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On Wednesday, Bitcoin spot ETFs recorded their first net outflow since April 16, halting an eight-day streak of consistent inflows. 

The outflow marked a notable reversal after the funds collectively attracted over $2 billion in net inflows during the prior eight trading sessions.

Bitcoin ETFs Face $56 Million Exit Amid Sideways Price Action 

Yesterday, the total net outflow from BTC spot ETFs came to $56.23 million. This sudden shift in funds flow suggests a potential cooldown in institutional demand following a sustained period of accumulation.

BTC’s price consolidation since April 25 may have prompted this pullback. An assessment of the BTC/USD one-day chart reveals that the leading coin has traded within a narrow range since then, facing resistance at $95,427 and finding support at $93,749. 

With BTC consolidating tightly and failing to break key levels, some key investors are opting to de-risk their positions by temporarily withdrawing capital from BTC-backed funds. An extended period of sideways price action comes with uncertainty around short-term momentum, making it harder to sustain the aggressive inflows into BTC ETFs. 

On Wednesday, BlackRock’s iShares Bitcoin Trust (IBIT) was the only fund to buck the trend, recording a net inflow of $267.02 million, bringing its total historical net inflow to $42.65 billion.

Fidelity’s FBTC saw a $137.49 million exit from the fund in a single day. Despite the drawdown, FBTC’s total historical net inflow stands at $11.63 billion.

BTC Derivatives Market Shows Mixed Sentiment 

Meanwhile, despite the recent price consolidation, derivatives market data reflect a mixed sentiment among traders. Open interest in BTC futures has declined slightly over the past day, signaling reduced activity.

At press time, this stands at $61.50 billion, noting a 1% dip over the past day. A drop in open interest like this suggests that traders are closing out positions rather than opening new ones. This trend reflects uncertainty or waning conviction in BTC’s short-term price direction. 

However, the coin’s funding rate remains positive, indicating that long traders are still dominant. As of this writing, this stands at 0.0039%, confirming the preference for long positions over short ones. 

This bullish sign indicates that despite BTC’s price stagnancy, many of its futures traders are still opening bets in favour of a price rally. 

Additionally, the options market shows a higher volume of call contracts than puts, a sign that some market participants will continue to bet on an upward breakout in the near term.

The pullback in ETF inflows may reflect profit-taking after a strong April performance, but data from both futures and options markets suggest investors are not turning bearish just yet.

The post Bitcoin ETFs Bleed $56 Million, Ending 8-Day Inflow Streak | ETF News appeared first on BeInCrypto.

Gate.io, a world-leading cryptocurrency exchange, successfully concluded its 12th Anniversary Global Celebration in Dubai. The two-day series of events gathered investors, blockchain entrepreneurs, and industry leaders from around the world, injecting fresh energy and ideas into the Web3 space. The celebration was made possible with strong support from key partner Huawei, underscoring a pivotal moment in Gate.io’s brand evolution.

Charting the Path to “The Next-Generation Crypto Exchange”

At the main event, Gate.io Founder and CEO Dr. Han delivered a keynote speech, reflecting on the platform’s twelve-year growth journey and key achievements. He also presented the strategic vision for Gate.io, outlining a comprehensive upgrade in both technological capabilities and ecosystem roles for the future of the exchange.

Dr. Han noted that the past twelve years have been marked by a technology-driven, user-first, and long-term vision approach. Standing at a new starting point, Gate.io will continue to strengthen Web3 infrastructure and drive the broader global adoption of crypto. He emphasized, “We are advancing toward the ‘next-generation crypto exchange’. It is a transformation that not only signifies a leap in technology but also a comprehensive evolution in capability.”

Dr. Han further stated that a truly long-term leading exchange must possess five core capabilities: serving billions of users, supporting millions of tokens, executing trillions in trading, providing custody for trillions in funds, and adhering to compliance and regulations. “This is not just a vision of Gate.io. It is the path we are actively building.”

A Convergence of Ideas: Resonating with Web3’s Future Value

More than a celebration, the event served as a high-level forum for dialogue and reflection. During the Fireside Chat, Gate.io CBO Kevin Lee talked to IBC Group Founder and CEO Mario Nawfal for an in-depth discussion on the topic “Crypto Influence in 2025: Still a Net Positive?” In addition, Kevin joined Gate.io CGEO Laura to moderate two dedicated panel discussions, centered on “The drives of the Next Bull Run” and “The Real Value of Web3 Projects”, sparking widespread engagement and lively debate among attendees.

