Crypto World
Charles Schwab, Citadel eye prediction markets expansion move
Charles Schwab has shown interest in entering prediction markets as part of its wider product review. Chief executive Rick Wurster told investors that the company is considering whether to offer such services in the future.
Summary
- Schwab considers prediction markets but excludes sports, politics, and entertainment-related betting products.
- Citadel Securities monitors prediction markets growth but notes low liquidity limits current participation plans.
- Both firms see potential in event contracts for hedging financial and portfolio-related risks.
Wurster said prediction markets were “not of tremendous interest” among some clients when discussed recently.
He also noted that Schwab would “take a hard look at” the sector and described the setup as “quite straightforward” to introduce if the firm moves ahead.
Schwab has stated that any potential offering would avoid sports, politics, and pop culture. The firm aims to remain focused on investment services linked to long-term financial planning.
Wurster said prediction products outside that scope would not be pursued. He added that “people generally lose money” in gambling-style markets, which supports the firm’s approach of limiting exposure to speculative areas.
In addition, Citadel Securities has also expressed interest in the development of prediction markets. President Jim Esposito said the company is “absolutely keeping an eye on developments,” while noting that activity levels are still limited.
Esposito added that it is “certainly possible” Citadel could take part in the future. However, he said the firm is “not there yet” due to low liquidity in current platforms, suggesting that broader participation depends on market growth.
Event Contracts Viewed as Potential Tool
Citadel has shown more interest in event-based contracts linked to financial risks rather than entertainment or sports outcomes. The firm sees possible use in areas such as election-related contracts that may affect market behaviour.
Esposito said such contracts could offer a “clean and distinct way” for investors to manage risk. He also said there is “a good use case and industrial logic” for these tools as clients look for ways to hedge specific exposures.
Crypto World
Federal Reserve Reports Third Straight Loss as Interest Costs Outpace Earnings
TLDR:
- The Federal Reserve recorded an $18.7 billion loss in 2025, marking its third consecutive year in the red.
- Rising interest payments on reserves and reverse repos continue to exceed income from bond holdings.
- Losses peaked in 2023 and narrowed by 2025, signaling a gradual shift as rate pressures stabilize.
- The Fed has paused Treasury remittances after years of profit, reflecting ongoing balance-sheet strain.
The U.S. Federal Reserve reported a third straight annual operating loss in 2025, extending a rare financial stretch. The latest figures showed a loss of $18.7 billion, continuing a trend that began in 2023 after a long period of steady profitability.
Fed Losses Extend Into Third Year
Recent data shared in a post by The Kobeissi Letter confirmed the central bank’s ongoing losses. The tweet noted that total losses reached $210.3 billion over three years.
It also pointed out that 2023 recorded the deepest loss, followed by a smaller deficit in 2024 and a narrower gap in 2025.
https://twitter.com/KobeissiLetter/status/2045690597764186307?s=20
The post explained that the losses stem from higher interest payments to banks and money market funds. At the same time, income from bonds and mortgage-backed securities remained lower. This gap between expenses and earnings has kept the Federal Reserve in negative territory since September 2022
Before this period, the central bank had a long record of profits. From 2000 to 2007, earnings remained stable between $20 billion and $35 billion. However, profits surged after the 2008 financial crisis as policy rates dropped and asset purchases increased.
Between 2009 and 2015, profits rose sharply, reaching a peak of around $115 billion. During those years, the Federal Reserve held large amounts of higher-yielding securities while funding costs stayed near zero. As a result, earnings remained elevated for several years.
Rate Hikes Shift Financial Structure
The financial position began to change as interest rates increased. From 2016 to 2022, profits started to decline, although they remained positive. Earnings moved within a range of $55 billion to $105 billion during that period.
Conditions shifted in 2023 when aggressive rate increases raised borrowing costs across the system. The Federal Reserve began paying higher interest on reserves and reverse repurchase agreements. Meanwhile, returns from its existing bond portfolio remained fixed at lower rates.
This shift caused expenses to exceed income, leading to the first annual loss in decades. The deficit reached about $115 billion in 2023, marking the lowest point in the data series. Losses continued in 2024 at roughly $80 billion before easing in 2025.
