Author: Monicah W

Coinbase Derivatives Announces Listing of CFTC-Regulated Futures for XRP: What Next?

Monicah W

Coinbase XRP futures ETF

The post Coinbase Derivatives Announces Listing of CFTC-Regulated Futures for XRP: What Next? appeared first on Coinpedia Fintech News

  • Coinbase’s listing of CFTC-regulated futures for XRP follows Bitnomial’s launch of a similar product last month.
  • The rising demand for XRP by institutional investors has helped increase bullish sentiment.
  • XRP/USD pair may retest $1.77 in the coming days before continuing with a macro bullish outlook.

Coinbase Global Inc. (NASDAQ: COIN), a top-tier cryptocurrency exchange in the North American markets, announced a major trading expansion for Ripple Labs’ XRP on Monday, April 21. After filing with the Commodity Futures Trading Commission (CFTC), on April 3, to offer XRP futures contracts, the exchange announced a successful listing of the regulated products on Monday.

Coinbase will offer monthly, cash-settled margin contracts, each representing 10k XRP, to its clients ahead. The launch of Coinbase’s XRP futures contract follows a similar product by Bitnomial in mid-March 2025.

Why the Launch of XRP Futures Contracts Matters

The launch of Coinbase’s XRP futures contract will further enhance the legitimacy of XRP among institutional investors. Moreover, XRP has gained significant regulatory clarity in the United States in the past few months, bolstered by the Donald Trump administration’s initiatives to foster the adoption of crypto assets.

Ultimately, the liquidity of XRP will significantly increase as more institutional investors participate in futures contract trading.

What Next for XRP Price

The impact of the rising adoption of XRP by institutional investors will be significant in the long haul. Moreover, digital assets are expected to play a crucial role in resetting global financial systems, which have been siloed over the past decades.

From a technical analysis standpoint, XRP price has been forming a potential bullish pattern, especially after breaking out of a falling logarithmic trend. In the daily time frame, XRP price, against the U.S. dollar is likely to retest the recent bullish breakout by falling back towards the support level above $1.77.

Moreover, the daily MACD indicator has yet to flash a bullish signal, and the Relative Strength Index (RSI) has experienced a resistance level of around 50 percent level.

However, a consistent close above $2.22 will invalidate further short-term correction and trigger a fresh rally toward a new all-time high ahead.

The post Coinbase Derivatives Announces Listing of CFTC-Regulated Futures for XRP: What Next? appeared first on Coinpedia Fintech News
Coinbase’s listing of CFTC-regulated futures for XRP follows Bitnomial’s launch of a similar product last month. The rising demand for XRP by institutional investors has helped increase bullish sentiment. XRP/USD pair may retest $1.77 in the coming days before continuing with a macro bullish outlook. Coinbase Global Inc. (NASDAQ: COIN), a top-tier cryptocurrency exchange in …

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3 Altcoins to Watch in the Fourth Week of April 2025

Monicah W

The crypto market has shown consistent growth over the past few days, helping altcoins alongside Bitcoin to recover. However, relying solely on broader market cues or momentum will not sustain price growth.

BeInCrypto has analyzed three altcoins for investors to watch in April, as important developments are set to unfold this week.

Tutorial (TUT)

TUT price has remained stable throughout most of the month, currently hovering below the $0.027 resistance level. Successfully breaching this barrier is crucial for recovering the 53% losses incurred in March. A price rise above $0.027 could signal a positive trend and further upward movement in the coming weeks.

If this trend continues, TUT could push toward the next resistance level of $0.039, indicating strong momentum.

TUT Price Analysis.
TUT Price Analysis. Source: TradingView

However, if TUT fails to break above the $0.027 resistance, the price could decline below $0.021. Such a drop would likely invalidate the bullish outlook and lead to further losses. In that scenario, the altcoin’s price might fall to $0.015, a significant setback for the token’s recovery.

Injective (INJ)

Injective’s price has surged by 17% in recent days, fueled by anticipation surrounding the upcoming Lyota Mainnet Upgrade. Set to go live on April 22, the upgrade is expected to enhance Injective’s infrastructure, performance, and transaction speeds. This has sparked optimism, driving the price higher in the short term.

