Category: Business

  • 30-Year Analyst Explains: “According to the Elliott Wave Theory, the Bitcoin Downturn Is Over”

    30-Year Analyst Explains: “According to the Elliott Wave Theory, the Bitcoin Downturn Is Over”

    Jordi Visser, a veteran macro investor with over 30 years of experience, assessed recent market developments. According to Visser, while artificial intelligence and commodity scarcity are ushering the world into a new economic era, Bitcoin is re-emerging with its “scarcity” argument.

    Visser argues that investor psychology and central bank policies are changing in the digital age. Stating that the Fed has perfected its QE (quantitative easing) game plan, Visser said, “I don’t think we’ll see multi-year recessions or prolonged bear markets again in the rest of my life. The moment a crack appears in the system, it is intervened with money printing and interest rate cuts.”

    He also added that in the hyper-connected world, investors experience “amnesia,” quickly forgetting negative events and focusing on new narratives.

    According to the analyst, despite the deflationary pressure created by artificial intelligence (AI), a serious inflationary risk is looming in the short term. Visser argued that the AI world has reached its physical limits and is experiencing massive processor (CPU), memory (DRAM), and energy shortages.

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    Visser, particularly highlighting Elon Musk’s “Terra Fab” announcement, predicts that this bottleneck in the hardware and commodities sectors will keep inflation well above the Fed’s target of 2%, reaching 4% and higher.

    Visser, who analyzed Bitcoin’s recent performance from a technical and macroeconomic perspective, stated that according to Elliott Wave theory, Bitcoin has completed its correction phase and entered a new uptrend from the $60,000 level.

    He argued that Bitcoin is now priced not just as a growth asset, but as a representative of “digital scarcity” in a world experiencing processor and energy shortages. He stated that traditional software companies (SaaS) are threatened by AI, but computing-focused firms like Oracle and Bitcoin miners will profit from this process.

    Visser stated that Bitcoin’s place in portfolios will become undeniable by the end of the year, sending this message to asset managers and investment advisors: “By the end of the year, we will reach a point where you will have to explain why 3% to 5% of your portfolio isn’t Bitcoin.”

    *This is not investment advice.

  • One person holds the keys to $200 million of a project’s crypto. His co-founder says that has to end

    One person holds the keys to $200 million of a project’s crypto. His co-founder says that has to end

    For years, $NEO‘s treasury was held in a setup that would be unusual for most financial institutions: hundreds of millions of dollars in crypto assets were controlled through personal wallets, with no multisig protections and little formal oversight.

    That person, according to co-founder Da Hongfei, is Erik Zhang, $NEO‘s other co-founder and the architect of its core protocol.

    “Around 85% is controlled by Eric alone with single signature,” Da said in an interview. “It had never been transferred to any individual or any multi-sig.” The native $NEO and $GAS tokens Zhang holds are currently worth between $200 million and $250 million, Da estimated. That’s more than $NEO‘s current $197 million market capitalization.

    Zhang, for his part, has accused Da of separate problems. The two founders have been airing those disputes in public since December.

    The fight has since produced rival governance plans and an unsuccessful mediation effort in Hong Kong.

    Da published his restructuring proposal on GitHub on April 9. It calls for redomiciling the Neo Foundation from Singapore to the Cayman Islands, replacing the current two-founder governance with an independent five-member board, barring both founders from that board for 24 months, and redistributing roughly 26 million $NEO and 40 million $GAS to tokenholders.

    Zhang’s counter-proposal called staying on the board keeping the Foundation in Singapore, not move it to the Cayman Islands.

    Most pointedly, Zhang’s proposal calls for a formal investigation into historical asset management, including provisions to address potential corruption, improper asset transfers, and concealment of public assets.

    Da dismissed those provisions flatly. “I think it’s a very blunt and empty accusation,” he said. “There is no corruption, no misuse of funds.”

    For some observers, however, the numbers seem quite stark. $NEO‘s treasury holds ~$460 million in assets, roughly double the project’s $197 million market value, while the token has dropped 98% from its 2018 peak.

