Crypto markets started the week with a bullish tone on Monday, with Bitcoin trading above $94,000. Bitcoin is increasingly gaining recognition as a safe asset, similar to gold or the US dollar. NYDIG Research pointed out that Bitcoin is shifting from a speculative investment to a reliable store of value, especially after the introduction of US trade tariffs.
XRP Leads Major Altcoin Gains
Coming to altcoins, XRP led the major gains, rising almost 8%, driven by the approval of a ProShares ETF, which will see three futures-tracked products go live on April 30. Cardano’s ADA gained more than 3%, while BNB Chain’s BNB added just 1%. Ether remained neutral. Solana was also up over 1%, while SUI made gains of over 4% in the past day.
When Will Altcoins Rally? Analysts Share Predictions
Arthur Hayes, in a recent blog post, shared that he expects altcoins to start gaining momentum once Bitcoin breaks its previous all-time high of $110,000; it could surge further, potentially nearing $200,000. However, he warned that not all altcoins will perform well during the potential altcoin season.
Analyst Moustache believes that the biggest part of the altcoin rally is yet to come. He thinks the worst is now over and expects many green candles going forward. Crypto Rover highlighted that altcoins are breaking out of a 140-day downtrend. He noted that this could signal the start of a massive utility season ahead.
Analyst Wimar.X predicts that the biggest altcoin season in history is about to begin, with altcoins forming a triple-bottom pattern, hinting at a potential parabolic rally. He expects that the total altcoin market cap could reach $15 trillion during this cycle, although such predictions come with significant risks due to the volatile nature of crypto markets.
Bitcoin is currently the dominant force in the market, holding 63.4% of the total market share. Altcoins are struggling, with their overall market strength at just 18 according to CoinMarketCap’s Altcoin Index. This suggests that Bitcoin is leading the market, and an altcoin rally may still be far away.
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Kaanch Network is emerging as one of the most talked-about blockchain projects ahead of its presale. The growing anticipation has led to a surge in interest from buyers looking for early opportunities.
Industry experts agree that the project demonstrates great promise because it applies blockchain technology in a new, innovative way. The upcoming event demonstrates that investors want blockchain projects that serve practical applications with advanced technological solutions.
Rising Participant Interest in Kaanch Network
The cryptocurrency market has witnessed several presale booms, but Kaanch Network appears to stand out. The analysts project that the infrastructure from this project will resolve some primary blockchain scalability and security problems.
Reports suggest that early adopters strategically positioned themselves to benefit from its initial offering. The platform shares similar characteristics with projects that became highly successful before their formal public release.
Institutional and retail buyers show interest in the network because of its unique features. Its roadmap emphasizes decentralized applications and interoperability features because these aspects represent essential adoption drivers in the market.
The Kaanch Network exists in its fourth presale stage, where tokens sell for $0.08 each. The upcoming phase of the product will offer a price increase to $0.16 because the market demonstrates robust demand alongside a growing upward trend.
Potential Impact and Market Outlook
Kaanch Network’s presale has also sparked discussions on various online forums and social media platforms. Multiple buyers want to know which features of its infrastructure make it stand apart from already-established blockchain solutions.
Despite high-risk characteristics inherent to the presale phase of Kaanch Network, the positive market response shows faith in its enduring roadmap. Industry experts usually predict positive post-launch performance for technological projects having robust fundamental advantages.
Experts monitoring the space indicate early interest could translate into higher liquidity and adoption. The positive community response suggests that people believe Kaanch Network will successfully achieve as promised.
When considering its Layer 1 function, Kaanch Network finds comparisons with established platforms such as Ethereum and Solana. The network seeks to deliver upgraded scalability, efficiency, and interoperability characteristics that position it as an attractive solution in this sector.
The continuous development of blockchain technology makes projects such as the Kaanch Network gain significance because they resolve enduring problems. Presale market excitement demonstrates how prepared the market is to accept solutions that can create lasting impact.
