KriptoHüsrev

The ABD Senate has confirmed Paul Atkins as the new chairman of the Securities and Exchange Commission (SEC). 🎉

- Atkins is determined to maintain the Trump administration's crypto-friendly approach.
- The new chairman aims to bring clearer regulations for digital assets.
- Experienced in the crypto industry, Atkins plans to develop policies that balance innovation and investor protection. 🚀

This article heralds positive developments in the world of crypto and blockchain.

🔍 sUSD, issued by Synthetix, fell below its $1.00 value, dropping to a level of $0.83. This marks the second depeg event in the past year and raises concerns about the issuer's stability mechanisms.

📉 Excess Supply Triggers Peg Instability: The recent drop in sUSD is linked to excess supply entering the market. In Curve, sUSD makes up 75% of the DAI-USDC-USDT-sUSD pool, indicating that traders are actively liquidating the asset.

The Synthetix team is working to stabilize the peg with new mechanisms. Founder Kain Warwick noted that volatility should be expected during the transition process.

The current price of sUSD is $0.8593, and it has also experienced a decline against Ethereum and Bitcoin. However, Warwick emphasizes that the peg is not entering a death spiral.

March Consumer Price Index (CPI) figures have been released and are painting a more favorable picture for inflation rates. 📉

- Headline CPI: 2.4% Yearly (expectation 2.5%), Core CPI: 2.8% Yearly (expectation 3.0%)
- This is the lowest core inflation in the last four years and indicates a macroeconomic shift.
- BTC experienced a rapid decline from $82,500 to $81,500 following the announcement of the figures.

Promising developments continue for blockchain and cryptocurrencies. 🚀

21Shares, a digital asset manager based in Zurich, has applied to the U.S. Securities and Exchange Commission (SEC) for approval to launch a spot ETF for Dogecoin (DOGE). 🐕‍🦺

The ETF will track the performance of Dogecoin, and Coinbase Custody has been proposed as the fund's custodian. The chance of SEC approval is estimated at 64%. This reflects the growing institutional interest in the crypto sector. 🌟

21Shares will also launch the Dogecoin ETP by establishing a special partnership with House of Doge.

Bitcoin (BTC) is on the rise again! 🚀

- With President Trump's tariff freeze, BTC has risen to $83,000. It is currently hovering around $81,800.
- Analysts predict that if BTC surpasses $86,900, it could reach $208,550.
- The Mayer Multiple indicator suggests that BTC could find strong support at $69,500.
- CryptoQuant data shows that the amount of BTC withdrawn from exchanges has increased; this could reduce selling pressure. 📊

Bitcoin Flow to Binance

🔍 In the last two weeks, the flow of Bitcoin to Binance has increased, indicating a rise in investor activity amid macroeconomic uncertainties. According to CryptoQuant analysis, Bitcoin reserves on Binance have increased by 22,106 BTC, rising from 568,768 BTC to 590,874 BTC.

Pre-CPI Expectations

📈 Investors' cautious behavior prior to the U.S. Consumer Price Index (CPI) report may affect Bitcoin flow. Trump's changes in tariffs have increased market volatility. Bitcoin and altcoins saw a rise with the postponement of tariffs. CPI data could influence market sentiment.

Ethereum is experiencing a strong downtrend at the critical $1.5K support area. This level has emerged as a significant psychological support point since November 2024. 📉

Recent increased buying pressure has led to a temporary recovery in price. However, if selling pressure continues, there is a risk of the price falling to the $1K level if the $1.5K support is broken.

While funding rates in the futures market are declining, the increasing activity of buyers is noteworthy. If this trend continues, Ethereum may target higher price levels. However, if selling pressure reasserts itself, the likelihood of a deeper decline increases. 🔍

The crypto market is experiencing volatile days due to the effects of trade wars. After Trump's tax moves, BTC surpassed $83,000 yesterday. 🌟

- Altcoins are also on the rise; XRP approached $2 with a 10% increase.
- Ethereum returned to $1,600.
- The total market value approached $2.7 trillion.

Blockchain technology and cryptocurrencies look to the future with hope. 🚀

The lawsuit between Ripple and the SEC may experience a significant development on April 16. 🗓️ Legal expert Fred Rispoli stated that the likelihood of Ripple submitting an appeal document is 10%, while the likelihood of a settlement or withdrawal notification is 90%. Last month, Ripple announced that the SEC had withdrawn its appeal, but no official document was submitted. This uncertainty raises the question of whether the case has truly come to an end. ⚖️

China and Russia have started to conduct energy transactions using Bitcoin and other digital assets. 🌍 This move is seen as an early sign that Bitcoin is evolving from a speculative asset into a functional medium of exchange.

