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Bitcoin Price Forecast: Crypto Liquidations hit $600M as BTC Plunges Below $80K First Time in 25-Days

Why Is Bitcoin Price Firm Despite US Stock Market Crash?

Bitcoin price dropped sharply over the weekend, declining 7% to a 25-day low amid rising trade tensions and fading market liquidity.

Bitcoin trades $80,000 first time in 25-days as Trade Tensions worsen

Bitcoin price fell sharply over the weekend, declining 7% to hit a 25-day low of $79,000 on Sunday, April 6. This marks the first time BTC has traded below the $80,000 level in 25 days dating back March 11,

Bitcoin Price Action, April 6, 2025 | CoinMarketCap
Bitcoin Price Action, April 6, 2025 | CoinMarketCap

After showing initial resilience last week, BTC has now surrendered gains made in late week

Amid escalating global trade tensions, bearish sentiment caught up with Bitcoin (BTC) markets over the weekend. TradingView data shows that BTC price traded as low as $78,964 according to CoinMarketCap, marking 7% losses from last week’s peak of $86,000 recorded when China’s reciprocal tariffs prompted investors to rotate capital into crypto markets on Thursday.

Crypto market liquidations cross $580M as bears exploit slow weekend demand

After China’s initially announced retaliatory 34% tariff on US imports, Bitcoin surged above $85,000 on  Thursday, briefly lifting prominent altcoins like Ripple (XRP), Solana (SOL), and Ethereum (ETH) to gains exceeding 5% in 24 hours.

This spike hinted at a temporary decoupling of crypto from the broader U.S. stock market, as risk-averse investors rotated capital into cryptocurrencies to hedge against escalating trade tensions.

However, as U.S. markets closed on Friday, the momentum faded. Liquidity dried up across major exchanges, creating an opening for bearish traders to seize control.

Within 48 hours, Bitcoin shed more than 7%, triggering cascading losses across the crypto landscape. The sudden shift highlights how thin weekend trading volumes can leave markets vulnerable to aggressive short-side pressure.

Validating this stance, derivatives data at press time on April 6, shows that crypto traders have racked up considerable liquidation losses in the last 24 hours,

Crypto Market Liquidations, April 6 | Source: Coinglass 
Crypto Market Liquidations, April 6 | Source: Coinglass

According to Coinglass data, over $597 million in leveraged positions were liquidated in the past 24 hours alone—affecting more than 205,000 traders. Bitcoin led the wipeout with $203.78 million in liquidations, followed by Ethereum at $164.72 million.

Notably, the majority of these losses—$514 million—came from long positions, suggesting that bullish traders were caught off guard by the sharp BTC price reversal. 

Beyond that, the liquidation heatmap shows how altcoins such as Solana ($29.35M), XRP ($13.65M), and Dogecoin ($12.97M) were also heavily affected, as panic spilled over from Bitcoin’s price correction to 25-day lows. 

This sweeping liquidation event has not only erased a large portion of the recent gains but has also shaken investor confidence ahead of the new trading week.

Bitcoin Price Forecast: BTC Eyes $76K as Bears Break Technical Support

Bitcoin price forecast remains tilted to the downside after BTC decisively broke below key support near $80,700, marked by the VWAP.

The daily candle posted a 6.33% drop, closing below the 50-day SMA ($84,068) and 200-day EMA ($82,828), both of which acted as prior support zones.

This signals a structural breakdown, with bearish momentum accelerating as weekend volatility triggered liquidations across $597 million in positions.

Bitcoin Price Forecast
Bitcoin Price Forecast

Volume spiked to 26.04K on April 6, confirming strong sell-side conviction. Meanwhile, the MACD histogram has turned deeply negative, with the signal line sharply diverging from the MACD line—both indicating an intensifying bearish crossover. This pattern has historically preceded deeper retracements, especially when volume confirms directional bias, as it does here.

Despite this, bulls may argue that BTC remains in a long-term uptrend and sits just above March’s intraday low of $78,694.

A sustained defence of this zone could invite dip-buying, especially if macro sentiment improves post-Monday’s market open. However, should BTC fail to reclaim $80,700 swiftly, downside risk toward $76,000 and potentially $72,500 remains firmly in play.

Bitcoin price forecast now hinges on whether bulls can reclaim broken trend lines or risk deeper correction into lower liquidity zones.

