Connect with us
DAPA Banner

Crypto World

U.S. inflation data take center stage: Crypto Week Ahead

Published

on

Kraken's surprise Fed win may harken onslaught of crypto firms with narrow Fed access

Inflation returns to the center of attention this week, with a fresh inflow of data likely to shape expectations for U.S. interest rates and risk assets like bitcoin .

Thursday’s U.S. core PCE reading for February and Friday’s March CPI release will test the view that the Federal Reserve can afford to wait before cutting rates. Earlier this year, rate cuts looked almost certain. That has shifted. On Polymarket, odds of no rate cuts in 2026 climbed from about 2.9% in mid-January to 35.9%.

André Dragosch, head of research at Bitwise Europe, said on social media that bitcoin has been “pricing in a (U.S.) recession already” and has acted as a “canary in the coal mine,” falling below signals from financial conditions and forward-looking indicators.

Recent data complicates that view. The ISM Manufacturing Index surprised to the upside in March, suggesting the U.S. economy may be more resilient to higher oil prices than in past cycles.

Advertisement

Following the release, market-based recession odds for this year dropped from around 37% to 28%.

As bitcoin has priced in a storm, Dragosch noted that the risk-reward ratio for bitcoin “is significantly skewed to the upside.” Still, an unexpected escalation in the war in the Middle East could bring about the priced-in storm.

What to Watch

(All times ET)

  • Crypto
    • April 6, 12 p.m.: DeFi Dev Corp. (DFDV) to host a March 2026 recap and Ask Me Anything (AMA) session on X Spaces.
    • April 8: Stellar’s Yardstick protocol stable release to become available.
    • April 9: Aerodrome’s Flight School to conclude and merge with the Public Goods Fund to form the Momentum Fund.
    • April 9: Binance to migrate all DAI functionality to USDS.
  • Macro
    • April 6, 09:00 a.m.: U.S. ISM Services PMI for March est. 55 (Prev. 56.1)
    • April 7, 07:15 a.m.: U.S. ADP Employment Change Weekly (est. 10K)
    • April 7, 7:30 a.m.: U.S. Durable Goods Orders MoM for February est 04% (Prev. 0%)
    • April 7, 11:35 a.m.: Chicago Fed President and CEO Austan Goolsbee to participate in a conversation on economic and monetary policy.
    • April 8, 4:00 a.m.: Euro Area PPI YoY for February est. -1.9% (Prev. -2.1%); MoM est. 0.5% (Prev. 0.7%)
    • April 8, 1:00 p.m.: FOMC minutes from the March 17–18 meeting release.
    • April 9, 7:30 a.m.: U.S. Core PCE Price Index MoM for February est. 0.4% (Prev. 0.4%);
    • April 9, 7:30 a.m.: U.S. Personal Income MoM for February est. 0.3% (Prev. 0.4%); Personal Spending MoM est. 0.5% (Prev. 0.4%)
    • April 9, 7:30 a.m.: U.S. Q4 GDP Growth Rate QoQ (final) est. 0.7% (Prev. 4.4%)
    • April 9, 7:30 a.m.: U.S. Initial Jobless Claims for week ending April 4 est. 200K (Prev. 202K)
    • April 9, 8:30 p.m.: China CPI YoY for March est. 1.2% (Prev. 1.3%) ;MoM (Prev. 1%)
    • April 9, 8:30 p.m.: China PPi YoY for March est. 0.4% (Prev. -0.9%)
    • April 10, 7:30 a.m.: Canada Unemployment Rate for March (Prev. 6.7%)
    • April 10, 7:30 a.m.: U.S. CPI MoM for March est. 0.9% (Prev. 0.3%); Core CPI MoM est. 0.3% (Prev. 0.2%)
    • April 10, 7:30 a.m.: U.S. CPI YoY for March est. 3.4% (Prev. 2.4%); Core CPI YoY est. 2.7% (Prev. 2.5%)
    • April 10, 10:00 a.m.: U.S. University of Michigan Consumer Sentiment (Preliminary April) est. 52.5 (Prev. 53.3)
  • Earnings (Estimates based on FactSet data)

