Nexo&#8217;s US return underlines the potential for a pro-crypto policy shift to boost innovation and competitiveness in the financial sector. The post Nexo resumes operations in the US amid pro-crypto Trump administration appeared first on Crypto Briefing.

Nexo resumes operations in the US amid pro-crypto Trump administration

Massachusetts Senator Elizabeth Warren has called on government officials to 
address questions related to US President Donald Trump&#8217;s memecoin and his 
media company.
In an April 25 letter to Jamieson Greer, acting director of the US Office of 
Government Ethics (OGE), Warren, a Democrat from Massachusetts and California 
Democratic Senator Adam Schiff requested that officials address concerns about 
Trump&#8217;s memecoin after the president announced a dinner and White House tour 
for some of the individuals who held the most TRUMP tokens. The two senators 
requested that Greer provide information on safeguards and guidelines related 
to whether foreign actors and others could buy political influence with the 
president, potentially impacting his policy positions and federal pardons.
&#8220;President Trump&#8217;s announcement promises exclusive access to the presidency in 
exchange for significant investment in one of the President&#8217;s business 
ventures,&#8221; wrote the two senators.
&#8220;In promising such access, this proposition may implicate several federal 
ethics laws and constitutional prohibitions, including the federal bribery 
statute and emoluments clauses of the US Constitution. It also raises the 
troubling prospect that foreign actors are using the memecoin as a vector to 
buy influence with President Trump and his associates without needing to 
disclose their identities publicly.&#8221;
_April 25 letter from Sens. Warren and Schiff to OGE. Source:__Sen. Schiff_
The letter was sent the same day Warren reportedly expressed similar concerns 
about Trump&#8217;s potential conflicts of interest with the US Securities and 
Exchange Commission (SEC). According to an April 25 Reuters report, the 
Massachusetts senator urged SEC Chair Paul Atkins to ensure that oversight of 
Trump&#8217;s media company was &#8220;free from undue political interference and 
influence from the President and his administration.&#8221;
_**Related:**__**Trump &#8216;s WLFI crypto investments aren&#8217;t paying off**_
Though ranking member of the Senate Banking Committee, Warren does not have 
the authority to direct Congress&#8217;s agenda with Democrats in the minority. Two 
Democrats in the Senate and House of Representatives have already called for 
Trump&#8217;s impeachment over his memecoin dinner.
Warren added:
&gt; &#8220;The American people deserve the unwavering assurance that access to the 
&gt; presidency is not being offered for sale to the highest bidder in exchange 
&gt; for the President&#8217;s own financial gain.&#8221;
At the time of publication, it was unclear who among the top TRUMP memecoin 
holders would attend the dinner, scheduled to be held on May 22 at Trump&#8217;s 
golf club in Washington, DC. Speculation and analysis of users suggested that 
Trump supporters, including Tron founder Justin Sun, Tesla CEO Elon Musk, and 
others, could attend, though none had been confirmed as of April 28.
_**Magazine:**__**Trump &#8216;**__**s crypto ventures raise conflict of interest, 
insider trading questions**_

US senators press for answers on Trump's crypto interests

Sonic has been trapped within a tight range for the past 48 days, showing no 
real signs of breakout strength. With resistance mounting and volume fading, 
price action remains stuck in a rotational environment. A breakout or 
breakdown will set…

Sonic price is stuck in a range: can volume break the stalemate?

**Key Takeaways:**
 * Bitcoin&#8217;s year-over-year return and realized price metric signal strong long-term support from holders and suggest that BTC is currently undervalued.
 * Standard Chartered estimates a Bitcoin price target in the $110,000-$120,000 zone by Q2 2025.
 * Positive funding rates point to a potential long squeeze to $90,500.
Bitcoin&#8217;s (BTC) weekly close near $94,000 delivered an impressive year-over- 
year total return of 53.61%. Since the last halving in 2024, the market has 
shifted from the early 2024 euphoric phase to a &#8220;mature bull trend&#8221; based on 
onchain growth, rather than speculative frenzy.
## **Bitcoin fundamentals triumph over fear and speculation**
Bitcoin researcher Axel Adler Jr. pointed out that the year-on-year (YoY) 
realized price, a measure of the average price at which BTC was last moved, 
has surged 61.82%, outperforming the YoY market value to realized value&#8217;s 
(MVRV) decline of 8.98%. This indicates long-term holders are raising the base 
price faster than speculative price increases, a healthy signal for the cycle.
The negative MVRV suggests that Bitcoin is trading below its fundamental value 
compared to a year ago, a pattern that precedes significant rallies. This 
compression of value leaves room for further upside, with analysts eyeing new 
highs above $110,000 if demand accelerates.
_Bitcoin valuation and price comparison chart. Source: Axel Adler Jr._
Similarly, Bitcoin&#8217;s realized price by cohort shows a cooling speculative 
premium, as one-month holders&#8217; cost basis is 5% below the six-month cohort. 
The current market resembles past accumulation phases, leaving only five to 
six weeks until the average 180-day point when momentum often accelerates.
_Bitcoin realized price of different cohorts. Source: Axel Adler Jr._
This bullish timeline parallels Standard Chartered&#8217;s head of digital assets 
research, Geoffrey Kendrick&#8217;s prediction that Bitcoin will hit a new all-time 
high of $120,000 in Q2 2025, driven by strategic reallocation from US assets. 
Kendrick noted that a high US Treasury term premium, correlating with BTC&#8217;s 
price, and time-of-day trading patterns indicate US investors are seeking non- 
US assets since President Donald Trump&#8217;s trade war began on April 2.
_Bitcoin price movement between time zones. Source: X.com_
 _**Related: Bitcoin could hit $210K in 2025, says Presto research head**_
## Bitcoin futures market hints at &#8220;long squeeze&#8221; below $91,000
Bitcoin&#8217;s funding rate has turned positive, signaling a dominance of long 
positions as traders bet on price rises above $90,000. Between April 24 and 
April 25, Bitcoin&#8217;s funding rate briefly turned negative, sparking discussions 
of a potential long squeeze that could push prices toward $97,000. However, 
the market dynamics shifted with the funding rate flipping positive, which 
could lead to a long squeeze.
_Bitcoin funding rate. Source: CryptoQuant_
A Long squeeze is a market event where a sudden price drop forces over- 
leveraged long traders to sell, amplifying the decline through mass 
liquidations.
Bitcoin prices have dropped 1.58% after the New York market session opened on 
April 28, and BTC might drop as low as $90,500 over the next few days.
As illustrated in the chart, bullish momentum is beginning to fade, and BTC 
could re-test the fair-value gap (FVG) between $90,500 and 88,750 on the 
4-hour chart.
The price also formed a bearish divergence with the relative strength index 
(RSI) after the price failed to hold a position above $95,000.
_Bitcoin 4-hour chart. Source: Cointelegraph/TradingView_
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 pullback to $91K possible, but onchain data highlights ‘healthy’ market fundamentals

