Coin overview
MOVE
Ended--
Last price (USDT)
2.87M
24h total (USDT)
4.37M
Total vol (USDT)
2024-12-05 07:00:00 ~ 2024-12-09 11:30:00
Trading time (UTC+0)
2024-12-09 13:00:00 ~ 2024-12-09 17:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
Bitcoin surpasses STH realized price for first time since February
On April 23, Bitcoin broke through the $93,000 mark, ending the day at $93,715 after struggling to stay above $90,000. This moved BTC $1,681 (1.8 %) above the short-term holder (STH) realized price of $92,034 for the first time since Feb. 25. The STH realized price tracks the average on-chain acquisition cost of coins held for fewer than 155 days, acting as a real-time barometer of sentiment among the most price-sensitive wallets. When spot trades under this threshold, active addresses sit in aggregate loss, often fueling reactive selling and dampening bid depth. Movement above it flips the cohort back into profit, eases forced distribution, and often turns their cost basis into a support zone during advancing markets. During the late-February pullback, the gap was noticeable: on Feb. 25, Bitcoin closed at $88,598 versus an STH realized price of $91,736. The drawdown deepened into early April, with April 7 printing a $79,144 close while the cohort’s cost basis held near $91,275. Even with a partial rebound by April 20, spot was still $6,444 below the still-sticky $91,536 benchmark. Graph showing Bitcoin’s realized price for short-term holders (STHs) from Jan. 1 to Apr. 24, 2025 (Source: CryptoQuant) Therefore, the breakout on April 23 neutralized nearly two months of unrealized losses. The realized price edged higher to $92,034, confirming that recent buyers are willing to pay up and raising the breakeven line for new entrants. Crossing that level also recasts the risk-reward ratio for derivatives traders, because perpetual funding turned positive this week. Sustained closes above the STH realized price historically precede multi-week advances, while swift reversals often trigger cascading liquidations. Holding the line would compress the cost-basis distribution of newer coins, blunt downside volatility, and open the door for a retest of the year-to-date high near $95,000. The post Bitcoin surpasses STH realized price for first time since February appeared first on CryptoSlate.
Movement announced the launch of the DeFi Spring program today, which will provide up to 250 million MOVE as incentives
the Movement Foundation officially announced the launch of the DeFi Spring plan today, with a duration of one year, providing up to 250 million MOVE as incentives. The DeFi Spring plan is divided into two parts: the first part is based on Move liquidity incentives, where users can earn incentives by trading or providing liquidity on Dapps such as Arche Protocol, Canopy, Echelon, Joule Finance, LayerBank, Meridian, mirage protocol, Mosaic, Movedrome, MovePosition, PicWe, Pontem Lumio, Route-X, YUZU, etc. This part of the incentives is now live; the second part is the re-deposit incentives for Cornucopia assets, with the re-deposit window opening in the next few days after the unlocking of Cornucopia assets.
Dormant Bitcoin Movements Surge by 121% in Q1 2025 Amid Sentiment Shifts
According to an on-chain analyst, the movement of dormant Bitcoins (BTC) increased by 121% in Q1 2025 compared to Q1 2024. This shift may signal that long-term investors are reacting to broader economic trends or anticipating market changes. Dormant Bitcoin on the Move: What’s Driving the Trend? In a recent post on CryptoQuant, the analyst revealed that investors moved around 28,000 dormant Bitcoins in Q1 2024. March was particularly noteworthy, with approximately 19,296 BTC moved. This was in contrast to the lower figures in January (approximately 3,034 BTC) and February (approximately 5,678 BTC). “In the first three months of 2025, more than twice the amount of long-dormant Bitcoin has been moved compared to the same period in 2024,” the post read. Dormant Bitcoin Movement. Source: OnChain School/ CryptoQuant Comparing this to the first quarter of 2025, the total amount of Bitcoin moved was notably higher. Over 62,00 BTC, dormant for over seven years, was transferred. Specifically, investors moved 24,595 BTC in January, 21,820 BTC in February, and 16,456 BTC in March. The analyst suggested that this surge in activity reflects a shift in sentiment among long-term Bitcoin holders. This shift could be driven by macroeconomic factors, evolving price expectations, or institutional liquidity demands. Notably, 2025 has proven to be a turbulent year for Bitcoin. Geopolitical shifts, rising trade tensions, and growing economic concerns have significantly impacted the market. Recently, Glassnode pointed out that Bitcoin has experienced its deepest drawdown of the cycle. In its weekly newsletter, the firm emphasized that investors are facing intense pressure. Furthermore, many are currently experiencing their largest unrealized losses ever. “Current unrealized losses are largely concentrated among newer investors, while long-term holders remain in a position of unilateral profitability. However, an important nuance is emerging, as recent top buyers age into long-term holder status, as noted, the level of unrealized loss within this cohort is likely to increase,” the newsletter read. However, Glassnode noted that BTC’s dip remains within the typical range of previous corrections seen in bull markets. Importantly, Bitcoin has also been on a recovery rally lately. Over the past week, its value has appreciated by 8.9%. Yet, daily losses stood at 2.2%. At the time of writing, BTC was trading at $92,164. The decline wasn’t isolated, as the broader crypto market also experienced a correction. BTC Price Performance. Source: BeInCrypto Meanwhile, the increased movement of dormant assets is not limited to Bitcoin. A parallel trend has emerged in the Ethereum (ETH) market. Data from Lookonchain showed that in early February, a whale deposited its entire holdings of 77,736 ETH into Bitfinex after being inactive for six years. In early April, Onchain Lens posted about an eight-year dormant whale moving 11,104 ETH worth 19.97 million. “Of this, 247.93 ETH was sent to Coinbase and 10,856 ETH to a new wallet. The whale initially withdrew ETH for $2.51 million from Kraken and Gemini, 8 years ago,” Onchain Lens added. This asset movement reflects investors’ strategic repositioning amid economic uncertainty.
Arthur Hayes predicts Treasury buybacks will drive Bitcoin beyond $110k, potentially reaching $200k
Former BitMEX CEO Arthur Hayes believes Bitcoin (BTC) is poised to rapidly climb to new all-time highs, driven by a wave of liquidity from US Treasury buybacks. In an April 23 article, Hayes argued that recent market turmoil triggered by aggressive US trade policies has created conditions similar to those that preceded previous Bitcoin rallies, with Treasury policy acting as the catalyst. Hayes cited President Donald Trump’s tariff escalation earlier this month as the catalyst for volatility in bond and equity markets. The MOVE Index, a measure of bond market volatility, surged near record levels before moderating after a swift policy reversal and a shift in Treasury strategy. According to Hayes, this pivot included a renewed focus on Treasury buybacks, a mechanism he says could serve as a backdoor source of liquidity. Treasury buybacks and the Bitcoin liquidity thesis Hayes described the Treasury’s buyback program, which involves issuing new debt to repurchase older, less liquid bonds. While the operation maintains net cash neutrality on paper, Hayes emphasized that it frees up capital for relative value hedge funds that engage in the “basis trade,” simultaneously buying cash bonds and shorting bond futures. As Treasury purchases increase the price of off-the-run bonds, hedge funds profit and reinvest, creating a reflexive loop that supports liquidity. Hayes argued that the availability of leverage to these hedge funds reduces bond market volatility and supports bond prices, enabling the US government to issue additional debt at affordable yields. He contended that the cumulative effect is a rise in the dollar supply that is not categorized as traditional quantitative easing but still benefits store-of-value assets like Bitcoin. Comparisons to previous cycles Drawing parallels to the third quarter of 2022, when then Treasury Secretary Janet Yellen used bill issuance to drain liquidity from the Reverse Repo Program (RRP), Hayes noted that Bitcoin rose nearly sixfold during the subsequent liquidity surge. He now sees a similar structural setup, as Bitcoin had rebounded from a low of $74,500 and stood poised, in his view, to revisit and breach its previous peak of $110,000. If the US deficit widens and buyback operations expand, Hayes believes Bitcoin could approach $200,000. While acknowledging that such forecasts depend on sustained liquidity conditions and policy execution, he maintained that the structural setup favors Bitcoin as a hedge against fiat debasement. Implications for altcoins Although the essay focused on Bitcoin, Hayes also suggested that once Bitcoin decisively breaks through $110,000, a rotation into altcoins could follow. The potential “Alt Season” will consist of capital flowing into tokens with sustainable cash flows and staking rewards. However, he emphasized that Bitcoin would remain the primary beneficiary of macro-driven liquidity injections in the near term. Hayes concluded that, given current Treasury strategies, the probability of continued monetary expansion is high. In such a scenario, Bitcoin’s correlation with tech stocks may break down as the asset reasserts its role as a digital alternative to gold. He argued that the monetary backdrop appears firmly aligned with Bitcoin’s ascent. The post Arthur Hayes predicts Treasury buybacks will drive Bitcoin beyond $110k, potentially reaching $200k appeared first on CryptoSlate.