Currently trading at $8.97, Injective is nearing the $9.11 resistance level. If it successfully breaches this barrier, the price could move beyond $10.00, potentially reaching $10.35. The positive sentiment surrounding the Lyota Mainnet Upgrade is likely to continue driving the token’s growth if it can surpass these levels.

INJ Price Analysis.
INJ Price Analysis. Source: TradingView

However, if Injective fails to break through the $9.11 resistance, as seen earlier in April, the price could fall below $8.40. This would signal a retreat and could see the token dip to $7.64, invalidating the bullish outlook and erasing recent gains.

BNB

BNB’s price currently stands at $604, experiencing a two-month downtrend. The altcoin is struggling to breach the resistance of $611. To push past this barrier, BNB needs strong support from the broader market or upcoming developments that could provide a catalyst for price movement and reversal.

One potential catalyst is the Lorentz opBNB mainnet hard fork, which is scheduled for today. The hard fork aims to enhance the chain’s speed and responsiveness. If successful, this could help BNB break the $611 resistance and push the price toward the next level of $647, spurring bullish sentiment.

BNB Price Analysis.
BNB Price Analysis. Source: TradingView

However, if the hard fork’s impact fails to meet expectations, BNB could struggle to maintain upward momentum. In this case, the price may slip below the support of $576, potentially falling as low as $550. This would invalidate the current bullish outlook and likely continue the downtrend.

The post 3 Altcoins to Watch in the Fourth Week of April 2025 appeared first on BeInCrypto.

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PancakeSwap Sets Date for CAKE Tokenomics 3.0 Despite Controversy

Monicah W

PancakeSwap, the largest decentralized exchange (DEX) on BNB Chain, has officially announced the implementation of CAKE Tokenomics 3.0. This marks a major shift toward a more sustainable and deflationary ecosystem.

According to the announcement, PancakeSwap will begin rolling out the new tokenomics model on April 23, 2025. The main goals are to curb CAKE inflation, optimize system efficiency, and deliver long-term value to the community. However, the CAKE 3.0 proposal has sparked considerable debate.

What Are the Key Changes in CAKE Tokenomics 3.0?

PancakeSwap has set three primary goals for Tokenomics 3.0: achieve an annual deflation rate of 4%, eliminate complex mechanisms such as veCAKE, and reduce CAKE emissions to improve sustainability.

Here are the specific changes:

  • Retirement of CAKE Staking, veCAKE, Gauges Voting, Revenue Sharing, and Farm Boosting: PancakeSwap will discontinue CAKE staking and the veCAKE mechanism, which required users to lock tokens in exchange for voting rights or benefits. All locked CAKE and veCAKE will be unlocked.
  • Burn Mechanism to Reduce Circulating Supply: PancakeSwap will burn tokens to reduce supply instead of sharing trading fees with users. The team expects to burn approximately 5.3 million CAKE annually, supporting the deflation target.
  • Phased Reduction in CAKE Emissions: Daily CAKE emissions will be reduced from 29,000 to 20,000, and later to 14,500 tokens.

Users will have six months from April 23, 2025, to withdraw their previously locked CAKE.

The Debate Around CAKE 3.0

Several developers and community members believe CAKE Tokenomics 3.0 will benefit the project in the long term.

“At its core, CAKE Tokenomics 3.0 defends true value and protects CAKE holders by strengthening long-term fundamentals—such as aggressively cutting emissions to accelerate deflation and sustainably grow value,” Chef Philip said.

However, not everyone agrees. Cakepie DAO—one of the largest veCAKE holders—voiced strong concerns on X. They criticized the decision to eliminate veCAKE, calling it non-transparent and potentially damaging to projects built around that model.

This reveals a divide in the community over how PancakeSwap is balancing deflation and stakeholder interests.

“Sunsetting veCAKE would be devastating for Cakepie and for every project built on long-term alignment with PancakeSwap. Our entire ecosystem is structured around veCAKE, with millions of CAKE locked for four years as a clear show of commitment. Removing veCAKE would erase that commitment overnight and undermine the trust and efforts of all builders who believed in PancakeSwap’s vision,” Cakepie stated.

In response, PancakeSwap proposed a $1.5 million compensation package in CAKE tokens. They offered this to CKP (Cakepie’s token) holders if Cakepie agreed to allow a 1:1 swap from mCAKE (Cakepie’s CAKE derivative) to CAKE.

