Speculation has it that Donald Trump’s DeFi project, World Liberty Financial, has offloaded its ETH wallets as Ethereum crashes.
Ethereum has hit a 2-year low price and a 58.86% drop since the beginning of 2025. The recent price crash has left major institutions dumping their ETH as open interest decreases.
According to Crypto Rover on X (formerly Twitter), a wallet supposedly belonging to Donald Trump, World Liberty Financial has dumped its ETH at a loss.
Source: X
What’s next for ETH?
While the market crash punishes ETH hard, some analysts believe the King of altcoins could be brewing its rebound. Some have argued that it’s time to buy ETH at 2018 prices. ETH’s derivatives data, Total Value Locked (TVL), and whale activity hint at a strong foundation. The altcoin could be down, but not entirely out in the long run.
As institutional adoption rises, the crypto market could see a rebound fueled by new liquidity from traditional investors.
On the 8th of April,2025, Kranken partnered with Mastercard to bridge traditional finance and crypto assets. Kraken, one of the oldest, most liquid, and secure cryptocurrency platforms, secured this partnership in Paris, hoping to allow its users to spend their crypto assets to over 150 merchants globally.
According to David Ripley, the Kraken Co-CEO,
“Crypto is transforming the payments industry, and we envision a future where global commerce and everyday payments are powered by cryptoassets.”
So, what does this mean for the market?
Despite the recent market dip, this news is a reminder of how cryptocurrencies and blockchain technology go beyond speculative trading. While most crypto degens experience panic during bear markets, seeing digital assets for their real utility could instill long-term conviction while driving mass adoption.
Fartcoin has surged 20% in trading volume as open interest rises.
Fartcoin has faced renewed interest in the market as major cryptocurrencies face high price volatility. Over the last 24 hours, the meme-coin has surged 24% in price and was trading at $0.5722, at press time, per CoinMarketCap. On-chain metrics signal organic price growth based on low whale activity or price manipulation. The Solana meme-coin is showing strength as Wall Street bleeds more.
Open Interest (OI) Funding Rate turns positive
Looking at the current market sentiment, traders have unexpectedly shifted into buying this memecoin promising short-term gains. According to Coinglass, the OI-Funding Rate has turned positive in the past 48 hours, signalling trader optimism in Fartcoin’s bullish momentum.
Source: Coinglass
Looking at the technical indicators, Fartcoin’s moving averages flash a “strong buy” showing substantial buying pressure. With the Relative Strength Index (RSI) at 59, the memecoin is not yet overbought. This indicates more buying potential. However, one should be aware of the volatility in the meme-coin markets before making any moves.
What does the disconnect between President Trump’s claims and market sentiment suggest?
Popular prediction market, Polymarket, has predicted the chance of a U.S. recession as 61%, according to its latest update. However, the U.S president, Donald Trump, has kept his confidence in the U.S economy as indicated by his recent X (formerly Twitter) posts. Trump cites falling interest rates, low inflation, and strong tariffs as positive indicators of this.
Source: Polymarket
The contradiction in the market sentiment and Trump’s claims raises concerns about where the crypto and global finance stand in 2025.
Will the global market anxiety slow crypto growth?
A potential U.S recession could ripple across global economies, lowering investor confidence and digital asset demand while slowing trade. Traders could expect increased volatility in the crypto market over the next few weeks and months if global trade wars persist.
As traditional markets dip, fueled by recession fears, capital outflow from DeFi and blockchain projects is possible. This could plunge several altcoins. One should keep an eye on the progression of Trump’s trade tariffs for further insights.
The King of cryptocurrencies, Bitcoin, has found a strong support zone amid the current crypto market blood bath. BTC has faced significant price correction despite hitting $ 100k earlier this year. Per CoinMarketCap data, BTC was trading at $78.321k at press time.
With the global economy facing uncertainty and trade wars, traders wonder what’s next for Bitcoin as its price plunges.
The $ 74k-$70k zone is a strong support cluster
According to Glassnode data, traders hold over 175,000 BTC in the $74k-$70k zone, with the strongest pocket (50,000 BTC) sitting at $ 74.2k. Holders have been inactive since March 10, suggesting a “wait-and-see” sentiment. The $69.9k is another lower support band of Bitcoin’s cost basis, holding 68,000 BTC.
Source: Glassnode
Is it a Cooling-off period?
The King of crypto is trading below the Short-term holder (STH) cost basis of $89k. On-chain metrics suggest a historical cooling-off zone in bull markets. Market activity has decreased, with few new buyers. Traders seem to be waiting for a shift towards bullish market sentiment.
In a significant policy shift, President Donald Trump has announced the establishment of a US Crypto Reserve, which will include major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). This move underscores the administration’s commitment to positioning the United States as a leader in the digital asset space.
What is the US Crypto Reserve?
The US Crypto Reserve is a newly proposed initiative aimed at integrating cryptocurrencies into the nation’s strategic financial assets. By holding digital assets like Bitcoin, Ethereum, XRP, Solana (SOL), and Cardano (ADA), the government aims to solidify the country’s role in the evolving global digital economy.
