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Bitcoin sell-off: 19k holders flee amid Trump trade war

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President Trump’s ‘Liberation Day’ tariffs yesterday wiped roughly $140 billion from the cryptocurrency market within a matter of hours. Notably, the announcement of the new duties being imposed caused an immediate sell-off from short-term Bitcoin (BTC) holders. To be more precise, short-term traders sold a total of 18,930 Bitcoins in the immediate aftermath of the trade war’s latest chapter, per a chart shared on April 3 by noted crypto chart researcher Ali Martinez on X. The multicolored Spent Output Age Bands (SOAB) chart delineates liquidations based on position age. Traders who had been holding Bitcoin for one to three months sold 3,113 BTC, while those who had been holding for three to six months sold slightly less of the cryptocurrency — 2,737 Bitcoins, to be exact. Picks for you WhiteBIT Nova surpasses 1 million transactions   ...
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Coinbase CEO Brian Armstrong Says US Economy Wins if Stablecoin Laws Allow Users To Earn On-Chain Interest

Coinbase CEO Brian Armstrong says the US economy would benefit if Congress adopts stablecoin legislation that allows users to earn on-chain interest. In a new post on the social media platform X, Armstrong says dollar-backed stablecoins are growing in popularity and could yield increased benefits for users as well as the US with changes to the law. As US lawmakers debate stablecoin legislation, Armstrong says the government should legalize on-chain interest for users. “Stablecoins have already found product market fit by digitizing the dollar and other fiat currencies, but we haven’t unlocked a critical piece of the puzzle for the average person, and the US economy, to reap the full benefits: on-chain interest… ‘On-chain interest’ is the ability of a stablecoin to function as a form of payment and directly deliver interest earned on reserve assets to the stablecoin holder, effectively an interest-bearing checking account.” Armstrong...
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FTX Estate To Begin Paying Major Creditors With $11,400,000,000 in Cash Reserves: Report

The bankrupt crypto exchange FTX is reportedly primed to begin paying its main group of creditors at the end of May. Business restructuring lawyer Andrew Dietderich said in court last week that the payouts are scheduled to begin on May 30th, Bloomberg reports. FTX will use its $11.4 billion cash reserves, which were amassed after the crypto exchange went down, to reimburse major creditors. FTX classifies its main creditors as individuals and institutions that had millions of dollars stashed in the platform prior to its collapse. Meanwhile, smaller creditors categorized in FTX’s “Convenience Class” started receiving distributions in February, per a press release from the exchange. In October, a US bankruptcy court greenlit FTX’s plan to distribute between $14.7 billion and $16.5 billion worth of payouts to the crypto exchange’s former customers. The plan calls for 98% of the exchange’s creditors to receive approximately 119% of the value of thei...
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Top Selling NFTs This First Week Of April – DeFi Dungeons Top In Sales

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The global non-fungible token market has started the new month of April 2025 healthy and strong after experiencing negative growth in trading sales volume in the past several weeks. In the past 24 hours, the non-fungible token market has amassed a trading sales volume of $14 million. During this time, the NFT trading sales volume has surged by 46% from the past day. Below, we have listed some of the most-selling NFT collections this first week of April 2025: 1. DeFi Dungeons NFT Collection Defi Dungeons, a non-fungible token collection from the DeFi Dungeons, a fantasy idle RPG powered by the Solana blockchain network, is the top-selling NFT collection this first week of April 2025. In the past 24 hours, the DeFi Dungeons NFT collection has amassed a trading sales volume of $1.5 million. It has a market capitalization of over $5 million and a floor price of $466. 2. Taproot Wizard NFT collection Taproot Wizards, a renowned non-fungible token collection from the Quantum Cats NF...
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Exploring the Jelly Short-Squeeze Incident: Are Centralized Exchanges Really Superior to Hyperliquid?

