DeFi Development, formerly known as Janover, is expanding its Solana investment strategy with plans to offer up to $1 billion in securities to finance further token acquisitions. The company previously operated as a commercial real estate lending technology platform. Now,…

DeFi Development to raise $1 billion in bid to expand Solana portfolio

Welcome to Latam Insights, a compilation of the most relevant crypto and 
economic news from Latin America over the past week. In this week’s edition, 
the first XRP ETF debuts in Brazil, Argentina keeps winning the dollar battle, 
and experts warn about an energy collapse in Paraguay due to bitcoin mining. 
XRP ETF Launches in […]

Latam Insights: XRP ETF Debuts in Brazil, Argentina Keeps Trumping the Dollar

**Key takeaways:**
 * Norges Bank lost $40 billion in Q1 2025 as US tech stocks fell, exposing the risk of concentrated positions.
 * The bank&#8217;s indirect Bitcoin exposure via stocks reached $356 million, raising sell pressure risk amid a global trade war and recession concerns.
 * Abu Dhabi&#8217;s $437 million spot Bitcoin ETF stake shows sovereign wealth funds see Bitcoin as a hedge.
Norges Bank, Norway&#8217;s $1.7 trillion sovereign wealth fund, reported a $40 
billion loss in the first quarter of 2025, with most of the decline caused by 
a drop in the value of US-listed technology companies. Norges Bank also 
indirectly owned 3,821 BTC through its stock market investments by the end of 
2024, presenting a potential sell pressure risk to Bitcoin, especially when 
considering the socio-political uncertainty and the risk of an economic 
recession caused by the global trade war.
In such times, could Norges Bank increase its investments in Bitcoin-related 
companies or even buy spot Bitcoin exchange-traded funds (ETFs) as a way to 
hedge risk?
For now, it seems unlikely that Norway&#8217;s investment fund would consider buying 
a Bitcoin ETF, especially since the fund does not hold any gold. Besides 
stocks and bonds, Norges Bank invests in real estate, including retail, 
industrial, renewable energy, and logistics properties worldwide.
Norway sold all of the central bank&#8217;s gold by early 2004, when gold was 
trading below $400. Since then, gold has outperformed the S&amp;P 500 by 280%. 
Equities now make up 71.4% of the fund&#8217;s total investments, so if the global 
trade war continues, significant losses could occur.
_Gold/USD (orange) vs. S &amp;P 500. Source: TradingView / Cointelegraph_
Norges Bank investments generated $222 billion in profits in 2024, and its 
stock market portfolio dropped by only 1.6% in the first quarter of 2025. 
Norway&#8217;s sovereign wealth fund is &#8220;mainly index-driven,&#8221; according to CEO 
Nicolai Tangen, specifically following the FTSE Global All Cap Index.
Although this index includes over 7,100 stocks from both developed and 
emerging markets, it is based on market capitalization, which means 65% of the 
exposure is to North American companies. But, according to Norges Bank Deputy 
CEO Trond Grande, there is some flexibility for active investment, and their 
exposure to US-listed tech stocks has been below the benchmark for the past 18 
months.
Some of these holdings, such as Strategy, Mara Holdings, Coinbase, and Riot 
Platforms, hold large amounts of Bitcoin (BTC) on their balance sheets. As a 
result, even if not intentional, the sovereign wealth fund had a $356 million 
indirect exposure to Bitcoin at the end of 2024.
_FTSE Global All Cap (purple) vs. FTSE + 10% Bitcoin (green). Source: 
TradingView / Cointelegraph_
Data shows a 5% hypothetical allocation in Bitcoin back in 2018 would have 
boosted the fund&#8217;s equities benchmark performance by 56%.
## Buying Bitcoin ETFs seems unlikely, but indirect exposure remains possible
Technically, it seems unlikely that Norges Bank could buy into the spot 
Bitcoin ETF without changing the fund&#8217;s mandate. However, increasing exposure 
to companies with significant Bitcoin holdings appears possible. Still, there 
is no sign of such a move, although Nicolai Tangen stated on April 24 that the 
fund will increase investments in US stocks.
_**Related:**__**China may shift from US Treasurys toward gold, crypto &#8212; 
BlackRock exec**_
The fact that Mubadala Investments, one of Abu Dhabi&#8217;s sovereign wealth funds, 
held a $437 million stake in BlackRock&#8217;s iShares Bitcoin ETF (IBIT) helps 
build a case for such investment. Similarly, the State of Wisconsin Investment 
Board held $321 million in spot Bitcoin ETFs, showing the growing use of 
cryptocurrency as a hedge.
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.