Ethereum is now facing a critical test as it trades within a tight range, 
sitting below the $1,850 resistance and above the $1,750 support. After a 
strong recovery from the $1,400 level earlier this month, bulls have managed 
to stabilize price action, but the real challenge is now unfolding. To confirm 
a sustainable bullish structure, Ethereum must decisively reclaim the $2,000 
level in the coming days. Related Reading: Solana Will Face A Pivotal Moment 
In May – Bear Market Bounce Or Bull Market Dip? Market sentiment remains 
cautious as Ethereum consolidates below resistance while macroeconomic 
uncertainty continues to weigh on risk assets. Top crypto analyst Big Cheds 
shared insights on X, highlighting a technical concern: Ethereum is displaying 
a 4-hour bear divergence on the On-Balance Volume (OBV) indicator, along with 
an upper shadow structure. With volatility expected to rise and traders 
closely watching for a breakout or breakdown, the coming sessions could define 
Ethereum’s trend for the next several weeks. Bulls need to act quickly to 
maintain momentum and prevent bears from regaining control. Ethereum Battles 
Resistance As Bulls Try To Keep Control Ethereum is starting to show early 
signs of a bullish structure on low time frames, giving bulls hope for a 
broader recovery. After pushing from the $1,400 local low, ETH has managed to 
hold above key moving averages and consolidate within a tight range. However, 
the market remains highly cautious, and selling pressure could increase 
quickly if bulls fail to reclaim higher levels. Momentum has shifted in 
Ethereum’s favor over the past few days, and several analysts are calling for 
a potential massive breakout if key resistance levels are breached. A 
confirmed breakout above $1,850 could open the door for a swift move back to 
the $2,000 psychological level. Nevertheless, risks remain elevated, and an 
opposing bearish view suggests that Ethereum could revisit the $1,300 zone if 
bulls lose control. Ched&#8217;s critical insights point out that Ethereum is 
forming a 4-hour bearish divergence on the On-Balance Volume (OBV) indicator. 
This, combined with the appearance of an upper shadow on local structure, 
signals weakening buying pressure. According to Cheds, a short position could 
be triggered if Ethereum loses the $1,750 support zone, which would confirm a 
breakdown from the current consolidation pattern. Related Reading: SUI Shows 
Relative Strength Against Bitcoin – New Uptrend In Play? Technical Details: 
Key Levels To Change Structure Ethereum is trading at $1,815 after days of 
tight consolidation and modest upward movement. Bulls have managed to defend 
the $1,750-$1,800 support range, but the real test remains ahead. To shift the 
broader bearish structure into a confirmed bullish trend, Ethereum must 
reclaim the $2,100 level. Without this breakout, any rallies are likely to be 
seen as temporary relief within a broader downtrend. Holding above the $1,800 
level is critical in the coming days. A firm base above this zone would help 
build strong demand and create the conditions needed for a sustained recovery 
rally. Bulls are gaining some short-term momentum, but they still face a 
market clouded by macroeconomic uncertainty and cautious sentiment. Related 
Reading: Ethereum Reclaims Local Range Against BTC – Can Bulls Target The 
Range High? If Ethereum fails to maintain support at $1,750, downside risks 
will grow rapidly. Breaking below this zone could trigger a sharp sell-off, 
likely sending ETH toward the $1,500 mark. As the market shows signs of 
strength, Ethereum’s next move will be decisive. It will determine whether it 
can join a larger recovery trend or continue struggling within a volatile and 
uncertain environment. Featured image from Dall-E, chart from TradingView

Ethereum Shows 4H Bearish Divergence – Can Bulls Hold $1,750?

Lombard has partnered with Eigenlayer and the Eigen Foundation to integrate 
bitcoin into Eigenlayer’s restaking ecosystem. This marks the first time 
bitcoin (via Lombard’s LBTC) will be used as collateral for decentralized 
services on Ethereum. Lombard’s LBTC Integrates With Eigenlayer, Unlocking New 
Bitcoin Utility The collaboration enables bitcoin (BTC) holders to restake 
LBTC, earning yield […]