Schlagwort: crypto markets

• Emerging projects like Bitcoin Pepe are gaining momentum amid the broader crypto rebound.
• Bitcoin Pepe (BPEP) presale has maintained strong traction since its launch in early February.
• The presale has so far raised over $8.1 million, with BPEP tokens currently priced at $0.0326.

The cryptocurrency market capitalization remains above $3.35 trillion on Wednesday, with Bitcoin (BTC), Ethereum (ETH), and XRP all trading in the green.

Market sentiment has shown marked improvement following the resolution of key geopolitical overhangs.

The Trump administration’s trade deal with the UK, along with a temporary agreement to ease reciprocal tariffs with China, has helped reduce uncertainty and restore risk appetite among investors.

The change in sentiment was also highlighted by crypto analyst Ali Martinez, who posted on X that over $35 billion has flown into the crypto market in just the last three weeks.

Over $35 billion has flowed into the crypto market in the past three weeks! pic.twitter.com/8ad8bHt0qa

— Ali (@ali_charts) May 14, 2025

The shift in sentiment is reflected in the Crypto Fear & Greed Index, which climbed to 74 at the time of writing, up from 67 last week, indicating growing confidence across the market.

According to CoinGecko, the top 10 cryptocurrencies by market capitalization have posted nearly double-digit gains over the past seven days.

The total market capitalization of cryptocurrencies excluding Bitcoin has rebounded to levels last seen in February, now just 6.33% shy of the $1.34 trillion mark.

Emerging projects like Bitcoin Pepe are gaining momentum amid the broader crypto rebound.

Is the worst of the trade war over?

In a development that exceeded market expectations, the United States and China agreed on Monday to roll back most newly imposed tariffs for a 90-day period as both sides prepare to negotiate broader economic and trade issues.

The move signals a temporary de-escalation in tensions that have rattled global markets throughout the year.

China—America’s second-largest goods supplier in 2024 and the only country among the 180 targeted by US “reciprocal” tariffs to launch full-scale retaliatory measures—has been at the centre of the standoff.

Markets responded positively to the truce. Hong Kong’s Hang Seng Index has rebounded to levels seen just before the early April flare-up in trade tensions, while the S&P 500 has returned to positive territory for the year, reversing weeks of uncertainty-driven losses.

Still, some analysts caution that the reprieve may be short-lived.

“It might be just the beginning of the inevitable collision of the two largest economies,” Ting Lu, chief China economist at Nomura, wrote in a note Monday. “The US is still on the offensive, but China might learn much better how to dig itself in for the future attack.”

While the 90-day suspension of new tariffs has eased immediate tensions, it has done little to eliminate uncertainty for American businesses.

“A 90-day suspension, while welcome, still creates significant uncertainty for US companies’ business planning and costs, undermining their long-term global competitiveness,” the US-China Business Council said in a statement earlier in the week.

The group also called on Beijing to “end unfair trade practices and market-entry barriers.”

Meanwhile, Beijing showed few signs of softening its rhetoric. At a conference with Latin American and Caribbean leaders on Tuesday, Chinese President Xi Jinping took indirect aim at Washington.

“Bullying and coercion only lead to isolation,” Xi said, without naming the US directly.

Why Bitcoin Pepe may prove a good bet in these uncertain times

Despite the crypto market’s rollercoaster ride over the past few months, the Bitcoin Pepe (BPEP) presale has maintained strong traction since its launch in early February.

Investor interest has remained resilient, underscoring the appetite for early-stage, speculative plays that blend market narratives with viral potential.

Bitcoin Pepe is positioning itself at the intersection of Bitcoin’s institutional credibility and the explosive appeal of meme coins, aiming to establish a unique foothold within the crypto ecosystem.

As the first meme-centric Layer 2 project built on the Bitcoin network, Bitcoin Pepe seeks to unite two powerful market trends. Its messaging highlights this vision:

“Meme coins hit $100B without Bitcoin. Bitcoin sits at $2T without memes. We’re the first to merge them.”

The presale has so far raised over $8.1 million, with BPEP tokens currently priced at $0.0326. The offering is scheduled to close on May 31, 2025.  

A potential exchange listing is expected shortly after the presale concludes, which could act as a catalyst for further price movement.

With overall market sentiment improving and speculative appetite returning, Bitcoin Pepe may continue to attract attention from investors seeking exposure to high-volatility, meme-driven assets with early-stage upside.

The post Best crypto to buy as markets breathe easy on trade war de-escalation appeared first on CoinJournal.

• Synthetix’s SNX token today jumped 11% amid $27M Derive re-acquisition news.
• Synthetix plans to merge Derive’s options stack into Synthetix’s mainnet perps.
• The proposal will involve swapping 27 DRV for 1 SNX, with Synthetix minting new 29.3M SNX tokens.

