Author: Monicah W

The post Dogecoin (DOGE) Poised for 21% Drop, Bearish Setup Confirmed?  appeared first on Coinpedia Fintech News

Despite a recent 16% price decline, Dogecoin (DOGE), the world’s largest crypto meme coin, is poised to continue its downward momentum. The reason behind this speculation is the formation of a bearish price action pattern on the daily time frame amid ongoing bearish market sentiment.

Dogecoin (DOGE) Technical Analysis and Upcoming Levels 

According to CoinPedia’s technical analysis, DOGE appears to be bearish as it has formed a textbook-style head and shoulders price action pattern on the daily time frame. Additionally, the price of the meme coin is on the verge of a major breakdown.

Based on recent price momentum and historical patterns, if the meme coin breaches the neckline of the bearish pattern and closes a daily candle below the $0.16 mark, it could drop by 21% to reach the support level of $0.13 in the future.

As of now, DOGE is trading below the 200 Exponential Moving Average (EMA) on both the daily and four-hour time frames. This indicator suggests that the meme coin is in a strong bearish trend and is following a downward momentum.

However, traders and investors often use this setup to sell off or short the asset whenever its price shows any signs of upward movement.

Current Price Momentum

At press time, DOGE is trading near $0.168 and has recorded a 1% price drop over the past 24 hours. Meanwhile, during the same period, its trading volume declined by 60%, indicating reduced participation from traders and investors—potentially due to bearish market sentiment.

$6 Million Worth of DOGE Outflow 

However, amid this bearish outlook, investors appear to be accumulating tokens, potentially signaling a classic buy-the-dip strategy, according to on-chain analytics firm Coinglass.

Data on spot inflows and outflows reveals that exchanges have seen an outflow of approximately $6.11 million worth of DOGE over the past 24 hours. This substantial outflow suggests potential accumulation and could lead to increased buying pressure.

Yet, while this massive outflow has the potential to trigger an upside rally, the prevailing bearish market sentiment may make it difficult to sustain such upward momentum.

The post Dogecoin (DOGE) Poised for 21% Drop, Bearish Setup Confirmed?  appeared first on Coinpedia Fintech News
Despite a recent 16% price decline, Dogecoin (DOGE), the world’s largest crypto meme coin, is poised to continue its downward momentum. The reason behind this speculation is the formation of a bearish price action pattern on the daily time frame amid ongoing bearish market sentiment. Dogecoin (DOGE) Technical Analysis and Upcoming Levels  According to CoinPedia’s …

Donald Trump’s tariffs continue to hurt the global markets, and now, experts such as JPMorgan are predicting a US recession will happen this year. This development is significant considering how it could impact the crypto market, although not in the way some might expect.

Donald Trump’s Tariffs Raise Odds Of US Recession This Year

In a CNBC interview, JPMorgan’s chief economist, Bruce Kasman, revealed that they have raised the odds of a US recession to 60% following Donald Trump’s tariffs announcement earlier this week. Deutsche Bank has also raised the probability of a recession to 50%.

Meanwhile, prior to Trump’s announcement, Goldman Sachs raised the odds of a recession from 20% to 35%. Market commentator The Kobeissi Latter stated that a recession is impossible to avoid if these tariffs persist. Traders are also betting on a downturn this year. On the prediction platform Kalshi, odds for that to happen have surged to 61%.

A US recession is significant considering the impact it could have on global markets. The stock market has already entered bear market territory following Donald Trump’s announcement of tariffs on almost all countries on April 2.

As such, a recession would only cause the stock market and other markets to plunge harder. However, amid this downtrend in the global markets, the crypto market, led by Bitcoin, has shown some impressive strength.

A CoinGape market analysis noted that Bitcoin has decoupled from stocks. The flagship crypto is down only 5.51% while the S&P 500 has crashed 12% over three days. A plausible explanation is that market investors see BTC as a flight to safety amid the market downturn, which is undoubtedly bullish for the crypto market, especially if a US recession occurs.

It is worth mentioning that BlackRock CEO Larry Fink had also previously praised Bitcoin as an “uncorrelated asset” that provides a hedge against market turmoil.

A Recession Might Be Bullish For The Crypto Market

Amid talk of a US recession following Donald Trump’s tariffs announcement, Dom Kwok, an expert and co-founder of EasyA, has affirmed that recessions are bullish for crypto prices. He explained that the US Federal Reserve lowers interest rates during recessions to spur the economy.

