The International Monetary Fund (IMF) had previously confirmed that El Salvador is upholding its commitment to halt Bitcoin accumulation within its public sector.
Yet, on-chain data reveals a different reality that the Central American nation is continuing to grow its Bitcoin reserves quietly.
Bitcoin Accumulation Continues in El Salvador Despite IMF’s Policy Claims
In an April 26 press briefing, Rodrigo Valdes, Director of the IMF’s Western Hemisphere Department, stated that El Salvador is complying with the agreed non-BTC accumulation policy.
“In terms of El Salvador, let me say that I can confirm that they continue to comply with their commitment of non-accumulation of bitcoin by the overall fiscal sector, which is the performance criteria that we have,” Valdes stated.
“The program of El Salvador is not about bitcoin. It’s much more, much deeper in structural reforms, in terms of governance, in terms of transparency. There is a lot of progress there. And also, on fiscal. And authorities have been making a lot of progress implementing the reform,” he continued.
Beyond BTC, Valdes stressed that fiscal reforms are another priority for El Salvador. These measures could unlock access to as much as $3.5 billion in financial assistance, potentially boosting private sector investments and supporting sustainable economic growth.
El Salvador’s efforts are tied to its December 2024 agreement with the IMF for a $1.4 billion loan. As part of the deal, the financial regulator required the government to revise its Bitcoin policies.
These changes included removing mandatory BTC acceptance for merchants, ending Bitcoin-based tax payments, and scaling back the Chivo wallet project.
Stacy Herbert, Director of the National Bitcoin Office, emphasized that El Salvador will continue to expand its strategic Bitcoin reserve.
She explained that this move helps the country maintain its first-mover advantage in the crypto space.
“El Salvador continues front-running the rest of the world by adding to its Strategic Bitcoin Reserve. First mover advantage intensifies,” Herbert said.
Meanwhile, the country’s embrace of emerging technologies continues to attract international attention. Stablecoin issuer Tether recently relocated its headquarters to El Salvador, praising the nation’s favorable regulatory environment.
In addition, El Salvador recently signed a letter of intent with AI leader NVIDIA to develop sovereign artificial intelligence infrastructure. This move will strengthen its position as a rising innovation hub in Latin America.
Made in USA coins have delivered a mixed performance in the first week of May, with PENGU, SUI, and RENDER showing very different trajectories. PENGU surged by 107% over the past week, signaling a strong recovery after months of correction.
SUI also impressed, jumping 70% and positioning itself among the largest Made in USA coins. Meanwhile, RENDER struggled to gain traction, underperforming both the broader market and the leading AI coins.
Pudgy Penguins (PENGU)
PENGU was once the leading meme coin on Solana, reaching a peak market cap of $2.9 billion on January 6.
However, after its explosive rise, the token entered a prolonged correction phase, with its market cap falling below the $1 billion mark by January 29.
Since then, PENGU has struggled to regain its previous momentum, reflecting broader cooling interest in meme coins during that period.
Despite the correction, recent price action suggests that sentiment around PENGU may be shifting again.
Over the past seven days, PENGU has surged by 107%, including a gain of more than 16% in just the last 24 hours. PENGU could soon test the $0.011 resistance level if this strong momentum continues.
A break above this point could open the path toward $0.0126, and if bullish pressure remains strong, further targets at $0.0171 and even $0.0223 could come into play — breaking above the $0.020 mark for the first time since January 27.
SUI
SUI has been one of the standout performers among altcoins over the past week, surging 70% and positioning itself just behind Cardano, Solana, and XRP in market cap among the major Made in USA coins.
With such a powerful move quickly, SUI is approaching critical technical levels that could determine whether the rally continues or faces a pullback.
Recently, SUI tested the resistance at $3.73 but failed to break through it. If it manages to test this level again and successfully break above it, the next target would be $4.25, which would also mark SUI’s first time trading above $4 since January 31.
However, if bullish momentum fades, SUI could retrace to test the $3.25 support zone.
Losing this support could lead to a deeper correction toward $2.92 or even $2.51, making the coming price action especially important for assessing whether SUI’s rally can extend further.
RENDER
RENDER has been lagging behind the broader market, posting only a 2% gain over the last seven days, far less than most other major Made in USA coins.
It has also underperformed relative to the top AI-focused tokens, such as TAO, FET, and VIRTUAL, which have shown much stronger momentum.
