Leading Canadian cryptocurrency trading platform, Ndax,&nbsp;and the National Hockey League&nbsp;announced a major partnership Wednesday for&nbsp;the 2025 Stanley Cup Playoffs



What Happened: Ndax was named the official crypto trading platform of the NHL, according to a press release



Under the terms of the agreement, Ndax will gain brand exposure&nbsp;during the 2025 Stanley Cup&nbsp;Playoffs, with its logo featured for all Canadian playoff games. The logo will be displayed&nbsp;on the NHL's Digital&nbsp;Enhanced Dasherboards during all&nbsp;national Stanley Cup Playoffs broadcasts&nbsp;in Canada.



See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44959727/trump-token-price-explodes-60-following-announcement-of-private-dinner-with-donald-trump" target="_blank" rel="noreferrer noopener">TRUMP Token Price Explodes 60% Following Announcement Of Private Dinner With Donald Trump </a>



The collaboration also marks the launch of Ndax ICE, a free-to-play daily NHL prediction game. The mobile-based game will allow users to predict the winners of the games and earn prizes such as tickets to the Stanley Cup Playoffs, Stanley Cup Final, and cryptocurrency rewards of up to CA$5,000 ($3604.43) in the asset of their choice.



Why It Matters: This partnership represented a significant milestone in the integration of cryptocurrency into mainstream sports.



Ndax, a premier cryptocurrency trading platform in Canada, allows users to trade various cryptocurrencies, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). 



The NHL is one of the <a href="https://www.benzinga.com/topic/nhl">major professional sports leagues</a> in the U.S. and Canada. Following the conclusion of the NHL&#8217;s regular season,&nbsp;16 teams advance to the&nbsp;Stanley Cup playoffs, a four-round tournament that runs into June to determine the league champion. This year, five Canadian teams have qualified for the playoffs.



Read Next:&nbsp;



<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44925491/5-000-calling-will-pectra-lift-ethereum-to-its-next-all-time-high" target="_blank" rel="noreferrer noopener">$5,000 Calling: Will Pectra Lift Ethereum To Its Next All-time High?</a></li>
</ul>



Photo Courtesy: Debby Wong on Shutterstock.com



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

NHL And Canada-Based Ndax Announce Partnership For 2025 Stanley Cup Playoffs, Launches Prediction Game That Gives Users Chance To Win Finals Ticket And Crypto

A trader missed making millions in profit due to the premature selling of Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) tokens ahead of a bullish announcement on Wednesday.



What Happened:&nbsp; The investor sold all their 630,339 TRUMP, worth $5.48 million, just before the announcement of an exclusive dinner date with President Donald Trump for the token&#8217;s biggest holders, according to Lookonchain.



The trader offloaded the tokens at $8.7 each, making a profit of around $483,000. However, had the trader waited until the announcement,&nbsp;his profit would have been&nbsp;over $4.5 million.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What a sad story! This guy dumped all 630,339 <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a>($5.48M) just before the <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw">#Trump</a> dinner news. If he had been more patient, his profit would have been over $4.5M.<a href="https://t.co/mwWGMYi7eH">https://t.co/mwWGMYi7eH</a> <a href="https://t.co/Mgh1ZaT8dQ">pic.twitter.com/Mgh1ZaT8dQ</a>&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1915084361751499178?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Meanwhile, frantic trading activity was observed for the high-profile token. A whale investor bought $5 million worth of TRUMP as the price began to rise and sold it all in less than 30 minutes for $5.73 million, netting $731,800.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A whale just spent 5M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to buy 407,467 <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> at $12.27 after the news of the <a href="https://twitter.com/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> Dinner.<a href="https://t.co/uhuZdkloOD">https://t.co/uhuZdkloOD</a> <a href="https://t.co/3o0XQEDn0x">pic.twitter.com/3o0XQEDn0x</a>&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1915080262758871484?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44962519/floki-surges-32-in-7-days-outpaces-dogecoin-shiba-inu-what-is-going-on" target="_blank" rel="noreferrer noopener">Floki Surges 32% In 7 Days, Outpaces Dogecoin &amp; Shiba Inu: What Is Going On?</a>



Why It Matters:&nbsp;The dinner, <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44959727/trump-token-price-explodes-60-following-announcement-of-private-dinner-with-donald-trump">scheduled for May 22</a>, is to be held at Trump National Golf Club in Washington, D.C., and is limited to the top 220 holders of the TRUMP token. 



The top holders will also be able to attend a VIP reception and tour the White House, as well as receive limited-edition commemorative non-fungible tokens on the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) chain.



The memecoin surged as much as 65% on the news before tapering by late evening. The team behind the token clarified that Trump will be a guest at the event but will not be involved in fundraising or investment solicitation.



Price Action: At the time of writing, TRUMP was exchanging hands at $12.64, up 37% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. It rose to become the fourth-largest meme coin by market capitalization.



Photo Courtesy: Jonah Elkowitz on Shutterstock.com



Read Next:&nbsp;



<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44925491/5-000-calling-will-pectra-lift-ethereum-to-its-next-all-time-high" target="_blank" rel="noreferrer noopener">$5,000 Calling: Will Pectra Lift Ethereum To Its Next All-time High?</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Trader Dumps TRUMP Tokens Before Presidential Dinner Revelation: Meal Cost Early Seller $4.5 Million

Leading cryptocurrencies gained on Wednesday amid reports that President Donald Trump was considering reducing China tariffs.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:45 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+0.47%</td><td>$93,643.53</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+2.38%</td><td>$1,792.14</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.57%</td><td>$0.1785</td></tr></tbody></table></figure>



What Happened: Bitcoin consolidated in the $93,000 range after rising above $94,000 early this morning. Ethereum, the second-largest cryptocurrency, surpassed $1,800 for the first time since April 6.&nbsp;



Dogecoin, meanwhile, edged lower, following a sharp rebound earlier in the week.



Over $351 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly $190 million in bearish shorts getting erased.&nbsp;



Nearly $289 million in Bitcoin shorts risked liquidation if the apex cryptocurrency reached $95,000.



Bitcoin&#8217;s Open Interest rose moderately by 0.15% in the last 24 hours, following a double-digit bump in the previous day.



Bearish bets continued to dominate over bullish long bets, as more than 62% of Binance traders with open Bitcoin positions bet against the leading cryptocurrency.