At the same time, the Federal Reserve stopped sending profits to the U.S. Treasury. This pause ended a long streak of remittances that had totaled over $1.36 trillion since 2008. The change reflects the current financial position rather than a structural limitation.
Despite the losses, the Federal Reserve continues normal operations. The system allows it to manage shortfalls without facing solvency concerns. The central bank records deferred assets instead of halting its functions.
Recent figures show that the scale of losses has started to narrow. The move from deeper deficits toward a smaller loss in 2025 signals a shift in pace. Future results will depend on interest rate trends and changes in funding costs.
Crypto World
Why software stocks, 2026’s market dogs, have joined the rally

Cybersecurity and enterprise software stocks have been market dogs in 2026, with fears that AI will wipe out a wide range of companies in the enterprise space dominating the narrative. But they snapped a brutal losing streak this past week, joining in the broader market rally that saw all losses from the U.S.-Iran war regained by the Dow Jones Industrial Average and S&P 500.
Cybersecurity has been “a victim of some of the AI-related headlines,” Christian Magoon, Amplify ETFs CEO, said on this week’s “ETF Edge.”
It wasn’t just niche cybersecurity names. Take Microsoft, for example, which was recently down close to 20% for the year. Its shares surged last week by 13%.
A big driver of the pummeling in software stocks was a rotation within tech by investors to AI infrastructure and semiconductors and some other names in large-cap tech, Magoon said, and since cybersecurity stocks and ETFs are heavily weighted towards software companies, they were left behind even as those businesses continue to grow on a fundamental basis.
But Wall Street now has become more bullish with the stocks at lower levels. Brent Thill, Jefferies tech analyst, said last week that the worst may be over for software stocks. “I think that this concept that software is dead, and then Anthropic and OpenAI are going to kill the entire industry, is just over-exaggerated,” he said on CNBC’s “Squawk Box” on Wednesday.
“Big Short” investor Michael Burry wrote in a Substack post on Wednesday that he is becoming bullish about software stocks after the recent selloff. “Software stocks remain interesting because of accelerated extreme declines last week arising from a reflexive positive feedback loop between falling software stocks and changes in the market for their bank debt,” he wrote.
The Global X Cybersecurity ETF (BUG), is down about 12% since the beginning of the year, with top holdings including Palo Alto Networks, Fortinet, Akamai Technologies and CrowdStrike. But BUG was up 12% last week. The First Trust NASDAQ Cybersecurity ETF (CIBR) is down 6% for the year, but up 9% in the past week.
Piper Sandler analyst Rob Owens reiterated an “overweight” rating on Palo Alto Networks which helped the stock pop 7% — it is now down roughly 6% on the year. Its peers saw similar moves, including CrowdStrike.
Performance of Global X cybersecurity ETF versus S&P 500 over past one-year period.
Magoon said expectations may have become too high in cybersecurity, and with a crowding effect among investors, solid results were not enough to to push stocks higher. But the down-and-then-back-up 2026 for the sector is also a reminder that when stocks fall sharply in a short period of time, opportunity may knock.
“Once you’re down over 10% in some of these subsectors, you start to see the contrarians start to say, ‘well, maybe I’ll take a look at this,’” Magoon said.
He said AI does add both opportunity and uncertainty to the cybersecurity equation, increasing demand but also introducing new competition. But he added, “I think the dip is good to buy in an AI-driven world,” specifically because the risks to companies may lead to more M&A in cyber names that benefits the stocks.
For now, investors may look for opportunity on the margins rather than rush back into beaten-up tech names. “I think investors are still going to remain underweight software,” Thill said.
But Magoon advises investors to at least take the reminder to keep an eye on niches in the market during pronounced downturns. “The best-performing are often the least bought and do the best over the next 12 months versus late-in-the-game piling on,” he said.
While that may have been a mindset that worked against the last investors into cybersecurity and enterprise software in mid-2025 when the negative sentiment started building, at least for now, it’s started working for the stocks in the sector again.
Meanwhile, this year’s biggest winner is also a good example of what can be an extended trade in either a bullish or bearish direction. Last year, institutional ownership of energy was at multi-year lows, Magoon said, referencing Bank of America data. “Reverse sentiment can be a great indicator,” he said.