This lackluster performance suggests that while artificial intelligence narratives continue to gain traction, RENDER has struggled to capture the same level of enthusiasm, raising concerns about its near-term outlook compared to its peers.
Technically, RENDER’s EMA lines are signaling potential weakness, with the possibility of a death cross forming soon.
If the downtrend materializes, RENDER could first test support at $4.25; losing that level could open the door for deeper drops to $3.82, $3.55, and even $3.14.
However, if RENDER manages to regain positive momentum, a rebound toward $4.63 could still be in play.
As the Web3 industry grows louder about inclusion, the harder questions remain quietly unresolved. Bitget’s Blockchain4Her initiative and its partnership with Cryptogirl take a more deliberate approach. They pair technical learning with mentorship, career pathways, and a candid look at what still holds newcomers back.
In this Q&A, BeInCrypto explores how the collaboration was shaped and what both teams believe needs to shift for inclusion efforts to go beyond optics.
BeInCrypto: Let’s start with the origin of Blockchain4Her. What led Bitget to launch this initiative, and what specific gap or need were you trying to address when it was first conceived?
Bitget: Well, the idea for Blockchain4Her really came about when we saw some data that just didn’t sit right with us. A study actually showed that female-led blockchain startups were getting a surprisingly small slice of the funding pie, only about 6%. That felt like a real imbalance, a missed opportunity.
So, we launched Blockchain4Her back in January 2024, putting a significant $10 million on the table, because we truly believe in the power of diversity and inclusion in the blockchain space. It’s not just about fairness; it’s about bringing different perspectives and ideas to the sector, which ultimately benefits everyone.
And when we say we want to help women, we mean it concretely. Blockchain4Her includes different activities designed to support women at every stage, whether they’re just starting to explore the sector or looking to scale their existing ventures. We’re talking about educational resources to build their knowledge, funding opportunities to get their ideas off the ground, and events where their achievements can be recognized and celebrated.
Take our Mentorship program, for example. The goal there is simple: connect women who are eager to build in Web3 with experienced mentors – people who’ve been there, done that – and can offer guidance and support as they navigate their own unique journeys. We really want to foster that connection and knowledge sharing.
BeInCrypto: Why did Bitget choose Cryptogirl as a partner for this course? What made this collaboration feel aligned with Blockchain4Her’s mission?
Bitget: When we were looking for partners for Blockchain4Her, connecting with CryptoGirl felt like a natural fit. They’re the leading Italian community for women in Web3, and they’re incredibly active in the space, sharing valuable insights and guidance. So, it was an obvious choice to collaborate with them on this initiative.
Our initial conversations really focused on the specific challenges women face in Web3, particularly from their direct experience within the Italian landscape, where they have a strong presence. What became clear was that for many women, Web3 and blockchain still feel distant, overly complex, even intimidating. This perception often prevents them from even considering entering the sector.
Based on this understanding, it became evident that our first joint initiative with CryptoGirl needed to address this head-on. We decided to prioritize education, creating a course that’s accessible to everyone, breaking down the fundamentals in a clear and straightforward manner. We wanted to demystify the technology and lower the barrier to entry, making Web3 feel less like an exclusive club and more like a welcoming space for anyone interested in learning and building.
BeInCrypto: From Cryptogirl’s perspective, what made this partnership with Bitget the right fit? What impact did you believe you could achieve together that might have been harder to accomplish independently?
Cryptogirl: Choosing Bitget as a partner for Blockchain4Her was a really exciting decision because their vision for the future of Web3 resonated deeply with Cryptogirl’s own goals. We both recognized that by joining forces, we could significantly amplify our impact, elevate more women within the Web3 space, and ultimately break down existing barriers at a much faster pace than we could achieve individually.
Beyond that shared ambition, the fact that Bitget’s CEO is a woman was also a powerful and inspiring factor. It signaled a clear commitment from the top to the values of diversity and inclusion that Blockchain4Her champions. And, well, let’s just say that with that kind of alignment and leadership, the potential for truly making a global impact definitely felt within reach!
BeInCrypto: A number of similar Web3 education programs for women have launched in recent years. In terms of structure, delivery, or guiding philosophy, what makes this course stand out?
Cryptogirl: Beyond providing a solid introduction to Web3 concepts and technologies, the course offers hands-on experiences, allowing participants to directly engage with Web3 tools in a collaborative and supportive environment.
