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Twitter founder Jack Dorsey recently said that the Bitcoin community should focus on scaling payments in order to remain relevant. “I think it has to be payments for [Bitcoin] to be relevant on the everyday,” he told Haley Berkoe on the 21 in 21 podcast.

I disagree.

As someone in the trenches with Bitcoin builders, who also talks to market-makers and investors, I fundamentally disagree with the idea that payments are the path forward for actual Bitcoin adoption.

The only way to grow Bitcoin’s relevance is by creating more functionality for everyday users to do something with their bitcoin that doesn’t involve selling or sending it away (i.e. hodling). That’s especially true on the institutional side, where a good corporate strategy involves more than just holding BTC on a balance sheet.

Bitcoin is a generational asset. Understanding that most holders don’t plan to sell, you have to look at how you keep the chain healthy. As the rewards for miners shrink each halving cycle, finding sustainable ways to incentivize them will be a big part of the discussion around Bitcoin over the next decade. Scaling activity to Layer 2s, like Stacks, that can bring smart contract functionality to the ecosystem without compromising the base layer, creates far more opportunities than simply scaling payments alone.

Bitcoin has established itself as “digital gold” in 2025. Individuals, institutions and countries are holding it as a safe-haven reserve investment. This trend does not lend itself to a future as a payments vehicle; instead, it creates a ripe opportunity for Bitcoiners to participate in Bitcoin DeFi and make BTC a productive asset.

A recent Binance research report stated that only about 0.8% of bitcoin is currently being used in DeFi. That means there’s nearly $1 trillion in untapped potential value on-chain if we can create a clear case for building on Bitcoin.

Bitcoin’s core strength is its security, decentralization, and finite supply. Knowing that, why would someone look to use their BTC as a form of payment? Instead, through DeFi protocols, you are already able to bridge your bitcoin to an L2 and borrow stablecoins. Since BTC is now considered by most as generational wealth, it becomes your best collateral. DeFi allows you to use digital assets as payment, while keeping your BTC securely stored on the Bitcoin blockchain. Bitcoin DeFi unlocks BTC as the most pristine form of collateral.

I agree with Dorsey when he said that Bitcoin won’t succeed if “[Bitcoin] fails to be relevant to people on a daily basis.” But we can grow long-lasting relevancy by allowing people to do more on-chain through Bitcoin DeFi.

Any builders working on platforms that extend Bitcoin’s functionality, allowing for lending, borrowing, and other financial services without compromising its security, will come out as the new leaders in this space. If we leverage these L2s, we will see people create savings accounts filled with bitcoin, earn yield in bitcoin, take out loans against their bitcoin, and virtually all of those actions will be abstracted by the scalable L2s.

Bitcoin can continue to be this asset of generational wealth or store of value against inflation, while actually being an active asset across an evolving financial ecosystem.

Utility lies in creating opportunities to do more, not in making your morning coffee purchase in BTC.

Bitcoin miners are scrambling to adjust to Trump’s global tariffs, which are poised to increase prices on ASIC miners, electrical gear, network infrastructure and more.

“It’s a complete scramble,” Luxor COO Ethan Vera said on last week’s Mining Pod news roundup. “From the ASIC trading front and brokerage, miners have not been very proactive here. They have not necessarily frontrun orders and gotten them into the U.S…they’re operating in a less than a week period here to make sure all shipments that are coming out of SE Asia are picked up and getting delivered.”

This article first appeared on Blockspace Media, the leading Bitcoin industry publication dedicated to covering Bitcoin tech, markets, mining, and ordinals. Get Blockspace articles directly in your inbox by clicking here.

ASIC prices have trended slightly downward over the past year, according to data from Hashrate Index’s ASIC Price Index. A new-gen model, like the S21, currently runs miners roughly $3,400.

Working overtime to pull forward ASIC orders before these tariffs that were due to take effect on April 9, top firms chartered flights at 2-4x the usual rate, anywhere from $2-3.5 million per flight according to estimates provided to Blockspace from Synteq Digital CEO Taras Kulyk and Luxor’s Vera.

But the initial panic was in response to the now outdated tariff policy. Before Wednesday’s 90-day pause on all but Chinese tariffs, the Trump administration had proposed blanket tariffs on more than 180 countries, including 24% on Malaysia, 36% on Thailand, and 32% on Indonesia – three countries that predominantly manufacture the ASIC mining computers that are the beating heart of the mining business.

