Crypto World
BTC long-term rally is ‘broken’ until price reclaims $85,000, Deribit executive says
Bitcoin’s long-term rally is “broken” and will remain so until the price climbs above $85,000, said Jean-David Péquignot, chief commercial officer of derivatives exchange Deribit.
The largest cryptocurrency has settled into the $60,000 to $70,000 range in the past week, some 45% below the record high it hit in October. It’s on track to fall for a fourth straight week, and dropped below $85,000 at the end of January.
“Until the market reclaims $85k, the longer-term chart remains broken, and the path of least resistance technically remains lower,” Péquignot said in an interview during the Consensus Hong Kong conference.
Rising above $85,000 would confirm that buyers have established control, having soaked up all the supply that wrecked the long-term outlook. The bitcoin price was recently near $66,600, well below Péquignot’s make-or-break level, and deep in bear territory with room for more pain.
Speaking of the pain, $60,000 is the next big support, a price that nearly came into play early this month as bitcoin wilted alongside software stocks. According to Péquignot, it is a major psychological level, where large buy walls, or multiple purchase orders, have historically resided.
“If $60k fails to hold on a closing basis, the 200-week MA is the next logical, and possibly final stop for this correction,” he said.
The 200-week simple moving average (SMA) is widely regarded as the holy grail for bottom fishers, or traders hunting bargains at bear-market lows to time their bullish bets. Since 2015, multiple bitcoin bear markets have hit lows near this average, which is why traders now track it closely. The average is currently located at around $58,000.
“Traders would be looking at the $58k–$60k range as the ultimate support,” Péquignot said.
Square is waiving processing fees for Bitcoin payments at US merchants for two years, with instant dollar conversion to reduce adoption barriers.
Key takeaways:
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A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices.
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The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market.
Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday’s $66,000 low after President Donald Trump teased a potential ceasefire in the US and Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to place an $80 million bet on a market collapse.
Traders are now watching closely to see if this whale’s massive position signals a looming Bitcoin price drop.
The Hyperliquid whale, linked to address 0x94d373…c933814, carefully built this nearly $80 million leveraged position between Tuesday and Wednesday. The trade includes a $40 million short (sell) on Bitcoin futures near $68,760, a $2 million short on synthetic S&P 500 Index contracts, and a $37 million long (buy) in synthetic Brent oil contracts.
The whale’s aggregate position leverage stood at 7 times, indicating high conviction. The Bitcoin futures liquidation price was $80,083, while the Brent oil position would be forcefully terminated above $93. The timing of the trade is curious as S&P 500 Index futures gained 4% between Tuesday and Wednesday as traders anticipate the US and Israel-Iran war dissipating over the next few weeks.
On Wednesday, President Trump said “Iran’s New Regime President” is considering a “ceasefire,” although the conditions to fully reopen the Strait of Hormuz remain unknown. Iran demands reparations and sovereignty. Thus, one could assume that the Hyperliquid whale is counter-trading the market’s optimistic take, betting that Brent crude oil prices will jump while Bitcoin loses its value.
This Hyperliquid whale previously lost $40 million
This address belongs to a particularly unlucky whale, or at least one who has been extremely unsuccessful since late January. The Hyperliquid whale apparently uses bots for execution, given the sheer number of small trades that build into huge positions, but it still managed to lose $37 million in its first month of activity in December 2025.
The same user was flagged by X user ‘lookonchain’ on Feb. 5 after taking a massive loss on leveraged bullish bets on Ether (ETH), Bitcoin, Solana (SOL), and XRP (XRP).
According to the analysis, the whale had previously made $25 million in profits from shorts in multiple cryptocurrencies, but decided to flip the position on Feb. 4, resulting in a $40 million loss. There is no way to know exactly what triggered this entity to place those bets, but the event proves that even whales can misinterpret the market.
Related: Warren Buffett bought $17B in US T-bills: A bad omen for Bitcoin price?
The erratic signals from President Trump regarding a potential full-on invasion and the war in Iran leave room for opposing views. Iranian Foreign Minister Abbas Araghchi denied there were talks for a ceasefire but confirmed to Al Jazeera on Tuesday that there was an intention to end the war, according to CNBC.
Given the history of this whale’s market positioning and its track record of losing trades, it’s possible that the current $80 million bet may fall on the wrong side of the market.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
According to the company CFO, Bithumb was “strengthen[ing] accounting policies and internal controls” ahead of its IPO plans, already delayed from 2025.