Norway’s sovereign wealth fund lost $40B in Q1— Will it hedge risk by increasing Bitcoin exposure?

DeFi Development Corp. (formerly Janover Inc.), a publicly traded firm focused 
on optimizing its treasury strategy within the solana ecosystem, has filed a 
registration statement with the Securities and Exchange Commission (SEC) to 
raise up to $1 billion through various securities offerings. The filing, dated 
April 25, 2025, includes common stock, preferred stock, debt securities, […]

Solana Treasury Company Defi Development Corp Wants to Raise Up to $1 Billion

**Key points:**
 * Bitcoin booked a 10% gain in the past week and technical indicators remain bullish going into a new week.
 * Analysts expect Bitcoin to gain an additional 40% by the end of the year
 * Select altcoins are showing a positive bias on improving crypto sentiment.
Bitcoin (BTC) rose more than 10% this week as buyers made a strong comeback, 
pushing the price to the overhead resistance at $95,000. Although buyers are 
struggling to clear the overhead hurdle, a positive sign is that they have not 
given up much ground to the bears.
The sharp up move is backed by solid buying in the US spot Bitcoin exchange- 
traded funds (ETFs), which witnessed inflows of $3.06 billion, according to 
Farside Investors data. Bloomberg ETF analyst Eric Balchunas said in a post on 
X that it was really notable to see &#8220;HOW FAST the flows can go from 1st gear 
to 5th gear.&#8221;
_Crypto market data daily view. Source:__Coin360_
After Bitcoin&#8217;s recovery, 21st Capital co-founder Sina said in a post on X 
that Bitcoin reclaimed the power-law price. Sina&#8217;s Bitcoin Quantile Model 
projects Bitcoin to reach between $130,000 and $163,000 before the end of 
2025. Anonymous Bitcoin analyst apsk32 had an even bigger target of more than 
$200,000 for Bitcoin in Q4 of this year.
Could Bitcoin maintain its momentum and rise above the overhead resistance? 
Let&#8217;s study the charts of the cryptocurrencies that look strong in the near 
term.
## Bitcoin price prediction
Bitcoin has been witnessing a tough battle between the bulls and the bears 
near the crucial $95,000 level.
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
The upsloping 20-day exponential moving average ($88,619) and the relative 
strength index (RSI) near the overbought zone indicate that bulls are in 
command. A close above $95,000 could propel the BTC/USDT pair to $100,000 and 
eventually to $107,000. Sellers are expected to aggressively defend the zone 
between $107,000 and $109,588.
The 20-day EMA is the critical near-term support to watch out for because a 
break below it brings the large $95,000 to $73,777 range into play.
_BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView_
The 4-hour chart shows the bears are fiercely defending the $95,000 level but 
are struggling to sink the pair below the 20-EMA. If the price rebounds off 
the 20-EMA, it enhances the prospects of a break above $95,000. The pair could 
then surge to $100,000.
Instead, if the price maintains below the 20-EMA, the pair could tumble to the 
50-simple moving average. This is an important level for the bulls to defend 
because a break below it could pull the pair to $86,000.
## Sui price prediction
Sui (SUI) has been facing resistance near $3.90, but the shallow pullback 
suggests that the bulls are in no hurry to dump their positions.
_SUI/USDT daily chart. Source: Cointelegraph/TradingView_
If the price stays above the 38.2% Fibonacci retracement level of $3.14, the 
bulls will make another attempt to shove the SUI/USDT pair above $3.90. If 
they can pull it off, the pair may skyrocket to $4.25 and then to $5.
Contrary to this assumption, if the price turns down and breaks below $3.14, 
it signals the start of a deeper correction toward the 50% retracement level 
of $2.94. Buyers are expected to fiercely defend the zone between $2.94 and 
the 20-day EMA ($2.69).
_SUI/USDT 4-hour chart. Source: Cointelegraph/TradingView_
The 4-hour chart shows that the pair is finding support at the 20-EMA, but the 
sellers are active at higher levels. The bears will again attempt to sink the 
pair below the 20-EMA. If they succeed, the pair could slump to $3.14.
Buyers will have to swiftly push the price above the $3.81 to $3.90 overhead 
