Prix de Space TokenSPACE

After hovering below $80,000 last week, Bitcoin (BTC) has rebounded and is now trading at $82,000, reflecting a 1.2% increase in the last 24 hours. On April 2, Donald Trump announced reciprocal tariffs on multiple nations, including Madagascar, Vietnam, and China, which caused a drop in the market. He did, however, recently halt tariffs for ninety days, which eased tensions and contributed to the stabilization of the cryptocurrency market. In a recent interview with CNBC, Charles Hoskinson projected that Bitcoin might hit $250,000 “by the end of this year or next year,” which would be a 314% increase over current values. He explained his reasoning by stating: “The tariff stuff will be a dud; people will realize that the world is willing to negotiate, and it’s really just U.S. versus China. A lot of people will side with the U.S., while some will side with China. The markets will stabilize and get used to the new normal. The Federal Reserve will lower interest rates, leading to a flood of cheap money that will pour into crypto.” Hoskinson’s projection hinges on two main factors: Increased Cryptocurrency Adoption and Geopolitical Shifts & Regulatory Clarity. The growing number of users entering the crypto space, along with the adoption of stablecoins by tech giants like Apple, Google, and Microsoft, is further legitimizing the industry. Due to economic uncertainty, the geopolitical environment is also shifting from an international system based on rules to a conflict between great powers, which may encourage more investment in digital assets. Forthcoming legislative bills like the STABLE Act and the Digital Asset Market Structure Act should provide some much-needed regulatory clarity in the interim, making the cryptocurrency market more appealing to institutional investors. Hoskinson’s optimistic attitude towards Bitcoin can also translate to ADA and other leading cryptos like Ripple (XRP) and Ethereum (ETH). Currently, ADA is the tenth-largest cryptocurrency in terms of market capitalization, valued at $22 billion, although it has declined 15% over the last 30 days and now has a price of $0.6243. Open interest on ADA has decreased moderately by 0.65% to $633.54 million, with the number of options decreasing by a whopping 92.94% to just $ 6.59 K. As a result, options open interest fell by a marginal 0.27% to $374.92 K. Although recent declines have been witnessed, Coincodex predicts that the price of Cardano can rise by 19.71% to $0.7487 by May 11, 2025. Apart from the influence of Bitcoin, ADA can continue to see gains from increasing institutional demand. Grayscale, a leading crypto investment firm, filed for an Exchange-Traded Fund (ETF) that is tied to the price of ADA on the New York Stock Exchange, which may increase confidence in the asset’s long-term development.

Mitsubishi UFJ Trust and Banking Corporation (MUFG) is preparing to make history in Japan’s digital finance world. The country’s largest trust bank has now entered the final phase before officially launching the first stablecoin that fully complies with local regulations. The stablecoin will be pegged to the Japanese yen (JPY) and built on the Progmat Coin platform, a digital infrastructure system specifically designed to allow licensed financial institutions to issue and manage stablecoins safely and legally. Since the Japanese government updated the Payment Services Act in mid-2023, the gap for traditional banks to enter the stablecoin market has been wide open. MUFG immediately stepped on the gas. They realized that a moment like this would not come twice. Through its trust license, MUFG has become a pioneer that is now paving the way for banks and other institutions to issue stablecoins that are not just digital tokens, but legal tender protected by law. On the other hand, CNF previously reported that the Japanese authorities, in this case the Japan Financial Services Agency (FSA), are currently working on a revision to the Financial Instruments and Exchange Act. The goal is clear: to give full legal recognition to crypto assets like Bitcoin. No longer seen as mere digital speculation instruments, but as legal financial products—like stocks or bonds. Just imagine if Bitcoin were in the same category as government bonds. Regulations would be tighter, yes, but public trust would also be boosted. Furthermore, the FSA has also just proposed that digital assets be divided into two categories. The first type is intended for tokens used in project fundraising, while the second type includes decentralized crypto assets like Bitcoin and Ethereum. This move is no small talk; Japan seems to want to ensure that its approach to the crypto world is more organized, transparent, and in line with global trends. Interestingly, MUFG is not alone. They have also partnered with a number of strategic partners, such as Bitbank, SBI Holdings, and GMO Aozora Net Bank. There are even plans for international collaboration, especially with developing countries, to use this stablecoin in cross-border trade settlements. The goal? Avoiding the high costs and slow processes of the traditional banking system. Have you ever waited three days for an international transfer? Well, MUFG wants to cut that down to seconds. Meanwhile, from the private industry side, there is also Remixpoint—an energy consulting firm that is currently being widely discussed. In February, this company increased its crypto holdings by more than 8,000% in nine months. The amount almost touched 10 billion yen. They use crypto as a hedge against yen depreciation. Not only that, Remixpoint has also started to be active in digital currency transactions. If in the past they only talked about electricity and energy, now they are talking about blockchain and volatility. Judging from all these steps, Japan is re-polishing its image in the global crypto space.

