🇨🇳 China's Increased Purchases of U.S. Treasuries Amid Tariff Measures

📈 In February, Chinese purchases of U.S. Treasuries rose significantly despite the Trump Administration's implementation of a 10% tariff on imports from China. According to the Treasury International Capital (TIC) reporting system, China's U.S. debt holdings increased from $760.8 billion to $784.3 billion. Japan, another country impacted by these tariffs, also boosted its U.S. Treasury holdings during the same period.

🛡 Lou Brien, a market strategist at DRW, suggested that this behavior could be a form of self-preservation for these countries. He emphasized,

In particular, Japan and China have a lot to lose if they were to decide to sell Treasuries and make it known that they’re selling Treasuries.

🚨 Michael Saylor’s MicroStrategy Acquires 6,556 Bitcoins For $555 Million 📢

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🛡 Telegram's Commitment to User Privacy Amid EU Regulations

🗣 Pavel Durov, the founder of Telegram, recently defended the platform's commitment to user privacy in light of European Union regulations and France's controversial stance on encryption. He emphasized that Telegram has never shared user message data with authorities throughout its 12-year history. Durov stated,

In its 12-year history, Telegram has never disclosed a single byte of private messages.

📜 Durov pointed out that a proposed law in France aimed at banning encryption was halted by the National Assembly after passing the Senate. He warned that if such a law were enacted, it would require all messaging apps in France to implement backdoors for government access to user messages. He argued that

It’s technically impossible to guarantee that only the police can access a backdoor. Once introduced, a backdoor can be exploited by other parties — from foreign agents to hackers.

🔍 He further noted that this approach could drive criminal groups to smaller, less regulated apps, undermining the law's intended purpose. Despite the pressures from EU regulations, Durov affirmed that Telegram respects its users' privacy rights. He clarified that under the EU Digital Services Act, the platform would only disclose IP addresses and phone numbers of criminal suspects if presented with a valid court order, not the content of their messages.

🚨 Durov also addressed rumors regarding his arrest in France and its impact on Telegram's compliance with EU privacy laws. He clarified that it was the French police who began to enforce the law following his arrest, not Telegram yielding to pressure.

🚀 Russia's Bold Move: Legalizing Crypto for Elite Investors

🗣 A significant shift in the cryptocurrency landscape is occurring as Russia prepares to launch a regulated crypto exchange aimed at elite investors. This initiative, spearheaded by the Finance Ministry and the Central Bank, seeks to bring digital assets into the legal framework, moving them out of the shadows of ambiguity.

📅 During a recent event, Russian Finance Minister Anton Siluanov announced that the Ministry is collaborating with the Bank of Russia to establish a cryptocurrency exchange specifically for super-qualified investors. He stated,

Together with the central bank, we will launch a crypto exchange for super-qualified investors. Crypto assets will be legalized, and crypto operations will be brought out of the shadows.

This initiative aims to align crypto-related activities with the country's experimental legal regime (ELR).

💰 The eligibility criteria for this exclusive group of investors include holding over 100 million rubles ($1.2 million) in investments or having an annual income exceeding 50 million rubles. However, these thresholds are subject to change. Osman Kabaloev, Deputy Director of the Financial Policy Department, mentioned the possibility of adjusting these requirements, stating,

Perhaps it will be in this format or these indicators will be somehow adjusted in one direction or another — this is possible. I think there will be a wide range of discussions.

🔄 Under the ELR, super-qualified investors will be able to engage in cryptocurrency transactions directly, while standard qualified investors can only access crypto through non-deliverable derivatives linked to its price. The Moscow Exchange is preparing for this transition, with plans to start trading cryptocurrency-linked derivatives in 2025, pending regulatory approval.

🤔 Despite the optimism surrounding this development, there are voices of skepticism. Igor Danilenko, head of asset management at Renaissance Capital, expressed concerns about the fundamental basis of cryptocurrencies. He argued that there are better alternatives for hedging against inflation that do not involve tokens lacking real collateral. He cautioned that such tokens depend on a constant influx of new buyers and resemble pyramid schemes.

