Author: Monicah W

The post Virtual Protocol (VIRTUAL) Soars 195% In April: Will The Rally Continue Or Face a Pullback? appeared first on Coinpedia Fintech News

• Virtuals Protocol became the top-performing coin of the month and week, with gains of nearly 195% and 150%, respectively
• Virtuals Protocol’s market cap surged 156.29% in April, crossing the $1 billion mark
• Daily active wallets on Base Network dropped 84.9% from January highs, & Solana saw a 79.3% decline, showing reduced user activity despite price gains.
• The RSI hit 84.75 and MACD shows a bullish crossover, as traders eye $2.00–$2.20 as a key zone for potential correction or breakout.
• DEX volume rose 683% in two weeks to $27.6M but remains 89.7% below January’s peak of $267.5M, reflecting low market depth.

Virtual Protocol, $VIRTUAL coin is trading at $1.73, with a market cap of $1.13B and a 24-hour trading volume of $652.85M, reflecting a 32.66% increase in price and a 98.70% surge in volume.

From Hype to Hold: Virtual Agent Creation Hits a Plateau After Early Surge

Looking at the “AI Agents Created (Cumulative)” chart, we can see that demand for creating AI agents in the Virtual Ecosystem has cooled off over time. After a rapid spike from 68 agents in October to 16K agents by mid-January — a rise within just 3 months — the numbers have since plateaued, holding steady between 16K and 17,695 agents for the past 4 months.

This indicates that while there was an initial FOMO-driven rush, possibly fueled by hype or speculation, the market has now settled into a consolidation phase.

Virtual Protocol Sees Sharp Drop in Daily Active Wallets Despite Expansion to Solana

Virtuals Protocol, has seen a steep decline in user engagement, measured by daily active wallets (DAWs), despite expanding from Coinbase’s Base chain to Solana.

On January 2, 2025, the protocol recorded its peak activity with 58,641 DAWs on Base and 2,562 on Solana, totaling 58,641. However, by April 20, DAWs had dropped over 61% to 22,315 on Base and 241 on Solana—totalling 22,556, Making it  a two-month high.

The decline continued through April 30, with DAWs falling to just 8,328 on Base and 529 on Solana, amounting to 8,857 users—a sharp 84.9% drop from the January peak.

Virtuals Protocol Sees 200% Price Jump, But DEX Volume Remains Weak

Despite a 200% price rally over the past two weeks, Virtuals Protocol’s trading volume on decentralized exchanges shows only a modest recovery.

On April 16, 2025, total DEX volume was $3.52 million — $3.29M on Base and $229K on Solana. Two weeks later, on April 29, volume rose to $27.6 million, with $26.4M on Base and $1.17M on Solana.

While this marks a 683% jump in volume, it’s still nearly 90% lower than the January peak of $267.5 million — signaling weak market participation despite the price hype.

Parabolic Surge in VIRTUALUSD Nearing Exhaustion: Key Profit Zone Ahead for Crypto Traders

Looking at the VIRTUALUSD chart and its on-chain behaviour, the asset is displaying a classic parabolic curve structure, with three completed bases fueling a sharp vertical rally. This began around April 10, breaking Base 1 ($0.60), Base 2 ($1.10), and Base 3 (~$1.40) to reach a high of $1.97 by May 1. This aggressive upside suggests the market is entering the Final pump, where $2.00–$2.20 is the projected Sell Point.

This Sell Point is a crucial level to watch—not only due to technical exhaustion, but because RSI is now extremely overbought at 84.75, signalling that price may soon reverse or consolidate. Additionally, the MACD continues to show a strong bullish crossover with widening histogram bars, confirming momentum, but the angle is steep, indicating a possible cooldown ahead.

If the parabolic rally sustains, VIRTUALUSD could reach its previous high of $2.60 by MAy 1st week. However, a failure to break $2.20 could trigger a healthy retracement to support levels at $1.40 and $1.10. Traders should monitor volume and momentum closely while managing profit-taking strategies near the peak zone.

The post Virtual Protocol (VIRTUAL) Soars 195% In April: Will The Rally Continue Or Face a Pullback? appeared first on Coinpedia Fintech News
Virtuals Protocol became the top-performing coin of the month and week, with gains of nearly 195% and 150%, respectively Virtuals Protocol’s market cap surged 156.29% in April, crossing the $1 billion mark Daily active wallets on Base Network dropped 84.9% from January highs, & Solana saw a 79.3% decline, showing reduced user activity despite price …

The Shiba Inu community is once again mirroring optimism amid a massive 3,800% burn rate recorded on Thursday. On-chain metrics have revealed that 284 million SHIB got destroyed in the last 24 hours, suggesting a bullish outlook for long-term price prospects. SHIB price is currently trading around the $0.000013 price level, with the crypto holding support at $0.000012.