Token Events

  • Governance votes & calls
    • April 7: Kamino and xStocks to host an X Spaces session on tokenization.
    • Aave DAO is voting to adjust oracle configurations, reduce liquidation thresholds, and modify interest-rate models across its V2 markets to support their continued deprecation. Voting ends April 6.
    • Decentraland DAO is voting to require the DAO Council and Regenesis Labs to formally publish a 2030 definition of success and contingency plan. The proposal currently has support from voters. Voting ends April 6.
    • Balancer DAO is voting across two linked proposals to restructure operations with a reduced team and budget, and to revamp tokenomics by halting BAL emissions, discontinuing veBAL, routing all fees to the treasury, and offering a token buyback. Voting ends April 7.
    • CoW DAO is voting 85 to fix its solver rewards budget at 50% of protocol revenue, splitting it between performance and new consistency rewards. The proposal has overwhelming support and ends April 7.
    • ShapeShift DAO is voting to cut DFC compensation, saving ~$24k/year in FOX. It clarifies roles and mandates annual renewals. Voting ends April 8.
    • Arbitrum DAO is voting across two proposals to amend its Audit Program with a flexible alignment framework and an AI-security scan pilot, and to transfer 6,000 ETH and idle stablecoins to the Treasury Management Portfolio for yield generation. Voting ends April 9.
  • Unlocks
    • April 6: Hyperliquid (HYPE) to unlock 0.14% of its circulating supply worth $11.94 million.
    • April 8: Stable (STABLE) to unlock 4.14% of its circulating value worth $23.97 million.
    • April 9: Aptos to unlock 0.68% of its circulating supply worth $9.56 million.
  • Token Launches
    • April 9: OneFootball (OFC) token generation event to occur.

Conferences

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Crypto Liquidations Top $75 Million As Bitcoin Tests $70,000 For the First Time in April

Published

on

Bitcoin reclaimed above the $70,000 psychological level on Monday, testing levels last seen in March.

The move caught traders off-guard, especially the naysayers, blowing tens of millions in positions out of the water.

Bitcoin Briefly Tests $70,000, Liquidates Over $70 Million Short Positions

The move above $70,000 lasted only briefly, with the pioneer crypto trading for $69,743 as of this writing after recording an intra-day high of $70,283 on the Binance exchange.

Bitcoin Price Performance
Bitcoin Price Performance. Source: BeInCrypto

The move was abrupt, blowing out $71 million in short positions while nearly $4 million in positions were also liquidated. Total liquidations in the last hour reached $75 million.

According to data from Coinglass, 85,506 traders were liquidated over the past 24 hours, with total liquidations totaling $324.83 million.

Advertisement
Crypto Liquidations
Crypto Liquidations. Source: Coinglass

The move above $70,000 inspired bullish bets among Bitcoin traders, as the Weighted Volume Profile Pivot Points (WVPPP) indicator showed a strong bullish signal above the $70,000 psychological level.

Bitcoin Price Performance and WVPPP Indicator.
Bitcoin Price Performance and WVPPP Indicator. Source: TradingView

Looking at the above 4H BTC/USDT chart with the WVPPP indicator, above $70,000, the WVPPP bars thin out dramatically. Buy-side dominance runs 70–80% at current levels near $70,283, but participation drops fast above $70,500.

The $70,500–$71,500 range is a low-volume gap with minimal resistance. Sellers only clustered near the $71,961 high. Thin air fast moves likely in either direction.

The post Crypto Liquidations Top $75 Million As Bitcoin Tests $70,000 For the First Time in April appeared first on BeInCrypto.

Source link

Advertisement
Continue Reading

Crypto World

Bitcoin (BTC) price has room to rally, but there’s a catch: Crypto Daybook Americas

Published

on

CD20

By Omkar Godbole (All times ET unless indicated otherwise)

It’s risk-on again for markets after a Reuters report suggested a ceasefire plan between the U.S. and Iran could come into effect on Monday, potentially reopening the Strait of Hormuz.

Bitcoin has climbed over 4% over 24 hours to nearly $70,000, lifting sentiment across the broader market. The CoinDesk 20 Index and XRP (XRP) also added 4%, while ether (ETH) jumped over 5%, alongside a 3% gain in solana (SOL).

The tone is reinforced by bullish signals in the futures market, a continued decline in bitcoin’s 30-day implied volatility index, and a 0.8% gain in Nasdaq 100 futures.