This immediately leads to quantitative easing (QE), which is bullish for the crypto market, and more liquidity flows into the market during this period. Dom added that all this would lead to crypto and risk asset prices rising. He also alluded to how the Bitcoin price surged during the 2020 COVID recession.

As such, the crypto market is likely to soar again if a recession occurs. Analyst Kevin Capital also echoed a similar sentiment following China’s response to Donald Trump’s tariffs.

The analyst stated that the crypto market was more focused on the Fed’s monetary policies rather than tariffs. This indicates that a market boom would happen even in the face of a recession, since the US Central Bank would likely step in to help stimulate the economy.

The post Donald Trump’s Tariffs Raise Odds Of US Recession & What It Means For Crypto Market appeared first on CoinGape.

Davinci Jeremie, one of the early Bitcoin investors has flipped bullish on Solana price, predicting that SOL could surge 20x. This bullish forecast comes amid significant growth of the Solana blockchain, as the DeFi Total Value Locked (TVL) approaches a three-year high. 

Early Bitcoin Investor Predicts 20x Rally for Solana Price 

Jeremie is one of the top market analysts famed for correctly predicting a Bitcoin price rally during BTC’s early years. In 2011, Jeremie urged traders to buy Bitcoin at only $1 saying tryst it had much potential to rally. 

The analyst has now shifted his attention to Solana, saying that the altcoin could potentially surge by 20x. Jeremie further noted that US President Donald Trump would be the key to this price rally. He stated,

“Meme coins are going to be exploding on Solana because Trump made so much money on it. So why couldn’t any corporation or any famous person do the same thing.” 

Jeremie’s Solana price prediction highlights that meme coin activity will be the catalyst for SOL’s price rally. If this happens, Solana price could post an over 20x rally and surpass $1,000. 

Despite the bullish forecast, meme coin activity on the Solana blockchain has dropped significantly. Efforts by PumpFun to boost usage have not been successful, with the total market cap for SOL-based meme coins plunging to $6 billion. 

Solana DeFi Activity Surges 

Besides meme coins, the other factor that could trigger a Solana price rally is DeFi activity. Data from DeFiLlama shows that the SOL DeFi Total Value Locked (TVL) has risen to $56M, which is the highest level in nearly three years. 

The surge in TVL shows that there is a high amount of SOL tokens that are now locked on the Solana blockchain. This supports a bullish outlook and might also support a significant price rally for the altcoin. 

Solana Technical Analysis 

Solana price today trades at $118 with a 2% gain in 24 hours. The four-hour Solana price chart shows mixed sentiment. SOL fluctuates within a descending parallel channel. This shows that the bearish momentum is strong, which might cause SOL to edge lower. 

At the same time, the RSI is tipping south and has dropped to 44. This shows that selling activity remains strong, which might hamper SOL’s ability to rally.

However, the AO bars hint towards a trend reversal. This metric is rising, which might drive a surge in buying pressure. If the histogram bars flip positive, it will support a bullish thesis for Solana price. 

To sum up, Solana price seems poised to make an uptrend. Early Bitcoin investor Jeremie predicts that SOL can rally 20x due to meme coin activity. However, the 4-hour price chart shows the prevalence of bearish trends.

The post Early Bitcoin Investor Predicts 20x Solana Price Rally appeared first on CoinGape.

After Pi Network lost over 20% over the last week, analysts are mooting suggestions to save Pi Coin from slipping further. Pi Network enthusiast Dr Altcoin says the PiCoreTeam can inject new life in the short term by burning a considerable amount of Pi Coins.

Pi Network Has To Burn Pi Coins As A Quick Fix For Falling Prices

As the Pi Network price threatened to fall to $0.3, an expert has waded in to share solutions to stave off the decline. Community member Dr Altcoin opines that investors have to come to terms with the current reality of the network amid the steep decline.

According to an analysis on X, Dr Altcoin notes that a steeper correction will delay Pi Network from reaching a new all-time high. To prevent an even bigger drop, the expert urges the PiCoreTeam (PCT) to burn a large number of Pi Coins.

According to Dr Altcoin, burning Pi will be a short-term solution to address declining asset prices. By removing coins, Pi coins from circulation, tokens become scarce, driving up prices to trigger a rally.

“The quick fix?” asked Dr Altcoin. “The PCT should burn its damn billions of Pi Coins from those 20,000+ Pi Foundations wallets.”

