Gnosis price

By Francisco Rodrigues (All times ET unless indicated otherwise) Cryptocurrencies fell slightly in the past 24 hours, with the broad market CoinDesk 20 (CD20) index dropping 1.4%. Bitcoin (BTC) is little changed around $95,000. These figures are well within recently volatility ranges and come on the back of a strong monthly performance — BTC is on track to rise 15% in April, the most since November. The market has been grappling with growing pessimism surrounding the potential impact of President Donald Trump's reciprocal tariffs on nearly every country and optimism that the Federal Reserve will cut interest rates earlier than expected. Stock prices have rallied over the past week on expectations Trump would lower the tariffs and the continuation of interest-rate cuts, according to Spanish bank Bankinter. “Yet the perspective could turn for the worse from today, applying the logic of the data, because — regardless of tariffs and rate cuts — part of the damage has already been done, chiefly to confidence, which is the market’s foundation,” the bank wrote in a note. Indeed, various major companies, including P&G, UPS, PepsiCo, American Airlines and GM, have lowered or pulled their earnings forecasts. Bankinter pointed out that French first-quarter GDP data released today showed a quarter-on-quarter increase that was entirely inventory-driven, while consumption, investment, and exports are weakening. That bodes poorly for the U.S. figure, set to be released at 8:30 a.m. Some market observers, including Bankinter, suggest it could contract sharply. Bitcoin’s rise so far this year, contrasting with the stock market’s worst 100 days of a presidential administration since 1974, could be further evidence the cryptocurrency is starting to be used as a hedge. As mentioned earlier in the week, Greg Cipolaro, the global head of research at NYDIG, wrote in a note that BTC has been acting “more like the non-sovereign issued store of value that it is.” Bitcoin has decoupled from U.S. equities after the trade war between the U.S. and China escalated and has been seeing bets on it rise. This month, spot bitcoin ETFs posted monthly total net inflows of little over $3 billion according to SoSoValue data, further pointing to a flight to the cryptocurrency space amid the uncertainty. Stay alert! What to Watch Crypto: April 30, 9:30 a.m.: ProShares will debut three ETFs that will provide leveraged and inverse exposure to XRP: ​​the ProShares Ultra XRP ETF, the ProShares Short XRP ETF and the ProShares UltraShort XRP ETF. April 30, 10:03 a.m.: Gnosis Chain (GNO), an Ethereum sister chain, will activate the Pectra hard fork on its mainnet at slot 21,405,696, epoch 1,337,856. May 1: Coinbase Asset Management will introduce the Coinbase Bitcoin Yield Fund (CBYF), which is aimed at non-U.S. investors. May 1: Hippo Protocol starts up its own layer-1 blockchain mainnet built on Cosmos SDK and completes a migration from Ethereum’s ERC-20 HPO token to its native HP token, enabling staking and governance. May 1, 9 a.m.: Constellation Network (DAG) activates the Tessellation v3 upgrade on its mainnet, introducing delegated staking, node collateral, token locking and new transaction types to enhance network security, scalability and functionality. May 1, 11 a.m.: THORChain activates its v3.5 mainnet upgrade, adding the TCY token to convert $200 million in debt into equity. TCY holders earn 10% of network revenue, while native RUNE remains the protocol’s security and governance token. TCY activates May 5. May 5, 3 a.m.: IOTA’s Rebased network upgrade starts. Rebased moves IOTA to a new network, boosting capacity to as many as 50,000 transactions per second, offering staking rewards of 10%-15% a year and adding support for MoveVM smart contracts. May 5, 10 a.m.: The Crescendo network upgrade goes live on the Kaspa (KAS) mainnet. This upgrade boosts the network’s performance by increasing the block production rate to 10 blocks per second from 1 block per second. Macro April 30, 8 a.m.: Brazil’s Institute of Geography and Statistics (IBGE) releases March unemployment rate data. Unemployment Rate Est. 7% vs. Prev. 6.8% April 30, 8 a.m.: Mexico's National Institute of Statistics and Geography releases (preliminary) Q1 GDP growth data. GDP Growth Rate QoQ Prev. -0.6% GDP Growth Rate YoY Prev. 0.5% April 30, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases (advance) Q1 GDP growth data. GDP Growth Rate QoQ Est. 0.4% vs. Prev. 2.4% April 30, 10 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases March consumer income and expenditure data. Core PCE Price Index MoM Est. 0.1% vs. Prev. 0.4% Core PCE Price Index YoY Est. 2.6% vs. Prev. 2.8% PCE Price Index MoM Est. 0% vs. Prev. 0.3% PCE Price Index YoY Est. 2.2% vs. Prev. 2.5% Personal Income MoM Est. 0.4% vs. Prev. 0.8% Personal Spending MoM