Shiba Inu Burn Rate Soars 3900% As 284M Coins Destroyed

According to the official tracker Shibburn’s data on May 1, the Shiba Inu burn rate sky shot by a whopping 38299% in just 24 hours. As per the data, this massive surge came against the backdrop of 283.74 million tokens ditched from the supply intraday.

Primarily, the wallet address 0x6081258689a75d2…887239fe was reported to be responsible for the lion’s share in the burn upswing as it solely burnt 263.70 million SHIB over the past day. In the upshot, broader market sentiments about such massive burns remain bullish, given the law of supply and demand.

It’s notable that the SHIB burn mechanism permanently reduces the supply by sending tokens to a null address, making their retrieval impossible. In turn, the meme coin’s supply takes a severe hit, and long-term price prospects also reflect optimism.

SHIB Price Still Waning

However, despite the massive burn rate surge, SHIB coin’s price has prevented any major gains and continued its consolidation today2. At the time of reporting, the meme coin rested at $0.00001331, maintaining a trading session around the previous day’s levels.

Notably, the short-term impact of such massive burns is usually negligible, although historical data shows that it is bullish for long-term prospects. A total of 410.73 trillion tokens have been burnt to date, thanks to the Shiba Inu burn mechanism. Besides, 584.41 tokens are still left in circulation, per the tracker’s data.

A SHIB price prediction by CoinGape in the interim revealed that the meme coin eyes a price rally shortly ahead. This bullish projection rides the back of strong technicals and bullish on-chain metrics. Notably, the dog-themed crypto is currently in an accumulation zone and the next key level to watch is $0.00001364. Overall, broader market sentiments orbiting the meme coin remain bullish amid rising Shiba Inu burn rates and other bullish dynamics.

The post Shiba Inu Community Burns 284M Tokens In 24 Hours, What’s Happening? appeared first on CoinGape.

Dankrad Feist has unveiled a massive scaling proposal for Ethereum to save the network from a steep decline. The researcher notes that an unconventional Ethereum Improvement Proposal (EIP) to increase the gas limit will be a lifeline for the beleaguered network.

Dankrad Feist Proposes Ethereum 100X Scaling Proposal

Ethereum developer Dankrad Feist has submitted EIP-7938 designed to increase Ethereum’s gas limit exponentially. According to the improvement proposal, the ambitious plan is seeking to increase the network’s capacity by 100-fold in a push over the next four years.

While the plan is an uphill climb, Dankrad Feist argues that EIP-7938 is a necessary for Ethereum’s survival over years. However, community members have poked holes in the proposal for being unconventional but Dankrad Feist says a 100X scaling for Ethereum is the solution to waning network activity.

“I do think it is time for being unconventional, because the current way of doing things is likely to make Ethereum irrelevant over the next 5-10 years,” said Feist.

Cardano founder Charles Hoskinson says Ethereum will fall within 15 years given its outdated tech and L2 fragmentation. Solana’s rise and glowing network activity have not only sparked speculation of a flippening but is stoking conversation of Ethereum’s incoming demise.

Here’s Why The Expert Is Defending The Massive Scaling Proposal

Apart from handing a lifeline to the network, Dankrad Feist notes that the 100X scaling proposal will be the strongest statement of intent for the network. For starters, the proposal offers strategic benefits to Layer 1 while preventing fragmentation of liqudity across several L2s.

Secondly, the expert argues that Ethereum can scale the L1 by 100X without losing its verifiability and censorship resistance perks. Finally, Feist committing to the scaling timeline will offer a range of benefits including the advantages of “working backwards from a goal” rather than sticking to small, incremental changes.

“Ethereum L1 is currently still the home for DeFi but this might not be true for much longer if we don’t start strongly supporting applications,” said Feist.

The developer warns that the final outlook might see some part of Ethereum look like Solana but he says comparison is “irrelevant.”

Firms like Galaxy Digital are offloading ETH for SOL given an underwhelming price performance for the largest altcoin. ETH price currently trades at $1,845 after a shoddy performance in Q1, sparking fears of a steeper drop below $1,000.