But he cautioned that any selective buying of stocks that have dipped does have to contend with the risk that there is a potentially bigger drawdown in the market yet to come in 2026. That is because midterm election years historically have been marked by large drawdowns. “If you think it is bad right now, it could get a lot worse,” Magoon said. But he added that there’s a silver-lining in that data, too, for the patient investor. The market has posted very strong 12-month returns after midterm election drawdowns end. So, for investors with a longer-term time horizon and no need for short-term liquidity, Magoon said, “stick in there.”
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Crypto World
Crypto ETF inflows rise as Bitcoin, Ethereum, and XRP attract fresh capital
Spot Bitcoin exchange-traded funds have recorded their strongest weekly inflows in several months.
Summary
- Bitcoin ETFs recorded nearly $1 billion inflows, marking strongest weekly performance since mid-January period.
- Ethereum and XRP ETFs followed with steady inflows, reflecting renewed investor interest across crypto markets.
- Rising ETF demand coincides with improved sentiment but ongoing geopolitical uncertainty still affects market stability.
Data shows that nearly $1 billion entered these funds over the past week, marking the best performance since mid-January.
April 17 stood out as the most active day, with over $663 million in net inflows. Among the leading products, BlackRock’s IBIT attracted the largest share, followed by Fidelity’s FBTC.
The weekly trend included only one day of outflows, while the rest of the sessions recorded steady inflows. This pattern reflects renewed investor activity after a period of lower demand.
Ethereum ETFs maintain positive momentum
Ethereum-based exchange-traded funds also posted consistent inflows during the same period. The funds extended a multi-day streak of positive performance, supported by ongoing market recovery.
Over the past week, Ethereum ETFs recorded more than $275 million in inflows. This represents the highest weekly total since January for these products.
Fidelity’s FETH led the inflows among Ethereum funds, followed by BlackRock’s ETHA. Other products also contributed smaller amounts, maintaining overall positive movement.
XRP and other assets see increased interest
XRP-linked exchange-traded funds also recorded notable gains. The products attracted over $55 million during the week, marking a three-month high in inflows.
Other digital asset funds, including those tracking Solana, reported moderate inflows as well. These movements suggest broader participation across multiple crypto-based investment products.
The rise in ETF activity across Bitcoin, Ethereum, and XRP points to a short-term increase in investor engagement within the sector.
Market conditions and ongoing uncertainty
The increase in ETF inflows followed improved sentiment linked to developments in global events. Reports of easing tensions earlier in the week supported market confidence.
However, conditions remain uncertain as new statements from U.S. and Iranian officials have created mixed signals. The situation has added volatility to financial markets, including cryptocurrencies.
Bitcoin and other digital assets continue to respond to external developments. Investors are monitoring both geopolitical updates and market data as ETF flows remain active.
Crypto World
Market Preview: Tesla (TSLA) Earnings and Iran Diplomacy Dominate This Week’s Trading Focus
Key Takeaways
- Major indices achieved fresh record territory last week, extending their winning streak to three consecutive weeks
- Tesla’s Q1 financial results arrive Wednesday, with focus on artificial intelligence and robotics initiatives
- Diplomatic progress with Iran regarding the Strait of Hormuz sent crude oil prices tumbling
- The Magnificent Seven technology stocks surged 9% in just five trading sessions
- Consumer spending patterns will be revealed Tuesday with the release of March retail sales figures
Equity markets delivered another impressive performance as benchmark indices pushed to unprecedented levels. The S&P 500 surged 4.5% during the trading week, while the Nasdaq climbed 6.8% and the Dow Jones Industrial Average advanced 3.2%. This marked the third straight week of positive returns across all three major indices.

The market surge was primarily fueled by encouraging developments in diplomatic relations between Washington and Tehran. Iran’s top diplomat announced Friday that the strategically vital Strait of Hormuz remained “completely open” to global shipping operations. President Trump confirmed Iran had committed to halting its uranium enrichment activities and pledged never to obstruct the critical waterway again. Additional diplomatic discussions were slated for the weekend.
Crude oil prices experienced significant declines following the diplomatic breakthrough. Energy analysts at Rystad Energy characterized the development as a “market-moving development of the first order.” However, industry observers cautioned that normalizing oil markets could require several weeks or even months. Numerous vessels remain stranded in Persian Gulf waters, while Middle Eastern crude production has declined by approximately 12.4 million barrels daily.