💰 Loopscale Offers Deal to Hacker Behind $5.7 Million Exploit

🔍 Loopscale, an on-chain borrowing and lending platform, has proposed a deal to the hacker responsible for a recent exploit involving $5.7 million in USDC and 1,200 SOL. The platform is offering the hacker the opportunity to return 90% of the stolen funds while keeping 10% as a bounty reward. Additionally, Loopscale promises to grant the hacker "full immunity from liability regarding the attack."

🚨 Despite this offer, Loopscale has made it clear that it is actively collaborating with law enforcement and exchanges to monitor and freeze the stolen funds. This announcement came less than 24 hours after the platform revealed the exploit, which involved manipulation of its Ratex PT token pricing functions. As a result of the incident, Loopscale temporarily halted all its markets.

📉 The exploit affected approximately 12% of the funds on the platform and specifically targeted depositors in the Loopscale USDC and SOL vaults. While loan repayments and other functions have been partially restored, some features remain temporarily restricted. Loopscale clarified that the root cause of the exploit was an isolated issue with its pricing of RateX-based collateral, emphasizing that there was no problem with RateX itself.

⏳ Loopscale has set a deadline for the hacker to accept the bounty offer, stating that failure to comply by April 28 at 6 a.m. EST will result in legal action. The platform also noted that the attacker's addresses have been traced and shared with relevant exchanges and off-ramps.

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Daily View

1️⃣ Bitcoin Stats

$BTC is experiencing a modest rebound with speculative funds returning to the market, amid analysis focusing on key price support levels.

2️⃣ Token to Watch

$HOSICO $0.0365 +53.20%
$HOUSE $0.0895 +48.23%

3️⃣Daily Focus

- Institutional interest remains evident, with large inflows into Bitcoin and Ethereum spot ETFs occurring recently.
- On the macro front, uncertainty persists as tariffs and economic conditions raise questions about near-term growth, while Federal Reserve policies and inflation data continue to influence market sentiment.

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🌐 MEXC's $30 Million Web3 Initiative: A Commitment to Blockchain Innovation

💰 MEXC, a prominent cryptocurrency exchange, has launched a $30 million initiative called IgniteX to support the development of Web3 talent globally. In an interview, COO Tracy Jin emphasized the importance of people in building the future of Web3, stating,

We believe the future of web3 depends on the people building it.

The program will offer scholarships, blockchain courses, hackathons, technical mentorship, and startup accelerator programs.

🌍 MEXC's approach is global, with Jin stating,

We don’t care where you are, if you have a good idea and it solves a real-world problem, we will be there.

This reflects the exchange's commitment to being more than just a marketplace; it aims to be an active catalyst for real-world innovation.

⚠️ However, Jin also addressed the risks associated with the booming real-world asset (RWA) tokenization sector. She noted that while the total value locked in on-chain RWAs has surged past $21 billion and is projected to reach $16 trillion by 2030, this growth comes with fragility. She warned,

The recent collapse of OM token... showed how quickly confidence can vanish when transparency or utility is compromised.

Jin urged investors to focus on fundamentals like asset backing, regulatory clarity, and transparent teams, stating,

RWA tokenization is not just a tech play, it’s built on trust.

📈 On the topic of Bitcoin, Jin pointed to recent price movements that suggest a potential rebound in Q2 2025. She reported a 25% increase in spot trading volume and a 15% bump in futures trading volume, noting that traders are reducing leverage and moving into spot positions. She said,

All of this suggests shifting market sentiment and the potential for new price discovery.

Additionally, Jin mentioned increasing capital inflows and renewed institutional interest in Bitcoin as a hedge and store of value.

📜 As global regulations tighten, MEXC is proactively strengthening its compliance teams across all regions. Jin stated,

We’re not waiting to react. We’re working with local regulators and legal partners to align with new policies.

She argued that regulatory clarity will filter out bad actors, protect users, and create a stable foundation for tokenized assets and institutional trading.

🔗 Looking ahead, Jin highlighted the emerging trend of Decentralized Physical Infrastructure Networks (DePIN), which allow communities to own and operate real-world infrastructure and get rewarded in crypto. She sees massive long-term potential in this model for lowering costs and shifting ownership from corporations to communities.

🚀 With its significant funding initiatives, proactive regulatory stance, and strong market insights, MEXC is positioning itself as a leader in ecosystem development under Jin’s leadership. The exchange is taking a proactive role in shaping the future of Web3 by supporting builders, identifying risks, and staying ahead of industry narratives.