The Ethereum-to-Bitcoin ratio has sunk to its lowest level in five years with Taproot Wizard co-founder Eric Wall blaming the decline on rising competition and the failure of ETH to evolve as a “wartime asset.”

The post Dankrad Feist Warns Ethereum In Danger If It Fails To Scale 100X appeared first on CoinGape.

Investors appear to be growing cautious about the Bitcoin rally, with the BTC inflow slowing down. The recent outflow in the US Spot Bitcoin ETF indicates a waning institutional interest, with many seeing it as a potential threat to the ongoing rally.

Will Bitcoin Rally Continue Amid Slowing BTC Inflow?

The US Bitcoin ETF inflow has slowed from its robust performance over the last eight days, Farside Investors data showed. From April 17-29, the BTC inflow totaled $3.93 billion, which has helped in a strong rally for the flagship crypto’s price, sending it to over $95K.

BlackRock BTC ETF Reigns Supreme

However, on April 30, the investment instruments recorded a combined outflow of $56.3 million. It’s worth noting that BlackRock IBIT has still recorded an inflow of $267 million on Thursday. Also, IBIT has consistently recorded inflows since April 14.

Meanwhile, the recent combined outflow indicates that the institutional interest is fading, which might add pressure on the crypto’s price. Besides, many are also questioning the potential of the Bitcoin rally ahead.

Bitcoin Rally To Sustain? Here’s What To Watch Next

Despite the slowdown in BTC inflow on Thursday, it appears that investors are still putting their bets on the asset. It also indicates that the traders are confident in the long-term potential of Bitcoin, betting on a continuing rally.

Notably, BTC price today was up over 1.3% and traded over $96,000 during writing. However, in the early US hours, the price dropped to $93,796 on Friday. Besides, the future open interest of the asset also rose by over 5%, reflecting the strong confidence of the traders.

What Lies Ahead?

According to CryptoQuant analyst Axel Adler Jr, Bitcoin’s on-chain momentum is gaining steam, with three possible scenarios shaping its next rally. The optimistic outlook predicts a price surge to $150-175K if the Ratio breaks above 1.0.

A base case scenario suggests consolidation between $90-110K, while a pessimistic outlook warns of a correction to $70-85K. With the Ratio currently at 0.8, the next six months will be crucial in determining Bitcoin’s trajectory.

Meanwhile, a recent BTC price prediction also showed that the crypto is likely to soar past the $100K mark this month. Considering all these, it appears that the Bitcoin rally may continue in the coming days, especially if the ETF inflow recovers to provide more support to the bullish momentum.

The post Is Bitcoin Rally Over Now As BTC Inflows Slow Down? appeared first on CoinGape.

Cryptocurrency exchange Kraken has expanded its services in the United Kingdom with the launch of derivatives trading. The company is targeting professional investors in what constitutes the company’s second-largest market. The new offering has been gradually introduced in recent weeks and is now available to all qualifying clients who complete a specific onboarding process.

Kraken’s new offering is only for professional clients

Access to these derivative products is restricted to “professional clients” as defined by the U.K. Financial Conduct Authority (FCA). Kraken has identified derivatives as a key growth area. These products account for approximately 70% to 75% of total cryptocurrency trading volume across the market.

According to Alexia Theodorou, Kraken’s head of derivatives, while spot and derivatives volumes are currently balanced on the platform, “crypto derivatives are growing at a faster pace than spot” in the broader market.

“That’s why we are doubling down on derivatives, given the trends and ratios that we see as more and more institutional clients are entering the space,” Theodorou explained. The top cryptocurrency exchange considers it a big investment from their end in the UK.

The derivatives services are being offered through the Kraken Multilateral Trading Facility (MTF). It is a regulated platform operated by Crypto Facilities, which became the first crypto firm to secure an MTF license from the FCA in 2020. Kraken acquired Crypto Facilities in 2019 in a deal valued at over $100 million. Clients will access these services through Kraken’s futures broker based in Bermuda.

The post Kraken Expands to UK: Launches Crypto Derivatives Trading appeared first on CoinGape.

The post SUI Price Breaking Out, May Reach $4 – Will SEI Price Follow the Trend? appeared first on Coinpedia Fintech News

As the Bitcoin price marches beyond $96,000, Ethereum and all the other altcoins have also begun to rise. The Solana price has reclaimed levels above $150, which has triggered the SUI & SEI price rally. Both the popular tokens that have been maintaining a strong ascending trend may soon trigger a breakout and reach a new ATH. 

