Latest Crypto News & Market Updates

Bitmine amasses $13.3B Ethereum treasury, aims for 5% supply control

Ethereum　　Bitmine amasses $13.3B Ethereum treasury, aims for 5% supply control　　Bitmine Immersion Technologies has amassed a $13.3 billion Ethereum treasury, aiming to control 5% of the total ETH supply. The Polymarket contract for Ethereum above $1,800 on April 28 sits at 100% YES.　　Bitmine‘s accumulation strategy is a bullish signal for Ethereum as a reserve asset. The market for Ethereum above $1,800 on April 28 holds at 100% YES, with no remaining doubt among traders. Bitmine’s influence over Ethereums proof-of-stake network through its MAVAN infrastructure makes the $1,800 price point a foregone conclusion in market pricing.　　Trading volume at $8,140 in actual USDC traded out of a $10,388 face value. The largest movement was a 50-point drop that quickly recovered, showing the market absorbs minor shocks without repricing. The term structure is consistent across all sub-markets for April 28, with no divergence in confidence levels.　　Bitmine is now the largest corporate ETH holder, surpassing even the Ethereum Foundation. Its position could directly affect Ethereum‘s consensus mechanics and market dynamics. At 100% YES, the market treats Bitmine’s treasury as a stabilizing force that reduces short-term volatility risk.　　Traders should watch for further announcements from Bitmine and any shifts in its staking operations. Changes in their strategy

04-29Ethereum

Pump.fun burns $370M in PUMP and commits half of next year’s revenue to buybacks

Tech　　Pump.fun burns $370M in PUMP and commits half of next years revenue to buybacks　　Pump.fun burned about $370 million worth of PUMP tokens and launched a one-year programmatic buyback and burn plan that will use 50% of platform revenue to purchase and destroy its native token.　　The future of $PUMP　　We have burned ALL bought back $PUMP tokens, around $370M worth of purchases (~36% of circulating supply), to gain trust with our community.　　On top of that, we have initiated a programmatic buyback *and burn* scheme at 50% of revenue for the next year to…　　— Pump.fun (@Pumpfun) April 28, 2026　　The move marks a shift in how Pump.fun is trying to defend the tokens value after months of community concerns over whether buybacks would continue and what the team would do with tokens it had already repurchased.　　PUMP initially surged more than 10% on the news before retracing most of the gains. At press time, the token was up about 3% and trading near $0.00184.　　The burn removed roughly 36% of PUMPs circulating supply, according to Pump.fun. The platform said all previously bought back PUMP tokens were destroyed across two transactions, turning months of revenue funded purchases into a permanent supply reduction.　　The new structure reduces the buyback

04-29Industry

Ostium Backend Transformation: Institutional Hedging Revolution

Tech　　Ostium Backend Transformation: Institutional Hedging Revolution　　Ostium, the onchain perpetual futures exchange, announced a fundamental transformation in the backend of its infrastructure. The team announced that they have activated the real-time decentralized execution layer. This innovation offers a hybrid model that combines onchain liquidity pools with offchain hedging strategies, minimizing slippage and providing scalability. The platform is pioneering in leveraged trading of traditional instruments such as stocks, indices, commodities, ETFs, and forex. Users gain full control by trading directly with their non-custodial crypto wallets. This upgrade transforms Ostium into the ideal decentralized execution layer for global markets.　　Ostiums Real-Time Execution Layer Technical Details　　The new layer integrates offchain oracles with atomic transactions on the blockchain. Previously, the liquidity pool carried both pricing and directional risks; this led to execution delays and liquidity bottlenecks in large positions. In the updated system, the onchain pool functions as an intraday lending buffer: providing short-term liquidity while long-term risks are transferred offchain. This reduces gas costs by up to 40% and scales TVL exponentially.　　Institutional Hedging for Directional Risk Reduction　　Prime brokers like Jump Crypto and large institutions are coming on board as hedging partners. Directional exposure is instantly transferred to offchain futures markets (CME, Deribit). This model increases