Right out of the bat, the PCT controls over 80 billion Pi coins distributed across several wallets. While burning Pi can improve prices, a Pi token unlock has stoked bearish sentiments among investors, sending prices below $1.

Long-Term Plan For Pi Hangs In The Balance

While the short-term direction of Pi can be impacted by burning tokens, Dr Altcoin’s long-term fix leaves things to fate. The expert says there is little the PCT can do but to “wait” and “hope” for a long-term upward trajectory akin to Bitcoin.

“The long-term fix?” said Dr Altcoin. “Wait patiently and hope it evolves like BTC, not ends up like XRP.”

Despite waiting on their hands, there are a few things the PCT can do to put Pi Network on the right path. For starters, Dr Altcoin says the PCT can improve its Know Your Business (KYB) process for projects keen on building in the ecosystem. The PCT has caught some flak after PiDaoSwap launched NFTs on BSC following KYB delays.

Dr Altcoin adds that the PCT’s transparency in the token burn and unlock mechanism will play a role in Binance and Bybit listing Pi on their exchanges, potentially driving prices northward.

While Pi price has recorded double-digit losses in the seven-day chart, prices are upbeat over 24 hours. Pi price has surged by 18% while trading volumes are hurtling toward the $1 billion mark. Despite the surge, the asset is not in the clear yet as Pi musters its strength in an attempt to flip the $0.90 resistance point.

The post Expert Calls On Pi Network To Burn Tokens To Revive Pi Coin Price appeared first on CoinGape.

Dogecoin price has recently experienced a notable decline after failing to clear key resistance levels. Despite this, several analysts are forecasting a potential rally, with some projections suggesting that Dogecoin’s price could reach $2 soon.

Dogecoin Price Key Support Levels

Dogecoin price has shown significant price fluctuations over the years. After failing to break past the $0.180 mark, the cryptocurrency dipped below several support levels, including $0.1750, $0.1720, and $0.1620. At one point, the DOGE price traded close to $0.1550, demonstrating the current bearish sentiment in the market.

However, analysts are closely watching Dogecoin’s behavior around the critical Fibonacci retracement levels. According to crypto analyst Tarder Tardigrade, the 0.5 and 0.618 levels are significant because it is usually on these levels that bulls and bears create their turning points. In the past, the Dogecoin price has always regained these levels, marking them as support levels. At the moment, Dogecoin is trading higher than these levels, which may signal a reversal.

Technical analysts believe that if the price of Dogecoin stays above these levels, it is capable of moving higher in months to come. This would be similar to past trends where at some levels, Dogecoin rises sharply after consolidating at those levels.

Analysts Project $2 Target for Dogecoin Price

Currently several analysts believe that the Dogecoin price will soon go to $2. Tarder Tardigrade, an analyst, has pointed out that the cryptocurrency is on the verge of a breakout. Based on his technical analysis, the current DOGE price formation has characteristics similar to the previous descending channel followed by a parabolic rise.

Tardigrade pointed out that the DOGE price could form an ascending triangle in the range of $0.1732 to $0.1740 where an upthrust could occur to set the bulls on the charge. If this occurs the next levels of resistance exist in the region of $0.1800 to $0.1850 and if the price is to breach this region then a bigger rally can follow. According to his observation, if it follows the same trend like past bull cycles, Dogecoin price could rise to $2.

In addition, another analyst, Dynamite Trade, opined that Dogecoin has maintained a bullish outlook in the long run. By his estimation, the cryptocurrency is in a cycle and could possibly go up to $5.00 in the next phase of the market. This forecast is based on the established rising support trend observed during previous cycles, which continues to indicate a positive long-term outlook for Dogecoin.

Potential Catalyst: Dogecoin ETF Approval

A significant potential catalyst for Dogecoin’s price could come from developments in the broader cryptocurrency market. Speculation is growing around the possibility of a Dogecoin exchange-traded fund (ETF) being approved by the end of 2025. Current projections, according to Polymarket, suggest a 69% chance that the Dogecoin ETF could be approved by December 31, 2025.

If the Dogecoin ETF is approved, it would allow institutional investors to gain exposure to the cryptocurrency in a regulated manner. This could lead to a surge in demand for Dogecoin, further driving up the DOGE price. The approval of such a product would also bring additional legitimacy to Dogecoin as an asset, potentially attracting more retail and institutional investors.