However, Cakepie is currently voting on whether to accept the offer.

PancakeSwap (CAKE) 3-Month Price Chart
PancakeSwap (CAKE) 3-Month Price Chart. Source: BeInCrypto

At the time of reporting, CAKE is trading around $1.97, up 17% since April 8, when PancakeSwap first proposed Tokenomics 3.0.

Additionally, data from DeFiLlama shows that PancakeSwap’s 24-hour trading volume has surpassed $1 billion, overtaking Uniswap.

Meanwhile, a report from BeInCrypto reveals that PancakeSwap controls over 90% of the DEX market share on BNB Chain. This highlights the strong relationship between BNB Chain and PancakeSwap.

The post PancakeSwap Sets Date for CAKE Tokenomics 3.0 Despite Controversy appeared first on BeInCrypto.

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MANTRA CEO and Partners to Burn 300 Million Tokens – Will OM Get Back to $1?

Monicah W

MANTRA CEO, JP Mullin, is burning 150 million OM tokens from his own allocation and engaging other ecosystem partners to burn an additional 150 million tokens. This 300 million OM token burn aims to restore investor trust in the project and stabilize the altcoin’s price dynamics.

OM is attempting to recover from one of the most dramatic crashes in recent crypto history. On April 13, it lost over 90% of its value in a single hour. The collapse, which erased more than $5.5 billion in market cap, triggered widespread accusations of insider activity and manipulation within the Real-World Assets (RWA) sector.

Understanding MANTRA’s Token Burn

Mantra, once one of the biggest players in the Real-World Assets (RWA) sector, suffered a dramatic collapse on April 13, with its token crashing over 90% in less than an hour and wiping out more than $5.5 billion in market capitalization.

The plunge followed a rapid surge earlier this year, when OM rose from $0.013 to over $6, pushing its fully diluted valuation to $11 billion. The crash was reportedly triggered by a $40 million token deposit into OKX by a wallet allegedly linked to the team, sparking fears of insider selling.

Panic spread quickly as rumors of undisclosed OTC deals, delayed airdrops, and excessive token supply concentration fueled mass liquidations across exchanges.

Despite co-founder John Patrick Mullin denying any wrongdoing and blaming centralized exchanges for forced closures, investors and analysts raised concerns about potential manipulation by market makers and CEXs, drawing comparisons to past collapses like Terra LUNA.

OM Price Chart and Fall.
OM Price Chart and Fall. Source: TradingView.

In an effort to rebuild trust, Mullin has announced the permanent burn of his 150 million OM team allocation. The tokens, originally staked at mainnet launch in October 2024, are now being unbonded and will be fully burned by April 29, reducing OM’s total supply from 1.82 billion to 1.67 billion.

This move also lowers the network’s staked amount by 150 million tokens, which could impact on-chain staking APR.

Additionally, MANTRA is in talks with partners to implement a second 150 million OM burn, potentially cutting the total supply by 300 million tokens.

OM Price Faces Critical Test as Token Burn Battles Lingering Market Doubt

Despite MANTRA’s ongoing token burn efforts, it’s still uncertain whether the move will be enough to fully restore investor confidence in OM.

From a technical standpoint, if momentum begins to recover, OM could test the immediate resistance at $0.59. A successful breakout at that level may pave the way for further gains toward $0.71, with additional key hurdles at $0.89 and $0.997 standing between the token and a return to the psychologically important $1 mark.

However, reclaiming these levels will likely require sustained buying interest and broader sentiment recovery across the Real-World Assets (RWA) sector.

OM Price Analysis.
OM Price Analysis. Source: TradingView.

On the downside, if the token burn fails to shift sentiment or if selling pressure continues, OM risks resuming its decline.

The first key support lies at $0.51, and a breakdown below that level could send the price further down to $0.469.

Given the scale of the recent crash and the lingering distrust among investors, the path to recovery remains fragile—OM now sits at a critical crossroads between a potential rebound and further erosion of its market value.

The post MANTRA CEO and Partners to Burn 300 Million Tokens – Will OM Get Back to $1? appeared first on BeInCrypto.

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Public Companies Are Buying Bitcoin Again as BTC Nears $90,000

Monicah W

Bitcoin is rebounding after tariff chaos, and public companies like Metaplanet are conducting major acquisitions. The firm bought $28.2 million worth of the asset, nearly a $2 million increase from last week.

