SCOOPIST

Ethereum Weakens as SEC Delays Grayscale’s ETF Approval

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U.S Securities and Exchange Commission has postponed Grayccale’s Ethereum ETFs while the coin approaches a critical support.

On April 14th, the U.S. Securities and Exchange Commission(SEC) released a notice citing the postponement of Grayscale’s Ethereum ETFs approval to the 1st of June. Following this notice, ETH has been facing significant bearish pressure as investors watch closely. Ethereum is trading at $1586 as of press time, per CoinMarketCap data.

According to technical analysis by Ali Martinez on X (formerly Twitter) Ethereum is breaking below its ascending triangle on the hourly chart.

With heavy pockets sitting below this level, liquidations could trigger more downside as bearish momentum persists. One should watch out for whale activity, trading volume and momentum at the $1550 level for further insights.

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Mantra(OM) CEO to Burn 100% of Team Tokens to Restore Trust

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Mantra CEO JP Mullin has announced a plan to burn 100% of the team allocation tokens to win back the trust of the project’s vast community.

April 15th—Mantra CEO JP Mullin has sparked debate in the crypto space regarding the team’s innocence in the recent OM token crash. In a surprising turn of events, Mullin has declared that he is planning a burning strategy for 100% of the team’s allocation tokens. According to his X(formerly Twitter) post:

The teams token allocation are actually vesting only starting in 2027, which is 30 months from mainnet launch (Oct. 24). I’m planning to burn all of my team tokens and when we turn it around the community and investors can decide if I have earned it back.

This follows allegations of insider trading and manipulations leading to massive liquidations of traders’ positions. However, according to Mullin’s recent interview:

We did not sell a single OM… The team also did not get liquidated… We don’t have leveraged positions on exchanges…we don’t do that.

He also stated that he will create a “comprehensive burn program” for other parts of the OM supply. Some crypto enthusiasts believe burning 100% of the team allocation could lower their morale.

However, Mullin’s announcement is a step towards desirable accountability and leadership in the crypto space.

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Chainlink(LINK) Faces Bearish Pressure at $12.5-What’s Next?

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Chainlink flashes signs of weakness as price fluctuates around the $12.5 zone. Will LINK break or make?

Chainlink price action suggests weak bullish momentum in the last 24 hours, as of press time. The altcoin has recently broken below multiple BOS (Break of Structure) and CHoCH ( Change of Character) levels, flashing bearish signals.

According to the analyst, BlockchainBaller on CoinMarketCap, traders are eyeing the $13 EQH (Equal High) as a resistance zone for LINK to break. If the bears pull strongly, Chainlink could retest the $11-$10 support and demand zone.

Following LINK’s technical setup, one should watch for the coin’s open interest, long-short ratio, and trading volume at the $12.5 zone. If Chainlink’s bulls step in with high buying pressure, the coin could see strengthened bullish momentum and break past $13, attempting a rally in the mid-term.

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Memecoin Mania:PumpFun and PumpSwap Hit $551.29 M 24H Volume

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The crypto meme coin frenzy could be back following all-green memecoin candlesticks on the charts and high trading volume in the past 7 days.

Meme coin hype could be crawling back in the crypto market as speculative trading gains renewed interest. In the past 7 days, memecoins flashed all-green candles on the charts with notable price surges, signalling a steady capital inflow.

According to Whale Insider, Pumpfun and PumpSwap platforms hit a combined new all-time high with $551.29 million in 24 hour trading volume.

So, what is driving the hype?

PumpFun and PumpSwap have made it easy for crypto enthusiasts to launch and trade their meme fantasies or ideas backed by an established Solana ecosystem and community. The availability of this tool at ease and the wide social media buzz around memes appeals to degen traders.

Additionally, the speed of on-chain transactions across the Solana ecosystem and affordable fees allow the launch of many memecoins on the platform in a single day, pushing the trading volume through the roof.

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Highest-ever Bitcoin Purchase in Q1-Corporations Bought 95,431 BTC!

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Corporate Bitcoin adoption is surging as companies buy 95,431 BTC in Q1, 2025, signalling heightened institutional confidence in crypto.

Bitcoin has found itself in the crypto spotlight on Tuesday, not only for hitting the $86k milestone, but also for the highest corporate acquisition in Q1 history over the years.

According to the latest report shared by Bitwise, institutions have recorded a total purchase of 95,431 BTC in Q1, 2025. Per the data, this marks BTC’s highest acquisition by large institutions in Q1 over the years.

Bitcoin saw its first stages of Corporate interest during the COVID-19 pandemic period, following Strategy’s (formerly Microstrategy) 21,454 BTC purchase in August 2020 at $ 250 M. From treasury diversification to balance sheet reserves, BTC is spreading its wings in corporate finance.

Bitwise has noted this surge as a sign of increased investor confidence post-ETF approvals and clearer regulatory policies.

