Blockchain Archives - Page 18 of 53

Trump Coin Faces Market Turbulence Amid $320M Token Unlock

The Trump meme coin ($TRUMP) is under intense scrutiny as a significant token unlock event unfolds. On April 18, 2025, 40 million TRUMP tokens—representing 20% of its circulating supply—were released to project insiders and affiliates. Valued at approximately $320 million, this influx has sparked concerns about increased selling pressure and potential price declines .

Trump Coin Faces Market Turbulence Amid $320M Token Unlock

Price Volatility and Market Sentiment

Following the token unlock, TRUMP’s price has exhibited notable volatility. Currently trading around $9.00, the coin has experienced a 20.4% decline over the past week and a 26.9% drop in the last 30 days . Analysts warn that the sudden increase in token supply could lead to further price drops, potentially pushing the value down to $6 or even $3 in the coming weeks .

Technical Indicators and Patterns

Despite the bearish outlook, some technical indicators suggest potential short-term bullish movements. The Moving Average Convergence Divergence (MACD) displays a rising green histogram, indicating a possible bullish crossover. Additionally, the Simple Moving Average (SMA) shows a positive crossover in the 4-hour timeframe, hinting at increased bullish influence. However, these indicators are not definitive and should be interpreted with caution.

Potential Scenarios

Bullish Case: If buying pressure intensifies, TRUMP could test the upper resistance zone of $9.00 this month.
Bearish Case: Failure to maintain support levels may lead to a retest of the crucial $2.50 support, with the possibility of reaching new multi-month lows if bearish momentum continues.

Conclusion

The recent token unlock has introduced significant uncertainty into TRUMP’s market dynamics. While technical indicators offer some hope for a short-term rebound, the overarching sentiment remains cautious. Investors are advised to monitor market developments closely and exercise prudent risk management strategies.

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Pakistan’s Crypto Revolution: Finance Minister Vows to Build Web3 Future

Pakistan is officially stepping into the Web3 world—and it’s not looking back.

Pakistan Vows to Keep “Building in Crypto,” Says National Crypto Council Head

In a bold new video statement, Finance Minister and Crypto Council head Bilal Bin Saqib declared, “Pakistan will keep building in crypto.” The phrase, made popular in the blockchain world by Binance’s CZ, signals The nation’s full-speed commitment to the crypto space.

This isn’t just about crypto. It’s about leadership, clarity, and national direction.

With the Finance Minister chairing the Council, and @Bilalbinsaqib leading the charge, the Pakistan Crypto Council is focused on one goal: turning confusion into clarity and potential into… pic.twitter.com/V4krDr9sQf
— Pakistan Crypto Council (@cryptocouncilpk) April 18, 2025

Bilal says the country is working on turning excess electricity—a long-time national liability—into “digital gold” through sustainable Bitcoin mining. He also revealed plans to build a crypto-friendly framework that doesn’t kill innovation but encourages it.

He called the launch of the National Crypto Council a “sign of change,” showing that the government is serious about Web3. The council, officially launched on March 14, is tasked with regulating digital assets and encouraging crypto entrepreneurship across the country.

Bilal outlined future goals: blockchain hubs at universities, open calls to the global Pakistani developer community, and policies designed around youth potential and economic realities.

And the nation isn’t doing it alone—Bin Saqib recently joined Donald Trump’s World Liberty Financial as a strategic advisor. Also on board? Binance’s CZ, now advising the council directly.

Pakistan’s message is clear: it’s done waiting—and it’s ready to build.

YOU MIGHT ALSO LIKE: Texas to Hold Public Hearing on $500M Bitcoin Reserve Bill on April 23

Texas to Hold Public Hearing on $500M Bitcoin Reserve Bill on April 23

Texas is taking a big step toward adopting Bitcoin reserve on a state level. A public hearing is scheduled for April 23, 2025, to discuss a new bill that proposes creating a $500 million Strategic Bitcoin Reserve.

New Legislation Could Make Texas the First U.S. State to Hold Bitcoin Reserves

The news was first shared by Crypto Rover on X (formerly Twitter), which quickly sparked strong reactions from the crypto community. If the bill passes, Texas would be able to purchase $500 million worth of Bitcoin annually as part of a reserve strategy.

Shortly after the announcement, Bitcoin’s price jumped over 1%, pushing it past $85,000, according to CoinMarketCap.
At the same time, Bitcoin’s 24-hour trading volume dropped 28.81% to $13.41 billion, suggesting less short-term selling and more long-term confidence among traders.

The bill has already made progress in the Texas Senate, clearing several key votes and readings back in March. Now, with a House hearing confirmed, the crypto world is closely watching to see whether Texas becomes the first U.S. state to officially hold Bitcoin in its financial reserves.

