Axiom, a rising meme coin trading platform on Solana, surpassed $100 million in daily volume on April 14, claiming half the market’s share. With a record 26,800 users trading that day, Axiom’s growth is driven by innovative tools, incentives, and viral community marketing. Solana Meme Platform Axiom Sees Record Surge in Users and Volume On […]

Axiom Hits $100 Million in Daily Volume, Dominates Solana Meme Market

The Bitcoin price continues to face headwinds, as the latest report on Digital 
Asset Fund Flows shows a staggering $751 million in outflows from the digital 
asset. The sheer volume of this withdrawal raises alarm bells about whether 
institutions may be cashing out from the flagship cryptocurrency. Bitcoin 
Price Faces Pressure Amid Massive Outflows CoinShares&#8217; weekly report on 
Digital Asset Fund Flows has disclosed a massive $795 million in outflows from 
the crypto market—shockingly, $751 million of which came from Bitcoin alone. 
This mass exodus marks one of the largest single-week outflows of the year, 
and it comes at a time when the price of Bitcoin has hit a wall. Related 
Reading: $9.41 Billion In Shorts At Risk Of Liquidation If Bitcoin Price Hits 
This Level James Butterfill, the Head of Research at CoinShares, revealed that 
since early February 2025, digital asset investment products have suffered 
cumulative outflows of approximately $7.2 billion, effectively erasing almost 
all the year-to-date inflows. Notably, this week marks the third consecutive 
week of declines, with Bitcoin leading the downturn and recording the most 
significant losses among major digital assets. As of this report, net flows 
for 2025 have dwindled to a modest $165 million, a sharp drop from a multi- 
billion dollar peak just two months ago. This steep decline underscores a 
cooling sentiment among institutional investors and highlights a growing sense 
of caution amid ongoing market volatility. Currently, the Bitcoin price is 
struggling to regain past all-time highs, with recent outflows serving as one 
of the many barriers hindering the cryptocurrency’s breakout potential. Until 
these outflows reverse and the market stabilizes, Bitcoin’s path to setting 
new all-time highs remains challenged. Despite losing $751 million in 
outflows, Bitcoin still maintains a moderately positive position with $545 
million in net year-to-date inflows. However, the sheer scale and speed of the 
latest outflows raise concern. The fact that Bitcoin suffered such a massive 
withdrawal signals a potential shift in sentiment among institutions. Whether 
it’s due to profit-taking or macroeconomic uncertainty, this move suggests 
that big players are beginning to pull out — at least in the short term. In 
addition to Bitcoin, Ethereum saw $37 million in outflows, while Solana, Aave, 
and SUI also posted losses of $5.1 million, $0.78 million, and $0.58 million, 
respectively. Surprisingly, even short Bitcoin products, designed to benefit 
from market downturns, weren’t spared, recording $4.6 million in outflows. 
Tariffs And Political Volatility Drive Outflows One of the key drivers behind 
the pullback across digital assets is the rising economic uncertainty sparked 
by tariff policies that have adversely influenced investor sentiment. The wave 
of negative sentiment began in February after United States (US) President 
Donald Trump announced plans to impose tariffs on all imports coming into the 
country from Canada, Mexico, and China. Related Reading: Trump’s Tariff Pause 
Could Push Bitcoin Price Above $100,000, Pundit Reveals Exit Point However, a 
late-week rebound in crypto prices was seen after Trump’s temporary reversal 
of the controversial tariffs, providing a brief respite for the market. This 
policy shift helped boost total Asset Under Management (AUM) across digital 
assets from a low of $120 billion on April 8 to $130 billion, marking an 8% 
recovery. Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin Price Fails To Launch With $751 Million In Outflows, Are Institutions Cashing Out?

Cryptocurrency analytics firm Elliptic has partnered with Monerium, a 
Reykjavik-based Electronic Money Institution (EMI), to enhance anti-money 
laundering (AML) and compliance measures for its EURe stablecoin. Monerium 
Taps Elliptic to Navigate MiCA Rules Amid Euro Stablecoin Boom According to 
the announcement shared with Bitcoin.com News, the collaboration aims to 
automate cross-chain transaction monitoring and reduce […]

Elliptic, Monerium Partner to Enhance Compliance for EURe Stablecoin

Cardano (ADA) is flashing early signs of a potential breakout, with its latest 
chart structure suggesting that the bulls may be preparing for a major upside 
move, Thomas Anderson’s analysis. After weathering recent market volatility, 
ADA has carved out a base of support and is beginning to show constructive 
price action marked by rising lows and increasing buying interest. This shift 
hints that momentum is gradually tilting back in favor of the bulls. As the 
market eyes a recovery, ADA’s setup places it in a favorable position to 
capitalize on renewed bullish sentiment. Should momentum continue building and 
resistance levels break, Cardano could be on the verge of unlocking a powerful 
rally that pushes it toward new highs in the sessions ahead. Breaking Down The 
Key Chart Patterns: Why Cardano Is Poised For Growth In a recent post on X, 
analyst Thomas Anderson highlighted that Cardano is currently consolidating 
within a descending triangle pattern on the 1-hour timeframe, a formation 
often associated with potential breakout scenarios. He noted that the price is 
hovering near the lower boundary of the triangle at approximately $0.6292, a 
level that has provided support in recent sessions. Related Reading: The 
Cardano Anomaly: ADA Quiet Now, But The Math Says Otherwise Adding to the 
cautious tone, Thomas stated that Cardano is still trading below the 
200-period moving average. Anderson explained that the inability to break 
above this moving average shows that bulls are struggling to gain control in 
the short term. However, the proximity to support and resistance levels could 
set the stage for a major price reaction. He highlighted that the 4-hour chart 
shows Cardano attempting a recovery, forming higher lows, which suggests 
growing bullish momentum. However, ADA faces significant resistance at $0.6974 
and the 200-period moving average, causing bearish pressure. What The Bulls 
Need To Break Through According to Thomas, the $0.6974 resistance level plays 
a crucial role in determining ADA&#8217;s next move. A successful breakout above 
this level could confirm Cardano&#8217;s bullish outlook. If the bulls manage to 
defend the lower support level and volume starts to increase, there&#8217;s a strong 
possibility that ADA might break out to the upside, pushing past the 
resistance and completing the pattern. Related Reading: Cardano Price Could Be 
Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe 
On the other hand, should Cardano fail to maintain support at $0.6292, it 
would trigger a deeper correction, dragging the price toward lower support 
levels. The immediate focus would then shift to areas around $0.60 and $0.58, 
which are crucial for the continuation of the uptrend. Once these levels are 
breached, it could signal a shift in market sentiment. Featured image from 
iStock, chart from Tradingview.com

Cardano (ADA) Chart Setup Hints At A Major Upside Ahead – Here’s Why

The bank published a report that estimates an almost ten-fold increase in the 
supply of stablecoins by the end of 2028 if the Guiding and Establishing 
National Innovation for U.S. Stablecoins (GENIUS) Act is passed later this 
year. Standard Chartered Predicts $2 Trillion Stablecoin Market by 2028 
London-based Standard Chartered bank published a research report […]

Stablecoin Market Will Top $2T by 2028: Standard Chartered

3iQ Corp. has tapped Figment as the primary staking provider for its new 
Solana Staking ETF (TSX: SOLQ), which officially launches on the Toronto Stock 
Exchange on Wednesday at 9:30 AM EST. The announcement represents the first 
product of its…