However, despite this new confidence, Metaplanet’s stock has continued to perform shakily. The crypto market is showing cautious optimism, but that won’t immediately translate into major gains.

Bitcoin Rebounds as Metaplanet Increases Purchase Size

Although a few corporate Bitcoin whales briefly paused their big purchases recently, the markets are heating back up again. Metaplanet began buying the dip last week, and Bitcoin has been making steady progress since then.
Today, its CEO, Simon Gerovich, announced a new purchase as BTC rebounds:

“Metaplanet has acquired 330 BTC for ~$28.2 million at ~$85,605 per bitcoin and has achieved BTC Yield of 119.3% YTD 2025. As of 4/21/2025, we hold 4855 $BTC acquired for ~$414.5 million at ~$85,386 per bitcoin,” he claimed.

Trump’s tariff threats caused massive uncertainty and crypto liquidations in the last few weeks. However, since he announced a pause, crypto and industry-related stocks have been rallying.

Whales like Metaplanet and MicroStrategy immediately began buying Bitcoin, and the whole market is rising. The Crypto Fear and Greed Index was recently in Extreme Fear but has since recovered greatly:

Crypto Fear and Greed Index
Crypto Fear and Greed Index. Source: Alternative

Still, markets are showing cautious optimism, not a full rally. A quick look at some major crypto-related stocks will paint a clearer picture.

MicroStrategy rose over 4% in the last five days and nearly 6% in the last month, but it’s a pillar of confidence in BTC. Metaplanet, a much smaller Bitcoin holder, only fell 1.89% in the last five days but over 20% in the last 30.

In other words, it can be difficult to cleanly connect Bitcoin’s recent successes with major holders like Metaplanet. Compare two prominent US-based crypto miners, Marathon and Riot.

The former recovered from its slump in early April, while the latter only continued to drop. Coinbase, too, has only made brief rallies on a trend of continual decline.

While Bitcoin’s adoption has surged dramatically over the past year, there’s still a lot of uncertainty about tariffs and recession. Metaplanet may be in shaky territory right now, but its confidence in Bitcoin can provide a long-term sense of stability.

The post Public Companies Are Buying Bitcoin Again as BTC Nears $90,000 appeared first on BeInCrypto.

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72 Crypto ETFs are Up for Approval, But Bitcoin Holds 90% Of Fund Investments

Monicah W

As the SEC is signaling its willingness to approve new altcoin ETFs, 72 active proposals are awaiting a nod. Despite the growing interest from asset managers to launch more altcoin-based products in the institutional market, Bitcoin ETFs currently command 90% of crypto fund assets worldwide.

New listings can attract inflows and liquidity in these tokens, as demonstrated by Ethereum’s approval of ETF options. Still, given the current market interest, it’s highly unlikely that any crypto found will replicate Bitcoin’s runaway success in the ETF market

Bitcoin Dominates the ETF Market

Bitcoin ETFs dramatically changed the global digital assets market over the past month, and they are performing quite well at the moment. In the US, total net assets have reached $94.5 billion, despite continuous outflows in the past few months.

Their impressive early success opened a new market for crypto-related assets, and issuers have been flooding the SEC with new applications since.

This flood has been so intense that there are currently 72 active proposals for the SEC’s consideration:

“There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x MELANIA and everything in between. Gonna be a wild year,” claimed ETF analyst Eric Balchunas.

The US regulatory environment has become much friendlier toward crypto, and the SEC is signaling its willingness to approve new products. Many ETF issuers are attempting to seize the opportunity to create a product as successful as Bitcoin.

However, Bitcoin has a sizable head start, and it’s difficult to imagine any newcomer disrupting its 90% market share.

Bitcoin Represents 90% of Global Crypto ETF Investment
Bitcoin Represents 90% of Global Crypto ETF Investment. Source: Eric Balchunas

To put that into perspective, BlackRock’s Bitcoin ETF was declared “the greatest launch in ETF history.” Any new altcoin product would need a significant value-add to encroach upon Bitcoin’s position.

Recent products like Ethereum ETF options have attracted fresh liquidity. Yet, Bitcoin’s dominance in the institutional market remains unchanged.

