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As leading coin Bitcoin weathers one of its most bearish weeks since the start of the year, on-chain data suggests that miners have contributed significantly to the growing sell-side pressure. 

On-chain data reveals that miners on the Bitcoin network have ramped up their coin-selling activity, a trend that could exacerbate the downward pressure on the coin’s price.

Bitcoin Bears Take Control as Miner Reserve Dips

According to CryptoQuant’s data, the BTC miner reserve has steadily decreased this week. As of this writing, it stands at 1.80 million BTC, down 1% from the previous week.

The BTC’s miner reserve tracks the number of coins held in miners’ wallets. It represents the coin reserves miners have yet to sell.

When the metric climbs, miners are holding onto more of their mined coins, often signaling confidence in future price increases. Conversely, when the reserve declines like this, miners are moving coins out of their wallets, usually to sell, confirming growing bearish sentiment against BTC. 

The coin’s negative miner netflow further confirms this trend. As of April 10, this was -590.40. BTC’s miner netflow tracks the difference between the amount of coins sent to exchanges versus what is withdrawn.

When its value is negative like this, more coins are being moved from miner wallets to exchanges, typically a precursor to selling. 

With added downward pressure from this segment of BTC holders, the coin’s price could see deeper corrections in the short term if buying interest fails to counterbalance the ongoing liquidation.

Bitcoin’s Bearish Trend Could See Price Fall to $74,000

On the daily chart, BTC remains significantly below its Super Trend indicator, which forms dynamic resistance above its price at $90,911.

This indicator tracks the direction and strength of an asset’s price trend. It is displayed as a line on the price chart, changing color to signify the trend: green for an uptrend and red for a downtrend.

When an asset’s price trades below its Super Trend indicator, selling pressure dominates the market. This bearish trend could further prompt BTC holders to sell, worsening its price dip. If this happens, the coin’s price could fall below the key support at $80,776 to trade at $74,389. 

However, if market sentiment improves and coin holders reduce their selling activity, BTC could reverse its downtrend and rally to $86,172.

The post Bitcoin Faces More Downside as Miners Join the BTC Selloff appeared first on BeInCrypto.

Ethereum (ETH) co-founder Vitalik Buterin has proposed a comprehensive roadmap to enhance user privacy on the blockchain.

The plan envisions creating a world where private transactions are the default, and users can interact across applications without publicly linking their activities. 

Vitalik Buterin Unveils Privacy-Focused Ethereum Roadmap 

Buterin shared the roadmap on April 11 on the Ethereum Magicians forum. It outlined practical, incremental improvements to make private transactions and anonymous on-chain interactions more accessible for everyday users without requiring major changes to Ethereum’s core consensus protocol. 

“This roadmap can be combined with a longer-term roadmap that makes deeper changes to L1, or privacy-preserving application-specific rollups, or other more complex features,” Buterin stated.

The roadmap addresses four key privacy forms by implementing various short-term and long-term solutions. These are focused on improving on-chain payment privacy, partial anonymization of in-app activity, privacy of on-chain reads, and network-level anonymity. 

Firstly, he advocated for integrating privacy tools into wallets. This would enable features like default “shielded balances,” allowing users to keep transactions private. The idea is to enhance privacy without requiring users to switch to a separate privacy-focused wallet.

Next, Buterin suggested a “one address per application” standard to limit traceability. 

“This is a major step, and it entails significant convenience sacrifices, but IMO, this is a bullet that we should bite because this is the most practical way to remove public links between all of your activity across different applications,” he said.

Additionally, Buterin proposed making “send-to-self” transactions privacy-preserving by default. According to him, this is necessary for the address-per-application design to function effectively. 

He also focused on using Trusted Execution Environments (TEEs) in the short term for RPC privacy. Buterin added that Private Information Retrieval (PIR) could be used in the future.

“If we also add security armoring to RPC nodes (ie. light client support), it becomes practical for a user to trust a much larger set of RPC servers. This reduces metadata leakage,” Buterin remarked.

The roadmap outlined deeper changes for the long term, such as EIP-7701 (account abstraction) and FOCIL (Fork-Choice enforced Inclusion Lists) implementation. This would allow privacy protocols to operate without centralized relays, making them more resilient to censorship. That’s not all. It would also contribute to increased privacy.

Buterin’s roadmap has generated substantial traction from the community, with many expressing optimism. The Ethereum ecosystem has long been calling for improvements in user privacy, and this new plan seems to resonate with those concerns.

