According to the brainiacs at Galaxy Digital, the market is still licking its wounds, with total loans outstanding at $36.5 billion. That’s a far cry from the $64.4 billion peak in late 2021. In their April 14 report, Galaxy blamed the “decimation of lenders on the supply side, and funds, individuals, and corporate entities on the demand side.” In other words, it’s a bloodbath out there! 🩸
In a rather cheeky post on X dated April 14, our dear Arthur warned that projects and market makers are engaging in a clandestine tango, working together behind the scenes to keep token prices afloat. One might say it’s a market where you’re left wondering if the price is a result of genuine demand or a well-orchestrated charade. Quite the conundrum, wouldn’t you agree? 🤔
So here’s the scoop: since February, when PI was prancing around at $3, it decided to take a nosedive to $0.40 in April. Ouch! But like a bad penny, it’s back and strutting its stuff around $0.75, up nearly 90%! What a comeback! 🍾
Ethereum is putting on a show after a catastrophic fall, with big fish indulging in a spending spree while analysts can’t help but whisper about a potential lucky breakout toward that elusive $3,000 mark. 🎩💰
Oh, the horror! The cryptocurrency world quaked in the aftermath of the capricious musings of one former President, as his Trade War reverberated like a tremor through the very fabric of the financial cosmos. Last Monday, XRP, along with its disheartened comrades, plummeted to a woeful low of $1.8. Yet, much like a phoenix of old, it has risen, reclaiming over 20% since that fateful plunge, now basking in the glories of the lofty $2.15.
Behold! Mantra DAO, in a theatrical flourish, swayed more tokens to the wallets of exchanges—like a maestro conducting an orchestra of chaos. Just this past Monday, in the year of our discord 2025, the noble entity relocated a princely sum of $26.96 million in OM tokens to the fabled Binance! 🌪️
By Edris Derakhshi, who probably needs a stiff drink after writing this.
The exalted Financial Services Regulatory Authority of the Abu Dhabi Global Market (think of it as the Vogon constructor fleet of finance) boldly stamped Hayvn Group and Mr. Flinos with an $8.85 million fine while simultaneously zapping their financial services license into nonexistence. This stellar announcement came via a press release on Monday, April 14 – a date destined to be remembered in the annals of cosmic irony.
And let’s not ignore the elephant in the room—the volume profile! 📉 It’s dropping faster than a hot potato! With buyers playing hide and seek, trading volume has been on a downward spiral since that spike above $2. It’s like a party where nobody shows up! 🎈 This rally? Just a bunch of speculators having a wild time without any real investors backing them up! The pre-death cross is looming like a bad sequel, with the 50 EMA ready to cross below the 100 EMA. Yikes! 😱
Web3 gaming, that darling of the digital age, found itself in a bit of a pickle as global markets decided to throw a tantrum. Trade wars, geopolitical tensions, and who knows what else conspired to make investors clutch their wallets tighter than a miser with a gold bar. DappRadar, the blockchain analytics platform, reports that investments dropped to a mere $91 million, though the number of deals actually grew by 35%. Go figure.