Advertisement

Meanwhile, Michael Saylor, founder of Strategy — the world’s largest publicly listed bitcoin holder — hinted at another BTC purchase. The company already holds 762,099 BTC, underscoring its dominant reserve position and long-term accumulation strategy. The Organization of the Petroleum Exporting Countries (OPEC) agreed to increase oil output quotas by 206,000 barrels per day for May, a symbolic effort to relieve energy market stress.

Together, these point to potential for further upside in crypto.

But there’s a caveat. Recent ceasefire headlines citing unidentified sources have proven unreliable, often being debunked or outright rejected by Iran. If that pattern repeats, markets could quickly reverse course.

Another key question is whether any U.S.-Iran ceasefire would be binding on Israel. If not, the current risk-on sentiment may prove short-lived.

Advertisement

Notably, the latest ceasefire push is being described as a last-ditch effort to prevent the “massive strikes on Iranian civilian infrastructure,” President Donald Trump threatened over the weekend.

Meanwhile, the oil market continues to inject inflationary pressure into the global economy. Earlier today, Bloomberg reported that Saudi Arabia raised the price of its Arab Light crude for Asia-bound shipments in May to a record-high premium over Middle Eastern benchmarks.

Some observers warned that oil prices are nearing a danger zone. The 12-month rate of change in oil stands at 92%. Historically, a move to 100% has coincided with stock market collapses. Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today

Advertisement

What to Watch

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

  • Crypto
    • April 6, 12 p.m.: DeFi Dev Corp. (DFDV) to host a March 2026 recap and Ask Me Anything (AMA) session on X Spaces.
  • Macro
    • April 6, 09:00 a.m.: U.S. ISM Services PMI for March est. 55 (Prev. 56.1)
  • Earnings (Estimates based on FactSet data)

Token Events

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

  • Governance votes & calls
    • Aave DAO is voting to adjust oracle configurations, reduce liquidation thresholds, and modify interest-rate models across its V2 markets to support their continued deprecation. Voting ends April 6.
    • Decentraland DAO is voting to require the DAO Council and Regenesis Labs to formally publish a 2030 definition of success and contingency plan. The proposal currently has support from voters. Voting ends April 6.
  • Unlocks
    • April 6: Hyperliquid (HYPE) to unlock 0.14% of its circulating supply worth $11.94 million.
  • Token Launches

Conferences

For a more comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead“.

Market Movements

  • BTC is up 3.56% from 4 p.m. ET Friday at $69,805.19 (24hrs: +4.23%)
  • ETH is up 4.34% at $2,154.80 (24hrs: +5.42%)
  • CoinDesk 20 is up 3.78% at 1,977.26 (24hrs: +4.06%)
  • Ether CESR Composite Staking Rate is unchanged at 2.69%
  • BTC funding rate is at 0.0058% (6.3400% annualized) on Binance
CD20
  • DXY is down 0.11% at 99.91
  • Gold futures are up 1.60% at $4,726.10
  • Silver futures are up 1.00% at $73.46
  • Nikkei 225 closed up 0.55% at 53,413.68
  • Hang Seng closed down 0.70% at 25,116.53
  • FTSE 100 closed on Thursday up 0.69% at 10,436.30
  • Euro Stoxx 50 closed down 0.70% at 5,692.86
  • DJIA closed down 0.13% at 46,504.67
  • S&P 500 closed up 0.11% at 6,582.69
  • Nasdaq Composite closed up 0.18% at 21,879.18
  • S&P/TSX Composite closed up 0.46% at 33,108.20
  • S&P 40 Latin America closed up 4.26% at 3,623.86
  • U.S. 10-Year Treasury rate is down 1 bps at 4.31%
  • E-mini S&P 500 futures are unchanged at 6,644.00
  • E-mini Nasdaq-100 futures are unchanged at 24,370.25
  • E-mini Dow Jones Industrial Average futures are unchanged at 46,779.00

Bitcoin Stats

  • BTC Dominance: 59.02% (unchanged)
  • Ether to bitcoin ratio: 0.030877 (1.02%)
  • Hashrate (seven-day moving average): 954 EH/s
  • Hashprice (spot): $31.75
  • Total Fees: 1.61 BTC / $108,359
  • CME Futures Open Interest: 106,600 BTC
  • BTC priced in gold: 14.9 oz
  • BTC vs gold market cap: 4.66%

Technical Analysis

WTI oil price in the upper pane and the 12-month rate of change in the lower pane. (WTI oil's 12-month rate of change. (Jack Prandelli)
  • The chart shows swings in WTI oil’s price since 1986 in the upper pane. The lower pane shows the 12-month rate of change (ROC).
  • Historically, whenever the ROC rises to 100%, stock markets have collapsed. And now, the ROC is approaching that marker again.
  • “Every major market crash since 1987 was preceded by one signal,” Jack Prandelli, a commodity market analyst and author of the Substack-based Merchant’s News said on X.