What truly sets it apart in my opinion is its practical, career-oriented focus. We guide participants through the concrete steps needed to find work in the Web3 space: which platforms to use, how to tailor and ‘Web3-optimize’ your LinkedIn profile, and what kinds of job opportunities are out there.
Bitget: What is worth noting is that the course combines Bitget’s established educational framework with Cryptogirl’s on-the-ground understanding of the Web3 space to create a truly comprehensive and relevant learning experience. In addition, to further motivate and empower participants, we’ve also incorporated some significant bonuses. Imagine receiving a certificate personally signed by Bitget CEO Gracy Chen – that’s a fantastic addition to any professional profile. We’re also offering the incredible opportunity to apply for an internship at Bitget, providing real-world experience in the industry. And finally, the chance to receive one-on-one career advice from the experts at CryptoGirl will offer personalized guidance to help women navigate their paths in Web3.
BeInCrypto: This course targets those who may feel hesitant to enter Web3, especially women who fear “getting it wrong.” How did you design the sessions to address those psychological and social barriers, not just technical ones?
Bitget: We really wanted to cultivate a “safe space” where everyone felt comfortable asking questions, experimenting, and learning without any fear of judgment.
We actively incorporated interactive activities into each session. This wasn’t just about passive listening; we wanted to encourage participants to immediately put what they were learning into practice. That hands-on experience can be incredibly empowering and helps to break down the feeling that Web3 is too abstract or difficult to grasp.
Crucially, we always included Q&A sessions for all participants to voice their questions, concerns, and perspectives openly. Creating that space for dialogue and addressing doubts directly is vital in building confidence.
Furthermore, leveraging the strength of both Bitget’s and CryptoGirl’s existing communities was key. We actively encouraged participants to join these supportive networks where they could connect with like-minded individuals and key figures in the Web3 space. Building those connections and finding a community where they feel a sense of belonging is incredibly important in overcoming feelings of isolation or intimidation.
Cryptogirl: We were very intentional in designing the course to lower both psychological and social barriers, especially for women who feel hesitant or intimidated by the Web3 space. First, we made sure that the environment is welcoming and non-judgmental—there’s no such thing as a stupid question here.
Every session begins with grounding, inclusive language and a reminder that Web3 is still new for everyone. We also chose mentors and speakers who reflect the diversity we want to see in the space—women who’ve been through the same doubts, imposter syndrome, or fear of not being ‘technical enough.’ Their stories show that there are many valid entry points into Web3.
BeInCrypto: There’s often a wide gap between foundational education and actual opportunity. How are you making sure that participants don’t just learn, but also have clear pathways to contribute or work in the ecosystem after the course?
Cryptogirl: We really envisioned this project as more than just a course you complete and then it ends. We wanted to create tangible pathways for women to actively engage with the Web3 world long after the sessions concluded. That’s why we intentionally integrated opportunities for real-world connection and growth, think mentorship, project collaboration or internships at Bitget.
Ultimately, our goal is to bridge the gap between theoretical learning and practical application, turning the phrase ‘I learned this’ into the empowering reality of ‘I’m actually doing this.’ We believe that community is our superpower in achieving this. By building strong networks and fostering collaboration, we’re ensuring that no one is left to navigate the complexities of Web3 on their own.
Bitget: The way we designed each module of the Blockchain4Her course wasn’t just about delivering theoretical knowledge; each one has a very specific, practical goal in mind to empower participants beyond the learning phase.
The first module is really about building a strong foundational understanding of how blockchain technology actually works. We want to equip participants with the right tools and vocabulary to navigate the Web3 space with greater confidence, understand its underlying value, and recognize its potential applications.
Moving into the second module, we delve into the diverse real-world applications of Web3. This is designed to broaden their horizons, showcase the vast array of sectors within the space, and allow them to identify areas that truly spark their interest and align with their passions.
Finally, the third module takes a very practical approach to career development in Web3. We provide concrete, actionable tips on how to find jobs in this evolving industry, clearly outlining the specific skills and qualifications that are often sought after, especially when compared to more traditional sectors. We aim to demystify the job search process and provide tangible steps for participants to take their first or next career leap into Web3.
BeInCrypto: Looking beyond participation numbers, how do you define success for this course and the broader Blockchain4Her initiative? What metrics or outcomes matter most to you?