The market sentiment remained in "Greed," according to the Crypto Fear and Greed Index, signaling a rise in buying pressure.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:45 p.m. ET)</td></tr><tr><td>Official Trump (TRUMP)</td><td>+41.26%</td><td>$13.03</td></tr><tr><td>Onyxcoin (XCN)</td><td>+12.85%</td><td>$0.02103</td></tr><tr><td>JasmyCoin (JASMY)</td><td>+9.66%</td><td>$0.01683</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $2.93 trillion, following a marginal increase of 0.11% in the last 24 hours.



Stocks rose further on Wednesday. The Dow Jones Industrial Average jumped 419.59 points, or 1.07%, to end at 39,606.57. The S&amp;P 500 gained 1.67% to close at 5,375.86. The tech-heavy Nasdaq Composite spiked 2.50% to end at 16,708.05.



The advance comes amid reports that the Trump administration was contemplating <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44962996/nio-stock-trades-higher-on-potential-china-tariff-cuts-ev-sector-optimism">lowering China tariffs to between 65% and 50%</a>, a significant reduction from the current 145%.



The sentiment has also been boosted by the shift in Trump&#8217;s tone toward Jerome Powell, who said he has no intention of firing the Federal Reserve Chair.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: In a note to Benzinga, analysts at cryptocurrency payment company B2BINPAY said that while Bitcoin's current setup looks bullish, there are warning signs.



"Bitcoin dominance is currently very high, at 64.30%. This means that if Bitcoin drops even slightly from here, the altcoin market could face a much sharper decline. In this scenario, caution is warranted — it's like walking on thin ice," the analytics team added.



Widely followed cryptocurrency analyst Rekt Capital noted Ethereum's "strong" reaction as it tested the "historical demand area" as support.



"Continued stability here is essential to building out a reversal base," the chartist stated.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> Ethereum is enjoying a stronger reaction today, successfully retesting this light blue area as support Continued stability here is essential to building out a reversal base <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://t.co/OOdMS4HfUs">https://t.co/OOdMS4HfUs</a> <a href="https://t.co/6OJit9yepP">pic.twitter.com/6OJit9yepP</a>&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1915061207343788288?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo: Antonio Gravante/Shutterstock



Read Next:    



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44959727/trump-token-price-explodes-60-following-announcement-of-private-dinner-with-donald-trump">TRUMP Token Price Explodes 60% Following Announcement Of Private Dinner With Donald Trump</a></li>
</ul>

Bitcoin, Ethereum Rise, Dogecoin Falls As Trump Reverses Course On China Tariffs: Analyst Says BTC Setup Bullish But 'It's Like Walking On Thin Ice'

Major cryptocurrencies are surging across the board as trade war tensions ease, following President Trump's remarks that talks with China are "doing fine.&#8221;



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>&nbsp;$93,169.06</td><td>+1.8%</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>&nbsp;$1,779.94</td><td>+4.7%</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>&nbsp;$149.30</td><td>+3.1%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>&nbsp;$2.20</td><td>+2.4%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>&nbsp;$0.1783</td><td>+3.6%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00001351</td><td>+2.6%</td></tr></tbody></table></figure>



Notable Statistics:



<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 34.2% and daily active addresses growing by 17.4%. Transactions greater than $100,000 are up from 8,839 to 11,674 in a single day. Exchanges netflows are down by 122.5%.</li>



<li>Coinglass data reports 195,922 traders were liquidated in the past 24 hours for $634.49 million.</li>
</ul>



Notable Developments:



<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44957349/bitcoin-spot-etfs-record-936-million-net-inflow-ethereum-etfs-add-38-74-million">Bitcoin Spot ETFs Record $936 Million Net Inflow, Ethereum ETFs Add $38.74 Million</a></li>



<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44940871/elon-musk-led-tesla-reports-125-million-in-unrealized-losses-on-bitcoin-after-top-crypto-drops-12-in-q1">Elon Musk-Led Tesla Reports $125 Million In Unrealized Losses On Bitcoin After Top Crypto Drops 12% In Q1</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44942475/jack-dorsey-says-major-changes-coming-to-blocks-self-custody-bitcoin-wallet-what-to-expect">Jack Dorsey Says Major Changes Coming To Block&#8217;s Self-Custody Bitcoin Wallet: What To Expect</a></li>



<li><a href="Brandon%20Lutnick,%20Tether,%20SoftBank%20Back%20$3%20Billion%20Bitcoin%20Venture">Brandon Lutnick, Tether, SoftBank Back $3 Billion Bitcoin Venture</a></li>



<li><a href="https://www.benzinga.com/trading-ideas/movers/25/04/44959619/exclusive-defi-development-adds-9-9-million-in-solana-tokens-underscoring-its-commitment-towards-digital-asset-treasury-strategy">EXCLUSIVE: DeFi Development Adds $9.9 Million In Solana Tokens Underscoring Its Commitment Towards Digital Asset Treasury Strategy</a></li>
</ul>



Top Gainers:



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>OFFICIAL TRUMP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>)</td><td>$13.07</td><td>+46.6%</td></tr><tr><td>Onyxcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">XCN</a>)</td><td>$0.02203</td><td>+22.9%</td></tr><tr><td>Sui (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SUI</a>)</td><td>$2.95</td><td>+20.8%</td></tr></tbody></table></figure>



Trader Notes: Sistine Research has <a href="https://x.com/sistineresearch/status/1915068663310229616">set</a> a Bitcoin target at $370,000, citing a historical pattern: once BTC clears major psychological resistance zones, it tends to accelerate rapidly in momentum-fueled rallies. 



Price action is often slow and cautious at resistance, until it isn't.



ShardiB2 highlighted that Bitcoin is undergoing an orderly pullback, and a dip to the $90,000 level, marked by the green line which would still be considered structurally healthy. 



That zone could offer a high-conviction entry for bulls.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> orderly pullback.. could even go to 90k where that green line is and still be good&#8230; would be a nice entry <a href="https://t.co/mKq5BlSNkD">pic.twitter.com/mKq5BlSNkD</a>&mdash; Don&#39;t follow Shardi B if you hate Money (@ShardiB2) <a href="https://twitter.com/ShardiB2/status/1915065870293860412?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Byzantine General <a href="https://x.com/ByzGeneral/status/1915060803088339259">added</a> that while Bitcoin has broken cleanly out of its downtrend, a significant technical win, this area is also a prime zone for mean reversion, with a potential move back toward the midrange before resuming trend.



