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On April 20, Dogecoin enthusiasts worldwide celebrated "Dogeday," an unofficial holiday for the memecoin community, which has been recognized since 2021. Despite its reputation as a humorous token, Dogecoin holds a significant market position, ranking eighth in market capitalization with a value of $23.3 billion. The community's excitement is heightened by the anticipation of decisions from the U.S. Securities and Exchange Commission (SEC) regarding several Dogecoin-related exchange-traded fund (ETF) applications. These include filings from Bitwise, Grayscale, 21Shares, and Osprey Fund, with deadlines for responses in May. Dogecoin's tokenomics, characterized by a daily inflation rate of over $2 million, contribute to its accessibility and appeal to retail investors, as noted by blockchain expert Anndy Lian. The coin's staying power is also attributed to its community support, low entry barriers, and the psychological appeal of its pricing, typically under $1, making it attractive to younger, internet-savvy investors.
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US Senator Elizabeth Warren has expressed concerns over the potential dismissal of Federal Reserve Chair Jerome Powell by President Donald Trump, warning that such an action could lead to a financial market crash. During her appearance on CNBC, Warren emphasized that the President lacks the legal authority to remove Powell, and doing so would compromise the integrity of the US financial system. She highlighted the importance of the Federal Reserve's independence from political pressures, stating that any interference could reduce the US to the level of a "two-bit dictatorship." President Trump has been vocal about his dissatisfaction with Powell, particularly regarding the Fed's reluctance to lower interest rates, which he believes could stimulate economic growth and reverse market downturns influenced by trade wars and macroeconomic issues. This ongoing feud has led to speculation and calls from other politicians like Senator Rick Scott for a change in the Federal Reserve's leadership to better align with American interests.
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In his opinion piece for Cointelegraph, Jin Kwon, co-founder and chief strategy officer at Saga, discusses the liquidity crisis in the crypto space due to the proliferation of blockchain networks. Despite advancements in transaction speed and cost, the fragmentation of liquidity across various chains has led to significant user challenges. Users must navigate through multiple wallets, pay various transaction fees, and deal with the risks associated with cross-chain bridges, which are often exploited. This fragmentation not only complicates the user experience but also potentially drives users back to centralized exchanges, undermining the decentralized ethos of blockchain technology. Kwon suggests that integrating interoperability at the base layer of blockchain design could solve these issues by automatically handling cross-chain connections and asset routing, thereby creating a seamless experience for users across different networks. This approach would not only enhance security but also encourage the free flow of capital, making decentralized applications more accessible and appealing to a broader audience.
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Charles Schwab Corp, under the leadership of CEO Rick Wurster, is set to launch spot Bitcoin trading services for its clients by April 2026. This move comes in response to a significant 400% increase in traffic to Schwab's crypto website, signaling a growing interest in digital assets among investors. Wurster has expressed optimism about the regulatory environment, particularly following the re-election of Donald Trump, which he believes will facilitate the expansion of Schwab's digital asset services. Previously, Schwab had partnered with Trump Media and Technology Group (TMTG) to develop "Truth.Fi," a platform aimed at providing an alternative to traditional banking systems, focusing on digital assets and financial services. This partnership reflects Schwab's strategic pivot towards integrating cryptocurrency offerings, aligning with the broader trend of traditional financial institutions embracing digital assets. Despite not personally investing in cryptocurrencies, Wurster acknowledges the significant investment gains in this sector, highlighting the potential for Schwab's clients to benefit from direct crypto trading.
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In a recent analysis, network economist Timothy Peterson suggests that Bitcoin (BTC) could surge to $138,000 within the next three months, despite the challenging macroeconomic environment. Peterson's research highlights a significant correlation between Bitcoin's price and the US High Yield Index Effective Yield, which is currently over 8%. Historical data indicates that Bitcoin has a 71% chance of increasing in value three months after such yield levels, with a median gain of 31%. This analysis comes at a time when Bitcoin faces an unusual positive correlation with the US dollar, influenced by factors like US trade tariffs and global risk aversion. Peterson predicts this correlation will soon revert to its historical inverse relationship as liquidity conditions change. Despite these insights, the article emphasizes that investment decisions should be made with caution and after thorough personal research.