The weakening of the US Dollar could be a positive development for Bitcoin. Changes in Federal Reserve policies and increased liquidity may contribute to Bitcoin's strengthening. 📈

Analysts indicate that the weakening of the dollar is beneficial for crypto.

The President of the USA has suspended mutual tariffs for 90 days, bringing back $250 billion to the crypto markets. 📈

Bitcoin reached $83,425 with an 8% increase. Technical analyst Rekt Capital stated that BTC could rise further.

Ethereum returned to $1,680 with a 15% increase, while altcoins like XRP and Solana also showed recovery.

The market may become more active in case of a potential agreement with China. 🌐

🐕‍🦺 Large investors sold approximately 1.32 billion DOGE, worth 190 million dollars, in the last two days. This situation may cause panic among small investors and could lead to further price declines.

🔍 21Shares listed the Dogecoin ETP on the SIX Swiss Exchange. However, this new financial product did not create a significant movement in the DOGE price. The launch of spot Dogecoin ETFs could have a more positive impact.

The crypto market has recovered with the easing of trade tensions between the US and many countries. 🚀 The local cryptocurrency of Pi Network, PI, has risen to $0.60 with a daily increase of 6%. Bitcoin reached $82,000, while Ethereum reached $1,600. The strategic agreements made by Pi Network with Banxa have positively affected the price performance of PI. The community believes that PI may rise even further in the future. 📈

Argentinian lawmakers approved the establishment of a special committee to investigate President Javier Milei's connection to the LIBRA meme coin scandal. 📊

The committee will have the authority to summon senior government officials and request documents from public institutions. However, the exclusion of Milei and his sister Karina from the investigation has been criticized.

According to the Nansen report, 86% of those who purchased LIBRA lost $251 million. These developments once again highlight the need for transparency and security in blockchain technology. 🔍

The U.S. Department of Justice (DOJ) announced that it will no longer prosecute criminal cases against crypto exchanges, developers, or users. 🌐

- The National Cryptocurrency Enforcement Team (NCET), focused on crypto crimes, has been disbanded.
- DOJ will not attempt to regulate digital assets through criminal prosecution.
- New focus: Individuals who victimized investors or used crypto for crime. 🚀

This change could be a significant turning point in the crypto world.

TRX and XRP Shine 🌟

While global financial markets are shaken by increasing tensions between the US and its trading partners, TRON (TRX) and Ripple's XRP are drawing attention in the crypto market. According to Glassnode data, over 80% of the circulating supply of TRX and XRP is still in profit. Despite market fluctuations, these two cryptocurrencies demonstrate resilience and indicate a promising future for blockchain technology.

🔹 Ripple's XRP network is strengthening! Despite the recent decline, the number of addresses holding XRP has reached an all-time high of 6.26 million. This increase shows interest and adoption of the cryptocurrency.

🔹 Standard Chartered predicts that the price of XRP could rise to $12.50 by 2028. Potential ETF approvals could be the key to this rise. 📈

🔹 Teucrium's first XRP-based ETF in the U.S. attracted attention with a volume of $5 million on its launch day.

Ripple, making one of the biggest moves in crypto history, has acquired prime broker giant Hidden Road for $1.25 billion. 🚀

This move aims to create infrastructure and benefits to directly provide institutional capital flow for XRP and XRPL. Hidden Road is integrated with major exchanges, handling an annual trading volume of $3 trillion. Ripple is now in control of this gateway.

XRP could be a bridge in institutional liquidity management. 💼

Cardano has seen significant developments in recent days. Grayscale supported ADA by adding it to the Smart Contract Fund, making ADA the third largest asset of the fund. 🚀

Rumors of a possible collaboration with Ripple have generated excitement in the community. Meanwhile, Cardano's price has dropped by 16% to $0.56. Although hopes for ETF approval have diminished, optimism for blockchain technology and cryptocurrencies continues. 📈

The price of Solana (SOL) has been volatile in recent days. It fell below 100 dollars on April 7, but exceeded 110 dollars the next day. Analyst Ali Martinez noted that if SOL stays above 95 dollars and surpasses 121 dollars, it could reach 147 dollars with a 40% increase. Other analysts believe that the price could drop to 80 dollars, but they think this presents a buying opportunity. 📈🔍