While the Dogecoin ETF remains speculative at this stage, analysts believe that its approval could act as a significant catalyst for price growth, with some projecting that Dogecoin could reach new all-time highs. Should the ETF come to fruition, it could provide the momentum needed for Dogecoin to break past previous resistance levels and continue its upward trajectory.

The post Analysts Breaks Down Why Dogecoin Price May Rally To $2 Soon appeared first on CoinGape.

Today marks the 50th birthday of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. While the identity of Nakamoto remains a mystery, Bitcoin’s impact on global finance is undeniable. In a year where Bitcoin is seeing rising institutional adoption and geopolitical support, Satoshi Nakamoto’s vision of decentralization seems to be taking root on a global scale.

Bitcoin is becoming increasingly recognized as an alternative to traditional financial systems, especially as inflation concerns and central bank policies weigh on the global economy. Bitcoin’s value has soared, with some speculating that it could challenge the U.S. dollar’s dominance in global markets.

Satoshi Nakamoto 50th Birthday Today

Satoshi Nakamoto’s birthday on April 5 holds historical significance, especially when looking at the role Bitcoin plays in the current financial landscape. This date is significant when reflecting on the history of American monetary system. On April 5, 1933, President Roosevelt signed the move order 6102 which was gazetted to a regulation that compelled Americans to turn in their gold to the Federal reserve.

This order indicates a drastic change in the control of money which was the concept that Bitcoin sought to disrupt. The fact that Bitcoin does not have a central authority and that its supply is finite eliminates some of the issues seen with more traditional form of money that are printed by the central banks. Some view the choice of April 5 as Nakamoto’s birthday as not being a complete coincidence because it is associated with monetary freedom and a reference to gold and the control of money by the U.S. government.

Bitcoin’s growing popularity in 2025 may be seen as a direct response to centralized financial systems. Part from being a decentralized and deflationary system, Bitcoin presents the potential to become a global reserve currency in the future replacing the existing US Dollar.

Bitcoin’s Growing Influence and Institutional Support

While Bitcoin has been advocated as an instrument of speculation, over time it has evolved to be more than that – it is now seen as a store of value and an inflation hedge. Currently, big investors such as Michael Saylor and giants like BlackRock are investing in Bitcoin and the cryptocurrency market.

Like Satoshi Nakamoto, Michael Saylor the Chief Executive Officer of MicroStrategy has been an aggressive advocate for Bitcoin. His company currently possesses over 500,000 BTC, amounting to several billions of US dollars. Saylor has also stated on record that, Bitcoin is a superior store of value to the US dollar in the long-term. He described Bitcoin as the next big thing with capabilities to revolutionize finances across the world.

Concurrently, BlackRock CEO Larry Fink spoke about the U.S. dollar in his letter where he stated that Bitcoin may become a competitor to the dollar, given the bleeding that the country is experiencing from high debt levels and inflation. Such contributions from large financial institutions evidently prove that Bitcoin is no longer an outsider but an integral part of the financial market.

Bitcoin’s Impact on the Financial Market and Kiyosaki’s Warnings

The increase in the use and demand for BTC has attracted the attention of many financial analysts and investors. Robert Kiyosaki, the author of Rich Dad Poor Dad, recently raised the alarm, stating that the conventional monetary systems might collapse. Robert Kiyosaki, who has supported the idea of using gold and silver as a hedge against the uncertain economy, thinks that BTC is also among such assets.

Kiyosaki has claimed that the US Federal reserve will print so much money, that inflation and dilution of the dollar is inevitable. He nourishes the opinion that it is in this environment that Bitcoin will become more valuable as an asset that allows to maintain purchasing power.

With Bitcoin’s price reaching new highs and institutional adoption on the rise, the idea of a digital gold standard is becoming more plausible. Whether Bitcoin will ever replace the U.S. dollar remains to be seen, but the growing support from both private and institutional investors suggests that its role in the global financial system will continue to expand.

The post Satoshi Nakamoto Birthday: Here Is How Old Bitcoin Creator Is Turning As BTC Threatens US Dollar appeared first on CoinGape.

The post FTX Rejects Nearly 400,000 Claims Worth $2.5 Billion – Here’s What Happened appeared first on Coinpedia Fintech News

FTX’s bankruptcy case has just taken a big step. Nearly 400,000 customer claims—worth up to $2.5 billion—have been rejected after users missed the March 3 deadline to verify their identities. This major disqualification shows how seriously the collapsed crypto exchange is now enforcing Know Your Customer (KYC) rules as it works through legal and financial cleanup.