Bitget: For us, the true measure of success for this course, and for the broader Blockchain4Her initiative, goes beyond just the number of participants. It’s really about the impact we have on individual women’s lives. If we can reach as many women as possible and know that we’ve made a tangible difference in their journey – whether it’s sparking their interest in Web3, giving them the confidence to pursue a career change, or supporting them in launching their own projects – that’s a real win.
Getting the opportunity to connect with these women and follow their progress as they navigate the Web3 space is incredibly rewarding. We truly believe that women bring immense strength and valuable perspectives to this industry, and our ultimate goal is to empower them, build their confidence, and, in doing so, contribute to a meaningful shift in those gender gap statistics that inspired us to create Blockchain4Her in the first place. Seeing more women thrive and lead in Web3, that’s our definition of success.
If you’re a woman looking to take your first steps into the Web3 space or build a career in blockchain, the Blockchain4Her x Cryptogirl course is now open for registration. You can join and learn more here: https://lu.ma/nrvoc0q7.
During the 2025 edition of the Paris Blockchain Week, BeInCrypto sat down with Alexis Yellow, CEO of Yellow, a crypto project working on an entirely new paradigm based on Satoshi’s initial vision for Bitcoin.
He talks about the upcoming Yellow Tokens, a new smart contract mechanism, and making crypto projects more utility-driven.
Alexis, can you introduce yourself?
I’m Alexis, a software engineer by background. I worked at the European Space Center early in my career, but my crypto journey started quite unexpectedly.
Back in 2013, an old friend from school reached out—he was working at Goldman Sachs and told me about a project that needed help. He said, “There are 12 people in Silicon Valley printing fake money.” That project turned out to be Ripple.
Ripple ended up being our first client, and that experience really helped me grasp the potential of crypto.
Despite the skepticism surrounding the space, I saw real innovation. Ripple’s CTO was a Bitcoin Core contributor, and Vitalik Buterin was involved with the team before Ethereum.
Actually, Buterin was planning to join Ripple. He was especially excited about their consensus mechanism, which inspired me, too.
One thing that always stuck with me was Satoshi’s idea: We need systems where trust isn’t a prerequisite. That idea shaped a lot of my thinking.
Around 2018–2019, I decided to start Yellow. We later merged with a French exchange technology company called OpenWare. Combining my market experience with their tech, we launched Yellow Network.
So, it’s a trading infrastructure designed to let institutions, like Société Générale, trade directly with major players like Binance without needing to trust them.
Trading with exchanges like Binance without trusting them, do you mean trust as a counterparty?
Exactly that’s at the core of Satoshi’s vision. At Yellow, we’re working on a different model of trustlessness using state channels, which represent a new paradigm compared to traditional blockchain systems like Bitcoin or Ethereum.
In those systems, you have tens of thousands of nodes, say, around 30,000, validating each transaction. It’s a powerful model for security, each validator has a financial incentive to be honest, and there’s no way to roll back a confirmed transaction.
The same applies to staking networks. But that structure just doesn’t work for high-frequency trading. You can’t have 30,000 nodes verifying every microsecond trade. It’s simply too slow and inefficient.
For example, some networks try to solve this by reducing the number of validators to 21, but that compromises the level of trust and decentralization. Our approach is fundamentally different. The Lightning Network inspires it, but we’ve taken it in a new direction.
With the Lightning Network, you can move money instantly by opening a state channel. At Yellow Network, we use similar state channels but instead of transferring funds directly, we transfer profit and loss in real time.
For instance, if you buy a Bitcoin for $100,000 and it rises 5%, the $5,000 profit is immediately transferred to your wallet. The trade is settled instantly, peer-to-peer, with cryptographic proof.
To ensure security and fairness, we’ve built a smart contract called ClearSync. If a counterparty refuses to settle, as we saw with the HyperLiquid issue recently, ClearSync can step in and arbitrate the trade.
It verifies the claim and, if valid, ensures the rightful party receives what they’re owed. So, it’s a trustless system that still allows for the speed and flexibility traders need.
1/ $JELLYJELLY on @HyperliquidX and what happens when we rely on trust.
No, it’s peer-to-peer trading. Nothing is faster or more efficient than a direct state channel between two parties. Profit is transferred instantly. That’s the core of this new paradigm: trustless trading, where settlement happens in real time.
