Strike CEO Jack Mallers said his new role as CEO of Bitcoin treasury firm Twenty One Capital won’t distract him from heading Strike, revealing the platform processed over $6 billion in volume in 2024.

“This is not a shift in my commitment; it’s an extension of it,” Mallers said in an April 25 letter to Strike investors.

Every decision based on if it is “good for Bitcoin”

“If Bitcoin wins, humanity wins. Every business decision I make starts with one question: Is this good for Bitcoin? Twenty One exists because I believe it is good for Bitcoin and, therefore, good for the world,” Mallers said.

Mallers explained that Strike, a Bitcoin payments platform, and Twenty One Capital have different goals. He said Strike focuses on making “Bitcoin accessible globally,” while Twenty One aims to increase “Bitcoin ownership per share (BPS) and pioneer Bitcoin-native financial tools.”

“These are separate companies, but they share the same ethos: Bitcoin wins, we win,” he said.

It comes after Twenty One Capital announced its launch on April 23, with the backing of Tether, SoftBank and Cantor Fitzgerald.

The firm is looking to challenge Michael Saylor’s Strategy to become the “superior vehicle for investors seeking capital-efficient Bitcoin exposure.” It revealed its plans to launch with 42,000 Bitcoin (BTC).

Mallers shared key metrics for Strike publicly for the first time, revealing that in 2024, the firm posted over $6 billion in volume, recorded 600% year-on-year growth, maintained an 85% gross profit margin, and reported zero customer acquisition costs.

Mallers said that despite maintaining a team of 75 employees, the company expects to “generate 8-9 figures in net profit in 2025.”

Several crypto enthusiasts had taken to social media to ask how the logistics would work for Mallers, being the CEO of Strike and Twenty One Capital.

Related: 5 Bitcoin charts predicting BTC price rally toward $100K by May

Crypto commentator “Alex” asked in an April 25 X post, “What will be the fate of Strike? New incoming CEO? Or will he pull an Elon Musk?” Similarly, Domingo Guerra asked, “Who will be running Strike!?”

Meanwhile, several crypto industry participants have publicly speculated that Twenty One Capital may acquire Strike in the future. Swan Bitcoin CEO Cory Klippsten said it is “probably safe to assume that this company will acquire strike.” 

Daniel Sempere Pico said, “How long before Twenty One acquires Strike?” However, neither Mallers or Strike has indicated any intention of doing so.

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Learn MoreBitcoiner Jack Mallers vows not to let Twenty One distract from Strike

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Learn MoreWhat’s a CME gap and why does it get filled?

Five US states continue to pursue lawsuits against Coinbase’s staking program, and the firm’s executives argue that this is creating barriers for users who seek to earn rewards through the platform, amounting to over $90 million since 2023.  According to Coinbase’s chief legal officer Paul Grewal, California, New Jersey, Maryland, Washington, and Wisconsin are maintaining […]

The post Coinbase contends state lawsuits impede access to $90M in staking rewards for users appeared first on CryptoSlate.

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Learn MoreCoinbase contends state lawsuits impede access to $90M in staking rewards for users

Key points:

• Bitcoin price pushed above $95,000, increasing the chance of a rally to $100,000.

• Institutional investor demand is back, suggesting that the bearish trend could be over.

• Select altcoins could break above their respective overhead resistance levels if Bitcoin remains strong

Bitcoin (BTC) bulls are trying to sustain the price above $95,000, but they are likely to face significant resistance from the bears. Will buyers succeed in pushing the price toward the psychologically important level of $100,000, or is a pullback around the corner? That is the big question on the traders’ minds.

A positive sign is that inflows for US spot Bitcoin exchange-traded funds have increased since April 21, per Farside Investors data. Coinbase Institutional head of strategy John D’Agostino said in a recent interview with CNBC that several institutions purchased Bitcoin in April to hedge against currency inflation and macro uncertainty as Bitcoin mirrors “the characteristics of gold.

However, some analysts doubt the sustainability of the current Bitcoin rally. One of the red flags is that the sentiment, as measured by the Crypto Fear & Greed Index, slipped from a score of 72 out of 100 on April 23 to 60 on April 25, though Bitcoin is trading close to $95,000. Select analysts expect Bitcoin to pullback toward $87,000. 

Could Bitcoin sustain above $95,000, triggering buying in altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

Bitcoin has been trading near the $95,000 level, suggesting that the bulls are holding on to their positions as they anticipate a move higher.

The 20-day exponential moving average ($87,437) is sloping up, and the relative strength index (RSI) is near the overbought zone, signaling that the bulls are in command. A close above $95,000 could drive the BTC/USDT pair to $100,000. 

