Circle, the issuer behind the USDC stablecoin, has frozen $57 million worth of USDC connected to the LIBRA team, according to on-chain data. The move, first reported by Aggr News on X, shows two transactions marked as “freezeAccount,” on the Solana blockchain. Circle’s USDC Transfer Halt Exposes Centralized Control Behind Stablecoins As Circle centralizes control over USDC, freezing the asset is an option built into the system. As a result, its control can be activated, when necessary, usually for law enforcement, sanctions or against suspected unlawful activity. So far, both Circle and other official sources have not explained why the freeze was put in place. These kinds of actions usually indicate that something is suspected by the authorities. Many cryptocurrency users still question how Circle can restrict access to users’ money. The blockchain supports security and follows regulations. However, many crypto fans dislike the changes the company makes to its… Read More at Coingape.com
The biggest altcoin in the crypto market, Ethereum (ETH), has historically performed well in April and May, gaining around 20% to 30% in a month. This year, ETH is already showing positive signs, rising by 3% on the first day of April. Meanwhile, prominent crypto analysts say if this trend continues, Ethereum could surge above $3,000 by May.
Worst Q1 For ETH Since Existence
Despite Ethereum’s promising outlook for the coming months, the first quarter of 2025 has been one of its most challenging yet. ETH ended Q1 in the red, making it the worst-performing first quarter in its history.
January saw a modest decline of 1.28%, but February was especially rough, with a staggering drop of 31.95%. March didn’t offer much relief either, as Ethereum lost another 18.69% in value, marking the first time all three months in Q1 ended in losses for ETH.
However, historical trends suggest that Ethereum tends to recover strongly after difficult quarters. With April now underway, many traders are hopeful that ETH will stick to its seasonal trend of double-digit percentage gains.
Bullish Month For ETH: April & May
Looking at Ethereum’s price performance over the years, April has consistently delivered an average return of 20%, making it the second-best month for ETH. Meanwhile, May stands out even more, with an average return of over 30%.
Meanwhile, these trends suggest that Ethereum could be heading for a strong rally in the coming weeks.
APRIL AND MAY HAVE BEEN 2 OF THE BEST PERFORMING MONTHS FOR $ETH.
SINCE INCEPTION, ETHEREUM HAS AVERAGE 20% AND 30% RETURNS IN APRIL AND MAY.
Crypto analyst Ash Crypto has pointed out that ETH’s historical patterns indicate the potential for a breakout. If past trends hold, Ethereum could cross the $3,000 mark by May, offering a significant opportunity for investors to buy the current dip.
As of now, Ethereum is trading at $1,874, showing a 3.5% increase in the past day. While the price is still far from its recent high of $2,104, ETH appears to be gaining momentum. The altcoin’s market cap is around $225 billion, with a 24-hour trading volume of $15.23 billion, indicating strong interest from traders and investors.
With Ethereum entering a historically bullish period, the coming weeks could be crucial in determining whether it will reclaim the $3,000 mark.
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The biggest altcoin in the crypto market, Ethereum (ETH), has historically performed well in April and May, gaining around 20% to 30% in a month. This year, ETH is already showing positive signs, rising by 3% on the first day of April. Meanwhile, prominent crypto analysts say if this trend continues, Ethereum could surge above …
Pepe Coin (PEPE) price trades at $0.00001399 and is down by 3.19% today. This drop coincides with Bitcoin’s intraday pullback, risking a $102k breakdown. With whale transactions spiking 257%, PEPE price top could be in sight. Will this sell signal lead to a 25% crash in the near term?
Slowdown in Bitcoin Warns Market-wide Pullback
At present, Bitcoin price is up by 1.15% at $103,814 today as the struggle continues to overcome the $104k peak. The BTC price at a low-volume zone warns of a pullback to the $102k high-volume zone. If the bitcoin price crashes below the $102k, a potential sustained drop into the $102.6k-$93.1k zone is likely, where BTC could consolidate for weeks. This drop in Bitcoin could influence Pepe Coin and other altcoins.
During consolidation, the downside risk to $93.1k will lead to a broader market correction, especially for highly volatile meme coins. Hence, with a weakening in the market leader, PEPE’s price could witness a pullback in the weeks to come.
Are Whales Selling Off Before an Incoming Crash?
Following a strong bull run last week, a surge in Pepe whale transactions warns of a cycle top coming for PEPE. A surge in whale transactions following a rally typically signals a top formation, while a spike after a correction often translates to potential bottom. Historically, the peaks in whale transaction counts are a bellwether to a potential top formation after a bullish trend, as seen during May, November, and December of 2024.
Transaction Count by Size
Based on IntoTheBlock’s data, the transaction count of more than $1ook in value peaked at 720 on May 12, coinciding with the Pepe Coin’s peak at $0.000015. Generally, the peaks are formed with transactions crossing the 800 mark, signaling profit booking by whales.
Pepe Coin Price Analysis Warns of Double Top Breakdown
Pepe Coin price jumped 100% from $0.0000075 to $0.000015 between May 6 and May 12. However, the meme coin fails to cross the $0.000015 psychological resistance, resulting in a sideways shift with $0.00001274 as baseline.
The consolidation results in two peaks, hinting at a double top reversal with a 7.42% drop. To complete the bearish pattern, PEPE price must drop to the $0.00001274 neckline and break the short-term support trendline at $0.00001274. A four-hour candlestick close under the $0.00001274 neckline is mandatory for a decisive breakdown. In such a case, the double-bottom pattern forecasts a 25% crash to $0.00001063, calculated by adding the double top’s height to the neckline.
The Relative Strength Index (RSI) line shows bearish divergence as it declines from the overbought zone to the halfway line during PEPE’s uptrend. Furthermore, the MACD and signal lines fall after a negative crossover, suggesting a surge in underlying bearishness.
Pepe Coin price chart
If the Pepe Coin price bounces back to violate the $0.000015 ceiling, the double top pattern will be nullified. According to Fibonacci levels, the 23.60% level overlaps with $0.000015 and targets $0.00001792 as immediate resistance if the trend flips, aligning with the Pepe price prediction.
Is Blind Optimism Behind 72% of Binance Traders Holding PEPE Longs?
Despite the short-term pause in the PEPE price rally, heightened optimism in futures contracts anticipates an uptrend continuation. The Open Interest (OI) at $583 million sustains a near record-high level at $583 million, signalling strong traders’ interest.
PEPE Futures Open Interest (USD)
Additionally, as optimism reaches dangerous levels, 72% of PEPE traders on Binance hold a long position. This surges the Long/Short ratio to 2.57, signalling a strong bullish inclination.
Binance PEPEUSDT Long/Short (Accounts)
Despite the retail optimism, the recent 720 transactions peak bolsters the double top reversal to the $0.00001063 level. Hence, the on-chain and technical signal warns of a potential long-liquidation spike as OI nears $600 million.
