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Bitcoin is poised for significant growth as the US bond market experiences its worst selloff since 2019, according to BitMEX co-founder Arthur Hayes. The US 10-year Treasury yield has surged to its highest in two months, reflecting a deepening crisis in the bond market. This turmoil is partly fueled by President Donald Trump's unpredictable tariff policies, which have added to market volatility. Amidst this, the US dollar has weakened significantly, dropping below a key index level for the first time since 2022. Bitcoin, in contrast, has seen a rise of over 4.50%, reaching around $83,250, as investors look for alternative stores of value. Hayes predicts an imminent policy response from the Federal Reserve, potentially leading to an "up only mode" for Bitcoin. Market analysts also suggest that a continued decline in the US Dollar Index could set the stage for a parabolic Bitcoin bull run, with historical patterns indicating strong bullish signals for Bitcoin when the dollar weakens.
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Pakistan is undergoing a significant regulatory shift towards embracing cryptocurrencies, moving away from its previous anti-crypto stance. The country's Federal Investigation Agency (FIA) has introduced a compliance-based regulatory framework for digital assets, aligning with the Financial Action Task Force (FATF) guidelines. This framework focuses on combating terrorism financing, money laundering, and implementing Know Your Customer (KYC) controls. FIA Director Sumera Azam highlighted this shift as a balance between technological advancement and national security. The proposed regulations are set for a multi-phased rollout starting in 2026, subject to legislative approval and input from digital asset firms. This change comes after Pakistan's Finance Ministry formed the Pakistan Crypto Council in February 2025 to attract foreign investment and explore opportunities like Bitcoin mining using excess energy. The Council has also appointed Binance co-founder Changpeng Zhao as an adviser to guide its policy efforts.
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Waylon Wilcox, a 45-year-old NFT trader, has pleaded guilty to underreporting nearly $13 million in profits from trading CryptoPunks, potentially facing up to six years in prison. Wilcox sold 62 CryptoPunk NFTs in 2021, earning approximately $7.4 million, and 35 more in 2022 for an additional $4.9 million. Despite these substantial earnings, he filed false income tax returns for both years, underreporting his income by $8.5 million in 2021 and $4.6 million in 2022, thereby reducing his tax liability by $2.1 million and $1.1 million respectively. The case, investigated by the IRS and the Criminal Investigation Department, highlights the IRS's commitment to addressing tax evasion involving virtual currencies and NFTs. This incident comes at a time when crypto tax laws are gaining attention, with new regulations in the US requiring centralized exchanges to report digital asset transactions, although a recent legislative move has overturned a rule that would have extended these requirements to DeFi platforms.
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Bitcoin's price has shown signs of recovery after dipping to $74,400, with a notable 11% rebound. Analysts like AlphaBTC and Rekt Capital are optimistic about a sustained recovery if Bitcoin maintains above key psychological levels like $81,500 and $80,500 respectively. The market's behavior indicates a possible "seller exhaustion," where the intensity of realized losses decreases, hinting at a potential shift in market sentiment. Technical analysis, particularly the Bollinger Bands, supports the idea of Bitcoin forming a W-shaped bottom, which could propel the price towards new highs if the pattern is confirmed. This analysis suggests that Bitcoin might first aim for $88,800 before potentially reaching $106,000, although the article emphasizes that these insights do not constitute investment advice and readers should perform their own research.
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Jack Lu, CEO of BounceBit, discusses the significant challenge in the crypto market: the disconnect between Asia's crypto liquidity hubs and the US capital markets. Despite Asia's dominance in crypto trading and liquidity, and the US's recent moves towards tokenized treasuries, the lack of a unified regulatory framework and institutional-grade financial instruments has created inefficiencies. This structural weakness prevents crypto from becoming a true institutional asset class. Lu emphasizes the need for a global collateral standard that provides stability, wide adoption, and DeFi-native features to bridge traditional finance with digital assets. He highlights the emergence of tokenized treasuries like BUIDL and USYC as steps towards solving this issue, allowing for more capital-efficient systems. Additionally, the integration of Bitcoin into structured financial systems and the development of centralized decentralized finance (CeDeFi) are seen as crucial for attracting institutional capital. The article underscores the necessity of making crypto liquidity borderless to ensure the next phase of digital asset growth.