Of these 72 proposals, only 23 refer to altcoins other than Solana, XRP, or Litecoin, and many more concern new derivatives on existing ETFs.

Some analysts claim that these products, taken together, couldn’t displace more than 5-10% of Bitcoin’s ETF market dominance. If an event significantly disrupted Bitcoin, it would also impact the rest of crypto.

Still, that doesn’t mean that the altcoins ETFs are a futile endeavor. These products have continually created new inflows and interest in their underlying assets, especially with issuers acquiring token stockpiles.

However, it’s important to be realistic. While XRP and Solana ETF approvals could drive new bullish cycles for the altcoin market, Bitcoin will likely dominate the ETF market by a large margin — given its widespread recognition as a ‘store of value’.

The post 72 Crypto ETFs are Up for Approval, But Bitcoin Holds 90% Of Fund Investments appeared first on BeInCrypto.

Shiba Inu Price Analysis: Could SHIB Start a New Bull Run Soon?

Monicah W

Shiba Inu Price Analysis: Could SHIB Start a New Bull Run Soon?

After several days of price declined followed by sideways price movement, the crypto market has again turned in bulls’ favor. Like most crypto, Shiba Inu (SHIB) price is also benefiting from it. To be precise, the meme coin’s value pumped by more than 4% in just the last 24 hours. 

Following this promising surge, SHIB’s value is standing at $0.00001258 with a market capitalization of over $7.41 billion, making it the 16th largest crypto. In fact, things can get even better, as an analyst suggested that the chances of SHIB’s price skyrocketing are high—a sign of an upcoming bull run. 

Shiba Inu Price Analysis—A Bull Rally Soon?

As Shiba Inu price gains momentum, several analysts are prediction SHIB’s surge to the moon. One of them is a popular crypto analyst $SHIB KNIGHT. The analyst recently posted a tweet on X mentioning that ill make history again. It is one of the hottest token on the market. The tweet also mentioned that the analyst is waiting for the accumulation phase to end, which will be followed by a massive boom.

However, other datasets revealed not much buying activity was taking place around SHIB. This was evident from the closely knit supply on exchanges and supply outside exchanges charts. 

Shiba Inu weighted sentiment
Source: Santiment

Additionally, after a sharp spike, SHIB’s weighted sentiment also entered the negative zone—a sign of declining bullish sentiment. Hyblock Capital’s data further established the fact that investors were not buying SHIB, one of the top meme coins.

Analysis revealed that SHIB’s sell volume touched 86 in the last few days. For starters, a number closer to 100 means that selling pressure is high. This can negatively affect Shiba Inu price action as it suggested that there are chances of SHIB’s ongoing price uptrend to end soon. 

Shiba Inu sell volume
Source: Hyblock Capital

What Lies Ahead For SHIB

Since there are mixed signals in the market, we then took a closer look at Shiba Inu price chart to better understand whether the meme coin is ready for a bull run. Mentioning Shiba Inu price prediction, in order for the meme coin to sustain its bull rally, it must first go above the $0.00001514 resistance level. A breakout above that will allow SHIB price to reclaim its January 2025 high. 

Shiba Inu price chart
Source: TradingView

Conclusion

Shiba Inu price analysis shows promising short-term momentum, but mixed market signals suggest caution. A breakout above key resistance could confirm a bull run, making it crucial for investors to closely monitor SHIB’s next moves.

The post Shiba Inu Price Analysis: Could SHIB Start a New Bull Run Soon? appeared first on CoinGape.

John Deaton Expresses Surprise At Ripple’s Exclusion As Crypto Firms Look To Apply For Bank Licenses

Monicah W

John Deaton Expresses Surprise At Ripple's Exclusion As Crypto Firms Look To Apply For Bank Licenses

Former Senatorial candidate and pro-XRP lawyer John Deaton has commented on a recent report that revealed certain crypto firms are looking to apply for bank licenses. Deaton expressed surprise that Ripple wasn’t among these firms, considering the efforts the crypto firm has made so far to disrupt the financial landscape.

John Deaton Comments On Ripple’s Exclusion

In an X post, Deaton stated that he is surprised not to see Ripple on the list of crypto firms looking to apply for bank licenses. The pro-XRP lawyer was reacting to a Wall Street Journal (WSJ) report, which revealed that Coinbase, Circle, BitGo, and Paxos were looking to apply for bank licenses.