The elite group of Magnificent Seven technology stocks, monitored through a specialized exchange-traded fund, posted a remarkable 9% gain across five consecutive sessions and are nearing their historical peak values. Taiwan Semiconductor delivered first-quarter financial results that exceeded analyst projections, posting earnings per share growth of 66% compared to the previous year and revenue expansion of 40%.
According to HSBC’s Americas equity strategy chief, market participants should anticipate a “banner Q1 earnings season,” with technology stocks generating the greatest investor enthusiasm. The Magnificent Seven are projected to deliver 20% earnings expansion, significantly outpacing the 12% growth forecast for remaining S&P 500 constituents.
Tesla in the Spotlight
Tesla releases its first-quarter performance metrics on Wednesday. The electric vehicle manufacturer snapped an eight-week decline on Friday. Chief Executive Elon Musk revealed that Tesla has reached the concluding design phases for its AI5 semiconductor, engineered for electric vehicles, training infrastructure, and Optimus humanoid robots. Reuters additionally disclosed that Tesla is recruiting semiconductor specialists in Taiwan.
Tesla has unveiled ambitions to manufacture proprietary semiconductors at a proposed facility designated Terafab, with Intel serving as a strategic collaborator. Market analysts note that establishing internal chip manufacturing capabilities would represent an enormous technical undertaking.
UBS analyst Joseph Spak observed that the stock “trades more on sentiment, narrative and momentum than fundamentals.” He identified potential headwinds including electric vehicle demand concerns, energy infrastructure constraints, and gradual advancement on autonomous taxi services and Optimus development, while maintaining his view of Tesla as a frontrunner in physical artificial intelligence applications.
Additional Market Events
Intel releases quarterly results Thursday. The semiconductor giant reached its highest intraday valuation since 2000 during Friday’s trading session.
Airline sector reports from Alaska Air, United Airlines, and American Airlines will reveal how aviation companies are navigating elevated jet fuel expenses. United Airlines’ CEO Scott Kirby recently suggested a possible takeover of American Airlines.
Tuesday delivers the Census Bureau’s March retail sales report. Economic forecasters anticipate a 1.3% monthly increase. The University of Michigan’s consumer sentiment index on Friday will also attract significant attention. Its preliminary April measurement plunged to a historic nadir of 47.6 earlier this month.

UnitedHealth Group announces results Tuesday, with shares facing headwinds from reports of a probe into its insurance billing procedures and an unanticipated executive transition.
Jefferies analyst Michael Toomey warned that the technology sector may be “very near the end of this rally,” and that markets will “consolidate in the near-term.”
Crypto World
Bitcoin faces resistance near $75K as on-chain data signals profit-taking
Recent on-chain data shows a sharp rise in Bitcoin (BTC) movement to exchanges.
Summary
- Binance inflow CDD spike suggests long-term Bitcoin holders moving funds to exchanges for profit-taking.
- NUPL indicator rise signals improving sentiment and growing unrealized profits among Bitcoin investors.
- Bitcoin Composite Index remains above 1.0, indicating no confirmed market bottom formation yet.
On April 14, Binance recorded a major spike in Exchange Inflow Coin Days Destroyed (CDD), reaching about 2.59 million.
Analysts link this surge to long-term holders moving older coins. This behavior often appears when investors prepare to take profits after price recovery phases.
The spike occurred as Bitcoin climbed back toward the $75,000 range. Data suggests that older holdings, which remained inactive for long periods, are now entering exchanges.
Analyst CryptoOnchain stated ”this surge suggests long-term holders are securing profits” while referring to the timing of the inflow spike.
NUPL indicator signals rising market confidence
Another on-chain metric, Net Unrealized Profit/Loss (NUPL), has also shown movement. The indicator recently climbed to around 0.29, its highest level since late January.
This level is commonly linked to the “belief” phase in market cycles. It reflects growing unrealized profits among investors and a shift toward positive sentiment.
Analyst Arab Chain noted ”the market is showing renewed optimism and rising profits” based on the recent NUPL trend. The increase follows a period of volatility earlier in the year.
The indicator suggests that the market has regained balance after recent declines. It also shows signs of new capital entering the market.
