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Philip

@philipstrade

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Philip
@philipstrade
Trump Helps Cool Canadian Inflation as Election Day Looms The country reported lower-than-expected consumer price index (CPI) numbers in March, but the reason may be a bit surprising. President Donald Trump is perhaps public enemy number one in Canada. His rhetoric about an annexation of the country in order to turn it into the “51st state” has left a bad taste in the mouths of almost every Canuck. But on Tuesday, Statistics Canada announced that inflation had lowered from 2.6 in February to 2.3 in March, largely due to Trump’s policies. The key drivers in the reduction of the pace of inflation were lower prices for fuel and discounted travel tours, as Canadians limited their travel to the U.S. The cost of travel tours decreased by 4.7% in March while price for air travel to the U.S. tumbled 12% year-over-year, according to Statistics Canada. https://news.bitcoin.com/trump-helps-cool-canadian-inflation-as-election-day-looms/
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Philip
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Dollar-Based Stablecoins Pose Greater Threat to Euro, Italian Economy Minister Says Italian Economy Minister Giancarlo Giorgetti warns that dollar-based stablecoins pose a greater threat to the euro’s standing than trade disputes. The European Union (EU) must urgently address the growing appeal of dollar-based stablecoins among its citizens, as they pose a greater threat to the euro’s standing than ongoing trade disputes, Italian Economy Minister Giancarlo Giorgetti recently warned. Speaking at an asset management event in Milan, Giorgetti emphasized that the United States’ evolving cryptocurrency policy—particularly regarding dollar-pegged stablecoins—presents a compelling cross-border payment method that European authorities cannot afford to ignore. https://news.bitcoin.com/dollar-based-stablecoins-pose-greater-threat-to-euro-italian-economy-minister-says/
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Philip
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Tariffs May Help Fund US Bitcoin Reserve Buildup Says White House Advisor Bo Hines The Trump administration's sweeping tariffs, which have roiled global markets over the past few weeks, may just become instrumental to funding the U.S. Strategic Bitcoin Reserve without using taxpayer money. While the extensive tariffs threatened and implemented over the past month have escalated and jolted crypto markets as the Trump administration pursues an "America First" trade policy, a key White House advisor thinks the revenues from it could be used to add to the country's Bitcoin stash. Bo Hines, executive director of the Presidential Council of Advisers on Digital Assets, said in a White House interview with Professional Capital Management’s Anthony Pompliano that the Trump administration is exploring several "budget-neutral" methods to get more Bitcoin. https://decrypt.co/314816/tariffs-fund-us-bitcoin-reserve-buildup-white-house-advisor-bo-hines
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Philip
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OM Token’s 90% Crash Highlights Centralization Risks: Is SUBBD Token the Decentralized Future? What happened to the $OM token? And how does the new crypto SUBBD Token ($SUBBD) avoid the same problem? On April 13, MANTRA’s $OM token experienced a dramatic 90% drop, attributed to forced liquidations by centralized exchanges during low-liquidity hours. John Patrick Mullin, CEO of MANTRA, stated that ‘reckless forced closures’ on centralized exchanges caused the OM token’s sharp decline. He emphasized that neither the MANTRA team nor its investors were responsible, noting that all tokens remain locked per their vesting schedules. The crash occurred during low-liquidity hours on a Sunday evening UTC, raising questions about the timing and discretion exercised by these exchanges. https://bitcoinist.com/how-subbd-eliminates-risks-om-token-crash/
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Philip
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Ethereum Inverse Head And Shoulders – The Pattern That Could Spark A Reversal Beneath Ethereum’s recent price stagnation lies a potentially explosive setup taking shape. The emergence of a near-perfect inverse head and shoulders pattern suggests that ETH may be preparing to shake off its sluggishness. This stealthy accumulation pattern, now approaching its make-or-break moment, has historically preceded some of Ethereum’s most dramatic rallies. Ethereum’s current chart structure reflects this classic pattern, where the price has formed a “left shoulder,” followed by a deeper “head” and a “right shoulder,” with the neckline acting as a critical resistance level. https://bitcoinist.com/ethereum-pattern-to-spark-reversal/
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Philip
@philipstrade
BTC Price Taps a Weekly High, 6% Jump Takes SOL to $125 (Weekend Watch) Bitcoin’s price actions took a turn for the better in the past few days, and the asset jumped to $84,000 for the first time in about a week. The altcoins have also charted impressive gains over the last 24 hours, with SOL emerging as the top performer from the largest 10 alts. BTC Eyes $84K It was another wild trading week in the cryptocurrency space, mostly due to US President Trump’s ongoing Trade War with multiple countries. We talked a lot about the moves he made, the retaliation, as well as how each development caused substantial volatility in the market, you can check that here. Overall, BTC’s weekly low was quite painful. It came on Monday (and was almost mimicked on Wednesday) when the asset plunged to a five-month low of just over $74,000. Thus, it had dropped by $14,000 since the previous Wednesday. https://cryptopotato.com/btc-price-taps-a-weekly-high-6-jump-takes-sol-to-125-weekend-watch/
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Philip
