Author: dfmines

US Bitcoin mining firms will try to capitalize on the Trump administration’s recent tariff pause by stocking up on mining rigs, but the baseline 10% tariffs will still leave the industry at a disadvantage, industry executives say.President Donald Trump paused his administration’s hefty reciprocal tariffs until July 8, but kept a minimum 10% tariff on most countries bar China, which had its rate hiked to 145%.Hashlabs CEO Jaran Mellerud told Cointelegraph that while the 10% levy is much lighter than the initial tariffs, US miners are still at a “clear disadvantage” when it comes to purchasing mining machines, compared to competitors abroad.He said the baseline US tariffs aren’t enough “to make mining in the US unprofitable, but it definitely raises capital expenditure and will impact the long-term viability of new investments.”“We expect to see a short-term spike in machine imports as miners rush to get ahead of potential future tariff hikes,” Mellerud added.Source: Jaran MellerudA price hike on crypto mining rigs is already happening, Luxor Technology’s chief operating officer Ethan Vera told Cointelegraph.“US miners are still looking to purchase machines ahead of the potential further increase in 90 days. In addition, US-landed machines have run up in price, as have contracts with onshore assembly.”On April 2, Trump’s hiked tariffs placed levies on Thailand, Indonesia and Malaysia — countries home to three of the largest mining rig manufactures — at respective rates of 36%, 32% and 24%. Tariff instability will stunt US Bitcoin mining growthMellerud said in an April 8 report, before the pause on the hiked tariffs, that Trump’s levies could collapse US demand for mining rigs, to the benefit of non- US mining operations, as manufacturers will look outside the US to sell their surplus inventory for cheaper.He told Cointelegraph the now-lowered tariffs will offer some relief for US miners, but imposing the tariffs and then suddenly pausing them only added uncertainty to US Bitcoin mining firms looking to plan and scale.“What miners need is predictability and stable rules — not policy whiplash every few months.”Luxor’s Vera said that the policy changes “will certainly hurt growth” in the US.Related: Bitcoin hashrate tops 1 Zetahash in historic first, trackers showVera said Luxor has even been forced to rethink its strategy and consider expanding into international markets for future expansion.Trump pledged during his presidential campaign that he wanted all the remaining Bitcoin (BTC) to be “made in the USA.”Several members of Trump’s family have also partnered with Bitcoin mining firm Hut 8 to lead Bitcoin mining venture “American Bitcoin” late last month. The venture aims to build the world’s largest Bitcoin mining firm with strategic reserves. While the tariffs are broad in nature, the crypto mining industry simply isn’t a “high priority” for the Trump administration, Vera said.Trump’s tariffs have shaken up almost every market, including the crypto markets and Bitcoin, which is down 1.2% over the last 24 hours to $80,555, CoinGecko data shows.Bitcoin is now 26% off the $108,786 all-time high it set on Jan. 20 — the same day that Trump returned to the White House.Asia Express: Illegal arcade disguised as … a fake Bitcoin mine? Soldier scams in China

BNB price is recovering from the $535 support zone. The price is now consolidating gains and might face hurdles near $588 and $600. BNB price is attempting to recover above the $575 resistance zone. The price is now trading above $565 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $565 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $560 level to start another increase in the near term. BNB Price Faces Resistance After forming a base above the $535 level, BNB price started a fresh increase. There was a move above the $550 and $560 resistance levels. It even recovered above the $580 level before the bears appeared, like Ethereum and Bitcoin. A high was formed at $586 and the price recently correcting some gains. There was a move below the $575 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $534 swing low to the $585 high. However, the bulls were active near the $565 support zone. There is also a connecting bullish trend line forming with support at $565 on the hourly chart of the BNB/USD pair. The price is now trading above $560 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $580 level. The next resistance sits near the $585 level. A clear move above the $585 zone could send the price higher. In the stated case, BNB price could test $592. A close above the $592 resistance might set the pace for a larger move toward the $600 resistance. Any more gains might call for a test of the $620 level in the near term. Another Decline? If BNB fails to clear the $588 resistance, it could start another decline. Initial support on the downside is near the $570 level. The next major support is near the $565 level. The main support sits at $560 and the 50% Fib retracement level of the upward move from the $534 swing low to the $585 high. If there is a downside break below the $560 support, the price could drop toward the $550 support. Any more losses could initiate a larger decline toward the $535 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $565 and $560. Major Resistance Levels – $588 and $600.