“Vitalik’s finally giving privacy the attention it deserves, this roadmap looks like a solid step toward making Ethereum more user-friendly without messing with consensus,” an analyst posted.

Nonetheless, not all feedback was unequivocally positive. Some in the community remain cautious about the potential challenges involved in implementing such ambitious changes.

“Vitalik’s roadmap is solid but execution risk is high. Adopting zk tech is key if they want real privacy without bloating L1,” another analyst cautioned.

The proposal comes as the Ethereum ecosystem prepares for the Pectra upgrade. While Pectra focuses on performance and usability, Buterin’s privacy roadmap complements these efforts by addressing a critical user need. If executed, these changes could position Ethereum as a more privacy-conscious blockchain, potentially driving greater adoption as the network evolves.

The post Vitalik Buterin Pushes for Privacy-Focused Ethereum Changes in New Roadmap appeared first on BeInCrypto.

Amid global economic volatility, the United States has again raised its debt ceiling to avert a default and ensure the government’s operations continue smoothly.

The US debt ceiling is a legal limit on the amount the federal government can borrow to meet its financial obligations, including pension payments, social welfare programs like Social Security and Medicare, and interest on government bonds.

US Debt Ceiling Increase

Raising the debt ceiling remains contentious, often sparking heated debates between Congress and the White House. Negotiations over spending and budgets are typically prolonged and complex.

According to data from the Senate Joint Economic Committee (JEC), the US national debt has surpassed $36.2 trillion as of April 2025. This marks a significant rise from $22 trillion in March 2019, highlighting the rapid escalation of national debt in recent years.

Historically, raising the debt ceiling is not uncommon. According to NPR, since 1960, Congress has acted 78 times to increase, temporarily extend, or revise the debt ceiling definition—49 times under Republican and 29 times under Democratic presidents. This reflects the recurring need to adjust the ceiling to maintain government functionality, but it also raises questions about the long-term sustainability of US fiscal policy.

Under President Donald Trump’s administration, bold economic policies are being implemented, including using tariff revenues to service debt. Trump has imposed a 125% tariff on Chinese goods, prompting retaliatory 84% tariffs from China on the US. imports.

Consequently, the Chinese yuan (CNY) has hit an 18-year low, with the USD/CNY rate reaching 7.394. The yuan’s depreciation escalates trade tensions and ripple effects across cryptocurrency markets.

Impact on Crypto

The increase in the US debt ceiling has multifaceted implications for the crypto market, both in the short and long term.

Raising the debt ceiling helps the US avoid default, preventing a potential global financial crisis. This often reassures investors, boosting confidence in traditional financial markets like stocks and US Treasury bonds. As a result, demand for safe-haven assets like Bitcoin—usually viewed as a hedge during economic uncertainty—may decline.

Historical trends support this. During past debt ceiling crises, such as in 2021, Bitcoin prices surged as investors feared a US default. However, the pressure eased once the ceiling was raised, prompting some investors to shift capital back to traditional assets. This can create downward price pressure on Bitcoin and other altcoins.

Additionally, a weaker yuan due to US policies could drive capital from China into cryptocurrencies, potentially providing a positive push for the market.

Continually raising the debt ceiling allows the US government to borrow more to fund spending, often leading to increased money printing or issuance of Treasury bonds. This process expands the money supply, fueling inflation and eroding the US dollar’s value.

Cryptocurrencies, particularly Bitcoin, are often regarded as an “inflation hedge” due to their fixed supply and decentralized nature. Investors increasingly turn to alternative assets to preserve wealth as the dollar weakens. Bitcoin, often dubbed “digital gold,” has proven its resilience during past economic instability.

The increase in the US debt ceiling has a complex impact on cryptocurrencies. In the short term, it may reduce demand for safe-haven assets like Bitcoin as confidence in traditional markets grows.

However, in the long term, persistent debt ceiling hikes could drive inflation and weaken the dollar, positioning cryptocurrencies as a compelling hedge and alternative asset class.

The post US Continues to Raise Debt Ceiling: What It Means for Crypto appeared first on BeInCrypto.

On April 11, 2025, China’s State Council Tariff Commission issued an official notice announcing an increase in additional tariffs on imported US goods—from 84% to 125%. The new rate takes effect on April 12.

This move directly responds to the United States’ decision, announced on April 10, to impose a “reciprocal” 125% tariff on Chinese exports to the US.