Pi Network (PI) Mixed Momentum Slows Climb Toward $1
Pi Network (PI) is showing signs of stabilization after a turbulent month, gaining 4.7% over the past seven days. However, it’s still working to recover from a sharp 31.5% correction over the last 30 days. While some technical indicators like the DMI suggest rising trend strength, others—such as the CMF and EMA alignment—still point to lingering bearish pressure. With buyers and sellers currently in a tug-of-war, PI’s next move will likely hinge on whether key support or resistance levels give way first. PI DMI Shows Rising Trend Strength, but Momentum Cools PI’s Directional Movement Index (DMI) shows that its ADX (Average Directional Index) has risen to 17.17, up from 12.24 just yesterday. This increase signals that trend strength is starting to build, although it’s still below the key 20 threshold often used to identify the beginning of a strong trend. The ADX doesn’t show direction—just the strength of the current trend—so a rising ADX, even at lower levels, is typically a sign that market momentum may be picking up. PI DMI. Source: TradingView. Looking deeper into the DMI components, the +DI (Positive Directional Indicator) is currently at 25.36, up from 18.22 yesterday, though it has cooled off from a high of 33.2 just hours ago. Meanwhile, the -DI (Negative Directional Indicator) is at 18.55, down from 21.89 yesterday but slightly higher than the earlier low of 12.89. This shift suggests bullish pressure is still dominant, but some of that buying momentum has faded recently, while sellers are attempting to re-enter. If +DI stays above -DI and ADX continues rising, PI could resume its upward move. However, if the trend weakens and -DI climbs further, the price may enter a choppy or corrective phase. Pi Network CMF Slips Back Below Zero, Signaling Caution Pi Network’s Chaikin Money Flow (CMF) is currently at -0.06, after recovering from -0.09 to neutral (0) earlier today and dipping again in the past few hours. This intraday reversal may indicate weakening buying pressure after a brief surge in accumulation. The CMF measures the flow of money into and out of an asset over a given period, combining price and volume data to assess whether buyers or sellers are in control. PI CMF. Source: TradingView. A CMF value above 0 typically suggests buying pressure, while a value below 0 points to selling pressure. With PI’s CMF at -0.06, the current reading leans slightly bearish, indicating that sellers are currently exerting more influence than buyers. The failed push into positive territory, followed by a dip, may reflect hesitation from bulls and the potential for short-term price weakness. However, if CMF stabilizes and turns positive again, it could support a continuation of upward momentum. PI EMA Lines Still Bearish as Key Supports Come Into Play Pi Network’s exponential moving average (EMA) lines remain in a bearish alignment, with short-term averages still positioned below the longer-term ones. This setup typically reflects ongoing downward pressure and a lack of strong bullish momentum. If the support at $0.617 is tested and fails to hold, PI price could slide to $0.59. PI Price Analysis. Source: TradingView. Should that level break as well and the downtrend gain strength, the next key support is at $0.547 — a level that could act as a deeper floor if selling continues. On the upside, a reversal and the formation of a sustainable uptrend could change the outlook. If PI can gain enough strength to test and break the resistance at $0.789, the next upside target would be $0.85. A confirmed breakout beyond that could open the path toward $1.04, which would mark the first time the price trades above $1 since March 23.
Arthur Hayes New Article: Bitcoin to Return to “Gold Tier” Safe Haven, Altseason to Potentially Follow
Original Title: Ski Cut Original Author: Arthur Hayes, BitMEX Founder Original Translation: AIMan, Golden Finance For me, the Hokkaido ski season ended in mid-March this year. However, the lessons learned from the mountain are still applicable to President Trump's "Tariff Tantrum." Every day is different, with too many variables interacting—no one knows which snowflake or which turn of the ski will trigger an avalanche. The best we can do is estimate the probability of triggering an avalanche. One technique for more accurately assessing slope instability is a ski cut. Before heading downhill, one skier in the team will traverse the starting zone, performing up-and-down jumps to try to trigger an avalanche. If successful, the way the avalanche propagates on the slope will determine if the guide deems the slope safe for skiing. Even if an avalanche is triggered, we can still ski, but we must carefully choose our ski direction to avoid triggering consequences worse than loose powder slides. If we see cracks or large sheets of snow fracturing, it's time to get out. The key is to try to quantify the worst-case scenario based on current conditions and take appropriate action. President Trump's self-proclaimed April 2nd "Day of Liberation" was a ski-cut-like reduction on the steep and dangerous side of the global financial markets. Trump's tariff policy team drew inspiration from a trade economics book titled "Balanced Trade: The Unbearable Cost of America's Trade Deficits" and took an extreme stance. The announced tariff rates were worse than even the worst-case estimates of mainstream economists and financial analysts. In avalanche terms, Trump triggered a sustained weak layer avalanche, threatening to destroy the entire fugazi (derived from the Vietnam War-era U.S. military, meaning something fake) portion of the dirty fiat financial system. The initial tariff policy represented the worst outcome as both the U.S. and China took extreme stances, pitting each other against. Despite the severe turbulence in financial asset markets, leading to trillions of dollars in global losses, the real issue was the rise in U.S. bond market volatility (measured by the MOVE index). The index surged to a historical high of 172 points intraday, after which the Trump team retreated from the danger zone. Within a week of announcing the tariff policy, Trump softened his plans and halted the additional tariffs on all countries except China for 90 days. Subsequently, Boston Fed Governor Susan Collins wrote in the Financial Times that the Fed was ready to do everything possible to ensure market functioning. However, volatility remained stubbornly high. Finally, U.S. Treasury Secretary Scott spoke to Bloomberg and declared to the world that his department was massive, especially as it could significantly increase the speed and scale of debt repurchases (see Golden Finance's previous report "Arthur Hayes: I Believe BTC Could Reach $250,000 by Year End Due to U.S. Treasury Dominance of the Fed"). I describe this series of events as policymakers shifting from "everything is fine" to "everything is terrible, we need to act," the market surges, and most importantly, Bitcoin finds a bottom. Yes, everyone, I predict $74,500 is a local low. Whether you describe Trump's policy changes as a retreat or a shrewd negotiation strategy, the result is the government deliberately triggering a financial market collapse, and the situation is so serious that they adjusted the policy a week later. Now, as a market, we know some things. We understand what will happen in the worst-case scenario bond market turmoil, we recognize the level of volatility that triggers behavioral changes, and we also know what currency levers will be used to mitigate this situation. Leveraging this information, we as Bitcoin holders and cryptocurrency investors know that the bottom has been reached because the next time Trump amplifies tariff rhetoric or refuses to reduce tariffs on China, Bitcoin will rise as people anticipate monetary officials running the printing press at full tilt to ensure bond market volatility remains low. This article will explore why taking an extreme stance on tariffs leads to dysfunction in the bond market (measured by the MOVE index). Then, I will discuss the solution proposed by U.S. Treasury Secretary Bessent—bond repurchases—and how it will inject a significant amount of USD liquidity into the system, even though technically buying old bonds with newly issued bonds does not increase USD liquidity in the system. Lastly, I will discuss why the current state of Bitcoin and the macroeconomic environment is similar to the situation in the third quarter of 2022 when Yellen, Bessent's predecessor, raised bond issuance levels to deplete the Reverse Repurchase Plan (RRP). Bitcoin hit a local low after touching FTX in the third quarter of 2022, and now, following Bessent's introduction of his "non-quantitative easing" quantitative easing policy, Bitcoin hit a local low in the second quarter of 2025 amid this bull market cycle. The Greatest Pain I want to reiterate that Trump's goal is to reduce the U.S. current account deficit to zero. Rapidly achieving this goal requires a painful adjustment, and tariffs are his government's usual trick. I don't care whether you think this is good or not, nor do I care if Americans are ready to work over 8 hours in an iPhone factory. Part of the reason Trump was elected is because his supporters believed that globalization had hurt them. His team was single-minded about fulfilling their campaign promise, saying they would prioritize "Main Street" over "Wall Street." All of this was predicated on those around Trump being able to secure re-election through this path, but that's not a done deal. The reason the financial markets crashed on Liberation Day is that if foreign exporters earn fewer or no USD, they cannot buy as many or any U.S. stocks and bonds. Additionally, if exporters have to change their supply chains or even rebuild them domestically in the United States, they must fund part of the rebuilding by selling their liquid assets, such as U.S. bonds and stocks. That's why the U.S. market and any market overly reliant on U.S. export income collapsed. At least in the initial stages, the primary hope was that fear-driven traders and investors