South Korea-based cryptocurrency exchange Bithumb is reportedly expecting its initial public offering (IPO) sometime after 2028, in another delay after restructuring and regulatory hurdles.
According to a Tuesday report from Maeil Business News Korea, a Bithumb official said that it would “focus on preparing for the listing until 2027.” CFO Jeong Sang-gyun said at the company’s annual shareholder meeting that Bithumb was “strengthen[ing] accounting policies and internal controls” following an IPO advisory contract with Samjong KPMG.
Shareholders reconfirmed CEO Lee Jae-won for a two-year appointment at the Tuesday meeting, but the delayed IPO timeline was the latest after Bithumb initially expected a 2025 listing. Under Lee, the exchange faced a six-month suspension and a $24 million fine from South Korean authorities for alleged anti-money-laundering violations.
A major South Korean exchange going public could impact local markets and crypto adoption in the country. Dunamu, the operator of crypto exchange Upbit, is reportedly planning an IPO following a share swap with Naver Financial, expected in September.
Related: South Korea tax agency seeks private crypto custodian after security lapses
Bithumb made headlines in February after the exchange mistakenly credited many users with about 2,000 Bitcoin (BTC) instead of 2,000 South Korean won. The error briefly created internal balances totaling more than $40 billion, though most of the funds existed only on the exchange’s internal ledger and were later reversed.
Mixed signals in South Korea’s crypto policy shift
Lee Jae-myung took office as South Korea’s president in June 2025, and his political party quickly moved to introduce legislation on the issuance of payment stablecoins.
South Korean lawmakers initially proposed a tax hike on crypto gains expected to take effect in 2021. However, the measure has faced repeated delays and may be scrapped entirely, according to reports from March.
As of March 2025, an estimated 16 million South Koreans held accounts on crypto exchanges.
Crypto World
CZ Says Crypto Can Survive Quantum Computing With Protocol Upgrades: Binance Co-Founder
Changpeng Zhao addressed quantum computing concerns, stating the crypto industry can upgrade to quantum-resistant algorithms to mitigate threats.
Crypto World
Dogecoin Price Prediction as MemeCore Flips Shiba Inu in Market Cap, But Pepeto Draws the Same Energy, Is This The Next Dogecoin?
MemeCore just flipped Shiba Inu to become the second largest memecoin by market cap, surging 32% in a single week and proving that meme sector capital rotates fast when a new narrative catches fire according to BSC News. The dogecoin price prediction crowd watched the flip happen in real time while DOGE sat at $0.093 unable to break above $0.10 resistance.
The meme energy that created billions in value during past cycles is now visible around Pepeto, which raised more than $8.69 million with the Pepe cofounder and a Binance listing approaching. The dogecoin price prediction caps at $0.21 for 2026, but analysts project 100x from the presale.
Dogecoin Price Prediction Gets Context as MemeCore Overtakes SHIB and X Money Launches April
MemeCore flipped Shiba Inu’s market cap with an 8% single-day surge and 32% weekly gain, capturing the meme sector rotation that DOGE has failed to attract according to BSC News. Meanwhile, Elon Musk confirmed X Money launches in April with Visa integration across 40 US states and Smart Cashtags for crypto trading on the roadmap, but there is no official confirmation that DOGE will be included as a payment rail according to CryptoNews.
DOGE active addresses jumped 28% in one week from 57,000 to 73,000 according to NewsBTC, but the price has not responded. Meanwhile Qubic’s Dogecoin mining mainnet launched on April 1, promising to make DOGE mining three times faster according to BeInCrypto.
The DOGE forecast waits for X Money to confirm crypto integration, and the exchange that carries the same meme energy with verified tools already built is where the compressed return lives before the listing.
Where the Meme Rotation Meets an Exchange That Delivers What DOGE Never Built
Pepeto: The Next Dogecoin
Despite the correction, the industry pushes forward, and smart traders keep asking which entry gives them what DOGE gave its earliest holders in 2021. Pepeto, with its Binance listing approaching, is not just positioned for near term returns from one event, the exchange is built for daily use that DOGE never offered.
