OVERVIEW

Alt Cap Back At $1 Trillion 👍️

Before we dive in, here’s today’s crypto market heatmap:

Source: Santiment

And here’s a look at crypto’s total market and altcoin market cap charts:

Source: TradingView

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NEWS IN THREE SENTENCES
Crypto News 📰

🦍 Novogratz Dumps $100M ETH for SOL

Galaxy Digital, under Mike Novogratz’s fearless leadership, swapped a cool $100 million in $ETH.X ( ▲ 1.95% ) for 752,240 $SOL.X ( ▼ 0.08% ), banking on Solana’s resilience against Ethereum’s recent price slump. Meanwhile, ETH holders casually panic, assuring themselves they’re just “long-term investors.” crypto-economy.

🎺 Trump Media Partners With Crypto.com to Launch ETFs

Trump Media and Crypto.com sealed a deal to launch ETFs combining digital assets and American-focused securities, set for international rollout later this year. The alliance promises a uniquely patriotic crypto-financial experience because “Made in America” now applies to blockchain. Press Release.

🏦 Coinbase and Circle Eye US Banking Licenses

$COIN ( ▲ 2.83% ) and Circle are pursuing traditional U.S. banking licenses, signaling a massive shift in the crypto-banking landscape. This move would let them accept direct deposits and offer lending, bridging crypto and traditional finance. Regulators are currently deciding between excitement and existential dread. cointrackdaily.

🕵️‍♂️ 27% of Bybit’s $1.4B Hack Goes Dark

Bybit CEO Ben Zhou revealed that over 27% of the $1.4 billion stolen in February’s mega-hack has vanished through mixers and bridges, courtesy of North Korea’s Lazarus Group. Despite tracing 68.57% of the stolen crypto, authorities remain baffled as North Korean hackers effortlessly launder a small country’s GDP. DailyHODL.

TECHNICAL ANALYSIS
13 Days Later, Things Look Good 🤔 

Thirteen-days ago (April 9), the whole crypto market had a nice bump. And in the April 9 Litepaper, we looked at $BTC.X ( ▲ 1.43% ), $HBAR.X ( ▲ 4.31% ), and $RENDER.X ( ▼ 1.75% ). We looked at what Ichimoku traders and analysts were looking at: aggressive entry opportunities developing. 🕒️ 

The rules for those entry opportunities are:

1. The close is above the Tenkan-sen and Kijun-Sen.

2. The Chikou Span closes above the bodies of the candlesticks.

Out of the three, two have fulfilled – and exceeded – the aggressive entry conditions. And the other is almost there. 👍️ 

Bitcoin

Here’s what Bitcoin looked like on April 9:

April 9 BTCUSD Daily Chart – Click to enlarge.

And here’s where it is today:

BTCUSD Daily Chart – Click to enlarge.

The aggressive early entry was fulfilled on yesterday’s close. And if Bitcoin closes today above $88,500, that will fulfill one of the most sought after, conservative and powerful bullish setups in the Ichimoku Kinko Hyo system: the Ideal Bullish Breakout. 📈 

Render

This is what Render looked like on April 9 and what I wrote:

April 9 RENDERUSD Daily Chart – Click to enlarge.

Render’s daily chart is unique amongst altcoins in that both of the rules for an aggressive entry opportunity are, at present, fulfilled. As long as the daily close is above the Kijun-Sen ($3.359), then both aggressive entry rules are fulfilled. – April 9, 2025

Render did, in fact, fulfill all the conditions for an aggressive entry.

RENDERUSD Daily Chart – Click to enlarge.

It even closed (barely) above Senkou Span A. Since then, RENDER has moved up +32%. 😲 

Hedera

Hedera still looks a lot like a good chunk of the altcoin market – close but not cigar.

April 9 HBARUSD Daily Chart – Click to enlarge.

And here’s where it’s at today:

HBARUSD Daily Chart – Click to enlarge.

If Hedera wants to fulfill an aggressive entry, it would need to close at/above $0.194. Tomorrow, that value drops to $0.182. And by Thursday (April 24), that threshold drops to $0.173. 🧠 

ON-CHAIN ANALYSIS
Burnt Bag Briefing 🔥

Want to know whether the bulls or bears are feeling the most pain today? Well, this is the place to look. 👀

24-Hour Liquidation Heat Map – Source: coinglass – Click to enlarge.