would flock to the U.S. Treasury market. Treasury prices would rise, yields would fall. The 10-year Treasury yield saw a significant drop, which was good news for Bessent as it helped him push more bonds into the market. However, the sharp price swings in bonds and stocks exacerbated market volatility, spelling doom for certain types of hedge funds. Hedge funds, hedging... sometimes, but always with a heavy dose of leverage. Relative Value (RV) traders typically identify relationships or spreads between two assets, and if the spread widens, they use leverage to buy one asset and sell another, expecting mean reversion. In general, most hedge fund strategies implicitly or explicitly bet against market volatility at a macro level. When volatility decreases, mean reversion occurs. When volatility rises, things go haywire, and the stable "relationship" between assets breaks down. That's why risk managers at banks or trading platforms offering leverage to hedge funds increase margin requirements when market volatility rises. When hedge funds receive a margin call, they must close out positions immediately, or else face liquidation. Some investment banks are happy to bankrupt clients during periods of high market volatility through margin calls, take over the bankrupt clients' positions, and profit when policymakers inevitably print money to suppress volatility. What we're really concerned about is the relationship between stocks and bonds. Since U.S. Treasuries are nominally risk-free assets and also global reserve assets, when worldwide investors flee the stock market, U.S. Treasury prices rise. This makes sense because fiat must be present to earn a return, and the U.S. government, thanks to its ability to effortlessly print money, will never willingly default in dollar terms. The actual value of Treasuries may decline, and indeed it does, but policymakers aren't concerned with the actual value of all the junk fiat assets flooding in from around the globe. In the days following the "day of liberation," the stock market fell, and bond prices rose/yields fell. Then, something happened: bond prices and the stock market simultaneously dropped. The 10-year Treasury yield experienced unprecedented back-and-forth swings not seen since the early 1980s. The question is, why? The answer, or at least what policymakers believe the answer to be, is of utmost importance. Is there a structural issue in the market that must be fixed by the Fed and/or Treasury through some form of money printing? From Bianco Research, the bottom shows the abnormality of the 3-day change in the 30-year bond yield. The extent of the change triggered by tariff panic is akin to market volatility during financial crises such as the 2020 COVID-19 pandemic, the 2008 global financial crisis, and the 1998 Asian financial crisis. This is not a good sign. The RV Fund's Treasury Bond Basis Trade position may be liquidated, which is a concern. What is the size of this trade? February 2022 is crucial for the U.S. Treasury market as President Biden has decided to freeze the holdings of Treasury bonds by Russia, the world's largest commodity-producing country. This effectively signifies that property rights are no longer a right for anyone but a privilege. As a result, overseas demand continues to wane, but the RV Fund, as a marginal buyer of U.S. Treasuries, has filled this gap. The chart above clearly shows the increase in repo positions, which can be seen as a representation of the scale of basis trades within the market. · Basis Trade Overview: A Treasury Bond Basis Trade involves buying a cash bond and simultaneously selling a bond futures contract. The margin impact from banks and trading platforms is crucial. The RV Fund's position size is limited by the cash amount required as margin. Margin requirements will vary based on market volatility and liquidity factors. · Bank Margin: To obtain the cash needed to purchase bonds, the fund engages in repurchase agreement (repo) trades. Banks agree to pay a small fee, provide upfront cash, awaiting settlement with purchased bonds as collateral. Banks will require a certain amount of cash margin as collateral for the repo. The greater the bond price fluctuation, the higher the margin required by banks. The poorer the bond's liquidity, the more margin banks will need. Liquidity is always concentrated at certain tenors of the yield curve. For the global market, the 10-year Treasury bond is most crucial and also the most liquid. When the latest 10-year Treasury is auctioned, it becomes the "on-the-run" 10-year bond, the most liquid bond. Over time, it moves further away from the liquidity center, becoming "off-the-run." As time progresses, the on-the-run naturally becomes off-the-run, increasing the cash amount needed for repo trades while awaiting basis collapse. Essentially, in periods of high market volatility, banks are concerned that if they need to liquidate bonds, prices will fall too quickly, and liquidity will not be enough to absorb their market sell orders. Therefore, they will increase margin requirements. · Futures Trading Platform Margin: Each bond futures contract is set at an initial margin level that determines the cash margin amount required per contract. This initial margin level will fluctuate with market volatility. The focus of a trading platform is its ability to close out positions before exhausting its initial margin. The faster the price fluctuates, the more challenging it is to maintain solvency; therefore, when market volatility intensifies, margin requirements also increase. · Fear Elimination: The impact of basis trading on the bond market and the financing methods of major participants have always been hot topics in the bond market. The Treasury Borrowing Advisory Committee (TBAC) in its Quarterly Refunding Announcement (QRA) has provided data confirming the following statement: Starting in 2022, the marginal buyers of U.S. Treasuries have consistently been RV hedge funds engaging in such basis trading. Below is a link to a detailed paper submitted to the Commodity Futures Trading Commission (CFTC) based on data provided by the TBAC since April 2024. A recursive market event chain amplifies in a terrifying manner in each cycle, as outlined below: 1. As bond market volatility increases, RV hedge funds will need to deposit more cash with banks and trading platforms. 2. At a certain point, these funds will be unable to meet additional margin call requirements and must liquidate positions simultaneously. This involves selling spot bonds and repurchasing bond futures contracts. 3. As market makers reduce the size of their quoted spreads to protect themselves from the impact of adverse one-way flows, liquidity in the spot market decreases. 4. As liquidity and prices both decline, market volatility further increases. Traders are well aware of this market phenomenon, and both regulators themselves and their financial journalist lackeys have been issuing warning signals about it. Therefore, as bond market volatility escalates, traders front-run forced selling by buying ahead, exacerbating downward pressure and causing the market to collapse faster. If this is a known source of market stress, what policies could the U.S. Treasury Department implement internally to maintain funding (i.e., leverage) flowing to these RV funds? Treasury Repo Several years ago, the U.S. Treasury Department initiated a bond repurchase program. Many analysts speculate about the future, considering how this may nurture or incentivize certain money-printing behaviors. I will outline my theory on the impact of repos on the money supply. But first, let's understand how the program operates. The Treasury Department issues new bonds and uses the proceeds to repurchase off-the-run bonds with lower liquidity. This causes the value of off-the-run bonds to rise, potentially even exceeding fair value, as the Treasury Department becomes the largest buyer in the illiquid market. RV funds will see a narrowing of the basis between off-the-run bonds and bond futures contracts. Basis Trading = Long Cash Bond + Short Bond Futures Due to the expectation that the Treasury will buy bonds, the long cash bond price will rise along with the old bond price. Therefore, the RV fund will lock in profits by selling higher-priced old bonds and closing out its short bond futures contracts. This frees up valuable funding for banks and trading platforms. Since the RV funds are profitable, they will directly engage in basis trading at the next government bond auction. With price and liquidity increasing, the volatility of the bond market will decrease. This reduces the fund's margin requirement and allows it to hold larger positions. This is the best embodiment of pro-cyclical reflexivity. Knowing that the Treasury is providing more leverage to the financial system, the market will now relax. Bond prices rise; all is well. US Treasury Secretary Besset boasted about his new tool in an interview because theoretically, the Treasury can engage in unlimited repo operations. Without congressional approval of spending bills, the Treasury cannot issue bonds at will. However, the essence of repo is that the Treasury issues new bonds to pay off old debt, and the Treasury has already issued new bonds to repay the principal of maturing bonds. As the Treasury buys and sells bonds with a primary dealer bank in the same name, the cash flow of this transaction is neutral, so it does not need to borrow from the Fed to conduct repos. Therefore, if reaching the repo level can alleviate market concerns about a collapse in the bond market and lead to the market accepting lower yields on bonds not yet issued, the Treasury will wholeheartedly engage in repos. It can't stop and won't stop. Explanation of Treasury Bond Supply Besset is well aware that the debt ceiling will be raised at some point this year, and the government will continue to spend more recklessly. He also knows that Elon Musk's pace of cutting expenses through his Department of Government Efficiency (DOGE) is not fast enough due to various structural and legal reasons. Specifically, Musk's estimate of