The severe Ethereum price drop of 47% in 2025 has many investors questioning whether now is actually the time to buy or sell. At the time of writing, ETH is trading at around $1,823.12 with a slight 0.83% recovery over the past day, and Ethereum faces significant challenges despite its rather substantial $220.49 billion market cap.Source: CoinMarketCapAlso Read: Top 5 Defense Stocks to Buy as U.S. Approves $150B Military BudgetSource: Watcher GuruDeclining Active Wallets Signal TroubleRecent data shows Ethereum’s active wallet addresses dropped to about 13.9 million in March, down 1.5 million from last year. This key metric suggests users…
Author: cryphedge
Circle, the issuer of the USDC stablecoin, has secured initial approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi.The approval, announced on April 29, allows Circle to move closer to receiving a full Financial Services Permission (FSP) to operate within the Abu Dhabi Global Market (ADGM).This progress comes just months after Circle’s incorporation in ADGM in December 2024. It marks a significant step in the stablecoin issuer’s plan to offer compliant financial services across the Middle East and Africa (MEA).Circle stated that the approval strengthens its position as a trusted player in the expanding world of regulated digital finance.The…
The total market cap of stablecoins has surged to nearly $240 billion, marking a significant milestone as it nears a new all-time high. According to DeFiLlama data, over $5 billion in new stablecoin supply was issued in the past week alone, representing a 2.18% increase over seven days and a 2.62% rise over the past month. Source: DeFiLlamaNotably, Tether (USDT) continues to dominate the market with a market share of 61.92%, followed by other major players, including USD Coin (USDC), Ethena USDe (USDe), and Dai (DAI).Citigroup has released a report predicting explosive growth for the stablecoin market, estimating it could…
Key Takeaways:Fartcoin surged 173% in April, becoming the top-performing memecoin with a market cap of $1.14 billion and strong whale-driven activity.PENGU saw a +136.35% weekly gain, but monthly growth slowed to +102% from 153% on 28th April, with a potential pullback on the horizon.: Whale purchases of Fartcoin, including a $2.48 million increase, add volatility and bullish sentiment to the token’s rise.Despite a short-term pullback, PENGU holds a bullish market structure, with support at $0.0100–$0.0110 crucial for continued upward momentum.PENGU’s volume surged to $1.2B, driven by institutional and retail interest, though high leverage signals potential short-term volatility.April has proven to…
Ethereum’s Layer 2 solutions have recorded impressive growth. Unichain and Base are leading the charge, boosting Ethereum’s usage and interest. Analysts have revealed that Ethereum is hitting new milestones, with the ecosystem now holding a record 15.4 million active addresses, a massive 62.7% surge in just one week. Layer 2 networks are now processing 6.65 times more transactions than Ethereum’s main network.Ethereum Is Thriving, Unichain and Base Lead Ethereum’s modular setup moves most activity to Layer 2 chains, while the Mainnet is mainly used to finalize transactions. This helps Ethereum grow without compromising its security.Unichain leads all EVM chains with 5.8 million…
Shiba Inu (SHIB) is currently experiencing a slow price movement. With the market undergoing a transformative phase amid volatility posed by the US tariffs, the altcoin market in its entirety is responding slowly to the current development, with Shiba Inu showcasing a particularly mellow approach. The stark contrast is the current talk of the market as investors continue to compare SHIB’s spectacular 2021 price hike with the current scenario, secretly hoping for the markets to usher in a new rally for the token to experience and bask in. Can SHIB truly hit the one-cent dream, or will it remain a…
Most meme coins have posted double-digit gains over the last week. As investor appetite for meme coins intensifies, CartelFi is drawing increased attention for its novel approach. CartelFi’s presale has already surpassed $1.17 million, underscoring growing investor interest in its unique yield-generation model. CartelFi is targeting a persistent inefficiency in the crypto ecosystem: the vast amounts of meme coin capital that remain idle between market cycles. Rather than forcing holders to liquidate in search of yield, CartelFi enables them to deploy assets into meme coin–specific liquidity pools, bridging the gap between speculation and utility. By fusing DeFi mechanisms with…
Bitcoin (BTC/USD) is regaining momentum as a macro hedge, with its correlation to gold snapping back into positive territory. As of April 25, the 30-day Pearson correlation between Bitcoin and gold stood at 0.54—up sharply from a low of -0.67 in February.That reversal reflects a renewed alignment between two key safe-haven assets amid growing global uncertainty. In February, Bitcoin tumbled 17% from $102,000 to $84,000, while gold ticked up from $2,800 to $2,850. That divergence sparked a rare dislocation in the correlation, but it proved temporary.Since March, Bitcoin has rallied over 10%, while gold gained 5%, both tracking renewed demand…
The U.S. Department of Justice (DOJ) is seeking a 20-year prison sentence for Alex Mashinsky, the former CEO of bankrupt crypto lending platform Celsius, for orchestrating what it calls a “years-long campaign of lies and self-dealing” that defrauded thousands of investors.In a sentencing memorandum filed on April 28, federal prosecutors urged the court to impose a two-decade sentence, citing Mashinsky’s central role in a scheme that left customers unable to access nearly $4.7 billion in cryptocurrency when Celsius froze withdrawals in June 2022.The DOJ described the fraud as deliberate and calculated, not a result of misjudgment or market misfortune.Mashinsky Admitted…
Stablecoins are rapidly evolving from a niche segment in the crypto world to a key player in global finance. With major traditional financial institutions like Visa, Mastercard, and Stripe backing stablecoin initiatives, and transaction volumes already surpassing Visa’s network, it’s clear that stablecoins are reshaping the way money moves across borders.Visa, Mastercard, and Stripe Embrace StablecoinsTop financial players are now embracing stablecoins, signaling a broader shift towards mainstream integration. Visa has already launched the Visa Tokenized Asset Platform to support the launch and management of stablecoins and tokenized deposits. Similarly, Stripe is testing stablecoin payments, aiming to provide businesses outside…