Est. 0.6% vs. Prev. 0.4% May 1, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended April 26. Initial Jobless Claims Est. 224K vs. Prev. 222K May 1, 9:30 a.m.: S&P Global releases Canada April purchasing managers’ index (PMI) data. Manufacturing PMI Prev. 46.3 May 1, 10:00 a.m.: Institute for Supply Management (ISM) releases U.S. April economic activity data. Manufacturing PMI Est. 48 vs. Prev. 49 Earnings (Estimates based on FactSet data) April 30: Robinhood Markets (HOOD), post-market, $0.33 May 1: Block (XYZ), post-market, $0.97 May 1: Reddit (RDDT), post-market, $0.02 May 1: Riot Platforms (RIOT), post-market, $-0.23 May 1: Strategy (MSTR), post-market, $-0.11 May 8: Coinbase Global (COIN), post-market, $2.08 May 8: Hut 8 (HUT), pre-market May 8: MARA Holdings (MARA), post-market Token Events Governance votes & calls Compound DAO is voting on moving 35,200 COMP ($1.5 million) into a multisig safe to test selling covered calls on COMP for USDC, lend that USDC in Compound for extra yield, then use the returns to buy back COMP and repeat — targeting a roughly 15 % annual gain. Voting ends May 2. April 30, 12 p.m.: Helium to host a community call meeting. May 5, 4 p.m.: Livepeer (LPT) to host a Treasury Talk session on Discord. Unlocks May 1: Sui (SUI) to unlock 2.28% of its circulating supply worth $261.2 million. May 1: ZetaChain (ZETA) to unlock 5.67% of its circulating supply worth $12.31 million. May 2: Ethena (ENA) to unlock 0.73% of its circulating supply worth $12.99 million. May 7: Kaspa (KAS) to unlock 0.56% of its circulating supply worth $13.08 million. May 9: Movement (MOVA) to unlock 2.04% of its circulating supply worth $12.31 million. Token Launches May 2: Binance to delist Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB), and Wing Finance (WING). May 5: Sonic (S) to be listed on Kraken. Conferences CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes. Day 4 of 4: Web Summit Rio 2025 Day 1 of 2: TOKEN2049 (Dubai) May 6-7: Financial Times Digital Assets Summit (London) May 11-17: Canada Crypto Week (Toronto) May 12-13: Dubai FinTech Summit May 12-13: Filecoin (FIL) Developer Summit (Toronto) May 12-13: Latest in DeFi Research (TLDR) Conference (New York) May 12-14: ACI’s 9th Annual Legal, Regulatory, and Compliance Forum on Fintech & Emerging Payment Systems (New York) May 13: Blockchain Futurist Conference (Toronto) May 13: ETHWomen (Toronto) Token Talk By Shaurya Malwa Solana-based Housecoin (HOUSE) zoomed to nearly $100 million market cap early Wednesday driven by a 24-hour price bump of 63% that brought its price to just under a cent. HOUSE has surged more than 900% in the past three weeks, mainly on niche popularity in crypto circles and mentions from well-followed X accounts. The trending memecoin is a satire on the real estate market, where prime locations are priced out for most of the general populace. Holding HOUSE is, jokingly, considered by its cult to be holding actual property even though the token is intrinsically valueless and not backed by any real-world assets. While its momentum and accessibility offer trading opportunities, its volatility, lack of clear fundamentals, and memecoin risks demand caution. Derivatives Positioning Among large-cap assets on Binance, PEPE and ADA hold negative funding APRs of -14.7% and -11.2%, respectively, according to Velo data. In contrast, TON, XLM, and XMR have seen funding APRs spike to 11%, highlighting a clear divergence in speculative positioning across major tokens. In terms of open interest, BSW, DRIFT and PROMPT are among the top gainers, with daily open interest rising by 61%, 58%, and 33%, respectively — signaling idiosyncratic, intraday interest in these assets. ALPACA, a BNB Chain asset, recorded over $55 million in short liquidations in the past 24 hours. That's the largest of any asset, according to CoinGlass data. The surge followed heavy short positioning after Binance’s delisting announcement a week ago, before a 550% price rally triggered widespread liquidations. Market Movements BTC is down 0.19% from 4 p.m. ET Tuesday at $94,915.28 (24hrs: unchanged) ETH is down 0.57% at $1,805.20 (24hrs: -1.48%) CoinDesk 20 is down 0.51% at 2,751.84 (24hrs: -1.27%) Ether CESR Composite Staking Rate is up 19 bps at 2.99% BTC funding rate is at 0.0008% (0.8377% annualized) on Binance DXY is up 0.19% at 99.43 Gold is down 1.16% at $3,278.15/oz Silver is down 1.64% at $32.36/oz Nikkei 225 closed +0.57% at 36,045.38 Hang Seng closed +0.51% at 22,119.41 FTSE is up 0.13% at 8,474.22 Euro Stoxx 50 is up 0.24% at 5,174.41 DJIA closed on Tuesday +0.75% at 40,527.62 S&P 500 closed +0.56% at 5,560.83 Nasdaq closed +0.55% at 17,461.32 S&P/TSX Composite Index closed +0.31% at 24,874.48 S&P 40 Latin America closed unchanged at 2,548.27 U.S. 10-year Treasury rate is down 5 bps at 4.17% E-mini S&P 500 