spending cuts for this year has dropped from an expected $1 trillion per year to a negligible $150 billion (taking into account the massive scale of the deficit). This leads to an obvious conclusion: the deficit may actually widen, forcing Besset to issue more government bonds. Currently, as of March in the 25 fiscal year, the deficit exceeds the 24 fiscal year's deficit for the same period by 22%. Let's believe Musk for now—I know some of you would rather burn a Tesla while listening to Grimes' song than believe—the effort has only been two months. More worrisome is the uncertainty surrounding the intensity and impact of tariffs on businesses, coupled with the stock market decline, which will lead to a significant drop in tax revenue. This will point to a structural reason that even if DOGE succeeds in cutting more government spending, the deficit will continue to expand. Deep inside, Besset is worried that, due to these factors, he will have to revise upward his borrowing expectations for the remainder of the year. With the upcoming deluge of government bond supply, market participants will demand a substantial increase in yields. Besset needs the RV fund to increase its exposure, utilize maximum leverage, and completely corner the bond market. Therefore, a repo is imperative. The positive impact of a repo on USD liquidity is not as direct as central bank money printing. Repos are neutral for both the budget and supply, allowing the treasury to repo unlimitedly to create massive RV purchasing power. Ultimately, this enables the government to fund itself at sustainable rates. The more debt is issued, the more that debt is not purchased with private savings but with leverage funds created through the banking system, the greater the expansion of the money supply. And as we know, when the fiat supply expands, the only asset we want to own is Bitcoin. Let's go! Obviously, this is not an infinite source of USD liquidity. The amount of unissued government debt available for purchase is limited. However, repos are a tool that can help Besset alleviate short-term market fluctuations and provide funding for the government at sustainable levels. This is the reason for the decline in the MOVE index. As the government bond market stabilizes, concerns about the collapse of the entire system also arise. Same Scenario I liken this trading strategy to the strategy of the third quarter of 2022. In the third quarter of 2022, a "righteous" white boy like Sam Bankman-Fried (SBF) went bankrupt; the Fed was still hiking rates, bond prices were falling, yields were rising. Yellen needed to find a way to stimulate the market so she could use a red-soled stiletto to open the market's throat and excrete the bonds without inducing vomiting. In short, just like now—due to the transition of the global monetary system, increased market volatility—this is a terrible time to increase bond issuance. RRP Balance (White) vs. Bitcoin (Gold) Like today, but for different reasons, Yellen couldn't count on the Fed to ease monetary policy, as Powell was busy participating in his Paul Volcker-inspired teetotaler juggling act. Yellen, or some clever aide, correctly deduced that the excess funds in RRP held by money market funds could be attracted into the leveraged financial system by issuing more U.S. treasuries, which these funds are happy to hold as the yields are slightly higher than RRP. This allowed her to inject $2.5 trillion of liquidity into the market from the third quarter of 2022 to early 2025. During this period, the price of Bitcoin surged nearly 6x. This sounds like a rather optimistic scenario, but people are panicking. They know that high tariffs and the Chi-Merica divorce are not good for stock prices. They see Bitcoin as nothing but a high-beta version of the Nasdaq 100 index. They are bearish, not believing that a seemingly harmless buyback plan can increase future dollar liquidity. They are standing by, waiting for Powell to ease policy. He cannot directly ease policy or implement quantitative easing like his predecessors as Fed chairs from 2008 to 2019. Times have changed, and the burden of Treasury printing has grown heavier. If Powell truly cares about inflation and the long-term strength of the dollar, he would eliminate the effect of the actions taken by the Treasury under Yellen and now under Benson. But he did not do so then, and he won't do it now; he will be scrambling in the chair's seat, being manipulated. Just like in the third quarter of 2022, people believe that after hitting a cyclical low around $15,000, Bitcoin may fall below $10,000 due to a series of unfavorable market factors stacking up. Some now believe that the Bitcoin price will drop below $74,500, falling below $60,000, signaling the end of the bull market. Yellen and Benson are not messing around. They will ensure the government gets funds at tolerable rates and suppress volatility in the bond market. Short-term Treasury issuance by Yellen exceeds long-term issuance, injecting limited RRP liquidity into the system; Benson will repurchase old debt with new debt issuance and maximize the RV fund's ability to absorb the increased bond supply. Neither of these is a quantitative easing policy that most investors are familiar with or endorse. Therefore, they turn a blind eye to it and will have to chase the price once Bitcoin confirms the breakout. Verification For a repurchase to have a net stimulative effect, the deficit must continue to rise. On May 1, we will learn about the upcoming borrowing plans and how they compare to previous estimates through the U.S. Treasury's Quarterly Refunding Announcement (QRA). If Benson needs to borrow more or is expected to borrow more, it means that tax revenue is expected to decline; thus, with spending remaining constant, this will result in an expanded deficit. Then, in mid-May, we will receive the official deficit or surplus data for April from the Treasury, including actual data on tax receipts from April 15. We can compare the year-over-year change to date in FY25 and observe whether the deficit is widening. If the deficit increases, bond issuance will increase, and Benson must do everything possible to ensure the risk mitigation fund can increase its basis trade position. Trading Strategy When Trump was skiing, the steep slope suddenly dropped, triggering an avalanche. Now, we finally know the pain or fluctuation level (MOVE Index) that the Trump administration can withstand before implementing any policy to alleviate any market perception that would negatively impact the fiat financial system cornerstone. This will trigger a policy response, the effects of which will increase the USD fiat supply available to purchase U.S. Treasuries. If the increase in repo frequency and scale is not sufficient to calm the market, then the Fed will eventually find a path to easing. They have already said they would. Most importantly, they reduced the rate of quantitative tightening (QT) at the recent March meeting, which is favorable for USD liquidity prospectively. However, besides quantitative easing, the Fed can do more. Here is a brief list of procedural policies that are not quantitative easing but can enhance market absorption of new Treasury issuances; one of which may be announced at the May 6-7 Fed meeting: Exempting U.S. Treasuries from the supplementary leverage ratio (SLR) requirement for banks. This allows banks to use unlimited leverage to purchase Treasuries. Implementing 'QT Reversal,' which involves reinvesting funds from maturing Mortgage-Backed Securities (MBS) into newly issued Treasuries. The Fed's balance sheet remains the same size, but this will bring $35 billion of monthly marginal buying pressure to the Treasury market for the next few years until all MBS outstanding expires. The next time Trump presses the tariff button — and he will to ensure other countries respect his authority — he will be able to demand more concessions, and Bitcoin will not suffer as much as some stocks. Bitcoin knows that given the current and future insane levels of indebtedness required to keep the dirty fiat financial system running, a deflationary policy cannot be maintained in the long run. The collapse of Sharp Mountain World (referring to the financial markets) ski resort triggered a secondary market avalanche, which could have quickly escalated to a five-level, the highest level. But the Trump team quickly responded, changed the course, and pushed the empire to another extreme. The foundation of the avalanche was crystallized U.S. dollar bills provided by U.S. Treasury repo, solidified by the driest, wettest 'pow pow.' Now is the time to climb difficultly from a backpack full of uncertainties to transitioning to jumping off a powdery pillow, cheering on how high Bitcoin will soar. As you can see, I am very bullish on Bitcoin. At Maelstrom, we have already maximized our cryptocurrency exposure. Now, it's all about accumulating Bitcoin by trading different cryptocurrencies. During the downturn when the Bitcoin price dropped from $110k to $74.5k, the highest buying volume was for Bitcoin. Bitcoin will continue to lead the market as it is a direct beneficiary of more USD circulation brought in for mitigating the impacts of the U.S.-China decoupling in the future. Today, the international community sees Trump as a madman wildly wielding tariff weapons, and any investors holding U.S. stocks and bonds are looking for something counter-systemic. Tangibly, that's gold. Digitally, that's Bitcoin. Gold has never been seen as a high-beta version of U.S. tech stocks; therefore, as the overall market crashed, it performed well as the oldest anti-establishment financial hedge tool. Bitcoin will break free from its association with U.S. tech stocks and rejoin gold in the "only goes up" camp. What about the Shitcoins, though? Once Bitcoin breaks its previous all-time high of $110,000, it is likely to surge, further solidifying its dominance. Maybe it won't reach $200,000. Then, Bitcoin starts to rotate into shitcoins. The rise of shitcoins (AltSzn: Chikun), let's go! Aside from those shiny new shitcoin metadata, the best-performing tokens are those that both earn profits and give back profits to stakers. Such projects are few and far between. Maelstrom has been working diligently to accumulate positions in some qualified tokens and has not yet completed purchases of these gems. They are gems because they, like all other shitcoins in the recent sell-off, have been hit hard, but unlike 99% of shit projects, these gems actually have paying customers. With a large token supply and the token launched on CEX in Down Only mode, convincing the market to give your project another chance is impossible. Shitcoin divers are looking for higher staking APYs where rewards come from actual profits since these cash flows are sustainable. To market our product, I will write a comprehensive article introducing some of these projects and why we believe their cash flows will continue to grow in the near future. So before that, turn the truck around and buy everything! Original Article Link