SUI Price Prediction—Will it Reach $10 in 2025?

SUI price is breaking out from a range-bound consolidation that it held for over a week following a 60% upswing. Despite the rise, the prices did not enter a correction phase, which indicates a strong presence of bulls who have now begun to utilize their accumulated strength. Therefore, the SUI price is not believed to maintain a healthy upswing and eventually begin a fresh bullish trend. 

The daily chart of SUI suggests the price is breaking out from a bull flag pattern that may further help the price to reach the local resistance close to $4. Meanwhile, the MACD shows a drop in buying pressure, which may also lead to a bearish crossover. However, the 50-day MA has triggered a bullish reversal, which hints towards a potential Golden Cross in the coming days. Therefore, the SUI price is believed to maintain a healthy ascending trend and mark a new ATH somewhere around $7. 

SEI Price Prediction 2025—Can Bulls Make it to $1?

SEI price has initiated a strong rebound from the bottom below $0.14. The price is trying hard to maintain a constant higher high and lower low as the strength of the bulls continues to grow. However, the price has surged above a bearish pattern, which suggests the fresh upswing could be nearby, which may elevate the levels close to $0.5. 

As seen in the above chart, the SEI price has surged above the bearish Gaussian Channel, and hence, the channel is believed to turn bullish anytime from now. Besides, the CMF that was jammed around the average range at 0 has risen significantly, hinting towards an increase in the money flow. Therefore, the SEI price is expected to maintain a decent ascending trend and test the upper targets at $0.32, $0.40, and $0.44. After securing all the ranges, the token could enter the crucial resistance zone between $0.48 and $0.5 and a rise may trigger a bull run to a new ATH. 

The post SUI Price Breaking Out, May Reach $4 – Will SEI Price Follow the Trend? appeared first on Coinpedia Fintech News
As the Bitcoin price marches beyond $96,000, Ethereum and all the other altcoins have also begun to rise. The Solana price has reclaimed levels above $150, which has triggered the SUI & SEI price rally. Both the popular tokens that have been maintaining a strong ascending trend may soon trigger a breakout and reach a …

The post Elon Musk Slams WSJ Over “False” CEO Exit Rumors – Crypto Leaders Rally appeared first on Coinpedia Fintech News

Elon Musk isn’t holding back. The Tesla CEO has blasted The Wall Street Journal (WSJ) for publishing what he called a “deliberately false” article claiming Tesla’s board is looking to replace him as CEO.

In a fiery post on X, Musk called it an “EXTREMELY SERIOUS ETHICS VIOLATION,” accusing WSJ of ignoring a direct denial from Tesla’s board. The report suggested that concerns over Musk’s political involvement and divided attention across his ventures pushed the board to seek a new CEO.

Tesla’s board chair, Robyn Denholm, didn’t waste time firing back. Posting from Tesla’s official X account, she stated clearly that the board has not contacted any recruiters and fully supports Musk’s leadership.

It is an EXTREMELY BAD BREACH OF ETHICS that the @WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors! https://t.co/9xdypLGg3c

— Elon Musk (@elonmusk) May 1, 2025

Why Is This Report Coming Out Now?

The WSJ report dropped just as Musk faces fresh criticism over his political ties – specifically his advisory role in Donald Trump’s Department of Government Efficiency (DOGE).

Critics argue that Musk’s involvement in the Trump administration has hurt Tesla’s image, especially in international markets.

Meanwhile, Tesla’s Q1 numbers haven’t helped the narrative:

• Profits dropped 71% in the first quarter
• Market value fell by over $800 billion since the start of the year

Tesla Stays Bullish on Bitcoin

Despite the rocky earnings, Tesla didn’t sell its Bitcoin. The company’s crypto holdings dropped from $1.076 billion to $951 million in Q1 2025, right in line with Bitcoin’s 11.56% price dip to $82,514.

Also Read: How Elon Musk’s Tesla and Bitcoin Investments are Dominating Global Markets

Crypto Leaders Join the Backlash

Musk isn’t the only one calling out WSJ. Big names in crypto have been doing the same.

On April 12, Binance’s former CEO, Changpeng Zhao (CZ), slammed a WSJ report that claimed he agreed to testify against Tron’s Justin Sun as part of a DOJ deal.