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President Donald Trump has provided a significant relief to the tech industry by exempting a range of tech products from reciprocal tariffs. This includes smartphones, chips, computers, and other electronics, which were previously under threat from sweeping tariffs affecting multiple stages of the supply chain. The move has been welcomed by tech executives and investors, as it alleviates some of the pressures from the ongoing trade war. The US Customs and Border Protection confirmed that items like storage cards, modems, diodes, and semiconductors are also excluded from these tariffs. Following this announcement, Bitcoin's price surged past $85,000, indicating a positive market response to the news. The tariff exemptions are part of a broader strategy, including a 90-day pause on tariffs and reduced rates for countries not retaliating with tariffs on US goods, aimed at negotiating a trade deal with China. However, some financial experts argue that these exemptions might not significantly impact bond yields or interest rates, suggesting that the underlying economic tensions persist.
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The article explores various methods for mining Bitcoin at home in 2025, detailing the latest hardware, software, and strategies to maximize efficiency and profitability. It discusses the rise in Bitcoin's legitimacy, driven by institutional investments and regulatory changes like the MiCA regulation in the EU and a potentially crypto-friendly Trump administration in the US. The price of Bitcoin has surged past $100,000, prompting more individuals to consider mining. The article outlines four approaches: lottery mining, which is low-cost but highly unpredictable; solo ASIC mining, offering control but with long odds; pool mining, the most practical for steady income; and cloud mining, which avoids hardware management but often lacks profitability. Each method has its pros and cons, catering to different miner motivations, from the thrill of the gamble to the desire for consistent returns.
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Despite recent price corrections and global trade tensions, Bitcoin is still expected to reach a value of $1.8 million by 2035, according to Joe Burnett, director of market research at Unchained. Speaking on Cointelegraph’s Chainreaction live show, Burnett highlighted Bitcoin's long-term bullish cycle, suggesting it could potentially match or exceed gold's $21 trillion market cap within the next decade. He discussed two models: the "parallel model" predicting Bitcoin at $1.8 million, and Michael Saylor’s "Bitcoin 24 model" estimating $2.1 million by 2035. Burnett emphasized Bitcoin's technological superiority over traditional assets like gold, which could drive its value even higher. However, ongoing trade war fears have led investors to seek safer assets, with tokenized gold seeing a surge in trading volume. Despite Bitcoin's volatility, its growing maturity as an asset class is noted, with strong holders likely to benefit from future market drawdowns.
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The article discusses the current phase of Bitcoin's four-year halving cycle, focusing on the behavior of different cohorts of Bitcoin holders. Long-term holders, who typically hold for three to five years, have entered a new accumulation phase, significantly increasing their holdings since mid-February. This group's behavior helps stabilize the market by absorbing sell-side pressure. Meanwhile, Bitcoin whales, especially those with over 1,000 BTC, are also in an accumulation mode, with their activity suggesting a potential for future price support. On the other hand, short-term holders, influenced heavily by market sentiment, are currently holding onto their Bitcoin despite a challenging economic backdrop. However, their behavior could shift towards selling if Bitcoin's price sees further declines. The article also touches on how market sentiment, as reflected by the Fear & Greed Index, cycles through phases of fear and greed, influencing market movements. This cyclical behavior often becomes self-fulfilling as traders act on expected patterns, reinforcing Bitcoin's market cycles.
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The SEC and Ripple have decided to temporarily halt their appeals in the ongoing legal battle over XRP, as they engage in settlement discussions. This decision was made public through a joint filing on April 10, where both parties agreed to put the appeals in "abeyance" to conserve judicial and party resources. The move comes amidst speculation that the newly confirmed SEC chair, Paul Atkins, might choose to drop the case upon taking office, potentially marking a significant win for Ripple. Ripple's CEO had previously hinted at the case's conclusion, and the latest filing indicates that a settlement is pending commission approval. This development has led to the cancellation of Ripple's upcoming brief deadline, originally set for April 16. The timing of Atkins' official assumption of office remains uncertain, with historical precedent suggesting it could be as soon as a few days after confirmation.
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In 2025, betting against Ether has proven to be the most lucrative strategy for ETFs, with two funds, ProShares UltraShort Ether ETF (ETHD) and T Rex 2X Inverse Ether Daily Target ETF (ETQ), leading the performance charts with gains of approximately 247% and 219% respectively. This success comes at a time when Ether itself has experienced a significant downturn, dropping about 54% year-to-date. The ETFs use financial derivatives to inversely track Ether's performance with twice the volatility. Meanwhile, Ethereum's network has faced challenges since its Dencun upgrade in March 2024, which aimed to reduce costs but resulted in a 95% drop in fee revenues. The upgrade has kept revenues low due to difficulties in monetizing layer-2 scaling chains, which handle an increasing share of transactions. Ethereum's future now depends on its ability to serve as an effective data availability engine for these layer-2 solutions. Additionally, the broader smart contract platform market has seen declines in usage, reflecting a cooling market sentiment amid looming economic uncertainties.