Cross-Industry Synergy: Creating New Web3 Social Experiences

Serving as a prelude, the SPORT3 DUBAI 2025 sports carnival took place on April 29. Featuring a range of athletic competitions including football, badminton, and padel, the event built a vibrant bridge between technology and sports, platforms and users, as well as industry partners. The atmosphere on-site was electric. Gate.io CBO Kevin Lee personally joined the football and padel matches, exemplifying team spirit and competitive drive, while Founder and CEO Dr. Han attended the event, bringing the carnival to an exciting climax.

The success of Gate.io 12th Anniversary Global Celebration reinforced the platform’s pioneering influence in the crypto space and delivered a bold message about the spirit and vision of Web3 connectivity, showcasing its strategic transformation toward becoming the “next-generation crypto exchange”. As Gate.io embarks on its next twelve-year journey, it will continue working hand in hand with global users and partners to usher in a more advanced, collaborative era in the digital asset industry.

Disclaimer:

This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate.io may restrict or prohibit certain services in specific jurisdictions. For more details, please read the applicable user agreement.

The post Gate.io 12th Anniversary: Dr. Han Reveals the Next-Gen Exchange Vision appeared first on BeInCrypto.

Robinhood Markets reported its first quarter (Q1) earnings on Wednesday, revealing commendable growth over the past several months.

The development adds to Robinhood’s list of bullish developments this year after the US SEC (Securities and Exchange Commission) dropped its probe against the online brokerage platform.

Robinhood Records 100% Q1 Crypto Revenue Growth

Robinhood Markets reported its Q1 earnings on Wednesday, April 30, detailing its financial results for the first quarter of 2025. The platform’s CEO and co-founder, Vlad Tenev, and CFO Jason Warnick led the broadcast, which was shared on X (Twitter) and YouTube.

Robinhood Markets, Inc. Q1 2025 Earnings Call https://t.co/HFwb6GXlcF

— Robinhood (@RobinhoodApp) April 30, 2025

While Tenev and Warnick had much to say about the brokerage platform’s performance in Q1 2025, the highlight was its crypto revenue between January and April.

Reportedly, crypto revenues doubled to $252 million, marking a 100% increase year-over-year (YoY). In the same tone, crypto trading volumes hit $46 billion, up by 28% YoY.

These are notable feats given fierce competition from centralized exchanges like Binance and Coinbase.   

“We began the year strong with 50% YoY revenue growth and 106% EPS growth, alongside disciplined expense management. We’re also returning capital aggressively with expanded share repurchases, signaling confidence in our long-term growth,” said Warnick.

Perhaps the recent move by the US SEC to drop its probe into Robinhood exacerbated the financial traction. Despite its May 2024 Wells Notice against the platform, the securities regulator concluded the investigation without penalties.

Robinhood Shares Strategic and Operational Highlights

Beyond financial traction, Robinhood’s Q1 earnings revealed accelerated product innovation on different paradigms, including Robinhood Strategies, Banking, and Cortex. According to Tenev, customers warmed up to the platform’s offerings, adding credence to the platform’s notable Q1 revenues.

“…customers responded with record-breaking net deposits, Gold subscriptions, and trading volume across all asset classes,” Tenev stated.

Among the innovations presented, comprising strategic and operational highlights, is a Bitstamp acquisition in the pipeline, expected to close mid-2025. BeInCrypto recently reported details of the acquisition, citing a $200 million deal.

The acquisition comes as Robinhood looks to enhance its crypto services. Bitstamp brings over 50 active licenses and registrations worldwide. With this, Robinhood will integrate a reputable institutional business into its ecosystem.

Beyond the Bitstamp acquisition, Robinhood is also working on global expansion into the UK and EU, positioning itself as a fierce competitor in the crypto space.

Robinhood is also innovating with prediction markets like Kalshi and advanced trader tools, tapping into the growing demand for diverse crypto offerings. Its prediction market has reportedly traded over 1 billion event contracts in six months.

With 25.8 million funded customers and $221 billion in platform assets, Robinhood is becoming a go-to financial hub for crypto-savvy users.

Despite the bullish developments, Robinhood’s HOOD token has only increased by a modest 1% in the last 24 hours. As of this writing, it traded for $0.00003370 on the MEXC exchange against the USDT stablecoin.