Crypto Market Stays Calm Amid Escalating US-China Trade War

Despite escalating tensions between the world’s two largest economies, the cryptocurrency market has shown remarkable stability. Investors appear unfazed by the intensifying trade conflict.

Crypto market capitalization remains around $2.5 trillion. Bitcoin’s price holds above $81,000 after recovering 10% since April 9, when Trump announced a 90-day tariff pause, excluding tariffs on China.

According to the Chinese statement, the tariff hike follows China’s Customs Law, Tariff Law, and Foreign Trade Law. The government reaffirmed its commitment to international rules. It accused the US of violating global trade norms and called Washington’s policy “unilateral bullying.”

Notably, China warned that it would not respond to further tariff increases from the US, arguing that American goods have already lost their competitiveness in the Chinese market at the current tariff level.

“Given that US exports to China are no longer market-viable under the current tariff rate, China will not respond further if the US continues to raise tariffs on Chinese goods,” the statement said.

The tariff dispute is not new. Since 2018, the US and China have imposed retaliatory tariffs on each other. Key sectors affected include agriculture, tech, and energy.

The latest hike pushes tariffs to a record 125%. Economists warn this could disrupt global supply chains, raise prices, and add pressure to inflation in both nations.

Bitcoin miners also feel the impact as mining machine prices surge.

China’s tariff hike sends a strong message about its tough stance in trade negotiations. While the crypto market remains stable for now, analysts urge investors to monitor upcoming developments—especially any potential response from the US.

If no resolution is reached, the ongoing standoff could trigger a broader economic fallout. The world is now watching to see whether the trade war will de-escalate or further entrench the divide between the two economic superpowers.

The post China Raises Tariffs on US to 125% in Retaliation, Crypto Market Remains Steady appeared first on BeInCrypto.

During the 2025 edition of the Paris Blockchain Week (PBS), BeInCrypto sat with Mark Jennings, Head of Europe at crypto exchange Gemini, for an in-depth conversation about the exchange’s regulatory-first strategy and its expanding European footprint. Gemini—founded by the Winklevoss twins—has spent the last decade cementing its reputation as a secure and compliant platform for digital assets.

With the implementation of MiCA in Europe and the company’s pending IPO, Jennings emphasized how regulatory clarity is paving the way for broader crypto adoption and Gemini’s next growth phase across the continent.

How Gemini Sets Itself Apart in a Crowded Exchange Market

If you look at it as a whole, Gemini was born in 2015 from the founders who saw the future around Bitcoin and were early investors there. The key that Gemini has looked at is “how do we secure longevity here?”. For our position, it’s always been “ask for permission”. So, we’ve always taken the regulatory route first in terms of establishing ourselves. If you look at the US, we were registered as a New York Trust and then you move into Europe, registered as a VASP in Ireland. We were the first to get that in Ireland.

I think the key for us has been what is happening in Europe this year when we see MiCA being implemented. It gives us a secure platform to grow into Europe, certainty in the regulatory environment, and how we grow. That’s been at the core of what Gemini has done for the last 10 years, and we see that’s a key way for us to continue to build and grow. One is that we’re a trusted, safe, and secure platform for you to unwrap your fear, trade, and provide secure custody. For us, it’s key for our customers to be able to go on that journey with them and understand if there’s a secure regulatory infrastructure to do that. And now that there’s clarity in Europe, we’re going to continue to build and grow our businesses. 

Crypto Regulation in Europe vs. the US

 In my role as head of Europe, I’m focused on what the European regulators are looking at and it’s a positive move to see MiCA come into effect at the end of last year. 

What I do see as positive if you look to the US, a cryptocurrency stablecoin regulation is on the table for discussion; you know, we can’t manage different regulatory environments but we do see that there is a positive sentiment towards it. They’re looking to put a framework in place, and we see that as a positive for crypto as a whole. From my perspective, we can see that each regulator is now starting to address that. 

Also, we’re serving different customers, and so we work under the regulation here in Europe, but each ecosystem has a regulator that should provide positive mechanisms.

User Experience on Gemini

If you see our user experience within the app and within our ActiveTrader desktop functionality, we’re looking at a simple and secure UI ; so being able to see your assets, being able to fund your account very easily, being able to trade easily and knowing that you’ve got the security of Gemini’s customer platform behind it. 

For us, it’s a very clear UI and very clear action points for someone to be able to access the platform and Cryptopedia and other educational resources that we have because understanding the different tokens that are available and the different features is part of the journey. That’s also what Gemini wants to do: help with education.