04-29Industry

DOT Price Prediction: Relief Rally to $1.35 Before $0.95 Breakdown

Technical Breakdown Shows Distribution Pattern　　DOT trades at $1.22 with RSI positioned at 42.82, creating a neutral zone that masks underlying weakness. The MACD histogram sits at zero, indicating market indecision, but price action within the Bollinger Bands reveals the true story. DOT occupies the lower third of the bands at 0.29 position, suggesting sustained selling pressure despite what appears to be oversold conditions.　　The 20-day simple moving average at $1.26 has transformed into immediate resistance. With all major moving averages trending downward and volume remaining subdued at $5.1M, any upward movement faces significant headwinds. This configuration typically precedes either sideways consolidation or further downside acceleration.　　Derivatives Market Signals Institutional Exit　　Open interest declined 3.65% over 24 hours while the taker buy/sell ratio dropped to 0.78, meaning aggressive sellers outnumber buyers by approximately 25%. This imbalance suggests institutional distribution rather than retail panic selling. The funding rate at -0.0024% appears neutral on surface examination, but combined with positioning data, it reveals coordinated selling pressure from sophisticated market participants.　　Retail sentiment data shows 62.9% long positions while top traders maintain 67.7% long exposure. However, the aggressive selling activity indicates smart money may be quietly reducing exposure while maintaining reported positioning, a common institutional strategy during distribution

04-29Industry

Three XRP Scenarios Mapped From $2 to $100 as Real World Adoption Hits Three Continents

The post Three XRP Scenarios Mapped From $2 to $100 as Real World Adoption Hits Three Continents appeared first on Coinpedia Fintech News　　Global adoption of Ripple‘s infrastructure is accelerating across three continents simultaneously. Within weeks, South Korea’s KBank launched a cross-border payment pilot, France deployed a regulated euro stablecoin on the XRP Ledger, and Japan integrated XRP into payments for tens of millions of consumers. In a separate development, South Korean insurer Kyobo Life settled tokenised government bonds using Ripple Custody.　　From Price Talk to Real Utility　　Commentator Rob Cunningham says that XRP isn‘t meant to be judged like a typical crypto asset. It’s a liquidity bridge, and its value depends on how much money flows through it, how fast it moves, and how much supply is actually available. In other words, price becomes a byproduct of usage, not the main story.　　That change is already visible. XRP is now being used in live financial corridors, not just pilots. Institutions are getting more comfortable holding it, and with regulatory clarity like the Clarity Act approaching, the door for large-scale capital is slowly opening.　　Tests to Real Money Movement　　The bigger picture is massive. Over $100 trillion in value moves globally every year, while trillions more

04-29Industry

Australian Dollar dips after CPI; focus shifts to Fed decision

Finance　　Australian Dollar dips after CPI; focus shifts to Fed decision　　The AUD/USD pair continues with its struggle to conquer the 0.7200 mark and drifts lower following the release of Australian consumer inflation figures during the Asian session on Wednesday. Spot prices slide to the 0.7170 area in the last hour, though the downside potential seems limited ahead of the crucial FOMC policy decision later today.　　The Australian Bureau of Statistics (ABS) reported that the headline Consumer Price Index (CPI) rose by 1.4% in Q1, lifting the annual rate to 4.1%. Additional details revealed that the Trimmed Mean CPI rose climbed 0.3% during the January-March period and 3.5% over the year. In the absence of a major surprise from the inflation data, the Australian Dollar (AUD) attracts some sellers amid the cautious market mood due to persistent geopolitical uncertainties.　　Meanwhile, the latest data does little to dampen hawkish Reserve Bank of Australia (RBA) expectations. In fact, traders are pricing in a greater chance of a 25-basis-point (bps) rate hike at the upcoming RBA meeting in May. This, along with subdued US Dollar (USD) price action, offers some support to the AUD/USD pair and helps limit the downside. Traders also seem reluctant and opt to

04-29Industry

Ostium Backend Transformation: Institutional Hedging Revolution

Tech　　Ostium Backend Transformation: Institutional Hedging Revolution　　Ostium, the onchain perpetual futures exchange, announced a fundamental transformation in the backend of its infrastructure. The team announced that they have activated the real-time decentralized execution layer. This innovation offers a hybrid model that combines onchain liquidity pools with offchain hedging strategies, minimizing slippage and providing scalability. The platform is pioneering in leveraged trading of traditional instruments such as stocks, indices, commodities, ETFs, and forex. Users gain full control by trading directly with their non-custodial crypto wallets. This upgrade transforms Ostium into the ideal decentralized execution layer for global markets.　　Ostiums Real-Time Execution Layer Technical Details　　The new layer integrates offchain oracles with atomic transactions on the blockchain. Previously, the liquidity pool carried both pricing and directional risks; this led to execution delays and liquidity bottlenecks in large positions. In the updated system, the onchain pool functions as an intraday lending buffer: providing short-term liquidity while long-term risks are transferred offchain. This reduces gas costs by up to 40% and scales TVL exponentially.　　Institutional Hedging for Directional Risk Reduction　　Prime brokers like Jump Crypto and large institutions are coming on board as hedging partners. Directional exposure is instantly transferred to offchain futures markets (CME, Deribit). This model increases

