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The Pi coin price has remained in a bear market this week, hovering near its all-time low as sentiment wanes. This freefall may end this week as the Pi Network token formed encouraging patterns ahead of this week’s hackathon in which developers will demonstrate their creations. Pi Coin Price Ripe For a Rebound as Contrarian
The post Pi Coin Price Pattern Points to a 150% Surge Ahead of the 2025 Hackathon appeared first on CoinGape.
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment.
Grab a green tea and watch this space. Trump administration officials hold more than $193 million in crypto stakes. House crypto bills drive record stock highs. Korea’s Upbit faces a potential $137 billion penalty for 9.57 million violations.
Nearly 70 Trump officials hold cryptocurrency stakes worth millions, according to a report by The Washington Post. President Trump himself holds at least $51 million in digital assets. Vice President Vance commands bitcoin reserves worth up to half a million dollars.
Seven Cabinet members maintain crypto wallets with significant holdings. Health Secretary Kennedy leads with five million in cryptocurrency investments. Justice Department prosecutors have reduced their pursuit of cryptocurrency crimes.
Tech executives like Scott Kupor and David Fogel joined the administration ranks. Ambassadors including Ken Howery and Tilman Fertitta, possess substantial portfolios. PayPal founder Howery holds a minimum of $122 million.
Biden administration officials reported zero cryptocurrency holdings in contrast. Trump’s era marks cryptocurrency achieving unprecedented governmental legitimacy. Digital asset values have doubled recently across markets.
House passes crypto bills sparking massive stock surge. Coinbase climbs 3.15% to $410.75, hitting fresh record highs. Circle Internet Group gains 0.81% reaching three-week peaks.
Robinhood Markets jumps 2.13% above $105 breaking previous records. Galaxy Digital Holdings soars 7.38% as investors celebrate regulatory clarity. PayPal Holdings adds 1.22% benefiting from crypto momentum.
| Ticker | Company | Price | Change |
|---|---|---|---|
| MSTR | Strategy, Inc. | $451.34 | -1% |
| COIN | Coinbase Global, Inc. | $410.75 | 3.15% |
| HOOD | Robinhood Markets, Inc. | $105.45 | 2.13% |
| PYPL | PayPal Holdings, Inc. | $73.86 | 1.22% |
| CRCL | Circle Internet Group, Inc. | $235.08 | 0.81% |
| XYZ | Block, Inc. | $70.73 | 2.46% |
| NTHOL | Net Holding A.S. | $46.92 | 3.12% |
| GLXY | Galaxy Digital Holdings | $35.79 | 7.38% |
| MARA | Marathon Digital Holdings, Inc. | $19.97 | 2.73% |
| MTPLF | Metaplanet | $9.29 | 1.2% |
| RIOT | Riot Platforms, Inc. | $13.33 | 6.05% |
CLARITY Act targets crypto market structure oversight framework. GENIUS Act creates comprehensive stablecoin regulation guidelines nationwide. The Senate already cleared the stablecoin bill last month.
Bitcoin hovers around $119,000, showing minimal daily movement. Ethereum remains stable at $3,480 despite equity optimism. XRP surges 15% approaching its 2018 record high.
Market capitalization exceeds $100 billion for leading exchanges. Digital asset investment firms benefit from legislative progress. Regulatory clarity drives unprecedented stock market performance.
South Korean Lawmaker Min Byung-duk revealed that Upbit could face maximum penalty. South Korea’s largest crypto exchange violated regulations 9.57 million times. Financial Intelligence Unit found ten different violation categories previously.
Know Your Customer violations reached 9.34 million cases alone. Upbit reused old identification images instead of collecting new ones. This basic compliance failure occurred nine million separate times.
Current sanctions include a three-month partial business suspension only. Ten executives and employees received disciplinary actions recently. However, financial penalties have not been imposed yet.
Agricultural Bank received 129.6 million KRW fine for twelve violations. IM Bank paid 4.5 million KRW for single regulatory breach. Upbit’s violations dwarf traditional banking institution cases significantly.
Maximum penalties could reach 183 trillion KRW, equivalent to $137 billion, under current law. This amount exceeds most national government budgets worldwide.
Paul Kim and Shigeki Mori contributed.
The post Trump officials crypto millions, Upbit possible penalties and more | Pacific Sunrise appeared first on BeInCrypto.
