a tweet. Specifically, he argued that XRP could dethrone Ethereum to become the altcoin market leader by the end of this year.
Deaton expressed this conviction after the inaugural XRP ETF in the U.S. recorded an impressive first-day volume of $5.43 million. This substantial turnover came despite the widespread bearish sentiment in the market, with crashing prices in the spot market and liquidations in the derivative market.
The recent performance of the freshly launched XRP ETF in the U.S. has given industry leaders more reason to believe XRP could overtake Ethereum, even within this year.
John Deaton, a pro-crypto lawyer and former U.S. Senate candidate, recently shared this perspective in a tweet. Specifically, he argued that XRP could dethrone Ethereum to become the altcoin market leader by the end of this year.
Deaton expressed this conviction after the inaugural XRP ETF in the U.S. recorded an impressive first-day volume of $5.43 million. This substantial turnover came despite the widespread bearish sentiment in the market, with crashing prices in the spot market and liquidations in the derivative market.
XRP, BTC, ETH Price Prediction as Trump cuts tariffs for all nations except China
bit coin, X RP, E there um surge after trump slashes tariffs globally except for China, boosting crypto market cap above $2.7ta mid risk-on rally.
Highlights
Trump’s tariff rollback boosts investor confidence, sparking a sharp 5.5% rise in overall crypto market capitalization.
Ripple and Ethereum outperform Bitcoin post-announcement, with both surging over 10% on high volume and breaking key resistance levels.
BTC rebounds from $74K support, riding bullish momentum toward $84,000, backed by MACD recovery and strong institutional demand
XRP, BTC, ETH price prediction: Crypto markets surge 5.5% adding 94.5 billion in market capitalization as Trump tariff reversal triggers renewed bullish momentum.
bit coin, X RP, E there um surge after trump slashes tariffs globally except for China, boosting crypto market cap above $2.7ta mid risk-on rally.
Highlights
Trump’s tariff rollback boosts investor confidence, sparking a sharp 5.5% rise in overall crypto market capitalization.
Ripple and Ethereum outperform Bitcoin post-announcement, with both surging over 10% on high volume and breaking key resistance levels.
BTC rebounds from $74K support, riding bullish momentum toward $84,000, backed by MACD recovery and strong institutional demand
XRP, BTC, ETH price prediction: Crypto markets surge 5.5% adding 94.5 billion in market capitalization as Trump tariff reversal triggers renewed bullish momentum.
US Senate Confirms Pro-Crypto Paul Atkins As SEC Chair
The US Senate has confirmed pro-crypto Paul Atkins as the next US SEC Chair, which marks a positive development for the industry.
Highlights
The US Senate 52 to 44 in favor of Paul Atkins nomination as the next SEC Chair.
Trump will sign off on Atkins' confirmation before he is finally sworn in.
Coinbase's CLO Paul Grewal congratulated Atkins on his confirmation.
The US Senate has finally confirmed Donald Trump’s nominee, Paul Atkins, as the next US Securities and Exchange Commission (SEC) Chair. This development is significant as Atkins has promised to provide regulatory clarity for the industry, which was lacking under past Chair Gary Gensler’s administration.
The US Senate has confirmed pro-crypto Paul Atkins as the next US SEC Chair, which marks a positive development for the industry.
Highlights
The US Senate 52 to 44 in favor of Paul Atkins nomination as the next SEC Chair.
Trump will sign off on Atkins' confirmation before he is finally sworn in.
Coinbase's CLO Paul Grewal congratulated Atkins on his confirmation.
The US Senate has finally confirmed Donald Trump’s nominee, Paul Atkins, as the next US Securities and Exchange Commission (SEC) Chair. This development is significant as Atkins has promised to provide regulatory clarity for the industry, which was lacking under past Chair Gary Gensler’s administration.
Bitcoin Price Today: BTC Traders deposit $1.3 Billion on Binance as BlackRock CEO Predicts “Buying Opportunity”
Bitcoin price spikes above $84K after Trump’s tariff U-turn. Traders watch $88.8K resistance as Blackrock CEO’s prediction gains validation.
Highlights
Trump’s tariff U-turn triggered Bitcoin’s strongest daily rally since March, reclaiming the $84,000 level within hours.
Binance recorded over 16,000 BTC deposits, indicating a surge in short-term positioning among traders during the turbulence.
