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The post Altcoin Season 2025 Has Arrived, Santiment Data Shows appeared first on Coinpedia Fintech News

Traders are convinced the altseason is either here or just about to explode. After Bitcoin’s massive surge last week, profits are flooding into riskier assets, setting the stage for altcoins to take the spotlight.

Bitcoin has held strong above $94,000 despite macro uncertainty. While altcoins have remained relatively neutral today, they have posted gains of 5-13% over the past week.

The latest Santiment analysis shows a rise in both price action and the social media volume across the crypto market in the past week. Bitcoin leads the way with a 23.21% rise in social volume, followed by Ethereum, XRP, and meme coins like TRUMP and PEPE seeing notable attention. 

Wrapped TRON, TRUMP Tokens Surge 150%

On the price side, several altcoins outperformed, with Wrapped TRON and Trump-themed tokens posting massive gains of over 150%. Sui, UGold, and PEPE were among the top gainers. The total market cap grew over 10% to $3.81 trillion, and the trading volume surged 21.38%, which shows growing momentum in the market. 

The TRUMP token spiked both in price and social volume around April 23, driven by strong community hype before slightly cooling off. There has been a rising interest in altcoins over the past month. The increase in social volume and BTC price strongly hints at an upcoming altseason.

Altcoins Gain Attention as Social Volume Peaks

The social volume for altcoins has also steadily increased, peaking around April 23-26. Altcoins’ share of total discussions rose after April 17, which shows that market participants are shifting focus to higher-risk, higher-reward assets. 

Bitcoin’s price has also been rising, which creates a favorable condition for an altcoin rally. Although there was a slight pullback in volume and dominance, it could be a temporary sign to stay cautious in the short term. It is also important to note that there has been a big jump in discussions around memecoins like Doge. 

Analyst Ash Crypto, in his recent X post, warned users against selling altcoins at a 50% loss, suggesting that holding them could lead to gains (5x-20x) in the next year. Despite the challenges of the 2022 bear market and the possible future crash due to tariffs, he believes that trillions in new crypto investments will flow in 2025 through Quantitative Easing.

The post Altcoin Season 2025 Has Arrived, Santiment Data Shows appeared first on Coinpedia Fintech News
Traders are convinced the altseason is either here or just about to explode. After Bitcoin’s massive surge last week, profits are flooding into riskier assets, setting the stage for altcoins to take the spotlight. Bitcoin has held strong above $94,000 despite macro uncertainty. While altcoins have remained relatively neutral today, they have posted gains of …

The post BlackRock Bitcoin ETF Inflow Explodes to Nearly $1 Billion in a Day appeared first on Coinpedia Fintech News

BlackRock’s iShares Bitcoin Trust (IBIT) just posted one of its biggest days since launch, pulling in nearly $1 billion in a single day. The $970 million inflow on Monday marks a powerful comeback in investor interest, particularly among institutions looking to add Bitcoin to their portfolios.

Selective Appetite for Bitcoin ETFs

While IBIT saw massive gains, other Bitcoin ETFs struggled. Fidelity’s FBTC posted about $87 million in outflows, while Grayscale’s GBTC lost $42 million. Ark Invest’s ARKB had the roughest day, seeing over $226 million in outflows.

This growing divergence suggests that while investors are returning to crypto, they are being highly selective — and BlackRock seems to be winning their trust.

The spike in BlackRock Bitcoin ETF inflow also comes alongside a broader uptick in Bitcoin sentiment. As stock markets wobble and economic uncertainty builds, many are turning to Bitcoin again — viewing it as a hedge much like gold. Supporters argue that Bitcoin’s relatively steady performance in recent weeks makes it an attractive place to park capital during turbulent times.

Politics, Fed Policy, and Market Mood

Adding to the improving market sentiment, Unity Wallet’s COO James Toledano noted that easing fears around tariffs and a more optimistic Federal Reserve outlook have helped lift investor confidence.

Interestingly, he also pointed out that former President Trump’s recent silence on crypto, a departure from his typically market-moving comments, may have helped calm nerves — though he acknowledged it’s hard to directly connect the two.

Spot Bitcoin ETFs: Still Finding Their Footing

BlackRock’s IBIT belongs to a new generation of spot Bitcoin ETFs that debuted in January, allowing both regular and institutional investors to access Bitcoin through traditional market channels.

While the broader spot ETF market is still stabilizing, BlackRock’s overwhelming inflows show where momentum is clearly building.

Adding more perspective, a crypto analyst highlighted that the gap between BlackRock’s IBIT holdings and MicroStrategy’s Bitcoin stash is narrowing rapidly.Currently, IBIT holds 573,869 BTC, compared to MicroStrategy’s 553,555 BTC. With only a 20,000 BTC difference now, the competition between the two for the largest institutional Bitcoin treasury is heating up.