Bitcoin Nears $90,000 Amid Institutional Accumulation
Key Points: Price nearing $90,000, with institutional backing and technical support. Institutional confidence reflected in MicroStrategy’s recent purchase. Potential further gains if psychological resistance is breached. Bitcoin Nears $90,000 Amid Institutional Accumulation Bitcoin is approaching the $90,000 mark as of April 22, 2025, trading above $88,000 and showing strong momentum. Bitcoin’s Price Movement Bitcoin’s price reached about $89,000, supported by an almost 3% rise and strong institutional backing. MicroStrategy’s purchase of 6,556 BTC added to the confidence in this rally. Traders are closely monitoring key resistance levels and potential breakthroughs. Institutional Influence Michael Saylor of MicroStrategy announced a purchase of 6,556 BTC for $555.8 million, boosting market confidence. CryptoQuant’s Julio Moreno remarked on potential price tests at $91,000-$92,000, highlighting challenges ahead. MicroStrategy announced… that it had acquired 6,556 BTC for $555.8 million, continuing its strategy of accumulating Bitcoin. *– Michael Saylor, CEO, MicroStrategy* Despite Bitcoin’s climb, its price faces resistance at several critical levels, including the $90,000 psychological barrier. Institutional interest, evidenced by significant ETF inflows, highlights strong market support and potential for overcoming obstacles. Market Influences and Predictions ETF inflows bolster market optimism, with over $381 million entering on April 21, 2025. Macro factors, such as political shifts and Federal Reserve independence, could influence Bitcoin’s trajectory. Potential regulatory and market outcomes suggest substantial volatility. However, analysts predict continued growth if current trends persist. Kretov warns of enduring volatility due to macroeconomic conditions affecting stability. Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.
Galaxy Digital Moves $105M Worth of ETH to Binance as it Withdraws $98M In SOL
Galaxy Digital deposits 65,600 ETH worth $105.48M to Binance. Galaxy Digital withdraws 752,240 SOL valued at $ 98.37 M. ETH’s price is at $1,624.40, and Solana’s is at $139.47, both showing slight declines. Galaxy Digital has made significant moves recently. In the past two weeks, the firm has deposited a substantial amount of Ethereum into Binance and, at the same time, withdrawn a large quantity of Solana from the same exchange. This shift has caught the attention of market observers as it appears Galaxy Digital is reallocating its digital asset portfolio. Massive ETH Deposit to Binance and SOL Withdrawal from Binance Lookonchain disclosed through X that Galaxy Digital moved 65,600 Ethereum worth about $105.48 million to Binance. The substantial Ethereum transfer generates scrutiny about the company’s future approach towards Ethereum. It seems that Galaxy Digital is selling $ETH and buying $SOL ! In the past 2 weeks, Galaxy Digital deposited 65,600 $ETH ($105.48M) to #Binance and withdrew 752,240 $SOL ($98.37M) from #Binance . https://t.co/lD8tgkC4Py pic.twitter.com/olcPWNnGq2 — Lookonchain (@lookonchain) April 22, 2025 The transfer signifies either Galaxy Digital reinvests its holdings for different uses or plans for future growth across the whole cryptocurrency discipline. Ethereum serves as a fundamental block in the digital asset marketplace because its smart contracts and extensive adoption make it key for the market. At the same time, Galaxy Digital withdrew a notable sum of Solana from Binance. The amount totaled 752,240 SOL, worth $98.37 million. SOL has become one of the more central players in the blockchain space, honored for its scalability and low transaction fees. Galaxy Digital’s decision to pull a large amount of Solana indicates that the firm might be making strategic adjustments, potentially moving assets to other platforms or wallets. Ethereum and Solana Current Price Movement According to CoinMarketCap, the Ethereum market shows a $1,624.40 value alongside $196.08 billion market capitalization that has decreased by 0.49%. The current trading volume for Ethereum exceeds $15.93 billion while experiencing a 32.92% spike within the previous day. The current circulating amount of Ethereum stands at 120.71 million ETH. Source: CoinMarketCap On the other hand, Solana’s price is $139.47, experiencing a slight decline of 0.18%. Its market performance is tracked alongside Ethereum, which is represented by the contrasting blue and red lines. The chart indicates that Ethereum has had higher volatility and price fluctuations compared to Solana, with the price shifts for both assets over time presented visually. Galaxy Digital’s recent transactions are right in line with the firm’s active portfolio management strategy. This could indicate the change of priorities to move from ETH to $SOL or to take advantage of a growth opportunity in the Solana ecosystem. Despite these pros, Galaxy Digital’s previous action indicates we have to revisit their freshwater now.
Bitcoin Breaks Above $90,000 After 7 Weeks – What’s Next?
Bitcoin (BTC) broke above the $90,000 mark for the first time since March 5, as momentum indicators flash increasingly bullish signals. The latest surge comes alongside a sharp rise in ADX, a bullish Ichimoku Cloud formation, and EMA alignment favoring continued upside. With buying pressure outweighing selling activity and ETF inflows hitting a three-month high, market sentiment is leaning in favor of the bulls. If resistance is breached, BTC could open the path toward $100,000, reinforcing its role as a hedge amid broader market uncertainty. Bitcoin Bulls Regain Control as ADX Signals Strengthening Uptrend Bitcoin’s Directional Movement Index (DMI) is signaling a significant shift in momentum, with its ADX rising sharply to 29.48 — up from just 15.3 two days ago. The ADX, or Average Directional Index, measures the strength of a trend regardless of its direction. Readings below 20 indicate a weak or sideways market, while values above 25 suggest a strong trend is forming. With ADX now nearing 30, the current move is gaining traction, confirming that a clearer directional trend is taking hold. BTC DMI. Source: TradingView. Looking deeper into the DMI components, the +DI (positive directional indicator) currently stands at 30.99 — nearly doubling from 15.82 two days ago, though slightly down from its 37.61 peak yesterday. This suggests that while buying pressure surged recently, it has eased slightly in the last 24 hours. Meanwhile, the -DI (negative directional indicator) has dropped sharply to 10.86 from 22.48, indicating a clear weakening of selling pressure. The combination of a strong ADX and a high +DI versus a declining -DI implies that bulls are currently in control. If the trend holds, Bitcoin may continue its upward trajectory in the short term. Bitcoin Trend Strengthens With Clear Bullish Momentum Signal Bitcoin’s Ichimoku Cloud chart is showing clear bullish signals. Price action is well above the Kumo (cloud), indicating strong upward momentum. The cloud itself has flipped from red to green, signaling a transition from bearish to bullish sentiment. The Tenkan-sen (blue line) remains above the Kijun-sen (red line), reinforcing the short-term bullish bias. The gap between them continues to widen, a sign of strengthening momentum. BTC Ichimoku Cloud. Source: TradingView. Additionally, the future cloud (Senkou Span A and B) is angled upward. This suggests that the bullish trend could persist if current conditions hold. The Chikou Span (green lagging line) is also positioned above the price candles and the cloud, confirming trend alignment from a lagging perspective. Together, these elements point to a healthy uptrend, with no immediate signs of reversal unless a strong breakdown below the Tenkan-sen or the cloud emerges. Bitcoin Eyes New Breakouts as Bullish Momentum Builds Bitcoin’s EMA lines are bullish, with short-term averages positioned above the longer-term ones, signaling strong upward momentum. Bitcoin’s price is approaching a key resistance level at $92,920. A breakout above this zone could open the door for further gains. If buying pressure intensifies, a potential target of $96,484 could be reached, as Bitcoin ETFs are registering their biggest net inflows in three months. The current structure suggests that bulls remain in control, as long as support levels are respected and upward momentum persists. According to Tracy Jin, COO of crypto exchange MEXC, Bitcoin’s recent performance has been reviving its label as “digital gold”: “Bitcoin’s recent strength in the face of market-wide volatility is reviving its long-dormant status as a “digital gold.” With U.S. equities slipping back to tariff-era lows and the dollar plunging to a three-year nadir, Bitcoin’s ability to post gains is reshaping investor perception.” Jin told BeInCrypto. BTC Price Analysis. Source: TradingView. However, if the trend loses strength and a reversal takes place, Bitcoin could face a short-term pullback toward the support at $88,800. A break below this level would weaken the structure and increase the chances of deeper corrections. The next key areas to watch are $86,532 and $83,133.
