Coindesk

The Bitcoin (BTC) bull market is over, according to crypto research firm CryptoQuant's founder Ki Young Ju. Ju posted on X that he is expecting 6-12 months of bearish or sideways price action as the BTC bull run loses steam, citing declining liquidity in the market."New liquidity is needed. The on-chain realized cap has stalled, signaling no fresh capital inflows. For example, BlackRock’s IBIT saw three straight weeks of outflows," he said in a Telegram note to CoinDesk. "Even with record volume near $100K, Bitcoin’s price barely moved. Without new liquidity to offset heavy selling, this is a bearish signal."A recent report from CryptoQuant made the case for the possibility of BTC's return to the $63K mark, citing bearish signals...

The Solana Foundation nixed an ad widely criticized for being anti-queer late Monday, nearly nine hours after seemingly invoking the culture wars as a mechanism to boost conference attendance.The now-deleted spot imagines "America" in therapy. A human embodiment of the nation desperately wants to think big – about tech, crypto, space travel. But he can't: his therapist wants him to "focus on pronouns" and on "coming up with new genders.""America, numbers are non-binary," the therapist insists after chiding his "rational thinking syndrome." America eventually snaps and yells out, "I want to invent technologies, not genders.That the Solana Foundation – a Swiss nonprofit whose mission is to evangelize the Solana blockchain – would call upon right-wing talking points to promote its...

The main organizations supporting the Arbitrum blockchain, Offchain Labs and the Arbitrum Foundation, unveiled a new program designed to kick-start early-stage projects in the ecosystem.The new program, "Onchain Labs," is designed to provide go-to-market support to "experimental and volatile" projects, according to a blog post from Offchain Labs, Arbitrum's main developer.“Through Onchain Labs, we’re dedicating resources to support developers looking to rapidly expand the application layer by ideating with them from the ground floor to bring the best user experiences to Arbitrum,” the blog post said. “As we do with many Arbitrum teams, we’ll provide product and support to these early-stage projects, collaborating closely to help their applications thrive on Arbitrum.”Arbitrum Foundation is a non-profit that stewards Arbitrum ecosystem...

Bakkt Holdings (BKKT), a crypto exchange and custody firm, saw its shares plunge on Monday after disclosing that neither Bank of America (BAC) nor crypto trading app Webull Pay would renew their commercial agreements with the company.At the time of writing, BKKT shares have dropped 35% in after hours trading to $12.83. The stock made its all-time high in October 2021, when it was traded for $1,063 shortly after the firm became public through its merger with VPC Impact Acquisition Holdings.Bank of America accounted for roughly 16% of Bakkt’s loyalty service revenue in 2023. Webull, meanwhile, represented 74% of Bakkt’s crypto service revenue in the same period. The agreement with Bank of America is scheduled to expire on April 22,...

Gold has been on a strong run, surpassing $3,000 for the first time last week, and now there are calls for even more upside for the precious metal prices.Jeffrey Gundlach, CEO of DoubleLine Capital and colloquially known as the "Bond King" for his expertise in fixed-income markets, believes the rally is far from over and could see the precious metal top $4,000.Speaking during a macroeconomic outlook presentation titled “Not in My Neighborhood,” Gundlach highlighted gold’s sustained price momentum alongside other commodities. Cryptocurrencies backed by the precious metal, including PAXG and XAUT, have been benefiting from its historic price rise.“I think gold will make it to $4,000. I’m not sure that’ll happen this year, but I feel like that’s the measured...