What drives the conviction. The utility works, it is designed for daily trading, and it already runs. The exchange gives verified answers on every contract, with the risk scorer catching traps before your capital moves and PepetoSwap handling every trade at zero fees while the cross chain bridge sends tokens at zero cost. The same meme energy that MemeCore used to flip Shiba Inu overnight is forming around Pepeto, but this time there is a verified exchange behind it that the dogecoin price prediction never had supporting it.
Conviction is peaking. More than $8.69 million entered at $0.000000186 during extended extreme fear, with 190% APY staking compounding early positions. The person who built the original Pepe coin to $11 billion on 420 trillion tokens created the exchange with a former Binance expert, and every contract passed SolidProof’s review. When meme energy alone flipped SHIB’s entire market cap in a single week, imagine what the same force does with a working exchange behind it.
The next Dogecoin Pepeto is the entry where meme energy and verified tools meet in a single project, and the Binance listing turns this presale into the story everyone talks about.
Dogecoin Price Prediction: Can DOGE Hold $0.093 as X Money and Meme Rotation Stay Active?
DOGE trades at $0.093 as of April 1 with the SEC commodity classification confirmed, the 21Shares DOGE ETF live on Nasdaq, and X Money launching in April, according to CoinMarketCap.
The dogecoin price prediction targets $0.10 as resistance with $0.21 as the 2026 ceiling according to CoinCodex. Support sits at $0.088 with $0.085 below. Active addresses jumped 28% in one week, but Fear and Greed at 8 keeps sellers in control.
The DOGE forecast depends on whether X Money confirms crypto, but even the bullish case takes quarters while the presale delivers 100x from one listing.
Dogecoin Price Prediction Confirms the Smart Money Already Calculated the Outcome and Following Them Is How You Collect
With X Money launching in April and MemeCore proving that meme sector capital rotates violently when a new project catches fire, the environment is the healthiest for meme energy to translate into real returns. Analysts project 100x from the Binance listing, and this may be the last window to enter something that delivers what DOGE delivered in 2021 but with a working exchange this time. More than $8.69 million raised during single digit fear proves the smart money already calculated the outcome.
The wallets that entered SHIB at $0.000007 all say they saw the signal before the crowd, and the same signal flashes now. The Pepeto official website is where following those wallets is how you collect when the listing opens, and entering now is how you capture returns from this cycle.
Click To Visit Pepeto Website To Enter The Presale
FAQs:
What does the dogecoin price prediction show after MemeCore flipped SHIB?
DOGE holds $0.093 while MemeCore overtook SHIB in market cap, with the 2026 ceiling at $0.21 and the next resistance at $0.10 while active addresses jumped 28%.
Will X Money launching in April affect the dogecoin price prediction?
X Money confirmed for April with Visa across 40 states, but crypto trading is only on the roadmap with no DOGE confirmation. The Pepeto official website is where the exchange with verified tools is still at presale pricing.
Is Pepeto the next DOGE based on the dogecoin price prediction pattern?
The same meme energy is building with a working exchange DOGE never had, the Pepe cofounder behind it, and a Binance listing confirmed with 100x projected by analysts.
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.
XRP is seeing large amounts of tokens leave exchanges, reducing available supply — but price isn’t responding yet. The token is hovering near $1.34 after a modest gain, creating a disconnect between tightening supply and muted price action that typically doesn’t last.
News Background
- XRP edged higher to $1.34 with volume rising 29% above its weekly average
- Around 7.03 billion XRP left exchanges in February, signaling supply compression
- Binance scarcity indicator climbed to 0.59, its highest level since 2024
Price Action Summary
- Price traded in a tight range, repeatedly testing the $1.33-$1.34 zone
- Early breakout attempts failed, with resistance forming just above current levels
- Buyers defended dips near $1.31, establishing a sequence of higher lows
- Late-session action showed steady buying, but no decisive follow-through
Technical Analysis
- The key setup is a mismatch: supply is tightening, but price isn’t expanding
- Large outflows usually reduce sell pressure, yet sellers are still capping rallies
- Elevated volume without price expansion points to positioning rather than conviction
- This kind of compression typically resolves with a sharper directional move
What traders should watch
- $1.34-$1.35 is the immediate trigger — a break opens room toward $1.42
- $1.31-$1.32 remains the key support zone holding structure intact
- If price continues to stall despite shrinking supply, it suggests sellers are still active overhead
SpaceX has reportedly filed confidential IPO papers with the SEC, eyeing a June 2026 listing at over $1.75T and up to $75B raised after its $1.25T xAI merger valuation.