The post BlackRock Bitcoin ETF Inflow Explodes to Nearly $1 Billion in a Day appeared first on Coinpedia Fintech News
BlackRock’s iShares Bitcoin Trust (IBIT) just posted one of its biggest days since launch, pulling in nearly $1 billion in a single day. The $970 million inflow on Monday marks a powerful comeback in investor interest, particularly among institutions looking to add Bitcoin to their portfolios. Nearly *$1bil* into iShares Bitcoin ETF today…2nd largest inflow …

The post UAE Launches Dirham-Backed Stablecoin Under New Dubai Crypto Regulation Push appeared first on Coinpedia Fintech News

Abu Dhabi is moving closer to becoming a global fintech leader. Three major UAE organizations, International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB), have come together to launch a brand-new stablecoin backed by the UAE Dirham.

However, Abu Dhabi’s ambitious plan challenges the dominance of US dollar-backed stablecoins, as other countries also look to create their national alternatives.

Safe, Fast, and Global Payments

The stablecoin will be issued on the ADI blockchain, a homegrown technology. The goal is to make payments safe and easy for people, businesses, and organizations, both in the UAE and worldwide.

This stablecoin will help with everyday payments and more complex digital transactions. Since it’s backed by the local currency and follows the Central Bank’s rules, it will be safe and legal.

First Abu Dhabi Bank (FAB) will issue the coin once it gets approval from the Central Bank of the UAE. This partnership combines strong financial support, new technology, and official regulation.

UAE Going Beyond Payments

This stablecoin isn’t just for simple transactions. It’s also made for the future, supporting payments between machines and AI-powered transactions.

The goal is to create a digital currency that works in new areas like smart finance and the Internet of Things (IoT), helping the UAE stay ahead in these fast-growing fields.

Pushing UAE’s Fintech Vision

This step is part of the UAE’s larger goal to be a leader in digital finance. Last year, the country introduced its first official stablecoin, AE Coin. Recently, a local company, MGX, invested $2 billion in Binance, proving how committed the region is to crypto and blockchain.

Syed Basar Shueb, CEO of IHC, said the new stablecoin is an important step for digital finance. He is proud that IHC is using its blockchain skills in the project and that the partnership shows the UAE’s focus on leading digital currencies.

Even Mohamed Hassan Alsuwaidi, CEO of ADQ, believes this project will make the UAE’s digital systems stronger.

Countries Consider Stablecoins Not Backed by USD

As the UAE moves forward with its stablecoin, other countries like Russia are also exploring their own. Russia is considering a stablecoin backed by its currency after facing US sanctions.

Many countries are looking into stablecoins tied to their currencies or central bank digital currencies (CBDCs). 

However, a report from Citigroup suggests, US dollar-backed stablecoins still lead the market, with Tether holding 90% of the $230 billion market, a 54% increase from last year.

The post UAE Launches Dirham-Backed Stablecoin Under New Dubai Crypto Regulation Push appeared first on Coinpedia Fintech News
Abu Dhabi is moving closer to becoming a global fintech leader. Three major UAE organizations, International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB), have come together to launch a brand-new stablecoin backed by the UAE Dirham.However, Abu Dhabi’s ambitious plan challenges the dominance of US dollar-backed stablecoins, as other countries also look …

A US court has vacated its decision against Tornado Cash, prohibiting the Office of Foreign Assets Control (OFAC) from reinstating previous sanctions on the crypto mixer. Coinbase CLO Paul Grewal hailed the ruling while taking swipes at the Treasury Department over the botched handling of the delisting procedure.

Coinbase CLO Ecstatic Over Court Ruling In Favor Of Tornado Cash

The legal drama between the US Department of the Treasury and Tornado Cash has taken another turn following a new court ruling. According to an X post by Coinbase Chief Legal Officer (CLO) Paul Grewal, the US District Court for the Western District of Texas has vacated its previous judgment that sided with the Treasury Department.

Under the new ruling, the federal court reversed its judgment, noting that OFAC’s decision to impose sanctions against Tornado Cash violated the Administrative Procedure Act. This time, the court is siding with Tornado Cash, with the ruling having far-reaching implications for parties.

The Coinbase CLO notes that the decision bars OFAC from reissuing original sanctions on Tornado Cash. However, the agency can still impose fresh sanctions in the future, but it has to comply fully with the APA.

“OFAC is now legally prohibited from reinstating the original sanction,” said Grewal. “Congratulations to the brave plaintiffs who had the courage to stand up to their own government for their rights under law.”