Gemini’s Approach to Platform Security

We’re talking about security from an insurance perspective, and understanding that our insurance infrastructure was built on a proprietary technology that was built at Gemini. I think that’s important for us to own that. We know how important that is for the ecosystem as a whole. For us, it’s been developed on our original New York Trust infrastructure.

We’ve built and replicated that as part of our MiCA licensing. So, we see that this really robust framework is what is underpinning the security there. If you look at the AML frameworks as part of our European regulation, it’s an important part for us to make sure that we know who our customers are, that we’re able to onboard them, and give them a really secure place to trade crypto. 

Emerging Market Trends

I think there will be more mainstream adoption, understanding that crypto assets are now an accepted asset as part of somebody’s investment decision, and they’re looking at that. So, I think as that developed, the regulatory infrastructure has given people confidence. And from some of the statistics we’ve seen, that’s one of the biggest barriers to entry.

People have been uncertain about the regulatory infrastructure and where people sit. So now that we see that barrier being clearly set in the sand, people can start to engage more with crypto assets in general.

Is Crypto Losing Its Edge or Gaining Maturity?

I wouldn’t say cryptos are becoming boring [laughs]. What we’re seeing is that there’s a maturation of the market, and the market goes in that direction. And then people are making investment decisions. Institutions are also involved there; if you look at the synergies between markets, where there are more players within that market, it changes the market’s characteristics as a whole. I don’t think cryptos are ever going to be boring.

If you see what’s happening—the underlying technologies being built, the different networks that are there, the increasing pass-through, the increase in the transaction process—I don’t find any of that boring. I think it’s really exciting.

Gemini and DeFi 

We’re not really in the DeFi space. We’re continuing to build our on-chain products, but at the moment there’s nothing in the DeFi space specifically. I think it’s an area of ​​innovation that we’re continuing to see grow. Gemini, at its core, is an exchange and a custodian, and I think that’s what we’ll play going forward. But the on-chain team is definitely building and growing. We’ll see if anything comes to that. 

I think we’re focused on our core strengths. I think that’s the area where we continue to build and grow. If you look at it, every player in the market is looking to build in a different fashion and solve a different problem. For us, we’re there as one of the largest exchanges. We want to continue to facilitate that. So I wouldn’t say that.

The Profile of Gemini’s Clientele

I think we’ve got a broad client base. We serve retail customers and institutional customers the same. I think we’re engaged with people who value the safety and security aspects of what we do. The fact that we took that regulatory viewpoint very early on resonates with a lot of customers.

I think we’ve built a product that we feel is fit for the environment, and we see customers come to us for that. I don’t know if we’ve targeted customers directly. We’ve built what we think is the best product for customers who want it.

Strategy to Recruit New Customers

 Education is one thing. Giving people an understanding of what we can bring to them, whether it’s safety and security of custody, the ability to trade, the ability to fund. I think education is key.

The second piece is the simplification of the process. How do we help them along that journey, from onboarding with us, to being able to fund their account, to being able to use these assets ? That’s key. We want to make sure it’s simple and straightforward and that they understand what’s there. 

And the third piece would be to continue to innovate. The crypto space moves very quickly. We want to leverage those technologies to help improve the process and be able to allow people to engage with the crypto ecosystem using the Gemini platform. 

These are the three pillars I see.

Gemini’s Vision for Growth

In my role as Head of Europe, the regular landscape has been key. We’re really looking to build our business in Europe. We want to provide a product that can engage all 32 countries that are under the EEA umbrella.

For us, it’s about a very simple and clean UI, getting people very clear access to the platform, and being able to cater to their needs, whether it’s from a funding perspective or from a trading perspective. Keep evolving our products. We get feedback from our customers; we want to continue to evolve on that.

Expectations from Paris Blockchain Week

There are a number of our partners and competitors here. Being involved in the ecosystem, you understand what people are working on, what startups are doing, and how they’re trying to solve some of our problems. I’m here to meet as many people as I can and learn. In this space as a whole, learning is the number one tool.

The second thing is to make people aware of Gemini and our plans in Europe to continue to grow the business. There are so many great businesses I want to know more about. If I get time throughout the day, I will certainly do. But I also want to make sure people see the Gemini team and that you get to speak to us face to face. We want to learn more, we love getting feedback, and we want to be able to adapt on that.

The post Inside Gemini’s European Strategy: Mark Jennings Talks MiCA, Market Trends, and What’s Next appeared first on BeInCrypto.