The post Bitcoin Price Forecast: Crypto Liquidations hit $600M as BTC Plunges Below $80K First Time in 25-Days appeared first on CoinGape.

Why Investors Are Considering MUTM for Massive Returns in the Next Altcoin Season

muttum-finance

The post Why Investors Are Considering MUTM for Massive Returns in the Next Altcoin Season appeared first on Coinpedia Fintech News

As the crypto market slowly builds momentum for its next breakout cycle, experienced investors are starting to shift focus from large caps to smaller, under-the-radar tokens with strong fundamentals and real utility. Among the names gaining traction ahead of the next altcoin season is Mutuum Finance (MUTM)—a DeFi project with a clear roadmap, fast-growing community, and a token model designed for long-term growth. With its current presale price sitting at just $0.025, MUTM is being widely viewed as a high-potential candidate for major returns once market sentiment turns fully bullish.

Early-Stage Price, Long-Term Vision

Mutuum Finance is currently in its presale phase and has already raised over $6.1 million from more than 7,800 holders, showing strong early demand. The next phase will bring a price increase, while the final launch is expected to happen at $0.06—already more than double the current entry level. But investors are looking far beyond launch-day gains. With the right catalysts in place, analysts believe MUTM could surge as high as $8 by the end of 2025, representing a return of over 31,000% for those buying now at presale levels.

Such projections aren’t without precedent. Previous altcoin seasons have seen low-cap tokens deliver massive returns as user adoption and exchange listings ramp up quickly. With the right timing and utility, these tokens can move fast—and Mutuum appears to be aligning the right ingredients for a similar trajectory.

Unlike purely speculative tokens, Mutuum Finance is building a decentralized platform designed to enable lending and borrowing of crypto assets in a non-custodial, permissionless way. The protocol supports both Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending models. This dual approach allows users to interact with shared liquidity pools or directly negotiate lending terms with other users depending on the type of asset and risk preference.

Mutuum also plans to introduce an overcollateralized stablecoin pegged to the U.S. dollar and issued on the Ethereum network. This stablecoin will offer users access to liquidity without needing to sell their crypto—an attractive tool for those looking to unlock value while holding long-term assets. All interest generated from these stablecoin loans is funneled back into the protocol’s treasury, reinforcing its financial structure over time.

The MUTM token plays a central role in driving the platform’s economy. A standout feature is the buy-and-distribute mechanism, where a portion of protocol fees is used to purchase MUTM from the open market. These tokens are then redistributed to mtToken stakers—users who actively contribute to the liquidity and function of the platform. This creates a feedback loop that supports price appreciation while rewarding long-term commitment.

muttum-finance

Combined with the token’s low initial market cap, this mechanism could make even modest protocol activity a strong driver of price growth. As more users interact with the platform, more MUTM gets bought and circulated among stakers, effectively linking token demand to actual usage.

Another key factor behind investor excitement is the timing. The Mutuum team is preparing to launch a beta version of the platform shortly after the token becomes tradable, offering immediate utility for early holders. This stands in contrast to many presale projects that delay their product launches by months or longer.

Additionally, MUTM is already drawing interest from top-tier centralized exchanges. Given the protocol’s fast-growing user base and strong presale momentum, a major listing is widely expected—an event that often serves as a trigger for upward price movement.

In a market full of noise, investors are becoming more selective—and utility is starting to matter again. With a presale price under $0.03, real protocol development, a transparent token model, and clear plans for platform rollout, Mutuum Finance is checking all the right boxes for those seeking long-term growth in the next altcoin season.

For investors who missed early runs in tokens like SOL or ADA, MUTM may offer another shot at outsized returns—this time, with fundamentals to match the hype.

For more information about Mutuum Finance (MUTM) visit the links below:

The post Why Investors Are Considering MUTM for Massive Returns in the Next Altcoin Season appeared first on Coinpedia Fintech News
As the crypto market slowly builds momentum for its next breakout cycle, experienced investors are starting to shift focus from large caps to smaller, under-the-radar tokens with strong fundamentals and real utility. Among the names gaining traction ahead of the next altcoin season is Mutuum Finance (MUTM)—a DeFi project with a clear roadmap, fast-growing community, …

CZ’s Warning: 95% of Cryptos Are Doomed—But Ozak AI’s Path to $1 Looks Stronger Than Ever!

