Bitcoin has finally broken out of its long-standing bearish structure, offering a potential shift in market sentiment. The coming days will be key as price approaches a major resistance zone that could dictate the next move. Bitcoin (BTC) decisively broken…

Bitcoin price breaks bearish structure: is a higher low the launchpad to new highs?

The new network will use stablecoins such as USDC and EURC to help financial 
institutions facilitate global money movement and settlement. USDC Issuer 
Circle Debuts Payments Network Stablecoin firm Circle, issuer of USDC which 
currently has a market capitalization of roughly $61 billion, has launched 
“Circle Payments Network (CPN),” a collaborative group of financial 
institutions […]

Circle Launches ‘Circle Payments Network’

Ethereum is trading at key levels as price action consolidates above the 
$1,500 mark. After weeks of high volatility and macro-driven selling pressure, 
ETH is showing signs of stability — and analysts are watching closely. A 
breakout above nearby resistance could signal the start of a recovery rally, 
especially if momentum continues to build in the days ahead. Related Reading: 
Solana Short-Term Indicator Signals Potential Risk – Reversal Or Pause? 
However, not all market watchers are convinced. Some analysts believe Ethereum 
may still face another leg down before a true reversal can begin. According to 
on-chain data from Glassnode, the MVRV Pricing Bands — which reflect market- 
wide cost basis and investor sentiment — highlight the next major support 
around $1,367. Historically, buying ETH below this lower MVRV band has offered 
strong long-term returns, but also coincided with peak market fear. For now, 
Ethereum appears to be at a crossroads. A decisive move above short-term 
resistance could attract sidelined buyers and shift sentiment bullish. But 
failing to hold current levels could lead to a retest of lower support zones. 
The coming days may prove pivotal in defining Ethereum’s medium-term trend — 
and whether the bulls are truly ready to return. Ethereum Tests Market Nerves 
As MVRV Signals Opportunity This is a critical week for Ethereum, as price 
action will determine whether the recent consolidation above $1,500 can hold — 
or if further declines are on the horizon. Global tensions and macroeconomic 
uncertainty continue to pressure markets, with the ongoing U.S.-China trade 
war and instability in equities shaking investor confidence. While traditional 
markets tremble, crypto assets are showing early signs of decoupling. 
Ethereum, in particular, appears to be stabilizing and finding demand in the 
face of broader risk-off sentiment. Despite the volatility, some analysts 
believe the worst may be behind for Ethereum — or at least that current prices 
offer compelling risk-reward setups. Top analyst Ali Martinez shared insights 
on X, noting that historically, buying Ethereum below the lower MVRV Pricing 
Band has delivered strong returns. That key level, based on on-chain cost- 
basis data, now sits at $1,367. The MVRV (Market Value to Realized Value) 
Pricing Bands help identify overvalued and undervalued conditions by comparing 
ETH’s market price to its realized price — the average acquisition cost for 
all ETH on the network. When ETH trades below the lower band, it suggests the 
asset is undervalued and often precedes price rebounds. Related Reading: 
Ethereum Analyst Sets $3,000 Target As Price Action Signals Momentum – Details 
If Ethereum holds current support and reclaims momentum above resistance 
zones, a recovery rally may follow. But if bearish sentiment regains control, 
a retest of the $1,367 MVRV support level could come fast. Either way, 
Ethereum’s price action this week will be key to understanding whether the 
market is shifting toward strength — or preparing for another leg down. ETH 
Price Holds Key Support, Market Awaits Breakout Ethereum (ETH) is currently 
trading at $1,620 after several days of sideways action, struggling to push 
above the $1,700 resistance level. Despite the lack of a breakout, ETH has 
shown resilience by holding firmly above the $1,550 support zone, a level that 
has acted as a floor during recent volatility. A decisive move is likely 
approaching. If bulls manage to reclaim the $1,800 level — where the 4-hour 
200 MA and EMA converge — momentum could accelerate, setting the stage for a 
push toward the critical $2,000 psychological and technical resistance. 
Reclaiming that level would confirm a bullish trend reversal and likely spark 
renewed confidence across the altcoin market. On the other hand, if Ethereum 
fails to maintain its footing above $1,550 and selling pressure increases, a 
break below $1,400 would confirm a continuation of the broader downtrend. Such 
a move would test lower demand zones, with $1,367 — the lower MVRV Pricing 
Band — seen by some analysts as the next key support. Related Reading: Metrics 
Reveal Solana Sees Uptick In Whale Activity – Accumulation Signal? As price 
remains compressed within a tight range, market participants are watching 
closely for a breakout in either direction that will define the next major 
move for Ethereum. Featured image from Dall-E, chart from TradingView

Ethereum Holds Above MVRV Band Low – A Final Dip Before Recovery?

