Day

April 8, 2025

Bitcoin price could rally even as global trade war rages on — Here is why

April 8, 20250
Crypto and equities traders were hopeful for a last-minute solution that would prevent the US from enacting 104% tariffs on Chinese goods entering the United States, but in a press conference, the White House confirmed that the tariffs would start on April 9. Markets deteriorated when Peter Navarro, trade adviser to US President Donald Trump,...

RedStone targets trading latency with new oracle on MegaETH

April 8, 20250
RedStone, a blockchain oracle provider, has introduced a push-based oracle on MegaETH to tackle latency issues that challenge the efficiency of onchain trading.According to a spokesperson for RedStone, the new oracle can push new prices onchain every 2.4 milliseconds. Initially debuting on MegaETH, an Ethereum layer-2 network, the product may be rolled out to additional...

Cboe BZX files to list Canary's SUI ETF

April 8, 20250
Cboe BZX Exchange has asked United States regulators for clearance to list an exchange-traded fund (ETF) backed by Sui (SUI), the native token of the Sui Network, public filings show. The request submitted on April 8 must be reviewed and approved by the US Securities and Exchange Commission (SEC) before the exchange can list any shares...

Weaker yuan is 'bullish for BTC' as Chinese capital flocks to crypto — Bybit CEO

April 8, 20250
With US President Donald Trump imposing 104% tariffs on Chinese imports, Beijing is responding by letting the yuan weaken against the dollar — a move that analysts say could spark the next leg of the Bitcoin bull market.On April 8, the yuan-to-US dollar exchange rate fell to its lowest level since 2023, signaling the Chinese...

Bitcoin weekly RSI hits bull market low as trader sees $70K BTC price bottom

April 8, 20250
Bitcoin (BTC) has a new $70,000 reversal target as a leading indicator sets new bull market lows.In X analysis on April 7, popular trader and analyst Rekt Capital predicted that BTC/USD could find its floor near old all-time highs from 2021.History suggests $70,000 should end BTC price dipBitcoin can dip as low as $70,000 before...

BlackRock taps Anchorage Digital for digital asset custody

April 8, 20250
Asset manager BlackRock is partnering with Anchorage Digital for crypto custody services, a move aimed at addressing the rising demand for digital assets from retail and institutional investors.According to an April 8 announcement, BlackRock is the world’s largest investment firm, with $11.6 trillion in assets under management. The company ranks among the largest providers of...

Ethereum price data highlights $1,000 as the final bottom for ETH

April 8, 20250
Ether (ETH), the native token of Ethereum, is showing signs of bullish exhaustion after a steep 65% decline over the past three months. The pace of the downtrend and the oversold conditions shown by various ETH price metrics have investors wondering if a market bottom is approaching.ETH fractals point to a drop to $1,000Ether’s current...

Gaming NFT maker Aavegotchi votes to ditch Polygon for Base

April 8, 20250
Aavegotchi, a non-fungible token (NFT) protocol focused on Web3 gaming, has opted to abandon blockchain network Polygon and “go all-in” on Base, an Ethereum layer-2 scaling chain, according to the results of an onchain vote. On April 8, Aavegotchi’s community members voted 93.5% in favor of a proposal to “Make Aavegotchi Based Again” by deprecating the...

Bitcoin futures divergences point to transitioning market — Are BTC bulls accumulating?

April 8, 20250
Bitcoin’s (BTC) price has dropped 5.6% over the past seven days, closing three daily candles below the $80,000 support for the first time since Nov. 9, 2024. Data from Glassnode highlighted Bitcoin witnessing a 64% rise in futures volume during the same period. The analytics platform said that “this marks a reversal from the past...

Bitcoin relief rally fizzles as White House confirms 104% China tariffs — Will BTC fall to new lows?

April 8, 20250
Bitcoin’s surprise rebound to $81,180 — which was influenced by fake news regarding a pause on US tariffs — has all but evaporated following White House confirmation that 104% tariffs on China will take effect today at 12:01 am on April 9.S&P 500 drops intra-day gains follow White House tariff confirmation. Source: X / Kobeissi...
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