🚨 UPDATE: Mantra $OM Crash Deepens Over $5.2 billion in market value has been wiped out in just 24 hours. 🔻 Previous Market Cap: ~$6B 🔻 Current Market Cap: ~$0.7B 📉 Price drop: Over 90% OM, once ranked #22 by market cap, is now facing serious scrutiny. Conflicting reports are suggesting this may be an internal exploit or rug pull, potentially orchestrated by the team but no official confirmation has been issued yet. Many are now comparing this collapse to the famous LUNA/UST meltdown with shockwaves rippling across the altcoin space. 📌 If you’re holding $OM, stay alert. 📌 If you’re on the sidelines, wait for clarity. This story is still developing. Stay cautious and monitor on-chain data and official announcements closely. #OM #Mantra #RugPull #Altcoins

This space is savage holy shit

VanEck and Grayscale are racing to launch AVAX ETFs, signaling rising institutional interest and potential mainstream adoption of Avalanche. Despite a 56% price drop since January, ETF filings may help stabilize AVAX and attract new capital if regulatory approval is secured. Avalanche (AVAX) began gaining momentum in March, as CNF reported a strong bullish trend. Following that significant move in the cryptocurrency market, VanEck has filed an application with the U.S. Securities and Exchange Commission (SEC) to list a spot Avalanche (AVAX) Exchange-Traded Fund (ETF) on Nasdaq. This initiative aims to provide investors with indirect exposure to AVAX tokens without the need for direct ownership—potentially broadening the asset’s appeal to institutional investors. According to a tweet by Andres Meneses: VanEck has officially filed to list an $AVAX ETF on Nasdaq. Avalanche could soon join the growing list of crypto ETFs hitting traditional markets. Big step for mainstream adoption. VanEck’s application for the Avalanche ETF marks its fourth foray into cryptocurrency ETFs, following previous filings for Bitcoin, Ethereum, and Solana. By holding AVAX tokens in trust, the ETF would allow investors to track the price movements of Avalanche—offering a regulated investment vehicle in the burgeoning crypto space. As shared by Wu Blockchain in a tweet, the filing comes about a month after VanEck initially proposed the ETF. Nasdaq has submitted a rule change application to the U.S. SEC to list the VanEck Avalanche (AVAX) spot ETF. The filing comes about a month after VanEck initially proposed the ETF. According to Bloomberg analyst James Seyffart, the market widely expects both AVAX and DOGE spot… — Wu Blockchain (@WuBlockchain) April 10, 2025 This move underscores VanEck’s commitment to expanding its digital asset offerings amid growing demand for diversified crypto investment products. As previously noted in a CNF update , Grayscale has also submitted a filing to the SEC to launch a spot Avalanche ETF to be traded on the Nasdaq exchange. The race to launch AVAX-backed ETFs is intensifying, with Grayscale seeking to convert its existing AVAX fund into an ETF. If approved, these ETFs could enhance liquidity and provide more accessible investment avenues for both retail and institutional investors, potentially driving broader adoption of AVAX, according to Bitget. Despite these promising developments, AVAX has experienced notable price volatility. After peaking at $41.00 in January, the token’s value has declined by approximately 56%, trading around $18.50 as of April 11, 2025. This downturn reflects broader market trends affecting many cryptocurrencies . However, some analysts suggest that the recent ETF filings could act as catalysts for price stabilization and future growth—contingent on regulatory approvals and overall market sentiment. The performance of AVAX is closely tied to the overall health of the cryptocurrency market . At the time of writing, Avalanche (AVAX) is trading at $18.45, having increased by 1.19% in the past day and 0.76% in the past week. See AVAX price chart below.