Ozak AI

The post CZ’s Warning: 95% of Cryptos Are Doomed—But Ozak AI’s Path to $1 Looks Stronger Than Ever! appeared first on Coinpedia Fintech News

Binance founder Changpeng Zhao (CZ) has warned that 95% of cryptocurrencies are destined to fail due to weak fundamentals, lack of real-world utility, and terrible execution. However, Ozak AI (OZ) is emerging as a standout project with a sturdy use case in AI-driven blockchain generation. By integrating predictive analytics, machine learning, and decentralized finance, Ozak AI offers real-time market insights and automatic trading solutions, setting it apart from speculative tokens. 

Currently in its 3rd presale stage at just $0.003, analysts expect OZ could attain $1, imparting a large growth possibility. With AI reshaping industries and blockchain technology evolving, Ozak AI’s progressive method positions many of the elite 5% of cryptos with long-term potential, proving CZ’s caution at the same time as highlighting its promising destiny.

The Crypto Market’s Harsh Reality

Binance founder Changpeng Zhao (CZ) has long been a vocal figure within the cryptocurrency space, offering insights into market trends and potential risks. Recently, CZ issued a stark caution: 95% of cryptocurrencies will finally fail. His declaration aligns with a widely usual reality within the crypto enterprise—most projects lack real-world software, sturdy development groups, or long-term sustainability.

Despite the fast increase of the blockchain sector, history has shown that only a handful of tasks manage to survive and thrive over time. Many cryptocurrencies released with bold roadmaps however fail due to terrible execution, lack of adoption, or unsustainable tokenomics. With regulation tightening and investors becoming extra cautious, most effective tasks with sturdy basics and innovative use instances will have a risk at long-term success. This raises the question: Which cryptos will defy the odds?

Youtube embed:

OZAK AI Will Get You Successful Returns with $1 in Target on Launch

Why Ozak AI (OZ) Stands Out

Among the emerging crypto initiatives, Ozak AI (OZ) is swiftly gaining traction as a promising project. Unlike the heaps of speculative tokens flooding the market, Ozak AI is built on a foundation of artificial intelligence and blockchain integration, offering real-world applications that deal with urgent financial and analytical needs.

Ozak AI combines AI-pushed predictive analytics, machine learning algorithms, and decentralized finance (DeFi) to offer users with real-time monetary insights, automated trading strategies, and advanced data analytics. This approach unites it other than conventional cryptocurrencies, many of which lack a tangible use case beyond hypothesis. By leveraging AI, Ozak AI ambitions to revolutionize the way investors have interaction with the crypto market, making facts-driven decisions extra accessible and efficient.

The project’s particular features include the Ozak Stream Network (OSN) for low-latency statistics processing, decentralized protection via DePIN (Decentralized Physical Infrastructure Networks), and customizable Prediction Agents (PAs) that permit users to tailor AI models to their unique wishes. These innovations role Ozak AI as a leading pressure inside the AI-powered blockchain revolution.

Moreover, the 3rd stage of the Ozak AI presale is currently occurring, and the task is already making waves within the crypto community. With an outstanding over $900K raised so far, Ozak AI tokens are currently priced at simply $0.003 each, with the next level price set at $0.005. This early-level opportunity is poised for sizable growth, with projections suggesting that the token ought to reach $1 by 2025.

The Road to $1: A Realistic Projection

Currently, Ozak AI is in its 3rd presale stage, with the OZ token priced at simply $0.003. Given the growing hobby in AI-driven crypto solutions and the speedy adoption of blockchain-based predictive analytics, analysts are expecting that OZ should reach $1 in the near future. This could represent an outstanding 333x return for early investors, making it one of the most money making opportunities in the current crypto market.

Unlike many tokens that rely simply on hype, Ozak AI is sponsored by a strong ecosystem and clear software. The growing demand for AI in financial markets, mixed with the assignment’s innovative method, gives it a great area over competitors. If adoption keeps at its current pace and the AI area keeps its momentum, Ozak AI might be among the elite 5% of cryptos that prevail, proving CZ’s caution right while solidifying its place as a chief player within the industry.

CZ’s caution about the fate of 95% of cryptocurrencies is a reminder that now not all initiatives are built to remain. However, Ozak AI’s solid fundamentals, progressive AI integration, and strong market positioning make its route to $1 extra promising than ever. For traders seeking a project with real-world value and long-term boom potential, Ozak AI sticks out as an extraordinary opportunity in an otherwise unsure market.