Crypto Equities

  • Coinbase Global (COIN): closed on Friday at $171.46 (–0.88%), +3.80% at $177.97 in pre-market
  • Galaxy Digital (GLXY): closed at $17.64 (+1.55%), +2.44% at $18.07
  • MARA Holdings, Inc. (MARA): closed at $8.71 (+8.33%), +3.10% at $8.98
  • Riot Platforms, Inc. (RIOT): closed at $12.86 (+2.47%), +2.49% at $13.18
  • Core Scientific, Inc. (CORZ): closed at $16.23 (+6.08%), +1.79% at $16.52
  • CleanSpark, Inc. (CLSK): closed at $8.79 (+1.97%), +3.30% at $9.08
  • Exodus Movement, Inc. (EXOD): closed at $6.10 (–8.68%)
  • CoinShares Bitcoin Mining ETF (WGMI): closed at $35.76 (+2.58%)
  • Bullish (BLSH): closed at $36.37 (+3.71%), +2.06% at $37.12
  • Circle Internet Group (CRCL): closed at $90.26 (–0.53%), +4.20% at $94.05

Crypto Treasury Companies

  • Strategy (MSTR): closed at $119.83 (–2.40%), +4.04% at $124.67
  • SharpLink (SBET): closed at $6.19 (–4.18%), +4.52% at $6.47
  • Strive Asset Management (ASST): closed at $9.75 (–4.04%), +3.59% at $10.10
  • Upexi (UPXI): closed at $0.98 (–1.32%), +3.59% at $1.01
  • Lite Strategy (LITS): closed at $1.12 (–0.88%)

ETF Flows

Spot BTC ETFs

  • Daily net flows: $9 million
  • Cumulative net flows: $55.93 billion
  • Total BTC holdings ~1.29 million

Spot ETH ETFs

  • Daily net flows: -$71.2 million
  • Cumulative net flows: $11.51 billion
  • Total ETH holdings ~5.68 million

Source: Farside Investors

While You Were Sleeping

Source link

Continue Reading

Crypto World

China urges banks to adopt blockchain for tax data sharing and credit access

Published

on

China urges banks to adopt blockchain for tax data sharing and credit access

China’s regulators are pushing for banks to upgrade the “bank-tax interaction” model in a bid to expand financing for small businesses.

Summary

  • China has urged banks to upgrade the bank tax interaction model using blockchain and shared data to improve financing access for small businesses.
  • Authorities are pushing for better credit models and faster approvals, with a focus on extending loans to compliant and tax paying enterprises.

According to a policy notice issued by the State Administration of Taxation and the National Financial Regulatory Administration, banks and taxpayers should standardize data sharing to reduce information asymmetry between tax authorities, banks, and enterprises.

Further, the agencies suggested improving credit models, enhancing approval efficiency, and increasing the supply of financing services to “honest, tax-paying enterprises.”

Advertisement

China published a National Development and Reform Commission roadmap in January 2025 that directed the integration of blockchain into data infrastructure, with nationwide implementation expected by 2029.

Key officials like Shen Zhulin, deputy director of the National Data Administration, believe the initiative could attract around 400 billion yuan (about $58 billion) in yearly investments.

Meanwhile, in 2019, Chinese President Xi Jinping called blockchain a “breakthrough” and urged its integration into the real-world economy; subsequently, China expanded the country’s first blockchain-based electronic invoice system through the Shenzhen Tax Bureau.

Advertisement

China’s anti-crypto push

Despite backing blockchain development, China has remained strict on cryptocurrencies and speculative digital asset trading.

In 2021, authorities issued a joint circular effectively imposing a nationwide ban on crypto transactions and mining

More recently, in February 2026, regulators expanded this framework to explicitly cover stablecoins and tokenized real-world assets, requiring prior approval for any RMB-pegged stablecoin issuance and warning that unlicensed tokenization activities will be treated as illegal financial operations.