Decentralised finance (DeFi) platform Synthetix has announced a $27 million token swap deal to re-acquire options trading platform Derive, a move that has catalysed a significant uptick in the SNX token’s market performance.

The SNX token jumped over 11% to hit an intraday high of $0.9564 following the announcement, lifting the SNX price to a 40% rally over the past week.

This boost in SNX price reflects both speculation around the token-swap deal and renewed optimism for the decentralised finance platform’s roadmap.

Synthetix’s token-swap deal to acquire Derive

Derive originally spun out from Synthetix under the name Lyra in 2021 before charting its own path, making this token-swap reacquisition a rare case of ecosystem re-consolidation in DeFi.

The proposed deal, outlined in Synthetix Improvement Proposal SIP-415, would see Derive token holders exchange 27 DRV for every 1 SNX, valuing the transaction at approximately $27 million.

To facilitate the acquisition, Synthetix would mint up to 29.3 million new SNX tokens, representing about 8.6% inflation of SNX’s current circulating supply.

These newly issued SNX tokens will be subject to a three-month lock-up followed by a nine-month linear vesting schedule to align long-term incentives.

Approval by both the Spartan Council and Derive governance is required before the on-chain token swap can proceed.

Should SIP-415 secure the necessary votes, Derive’s treasury, codebase, and team will be folded into Synthetix’s governance and operational framework.

This unification is intended to streamline governance, simplify architecture, and concentrate revenue flow through the SNX token to strengthen its DAO-driven value proposition.

In addition, the fusion of Derive’s CLOB-based derivatives stack with Synthetix’s on-chain liquidity and incentives model promises to expand the SNX token’s utility and cement Synthetix’s standing among leading crypto derivatives platforms.

Community reaction has, however, been mixed, with some Derive stakeholders criticizing the valuation and vesting terms even as SNX token holders anticipate enhanced network effects.

Laying the ground for Synthetix v4 deployment

Reintegrating Derive’s front-end infrastructure and options expertise into Synthetix is expected to accelerate the deployment of Synthetix v4, which includes launching a centralised limit order book (CLOB) derivatives exchange on Ethereum Mainnet.

Synthetix founder Kain Warwick described the move as reuniting “kids who built their own successful startups with the family business,” highlighting the cultural synergy between the two protocols.

By consolidating product, talent, and token economics under the SNX banner, Synthetix aims to offer a unified suite of crypto options and perps that can rival established platforms such as Deribit, dYdX, and Binance.

Analysts believe that a combined protocol with both advanced options trading and mainnet perpetual futures could mark a watershed moment for decentralised finance platform innovation.

Investors will be watching closely as the Spartan Council and Derive token holders prepare for vote timelines in the coming week, with a successful approval expected to set a new precedent for token-swap acquisitions in the sector.

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• Over 638,000 new wallets added in early 2025.
• WisdomTree report backs XRP as altcoin fit for crypto portfolios.
• Analysts predict breakout with targets of $3.40 to $6.00.

Ripple’s XRP has rebounded sharply in 2025, reclaiming its position as one of the top three cryptocurrencies by market capitalisation.

Once written off during the depths of the SEC lawsuit, the token has staged a powerful comeback, rallying 25% this past week and hitting a price of $2.57.

Its latest rise is fuelled not only by technical momentum but also by on-chain data that shows rising interest among both retail and institutional investors.

In the first few months of 2025 alone, XRP added more than 638,000 new wallets, an 11% increase.

This pushed the total number of active XRP wallets to near 6.5 million—marking the highest point in the network’s 12-year history.

This rise in user adoption is coinciding with a renewed focus on XRP as a credible alternative to Bitcoin in portfolio construction, supported by recent analysis from leading asset manager WisdomTree.

Wallet data signals rising user engagement

The dramatic uptick in wallet creation comes after years of regulatory headwinds that had suppressed activity on the Ripple network.

The growth in wallets is now being interpreted by analysts as a return of confidence in XRP’s long-term utility.

While speculation has always played a role in crypto movements, the consistent increase in active, non-empty wallets indicates a broader shift toward sustained user interest.

At the same time, WisdomTree—a global asset manager overseeing more than $100 billion in assets—released a report naming XRP as the only altcoin that aligns well with Bitcoin in a diversified crypto portfolio.

This institutional endorsement is seen as a key driver of renewed investor interest, especially as large holders typically seek coins with longer-term fundamentals and regulatory clarity.

Binance futures data highlights strong buyer interest

Beyond wallet statistics, trading data from Binance is also showing bullish momentum. XRP futures open interest, which had fallen to $530 million from a high of $1.5 billion, is rising again.

This metric tracks the total value of open derivative contracts, and its growth typically signals that traders are positioning for further volatility.

While some traders are taking short positions, on-chain analysts such as FundingVest (via Cryptoquant) suggest that these positions are being absorbed by buyers.