Let’s say we’re trading and the connection drops, no problem. If I made a profit, it’s already secured. I might not receive the asset, like Bitcoin, but my profit in dollars is locked in. There’s no need to trust the other party to settle correctly.
Is it effective profit or a claim to profit?
It’s effective profit, denominated in dollars or whatever currency is locked as collateral. Here’s how it works – two parties lock in $20,000 to trade Bitcoin. That amount represents the maximum they’re willing to risk.
If the trade results in a $5,000 profit for one side, that amount is instantly settled, even if the other party refuses to finalize the trade.
If both agree to settle, I send you $100,000, you send me one Bitcoin, and both our collaterals unlock.
Can you switch to stablecoin?
Absolutely. In fact, we’re working with stablecoin issuers to create partnerships and potential investments in Yellow.
Can you give us an idea of the size of the Yellow Group? How many people are there? How many transactions do you process ?
We haven’t officially launched. Before the war in Ukraine, we had a large team of over 100 people. Many have since relocated, mostly to Poland, but we still have staff in Ukraine. Right now, we’re about 50 people globally.
Meanwhile, you can track activity on our analytics site, BundleBear. On Polygon, we’re already the fourth most active app. On Linea, a new protocol by Consensys, we’re number one with over 229,000 users despite not being live yet.
We can see on your website that you are offering your technology so that you can list any token without going through a CEX or a DEX. Is that part of the project?
Exactly. The Yellow Wallet is like a Layer 3; it lets users interact with any chain seamlessly. It now supports cross-chain swaps, like moving tokens from Polygon to Binance Smart Chain, with zero fees. It’s designed to remove friction from cross-chain trading.
Seamless cross-chain swaps, all in your Yellow Wallet!
Swap between BNB, Base, Arbitrum, AVAX, Polygon, OP, Linea, and Scroll with ease.
No, not for the state channels themselves. We don’t monetize trades directly. The Yellow token plays a security role, a “necessary evil,” like ETH or BTC.
Your security deposit gets burned if you behave badly and refuse to settle. It ensures honesty in a peer-to-peer environment. Think of it like a miner losing their reward for trying to cheat.
How do you make money from the usage of your service?
The token economy is the foundation. Just like ETH or BTC derive value from usage and network participation, the Yellow token does too.
It’s needed to place security deposits in the network, and over time, its utility and adoption by industry players will drive its value.
If someone cheats, their token gets burned—creating deflationary pressure and reinforcing good behavior.
Is the token already traded?
Not yet, but we’re planning to launch in the next couple of months. We’ll mint 10 billion Yellow tokens; ideally, that number stays close to that.
If too many tokens get burned, it could indicate issues in the system. It’s a built-in signal to monitor the health and integrity of the network.
Are you going to start it with an airdrop or something of the sort?
No, we’re focused on utility-based distribution. Most tokens will be sold directly in the markets where they’re used. Ethereum didn’t launch with an airdrop. Neither did Bitcoin.
This is a B2B infrastructure project—just like Ethereum and Ripple. While the network is open to everyone, our core users are businesses and institutional players.
That said, the beauty of crypto is that the ecosystem is open. Anyone who believes in the project can get involved and benefit from the network effect, without needing to be a developer or an insider.
Anything important that we left out?
Yes, very few cryptocurrencies are used in the real world today. Bitcoin has proven its value as a store of wealth.
Ethereum demonstrated its utility during the ICO boom. USDT fills a vital gap in places where dollars are hard to access.
We believe Yellow can become the fourth pillar. It’s solving a real need in crypto markets: scalable, trustless, high-frequency trading. And we’re making it open source so the whole industry can benefit.
It’s obvious that Web3 applications will need infrastructure to reach the scale of platforms like Twitter or YouTube.
At Pragma today, @Yellow‘s Louis Bellet shared the secret weapon Ethereum already has to achieve this today.
I think this approach, state channels for speed and smart contracts for resolution, will redefine how trading infrastructure works. It’s ideal for gaming and other fast-paced applications where blockchains never truly fit.
Blockchain isn’t always the answer, especially if you’re using 30,000 nodes to validate a game move. That’s just not efficient.
With Yellow, the trading side is handled through cryptographic state channels not full decentralization. But if something goes wrong, we still fall back to a smart contract to arbitrate. That’s the balance we’re bringing.
Also, we’re working on a new ERC standard for this. In the next 3–4 years, I expect that 10–20% of new crypto projects will adopt this architecture.