Composite Index shows no clear bottom formation
The Bitcoin Composite Index (BCI), which combines NUPL and MVRV data, remains above the key level of 1.0. Analysts use this level to assess whether the market has reached a bottom.
Historical data shows that strong accumulation phases often occur when the index drops below this threshold. Current readings suggest that such conditions have not yet been reached.

Analyst Zizcrypto stated ”the index remains above bottom levels, indicating normalization rather than full reset” when describing the current position.
This reading points to a market that is stabilizing rather than entering a deep accumulation phase.
Price movement and market conditions
Bitcoin recently failed to hold above $78,400 and has moved closer to $75,000. The price drop followed renewed geopolitical tension linked to developments in the Middle East.
The asset had earlier gained momentum after reports of progress in diplomatic talks. It moved from below $70,500 to above $76,000 before reaching a local high.
Market uncertainty returned after conflicting updates regarding the Strait of Hormuz. This led to a price correction of more than $3,000 from the peak.
The broader crypto market also declined, with total market value dropping by around $100 billion.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
AST SpaceMobile (ASTS) Stock Tumbles 6% Amid Massive Insider Sales and Satellite Delay
Quick Summary
- Rakuten CEO Hiroshi Mikitani offloaded approximately $154.5M worth of ASTS shares, contributing to ~$274M in total insider sales last quarter
- The BlueBird 7 satellite deployment was postponed to April 19 from Kennedy Space Center
- Deutsche Bank reduced its price projection from $139 down to $117, referencing Amazon’s Globalstar purchase
- Short positions reached their highest level in eight months amid growing skepticism
- Major institutional players like Vanguard and Invesco expanded their holdings despite the turbulence
AST SpaceMobile (ASTS) endured a turbulent week as shares slid approximately 6%, pressured by a confluence of insider transactions, operational setbacks, and Wall Street recalibrations.
The most significant development came from Rakuten’s billionaire founder Hiroshi Mikitani, who liquidated 1.69 million shares on April 14 at an average execution price of $91.42, representing approximately $154.5 million. This substantial transaction rattled investor confidence. Taking a broader view, company insiders collectively divested roughly 3.08 million shares during the previous quarter, totaling approximately $274 million. Current insider ownership stands at around 30.9%.
Adding to the selling activity, Chief Technology Officer Huiwen Yao disposed of 40,000 shares on March 23 at $88.88, slashing his holdings by nearly 90%. Following this transaction, Yao retained just 4,750 shares.
BlueBird 7 Deployment Timeline Shifts
The BlueBird 7 satellite deployment, previously slated for an earlier date, has been rescheduled for April 19. The spacecraft will lift off from Kennedy Space Center aboard Blue Origin’s New Glenn-3 rocket, with the launch window opening at 6:45 a.m. and closing at 8:45 a.m. EDT.
This satellite features a sophisticated phased-array antenna spanning approximately 2,400 square feet, engineered to provide direct-to-device broadband connectivity to conventional smartphones. The system supports peak throughput exceeding 120 Mbps utilizing both 4G and 5G technologies.
A successful deployment would represent a critical technological validation for the company. ASTS maintains partnerships with more than 50 mobile network operators worldwide, collectively serving nearly 3 billion subscribers. Strategic partners encompass AT&T, Verizon, Vodafone, and Google.
The postponement amplified investor uncertainty. Short interest surged to its highest point in eight months as market participants adopted defensive positions ahead of the mission.
Wall Street Reassessments Intensify
Deutsche Bank trimmed its price objective from $139 to $117, highlighting competitive headwinds following Amazon’s announcement to acquire Globalstar. This development sparked concerns regarding ASTS’s competitive positioning within the satellite communications sector.
Scotiabank adopted a more aggressive stance, downgrading ASTS to “sector underperform” with a $45.60 target. B. Riley lowered its objective from $105 to $95 while maintaining a neutral stance. The consensus rating currently registers as “Reduce” with an average target of $77.10, substantially below present trading levels.
However, bearish sentiment isn’t universal. Deutsche Bank maintains its $117 projection. Jim Cramer offered favorable commentary about the stock during Mad Money. Barclays elevated its target to $65 from $60 following the successful BlueBird 6 deployment with ISRO, though maintaining an Underweight rating.