🌍 BRICS Nations Accelerate Shift from Western Finance

💬 The BRICS countries are intensifying their efforts to move away from Western-dominated financial systems by promoting local currency trade, cross-border payment systems, and innovative investment platforms. During a recent meeting in Rio de Janeiro, foreign ministers from these nations emphasized their commitment to reducing reliance on dominant global currencies.

📜 The official Chair’s Statement from the meeting highlighted the importance of expanding the use of local currencies in trade and financial transactions within the BRICS bloc and with partner countries. Hosted under Brazil’s 2025 BRICS Chairship, the meeting underscored the group's intention to enhance economic sovereignty and regional cooperation through new monetary tools.

The ministers underscored the importance of the enhanced use of local currencies in trade and financial settlements between BRICS countries and their trade partners.

🔍 The statement referenced paragraph 66 of the Kazan Declaration, which directs finance ministers and central bank governors to continue examining the use of local currencies and payment instruments. This includes assessing the feasibility of a BRICS cross-border payments initiative, BRICS Clear, and enhancing the bloc’s reinsurance capacity. These initiatives are seen as crucial for deepening financial integration among BRICS members and reducing vulnerabilities to external economic shocks.

💰 The group also reaffirmed its commitment to fostering investment within its own ranks and across the Global South. The statement noted:

They emphasized the importance of continuously expanding local currency financing and strengthening innovation in investment and financing tools.

🌐 This strategy aligns with broader goals of financial inclusivity, economic resilience, and a transition toward a multipolar economic system that better reflects the interests of emerging markets and developing countries.

💡 The focus on local currencies and financial platforms complements ongoing discussions about BRICS-led alternatives to existing global payment systems. Ministers are expected to present concrete proposals for BRICS leaders to review, building on the momentum created by prior declarations and new institutional frameworks designed to accelerate intra-bloc economic collaboration.

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Daily View

1️⃣ Bitcoin Stats

$BTC is testing critical resistance near $93,000, with analysts warning that a failure to hold above this level could trigger significant technical and psychological setbacks.

2️⃣ Token to Watch

$PARTI $0.2817 +24.03%
$CHILLGUY $0.0534 +20.59%

3️⃣ Daily Focus

The Federal Reserve's May meeting is imminent, and expectations for a rate cut have diminished to only 2.7%, contributing to cautious sentiment. Meanwhile, broader regulatory developments and shifting institutional strategies also influence market dynamics.

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💰 Bitcoin's Surge: Approaching $100,000 Amidst Growing Institutional Interest

📈 Bitcoin's price surged to $97,469 per coin, after hovering around $94,000 for most of the day. With a trading volume of $24.27 billion, it accounted for 33.11% of all trades. The leading cryptocurrency climbed over $3,500 from its intraday low on May 5, reaching its latest high just after 8:25 p.m. Eastern on Tuesday. At that time, BTC was trading at $97,283, reflecting a 2% increase in 24 hours and a 2.8% rise for the week. This uptick also boosted the broader market, which now stands at $2.98 trillion after a daily gain of 1.16%.

🔝 However, Bitcoin faces significant resistance at $97,800, $98,000, and other subsequent price levels. Four days prior, it reached a peak of $97,938 but has not surpassed it since, despite strong bullish pressure. Following that peak, the coin experienced a steady decline culminating in a sharp drop on May 5, accompanied by heavy selling.

📊Current oscillator metrics suggest a cautiously optimistic outlook for BTC/USD. The Relative Strength Index (RSI) is near 66, indicating approaching overbought levels while remaining within neutral parameters. This signals ongoing accumulation dynamics without excessive speculation. The Average Directional Index (ADX) at 30 indicates an emerging trend trajectory consolidating momentum without achieving definitive directional dominance.

🔄 Today's rebound reflects renewed investor enthusiasm and a potential psychological shift after recent retracements. Data from Coinglass shows that over $40 million in BTC short positions were forcibly unwound in the past four hours, with more than $55 million liquidated in the previous 24 hours. Overall market signals increasingly align with a maturing bullish posture, albeit one that remains tempered and non-exuberant.