About Ozak AI

Ozak AI is a blockchain-based project that provides a technology platform that specializes in predictive AI and advanced data analytics for financial markets. Ozak AI helps crypto investors and businesses in decision-making by providing real-time, accurate, and actionable insights through machine learning algorithms and decentralized network technologies. 

For more visit:

Website: https://Ozak.ai/

Telegram: https://t.me/OzakAGI

Twitter : https://x.com/Ozakagi

The post CZ’s Warning: 95% of Cryptos Are Doomed—But Ozak AI’s Path to $1 Looks Stronger Than Ever! appeared first on Coinpedia Fintech News
Binance founder Changpeng Zhao (CZ) has warned that 95% of cryptocurrencies are destined to fail due to weak fundamentals, lack of real-world utility, and terrible execution. However, Ozak AI (OZ) is emerging as a standout project with a sturdy use case in AI-driven blockchain generation. By integrating predictive analytics, machine learning, and decentralized finance, Ozak …

Shiba Inu Price Prediction: With SHIB Wobbling, This Crypto Could be the Best Bet for a 21990% Return in 2025

rexas-finance

The post Shiba Inu Price Prediction: With SHIB Wobbling, This Crypto Could be the Best Bet for a 21990% Return in 2025 appeared first on Coinpedia Fintech News

Shiba Inu (SHIB) faces an uphill battle to recover from its severe market decline, while Rexas Finance (RXS) moves stealthily towards becoming the underdog of 2025. Analysts predict RXS will increase by 21,990%, which has attracted investors to this developing player in the real-world asset sector.

SHIB Struggles—22.27% Drop Signals the End of the ‘DOGE Killer’? 

Shiba Inu remained the “Dogecoin killer” until it entered a dangerous financial situation. SHIB maintained a trading value of $0.00001238 during March 2025 while showing no signs of matching its 2021 performance and faced a 22.27% monthly decline through its downward trend. Supply reduction efforts indicated by its -7.84% burn rate cannot counter the bearish market sentiment as technical indicators display negative signals. The failure of SHIB to surpass its previous peak of $0.00008616 has made retail investors doubt its ability to survive in the long term.

RXS: The Future of Asset-Backed Crypto—21,990% Growth Incoming! 

Rexas Finance (RXS) represents a token revolutionizing the relationship between blockchain and real-world assets. The value of RXS remains stable because it links to physical assets, including gold and real estate properties, instead of relying on speculative meme coin mechanisms. RXS has achieved 91.52% presale success with its $56 million target and plans to list on major exchanges at $0.25 on June 19, 2025. The analysts predict a 21,990% return for RXS by year’s end, surpassing the limited growth of SHIB.

RXS: Secure, Audited, and Backed by Real Assets—The Future of Crypto Investing!

RXS stands out from speculative tokens because it has audited infrastructure and security verification from Certik, which many others lack. The real-world asset tokenization process in RXS enables investors to access traditionally illiquid markets through fractional ownership of luxury real estate and precious metals. Combining real-world assets with digital tokens in RXS gives investors an investment model that reduces meme coin price volatility while offering stable and accessible wealth-building opportunities.

https://twitter.com/rexasfinance/status/1857692542290059502

RXS Set for Lift-Off—CoinMarketCap & CoinGecko Listings to Fuel Massive Growth!

RXS’s June 2025 listing on CoinMarketCap and CoinGecko will serve as the catalyst to initiate its market growth. The final presale stage sold 457.6 million tokens, demonstrating strong market demand. The analysts anticipate an upcoming price increase following the listing because institutional investors want RWAs while retail investors search for stability beyond meme coins. 

Conclusion

SHIB maintains its status as a meme-based token, yet RXS establishes new standards for cryptocurrency investment. RXS represents the exact opposite of speculative tokens because it relies on its RWA backbone, audited framework, and strong presale momentum to become the anti-speculative token choice for investors seeking substance-based investing. Investors who want to achieve a 21,990% return in 2025 should select the future of finance rather than sticking with outdated financial practices.

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post Shiba Inu Price Prediction: With SHIB Wobbling, This Crypto Could be the Best Bet for a 21990% Return in 2025 appeared first on Coinpedia Fintech News
Shiba Inu (SHIB) faces an uphill battle to recover from its severe market decline, while Rexas Finance (RXS) moves stealthily towards becoming the underdog of 2025. Analysts predict RXS will increase by 21,990%, which has attracted investors to this developing player in the real-world asset sector. SHIB Struggles—22.27% Drop Signals the End of the ‘DOGE …

Ripple (XRP) Price Prediction: Which Will Come First for XRP Price — $0.50 or $5, and Why?