Movement Announces Third-Party Review of Previous Market Maker Abnormalities
According to Odaily, the Movement Network Foundation has announced a third-party review of the abnormalities with external market makers. The Foundation has commissioned Groom Lake, a professional intelligence agency in the digital asset field, to carry out this review. Upon completion, the Foundation will release the findings and the measures to be taken. Previously, on March 25, the Movement Network Foundation stated that it received a notification from Binance on March 11. A market maker was suspected of inappropriate actions involving multiple tokens, including the MOVE token. The market maker allegedly sold off a large number of tokens after the MOVE TGE, violating its obligation to provide bilateral liquidity support. The Foundation was unaware of this and, upon learning of it, immediately severed ties with the market maker, informed other trading platforms, and assisted Binance in the investigation. The Foundation stated that it has recovered the related funds and plans to use the recovered $38 million for open market repurchase of MOVE, establishing the "Movement Strategic Reserve" fund.
Cardano (ADA) Indicators Show a Potential Golden Cross Forming
Cardano (ADA) is up 4% on Monday, trying to hit $0.65, showing signs of renewed bullish momentum. Technical indicators are beginning to align in favor of buyers, with the BBTrend turning positive for the first time in days and the DMI signaling strengthening upward pressure. ADA is also nearing a potential golden cross formation on its EMA lines, which could further support a breakout if resistance levels are cleared. With momentum building and key levels in sight, Cardano is entering a critical zone that could define its short-term direction. Cardano Shows Early Signs of Recovery as BBTrend Turns Positive Cardano BBTrend has just flipped back into positive territory at 0.11, following four straight days in the negative zone. This shift, though subtle, may be the first sign of momentum stabilizing after recent weakness. BBTrend, or Bollinger Band Trend, is a technical indicator that gauges the strength and direction of a trend based on how wide or narrow the Bollinger Bands are. When the bands begin to expand and BBTrend moves into positive values, it often suggests growing volatility in favor of an emerging bullish trend. On the other hand, prolonged negative readings typically signal fading momentum and a lack of directional strength. ADA BBTrend. Source: TradingView. While a BBTrend of 0.11 is still low and not yet signaling a strong uptrend, the fact that it turned positive marks a potential inflection point. It suggests that selling pressure may be fading and the price could be entering a recovery phase if buying activity increases. This early uptick in BBTrend often precedes a broader move. Traders will likely be watching closely to see if this positive shift is sustained in the coming sessions, as continued gains in BBTrend could indicate the beginning of a more defined upward move for ADA. Cardano Buyers Regain Control as Uptrend Shows Early Strength Cardano Directional Movement Index (DMI) is showing a notable shift in momentum, with its Average Directional Index (ADX) climbing to 17.79, up from 13.77 yesterday. The ADX measures the strength of a trend, regardless of its direction, on a scale from 0 to 100. Values below 20 suggest a weak or non-existent trend, while readings above 25 typically confirm that a trend is gaining strength. ADA’s ADX is still below the 20 threshold but rising steadily—indicating that momentum is building and a stronger directional move could soon take shape. ADA DMI. Source: TradingView. Looking deeper, the +DI (positive directional indicator) has jumped to 26.38 from 16.30 just a day ago, signaling increased buying pressure. Although it has slightly pulled back from an earlier peak at 29.57, it remains firmly above the -DI (negative directional indicator), which has dropped significantly from 22.72 to 13.73. This widening gap between the +DI and -DI suggests a clear shift in favor of bulls, with buyers regaining control after a brief period of selling pressure. If the ADX continues to rise alongside a dominant +DI, it could confirm a strengthening uptrend for Cardano. Cardano Nears Golden Cross as Bulls Eye Breakout—but Key Support Still in Play Cardano price is approaching a potentially bullish technical development, as its EMA lines suggest a golden cross may form in the coming sessions. A golden cross occurs when the short-term moving average crosses above the long-term moving average, often signaling the start of a stronger uptrend. If this crossover is confirmed and ADA manages to break above the resistance at $0.668, the next upside targets sit at $0.709 and $0.77—levels not seen since late March. ADA Price Analysis. Source: TradingView. However, if ADA fails to maintain its upward trajectory and the momentum fades, downside risks remain in play. A drop back toward the $0.594 support would be the first sign of weakness, and a breakdown below that level could expose the asset to deeper losses, with $0.511 as the next key support zone. Price action around the $0.668 resistance will likely be the deciding factor.
Cryptocurrency Market Experiencing "Choppy Accumulation": XRP Bandwidth Indicator Dips Below Annual Threshold, Whale Holdings Movement Suggests Shift
Original Title: XRP Resembles a Compressed Spring Poised for a Significant Price Move as Key Volatility Indicator Mirrors 2024 Patterns Original Author: Omkar Godbole Original Translation: Daisy, Mars Finance XRP resembles a compressed spring, ready for a significant price move, as a key volatility indicator mirrors patterns from 2024. A technical indicator based on standard deviation suggests XRP and BTC may be in for another round of intense volatility. Key Points: The price action of XRP and Bitcoin appears like a compressed spring, signaling a potential major price swing. The Bollinger Bandwidth of these two cryptocurrencies has dropped to the lowest level since October 2024, indicating a buildup of market energy. While a contracting Bollinger Band may suggest an uptrend, it could also precede a sell-off, as seen after the FTX crash in October 2022. The price trajectories of XRP and Bitcoin (BTC) resemble a tightly compressed spring that could unleash energy and see a rebound at any moment. This signal comes from a key volatility indicator—the Bollinger Bandwidth. Bollinger Bands are volatility ranges set based on an asset's 20-period moving average (SMA) with an upper and lower boundary of two standard deviations (±2σ). The bandwidth measures the space between these ranges as a percentage of the 20-day moving average. On XRP's 4-hour candlestick chart (each candle representing 4 hours of price action), the Bollinger Bandwidth has narrowed to the lowest level since October 2024. The 4-hour candlestick is popular in the 24/7 cryptocurrency market, with traders often using it to analyze and predict short-term price movements. Bitcoin's 4-hour candlestick chart also shows a similar Bollinger Bandwidth pattern to XRP. The long-standing market consensus is that a narrowing Bollinger Bandwidth (reflecting a period of market calm) is like a compressed spring, often signaling a significant market movement on the horizon. During these periods of market calm, energy continues to accumulate, and once the direction is clear, it will be released dramatically, often leading to a sharp price increase or decrease. The sharp rise of XRP and Bitcoin in November to December 2023 occurred after a long period of sideways movement, with the Bollinger Bands narrowing to a level similar to the current one. However, narrowing of the bands does not always signal a bullish trend; it can also precede a sell-off. For example, in October 2022, the Bollinger Bands narrowing foretold a significant volatility, and the subsequent FTX collapse caused a steep market decline. It is currently uncertain whether this "spring compression" will trigger a bullish move or lead to a downward spiral for these two tokens. Federal Reserve Chairman Jerome Powell's recent hawkish comments and the sell-off behavior of some whales lean more towards the latter. Stay vigilant! XRP and BTC with Bollinger bandwidth. (TradingView/CoinDesk) Original Article Link
Tokenised stocks may reach $1 trillion as demand rises in 2025
Tokenised stocks could surpass $1 trillion in market capitalisation in the coming years, driven by rising institutional demand and broader adoption, according to executives speaking at the TokenizeThis conference in New York. Arnab Naskar, CEO of STOKR, described the potential market as “definitely a bigger trillion-dollar market,” highlighting the growing interest in tokenised real-world assets (RWAs) among financial institutions and technology firms. Anna Wroblewska, Chief Business Officer at Dinari, noted that in 2025, demand for the instruments has exploded from institutions ranging from Web3 wallets to neobanks to traditional financial services firms. “We’ve had an enormous influx of demand from a much broader scope of potential partners than you might even imagine [...] it’s actually been really interesting,” she added. Currently, tokenised stocks represent a small segment of the RWA sector, with a cumulative market capitalisation of about $350 million as of April 18, 2025, according to RWA.xyz. This is a fraction of the overall RWA market, which is valued at over $18 billion. Despite their modest market share, executives believe tokenised stocks could capture a larger portion of the US equities market, which is valued at more than $50 trillion. “There is a huge appetite for US public equities... even individual investors globally want exposure to US capital markets. Tokenisation makes it fast and cheap,” Wroblewska explained. Tokenised US Treasury Bills have also gained traction, with nearly $6 billion in market cap, reflecting similar demand for efficient access to traditional assets. Coinbase is reportedly considering the launch of tokenised shares of its stock on Base, its Ethereum (CRYPTO:ETH) layer-2 network, as part of the broader trend toward tokenisation in financial markets. Colin Butler, global head of institutional capital at Movement Labs, estimated that tokenised RWAs could represent a $30 trillion market opportunity worldwide. “Tokenisation will become a mirror of the market. If the user experience is better, faster, and cheaper, people will default to tokenised assets,” he stated.