Crypto trader CJ <a href="https://x.com/CJ900X/status/1914996482844840087">noted</a> Bitcoin's strong close above range highs with no short signals in sight, confirming bullish momentum. However, with price now tapping into monthly liquidity, a retracement may be imminent.



He's watching for a "three drives" pattern into $95,000. If that level triggers a reversal, it could open up a short opportunity targeting the $90,000 imbalance or the equilibrium of the previous expansion candle. 



If no reversal emerges, the bull trend remains intact, and there's no need to force trades.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44959287/bitcoin-has-likely-bottomed-at-74500-200000-is-on-the-table-says-arthur-hayes">Bitcoin Has Likely Bottomed At $74,500, $200,000 Is On The Table, Says Arthur Hayes</a></li>
</ul>



Image: Shutterstock

Bitcoin, Ethereum, XRP, Dogecoin See Thundering Surge — Trader Eyes $90,000 BTC As 'Nice Entry'

Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) has surged 32% over the past week, outperforming top meme coins like Dogecoin and Shiba Inu. Some traders to call Floki "incredibly undervalued" with <a href="https://www.benzinga.com/money/floki-price-prediction">three-digit upside potential</a>.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>Floki Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>)</td><td> $0.00007109</td><td>$684.4 million</td><td>+13.8%&nbsp;</td><td>+32.4%&nbsp;</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td> $0.1810</td><td>$26.96 billion</td><td>+5.7%&nbsp;</td><td>+17.2%&nbsp;</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00001367</td><td>$8.05 bilion</td><td>+3.2%&nbsp;</td><td>+16.3%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Unipcs <a href="https://x.com/theunipcs/status/1915001814006513923">says</a> Floki is breaking away from the meme coin pack, having already surpassed its previous all-time highs while DOGE and SHIB lag. 



He points to deep TradFi and crypto integration, especially its ETP listings, as a key driver for future inflows.



He adds that Floki is down 80% from ATH, offering a strong risk/reward ratio, listed on Binance, Coinbase, Robinhood EU, Revolut, and nearly every major CEX and one of the most recognized crypto brands due to aggressive global marketing.



Javon Marks also <a href="https://x.com/JavonTM1/status/1915073943796404667">sees</a> a major breakout brewing. 



If current resistance breaks cleanly on this volume, he predicts a +270% move toward $0.00027, fueled by BNB Chain tailwinds, meme coin momentum and the ETP narrative. 



The volume spike is often the early tell before price follows, and it looks like the setup is aligning nicely.



Statistics: IntoTheBlock data shows Floki's large transaction volume and daily active addresses increased 10.7% and 18.2% respectively. Currently, 52% Floki holders are making profit.



Coinglass data shows Floki's open interest and derivatives trading volume spiked 29.5% and 122.3% respectively in a single day.



Community News: Floki <a href="https://x.com/RealFlokiInu/status/1915052286801256556">announced</a> a strategic partnership with Rice Robotics, the company behind RICE AI, backed by Nvidia, SoftBank and Alibaba Entrepreneurs Fund. 



The duo is launching the FLOKI Minibot M1, an AI companion robot integrated with Floki's decentralized AI protocol.



The goal is pioneer Decentralized Physical AI (DePAI) where robots buy, train and share data. Floki's TokenFi will play a core role in tokenizing Rice AI's brand and data marketplace.



With the AI robotics market projected to hit $100 billion by 2030, this positions Floki at the intersection of AI, Web3 and real-world utility.



Read Next: 



<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44846673/meme-coin-market-is-very-much-alive-can-dogecoin-shiba-inu-fartcoin-bounce-back">Meme Coin Market Is &#8216;Very Much Alive&#8217;: Can Dogecoin, Shiba Inu, Fartcoin Bounce Back?</a></li>
</ul>



Image: Shutterstock

Floki Surges 32% In 7 Days, Outpaces Dogecoin & Shiba Inu: What Is Going On?

Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) has rallied 23% iover the past week, gaining momentum on the back of rising whale transactions and an <a href="https://www.benzinga.com/money/pepe-price-prediction">uptick in new holders</a>.  



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>&nbsp;$0.058857</td><td>$3.7 billion</td><td>+5.3%&nbsp;</td><td>+23.6%&nbsp;</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>&nbsp;$0.1782</td><td>$26.6 billion</td><td>+4.2%&nbsp;</td><td>+14.8%&nbsp;</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00001352</td><td>$8 billion</td><td>+3.9%&nbsp;</td><td>+14.4%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto analyst Davie Satoshi <a href="https://x.com/NFTdavie/status/1915026394490294418">says </a>Pepe is the current meme coin market leader, calling it a &#8220;reliable barometer&#8221; for the broader trend. 



However, he warns that the 3-day Stochastic RSI is peaking, historically signaling a cooldown or short-term pullback. 



He adds that it&#8217;s usually more bullish when the RSI is at the bottom, so traders may want to wait for momentum to reset.



CryptoPepe sees Pepe &#8220;super bullish&#8221; with target 1 at $0.000001070, target 2 at $0.000001500, target 3 at $0.000002200. Target 4 and target 5 is to overtake Shiba Inu and Dogecoin.



Meanwhile, Plazma <a href="https://x.com/Plazma0x/status/1914996004429975831">says</a> the PEPE/ETH pair is gearing up for a move toward all-time highs, citing strength in both structure and sentiment. Trader y00thereum went further, saying he's "very confident" Pepe will flip Shiba Inu soon.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you think <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> will not flip <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> you are 100% retarded. &#x1f438;&#x1f4b9; <a href="https://t.co/t3GkeUZkJG">pic.twitter.com/t3GkeUZkJG</a>&mdash; y00thereum (@y00thereum) <a href="https://twitter.com/y00thereum/status/1914801540277129354?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Statistics: Plazma <a href="https://x.com/Plazma0x/status/1914748587897999577">reported </a>314 new holders joined the Pepe ecosystem on April 23, bringing the total to 424,302. 



He added that the trade war de-escalation is helping risk assets, and Pepe is leading meme coins, now ranked 28th in overall crypto market cap.