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Curve DAO and Aethir Price Prediction: CRV and ATH bulls poised for double-digit gains Curve DAO (CRV) and Aethir (ATH) prices broke above a descending trendline, hinting at an upward trend. At the time of writing on Friday, CRV rises 5.7% daily and trades at around $0.59, while ATH consolidates recent gains and hovers around $0.031. Momentum indicators of both altcoins show a positive outlook, suggesting a rally ahead. Additionally, on-chain data paints a bullish picture as CRV's open interest and ATH's daily active addresses are rising. https://www.fxstreet.com/cryptocurrencies/news/curve-dao-and-aethir-price-prediction-crv-and-ath-bulls-poised-for-double-digit-gains-202504110710
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Philip
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China Asks Banks to Curb Dollar Purchases as Yuan Hits Multi-Year Low China seeks to maintain the stability of the yuan in the face of the current tariff war, informally asking state banks to stop their dollar purchases. According to Reuters, these institutions would also ramp up controls on customers’ dollar purchases to stop speculation. China is readying an arsenal of measures to fight back the U.S. tariffs and their effects as part of the ongoing trade war. According to Reuters, who was tipped by sources on condition of anonymity due to lack of authorization to talk about market matters publicly, the People’s Bank of China (PBOC) has issued informal guidance requiring state banks to stop purchases of U.S. dollars to maintain the stability of the yuan, and step up the checks for private purchases of the currency. https://news.bitcoin.com/china-asks-banks-to-curb-dollar-purchases-as-yuan-hits-multi-year-low/
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Philip
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Billion-Dollar Crypto Hacks Linked to North Korea’s Weapons Development When most people think of crypto hackers, they picture shadowy figures stealing NFTs or phishing people out of Bitcoin. But for North Korea, it’s become far more serious and strategic. Over the past few years, Pyongyang has turned to crypto theft on an industrial scale, using stolen digital assets to prop up its heavily sanctioned economy and, more worryingly, to bankroll its nuclear weapons program. In February 2025, the Lazarus Group, North Korea’s elite state-backed hacking unit, was behind a jaw-dropping $1.5 billion crypto theft from Bybit, a major exchange based in Dubai. That’s not a typo: billion with a “b.” https://99bitcoins.com/news/billion-dollar-crypto-hacks-linked-to-north-koreas-weapons-development/
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Philip
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SEC to host former legal rivals Coinbase, Cumberland DRW and Uniswap Labs at crypto roundtable The U.S. Securities and Exchange Commission's crypto task force is set to host several crypto heavyweights — including representatives from companies it had previously entered legal battles with — for a roundtable discussion slated for Friday. The SEC announced the agenda and panelists on Monday, inviting executives from companies such as Coinbase, Uniswap Labs and Cumberland DRW to speak at the roundtable at its headquarters in Washington, D.C. https://www.theblock.co/post/349951/sec-coinbase-cumberland-drw-crypto-roundtable
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Philip
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Will CME Gap Save BTC USD? Over $1Bn Liquidated in 1 Hour Ahead of Crypto Black Monday Over $1.16 billion in crypto liquidations have occurred in the past 24 hours, with over $70 million wiped out in just the last hour as of 8 a.m. UTC. It seems the crypto markets have front-run the traditional financial markets, as many are anticipating one of the worst Monday openings for the stock market in recent times due to the fallout of President Trump’s tariffs. https://99bitcoins.com/news/presales/will-cme-gap-save-btc-usd-over-1bn-liquidated-in-1-hour-ahead-of-crypto-black-monday/
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Philip
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Bitcoin Traders’ Realized Losses Reach FTX Crash Levels — What’s Happening? The price of Bitcoin has had an interesting performance so far in 2025, starting the year with a run to a new all-time high. However, the flagship cryptocurrency finished the year’s first quarter with over 15% of its value shaved off in those three months. While the BTC price appears to be steadying within a consolidation range, the prognosis doesn’t look all positive for the world’s largest cryptocurrency. This explains why several short-term investors are getting frustrated and, as a result, exiting the market. https://bitcoinist.com/bitcoin-traders-realized-losses-reach-ftx-crash/
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Philip
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Bitcoin’s Most Critical Support Level At $69,000 — Here’s Why The price of Bitcoin made a strong start to the month of April, reaching as high as $87,000 on Wednesday, April 2. The flagship cryptocurrency couldn’t sustain this blistering momentum, dropping below $84,000 in the late hours of Friday, April 4. However, the BTC price has been relatively stable compared to the altcoin market and the US equities market following the announcement of new trade tariffs by United States President Donald Trump. This show of resilience has reinforced the idea that the bull cycle might not be over just yet. https://www.newsbtc.com/news/bitcoin/bitcoin-critical-support-level-at-69000-why/
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Philip
