On Saturday, Cardano (ADA) and Avalanche (AVAX) both reached multi-month highs, securing their positions as the seventh- and eighth-largest cryptocurrencies, respectively. ADA/USD increased up to 5%, peaking at $0.4581. A day after trading at a low of $18.52, AVAX/USD rose to an intraday high of $19.51. Price strength is currently at 66.54, with a potential resistance level at 70.00. Do you anticipate that AVAX will increase on Sunday for an eighth straight day? Please tell us in the comments. News sorce

The recently established Koyo token project burned 1.49 billion SHIB tokens, causing its burn rate to soar over 30,000%. CryptoGlobe reported that a huge SHIB whale just increased its holdings to almost 5 trillion tokens by purchasing an additional 171.68 billion SHIB for $1.88 million. IntoTheBlock reported that a sizable amount of SHIB tokens is now held by long-term investors, with owners who have held onto their tokens for more than a year controlling close to 70% of the token’s circulating supply. News Sorce

Over the last seven days, the prices of Bitcoin (BTC) and Ethereum (ETH) have increased by around 9% and 12%, respectively. Recently, Bitcoin (BTC) was trading at $30,450, up 0.4% from the previous day and more than 9% from the previous week. Ether (ETH) increased by 5.4% on Friday to trade at $2,105, a gain of more than 12% for the week. According to Will Tamplin, senior analyst at the technical research firm Fairlead Strategies, the next significant resistance levels for ETH and BTC are expected to be around $2,400 and $35,900, respectively, over the next weeks. In an interview with CoinDesk, Greg Magadini, director of derivatives at cryptocurrency analytics company Amberdata, pointed out that the risk reversal skew, which measures how expensive it is to sell puts vs calls in ETH, presently sits positive to the call side for all expirations post-Shapella. As investors began to analyze the results from the most recent quarter’s earnings season, stocks ended Friday’s trading session lower. Over the last seven days, the prices of Bitcoin (BTC) and Ethereum (ETH) have increased by around 9% and 12%, respectively. Recently, Bitcoin (BTC) was trading at $30,450, up 0.4% from the previous day and more than 9% from the previous week. Ether (ETH) increased by 5.4% on Friday to trade at $2,105, a gain of more than 12% for the week. According to Will Tamplin, senior analyst at the technical research firm Fairlead Strategies, the next significant resistance levels for ETH and BTC are expected to be around $2,400 and $35,900, respectively, over the next weeks. Greg Magadini, director of derivatives at the cryptocurrency analytics company Amberdata, stated in an interview with CoinDesk that the risk reversal skew, which measures how expensive calls are relative to puts in the ETH market, now favors calls for all expirations after Shapella. Equities ended the day Friday down as investors began to analyze the results of the recent quarter’s earnings season. News Sorce

In terms of price in BTC and USD, Craig Wright’s Bitcoin SV (Satoshi’s Vision) is trading very close to its all-time low. Since the start of 2020, it has been depreciating against Bitcoin, and it is currently trading at 0.0011 BTC per BSV, the lowest price ever. BSV was produced as a Bitcoin Cash hard fork in late 2018. Since its inception, BSV has experienced attacks and delistings. The Bitcoin Satoshi Vision version by Craig Wright and Calvin Ayre would raise the block size cap to 128 megabytes. With the Bitcoin Cash fork trading at just under $36 and its all-time low at $32, BSV’s price outlook is not promising. BSV is rapidly approaching the status of “dead coin.” News Sorce

In an anti-cryptocurrency interview with CNBC’s Squawk Box on April 12, Warren Buffett assumed his familiar role as the FUD train’s conductor. He said he doesn’t want to make a living by placing bets against the house and compared Bitcoin to roulette, sports betting, and chain letters. This represents a change in Buffett’s historical position on Bitcoin and other cryptocurrencies, which he has a history of disparaging. Buffett reiterated Charlie Munger’s claim that Bitcoin was “rat poison squared” in a January 2018 interview, which became the source of Buffett’s most well-known cryptocurrency quotation. He dodged the question and instead compared cryptocurrency to gambling in his most recent CNBC interview. Then, in a brief parody of postal chain letters, he changed the subject and asserted that people using Bitcoin were essentially making bets with their money. Losses resulting from the recent banking crisis have affected Buffett’s Berkshire Hathaway investment group. News Sorce

The upcoming Shapella hard fork on the Ethereum network will give stakers the option to unlock their Ether rewards or stop staking altogether on April 12 at 10:27 UTC. Although there had been more than 170,000 ETH withdrawal requests as of April 11, the total amount staked on the Beacon Chain is higher. Most of the movement, according to analysts, can be attributed to the upcoming Shapella hard fork of the Ethereum network, which is set for April 12 at 10:27 p.m. UTC. It is necessary to look into alternative explanations for ETH’s poor performance in order to disprove the hypothesis. According to Paul Brody, the conflict to keep Ether decentralized is to blame for its price underperformance. Futures markets should be investigated to see if the Shapella hard fork has made investors more risk-averse. Ether derivatives show balanced bets between bulls and bears. Futures contracts should trade at a 5%–10% annualized premium when the market is in contango. There is currently no reason to think professional traders anticipate a price correction as a result of the staking unlock. The annualized premium for the Ether 3-month futures is currently 2%. News Sorce

Thanks to a rise in the value of crypto assets, FTX was able to recoup the majority of its outstanding debt to customers. The exchange currently has distributable assets, including cash and cryptocurrencies, totaling $7.3 billion. The situation has stabilized, according to lawyer Andy Dietderich, and the price of crypto assets will fluctuate while the case is being litigated. Since FTX announced its recoveries in a press release, the price of Bitcoin has increased significantly, and creditors will be compensated for their losses in USD. A draught of FTX’s reorganization plan will be submitted to the court in July, and it will be approved by Q2 of 2024. The Justice Department has filed a 13-count complaint against Sam Bankman-Fried for violations related to campaign finance, fraud, and bribery. News Sorce