resistance zone if they want to retain the advantage. If they do that, the 
pair could start the next leg of the up move to $4.25.
## Avalanche price prediction
Avalanche (AVAX) has been range-bound between $23.50 and $15.27 for the past 
few days. In a range, traders usually buy near the support and sell close to 
the resistance.
_AVAX/USDT daily chart. Source: Cointelegraph/TradingView_
Although buyers have failed to push the price above $23.50, a positive sign is 
that they have not ceded much ground to the bears. That increases the 
likelihood of a break above $23.50. If that happens, the AVAX/USDT pair will 
complete a double-bottom pattern, which has a target objective of $31.73.
This optimistic view will be negated in the near term if the price turns down 
and breaks below the moving averages. The pair may then remain stuck inside 
the range for a few more days.
_AVAX/USDT 4-hour chart. Source: Cointelegraph/TradingView_
The pair has been consolidating in a narrow range between $21.60 and $23.10 
for some time. That suggests the bulls are holding on to their positions as 
they anticipate another leg higher. If buyers propel the price above $23.10, 
the pair could surge to $25. There is resistance at $23.50, but it is likely 
to be crossed.
Alternatively, a drop below $21.60 signals that the bulls have given up. That 
may pull the price down to $19.50.
_**Related:**__**Bitcoin trades at &#8216;40% discount&#8217; as spot BTC ETF buying soars 
to $3B in one week**_
## Official Trump price prediction
Official Trump (TRUMP) surged above the $12.45 resistance on April 23 and held 
the retest of the breakout level on April 24.
_TRUMP/USDT daily chart. Source: Cointelegraph/TradingView_
A rally above $16 is attracting sellers, but a shallow pullback suggests that 
every minor dip is being purchased. If buyers drive the price above $16, the 
TRUMP/USDT pair may reach $17.69, where the bears are expected to mount a 
strong defense. However, if buyers bulldoze their way through, the pair could 
skyrocket to $19.60 and then to $22.40.
Conversely, a deeper pullback suggests that the short-term bulls are booking 
profits. The zone between $11.56 and $12.45 is expected to act as a solid 
support. If the price rebounds off the support zone, the pair may swing 
between $11.56 and $16 for some time. Selling could accelerate if the pair 
breaks below the 20-day EMA ($10.73).
_TRUMP/USDT 4-hour chart. Source: Cointelegraph/TradingView_
The pair turned down from $16 but is finding support near the 20-EMA on the 
4-hour chart. That suggests the bulls are active at lower levels. Buyers will 
try to push the price above the $16 overhead resistance, starting the next leg 
of the uptrend.
Contrarily, a break and close below the 20-EMA suggests that the bullish 
momentum has weakened. The pair may then slump to $14 and later to the solid 
support near $12. Sellers will be back in the driver&#8217;s seat on a drop below 
$11.50.
## Bittensor price prediction
Bittensor (TAO) broke and closed above the downtrend line on April 20, 
suggesting that the bears are losing their grip.
_TAO/USDT daily chart. Source: Cointelegraph/TradingView_
The up move is facing resistance at $375, but the pullback is expected to find 
support at the 20-day EMA ($298). A solid bounce off the 20-day EMA signals a 
change in sentiment from selling on rallies to buying on dips. The bulls will 
then attempt to drive the TAO/USDT pair above $375. If they succeed, the next 
stop may be $495.
Contrary to this assumption, if the price turns down and breaks below the 
downtrend line, it will indicate that the markets have rejected the breakout. 
The pair then risks falling to $222.
_TAO/USDT 4-hour chart. Source: Cointelegraph/TradingView_
The pullback is finding support at the 20-EMA on the 4-hour chart. Buyers will 
try to resume the up move by pushing the price above the $375 resistance. If 
they manage to do that, the pair could reach $425.
Sellers are likely to have other plans. They will try to sink the price below 
the 20-EMA, opening the doors for a drop to the 50-SMA and later to the 
downtrend line. A break below the downtrend line tilts the advantage in favor 
of the bears.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin price chart looks set for $100K, SUI, AVAX, TRUMP and TAO expected to follow