Huge Number of Claims Thrown Out

In a court filing on April 2, the U.S. Bankruptcy Court confirmed that 392,000 customer claims were completely disqualified for failing to meet identity verification requirements. The rejected claims take up 2,377 pages of court records.

This sharp reduction in total claims could actually help verified users. With fewer claims on the table, the chances of higher payouts for those who did complete verification may now increase.

The Real Value of Rejected Claims

While early estimates put the value of these unverified claims at around $1 billion, creditor advocate Sunil Kavuri says the actual figure could be as high as $2.5 billion. That includes $655 million in smaller claims (under $50,000) and a massive $1.9 billion in larger ones—all removed from the equation due to lack of ID verification.

Why Verification Matters Now

FTX’s current leadership says verifying user identities is critical, especially because the company’s previous management failed to gather even basic user information or carry out proper checks. The new team is working to restore order and follow standard compliance rules.

Also Read: Investors Turn Bullish on Solana as it Rises Above $120—Will SOL Price Bounce Back Past $150 This Month?

FTX To Begin Repayment on May 30

FTX plans to start repaying its main group of creditors on May 30. The company has promised full cash repayments based on asset values from November 2022, when the exchange went under. So far, FTX has recovered $11.4 billion to distribute—a big step toward closing one of the largest disasters in crypto history.

The process hasn’t been easy. FTX’s legal team says it has received a mind-boggling “27 quintillion” submissions—many of them fake or heavily inflated. It’s a sign of how complicated and messy the case still is.

Even with these challenges, the upcoming repayments mark real progress for former users hoping to get their money back.

Elsewhere in the crypto world, Bitcoin has dropped 1% in the past 24 hours to $83,645. Ethereum is down 0.6%, now trading at $1,815. The market remains on edge as regulators and legal cases continue to affect prices and the industry’s future direction.

The scars of FTX’s collapse are still fresh—and the crypto world isn’t done feeling them.

The post FTX Rejects Nearly 400,000 Claims Worth $2.5 Billion – Here’s What Happened appeared first on Coinpedia Fintech News
FTX’s bankruptcy case has just taken a big step. Nearly 400,000 customer claims—worth up to $2.5 billion—have been rejected after users missed the March 3 deadline to verify their identities. This major disqualification shows how seriously the collapsed crypto exchange is now enforcing Know Your Customer (KYC) rules as it works through legal and financial …

The post Why Is Ethereum Price Underperforming in 2025? appeared first on Coinpedia Fintech News

Ethereum (ETH), the world’s second-largest cryptocurrency by market value, is going through a rough patch. After nearly a decade of being a major force in the crypto world, ETH has seen a sharp decline in 2025—its price falling by around 46% in the first quarter.

Ethereum’s transaction fees have dropped to their lowest point since 2020, showing a big change in how people are using the network. According to blockchain analytics firm IntoTheBlock, total fees collected on Ethereum fell by nearly 60% in Q1 2025, reaching just $208 million by early April.

Total ETH fees decreased to their lowest level since 2020 this quarter, primarily driven by the gas limit increase and transactions moving to L2s pic.twitter.com/CLmOFfttwa

— IntoTheBlock (@intotheblock) April 4, 2025

Consequences of a Slower Burn Rate

Another concern is Ethereum’s slowing burn rate. This rate is important because it helps reduce the number of ETH in circulation. But with fewer transactions happening, the amount of ETH being burned has dropped. In fact, fees from major platforms like Uniswap, MetaMask, and Tether have dropped by over 95% since late 2024.

As a result, Ethereum’s inflation rate is starting to rise. DeFi analyst Michael Nadeau has warned that Ethereum’s inflation could soon be higher than Bitcoin’s, which could worry long-term holders.

ETH burned is currently at its lowest level since EIP1559 was implemented in August of ’21.

The drivers:

Burned ETH from Uniswap is down 99% in March compared to November.

Burn from Tether is down 95% over the same period.

MetaMask burn is down 97%. 1inch is down 99%.… pic.twitter.com/wJFW6W46sK

— Michael Nadeau | The DeFi Report (@JustDeauIt) April 3, 2025

Layer-2 Networks Are Taking Over

A major reason for the drop in fees is the growing use of Layer-2 (L2) networks. These are built on top of Ethereum and offer faster and cheaper transactions. One of the top performers is Coinbase’s Base network, which now processes more than 80 transactions per second—more than any other L2 solution.

