More than 3.7 million cryptocurrency tokens have failed since 2021, with nearly half of those collapses occurring during the Pump.fun-driven memecoin craze. Millions of tokens have failed since 2021, with nearly half of those collapses recorded in 2024 and early…

Crypto death toll hits 3.7m since 2021, with 50% of coins wiped out post-Pump.fun era, research shows

The XRP price continues to hold support above $2, which now serves as an 
important level for bulls. This continues as bullish sentiment is the order of 
the day, and the sellers seem to have run out of steam across the crypto 
market. With these developments, expectations for the XRP price have shot up 
significantly. Most especially among crypto analysts, who continue to predict 
that the altcoin is set for great things and could reach double-digits this 
bull cycle. XRP Price Still On Track For Mega Candle Crypto analyst Egrag 
Crypto has been very vocal on X (formerly Twitter) about the bullishness of 
XRP. The analyst has become known for calling the XRP price increase for 
months before the impressive 2024 rally. Even as that rally has cooled off and 
the altcoin is now struggling at support, the crypto analyst has not deviated. 
Rather, he continues to call out that the cryptocurrency is still quite 
bullish, which he expects to hit double-digits at some point. Related Reading: 
CMT-Verified Analyst Reveals When To Buy Bitcoin As Heikin Ashi Candle Turns 
Bearish In a recent post, the crypto analyst explained that the XRP price is 
still on track to move upward. In what he calls the ‘blue ocean’, Egrag Crypto 
points out that investors are now “swimming with sharks”. In this case, XRP is 
being gobbled up at a rapid pace, which could set it on a path to see rapid 
recoveries. With the positive sentiment rising, the crypto analyst sees the 
XRP price exploding soon. He explains that a mega green candle is on the way, 
and this could drive the price finally above double-digits. In this blue 
ocean, Egrag Crypto sets three price targets. The first is $9.5, and then 
moving further into $17. Last but not least is the $27 target, something that 
the crypto analyst has continuously predicted for over a year now. Currently, 
the XRP price is still trading just above the $2 support, so this means that 
it has a long way to go before it hits the analyst’s targets. The expectation 
of XRP ETFs being launched has also been put forward by many in the community 
as a potential factor that could trigger a rise in the XRP price. Related 
Reading: Crypto Analyst Reveals XRP Price Crash In The Short-Term, Here’s The 
Target Previously, there had been rumors that the ProShares XRP ETFs would 
launch on April 30. However, Bloomberg’s ETF expert James Seyffart has said 
that there are no plans to launch on this date, and there is no specified date 
yet. Nevertheless, the fund is expected to launch its XRP ETFs in the short to 
medium term, and this is expected to be a catalyst for an XRP price increase. 
c

XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target

Bloomberg analysts have projected 75% to 90% approval chances for the key 
exchange-traded fund applications currently under review, but mounting delays 
from the SEC are pushing final decisions further into 2025. Bloomberg analysts 
Eric Balchunas and James Seyffart have recently…

Analysts project high approval odds for pending crypto ETFs as SEC delays mount

Sygnum, a Zurich-based digital asset banking group, revealed a 400% average 
annual growth in traditional securities trading volume on its blockchain-based 
DLT Treasury Management system since 2020, alongside a doubling of 
institutional clients trading these assets over the past year. This surge, 
amplified by recent U.S. regulatory shifts—such as the Federal Reserve’s 
decision to ease […]