Following the 90-day grace period, The Trump Administration plans to lower the reciprocal tariffs to a flat rate of 10% for all affected countries. So the scrambling seems to have been somewhat in vain. Or perhaps not – the administration’s trade policies are so mercurial, so it’s anyone’s guess as to whether the 10% rate will stand.

Even at 10%, the tariffs are material enough that they will hamper efforts to deploy hashrate in the U.S., the dominant market currently with an estimated 35-40% share of Bitcoin’s hashrate. As it stands, it’s likely that the tariffs will noticeably slow bitcoin’s hashrate growth this year versus prior expectations.

Blockspace estimates that U.S. bitcoin miners imported over $2.3 billion worth of ASIC miners last year and over $860 million in Q1, starting with Malaysia, Thailand and Indonesia, the leading makers of such machines.

The originally proposed reciprocal tariffs

Bitmain and MicroBT, which collectively corner 90%-plus of the ASIC miner market, moved their ASIC manufacturing capacity outside of China to Malaysia, Thailand, and Indonesia in response to Trump’s China tariffs in his first term. MicroBT opened a U.S. assembly plant in 2023, and Kulyk said that Bitmain opened its first U.S. assembly line in January. Still, these plants represent a fraction of either manufacturer’s total production.

Kulyk said that “U.S. production will have a material discount” compared to imported hardware. But they will still suffer from tariffs on raw material like aluminum, electronic components for control boards and the like. So ASICs produced in America will still be more expensive than before the tariffs were introduced, especially if the proposed 125% tariff on Chinese goods holds.

Vera said Chinese electrical components are slated for a 50% or more tariff (and could even be subject to as much as 125% based on an updated rate from the Trump administration). This will affect everything from ASIC miner prices to electrical infrastructure at the mines themselves.

As the tariffs increase the cost of imported ASIC miners and other mining equipment, then all else being equal, any existing facilities in the U.S. should become more valuable. Even so, U.S. miners looking to expand might find acquisitions an easier route than importing equipment. Accordingly, Kulyk expects the tariffs will furnish merger and acquisition deals, explaining that “suddenly these miners that have older gear that seem like zombies actually look like interesting acquisition opportunities.”

“A big blow” for the American bitcoin mining sector

Kulyk said that currently “no one is buying” on the secondary market as they wait to see where the chips fall.

In the medium term, the tariffs are indisputably a “big blow” to the U.S. bitcoin mining sector, that is “certainly going to stagnate growth in the industry if these tariffs continue,” Vera said.

“If you’re paying more for a machine than your competitor in Canada or Russia, it’s going to be hard to compete with international miners.”

“Canada, from an economic perspective, will actually be a much more interesting place to do business. Corporate taxes are slated to be reduced. Capital gains taxes slated to be reduced. There’s a lot of wind in the sale of Canadian economic growth, especially on the data center side,” Kulyk said.

Mark Carney, the Liberal Party frontrunner in Canada’s election, supports bolstering Canada’s data center and energy industries. But Canadian provinces such as Ontario and Quebec have moratoriums on new power applications for bitcoin miners, so doubts remain about Canada’s attractiveness to miners as an alternative to the U.S.

Kulyk believes that Northern Europe could also be scouted for hashrate expansion, while Vera said that miners might find a few gigawatts of opportunity in South America and parts of Africa too.

But growth will be limited if miners can’t tap the U.S., which has led global hashrate growth since China’s 2021 bitcoin mining ban. Vera believes that the tariffs’ impact on bitcoin mining will be of a similar scale as the China mining ban, and that hashrate will shuffle away from the U.S. to other countries. The tariffs could also materially lower the cost of ASICs in other markets, since international miners won’t be competing with the biggest buyers, U.S. miners, for allocation.

“In terms of the scale of geopolitical impact, it’s probably relevant to think about this as being on par with the China ban,” Vera said. “The benefiters are going to be international miners, who are most likely going to be accessing machines at a much cheaper cost now because they are not competing with as much demand from the U.S.”

“You could make the case that network hashrate will continue its rise…but the U.S. has been a large part of its growth as an energy superpower…there’s not that much power to go around,” Vera concluded.

Meanwhile, a startup offering life insurance and annuities denominated in bitcoin (BTC), raised $40 million in series A funding round, CEO Zac Townsend said on Thursday in an X post.

The investment was led by venture capital firms Framework and Fulgur Ventures, with early Bitcoin-advocate Wences Casares also participating.

