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Cryptocurrency prices have tumbled in jarring fashion over the last 24 hours, with BTC, ETH, SOL, and ADA recording steep losses. As traders try to make sense of the crypto market crash, the immediate cause is heightened US-Iran tensions and the grim prospects of an Iranian retaliation on US soil. Crypto Market Sheds $1.1 Billion
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The post Ethereum (ETH) Price Prediction: Can Rising Demand from BlackRock Fuel Bullish Momentum? appeared first on Coinpedia Fintech News
Ethereum (ETH) price experienced a similar volatility to Bitcoin (BTC) in the past 24 hours, following the feud between Elon Musk and U.S. President Donald Trump. The large-cap altcoin, with a fully diluted valuation of about $300 billion and a 24-hour average trading volume of about $18.5 billion, rebounded from a crucial support level of around $2,407 in the past 24 hours to trade about $2,478 on Friday, during the late North American trading session.
However, the recent crypto rebound has triggered fears of a potential dead cat bounce. Moreover, the feud between Trump and Musk may continue to divide the crypto market.
According to on-chain data analysis, BlackRock has gradually shifted its focus from Bitcoin to Ether in the past few days. In the past week, BlackRock’s ETHA recorded a net cash inflow of over $492 million to currently hold about $4.84 billion in cumulative net cash inflow at the time of this writing.
The gradual crypto cash rotation from Bitcoin to Ethereum has fueled the narrative of the much-anticipated altseason 2025. Moreover, the ETH/BTC pair has been dropping for the past few years until recently, signaling a major shift by institutional investors to the altcoin market.
Since breaking out of an established falling trendline in the first quarter, the ETh price has been forming a rising trend characterized by higher highs and higher lows in the lower timeframes. The altcoin has, however, been consolidating in a tight range between $2,400 and $2,679 in the past few weeks.
From a technical analysis perspective, Ether’s price is well positioned to rally above $3k if the buyers manage to push the altcoin above $2,679 in the coming weeks. However, a consistent close below $2.4k will signal further short-term bearish sentiment towards $2.2k.
The post Ethereum (ETH) Price Prediction: Can Rising Demand from BlackRock Fuel Bullish Momentum? appeared first on Coinpedia Fintech News
Ethereum (ETH) price experienced a similar volatility to Bitcoin (BTC) in the past 24 hours, following the feud between Elon Musk and U.S. President Donald Trump. The large-cap altcoin, with a fully diluted valuation of about $300 billion and a 24-hour average trading volume of about $18.5 billion, rebounded from a crucial support level of …
Binance, the world’s largest crypto exchange by trading volume, has introduced a compulsory KYC (Know Your Customer) re-verification process for its users in India.
This step applies to both existing and new users as the exchange looks to align with local anti-money laundering (AML) regulations.
Announced on April 18, the exchange said this re-verification step is part of its broader efforts to improve user security and comply with global regulatory standards.
As part of this process, users must submit updated identity documents, including their Permanent Account Number (PAN). The PAN is a 10-character alphanumeric code issued by the Income Tax Department and is required for financial transactions in India.
“Users in India may need to re-verify their KYC details, including linking their PAN. This is as per the Indian anti-money laundering (AML) laws and these requirements equally apply to all exchanges in India,” Binance stated on X.
Binance emphasized that this requirement stems from national AML laws and is not unique to its platform.
Binance also added that its users’ details were safe and secure. The exchange stated it would only request information required under Indian AML laws to prevent financial crime and support a safe, responsible digital asset ecosystem.
“This requirement is not unique to Binance and equally applies to all local and global exchanges registered under India’s AML legislation,” the firm added.
Binance’s updated KYC procedures come at a time when Indian regulators are stepping up scrutiny of cryptocurrency platforms.
The Indian authorities have been cracking down on exchanges that fail to meet compliance obligations, particularly regarding tax reporting and AML practices.
According to The Economic Times, India’s Income Tax Department is investigating whether Binance users have been using the platform to bypass the 1% Tax Deducted at Source (TDS) on crypto transactions.
Under Indian law, traders must either submit proof of TDS payment or provide documentation for any applicable exemptions.
Meanwhile, Binance’s latest compliance efforts also follow regulatory troubles from the previous year. In 2024, India’s FIU fined the exchange ₹188.2 million (approximately $2.2 million) for failing to meet AML standards. The government also ordered the removal of Binance’s app from Apple’s App Store in the country.
Despite these setbacks, Binance successfully registered with the FIU last year and has since worked to rebuild its regulatory standing.
So, the introduction of this re-verification process signals the company’s intention to fully comply with Indian financial regulations and restore trust among users and regulators alike.
The post Binance Introduces Mandatory KYC Re-Verification for Indian Users Amid AML Push appeared first on BeInCrypto.
The crypto market has seen a notable uptick in activity this week, with total market capitalization rising by 10% over the past seven days.
This surge reflects renewed investor interest, particularly among large holders, who have strategically accumulated select altcoins.
Uniswap’s governance token UNI is one of the tokens crypto whales bought this week. This is evidenced by its large holders’ netflow, up 492% over the past seven days.
The large holders’ netflow measures the difference between the amount of tokens that whales buy and sell over a specified period. When it surges like this, it signals strong accumulation by whales, suggesting growing confidence or a bullish outlook on the asset.
If whale accumulation persists, UNI could extend its rally to $7.10. On the other hand, if demand leans, UNI could shed recent gains and fall to $4.60.
OM’s recent price downturn has opened the door for strategic accumulation by some of its largest holders. According to on-chain data from Santiment, whale addresses holding between 10 million and 100 million OM tokens scooped up 26 million OM during the week under review.
This accumulation trend follows a dramatic collapse in OM’s price on April 13. The token suffered a flash crash that erased over 90% of its value in less than an hour, wiping out more than $5.5 billion in market capitalization.
The price plunge shook retail sentiment, but whales appear to have viewed it as a discounted entry point, positioning themselves for a potential recovery.
If this trend continues, OM could rally above $1. However, once selloffs resume, its price could fall to $0.022.
Sam Altman-linked WLD is another altcoin that crypto whales bought this week. On-chain data shows that whales holding between 1 million and 10 million tokens have acquired 13 million WLD over the past week.
This group of WLD investors holds 798.06 million tokens at press time, marking their highest recorded balance. If WLD whales increase their accumulation, its price could rally back above $1.
On the other hand, if selloffs continue, it could fall to $0.57.
The post Crypto Whales Bought These Altcoins in the Fourth Week of April 2025 appeared first on BeInCrypto.