In the past 24 hours, 108.708 traders were liquidated, with total liquidations reaching nearly $340.32 million.

The largest single liquidation occurred on HTX, a BTCUSD pair valued at $3.65 million.

Longs lost $95.67 million, while shorts were hit for $244.651 million. 🤕

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

🤖 BGI Nexus Grants $500K to AI Projects

BGI Nexus announced the results of its first decentralized grant round, distributing $500K to ten AI projects focused on compassion, inclusion, and ecological sustainability. Winners ranged from AI-powered sign language translation to brain-signal productivity tools. SingularityNET.

🕵️ Privacy-Preserving Identity Explained

Privacy-Preserving Identity (PPI) gives users control over their data using decentralized methods like Self-Sovereign Identity and Zero-Knowledge Proofs. This means your digital life doesn’t have to be an open book for corporations – bad news for data brokers and great news for anyone who’d rather not give away their life’s story for free shipping. It’s like wearing a mask online, minus the creepy vibes. Civic.

NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙

🎨 Story Blockchain Powers Programmable IP

Story ($IP.X ( ▲ 4.06% )), a blockchain designed specifically for programmable intellectual property, launched its mainnet backed by Ankr’s ($ANKR.X ( ▲ 2.66% )) RPC infrastructure. Story offers creators tools to enforce IP ownership and royalties directly at the protocol level – perfect for anyone tired of AI bots monetizing their cat memes without consent. Ankr.

🏦 Dusk Partners with 21X to Bring Real-World Assets On-Chain

Blockchain platform $DUSK.X ( ▲ 2.43% ) announced a partnership with 21X, the first licensed European company combining securities trading and settlement on a public blockchain. Dusk’s EVM-compatible chain will support fully compliant tokenized securities – finally giving Wall Street execs (or whatever the EU equivalent is called) a reason to pretend they understood blockchain all along. Also, it proves tokenizing trillions is easier than explaining crypto to your compliance officer. Dusk Network.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending Protocol News 🏦

📈 Truflation Launches Hedge Index on Limitless Exchange=

$TRUF.X ( ▼ 3.53% ) partnered with Limitless Exchange to launch its Hedge Index, a real-time inflation-tracking benchmark that includes gold, silver, oil, stocks, and Bitcoin. Now investors can hedge inflation transparently on-chain, because watching prices rise in real-time wasn’t stressful enough. Truflation.

🔥 MANTRA CEO Burns 150 Million Tokens

MANTRA CEO John Patrick Mullin announced he’s burning 150 million of his personal $OM.X ( ▼ 1.59% ) stash to rebuild trust after recent chaos, with plans to burn another 150 million soon. Nothing screams “trust me” louder than publicly lighting your tokens on fire, hoping the flames distract everyone from previous disasters. MANTRA.

🏦 Ondo Finance and Komainu Bring Institutional Treasury Assets Onchain

TradFi meets DeFi – awkward handshakes all around. Institutional-grade assets $OUSG.X ( ▲ 0.02% ) and $USDY.X ( ▼ 0.13% ) from $ONDO.X ( ▲ 1.75% ) Finance are now supported by custodian Komainu, offering regulated, yield-bearing tokenized US Treasuries to institutional clients. Banks finally realized blockchain might be useful beyond funding failed NFT projects, cautiously stepping into the DeFi kiddie pool. Ondo Finance.

LINKS
Links That Don’t Suck 🔗

📉 Unpacking Mantra’s OM crash requires forensic study — CertiK exec

XRP community issued critical alert on new threat, what happened?

⏱️ CFTC eyes 24/7 crypto derivatives trading

🤯 Canadian SOL ETFs enjoy $120M CAD inflows in first week’s trading

🇨🇳 China’s humanoid robot half-marathon puts technology’s limits on public display

🤖 Films made with AI can win Oscars, Academy says

⌨️ You can play the Unreal-powered The Elder Scrolls IV: Oblivion remaster today

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