Finally, the US’s leading stock indices, the S&P 500 and Nasdaq, headed towards Death Cross, a bearish technical pattern that included a simple 50-day moving average (SMA) movement, appearing to have been exhausted according to the 14-day relative strength index. Both observations required caution with risk assets.
Last week’s key events and data are Wednesday’s US retail sales on Wall Street on Friday and the Fed’s Jerome Powell and revenue report, and Monday’s stock market response to US retail sales and Fed’s stock sales on Wednesday. Keep alerts!
Cryptography:
April 14, 2025: Filecoin (FIL) NV25 “Teep” MainNet upgrade means FEVM will work with Ethereum’s EIP-1153 to support temporary storage.
April 15: Half of the first Smardex (SDEX) means that from this date the distribution of SDEX tokens will “half for the next 12 months, reducing sales pressure in half for next year.”
April 16: Hashkey Chain (HSK) MainNet upgrades increase network stability and fee control capabilities.
April 17: Eigenlayer (Eigen) activates Ethereum Mainnet thrashing and enforces penalties for operator misconduct.
April 18: Pepecoin (PEP), a Layer 1 Work Proof Blockchain, is now halfway through the second time, reducing block rewards to 15,625 PEP per block, reducing new coins issuance, and could affect market dynamics.
April 21: Coinbase Derivatives lists XRP futures that are pending approval by the US Commodity Futures Trading Commission (CFTC).
Macros
April 14: Salvador President Naive Buquel joins White House President Donald Trump for an official visit.
April 14th: 1pm: Governor Christopher J. Waller gives a “Economic Outlook” speech. Live stream link.
April 15th at 8:30am: Statistics Canada releases consumer price inflation data for March.
Core inflation rate before mom. 0.7%
Around the core inflation rate. 2.7%
Around the inflation rate. 2.6%
April 16th at 8:30am: The US Census Bureau releases retail sales data for March.
Retail sales Mom Est. 1.3% vs. 0.2%
Retail sales compared to the previous year. 3.1%
April 16th at 9:45am: Bank of Canada releases its latest interest rate decision. This will be followed by a press conference in 45 minutes.
Policy interest rate EST. 2.75% vs. 2.75%
April 16th at 1:30pm: Federal Reserve Chairman Jerome H. Powell gives a “Economic Outlook” speech. Live stream link.
Revenue (estimation based on fact set data)
April 22nd: Tesla (TSLA), Post Market
April 30: Robin Hood Market (Food), Post Market
Governance votes and phone calls
Venus Dao is discussing the forced liquidation of remaining debts paid by the BNB Bridge Exploiter account.
Aave Dao is discussing taking further steps to condemn Synthetix’s SUSD on Aave V3’s optimism for technology development “compromising its ability to maintain PEG consistently.”
GMX DAO is discussing the establishment of a GMX reserve in Solana. This includes bridging $500,000 with GMX to the Solana network and transferring funds to the GMX-Solana Treasury.
April 14th: 10am: Stack hosts livestreams with a recent announcement from the project.
April 14th, 12pm: Mil.K will host an Ask Me Anything Anything (AMA) session with Arbitrum.
April 15th, 10am: Ignored to hold an X-space session with the Guardian.
Unlock
April 15: StarkNet (STRK) unlocks 4.37% of its distribution supply worth $1,593 million.
April 16: Arbitrum (ARB) unlocks 2.01% of its distribution supply worth $2,782 million.
April 18: Official Trump (Trump) to unlock 20.25% of distribution supply worth $337.71 million.
April 18: FastToken (FTN) unlocks 4.65% of its $81 million worth of distribution supplies.
April 18: Uxlink (UXLink) unlocks 11.09% of its distribution supply worth $18.33 million.
April 18: Unchanging (IMX) to unlock 1.37% of distribution supplies worth $10.23 million.
Token launch
April 14: Kerneldao (Kernel) is listed in Binance, gate.io, lbank, kucoin, mexc, and more.
April 16: Delisted by Badger (Badger), Barackner (BAL), Beta Finance (Beta), Cortex (CTXC), Cream Finance (Cream), Philo (Philo), Kavalend (Philo), Nars (NULS), Pros (Pros), Status (SNT), Troy (Troy), UNILEND FINANCE (UFT), VIDT (VIDT) Binance.
April 22nd: Airdrop Hyper Tokens from Hyper Lane.
The Coindesk consensus will take place in Toronto from May 14th to 16th. Save 15% on your pass with Code Day Book.
April 14th: ETH SEOUL 2025 Conference
April 14th: FinTech and Insurtech Digital Congress 2025 (Warsaw)
Day 3: Morocco Web3Fest Gitex Edition (Marrakech)
April 15: Strategic Bitcoin Reserve Summit (Online)
April 15th-16: Buidl Asia 2025 (Seoul)
April 15th-16: World Financial Innovation Series 2025 (Hanoi, Vietnam)
April 15th-17th: Next week Tokyo
April 22nd-24: Money20/20 Asia (Bangkok)
April 23rd: Crypto Horizons 2025 (Dubai)
April 23rd – 24th: Blockchain Forum 2025 (Moscow)
By Shaurya Malwa
Mantra’s OM tokens plummeted 90% an hour before Monday, falling by more than 6-37 cents, eliminating their market capitalization of $5.4 billion.
Since April 7, 2025, two wallets linked to Laser Digital (Mantra Investor) deposited 43.6m $om $om tokens ($227 million, 4.5% of circular supply) in exchanges such as OKX and Binance, just before a massive price crash.
The mantra team refused to be involved and attributed the crash to a “reckless liquidation” with exchanges during low fuel hours, claiming that their tokens remain locked and confirmed on-chain.