On the institutional front, Vanguard expanded its position by 13.4% in Q3 to nearly 20 million shares. Invesco amplified its stake by over 600%, while VanEck more than doubled its holdings. Overall institutional ownership currently represents approximately 61%.
ASTS disclosed Q4 2025 financial results on March 2, reporting revenue of $54.31 million, significantly exceeding the $39.53 million consensus forecast. EPS registered at -$0.26, falling short of the -$0.18 estimate. Management projected 2026 revenue between $150 million and $200 million.
Shares opened Friday trading at $85.53, positioned between the 50-day moving average of $88.90 and the 200-day moving average of $83.34. The 12-month trading range extends from $20.26 to $129.89.
Crypto World
Definium Therapeutics (DFTX) Stock Climbs Following White House Psychedelic Policy Shift
Key Takeaways
- Definium Therapeutics voiced support for a White House Executive Order promoting mental health innovation through psychedelic therapies
- The biotech firm is advancing DT120 ODT (lysergide tartrate), a next-generation LSD formulation, targeting GAD and MDD
- DT120 holds FDA Breakthrough Therapy Designation with four ongoing Phase 3 clinical trials
- On April 17, Stifel launched coverage with a Buy recommendation and $30 price target, compared to the current ~$22.46 trading level
- Recent insider transactions reveal zero stock purchases and approximately $0.8M in sales during the previous three months
On April 19, Definium Therapeutics (DFTX) released a public statement endorsing a recently signed White House Executive Order designed to fast-track approval for psychedelic-derived mental health interventions. Shares advanced 0.98% following the announcement.

The presidential directive instructs federal departments to make mental health therapies a top priority, reduce regulatory barriers, and enhance interagency cooperation. The order explicitly identifies psychedelic compounds as promising resources in combating America’s mental health emergency.
Chief Executive Rob Barrow praised the directive, describing it as “an important recognition of the persistent unmet treatment needs in serious mental illness.” He emphasized the company’s commitment to progressing its comprehensive clinical development program for DT120 in patients suffering from generalized anxiety disorder (GAD) and major depressive disorder (MDD).
DT120 ODT represents Definium’s lead therapeutic candidate. The compound is a scientifically refined formulation of lysergide tartrate — the tartrate salt variant of LSD — created using Catalent’s proprietary Zydis rapid-dissolve platform.
This innovative delivery system enables quicker absorption, enhanced bioavailability, and reduced digestive system complications versus conventional administration routes. The molecule functions as a partial agonist targeting serotonin-2A receptors.
DT120 has secured FDA Breakthrough Therapy Designation. Definium is presently conducting four Phase 3 clinical studies, which represent pivotal milestones for potential commercialization.
Stifel Launches Coverage With Bullish Outlook, $30 Price Objective
Just two days prior to the White House policy announcement, Stifel commenced coverage of DFTX on April 17 with a Buy rating and established a $30.00 price objective. With shares trading near $22.46 at that juncture, the target suggests approximately 34% potential appreciation.
The coverage launch signals increasing institutional attention toward the psychedelic therapeutics sector as regulatory tailwinds strengthen.
Some Warning Indicators Worth Monitoring
However, certain metrics warrant caution. Definium’s GF Score registers at merely 38 out of 100, accompanied by a profitability ranking of 1 out of 10 — consistent with the company’s pre-commercial, development-phase position.
Financial strength fares considerably better at 7 out of 10, indicating a relatively solid balance sheet foundation. Momentum achieves a score of 6, matching recent stock performance trends.
Insider transaction patterns during the past three months present a somewhat concerning picture. Zero insider buying activity has occurred, while company insiders have divested $0.8 million in shares. Though such unidirectional selling isn’t uncommon for early-stage biotechnology companies, it merits attention.
The company maintains a market capitalization of roughly $2.24 billion.
The White House policy directive complements Definium’s current clinical development strategy, and management indicated eagerness to maintain collaborative efforts with government agencies, healthcare professionals, and patient advocacy organizations.
Definium’s DT120 is undergoing evaluation for GAD, MDD, and additional severe neurological conditions. The company operates from its New York headquarters and maintains a listing on Nasdaq.