IntoTheBlock data shows Pepe's large transaction volume and daily active addressed increased by 28.7% and 29.9%, respectively, in a single day. 



Transactions greater than $100,000 spiked from 190 to 231. 



With 74% Pepe concentration by large holders, traders remain confident about the meme coin's long-term price trajectory.  



Coinglass data shows Pepe derivatives trading volume expanded by 12.6% and open interest zoomed 5.4% higher in a single day.



Read Next:&nbsp;



<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44846673/meme-coin-market-is-very-much-alive-can-dogecoin-shiba-inu-fartcoin-bounce-back">Meme Coin Market Is &#8216;Very Much Alive&#8217;: Can Dogecoin, Shiba Inu, Fartcoin Bounce Back?</a></li>
</ul>



Image: Shutterstock

Pepe Surges 23% In 7 Days: Can It Flip Shiba Inu, Dogecoin?

The price of the Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) meme coin surged by 60% to $14.4 on Wednesday, following the announcement of an exclusive dinner event with <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44335357/donald-trumps-official-meme-coin-worth-14-5-billion-on-inauguration-day-is-down-to-2-3-billion">President Donald Trump</a>.



What Happened: The dinner, <a href="https://x.com/GetTrumpMemes/status/1915079910357402015">scheduled </a>for May 22, will be held at Trump National Golf Club in Washington, D.C., and is limited to the top 220 holders of the TRUMP token.



The sharp price movement came shortly after the project's official X (formerly Twitter) account confirmed details of the event and directed users to the official <a class="" href="https://gettrumpmemes.com/dinner">GetTrumpMemes.com</a> website for eligibility and participation information.



According to the site, the top 25 token holders will also gain access to a VIP reception and White House tour, along with receiving limited edition commemorative NFTs, minted on the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) blockchain. 



The leaderboard tracking token holder rankings updates hourly.



The TRUMP token, launched on Jan. 17, is a meme coin on the Solana blockchain, with 200 million tokens initially available and a total supply cap of 1 billion over three years.



The project, managed by Fight Fight Fight LLC, an affiliate of the Trump Organization, emphasizes that TRUMP is not a political initiative or investment opportunity but an expression of support for Trump's ideals.



 The project clarifies that Trump is a guest at the event and is not involved in fundraising or investment solicitation.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44957349/bitcoin-spot-etfs-record-936-million-net-inflow-ethereum-etfs-add-38-74-million">Bitcoin Spot ETFs Record $936 Million Net Inflow, Ethereum ETFs Add $38.74 Million</a>



Why It Matters: The announcement has spurred a wave of retail interest, with users purchasing TRUMP tokens via debit cards and crypto to secure leaderboard positions.



For instance, shortly after the announcement, blockchain analytics account Lookonchain <a href="https://x.com/lookonchain/status/1915080262758871484">reported </a>that a whale investor had spent $5 million (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) to purchase 407,467 TRUMP tokens at an average price of $12.27, highlighting the scale of demand triggered by the event.



The event marks one of the first high-profile real-world experiences tied directly to token holdings in a political-themed meme coin.



The token was trading around $9.00 before the announcement and quickly rose to $14.4 within the day, before settling at 13.4.



Read Next:



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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44948500/brandon-lutnick-tether-softbank-back-3-billion-bitcoin-venture">Brandon Lutnick, Tether, SoftBank Back $3 Billion Bitcoin Venture</a></li>
</ul>



Image: Shutterstock

TRUMP Token Price Explodes 60% Following Announcement Of Private Dinner With Donald Trump

DeFi Development Corporation (formerly Janover) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JNVR#NASDAQ">JNVR</a>) announced on Wednesday that it will purchase approximately 65,305 Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) tokens.



Following the transaction, DeFi Development Corporation now holds approximately 317,273 SOL, valued at $48.2 million, including staking rewards. Other metrics include:



<ul>
<li>Total Shares Outstanding: Approximately 1.5M</li>



<li>SOL per share (SPS): 0.22, valued at $32.88 per share.</li>



<li>SOL/share growth (SPS growth vs. last purchase): 40%.</li>
</ul>



A portion of the Solana acquired includes locked SOL sourced via BitGo's OTC desk, which facilitates purchases from institutional sellers subject to time-based unlock schedules.



Any tokens acquired through this program will be held on a long-term basis and staked to generate native yield.



Locked SOL refers to tokens held under contractual restrictions, typically from vesting schedules, bankruptcies, venture allocations, or project-specific lockups.



These tokens cannot be transferred on-chain until their unlock period expires, but can still be bought and sold over-the-counter between qualified parties.



"This is a clear example of the strategic execution we've built our treasury strategy around," said Joseph Onorati, Chief Executive Officer of DeFi Development Corporation. "By gaining access to locked discounted inventory through a trusted partner like BitGo, we're able to accumulate some of our SOL below market prices while deepening our alignment with the Solana ecosystem."



On Tuesday, Janover changed its corporate name to DeFi Development Corporation, reflecting its evolution into a crypto treasury vehicle designed for <a href="https://www.benzinga.com/pressreleases/25/04/g44919373/janover-inc-announces-corporate-name-change-to-defi-development-corporation" target="_blank" rel="noreferrer noopener">public market investors</a>. The company will change its ticker to the symbol &#8220;DFDV&#8221; on the Nasdaq at a future date.



Last week, in April, Janover announced the purchase of 80,567 Solana,&nbsp;valued at <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44809791/exclusive-janover-scoops-10-5-million-of-solana-under-new-treasury-strategy" target="_blank" rel="noreferrer noopener">approximately&nbsp;$10.5 million</a>. This purchase marks the third execution under its newly adopted digital asset treasury strategy. This purchase brings Janover&#8217;s total Solana holdings to 163,651.7, valued at approximately $21.2 million.



In April, Janover purchased approximately $4.6 million Solana, marking the first execution under its newly adopted&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/04/44731415/exclusive-janover-acquires-4-6-million-of-solana-sol-begins-digital-asset-treasury-strategy" rel="noreferrer noopener">digital asset treasury strategy</a>.



The company will immediately begin staking its SOL position, generating revenue while supporting the Solana network. This marks the first allocation of capital from the company's recently completed $42 million financing round.