The coming months will determine whether the momentum sustains beyond the initial phase. Buyers are closely monitoring developments as the project moves towards its official launch.
For more information about Kaanch Network visit the links below:
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Kaanch Network is emerging as one of the most talked-about blockchain projects ahead of its presale. The growing anticipation has led to a surge in interest from buyers looking for early opportunities. Industry experts agree that the project demonstrates great promise because it applies blockchain technology in a new, innovative way. The upcoming event demonstrates …
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee as we discuss the growing influence of stablecoin issuers in the US Treasury market. With growing institutional adoption and regulatory legitimization of US dollar-pegged stablecoins, experts warn of artificial inflation of demand for the dollar.
Crypto News of the Day: Using Government Debt Instruments To Back Digital Dollars is Risky, Keiser Warns
The influence of stablecoin issuers in the US is growing, so much that Tether, which already issues the USDT stablecoin, plans to launch a US-only stablecoin by 2025. Tether aims to position stablecoins as strategic financial tools under the Trump administration.
Stablecoin supply by issuer in billions of US dollars. Source: Bain & Company
This chart shows Tether’s dominance in the stablecoin market, with overall supply going from $2 billion to more than $200 billion in recent years.
Meanwhile, the US Treasury projects stablecoins could reach a $2 trillion market by 2028, which could attract more players.
Nevertheless, as stablecoin influence in the Treasury market grows, the House Financial Services Committee is concerned.
Perhaps, however, the greater concern is stablecoin issuers’ using Treasury yields to buy Bitcoin. According to experts, this could undermine US government reserves.
A recent US Crypto News publication indicated reports of stablecoin issuers using Treasury yields to buy Bitcoin. Some say this could undermine initiatives like the proposed US Strategic Bitcoin Reserve, which aims to bolster national holdings of the pioneer crypto.
Growing Influence of Stablecoin Issuers in US Treasuries Market is Concerning, Max Keiser Says
Among them is Bitcoin pioneer Max Keiser, who voiced concerns over the growing influence of stablecoin issuers in the US Treasury market. Keiser warns that their use of government debt instruments to back digital dollars may have broader implications for the global financial system.
As of Q1 2025, Tether reported holding nearly $120 billion in short-term US Treasury securities and reverse repos. This makes it one of the largest non-sovereign holders of American government debt.
Meanwhile, Circle, issuer of USDC, disclosed more than $22 billion in Treasury bills in a February 2025 attestation.
These holdings collateralize dollar-pegged stablecoins, helping issuers maintain liquidity and trust. The issuers benefit from the interest income generated by the bonds.
While this practice is common and legal, Keiser contends it contributes to deeper systemic issues tied to fiat currency dynamics.
“This is exactly why the stablecoin issuers are buying Bitcoin, this is called a speculative attack on the US dollar. Feeding the debt spiral with fiat stablecoins, buying treasury bills, and then investing the interest into Bitcoin, allowing the stablecoin issuers to buy billions in Bitcoin for free,” Keiser told BeInCrypto.
Stablecoin issuers purchase US debt on secondary markets and earn interest, which they may or may not deploy into digital assets like Bitcoin. Keiser is critical of the broader financial architecture underpinning stablecoins.
“Issuing new stablecoins backed by US T-bills printed out of thin air is not a monetary system, but a financial hologram,” he said.
US Treasury bills are debt instruments issued by the federal government and sold to investors, including private companies like Tether and Circle, through regulated markets. These stablecoin issuers tokenize existing fiat currency held in reserve.
Keiser elaborated on what he sees as the long-term consequences of this model.
“It’s a speculative attack by private banks. It is financial repression, pushing rates down as ‘malinvestments’ increase. It is rinse and repeat,” he explained.
His critique also extends to the broader outlook for the US dollar, which, according to the Bitcoin pioneer, “is a quick, deadly fix; a USD hospice. Cue the final death throes of the US dollar.”
