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Donald Trump has acknowledged the progress that the US has made towards boosting the crypto industry in the country. The US president also discussed why the US had to act fast to lead the way in crypto and praised Bitcoin’s role in complementing the dollar. Donald Trump Highlights US Progress Towards Crypto In a White
The post Donald Trump Says US Has Created A ‘Powerful’ Crypto Industry appeared first on CoinGape.
Dankrad Feist has unveiled a massive scaling proposal for Ethereum to save the network from a steep decline. The researcher notes that an unconventional Ethereum Improvement Proposal (EIP) to increase the gas limit will be a lifeline for the beleaguered network.
Ethereum developer Dankrad Feist has submitted EIP-7938 designed to increase Ethereum’s gas limit exponentially. According to the improvement proposal, the ambitious plan is seeking to increase the network’s capacity by 100-fold in a push over the next four years.
While the plan is an uphill climb, Dankrad Feist argues that EIP-7938 is a necessary for Ethereum’s survival over years. However, community members have poked holes in the proposal for being unconventional but Dankrad Feist says a 100X scaling for Ethereum is the solution to waning network activity.
“I do think it is time for being unconventional, because the current way of doing things is likely to make Ethereum irrelevant over the next 5-10 years,” said Feist.
Cardano founder Charles Hoskinson says Ethereum will fall within 15 years given its outdated tech and L2 fragmentation. Solana’s rise and glowing network activity have not only sparked speculation of a flippening but is stoking conversation of Ethereum’s incoming demise.
Apart from handing a lifeline to the network, Dankrad Feist notes that the 100X scaling proposal will be the strongest statement of intent for the network. For starters, the proposal offers strategic benefits to Layer 1 while preventing fragmentation of liqudity across several L2s.
Secondly, the expert argues that Ethereum can scale the L1 by 100X without losing its verifiability and censorship resistance perks. Finally, Feist committing to the scaling timeline will offer a range of benefits including the advantages of “working backwards from a goal” rather than sticking to small, incremental changes.
“Ethereum L1 is currently still the home for DeFi but this might not be true for much longer if we don’t start strongly supporting applications,” said Feist.
The developer warns that the final outlook might see some part of Ethereum look like Solana but he says comparison is “irrelevant.”
Firms like Galaxy Digital are offloading ETH for SOL given an underwhelming price performance for the largest altcoin. ETH price currently trades at $1,845 after a shoddy performance in Q1, sparking fears of a steeper drop below $1,000.
The Ethereum-to-Bitcoin ratio has sunk to its lowest level in five years with Taproot Wizard co-founder Eric Wall blaming the decline on rising competition and the failure of ETH to evolve as a “wartime asset.”
The post Dankrad Feist Warns Ethereum In Danger If It Fails To Scale 100X appeared first on CoinGape.
Bitcoin spot ETFs have experienced a rollercoaster week of inflows and outflows, largely driven by investors reacting to shifting macroeconomic cues.
However, a renewed wave of optimism has swept through the markets following the US Federal Reserve’s decision to leave interest rates unchanged. This move appears to have reassured investors and reignited institutional appetite for BTC-backed funds.
The week started strong. On Monday, inflows totaled $425.45 million across BTC spot ETFs. Yet, this bullish momentum was interrupted on Tuesday as institutional investors pulled capital from the market ahead of the Federal Open Market Committee (FOMC) meeting. The pullback resulted in net outflows of $85.64 million.
However, the trend shifted on Wednesday, thanks to the Fed’s decision to hold interest rates. The announcement triggered a sharp rebound in investor confidence, fueling fresh inflows of $142.31 million into BTC ETFs.
On May 7, Ark Invest and 21Shares’ ARKB recorded the largest single-day inflow, totaling $57.73 million, bringing its total cumulative net inflows to $2.68 billion.
The second-largest daily inflow was recorded by Fidelity’s FBTC, which saw $39.92 million enter the fund. FBTC’s total historical net inflows now stand at $11.64 billion.
According to SosoValue, no fund recorded a net outflow on Wednesday.
The renewed optimism extends beyond inflows into ETFs. BTC is up 2% over the past 24 hours, and currently trades at $98,888. This price surge is accompanied by a positive funding rate, indicating an increase in leveraged long positions.
At press time, this is at 0.0042%. The funding rate is a periodic fee exchanged between long and short positions in perpetual futures contracts to keep prices aligned with the spot market. When positive like this, traders holding long positions pay shorts, indicating that bullish sentiment dominates the BTC market.
However, it is key to note that despite this, BTC’s futures open interest has fallen by a modest 0.18% over the past day. This suggests that while traders are largely optimistic, some leveraged positions may have been closed, possibly to take profit as BTC soars.
Meanwhile, traders have also caught the bullish virus in the options market. The demand for call options has surged, exceeding puts, indicating that traders are increasingly positioning for the upside.
These trends suggest a growing conviction that BTC could break higher if macro conditions remain favorable.
The post Fed Pause Sparks Fire Under Bitcoin Funds | ETF News appeared first on BeInCrypto.
The post Worldcoin Price Forecast: Can WLD Price Regain $2 In April? appeared first on Coinpedia Fintech News
Worldcoin (WLD) was one of the best-performing altcoins in the past two weeks, as Bitcoin (BTC) ‘s price rebounded above $93k. The mid-cap altcoin, with a fully diluted valuation of about $11.4 billion and a 24-hour average trading volume of around $323 million, gained more than 63 percent in the last two weeks to trade about $1.14 on Wednesday during the late North American trading session.
The rising demand for altcoins in the past few weeks has seen WLD’s Futures Open Interest surge by more than 2 percent in the last 24 hours to hover around $316 million at the time of this writing.
Since hitting its all-time high of above $10 in March 2024, WLD price has been trapped in a falling trend to date. Moreover, the WLD price, in the weekly timeframe, has formed lower highs and lower lows.
WLD price recently rebounded from the lower border of the falling trend and consequently broke out of a falling logarithmic trendline. The short-term bullish sentiment for WLD is backed by the daily MACD line that recently crossed the zero line for the first time YTD.
Additionally, the daily Relative Strength Index (RSI) surged above the 70 percent level for the first time YTD, thus suggesting that the WLD bulls are in control.
The Worldchain project has grown to more than 12 million unique humans and over 26 million users for the World App. The Worldcoin team has already distributed over 1.5k Orbs across over 169 countries around the world.
Coinbase will add support for Worldcoin (WLD) on the Optimism network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets
(@CoinbaseAssets) April 30, 2025
As a result of the continued growth, the WLD token has attracted significant attention from institutional investors. For instance, Coinbase Global Inc. (NASDAQ: COIN) plans to list WLD coins on the Optimism network in the near future.
The post Worldcoin Price Forecast: Can WLD Price Regain $2 In April? appeared first on Coinpedia Fintech News
Coinbase announced plans to list WLD coins on the Optimism network soon. WLD price has already broken out of a daily falling logarithmic trend amid rising demand for altcoins. Worldcoin (WLD) was one of the best-performing altcoins in the past two weeks, as Bitcoin (BTC) ‘s price rebounded above $93k. The mid-cap altcoin, with a …