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How to Leverage Real-World Assets(RWAs) in DeFi Protocols

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The tokenization of real-world assets (RWAs) presents opportunities for Decentralized Finance (DeFi) users to earn yield via blockchain protocols.

As of 2025, real-world assets such as real estate and bonds are finding their way into the decentralized finance (DeFi) ecosystem powered by blockchain technology. Property, treasury bills, and invoices are on the verge of tokenization for usage in DeFi protocols.

A recent report by Ripple Labs and BCG revealed that the tokenization market could hit $19 trillion by 2033.

So, where can you access and earn from RWAs

DeFi protocols like Centrifuge, MakerDao, and Goldfinch have pioneered the integration of RWAs in their Ecosystems. For instance, MakerDao allows users to earn yield via tokenized U.S. treasury bonds, enabling them to gain exposure to such investments in a decentralized manner.

Using blockchain protocols, real data on ownership and market trends in RWAs is available on-chain for users to access their assets at all times.

With the total value locked (TVL) on RWAs projected to grow exponentially over the next decade, it could be a high time for investors to consider this emerging asset class into the future.

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U.S to Consider Buying Bitcoin with Tarrif Revenue

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U.S Digital Assets Executive Director Bo Hines has revealed that the Trump administration may consider using tariff revenue to buy Bitcoin.

In an interview with the Pomp Podcast, the executive director of Trump’s Council of Advisors on Digital Assets, Bo Hines, has raised market enthusiasm regarding Bitcoin’s future. According to the Interview, the Trump administration is considering revenue from tariffs as capital to acquire more Bitcoin in addition to its reserves.

Bitcoin has surged 7.06% in the past 7 days, with its price fluctuating around $85,712 at press time, per CoinMarketCap Data. This is indicative of BTC’s strong momentum amid institutional and government support.

Trump’s meeting with pro-Bitcoin El Salvador’s President on 1the 4th of April has fuelled BTC’s bullishness as the market anticipates their cooperation in the advancement of Bitcoin adoption.

Crypto enthusiasts and Bitcoin maximalists are closely watching these developments and the Trump administration’s direction concerning BTC reserves.

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XRP:66.86% of Traders in Binance are Going Long!

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XRP bulls show strength as the Binance Exchange Long-to-Short ratio reaches 2.02. Does this mean more upside for the altcoin?

Over the past 24 hours, most XRP traders on the largest Exchange by trading volume, Binance, have signaled high conviction in XRP’s bullishness. At press time, XRP was trading at $2.17, a 1.66% price surge in the last 24 hours and 16.27% in the past week, despite a low trading volume in the past day.

Looking at the on-chain metrics, 66.86% of traders on Binance bet on XRP’s price uptrend, over 33.14% shorting the asset.

Why are traders betting on XRP’s Price upsurge?

XRP’s price rally could be fueled by the following reasons:

XRP ETFs are on the verge of approval.
Japanese banks are considering XRP for payments.
SWIFT integration with XRP is underway.
Ripple’s SEC case nears resolution.
Possible usage of XRP ledger on real-world asset (RWA) tokenization.

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Global Liquidity Projected to Rise-Is Crypto Next?

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Global Liquidity is surging, and historically, this suggests a potential bullish momentum for Bitcoin and the crypto market as a whole.

BTC price has flashed potential upside momentum in the past 24 hours, hitting $85,154 with a 37% rise in trading volume, at press time. The global liquidity index (GLI) measures the amount of “free-flowing money” existing in the global financial system. It reflects the overall ease of capital movement across markets and economies.

Looking at the charts, global liquidity is projected to rise, signalling that more capital could be available for investment in risky assets, including digital assets. Historical side-by-side comparison reveals that BTC follows the GLI movement.

According to Analyst Crypto Rover, global liquidity is projected to rise, potentially fuelled by government policies such as central banks lowering interest rates, balance sheet expansion, and Quantitative Easing(QE).

As more money becomes available, it could divert to the crypto market, starting with Bitcoin, toward altcoins. As a result, a bull rally could be on the cards in the next few months.

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Ethereum Eyes 17% Gains following SEC Options Approval

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The SEC approved options trading on spot Ethereum ETFs in the past week, boosting ETH’s mainstream adoption. Technical analysis suggests a potential 17% price surge.

U.S Securities and Exchange Commission has approved options trading for Ethereum ETFs in the past 5 days. This approval allows exchanges to list and facilitate trading options contracts on Ethereum exchange-traded funds(ETFs). Ethereum was hit hard by the tariff trade war, with its price dipping to a two-year low.

Following this development, Ethereum has gained investment appeal among large investors and has been recording heightened buying pressure. A recent observation by renowned analyst Ali Martinez reveals a potential 17% price surge in the next few days.

In the past week, the ETH price has been consolidating inside a symmetrical triangle pattern on the hourly chart. Per the analyst, the technical setup precedes a bullish rally, and Ethereum could surge 17% following a breakout above this triangle.

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