futures are down 0.28% at 5,568.25 E-mini Nasdaq-100 futures are down 0.44% at 19,556.00 E-mini Dow Jones Industrial Average Index futures are down 0.22% at 40,596.00 Bitcoin Stats BTC Dominance: 64.54 (0.16%) Ethereum to bitcoin ratio: 0.01902 (-0.31%) Hashrate (seven-day moving average): 837 EH/s Hashprice (spot): $49.08 Total Fees: 6.17 BTC / $585,773.63 CME Futures Open Interest: 134,825 BTC BTC priced in gold: 28.9 oz BTC vs gold market cap: 8.19% Technical Analysis With bitcoin and most digital assets breaching key high-timeframe liquidity levels, a market pullback now appears likely. Solana, along with many altcoins, has broken its weekly market structure with a strong upward move that swept liquidity at $153 before facing rejection at the 100-day exponential moving average (EMA) level. Bulls will want the price action to print a higher low with the 100-day EMA on the weekly time frame sitting at $137, aligning with the weekly orderblock of demand. Crypto Equities Strategy (MSTR): closed at on Tuesday $381.45 (+3.3%), down 0.41% at $379.88 in pre-market Coinbase Global (COIN): closed at $206.13 (+0.42%) Galaxy Digital Holdings (GLXY): closed at $21.09 (-0.57%) MARA Holdings (MARA): closed at $14.22 (+1.5%), down 0.28% at $14.18 Riot Platforms (RIOT): closed at $7.42 (-2.75%), down 0.40% at $7.39 Core Scientific (CORZ): closed at $8.29 (+0.61%), down 0.48% at $8.25 CleanSpark (CLSK): closed at $8.44 (-1.52%), down 0.24% at $8.42 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $14.19 (-0.98%) Semler Scientific (SMLR): closed at $33.97 (-3.96%), up 4.95% at $35.65 Exodus Movement (EXOD): closed at $40.97 (-2.87%), up 2.49% at $41.99 ETF Flows Spot BTC ETFs: Daily net flow: $172.8 million Cumulative net flows: $39.16 billion Total BTC holdings ~ 1.15 million Spot ETH ETFs Daily net flow: $18.4 million Cumulative net flows: $2.50 billion Total ETH holdings ~ 3.44 million Source: Farside Investors Overnight Flows Chart of the Day Alpaca Finance (ALPACA) emerged as the top gainer on centralized exchanges with a price that's surged nearly 2,500% over the past seven days. The rally is driven by a significant short squeeze, following heavy short positioning in the wake of Binance’s April 24 delisting announcement. As a result, the token surged to a multiyear high of $1.375. While You Were Sleeping Telegram’s TON Takes On Real World Assets With Libre’s $500M Tokenized Bond Fund (CoinDesk): Libre plans to tokenize $500 million in Telegram debt as the Telegram Bond Fund (TBF) on the TON blockchain. BlackRock Looking to Tokenize Shares of Its $150B Treasury Trust Fund, SEC Filing Shows (CoinDesk): The new "DLT" shares are expected to be bought and held through BNY, which plans to use blockchain technology to keep a mirror record of ownership for its clients. SEC Delays Dogecoin and XRP ETF Decisions (CoinDesk): The SEC delayed decisions on the Bitwise DOGE ETF and the Franklin XRP Fund until June 15 and June 17, respectively. Investors Turn to Emerging Market Debt After Trump Tariffs Hit U.S. Treasuries (CNBC): As confidence in Treasuries as a safe haven weakens, Mexico, Brazil and South Africa could see more bond demand, said Carol Lye, citing yield premiums and potential currency appreciation. Chinese Investors Pile Into Gold Funds at Record Pace (Financial Times): China’s gold ETF holdings have doubled to 6% of the global total, with $7.4 billion in inflows this month accounting for more than half of global demand. Asia Hedge Funds Add Japan, India After Tariff Shock, Says Morgan Stanley (Reuters): Funds increased exposure to Japanese tech, industrials and materials while retreating from Chinese consumer shares, as global investors expect Washington to strike trade deals with Tokyo and New Delhi. In the Ether

By James Van Straten (All times ET unless indicated otherwise) Bitcoin (BTC) remains stuck near the $95,000 mark, apparently unfazed by the Canadian election result, which saw the crypto-friendly candidate for prime minister lose his seat. Key macroeconomic data due later this week could serve as a catalyst for bitcoin’s next move, with the standout being Friday’s non-farm payrolls report. In the meantime, the largest cryptocurrency is reaching a series of higher lows and lower highs, forming a symmetrical triangle consolidation pattern. This setup following a strong uptrend typically implies a continuation. A decisive breakout above $95,500 could spark the next leg higher, while a drop below support would indicate a potential reversal. On the technical front, bitcoin's hashrate, which has surged over recent months and is now about 10% away from its record, is beginning to decelerate. A downward difficulty adjustment of more than 5% is anticipated in four days and will provide some much-needed relief to miners, who have been grappling with hashprice levels near five-year