Ethereum (ETH) has recovered 10% in the past 24 hours, driven by the US administration’s 90-day pause on the trade tariffs for over 75 nations. The second-largest crypto by market capitalization now targets the $1,800 resistance as the next key level to reclaim for a rally continuation. Related Reading: Bitcoin (BTC) Jumps To $82,000 As Trump Announces 90-Day Pause On Tariffs Except China Ethereum Jumps To $1,600 Ethereum’s price hit a 2-year low of $1,385 during this week’s correction, fueling a bearish sentiment among many investors. The cryptocurrency lost the lower zone of its $2,100-$3,900 macro range on March 9 and has retraced around 16% in the past month. Since then, Ethereum eyed a retest of historical demand zones, dropping below the $1,640 area to hit this week’s lows. As a result, many analysts have noted that ETH’s bleeding might not be over, and a retest of the $1,000-1,200 price range is likely if the king of altcoins doesn’t reclaim key levels. Amid its recent performance, ETH dropped below its realized price by accumulating address of $2,000, which some market watchers consider a potential bottom sign. According to research and analytics platform Crypto Rank, the last time Ethereum fell below this level was in March 2020, when the price dropped from $283 to $109 before significantly recovering in the coming months. Notably, US President Donald Trump’s 90-day pause on tariffs for multiple nations, except China, saw the crypto market and stock prices soar, with Ethereum recovering 10% in an hour. Is A Breakout In The Horizon? Analyst Titan of Crypto noted that Ethereum could be on the verge of a comeback based on the ETH/BTC trading pair. In the ETH/BTC chart, the “RSI is showing a familiar pattern. One that previously signaled a potential shift in momentum.” Notably, the multi-year chart shows that the pair tested the trendline three times before momentum shifted and the ETH price surged toward its 2021 ATH. Similarly, the pair has tested the trendline thrice since 2022, suggesting the cryptocurrency might be headed for a comeback. Analyst Crypto Bullet considers a weekly close above $1,550, a key historical support level, necessary for ETH’s bullish momentum. Meanwhile, pseudonym trader Lluciano affirmed that Ethereum “is showing signs of a breakout after holding strong at key support.” Related Reading: Solana (SOL) Needs 15% Bounce After Multi-Year Support Retest, Recovery Ahead? Yesterday, ETH, which was retesting the 2018 all-time high (ATH) levels, jumped from $1,480 to $1,600, briefly nearing the $1,700 resistance before stabilizing between the $1,580-$1,640 price range. He pointed out that “the market could be ready for a bullish reversal” as the cryptocurrency has formed a falling wedge pattern. Per the post, if ETH breaks above the pattern’s upper trendline, at around the $1,840 mark, ETH could see “significant gains” and rally toward higher levels. As of this writing, Ethereum trades at $1,566, an 11% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Blockchain gaming for the first quarter of 2025 has been a “mixed bag,” seeing a greater number of deals while the amount invested significantly dipped, says blockchain analytics platform DappRadar.Web3 gaming projects raised $91 million in Q1 2025, marking a 71% decrease from the fourth quarter of 2024 and a 68% drop compared to the same quarter a year ago, DappRadar said in its April 10 State of Blockchain Gaming report.DappRadar analyst Sara Gherghelas wrote the figures showed “the growing pressure on early-stage startups and hint that 2025 may prove more challenging than previous years — unless broader market conditions improve.”Another factor for the drop in investments in blockchain games is investors are increasingly shifting toward real-world assets and artificial intelligence, according to Gherghelas.Over the same time, the number of blockchain gaming-related deals that closed increased by 35% quarter-over-quarter.Web3 gaming projects raised $91 million for the quarter, marking a 71% decrease from Q4 2024. Source: DappRadarGherghelas said the jump in deals shows that “while investors are writing smaller checks, they’re still actively engaging with a broader range of projects — indicating continued interest, albeit with more cautious allocation.”Web3 gaming investors go big in infrastructureThe lion’s share of funding for Web3 gaming in the first quarter went to infrastructure-focused projects, with most focused on scalable gaming infrastructure, according to the report.Gherghelas said the focus on infrastructure funding signaled that “investor confidence in the long-term potential of Web3 gaming remains intact,” with a few stand-out projects in the quarter, such as those from MARBLEX and The Game Company.MARBLEX, the blockchain gaming division of South Korean game developer Netmarble, has plans for a Semi-Publishing Model to support a wider variety of Web3 games, backed by a joint fund exceeding $20 million with Immutable. Most of the funding for Web3 gaming last quarter went to infrastructure-focused projects. Source: DappRadarMeanwhile, Dubai-based startup The Game Company, a firm focused on blockchain-based cloud gaming, received $10 million in funding on Feb. 6 to help develop a platform that allows users to play any game on any device.Related: Blockchain gaming market is a ‘game of musical chairs’ — Gunzilla execGherghelas said that as the Web gaming industry matures, there is “a clear push toward quality, innovation, and interoperability — whether through upgraded gameplay, new identity layers, or AI-enhanced mechanics.”Magazine: Illegal arcade disguised as … a fake Bitcoin mine? Soldier scams in China: Asia Express

The FDIC has thrown open the gates to crypto innovation, scrapping key barriers and embracing blockchain with a push for regulatory clarity. FDIC Shifts Crypto Rules, Sets the Stage for Digital Asset Banking Boom Acting Chairman Travis Hill used his address at the American Bankers Association’s Washington Summit on April 8 to lay out the […]

XRP price started a fresh increase above the $1.950 resistance. The price is now consolidating and must settle above $2.00 for more gains. XRP price started a fresh increase above the $1.880 and $1.950 levels. The price is now trading above $1.920 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $1.9750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend gains if there is a close above the $2.00 resistance zone. XRP Price Eyes Fresh Gains XRP price managed to stay above the $1.780 support zone and started a fresh increase, like Bitcoin and Ethereum. The price climbed above the $1.880 and $1.950 resistance levels. A high was formed at $2.089 and the price recently started a downside correction. There was a move below the $2.00 support zone. The price dipped below the 23.6% Fib retracement level of the upward move from the $1.7210 swing low to the $2.0895 high. However, the bulls were active near the $1.920 support. The price is now trading above $1.950 and the 100-hourly Simple Moving Average. Recently, there was a break above a short-term bearish trend line with resistance at $1.9750 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.00 level. The first major resistance is near the $2.050 level. The next resistance is $2.0750. A clear move above the $2.0750 resistance might send the price toward the $2.120 resistance. Any more gains might send the price toward the $2.150 resistance or even $2.20 in the near term. The next major hurdle for the bulls might be $2.320. Another Decline? If XRP fails to clear the $2.00 resistance zone, it could start another decline. Initial support on the downside is near the $1.950 level. The next major support is near the $1.920 level. If there is a downside break and a close below the $1.920 level, the price might continue to decline toward the $1.90 support and the 50% Fib retracement level of the upward move from the $1.7210 swing low to the $2.0895 high. The next major support sits near the $1.850 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.950 and $1.90. Major Resistance Levels – $2.00 and $2.0750.