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In the lead-up to Easter, London-based investment firm Abraxas Capital significantly increased its Bitcoin holdings, purchasing over $250 million worth of the cryptocurrency. This move comes amidst predictions from market analysts of a relatively stable Easter weekend for crypto markets, largely due to the absence of major announcements from the White House and the closure of US markets. Despite this, there are concerns about potential volatility stemming from the transfer of over 170,000 Bitcoin from medium-term holders, which could signal imminent market fluctuations. However, analysts from Bitfinex suggest that these movements might not significantly impact weekend price action due to the lack of liquidity in markets during holidays. The crypto market has experienced heightened volatility recently, highlighted by the dramatic price collapse of the Mantra token and Bitcoin's dip below $75,000 following a massive sell-off in the S&P 500. These events underscore the ongoing liquidity and manipulation issues within the crypto industry.
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On April 17, 2025, gold reached a new all-time high of $3,357 per ounce, prompting speculation about Bitcoin's future price movements. Historical trends show that Bitcoin often follows gold's lead, rallying within 150 days of gold's peak. For instance, after gold's 30% hike in 2017, Bitcoin surged to $19,120, and following gold's high near $2,075 in 2020, Bitcoin hit $69,000 in 2021. Analysts like Joe Consorti from Theya suggest Bitcoin could reach new highs between Q3 and Q4 of 2025, with some predicting a parabolic phase and a price target of $400,000. This expectation is based on Bitcoin's historical correlation with gold, especially during economic uncertainty when investors seek alternatives to the US dollar. Galaxy Digital CEO Mike Novogratz emphasized Bitcoin and gold's role as key indicators of financial stewardship, highlighting the current economic turbulence and the weakening US dollar as factors driving investment into these assets. However, the article cautions that all investments carry risk, and readers should conduct their own research.
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The Bank for International Settlements (BIS) has raised concerns about the growing adoption of cryptocurrencies and decentralized finance (DeFi), warning that these could destabilize the traditional financial system and exacerbate wealth inequality. The BIS report highlights the critical mass reached by crypto investors and capital, emphasizing the need for stronger investor protection and regulation. It points out the role of stablecoins in transferring value within the crypto ecosystem and calls for regulations to ensure their stability and redemption capabilities during market stress. The report also discusses how crypto markets might enable wealthier investors to exploit less sophisticated retail investors, as observed during the 2022 FTX collapse. Furthermore, it notes that while DeFi shares economic drivers with traditional finance, its unique features like smart contracts pose new regulatory challenges. The BIS urges proactive regulatory measures to safeguard financial stability while fostering innovation in the crypto space.
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Oregon Attorney General Dan Rayfield is set to sue Coinbase, alleging the sale of unregistered securities, shortly after the SEC dropped its federal lawsuit against the crypto exchange. Paul Grewal, Coinbase's chief legal officer, criticized the move as a direct continuation of the SEC's previous legal action, suggesting a lack of focus on more pressing national issues. This state-level action underscores the fragmented regulatory environment for cryptocurrencies in the U.S., where despite federal victories, state regulators continue to challenge crypto firms. The SEC's change in approach, following the resignation of former chairman Gary Gensler, led several states to drop their lawsuits against Coinbase, indicating a potential shift in regulatory attitudes. However, the persistence of state-level lawsuits could complicate the development of a cohesive national policy on cryptocurrency regulation.
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South Korea's cryptocurrency landscape in early 2025 was marked by significant regulatory changes and political upheaval following a failed coup attempt by then-President Yoon Suk Yeol. The government delayed the implementation of a 20% capital gains tax on crypto until 2027, reflecting ongoing economic and political instability. Amidst this, the Financial Services Commission (FSC) took steps to integrate corporate entities into the crypto market, starting with charities and universities, under strict compliance measures. Regulatory actions included the first enforcement against market manipulation, with a trader indicted under the new Virtual Asset User Protection Act, and sanctions against Upbit for KYC violations. The FSC also began exploring the legalization of Bitcoin ETFs, indicating a potential shift in policy. These developments occurred against a backdrop of cooling trading volumes and a crackdown on unregistered foreign exchanges, setting the stage for further regulatory evolution and political debate in the upcoming presidential election.
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Recent onchain data indicates a bullish trend for Bitcoin, with large holders, or "whales," absorbing over three times the new supply of BTC. This accumulation rate is the highest in Bitcoin's history, driven by a structural shift towards self-custody and long-term investment, especially following the approval of spot Bitcoin ETFs. Exchanges are witnessing significant outflows, with their absorption rate plummeting below -200%, reflecting a preference for holding Bitcoin outside of trading platforms. Despite some macroeconomic headwinds, the confidence among Bitcoin's largest holders remains strong, with their accumulation scores indicating a bullish stance. Additionally, Bitcoin's price has shown signs of a technical breakout from a falling wedge pattern, which could propel its value towards $100,000 by May. However, the price is currently testing key resistance levels, and a failure to break through could see a retreat towards lower support levels. This scenario suggests a cautious optimism among market analysts, who are watching for sustained bullish momentum.
