Bitcoin (BTC) is up 3.38% in the past 12 hours, attempting to recover from Friday’s brutal correction. Technical and on-chain data show why BTC price revisiting of the all-time high of $111,959.5 or a push higher toward $120,000 is unlikely. Why BTC Price Climbing to $120,000 is Unlikely? In the long run, Bitcoin (BTC) setting up an ATH beyond $120,000 is highly likely as the higher timeframe outlook is largely bullish. On a lower timeframe, the BTC price remains bearish due to three critical signals: Technicals suggest a potential reversal or a short-term correction is due. Whales holding between 100K to 1M BTC are reducing their stack. Blockchain data shows clear profit-taking activity. These key developments suggest that a short-term pause or a pullback is highly likely here for BTC price. Bitcoin’s Weekly Chart Flashes Bearish Swing Failure Pattern The weekly candlestick close shows Bitcoin (BTC) price breached the previous… Read More at Coingape.com
WEEX, the world’s leading cryptocurrency trading platform, made an impressive appearance at TOKEN2049 in Dubai. As a platinum sponsor of the event, WEEX not only showcased its global strategy and product portfolio at the main venue but also hosted a grand Open Day event at its Dubai studio before the conference. The event attracted over 300 guests on-site, with more than 3,000 registrations.
TOKEN2049, one of the most influential industry events in the global crypto ecosystem, attracted thousands of blockchain professionals, investors, tech experts, and industry leaders from around the world. At the conference, WEEX shared forward-looking insights on topics such as technological innovation, user security, and industry trends, releasing key platform strategies and attracting numerous attendees for discussions. Particularly in the “Demo Trading Competition”, participants experienced the advantages of up to 400x leverage and a wide range of trading pairs. The event exceeded expectations in terms of participation, further validating the platform’s trading execution efficiency and depth.
WEEX Vice President Andrew Weiner was also invited to speak on the main stage of TOKEN2049, delivering a speech titled From 500 Million to 5 Billion: What Sets WEEX Apart. He stated: “Our appearance at TOKEN2049 is not just to showcase the platform’s strengths, but also marks the accelerated implementation of WEEX’s global strategy. We will continue to expand globally and build a more resilient and localized platform through innovative services and regulatory advancements.”
On the eve of the event, WEEX hosted an Open Day at its Dubai studio, inviting global KOLs, key partners, and community representatives to celebrate together. The Open Day, initially planned for 100 attendees, saw over 300 participants. WEEX’s Head of Business, Thomas, delivered a speech, highlighting the platform’s rapid growth milestones, innovation, and strategic collaborations with partners. He mentioned, “Since our founding, we have built a platform based on trust and efficient trading from the ground up. Our user base has exceeded 6 million, daily trading volume surpasses $5 billion, and we currently offer over 1,700 trading pairs. We will continue to expand our ecosystem and attract more users to join us.”
During the Open Day, WEEX also prepared trophies for KOLs and partners who have supported the platform since its inception, in recognition of their outstanding contributions to the platform’s development, further strengthening the collaboration. Some KOLs at the event shared their experiences and insights on working with WEEX, reflecting on key moments of mutual growth.
Currently, WEEX is committed to driving local operations and international collaboration. To better serve global users, the platform will continue to deepen its market presence, enhance service capabilities, and expand its reach to ensure sustainable growth and development worldwide. Since its inception, WEEX has expanded its operations in over 170 countries and regions globally.
Looking ahead, WEEX will continue to focus on key global markets, leveraging technological innovation, asset protection, and localized services to build dual defense of user trust and platform strength. Together with global partners, WEEX will lead the development of the next generation of crypto trading platforms and contribute to the sustainable growth of the global cryptocurrency industry.
Disclaimer: WEEX does not currently conduct any virtual asset activities in the UAE and has not been licensed by the Virtual Assets Regulatory Authority (VARA). WEEX will only engage in virtual asset activities in Dubai upon obtaining the necessary VARA license.