Remittix (RTX)

The post Ripple (XRP) Price Prediction: Which Will Come First for XRP Price — $0.50 or $5, and Why? appeared first on Coinpedia Fintech News

Fresh regulatory changes alongside macroeconomic movements place XRP and its status at the center of Ripple’s market attention. XRP previously exhibited potential to rule global payments, yet it trades between $5 and $0.50 in restricted price ranges as investors execute a down-or-upward trajectory prediction. 

Remittix (RTX) token stands out among utility tokens because it addresses practical operative needs, which raises speculation about XRP’s market leadership in cross-border transactions.

XRP Struggles to Break Out Despite Legal Clarity

The 2024 legal victory between Ripple and the SEC in court brought definitive clarity regarding the non-security status of XRP. The court decision about the XRP classification brought back investor confidence, causing the token price to increase dramatically. The price reached its peak settlement value, after which the momentum decreased steadily.

Although volatile, XRP maintains a trading pattern near $2.09 to $2.17 while experts monitor essential price points. The price will probably experience renewed bullish strength if it breaks through $2.50; however, declining below $2 may trigger ongoing market downturns. The market has conflicting opinions, while charts indicate decision-making difficulty.

The transaction activity levels of XRP have fallen below those witnessed at its peak periods. RippleNet maintains its bank partner base, but the crypto industry now features numerous newer payment-focused protocols. 

The XRP price rally creates a dilemma for potential investors who must choose between an expected return of $0.50 or the continued fulfillment of $5 price forecasts which analysts have maintained over the past years.

Remittix Offers a New Blueprint for Cross-Border Utility

XRP maintains a quest to recover previous growth, although Remittix (RTX) has emerged as its major market competition. RTX attracts investor interest due to its presale price of $0.0734 and has collected over $14.3 million through successful fundraising before its release. 

Remittix develops an ecosystem based on consumer needs that effectively serves individual users as well as freelancers, NGOs and small businesses instead of XRP’s target of institutional pipelines.

The main service of this platform consists of converting cryptocurrency into local currency, which gets deposited directly into any supported banking account instantaneously. 

The product provides a smooth transition between blockchain technology and standard banking systems to eliminate international money transfer barriers that many established cryptocurrencies have failed to address.

Analysts view Remittix as an early phase version of Ripple, with the exception that users have instant access since its launch. The market analysts predict that RTX can elevate up to 50x value by 2026, while the crypto sector begins its transition from hype to practical utility.

A Changing Landscape for Utility-Driven Tokens

The destiny of XRP reaching $5 vs. attaining $0.50 first goes beyond Ripple’s roadmap, since market changes are crucial in this scenario. The market transformation found its expression in this trend. 

Cryptocurrency investors have begun to abstain from past narrative-based token projects while embracing new ventures that provide validated,quick results.

The new utility token category represented by Remittix is creating a complete transformation of blockchain operational strategies compared to those practiced by XRP and its institutional supporters. 

These tokens provide rapid onboarding and emphasize products first, along with regulatory understanding. Current investor needs require stronger market performance than they needed in the past five years.

Analysts do not create this prediction about XRP reaching $0.50 prices simply for speculation. The prolonged correction of either Bitcoin or Ethereum would trigger widespread deterioration throughout the entire altcoin market sector. 

XRP remains exposed to negative prospects when it lacks new positive developments. Ripple’s path to reach $5 becomes achievable when it gains more central bank partnerships and expands the adoption of its ODL across underdeveloped areas, following U.S. institutions returning to the market.

The Path Ahead Is Narrow — But Not Closed

XRP continues to occupy an unstable position between the lowest values it formed during previous downturns and its former anticipated peak price of $5. Legally established clarity for Ripple creates some stability for the token, yet it does not shield XRP from the wider market fluctuations. 

What determines whether XRP reaches its predicted $5 value before seeing price drop back to $0.50 resides in market sentiment along with execution timing.

The company Remittix develops new technology which is now growing commercially. XRP’s capability to address real-time needs has converted it into an extremely popular pre-sale event of this year. RTX tokens could leap higher than XRP if the latter fails to execute successful consumer-oriented applications.