Michael Saylor&#8217;s Strategy is &#8220;synthetically halving Bitcoin&#8221; (BTC) by 
purchasing half or more of the newly minted supply from miners every single 
month, according to Adam Livingston, a BTC analyst and author of &#8220;The Bitcoin 
Age and The Great Harvest.&#8221;
Livingston said miners currently produce around 450 BTC per day or 
approximately 13,500 BTC per month, but Strategy acquired 379,800 BTC in the 
last six months. This translates to the firm purchasing roughly 2,087 BTC per 
day &#8212; far in excess of daily miner output. The author added:
&gt; &#8220;When Bitcoin becomes this scarce, access to Bitcoin will require paying a 
&gt; premium. Lending against Bitcoin will cost more. Borrowing Bitcoin will 
&gt; become a luxury business reserved for nation-states and corporate whales, 
&gt; and Strategy will control the bottleneck.&#8221;
&#8220;BTC&#8217;s global cost of capital will no longer be set by &#8216;the market.&#8217; It will 
be set by the gravitational policies of the first Bitcoin superpower: 
Strategy,&#8221; Livingston continued.
The author&#8217;s prediction of a Bitcoin supply crunch translates into much higher 
BTC prices if Strategy can continue its pace of BTC acquisitions while market 
demand for the supply-capped digital asset grows among institutional and 
retail investors.
_The Bitcoin miner reserve, a metric tracking the total amount of BTC held in 
miner wallets, continues to decline. Source:__CryptoQuant_
 _**Related:**__**Michael Saylor hints at Bitcoin purchase as whales stack 
aggressively**_
## Institutions like Strategy are driving the world toward hyperbitcoinization
Cypherpunk and Blockstream CEO Adam Back predicted that Strategy and other 
institutions that have adopted a Bitcoin corporate treasury plan will drive 
the market capitalization of BTC to $200 trillion.
&#8220;Strategy and other treasury companies are an arbitrage of the dislocation 
between the Bitcoin future and today&#8217;s fiat world,&#8221; Back wrote in an April 26 
X post.
Critics of the company warn that the debt-based approach to BTC acquisition 
could sink Strategy financially if a prolonged BTC bear market takes effect 
and also warn of greater systemic risks to BTC from such a high concentration 
of the digital currency held by a single entity.
_An overview of Strategy &#8216;s Bitcoin investment performance. Source: __Michael 
Saylor_
However, Bitcoin advocate and author Saifedean Ammous recently said that 
Strategy&#8217;s concentration of BTC doesn&#8217;t threaten the protocol.
Ammous argued that institutions like BlackRock and Strategy holding high 
concentrations of BTC could not engineer a hard fork increasing Bitcoin&#8217;s 
maximum supply, as it would massively devalue their holdings, which, at the 
end of the day, belong to shareholders with the power to divest.
_**Magazine:**__**Bitcoin in Senegal: Why is this African country using 
BTC?**_