Ethereum’s Calculated Price Movement: A Breakout or Further Downtrend on the Horizon?
Ethereum’s price has been holding steady in recent weeks, with a current trading price around $1,595. Although it hasn’t experienced any dramatic shifts, it appears to be demonstrating resilience amidst a broader crypto market still recovering from a volatile April. Ethereum has managed to avoid further breakdowns, showing signs of stabilization that suggest the selling pressure may be weakening. An examination of the daily chart reveals that the ETH price has spent the past few sessions moving sideways in a tight range. This kind of compression often precedes a larger movement, and traders are closely watching for any signs that this move will be upwards or downwards. The daily chart depicts Ethereum as consolidating after a multi-week downward trajectory. The price is just below a cluster of major moving averages — including the 50-day, 100-day, and 200-day SMAs, which are currently acting as overhead resistance. These lie well above the current price, around the $1,880 to $2,768 zone. As long as Ethereum trades below these, the long-term trend remains bearish, but momentum appears to be shifting. Interestingly, the Accumulation/Distribution Line (ADL) is ticking upward again, hinting that larger players might be slowly accumulating ETH at current levels. This divergence between price and ADL suggests that selling pressure is weakening, and that a breakout may only need the right catalyst. If ETH breaks above the $1,650 range, it could accelerate toward $1,800 before testing those heavier resistance zones above. A closer look at the hourly chart provides more insight into short-term sentiment. Ethereum has been trading in a tight horizontal channel between $1,585 and $1,600 for the past couple of days. Despite brief intraday wicks on both ends, the price has respected these boundaries with minimal volatility. Looking at the hourly MA ribbon, ETH is between the 20, 50, and 100-hour SMAs, which are all within close range. These moving averages have started flattening, indicating that momentum is neutral. The ADL on the hourly timeframe remains stable, reflecting a balance between buying and selling activity — not enough to spark a trend, but enough to show that traders haven’t lost interest. If buyers manage to push ETH price above the $1,605–$1,610 range with volume, that would be a strong signal that bulls are taking back control. Conversely, a drop below $1,580 would suggest bears are still in charge. The current tight range of Ethereum could be a sign that a breakout is near. In the short term, traders are watching the $1,610 level as the first hurdle. A break above this could send ETH toward $1,650, where it would face more serious resistance from the higher moving averages. If this momentum continues and ETH sustains above $1,700, a retest of $1,880 becomes possible. However, if Ethereum price loses its grip on the $1,580 support, the price could slip toward $1,520, with $1,460 being a deeper support zone. Despite the broader downtrend still holding weight, the current consolidation and climbing ADL suggest a growing possibility of a bullish reversal — especially if macro conditions remain stable. Ethereum is at a technical crossroads. It’s showing early signs of strength after a prolonged decline, but hasn’t yet confirmed a bullish breakout. The daily chart shows a possible accumulation phase, and the hourly chart reflects strong support, but the market needs a clear move above $1,610 to shift short-term momentum decisively in favor of the bulls. Investors and traders should monitor this zone closely. A break with volume could kickstart a rally toward $1,800. But patience is key — until ETH price clears these levels, this remains a watch-and-react scenario rather than a jump-in-now moment.
Tokenized Stocks Could Reach $1 Trillion, According To Industry Experts
Tokenization of stocks, still a modest segment, could see spectacular growth in the coming years. According to several industry leaders, this market is expected to surpass a $1 trillion market capitalization in the medium term, driven by growing institutional interest. Spectacular Growth Ahead for Tokenized Stocks At the TokenizeThis conference in New York, two industry leaders shared their optimistic vision for the future of tokenized stocks . On April 16, Arnab Naskar, CEO of STOKR, stated that the addressable market for tokenized stocks represents “certainly a market exceeding one trillion dollars“. This outlook is confirmed by Anna Wroblewska, commercial director of Dinari, who notes that in 2025, demand for these financial instruments truly “exploded” among many institutions. We have received a significant influx of requests from a very diverse range of players, from Web3 wallets to neobanks, as well as traditional financial institutions. The U.S. stock market, valued at over $50 trillion according to Siblis Research, represents a prime target for tokenization. “Investors worldwide want access to American stocks. Tokenization offers them this possibility quickly and at a lower cost“, explains Wroblewska. Significant Growth Potential Despite Modest Current Capitalization As of April 18, according to RWA.xyz, tokenized stocks total approximately $350 million in capitalization, a fraction of the real-world assets tokenized (RWA) market estimated at more than $18 billion. Tokenized stocks account for only a fraction of the total RWA market. Source: RWA.xyz Several indicators nevertheless suggest accelerating adoption. Coinbase , a major cryptocurrency exchange platform, plans to offer its own shares in tokenized form on Base, its Ethereum layer 2 network. In a broader vision, Colin Butler, head of institutional capital at Movement Labs, estimates that tokenized real-world assets represent a $30 trillion market opportunity globally. “The tokenization will become the natural reflection of the traditional market. If the user experience is better, faster, and less expensive, investors will naturally turn to tokenized assets“, concludes Anna Wroblewska, highlighting the transformative potential of this technology for the future of finance.
Key Trading Data: MOVE Index Continues to Decline to 114
According to market information, the MOVE index has been continuously declining since this Monday and has now dropped to 114.64, far from the 140-point threshold for Federal Reserve liquidity suggested by Arthur Hayes. Previously, Arthur Hayes stated that if the MOVE index breaks 140, the Federal Reserve may resume liquidity measures.
US May Recognize Crimea as Russia in Peace Effort
US signals openness to recognizing Crimea as Russian territory. Move could mark a major step toward Ukraine-Russia peace. Peace and global stability often fuel bullish sentiment for Bitcoin. A Surprising Turn in the Ukraine-Russia Conflict In a significant geopolitical development, reports suggest that the United States may be prepared to recognize Crimea as part of Russia as part of a broader move to broker peace in the Ukraine conflict. This potential policy shift marks a dramatic change in the West’s stance since Russia annexed the region in 2014. While the details remain unofficial, the implications are huge—not just for global politics, but also for financial markets and crypto. Why This Could Be Bullish for Bitcoin Geopolitical stability often plays a key role in influencing investor behavior. Periods of war and conflict create uncertainty, leading to risk-off sentiment across global markets. In contrast, steps toward peace can ignite optimism, restore investor confidence, and stimulate capital flow into alternative assets like Bitcoin . Bitcoin, often seen as a hedge against uncertainty, has historically benefited during times of economic instability. However, peace-driven stability—especially in such a high-stakes conflict—can also support bullish momentum by lifting macro sentiment and reducing global risk aversion. Moreover, with a potential end to the war, economies across Europe and beyond may see relief from inflationary pressures driven by the conflict, further encouraging capital into digital assets. 💥BREAKING: USA IS READY TO RECOGNIZE CRIMEA AS RUSSIA'S IN HUGE UKRAINE PEACE MOVE PEACE = BULLISH FOR #BITCOIN ! pic.twitter.com/Gk4FsN9uCm — Crypto Rover (@rovercrc) April 19, 2025 The Bigger Picture for Crypto Markets Should this move lead to a genuine peace agreement between Ukraine and Russia, it could set a new tone for global cooperation, opening the door for stronger market conditions and reduced geopolitical tension. For Bitcoin, which thrives in both crisis and confidence, this could mean smoother growth, renewed interest from institutional investors, and less regulatory distraction driven by war-related economic concerns. While it’s too early to say how quickly such a recognition would materialize—or whether it will at all—the fact that it’s on the table is a strong signal of shifting priorities and potential global easing. Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
Movement Foundation to Delay Cornucopia Unlock
On April 17, it was announced that the Movement Foundation tweeted that the Cornucopia unlock will be delayed for a few days to improve the reward distribution mechanism. Funds, however, remain in a secure state at present. Details of the unlock and new incentives will be announced soon. Cornucopia aims to guide liquidity to the Movement ecosystem and DeFi applications. After users deposit relevant assets into the vault, they undergo an 8-week lock-up period. During this lock-up period, withdrawing will result in the loss of all MOVE rewards.