Join the Remittix (RTX) presale and community: 

Join Remittix (RTX) Presale

Join the Remittix (RTX) Community

The post Ripple (XRP) Price Prediction: Which Will Come First for XRP Price — $0.50 or $5, and Why? appeared first on Coinpedia Fintech News
Fresh regulatory changes alongside macroeconomic movements place XRP and its status at the center of Ripple’s market attention. XRP previously exhibited potential to rule global payments, yet it trades between $5 and $0.50 in restricted price ranges as investors execute a down-or-upward trajectory prediction.  Remittix (RTX) token stands out among utility tokens because it addresses …

3 Token Unlocks for the Second Week of April

Token unlocks play a pivotal role in the crypto market, impacting liquidity, price volatility, and investor sentiment. They are events in crypto where locked coins or tokens are released and become available for trading in the open market.

This week, three major projects—Axie Infinity (AXS), Jito Labs (JTO), and Xave (XAV)—will release previously locked tokens into circulation. Here’s what you need to know and watch for.

1. Axie Infinity (AXS)

  • Unlock Date: April 12
  • Number of Tokens to be Unlocked: 10.72 Million AXS (3.97% of Total Supply)
  • Current Circulating Supply: 160.159 Million AXS
  • Total supply: 270 Million AXS

    Axie Infinity is a blockchain-based game featuring digital creatures called Axies, often compared to Pokémon. This pet-centric game combines elements of blockchain, NFTs, and ERC-20 tokens, offering players the chance to collect, battle, and trade unique creatures in a virtual world.

    The April 12 unlock will consist of 10.72 million AXS tokens valued at about $29 million. Axie Infinity will award the majority of these tokens for staking rewards and for the team.

    Axie Infinity Unlock. Source: Cryptorank

    2. Jito Labs (JTO)

    • Unlock Date: April 7
    • Number of Tokens to be Unlocked: 11.31 Million JTO (1.13% of Total Supply)
    • Current Circulating Supply: 313.37 Million JTO
    • Total supply: 1 Billion JTO

    Jito is a liquid staking service on Solana that distributes MEV rewards to holders. On April 7, Jito will unlock 11.3 million tokens which is currently worth around $20 million.

    The project will allocate the majority of the unlocked tokens for ecosystem development, core contributors, and community growth. Additionally, it will allocate 10% of the tokens for airdrops.

    Jito Labs Unlock. Source: Cryptorank

    3. Xave (XAV)

    • Unlock Date: April 11
    • Number of Tokens to be Unlocked: 313.29 Million XAV (3.13% of Total Supply)
    • Total supply: 10 Billion XAV

    Xave is a DeFi platform that focus on decentralized foreign exchange (FX) markets. It enhances stablecoin liquidity through an automated market maker (AMM) model.

    On April 11, the network will unlock over 313 million XAV tokens, which constitutes just over 3% of the total supply. Xave will largely focus distribution to the team, investors, and treasury.

    Xave Unlock. Source: Cryptorank

    Other prominent token unlocks that investors can look out for this week include Delysium (AGI), Parcl (PRCL) and Circular Protocol (CIRX).

    The post 3 Token Unlocks for the Second Week of April appeared first on BeInCrypto.

    Justin Sun Claims First Digital Trust Scandal is ‘Significantly Worse Than FTX’

    TRON founder Justin Sun is intensifying his accusations against First Digital Trust (FDT), the issuer of the FDUSD stablecoin, who he claims embezzled $500 million of its clients’ funds.

    In an April 5 post on X, Sun compared FDT to the now-defunct FTX exchange, claiming the FDT case is “ten times worse.” FTX filed for bankruptcy in November 2022 after a bank run revealed an $8 billion shortfall in its assets.

    Justin Sun Compares First Digital Trust to FTX

    Sun argued that while FTX misused user funds, the exchange at least maintained an internal system that portrayed the activity as pledged loans.

    He explained that FTX used assets like FTT, SRM, and MAPS tokens as collateral in transactions that, on the surface, had some structure. In contrast, Sun claims First Digital Trust outright stole funds without user consent or any internal pledge mechanism.

    “FDT simply siphoned off $456m from TUSD’s custodial funds without client authorization or knowledge, and booked as loans to a dubious third party Dubai company without any collaterals,” Sun claimed.

    The Tron founder further asserted that the now-convicted FTX founder Sam Bankman-Fried (SBF) indeed misused funds. However, Sun noted much of that capital went into investments in reputable firms such as Robinhood and AI company Anthropic.