On Wednesday, DeFi Development (or Janover) appointed Fei &#8220;John&#8221; Han as Chief Financial Officer and Dan Kang as Head of Investor Relations. The new appointments underscore the company&#8217;s commitment as it scales its crypto-<a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44946290/defi-development-corporation-appoints-john-han-as-chief-financial-officer" rel="noreferrer noopener">forward treasury strategy</a>.



Former CFO Bruce Rosenbloom will remain with the company as EVP of Finance.



Price Action: JNVR stock is up 24.80% at $55.98&nbsp;at the last check Wednesday.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/04/44957714/rogers-communications-q1-earnings-beat-expectations-reiterates-outlook" target="_blank" rel="noreferrer noopener">Rogers Communications Q1 Earnings Beat Expectations, Reiterates Outlook</a></li>
</ul>

EXCLUSIVE: DeFi Development Adds $9.9 Million In Solana Tokens Underscoring Its Commitment Towards Digital Asset Treasury Strategy

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has likely bottomed at $74,500, according to <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44732651/how-arthur-hayes-turned-0-into-500-million-in-6-years-and-predicted-bitcoins-dump-to-76000">BitMEX co-founder Arthur Hayes</a>.



What Happened: Hayes, now Chief Investment Officer at Maelstrom, attributes this call to U.S. policy shifts following President Donald Trump's tariff adjustments, which he believes will drive future liquidity and support Bitcoin's price.



In his <a href="https://cryptohayes.substack.com/p/ski-cut">essay</a> published on Wednesday, Hayes analyzes the impact of Trump's tariff policies on global financial markets, describing the initial tariff announcement on April 2 as a "ski cut" that triggered significant market volatility.



The MOVE Index, a measure of U.S. bond market volatility, spiked to 172, prompting a swift policy pivot. 



Within a week, Trump paused tariff implementation for most nations except China for 90 days, while Treasury Secretary Scott Bessent outlined plans for treasury debt buybacks to stabilize markets. 



Hayes argues this response marks a turning point for Bitcoin, which dipped to $74,500 during the turmoil.



Hayes predicts that future tariff escalations will lead to increased monetary interventions, such as expanded buybacks, to manage bond market volatility. 



He expects these actions to inject dollar liquidity, benefiting Bitcoin as an anti-establishment asset. 



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44946215/bitcoin-taps-94000-is-99000-next">Bitcoin Taps $94,000: Is $99,000 Next?</a>



Why It Matters: At Maelstrom, Hayes has maximized crypto exposure, heavily accumulating Bitcoin during its recent dip from $110,000 to $74,500.



The blog also draws parallels to Q3 2022, when treasury bill issuance under Janet Yellen added $2.5 trillion in liquidity, fueling a Bitcoin rally.



Hayes anticipates a similar outcome now, with Bessent's buyback strategy supporting government funding needs amid a rising FY25 deficit, which is 22% higher than FY24 through March. 



He also foresees Bitcoin surpassing its previous high of $110,000, potentially nearing $200,000, followed by an altcoin rally.



Hayes expects the Federal Reserve to introduce liquidity-boosting measures at its May 6-7 meeting, such as exempting treasury bonds from banks' supplemental leverage ratio or redirecting funds from maturing mortgage-backed securities into new treasury bonds. 



These steps, he argues, will further support Bitcoin's upward trajectory by ensuring market stability.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44926052/bitcoin-reclaims-90000-is-digital-gold-heading-to-100000-next">Bitcoin Reclaims $90,000: Is &#8216;Digital Gold&#8217; Heading To $100,000 Next?</a></li>
</ul>



Image: Shutterstock

Bitcoin Has Likely Bottomed At $74,500, $200,000 Is On The Table, Says Arthur Hayes

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is stealing gold's thunder this week. 



After soaring more than 6% in 24 hours, Bitcoin reclaimed the $94,000 level. The lift was driven by a renewed <a href="https://www.benzinga.com/crypto">"digital gold" narrative</a>, courtesy of what Unity Wallet's James Toledano calls "renewed institutional enthusiasm."



Another catalyst was a monster $912 million inflow into U.S. spot Bitcoin ETFs on Tuesday — the biggest in three months.



While some chalk the rally up to macro calm — including a weaker dollar and tariff de-escalation from President Donald Trump — Toledano flags that Bitcoin is also riding a "surge in safe-haven investing in both gold and bitcoin concurrently." Yet, he adds a warning label: "We shouldn't get too excited… the surge is short-lived" if ETF activity isn't backed by broader demand. Investors might want to stay "cautiously optimistic."



Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44951210/xrp-skyrockets-8-how-high-can-it-go">XRP Skyrockets 8%: How High Can It Go?</a>



<h1 class="wp-block-heading">Bitcoin = Store Of Value + Inflation Hedge</h1>



According to Toledano, institutions increasingly treat Bitcoin as a store of value and an inflation hedge. That sentiment is being reinforced by capital outflows from traditional markets. "We're currently seeing a flight of capital from U.S. markets… Bitcoin represents an attractive alternative."



But let's not crown Bitcoin just yet, as Toledano reminds investors that volatility hasn't vanished. "Short-term corrections are likely… pullbacks could be healthy to avoid a bubble like Dec. 2024/Jan. 2025."



As long as ETF flows and macro support hold, the six-figure dream is still alive, but expect bumps along the way.



<h1 class="wp-block-heading">Meanwhile, Gold's Glory Fades, For Now</h1>



Gold, on the other hand, just pulled back 2% after briefly touching a record $3,500 an ounce. Risk-on sentiment surged after Trump signaled progress with China tariffs and reaffirmed support for Fed Chair Jerome Powell. As Blue Line Futures' Phillip Streible <a href="https://www.reuters.com/markets/commodities/gold-falls-trump-backs-down-threat-fire-fed-chief-2025-04-23/">puts it</a>: "You&#8217;re going to see a broad rotation out of some of the safe haven assets back chasing some of the specific names like Apple, Tesla."



Yet gold bulls shouldn't panic. Saxo Bank's Ole Hansen points out that despite the "blowout top around $3,500 and sharp reversal," the yellow metal "has so far managed to find support at $3,292," suggesting a mere pause within a broader uptrend.