Traditional life insurance pays out in fiat currencies. Meanwhile flips this model, keeping premiums and benefits in bitcoin, aiming to help policyholders guard against inflation and currency devaluation. In countries where local currencies lose value, holding policies in BTC could help preserve purchasing power for future payouts. However, policyholders also take on bitcoin’s price volatility.

The firm plans to use the funds to accelerate its global rollout, targeting regions where inflation and currency instability are everyday concerns, Townsend said. Meanwhile did not disclose its current valuation or specific market entry plans in the announcement.

“This round gives us significant capital to power our journey of building the world’s largest long-term insurance and savings company,” Townsend said.

The investment follows on an earlier, $20 million round from a range of investors including Sam Altman, CEO of artificial intelligence firm OpenAI, alongside Google’s AI-focused fund Gradient Ventures. The company secured a digital life insurer license in Bermuda last year.

As risk assets including cryptocurrencies struggled on Thursday amid tariff uncertainties, tokenized gold once again emerged as an outperformer in the carnage.

The market capitalization of gold-backed tokens swelled to just under $2 billion on Wednesday, up 5.7% over the past 24 hours, according to CoinGecko data. The rise coincided with the yellow metal briefly touching a fresh all-time above $3,170/oz, TradingView shows.

Alongside the price rally, gold tokens experienced a frenzy of activity and demand over the past weeks, fueled by the broader market turmoil. Weekly tokenized gold trading volume surpassed $1 billion, the highest since the U.S. banking turmoil of March 2023, according to a report by digital asset platform CEX.IO.

The two largest tokens, Paxos Gold (PAXG), Tether Gold (XAUT), making up the bulk of the tokenized gold market, saw their weekly trading volumes surging over 900% and 300%, respectively, since January 20, according to the report citing CoinGecko data. PAXG also experienced continuous inflows totalling $63 million during this period, DefiLlama data shows.

The rally tracks the broader gains in physical gold, which posted double-digit increases in 2025 amid geopolitical uncertainty and inflation concerns. However, even gold wasn’t spared during the market-wide sell-off triggered by U.S. tariffs, with prices briefly dropping 6% before quickly recovering to record highs.

Since Trump’s inauguration, tokenized gold has been one of crypto’s top performing sectors, with its market cap up 21%, the report noted. By contrast, stablecoins gained a more modest 8% in market cap, while bitcoin declined 19% and the total crypto market lost 26%.

“Tokenized gold is emerging as one of the key diversification strategies among crypto-native users, alongside bitcoin,” wrote Alexandr Kerya, VP of product management at CEX.IO. “It provides a safer and more stable approach to portfolio management, enabling users to stay within the crypto ecosystem while benefiting from the value and stability of the underlying physical asset.”

“At the same time, the broader RWA narrative helps make gold exposure more accessible and intuitive for users who may not have considered it before,” Kerya added.

Disclaimer: This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

NEW YORK, NY — A recent U.S. Department of Justice staff memo dismantling the DOJ’s crypto unit and narrowing the scope of its crypto-related enforcement priorities will have no impact on the prosecution of Terraform Labs co-founder and former CEO Do Kwon, prosecutors said Thursday.

The memo, sent Monday evening by U.S. Deputy Attorney General Todd Blanche, informed staff that the DOJ would no longer be pursuing prosecution against crypto exchanges, mixing services, or offline wallets for the acts of their end users. Blanche told staff not to criminally charge any violations of federal securities or commodities laws, except under specific circumstances, in cases where the charges would “require the [DOJ] to litigate whether a digital asset is a ‘security’ or a ‘commodity’” and there is an adequate alternative criminal charge.

During a hearing on Thursday, U.S. District Court Judge Paul Engelmayer of the Southern District of New York (SDNY) asked prosecutors whether Blanche’s memo would have any impact on the charges against Kwon, which include two counts of commodities fraud and two counts of securities fraud, as well as five other charges including wire fraud and conspiracy to defraud.

The prosecution told Engelmayer that they have “no plans” to change their charges against Kwon at this time.

David Patton, Kwon’s lead attorney and a partner at Hecker Fink LLP, told Engelmayer that the contents of Blanche’s memo could — at least indirectly — lead to some pre-trial motions from the defense.

“I do think it could potentially be the subject of some pre-trial motions,” Patton said. “It may or may not be directly related to the memo.” Patton specified that the questions of whether the cryptocurrencies involved in the case were securities or not could be relevant.

In a separate civil case brought by the U.S. Securities and Exchange Commission (SEC) against Kwon and Terraform Labs last year, in which Kwon and his company were found to be liable for fraud, another SDNY judge found that the tokens involved in the case were, in fact, securities.

