Welcome back to the Crypto Coinz Hub daily update! Here’s what’s making waves in the crypto world today:
🚀 Bitcoin Update
Bitcoin continues to push higher, currently trading at $85,600, up 1.5% on the day. On the charts, BTC remains bullish but is approaching a critical resistance zone at $86,400. It’s also holding firm above both the trendline and the 50-period EMA at $84,137, showing that buyers are still in control. If you’re a trader, this could present a solid buying opportunity.
🔥 Best Wallet on the Rise
Best Wallet is emerging as one of the most promising crypto apps on the market. It offers a secure, streamlined platform to manage digital assets with ease—perfect for both beginners and seasoned pros.
Their ongoing presale for the $BEST token is gaining serious momentum, with over $11.69 million raised. The current price is $0.024725 per token, with a countdown to the next price jump.
There are already 193 million tokens staked, with stakers earning up to 137% APY—those are some impressive yields, and it’s clear why many traders are jumping in.
🇸🇪 Sweden Eyes a Bitcoin Reserve
Swedish lawmakers are calling on the Finance Minister to explore creating a national Bitcoin reserve. At the core of their argument is that Bitcoin could serve as digital gold—an asset that holds value during times of economic turmoil. More countries are showing interest in holding BTC as a reserve, and it really makes you wonder: Could Bitcoin be the new gold of the future?
🇩🇪 Ethena Labs Shuts Down German Entity
Ethena Labs, the company behind synthetic stablecoin USDe, has announced it will shut down its German entity, Ethena GmbH, and withdraw its application for regulatory approval under the EU’s Markets in Crypto-Assets Regulation (MiCAR).
This comes after Germany’s financial regulator BaFin ordered them to stop public sales of USDe due to noncompliance. While regulation is important to protect the space, overly strict policies might drive innovation out of the region. There’s a balance we still need to find.
💥 Mantra (OM) Crashes 90% in One Hour
Mantra (OM) saw a dramatic collapse, losing 90% of its value in just one hour on April 13th, wiping out around $6 billion in market cap.
There’s speculation of insider activity, as large token movements were spotted before the dump—sparking fears of a potential rug pull. This incident has intensified concerns over DeFi transparency and governance, with some blaming risky Layer 1 blockchains. It’s a reminder to always do your homework before investing.
📰 Other Headlines Today:
- 🔴 Crypto market in the red overall today
- 🔁 XYO migrates from Ethereum L2 to its own Layer 1 chain
- 🔗 Everclear launches mainnet with cross-chain clearing and settlement
- 🥊 Dana White joins blockchain firm VeChain
That’s a wrap on today’s top stories from the crypto space. As always, this is not investment advice—just news. Please make sure to do your own research before making any financial decisions.
Thanks for reading,
– Crypto King
www.CryptoCoinzHub.com