Ethereum’s Dencun upgrade, launched in March 2024, made L2 transactions even cheaper. This encouraged users to shift away from Ethereum’s main network to these faster alternatives, which led to fewer transactions and lower fees on the main network.

Also Read: FTX Rejects Nearly 400,000 Claims Worth $2.5 Billion – Here’s What Happened

ETH/BTC Performance Drop to 5-Year Low

Ethereum is also falling behind Bitcoin in terms of price performance. Since the start of 2025, ETH has dropped from over $3,300 to $1,805 as of April 4. Meanwhile, Bitcoin reached an all-time high of $109,000 and has only fallen about 10%. Ethereum, by contrast, has lost 45% of its value, pushing the ETH/BTC ratio to its lowest point in five years.

Big Investors Still Buying the Dip

Even with all the recent setbacks, some large investors remain confident in Ethereum’s long-term future. IntoTheBlock reports that Ethereum “whales” have bought more than 130,000 ETH after the price fell below $1,800. This shows that many still believe in Ethereum’s recovery.

Some analysts are predicting a strong rebound, saying ETH could reach $5,000 by the end of 2025. Others are even more optimistic, suggesting it could go above $10,000 in the future.

Can the Pectra Upgrade Turn Things Around?

Looking ahead, Ethereum’s upcoming Pectra upgrade, expected in May, could help improve the network’s performance. If successful, it might give ETH the boost it needs to regain momentum and attract more activity back to the main network.

The post Why Is Ethereum Price Underperforming in 2025? appeared first on Coinpedia Fintech News
Ethereum (ETH), the world’s second-largest cryptocurrency by market value, is going through a rough patch. After nearly a decade of being a major force in the crypto world, ETH has seen a sharp decline in 2025—its price falling by around 46% in the first quarter. Ethereum’s transaction fees have dropped to their lowest point since …

The post What Are SEC’s New “Covered Stablecoins”? Tether’s USDT May Not Qualify! appeared first on Coinpedia Fintech News

In a rare and clear move, the U.S. Securities and Exchange Commission (SEC) has introduced new guidance that could significantly impact the stablecoin market. The agency said that certain stablecoins – now called “covered stablecoins” – may not be treated as securities, as long as they follow strict conditions.

The crypto industry has already begun to respond. Tether, one of the largest stablecoin issuers, is reportedly considering changing its strategy to fit within the SEC’s new framework.

“Covered Stablecoins are not marketed as investments; rather, they are marketed as a stable, quick, reliable and accessible means of transferring value, or storing value and not for potential profit or as investments,” the SEC stated.

What Exactly Is a “Covered Stablecoin”?

The SEC explained that covered stablecoins are not offered as investment products. Instead, they’re presented as a stable, fast, and accessible way to send or store money—not something to make a profit from.

To qualify as a covered stablecoin, the token must meet several key requirements:

• Be fully backed 1:1 by the U.S. dollar
• Be supported by low-risk, highly liquid assets
• Be redeemable at full value at any time

These stablecoins must not offer interest, promise profits, give voting rights, or represent any form of ownership. They are meant strictly for use in payments, transfers, or storing value—not as investments.

Since they’re sold as “digital dollars” and not investment opportunities, the SEC says these stablecoins don’t count as securities under U.S. law. This kind of clarity is unusual for the SEC, which often takes a more cautious or enforcement-first approach to crypto.

Also Read: FTX Rejects Nearly 400,000 Claims Worth $2.5 Billion – Here’s What Happened

Mixed Reactions from Experts

David Sacks, a White House crypto advisor, welcomed the update. He said it offers much-needed clarity and reduces regulatory hurdles for dollar-backed stablecoins that are fully supported by safe assets. He also noted that these types of tokens would no longer need to register under the Securities Act.

The SEC has determined that fully-reserved, liquid, dollar-backed stablecoins are not securities. Therefore blockchain transactions to mint or redeem them do not need to be registered under the Securities Act. Helpful clarity from @SECGov. pic.twitter.com/oUsq0snLaF

— David Sacks (@davidsacks47) April 4, 2025

However, SEC Commissioner Caroline Crenshaw disagreed. She warned that the guidance oversimplifies how stablecoins actually work and overlooks key legal issues. Crenshaw argued that the risks involved are being downplayed, and the update could create confusion about how these tokens function

Tether Faces New Challenges

The new rules may benefit stablecoins like USDC, but they raise concerns for Tether’s USDT. That’s because the SEC doesn’t allow stablecoins to be backed by assets like cryptocurrency or gold—both of which are included in USDT’s reserves.

