American financial technology company Visa has launched stablecoin payments in the Latin American (LATAM) region. The firm launched the product in partnership with Bridge, a Stripe company, as it looks to broaden access to stablecoin payments in multiple countries. Under the partnership, the company said Bridge Fintech developers can offer stable assets with a single API integration.
The Visa Stablecoin Offering
In its announcement to shareholders, Visa said customers can access the offering at local shops where its services are available. With a network of over 150 million merchants, the fintech giant reiterates its commitment to advancing payments initiatives.
The alliance with Bridge will also permit the issuance of new card programs in Colombia, Ecuador, and Mexico. Despite its bold step in this region, the company plans to expand into other markets in the coming months.
This update comes as rival Mastercard launched a solution for stable token transactions earlier this week. The move confirms the high stakes fintech firms are placing on stablecoins amid changing regulatory trends around the world.
US-based Bitcoin exchange-traded funds (ETFs) experienced their largest single-day net inflow in nearly two months. As per the data, this is the highest daily inflow since January 30, when the funds attracted $588.1 million shortly after Bitcoin price reached its all-time high.
ARK and Fidelity funds show strong Bitcoin ETF performance
The strong inflow on April 21 saw $381.3 million entering the funds. It was widely distributed across multiple ETF providers, with ARK 21Shares Bitcoin ETF (ARKB) capturing the largest share at $116.1 million. Fidelity Wise Origin Bitcoin Fund (FBTC) followed with the second-highest inflow at $87.6 million. The data comes as Bitcoin price has reclaimed the $88,000 level.
Grayscale, which had previously experienced substantial outflows after converting its Bitcoin trust to an ETF, showed signs of stabilization with its Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC) recording combined inflows of $69.1 million.
BlackRock’s iShares Bitcoin Trust ETF (IBIT), which maintains the largest assets under management among the Bitcoin ETFs, attracted $41.6 million, approximately half of what it had received before the weekend trading break on April 17. Other funds including HODL and EZBC also contributed to the day’s positive performance with inflows of $11.7 million and $10.1 million respectively. The positive ETF inflow comes amidst the expectation of the first ever XRP ETF going live.
United States experience continued crypto outflow
While US Bitcoin ETFs saw strong performance on April 21, overall digital asset investment data for the week shows notable geographic variations in investor behavior. According to CoinShares’ weekly report, the overall digital asset investment sector showed modest total inflows of $6 million for the week.
The United States continued to experience net outflows totaling $71 million for the week despite the strong single-day performance on April 21. This suggests that the substantial inflow day was an exception to the generally cautious US investor stance.
Funds Flow by country: CoinShares
In contrast, European markets displayed more positive sentiment toward digital asset investments. Switzerland led with inflows of $43.7 million, followed by Germany with $22.3 million. Canada also contributed positively with $9.4 million in net inflows during the same period.
The CoinShares report highlighted that broader market sentiment fluctuated throughout the week, with stronger-than-expected US retail sales figures that caused significant outflows of $146 million mid-week.
Bitcoin products specifically ended the week with minor outflows of $6 million despite the substantial daily inflow seen in the ETF data. Additionally, short Bitcoin investment products recorded outflows of $1.2 million which was their seventh consecutive week of outflows. These products have now seen investors withdraw approximately 40% of their total assets under management over this period.
A suspicious post from John Deaton’s X account has raised concerns of a possible hack. This prompted Ripple Labs’ Chief Technology Officer to issue a public warning, advising followers to refrain from engaging with the account. He placed the embargo until John Deaton could confirm that the account was compromised.
Suspected Post from John Deaton
In a recent development, well-respected crypto lawyer John Deaton, taking to the X platform shared a message promoting Arch Public, a cryptocurrency-related platform.
As detailed, the post also tagged notable names like crypto exchange Gemini, making it appear like an endorsement. However, long-time followers of Deaton found it strange.
As his previous social media post shows, John Deaton is widely known for defending XRP holders and supporting regulatory clarity in crypto. He recently advocated for releasing Hinman documents in a crypto case for more clarity
His usual posts focus on legal battles, industry policy, and crypto rights. However, the Arch Public post stood out. Some market participants mentioned that it lacked any background, explanation, or context that normally comes with his advocacy updates.
The Ripple CTO Flag and Community Reaction
It is worth noting that the gap in tone and content is what made Ripple CTO David Schwartz step in. Commenting on the post, he warned John Deaton’s followers and the community not to trust the message until Deaton confirmed it was real.
According to the CTO, the post looked wrong in many ways, and he urged the lawyer’s 354,000 followers to remain cautious.