Summary
- Elon Musk’s SpaceX has reportedly submitted a confidential IPO registration to the SEC, targeting a valuation above $1.75 trillion and a June 2026 listing.
- The listing could raise as much as $75 billion, eclipsing Saudi Aramco’s $29.4 billion offering, the current record for funds raised in an IPO.
- SpaceX’s recent $1.25 trillion valuation following its acquisition of Musk’s AI venture xAI positions it as the world’s most valuable private company ahead of its prospective debut.
SpaceX, Elon Musk’s rocket and satellite company based in the United States, has quietly filed a draft registration for an initial public offering with the Securities and Exchange Commission, in a move that could value the group at more than $1.75 trillion and bring the world’s biggest-ever listing to market as soon as June 2026.
People familiar with the process told Bloomberg that SpaceX is “targeting a confidential filing for an initial public offering as soon as next month,” a timetable that would keep the long-awaited flotation on track for a mid-year debut. Under U.S. rules, a confidential submission allows large issuers to work through several rounds of SEC comments before publishing an S-1 prospectus, limiting early scrutiny of detailed financials.
Insiders cited say the company has already submitted its IPO registration draft and is expected to go public in June, potentially the first of three so‑called “super IPOs” ahead of OpenAI and Anthropic, with banks including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley lined up as lead underwriters. The same report suggests SpaceX could raise up to $75 billion in fresh capital, more than double the $29.4 billion Saudi Aramco raised in its 2019 IPO, which White & Case described as “the largest-ever initial public offering” at the time. In crypto markets, SpaceX’s looming deal follows similar large-cap listings that have intersected with digital assets, including Coinbase’s direct listing, and echoes recent coverage highlighting how major corporate treasuries are increasingly willing to hold assets like bitcoin alongside cash and bonds.
The IPO preparation comes just weeks after SpaceX acquired Musk’s artificial intelligence startup xAI in a record-setting all‑stock transaction that Reuters says values SpaceX at $1 trillion and xAI at $250 billion, creating a combined entity worth about $1.25 trillion. In a memo quoted by Reuters, Musk framed the tie‑up in typically expansive terms, writing that the merger “signifies not just a new chapter, but an entirely new book in the journey of SpaceX and xAI: expanding to create a conscious sun that comprehends the Universe and spreads the essence of awareness to the stars!” Coverage in the Financial Times and other outlets has stressed that the deal concentrates even more of Musk’s wealth and operational leverage into SpaceX just as bankers pitch investors on its satellite internet arm Starlink as the engine of long‑term cash flow.
The SpaceX listing adds to a pipeline of equity deals that could influence liquidity conditions across both traditional and digital asset markets, particularly if the company confirms reported bitcoin holdings or clarifies whether any related tokenized equity products will trade alongside the stock. In a previous crypto.news story, markets tracked how large technology listings and bitcoin‑linked balance sheets can amplify risk‑on sentiment across digital assets, while another story examined how Musk‑adjacent ventures have repeatedly acted as catalysts for renewed retail inflows into crypto during major funding milestones. With benchmark tokens like Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), traders will be watching whether a SpaceX roadshow in early summer sharpens the bid for risk or drains liquidity into what could be the IPO of the decade.
Asian stocks posted their best day in months and S&P 500 futures jumped after the president said he would address the nation Wednesday night with an “important update” on Iran. Oil pared losses as the UAE reportedly prepares to help reopen the Strait of Hormuz by force.
Bitcoin traded at $67,950 on Tuesday, up 0.2% over 24 hours, as a wave of optimism over a potential end to the Iran conflict lifted risk assets across the board. Ether rose 1.6% to $2,100, its strongest daily move in weeks.
XRP gained 0.5% to $1.34, dogecoin added 0.5% to $0.09, and BNB edged up 0.4% to $616. Solana’s SOL was the notable laggard, dropping 0.7% to $83.14 and extending weekly losses to 8.7%.
The MSCI Asia Pacific Index surged 4%, its best session since the war began, with nearly 10 stocks rising for every one that fell. Asian tech jumped 6.5%, led by Samsung and SK Hynix surging more than 9% each. S&P 500 futures climbed, and the index notched its biggest single-day gain since May.