04-29Industry

AUD/JPY holds losses near 114.50 after Australian CPI inflation data

Finance　　AUD/JPY holds losses near 114.50 after Australian CPI inflation data　　The AUD/JPY cross declines to around 114.50 during the early Asian trading hours on Wednesday. The Australian Dollar (AUD) softens against the Japanese Yen (JPY) following the release of the Australian inflation report. Traders brace for Japans Tokyo Consumer Price Index (CPI) data, which is due later on Friday.　　Data released by the Australian Bureau of Statistics (ABS) on Wednesday showed that the countrys CPI inflation climbed to 4.6% YoY in March from 3.7% in February, driven largely by a fuel shock from the Middle East conflict. This figure came in softer than the expectations of 4.7%. Meanwhile, the monthly CPI rose 1.1% in March, compared to the previous reading of 0%.　　The Aussie attracts some sellers in an immediate reaction to the softer-than-expected inflation data. However, a tight labor market and stronger-than-expected growth in late 2025 have supported expectations for another interest rate hike by the Reserve Bank of Australia (RBA) in May. This, in turn, could help limit the AUDs losses.　　On Japans front, the Bank of Japan (BoJ) decided to hold the short-term interest rate steady at 0.75% after concluding its two-day monetary policy review meeting on Tuesday, as widely expected.　　According

04-29Industry

DOT Price Prediction: Relief Rally to $1.35 Before $0.95 Breakdown

Technical Breakdown Shows Distribution Pattern　　DOT trades at $1.22 with RSI positioned at 42.82, creating a neutral zone that masks underlying weakness. The MACD histogram sits at zero, indicating market indecision, but price action within the Bollinger Bands reveals the true story. DOT occupies the lower third of the bands at 0.29 position, suggesting sustained selling pressure despite what appears to be oversold conditions.　　The 20-day simple moving average at $1.26 has transformed into immediate resistance. With all major moving averages trending downward and volume remaining subdued at $5.1M, any upward movement faces significant headwinds. This configuration typically precedes either sideways consolidation or further downside acceleration.　　Derivatives Market Signals Institutional Exit　　Open interest declined 3.65% over 24 hours while the taker buy/sell ratio dropped to 0.78, meaning aggressive sellers outnumber buyers by approximately 25%. This imbalance suggests institutional distribution rather than retail panic selling. The funding rate at -0.0024% appears neutral on surface examination, but combined with positioning data, it reveals coordinated selling pressure from sophisticated market participants.　　Retail sentiment data shows 62.9% long positions while top traders maintain 67.7% long exposure. However, the aggressive selling activity indicates smart money may be quietly reducing exposure while maintaining reported positioning, a common institutional strategy during distribution

04-29Industry

Bitmine amasses $13.3B Ethereum treasury, aims for 5% supply control

Ethereum　　Bitmine amasses $13.3B Ethereum treasury, aims for 5% supply control　　Bitmine Immersion Technologies has amassed a $13.3 billion Ethereum treasury, aiming to control 5% of the total ETH supply. The Polymarket contract for Ethereum above $1,800 on April 28 sits at 100% YES.　　Bitmine‘s accumulation strategy is a bullish signal for Ethereum as a reserve asset. The market for Ethereum above $1,800 on April 28 holds at 100% YES, with no remaining doubt among traders. Bitmine’s influence over Ethereums proof-of-stake network through its MAVAN infrastructure makes the $1,800 price point a foregone conclusion in market pricing.　　Trading volume at $8,140 in actual USDC traded out of a $10,388 face value. The largest movement was a 50-point drop that quickly recovered, showing the market absorbs minor shocks without repricing. The term structure is consistent across all sub-markets for April 28, with no divergence in confidence levels.　　Bitmine is now the largest corporate ETH holder, surpassing even the Ethereum Foundation. Its position could directly affect Ethereum‘s consensus mechanics and market dynamics. At 100% YES, the market treats Bitmine’s treasury as a stabilizing force that reduces short-term volatility risk.　　Traders should watch for further announcements from Bitmine and any shifts in its staking operations. Changes in their strategy

04-29Industry