The funds still require regulatory approval and Trump Media and Technology 
Group Corp (TMTG) plans on launching the ETFs later this year. Trump-Branded 
‘Truth.Fi’ Crypto ETFs Are Coming Soon President Donald Trump’s family is now 
branching into investment management after the Trump Media and Technology 
Group (TMTG) announced on Tuesday, the launch of a suite […]

Trump Family to Launch ‘Truth.Fi’ Crypto ETFs

Chiliz, a SportsFi company, has met with the United States Securities and 
Exchange Commission (SEC) to discuss an investment and reentry into the US 
crypto market under the crypto-friendly White House and increased push for 
regulatory clarity surrounding digital assets.
According to the meeting request made public by the SEC, Chiliz plans a 
reentry into the US market around the time of the 2026 FIFA World Cup 
international football (soccer) tournament. The comeback would be accompanied 
by a $50 million to $100 million investment in the local market. National 
Basketball Association and National Football League teams are said to be 
interested in launching fan tokens if regulatory clarity improves.
The meeting with the federal agency was held on April 22 &#8212; the same day 
Chiliz CEO Alexandre Dreyfus shared a photo with Bo Hines, executive director 
of Trump&#8217;s Council of Advisors for Digital Assets, suggesting a second meeting 
with White House officials.
_Source:__Alexandre Dreyfus_
According to the meeting document, Chiliz discussed the proposed structure of 
a fan token and why &#8220;it should not be classified as a security.&#8221; Broadly, a 
security is an investment wherein the investor expects a profit due to the 
efforts of someone other than the investor.
Whether cryptocurrencies and related assets are securities has been a key 
issue in the regulation of Web3 within the United States.
_**Related:**__**Chiliz &#8216; Socios.com secures in-principle license approval in 
Malta**_
## Chiliz ecosystem sees lower TVL in 2025
Chiliz, despite its partnerships with football clubs, gaming teams, and racing 
companies, has seen a significant drop in activity within its ecosystem. 
DefiLlama data shows the protocols&#8217; total value locked has fallen from $17.8 
million on Dec. 9, 2024, to $6.5 million on April 22, 2025, marking a 63.5% 
drop.
_Chiliz TVL. Source:__DefiLlama_
Its governance token hasn&#8217;t fared particularly well, either. According to 
CoinMarketCap, the Chiliz (CHZ) token price has declined 67% over the past 12 
months. The company is known for its fan tokens, which allow enthusiasts to 
own the official cryptocurrencies of their favorite sports clubs.
The company has made headway into the soccer market, partnering with Football 
Club Barcelona, Paris Saint-Germain, and Manchester City, among others.
_**Related:**__**FIFA launches NFT collection amid 2023 Club World Cup**_
Chiliz invested $80 million in partnerships within the US market in 2021, the 
document shows. However, regulatory uncertainty and the fallout from FTX&#8217;s 
collapse led to a &#8220;strategic exit&#8221; in the following year.
The next World Cup is expected to take place in June 2026. The United States 
will be the main host of the tournament, while Canada and Mexico will act as 
auxiliary hosts.
_**Magazine: &#8216;Normie degens&#8217; go all in on sports fan crypto tokens for the 
rewards**_
Chiliz, a SportsFi company, has met with the United States Securities and 
Exchange Commission (SEC) to discuss an investment and reentry into the US 
crypto market under the crypto-friendly White House and increased push for 
regulatory clarity surrounding digital assets.
According to the proposed meeting request made public by the SEC, Chiliz plans 
a reentry into the US market around the time of the 2026 FIFA World Cup. The 
comeback would be accompanied by a $50 million to $100 million investment in 
the local market. NBA and NFL teams are allegedly interested in launching fan 
tokens if regulatory clarity improves.
The meeting with the federal agency was held on April 22 &#8212; the same day 
Chiliz CEO Alexandre Dreyfus shared a photo with Bo Hines, executive director 
of Trump&#8217;s Council of Advisors for Digital Assets, suggesting a second meeting 
with White House officials.
_Source:__Alexandre Dreyfus_
According to the meeting document, Chiliz discussed the proposed structure of 
a fan token and why &#8220;it should not be classified as a security.&#8221; Broadly, a 
security is an investment wherein the investor expects a profit due to the 
efforts of someone other than the investor.
Whether cryptocurrencies and related assets are securities has been a key 
issue in the regulation of Web3 within the United States.
_**Related:**__**Chiliz &#8216; Socios.com secures in-principle license approval in 
Malta**_
## Chiliz ecosystem sees lower TVL in 2025
Chiliz, despite its partnerships with football clubs, gaming teams, and racing 
companies, has seen a significant drop in activity within its ecosystem. 
DefiLlama data shows the protocols&#8217; total value locked has fallen from $17.8 
million on Dec. 9, 2024, to $6.5 million on April 22, 2025, marking a 63.5% 
drop.
_Chiliz TVL. Source:__DefiLlama_
Its governance token hasn&#8217;t fared particularly well either. According to 
CoinMarketCap, the Chiliz (CHZ) token price has declined 67% over the past 12 
months. The company is known for its fan tokens, which allow enthusiasts to 
own the official cryptocurrencies of their favorite sports clubs.
The company has made headway into the soccer market, partnering with Football 
Club Barcelona, Paris Saint-Germain, and Manchester City, among others.
_**Related:**__**FIFA launches NFT collection amid 2023 Club World Cup**_
Chiliz invested $80 million in partnerships within the US market in 2021, the 
document shows. However, regulatory uncertainty and the fallout from FTX&#8217;s 
collapse led to a &#8220;strategic exit&#8221; in the following year.
The next World Cup is expected to take place in June 2026. The United States 
will be the main host of the tournament, while Canada and Mexico will act as 
auxiliary hosts.
_**Magazine: &#8216;Normie degens&#8217; go all in on sports fan crypto tokens for the 
rewards**_