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Brazil Sentences Braiscompany Crypto Scam Team to Over 170 Years in Prison

Three key figures behind one of Brazil’s largest crypto scams have been sentenced to a combined 170+ years in prison for their roles in the fraudulent Braiscompany operation. The group tricked around 20,000 investors out of roughly R$1.11 billion (US$190 million) by promising high returns from crypto investments that never existed.

Court Gives Harsh Sentences After One of Brazil’s Biggest Crypto Scam

The main figure, Joel Ferreira de Souza, received 128 years, 5 months, and 28 days in prison for leading the fake investment scheme. He ran shell companies and moved funds through secret crypto wallets in an attempt to launder the money. Judge Vinicius Costa Vidor said the group “acted to disguise the illicit origin” of their operations.

Others convicted include:

Gesana Rayane Silva – sentenced to 27 years, 10 months, and 10 days for managing money flow and deals.
Victor Augusto Veronez de Souza – sentenced to 15 years for helping with illegal transactions. He is also Joel’s son.

The court found the defendants guilty of running a pyramid scheme that was disguised as a legitimate crypto business. The company looked professional on the outside, but it was built only to benefit the insiders.

Authorities have seized R$36 million in funds linked to the scam, but it’s unclear how much will be returned to victims. Victims’ lawyer Artêmio Picanço urged quick civil action:

“People have to file civil claims soon before the state takes the money.”

Two other people accused were acquitted due to lack of evidence.

This case follows the earlier arrest and extradition of Braiscompany founder Antonio Inacio Da Silva Neto and his partner Fabricia Farias Campos, who were captured in Argentina and brought back to Brazil.

Da Silva Neto is serving 88 years.
Campos received 61 years and 11 months.

The case highlights Brazil’s growing crackdown on crypto fraud and its efforts to hold perpetrators accountable.

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XRP Targets $3 as Golden Cross Signals Potential Breakout

It could be on the verge of a major price breakout as a golden cross technical pattern begins to form. The token, widely used for cross-border payments, last traded above $3 in January 2025, but has since struggled to reach that level again. Now, momentum may be building for a rebound.

Golden Cross and Institutional Backing Boost XRP Sentiment

A golden cross occurs when the 50-day moving average crosses above the 200-day moving average, often seen as a bullish signal. Analysts believe XRP is close to completing this pattern, and the formation could trigger a fresh wave of investor interest.

Currently, it’s is priced at $2.07, showing a slight 0.73% dip in the last 24 hours. Trading volume has dropped 21.84%, suggesting traders may be waiting for confirmation before re-entering the market. But if the golden cross plays out, it could push XRP past the next key resistance level at $2.60, with a return to $3 in sight.

Adding to the optimism is a major move from HashKey Capital, a prominent Asian investment firm. The company recently launched an XRP tracker fund, marking a significant moment in XRP’s history. It’s now the only altcoin besides Ethereum to receive such institutional backing.

In the U.S., investors are still waiting for the SEC to approve XRP-based ETFs. According to ETF Store President Nate Geraci, approval might be close, and there are few reasons for the SEC to hold it back any longer.

With both technical patterns and institutional support aligning, traders are watching closely. If conditions remain favorable, XRP could be poised for a strong rally in the weeks ahead.

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Binance Adds ONDO, BIGTIME, VIRTUAL, Hopes of Prices Soaring After Listing

Binance has officially listed Ondo Finance (ONDO), alongside Big Time (BIGTIME) and Virtual Protocol (VIRTUAL), following the second round of its “Vote to List” campaign. Over 523,000 votes helped drive the selection, with strong community backing and Binance’s due diligence sealing the deal.

Binance Announces ONDO Token Listing, Price Jumps 10%

Spot trading for all three tokens went live on April 11, 2025, at 14:00 UTC, with pairs including USDT and USDC. The tokens were previously available on Binance Alpha but have now fully transitioned to Spot.

ONDO surged nearly 10%, rising from $0.81 to $0.90, and is currently holding around $0.88. BIGTIME jumped over 12%, peaking at $0.080 before settling near $0.0718. VIRTUAL followed suit, spiking from $0.47 to $0.54 and now trades around $0.5286.

Binance users can now transfer balances from Alpha to Spot, with withdrawals starting April 12. The strong price action highlights renewed investor interest, making these three tokens ones to watch.

YOU MIGHT ALSO LIKE: SOL Overtakes USDC, Market Eyes $130 as Rally Continues

SOL Overtakes USDC, Market Eyes $130 as Rally Continues

Solana has leapfrogged USDC to claim the #6 spot on CoinMarketCap, now boasting a $64.26 billion market cap. This comes after a volatile “Black Monday” that shook the crypto space, but it has bounced back fast, rising 6.91% in the past 24 hours to $124.55.