Advertisement

Source link

Continue Reading

Crypto World

A critical turning point for cryptocurrency investors

Published

on

Quantum Computing is approaching: A critical turning point for cryptocurrency investors - 2

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Quantum computing advances raise concerns over crypto security and volatility for major assets.

Advertisement

Summary

  • Quantum computing advances raise concerns over crypto security and volatility, reshaping investor strategies
  • AI-driven trading gains momentum as investors seek to navigate increasingly complex crypto market conditions
  • ConfluxCapital promotes automated trading bots, highlighting high daily earning potential amid market volatility

Amidst continuous breakthroughs in quantum computing, the cryptocurrency market is entering a phase characterized by heightened complexity and uncertainty. Mainstream assets — exemplified by Bitcoin and Ethereum — may face a dual challenge in the future, grappling with issues of both security and volatility.

Given this trend, relying solely on manual trading has become increasingly inadequate for keeping pace with market dynamics; consequently, AI-driven automated quantitative trading is emerging as the preferred choice for a growing number of investors. Taking the ConfluxCapital fully automated quantitative trading bot as an example, its core advantages and operational steps are outlined below.

Quantum Computing is approaching: A critical turning point for cryptocurrency investors - 2

Core advantages: Why choose AI quantitative trading?

First and foremost, the most significant advantage lies in “24/7 Operation.” The system enables uninterrupted market monitoring around the clock — 24 hours a day, 7 days a week — eliminating the need for manual market surveillance and ensuring that no potential trading opportunities are missed. This is particularly critical in the cryptocurrency market, an environment that never closes.

The second advantage is “Execution Speed ​​and Precision.” Quantitative systems can complete data analysis and execute trading decisions within milliseconds — a distinct advantage over manual trading. When the market experiences extreme volatility — such as that potentially triggered by expectations surrounding quantum computing — this difference in speed often directly determines the ultimate profit or loss outcome.

Advertisement

The third advantage is “Emotional Detachment.” Manual trading is often susceptible to the influence of emotions such as fear and greed; AI systems, however, operate entirely based on data and algorithms. This allows them to maintain consistent strategy execution even during extreme market conditions, thereby preventing irrational decision-making.

Furthermore, these platforms typically possess “Multi-Strategy Synergy Capabilities.” By combining various quantitative models, the system can flexibly switch between strategies to adapt to different market regimes, whether ranging, trending upward, or trending downward, thereby enhancing the stability of overall returns.

Finally, there is the “Intelligent Risk Management System.” The system automatically adjusts position sizing and risk exposure in response to market fluctuations, minimizing drawdown risk as much as possible within highly volatile environments. This feature will be particularly vital in mitigating the potential market shocks that may arise from future advancements in quantum computing.

From a practical operational standpoint, the entire participation process is relatively simple and straightforward:

Advertisement

Step 1: Account Registration

Visit the ConfluxCapital platform, complete the basic information registration, and set up a personal trading account.

(Sign up now and receive a $20 bonus)

Step 2: Capital Preparation

Advertisement

Determine an appropriate capital allocation based on personal circumstances, then deposit funds into your account to support the subsequent execution of trading strategies.

Step 3: Strategy Selection or Bot Activation

Select a quantitative strategy that aligns with risk tolerance, or directly activate a fully automated trading bot to initiate system operations.

Step 4: Automated Trade Execution

Advertisement

The platform will analyze real-time market data to automatically execute buy and sell orders, requiring no manual intervention.

Step 5: Profit Management and Compound Growth

Users can monitor their earnings at any time and, as needed, choose to withdraw profits or reinvest them to facilitate long-term capital growth.

Strategy Name unit price Days Total Revenue
Starter Strategy $100 2 days $100+$6
Basic Strategy $600 5 days $600+$45
Advanced Strategies $5,000 15 days $5,000+$1,215
Elite Strategy $25,000 25 days $25,000+$11,250
Quantum Strategy $90,000 20 days $90,000+$36,000
Infinite Strategy $200,000 25 days $200,000+$110,000

A critical juncture: Why act early?

We are currently at an extremely critical stage: while quantum computing has not yet fully disrupted cryptographic systems, the pace of its development is already accelerating rapidly. This implies that there is still room to capitalize on market opportunities — though this window of opportunity is gradually narrowing.