During Thursday’s hearing, Engelmayer told both the prosecution and the defense to inform him well in advance of the trial if they planned to request that he adhere to any of the rulings or findings made by the court in the SEC case.

The next batch of pre-trial motions are expected to hit the docket in July, and a third status conference has been scheduled for June 12 at 11 a.m. in New York.

Due to scheduling challenges, the start date for Kwon’s criminal trial has been pushed back three weeks from January 26, 2026 to February 17, 2026.

Read more: Do Kwon’s Criminal Trial Set for 2026 as Lawyers Deal With ‘Massive’ Trove of Evidence

Just two months ago, the total value of funds locked (TVL) on HyperLiquid, a decentralized derivatives exchange (DEX) that allows traders to generate returns by staking to a shared vault, sat at a record $540 million.

Now, users are fleeing, TVL has slumped to $150 million and the yield has dropped to a measly 1%, in many cases, less than they’d get if they stashed their cash in a bank account.

At issue is an exploit that saw one user manipulate the price of a token called JELLY and force the vault, known as Hyperliquidity Provider, into a loss. But the negative PNL wasn’t the reason for the exodus. Rather it was HyperLiquid’s response, which led to concerns about how decentralized the protocol actually was, and whether it was acting exactly like the centralized exchange model it tried to distance itself from.

For the manipulation, the user shorted JELLY on HyperLiquid, that is sold tokens they didn’t own. They also bought tokens on illiquid decentralized exchanges. The lack of liquidity tricked the pricing oracle to relay an inflated price to HyperLiquid, forcing HyperLiquid’s vault to inherit a toxic position via liquidation.

As the price of JELLY rose further because of the spot buying pressure, the PNL for HyperLiquid’s vault sank more heavily into the red. Eventually, the exchange force closed the JELLY market, settling it at $0.0095 as opposed to the $0.50 that was being fed to oracles via decentralized exchanges.

This meant that the negative PNL was wiped away and, on paper, the vault performed well throughout the saga. But the action raised concerns about the control of what’s meant to be a decentralized process. At the time, Newfound Research CEO Corey Hoffstein questioned the legality of HyperLiquid’s actions and social media descended into outrage.

Some believe that the exploit was a mistake on HyperLiquid’s part.

“The Jelly exploit on Hyperliquid wasn’t a fluke,” Jan Philipp Fritsche, managing director at Oak Security, told CoinDesk. “It was a textbook case of unpriced vega risk: when leveraged trading on volatile assets is allowed without properly accounting for how that volatility can drain the risk fund. The attacker opened massive opposing positions in JELLY, knowing that one side would collapse and the other would cash out.

“This isn’t theoretical. It happened. And it will happen again. We flagged this exact risk vector in audits before, but economic flaws often get ignored because they’re not technical. That’s a mistake,” Fritsche added.

In this case, the manipulator ended up with a small loss.

It’s worth pointing out that HyperLiquid attempted to remedy the centralization concerns, upgrading its system to a include an on-chain validator voting for asset delisting, which means that the exchange will not be able to remove like JELLY in future without validator consensus.

Volume remains steady as HYPE tumbles

While the vault suffered a major blow in terms of trust and branding, the exchange itself continues to tick along just fine in terms of trading volume. Over $70 billion worth of volume has been notched so far this month and it looks to be on track to break it’s January record of $197 billion.

Still, the exchange’s native token (HYPE), which was distributed to users in December, has failed to mimic the positive performance of the exchange, losing 60% of its value over the past four months with its market cap dwindling from $9.7 billion to $4.6 billion.

The chief financial officer of crypto marker maker Portofino Technologies, Mark Blackborough, has recently left the business.

“We can confirm that our CFO is transitioning out of the business. As we scale and adapt to new opportunities in the market, we’re continuously evolving our leadership team to align with our long-term strategic goals,” a company spokesperson said in emailed comments.

“Leadership transitions, especially in high-growth environments, are a natural part of building a resilient organization. Our focus remains on execution, delivery, and continued growth,” the spokesperson added.

Blackborough didn’t respond to a request for comment by publication time.

The Swiss company’s former CFO was based in London, and joined the crypto trading firm last September.

Before joining Portofino Technologies, Blackborough was employed as CFO of Enigma Securities, a digital asset liquidity provider. Prior to this he worked for crypto market maker GSR, according to his LinkedIn profile.

