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The post What Is Going On with Crypto Today? appeared first on Coinpedia Fintech News

The crypto market today is dominated by bears, as the sentiments tremble in view of the Non-Farm Payrolls (NFP) report cautioning about the FED being hawkish. And the worsening liquidations, which have crossed $600 Million. This has had a direct impact on the numbers of the crypto business, the market capitalisation has slipped by 4.09% to $2.71 trillion. Coming to “Fear & Greed Index,” the metric signals an “Extreme Fear” score of 17. However, traders did buy the dip, which helped the volumes to zoom over 94% to $101.31 billion. 

Bitcoin Price Drops to $82k Amid Pressure?

The U.S. government giving a nod to Bitcoin reserve, did little to help BTC stand against the rough winds, as Bitcoin still saw liquidations amounting to $239.92 million. BTC price currently is at $82,506.72, with a change of -4.03% since yesterday. Its market cap went south by 4.03% to $1.63 trillion. 

Check out our in-depth Bitcoin (BTC) Price Prediction 2025, 2026-2030 for potential price targets!

Altcoins Fall as Liquidations Rise?

The altcoin market has not performed any better. Ethereum witnessed $108.01 million in liquidations, while XRP and Solana followed with $30.56 million and $26.46 million, respectively. Ethereum with a price drop of over 5%, is trading at $2066.30, while Solana dipped by more than 7% to $128.28. And XRP trades at $2.19 with a change of -5.61%. 

For more details on XRP’s outlook, visit our Ripple (XRP) Price Prediction 2025, 2026-2030.

Top Gainers & Losers

While the broader market bleeds, a few tokens managed to post gains. Story IP took the limelight with a 9.61% price surge. Ethena followed with a 5.11% rise, while XAUt held steady with a slight uptick of 0.01%.

On the losing end, JASMY, KAS, and Maker led the losses, with JASMY plummeting by 13.66%, KAS down 12.41%, and MKR slipping 11.75%.

FAQs

The post What Is Going On with Crypto Today? appeared first on Coinpedia Fintech News
The crypto market today is dominated by bears, as the sentiments tremble in view of the Non-Farm Payrolls (NFP) report cautioning about the FED being hawkish. And the worsening liquidations, which have crossed $600 Million. This has had a direct impact on the numbers of the crypto business, the market capitalisation has slipped by 4.09% …

Fresh on-chain data suggests Galaxy Digital may be offloading its Ethereum (ETH) holdings on the Binance exchange. Per the data, the company is pitching its tent with Solana (SOL), stacking up nearly $100 million worth of SOL over two weeks.

Galaxy Digital Withdraws 752,240 SOL From Binance

According to an X post by Lookonchain, Galaxy Digital appears to be losing faith in Ethereum following its on-chain activities. On-chain data reveals that the financial services may have sold a large tranche of ETH in exchange for SOL tokens.

The data indicates that over the last 14 days, Galaxy Digital deposited 65,600 ETH valued at $105 million on Binance. Within the same period, Galaxy Digital withdrew 752,240 SOL tokens in a possible ETH-to-SOL swap.

“It seems that Galaxy Digital is selling ETH and buying SOL,” said Lookonchain. “In the past 2 weeks, Galaxy Digital deposited 65,600 ETH ($105.48M) to Binance and withdrew 752,240 SOL ($98.37M) from Binance.”

The on-chain movement has raised eyebrows given the sheer volume and consistency of transactions over a two-week window. The steady SOL purchases follow Galaxy Digital staking $40 million SOL after reaching a settlement agreement with the NYAG over LUNA sales.

This is not the first time the firm is selling Ethereum, with the company ditching ETH to stack Bitcoin in late 2024. Ethereum price reacted negatively to the reports, shedding 4%  and dousing optimism for an ETH rally to $3K.

Ethereum Faces A Torrid Patch As Solana Surges Forward

Galaxy Digital’s on-chain activity comes amid a rough patch for Ethereum in recent weeks. The largest altcoin is trading under $2,000 after an underwhelming Q1, forcing the hand of investors to sell their ETH holdings.

While Galaxy Digital is selling off its ETH, Tron founder Justin Sun is hodling his ETH holdings. Trump-backed WLFI has denied selling its ETH after a wallet linked to the project offloaded over $8 million worth of ETH tokens.

On the flipside, Solana is basking in a red-hot streak of positive on-chain metrics. Over the last 30 days, Solana had the highest number of active wallet addresses by a distance, while transaction volume outclassed its peers.

The combination of rising network activity around Solana is fueling speculation for SOL rise to $2,000. At the moment, SOL is trading at $138.2, slipping by 1.42%, but enthusiasm among traders is at an all-time high.

The post Is Galaxy Digital Selling Ethereum And Buying Solana On Binance? appeared first on CoinGape.

The post $150B BlackRock Fund Adds Digital Share Class Using Blockchain Tech appeared first on Coinpedia Fintech News

BlackRock, the leading asset manager, has filed with the SEC to launch a blockchain-based digital share class, called DLT Shares, for its $150 billion Treasury Trust Fund. 

Bloomberg ETF analyst Henry Jim revealed that DLT Shares will be exclusively sold through BNY Mellon, which plans to use blockchain technology to track ownership. The offering targets institutional investors, with a minimum investment of $3 million.

The Treasury Trust Fund aims to keep a significant portion of its assets in highly liquid investments, such as cash and short-term government securities, to maintain a stable $1 per share value. This system may be a test or early step toward using blockchain for digital currencies or cash transactions in the future.

The fund avoids illiquid securities and will not invest in hard-to-sell assets if that would make up more than 5% of its total value. This helps keep the fund easy to cash out for investors. As of April 29, 2025, BlackRock’s Treasury Trust Fund, part of the BlackRock Liquidity Funds, held around $150.1 billion in assets.

Larry Fink Says Tokenization Could Reshape Finance

BlackRock’s recent move matches CEO Larry Fink’s recent remarks on how tokenization could change investing. In a recent letter to investors, Fink explained that tokenization could speed up transactions, remove delays, and quickly reinvest money back into the economy to help it grow. 

Fink also said that the main challenge with tokenized assets is the lack of proper identity checks. Once that is fixed, he thinks that the tokenised funds could become as familiar as ETFs. Other big companies like JP Morgan, State Street, and Franklin Templeton are also exploring blockchain for tokenized funds.

The post $150B BlackRock Fund Adds Digital Share Class Using Blockchain Tech appeared first on Coinpedia Fintech News
BlackRock, the leading asset manager, has filed with the SEC to launch a blockchain-based digital share class, called DLT Shares, for its $150 billion Treasury Trust Fund.  Bloomberg ETF analyst Henry Jim revealed that DLT Shares will be exclusively sold through BNY Mellon, which plans to use blockchain technology to track ownership. The offering targets …