Resistance looms at $88,800, the April 2 high, forming a critical barrier to BTC’s next milestone at $100,000.
Bitcoin rallied above $84,000 on Wednesday, jumping more than 8% within hours of Donald Trump’s surprise rollback of global tariff plans. The surge appears to validate BlackRock CEO Larry Fink’s Monday prediction that the looming economic uncertainty could create an attractive entry point for long-term investors.
Bitcoin price spikes above $84K after Trump’s tariff U-turn. Traders watch $88.8K resistance as Blackrock CEO’s prediction gains validation.
Highlights
Trump’s tariff U-turn triggered Bitcoin’s strongest daily rally since March, reclaiming the $84,000 level within hours.
Binance recorded over 16,000 BTC deposits, indicating a surge in short-term positioning among traders during the turbulence.
Resistance looms at $88,800, the April 2 high, forming a critical barrier to BTC’s next milestone at $100,000.
Bitcoin rallied above $84,000 on Wednesday, jumping more than 8% within hours of Donald Trump’s surprise rollback of global tariff plans. The surge appears to validate BlackRock CEO Larry Fink’s Monday prediction that the looming economic uncertainty could create an attractive entry point for long-term investors.
Ethereum Price On The Rise: Trump’s Surprise Move Sends ETH Up 15%
Ethereum price started a fresh increase above the $1,600 zone. ETH is now up nearly 15% and might attempt a move above the $1,680 zone.
Ethereum started a decent increase above the $1,550 and $1,600 levels.
The price is trading above $1,550 and the 100-hourly Simple Moving Average.
There was a break above a key bearish trend line with resistance at $1,470 on the hourly chart of ETH/USD (data feed via Kraken).
The pair tested the $1,680 resistance zone and might correct some gains.
Ethereum Price Jumps Over 12%
Ethereum price formed a base above $1,380 and started a fresh increase, like Bitcoin. ETH gained pace for a move above the $1,450 and $1,500 resistance levels.
Ethereum price started a fresh increase above the $1,600 zone. ETH is now up nearly 15% and might attempt a move above the $1,680 zone.
Ethereum started a decent increase above the $1,550 and $1,600 levels.
The price is trading above $1,550 and the 100-hourly Simple Moving Average.
There was a break above a key bearish trend line with resistance at $1,470 on the hourly chart of ETH/USD (data feed via Kraken).
The pair tested the $1,680 resistance zone and might correct some gains.
Ethereum Price Jumps Over 12%
Ethereum price formed a base above $1,380 and started a fresh increase, like Bitcoin. ETH gained pace for a move above the $1,450 and $1,500 resistance levels.
Bitcoin Rallies After Trump Pauses Tariff—Crypto Markets Cheer the Move
Bitcoin price started a fresh increase above the $80,000 zone. BTC is now consolidating gains and might correct some to test the $80,500 zone.
Bitcoin started a fresh increase above the $80,000 zone.
The price is trading above $80,500 and the 100 hourly Simple moving average.
There was a break above a key bearish trend line with resistance at $78,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase if it clears the $83,500 zone.
Bitcoin Price Jumps Over 5%
Bitcoin price started a fresh increase from the $74,500 zone. BTC formed a base and gained pace for a move above the $78,500 and $80,000 resistance levels.
Bitcoin price started a fresh increase above the $80,000 zone. BTC is now consolidating gains and might correct some to test the $80,500 zone.
Bitcoin started a fresh increase above the $80,000 zone.
The price is trading above $80,500 and the 100 hourly Simple moving average.
There was a break above a key bearish trend line with resistance at $78,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start another increase if it clears the $83,500 zone.
Bitcoin Price Jumps Over 5%
Bitcoin price started a fresh increase from the $74,500 zone. BTC formed a base and gained pace for a move above the $78,500 and $80,000 resistance levels.
Can Solana Price Reach $1,000 if Paul Atkins Approves Altcoin ETF in 2025?
Solana price eyes $720 after bouncing from $580 floor; ETF hopes and market catalysts boost bullish sentiment for long-term breakout.
Highlights
Trump’s tariff rollback pledge and broader macro relief sparked risk-on flows, helping Solana outperform Bitcoin and Ethereum.
Paul Atkins’ return to the SEC reignites investor confidence in altcoin ETF approvals, with Solana traders pricing 81% odds.
Strong staking metrics (64% locked) and rising network activity position Solana for asymmetric upside if ETF demand materializes.