OFAC imposed sanctions on Tornado Cash after finding ties between the crypto mixer and the North Korean hacking syndicate Lazarus. Despite his support of Tornado Cash, the Coinbase CLO is pushing for improved blockchain transparency in the fight against crime.

Court Trashes US Treasury Over Its Delisting Process

After a series of legal drawbacks, the US Treasury applied to the court to moot its final decision on the matter. At the time, the US Treasury argued that since it had removed Tornado Cash from the SDN list, there was no need for a final court judgment.

However, in the latest ruling, the court took swipes at the Treasury Department over its decision to moot the case. The Coinbase CLO has previously bashed the Treasury Department, noting that the hasty decision to moot the case signals a ploy to reissue sanctions on Tornado Cash.

“On the second prong, defendants do not suggest they will not sanction Tornado Cash again, and they may seek to re-enact precisely the same designation in the future,” said the court before discarding the application.

Following the ruling, Tornado (TORN) price spiked by nearly 8% on the daily charts to reach $7.90. The rally follows a 50% XMR price spike as Bitcoin and other top cryptocurrencies score modest gains over the last day.

Paul Grewal’s heat map is red-hot with the Coinbase CLO revealing new facts from the Ethereum 2.0 investigation documents.

The post Coinbase CLO Hails Court Decision Vacating OFAC’s Sanctions Against Tornado Cash appeared first on CoinGape.

Cardano (ADA) has recently shown strong signs of a recovery, giving traders new hope for a rally towards the $1 mark. The price has climbed above $0.70 for the first time since March and is currently facing key resistance levels that could decide the next move.

Cardano Price Strong Recovery Hints at Rally

According to crypto analyst Ali Charts, the Cardano price is approaching a major test at $0.74. A breakout above this level could open the way for a move toward $0.88 for ADA price. Over the past seven days, Cardano has gained more than 12%, showing increased investor interest.

Trading volume has risen by 33% in the past 24 hours, reaching $723 million. This higher volume signals that buyers are becoming more active as Cardano attempts to overcome resistance barriers between $0.7150 and $0.7200. If the Cardano price fails to break above these levels, it could drop back to $0.6800.

The ADA price is currently trading around $0.7088, showing a daily gain of 2.04%. It continues to recover from the recent low of $0.6500. However, some technical indicators suggest that the upward momentum could be weakening as ADA price nears critical resistance points.

Whale Activity and ETF Speculation

Large Cardano holders, often referred to as whales, have been increasing their ADA holdings. Data from Santiment shows that wallets holding between 10 million and 100 million ADA now control 35.5% of the total supply. This figure has risen from 33% in January, indicating sustained accumulation boosted by the recent reveal of backing for the Ripple coin XRP.

Wallets with between 1 million and 10 million ADA have also grown to account for 15.83% of the supply. Analysts view whale accumulation as a positive sign, as it often suggests that large investors expect future gains.

In addition, speculation about a potential spot ADA ETF is gaining momentum. Following the appointment of Paul Atkins as the new chair of the Securities and Exchange Commission (SEC), expectations for ETF approvals have increased. Moreover, Polymarket data shows the probability of an ADA ETF being approved this year jumped to 51%.

Golden Cross Formation and Bullish Momentum

As per the recent technical analysis, a Golden Cross on the 4-hour chart has emerged, strengthening the Cardano’s price’s bullish outlook. Subsequent to this crossover, the price rose sharply and then trading above the 50 period SMA which has since become the support. Another positive sign was marked by higher highs and higher lows in the price action.

The Money Flow Index (MFI) at the moment is 55.33, which is more neutral to slightly bullish at the moment. The MFI is not overstretched towards the buy signal and not oversold, meaning there is potential for rising ADA prices if the undertone remains bullish.

On a larger timeframe, Cardano price is within the falling channel formed in the first half of 2025. The price has reversed from the channel bottom and is currently moving towards the midway and the upper edge of the channel.

An upward breakout above the upper Bollinger Band about $0.77 to $0.78, in accordance with Ali Charts, could open the way for further upward trends towards $0.88 possible. Therefore, if Cardano price clears this region, it will endorse the bullish signal highlighted earlier by the Golden Cross formation.

According to the charts, resistance is around $0.70 to $0.72, with further support at the lower border of the channel at $0.55 to $0.57. If the resistance levels remain intact, Cardano could revisit the lower support level before attempting another breakout.

The post Cardano Price Eyes Rally To $1 As Golden Cross Pattern Forms appeared first on CoinGape.