The post Robinhood’s Crypto Revenue Doubles to $252 Million in Q1 2025 Ahead of Bitstamp Acquisition appeared first on BeInCrypto.

Following Binance’s delisting announcement, Alpaca Finance (ALPACA) has experienced a staggering quadruple-digit price rally over the past week.

This counterintuitive market behavior has sparked intense discussion among analysts and traders. Many experts suggest that this could be a case of market manipulation.

Why Did ALPACA’s Price Pump Despite Binance Delisting? 

Usually, a Binance listing is a bullish signal for tokens, often driving prices upward due to increased visibility and liquidity. However, recent trends indicate a reversal of this pattern.

On April 24, Binance announced the delisting of four tokens, including ALPACA. While the value of all other tokens declined, ALPACA’s price shot up. BeInCrypto data showed that the token appreciated by over 1,000% over the past seven days.

Nevertheless, the momentum appears to have slowed somewhat as ALPACA nears its delisting on May 2. Over the past day, its value has dipped by 34.5%. At the time of writing, it was trading at $0.55.

Yet, ALPACA’s unusual rise has grabbed the attention of market watchers. 

“ALPACA is the worst crypto manipulation I’ve seen in recent times. How do you pump a token from 0.02 to 0.3 then sell it back to 0.07 and pump it from 0.07 to 1.27 then back down to 0.3,” a user wrote.

Analyst Budhil Vyas called it a “textbook liquidity hunting.” He explained that large market players, or whales, initially drove the price down by 80%, triggering panic and liquidations. Then, just before the 2-hour delisting deadline, they rapidly pumped the price by 15X. 

Vyas believes this was a strategic move to extract liquidity from the market, as these whales were desperate to secure positions before the asset was removed from the exchange. He further emphasized that no real accumulation was taking place. 

The analyst said the price surge was purely tactical. It was designed to drain whatever liquidity was left in the market.

“This is crypto in 2025. Stay alert,” Vyas cautioned.

Meanwhile, Johannes also provided a detailed breakdown of the mechanics behind such price manipulations. In the latest X (formerly Twitter) post, he elaborated that sophisticated parties exploit the low liquidity that follows delisting announcements. 

The strategy involves dominating a large portion of the token’s supply. The traders take large positions in perpetual futures, betting on the token’s price rising, as these contracts are more liquid than spot markets.

They then buy the token on the spot market, increasing demand and price. With most of the supply controlled, there is little selling pressure, allowing the price to spike.

Once the delisting occurs, the perpetual futures positions are forced to close with minimal slippage. This enables traders to lock in substantial profits. 

DeFi analyst Ignas also weighed in on the situation. According to Ignas, this pattern has been observed before, especially during delisting announcements on the South Korean exchange Upbit. 

In fact, he noted that delistings used to receive similar, if not more, attention from speculators as new listings in the country.

“A delisting window requires closing down deposits, so with an inflow of new tokens restricted, degens pump the price to get the last hooray before an inevitable dump,” he wrote.

Ignas referenced Bitcoin Gold (BTG) as an example. The altcoin’s price increased by 112% after Upbit announced its delisting, showing that this price-pumping behavior still occurs.

These cases have sparked debate about whether the “pump → delist” pattern is becoming a new trend. As the crypto market matures, these manipulative practices highlight the urgent need for research, vigilance, and stronger regulatory oversight to protect investors from predatory strategies.

The post Experts Break Down Why ALPACA’s 1,000% Surge Could Be Market Manipulation appeared first on BeInCrypto.

Bitcoin, the leading cryptocurrency, has recently shown signs of recovery after a period of consolidation. Over the past few weeks, BTC’s price action has begun to push higher, suggesting the possibility of a rally that could propel the cryptocurrency toward the much-anticipated $100,000 mark. 

This movement has sparked renewed optimism among investors, as a significant price surge could bring considerable profits to those holding Bitcoin.

Bitcoin Investors Are Eager For Profits

The MVRV (Market Value to Realized Value) ratio has recently bounced off the mean line of 1.74, which is historically a strong point of confidence for Bitcoin. When this ratio rebounds from the 1.74 level, it often signals the early stages of a bull market. This market structure closely mirrors the one seen during the previous consolidation phase in 2024, which culminated in a peak during the yen-carry-trade unwind in August. 