Sygnum Reports 400% Surge in Institutional Demand for Crypto-TradFi Integration

**Key takeaways** :
 * Macro Chain Index issues first buy signal since 2022, hinting at a new Bitcoin bull run.
 * RSI crossover on the MCI aligns with past cycle bottoms that preceded 500%+ BTC rallies.
 * Bitcoin price recovers from $74K to $95K amid rising open interest and positive funding rates.
A key Bitcoin (BTC) indicator that accurately signaled the 2022 market bottom 
has just flashed another buy signal, suggesting the cryptocurrency may be 
entering a new bull phase.
## Bitcoin metric hints at &#8220;absolute bottom&#8221;
Dubbed the Macro Chain Index (MCI), the indicator is a composite of several 
long-term on-chain and macroeconomic metrics.
It analyzes factors such as accumulation behavior, network activity, and 
supply trends, helping identify whether Bitcoin is undervalued or overvalued 
relative to its historical cycle position.
The most important part of the current chart is the RSI (Relative Strength 
Index) of the MCI (purple). In April, the RSI crossed above its 52-week moving 
average (yellow), which has historically confirmed the start of Bitcoin bull 
runs.
_Bitcoin macro chain index. Source: Alpha Extract_
This RSI crossover previously appeared in 2015 ahead of Bitcoin&#8217;s surge to 
$20,000, in 2019 before the run to $65,000, and in late 2022 just before BTC 
bottomed near $15,500.
If historical patterns hold, the April 2025 crossover means the beginning of a 
new bull run, particularly as several other indicators also point to Bitcoin 
breaking above its key psychological resistance at $100,000.
&#8220;Our Macro Chain Index fired a long signal, the first buy signal since 2022, 
when it successfully went long at the absolute bottom,&#8221; Alpha Extract, the 
creator of the Macro Chain Index, stressed further, adding:
&gt; &#8220;Considering that the fundamentals align and the market structure is 
&gt; gradually following, this is a significant call, imho.&#8221;
_**Related:**__**Bitcoin price always rallies at least 50% after these two 
patterns emerge**_
Bitcoin dipped by as much as 32% after establishing a record high of nearly 
$110,000 in January, a sharp decline caused primarily by US President Donald 
Trump&#8217;s global trade war.
_BTC/USD weekly price chart. Source: TradingView_
BTC formed a local low below $74,450 in early April, but has since recovered 
to around $95,650 amid signs that it is &#8220;decoupling&#8221; from an otherwise bearish 
US stock market.
## Bitcoin open interest rises by $2.2 billion in April
Bitcoin&#8217;s recent price rebound is gaining strong support from futures markets, 
especially on Binance.
Between January and early April, open interest (OI) on the exchange dropped 
from $11.9 billion to $7.5 billion, marking a 36.9% decline and signaling 
reduced confidence and lower leverage during the market downturn. But the 
trend flipped in mid-April.
Over the past three weeks, traders have pushed open interest up by 29.3%, from 
$7.5 billion to $9.7 billion, aligning with Bitcoin&#8217;s price rise in spot 
markets.
_Bitcoin open interest (Binance) daily chart. Source: CryptoQuant_
This synchronized rise in price and open interest shows that traders are 
entering new long positions, not just closing shorts. It signals growing 
confidence in Bitcoin&#8217;s upside.
Funding rates have also stayed mostly positive, which means long-position 
holders are paying short sellers, a typical sign that the market expects 
higher prices.
_Bitcoin funding rates. Source: CryptoQuant_
The rising open interest and positive funding rates are showing renewed 
bullish momentum, adding weight to the argument that Bitcoin could continue 
climbing toward $100,000 in the coming days.
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 macro indicator that predicted 2022 bottom flashes 'buy signal'

The Federation Internationale de Football Association (FIFA) plans to launch a 
new blockchain network to support its non-fungible token (NFT) collectibles, 
the organization announced on April 30.
FIFA will launch its &#8220;FIFA Blockchain,&#8221; with Ethereum Virtual Machine (EVM) 
compatibility and aims to provide &#8220;better performance, future features, and 
improved scalability.&#8221;
As part of the move, FIFA Collect&#8211;its official NFT collection&#8211;will migrate 
from the Algorand blockchain to the new FIFA Blockchain. The migration is 
scheduled to begin no earlier than May 20, FIFA said.
_FIFA announces new blockchain for FIFA collection migration. Source: 
collect.fifa.com_ 
&#8220;At this stage, no immediate action is required. When the migration process 
begins, we will provide clear, step-by-step instructions on what (if anything) 
you need to do,&#8221; the announcement stated.
The collection&#8217;s migration will take place &#8220;not earlier than&#8221; May 20, 2025, 
FIFA said, adding that it will confirm the exact date and provide clear 
instructions for NFT holders.
Following the migration, external Algorand-based wallets such as Pera and 
Defly will no longer be supported. Instead, users will be able to connect to 
FIFA Collect via MetaMask or other EVM wallets that support WalletConnect.
Other listed collectibles will be automatically listed on the new platform, 
unless users delist them before the migration date.
This is a developing story, and further information will be added as it 
becomes available.
_**Related:**__**Bitcoin volatility lowest in 563 days, Hayes predicts $1M BTC 
by 2028**_