Solana (SOL) santion tarif rebounded 15% on Thursday, climbing from an intraday low of $100 to $115, after former President Donald Trump unexpectedly pledged to roll back global tariffs if re-elected. The surprise announcement catalyzed a broader risk-on rally across U.S. equities and crypto assets, but the most significant catalyst for altcoins emerged hours later from Washington.
Solana price eyes $720 after bouncing from $580 floor; ETF hopes and market catalysts boost bullish sentiment for long-term breakout.
Highlights
Trump’s tariff rollback pledge and broader macro relief sparked risk-on flows, helping Solana outperform Bitcoin and Ethereum.
Paul Atkins’ return to the SEC reignites investor confidence in altcoin ETF approvals, with Solana traders pricing 81% odds.
Strong staking metrics (64% locked) and rising network activity position Solana for asymmetric upside if ETF demand materializes.
Solana (SOL) santion tarif rebounded 15% on Thursday, climbing from an intraday low of $100 to $115, after former President Donald Trump unexpectedly pledged to roll back global tariffs if re-elected. The surprise announcement catalyzed a broader risk-on rally across U.S. equities and crypto assets, but the most significant catalyst for altcoins emerged hours later from Washington.
Is The Bitcoin Bottom In After Trump’s Tariff Pause? Here’s What To Expect
On Wednesday, Bitcoin surged more than 8% to reach a high of $83,588 following President Donald Trump’s announcement of a 90-day pause on new reciprocal tariffs for over 75 countries, excluding China. Investors and market analysts viewed the move as a signal of relief, reflecting hopes that the rapid escalation of tariffs would abate, at least temporarily. Yet President Trump simultaneously hiked the tariff rate on China to 125%, indicating that the trade battle between the world’s two largest economies remains far from settled.
On Wednesday, Bitcoin surged more than 8% to reach a high of $83,588 following President Donald Trump’s announcement of a 90-day pause on new reciprocal tariffs for over 75 countries, excluding China. Investors and market analysts viewed the move as a signal of relief, reflecting hopes that the rapid escalation of tariffs would abate, at least temporarily. Yet President Trump simultaneously hiked the tariff rate on China to 125%, indicating that the trade battle between the world’s two largest economies remains far from settled.
Bitcoin Will Explode To $250,00 By Year-End, Predicts Cardano Founder
Charles Hoskinson, who co-founded Ethereum and now leads the Cardano blockchain, has projected that Bitcoin could reach a price of $250,000 by the end of this year or next year. His prediction, made during a CNBC interview, comes despite the recent slump in the wider financial markets including crypto.
Why Bitcoin Will Hit $250,000 Within Less Than 2 Years
Hoskinson emphasized that rising geopolitical tensions and evolving trade dynamics are creating supportive conditions for decentralized networks like Bitcoin. Speaking on a world that appears to be “moving from a rules-based international order to a great powers conflict,” he suggested this shift would highlight the limitations of traditional banking and trade systems, steering more transactions toward cryptocurrencies.
Charles Hoskinson, who co-founded Ethereum and now leads the Cardano blockchain, has projected that Bitcoin could reach a price of $250,000 by the end of this year or next year. His prediction, made during a CNBC interview, comes despite the recent slump in the wider financial markets including crypto.
Why Bitcoin Will Hit $250,000 Within Less Than 2 Years
Hoskinson emphasized that rising geopolitical tensions and evolving trade dynamics are creating supportive conditions for decentralized networks like Bitcoin. Speaking on a world that appears to be “moving from a rules-based international order to a great powers conflict,” he suggested this shift would highlight the limitations of traditional banking and trade systems, steering more transactions toward cryptocurrencies.
Toncoin (TON) is starting to make waves again, showing signs of renewed strength after successfully breaking out of a long-standing descending channel on the daily chart. This breakout marks a pivotal moment for the token, potentially signaling the end of the recent downtrend and hinting at the early stages of a fresh uptrend.
As the crypto market shows signs of renewed vigor, Toncoin appears to be positioning itself as one of the standout performers of this emerging cycle. Whether this breakout marks the beginning of a sustained uptrend or faces temporary headwinds will depend on both technical follow-through and broader market sentiment.
A Potential Uptrend In The Making
According to Profit Demon in a recent post on X, Toncoin is demonstrating significant strength by staying above the descending channel on its daily chart. This technical formation is crucial as it signals a shift in market dynamics after a period of weakness and decline.