lows. The week's macroeconomic data include personal spending and GDP growth figures on Wednesday, though Friday's jobs report takes center stage. Economists forecast a drop in new jobs to 135,000 during April, down from March’s 228,000 figure, which was the strongest in three months. The unemployment rate is projected to have held steady at 4.2%, underscoring a persistently tight labor market. The CME FedWatch Tool currently indicates a 91% probability of the Fed funds rate being held at at 4.25%–4.50% at the May 7 FOMC meeting. Also in the mix, earnings season is heating up, particularly among the “Magnificent Seven” tech stocks. Microsoft (MSFT) and Meta (META) report after the market close on Wednesday, followed by Apple (AAPL), Amazon (AMZN) and Strategy (MSTR) on Thursday. Stay alert! What to Watch Crypto: April 30, 9:30 a.m.: ProShares will debut three ETFs that will provide leveraged and inverse exposure to XRP: ​​the ProShares Ultra XRP ETF, the ProShares Short XRP ETF and the ProShares UltraShort XRP ETF. April 30, 10:03 a.m.: Gnosis Chain (GNO), an Ethereum sister chain, will activate the Pectra hard fork on its mainnet at slot 21,405,696, epoch 1,337,856. May 1: Coinbase Asset Management will introduce the Coinbase Bitcoin Yield Fund (CBYF), which is aimed at non-U.S. investors. May 1: Hippo Protocol starts up its own layer-1 blockchain mainnet built on Cosmos SDK and completes a migration from Ethereum’s ERC-20 HPO token to its native HP token, enabling staking and governance. May 1, 9 a.m.: Constellation Network (DAG) activates the Tessellation v3 upgrade on its mainnet, introducing delegated staking, node collateral, token locking and new transaction types to enhance network security, scalability and functionality. May 1, 11 a.m.: THORChain activates its v3.5 mainnet upgrade, adding the TCY token to convert $200 million in debt into equity. TCY holders earn 10% of network revenue, while native RUNE remains the protocol’s security and governance token. TCY activates May 5. Macro April 29, 10 a.m.: The U.S. Bureau of Labor Statistics releases March JOLTs report (job openings, hires, and separations). Job Openings Est. 7.5M vs. Prev. 7.568M Job Quits Prev. 3.195M April 29, 10 a.m.: U.S. House Financial Services Committee hearing titled “Regulatory Overreach: The Price Tag on American Prosperity.” Livestream link. April 30, 8 a.m.: Brazil’s Institute of Geography and Statistics (IBGE) releases March unemployment rate data. Unemployment Rate Prev. 6.8% April 30, 8 a.m.: Mexico's National Institute of Statistics and Geography releases (preliminary) Q1 GDP growth data. GDP Growth Rate QoQ Prev. -0.6% GDP Growth Rate YoY Prev. 0.5% April 30, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases (advance) Q1 GDP growth data. GDP Growth Rate QoQ Est. 0.4% vs. Prev. 2.4% April 30, 10 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases March consumer income and expenditure data. Core PCE Price Index MoM Est. 0.1% vs. Prev. 0.4% Core PCE Price Index YoY Est. 2.6% vs. Prev. 2.8% PCE Price Index MoM Est. 0% vs. Prev. 0.3% PCE Price Index YoY Est. 2.2% vs. Prev. 2.5% Personal Income MoM Est. 0.4% vs. Prev. 0.8% Personal Spending MoM Est. 0.6% vs. Prev. 0.4% Earnings (Estimates based on FactSet data) April 29: PayPal Holdings (PYPL), pre-market, $1.16 April 30: Robinhood Markets (HOOD), post-market, $0.33 May 1: Block (XYZ), post-market, $0.97 May 1: Reddit (RDDT), post-market, $0.02 May 1: Riot Platforms (RIOT), post-market, $-0.23 Token Events Governance votes & calls Uniswap DAO is voting on a proposal to renew the Uniswap Accountability Committee (UAC) for Season 4, extending its mandate until the end of 2025. Voting ends April 29. Balancer DAO is voting on allocating $250,000 worth of ARB to a multisig controlled by contributors to fund testing of new automated market maker (AMM) pool models. April 30, 2 a.m.: NEO to host an Ask Me Anything (AMA) session with its founder, Da Hongfei. April 30, 12 p.m.: Helium to host a community call meeting. May 5, 4 p.m.: Livepeer (LPT) to host a Treasury Talk session on Discord. Unlocks April 30: Optimism (OP) to unlock 1.89% of its circulating supply worth $24.75 million. May 1: Sui (SUI) to unlock 2.28% of its circulating supply worth $267.86 million. May 1: ZetaChain (ZETA) to unlock 5.67% of its circulating supply worth $12.10 million. May 2: Ethena (ENA) to unlock 0.73% of its circulating supply worth $13.44 million. May 7: Kaspa (KAS) to unlock 0.56% of its circulating supply worth $14.01 million. May 9: Movement (MOVA) to unlock 2.04% of its circulating supply worth $12.35 million. Token Launches April 29: MilkyWay (MILK) to be listed on Bybit. April 29: Virtual (VIRTUAL) to be listed on Binance.US. May 2: Binance to delist Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB), and Wing Finance (WING). May 5: Sonic (S) to be listed on Kraken. Conferences CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes. Day 3 of 4: Web Summit Rio 2025 Day 2 of 2: Staking Summit Dubai April 29: El Salvador Digital Assets Summit 2025 (San Salvador, El Salvador) April 29: IFGS 2025 (London) April 30-May 1: TOKEN2049 (Dubai) May 6-7: Financial Times Digital Assets Summit (London) May 11-17: Canada Crypto Week (Toronto) May 12-13: Dubai FinTech Summit May 12-13: Filecoin (FIL) Developer Summit (Toronto) May 12-13: Latest in DeFi Research (TLDR) Conference (New York) May 12-14: ACI’s 9th Annual Legal, Regulatory, and Compliance Forum on Fintech & Emerging Payment Systems (New York) May 13: Blockchain Futurist Conference (Toronto) May 13: ETHWomen (Toronto) Token Talk By Shaurya Malwa BNB Chain's Lorentz upgrade went live earlier Tuesday, boosting BNB token fundamentals by making the network faster and more efficient. The upgrade improved the way validators exchange data, making the process quicker and smoother to reduce delays and speed up transaction processing. It also added a method allowing validators to receive multiple blocks at once, instead of one by one. The time it takes to create a new block is reduced to about 1.5 seconds and could fall to as low as 0.75 seconds. Faster block times mean transactions are confirmed more quickly, making the network feel snappier for users. The update makes decentralized apps (dapps) like games or financial tools run faster and smoother. Developers can keep building apps the same way because the update doesn’t change how the network works with their code. A faster, more efficient network attracts more users and developers, which can increase demand for BNB and make it more valuable over time. Derivatives Positioning Total open interest (OI) across perpetuals, options and futures now stands at $122 billion globally, according to data from Laevitas. SUI has seen a sharp surge in derivatives activity, with its share of global perpetuals volume peaking at 5.06% ($7.12 billion) on April 25. It has since sustained volume dominance above 3.5%, significantly higher than its historical average of under 2%, suggesting renewed speculative appetite driven by recent project announcements. According to Coinalyze, the top OI gainers in the past 24 hours among tokens with market caps over $100 million are: SAFE: +123% RAY: +92% MOCA: +68% Market Movements: BTC is up 0.43% from 4 p.m. ET Monday at $95,009.93 (24hrs: +0.33%) ETH is up 2.81% at $1,838.46 (24hrs: +1.9%) CoinDesk 20 is up 0.85% at 2,792.69 (24hrs: -0.08%) Ether CESR Composite Staking Rate is up 28 bps at 2.975% BTC funding rate is at 0.0005% (0.5749% annualized) on Binance DXY is up 0.27% at 99.28 Gold is down 1.11% at $3,306.08/oz Silver is up 0.41% at $33.28/oz Nikkei 225 closed +0.38% at 35,839.99 Hang Seng closed +0.16% at 22,008.11 FTSE is up 0.16% at 8,430.89 Euro Stoxx 50 is unchanged at 5,168.63 DJIA closed on Monday 0.28% at 40,227.59 S&P 500 closed +0.06% at 5,528.75 Nasdaq closed -0.1% at 17,336.13 S&P/TSX Composite Index closed +0.36% at 24,798.59 S&P 40 Latin America closed +0.74% at 2,549.44 U.S. 10-year Treasury rate is down 6 bps at 4.21% E-mini S&P 500 futures are up 0.14% at 5,561.00 E-mini Nasdaq-100 futures are up 0.15% at 190557.75 E-mini Dow Jones Industrial Average Index futures are up 0.36% at 40,515.00 Bitcoin Stats: BTC Dominance: 64.24 (-0.24%) Ethereum to bitcoin ratio: 0.01928 (1.80%) Hashrate (seven-day moving average): 842 EH/s Hashprice (spot): $48.7 PH/s Total Fees: 6.98 BTC / $651,628 CME Futures Open Interest: 132, 750 BTC BTC priced in gold: 28.6 oz BTC vs gold market cap: 8.10% Technical Analysis Ether (ETH) is showing signs of recovery after reclaiming the value area (defined by the two blue dotted lines), suggesting a return to its high-volume price zone established since the October 2023 rally. The Point of Control (PoC) remains near $2,200, serving as a major magnet for price action and a critical bullish target. ETH is also approaching the 50-day exponential moving average (EMA), a potential inflection point that may spark volatility. The level is particularly notable because many altcoins have beaten ether to reclaim their 50-day EMAs. Importantly, price action has now broken above the descending trendline stemming from the December 2024 high, a key structural shift favoring bullish momentum. Upside targets include: $2,104 to confirm a higher high $2,200 (PoC), volume-weighted focal point $2,480 (200-day EMA), long-term resistance To maintain its bullish bias, ETH must hold above the lower boundary of the value area (~$1,745), or risk a return to bearish sentiment. Crypto Equities Strategy (MSTR): closed Monday at $369.25 (+0.15%), up 0.30% at $370.34 in pre-market Coinbase Global (COIN): closed at $205.27 (-2.08%), up 0.58% at $206.47 Galaxy Digital Holdings (GLXY): closed