The CEX behemoth Binance has recently expanded support for FET & RENDER tokens, capturing noteworthy attention among crypto market participants globally. Via an official announcement on Monday, April 28, the crypto exchange revealed new trading bots services for the abovementioned crypto. This new trade offering paves the road for further investor interaction with these assets. In response, crypto market watchers remain highly optimistic about the coins’ future price actions, as the new offerings could bring more funds inflow to the coins.
Binance’s latest press release revealed that “Spot Grid and Spot DCA” services for the following trading pairs will commence starting April 29 at 08:00 UTC:
The top-ranking crypto exchange further added that this trade offering comes to enhance its platform’s colossal user base experience. However, the announcement also added that these pairs remain subject to trading based on the user’s country or region of residence.
As of now, users residing in the following regions will be unavailable to partake in this offering:
Besides, Binance added that users in the EEA (European Economic Area) should be wary while trading these assets, given the new MiCA stablecoin norms that kicked in recently. Particularly, EEA users remain poised to seamlessly trade in USDC, whereas USDT and other stablecoins remain impacted due to the new norms.
Nevertheless, the new trading bots offering for the abovementioned crypto soon gained popularity amid a broader bullish market. Traders and investors may look to capitalize on such new trade offerings as crypto prices showcase the potential for a rally amid a market pump.
While Bitcoin & Ether prices have rallied nearly 7-9% weekly, FET & RENDER prices also showcased potential for bullish price actions ahead. Although RENDER price saw a slight 1% dip over the week, resting at $4.42, the AI coin also managed to hit a high of $4.73, per CoinMarketCap data.
Conversely, FET price has pumped by a remarkable 23% over the week, resting at $0.7373. Traders and investors continue to thoroughly monitor these crypto, expecting a bullish price shift amid broader trends and Binance’s support.
The post Binance Extends Support For FET & RENDER Hinting At Price Rally Ahead appeared first on CoinGape.
The post Ethereum on the Verge of Crash, $1,000 Calling? appeared first on Coinpedia Fintech News
In the ongoing tariff war between the United States and other countries, the cryptocurrency market has significantly plummeted. Amid this, Ethereum (ETH), the second-largest cryptocurrency, is on the verge of a major crash.
According to CoinMarketCap data, ETH has lost almost 25% of its value in just five trading days and has reached a make-or-break level.
While examining the weekly chart of ETH, it appears that the asset has recently lost its long-held support from the ascending trendline that had been in place since July 2022.
Following the breakdown, the asset has been steadily falling, during which it has lost two key support levels at $2,200 and $1,830, and has now reached another critical support level at $1,530.
According to expert technical analysis, if this downside momentum does not stop, the price could crash hard.
The daily chart reveals that if the ETH price fails to hold this support level and closes a daily candle below $1,450, there is a strong possibility it could drop by another 30% to reach its next support level at $1,000 in the near future.
Following the continuous price decline, ETH is now trading below the Exponential Moving Average (EMA) on the four-hour, daily, and weekly timeframes, indicating a strong bearish trend.
At press time, ETH is trading near $1,550 and has lost nearly 10.50% of its price over the past 24 hours. However, during the same period, the asset’s trading volume jumped by a record 550%, indicating heightened participation from traders and investors compared to the previous days.
This record surge in trading volume includes the liquidation of traders’ short and long positions, recent investor accumulation or sell-offs, and all other ETH-based trading activity.
Despite the massive price crash over the past 24 hours, traders seem optimistic and are strongly betting on the bullish side, according to on-chain analytics firm Coinglass.
Data reveals that traders are currently over-leveraged at the $1,526 support level, having built $201 million worth of long positions. On the other hand, $1,571 is another over-leveraged level, where traders have built $100 million worth of short positions.
While examining these levels and traders’ positions, it appears that the bulls are currently dominating and could potentially liquidate $100 million worth of short positions. However, if the market sentiment continues to remain unchanged, it could also lead to the liquidation of traders’ long positions.
The post Ethereum on the Verge of Crash, $1,000 Calling? appeared first on Coinpedia Fintech News
In the ongoing tariff war between the United States and other countries, the cryptocurrency market has significantly plummeted. Amid this, Ethereum (ETH), the second-largest cryptocurrency, is on the verge of a major crash. According to CoinMarketCap data, ETH has lost almost 25% of its value in just five trading days and has reached a make-or-break …