Welcome to the Daily General Discussion on r/ethereum https://imgur.com/3y7vezP Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2 Please use this thread to discuss Ethereum topics, news, events, and even price! Price discussion posted elsewhere in the subreddit will continue to be removed. As always, be constructive. – Subreddit Rules Want to…
Read more
submitted by /u/hiorea [link] [comments]
Crypto entrepreneur Anthony Pompliano says that US President Donald Trump shouldn’t follow through on his recent threat to fire the head of the US Federal Reserve, saying it would set a dangerous precedent — especially considering the true motive behind it.“I do not believe that the President of the United States should come in and unilaterally fire the Fed President,” Pompliano said in a video posted on X on April 18.Firing over disagreement is a slippery slope, says PomplianoPompliano said, “Where you have a disagreement and then the firing, I think that’s not really the area that we want to go into.”“The idea of firing the Fed chairman is a very bad precedent to set this way.”It comes after Trump took to his social media platform Truth Social to accuse Fed chair Jerome Powell of being too slow to cut interest rates. “Powell’s termination cannot come fast enough!” Trump said on April 17.Anthony Pompliano made the remarks on his online show “From The Desk of Anthony Pompliano.” Source: Anthony Pompliano Pompliano explained that while the Fed is meant to operate independently, he agrees with critics who argue it’s not truly independent. “The Fed, I think, is highly politicized, even though they pretend not to be,” he said.Pompliano acknowledged his own criticism of the Fed, saying he’s not exactly a fan, but emphasized that even if the Fed has made mistakes, responding in kind isn’t the right approach.“I still think that just because somebody else is doing something wrong doesn’t mean that you should do something wrong,” Pompliano said.US Senator Elizabeth Warren recently warned that if Trump eventually moves to fire Powell, it could undermine investor confidence in the integrity of US capital markets and trigger a financial crash. “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,” Warren said during an appearance on CNBC.Related: Fed’s Powell reasserts support for stablecoin legislationLower interest rates often lead to increased liquidity, which has historically led to higher prices of perceived riskier assets like Bitcoin and other cryptocurrencies.It comes not long after Powell said establishing a stablecoins legal framework was a “good idea.” In an April 16 panel at the Economic Club of Chicago, Powell said, “The climate is changing, and you’re moving into more mainstreaming of that whole sector, so Congress is again looking […] at a legal framework for stablecoins.”Magazine: Your AI’ digital twin’ can take meetings and comfort your loved ones
Crypto entrepreneur Anthony Pompliano says that US President Donald Trump shouldn’t follow through on his recent threat to fire the head of the US Federal Reserve, saying it would set a dangerous precedent — especially considering the true motive behind it.“I do not believe that the President of the United States should come in and unilaterally fire the Fed President,” Pompliano said in a video posted on X on April 18.Firing over disagreement is a slippery slope, says PomplianoPompliano said, “Where you have a disagreement and then the firing, I think that’s not really the area that we want to go into.”“The idea of firing the Fed chairman is a very bad precedent to set this way.”It comes after Trump took to his social media platform Truth Social to accuse Fed chair Jerome Powell of being too slow to cut interest rates. “Powell’s termination cannot come fast enough!” Trump said on April 17.Anthony Pompliano made the remarks on his online show “From The Desk of Anthony Pompliano.” Source: Anthony Pompliano Pompliano explained that while the Fed is meant to operate independently, he agrees with critics who argue it’s not truly independent. “The Fed, I think, is highly politicized, even though they pretend not to be,” he said.Pompliano acknowledged his own criticism of the Fed, saying he’s not exactly a fan, but emphasized that even if the Fed has made mistakes, responding in kind isn’t the right approach.“I still think that just because somebody else is doing something wrong doesn’t mean that you should do something wrong,” Pompliano said.US Senator Elizabeth Warren recently warned that if Trump eventually moves to fire Powell, it could undermine investor confidence in the integrity of US capital markets and trigger a financial crash. “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,” Warren said during an appearance on CNBC.Related: Fed’s Powell reasserts support for stablecoin legislationLower interest rates often lead to increased liquidity, which has historically led to higher prices of perceived riskier assets like Bitcoin and other cryptocurrencies.It comes not long after Powell said establishing a stablecoins legal framework was a “good idea.” In an April 16 panel at the Economic Club of Chicago, Powell said, “The climate is changing, and you’re moving into more mainstreaming of that whole sector, so Congress is again looking […] at a legal framework for stablecoins.”Magazine: Your AI’ digital twin’ can take meetings and comfort your loved ones