at $21.21 (2.81%) MARA Holdings (MARA): closed at $14.01 (-2.03%) Riot Platforms (RIOT): closed at $7.63 (-1.8%), up 0.39% at $7.66 Core Scientific (CORZ) closed at $8.24 (-0.84%), up 1.21% at $8.34 CleanSpark (CLSK): closed at $8.57 (-4.88%), up 0.12% at $8.58 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $14.33 (-1.58%) Semler Scientific (SMLR): closed at $35.37 (-3.99%), up 1.78% at $36.00 Exodus Movement (EXOD): closed at $42.18 (-7.30%), up 1.92% at $42.99 ETF Flows Spot BTC ETFs: Daily net flow: $591.2 million Cumulative net flows: $38.99 billion Total BTC holdings ~ 1.14 million Spot ETH ETFs Daily net flow: $64.1 million Cumulative net flows: $2.48 billion Total ETH holdings ~ 3.40 million Source: Farside Investors Overnight Flows Chart of the Day BTC dominates derivatives, with $32.97B in open interest (OI), over 40% of the total and more than double ETH’s $12.26B. Memecoins like DOGE, TRUMP, PEPE and FARTCOIN each exceed $480M in OI, outperforming many large-cap assets, showing the strength of memecoins within derivatives positioning. ETH + SOL combined ($16.11B) remain fall far short of BTC’s OI, underscoring bitcoin's continued derivatives supremacy. While You Were Sleeping Bitcoin-Friendly Poilievre Loses Seat as Carney's Liberals Win 2025 Election (CoinDesk): Conservative Leader Pierre Poilievre lost his Ottawa-area seat as Mark Carney’s Liberal Party won enough seats to form at least a minority government. Canadian Dollar Slips as Liberals Head for Only Narrow Victory (Bloomberg): Prime Minister Mark Carney faces pressure to ease Canada’s reliance on its southern neighbor as the currency remains sensitive to trade negotiations and U.S. tariff risks. DOJ Seeks 20-Year Sentence for Celsius Founder Alex Mashinsky (CoinDesk): Mashinsky pleaded guilty to deliberately misleading customers about the safety of their deposits while manipulating the CEL token for personal gain. Sentencing is set for May 8. Russia Hopes Warmer Weather Will Boost Flagging Spring Offensive (The Wall Street Journal): Ukrainian forces have stalled Russia’s advances this spring, but analysts warn warmer weather will harden ground and thicken cover, making future attacks harder to repel. Gold Prices Drop as Tariff Concerns Ease; US Data in Focus (Reuters): Growing risk appetite, supported by U.S. Treasury Secretary Scott Bessent’s statement that several major trading partners have made strong proposals, is reducing demand for gold. EU Faces Trade War on Many Fronts (Financial Times): European Commission President Ursula von der Leyen’s strategy is to negotiate with Trump, strengthen trade with other nations, and lower internal market barriers to support EU exporters. In the Ether

By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin's censorship-resistant, decentralized setup empowers individuals by facilitating peer-to-peer transactions without government interference or corporate control. You’ve probably heard that from a Bitcoin maxi many times. It's an idea that resonates even more strongly today in light of reports that President Donald Trump is exploring ways to remove Jerome Powell, the chair of the Federal Reserve, which is the world's most powerful central bank. National Economic Council Director Kevin Hassett talked about Trump's intentions Friday and markets responded early Monday by selling the dollar and the U.S. stock futures. The Dollar Index, which tracks the currency's exchange rate against major fiat currencies, slipped to a three-year low of 98.00 while gold touched new highs above $3,400 per ounce. Bitcoin rose past $87,000, confirming a bullish breakout from its recent sideways trading between $83,000 and $86,000 to suggest more gains ahead. The uptick saw gaming, AI and memecoins outshine other sectors of the crypto market, with smaller tokens like ENJ and MAGIC chalking out gains in excess of 50% in 24 hours. MANTRA still tanked 15%. "A weaker dollar could draw renewed attention from American investors, highlighting bitcoin's potential as a hedge against declining dollar value," said Matrixport, a crypto financial services platform. On-chain data warned of heightened volatility as prices potentially near the $90,000 mark. "Cost‑basis clusters show little overhead supply below that range, implying the market could advance quickly before a larger tranche of holders reaches break‑even and begins taking profit," analytics firm IntoTheBlock said in a Telegram post. In other news, Charles Shwab CEO Rick Wurster said the financial services firm is “hopeful and likely to be able” to support spot crypto trading within the next year. Wurster said that more and more clients are seeking information about crypto. Slovenia's Finance Ministry proposed a 25% tax on capital gains on profits from selling cryptocurrencies for fiat or spending tokens for goods and