New York Attorney General Letitia James has sent a letter to US congressional leaders urging “common sense” federal crypto regulations and to keep digital assets out of US pensions.“I am urging Congress to pass legislation that would strengthen federal regulations on the cryptocurrency industry to protect investors, strengthen financial markets, and stop fraud,” James said in a 14-page letter shared on April 10, outlining six major risks if the sector remains unregulated.She said that without appropriate safeguards, the “unchecked proliferation of digital assets” undermines US dollar dominance, weakens national security due to criminal activity, and “undermines the stability of financial markets.” Unregulated crypto also subjects investors to “price manipulation and rigged markets,” facilitates fraud that “drains billions of dollars from hardworking Americans, and extracts assets and investments from the American economy,” she said. An excerpt of James’ letter to Congress. Source: Office of the New York State Attorney GeneralJames made a number of recommendations and pushed Congress for legislation that would require stablecoin issuers to have a US presence and regulatory oversight and mandate backing stablecoins with US dollars or treasuries. She also wants regulations that require platforms to work only with anti-money laundering-compliant entities, establish registration requirements for issuers and intermediaries, protect against conflicts of interest and promote price transparency and require fraud prevention measures.No crypto assets in pension funds The New York’s top lawyer also aired her concerns about including crypto in pension funds. “Digital assets are uniquely unsuitable for retirement savings due to their high volatility,” she said, claiming that they have no value.“The underlying value of cryptocurrency is unpredictable and not determined by true price discovery because they have no intrinsic value on which their prices are based.”James also urged against retirement funds investing in crypto-tracking exchange-traded funds, stating that “unlike traditional exchange-traded funds backed by stocks and bonds, cryptocurrency held to back cryptocurrency ETFs are at risk of permanent theft.” Related: US lawmaker will reintroduce crypto retirement bill to help Trump agenda“As Congress takes the mantle to propose legislation governing the cryptocurrency industry, we hope it also takes action to mitigate the risks posed by the industry to America’s national security, financial stability, and citizens,” James said. The call for regulation follows the US Department of Justice’s reported dismantling of its federal criminal cryptocurrency fraud enforcement division.Magazine: 3 reasons Ethereum could turn a corner: Kain Warwick, X Hall of Flame

Bitcoin could hover in the low $80,000s in the near term if it fails to break through its next resistance level, CryptoQuant says, while other analysts predict the cryptocurrency will hit a fresh all-time high within the next two months.CryptoQuant analysts said in an April 10 markets report that if Bitcoin (BTC) “continues to rally,” it could hit resistance around the $84,000 price level, but if it breaks through, it could soar before its next resistance level of $96,000.Bitcoin’s previous support levels are now resistance“These price levels have acted as price support during this bull cycle but can now act as price resistance if bullish conditions don’t continue to improve,” CryptoQuant said in its report. “This has been the case in past bearish cycles.”Bitcoin was trading at $79,474 at the time of publication, down 3.5% over the past day, according to CoinMarketCap data.Bitcoin is down 2.24% over the past 30 days. Source: CoinMarketCapApril has been a volatile month for Bitcoin. US President Donald Trump ramped up global tariffs on April 2, which triggered fear in financial markets, before later abruptly pausing them for 90 days and softening the bearish momentum. Bitcoin briefly rose above $85,000 on April 1, but it pulled back to around $76,000 by April 8 due to uncertainty surrounding Trump’s tariff plans.CryptoQuant said prices recovered “most of the lost ground” on April 9, after Trump announced the 90-day pause on tariffs to all countries except China, which have now been ramped up to 145%.Bitcoin may first find resistance at $84,000 and then at the $96,000 area. Source: CryptoQuantAfter Trump’s tariff pause announcement on April 9, both the crypto and broader financial markets saw a wider surge.Bitcoin surged by approximately 9%, reversing most of the losses it incurred earlier in the week, to retest $83,000. Meanwhile, the S&P 500, which tracks the 500 largest public US companies, closed 9.52% higher, its third-largest single-day gain since World War II. The Nasdaq 100 posted a 12.02% gain over the trading day.Abra Global CEO Bill Barhydt said in an April 10 X post that it may only be a matter of months before Bitcoin sees its price go almost 29% above its $109,000 all-time high set in January.