XRP has been trading under pressure in recent weeks, losing much of the momentum it built during its late 2024 to early 2025 rally. After reaching highs above $3.40, the asset has experienced an 18.3% decline over the past month, reflecting broader market softness. At the time of writing, XRP trades significantly below its peak at a price of $2.06, with subdued investor activity and falling market participation across both spot and derivatives markets. Related Reading: XRP Breakout Still Likely This April, Analyst Says $12+ In Play XRP On-Chain Activity Slows, But Price Remains Relatively Stable Amid XRP’s decline, a CryptoQuant analyst known as EgyHash has recently shared his analysis on the altcoin in a post titled, “XRP’s Market Paradox: With Ledger Activity Dipping 80%, Is a Rebound on the Horizon?” According to EgyHash, XRP’s on-chain and futures market data presents a mixed picture—declining activity but resilience in price. EgyHash noted that XRP Ledger activity has fallen sharply since December, with the percentage of active addresses down by 80%. Similar declines have been observed in the futures market, where open interest has dropped roughly 70% from its highs, and funding rates have occasionally turned negative. He added that the Estimated Leverage Ratio, which gauges average user leverage by comparing open interest to coin reserves, has also dropped significantly. Despite these indicators pointing to weakening momentum, the altcoin’s price has only declined about 35% from its peak. This is a milder correction compared to other assets such as Ethereum, which has fallen roughly 60% over the same period. Additionally, the altcoin’s Exchange Reserve has continued to decline, reaching levels last observed in July 2023. Lower reserves typically suggest that fewer tokens are available for immediate sale, a factor that can help support prices during market downturns. According to EgyHash, this trend, along with relatively stable pricing, could indicate growing long-term confidence in the asset. Institutional Developments Could Strengthen Market Sentiment While on-chain metrics remain a focus, institutional developments may also play a role in shaping XRP’s future trajectory. Hong Kong-based investment firm HashKey Capital recently announced the launch of the HashKey XRP Tracker Fund—the first XRP-focused investment vehicle in Asia. Backed by Ripple as the anchor investor, the fund is expected to transition into an exchange-traded fund (ETF) in the future. The initiative is designed to attract more institutional capital into the XRP ecosystem. HashKey Capital is launching Asia’s first XRP Tracker Fund—with @Ripple as an early investor. This marks a major step in expanding institutional access to XRP, the third-largest token by market cap. 🧵👇 — HashKey Capital (@HashKey_Capital) April 18, 2025 HashKey Capital has also indicated that this collaboration with Ripple could lead to further projects, including tokenized investment products and decentralized finance (DeFi) solutions. Related Reading: XRP To $50? Technical Analyst Lays Out The Roadmap Vivien Wong, a partner at HashKey, emphasized the strategic value of integrating Ripple’s network with regulated investment infrastructure across Asia. Although the altcoin faces near-term pressure, long-term developments, including decreasing exchange reserves and rising institutional interest, may support its recovery as the broader market stabilizes. Featured image created with DALL-E, Chart from TradingView
Chinese purchases of U.S. Treasuries rose in February, when the Trump Administration enacted a 10% tariff on any imports coming from the Asian country. According to the Treasury International Capital (TIC) reporting system, China increased its U.S. debt holdings to $784.3 billion, up from $760.8 billion. Japan, another country heavily affected by these tariff measures, […]
Macroeconomist 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.Bitcoin’s 24/7 trading bolsters volatility when TradFi “freaking out”However, she said that a “massive liquidity unlock” could be the catalyst needed for Bitcoin (BTC) 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.Lyn Alden spoke to Coin Stories’ host Natalie Brunell on April 17. Source: Natalie BrunellWhile Alden said that there is a “good chance” Bitcoin reclaims the $100,000 price level before the end of the year, she emphasized that broader financial market “down days” will remain a challenge for the asset, especially since Bitcoin trades 24/7, unlike traditional stock markets with trading hours.“Because it trades 24/7, if people are worried about how things are going to open on Monday, some pools of capital can sell their Bitcoin on a Sunday and prepare,” she said. Alden explained that crypto’s round-the-clock trading contributes to its “volatile pricing,” particularly when traditional financial markets are “freaking out.”Bitcoin is down 0.95% over the past 30 days. Source: CoinMarketCapAt the time of publication, Bitcoin is trading at $84,950, according to CoinMarketCap data.However, Alden said Bitcoin can “disconnect” from the Nasdaq 100, especially in situations that “hurt Nasdaq margins” without affecting global liquidity. As an example, she pointed to a potential repeat of the five years leading up to the 2008 global financial crisis, which she believes could be favorable for Bitcoin.Related: Bitcoin whales absorb 300% of newly mined BTC supply — Is $100K next?She pointed to the 2003–2007 period, where there was a weaker US dollar cycle, and while there wasn’t a mass exodus of capital, it did flow into “emerging markets,” commodities, gold, and other assets — with US stocks not “really being the place to be.”“If we encounter a five-year period like that again, that could be a period where Bitcoin does pretty well, even as the US stock market doesn’t do particularly well.”Alden wrote in a September research report that Bitcoin moves in the direction of global M2 83% of the time in a given 12-month period. The research termed “Bitcoin a Global Liquidity Barometer” compared Bitcoin to other major asset classes such as SPX, gold and VT, and BTC topped the correlation index concerning global liquidity.Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express