Deaton remarked that it was only a matter of time before crypto firms look to compete with traditional financial institutions and become the go-to for banking needs. According to the WSJ report, the top crypto exchange and these other crypto firms plan to apply for bank charters or licenses.

This bank charter would enable these firms to operate as a bank or any other type of financial institution, depending on the agreement between the regulator and these firms on what kind of services they can provide.

Deaton’s surprise likely relates to the fact that Ripple has so far made several efforts to establish itself in the financial space, especially through its payment services. Moreover, the crypto firm recently agreed to acquire prime broker Hidden Road for $1.25 billion, as part of its effort to expand its services.

However, the crypto firm could still make a similar move to apply for a bank license once it ends its ongoing legal battle against the US Securities and Exchange Commission. The court recently granted both parties’ joint motion to pause the XRP lawsuit while they finalize their settlement.

Hidden Road Acquires FINRA Approval

While Ripple may not be looking to apply for a bank license just yet, the crypto firm is still making other moves, especially through its latest acquisition. Hidden Road recently received approval from the Financial Industry Regulatory Authority (FINRA) to operate as a member broker-dealer.

The firm explained that the approval will enable it to expand its recently launched fixed income prime brokerage platform, which includes Fixed Income Repo and Global Funding services. As a broker-dealer, Hidden Road will also be able to provide its clients with several regulatory-compliant prime brokerage, clearing, and financing services in fixed-income assets.

It is worth mentioning that Ripple executive Cassie Craddock recently revealed that the XRP Ledger (XRPL) will begin to power Hidden Road’s post-trade infrastructure as part of the crypto firm’s acquisition of the prime broker.

The post John Deaton Expresses Surprise At Ripple’s Exclusion As Crypto Firms Look To Apply For Bank Licenses appeared first on CoinGape.

4 Altcoins to Sell As Japan Refuses to Concede to US Tariff Demands

Monicah W

4 Altcoins to Sell Amid Japan’s Refusal to Concede on US Tariffs

The crypto market trades in the green today, April 21, with Bitcoin price clinching a three-week high above $87,000, pulling top altcoins up. However, despite the gains, macroeconomic fears still linger due to the ongoing US tariffs, with Japan’s recent refusal to concede on all US demands sparking marking anxiety. Traders are now looking for altcoins to sell to minimize the likelihood of making losses if any deal between the US and Japan on tariffs falls through. 

Japan-US Deal on Tariffs At A Crossroads – Time to Sell Altcoins? 

The deal between Japan and the US on tariffs may be on the verge of hitting a dead end, causing investors to look for altcoins to sell. Japan’s Prime Minister Shigeru Ishiba has stated that the country will not keep conceding to US tariffs to US demands on tariffs, suggesting that the negotiations might hit a dead end. 

At the same time, Fox Business reporter Charles Gasparino has stated that while there was “progress” in the ongoing trade deal talks with Japan, this tariff deal was not imminent, suggesting a slight chance that the talks may fail. 

Additionally, the level of market uncertainty has seen the price of gold surge past $3,400 for the first time in history. Meanwhile, the US dollar index has fallen to 98, its lowest level in over three years. These macroeconomic headwinds make it a perfect time for traders to sell altcoins and book profits before the downtrend progresses. 

4 Altcoins to Sell Now 

The four altcoins that investors should consider to sell now and Pi Network (PI), Mantra (OM), Polygon (POL), and Official Trump (TRUMP). These altcoins have stood out because of their bearish technical outlook and the lack of strong fundamentals. 

Pi Network (PI) 

Pi Network is one of the top altcoins to sell because of its bearish technical outlook as well as a lack of strong catalysts to support a recovery. At the same time, the ongoing PI token unlocks suggest that this altcoin might be on the verge of a downtrend despite attempts by the team to buy back the unlocked coins. 

The hourly chart shows that the Pi Network price has stumbled and fallen to the lower Bollinger band. This signals that Pi Coin might fall to the 1.618 Fibonacci level of $0.47, which might put the altcoin on the path to reaching all-time lows. 