“Bitcoin is a levered bet on tech stocks, and all of it is going up and to the right,” Barhydt said, adding that Bitcoin may go as high as $130,000 to $140,000 by late June.Related: Bitcoin ‘significantly de-risked here’ as nearly 80% of cyclical price correction is done — AnalystHe pointed to the “very significant increase in global money supply” as the reasoning behind his claim that Bitcoin could reach significantly higher levels by “midsummer at the latest.” It echoes a similar sentiment to Real Vision chief crypto analyst Jamie Coutts, who told Cointelegraph last month that “the market may be underestimating how quickly Bitcoin could surge — potentially hitting new all-time highs before Q2 is out.”However, according to CryptoQuant’s Bull Score Index, Bitcoin has been in one of its least bullish phases since November 2022.CryptoQuant said that of the ten bull signals it tracks in its Bull Score Index, only one is still active, with Bitcoin trading above its 365-day moving average.It said the market needs to wait and see if the bull signals “switch back on” in the coming weeks following Trump’s recent decision to pause his tariffs.Magazine: Memecoin degeneracy is funding groundbreaking anti-aging researchThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Solana-based memecoin Fartcoin (FARTCOIN) has outperformed the broader crypto market so far in April, rising over 104% versus SOL being down 2% for the week. As of April 10, it was trading for as high as $0.87.FARTCOIN/USD vs. TOTAL crypto market cap 30-day performance. Source: TradingViewThe cryptocurrency’s outperformance appears despite US President Donald Trump’s seesaw tariff announcements that have wiped nearly $160 billion from the crypto market capitalization in April.FARTCOIN has outperformed even other memecoins inside the Solana ecosystem, the primary being Official Trump (TRUMP), which has dropped by approximately 25% in April. As it seems, the third-largest Solana memecoin could rise another 30% in April due to a classic bullish continuation setup.FARTCOIN bull flag hints a new highsFARTCOIN’s bullish technical outlook arises from its prevailing bull flag setup.On April 10, FARTCOIN was breaking out of the channel range to the upside. FARTCOIN/USDT four-hour price chart. Source: TradingViewThis trend projects a potential move toward $0.95—just under the psychologically significant $1 mark—by April.The relative strength index (RSI) is hovering in bullish territory above 66, suggesting there’s still room for further gains before entering overbought conditions above the 70 mark. Additionally, FARTCOIN’s price is gaining support from its 50-4H (red) and 200-4H (blue) exponential moving averages (EMA). As long as Fartcoin stays above them, the bull flag breakout may play out in full, potentially resulting in a rally to $0.95.FARTCOIN mimicks Pepe’s path to a $3 billion market capFartcoin is showing the same signs that preceded Pepe’s (PEPE) explosive run from around $300 million to over $3 billion in market cap in the 2023-2024 period, according to market analyst @theunipcs.“I’m talking $300m to $500m in daily [spot] volume,” the analyst wrote about Fartcoin while mentioning its absence at Binance, Coinbase, Bybit, Upbit, and OKX exchanges.In the past 24 hours, FARTCOIN’s volume has been over $446.84 million versus Bonk’s (BONK) $129.85 million and Shiba Inu’s (SHIB) $319.43 million, according to data resource CoinMarketCap. Top memecoins and their price and volume performances. Source: CoinMarketCapMeanwhile, Fartcoin is going head-to-head with TRUMP, which posted approximately $661.78 million in trading volume over the past 24 hours. However, onchain data reveals that Fartcoin is processing nearly double the value in actual transfers, suggesting deeper engagement and utility despite TRUMP’s headline volume figures.FARTCOIN vs. TRUMP daily transfer value chart. Source: SOLSCANAs a result, FARTCOIN appears to be in the middle of a powerful hype-driven rally, which improves its interim bullish outlook. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.