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Block Inc., founded by Jack Dorsey, has agreed to a $40 million settlement with the New York Department of Financial Services (NYDFS) over alleged compliance failures related to its Cash App platform. The NYDFS investigation revealed that Cash App did not adequately monitor high-risk Bitcoin transactions, failed to report suspicious activities promptly, and lacked proper customer due diligence. Although Block did not admit to any wrongdoing, the settlement was reached to resolve the issues. This isn't the first time Block has faced regulatory penalties; earlier in the year, it paid $80 million to other state regulators for similar AML program violations. Despite these regulatory challenges, Block's financial performance remained robust, with a 4.5% increase in companywide revenues to $6.03 billion and a 51% rise in per-share earnings to $0.71 by the end of 2024. Cash App, a significant growth driver for Block, reported a gross profit of $1.38 billion in the fourth quarter and had over 57 million monthly transacting users. However, Block's share price has seen a significant decline, dropping over 37% this year.
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Ethereum's price has been underperforming compared to the broader crypto market, with several factors contributing to its decline. The cryptocurrency recently dropped below its realized price, a bearish sign that often precedes deeper corrections. This metric, which calculates the market value based on the last transaction price of each coin, has historically acted as resistance when above the spot price, leading to mass selling by investors. Additionally, spot Ethereum ETFs are witnessing weak investor interest, with significant net outflows recorded recently, reflecting a lack of institutional demand. The derivatives market for Ether also shows signs of bearish sentiment with low open interest and negative funding rates, indicating reduced trader participation and a dominance of short positions. Moreover, Ethereum is losing ground to competing layer-1 blockchains like BNB Chain, Solana, and Avalanche, which are capturing more network activity due to their scalability advantages. These factors collectively suggest that Ethereum might see further price declines, potentially bottoming out at around $1,000, although no investment advice is given in this analysis.
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Bitcoin maintained its value above $82,000 as the US dollar weakened to a three-year low and the Producer Price Index (PPI) inflation dropped significantly. The PPI data, which came in at 2.7% against an expected 3.3%, suggested a cooling in inflation, potentially beneficial for the ongoing US trade war. Despite these positive economic indicators, the performance of risk assets like the S&P 500 did not reflect this optimism, remaining flat or slightly down. Analysts and traders, including Michaël van de Poppe, noted that the lower PPI could be advantageous for President Trump's trade strategy. Additionally, the US Dollar Index (DXY) hitting multiyear lows historically signals a bullish trend for Bitcoin, with some analysts predicting a potential parabolic bull run if the DXY continues to weaken. However, the article cautions that investment decisions should be based on individual research due to the inherent risks involved in trading and investment.
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In a detailed investigation by Cointelegraph, a significant cyberattack on an elderly crypto whale, known as "HEX 19," resulted in a loss of nearly $4.5 million in HEX tokens over several years. The attack, which began in November 2021, was linked to a notorious online entity named "Konpyl," known for orchestrating various phishing and wallet-draining schemes. The breach not only led to a drop in HEX token prices but also uncovered a network of fraudulent activities, including connections to the Inferno Drainer and a $1.6-million fake Rabby wallet scam. The funds were laundered through multiple wallets, with significant amounts being processed through anonymizing services like Tornado Cash. The victim, HEX 19, a retiree in his 80s, expressed a philosophical acceptance of his loss, emphasizing the importance of family over financial wealth. Despite the financial setback, he hopes his experience serves as a cautionary tale about the dangers of storing sensitive information online.
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A New York lawmaker, Assemblyman Clyde Vanel, has introduced Assembly Bill A7788, aiming to amend state financial laws to permit state agencies to accept payments in cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. This move reflects a growing trend of integrating digital assets into public services. The bill allows for payments of fines, taxes, fees, and other financial obligations in crypto, with the possibility of an additional state "service fee" to cover transaction costs. This legislative effort follows another recent bill in New York aimed at preventing cryptocurrency fraud. The introduction of this bill indicates a significant shift towards recognizing and incorporating cryptocurrencies into the state's financial infrastructure, potentially setting a precedent for other states. The bill has been referred to the Assembly Committee for review, with potential advancement to the state Senate next. This legislative push comes in the wake of similar initiatives in other states like Illinois, highlighting a broader national interest in regulating and integrating cryptocurrencies into the legal and financial systems.