4 Altcoins to Sell Amid Japan’s Refusal to Concede on US Tariffs
PI/USDT: 1-Hour Chart

Polygon (POL) 

The other top altcoin to sell is Polygon (POL). Analyst Andrew Griffiths has shared a bearish Polygon price prediction, suggesting that this altcoin might plunge significantly. In his analysis, Griffiths noted that POL price was approaching a key resistance level near the 200-day EMA. 

This analyst further noted that whale activity linked to Polygon was dropping, which further suggests that the altcoin might decline in price. Considering these bearish factors, Polygon is one of the top altcoins to sell now to avoid losses. 

4 Altcoins to Sell Amid Japan’s Refusal to Concede on US Tariffs
Polygon Price Chart

Official Trump (TRUMP) 

The other altcoin to sell is TRUMP, which is one of the meme coins associated with the US President. Data from Coinglass shows that TRUMP funding rates have flipped negative, which is an indication that short sellers are opening bets that this meme coin will record a massive decline. This is a bearish outlook for the TRUMP meme coin, which is why traders might decide to sell now to avoid losses. 

4 Altcoins to Sell Amid Japan’s Refusal to Concede on US Tariffs
TRUMP Funding Rate

Mantra (OM) 

Most crypto traders have been looking to sell the Mantra altcoin after the recent crash in this token tainted investor confidence. Despite efforts by the team to return this confidence through initiatives such as burning the tokens held by the team, this altcoin continues to plunge. If there is no fresh support from buyers to support a recovery, the altcoin is facing a bearish Mantra price prediction, making now an ideal time to sell. 

Summary of Top Altcoins to Sell 

The crypto market is on the verge of volatility amid reports that the tariff deal between the US and Japan is on shaky grounds, with the latter saying it will not concede to all demands. Due to the ongoing uncertainty, crypto traders are looking for the top altcoins to sell to avoid making losses if the market conditions flip bearish again.

The post 4 Altcoins to Sell As Japan Refuses to Concede to US Tariff Demands appeared first on CoinGape.

Donald Trump Warns Of A ‘Slowing Economy’ If Fed Chair Jerome Powell Doesn’t Cut Rates

Monicah W

Donald Trump Warns Of A 'Slowing Economy' If Fed Chair Jerome Powell Doesn't Cut Rates

US President Donald Trump has warned of what could happen to the US economy if the Fed Chair Jerome Powell refuses to act fast and cut interest rates. This is significant considering how a slowdown in the US economy could impact the crypto market.

Donald Trump Sounds Warning If Jerome Powell Refuses To Cut Rates

In a Truth Social post, Donald Trump stated that there can be a “slowing of the economy” unless Fed Chair Jerome Powell lowers interest rates. He affirmed that, with costs trending downward, it is almost impossible for inflation to occur, but a recession may be on the cards if Powell and his team fail to act.

This marks the US president’s latest call to Powell to cut interest rates. Trump alluded to the fact that the EU has already lowered rates seven times while the Fed Chair is yet to act. Interestingly, he accused Powell of lowering rates only last year to help Joe Biden and Kamala Harris win the Election, although that didn’t ultimately happen.

Despite Donald Trump urging Jerome Powell to cut rates, the Fed Chair has so far shown that has has no intention to lower interest rates. Instead, in a recent speech, Powell warned that Trump’s tariffs could lead to higher US inflation, suggesting that this is why the FOMC is refusing to ease its monetary policies just yet.

Meanwhile, with Powell refusing to lower interest rates, there are discussions that the US president could soon fire the Fed Chair. However, traders are betting against this happening and assert there is little chance it will happen this year.

Market expert Anthony Pompliano warned Trump against firing Powell, while Senator Elizabeth Warren stated that the stock market would crash if the US president did so. There is also the possibility that the crypto market could crash alongside the stock market.

Experts Expect Rate Cuts Despite Powell’s Hesitation

Despite Jerome Powell’s hesitation to heed Donald Trump’s calls to lower interest rates, experts still predict that there will be several Fed rate cuts this year. Citigroup expects the Fed to deliver an interest rate cut in June and maintains that there will be a total of 125 basis points (bps) of cuts this year.

Bank of America also recently predicted that there will be four interest rate cuts this year. They expect the first one to come at the May FOMC meeting, with the others coming in July, September, and December, respectively.

The post Donald Trump Warns Of A ‘Slowing Economy’ If Fed Chair Jerome Powell Doesn’t Cut Rates appeared first on CoinGape.