Bitcoin may be having its moment, but gold's story isn't over. This safe haven standoff is far from settled.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44929939/gold-up-30-year-to-date-but-could-be-ripe-correction-analyst">Gold Is Up 30% Year To Date But &#8216;Could Be Ripe For A Correction&#8217;: Analyst</a></li>
</ul>



Photo: Shutterstock

Bitcoin Reclaims Spotlight While Gold Loses Luster: The Safe Haven Standoff Continues

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) spot ETFs saw combined net inflows of $974.7 million on Tuesday, reflecting sustained investor interest <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">in cryptocurrency funds</a>.



What Happened: Bitcoin spot ETFs recorded $936 million in net inflows, marking three consecutive days of positive flows, while Ethereum spot ETFs added $38.7 million, with all nine funds showing gains.



<a href="https://sosovalue.com/assets/etf/us-btc-spot">Data</a> from SoSoValue reveals that Bitcoin spot ETFs have been a major driver of recent market activity.



BlackRock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) led with a daily net inflow of $194.3 million, bringing its cumulative net inflow to $39.9 billion and net assets to $57.20 billion. 



Fidelity's (CBOE: FBTC) followed with $25.8 million in daily inflows, while Grayscale's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) saw outflows of $22.6 million, reducing its net assets to $17.5 billion. 



Other funds, including Ark Invest's (CBOE: ARKB) and Bitwise's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>), recorded inflows of $26.7 million and $22.1 million, respectively. 



The total value traded across Bitcoin spot ETFs reached $496.3 million, with net assets amounting to $56.6 billion, equivalent to 2.77% of Ethereum's market cap.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44948500/brandon-lutnick-tether-softbank-back-3-billion-bitcoin-venture">Brandon Lutnick, Tether, SoftBank Back $3 Billion Bitcoin Venture</a>



Why It Matters: Ethereum spot ETFs also showed steady demand, with no outflows recorded across the nine funds tracked.



BlackRock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>) posted zero daily net inflow but holds $4.05 billion in cumulative inflows and $2 billion in net assets. 



Grayscale's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#NYSE">ETHE</a>) saw outflows of $42.4 million, yet its net assets remain at $1.9 billion. 



Fidelity's (CBOE: FETH) led Ethereum ETFs with a daily net inflow of $31.6 million, boosting its cumulative inflows to $649.70 million. 



The total net assets for Ethereum spot ETFs stand at $5.6 billion, reflecting growing institutional exposure to the second-largest cryptocurrency.



The consistent inflows into Bitcoin spot ETFs over three days signal robust investor confidence, despite a 4.29% rise in the broader crypto market cap to $3.04 trillion. 



Ethereum spot ETFs, while smaller in scale, demonstrate steady interest, with funds like VanEck's (CBOE: ETHV) and Franklin Templeton's (CBOE: EZET) adding $31 million and $36.5 million in cumulative inflows, respectively. 



The absence of outflows in Ethereum ETFs displays a positive market sentiment as of Apr. 22.



Read Next: 



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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44946725/xrp-ethereum-solana-dogecoin-surge-10-on-bitcoins-94000-push-how-high-can-they-go">XRP, Ethereum, Solana, Dogecoin Surge 10% On Bitcoin&#8217;s $94,000 Push: How High Can They Go?</a></li>
</ul>



Image: Shutterstock

Bitcoin Spot ETFs Record $936 Million Net Inflow, Ethereum ETFs Add $38.74 Million

Looking at the past decade and a half, two assets have emerged prominently as bastions against the erosion of fiat currency value: gold and Bitcoin. Both assets share fundamental characteristics that define sound money—scarcity, decentralization, and resistance to manipulation. Investors seeking refuge from inflationary pressures and economic instability have increasingly turned to these two distinct yet philosophically aligned assets. Despite their shared appeal, gold and Bitcoin have recently diverged significantly in their short-term performance, prompting investors and analysts alike to question the underlying reasons behind this unexpected split.



Since January 2025, Bitcoin has experienced a notable decline of roughly 12%, while gold has surged impressively by approximately 20%. This divergence is particularly intriguing given Bitcoin&#8217;s historical tendency to outperform gold during periods of economic uncertainty. If both assets theoretically benefit from similar macroeconomic conditions—such as inflation, currency debasement, and geopolitical instability—why have their paths diverged so sharply in recent months?



To unravel this puzzle, we must examine the unique market dynamics, institutional behaviors, and macroeconomic factors influencing each asset.



Gold&#8217;s Resurgence: Institutional Confidence and Central Bank Accumulation



Gold&#8217;s recent rally can largely be attributed to heightened demand from central banks and institutional investors. According to the <a href="https://privatebank.jpmorgan.com/apac/en/insights/markets-and-investing/is-it-a-golden-era-for-gold#:~:text=According%20to%20statistics%20compiled%20by,breakneck%20pace%20of%201%2C037%20tonnes.">an article by JP Morgan</a>, central banks globally have significantly increased their gold reserves, purchasing record amounts in recent years. Especially the People&#8217;s Bank of China (PBOC) has aggressively expanded its gold holdings, signaling a strategic shift away from reliance on the US dollar amid escalating geopolitical tensions and economic uncertainties.



Gold&#8217;s enduring appeal lies in its historical role as a universally recognized store of value. Its tangible nature provides a sense of security and stability that digital assets cannot yet fully replicate. Institutional investors, particularly those managing large portfolios, find comfort in gold&#8217;s established regulatory framework and widespread acceptance. Unlike Bitcoin, gold faces minimal regulatory ambiguity, making it a straightforward choice for conservative investors seeking stability.



Recently, <a href="https://www.reuters.com/markets/commodities/goldman-sachs-raises-end-2025-gold-price-forecast-3700oz-2025-04-14/#:~:text=April%2014%20(Reuters)%20%2D%20Goldman,inflows%20due%20to%20recession%20risks.">Goldman Sachs revised its gold price forecast upward</a>, projecting prices to reach $3,700 per ounce by year-end. This bullish outlook underscores the growing institutional confidence in gold&#8217;s ability to serve as a reliable hedge against inflation and economic volatility.



Bitcoin&#8217;s Temporary Setback: Growing Pains and Market Volatility



In contrast, Bitcoin has encountered several headwinds in 2025. Despite its impressive long-term trajectory, Bitcoin remains a relatively young and volatile asset class. Regulatory uncertainty continues to pose significant challenges, deterring many institutional investors from fully embracing cryptocurrency. Additionally, Bitcoin&#8217;s price movements are heavily influenced by retail investor sentiment, which can fluctuate dramatically based on short-term market psychology.