According to Forbes reporter Nina Bambysheva, Tether is now exploring the idea of launching a new stablecoin that would fully follow U.S. rules. This new coin would be backed only by cash and U.S. Treasuries, marking a major shift for the company.

Tether is considering the development of a stablecoin tailored for the U.S. market and intends to launch a competitor to ChatGPT within the next few months, @paoloardoino tells me. More to come soon

— Nina Bambysheva (@ninabambysheva) April 4, 2025

Crypto analyst Novacula Occami also noted that Tether’s use of Bitcoin and gold in its reserves could make USDT ineligible for the “covered stablecoin” label. That could expose it to stricter regulations under U.S. securities law.

Tether’s Plan for a U.S.-Compliant Stablecoin

Despite the potential regulatory pressure, Tether doesn’t seem too worried about a possible U.S. ban on USDT. According to CTO Paolo Ardoino, the company is already thinking ahead and preparing to launch a separate U.S.-compliant stablecoin.

Ardoino said USDT will likely remain focused on emerging markets, while the new stablecoin would be designed specifically for the U.S. market and built to comply with American regulations.

Even as the wider crypto market struggles through a difficult first quarter, stablecoins are seeing strong growth. Daily usage continues to rise, and the stablecoin market added over $30 billion in Q1 alone – showing that demand remains high despite broader market uncertainty.

It’s not every day the SEC speaks plainly on crypto – so when it does, the industry listens!

The post What Are SEC’s New “Covered Stablecoins”? Tether’s USDT May Not Qualify! appeared first on Coinpedia Fintech News
In a rare and clear move, the U.S. Securities and Exchange Commission (SEC) has introduced new guidance that could significantly impact the stablecoin market. The agency said that certain stablecoins – now called “covered stablecoins” – may not be treated as securities, as long as they follow strict conditions. The crypto industry has already begun …

The post Bitcoin Outperforming the Tech Stocks—Is It a Good Sign for the BTC Price Rally? appeared first on Coinpedia Fintech News

The Bitcoin volatility has risen over the past few weeks as the price has been fluctuating within a huge range. Despite the bearish interference, the price has been under bullish influence by forming consecutive higher highs and lows. With this, the bullish trajectory for the BTC price remains pretty high, keeping the upper targets at $90,000 activated. Meanwhile, the traders remain uncertain, and as a result, the almost equal liquidity is piling up on either side of Bitcoin. 

The crypto markets have risen above the turbulence caused by Trump’s Liberation Day while Bitcoin displays resilience, hinting towards a potential breakout. After a minor upswing, the bears have begun to actively push the price lower, which has dropped it back below $83,000. This constant shift in the price trend seems to have raised skepticism among investors, due to which the liquidity has accumulated with over 100x leverage at $80,000 and $82,000. 

Interestingly, the data from Coinglass suggests that the volume also has a close match, which suggests a liquidity grab could be on the horizon. 

This piled-up liquidity suggests the possibility of both breakout and breakdown, while the wider market dimensions suggest the bulls are gaining more strength than the bears. Recently, US President Donald Trump announced a massive rise in tariffs on other countries, which was the highest since 1968. The traditional markets tumbled down and experienced a huge pullback not seen since 2020. 

These levels continue to remain deflated while Bitcoin’s price, facing minimal bearish action, has begun to recover. Moreover, the token is breaking out against the Nasdaq 100, which can be considered a strong bullish signal for the entire crypto space. 

The chart compares Bitcoin’s performance against the Nasdaq 100, showing the crypto breaking above a key resistance level of around 1.40 in 2021 and 4.50 in 2025. This signals stronger growth relative to tech stocks, suggesting the correlation between Bitcoin and Nasdaq100 has been turning negative since late 2024. This suggests a potential market shift could be on the horizon, which may revive a strong Bitcoin (BTC) bull run above $100K towards new highs.

The post Bitcoin Outperforming the Tech Stocks—Is It a Good Sign for the BTC Price Rally? appeared first on Coinpedia Fintech News
The Bitcoin volatility has risen over the past few weeks as the price has been fluctuating within a huge range. Despite the bearish interference, the price has been under bullish influence by forming consecutive higher highs and lows. With this, the bullish trajectory for the BTC price remains pretty high, keeping the upper targets at …