AltSignals Blog

Ethereum posts robust growth, surges by 20% in 24 hours backed by an increase in trading activity in the derivatives market. A notable rise in open interest in Ethereum futures indicates fresh capital inflow. Despite a 26% fall this year, the potential for recovery exists. The rally also aligns with Ethereum being undervalued relative to Bitcoin since 2019. However, challenges such as supply pressure, weak demand, and flat activity could impact the rebound. Ethereum’s ongoing underperformance, stagnant network activity, and rising token supply are factors that demand caution.

Alex Mashinsky, founder of the now-defunct Celsius Network, has been sentenced to 12 years in prison for fraud charges related to a scheme that deceived investors and led to the company’s collapse. He was ordered to forfeit $48 million and several real estate properties. The company’s fall resulted in losses amounting to billions for its over 100,000 creditors. This case exemplifies the need for proper regulations and the application of existing anti-fraud rules in the growing digital assets market.

Bitcoin’s price goes above $100,000, boosting stocks linked to cryptocurrency including Coinbase and Bitcoin miners Mara and Riot. This surge is influenced by President Donald Trump’s announcement of a trade agreement between the U.S. and U.K with optimism for more deals. Bitcoin had previously reached a record high of around $109,000 ahead of Trump’s inauguration due to favourable crypto policies. Today’s rally marks a significant recovery from the low of $76,000 in early April.

Bitcoin lending platform Strike has issued over $10 million in loans within days of its launch. The platform allows Bitcoin holders to use their BTC as collateral for loans, aiming to evolve Bitcoin into a mature investment product. The current lending rates remain high due to the early stage of the Bitcoin lending market, but there is a commitment to reduce rates over time.

Explore the latest market update with CoinDesk Indices, featuring a detailed breakdown of the CoinDesk 20 Index performance. Find out about top performing assets, daily trading trends, and key market leaders and laggards. Uncover informative insights on global trading platforms.

Cryptocurrency mining company, Hut 8, reports a significant increase of 79% in its hashrate for Q1 2025, despite a net loss of $134.3 million due to large-scale investments. CEO Asher Genoot describes this phase of investment as necessary, with ROI expected to become visible in future quarters. The company has also expanded its total energy capacity to 1,020 megawatts, enabling substantial scale-up of operations. Furthermore, launching subsidiary American Bitcoin was a strategic move involving key members from Donald Trump’s family. Also noteworthy is Hut 8’s future plans centred on the development of its utility-scale power portfolio. In relation to the recent financial announcement, the company’s stock is currently trading at $12.66 on Nasdaq.

Solana’s decentralized exchange volume soars to $806.8 billion in 2025, marking a 400% increase from the previous year. This growth coincides with record adoption of the Solana ecosystem, controlling 23% of all DEX volume. The Jupiter exchange continues to dominate DEX volume on Solana, accounting for 55% of all volume.

Explore recent Bitcoin (BTC) chart patterns echoing previous bullish trends, as analyzed by CoinDesk’s Chartered Market Technician, Omkar Godbole. Learn about key indicators like MACD crossovers and the potential of a golden cross setup. Note the cautionary advice about the changeability of market swings due to macroeconomic factors.

A House hearing on cryptocurrency regulation heats up as Democrats, led by Rep. Maxine Waters, walk out in protest, citing concerns over President Donald Trump’s involvement in crypto. The hearing aimed to discuss a new draft legislation that determines the oversight of digital assets between leading financial institutions.