Following this, Bitcoin experienced a sharp price jump in September 2024, validating the bullish signal provided by the MVRV ratio. As Bitcoin’s price approaches this key level once again, there is potential for similar price action. 

Bitcoin’s overall macro momentum is also supported by strong demand from investors. According to the IOMAP (In/Out of the Money Around Price) data, approximately 649,600 BTC, valued at over $61.6 billion, were purchased between $95,193 and $97,437. This large accumulation by investors establishes a solid support level for Bitcoin, should BTC holders refrain from selling immediately to break even. BTC could rise further if greed drives these investors to hold instead of selling immediately.

Combined with the early signs of a bull market with demand for gains, Bitcoin could reach the $98,000 resistance, validating the profitability of the $61.6 billion worth of BTC bought at these levels and securing the range as support. The increasing number of buyers in this range creates a strong foundation for Bitcoin’s price to surge further.

BTC Price Aims At Breakout

Bitcoin’s price has shown a short-term uptrend over the past three weeks, currently trading at $94,748. Although Bitcoin has been consolidating below the $95,761 level for the past week, it is poised for a possible surge. The positive momentum indicates that Bitcoin may break through the current resistance and continue its upward trajectory.

If Bitcoin manages to secure $95,761 as support, it could begin its climb toward $98,000. Breaking this resistance would open the path for Bitcoin to target the next key level of $100,000, which remains a major psychological barrier for investors. With strong support levels and positive market sentiment, Bitcoin could reach these milestones sooner than expected.

However, if Bitcoin fails to breach $95,761 and falls through the support at $93,625, it could face a decline to $91,521. This drop would invalidate the short-term bullish outlook, signaling potential market weakness. A reversal at these levels would require close monitoring of market conditions to determine the next potential price movements.

The post Bitcoin Worth $61 Billion Nears Profitability As Early Bull Signs Appear appeared first on BeInCrypto.

Following weeks of hype in the run-up to the airdrop and the associated centralized exchange (CEX)   listings, sentiment indicators for Zora tokens have dropped, suggesting this was a short-term trend.

Zora marked the advent of content coins, a controversial trend that bore the support of Base creator Jesse Powell.

Zora Token Sentiment Drops Post-Airdrop: Was It Just Hype?

According to data on CoinGecko, the ZORA token price is down by 11.5% in the last 24 hours. As of this writing, it was trading for $0.01244.

This drop is unsurprising considering how much sentiment has fizzled out for the token after the Zora airdrop. The Zora airdrop aimed to boost ecosystem participation by distributing 10% of its 10 billion ZORA tokens to early users.

According to data on LunarCrash, engagement and mentions have dwindled since April 23, when the Zora airdrop happened.

Specifically, engagement is down by 98%, from over 12.2 million to around 142,000 as of this writing. Meanwhile, Zora mentions are down 58% since April 23. Further, creators on the Zora app have reduced by 57.6% since April 23, whereas sentiment is down by a modest 6%.

Meanwhile, data on SimilarWeb shows platform traffic on Zora.co has dropped from 500,000 to 300,000 over the past three months. Data on Dune also indicates that users on the Zora Network have decreased by 90% since the peak in early April 2024.

A look at the “Coin It” indicator reveals the same sentiment, showing a sharp decline in the frequency of Jesse Pollak’s phrase “coin this” or “coin it” on social media. After peaking at 15 mentions on April 15, this metric is down to 1 after the Zora airdrop. This suggests a decline in engagement with content coins post-airdrop.

Jesse Pollak admitted in a thread that he had received feedback about being too aggressive in communication earlier, leading to some missteps in messaging. He said he has since adjusted by slowing things down.

“…I got feedback on being too loud, and to be direct I made some mistakes in my messaging, so I’ve taken that feedback and slowed down,” Pollak stated.

Nevertheless, this decision does not mean he stopped believing in content coins and on-chain social platforms like Zora. Pollak is committed to helping builders push boundaries on Base toward realizing on-chain’s full potential.  

Pollak pushed the concept of content coins on the Base platform. It involves tokenizing individual pieces of content on-chain.

In a recent interview with BeInCrypto, Pollak distinguished between meme coins and content coins. He emphasized the latter’s potential to empower creators without reliance on speculative communities.

Pollak also articulated Base’s vision to expand the on-chain creator ecosystem. To do this, they would foster virality and creativity while lowering the barrier for non-crypto users to engage with blockchain technology.