    Mutual disarmament

    $NEO‘s FY2025 financial report, its first comprehensive disclosure since 2020, revealed over 1,100 $BTC, more than $100 million in stablecoins and cash, and a portfolio of venture investments including an unliquidated stake in Binance.

    Da broke the treasury into two halves. The first, the native $NEO and $GAS tokens, sits largely under Zhang’s single-signature control. The second, bitcoin, ether, stablecoins, fund-of-fund investments, and bank balances, is managed by NGD, the entity Da runs.

    Those non-token assets, once relatively modest, have grown to over $200 million, driven largely by the appreciation of its $BTC and ETH holdings accumulated through early-stage investment returns.

    The result is a treasury split almost evenly between two people who are no longer speaking productively, each holding leverage over the other, neither willing to move first.

    Da framed his proposal as mutual disarmament.

    “NGD will lose its control over most of the assets, including the $BTC and stablecoins, which are over $200 million. And Eric will lose his personal control of the majority of the $NEO tokens,” he said.

    “Basically, me and Eric need to sacrifice our individual control over assets. I think that’s the fundamental change.”

    He said he’s willing, but doesn’t know if Zhang is.

    Da’s restructuring depends entirely on Zhang’s cooperation for its most critical step of transferring the single-signature token holdings to a multisig lock address. In an April 10 AMA, Da committed to a one-to-three month timeline.

    Asked what happens if Zhang refuses, Da was candid.

    “If there’s one person holding around half of a crypto native token and not willing to hand over to a multi-sig, constitutional governance, then what the community should do, I think the answer should come from the community itself.

    CoinDesk reached out to Erik Zhang for comment and had not heard back by time of publication

  • A Bullish Signal Seen in XRP for the First Time in Three Months

    Ali Martinez, a closely followed analyst in the cryptocurrency markets, shared an important assessment indicating that the technical outlook for $XRP is regaining strength.

    According to Martinez, a critical indicator for $XRP, which has been under selling pressure for a long time, has given a bullish signal for the first time.

    According to the analyst, the SuperTrend indicator on the daily chart has turned bullish for the first time since January 17th. This development suggests that a trend reversal may be beginning in the market after months of decline. Martinez stated that this signal could herald a potential recovery for $XRP.

    However, the analyst pointed to a critical level for confirming the uptrend. Martinez stated that the $1.55 level stands out as strong resistance for the $XRP price, arguing that breaking above this level would be decisive. Specifically, a clear breakout and daily close above this level could trigger a rapid upward movement, known in the market as a “relief rally.”

    Martinez noted that the SuperTrend indicator is now beginning to act as support, and in a potential bullish scenario, the first target is the $1.90 range. A move towards this level could indicate that the medium-term trend reversal in $XRP is gaining strength.

    *This is not investment advice.

  • Analyst Claims Selling Pressure on XRP’s Twin Altcoin May Have Eased

    Analyst Claims Selling Pressure on XRP’s Twin Altcoin May Have Eased

    Ali Martinez, an analyst closely followed in the cryptocurrency markets for his technical analysis, shared a new assessment highlighting critical levels for Stellar ($XLM).

    According to Martinez, the $XLM price has been moving within a distinct channel since February. During this period, each upward attempt has been rejected at the $0.179 level, followed by a pullback to the $0.147 support zone. The analyst argues that this pattern has formed a recurring price behavior for months.

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    Martinez noted that recent developments show $XLM is once again approaching the $0.179 resistance level, stating that this area has historically acted as a strong “sell” zone. However, he added that this level is about to be tested for the fourth time, and pointed out that in technical analysis, frequently tested resistance levels tend to weaken over time.

    According to Martinez, the critical scenario for investors will be a daily close above this level. The analyst stated that a clear break above $0.179 could indicate that the selling pressure accumulated in this region has been exhausted.

    Martinez stated that this situation could trigger a strong upward movement in the $XLM price, predicting that the first target after a possible breakout could be around $0.22, representing a rise of approximately 20 percent.

    *This is not investment advice.

