ASTER is holding a closely watched support range between $0.50 and $0.70, with traders focusing on whether price can reclaim and break through the $0.70-$0.71 resistance area.
Wintermute launches an institutional OTC desk for tokenized gold, supporting PAXG and XAUT with on-chain settlement. The RWA market now exceeds $20B, with tokenized gold at $5.98B and $178B annual volume, closing in on traditional gold ETFs.
Bitcoin fell 17% and Ether dropped 22% this week, marking the biggest weekly loss since the FTX crash in November 2022. The crypto market lost about $400 billion in total value, settling at around $2 trillion. Four factors triggered the sell-off: Strategy's first Bitcoin sale, ETF outflows pivoting to AI, Zcash's AI-driven vulnerability crash, and strong U.S. jobs data reviving rate hike fears.
The US 30-year Treasury yield climbed to 5.16%, its highest level since October 2023, while Japan's 30-year government bond yield surged to 4.2%, the highest since issuance in 1999. Rising oil prices and hotter inflation data fueled the sell-off in long-dated bonds.
Ethereum saw massive inflows to Binance in early May, led by a single 216,152 ETH ($511M) transfer on May 6. Analyst Darkfost says the moves occurred during price corrections, driven by emotional selling. Binance now holds 3.62M ETH (24.6% of exchange reserves), adding to consolidation pressure. ETH trades in $2,250-$2,450 range, testing key moving averages.
Hyperliquid has extended HIP-4 outcome contracts from crypto price targets to offchain macro events such as U.S. inflation releases and Fed decisions, using validators for in-house resolution and settlement.
Ripple teams up with Kyobo Life Insurance to launch tokenized government bond settlement using Ripple Custody, slashing T+2 to near-real-time and reducing counterparty risk.
The Senate Banking Committee is planning a hearing on Kevin Warsh’s nomination for Fed chair as early as the week of April 13, though paperwork delays and bipartisan opposition still cloud the timeline.
