The crypto Merger & Acquisition (M&A) activity in the digital currency ecosystem is taking new shape, with USDC issuer Circle still in acquisition talks. According to a new report from Fortune, despite its planned Initial Public Offering (IPO) push, the company is still in acquisition talks with Ripple Labs and Coinbase Global Inc. Circle Still for Sale, Coinbase Named Favorite Circle Filed for IPO in early April, marking a major milestone for the company that has been exploring avenues to go public since at least 2022. Despite its personal growth push, the company remain a target for other bigger firms in the crypto ecosystem. The Fortune report pegs the Circle IPO target at $5 billion. According to the publication, citing sources tied to the matter, there are informal negotiations ongoing between the USDC parent company and Ripple Labs. While the association to the blockchain payments firm is not new, Fortune’s… Read More at Coingape.com
Ethereum Foundation sent 1,000 ETH to the Kraken exchange on April 22, likely to sell. This could lead to a potential drop in price. In the past, EF has been criticised for selling ETH, adding overhead selling pressure to the lackluster price performance. The recent transfer of 1000 ETH worth $1.58 million to an exchange could lead to a dip in ETH price.
A wallet linked to the Ethereum Foundation deposited 1,000 $ETH($1.58M) to #Kraken an hour ago.
CryptoRank’s research shows Ethereum Foundation sold “a total of 4,466 ETH for $12.61M at an average price of $2,823″ in 2024. This move often preceded sharp declines in ETH’s value.
ETH Price vs. Ethereum Foundation
A study from CoinGecko states that “EF’s sales can trigger immediate price reactions,” however, “broader market forces” tend to offset this volatility in the long-term trajectory of Ethereum price.
Ethereum Price Today: Why is ETH Up 0.25% Today and Trades at $1,582?
As of April 22, Ethereum price is up 0.25% after recovering from a 2.76% retracement from its open price. ETH price today trades at $1,582, and the ongoing recovery could come undone if Bitcoin (BTC) drops. Concerns of a leverage-driven pump on BTC and Ethereum Foundation selling ETH could cause the second-largest cryptocurrency to drop.
Ethereum Price Today: ETH Up 0.25% Today and Trades at $1,582
Ethereum Technical Analysis: What’s Next for ETH Price?
Overall, the daily chart shows a string of lower highs and lower lows for Ethereum price, signaling a downtrend. Despite this downtrend, there might be volatile move that could undo the downtrend due to sideways movement of Ethereum for the 10th consecutive day.
This range tightening indicates compressed volatility, a breakout from which could catlayze a massive move. With $1,504 acting as a key support level, the chances of a sustained move to the upside is high. However, the Ethereum price prediction needs to remain neutral due to the uncertain macro and geopolitical conditions.
ETH/USDT 1-day chart
Ethereum Foundations sale could result in a steep correction that revisits $1,504 support level. But a breakdown of this key support could result in a correction to $1,200 or lower. This bearish outlook will be in full swing if Bitcoin price undoes rally to $88K, which many consider to be leverage-driven pump.
The Pi Foundation today announced the launch of Pi Network Ventures, a $100 million development initiative aimed at investing in startups and businesses that drive Pi adoption and utility.
The fund will be split between Pi tokens and US dollars, sourced from 10% of the PI supply allocated for foundation reserves.
Pi Network’s $100 Million Venture to Improve Utility
The initiative comes shortly after Pi Network’s Open Network launch, which enabled external connectivity. Pi Network Ventures will support early-stage to Series B companies that integrate Pi into products, services, or business processes. Investments will focus on sectors beyond crypto, including AI, fintech, ecommerce, embedded payments, and consumer applications.
Unlike typical blockchain venture funds, Pi Network Ventures plans to operate with Silicon Valley-style sourcing, selection, and vetting processes. Most investments will be made directly in Pi tokens rather than fiat, aligning incentives with Pi’s ecosystem growth.
The Pi Foundation emphasized that the fund’s goal is to accelerate real-world use cases of Pi and strengthen network effects among its tens of millions of KYC-verified users. The $100M is not guaranteed to be fully deployed and will be invested over time depending on the quality and number of applicants.
This marks a major development step as Pi seeks broader real-world integration and decentralized utility expansion.
In a significant development for the cryptocurrency landscape, South Korea’s largest crypto exchange, Bithumb, is reportedly exploring the possibility of…