The catalyst was Trump telling reporters he expected the war to end within two to three weeks and that a deal with Iran was not a prerequisite for concluding the conflict. He announced a national address Wednesday at 9 p.m.
Eastern to provide what he called an “important update.” Iran’s president Masoud Pezeshkian told the EU Council president that Tehran has “the necessary will to end this war” but expects guarantees against future aggression.
Separately, the Wall Street Journal reported that the UAE is preparing to help the U.S. and allies reopen the Strait of Hormuz by force, which would make it the first Gulf state to enter the conflict as a combatant. Brent crude edged back above $105 after Tuesday’s decline.
The crypto market’s reaction was muted relative to equities, a pattern that has held for weeks. Bitcoin has spent the entire war grinding between $65,000 and $73,000 while equities swing violently on each headline. The gap between crypto’s sideways range and the stock market’s correction-level drawdown remains the most notable divergence in the cross-asset picture.
There were reasons for cautious optimism beyond geopolitics. Morgan Stanley received approval for a bitcoin ETF charging just 14 basis points, 11 below the category average. The product opens access to Morgan Stanley’s 16,000 financial advisors managing $6.2 trillion, a channel that has not previously had direct bitcoin ETF exposure.
Alex Blume, CEO of Two Prime, pointed to three catalysts that could drive bitcoin higher in Q2 — the Morgan Stanley ETF, continued success of Strategy’s STRC preferred equity product in funding bitcoin purchases, and a swift resolution to the Iran war.
“A lot of market uncertainty could be resolved soon,” Blume said in an email to CoinDesk. “Coupled with new buying power, a strong Q2 may be ahead.”
Gold advanced for a fourth straight day to near $4,700, though its nearly 12% decline in March was its worst monthly performance since October 2008. The precious metal’s ongoing weakness during an active war continues to break historical precedent.
Whether Trump’s Wednesday address produces an actual off-ramp or just another headline in a month that’s been full of them will determine if this rally holds. As one analyst put it, “I’m not convinced over the longer term. Investors will soon want concrete evidence that the end of the war is in sight.”
The US Department of the Treasury issued a notice of proposed rulemaking (NPRM) on Wednesday and is seeking public comment on proposed regulations for state-level stablecoin governance frameworks under the GENIUS Act.
The GENIUS stablecoin regulatory framework, also known as the “Guiding and Establishing National Innovation for US Stablecoins Act,” gives states the authority to regulate stablecoins with a market cap of less than $10 billion, as long as the regulations do not deviate significantly from federal policies.
The Treasury outlined several non-negotiable stablecoin regulations that must be in line with Federal regulations, including a 1:1 reserve backing with cash or high-quality cash equivalents and monthly reporting requirements.
States must also comply fully with federal anti-money laundering and sanctions policies for stablecoins, while upholding bans on token rehypothication, or using the same asset to support multiple claims.
Under the proposal, states are allowed to impose their own liquidity, reserve, risk management, regulatory procedures, enforcement and administrative rules, as long as the rules impose higher financial thresholds or are more restrictive than the federal regulations.
“State-level regulatory regimes must lead to regulatory outcomes that are at least as stringent and protective as the Federal regulatory framework,” the proposal said.
The public must submit comments within 60 days of the NPRM announcement. Once a stablecoin issuer passes the $10 billion threshold, it will automatically be under the regulatory jurisdiction of the federal government, meaning the largest stablecoin issuers will be regulated exclusively at the federal level.
Related: FSB flags dollar stablecoins as bigger risk for emerging markets in annual report
GENIUS Act becomes law, but uncertainty remains over yield-bearing stablecoins
US President Donald Trump signed the GENIUS Act into law in July, which was considered a landmark moment for crypto regulations.
Despite the landmark regulations, uncertainty about yield-bearing stablecoins and whether stablecoin issuers can share interest with token holders has stalled the CLARITY crypto market structure bill in Congress.
Some crypto companies, led by Coinbase, argue that yield-bearing stablecoins provide savers with a competitive alternative to traditional savings accounts, which typically have interest rates far below 1%.
The banking lobby continues to oppose yield-bearing stablecoins over fears that the tokens will cause deposit flight and erode the sector’s market share.
Magazine: GENIUS Act reopens the door for a Meta stablecoin, but will it work?
Crypto World
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