Advertisement

By leveraging ConfluxCapital’s fully automated, free trading bot, users can capitalize on current market volatility to unlock a potential daily earning capacity of up to $5,000. Compared to the potentially more complex and volatile market environments that may lie ahead, now could be the most advantageous time to get involved.

Conclusion

When technological change arrives, the market never waits for the hesitant.

Against the backdrop of the continuous advancement of quantum computing, the landscape of cryptocurrency investment is undergoing a profound transformation.

Opting for more efficient tools, and adapting to future trends ahead of the curve, may well be the pivotal step toward seizing certain opportunities amidst an era of uncertainty.

Advertisement

For more information, visit the official website or download the application.

Email: [email protected]

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

Advertisement

Source link

Advertisement
Continue Reading

Crypto World

Is There a Breakout for LINK to $27?

Published

on

Crypto Breaking News

Key Takeaways

  • The number of Chainlink whale wallets holding more than 1 million LINK has increased by 25% year over year.
  • Tighter LINK supply from institutional involvement is pushing prices higher.
  • LINK is trading within a range but may be ready to break out to $27.

Accumulation of Whales Points to Building Confidence

The whales have shown strong activity around Chainlink’s coin in the last year, indicating growing confidence in this asset.

According to statistics, the number of addresses holding at least one million LINK has risen from 100 in April 2025 to 125 in April 2026, a 25% increase.

Although whales have been accumulating LINK tokens, prices have not responded positively.

However, accumulation by whales is generally a positive long-term outlook as opposed to short-term speculation and price increases.

Institutional Adoption Narrows Supply-Demand Dynamics

Other than whale actions, institutional adoption has become key in dictating Chainlink’s future prospects. The Chainlink Reserve fund has increased consistently by over 137,000 LINK tokens worth about $1.17 million. The total amount held in the reserve fund stands at over 2.93 million LINK tokens, thus decreasing the amount of LINK in circulation.

Advertisement

Moreover, Chainlink’s platform infrastructure keeps gaining traction among enterprises. Applications using Chainlink’s oracle technology are providing fee revenues, thus boosting the ecosystem’s operations. Specifically, token distribution and stablecoin distribution applications are providing enhanced liquidity and higher demand for LINK tokens.

The development of data-based platforms has led to more growth. More transactions have been seen in data feeds and oracle networks, leading to billions of dollars worth of trading volumes with thousands of active users.

Imminent Breakout Hints at Price Consolidation Point

Technically speaking, LINK has been consolidating around $8-$9.40 during the last few weeks after early February.

The period of consolidation means uncertainty in the market when neither bulls nor bears fully control the situation.

Advertisement

Nonetheless, the creation of a slanting resistance trend line means that the price might soon break out. Currently, the MACD is mildly bearish but the declining red histogram hints that selling strength is fading away.

In general, past history has shown that similar consolidation points have usually been followed by a breakout towards new highs in LINK’s price action. Prior times in which the asset experienced such a consolidation phase ended up in substantial rallies once the resistance was breached.

A potential breakout from the slanting resistance trend line will probably increase the bullish activity as well as the ongoing accumulation among whales.

Will LINK Return to $27?

The $27 level is a crucial resistance point for Chainlink. Although the price currently stands well below this level, it should be noted that there is nothing theoretically stopping LINK from reaching these heights.

Advertisement

Breaking out of the current consolidation pattern with the help of continued accumulation by whales and institutions would trigger the beginning of an uptrend. Nevertheless, traders must keep in mind other elements, including the state of the cryptocurrency market and the economy as a whole.

Chainlink is currently at an important crossroads, with whales accumulating and institutions adopting the project, but its price failing to rise correspondingly. It is clear that the limited supply and expanding network serve as a great starting point.

Although LINK appears to be in a range-bound situation, it should not be forgotten that technical analysis points toward an eventual breakout. If the momentum rises, achieving new price levels—including $27—becomes a possibility.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Advertisement

Source link

Continue Reading

Crypto World

Will Solana rally to $93 despite mixed derivatives sentiment

Published

on

Will Solana rally to $93 despite mixed derivatives sentiment

Solana (SOL) is trading just above $82 at the time of writing on Monday, marking its fourth consecutive day of recovery. While funding rates for SOL futures have climbed, a simultaneous drop in Open Interest suggests sentiment remains divided. From a technical perspective, the 50-day Exponential Moving Average (EMA) at $88.80 stands out as the key resistance level to watch.

