Canary Capital Applies to Launch TRX ETF with Staking Feature

On April 19th, as per CoinDesk, 21Shares' latest analysis indicates that by integrating historical trends with current market signals, Bitcoin (BTC) is anticipated to reach $138,555 by the conclusion of 2025. The report highlights that the world's premier cryptocurrency is accruing strength from macroeconomic uncertainties and on-chain momentum. The report states that the present market cycle is analogous to that of 2021. Bitcoin's recent price behavior has demonstrated resilience rather than panic. 21Shares remarks that market-level collapse events, such as the downfall of a Silicon Valley bank, no longer lead to panic selling. Instead, such shocks further enhance Bitcoin's role as a hedge against risks in the traditional financial system.

On April 19th, as per Ashes Monitor, a whale that had used 7.5 million USDC as collateral to take on a 3x long position on HYPE is now reaping a profit of 5.07 million USD. The whale's average entry price for going long on HYPE on Hyperliquid since April 8th was $11.93, while HYPE is currently trading at $17.89.

April 19th: According to the WeChat official account of the Xiamen Procuratorate, in September 2021, the defendant, a certain Mr. Chen, was introduced to the victim, a certain Mr. Hong, through a friend. At that time, Hong had a strong interest in cryptocurrency investment, and Chen had some knowledge in this field. Hong entrusted Chen to help with cryptocurrency investment and unguardedly shared his account and login password with him. While assisting a friend with futures investment, Chen suffered heavy losses and was overwhelmed by debts, which led him to have evil thoughts. At the end of September 2022, Chen fabricated a lie that the account was disconnected and used this to deceive Hong into providing various verification codes. Then, he successfully changed the account's login password and switched the bound email to his own. Subsequently, Chen repeatedly used the excuse of the account being disconnected to continuously transfer the cryptocurrency in Hong's account to his own ac

On April 19th, based on Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is no longer in a generally bearish state but is also not in a bullish state. The specific funding rates for mainstream coins are presented in the attached image. BlockBeats Note: The funding rate is a rate set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a mechanism for the exchange of funds between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates that the market is generally in a bullish state. When the funding rate is less than 0.005%, it indicates that the market is generally i

On April 19th, based on @ai_9684xtpa's monitoring, within just five months, the "whale that spent $16.41 million amassing PNUT, ai16z, and arc" has now endured a total loss of $9.98 million, and its assets have shrunk by more than 60%. According to previous analyses, this address may pertain to Galaxy Digital, but it is currently unable to be confirmed whether it is a liquidity provider for the three tokens.

On April 19th, Glassnode released a post indicating that the Unspent Output Profit Ratio (SOPR) data of Bitcoin, standardized by drawdown, shows that short-term holders have already suffered a significant loss in this round of correction, a level comparable to the early stages of a bear market in past cycles. Bitcoin's long-term holders are still generally in a profitable state. However, as the bitcoins purchased at higher prices gradually "age" and transition into the category of long-term holdings, the market's ability to absorb losses may increase. Historically, this transition often indicates the confirmation of a bear market, although a similar market trend has not yet emerged.