dYdX Trading Inc. (“dYdX”) today announced the strategic acquisition of key business teams from the dYdX Foundation, including Marketing, Business Development, and Solutions. This move marks a significant milestone in aligning go-to-market efforts more closely with product and engineering.
The acquisition is designed to create tighter integration between growth and product functions, enabling dYdX to run more effective, data-driven GTM campaigns for major feature and product launches. By embedding marketing and business development directly alongside engineering, dYdX aims to shorten feedback loops, increase launch velocity, and deepen ecosystem engagement across global markets.
This shift comes at a pivotal moment, as dYdX is actively developing several transformative product upgrades, including Spot Trading, Multi-Asset Margining, and EVM Support. These launches represent critical steps in expanding the platform’s utility and accessibility, making deep coordination across teams more important than ever.
“Product-led growth demands close integration between product and growth teams. This acquisition enables dYdX protocol to build, launch, and scale more effectively as we pursue our most ambitious roadmap to date,” said dYdX Founder Antonio Juliano.
The transition will ensure continued support for partners, traders, and ecosystem contributors while unlocking new synergies between product innovation and market adoption.
According to VanEck’s April 2025 Digital Assets Monthly recap, Bitcoin (BTC) outperformed equities during a turbulent month, offering a glimpse of its potential as a macro hedge.
Yet, the asset’s quick return to correlated behavior suggests Bitcoin is not yet ready to stand fully apart from risk markets.
Bitcoin Outperforms Stocks During April Market Selloff
Bitcoin briefly broke free from traditional markets like stocks and equities. However, its newfound independence may have been short-lived.
“Bitcoin showed signs of decoupling from equities during the week ending April 6,” VanEck Head of Digital Assets Research Matthew Sigel wrote.
This period coincided with US President Donald Trump’s announcement of sweeping tariff measures, which triggered a global market selloff. While the S&P 500 and gold slumped, Bitcoin rose from $81,500 to over $84,500, signaling a possible shift in investor perception.
Still, the momentum did not last. As the month progressed, Bitcoin’s price action re-synced with equities. VanEck, using data from Artemis XYZ, noted that the 30-day BTC-S&P 500 correlation fell below 0.25 in early April but bounced back to 0.55 by month’s end.
“Bitcoin has not meaningfully decoupled,” the report emphasized.
Bitcoin and Ethereum correlation with the S&P 500. Source: VanEck research
Bitcoin gained 13% for the month, outshining the NASDAQ’s 1% loss and the S&P 500’s flat performance. Perhaps more intriguingly, Bitcoin’s volatility dropped by 4%, even as equity volatility doubled amid rising geopolitical tensions and trade uncertainty.
Yet while the short-term picture remains muddled, VanEck sees early signs of a structural shift. The report highlights a growing sovereign and institutional interest in Bitcoin as a store-of-value asset with long-term macro hedging potential.
“Structural tailwinds are forming. Bitcoin continues to find support as a sovereign, uncorrelated asset,” wrote Sigel.
The bank argued that Bitcoin’s resilience amid monetary stress reflects its growing role as portfolio ballast against the fragility of fiat-denominated debt markets.
“I think Bitcoin is a hedge against both TradFi and US Treasury risks. The threat to remove US Federal Reserve Chair Jerome Powell falls into Treasury risk—so the hedge is on,” Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, told BeInCrypto.
However, this resilience did not extend to the broader crypto market. According to VanEck, altcoins stumbled as meme coins, speculative DeFi AI tokens, and Layer-1 networks like Ethereum and Sui fell sharply.
The MarketVector Smart Contract Leaders Index dropped 5% in April and is down 34% year-to-date. Solana stood out as a rare winner, gaining 16% thanks to network upgrades and increasing institutional treasury interest.
Sui posted a 45% jump in daily DEX volume and entered the top 10 in smart contract platform revenue. By contrast, Ethereum lagged, declining 3% as its fee revenue share shrank to just 14%, down from 74% two years ago.
The broader trend in altcoins was bearish, and speculative energy continued to fade. Trading volumes in meme coins dropped by 93% between January and March, with the MarketVector Meme Coin Index down 48% year-to-date.
Even so, regarding price and volatility metrics, Bitcoin’s relative strength in April could hint at where the asset is headed. VanEck’s report concludes that while Bitcoin has not yet fully broken from risk asset behavior, the groundwork for long-term decoupling is quietly being laid.
Shiba Inu (SHIB) is showing early signs of recovery, gaining ground from recent lows as its RSI rebounds and key support levels hold. Despite these positive signals, SHIB failed to break above the RSI 51 mark and continues to face pressure from bearish EMA alignments.
At the same time, whale activity has been steadily declining, suggesting reduced confidence from large holders and raising questions about long-term support. With price action stuck between major support and resistance zones, SHIB’s next move will likely depend on whether momentum strengthens—or fades once again.
Shiba Inu Momentum Improves, But RSI Rejection Signals Caution
Shiba Inu has seen a shift in momentum, with its Relative Strength Index (RSI) rising to 47 from 30.18 just three days ago, signaling a recovery from near-oversold conditions.
However, it’s worth noting that SHIB failed to break above the 51 RSI mark yesterday, suggesting that bullish momentum remains fragile for now.
While the recent bounce reflects easing selling pressure, the inability to push into clearly bullish territory indicates ongoing hesitation among buyers.
The RSI, or Relative Strength Index, is a momentum oscillator that gauges the speed and magnitude of price changes, helping identify overbought or oversold conditions.
Readings below 30 point to oversold levels, while values above 70 suggest overbought territory. With SHIB’s RSI now sitting at 47, the asset remains in a neutral zone—neither overextended nor deeply discounted.
This mid-range positioning leaves room for either a breakout or a reversal, depending on how price action develops around current resistance and support levels.
Decline in SHIB Whales Signals Potential Weakness Ahead
The number of Shiba Inu whales—wallets holding at least 1 billion tokens—has been gradually declining since June 11, falling from 10,259 to 10,231.
While the drop may seem modest, it reflects a slow but steady reduction in large holder participation, which could signal weakening confidence among major players.
A consistent downtrend in whale activity often correlates with diminished support during volatile phases, making SHIB more vulnerable to price swings.
Addresses holding at least 1 billion SHIB. Source: Santiment.
Tracking whale behavior is critical because large holders can influence price movements through sudden buys or sells. A rising whale count often suggests accumulation and long-term confidence, while a declining number may imply distribution or exit.
With SHIB whale wallets shrinking, it could indicate that major investors are either taking profits or hedging against further downside.
If this trend continues, it may add pressure on SHIB’s price, especially if retail interest fails to offset the whale outflows.
SHIB Holds Key Support, But Bearish EMAs Keep Bulls in Check
Shiba Inu price recently tested and held the key support level at $0.0000119, offering a temporary floor despite broader bearish signals.
The token’s Exponential Moving Averages (EMAs) remain in a bearish alignment, with short-term EMAs positioned below long-term ones—indicating ongoing downward pressure.
If this support is retested and fails to hold, SHIB could slide toward the next critical level at $0.0000114, potentially opening the door for further downside.
A breakout above this level may trigger a rally toward $0.0000136, and if buying pressure continues, even a push to $0.0000146 is possible.
For now, SHIB is trapped between crucial support and resistance zones, and a clear break in either direction will likely define its short-term trajectory.