The recent decline in Bitcoin&#8217;s price can also be attributed to profit-taking following its substantial gains in previous years. After the explosive growth witnessed in 2021 and 2022, a period of consolidation and correction was inevitable. Such volatility is characteristic of emerging asset classes, particularly those undergoing rapid adoption and market maturation.



Nevertheless, Bitcoin&#8217;s fundamental attributes remain robust. Its capped supply of 21 million coins ensures scarcity, while its decentralized blockchain structure provides resistance to censorship and manipulation. Historically, Bitcoin has demonstrated resilience, often rebounding strongly after periods of correction and consolidation.



Historical Correlation and Divergence: A Temporary Phenomenon?



Historically, gold and Bitcoin have exhibited a fascinating relationship. Analysts such as David Foley and Lawrence Lepard have observed that gold often initiates rallies, with Bitcoin subsequently following and amplifying these movements. This historical pattern suggests that Bitcoin, as a smaller and more volatile asset, typically lags behind gold initially but eventually surpasses it in magnitude during bullish cycles.



Given this historical context, the current divergence between gold and Bitcoin may be temporary. If past patterns hold true, Bitcoin could soon experience a significant rally, potentially surpassing previous highs. This could mean that Bitcoin reaching upwards of $108,000 within months, aligning with its historical behavior during periods of economic uncertainty and rising gold prices.



The Macro Environment: A Tailwind for Sound Money



The broader macroeconomic landscape remains highly favorable for both gold and Bitcoin. Central banks worldwide continue expansive monetary policies, fueling inflationary pressures and eroding fiat currency purchasing power. The US Federal Reserve, in particular, faces challenges balancing inflation control with economic growth, leading to diminished confidence in the dollar&#8217;s long-term stability.



In such an environment, assets embodying sound money principles become increasingly attractive. Both gold and Bitcoin offer investors protection against systemic risks associated with excessive debt, currency debasement, and geopolitical instability. As global financial fragility intensifies, diversification into assets outside traditional financial systems becomes not just prudent but essential.



Bitcoin: Digital Gold for a Digital Era



While gold boasts historical credibility and institutional acceptance, Bitcoin represents the evolution of sound money in a digital age. Its digital nature provides unique advantages: borderless transactions, ease of transfer, and immunity from physical confiscation. These attributes resonate strongly with younger generations and populations in countries experiencing currency instability or authoritarian governance.



Bitcoin adoption continues to accelerate globally. Prominent corporations such as Tesla and MicroStrategy have integrated Bitcoin into their balance sheets, while nations like El Salvador have officially recognized it as legal tender. These developments underscore Bitcoin&#8217;s growing legitimacy as a global reserve asset.



Moreover, technological advancements within the Bitcoin ecosystem, such as the Lightning Network, enhance its practicality for everyday transactions. The rise of decentralized finance (DeFi) and non-fungible tokens (NFTs) further expands Bitcoin&#8217;s utility, solidifying its role within the broader financial landscape.



Gold: Timeless Stability Amidst Uncertainty



Despite Bitcoin&#8217;s compelling narrative, gold remains an indispensable cornerstone of global finance. Its physical presence and millennia-long history as a store of value provide unmatched trust and stability. Gold&#8217;s lower volatility compared to Bitcoin makes it particularly appealing to risk-averse investors and institutions seeking predictable returns.



Historically, gold has consistently outperformed other asset classes during periods of economic turmoil, reinforcing its reputation as a reliable safe haven. This proven track record explains why central banks and institutional investors continue to prioritize gold holdings, especially during uncertain economic climates.



Complementary Roles: Diversification in Sound Money



The divergence between gold and Bitcoin in 2025 highlights their distinct yet complementary roles within a diversified investment portfolio. Rather than viewing these assets as competitors, investors should recognize their unique strengths and limitations. Gold offers stability, institutional acceptance, and historical reliability, while Bitcoin provides growth potential, technological innovation, and adaptability to a digital economy.



In an increasingly uncertain global financial environment, the importance of sound money assets cannot be overstated. Both gold and Bitcoin serve as critical hedges against inflation, currency debasement, and systemic financial risks. Investors seeking comprehensive protection and growth potential would be wise to allocate resources to both assets, leveraging their complementary characteristics.



Conclusion: A Unified Vision for Sound Money



Ultimately, the debate between gold and Bitcoin transcends mere competition. Both assets embody the principles of sound money, offering investors refuge from the vulnerabilities inherent in fiat currency systems. Their recent divergence in performance reflects temporary market dynamics rather than fundamental weaknesses.



As the global financial landscape continues to evolve, the combined strengths of gold and Bitcoin will become increasingly apparent. Together, they represent a powerful dual strategy for navigating economic uncertainty, inflationary pressures, and geopolitical instability. Investors who embrace both assets position themselves advantageously for the challenges and opportunities of the 21st century.



In the end, the choice between gold and Bitcoin is not binary but complementary. Each asset offers unique advantages, and together they form a robust foundation for preserving and growing wealth in uncertain times. Whether through the timeless reliability of gold or the transformative potential of Bitcoin, sound money remains an undefeated strategy in an era defined by financial volatility and uncertainty.

Is Bitcoin Setting Up For A Rally Given Its Historical Correlation With Gold?

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) is up 7% on the day as a wave of whale activity and institutional interest boosts optimism for <a href="https://www.benzinga.com/money/dogecoin-doge-price-prediction">a major breakout</a>.



What Happened: Trader Tardigrade highlighted that DOGE/BTC has broken out of a descending trendline, suggesting DOGE may be preparing for a strong leg higher. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> is ready for a new surge &#x1f525;<a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a>/$BTC has just broken out of a descending trendline <a href="https://t.co/JymAFt8LD6">pic.twitter.com/JymAFt8LD6</a>&mdash; Trader Tardigrade (@TATrader_Alan) <a href="https://twitter.com/TATrader_Alan/status/1915002611255882026?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Trader &#8216;Investments_CEO&#8217; <a href="https://x.com/Investments_CEO/status/1914833791123689663">predicted</a> Dogecoin is "very close" to setting a new all-time high, citing rapidly rising smart money activity.



Nology <a href="https://x.com/nology3000/status/1914854408497848523">remains</a> bullish, though he admits he may have underestimated DOGE's full potential in a max bull scenario. 