Overall, We’re not just building a product, we’re introducing a new philosophy for how decentralized systems can operate more efficiently.
Nike is under fire after a group of investors filed a class action lawsuit, accusing the sportswear giant of causing massive financial losses by shutting down RTFKT, its Web3-focused subsidiary acquired in 2021.
The investors claim Nike’s actions led to a sharp collapse in the value of Nike-branded NFTs, wiping out millions in investments.
Nike Accused of Promoting Unregistered Securities Through NFTs
According to court documents, Nike allegedly “rugpulled” the community by closing RTFKT and cutting off demand for the associated digital assets.
The plaintiffs argue that Nike used its brand power and marketing expertise to promote what they describe as unregistered securities before suddenly abandoning the project.
This NFT project made $168M
Nike bought it
Elon Musk and Kanye West wore their shoes
Now the collection is gone And so are the founders
However, once RTFKT was dissolved, these incentives vanished. Buyers who once anticipated exclusive rewards and profitable resales saw their investments lose value almost instantly.
“Because The Nike NFTs derived their value from the success of a given promoter and project – here, Nike and its marketing efforts – investors purchased this digital asset with the hope that its value would increase in the future as the project grows in popularity based on the Nike brand,” the lawsuit stated.
The complaint highlights that promises of completing quests, unlocking limited-edition products, and opportunities for secondary sales were key motivations for purchasing the NFTs.
With the collapse of RTFKT’s operations, these incentives evaporated, leaving investors with worthless digital assets.
The investors argued that they would not have purchased the digital assets at inflated prices if they had known the true risks.
“Plaintiff and others would never have purchased the Nike NFTs at the prices they did, or at all, had they known that the Nike NFTs were unregistered securities or that Nike would cause the rug to be pulled out from under them,” the investors argued.
The plaintiffs seek a jury trial and damages exceeding $5 million for the alleged violations of consumer protection laws in New York, California, Florida, and Oregon.
RTFKT Suffers Technical Glitches
Meanwhile, this lawsuit comes as investor frustrations were further amplified on April 24 when technical issues prevented the Nike-linked NFT images from displaying.
“Beginning of April, the decision to stay on Cloudflare Free was (finally) approved and I started the work to move the infrastructure. Somehow this morning Cloudflare decided to move to the Free plan few days before the end of the contract which also triggered that bug in which Cloudflare refuses to stream images and videos,” Cardillo explained.
While most images have since been restored, Cardillo is now moving RTFKT’s NFT files to Arweave’s decentralized storage platform using AR Drive. This step aims to protect NFT holders from similar outages in the future.
Ethereum (ETH) has been showing signs of renewed strength, gaining 14% over the past seven days. Despite the recent rally, Ethereum has been trading below the $1,900 mark since April 2, highlighting the importance of key resistance levels ahead.
Whether Ethereum can reclaim higher ground or faces renewed selling pressure will likely depend on its next moves around major support and resistance zones.
Ethereum’s BBTrend Cools: What It Signals Next
Ethereum’s BBTrend currently sits at 8.77, marking a noticeable decline from 11.83 two days ago.
Despite the drop, the indicator has remained positive for the past three days, suggesting that Ethereum has maintained an underlying bullish structure even as momentum cools off.
This shift could signal the early stages of a potential consolidation phase, during which the market takes a breather before deciding on its next major move.
BBTrend, or Bollinger Band Trend, is a technical indicator that measures the strength of a trend by analyzing how price behaves relative to the Bollinger Bands.
When BBTrend values are high and positive, they generally signal a strong uptrend; when they are negative, they point to a downtrend. Ethereum’s BBTrend, now at 8.77, indicates that while the uptrend is still present, its strength is fading.
Ethereum Whales Hold Steady: What It Means for Price
The number of Ethereum whales — wallets holding between 1,000 and 10,000 ETH — currently stands at 5,458.
This figure rose slightly from 5,442 on April 21 to 5,457 on April 23, and has remained stable around this level for the past four days.
The recent stabilization suggests a pause in accumulation or distribution activity among large holders, offering a potential signal that the market could be waiting for a catalyst before making its next significant move.
Tracking Ethereum whales is critical because these large holders can have an outsized impact on price movements. When whale numbers rise, it often signals confidence and potential accumulation, which can be bullish for price.