“WSJ is really TRYING here. They seem to have forgotten who went to prison and who didn’t,” Zhao wrote in an April 12 X post. “People who become gov witnesses don’t go to prison. They are protected. I heard someone paid WSJ employees to smear me.”

And this isn’t new. Back in March 2023, Tether also rejected a WSJ article accusing it of using fake documents and shell companies to keep banking access. Tether called the claims “stale,” “inaccurate,” and “misleading.”

It’s Bigger Than Just Elon

This goes beyond one headline. Musk and major crypto players are pushing back hard against what they say is biased, agenda-driven reporting by legacy financial media.

With Musk now balancing Tesla, SpaceX, Neuralink, and the recently merged X and xAI – while advising DOGE remotely – there’s more scrutiny than ever.

But for now, the message from Tesla’s board is crystal clear: Musk is still in charge.

The post Elon Musk Slams WSJ Over “False” CEO Exit Rumors – Crypto Leaders Rally appeared first on Coinpedia Fintech News
Elon Musk isn’t holding back. The Tesla CEO has blasted The Wall Street Journal (WSJ) for publishing what he called a “deliberately false” article claiming Tesla’s board is looking to replace him as CEO. In a fiery post on X, Musk called it an “EXTREMELY SERIOUS ETHICS VIOLATION,” accusing WSJ of ignoring a direct denial …

The post Crypto News Today : Bitcoin Price USD, Morgan Stanley Crypto, Ethereum Price, Dow Jones Today appeared first on Coinpedia Fintech News

The post Crypto News Today : Bitcoin Price USD, Morgan Stanley Crypto, Ethereum Price, Dow Jones Today appeared first on Coinpedia Fintech News
May 1, 2025 12:07:25 UTC Eric Trump Confirms USD1 Stablecoin Chosen for MGX’s $2B Binance Investment At Token2049 in Dubai, Eric Trump revealed that the Trump family’s stablecoin, World Liberty Financial USD (USD1), has been selected as the official stablecoin for MGX’s $2 billion investment in Binance. The announcement follows MGX’s earlier disclosure of plans …

The post Morgan Stanley Crypto Trading Coming to ETrade appeared first on Coinpedia Fintech News

Imagine buying Bitcoin or Ethereum just like you buy stocks on your regular trading app. That’s exactly what Morgan Stanley wants to make possible. This big U.S. bank is working on a plan that could let everyday people trade real cryptocurrencies through its E*Trade platform.

So, what’s happening? Let’s break it down.

Morgan Stanley’s Big Crypto Plan

Morgan Stanley is planning to let users buy and sell real cryptocurrencies like Bitcoin and Ether directly on its E*Trade platform. Until now, Morgan Stanley only offered crypto-related products like ETFs and futures to its wealthier clients. But the goal is to open it up to regular users next year.

Instead of giving people crypto exposure, it wants to give them the real thing, actual coins like Bitcoin and Ether.

The bank is still building the system and may partner with one or more crypto companies to make this happen. Once it’s ready, people will be able to trade crypto the same way they trade stocks, easily and in one place.

Why Now? What’s Changed?

This shift didn’t happen overnight, it follows a massive change in U.S. crypto policy under President Donald Trump. His administration issued executive orders to support digital assets, rolled back harsh regulations, and sent a clear message: crypto is welcome in the U.S. economy.

Regulatory bodies like the SEC, Fed, and FDIC also eased their stance, making it easier for banks to work with crypto firms. These changes have encouraged big banks, once afraid of crypto risks, to start exploring the space again.

The Crypto Race Is Heating Up

Morgan Stanley isn’t the only one jumping in. Robinhood, Coinbase, and even Charles Schwab are all competing for crypto users. With a trusted name and strong security, Morgan Stanley might attract people who were unsure about crypto before.

And they’re not alone. Charles Schwab and SoFi are also eyeing crypto offerings, signaling that traditional finance is finally embracing the digital asset world.

If Morgan Stanley gets it right, it could mark the start of a new chapter, where crypto isn’t just for early adopters, but for everyone.

The post Morgan Stanley Crypto Trading Coming to ETrade appeared first on Coinpedia Fintech News
Imagine buying Bitcoin or Ethereum just like you buy stocks on your regular trading app. That’s exactly what Morgan Stanley wants to make possible. This big U.S. bank is working on a plan that could let everyday people trade real cryptocurrencies through its E*Trade platform. So, what’s happening? Let’s break it down. Morgan Stanley’s Big …