This dynamic could point to an upcoming breakout, particularly if resistance levels continue to weaken under buying pressure.

Funding rates have returned to neutral territory, which typically precedes major price shifts as leverage resets.

Liquidation patterns suggest market strength

Coinglass data supports the thesis of building bullish strength. XRP saw $6.86 million in liquidations over the past few sessions, with long and short traders contributing nearly equally to the total.

Notably, long-term holders accounted for $3.59 million, while short-sellers made up $3.27 million.

This even split indicates a battle between bulls and bears, but XRP’s ability to hold above $2.50 even during volatility suggests underlying resilience.

Technically, analysts are watching a bullish pennant pattern forming on XRP’s weekly chart. MackAttackXRP, a well-known chartist, points to potential targets of $3.40 and $3.60 if the breakout confirms.

More aggressive price targets in the $5.00–$6.00 range are also circulating, assuming broader market sentiment remains positive.

XRP is currently trading at $ 2.63 price, up by almost 4% in 24 hours, is viewed as part of a steady climb rather than a flash rally.

The $3 mark could be reached as early as the end of this week if momentum holds, though future gains will depend on whether buyer demand remains strong enough to overcome key resistance zones.

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The stock brokerage and burgeoning crypto platform eToro is stepping into the Wall Street spotlight, having priced its initial public offering at $52 per share.

This move signals the company’s readiness to gauge investor appetite for new listings in a market still finding its footing after a period of volatility.

The Israel-based firm successfully raised nearly $310 million through the sale of almost 6 million shares, a transaction that pegs the company’s valuation at approximately $4.2 billion.

This pricing lands above its initially targeted range of $46 to $50 per share.

Alongside the company’s offering, existing investors are also divesting an additional tranche of nearly 6 million shares, further shaping the public float.

The path to this moment has been paved with cautious optimism.

The IPO market had shown signs of a potential resurgence earlier in the year, particularly following President Donald Trump’s return to the White House in January, which some hoped would break a prolonged drought influenced by rising interest rates and persistent inflationary concerns.

Indeed, CoreWeave’s successful March debut provided a glimmer of hope for other aspiring public companies, including eToro, online lending giant Klarna, and ticket reseller StubHub.

However, this nascent recovery faced headwinds.

“Tariff uncertainty temporarily stalled those plans,” the original article noted, capturing a period of market jitters.

Consequently, eToro, which had filed for its IPO in March, alongside Klarna and StubHub, opted to shelve its immediate ambitions as markets grappled with the implications of trade policy shifts.

A bellwether for risk? eToro’s debut and market sentiment

Now, as eToro prepares for its Nasdaq debut under the ticker symbol ETOR, its performance may serve as a significant litmus test for the broader public market’s willingness to embrace risk.

The IPO landscape is showing renewed activity; digital physical therapy company Hinge Health has commenced its IPO roadshow, revealing in a Tuesday filing its intention to raise up to $437 million.

Also on Tuesday, fintech innovator Chime submitted its prospectus to the SEC, indicating its own public market aspirations.

This follows the April move by another trading application, Webull, which went public via a merger with a special-purpose acquisition company (SPAC).

Crypto aspirations fueling growth and investor interest

Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro operates in a competitive landscape, challenging established players like Robinhood.

Its revenue model is built on fees tied to trading activities, such as spreads on buy and sell orders, and non-trading operations including withdrawals and currency conversions.

The company’s financial trajectory has been notable, with net income soaring almost thirteenfold last year to $192.4 million, a substantial increase from $15.3 million the previous year.

A significant driver of this growth has been its expanding crypto business.

Revenue from cryptoassets more than tripled to exceed $12 million in 2024, and crypto-related activities accounted for a quarter of its net trading contribution last year, up sharply from 10% in the prior year.

This isn’t eToro’s maiden voyage into the public offering process.

“In 2022, the company scrapped plans to hit the market through a merger with a special purpose acquisition company (SPAC) during a sharp downturn in equity markets,” the source material highlighted.

That earlier deal would have valued eToro at a considerably higher figure of more than $10 billion.

Despite the previous setback, CEO Yoni Assia remained committed to a public listing.

He told CNBC early last year that eToro was still aiming for a market debut but was “evaluating the right opportunity” while building relationships with exchanges, including the Nasdaq.

“We definitely are eyeing the public markets,” Assia stated at the time. “I definitely see us becoming eventually a public company.”

Adding a vote of confidence to the current offering, eToro disclosed in its prospectus that investment behemoth BlackRock had “expressed interest in buying $100 million in shares at the IPO price.”

The company further detailed its plan to sell 5 million shares in the offering, with existing investors and executives slated to sell an additional 5 million.

The underwriting syndicate for this significant financial maneuver includes industry heavyweights Goldman Sachs, Jefferies, and UBS.

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