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Spot bitcoin ETFs see nearly $100 million in net outflows as stocks tumble on Trump’s tariff news U.S. spot bitcoin exchange-traded funds logged $99.86 million in net outflows Thursday, as the U.S. stock market tumbled following Trump's tariff announcement. Grayscale's GBTC led the outflows with $60.2 million, followed by Bitwise BITB's outflows of $44.19 million and Fidelity FBTC's $23.27 million, according to SoSoValue data. Ark and 21Share's ARKB, VanEck's HODL and WisdomTree's BTCW also logged outflows. However, BlackRock's IBIT, the largest spot bitcoin ETF by net assets, attracted $65.25 million, making it the only spot bitcoin fund to register net inflows on the day. https://www.theblock.co/post/349561/spot-bitcoin-etfs-see-nearly-100-million-in-net-outflows-as-stocks-tumble-on-trumps-tariff-news
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Philip
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VanEck Seeks BNB ETF Approval—Big Win For Binance? Investment giant VanEck has registered a Binance Coin (BNB) exchange-traded fund in Delaware, marking its fifth cryptocurrency ETF registration in the state. The move comes as major financial institutions continue to bet on digital assets despite market volatility. According to public records on Delaware’s official state website, VanEck registered the new product on Monday under filing number 10148820. The “VanEck BNB ETF” was registered as a trust corporate service company, following similar registrations for Bitcoin, Ethereum, Solana, and Avalanche ETFs. The New York-based company confirmed the BNB ETF will track the price of Binance Coin, currently ranked as the fifth-largest cryptocurrency with a market value of approximately $599. On-chain data showed BNB’s trading volume jumped 40% to over $2 billion after the announcement. https://bitcoinist.com/vaneck-seeks-bnb-etf-approval-big-win-for-binance/
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Philip
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Ethereum and Bitcoin Recover While Lightchain AI Presale Nears End The crypto market is buzzing with activity again. Ethereum and Bitcoin are rebounding from their recent dips, igniting excitement among crypto investors and blockchain enthusiasts. While these two powerhouse cryptocurrencies dominate the headlines, another opportunity looms for forward-thinking investors — the final stage of the Lightchain AI Presale. This blog post dives into the rally of Ethereum and Bitcoin and why investors shouldn’t overlook the rapid developments around Lightchain AI. By the end, you’ll understand why now might be the perfect time to jump into this promising AI-infused blockchain initiative. https://news.bitcoin.com/ethereum-and-bitcoin-recover-while-lightchain-ai-presale-nears-end/
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Philip
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Trump Sons Ink Deal With Hut8 to Launch Bitcoin Mining Firm Donald Trump Jr. and Eric Trump have teamed up with Bitcoin mining heavyweight Hut 8 to launch American Bitcoin, a new industrial-scale mining firm that plans to become the “world’s largest and most efficient Bitcoin miner.” Announced on March 31, the venture was born out of a strategic deal in which Bitcoin mining company Hut 8 contributed the majority of its mining hardware to American Data Centers Inc., a company backed by the Trump sons. The firm was then rebranded as American Bitcoin—a majority-owned subsidiary focused exclusively on industrial-scale Bitcoin mining and building a strategic Bitcoin reserve. Hut 8 has an 80% ownership stake, according to a statement Monday. https://decrypt.co/312422/trump-sons-hut8-bitcoin-mining
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Philip
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Analysis of $700k oracle manipulation exploit highlights vulnerabilities in DeFi vaults A recent decentralized finance attack highlights how vulnerabilities with the standard implementation of certain DeFi vaults can be exploited by a sophisticated threat actor using familiar tools like flash loans to manipulate exchange rates and mislead price oracles. On February 27, an attacker executed a flash loan-based "donation attack," borrowing approximately $4 million from Aave to exploit the ERC-4626 vault token for Mountain Protocol's wrapped yield-bearing stablecoin, wUSDM, artificially inflating its internal exchange rate. The underlying stablecoin, USDM, is collateralized by short-term U.S. Treasury bills. https://www.theblock.co/post/348785/analysis-of-700k-oracle-manipulation-exploit-highlights-vulnerabilities-in-defi-vaults
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Philip
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Double-Digit Declines Dominate: Crypto Stocks Feel the Pain of Market Meltdown As the crypto economy has contracted by $150 billion since Monday, the downturn has notably impacted crypto stocks, with a significant portion of shares experiencing double-digit declines across the board. Crypto-related equities have faced substantial pressure this week, aligning with the broader market downturn that unfolded during the same period. By Friday, all four benchmark U.S. indices concluded the trading day in the red, shedding considerable value. https://news.bitcoin.com/double-digit-declines-dominate-crypto-stocks-feel-the-pain-of-market-meltdown/
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Philip
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How Yescoin’s Strategic Alliances and a Growing Market Influence Position it for 2025 Dominance Investing in cryptocurrency has become evermore complicated due to the speculative tokens and abandoned roadmaps. Yet, some have taken the initiative to change this narrative. Yescoin, a Telegram-based Web3 platform, offers strategic partnerships with industry influencers. These influencers help the platform with self-sustaining ecosystem products. Yescoin’s partnerships with leading Exchanges and infrastructure providers are far from cosmetic. They address the basic and often ignored problems of liquidity, trust, and market coverage. https://news.bitcoin.com/how-yescoins-strategic-alliances-and-a-growing-market-influence-position-it-for-2025-dominance/
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