  • Charles Hoskinson, Bitcoin Has Three Options! “In One of Them, the System Collapses Completely”

    In a recent interview, Charles Hoskinson, a leading figure in the cryptocurrency sector, shared details about the Midnight protocol, a new and ambitious part of the Cardano ecosystem.

    Hoskinson analyzed why corporate giants (like Google, Microsoft, and Sony) failed in their crypto projects and explained how Midnight offers a solution to these problems.

    Midnight positions itself as a “meta-chain” that can work with networks like Ethereum, Solana, and Bitcoin. Hoskinson describes this structure as the “Chat-GPT” of privacy and compliance.

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    Users will be able to take advantage of Midnight’s privacy features when trading different assets such as Bitcoin or Solana. It will act as an intermediary layer bridging regulated traditional finance (Web 2) and the decentralized world (Web 3).

    One of the most striking parts of the interview was the threat posed by quantum computers to Bitcoin. Hoskinson warned that quantum computers could break existing encryption systems by the early 2030s.

    Hoskinson offered three options for Bitcoin:

    • Doing nothing: This results in the system completely collapsing.
    • Soft Fork: Adding a new signature protocol; however, this carries the risk of theft of the old coins (approximately 34% of the supply) that are not migrated.
    • BIP 361 and Forced Migration: The most aggressive but also the safest option. However, this could lead to the loss of approximately 1.7 million Bitcoins, including Satoshi’s coins.

    *This is not investment advice.

  • GTC Skyrockets 51.35% as Market Sentiment Shifts

    GTC Skyrockets 51.35% as Market Sentiment Shifts

    The crypto market just witnessed a sharp move as GTC price surged by 51.35% in just 30 minutes, climbing from $0.111 to a current price of $0.168. This rapid increase underscores a significant uptick in market activity, with traders eager to capitalize on the momentum. The observed volatility suggests a responsive market environment, prompting heightened interest from participants.

    Market Snapshot

    Gitcoin is currently trading at $0.168, showcasing an impressive 24-hour change of +75.00%. The asset reached a high of $0.168 and dipped to a low of $0.093 within the same period. Daily trading volume has climbed to $6,015,211.12, indicative of robust market participation. Gitcoin’s market capitalization stands at $13,512,720, reflecting its growing traction in the crypto space.

    What Could Be Behind This Move

    Analysts suggest that the recent surge in GTC price may be attributed to evolving macroeconomic factors, particularly in light of interest rate changes and dollar strength. These broader economic conditions often influence investor sentiment, leading to increased activity in alternative assets like cryptocurrencies. Additionally, the mixed signals across the crypto market may have encouraged traders to seek opportunities in altcoins, including GTC. Market observers note that such shifts can trigger rapid price movements as traders respond to perceived value and potential gains.

    Broader Market Trends

    The overall cryptocurrency market appears to be experiencing fluctuations, with major assets showing varied momentum. This mixed sentiment often leads to altcoin rotations, where traders pivot from larger cryptocurrencies to smaller ones, fostering price spikes in less prominent assets like GTC. On-chain data indicates that increased trading volume often correlates with these movements, suggesting that traders are actively repositioning within the market.

    Trading Activity

    GTC’s significant price increase also aligns with notable trading activity, as the high volume of transactions indicates a growing interest among traders. Such dynamics can foster a more volatile trading environment, leading to sharp spikes like the one observed. The current bullish sentiment surrounding GTC could further escalate if trading volume continues to rise, pushing the price even higher as momentum builds among market participants.

    What Traders Are Watching Next

    Moving forward, traders are closely watching key support and resistance levels. The next resistance sits at approximately $0.175, while support is observed near $0.150. A break above this resistance could signal potential continuation of the upward trend, while a fall below the support level might prompt caution among traders. Moreover, broader market conditions, including upcoming economic reports and regulatory developments, could further influence GTC’s trajectory in the coming days.

    This article is for informational purposes only and does not constitute financial advice. Readers should conduct their own research and consult a financial advisor before making investment decisions.