Investors have expressed devastation in X, claiming that users such as @jeetburner have lost more than $3.5 million. Critics threatened legal action by accusing mantras and “exits of liquidity,” but the mantra telegram group was shut down to new users.
The incident could affect the reliability of the RWA sector as real-world tycoons such as UAE real estate giant Damac are wary of unstable token-price projects in the case of mantras.
The persistent funding rate for more major tokens, except for XRP, remains a bit positive at less than 10% per year, reflecting a moderately bullish position.
BTC’s rally has stagnated at nearly $85,000 in the last 24 hours. Open interest on futures fell from $16.4 billion to $15 billion. This is an indication that the trader is taking some risk from the table.
The XRP recovery since April 7th is not supported by an increase in open profits, poses markets questioning the sustainability of profits.
At Deribit, skew for short-term BTC and ETH options remains negative, but the so-called PUT bias has weakened significantly since last Monday. Medium and long-term skews have been turned over in favor of Cole.
BTC rose 0.66% from 4pm on Friday, $84,404.14 (24 hours: -0.61%)
ETH increased 4.5% to $1,642.47 (24 hours: +0.94%)
Coindesk 20 is up 3.1% at 2,489.90 (24 hours: -1.03%)
Ether CESR Composite staking rate is down 8 bps at 3.01%
BTC’s funding rate is 0.0177% (annual rate of 6.4725%) in terms of vinanence.
DXY is down 0.67% at 99.44
Gold is up 2.19% at $3,243.50/ounce
Silver is up 1.54% to $32.31/ounce
Nikkei 225 closed 1.18% at 33,982.36
Hang Seng closed +2.4% at 21,417.40
FTSE is up 2.11% at 8,132.15
The Euro Stoxx 50 is up 2.32% at 4,898.29
DJIA closed 1.56% on Friday at 40,212.71
S&P 500 closed +1.81% at 5,363.36
NASDAQ closed +2.06% at 16,724.46
S&P/TSX Composite Index closes 2.49% at 23,587.80
S&P 40 Latin America closed +1.91% at 2,298.75
The 10-year financial ratio in the US is down 5 bps at 4.44%
E-Mini S&P 500 futures fell 1.37% to 5,465.00
E-Mini Nasdaq-100 futures are up 1.57% at 19,102.75
E-Mini Dow Jones Industrial Average Index Futures is up 0.99% at 40,800.00
BTC dominance: 63.47 (-0.12%)
Ethereum to Bitcoin ratio: 0.01944 (1.94%)
Hash rate (7-day moving average): 893 EH/s
Hashpris (spot): $44.0
Total fee: 4.24 BTC/$358,663
CME Futures Open Interest: 133,945
Gold price BTC: 26.0/oz
BTC vs. Gold Market Cap: 7.37%
BTC broke through the bare market trend line on Saturday, but has since struggled to gain momentum in the breakout.
The weekend high was $86,000, with resistance exceeding the April 2nd high of $88,600.
Strategy (MSTR): Closed on Friday at $299.98 (+10.15%), up 1.96% to $305.85 in front of the market
Coinbase Global (Coin): Closed at $175.5 (+3.47%), up 1.83% at $178.51
Galaxy Digital Holdings (GLXY): C$15.28 (+6.48%) closed
Mara Holdings (Mara): Closed at $12.51 (+6.56%), up 1.12% at $12.65
Riot Platforms (Riot): Closed at $7.06 (+3.98%), increasing 1.98% to $7.20
Core Scientific (CORZ): Closed at $7.07 (+3.67%), increasing 0.71% to $7.12
CleanSpark (CLSK): Closed at $7.50 (+5.19%), 2.27% increase $7.67
Coinshares Valkyrie Bitcoin Miners ETF (WGMI): Closed at $12.91 (+3.12%)
Semler Scientific (SMLR): Closed at $33.76 (+3.46%), falling 2.22% to $33.01
Exodus Movement (Exod): Closed at $44.08 (+7.33%) and has not changed before the market
Spot BTCETFS:
Daily Net Flow: -$1 million
Cumulative net flow: $3.546 billion
Total BTC holdings: 1 million
Spot ETH ETF
Daily Net Flow: -$29.2 million
Cumulative net flow: $22.9 billion
Total ETH holdings: 3.38 million
Source: Farside Investors
Ethereum Layer 2 A total locked value with Ostium Protocol, an open source decentralized exchange in Arbitrum.
It is a sign of growing demand for Defi as the subsectors are stable and have been pushing against the market crash of the past week.
Bitcoin Option Play shows a $100,000 target back to Bulls Crosshair (Coindsk). Traders chase call options to recover the price of BTC, with a $100,000 call option becoming the most favorable bet, with conceptual open profits coming in nearly $1.2 billion.
Mantra’s OM crashes 90% on a strange sale as the team insists on “forced liquidation” (Coindesk). The Mantra team has led to a price drop that led to reckless liquidation by centralized exchanges and more than $50 million on OM-tracked futures.
White House pushes mixed messages about technology tariffs (Coindesk) Bitcoin Flat: Bitcoin is held above $84,000 when East Asian trades are opened, and the market is bounced back against Chinese electronics tariff relief, but BTSE’s Jeff Mei warned that the rally might not last.
Goldman places $4,000 in gold on the agenda as Havens for Havens Grows (Bloomberg) (Bloomberg): Goldman sees a 45% chance of a US recession.
China’s XI begins outreaching Southeast Asia amid tariff concerns (CNBC), says “protectionism will not lead anywhere”: XI, visiting Vietnam today and tomorrow, warning in a party’s paper, “Nhan Dan,” that the trade war has hurt everyone and urged China-Vietnam’s ties in the supply of technology and supply.
Boji might slurp down a stop rate hike if Yen approaches 130, says Goldman (Bloomberg).