Solana Beats USDC, Hits $64 Billion Market Cap

Just days ago, it hovered around $60B in value. Now, it’s testing the $125 resistance level after finding strong support between $100 and $105. Prediction markets like Polymarket hint it could climb to $130 or even $150 soon.

Meanwhile, USDC slips to #7 with a $60.06B market cap, down 0.11%. Its price remains steady at $0.9998, but trading volume has dipped nearly 28%.

Crypto markets are rebounding overall, with total market cap up 2.88% to $2.66T. Bitcoin has cleared $83K, and Ethereum is steady above $1,500, following Trump’s tariff pause announcement.

Solana is gaining traction thanks to its blazing-fast transactions and growing app ecosystem. With momentum building, Solana is definitely one to watch.

YOU MIGHT ALSO LIKE:FartCoin Soars 47% Following Trump’s Tariff Pause

FartCoin Soars 47% Following Trump’s Tariff Pause

FartCoin, the meme-inspired cryptocurrency, experienced a significant 47% surge over the past 24 hours, reaching a trading price of $0.7354 and elevating its market capitalization to $735.45 million. Trading volume also saw a notable increase, rising by 90.30% to $467.5 million. This marks the second consecutive day FartCoin has been among the top gainers on CoinMarketCap.

FartCoin Surges 47% Amid Tariff News and Crypto Market Rally

This uptick aligns with a broader crypto market rally, which saw the total market cap rise by 7.42% to $2.6 trillion. The surge is partly attributed to U.S. President Donald Trump’s recent decision to pause tariffs for 90 days, while simultaneously imposing a 125% tariff on Chinese goods. These mixed signals have injected volatility into global markets, prompting investors to seek refuge in cryptocurrencies.

Major cryptocurrencies also responded positively, with Bitcoin surpassing $82,000—a 6.50% increase—and Ethereum climbing above $1,600. The stock market mirrored this enthusiasm, as the Nasdaq experienced one of its most robust days since 2008, adding $3.5 trillion in a single session. Other meme coins, including Dogecoin, Shiba Inu, and Pepe, have also seen their values double within hours, underscoring the rapid shifts in the current market landscape.

FartCoin’s recent performance reflects this broader trend, with the Crypto Fear and Greed Index moving from extreme fear (15) to a still-cautious 25, indicating a tentative increase in investor confidence.

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Binance & Islamabad United Team Up: Trade to Win 20K USDT and VIP Cricket Perks

Binance is bringing cricket and crypto together in style with a new VIP Exclusive Trading Competition during Islamabad United’s matches from April 18 to May 10,

Binance and Islamabad United Unite for a Cricket-Crypto Celebration

Participants can win from a 20,000 USDT prize pool, VVIP match tickets, and signed team merchandise. First place takes home 5,000 USDT, a signed bat from the entire team, and a VVIP ticket. Second to ninth place winners will share 5,000 USDT and receive VVIP access. Tenth to twenty-fifth place earn VIP tickets and split another 5,000 USDT. The top 100 traders will share the final 5,000 USDT, with five receiving signed merch.

To join, users must be at least VIP 1 on Binance, register for the campaign, and start trading Spot, Futures, or Convert. Only officially invited users are eligible.

Tickets are valid for Islamabad United matches only. All physical rewards will be sent by May 18. Winners must claim tickets within 24 hours, or they’ll be reallocated.

Binance stresses fair play — wash trading or fake accounts will lead to disqualification.

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Fidelity Unveils 3-Crypto IRA With Bitcoin, Ethereum & Litecoin

Fidelity Investments is expanding its crypto offerings with a new crypto IRA, allowing investors to hold Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) directly in tax-advantaged retirement accounts.

Fidelity Introduces Crypto IRA With Bitcoin, Ethereum, Litecoin

Available to U.S. citizens aged 18 and older, it offers zero fees and can be set up as a Roth, traditional , or rollover. Fidelity stores assets in cold wallets via Fidelity Digital Assets, ensuring long-term security.

The move comes amid rising demand for crypto retirement investments. A TMX Vetta Fi survey found that 57% of financial advisors plan to increase their crypto ETF exposure. While ETFs remain popular, Fidelity provides a direct crypto holding alternative.

A Fidelity spokesperson stated, “We are committed to evolving with investor interests by offering secure and tax-efficient crypto investment solutions.”

Beyond this, Fidelity is expanding crypto investment options, recently filing for a Solana ETF on Cboe Exchange. As traditional finance leans further into crypto, Fidelity’s push signals digital assets are now a core investment class.

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