With the number of Ethereum whales holding steady around 5,458, it could imply a neutral stance among major players — neither aggressively buying nor selling — potentially leading to reduced volatility and range-bound price action until a clearer trend emerges.
Ethereum’s Battle Around $1,828: Breakout or Breakdown?
Ethereum’s EMA (Exponential Moving Average) lines are currently aligned in a bullish formation, with the short-term EMAs positioned above the long-term ones — a classic sign of upward momentum.
Over the past few days, ETH attempted to break through the resistance zone around $1,828 but was unsuccessful. If Ethereum tests this level again and successfully breaks above it, the next upside targets would be the $1,954 resistance, followed by a potential move to $2,104.
A break above $2,000 would be significant, marking the first time ETH trades above this psychological level since March 27.
However, Ethereum price could fall back to test the support at $1,749 if the bullish momentum fades and the trend reverses. Losing this level could expose ETH to further declines toward $1,689.
Should selling pressure intensify, deeper support levels at $1,537 and even $1,385 could come into play.
Bitcoin exchange-traded funds (ETFs) in the US recorded massive inflows of more than $3 billion last week.
This performance marks one of the strongest weeks for Bitcoin ETFs in 2025, driven by the recovering BTC price and renewed interest from institutional investors.
Bitcoin ETFs Post Strongest Six-Day Inflow Streak
According to SoSoValue, the 11 spot Bitcoin ETFs recorded a combined inflow of approximately $3.06 billion over six consecutive trading sessions.
This wave of investment ranks as the second-largest net inflow on record for Bitcoin ETFs, highlighting increasing demand for crypto-focused financial products.
The largest inflows were seen on April 22 and April 23, when daily figures reached $936 million and $916 million, respectively. Analysts noted that these were among the best single-day performances since Donald Trump returned to the White House earlier this year.
US Bitcoin ETFs Six-Day Inflow Streak. Source: SoSoValue
The wave of investment lifted the total assets under management (AUM) for Bitcoin ETFs to $109 billion. BlackRock’s iShares Bitcoin Trust (IBIT) continues leading the market, now managing more than $56 billion. This accounts for roughly 3% of Bitcoin’s circulating supply.
Moreover, analysts from The Kobeissi Letter suggest that Bitcoin’s decoupling from macro assets has supported its price rebound. Since dipping under $75,000 on April 7, BTC’s price has surged by more than 25% and is now trading above $94,000.
“As global money printing continues so will Bitcoin’s price appreciation. The value of paper money is backed by nothing more than debt, and that debt has been running out of control for quite some time. Bitcoin is the solution to our broken monetary system,” Mark Wlosinski, a crypto analyst, said.
Looking forward, David Puell, an analyst at ARK Invest, remains highly optimistic about the top crypto.
Shiba Inu (SHIB) is showing renewed strength, rising more than 16% over the last week of April. Despite a difficult year for meme coins, SHIB has held up better than major peers like BONK, PEPE, and DOGE.
Its strong 0.82 correlation with Bitcoin suggests it could benefit further if BTC continues its uptrend. If momentum builds, SHIB could be poised for a major rally, potentially retesting price levels not seen since late 2021.
SHIB Holds Up Better Than Other Meme Coins Amid Market Volatility
This year has been difficult for meme coins overall, with 9 out of the top 10 trading in the red.
Shiba Inu is down 33.11%, but it has performed slightly better than other major meme coins like BONK, PEPE, and DOGE, which have suffered even deeper corrections.
While SHIB’s losses are still significant, its relative resilience could position it more favorably if sentiment across the sector begins to shift.
If the broader crypto market recovers in the second quarter, SHIB could benefit alongside the entire meme coin sector. Meme coins are known for their exaggerated moves — large-cap meme coins tend to post even bigger percentage gains when the crypto market rallies.
However, they also tend to suffer sharper corrections when the market weakens. If momentum returns, SHIB could be one of the first meme coins to react strongly to renewed investor appetite for risk.
SHIB Could Ride Bitcoin’s Momentum as Correlation Hits 0.82
Shiba Inu strongly correlates with Bitcoin (BTC), currently at 0.82.
With Bitcoin gaining momentum for the second quarter, this high correlation could also position SHIB for a strong rally.
Over the last seven days, BTC has increased by more than 10%, while SHIB has climbed by over 16%. This suggests that SHIB is already reacting more aggressively to Bitcoin’s positive price action.