services. The tax is proposed to go into effect from 2026. Vitalik Buterin, a co-founder of the Ethereum blockchain, proposed replacing the Ethereum Virtual Machine (EVM) with RISC-V, an open-source instruction set architecture used to develop custom processors for a variety of applications. Buterin said the proposal address one of Ethereum's key scaling bottlenecks by dramatically improving the efficiency and simplicity of smart contract execution. Speaking of Ethereum, it briefly fell behind its chief rival, Solana network in terms of the total staked value of their respective native tokens, ETH and SOL. Uniswap founder Hayden Adam warned that Ethereum could fall behind Solana if it goes back to relying on the layer 1 bockchain instead of the layer-2 scaling products. In macro news, China said it will retaliate against countries that work with U.S. to isolate Beijing in the trade war started by Trump. Stay alert! What to Watch Crypto: April 21: Coinbase Derivatives will list XRP futures pending approval by the U.S. Commodity Futures Trading Commission (CFTC). April 25, 1 p.m.: U.S. Securities and Exchange Commission (SEC) Crypto Task Force Roundtable on "Key Considerations for Crypto Custody". April 29, 1:05 a.m.: BNB Chain (BNB) — BSC mainnet hardfork. April 30, 9:30 a.m.: ProShares expects its XRP ETF, offering exposure through futures and swap agreements, to begin trading on NYSE Arca. April 30, 10:03 a.m.: Gnosis Chain (GNO), an Ethereum sister chain, will activate the Pectra hard fork on its mainnet at slot 21,405,696, epoch 1,337,856. Macro April 21-26: World Bank (WB) and the International Monetary Fund (IMF) spring meetings take place in Washington. April 22, 8:30 p.m.: Statistics Canada releases March producer price inflation data. PPI MoM Prev. 0.4% PPI YoY Prev. 4.9% April 22, 6 p.m.: Fed Governor Adriana D. Kugler will deliver a speech titled "Transmission of Monetary Policy." April 23, 8 a.m.: Mexico’s National Institute of Statistics and Geography releases retail sales data. Retail Sales MoM Prev. 0.6% Retail Sales YoY Prev. 2.7% April 23, 9:45 a.m.: S&P Global releases (flash) U.S. April purchasing managers’ index (PMI) data. Composite PMI Prev. 53.5 Manufacturing PMI Prev. 50.2 Services PMI Est. 52.9 vs. Prev. 54.4 Earnings (Estimates based on FactSet data) April 22: Tesla (TSLA), post-market April 30: Robinhood Markets (HOOD), post-market May 1: Block (XYZ), post-market Token Events Governance votes & calls Aave DAO is discussing working with Ether.fi to create a custom Aave market on EVM layer 2 to “facilitate on-chain credit for everyday payments through the Ether.fi Cash credit card program.” April 23, 9 p.m.: Manta Network to host a townhall meeting with its founders. April 24, 8 a.m.: Alchemy Pay to host an Ask Me Anything (AMA) session on its 2025 roadmap. April 30, 12 p.m.: Helium to host a community call meeting. Unlocks April 22: Metars Genesis (MRS) to unlock 11.87% of its circulating supply worth $127.9 million. April 30: Optimism (OP) to unlock 1.89% of its circulating supply worth $22.78 million. May 1: Sui (SUI) to unlock 2.28% of its circulating supply worth $167.97 million. May 1: ZetaChain (ZETA) to unlock 5.67% of its circulating supply worth $10.57 million. May 2: Ethena (ENA) to unlock 0.73% of its circulating supply worth $12.12 million. Token Launches April 21: Balance (EPT) to be listed on Bitget Bybit, KuCoin, Gate.io, LBank, MEXC, BingX. April 22: Hyperlane to airdrop its HYPER tokens. April 22: BNB to be listed on Kraken. Conferences: CoinDesk's Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes. April 22-24: Money20/20 Asia (Bangkok) April 23: Crypto Horizons 2025 (Dubai) April 23-24: Blockchain Forum 2025 (Moscow) April 24: Bitwise's Investor Day for Bitcoin Standard Corporations (New York) April 26: Crypto Vision Conference 2025 (Manilla) April 26-27: Harvard Blockchain in Action Conference (Cambridge, Mass.) April 27: N Crypto Conference 2025 (Kyiv) April 27-30: Web Summit Rio 2025 April 28-29: Blockchain Disrupt 2025 (Dubai) April 28-29: Staking Summit Dubai April 29: El Salvador Digital Assets Summit 2025 (San Salvador) April 29: IFGS 2025 (London) Token Talk By Shaurya Malwa Bitget, a centralized crypto exchange, will reverse trades and compensate users due to "abnormal trading" in its perpetual futures market for VOXEL, a token linked to the Polygon-based RPG game Voxie Tactics. Early Sunday, VOXEL’s trading volume surged past bitcoin’s 24-hour volume — with the token’s value surging over 300% in a week — despite being only the 723rd-largest cryptocurrency by market cap. An X user claimed six-figure profits from a sub-$100 investment, attributing the surge to a potential bug in Bitget’s market-making robot,. The trade rollback will likely erase these gains. Bitget’s investigation revealed possible market manipulation by