Nasdaq has submitted an S-1 form for the 21Shares Dogecoin ETF with the US Securities and Exchange Commission (SEC). This move officially kicks off the approval process, with the Commission having to decide whether or not to approve the fund, which will provide institutional investors access to the top meme coin.
Nasdaq Files To List & Trade 21Shares Dogecoin ETF
A Nasdaq filing has revealed that the exchange has submitted an application to the US SEC to list and trade the 21Shares Dogecoin ETF. This move is significant, as the S-1 filing officially begins the approval process.
The SEC will then move to publish the filing in the Federal Register and ask for public comments on the filing before it decides to approve or deny. It is worth mentioning that asset manager 21Shares had earlier this month filed the 19b-4 form for its DOGE ETF. This move showed the firm’s intention to offer investors exposure to the largest meme coin by market cap.
Besides 21Shares, Grayscale, and Bitwise have also filed to offer a Dogecoin ETF, providing a bullish outlook for the DOGE price, which could surge as institutional investors invest in the meme coin. More asset managers are expected to file for a DOGE ETF as interest in the meme coin picks up.
What’s Next For The Dogecoin Price?
The DOGE price remained unchanged following Nasdaq’s S-1 filing for the 21Shares Dogecoin ETF. However, crypto analyst Trader Tardigrade predicts that a breakout might be on the horizon for the top meme coin.
In an X post, the analyst noted that Dogecoin has been moving within different ranges, experiencing both false breakdowns and breakouts. He added that the meme coin has now returned to its current range. In line with this, he expects DOGE to break out, potentially sending it higher.
Pi Network price has been left in the dust as Bitcoin and other altcoins. It remains below $1, and has crashed by almost 80% from its all-time high. Its daily volume has also fallen to less than $100M, a sign that its demand is waning. Let’s explore why the Pi Coin price will remain capped until two key exchanges list it.
Pi Network Price to Be Stuck Until Key Exchange Listings
Pi Coin has struggled primarily for two main reasons: a lack of tier-1 exchange listings and its token unlocks. Data shows that the network will release 1.6 billion tokens, worth approximately $1.06 billion, over the next 12 months. These releases will ultimately drive the price downwards, especially if there is no demand to purchase.
No other major CEX has listed Pi Network since its mainnet launch. Its only trading is happening in exchanges like Gate, Bitget, OKX, LBank, and MEXC. While these ones are large players in the crypto industry, most of them are not considered tier-1 exchanges.
There are three main exchanges that would likely lead to a Pi Network price surge. Binance is the biggest crypto in the industry, and its listing would expose it to over 200 milion users globally. Most Binance users who participated in a poll before the mainnet launch supported its listing.
Cryptocurrencies usually surge after Binance listing. The most recent example is DeepBook, whose price rocketed after Binance Futures listing.
Upbit is another exchange that would lead to a Pi Coin price surge because of its large market share in South Korea. Just recently, Orca price soared by 170% in a day after it was listed on Upbit.
The other key exchange ideal for Pi Network price surge is Coinbase, which would expose it to US clients. As such, the token will remain capped until it is listed in these three exchanges.
Pi Coin Price Technical Analysis and Prediction
The eight-hour chart reveals that the value of Pihas remained in a narrow range this month. It has been stuck between the support and resistance levels at $0.4015 and $0.7660.
Most importantly, the coin has formed a rising wedge chart pattern. The lower line links the lower lows since April 15, while the upper side connects the highest levels since March 29. This wedge leads to a breakdown when the two lines near their meeting point as is happening today.
Therefore, the most likely Pi Network price forecastis where it crashes and retests this month’s low at $0.4015, down by 40% from the current level.
Pi Network Price
However, there is always a risk for a short squeeze, especially if one of these exchanges lists it. Such a move would trigger a triple-digit surge, possibly to the value of Pi at $3.14.