SHIB Correlation With Other Coins. Source: IntoTheBlock.
If Bitcoin continues to rise and breaks above the $100,000 mark—a level many analysts see as possible for Q2—it could trigger new all-time highs for the broader crypto market.
Given its high beta and strong correlation with BTC, a major Bitcoin breakout would likely amplify SHIB’s gains, making it an important token to watch in the coming weeks.
Shiba Inu (SHIB) Needs 182% Rally to Revisit 2021 Highs
In the last major rally, Shiba Inu posted impressive gains, rising 157% between September 18 and December 11, 2024.
That surge reflected a combination of stronger Bitcoin momentum, renewed meme coin hype, and broader retail participation. SHIB price has shown that once momentum builds, its rallies can accelerate quickly, often outpacing the general market.
If SHIB enters a new uptrend cycle, fueled by interest in meme coins and Bitcoin’s push higher, it would need to rise about 182% to retest the $0.000040 level.
This would mark the first time SHIB reaches that price since December 2021. Given its history of sharp rallies once momentum kicks in, SHIB could be well-positioned if the market environment stays bullish.
World Liberty Financial (WLF), a project tied to the Trump family, has signed a letter of intent with the Pakistan Crypto Council (PCC). According to the project, this partnership will boost blockchain development, stablecoin use, and DeFi expansion in Pakistan.
A WLF delegation recently met with Prime Minister Shehbaz Sharif, Army Chief General Asim Munir, Finance Minister Muhammad Aurangzeb, and other top officials to explore collaboration opportunities.
Pakistan is Ramping Up Crypto Developments
The Pakistani government is preparing to announce a full set of cryptocurrency regulations. This move aims to position Pakistan as one of the fastest-growing crypto hubs globally.
Last month, Binance founder Changpeng ‘CZ’ Zhao was reported to have joined the Pakistan Crypto Council as a Strategic Advisor.
Meanwhile, president Trump is seemingly using his influence to push forward the DeFi initiative linked to World Liberty Financial.
Hyperliquid (HYPE) continues to generate strong revenue, collecting $42.53 million in fees over the last 30 days. However, despite the strong fundamentals, momentum indicators are weakening, with RSI and BBTrend both showing signs of cooling.
HYPE recently failed twice to break key resistance at $19.26, putting pressure on its short-term trend. Now, the price sits at a critical point where it could either collapse below support or mount a new rally toward $25.
Hyperliquid (HYPE) RSI Drops to 42 as Momentum Weakens
Hyperliquid’s Relative Strength Index (RSI) is cooling sharply, dropping to 42 from 60.93 yesterday.
The RSI is a momentum indicator that measures the speed and magnitude of an asset’s recent price changes. It ranges from 0 to 100, with readings above 70 typically signaling overbought conditions, and readings below 30 suggesting oversold conditions.
With HYPE’s RSI now at 42, the token is sitting in a neutral zone but leaning toward weakness.
If the RSI continues to fall, it could open the door for more downside pressure, but if it stabilizes and bounces back, HYPE could regain strength before deeper losses set in.
Hyperliquid (HYPE) Could Enter Consolidation After BBTrend Drop
Hyperliquid is seeing a sharp drop in its BBTrend indicator, now at 2.63, down from 12.68 five days ago. This steep decline shows that the bullish momentum seen earlier has faded quickly.
BBTrend readings falling this sharply often reflect a major slowdown in trend strength, signaling that the price could be entering a consolidation phase or preparing for a deeper correction.
BBTrend, or Bollinger Band Trend, measures how strongly an asset is trending based on the width and expansion of its Bollinger Bands.
High BBTrend values, generally above 10, indicate strong trending conditions, while low values closer to 0 suggest a weak or sideways market. With HYPE’s BBTrend at 2.63, the current reading points to weak trend strength.
If the BBTrend continues to stay low, it could mean that HYPE’s price will consolidate or move sideways unless new momentum builds.
Will Hyperliquid (HYPE) Collapse Below $16 or Rally Past $25?
Hyperliquid has tested the $19.26 resistance level twice over the past few days but failed both times. As a result, its trend now appears to be weakening, with a possible death cross forming soon.
If the bearish momentum continues, HYPE could drop to test support at $16.82.
If selling pressure intensifies, a break below $14.66 could open the way toward deeper support levels at $12.42 and even $9.32.
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