Cboe Global Markets plans to roll out a new Bitcoin futures product later this month, subject to regulatory approval. In an Apr. 7 press release, the exchange network, said the new futures contract, called the Cboe FTSE Bitcoin (BTC) Index…

Cboe to launch FTSE Bitcoin Index Futures product on Apr. 28

Panama City Mayor has said the Panama District municipality will become the 
first in the nation to accept cryptocurrency payments for services, following 
unanimous approval by the City Council. Unanimous Approval The Panama City 
Mayor Mayer Mizrachi announced on April 15 that the Panama District 
municipality will become the first in the nation to accept […]

Panama City to Accept Crypto for Public Services

Panama&#8217;s capital city will accept cryptocurrency payments for taxes and 
municipal fees, including bus tickets and permits, Panama City mayor Mayer 
Mizrachi announced on April 15, joining a growing list of jurisdictions 
globally that have voted to accept such payments.
Panama City will begin accepting Bitcoin (BTC), Ether (ETH), Circle&#8217;s USDC 
(USDC), and Tether&#8217;s USDt (USDT) stablecoin for payment once the crypto-to- 
fiat payment rails are established, Mizrachi posted on the X platform.
Mizrachi said previous administrations attempted to push through similar 
legislation but failed to overcome stipulations requiring the local government 
to accept funds denominated in US dollars.
In a translated statement, the Panama City mayor said that the local 
government partnered with a bank that will immediately convert any digital 
assets received into US dollars, allowing the municipality to accept crypto 
without introducing new legislation.
Panama City joins a growing list of global jurisdictions on the municipal and 
state level accepting cryptocurrency payments for taxes, exploring Bitcoin 
strategic reserves to protect public treasuries from inflation and passing 
pro-crypto policies to attract investment.
_Source:__Mayer Mizrachi_
 _**Related:**__**New York bill proposes legalizing Bitcoin, crypto for state 
payments**_
## Municipalities and states embrace digital assets
Several municipalities and territories around the globe already accept crypto 
for tax payments or are exploring various implementations of blockchain 
technology for government spending.
The US state of Colorado started accepting crypto payments for taxes in 
September 2022. Much like Panama City said it will do, Colorado immediately 
converts the crypto to fiat.
In December 2023, the city of Lugano, Switzerland, announced taxes and city 
fees could be paid in Bitcoin, which was one of the developments that earned 
it the reputation of being a globally recognized Bitcoin city.
The city council of Vancouver, Canada, passed a motion to become &#8220;Bitcoin- 
friendly city&#8221; in December 2024. As part of that motion, the Vancouver local 
government will explore integrating BTC into the financial system, including 
tax payments.
North Carolina lawmaker Neal Jackson introduced legislation titled &#8220;The North 
Carolina Digital Asset Freedom Act&#8221; on April 10. If passed, the bill will 
recognize cryptocurrencies as an official form of payment that can be used to 
pay taxes.
_**Magazine:**__**Crypto City: The ultimate guide to Miami**_

Panama's capital to accept crypto for taxes, municipal fees

Ethereum is trading above the $1,500 mark after a week of heightened 
volatility and continued global trade uncertainty. Macroeconomic tensions — 
driven by tariffs, shifting policies, and weakened investor sentiment — 
continue to weigh heavily on crypto markets. Despite the recent bounce, 
Ethereum&#8217;s price action still hints at a broader downtrend, with bulls 
struggling to reclaim key resistance levels that could trigger a meaningful 
recovery. Related Reading: Dogecoin Whales Buy 800 Million DOGE in 48 Hours – 
Smart Money Or Bull Trap? However, there are signs of potential strength 
ahead. If bulls manage to push ETH above immediate resistance zones, a bullish 
momentum shift could emerge. Market watchers are closely monitoring cost basis 
levels to identify where strong demand may resurface. According to data from 
Glassnode, Ethereum&#8217;s Cost Basis Distribution reveals three key price clusters 
likely to shape short-term action. Among them, the $1,546 level stands out as 
the most significant, with 822,440 ETH previously accumulated in this range. A 
successful hold or breakout above this zone could provide a solid foundation 
for a larger recovery. For now, Ethereum’s outlook remains cautiously neutral, 
with bulls needing to reclaim higher levels to shift sentiment and challenge 
the broader downtrend. Ethereum Key Cost Basis Levels Could Define Price 
Action Ethereum has lost over 50% of its value since early February, setting 
the stage for a challenging but potentially pivotal recovery phase. After 
months of heavy selling pressure, ETH is now trading just above the $1,500 
mark, a zone that could serve as a springboard if bullish momentum builds. 
While the broader market has shown signs of recovery, Ethereum’s underwhelming 
price action continues to test investor patience. Still, analysts believe a 
recovery rally is possible, especially if macroeconomic sentiment improves. 
Persistent global trade tensions, ongoing tariff battles, and US foreign 
policy shifts continue to inject volatility into financial markets. These 
factors have suppressed demand for risk assets like Ethereum, but some believe 
that the worst may be behind. Glassnode’s on-chain data offers a more detailed 
look at Ethereum’s short-term outlook. According to their Cost Basis 
Distribution analysis, three price clusters are likely to shape ETH’s near- 
term price action. Around $1,457, roughly 408,000 ETH were previously 
accumulated. At $1,546, over 822,000 ETH sit, making it one of the most 
critical levels. Finally, approximately 725,000 ETH were acquired around 
$1,598. These clusters reflect areas of high on-chain activity and are 
expected to act as support or resistance zones during the current phase of 
price consolidation. A breakout above the $1,600 level could trigger a more 
significant move toward $1,800 and beyond. For now, Ethereum’s price remains 
range-bound, but market participants are watching these levels closely for 
signs of a decisive shift. Related Reading: Ethereum Metrics Reveal Critical 
Support Level – Can Buyers Step In? ETH Faces Crucial Resistance As Bulls 
Fight to Regain Momentum Ethereum is currently trading at $1,580 after failing 
to break above the $1,700 resistance level, signaling that bullish momentum 
remains weak. Despite a brief recovery from recent lows, ETH has struggled to 
reclaim higher ground, and key resistance levels continue to weigh on price 
action. For bulls to confirm the start of a true recovery phase, Ethereum must 
push above the 4-hour 200 MA and EMA, both hovering around $1,820. A decisive 
move above these indicators would indicate renewed market confidence and open 
the door for a push toward critical demand levels around $2,000. However, the 
risk of further downside remains. If Ethereum loses the $1,500 support level, 
selling pressure could accelerate, potentially driving the price below the 
$1,400 mark. This zone served as a key level in early 2023 and could be 
retested if bearish momentum builds. Related Reading: Dogecoin Gears Up For A 
Breakout To $0.29: Can Bulls Hold Key Support? With macroeconomic uncertainty 
and trade tensions still dominating the narrative, investors remain cautious. 
The next few trading sessions will be critical for ETH, as it hovers between 
potential recovery and the threat of renewed decline. Traders should watch for 
volume spikes and reaction around the $1,700 and $1,500 zones to assess the 
next move. Featured image from Dall-E, chart from TradingView

