Author: John Smith
Swiss francs and gold have become some of the best safe-haven assets as the stock and bond market turmoil continues. The USD/CHF exchange rate tumbled to 0.8100 on Friday, 12% below its highest point in 2024. This performance has made the Swiss franc one of the best-performing currencies this year. The Swiss franc’s performance was the polar opposite of the U.S. dollar’s, which tumbled to 2018 lows. Its performance is primarily due to Switzerland’s neutrality and banking secrecy laws, which have always made it a haven. The Swiss National Bank (SNB) is a major investor in U.S. markets and holds…
The second week of April saw a significant acquisition: Ripple, which offers enterprise blockchain products on the XRP Ledger, purchased Hidden Road for $1.25 billion. According to data from Crypto Fundraising, the deal helped push the week’s total funding to… Source link
The NFT market is feeling the impact of the broader crypto slump, with sales volume decreasing by 4.7% to $94.7 million. According to data from CryptoSlam, this is a continued downward trend from the previous week’s $102.8 million. The drop extends beyond just sales volume, with NFT buyers plummeting by 77.9% to 128,244, and NFT sellers falling by 75.2% to 85,792. NFT transactions have also declined by 6.3% to 1,441,009. The downward momentum coincides with Bitcoin (BTC) dropping to the $83,000 level. At the same time, Ethereum (ETH) has lost 13.5% of its value in the last seven days and…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Chinese companies are leading the AI arms race. Chinese politician and computer scientist Lou Qinjian said as much, recently commending DeepSeek for their accomplishments: “DeepSeek adheres to an open-source approach and promotes the widespread application of AI technology globally, which contributes Chinese wisdom to the world,” he said. “Through the rise of companies like DeepSeek, we can see the innovation and inclusiveness of China’s technological development.” In February, at the Artificial Intelligence Action Summit in Paris, US…
This week, the declining crypto market capitalization and large swings in Bitcoin’s price have influenced the top-performing picks: Hyperliquid, Curve DAO, and Fartcoin. These three tokens have rallied between 25% and 100% in the past seven days. Crypto market capitalization now stands at $2.711 trillion, up 2% in the last 24 hours. Bitcoin’s market cap has climbed 2% since the beginning of April 2025. Bitcoin (BTC) dominance has been in an upward trend throughout April, likely delaying the onset of an altcoin season in this cycle. Bitcoin’s flashcrashes failed to influence a few altcoins, Hyperliquid (HYPE), Curve DAO (CRV), and…
Sonic token has caught the eye of traders after a powerful bullish move from support. With price now consolidating under key resistance, the next breakout could be just around the corner—here’s what the chart is telling us. Sonic (S) token has shown some serious momentum lately, catching the attention of traders with a powerful bullish engulfing candle. With price now grinding against key technical levels, the next few moves could be crucial in determining whether we see continuation—or signs of a reversal. Key points: Strong bullish engulfing candle from the value area low and daily support at $0.39 Price consolidating…
Ethena Labs has partnered with Chainlink, Harris & Trotter, Chaos Labs and LlamaRisk, to launch proof of reserves for its synthetic dollar stablecoin. Chainlink (LINK) and the other firms joined Ethena (ENA) Labs’ initiative as the stablecoin’s proof of reserves attestors. The collaboration will help enhance transparency for the Ethena USD token. “Compared to our monthly custodian reports, Proof of Reserves offers more frequency, independent oversight, and a design that’s secure, extensible, and trustless by default,” Athena Labs said in an announcement. PoR will allow access to anyone, with these available via the protocol’s “Transparency” page. USDe proof of reserves…
On Friday, April 11, U.S. stock markets showed resilience, recovering from earlier losses driven by escalating trade tensions and inflation worries. U.S. stocks climbed despite early week volatility, as consumer sentiment dropped and 10-year Treasury yields rose, while investors digested new tariff developments in the U.S.-China trade dispute. The S&P 500 gained 1.81% after fluctuating throughout the day. The Nasdaq Composite also swung between gains and losses before finishing up 2.0% while the Dow Jones Industrial Average jumped over 1.5%. Bitcoin (BTC) briefly traded above $84,000 before settling at $83,796 at the time of writing. Caution as the markets look…
Despite previous disasters, Pump.fun has brought back its livestreaming feature for all users. Despite previous controversies, livestreaming on Pump.fun is back. On April 11, Solana-based (SOL) Pump.fun relaunched its livestreaming service for 100% of its users. This time, the feature will come with a stricter moderation policy to curb harmful conduct. The feature was first taken down in November, when traders tried to outdo each other for attention by pulling increasingly extreme stunts. Several livestreamers rugged their memecoins or bragged about past rug pulls live on air. For instance, a trader called NoHandsNoRug kept his hands hidden on camera, only…
Bitcoin has been showing signs of life after a recent bounce, but it’s heading straight into heavy local resistance. With a crucial breakout or breakdown looming, this region could define the next major trend. Bitcoin (BTC) has had a decent bounce after establishing a key swing low, but now it’s pressing into a critical resistance zone that could decide its next big move. In this breakdown, we’ll look at why this region matters, the confluences lining up, and what to expect next — whether it breaks out or continues the trend lower. Key technical points: Price is approaching a major…