The reserve is expected to serve multiple purposes, including:
Enhancing economic resilience by diversifying strategic financial assets.
Encouraging innovation and investment in blockchain technology.
Strengthening the US dollar’s position in the digital economy.
Key Highlights of the Announcement
Inclusion of Major Cryptocurrencies: Initially, President Trump directed the Presidential Working Group to develop a Crypto Strategic Reserve encompassing cryptocurrencies like XRP, Solana (SOL), and Cardano (ADA). He later confirmed that Bitcoin and Ethereum would also be integral components of this reserve.
Market Response: Following the announcement, the cryptocurrency market experienced notable surges. Bitcoin’s price rose by approximately 6.06%, reaching $89,359, while Ethereum saw a 1.36% increase, climbing to $2,253.
Trump Wants to Make the USA the Crypto Capital of the World
BREAKING:
🇺🇸TRUMPS JUST STATED THAT BITCOIN AND ETH WILL ALSO BE PART OF THE STRATEGIC RESERVE.
President Trump has made it clear that he wants to establish the United States as the global leader in cryptocurrency and blockchain technology. By integrating digital assets into the US financial system, his administration aims to:
Promote crypto-friendly regulations that encourage innovation and investment.
Attract top blockchain companies and investors to set up operations in the US.
Ensure that the US dollar remains competitive in a world where digital assets are gaining mainstream adoption.
Trump’s stance on cryptocurrency represents a stark contrast to previous administrations that took a more cautious regulatory approach. His vision includes creating a legal and financial ecosystem where cryptocurrencies can thrive alongside traditional financial institutions.
Implications of the US Crypto Reserve
The establishment of the US Crypto Reserve signifies a strategic effort to bolster the country’s position in the rapidly evolving digital economy. By incorporating leading cryptocurrencies, the administration aims to:
Support innovation and blockchain-based infrastructure.
Enhance financial inclusion for businesses and individuals.
Strengthen economic resilience through crypto-backed reserves.
Future Outlook
As the United States embarks on this initiative, it is anticipated that further details regarding the structure, governance, and operational aspects of the US Crypto Reserve will be unveiled. This development is poised to influence both domestic and global perspectives on cryptocurrency adoption and regulation.
Bitcoin Price Drops After Bybit’s $1.5 Billion Hack
A major security breach at Dubai-based exchange Bybit on February 21, 2025, has sent shockwaves through the cryptocurrency market, causing Bitcoin price to decline. Hackers stole approximately $1.5 billion worth of Ethereum (ETH) and related tokens, marking the largest crypto heist in history. This event has shaken investor confidence and raised concerns about the security of centralized exchanges.
How the Bybit Hack Happened
Hackers targeted Bybit’s Ethereum cold wallet, which is usually considered secure due to its offline storage. During a routine transfer to a warm wallet, they deployed a malicious smart contract that altered the transaction logic. This allowed them to transfer 401,347 ETH to their addresses.
The breach was made possible through phishing attacks and social engineering. By compromising key personnel’s credentials, the hackers bypassed multi-signature authentication, a critical security measure.
Impact on Bitcoin Price and the Crypto Market
Following the hack, the cryptocurrency market took a hit. Ethereum’s price dropped by over 3%, dipping below $2,700. Bitcoin price also declined due to heightened security concerns among investors. The total crypto market capitalization fell by 3% to around $3.1 trillion. Investors reacted with caution, leading to Bitcoin outflows of $571 million.
The hack intensified fears about risks in the crypto market, causing increased volatility across digital assets. Many traders moved to safer investments, impacting Bitcoin price trends.
Lazarus Group’s Involvement
Blockchain analysts have linked the Bybit hack to the Lazarus Group, a notorious North Korean state-sponsored hacking organization. The group is known for carrying out sophisticated cyberattacks on financial institutions and crypto exchanges.
Funds stolen from Bybit have been traced to addresses associated with previous Lazarus Group attacks. This discovery has led to renewed calls for stricter security measures and regulations in the crypto industry to prevent further market disruptions.
Bybit’s Response and Industry Reactions
Bybit CEO Ben Zhou reassured users that the platform remains solvent and that all client assets are fully backed. The exchange is working with blockchain forensic experts and law enforcement to recover the stolen funds. Additionally, Bybit has launched a recovery bounty program, offering up to 10% of the retrieved funds as a reward.
This incident has reignited debates over the security of centralized exchanges. It highlights the need for enhanced protective measures to safeguard users’ assets. As security threats evolve, exchanges must strengthen their defenses to maintain investor trust.
What’s Next for Bitcoin Price Stability?
As the market recovers from the Bybit hack, Bitcoin price remains under pressure. Security concerns play a crucial role in investor confidence, affecting Bitcoin price trends. Strengthening regulations and improving security measures could help stabilize the market in the long run.
Investors should stay informed and exercise caution, as cybersecurity threats continue to impact Bitcoin price and the broader cryptocurrency ecosystem.