BeInCrypto has contacted Circle and Tether for comment and will update this article if they respond.
Max Keiser Proposes AI To Invent Novel Security Structures
Keiser also highlighted what he views as an emerging trend. He said high-profile investors and technologists use artificial intelligence (AI) and novel corporate strategies to increase Bitcoin exposure.
The Bitcoin maxi referenced Strategy Executive Chair Michael Saylor and investor-turned-politician Vivek Ramaswamy.
“Financial engineers like Michael Saylor and Vivek Ramaswamy are using AI to invent novel security structures to maximize the Bitcoin Treasury model. Vivek Ramaswamy plans to take his company, Strive Asset Management, public by merging with Asset Entities and starting to accumulate Bitcoin using the model that Saylor’s Strategy has already successfully adopted — using proceeds from stock and debt issuance,” Keiser remarked.
Though no confirmed public filings detailing Ramaswamy’s use of AI in this context, Keiser sees these developments as significant.
“The results are redefining finance globally and adding significantly to the Bitcoin demand. OG’s like myself, who have watched Bitcoin outperform everything for 15 years, are seeing, for the first time, investment strategies that are outperforming Bitcoin, and the implications are profound,” he said
Keiser believes such strategies could push Bitcoin’s market value even higher. He also implied that the extraordinary compounding rates of the past could be extended. This sentiment comes as Bitcoin captures more of the total addressable market and scales even higher price points.
The views expressed are those of Max Keiser and do not necessarily reflect the opinions of BeInCrypto.
Chart of the Day
International holdings of US Treasuries in billions of dollars. Source: Bain & Company
This chart shows that stablecoins have become a large holder in US treasuries.
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
BlackRock has updated its S-1 registration statement for the iShares Bitcoin Trust (IBIT), introducing new language that outlines the potential risks posed by quantum computing.
This revision, filed on May 9, reflects growing industry awareness of how advanced computing technologies could impact cryptographic systems used in digital assets.
BlackRock Flags Theoretical Quantum Risks to Bitcoin Security
Should quantum technology evolve far beyond its current state, it could render the cryptographic algorithms used by Bitcoin obsolete.
This could allow malicious actors to exploit vulnerabilities, including gaining unauthorized access to wallets that store Bitcoin for the trust or its investors.
While quantum computing is still developing, BlackRock emphasized that the technology’s full capabilities remain uncertain.
However, the firm considers it important to disclose any theoretical threats that could affect the performance or security of its crypto investment products.
Bloomberg ETF analyst James Seyffart said the update is a key factor that is standard in ETF filings. He explained that issuers routinely list all potential threats, no matter how remote.
“To be clear. These are just basic risk disclosures. They are going to highlight any potential thing that can go wrong with any product they list or underlying asset thats being invested in. It’s completely standard. And honestly makes complete sense,” Seyffart added.
Notably, BlackRock’s filing also covers concerns about regulatory actions, energy consumption, mining concentration in China, network forks, and prior market events like the collapse of FTX.
Despite these warnings, IBIT remains the largest spot Bitcoin ETF on the market. It has recorded 19 consecutive days of inflows, attracting more than $5.1 billion during the reporting period.
In a separate filing, Seyffart revealed that BlackRock also amended its S-1 application for its spot Ethereum ETF.
The new version includes plans to support in-kind creation and redemption—a model allowing investors to swap ETF shares directly for Ethereum, instead of using cash.
This structure could lower transaction costs and reduce market friction. It also avoids converting crypto into fiat currency, which is currently required under the cash-based model. The approach may help issuers minimize price slippage and save on trading fees.
The SEC has yet to approve in-kind redemption models for crypto ETFs, but analysts expect progress this year.
“Eric Balchunas & I expect SEC approval for in-kind at some point this year…Notably, the first application for any of the Ethereum ETFs to allow In-kind create/redeem has a final deadline around ~10/11/25,” Seyffart noted.