Portofino told CoinDesk last month that it was exploring opening new offices in both New York and Singapore.

The company raised $50 million in equity funding in late 2022, and was founded by two former Citadel Securities leaders Leonard Lancia and Alex Casimo in 2021.

The firm is regulated in the U.K., Switzerland and the British Virgin Islands.

Read more: Crypto Market Maker Portofino Technologies Has Big Plans For 2025

After U.S. markets enjoyed a brief gasp of relief on Wednesday, charts got ugly again on Thursday as focus shifted to a potential bigger conflict between the U.S. and China.

Bitcoin (BTC), which rose more than 8% the day prior, dipped about 4% below $80,000 again on Thursday. The decline in bitcoin came alongside a renewed plunge in the Nasdaq, which was lower by 5.5% following yesterday’s 12% rally as traders are assessing U.S. President Donald Trump’s next steps in his tariff policy.

Crypto stocks also took a hit. MicroStrategy (MSTR) was down 11.2%, and Coinbase (COIN) and Marathon Digital (MARA) fell 8.1% and 9.3%, respectively.

Already sharply lower on the session, the stock sell-off escalated after a tweet circulated saying that a White House official confirmed that the total tariff rate on China now stands at 145%, not 125% as President Trump stated yesterday.

The Executive Order details that the “reciprocal” tariff rate surged from 84% to 125% overnight. When combined with the existing 20% tariff on fentanyl-related goods, the total rate reaches 145%.

China, in a bid to strike at Trump’s initial tariffs, said it would reduce imports of American movies, intensifying the trade war between the two countries.

Meanwhile, gold is soaring up 3% and hitting a new all-time high of $3,168. The DXY index, which measures the U.S. dollar against a basket of foreign currencies, has dropped below 101, effectively reversing its entire November rally, and now down 9% from the January highs.

Politically charged environment

“The macro outlook is anything but secure,” said Kirill Kretov, senior expert at crypto trading automation platform CoinPanel. “This is a politically charged environment, where headlines have the power to reshape sentiment almost instantly.”

“A key swing factor now is trade policy,” Kretov added, with the Trump administration’s ever-changing tariff policies adding to concerns about inflation. “Any escalation on this front would complicate the Fed’s decision-making and potentially derail the current market narrative,” he said.

In the Ancient Greek tale of Oedipus, great rewards awaited travelers able to solve difficult riddles, but a powerful sphinx posed the riddles and devoured those who failed to solve them. Similarly, in ancient crypto times, circa 2017, blockchain technology stood to revolutionize finance and other fields. But two challenges stood in the way of this technology enjoying its full potential: (1) securities laws that don’t easily map onto decentralized systems, and (2) a securities regulator hostile to digital assets, which often posed grave risks to those who tried to solve the first challenge.

Today, the sphinx has resolved to be more helpful, but the riddles remain. The Securities and Exchange Commission’s (“SEC”) Crypto Task Force has stated that the agency’s previous regime created “an environment hostile to innovation” and has committed to working with industry participants to craft sensible regulations. While promising, significant challenges remain. U.S. securities laws are a mix of statutes passed by Congress and rules adopted by the SEC. The Task Force has signaled the SEC’s willingness to make the latter more workable through new rules and exemptions. Statutes, however, present most of the challenges and only Congress, not the SEC, can change them.

Below is a primer on the more common riddles currently facing developers of tokenized securities.

Regulatory Considerations

For tokenized securities, the developer creates on-chain tokens that each represent a share of equity in a company or other security, or another asset that offers the right to cashflows. This tokenization can open up possibilities—such as instantaneous settlement, share fractionalization, and daily dividend payments—that make the product more efficient or functionally diverse than its TradFi counterpart.

Even though the SEC may be more receptive to ideas for tokenized securities, it doesn’t have the authority to change statutes. Tokenized securities projects, therefore, will still need to solve or avoid the riddles these statutes present.

The Investment Company Act

If a token gives its holder economic exposure to assets that the developer has pooled, that token project could be an investment company covered by the Investment Company Act, which regulates companies, like mutual funds, that invest in securities and let investors get exposure to those investments through shares that they issue.

This riddle existed well before crypto, and most opted to navigate it by avoiding being classified as an investment company in the first place. That’s because the requirements imposed by the Investment Company Act don’t work well with business models that involve more than the buying and selling of securities. There are substantial restrictions on debt and equity raises, borrowing, and even business with affiliates. For those unable to avoid triggering these requirements, there are exemptions that may be available.

