Dima 🎩🐹
@chevapchevapovic
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Arthur Hayes, co-founder of BitMEX, believes upcoming U.S. Treasury bond buybacks could inject major liquidity into markets and send Bitcoin to $110,000, or even as high as $200,000.
In an Apr. 23 Substack article, Hayes pointed to the Treasury’s plan to issue new debt to repurchase older, less liquid bonds, commonly called off-the-run Treasuries. These bonds don’t trade as frequently, so buying them back could help smooth out the bond market while offering arbitrage opportunities for institutional investors.
Hayes points out that Treasury Secretary Scott Bessent will probably rely more on bond issuance and buybacks to maintain market stability, given the widening U.S. deficits and declining tax revenue.
If liquidity keeps flowing, Bitcoin could reach $110,000 and then surge toward $200,000, Hayes predicted. And once BTC breaks that level, altcoins may see an even bigger surge as investors rotate into higher-risk assets. 2 replies
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Hyperliquid is showing strong bullish momentum as it’s currently on the verge of breaking out of the falling wedge formation and trading above the key moving averages — including 20-day Exponential Moving Average, 9-day Simple Moving Average, and 50-day Simple Moving Average.
After reaching its all-time high of $35.02 on 21 December, HYPE price price entered a downtrend, carving out a falling wedge formation. The price bottomed near $9 on April 7, touching the wedge’s lower trendline before then bouncing and testing the previous resistance at around $17.30. Since then, it has climbed above all major moving averages, including SMA 9, EMA 20 and, SMA 50. The 20 EMA and 50 SMA just had a bullish cross, signaling trend reversal.
The RSI is currently sitting at 63.51, indicating that bullish momentum is picking up. MACD also shows bullish crossover, with both lines above zero. 4 replies
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Base faces backlash after meme token launched via Zora crashes 95% before recovering.
On Apr. 16, Base made a post on Zora, an on-chain social app that automatically turns posts into tokens. The post said, “Base is for everyone.” Minutes later, the official Base X account shared the same message with a reply linking to the Base for everyone token page on Zora. The token surged quickly, hitting a $17 million market cap. But it soon plunged by 95%, wiping out over $15 million in value.
Despite this, many in the crypto community felt misled. Some said Base should have communicated more clearly before the token went live. Base continues to post about “contentcoins,” its experiment in tokenizing digital content. However, many traders remain skeptical, calling for more responsibility from major platforms.
Current market cap is $16.19 million. 2 replies
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Starting mid-April, crypto exchanges and wallet providers will be required to be MiCA-compliant to advertise on Google in the European Union.
Google is changing its advertising policy for crypto services in the European Union, requiring businesses to follow the Markets in Crypto-Assets rules. Starting April 23, companies that want to advertise crypto exchanges and software wallets on Google in the European bloc must be licensed as a Crypto-Asset Service Provider under the Markets in Crypto-Assets regulation by a “relevant national competent authority,” Google said in its official notice.
The updated policy covers 30 countries, including Germany, France, Italy, and Spain. In addition to MiCA licensing, Google said advertisers must also comply “with all other local legal requirements, including any national-level restrictions or requirements beyond MiCA” and be “certified by Google.” 1 reply
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Executives from multiple US crypto and finance firms are set to join the U.S. Securities and Exchange Commission’s next roundtable to discuss crypto trading regulations.
The roundtable, titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” will be held on April 11 at SEC headquarters in Washington, D.C., and will be led by Commissioner Hester Peirce, who heads the agency’s newly formed Crypto Task Force, an April 7 press release form the commission said.
Names on the panel include Uniswap Labs‘ chief legal officer Katherine Minarik, Coinbase’s VP of institutional product Gregory Tusar, and Chelsea Pizzola, associate general counsel at Cumberland DRW.
All three firms have had run-ins with the SEC in the past, though the cases were later dropped under the Trump administration. 0 reply
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