    On the other hand, Sun alleged that FDT diverted user assets into private entities for personal gain without any meaningful investment.

    Sun also took aim at FDT CEO Vincent Chok Zhuo, criticizing his apparent indifference following the exposure of the alleged misconduct.

    According to him, Chok has shown no intention of taking responsibility. This contrasts with SBF, who took steps to recover user assets and cooperated with authorities.

    “Vincent Chok has acted deceptively and maliciously, pretending nothing happened when exposed,” Sun stated.

    Considering this development, the TRON founder urged Hong Kong authorities to take swift action. He called for a response similar to that of US regulators during the FTX collapse.

    Sun emphasized that Hong Kong’s reputation as a global financial hub is at risk and called for immediate enforcement to prevent further damage.

    “Hong Kong must act like its US counterparts—swiftly, decisively, and effectively. We cannot allow the fraudsters continue its pyramid scheme against the public,” the crypto entrepreneur concluded.

    To support investigations, Sun has launched a $50 million bounty program aimed at exposing the alleged misconduct. He also met with Hong Kong lawmaker Johnny Wu to discuss potential regulatory action.

    The post Justin Sun Claims First Digital Trust Scandal is ‘Significantly Worse Than FTX’ appeared first on BeInCrypto.

    CZ Makes Rare Hong Kong Appearance: “I Don’t Trade Crypto Much”

    Former Binance CEO Changpeng Zhao made a rare public appearance in Hong Kong Sunday, revealing he rarely trades cryptocurrency despite founding the world’s largest exchanges.

    The appearance was particularly noteworthy as Zhao recently denied reports he would attend another Hong Kong crypto event on April 8. His presence at both the BNB Super Meetup and the MVB 9th event generated significant attention in the crypto community.

    CZ talking with Justin Sun at a BNB event in Hong Kong. Source:X(joezhoublack)

    Market Concerns and Investment Advice

    “The industry is not particularly healthy right now,” Zhao said during the BNB Super Meetup, criticizing excessive focus on meme coins. “We’re putting too much attention on quick gains.”

    In a surprising admission, Zhao said, “I don’t speculate much. I don’t trade crypto much. I haven’t bought any meme coins.”

    Zhao, worth approximately $66.6 billion, suggested several dozen to “over a hundred” cryptocurrencies could potentially outperform Bitcoin long-term, while emphasizing Bitcoin remains the most stable investment.

    For newcomers, he recommended a disciplined approach “I strongly recommend young people invest a small amount each month that you can afford to lose,” he advised, endorsing dollar-cost averaging. “There’s no bad time to enter the market, but how you enter is very important.”

    Past Mistakes

    Zhao acknowledged mistakes in Binance’s approach to DeFi, admitting he failed to give proper attention to the BNB ecosystem while dealing with US legal issues.

    “We didn’t focus enough on the BNB ecosystem. This was a big mistake.”

    When asked about BNB’s future value, Zhao avoided specific predictions but emphasized that expanding use cases would naturally increase its value.

    Personal Life

    Zhao revealed numerous countries now seek his blockchain advice, including the UAE, United States, Hong Kong, Thailand, Malaysia, and Japan. “Now countries need us, and we can support them,” he said.

    In a separate interview with Tron founder Justin Sun, Zhao discussed his digital education project aimed at providing free content to children worldwide. “With about $300 million, we could digitize 18 years of education across 30 subjects,” he explained.

    Before the Super Meetup, Zhao appeared alongside Ethereum co-founder Vitalik Buterin at BNB Chain’s MVB 9th event, where 16 projects were selected for an acceleration program.

    When asked about his daily routine, Zhao said he typically works from bed due to back problems and enjoys kitesurfing in his free time. “Most of my time is spent working from bed because my back isn’t great,” he shared.

    He completed a four-month prison sentence in September 2024 after pleading guilty to U.S. federal charges related to money laundering. Binance paid $4.3 billion in fines, while Zhao personally paid $50 million.

    The post CZ Makes Rare Hong Kong Appearance: “I Don’t Trade Crypto Much” appeared first on BeInCrypto.

    Avalanche (AVAX) Price Stuck Below $20 as Bearish Cues Prevent a Strong Rebound

    Avalanche (AVAX) price has been unable to reclaim the $20.00 support level after falling through it in the recent correction. The altcoin is now trading well below that key mark despite a noticeable decline in selling pressure. 