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Author | Xian Rang Interviewee: Shawn, Developer of Hyperliquid Ecosystem LSD Project The recent Jelly short-squeeze incident involving Hyperliquid has sparked widespread industry discussion and debate. While some critics have taken the opportunity to accuse Hyperliquid, others have sided with centralized exchanges like Binance and OKX, advocating their supposed superiority. In response, the Xian Rang team conducted an in-depth discussion with Shawn, a developer working on an LSD project within the Hyperliquid ecosystem. Topics discussed included Hyperliquid's technical architecture and current status, the vulnerabilities exposed by the Jelly incident and potential improvements, the fairness of KOLs attacking Hyperliquid while siding with centralized exchanges, and future trends within the exchange sector. Below is the transcript of the conversation: 1. Wuyue: Could you briefly introduce yourself? Shawn: I entered the blockchain industry in 2017, focusing primarily on technology, i...
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Crypto market erases $100 billion in 24 hours

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Though the trading days since March 11, and particularly since March 23, brought renewed hope for cryptocurrency investors with, for example, Bitcoin (BTC) rallying nearly 10% within two weeks, the 24 hours between Thursday and Friday moved the needle back into fear. The 24 hours leading up to press time on March 28 generated a 3.70% market-wide crash that ensured the total market capitalization of digital assets plummeted by just over $100 billion to $2.71 trillion. Total cryptocurrency market capitalization 24-hour chart. Source: TradingView The valuation and price drop has been accompanied by a new shift in the ‘Fear & Greed Index,’ per the data retrieved by Finbold from CoinMarketCap . Specifically, investor sentiment hit 12-month lows earlier in March, only to enter a sharp recovery in more recent sessions. Picks for you Crypt...
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Congress Members' Top 3 Stock Picks Revealed

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Congress stock picks are getting a lot of attention right now, especially as more and more elected officials seem to be investing in tech and biotech companies. Recent data actually shows that members are betting big on NVDA (NVIDIA), AVGO (Broadcom), and AMGN (Amgen) – and these congress stock picks have been delivering some pretty impressive returns. At the time of writing, these political stock strategies have consistently outperformed the broader market, which is why many retail investors are keeping an eye on government investments for potential guidance. Also Read: Ripple: How High Will XRP Rise In Q2 2025? Find Out Which 3 Stocks Congress Members Are Betting Big On Source: Watcher Guru 1. NVDA: AI Computing Giant Source: quiverquant.com NVIDIA is currently leading the congress stock picks with its dramatic growth from near-zero to over $140 by early 2025. Nancy Pelosi, for instance, invested between $250,001 and $500,000 in 50 NVDA call options with an $80 strike price that will...
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French Investor's 580 BTC Buy Sees 709.8% ROI

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A French investor’s Bitcoin purchases have been making headlines lately, with The Blockchain Group recently acquiring 580 BTC for approximately €47.3 million. This rather bold Bitcoin investment strategy has now positioned the company as Europe’s leading Bitcoin treasury operation, delivering some truly extraordinary returns that many analysts didn’t see coming. Also Read: Bank of America Revises Gold Price Forecast: Check the New Target How Smart Bitcoin Investments Lead to Massive Returns & Growth Source: Watcher Guru The Blockchain Group’s Strategic Bitcoin Accumulation The Blockchain Group, which is currently based in Puteaux, France, and also listed on Euronext Growth Paris, announced on March 26 that it acquired 580 BTC through its subsidiary. The Bitcoin purchase was made at an average price of around €81,550 per Bitcoin, increasing their total holdings to about 620 BTC, which at the time of writing is valued at roughly €50.5 million. Alexandre Laizet, dep...
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Top Selling NFTs This Week – Penguins & Bored Ape Top In Sales

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The global non-fungible token market has experienced a short uptick this week, marked by a surge in floor price values and trading sales volume. In the past seven days, notable NFT collections like the Bored Ape Yacht Club, CryptoPunks and Pudgy Penguins NFTs have seen their NFT floor prices and sales volume rise +10%. In this article, we have listed some of the top-selling NFT collections this week: 1. Bored Ape Yacht Club NFT Collection Bored Ape Yacht Club, a globally acknowledged non-fungible token collection from the digital asset firm Yuga Labs, featuring a fixed set of 10,000 NFTs hosted on the Ethereum network, is this week’s most-traded NFT collection. In the past 24 hours, the Bored Ape Yacht Club NFT collection has amassed a trading sales volume of $598,080. It has a market cap of $300 million and a floor price of $30,121. 2. Pudgy Penguins NFT Collection Pudgy Penguins, another globally acknowledged from the digital asset firm Igloo featuring a fixed supply of 8,88...
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