certain accounts, prompting the exchange to activate its risk-control system and plan a trade rollback within 24 hours. Affected users who incurred losses will receive compensation, and Bitget is continuing its investigation. Derivatives Positioning The market-wide futures open interest has climbed to $37.22 billion, the highest since March 24, according to Velo Data. The figure represents open interest in all coins listed on Binance, Bybit, OKX, Deribit and Hyperliquid. ETH is the best performing major token in terms of futures open interest growth, followed by BTC and LINK. Speaking of OI-adjusted cumulative volume delta, ETH also leads the pack with the highest positive reading, implying an influx of buying pressure in the market. On Deribit, BTC and ETH risk reversals for short- and near-dated expiries have flattened out, recovering from the recent persistent negative prints that represented bias for protective put options. Market Movements: BTC is up 3.19% from 4 p.m. ET Sunday at $87,270.44 (24hrs: +3.63%) ETH is up 2.54% at $1,631.90 (24hrs: +3.17%) CoinDesk 20 is up 0.8% at 2,268.01 (24hrs: +3.77%) Ether CESR Composite Staking Rate is up 47 bps at 2.47% BTC funding rate is at 0.0044% (4.776% annualized) on Binance DXY is down 1.11% at 98.26 Gold is up 2.04% at $3,395.65/oz Silver is up 1.12% at $32.89/oz Nikkei 225 closed -1.3% at 34,279.92 Hang Seng closed +1.61% at 21,395.14 FTSE is closed at 8,275.66 Euro Stoxx 50 is closed at 4,935.34 DJIA closed on Thursday -1.33% at 39,142.23 S&P 500 closed +0.13% at 5,282.70 Nasdaq closed -0.13% at 16,286.45 S&P/TSX Composite Index closed +0.36% at 24,192.81 S&P 40 Latin America closed +1.64% at 2,383.75 U.S. 10-year Treasury rate is unchanged at 4.33% E-mini S&P 500 futures are down 1.04% at 5,275.00 E-mini Nasdaq-100 futures are down 1.16% at 18,168.25 E-mini Dow Jones Industrial Average Index futures are down 0.92% at 38,969 Bitcoin Stats: BTC Dominance: 64% (0.23%) Ethereum to bitcoin ratio: 0.1873 (0.54%) Hashrate (seven-day moving average): 858 EH/s Hashprice (spot): $45.22 Total Fees: 5.48 BTC / $479,045 CME Futures Open Interest: 141,280 BTC BTC priced in gold: 25.7 oz BTC vs gold market cap: 7.2% Technical Analysis Bitcoin's breakout has set the stage for a continued move higher to $90,000. However, trading volume has dipped, suggesting low participation in the price recovery. A low-volume rally often ends up being short-lived. Crypto Equities Strategy (MSTR): closed on Thursday at $317.20 (1.78%), up 3.13% at $327.12 in pre-market Coinbase Global (COIN): closed at $175.03 (1.64%) up 1.4% at $177.49 Galaxy Digital Holdings (GLXY): closed at C$15.36 (-1.41%) MARA Holdings (MARA): closed at $12.66 (2.76%), up 2.69% at $13.00 Riot Platforms (RIOT): closed at $6.46 (1.57%), up 2.63% at $6.63 Core Scientific (CORZ): closed at $6.63 (0.61%), down 0.45% at $6.60 CleanSpark (CLSK): closed at $7.51 (3.16%), up 1.86% at $7.65 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $12.04 (1.09%), up 2.41% at $12.33 Semler Scientific (SMLR): closed at $32.49 (4.79%) Exodus Movement (EXOD): closed at $36.58 (-1.64%), up 2.1% at $37.35 ETF Flows U.S. equity markets were closed on Friday. Overnight Flows Chart of the Day XRP's short- and near-dated risk reversals continue to be priced negative, a sign of persistent demand for put options, which offer downside protection. While You Were Sleeping Pope Francis, Voice for the Poor Who Transformed the Catholic Church, Dies at 88 (CNN): The first Latin American pope died weeks after returning to public life following a life-threatening case of pneumonia. China Vows Retaliation Against Countries That Follow U.S. Calls to Isolate Beijing (CNBC): China said it will respond to U.S. tariff deals that undermine its interests, accusing Washington of "unilateral bullying" and warning it risks returning global trade to "law of the jungle." BNB, SOL, XRP Spike Higher as Bitcoin 'Digital Gold' Narrative Makes a Comeback (CoinDesk): Bitcoin’s correlation with U.S. equities appears to be weakening as its price increasingly tracks gold, which has held firm while stocks decline, according to LVRG Research’s Nick Ruck. Stablecoin Giant Circle Is Launching a New Payments and Remittance Network (CoinDesk): The fintech firm will unveil a new payments and cross-border remittance product on Tuesday. Over $380M Worth of Crypto Stolen During Bybit's $1.4B Hack Has Gone Dark (CoinDesk): The exchange's CEO said that 27.6% of the funds stolen by the North Korean Lazarus Group "flowed into mixers then through bridges to P2P and OTC platforms." Bitcoin's Breakout Signals BTC Potentially Rallying to $90K-$92K: Technical Analysis (CoinDesk): Bitcoin's price surged past $87,000, breaking out of a week-long consolidation between $83,000 and $86,000. The target range previously served as a strong support zone. In the Ether