Galaxy Digital may have lost faith in Ethereum and is angling for a massive offload of ETH tokens in the near future. The financial services firm has moved 23,900 ETH to Coinbase in a move that triggered sell-off concerns for the largest altcoin.

Is Galaxy Digital Selling Off Its ETH Holdings?

Fresh on-chain data suggests that Galaxy Digital is jockeying to sell off a substantial portion of its Ethereum holdings. According to an X post by Lookonchain, the firm has transferred 23,900 ETH, worth a staggering $42 million, to Coinbase.

Galaxy Digital moved the ETH holdings from its OTC wallets in multiple transactions, transferring the holdings to Coinbase in under eight hours.

“OTC wallets of Galaxy Digital have deposited 23,900 ETH ($42.52M) to Coinbased in the past 8 hours,” wrote Lookonchain.

The ETH transfers have since sparked concerns of an incoming sell-off by the financial services firm. Traditionally, whales moving a significant amount of their holdings to centralized exchanges are a tell-tale sign of an incoming asset sale.

Sentiment for a sell-off is high in this case, given the sheer volume of ETH transfers to Coinbase and Galaxy Digital’s previous track record. Last week, Galaxy Digital offloaded ETH to purchase SOL on Binance, triggering a price slump for the largest altcoin.

Why Is The Firm Selling Off Its ETH?

Recent plays are indicating a changing stance by Galaxy Digital toward Ethereum. Previously, the firm went on an ETH accumulation spree with CEO Mike Novogratz buying a significant number of assets.

The financial services firm is now turning its gaze toward Solana from Ethereum, given the wave of market challenges faced by ETH. An unenthusiastic price performance that sees Ethereum struggle to hit $2,000 and Solana’s glowing metrics is dousing Galaxy Digital’s enthusiasm for the largest altcoin.

Despite the moves, the recent ETH sales may be short-term efforts by the firm to meet its immediate liquidity needs. Furthermore, the movement of funds may be a change in internal custody processes and not an actual sale.

Ethereum price is holding its own since Galaxy Digital moved its ETH holdings to exchanges. ETH is trading at the $1,800 mark with whales scooping 10M ETH in a show of faith in the beleaguered asset.

The post Galaxy Digital Deposits 23,900 ETH On Coinbase Sparking Sell-Off Concerns appeared first on CoinGape.

The post FTX News: Lawsuits Filed to Recover Assets and Boost FTX Repayment appeared first on Coinpedia Fintech News

Even after FTX collapse, the exchange isn’t stepping out of the spotlight. In the latest FTX News update, the bankrupt crypto exchange has launched a legal offensive to recover assets in a fresh effort to speed up FTX repayments.

According to a new press release on PR Newswire, FTX has filed lawsuits against NFT Stars Limited and KUROSEMI INC., the company behind Delysium. FTX claims these firms failed to deliver specific tokens that rightfully belong to its estate, even after multiple reminders and negotiation attempts.

With out-of-court talks failing, FTX is now seeking court orders to force the return of the disputed assets.

More Lawsuits on the Horizon

The legal push may just be getting started. FTX has warned that more lawsuits are coming, targeting other token and coin issuers who are allegedly holding onto assets. The exchange is actively reaching out, but if companies fail to cooperate, they can expect swift legal action.

The message is loud and clear: hand over the assets or prepare for a courtroom battle.

On the other side, Crypto analyst Eva Lenoir throws shade at FTX’s legal move, sarcastically calling it a “sheriff” act. She questions where this energy was when Sam Bankman-Fried was mishandling users’ funds, suggesting the lawsuits against NFT Stars and Delysium come far too late to matter.

Moreover, she also believes that the real losers are small investors who’ll bear the cost. She contrasts the chaos with Bitcoin, calling it strong, unshaken, and still shining.

Why FTX Is Ramping Up the Pressure

The FTX legal team emphasized that every asset recovery counts. Returning these tokens could significantly boost the funds available for FTX repayments to creditors who are still awaiting compensation after the exchange’s catastrophic collapse.

While FTX says it prefers to resolve matters amicably, it has made it clear it will not hesitate to pursue aggressive legal remedies if needed.

In its mission to maximize FTX repayments, the collapsed exchange is taking no prisoners. Lawsuits are now firmly on the table, and more companies could soon find themselves in FTX’s crosshairs.

FAQ

The post FTX News: Lawsuits Filed to Recover Assets and Boost FTX Repayment appeared first on Coinpedia Fintech News
Even after FTX collapse, the exchange isn’t stepping out of the spotlight. In the latest FTX News update, the bankrupt crypto exchange has launched a legal offensive to recover assets in a fresh effort to speed up FTX repayments. According to a new press release on PR Newswire, FTX has filed lawsuits against NFT Stars …