Macroeconomist 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.Bitcoin’s 24/7 trading bolsters volatility when TradFi “freaking out”However, she said that a “massive liquidity unlock” could be the catalyst needed for Bitcoin (BTC) 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 quantitative easing (QE), Alden explained.Lyn Alden spoke to Coin Stories’ host Natalie Brunell on April 17. Source: Natalie BrunellWhile Alden said that there is a “good chance” Bitcoin reclaims the $100,000 price level before the end of the year, she emphasized that market “down days” will remain a challenge for the asset, especially since Bitcoin trades 24/7, unlike traditional stock markets with trading hours.“Because it trades 24/7, if people are worried about how things are going to open on Monday, some pools of capital can sell their Bitcoin on a Sunday and prepare,” she said. Alden explained that crypto’s round-the-clock trading contributes to its “volatile pricing,” particularly when traditional financial markets are “freaking out.”At the time of publication, Bitcoin is trading at $84,868, according to CoinMarketCap data.However, Alden said Bitcoin can “disconnect” from the Nasdaq 100. “Anything that hurts Nasdaq margins but doesn’t affect global liquidity,” she said. Alden said that a repeat of the five years leading up to the 2008 Global Financial Crisis, could potentially be favorable for Bitcoin.Related: Bitcoin whales absorb 300% of newly mined BTC supply — Is $100K next?She pointed to the 2003–2007 period, where there was a weaker US dollar cycle, and while there wasn’t a mass exodus of capital, it did flow into “emerging markets,” commodities, gold, and other assets — with US stocks not “really being the place to be.”“If we encounter a five-year period like that again, that could be a period where Bitcoin does pretty well, even as the US stock market doesn’t do particularly well.”Alden wrote in a September research report that Bitcoin moves in the direction of global M2 83% of the time in a given 12-month period. The research termed “Bitcoin a Global Liquidity Barometer” compared Bitcoin to other major asset classes such as SPX, gold and VT, and BTC topped the correlation index concerning global liquidity.Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express
On-chain data shows the largest of Bitcoin investors have continued to buy recently. Here’s whether the other cohorts have followed in the footsteps of these titans or not. Mid-Sized Bitcoin Holders May Finally Be Showing A Shift In a new post on X, the on-chain analytics firm Glassnode has discussed about the how the Accumulation Trend Score has looked for the various cohorts in the Bitcoin market. The “Accumulation Trend Score” is an indicator that tells us about whether the Bitcoin investors are participating in buying or selling. The metric checks not only the balance changes happening in the wallets of the holders, but also the size of the holdings themselves. This means that the indicator puts a higher weightage on the changes taking place that involve the large investors. When the metric has a value greater than 0.5, it means the large addresses (or a large number of small entities) are participating in accumulation. The closer the metric gets to the 1 mark, the stronger this behavior becomes. Related Reading: This Bitcoin Bear Confirmation Is Yet To Appear, Glassnode Reveals On the other hand, the indictor being under 0.5 implies the holders are taking part in distribution, or simply not doing any accumulation. Here, the extreme point lies at the 0 level. In the context of the current topic, the Accumulation Trend Score of the entire sector isn’t of interest, but rather that of each investor cohort separately. There are different ways to classify holders, but the relevant one here is on the basis of wallet size. Below is the chart for the indicator shared by the analytics firm that shows how the behavior has changed for the Bitcoin holder groups over the past year. As is visible in the above graph, the Bitcoin Accumulation Trend Score took a bright red shade for all cohorts back in February, indicating market-wide strong distribution. Since this selloff, the indicator’s value has gone up for the various cohorts, implying a cooldown of selling pressure has occurred. This cooldown has varied across the groups, however, with one cohort in particular diverging far away from the rest: the 10,000+ BTC holders. Popularly, the investors carrying between 1,000 to 10,000 BTC are known a the whales, so these holders, who are even more humongous, could be termed the “mega whales.” From the chart, it’s apparent that this group took to buying in March and has since seen its accumulation deepen as the Bitcoin Accumulation Trend Score has reached a value of around 0.7. The rest of the market has also been easing up its distribution in this period, but none of them have moved into the accumulation territory yet. That said, the 10 to 100 BTC investors are close, with the score now sitting at 0.5 for them. “This suggests at a possible shift in sentiment from mid-sized holders,” notes Glassnode. Related Reading: Bitcoin Realized Cap Sets New Record, But Momentum Fades It now remains to be seen whether the trend of increase in the indicator would continue in the coming days and the rest of the Bitcoin cohorts would catch up with the mega whales or not. BTC Price Bitcoin has taken to sideways movement recently as its price is still trading around $84,500. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
submitted by /u/Every_Hunt_160 [link] [comments]