Sellers will try to halt the up move at $100,000, but if the bulls do not allow the price to dip below $95,000, the prospects of a break above the overhead resistance increase. The pair may then climb to $107,000. The bears will have to yank the price below the moving averages to regain control.

Ether price prediction

Ether’s (ETH) relief rally is facing resistance at the 50-day SMA ($1,812), but a positive sign is that the bulls have not allowed the price to dip below the 20-day EMA ($1,696).

The 20-day EMA is flattish, but the RSI has jumped into the positive zone, signaling a slight advantage to the bulls. If the 50-day SMA is scaled, the ETH/USDT pair could reach the breakdown level of $2,111. The bears may pose a strong challenge at $2,111, but if the bulls overcome it, the pair could skyrocket to $2,550.

Sellers are likely to have other plans. They will try to pull the price below the 20-day EMA. If they can pull it off, the pair could tumble toward $1,537.

XRP price prediction

XRP (XRP) has been trading near the 50-day SMA ($2.18) for the past two days, indicating that the bears are fiercely defending the level.

A minor positive for the bulls is that they have not allowed the price to skid below the 20-day EMA ($2.13). The bulls will again try to propel the XRP/USDT pair to the resistance line, which is a critical level to watch out for. The pair could rally to $3 if buyers pierce the resistance line.

On the downside, a break and close below the 20-day EMA suggests that the bears remain in charge. The downside momentum could pick up on a break below $2. The pair may then plummet to $1.60.

BNB price prediction

BNB (BNB) turned down from $620 but is taking support at the moving averages. This suggests a change in sentiment from selling on rallies to buying on dips.

Buyers will try to push the price above $620. If they manage to do that, the BNB/USDT pair may rally to $644. Sellers will try to stall the up move at the $644 level, but if the bulls prevail, the pair could soar to $680.

This bullish view will be invalidated in the near term if the price turns down and breaks below the moving averages. That could sink the pair to $566, indicating that the markets have rejected the breakout above the downtrend line.

Solana price prediction

Solana (SOL) is struggling to stay above the $153 level, indicating that the bears are active at higher levels.

The upsloping 20-day EMA ($136) and the RSI in the positive zone indicate that the bulls are in control. If buyers push and maintain the price above $153, the SOL/USDT pair could jump to $180.

The moving averages are the crucial support on the downside. A break and close below the 50-day SMA ($129) suggests that the pair could consolidate between $153 and $110 for a few days.

Dogecoin price prediction

Dogecoin (DOGE) bounced off the 20-day EMA ($0.16) on April 24, indicating that the bulls are buying on dips.

The DOGE/USDT pair could reach $0.21, which is a crucial resistance to watch out for. If buyers pierce the $0.21 level, the pair will complete a double-bottom pattern. This bullish setup has a target objective of $0.28.

Contrarily, if the price turns down and breaks below the moving averages, the pair may remain range-bound between $0.21 and $0.14 for a while. The advantage will tilt in favor of the bears on a break below the $0.14 support.

Cardano price prediction

Cardano (ADA) closed above the 50-day SMA ($0.68) on April 23, signaling that the bears are losing their grip.

The 20-day EMA ($0.65) has started to turn up, and the RSI is in the positive zone, suggesting that the path of least resistance is to the upside. The ADA/USDT pair could rally to $0.83, where the bears may step in.

Any pullback is expected to find support at the 20-day EMA. If the price rebounds off the 20-day EMA, it signals a bullish sentiment. Sellers will have to drag the price below the 20-day EMA to sink the pair to $0.58.

Related: SUI’s 73% weekly price gains top crypto market — New price record in reach?

Sui price prediction

Sui (SUI) picked up momentum after buyers pushed the price above the moving averages on April 22.

The rally of the past few days has pushed the RSI into the overbought territory, suggesting a minor consolidation or correction in the next few days. Any pullback is expected to find support in the zone between the 38.2% Fibonacci retracement level of $3.14 and the 50% retracement of $2.94.

A shallow pullback increases the possibility of a rally to $4.25 and then to $5. Sellers will be back in the driver’s seat if they pull the SUI/USDT pair below $2.86.

Chainlink price prediction

Chainlink (LINK) has started a recovery, which is expected to face strong selling at the overhead resistance of $16.

If the price turns down from $16, it is expected to find support at the 20-day EMA ($13.53). A solid bounce off the 20-day EMA increases the likelihood of a break above $16. The LINK/USDT pair may then climb to the resistance line of the descending channel pattern. A break above the channel signals a potential trend change.

Sellers will have to tug the price below the moving averages to regain control. The pair may then drop to $11.89 and eventually to the support line.