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The article discusses the comparative ease of purchasing Bitcoin versus gold, highlighting the perspectives from both crypto and traditional finance (TradFi) sectors. While Bitcoin is noted for its instant availability and lower costs associated with storage and verification, physical gold presents several hurdles including quality assurance, liquidity when selling, and premiums above market prices. Industry experts like Ross Shemeliak from Stobox and Adam Lowe from CompoSecure argue that Bitcoin's digital nature makes it more accessible and less cumbersome than physical gold. However, Bitcoin's self-custody, which requires managing private keys, poses significant challenges for new investors, as pointed out by gold advocate Rafi Farber. Despite these complexities, Bitcoin is not seen as a direct competitor to gold but rather as a new form of financial infrastructure. The article also notes the current market trends, with gold prices reaching new highs and Bitcoin experiencing a slight downturn year-to-date.
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The article provides a comprehensive guide on setting up and using a crypto hardware wallet, focusing on the Trezor Safe 3. It outlines the advantages of hardware wallets over software wallets, such as keeping private keys offline and reducing malware risks. The setup process includes unboxing, verifying the device's authenticity, installing firmware, creating a new wallet, backing up the recovery seed, setting a PIN, and enabling coins. The guide also explains how to securely receive and send cryptocurrencies, emphasizing the importance of confirming transaction details on the hardware device itself. Additionally, it covers integrating the hardware wallet with MetaMask for DeFi and NFT interactions, ensuring that transactions are signed offline for enhanced security. The article concludes by highlighting the enduring relevance of hardware wallets in 2025 for secure crypto storage and transactions.
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The article discusses the potential for significant Bitcoin (BTC) price volatility as reported by onchain analytics platform CryptoQuant. A notable movement of 170,000 BTC, previously held by entities for three to six months, has been observed onchain, which CryptoQuant suggests is a precursor to market shake-ups. This movement, highlighted in their "Quicktake" blog post, indicates that the current calm in BTC price might not last, with volatility expected soon. The analysis points out that short-term holders (STHs) are particularly sensitive to market changes, contributing to the selling pressure with an average of about 930 BTC per day being sent to exchanges. In contrast, long-term holders (LTHs) show less reaction, moving only about 529 BTC/day, suggesting a divide in investor behavior where short-term holders are more prone to panic selling or profit-taking. The article concludes that while there is no mass exodus by all investors, the current market correction seems driven by reactions from nervous short-term and mid-tier holders.
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Spar, a global grocery chain, has introduced Bitcoin payments at one of its stores in Zug, Switzerland, through the Lightning Network, marking a significant step in cryptocurrency's integration into everyday transactions. This move is part of a broader trend in Switzerland, where over 1,000 businesses now accept Bitcoin, highlighting the country's progressive stance on digital currencies. The payment process at Spar is designed to be user-friendly, requiring customers to simply scan a QR code to pay with Bitcoin. This initiative not only simplifies the payment process but also aims to increase mainstream trust in cryptocurrency. Switzerland's blockchain ecosystem, known as Crypto Valley, has also seen substantial growth, with its valuation surpassing $593 billion in 2024, underscoring the nation's commitment to fostering blockchain technology and cryptocurrency adoption.
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Project Eleven, a quantum computing research firm, has initiated a competition to evaluate the threat quantum computing poses to Bitcoin's security. The challenge, named the "Q-Day Prize," offers 1 Bitcoin to anyone who can crack the largest portion of a Bitcoin key using Shor's algorithm on a quantum computer within the next year. This initiative not only aims to benchmark the current capabilities of quantum computing against Bitcoin's cryptographic security but also to spur the development of quantum-resistant solutions. Over 10 million Bitcoin addresses with exposed public keys are potentially at risk if quantum computers advance sufficiently to break ECC keys. Participants can register as individuals or teams, with the competition deadline set for April 5, 2026. The competition underscores the urgency of addressing quantum threats to Bitcoin, with experts like Jameson Lopp and Paolo Ardoino acknowledging the need for proactive measures to safeguard Bitcoin against future quantum computing advancements.