The SEC’s crypto task force, led by Hester Peirce, is actively meeting with digital asset companies to create new regulations for the industry.
On April 24, the task force met with Ondo Finance and law firm Davis Polk & Wardwell. The discussion centered around the rules for tokenizing U.S. assets and how blockchain-based systems could comply with existing financial regulations.
The session was mainly focused on creating regulatory sandboxes or relief options that could encourage innovation within the existing compliance systems. This approach shows Ondo’s commitment to providing legally compliant institutional-grade tokenization solutions through blockchain.
After the news, Ondo’s token price jumped 7.5%, crossing $1 and reaching a $3 billion valuation for the first time since March 7. The token is currently showing strong upward momentum as it trades above $1.03 with a surge of over 17% in the past 24 hours.
Ondo Finance has previously donated $1 million to Donald Trump’s inauguration fund, and Davis Polk recently announced that it would represent Trump’s social media company, Truth Social, in launching crypto-linked ETFs.
Technical analysis shows that Ondo’s price could continue to rise in the coming weeks after it emerged from a consolidation phase. If the price manages to close above $0.98, it could rise 21%, targeting $1.18. While the support level is at $0.81 and the next target is at $1.09, a breakout could further push the price to $1.20.
Besides, analyst Dami-Defi said that ONDO has broken out of its descending re-accumulation pattern and is gearing up for a macro-scale rally. The first target is $1.88, and if the momentum continues, it could reach $3.50. Another analyst suggests that Ondo could follow the trends of global money supply (M2), and something big might be on the horizon for the token.
The post ONDO Price Surges 17% After SEC Task Force Meeting: What’s Next? appeared first on Coinpedia Fintech News
The SEC’s crypto task force, led by Hester Peirce, is actively meeting with digital asset companies to create new regulations for the industry. On April 24, the task force met with Ondo Finance and law firm Davis Polk & Wardwell. The discussion centered around the rules for tokenizing U.S. assets and how blockchain-based systems could …
As inflation rises and economic uncertainty deepens, Switzerland is facing fresh pressure to rethink its Bitcoin reserve strategy. A group of crypto advocates has launched a referendum, urging the Swiss National Bank (SNB) to add Bitcoin alongside gold to its reserves as a safeguard against global instability.
Swiss National Bank Rejects Bitcoin Reserve Push
Despite mounting calls, the SNB remains firm. In a recent meeting, SNB Chairman Martin Schlegel dismissed the idea, calling Bitcoin too volatile for Switzerland’s official reserves. Schlegel emphasized the need for assets that are highly liquid and stable in value—qualities Bitcoin, in his view, does not consistently deliver.
He also raised concerns over Bitcoin’s reliability, highlighting that, being a software-based asset, it could face technical glitches. Schlegel underlined that the SNB has no intention of incorporating crypto into its reserve strategy at this time.
Global Trends Highlight Growing Interest in Crypto Reserves
While Switzerland maintains a cautious stance on crypto regulation, other countries are beginning to explore different paths. The United States, for instance, has started building a Bitcoin reserve using coins seized from criminal investigations, a move that is sparking discussions worldwide.
Even so, many governments remain hesitant, citing extreme price volatility and operational risks. For now, Switzerland appears committed to its traditional financial framework, resisting global trends that are slowly shifting toward Bitcoin and digital assets.
The growing debate over Switzerland’s crypto regulation and Bitcoin reserve strategy suggests that pressure on the SNB may not ease anytime soon.
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The post Switzerland’s Crypto Regulation Faces Heat as Bitcoin Reserve Strategy Sparks Debate appeared first on Coinpedia Fintech News
As inflation rises and economic uncertainty deepens, Switzerland is facing fresh pressure to rethink its Bitcoin reserve strategy. A group of crypto advocates has launched a referendum, urging the Swiss National Bank (SNB) to add Bitcoin alongside gold to its reserves as a safeguard against global instability. Swiss National Bank Rejects Bitcoin Reserve Push Despite …