As bitcoin approaches $100,000 once again, a growing theme is for private companies to add more BTC to their balance sheet, there are currently about 70 companies doing this worldwide,

said Greg Magadini, director of derivatives at Amberdata. He added,

Combine this theme with returning inflows into bitcoin ETFs and now new ATHs are back in sight.

Magadini also noted that during last week’s MSTR earnings call, Saylor suggested that MSTR would double its acquisition plans from 21/21 to 42/42, planning to raise $84B for BTC purchases over the next two years.

Crypto Resurgence in April 2025

1️⃣ Bitcoin bounced back big time, breaking $90K thanks to a U.S. tariff pause & renewed market optimism. Now $BTC has skyrocketed to over $100k!

2️⃣ Innovations in Bitcoin staking and high-speed blockchains like Monad added depth to the ecosystem.

3️⃣ Stablecoin inflows remained strong, though growth slowed, hinting at potential consolidation before the next major move.

Looking ahead, May will be crucial. Watch for regulatory shifts, economic data, and key technological developments to guide the market's direction.

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🔄 Finder Partners with Swyftx for User Migration

📰 Aussie fintech firm Finder has teamed up with Swyftx to assist its users in migrating to the latter's crypto exchange platform. Finder Wallet users can choose to transfer their cryptocurrency balances to their existing or newly created Swyftx accounts. However, users must consent to this transfer, which will be managed by the Finder team.

🔗 The migration process involves sending users two links: one for current Swyftx users and another for new users. Existing Swyftx users need to log in through the provided link to authorize the transfer. In contrast, new Swyftx users must sign up via the link.

Once a user has signed up and verified their account via this link, they will receive an email to the address they used to sign up with confirming the transfer of funds from their Finder Wallet to their Swyftx account,”

the Finder team explained.

🔄 It's important to note that Finder Wallet users holding MATIC or FTM will have these tokens converted to POL and SONIC, respectively, during the migration. This move comes as Finder decides to exit the crypto business amid a shifting regulatory landscape in the Australian cryptocurrency market. The Australian Securities and Investments Commission (ASIC) has increased its oversight of crypto-related products and services, leading to heightened scrutiny for some operators.

⚖️ Finder was previously involved in a legal dispute with ASIC over its “Earn” crypto product. Although Finder won the case in 2023, it has reportedly been downsizing for the past two years. In contrast, Swyftx has managed to avoid regulatory issues, allowing it to grow and establish itself as a key player in the Australian cryptocurrency exchange market. The exchange is registered with AUSTRAC, demonstrating its commitment to regulatory compliance.

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📈 Bitcoin ETFs Continue Strong Performance While Ether Funds Struggle

💰 Bitcoin ETFs have experienced their fourth consecutive week of net inflows, attracting $934 million in the week ending May 9. This surge is primarily driven by Blackrock’s IBIT, which alone contributed $1.03 billion in net inflows. Other notable performers include Fidelity’s FBTC with $62.44 million, Ark 21shares’ ARKB at $45.59 million, and Vaneck’s HODL with a smaller addition of $5.06 million.

🔻 However, not all funds fared well. Grayscale’s GBTC saw a significant outflow of $171.45 million, while Bitwise’s BITB and Franklin’s EZBC also reported redemptions of $26.77 million and $11 million respectively. The only day that recorded outflows was Tuesday, May 6; however, a strong inflow of $425 million on Monday helped maintain a positive weekly balance.

📉 In contrast, ether ETFs faced challenges with total weekly outflows reaching $38.15 million. Fidelity’s FETH led the losses with $37.17 million exiting, followed by Grayscale’s ETHE which saw $26.21 million withdrawn. Blackrock’s ETHA also lost $4.17 million. The only exception was Grayscale’s Ether Mini Trust that managed to attract $3.19 million in new capital.

🔄 As bitcoin ETFs continue to thrive, ether ETFs are under pressure, indicating a divergence in investor sentiment towards these two leading digital assets.

📈 Bitcoin's Market Overview on May 15, 2025

💹 On May 15, 2025, Bitcoin opened trading at $102,288 with a market capitalization of $2.03 trillion and a 24-hour trading volume of $26.86 billion. Throughout the day, its price fluctuated between $101,769 and $104,156, indicating limited volatility despite noticeable structural changes across various timeframes.