As the crypto market shows signs of renewed vigor, Toncoin appears to be positioning itself as one of the standout performers of this emerging cycle. Whether this breakout marks the beginning of a sustained uptrend or faces temporary headwinds will depend on both technical follow-through and broader market sentiment.
A Potential Uptrend In The Making
According to Profit Demon in a recent post on X, Toncoin is demonstrating significant strength by staying above the descending channel on its daily chart. This technical formation is crucial as it signals a shift in market dynamics after a period of weakness and decline.
President Donald Trump signed his first crypto-related bill into law Thursday, formally eliminating a Biden-era IRS rule that would have required decentralized finance platforms to collect and report the same taxpayer information as traditional brokers.
The bill is, in fact, not just the first crypto-related bill made law by Trump, but also the first crypto-related bill signed by any U.S. president.
The resolution knocks down the IRS’s so-called DeFi broker rule, which was first proposed by the Biden administration in 2023.
U.S. Representative Mike Carey (R-Ohio), who attended the signing ceremony, said that by repealing the rule, the IRS now has an opportunity to "return its focus to the duties and obligations it already owes to American taxpayers."
The bill is, in fact, not just the first crypto-related bill made law by Trump, but also the first crypto-related bill signed by any U.S. president.
The resolution knocks down the IRS’s so-called DeFi broker rule, which was first proposed by the Biden administration in 2023.
U.S. Representative Mike Carey (R-Ohio), who attended the signing ceremony, said that by repealing the rule, the IRS now has an opportunity to "return its focus to the duties and obligations it already owes to American taxpayers."
Bitcoin reserve bills advance in New Hampshire, Florida
New Hampshire is now the fourth US state to see a Bitcoin reserve bill pass through one legislative chamber, while a Florida House committee has advanced a similar bill.
New Hampshire’s House and Florida’s House Insurance and Banking Committee have respectively advanced bills allowing their states to create Bitcoin reserves.
New Hampshire’s House passed its Bitcoin reserve bill, HB302, in a 192-179 vote on April 10 which will now head to the Senate. The state is now the fourth to pass a Bitcoin reserve bill through one chamber, joining Arizona, Texas and Oklahoma.
New Hampshire is now the fourth US state to see a Bitcoin reserve bill pass through one legislative chamber, while a Florida House committee has advanced a similar bill.
New Hampshire’s House and Florida’s House Insurance and Banking Committee have respectively advanced bills allowing their states to create Bitcoin reserves.
New Hampshire’s House passed its Bitcoin reserve bill, HB302, in a 192-179 vote on April 10 which will now head to the Senate. The state is now the fourth to pass a Bitcoin reserve bill through one chamber, joining Arizona, Texas and Oklahoma.
Analyst Compares Trump’s Market Impact to Obama Era as Bitcoin Sees Momentum
Bitcoin is currently trading just above $80,000, following a brief rally to $83,000 yesterday that sparked renewed investor optimism. Despite the 4.1% gain over the past day, the asset remains more than 25% below its all-time high of over $109,000 set in January.
One of the latest developments influencing the current sentiment came from US President Donald Trump, who posted, “This is a great time to buy,” shortly before a 90-day suspension on new tariffs was announced. The pause led to a sharp reaction across financial markets.
Bitcoin jumped over 10%, while the S&P 500 and NASDAQ saw daily gains exceeding 11% and 14%, respectively. According to CryptoQuant analyst Maartunn, this development mirrors a similar episode in 2009 when then-President Barack Obama encouraged long-term stock investments amid a market downturn.
Bitcoin is currently trading just above $80,000, following a brief rally to $83,000 yesterday that sparked renewed investor optimism. Despite the 4.1% gain over the past day, the asset remains more than 25% below its all-time high of over $109,000 set in January.
One of the latest developments influencing the current sentiment came from US President Donald Trump, who posted, “This is a great time to buy,” shortly before a 90-day suspension on new tariffs was announced. The pause led to a sharp reaction across financial markets.
Bitcoin jumped over 10%, while the S&P 500 and NASDAQ saw daily gains exceeding 11% and 14%, respectively. According to CryptoQuant analyst Maartunn, this development mirrors a similar episode in 2009 when then-President Barack Obama encouraged long-term stock investments amid a market downturn.