Is Solana About to Recover? Analyzing On-Chain MEME Whale Movement
Original Article Title: "Local Frenzy or Full Recovery? Data Analysis of Solana Chain MEME Whale Activity and Market Divergence" Original Article Author: Frank, PANews The MEME market seems to have heated up once again, starting in mid-March, with Fartcoin starting to rebound from its low, experiencing an approximately 349% increase over about a month, reaching a peak total market value of nearly 9.85 billion US dollars. At the same time, the on-chain activity of MEME whales has also attracted attention, with some whales investing millions of dollars in Fartcoin, RFC, and other MEME coins, leading to a rapid increase in related token market values. Behind these movements, on April 11, the number of active addresses on the Solana chain once again surpassed 5.1 million, nearing the peak level seen in January. The minor outbreak of this MEME market rally, is it a return of the MEME bull market or a speculative resurgence in a boring market environment? PANews conducted data analysis on the large holder addresses of several recently surging MEME coins in hopes of finding some clues. Fartcoin Analysis: Whale Entry in Mid-March, Average Cost Around $0.62 Firstly, after observing several previously high market cap tokens, PANews found that this round of MEME frenzy is not universal but rather concentrated in a few specific tokens. Most of the MEME tokens that previously had market caps over a billion (such as Trump, BONK, WIF, POPCAT) are still in a decline or bottoming phase. Among the tokens observed by PANews, except for Fartcoin, the other tokens are either new coins created in the past 1 to 2 months or tokens that have been lukewarm since their issuance. Here are several tokens observed by PANews: RFC, Fartcoin, ALCH, GOHOME, DARK, House, FAT. The token selection criterion is a market cap ranging from 10 million to over 100 million US dollars, with tokens that have experienced significant increases or rebounds in the past 1 to 3 months. Among these, RFC has seen the largest increase, with a maximum increase of 54 times in the past month. The leading token of this round is Fartcoin, which, after hitting a low on March 10, began a new upward trend. Its market cap once reached 9.48 billion US dollars, once again becoming the leader of the MEME trend. Analysis of the first-time purchase time of whales reveals that the collective entry time of whales in this round started from mid-March and continued until April 10, with whale entry maintaining an upward trend. Fartcoin Whale Entry Time Distribution In terms of cost, the initial purchases of the top 1000 whales are mostly concentrated between $0.2-$0.6 and $0.6-$0.9. Looking at the Fartcoin chart, the percentage of whales still trapped above $1 is relatively small. Overall analysis shows that the current holding whales mostly entered the market after the price low on March 12. Fartcoin Whale Holding Cost Distribution In total, the average holding cost of Fartcoin whales' initial purchases is about $0.62. Based on the current price of $0.844, these new whales have an average profit margin of about 36%. 23% of Addresses Have Cross-Asset Holdings, DARK and RFC Replay the Same Story Looking at the overall picture, by comparing the top 1000 whale holders of these tokens, it is found that 23% of whale addresses hold at least 2 or more different tokens. Among them, the most held token by whales is DARK, a token with the shortest creation time, but 116 whales hold this token repeatedly. Next, RFC has the highest number of repeat occurrences, reaching 110 times. Fartcoin has recently received high market attention and also has the highest market value among the analyzed tokens, but it has only appeared 76 times in repetitions. However, according to PANews analysis, the reason for this may be that Fartcoin's market value has already risen to a relatively high level, and many large holders have exited or switched tokens. As specific historical information of whale holdings at a particular time cannot be tracked, we currently cannot provide a definitive answer. However, from the analysis of RFC and DARK, it seems that these two tokens have a somewhat similar storyline. First of all, let's look at the candlestick chart trends of the two. Apart from the difference in creation time, the trends, including pullback patterns, tend to be similar. Furthermore, the data on whale holdings of these two tokens are also quite similar, both being above 110. In a more detailed analysis, PANews observed that there are 75 addresses simultaneously holding the DARK and RFC tokens, which is the largest number in the whale holding combinations. The next is the Fartcoin and House combination, with 35 addresses simultaneously holding these two tokens. Looking further into the timing of these addresses holding RFC and DARK simultaneously, most whale addresses initially bought these two tokens on April 13th and April 14th, respectively. From the perspective of the candlestick chart trends, April 13th was precisely the date of RFC's rapid surge, with a one-day increase of 65% and a swing of 107%. On April 14th, DARK saw a similar market movement, with a one-day increase of 80% and a swing of 218%. This significant surge one after another appears to be a coordinated pumping action. Whale First Purchase Distribution Date of RFC Whale First Purchase Distribution Date of DARK Of course, it is worth noting that the market value of RFC reached as high as $138 million, while DARK's peak market value was only $23 million. It seems that the whales behind these tokens are not the absolute dominant force in the market, or the whales' expectations for these two tokens are not the same. Therefore, it cannot be assumed that DARK will replicate RFC's market value. Additionally, tokens such as Fartcoin and House or DARK and House appear frequently in whale holdings. “Artificial Bull” Embraces MEME Culture and AI In the overall data, the total holding amount of these whale addresses with repeated holdings in these 7 tokens is approximately $100 million (excluding holdings by major exchanges such as Gate, Bitget, Raydium), accounting for 8.47% of the market value of these tokens. As of early April 16, these tokens have also experienced a certain degree of pullback. Among them, FAT has retraced by 72.51% from its peak, House has retraced by 50%, with an overall average retracement of 37.12%. Among them, only ALCH has seen a smaller retracement, which, from its nature, is the only AI-related token with practical applications. However, from a cyclical perspective, ALCH may just happen to be in a phase of market rotation without entering a selling cycle. Behind this MEME rotation surge, there seems to be some traces of an artificial MEME bull market. KOL @MasonCanoe stated on Twitter that the whale address responsible for the rise in RFC is associated with addresses that have engaged in market-making activities for previous tokens such as TRUMP, VIRTUAL, LIBRA, and is also associated with several addresses that were early stakeholders in RFC. Based on this, @MasonCanoe believes that the pump in RFC is by no means accidental and may be a signal of careful positioning by large funds. From a data perspective, MEME on Solana's blockchain does seem to be once again capturing market attention under the impetus of some whales. However, since this driving effect cannot benefit all MEME tokens, it can only be judged by tracking the real-time dynamics of these main funds. Additionally, from the classification of several tokens, tokens with cat, dog, and frog themes seem to have not occupied a significant position in the recent surge, mainly with AI and MEME culture tokens showing outstanding performance. Overall, this recent MEME craze on Solana's blockchain has not blossomed across the board but has been highly concentrated on a few specific tokens, with Fartcoin as the leader attracting a large number of new high-net-worth individuals who entered the market in mid-March. Of greater note is the fact that behind the trends of RFC and DARK, two highly similar tokens, there are numerous overlapping whale addresses holding both tokens, with their main buying times concentrated around the sharp surges on April 13 and 14, strongly implying possible coordinated actions or main fund rotation behavior. This surge seems to be not purely a result of organic market behavior but carries traces of an "artificial bull market," and whether this "artificial rain" can evolve into natural capital inflows is still to be observed. Original Article Link
Movement co-founder Rushi Manche denies rumors of resignation.
Today, Blockworks reported that Movement Co-Founder Rushi Manche has temporarily left the company, with multiple sources claiming that Rushi's personal account was once removed from the company's Slack group. In response, Rushi posted several updates on X to refute the rumors, first sharing a screenshot proving that he is still in the company's Slack group, then explaining that his absence from internal company meetings was due to attending events in Asia. Rushi also accused Blockworks of unethical false reporting.
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