Author: dfmines

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A swirl of bullish proclamations is ricocheting across X as macro‑minded influencers argue that a fresh expansion in “Global M2” money supply will trigger a near‑instant rally in Bitcoin—yet a veteran market analyst is warning that the data underpinning those calls is little more than a mirage. The latest wave of optimism was set in motion when Real Vision co‑founder Raoul Pal published an updated overlay of Bitcoin versus Global M2—an aggregate of every major country’s broad money supply converted to US‑dollar terms—and told followers, “It is time, give or take a few days.” Other accounts also shared similar charts. One asserted that Bitcoin “continues to mirror Global M2 with its classic 12‑week lag,” predicting “aggressive upside likely kicks off next week… $74.5 K looks like it was the bottom,” while other self-proclaimed crypto guru promised a new all‑time high “within weeks.” Bitcoin Vs. M2: Is A Price Explosion Really Coming? The viral charts drew immediate fire from TXMC (@TXMCtrades). In a lengthy thread he argued that computing a daily or even weekly Global M2 series is “goofy and frankly a scam” because “the United States is only updating M2 on a weekly basis and all others are monthly.” He continued: Related Reading: This Bitcoin Bear Confirmation Is Yet To Appear, Glassnode Reveals “You are looking at basically 30 out of 31 days of FX fluctuations with a static once‑monthly global aggregate multiplied behind it… China, USA, and Japan have even updated into March. The rest are still on February values during a time when the dollar has been tanking hard… You’re looking at an M2‑weighted inverse dollar exchange rate 95% of the time. Be better at math!” TXMC noted that China now accounts for roughly 46 percent of the putative Global M2 and is “the ONLY major country whose broad money supply is above its post‑covid peak in dollar terms,” a dynamic that “goes straight up” because Beijing is “trying to ease out of an ongoing multi‑year debt deflation.” By contrast, US M2 “is below its 2022 peak… and growing at the slowest pace since Bitcoin’s birth excluding 2022‑24 when it was negative y/y.” Related Reading: Bitcoin Faces Pressure As Report Flags Chinese Sell-Off Plans Beyond the cadence mismatch, he blasted the practice of applying “random #‑week offsets” to force a visual correlation between Global M2 and Bitcoin. “These charts are over‑fitted junk using extremely recent history as a thesis for why they should correlate,” he said, adding that while assets can be “directionally sympathetic on a monthly basis… the main critiques relate to presenting a daily/weekly metric using monthly data… AND using over‑fitted offsets of that data to try to forecast the future for a content audience.” The broadside prompted a rebuttal from YouTuber Colin Talks Crypto (@ColinTCrypto), who claimed that key central banks do in fact provide higher‑frequency figures. “China M2 updates daily—not monthly,” he wrote, attaching what he said were current charts through April 17 2025. “Japan’s M2 also updates daily… Since about half of your post relies on ‘China data being slow and outdated’… your post’s main argument weakens greatly at this point.” TXMC swiftly countered that assertion, insisting “there is no daily M2” and that any high‑frequency series is merely “a projection of a 1‑2 month old value using real‑time FX values.” The sudden April “pop” in Global M2, he maintained, is nothing more than the dollar’s sharp slide translated mechanically into larger dollar‑denominated money stocks. “Because Global M2 doesn’t actually exist, it is an abstraction of money that lives solely in a chart formula,” he wrote. “It treats all broad aggregates around the world as the same pool of eligible capital and introduces a heap of noise via foreign exchange rates… this is how the sausage is actually made and it’s not sexy.” At press time, BTC traded at $84,750. Featured image created with DALL.E, chart from TradingView.com

Coinbase is going on the offensive as Oregon revives a discredited crypto crackdown, slamming the state’s lawsuit as politically driven and dead-on-arrival in court. Coinbase Rips Into Oregon for Rehashing SEC’s Collapsed Crypto Regulation-by-Enforcement Crypto exchange Coinbase revealed on April 18 that it is facing a new securities enforcement action from Oregon’s Attorney General, a […]