Ethereum price dips below $1,800 lagging behind Bitcoin to start the week, but Vitalik’s Layer-Zero update renews optimism for ETH’s long-term growth, after recent criticisms from Cardano Founder, Charles Hoskinson.
Ethereum (ETH) Lags as Crypto Market Leans Towards Positive Start to the Week
Ethereum (ETH) has opened the week on a weak footing, sliding 2.9% to $1,783.53 as broader crypto markets flashed mixed signals. Meanwhile Bitcoin (BTC) posted a strong 1% gain to reclaim $95,100.
The current data shwos Ethereum lagged behind, extending a weekend correction that now sees ETH trading near the lower end of its 24-hour range between $1,782.07 and $1,848.73.
Ethereum price action, April 28 | Coingecko
Despite short-term dip, a closer look and mid-term price action shows bullish dominance as U.S. President Trump’s softened stance on tariffs. At the time of publication, CoinGecko data shows ETH’s weekly returns standing at +12.4%, compared to Bitcoin’s +10.6%. However, on the monthly view, ETH’s 6.0% gain trails BTC’s double-digit surge.
This divergence reflects active capital rotation as trader leverage the volatile macro sentiment to execute short-term plays.
Vitalik shares Layer-Zero Update after Charles Hoskinson’s criticism
Hoskinson’s remarks fueled debate across crypto media channels about Ethereum’s long-term viability, as Layer-2 networks like Arbitrum and Optimism increasingly capture user activity and fees.
In an indirect but timely response, Ethereum co-founder Vitalik Buterin shared a major Layer-Zero scalability update on Sunday.
Through his vitalik.eth account, Buterin reposted product launch documentation from LayerZero Labs and Succinct Labs, proposing a shift from the EVM (Ethereum Virtual Machine) to a more efficient zkVM system using RISC-V standards.
According to the reposted research this update would expand Ethereum’s network capabilities by:
Up to 832× fewer cycles than current EVM interpreters
95.7% reduction in proving cycles via precompiles
30× throughput increase with GPU acceleration
346MB → 1.5MB proof compression via recursion
These Layer-Zero vApps (Verifiable Applications) technology aims to combine Web2-level performance with Web3 verifiability, offering a new path to scaling Ethereum without excessive reliance on Layer-2 networks.
How Could Vitalik’s Layer-Zero Update impact Ethereum Price?
If successfully implemented, Vitalik’s Layer-Zero framework could reshape Ethereum’s scalability narrative, potentially alleviating long-term fears about ecosystem fragmentation
A transition to high-efficiency zkVM infrastructure could enhance Ethereum’s competitiveness against newer chains and reduce fees directly on the Layer-1 base.
Ethereum’s Vitalik Buterin issues proposal to replacing the EVM with RISC-V | Source: x.com/pumatheuma
In the short term, however, Ethereum price forecast hangs in the balances as it continues to languish below $1,800 and remains sensitive to short-term risks as Bitcoin’s dominance rises.
Ethereum Price Forecast Today: ETH Eyes $2,875 Target After Falling Wedge Breakout
Ethereum (ETH) currently trades at $1,780 as of Monday April 28, printing a falling wedge pattern after 12% gains last week.
This technical pattern suggests a bullish reversal for ETH price with the a critical target at $2,850, as marked by the red vertical dotted projection on the chart.
Notably, the Parabolic SAR (Stop and Reverse) indicator, plotted as blue dots below the recent candles, reinforces the bullish trend, suggesting that buyers are now in control after months of selling pressure.
Ethereum price forecast today
Supporting this upside scenario, the Fisher Transform indicator shows strong positive momentum, currently reading 2.22, indicating overbought conditions but also underlying strength. While a minor pullback cannot be ruled out, the mid-term momentum still leans heavily in favor of the bulls.
Still, failure to maintain the support cluster around the Parabolic SAR level at $1,569 could invalidate the bullish thesis, likely making the $1,385 low as a potential bearish target.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what experts say about Bitcoin’s (BTC) price amid recovery efforts. The status of Bitcoin as a hedge against inflation and economic uncertainty is progressively becoming questionable, with institutional influence adding to the concerns.