He's watching closely as price approaches a key resistance zone, what he calls the "big red bar", which may either confirm a breakout or reject the move.



Crypto chart analyst Ali Martinez observed DOGE breaking out of an ascending triangle pattern, with an upside target around $0.195.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> appears to be breaking out of an ascending triangle, with a potential upside target of $0.195! <a href="https://t.co/P7dkmIiQ9B">pic.twitter.com/P7dkmIiQ9B</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1914742749892399213?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44870833/a-93-day-dogecoin-bull-spring-may-be-about-to-begin">A 93-Day Dogecoin Bull Spring May Be About To Begin</a>



Why It Matters: 21Shares officially <a href="https://x.com/21Shares/status/1914979220767576113">launched</a> its Dogecoin exchange-traded product today, which has backing from the Dogecoin Foundation. 



This marks a major milestone, providing regulated access to DOGE for traditional investors. 



Whale activity has soared 900%, as large holders <a href="https://x.com/Investments_CEO/status/1914871612068741151">appear</a> to be accumulating and holding DOGE aggressively. 



Coinglass data shows DOGE derivatives trading volume having expanded by 65.8% in single day, while open interest spiked 11.3% implying rising interest of traders. 



Liquidations totaled $11.8 million, with shorts accounting for $8.8 million, indicating bearish traders were forced to exit as prices spiked.



Read Next:



<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44846673/meme-coin-market-is-very-much-alive-can-dogecoin-shiba-inu-fartcoin-bounce-back">Meme Coin Market Is &#8216;Very Much Alive&#8217;: Can Dogecoin, Shiba Inu, Fartcoin Bounce Back?</a></li>
</ul>



Image: Shutterstock

Dogecoin Jumps 7%, Whale Activity Surges 900%: What's Fueling The Rally?

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is up 6%, with its soaring burn rate fueling speculation of <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">a bullish trend ahead</a>. 



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00001371&nbsp;</td><td>$8.08 billion</td><td>+6.4%&nbsp;</td><td>+17.8%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>&nbsp;$0.1844</td><td>$27.5 billion</td><td>+11.5%&nbsp;</td><td>+20.9%&nbsp;</td></tr><tr><td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>&nbsp;$0.059231&nbsp;</td><td>$3.88 billion</td><td>+11.8%&nbsp;</td><td>+29.7%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto trader AllInCrypto identified a falling wedge pattern on SHIB's chart, a formation often signalling an upcoming reversal. He believes the recent dip may soon flip bullish.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Shiba Inu <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> Upside expected, falling wedge likely resulting in the pullback being reversed &#x23f0; <a href="https://t.co/4iT6Kpvq9V">pic.twitter.com/4iT6Kpvq9V</a>&mdash; ALLINCRYPTO (@RealAllinCrypto) <a href="https://twitter.com/RealAllinCrypto/status/1915012796175290613?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Trader HexaTrades <a href="https://x.com/HexaTrades/status/1914670294666535166">pointed</a> to a bullish RSI divergence, indicating growing upside momentum. 



Meanwhile, Rodney remains <a href="https://x.com/cryptojourneyrs/status/1914749423256789063">confident</a> in SHIB's resilience, noting that it has maintained its second position among meme coins despite newer competitors like Pepe. 



He expects SHIB to rally alongside broader crypto market gains.



Statistics: According to Shibburn, SHIB's burn rate surged 731.8% in the past 24 hours, with 15.8 million tokens destroyed, including a single 15.7 million SHIB burn transaction.



IntoTheBlock data shows a 17% jump in large transaction volume and a 16.3% increase in daily active addresses. 



The number of $100,000+ transactions rose from 84 to 112 within a day. 



Shibariumscan data also shows a climb in network usage, with daily transactions rising to 4.4 million, up from 4.05 million on April 1.



Read Next:&nbsp;



<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44899693/shiba-inu-spikes-3-burn-rate-soars-828-what-is-going-on">Shiba Inu Spikes 3%, Burn Rate Soars 828%: What Is Going On?</a></li>
</ul>

Shiba Inu Surges 6%, Burn Rate Explodes 731%: What's Going On?

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) has surged 8% in a single day, sparking renewed optimism among traders who now eye a breakout <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">toward the $2.70 level</a>.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>&nbsp;$2.25</td><td>$131.7 billion</td><td>+7.4%&nbsp;</td><td>+8%&nbsp;</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>&nbsp;$93,429.59</td><td>$1.85 trillion</td><td>+5.4%&nbsp;</td><td>+11.2%&nbsp;</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>&nbsp;$1,796.33</td><td>$217 billion</td><td>+10.2%&nbsp;</td><td>+13.5%</td></tr></tbody></table></figure>



Trader Notes: Crypto chart analyst Ali Martinez pointed to an inverse head-and-shoulders pattern forming on XRP's chart, a classic setup that often signals a bullish breakout. 



According to Martinez, this could push XRP toward $2.70 in the near term.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> appears to be forming an inverse head and shoulders pattern, potentially setting the stage for a bullish breakout toward $2.70. <a href="https://t.co/LnhRA0zUqV">pic.twitter.com/LnhRA0zUqV</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1914890724480573684?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto trader Dark Defender <a href="https://x.com/DefendDark/status/1914753319966560723">observed</a> that XRP may be completing its Wave 4 correction, with recent price action aligning almost perfectly with his Elliott Wave projections. 



The reversal at $2.1937 is exactly at the top of a smaller wave structure which adds confidence to his bullish thesis.



He notes that XRP could be ending a prolonged six-year consolidation range between $0.30 and $0.50, setting the stage for steeper upside. 



On shorter timeframes, he expects three more waves to unfold and identifies $1.8815 as a crucial support to hold. 



The key resistance levels to break are $2.222 and $2.40. The setup suggests XRP is closer to &#8220;an extreme bull run&#8221;, he added.



Statistics: Coinglass data shows XRP derivatives trading volume and open interest spiked 115.3% and 23.2%, respectively, in a single day. 



Liquidations totaled $13.01 million, with $9.96 million in shorts closed as prices climbed, pointing to a potential short squeeze and improving market sentiment.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44894713/xrp-jumps-4-what-is-going-on">XRP Jumps 4%: What Is Going On?</a></li>
</ul>



Image: Shutterstock

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