“We’re working to bring a billion people on-chain, and we know we can’t do that alone. I have a lot of respect for the Solana team – they have done a lot to onboard people into crypto, and I’m glad to see that. We’re looking to grow the pie, not just compete for the existing pie. And we see content coins on Base as one way to grow that pie,” Pollack told BeInCrypto.

However, the charts above imply a potential lack of sustained interest, aligning with criticisms questioning the long-term viability of such experiments on platforms like Zora.

The post Zora Engagement Drops 98%: Are Content Coins Losing Their Appeal? appeared first on BeInCrypto.

The US Department of the Treasury predicts that the stablecoin market could reach a market capitalization of $2 trillion by 2028. This marks a sevenfold increase from its current level of approximately $240 billion.

Meanwhile, MEXC COO has stated that this milestone may be achieved sooner, possibly by next year. 

Why the Stablecoin Market is Set to Explode by 2028

The Treasury Department shared its optimistic outlook in the Treasury Borrowing Advisory Committee’s (TBAC) report released on April 30. The report outlined several key drivers for rapid adoption and market growth for stablecoins. 

Institutional interest in crypto products, such as Bitcoin (BTC) and Ethereum (ETH) ETFs, is increasing. Notably, stablecoins play a central role in blockchain-based transactions, especially as the tokenization of financial assets expands. 

Merchant integrations, like PayPal’s acceptance of stablecoins, further broaden their practical use as a payment mechanism. The rise of interest-bearing stablecoins enhances their appeal as a store of value and yield-generating asset. 

Additionally, clearer regulatory frameworks, including the potential inclusion of stablecoins in liquidity management strategies and allowing banks to access public blockchains, would integrate stablecoins into traditional financial systems. The developments position these assets for significant market expansion.

“Evolving market dynamics, structures, and incentives have the potential to accelerate stablecoins’ trajectory to reach ~$2 trillion in market cap by 2028,” the report read.

Currently, USD-pegged stablecoins dominate the market, accounting for over 99% of the market cap. Tether (USDT) is the leading player, with a capitalization of $145 billion. Circle’s USDC (USDC) comes in second with a market cap of $60 billion.

Thus, their growing adoption could significantly impact the banking and Treasury markets. Stablecoins, particularly those that are yield-bearing or offer unique payment features, could lead to a shift in demand from traditional bank deposits to stablecoins. This, in turn, could force banks to raise interest rates or find alternative funding sources.

Additionally, the report noted that stablecoin adoption could increase demand for short-term Treasuries. This is contingent on the passing of the GENIUS Act. The proposed bill mandates that stablecoin issuers hold US Treasuries as reserves.

Additionally, the reserve requirements outlined in the bill could help mitigate the risk of de-pegging. This would reduce the need for issuers to rely on the Federal Reserve during times of stress or volatility.

“Demand in stablecoins could have a net neutral impact on the US money supply, however the attractiveness of USD-pegged stablecoins could drive currently non-USD liquidity holdings into USD,” the report added.

MEXC COO Predicts $2 Trillion Stablecoin Market by 2026

Nonetheless, Tracy Jin, COO of cryptocurrency exchange MEXC, believes a $2 trillion market may be closer.

“With many sovereign banks and corporations exploring stablecoin issuance, particularly in other fiat currencies, and governments prioritizing regulation clarity, the stablecoin market cap could exceed $2 trillion by 2026,” Jin told BeInCrypto.

Jin highlighted that ongoing macroeconomic uncertainty will likely drive further growth in stablecoin market capitalization.

“Despite the recent volatile market landscape, stablecoin demand has remained resilient, growing over $38 billion year-to-date. Stablecoins now account for 1% of the global M2 USD money supply, processing over $33 trillion in volume in the last year, including $2.8 trillion in the last month alone,” she said.

According to Jin, the expanding role of these assets in decentralized finance (DeFi), cross-border payments, and digital asset trading is expected to be crucial in the next phase of cryptocurrency market growth and the broader mainstream adoption of digital assets. 

Their capacity to provide stability and liquidity, particularly during times of market volatility and liquidity shortages, solidifies their importance as a core asset for institutional and retail investors.

The post Stablecoins Poised to Reach $2 Trillion Market Cap by 2028, US Treasury Forecasts appeared first on BeInCrypto.