Over 1.9M Ethereum Positioned Between $1,457 And $1,598 – Can Bulls Hold Support?

Solana&#8217;s native token SOL (SOL) failed to maintain its bullish momentum after 
reaching the $134 level on April 14, but an assortment of data points suggest 
that the altcoin&#8217;s rally is not over. SOL price is currently 57% down from its 
all-time high, partially due to a sharp decline in its DApps activity, but 
some analysts cite the growth in deposits on the Solana network as a catalyst 
for sustained price upside in the short term._Blockchains ranked by total 
value locked, USD. Source: DefiLlama_
Solana has established itself as the second-largest blockchain by total value 
locked (TVL), with $6.9 billion. After gaining 12% over the seven days ending 
April 16, Solana has pulled ahead of competitors such as Tron, Base, and 
Berachain. Positive signs include a 30% increase in deposits on Sanctum, a 
liquid staking application, and 20% growth on Jito and Jupiter.
## Solana&#8217;s DEX volume surpasses Ethereum layer-2s
One could argue that Solana&#8217;s TVL roughly matches the Ethereum layer-2 
ecosystem in deposits. However, this comparison overlooks Solana&#8217;s strong 
position in decentralized exchange (DEX) volumes. For example, in the seven 
days ending April 16, trading activity on Solana DApps totaled $15.8 billion, 
exceeding the combined volume of Ethereum scaling solutions by more than 50% 
during the same period.
_Blockchains ranked by 7-day DEX volumes, USD. Source: DefiLlama_
Solana reclaimed the top spot in DEX activity, surpassing Ethereum after a 16% 
gain over seven days. This was supported by a 44% increase in volume on Pump- 
fun and a 28% rise on Raydium. In contrast, volumes declined on the three 
largest Ethereum DApps&#8211;Uniswap, Fluid, and Curve Finance. A similar trend 
occurred on BNB Chain, where PancakeSwap, Four-Meme, and DODO saw reduced 
volumes compared to the previous week.
It would be unfair to measure Solana&#8217;s growth only by DEX performance, as 
other DApps handle much smaller volumes. For example, Ondo Finance tokenized a 
total of $250 million worth of assets on the Solana network. Meanwhile, 
Exponent, a yield farm protocol, doubled its TVL over the past 30 days. 
Similarly, the yield aggregator platform Synatra experienced a 43% jump in TVL 
during the past week.
_Synatra DApp screenshot. Source: Cointelegraph_
Analysts are confident that a Solana spot exchange-traded fund (ETF) will be 
approved in the United States in 2025. However, expectations for significant 
inflows are limited due to a general lack of interest from institutional 
investors and the recent poor performance of similar Ethereum ETF instruments. 
If the spot ETF is approved, it could strengthen Solana&#8217;s presence&#8211;especially 
if the US government&#8217;s Digital Asset Stockpile plans come to fruition.
_**Related:**__**Real estate fintech Janover doubles Solana holdings with 
$10.5M buy**_
Investors are eagerly awaiting the full audit of US federal agencies&#8217; crypto 
holdings, initially expected by April 7. However, after missing this deadline, 
some journalists suggest that the executive order signed on March 7 did not 
require the findings to be made public. Regardless of whether SOL appears on 
that list, there are currently no plans from the government to acquire 
cryptocurrencies other than Bitcoin (BTC).
Currently, there are few catalysts to justify a rally to $180, a level last 
seen 45 days ago on March 2. Without external factors causing a large influx 
of new participants into the crypto ecosystem, the increase in TVL and DEX 
market share alone is unlikely to push SOL&#8217;s price to outperform the broader 
market.
This article is for general information purposes and is not intended to be and 
should not be taken as legal or investment advice. The views, thoughts, and 
opinions expressed here are the author&#8217;s alone and do not necessarily reflect 
or represent the views and opinions of Cointelegraph.

Solana price is up 36% from its crypto market crash lows — Is $180 SOL the next stop?

Cardano (ADA) has shown major structural developments as it re-enters a multi- 
year trading range. The recent price action suggests acceptance back within 
this long-term structure, with indicators pointing toward a potential move to 
the lower support region. Cardano (ADA) has…