US Senator Elizabeth Warren warned that if President Donald Trump eventually moves to fire Federal Reserve Chair Jerome Powell, it could undermine investor confidence in the integrity of US capital markets and trigger a financial crash.During an appearance on CNBC, the Massachusetts Senator said the President does not have the legal authority to remove Powell from his position. Moreover, removing Powell would weaken the financial infrastructure of the US, Warren added:”If Chairman Powell can be fired by the President of the United States, it will crash the markets. The infrastructure that keeps this stock market strong and, therefore, a big part of our economy strong, and a big part of the world economy strong, is the idea that the big pieces move independently of politics.””If interest rates in the United States are subject to a president who just wants to wave his magic wand, this doesn’t distinguish us from any other two-bit dictatorship,” Warren continued.Trump discusses US economic policies with reporters. Source: The White HousePresident Trump has repeatedly called for Powell’s termination, citing the chairman’s hesitancy to lower interest rates. Lower interest rates are usually considered a positive catalyst for risk-on asset prices, including cryptocurrencies, and could reverse the market downturn brought on by the trade war and current macroeconomic pressures.Related: Fed’s Powell reasserts support for stablecoin legislationTrump’s feud with the Federal Reserve chairmanTrump criticized Powell for not cutting interest rates and called for his termination again in an April 17 Truth Social post, which inflamed speculation that he would follow through on threats and find a way to remove the chairman.Senator Rick Scott echoed Trump’s calls to remove Powell. “It’s time to clean house of everyone working at the Federal Reserve who isn’t on board with helping the American people and fighting for their best interests,” Scott wrote in an opinion piece published on Fox News. Source: Donald TrumpThe Trump administration has repeatedly stated that lowering interest rates is a top priority. Market analyst and investor Anthony Pompliano recently speculated that Trump deliberately crashed financial markets to force lower interest rates.At the time, Pompliano cited a reduction in the yield of the 10-year US Treasury Bond to just 4%. The 10-year bond yield has climbed back up to 4.3% since then.Magazine: Meebits and CryptoPunks are like Hot Wheels for adults: New MeebCo owner Sergito

US Senator Elizabeth Warren warned that if President Donald Trump eventually moves to fire Federal Reserve Chair Jerome Powell, it could undermine investor confidence in the integrity of US capital markets and trigger a financial crash.During an appearance on CNBC, the Massachusetts Senator said the President does not have the legal authority to remove Powell from his position. Moreover, removing Powell would weaken the financial infrastructure of the US, Warren added:”If Chairman Powell can be fired by the President of the United States, it will crash the markets. The infrastructure that keeps this stock market strong and, therefore, a big part of our economy strong, and a big part of the world economy strong, is the idea that the big pieces move independently of politics.””If interest rates in the United States are subject to a president who just wants to wave his magic wand, this doesn’t distinguish us from any other two-bit dictatorship,” Warren continued.Trump discusses US economic policies with reporters. Source: The White HousePresident Trump has repeatedly called for Powell’s termination, citing the chairman’s hesitancy to lower interest rates. Lower interest rates are usually considered a positive catalyst for risk-on asset prices, including cryptocurrencies, and could reverse the market downturn brought on by the trade war and current macroeconomic pressures.Related: Fed’s Powell reasserts support for stablecoin legislationTrump’s feud with the Federal Reserve chairmanTrump criticized Powell for not cutting interest rates and called for his termination again in an April 17 Truth Social post, which inflamed speculation that he would follow through on threats and find a way to remove the chairman.Senator Rick Scott echoed Trump’s calls to remove Powell. “It’s time to clean house of everyone working at the Federal Reserve who isn’t on board with helping the American people and fighting for their best interests,” Scott wrote in an opinion piece published on Fox News. Source: Donald TrumpThe Trump administration has repeatedly stated that lowering interest rates is a top priority. Market analyst and investor Anthony Pompliano recently speculated that Trump deliberately crashed financial markets to force lower interest rates.At the time, Pompliano cited a reduction in the yield of the 10-year US Treasury Bond to just 4%. The 10-year bond yield has climbed back up to 4.3% since then.Magazine: Meebits and CryptoPunks are like Hot Wheels for adults: New MeebCo owner Sergito

EIP-7932 is my proposal to include support for signature algorithms other than secp256k1, it is currently a draft: feedback is much appreciated :D. https://github.com/ethereum/EIPs/pull/9633 https://ethereum-magicians.org/t/eip-7932-multi-algorithm-signing-support-algorithmic-transactions/23514 submitted by /u/SirSpudlington [link] [comments]