Derivatives signal optimism, but participation declines

Market data points to rising bullish positioning among traders, even as overall participation in SOL futures contracts declines. According to CoinGlass, the OI-weighted funding rate has increased to 0.0067% from 0.0042% on Sunday, indicating that long-position traders are willing to pay a premium—typically a sign of growing confidence in further upside.

However, this optimism is not fully supported by market activity. Open Interest in SOL futures has dropped to $4.97 billion from $5.07 billion on Friday, signaling a reduction in total capital committed to the market. This divergence—rising funding rates alongside falling Open Interest—highlights a mixed sentiment, where bullish bias exists but conviction appears limited.

Institutional demand remains soft

On the institutional side, demand for Solana continues to show weakness. Data from Sosovalue reveals that SOL-focused exchange-traded funds (ETFs) recorded net weekly outflows of $5.24 million, marking a second straight week of withdrawals. If this trend persists, it could represent the longest streak of weekly outflows so far, potentially adding downward pressure to SOL’s spot price in the near term.

Advertisement

Will Solana extend its recovery to $93?

The SOL/USD 4-hour chart is bullish and inefficient, with the coin up by nearly 4% in the last 24 hours. At press time, SOL is trading at $82.50 per coin. 

The near-term bias is mixed as SOL holds well below the 50-day and 100-day Exponential Moving Averages, keeping a broader corrective structure.

The momentum indicators have also switched bullish, with further gains in the near term. The Moving Average Convergence Divergence (MACD) line remains above its signal line, signaling persistent buying pressure. 

The Relative Strength Index (RSI) at 60 is above the neutral 50, signaling a growing bullish momentum.

Advertisement

If the rally persists, Cardano would meet an immediate resistance at the 50-day EMA near $88.81, which caps rebounds and guards a stronger move toward $98.02, close to the 100-day EMA at $102.18.

SOL/USD 4H Chart

However, if the sellers regain control, the support zone between $75.63 and $77.60 could serve as a bounce-back spot. An extended selling pressure would bring into focus the February 6 low at $67.50.

Advertisement

Source link

Continue Reading

Crypto World

China’s Tax Authority Urges Bank Blockchain Implementations for Lending

Published

on

China's Tax Authority Urges Bank Blockchain Implementations for Lending

China’s tax and financial regulators on Monday urged banks and local authorities to use blockchain and privacy computing to upgrade the “bank-tax interaction” model and expand financing for small businesses.

The State Administration of Taxation and National Financial Regulatory Administration said in a joint policy notice that banks and taxpayers should standardize data sharing and reduce information asymmetry between tax authorities, banks and enterprises.

The report also urged banks to improve credit models, enhance credit approval efficiency and increase the supply of financing services to “honest, tax-paying enterprises.”

The directive aligns with China’s broader effort to integrate blockchain into data infrastructure, following a National Development and Reform Commission roadmap released in January 2025 targeting nationwide implementation by 2029.

Advertisement

Shen Zhulin, the deputy director of the National Data Administration, said in a January 2025 press conference that China expects blockchain-based data infrastructure to attract 400 billion yuan (about $58 billion) in yearly investments.

A machine translation of a joint notice from Chinese regulators. Source: Shanghai Municipal Tax Service

Chinese regulators outline data infrastructure push with 400 billion yuan target

While China has issued strict controls on cryptocurrencies and speculative digital asset trading, it also pushed for the incorporation of blockchain initiatives in finance and data infrastructure.

In October 2019, Chinese President Xi Jinping highlighted the technology as an important “breakthrough” for independent innovation of core technologies, urging the acceleration of the development of blockchain-based applications and their integration in the real-world economy.

Related: Trump: US has to ‘make it so that China doesn’t get the hold‘ of crypto

In April 2021, the Shenzhen Tax Bureau expanded the country’s first blockchain electronic invoice system.

Advertisement

However, in September that same year, China issued a nation-wide ban on crypto transactions and mining as part of a wider crackdown across multiple government agencies.

Top Bitcoin mining countries by hashrate. Source: Compass Mining

Despite the ban, China is still cited as the third-largest Bitcoin (BTC) mining country. In January 2026, it accounted for 11.7% of the global hashrate, according to data from Compass Mining.

Magazine: China’s ‘50x’ blockchain boost, Alibaba-linked AI mines Bitcoin: Asia Express