  • FATF Calls for Rapid Global Crypto Standards Rollout as Cross-Border Enforcement Gaps Raise Systemic Risks

    FATF Calls for Rapid Global Crypto Standards Rollout as Cross-Border Enforcement Gaps Raise Systemic Risks

    Crypto oversight is climbing the global policy agenda as regulators push faster enforcement across digital asset markets. The latest FATF declaration signals tighter scrutiny ahead, with cross-border compliance pressure set to rise for crypto firms and jurisdictions.

    Key Takeaways:

    • FATF increased pressure on jurisdictions to enforce crypto standards faster.
    • Stablecoins face sharper scrutiny as illicit finance risks grow.
    • Jurisdictions could face tougher accountability if gaps persist.

    FATF Tightens Global Crypto Compliance Push

    Crypto oversight climbed the global policy agenda after Financial Action Task Force (FATF) ministers increased pressure on countries to close gaps in digital asset regulation. In a declaration issued on April 17, the intergovernmental standard setter linked stronger anti-money laundering enforcement to faster action on virtual assets. The message was clear: jurisdictions that lag on crypto rules will face greater scrutiny.

    The declaration framed crypto within a broader push to modernize defenses against illicit finance. Ministers stated in the declaration:

    “We support responsible innovation in finance.”

    That language is notable because FATF did not portray blockchain-based finance as inherently risky. Instead, it said technology, including artificial intelligence, can strengthen supervision and compliance when backed by safeguards. The same section also supported work on emerging payment technologies and related risks, while urging quicker implementation of crypto standards across the FATF network.

    Recommendation 15, titled “New Technologies,” remains FATF’s main global standard for virtual assets (VA) and virtual asset service providers (VASPs). The group revised the recommendation in 2018 and adopted its interpretive note in June 2019 to clarify how anti-money laundering and counter-terrorist financing rules apply to crypto activity. The framework requires countries to assess virtual asset risks, apply a risk-based approach, and ensure VASPs are licensed or registered. It also requires supervision by competent authorities, sanctions for non-compliance, customer due diligence, recordkeeping, suspicious transaction reporting, and international cooperation. The June 2019 interpretive note and related guidance also form the basis for the Travel Rule, which requires originator and beneficiary information to accompany covered transfers.

    Stablecoins and Offshore Firms Face Greater Scrutiny

    Stablecoins and offshore firms are drawing sharper attention as implementation gaps persist. FATF’s 2025 targeted update states Recommendation 15 remains the benchmark for global crypto compliance reviews and found that only 29% of 138 assessed jurisdictions were largely compliant with virtual asset requirements, while one jurisdiction was fully compliant. A March 3, 2026, report examines stablecoin misuse in peer-to-peer transfers through unhosted wallets and cites Chainalysis data showing stablecoins made up 84% of illicit virtual asset transaction volume in 2025. A March 11, 2026, report on offshore VASPs outlines methods for detecting, registering, supervising, and sanctioning firms that exploit weaker oversight.

    Crypto drew its clearest warning in the ministerial text itself. Ministers stated in the declaration:

    “Considering the inherently cross-border nature of virtual assets, we call for the rapid and effective implementation of the FATF Standards in the virtual assets sector across the global network, and through our peer-review process, will hold countries who fail to expeditiously implement the Standards to account.”

    The broader takeaway is that FATF is not introducing a new crypto rulebook. It is pressing countries to enforce the existing one faster, more consistently, and with fewer cross-border loopholes.

  • Caitlyn Jenner escapes memecoin lawsuit as judge says token not a security

    Caitlyn Jenner escapes memecoin lawsuit as judge says token not a security

    US media personality and former Olympian Caitlyn Jenner has escaped a class-action lawsuit after a federal judge ruled her memecoin was not a security under US law.

    California federal judge Stanley Blumenfeld Jr. wrote in an order on Thursday that the lawsuit failed to plausibly plead that Caitlyn Jenner (JENNER) tokens were investment contracts, as they didn’t pool investor money or use funds to develop “any related product or technology.”

    “Defendants stated that ‘[t]he $JENNER token is a memecoin on the Ethereum blockchain intended solely for entertainment purposes,’ and that its value would increase because Jenner would use her fame and influence to promote it, increasing demand,” the order said.