Broker-Dealers Under the Securities Exchange Act

Anyone who buys and sells securities for others or stands ready to buy and sell securities for their own account may be a broker or dealer. There is no bright line rule for qualifying as a broker-dealer, but the SEC and courts consider as indicia whether you provide liquidity, charge a fee related to the trade price, actively find investors, or play a role in holding customer funds or securities.

While there’s no practical way to trade digital assets as a broker-dealer currently, the SEC could use its existing authority to chart a realistic path for doing so. In the best case, that will take time and still come with some compliance obligations.

Exchanges Under the Securities Exchange Act

While it may not look like a traditional securities exchange, a platform using smart contracts to bring together orders for tokenized securities from multiple buyers and multiple sellers for matching and execution could qualify as one, depending on its structure.

Currently, only broker-dealers can trade on exchanges, and exchanges can’t hold customer accounts or custody customer securities. Even if the SEC is able to rework these rules, some requirements would no doubt persist.

Security-Based Swaps Under the Securities Exchange Act

If a tokenized security gives its holder exposure to the economic performance of one or more securities, it may have crossed over into the complicated world of security-based swaps. Generally, tokens that provide for the exchange of future payments based on the value of a security (or events relating to that security) without conveying ownership rights are likely to be swaps. Security-based swaps are under the joint jurisdiction of the SEC and the Commodity Futures Trading Commission. The requirements for them are many, with the most notable being rules prohibiting retail investors from purchasing swaps.

AML and KYC

Companies involved in trading or transferring tokenized securities also need to consider the applicability of anti-money laundering and know-your-customer laws. Compliance requirements depend on the role being played in the transactions but can include collecting and verifying the name, birthdate, and address of customers.

The Riddles Must Be Worked Through, Not Around

Solving these riddles is not an end in itself. When designing any tokenized securities project, developers make choices based on the economics, the technology, and the regulatory framework. These areas are intertwined, as the technology can make the economics possible and decide where a project falls within the regulatory framework. But because these considerations are so interrelated, developers should analyze them holistically from the beginning. Leaving regulatory considerations for the end can turn into a game of Jenga where problematic parts are removed only to topple the benefits of and objectives for the economics and technology. The riddles posed today aren’t merely obstacles to the many advantages of blockchain technology, but crucial parts of the answer.

The opinions expressed in this article are those of the author(s) and do not necessarily reflect the views of Skadden or its clients.

Amid growing trade disputes between major economies, cryptocurrency markets are showing mixed reactions, with Tron (TRX) demonstrating particular resilience.

Tether’s recent minting of 1 billion USDT on the Tron network signals continued institutional interest despite market volatility.

Technical Analysis Highlights

TRX recovered from a 7.5% correction, rebounding from 0.221 on April 7th to reach 0.243 by April 10th.

A clear double-bottom pattern formed around the 0.226-0.227 support zone, with significantly increased volume during the recovery phase, according to CoinDesk Research’s technical analysis model.

The 48-hour analysis shows a decisive uptrend with higher lows and higher highs, establishing strong support at 0.238 and resistance at 0.242.

Fibonacci retracement levels indicate the current rally has reclaimed the 61.8% level of the previous decline.

Momentum indicators point to continued bullish sentiment as TRX approaches the key psychological level of 0.245.

In the last 100 minutes of trading, TRX gained 0.6% from 0.241 to 0.242, forming a clear ascending channel pattern.

Strong buying pressure occurred between 10:52-10:58, with TRX surging from 0.241 to 0.242 on higher-than-average volume.

A brief pullback to 0.241 around 11:15 established a higher low, maintaining uptrend integrity.

Fibonacci extension suggests 0.243 as the next target level, with immediate support at 0.241.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References:

TheNewsCrypto, “3 More Altcoins to Add to Your Portfolio If You Bought the Solana (SOL) Dip,” published April 8, 2025.​

Cryptopolitan, “AI Predicts 22,140% Gains For Mutuum Finance (MUTM) & 405% For Shiba Inu (SHIB), But Says To Sell Tron (TRX) & Ripple (XRP) Fast,” published April 7, 2025.

Bitcoinist, “XRP To Flip Bitcoin This Cycle? Analyst Points To Major Bounce,” published April 8, 2025.​

Bitcoin Sistemi, “New Statement from Tron (TRX) Founder Justin Sun on FDUSD Crisis,” published April 5, 2025.​

U.Today, “Tron (TRX) May Flip Dogecoin (DOGE) Soon,” published April 8, 2025.