Crypto World
Will banks run on Ethereum? Debate heats up online
Ethereum has become the center of discussion after a statement suggested that banks could rely on its network in the future.
Summary
- Raoul Pal claims Ethereum could become core infrastructure used by banks in future financial systems.
- Bill Morgan reacts as crypto community debates whether banks will adopt Ethereum technology widely.
- Discussion follows FXRP transfer pause, raising questions about blockchain interoperability and system reliability issues.
The claim was made by macro investor Raoul Pal, who argued that Ethereum has long-term relevance in financial systems.
Pal dismissed suggestions that Ethereum is losing relevance. He described such views as ”hilarious” and pointed to its continued development and adoption as reasons for confidence.
He also stated that banks tend to adopt technologies with strong track records. Based on this, he said ”all banks will use Ethereum” when referring to future financial infrastructure.
The statement triggered a wide range of reactions across the crypto community. Some participants questioned the claim and suggested that traditional banking systems may not rely on a single blockchain network.
Pro-crypto lawyer Bill Morgan responded by sharing the statement, which some interpreted as a sarcastic reaction. He did not clearly confirm support or opposition to the claim.
Several users argued that the relationship between banks and blockchain networks remains uncertain. The discussion reflected ongoing differences in views about how financial institutions may adopt digital assets.
Context Linked to Cross-Network Developments
The debate followed developments involving FXRP and cross-network activity. Transfers linked to FXRP were temporarily paused as a precaution after an issue connected to rsETH.
The pause affected movement between networks such as Flare and Ethereum. Users holding FXRP outside the Flare network were unable to complete redemptions until assets are returned to the main network.
Despite the pause, core operations on the Flare network continued without disruption. The situation added context to the broader discussion about blockchain interoperability and system reliability.
Meanwhile, Ethereum continues to trade actively in the digital asset market. At press time, the asset is priced near $2,300 with daily trading volume exceeding $14 billion.
The token has recorded a weekly gain of over 6 percent despite a slight daily decline, based on CoinGecko data. Market capitalization remains above $280 billion based on current supply levels.
Crypto World
Pi Network highlights verified users as key strength in ecosystem growth
The Pi Network Core Team has outlined its position on user growth, stating that verified identities play a central role in its ecosystem.
Summary
- Pi Network reports over 18 million verified users through its identity-based KYC system.
- Team claims verified users provide stronger trust compared to unverified wallet counts on other networks.
- Community response shows growing support for identity verification as core feature in blockchain ecosystems.
Meanwhile, the team reported that the network now has over 18 million identity-verified users. The project emphasized that this figure differs from standard wallet counts seen on other blockchain networks. It stated that ”1 million verified users on Pi is not equal to 1 million users on other networks” when comparing growth metrics.
The team explained that many blockchain platforms measure adoption through wallet creation, which may include inactive or unverified accounts.
Pi Network has built its system around identity verification through Know Your Customer (KYC) processes. The Core Team said this approach helps reduce spam and ensures that users are real individuals.
The project stated that ”verified identities are needed for meaningful transactions” in digital economies. According to the team, this supports trust between participants when assets are transferred.
The network aims to create a system where each transaction can be linked to a verified participant. This model is designed to support real-world use cases and economic activity.
Community response shows increased support
Recent statements from the Core Team have received mixed reactions in the past. However, this update saw more supportive responses from community members.
Some users noted that reaching millions of verified users before full smart contract deployment is an important step. One response stated that ”this level of verified distribution stands out compared to other networks” in public discussion.
Other comments pointed to the scale of the KYC process and its role in building a structured user base. The discussion reflected growing engagement from the community.
Moreover, Pi Network continues to operate with ongoing development of its ecosystem. The project has yet to fully enable certain features, including broader smart contract functionality.
At press time, the token traded near $0.17 with a market capitalization of around $1.7 billion. Trading volume remains active, with moderate price movement over the past week.
Crypto World
XRP Ledger Votes on Native Lending Protocol While ETH Breaks Out and Pepeto Targets 100x
The best crypto to buy now just got a fresh signal after XRP Ledger validators began voting on a native lending protocol that brings DeFi directly onto the chain. At the same time, CoinDesk reported that the ETH/BTC ratio bounced to a three-month high as Ethereum added 284,000 new users in Q1.