    “Promotion alone, however, does not establish a common enterprise absent pooling or a structure linking investor fortunes,” it added.

    A group of JENNER memecoin buyers first sued Jenner and her late manager, Sophia Hutchins, in November 2024, claiming they lost thousands of dollars as the token’s price collapsed and that JENNER was an unregistered securities offering.

    Caitlyn Jenner, pictured at a conference in 2017, was sued by a group of buyers of her memecoin that claimed they lost thousands of dollars. Source: Web Summit

    Blumenfeld tossed the suit in May 2025 for failure to state a claim, and the group filed an amended complaint later that same month, led by Lee Greenfield, a UK citizen who claimed he lost more than $40,000 investing in JENNER.

    The amended complaint had argued that investors had pooled their assets as Jenner promised that once the token reached a market value of $50 million, a 3% transaction fee would fund token buybacks, marketing, donations to Donald Trump’s presidential campaign and a token for ownership in Jenner’s Olympic gold medal.

    Blumenfeld wrote that the amended complaint heavily focused on planned donations to Trump, but didn’t explain how investors believed that doing so would provide a financial return to them.

    “Nor is it clear that the alleged plan to distribute fractionalized ownership interests in Jenner’s gold medal has any bearing on Greenfield’s claim, since the plan was not announced until August 2024—after the last of his purchases—and was never executed,” he added.

    Blumenfeld denied allowing the class group another chance to amend the lawsuit and added that claims regarding contracts and common law fraud under California law were best sent to state court.

    JENNER was first launched on the Solana blockchain via the memecoin creator Pump.fun in May 2024. It was soon embroiled in controversy after Jenner and other memecoin launching celebrities claimed they were scammed by Sahil Arora, a claimed collaborator on the tokens.

    Jenner relaunched the token on Ethereum, which investors claimed diminished the value of the original Solana token. The token has since essentially lost all of its value after hitting a peak value of nearly $7.5 million in June 2024.

  • RAVE spikes 47% in squeeze-driven move: Is $29 about to get wiped?

    RAVE spikes 47% in squeeze-driven move: Is $29 about to get wiped?

    $RAVE’s 47.97% surge to $27.21 came as derivatives activity intensified, with Open Interest nearing $500M and extreme Funding Rates triggering forced short liquidations.

    The rally had clearly outpaced the broader market’s 2.7% gain, reflecting a highly concentrated move driven by positioning.

    Notably, over 90% of the token supply had remained concentrated in top wallets, which kept liquidity thin and amplified $RAVE price reactions.

    As a result, cascading short liquidations had accelerated upward pressure while traders rushed to cover positions. Funding Rates had also surged to extreme levels, reportedly reaching up to 5,600% APR. This made short positions increasingly expensive to maintain.

    This dynamic had created a feedback loop, where rising prices forced further liquidations. However, such conditions often raise concerns about sustainability once forced buying begins to slow.

    Outflows tighten supply as sell pressure fades

    On-chain data had shown persistent negative Spot Netflows, with the latest recorded outflow at -$840.69K.

    This sustained outflow pattern had indicated that traders moved $RAVE away from exchanges into private wallets, reducing the immediately available supply for selling.

    As a result, declining exchange balances had eased sell-side pressure and supported the ongoing price expansion.

    However, despite this reduction in available supply, the broader move had remained largely influenced by derivatives activity rather than consistent Spot demand.

    If inflows begin to return, it could reintroduce sell pressure and weaken the current structure, especially as leveraged positions start to unwind.

    Source: CoinGlass

    $RAVE rally stalls below $28 as rejection emerges

    $RAVE’s price action had shown a strong vertical expansion as $RAVE surged toward the $28.87 high, before facing a sharp rejection that pulled the price back toward the $22 support zone.

    The move had not followed a gradual breakout structure but instead reflected an aggressive impulse, where price climbed rapidly without forming stable consolidation bases.

    However, the rejection candle near the highs had signaled exhaustion, as sellers stepped in after the extended move. The $22 level had since acted as immediate support, holding the recent pullback.