    However, bullish momentum has not been strong enough to counter prevailing bearish cues.

    Avalanche Investors Are Not Selling

    Analyzing the active address profitability reveals that less than 3% of current participants are in profit. This data highlights a crucial detail: most AVAX holders are unwilling to sell at a loss. Instead, they appear to be HODLing in anticipation of a recovery. This lack of selling is a bullish indicator.

    The patience shown by investors during this downturn could help Avalanche establish a stronger base once broader market conditions stabilize. As fewer holders are actively selling, downward pressure on AVAX’s price is reduced. Given the right market catalysts, this opens a window for the altcoin to bounce back.

    Avalanche Supply Distribution
    Avalanche Addresses by Profitability. Source: IntoTheBlock

    Despite low selling activity, the technical indicators continue to signal weakness. The Relative Strength Index (RSI) has dropped back into the bearish zone after a brief recovery attempt. This suggests a lack of buying pressure and continued uncertainty among investors.

    Market support has been lacking for AVAX in recent sessions, preventing a meaningful rebound. The altcoin is facing consistent resistance and has failed to generate strong upward momentum.

    The RSI trend reinforces that the macro environment is still leaning bearish, keeping Avalanche subdued.

    Avalanche RSI
    Avalanche RSI. Source: TradingView

    AVAX Price Is Vulnerable

    Avalanche is currently priced at $17.19, marking a 25% decline over the past two weeks. The sharp drop came after AVAX failed to break through the $22.87 resistance level. This rejection led to the current consolidation below $20.00, with bulls unable to reverse the trend.

    Given the existing market cues, Avalanche may struggle to reclaim $18.27 as a support level. If the altcoin fails to secure this level, it risks dropping further to $16.25. This would deepen investor losses and delay any chances of recovery.

    Avalanche Price Analysis.
    Avalanche Price Analysis. Source: TradingView

    On the upside, a key shift would occur if AVAX can flip $19.86 into support. This would suggest strengthening bullish sentiment and open the door for a rally toward $22.87. Reclaiming this level could allow Avalanche to recover some recent losses and restore investor confidence.

    The post Avalanche (AVAX) Price Stuck Below $20 as Bearish Cues Prevent a Strong Rebound appeared first on BeInCrypto.

    Bitcoin Falls Below $80,000 as Weekend Liquidations Exceed $590 Million

    Bitcoin fell below the $80,000 mark on Sunday as investor sentiment weakened across global markets. The move came alongside a spike in daily liquidations, which totaled $590 million. 

    Heightened anxiety over former President Donald Trump’s proposed tariffs and escalating geopolitical tensions weighed heavily on risk assets.

    More Traders are Shorting Bitcoin After the Worst Q1 In a Decade

    The long-short ratio for Bitcoin dropped to 0.89, with short positions now accounting for nearly 53% of activity. The shift reflects growing skepticism about Bitcoin’s short-term direction.

    Traditional markets also suffered sharp losses. The Nasdaq 100, S&P 500, and Dow Jones all entered correction territory last week, posting their worst weekly performance since 2020.

    Bitcoin Long-Short Ratio on Sunday
    Bitcoin Long-Short Ratio on Sunday, April 6. Source: Coinglass

    Bitcoin closed the first quarter with a loss of 11.7%, making it the weakest Q1 since 2014. 

    The broader crypto market lost 2.45% on Sunday, reducing total market capitalization to $2.59 trillion. Bitcoin remains the dominant asset, holding 62% of the market share. Ethereum follows with 8%.

    Sunday’s selloff triggered $252.79 million in crypto derivatives liquidations. Long positions made up the bulk of that figure at $207 million. Ethereum traders accounted for about $72 million in long liquidations alone.

    Bitcoin’s price remains closely tied to shifts in global liquidity, often reflecting broader macro trends. With U.S. markets set to open Monday, this weekend’s activity signals continued volatility ahead.

    bitcoin price chart
    Bitcoin Weekly Price Chart. Source: TradingView

    Investors may face more pressure after Federal Reserve Chair Jerome Powell warned that Trump’s tariff plans could push inflation higher while slowing economic growth.

    That combination raises the risk of stagflation, a situation where policy tools become less effective. Efforts to stimulate the economy can worsen inflation, while measures to control prices can limit growth.

    The post Bitcoin Falls Below $80,000 as Weekend Liquidations Exceed $590 Million appeared first on BeInCrypto.