Avalanche price prediction

Avalanche (AVAX) is facing resistance at the overhead resistance of $23.50, but a positive sign is that the bulls have not ceded much ground to the bears.

The 20-day EMA ($20.22) has started to turn up, and the RSI is in the positive territory, indicating that buyers have the edge. If the price breaks and closes above $23.50, the AVAX/USDT pair will complete a double-bottom pattern. That could open the doors for a rally to the pattern target of $31.73.

Alternatively, if the price turns down and breaks below the moving averages, the pair could remain stuck inside the $23.50 to $15.27 range for a few days.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Learn MorePrice predictions 4/25: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

The average cost to mine one Bitcoin (BTC) increased sharply in the fourth quarter of 2024, reaching $82,162 among publicly listed miners, representing a 47% quarterly increase, according to a recent  CoinShares industry report.  The report pointed out that accelerated hardware deployment, tax expenses, and growing non-cash charges related to depreciation and stock-based compensation are […]

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Learn MoreBitcoin mining costs soar 47% to $137K in Q4 amid rising input costs, tax liabilities

SUI, BCH and Hedera’s HBAR led Friday gains in the CoinDesk 20 Index, with one analyst saying this week’s crypto rally is likely the beginning of BTC’s climb to fresh record prices. …

Learn MoreBitcoin Poised for Strongest Weekly Gain Since Trump Win as ETFs Gobble $2.7B Inflows

Newly sworn-in SEC Chairman Paul Atkins called for a comprehensive overhaul of the agency’s regulatory framework for crypto, warning that outdated rules and enforcement-heavy policies have stifled innovation for years. Speaking at the SEC’s third crypto task force roundtable in Washington, D.C., Atkins said the current regulatory environment “badly needs attention,” pointing to the urgent […]

The post Paul Atkins calls for fresh SEC crypto rules to end years of innovation stifling appeared first on CryptoSlate.

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Learn MorePaul Atkins calls for fresh SEC crypto rules to end years of innovation stifling

Banks no longer need Fed approval for stablecoin operations as regulators shift to standard supervision, marking a win for crypto innovation. …

Learn MoreFed Lifts Crypto Restrictions for Banks in Landmark Shift

Though the identities of many of the top holders of US President Donald Trump’s memecoin were still unknown, blockchain data showed significant outflows over the past seven days — during which time he announced a dinner and White House tour for certain tokenholders. 

According to data from blockchain analytics firm Nansen as of April 25, the TRUMP memecoin had seen more than $869 million in outflows in the last seven days compared to roughly $96 million in inflows among the top 500 changes. Some of the changes followed Trump announcing that the top 220 TRUMP holders could apply to meet him at a golf club dinner in Washington, DC, with fewer opportunities for a White House tour.

“It’s clear that more people took the opportunity to offload their Trump tokens than new buyers came in,” said Nansen. “There still appears to be some interest — either A) to secure the dinner ticket, or B) to capitalize on price volatility. As a result, a few new wallets have entered the top 250 holders, while some previous holders seem to have taken the opportunity to exit their positions.”

Launched in January before Trump took office, his memecoin, and that of his wife, Melania, have seen criticism from US lawmakers and leaders in the crypto industry for potential conflicts of interest. At the time of publication, the identity of many of the top tokenholders and those who might apply to attend the dinner were unknown.

Who is investing in Trump’s memecoin?

As of April 25, the top tokenholder had 1,176,803 TRUMP memecoins worth roughly $16 million at the time of publication. The wallet holder, under the username “Sun,” had led to speculation that Tron founder Justin Sun — a Trump supporter and investor in the Trump family-backed crypto firm World Liberty Financial — could be among the dinner attendees. Cointelegraph reached out to Sun’s team for comment but had not received a response at the time of publication.

Related: Trump memecoin team denies $300K dinner requirement rumors

Other tokenholders included usernames like “elon” and “doge,” though it was unclear if Tesla CEO Elon Musk, also a Dogecoin (DOGE) advocate, was involved in the project. The team behind the TRUMP token controls 80% of the total supply, resulting in many critics suggesting the Trump or someone in his family could still rug-pull investors.

Before the 2024 election, Trump arranged a similar dinner at his Mar-a-Lago property in Florida with supporters who purchased non-fungible tokens depicting his mugshot during his arrest for allegedly attempting to subvert the results of the 2020 election. It’s unclear whether any of the same people who attended the May 2024 event are among the top TRUMP memecoin holders.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

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Learn MoreTraders still offloading TRUMP holdings after dinner announcement — Nansen

In comments Friday, SNB President Martin Schlegel said holding bitcoin raises liquidity and volatility risks for Switzerland. …

Learn MoreSwiss National Bank Rejects Calls to Add Bitcoin Reserves