His concern sparked reactions from other users. Many began questioning whether Deaton’s account had been taken over, especially with the unusually long silence. Others shared screenshots of the post, highlighting the red flags in its writing.
Meanwhile, in his recent X post, Deaton appreciated the community’s concern but pointed out some misinformation. He promised to go live on X at 3 PM EST on April 16, 2025, to address any questions.
Crypto Hacks Soar in the Industry
This incident comes amid a wave of recent hacks in the crypto space. According to reports earlier this week, KiloEx, a decentralized exchange, lost $7.5 million.
According to the update, hackers exploited weaknesses in the platform’s pricing mechanism. This hack ultimately led to a sharp drop of nearly 32% in the value of its native token, KILO.
The attack targeted BNB Smart Chain, Base, and Taiko, three core blockchains supporting KiloEx’s multi-chain operations.
As reported by CoinGape, on April 15, zkSync suffered a breach as well. Hackers got into an airdrop admin account and minted 111 million ZK tokens, which caused the price of the token to drop by 12%.
Pi Network (PI) is back in the spotlight after an 11% price surge triggered by the withdrawal of over 86 million tokens from OKX, sparking speculation of a coordinated supply squeeze. The move has intensified bullish sentiment, especially as technical indicators begin to align with the price action.
Momentum indicators like the DMI and EMA suggest growing strength, and a potential golden cross formation hints at the possibility of a continued breakout. However, not all signals are fully confirmed—volume-based metrics like the CMF show lingering indecision, making the next few days critical for confirming PI’s direction.
Technical Indicators Support PI Rally Amid Supply Shock Speculation
The sudden exodus of tokens sparked speculation of a coordinated supply squeeze, with some investors interpreting the move as a strategic effort by large holders to limit circulating supply and potentially drive the price higher.
Community voices on X described the event as a “power move,” pointing to growing confidence in the asset’s future trajectory.
While this triggered bullish momentum and boosted PI to the top of CoinGecko’s trending list, questions still linger regarding its long-term fundamentals, particularly its mainnet rollout, exchange listings, and broader use-case development.
From a technical perspective, PI’s Directional Movement Index (DMI) shows signs of growing strength. The ADX—a metric that measures the strength of a trend—has climbed from 12.46 to 16.6 in the past day, signaling that momentum is building. Typically, ADX values above 20 indicate a developing trend, with readings above 25 considered strong.
Meanwhile, the +DI line, which tracks bullish pressure, sits at 25.98—up from 20.14 yesterday, though slightly down from its peak earlier today at 29.15. The -DI, representing bearish pressure, has dropped significantly to 14.45 from 20.84 yesterday.
This divergence suggests that bulls are gaining control and sellers are stepping back, supporting the narrative that Pi Network may be entering a more decisive upward trend if this momentum continues.
PI CMF Drops After Brief Spike, Signaling Fading Buying Pressure
Despite the recent surge, PI CMF is now at -0.03.
Chaikin Money Flow (CMF), a volume-based oscillator that measures buying and selling pressure over a given period. CMF values range from -1 to +1, with readings above 0 suggesting accumulation (buying pressure) and below 0 indicating distribution (selling pressure).
Currently, PI’s CMF stands at -0.03—a notable improvement from -0.17 two days ago but a pullback from yesterday’s +0.09.
This shift shows that while the overall selling pressure has eased significantly, the recent dip back below the zero line suggests that buyers haven’t fully taken control. A CMF hovering around the neutral zone could imply indecision in the market or a pause after the recent rally.
For bulls to regain full momentum, the CMF would ideally need to push back into positive territory and hold, confirming sustained capital inflows and supporting the case for continued upside.
Golden Cross Setup Builds for PI, But Key Resistance Still in Play
Pi Network’s EMA lines are starting to align in a bullish setup, with a potential golden cross formation on the horizon. A golden cross occurs when a short-term EMA crosses above a long-term EMA, signaling the possibility of a sustained uptrend.
If this pattern confirms, PI price could gain enough momentum to challenge the resistance at $0.96.
A breakout above that level may open the door for further gains toward $1.30, and with strong follow-through, the price could even reach $1.67—levels not seen in recent trading activity.
However, the bullish scenario is not guaranteed. If the current uptrend loses steam and buying pressure weakens, Pi Network could retrace to test support at $0.66.
A breakdown below that level would likely shift sentiment more bearish, exposing the token to further downside toward $0.57.
While technical signals lean optimistic for now, traders will be closely watching whether the golden cross materializes and if resistance levels can be cleared convincingly.