Crypto analyst Quinten recently revealed that Bitcoin has entered oversold levels. However, analyst Dr. Cat has warned that, contrary to public opinion, this development is bearish, not bullish, for the flagship crypto.  In an X post, Dr. Cat stated that Bitcoin entering oversold levels is “super-bearish” and overbought levels are “super-bullish.” He explained that for the oscillator to reach oversold values, it means that the price action has been extremely bearish, indicating why investors are selling their holdings.  Why Bitcoin Entering Oversold Levels Is Bearish   The crypto analyst further remarked that Oscillators are range-bound indicators, so they can’t go beyond 0 and 100, as they are limited by their mathematical formulas. However, he added that the Bitcoin price can go lower or higher. Dr. Cat then alluded to Bitcoin’s bull markets, noting that all of them are in overbought territory on the weekly chart. Related Reading: Bitcoin Price To Break $125,000 But Sell Everything In October, Analyst Warns The analyst stated that if an investor buys an oversold condition on a lower timeframe when Bitcoin’s higher timeframe is bullish, this is a good move. However, he remarked that whoever advises buying a weekly oversold chart based on the claim that it is bullish because it is oversold has no idea what they are talking about. He remarked that many altcoins are oversold on the higher timeframe and can remain oversold as they approach zero, where the analyst claims they are eventually headed. Dr. Cat also explained that in a bull market, oversold conditions on the daily chart may mark higher lows on the weekly or monthly chart.  However, in a bear market, oversold conditions may persist or just lead to some consolidation before more downside. Dr. Cat then alluded to Quinten’s chart, which he said showed what daily oversold conditions led to one year earlier in different broader market conditions. The analyst cautioned that he wasn’t discussing whether Bitcoin is in a bull or bear market or where it is headed, but simply clarifying the misconception about oversold and overbought RSI.  BTC’s Supply Overwhelming Demand At The Moment In an X post, CryptoQuant CEO Ki Young Ju revealed that Bitcoin’s supply is currently greater than its demand at the moment, providing a bearish outlook for the flagship crypto. This supports the idea of BTC being in oversold conditions right now, with holders selling their coins rather than buying.  Related Reading: Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000 Crypto analyst Ali Martinez recently revealed that whales have been taking profits during the recent Bitcoin rally, offloading over 29,000 BTC since April 9. It is worth mentioning that Ki Young Ju recently asserted that Bitcoin’s bull market is over, noting that the flagship crypto is witnessing significant selling pressure.  At the time of writing, the Bitcoin price is trading at around $84,600, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

Today in crypto, Lyn Alden shared her current outlook on Bitcoin, US federal prosecutors continue their case against SafeMoon’s CEO, and Spar shoppers in Zug, Switzerland, can now pay for groceries in Bitcoin via the Lightning Network.Lyn Alden lowers Bitcoin forecast after “tariff kerfuffle,” eyes liquidityMacroeconomist Lyn Alden expects Bitcoin to finish 2025 higher than its current price of around $85,000, though she says it would have been much higher if not for US President Donald Trump’s tariff announcement in February.“Before all this tariff kerfuffle, I would have had a higher price target,” Alden told Natalie Brunell on the April 17 episode of Coin Stories. “My guess is that we end up higher at the end of the year than we are now, at least,” she added.Lyn Alden spoke to Coin Stories’ host Natalie Brunell on April 17. Source: Natalie BrunellHowever, she said that a “massive liquidity unlock” could be the catalyst needed for Bitcoin to reach more optimistic targets, similar to those before the tariffs were introduced.For example, if the US bond market “broke” and the US Federal Reserve had to step in with measures like yield curve control or heavy quantitative easing (QE), Alden explained.US prosecutors to pursue ex-SafeMoon CEO case despite DOJ memoFederal prosecutors said they will continue pursuing their case against Braden John Karony, the former CEO of crypto firm SafeMoon, despite the US Justice Department issuing a memo suggesting a policy of abandoning “regulation by prosecution” related to digital assets.In an April 18 filing in the US District Court for the Eastern District of New York, US Attorney for EDNY John Durham said his office had reviewed the April 7 DOJ memo issued by Deputy Attorney General Todd Blanche and intended to proceed with a trial against Karony.The former SafeMoon CEO faces securities fraud conspiracy, wire fraud conspiracy, and money laundering conspiracy charges for allegedly “divert[ing] and misappropriat[ing] millions of dollars’ worth” of the platform’s SFM token between 2021 and 2022.April 18 notice that US prosecutors will continue to prosecute John Karony. Source: PACERSpar supermarket in Switzerland starts accepting Bitcoin paymentsGlobal grocery giant Spar has rolled out Bitcoin-based payments in a Swiss city, marking another step in the growing adoption of cryptocurrency for everyday transactions.A Spar supermarket in Zug, Switzerland, has implemented Bitcoin (BTC) payments via the Lightning Network.The store’s Bitcoin payments went live on BTC Mao, a community-driven project highlighting stores that accept BTC payments, DFX Swiss, a crypto-to-fiat payment solution firm, announced in an April 17 LinkedIn post.“This SPAR location is among the first supermarkets in Switzerland where you can pay directly at the checkout using Bitcoin (via LNURL), thanks to our new hashtag#OpenCryptoPay solution, an open P2P standard for in-person crypto payments,” DFX said.Spar in Zug adopts Bitcoin payment, announcement. Source: DFX SwissSwitzerland has long been regarded as one of the more crypto-friendly European jurisdictions with some of the earliest crypto-adoption initiatives.In 2023, the Swiss city of Lugano adopted Bitcoin and Tether USDt (USDT) payments for all municipal fees, one of the world’s first city administrations to do so.

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