Can Strategy’s $555 Million BTC Purchase Send Bitcoin Past $90,000?
Michael Saylor, the chairman of Strategy (formerly MicroStrategy), revealed the firm’s latest Bitcoin purchase, comprising 6,556 BTC tokens worth approximately $555.8 million. With this, the firm has attained a Bitcoin yield of 12.1% year-to-date (YTD) in 2025.
“MSTR has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, Strategy holds 538,200 BTC acquired for ~$36.47 billion at ~$67,766 per bitcoin,” Saylor shared.
Strategy uses the Bitcoin Yield YTD to measure the BTC holdings per share increase. This model has been a key part of their financial strategy firm since their first Bitcoin purchase in August 2020.
This acquisition aligns with a bullish market sentiment for Bitcoin, which is steadily nearing the $90,000 milestone, as the recent US Crypto News indicated.
Despite a mild recovery in Bitcoin prices this week, up by over 3% in the last 24 hours, it is worth noting that Bitcoin is highly sensitive to economic indicators.
Similarly, the global market is highly sensitive to monetary policies set by major economies, particularly the US. BeInCrypto contacted Paybis founder and CEO Innokenty Isers for insights on the current market outlook, particularly for Bitcoin.
“Given the strong concentration of investors in technology stocks, shifts in trade policies and government interventions that influence key indices like the Nasdaq Composite create ripple effects across financial markets,” Isers told BeInCrypto.
“With its relatively higher volatility, risk-averse investors may favor alternative inflation hedges instead of Bitcoin,” he added.
Iners expressed cognizance of the longer stretch of the trade war and the potential inflation that will emerge. Based on this, he noted that capital allocation to Bitcoin as a hedge against economic instability might be reduced.
Strategy’s Stock Premium Narrows as Bitcoin Hype Cools
Meanwhile, Strategy has seen a significant shift in its stock valuation dynamics over the past year. Saylor recently revealed that as of Q1 2025, over 13,000 institutions and 814,000 retail accounts held MSTR directly.
“An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios,” Saylor added.
According to data on Bitcointreasuries.net, the premium investors once paid for exposure to its Bitcoin holdings has notably narrowed.
Specifically, the NAV multiplier, a measure of how much the stock trades above the value of Strategy’s Bitcoin assets, has decreased compared to last year. This indicates that MSTR is now trading closer to the actual value of its Bitcoin reserves.
In 2024, investors were willing to pay a substantial premium for MSTR shares, driven by Bitcoin’s hype and MicroStrategy’s aggressive accumulation strategy.
“I don’t know if buying strategy equity is a good idea for the government. The stock would just pump, and it’s likely trading at a premium over NAV with a higher risk profile. Also, I believe the gov will find it difficult to find institutions that would be willing to sell their BTC in large quantities,” an analyst said recently.
The shrinking NAV multiplier suggests a more cautious market sentiment. Analysts believe this reflects a shift toward valuing MicroStrategy based on its fundamentals rather than speculative Bitcoin enthusiasm.
This suggests a maturing market approach to the company’s unique investment strategy.
This chart shows how Strategy’s stock price (blue) moves with Bitcoin price (orange). When Bitcoin goes up, MicroStrategy usually follows, but it swings even more.
However, the NAV multiplier has narrowed compared to last year, meaning MicroStrategy’s stock is now trading closer to the actual value of its Bitcoin holdings.
Last year, investors paid a bigger premium for exposure to MSTR, but that gap has shrunk. This suggests a more cautious sentiment or a shift toward valuing the company based on fundamentals rather than just Bitcoin hype.
Accumulation signals from whale activity and consolidation at $0.60 indicate a possible rally for Pi Network, despite concerns about the lack of exchange listings and use cases.