📊 The daily chart shows that Bitcoin has been on a bullish path since falling below $80,000 and reaching a recent peak of $105,700. This upward movement was backed by strong buying momentum, highlighted by a significant volume increase. However, recent red candles with long upper wicks indicate overhead resistance and growing seller interest. Despite this, technical indicators suggest a bullish trend persists, with all moving averages from the 10 to 200-period showing buy signals.

🔍 The 4-hour chart presents a more cautious view. Here, Bitcoin has created a double top at $105,700 and has retraced to about $100,764. The subsequent price action has formed a lower high, signaling bearish divergence. Recovery attempts have been weak, reflected in declining volume. Key indicators like the stochastic oscillator and relative strength index (RSI) show neutral readings, indicating indecision in the short term.

📉 On the hourly chart, Bitcoin is in a short-term downtrend, consistently forming lower highs and lower lows. Buying attempts have been feeble, with volume confirming low interest. The recent bounce from $101,550 lacks strength unless the $103,000 level is decisively reclaimed. Market participants are looking for long positions only above $102,800 with tight stop-losses, while failed tests of $103,000 present opportunities for short entries.

🔄 A comprehensive strategy suggests cautious optimism for the broader trend but vigilance on lower timeframes. The daily structure supports long entries on pullbacks to the $98,000–$100,000 range, while short entries on the 4-hour chart are advised near failed rallies at $103,000. Protective stop-loss placements are recommended below $98,000 for longs and above $104,000 for shorts.

⚖️ Overall, while the macrostructure aligns bullishly, immediate price action is characterized by a struggle between waning momentum and strong historical support zones. Traders are advised to adhere to disciplined entries, remain responsive to breakout confirmations, and respect key levels to navigate the transitional conditions present in Bitcoin’s current technical landscape.

🔮 Bull Verdict: If Bitcoin can hold above the $101,000 support level and break convincingly above $104,000 with strong volume, the bullish trend remains intact.

📉 Bear Verdict: Should Bitcoin fail to reclaim $103,000 and instead break below $101,000 with volume confirmation, it would signal further downside toward $100,000 or even $98,000.

🟢 Ethereum's Potential Reversal Against Bitcoin: Signs of an Upcoming "Alt Season"

📈 A recent Cryptoquant report suggests that Ethereum (ETH) may be on the brink of a significant turnaround against Bitcoin (BTC), potentially marking the beginning of an "Alt season." The ETH/BTC price ratio surged by 38% last week after reaching its lowest point since January 2020. On-chain data indicates decreased selling pressure and increasing institutional demand for ether.

🔍 According to Cryptoquant researchers, Ethereum's relative valuation against Bitcoin has entered an extreme undervaluation zone for the first time since 2019. This is based on the ETH/BTC MVRV metric. Historically, similar conditions from 2017 to 2019 preceded periods where ETH significantly outperformed BTC, suggesting a strong potential for mean reversion.

📊 Last week, ETH's spot trading volume relative to BTC spiked to 0.89, the highest since August 2024. This indicates increased trader exposure and mirrors trends from 2019 to 2021 when ETH outpaced BTC by four times. The surge aligns with ETH's price rebound, reflecting renewed market confidence.

🏦 Institutional interest in ETH is also rising, with ETF holdings increasing since late April. Analysts from Cryptoquant attribute this to expectations of ETH's outperformance driven by scaling upgrades and macroeconomic factors. The ETH/BTC ETF holdings ratio and price ratio have both risen, indicating strategic portfolio shifts.

📉 Additionally, exchange inflows for ETH have dropped to their lowest levels since 2020, signaling reduced sell pressure compared to Bitcoin. Historically, lower inflows precede ETH rallies as fewer tokens enter exchanges for potential liquidation.

⚠️ However, despite the recent rally, Cryptoquant analysts caution that the ETH/BTC ratio must surpass its one-year moving average (MA) to confirm a sustained upward trend. Current levels resemble past bottoms, but technical validation is crucial for long-term momentum. The report states,

The ETH/BTC price ratio still needs to cross above its 365-day moving average to confirm a new leg up against bitcoin.

🚀 Bitcoin Price Eyes $108K ATH as Economic Signals and ETFs Boost Rally 🔥

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