Capital is rotating back into crypto. Pepeto leads with more than $9.21 million raised, a confirmed Binance listing, and 100x targets backed by a live exchange.
XRP Ledger validators started voting on amendments XLS-65 and XLS-66 on April 16, a pair of proposals that would add on-chain lending and single-asset vaults to the ledger for the first time according to CoinMarketCap.
XRP jumped 8% on the week and led every major token in performance per CoinDesk, while Ethereum’s ratio against Bitcoin climbed to 0.0313 on the back of record Q1 network activity. Both moves point to the same thing: money is flowing back into crypto, and the best crypto to buy now is the entry that turns this rotation into the biggest return.
Ethereum, XRP, Pepeto, and the Best Crypto to Buy Now Before Listings Reprice Everything
Pepeto: The Live Exchange That Makes Every Other Presale Look Like a Promise
Headlines about wars and oil prices grab attention, but the threat that actually drains wallets every cycle sits inside the contracts. Hidden permissions, fake liquidity, and token traps cost billions, and most traders find out after their money is gone.
Pepeto built a scanner that catches all of it first. Before you commit capital, the tool reads the contract code, spots admin overrides and exit traps, and shows the risk in plain words. Zero-fee trading through PepetoSwap means the entry price is the real price with nothing skimmed, and a cross-chain bridge handles transfers between Ethereum, BNB Chain, and Solana at no gas cost.
The best crypto to buy now is where your capital stays protected while it compounds. ETH and XRP need billions and months to recover. Pepeto needs one listing. The Pepe ecosystem cofounder who turned a meme token into $11 billion built this exchange with a former Binance executive, and SolidProof signed off on every contract before the presale opened.
Capital committed has passed $9.21 million at $0.0000001865, staking at 181% APY compounds around the clock, and the CoinMarketCap preview page is live. The gap between today’s presale cost and the listing price is where the biggest return in this cycle sits.
Ethereum (ETH) Price at $2,330 as ETH/BTC Ratio Hits Three-Month High
Ethereum (ETH) trades near $2,330 per CoinMarketCap, up roughly 5.12% on the week after clearing the $2,330 ascending triangle resistance that held the price down for weeks.
The ETH/BTC ratio climbed to 0.0313, its highest reading since January, as 284,000 new wallets joined the network in Q1 and stablecoin supply on Ethereum hit $180 billion.
Standard Chartered still targets $12,000 by year-end. A move back to $3,000 returns roughly 25% over months, but the best crypto to buy now at presale pricing delivers that in a single listing session.
XRP Price at $1.42 as Validators Vote on Native Lending Protocol
XRP trades near $1.42 per CoinMarketCap, climbing 8% on the week and leading both Bitcoin and Ethereum in performance. Validators began voting on XLS-65 and XLS-66, which would bring lending and vault features directly onto the XRP Ledger.
Spot XRP ETFs hold $1.08 billion in total assets with $11.87 million in daily inflows on April 17. Even a push to $2.00 is only a 39% gain from here, and the best crypto to buy now at presale pricing carries 100x from one exchange launch.
Conclusion
ETH is climbing. XRP is leading the market. And the one token that sits below all of them in price but above all of them in upside is still open at $0.0000001865. That will not last. The Binance listing is confirmed and the date moves closer every day. When it hits, the presale closes and this price is gone for good.
The people who bought SHIB and PEPE early did not wait for perfect conditions. They saw the setup, they moved, and the listing did the rest. Pepeto has $9.21 million in committed capital, a live exchange, and the same Binance path those tokens walked. Missing this entry is the kind of mistake you remember every time you open a chart for the rest of 2026.
Click To Visit Pepeto Website To Enter The Presale
FAQs
What makes Pepeto the best crypto to buy now while ETH and XRP recover?
Pepeto carries 100x analyst targets backed by a confirmed Binance listing with $9.21 million already committed. Ethereum targets 25% from $2,330 and XRP targets 39% from $1.42, both over months.
How does the XRP Ledger lending vote affect the best crypto to buy now?
The XLS-65 and XLS-66 vote adds DeFi to the XRP Ledger for the first time. Pepeto at presale pricing delivers the return that XRP needs quarters to match from a single listing event.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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