    The RSI had climbed to around 81, entering overbought territory before slightly easing toward 69.77, indicating that buying pressure had started cooling after the surge.

    This shift suggested that the rally had reached a stretched condition rather than a stable trend continuation.

    If the price stabilizes above $22, it could attempt another push toward $28. However, continued weakness would likely expose lower support zones as the structure resets.

    Source: TradingView

    Where will liquidity pull price next?

    Liquidation data had revealed two critical zones shaping $RAVE’s trajectory, with dense clusters forming near $28 and $23.

    Around $28, liquidation leverage had reached approximately 484.91K, marking a key upside trigger where short positions had already faced pressure. This zone had acted as a magnet, drawing price upward during the rally.

    On the other hand, a significant cluster near $23 held roughly 480K in leveraged positions, establishing a strong downside liquidity pocket. This created a two-sided structure where price could be drawn toward either level depending on positioning shifts.

    Source: CoinGlass

    $RAVE’s rally had been driven primarily by liquidation pressure and derivatives imbalance rather than sustained Spot demand.

    While reduced sell pressure supported the move, the structure remained highly dependent on leveraged positioning.

    If liquidation-driven demand weakens, price could struggle to hold gains. However, continued pressure on short positions would likely push $RAVE toward higher liquidity zones before any meaningful reversal emerges.


    Final Summary

    • $RAVE’s rally is driven by derivatives pressure as short liquidations forced rapid price expansion.
    • Weak Spot demand structure suggests price could react sharply if inflows return.
  • XRP eyes recovery as SuperTrend indicator turns bullish, says analyst

    XRP eyes recovery as SuperTrend indicator turns bullish, says analyst

    $XRP, the native digital asset of the $XRP Ledger, flashed its first bullish technical signal in three months.

    According to on-chain analyst Ali, the SuperTrend indicator on $XRP’s daily chart flipped to a buy signal on April 18, ending a stretch of sustained selling pressure that began in mid-January.

    $XRP: SuperTrend flips bullish!

    For the first time since Jan. 17, the SuperTrend indicator has flipped bullish on the daily chart. After months of “sell” pressure, we are officially seeing a buy signal that anticipates a major comeback in $XRP‘s trend.

    While the trend has… pic.twitter.com/yiusXU3vIi

    — Ali Charts (@alicharts) April 18, 2026

    A rough start to the year

    $XRP fell about 27% in the first quarter of 2026, dropping from roughly $2.4 in January to a low near $1.16, marking its worst quarterly performance in eight years.

    The asset was trading at $1.44 at press time, down about 3% in the last 24 hours, per CoinGecko. It still sits over 60% below its record high of $3.6 reached last July.

    $XRP continues to struggle around the $1.55 mark, which has repeatedly capped gains in recent weeks. Ali noted that a sustained break above it would expose upside toward $1.9, about 30% above current levels.

    Wrapped $XRP is now live on Solana

    $XRP holders can now participate in trading, yield generation, and liquidity provision on Solana without selling their assets, after wrapped $XRP (wXRP) went live on the blockchain on April 17.

    BREAKING: $XRP is live on Solana https://t.co/pWiljVfc6m pic.twitter.com/QZbwd6qEN4

    — Solana (@solana) April 17, 2026

    The rollout bridges $XRP into Solana’s high-speed DeFi environment, integrating with apps like Jupiter, Titan, Phantom, Meteora, and Byreal through Hex Trust and LayerZero infrastructure.

    wXRP is fully collateralized 1:1 with $XRP held in custody and remains redeemable at any time, maintaining peg stability while unlocking new utility outside the $XRP Ledger.

    Ripple CEO Brad Garlinghouse said the expansion reflects rising demand and an ongoing push into multi-chain ecosystems.

    Two production-level partnerships in Asia

    $XRP has recently seen a utility boost following two new partnerships unveiled earlier this week.

    Rakuten brought $XRP into its e-commerce and fintech ecosystem in Japan, opening access to an estimated 44 million users across five million stores.

    Separately, Kyobo Life Insurance in South Korea partnered with Ripple to digitize government bond settlement on blockchain, advancing production use cases in two of Asia’s largest economies.