Chiliz meets with SEC Crypto Task Force amid US market reentry plans

The XRP Ledger Foundation has identified a &#8220;serious vulnerability&#8221; in the 
official JavaScript library used for interacting with the XRP Ledger 
blockchain network, the nonprofit said.
On April 22, blockchain security specialist Aikido said in a blog post that 
XRP Ledger&#8217;s open-source JavaScript library was &#8220;compromised by sophisticated 
attackers who put in a backdoor to steal cryptocurrency private keys and gain 
access to cryptocurrency wallets.&#8221;
The JavaScript library includes programs enabling developers to interact with 
the XRP Ledger and is distinct from the blockchain network itself.
&#8216;&#8221;[T]his package is used by hundreds of thousands of applications and websites 
making it a potentially catastrophic supply chain attack on the cryptocurrency 
ecosystem,&#8221; Aikido said.
The XRP Ledger Foundation has already upgraded the code repository to &#8220;remove 
the previously compromised version,&#8221; it said in an April 22 post on the X 
platform.
_Aikido identified unusual code in XRP &#8216;s JavaScript package. Source: 
__Aikido_
 _**Related:**__**Coinbase Derivatives lists XRP futures**_
It added that several XRP Ledger ecosystem projects &#8212; including XRPScan, 
First Ledger, and Gen3 Games &#8212; confirmed that they were not impacted by the 
incident.
The XRP (XRP) token ended the US trading day up more than 3.5% despite news of 
the security breach, according to CoinGecko.
The token has a market capitalization of more than $125 billion and a fully 
diluted value of approximately $215 billion.
_XRP &#8216;s token price on April 22. Source: __CoinGecko_
### **Institutional adoption**
Launched in 2012, XRP Ledger is among the oldest blockchain networks and 
specializes in payments and decentralized finance (DeFi) applications for 
institutions.
It has been gaining prominence in recent months as a friendlier US regulatory 
environment paves the way for broader institutional adoption of the network&#8217;s 
token and ecosystem projects.
The XRP token&#8217;s price increased by upward of 300% after crypto-friendly US 
President Donald Trump prevailed in the November presidential election, 
according to CoinGecko.
Since then, several asset managers have asked the US Securities and Exchange 
Commission (SEC) to approve US-listed exchange-traded funds (ETFs) holding the 
XRP token.
On April 21, Coinbase listed futures contracts for the XRP token on its US 
derivatives exchange.
_**Magazine: **__**Crypto &#8216;more taboo than OnlyFans,&#8217; says Violetta Zironi, 
who sold song for 1 BTC**_