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Monday, April 28, 2025

Cryptocurrency
Contrasting Digihost Technology (NASDAQ:DGHI) & Pagaya Technologies (NASDAQ:PGY)
Contrasting Digihost Technology (NASDAQ:DGHI) & Pagaya Technologies (NASDAQ:PGY)
By MarketBeat News

Pagaya Technologies (NASDAQ:PGY) and Digihost Technology (NASDAQ:DGHI) are compared as small-cap finance companies. Key findings include: - 57.1% of Pagaya shares are owned by institutional investors, compared to 1.9% for Digihost. - Pagaya has a beta of 5.89, indicating higher volatility than Digihost's 5.68. - Pagaya has a consensus target price of $20.61, with a potential upside of 83.86%, while Digihost's target price is $2.50 with a potential upside of 83.15%. - Digihost has lower revenue but higher earnings than Pagaya, and is trading at a lower price-to-earnings ratio. - Pagaya beats Digihost on 10 of 14 compared factors, suggesting it may be the more favorable stock.

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XRP Nearing Explosive Breakout—$10 Target In Sight, Expert Says
XRP Nearing Explosive Breakout—$10 Target In Sight, Expert Says

April 27, 2025 • By Christian Encila

A Korean Elliott Wave expert, XForceGlobal, has forecasted that XRP may move between $10 and $40 over the next few months, potentially gaining up to 1,726% from current market levels. According to XForceGlobal, XRP has completed a "WXY corrective pattern" and is now ready for a big bull run. The analyst believes that XRP is in wave 2 of a bigger fifth wave, indicating a strong wave 3 is upcoming. XForceGlobal's prediction relies on Elliott Wave Theory and is supported by the similarity between XRP's Korean won and US dollar charts. The analyst also notes that "smart money" is accumulating in XRP, and the cryptocurrency's community is strong compared to other cryptocurrencies like Ethereum and Solana.

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The9 (NASDAQ:NCTY) and Perella Weinberg Partners (NASDAQ:PWP) Head-To-Head Survey
The9 (NASDAQ:NCTY) and Perella Weinberg Partners (NASDAQ:PWP) Head-To-Head Survey

April 27, 2025 • By MarketBeat News

The9 and Perella Weinberg Partners are two small-cap computer and technology companies. A comparison of the two businesses reveals that Perella Weinberg Partners has stronger institutional ownership, with 41.1% of its shares held by institutional investors, compared to 0.5% for The9. Perella Weinberg Partners also has a higher consensus price target of $25.33, indicating a potential upside of 49.99%. Analysts believe Perella Weinberg Partners is more favorable due to its stronger consensus rating and higher probable upside. Perella Weinberg Partners beats The9 on 8 out of 12 factors compared between the two stocks. The9 operates as a cryptocurrency mining business, while Perella Weinberg Partners provides strategic and financial advice services as an independent investment banking company. Overall, Perella Weinberg Partners appears to be the better business based on the comparison.

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Storm-1977 Hits Education Clouds with AzureChecker, Deploys 200+ Crypto Mining Containers
Storm-1977 Hits Education Clouds with AzureChecker, Deploys 200+ Crypto Mining Containers

April 27, 2025 • By info@thehackernews.com (The Hacker News)

Microsoft has reported that a threat actor, Storm-1977, has been conducting password spraying attacks on cloud tenants in the education sector. The attacks use a tool called AzureChecker.exe, which connects to an external server to retrieve a list of targets and uses a text file with username and password combinations to attempt to compromise accounts. In one instance, the attackers used a compromised guest account to create a resource group and conducted illicit cryptocurrency mining. To prevent such attacks, Microsoft advises organizations to secure container deployment, monitor unusual API requests, and ensure that container images are free from vulnerabilities.

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Bitcoin Continues To Flow Out Of Major Exchanges — Supply Squeeze Soon?
Bitcoin Continues To Flow Out Of Major Exchanges — Supply Squeeze Soon?

April 27, 2025 • By Opeyemi Sule

The cryptocurrency market has seen a surge in activity after Easter Sunday, with Bitcoin leading the way and experiencing a double-digit gain. Despite this, the price of BTC seems to be losing momentum, currently holding above $94,000. However, investors appear to be confident in the recent rally, with significant amounts of BTC being withdrawn from major centralized exchanges. According to CryptoQuant data, 27,750 BTC (worth $2.63 billion) was moved out of Binance on April 25, representing the third-largest net outflow in the exchange's history. Similarly, over 7,000 BTC (worth approximately $66.5 million) has been withdrawn from Coinbase. Analysts suggest that these large outflows could indicate increased institutional activity and potentially signal bullish sentiment, but also note that they do not guarantee a price rally. The price of BTC currently sits at around $95,200, reflecting a 2% increase in the past 24 hours.

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XRP Price Ready To Reach $8 As Consolidation Breaks – Here’s The Timeline
XRP Price Ready To Reach $8 As Consolidation Breaks – Here’s The Timeline

April 27, 2025 • By Scott Matherson

A crypto analyst, Master Ananda, believes XRP could surge above $8, marking a new all-time high, after breaking out of a descending consolidation pattern. Technical indicators show XRP is trading above crucial Moving Averages, including the 200-day Simple Moving Average, indicating a long-term bullish signal. The analyst expects XRP to pass three critical price targets: $4.5, $6.29, and $8.08, representing a 1,380% increase from its current market value. However, the analyst advises investors to remain patient, as this surge will not happen overnight and may take several months to materialize.

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Bitcoin Price Surges Past $95,000 — Analyst Discusses The Real Drivers
Bitcoin Price Surges Past $95,000 — Analyst Discusses The Real Drivers

April 27, 2025 • By Opeyemi Sule

The Bitcoin price has been rising, breaking above $90,000 and reaching $95,000. On-chain analyst IT Tech analyzed the rally, identifying catalysts such as a rotation of capital and increased activity from short-term holders, who have increased their balance by 19% in 30 days. Long-term holders have stopped selling, removing overhead pressure, and their balance has grown by 0.3%. IT Tech warns that the dominance of short-term holders could lead to high volatility, but believes the Bitcoin price has yet to reach its local top, currently valued at around $95,210.

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Trump-backed crypto venture partners with Pakistan Crypto Council to boost blockchain adoption
Trump-backed crypto venture partners with Pakistan Crypto Council to boost blockchain adoption

April 27, 2025 • By PTI

The article discusses various topics, including a terrorist attack in Pahalgam, India's plans regarding the Indus River, and the potential impact on Kashmir air travel. India is also reevaluating the Indus Treaty, with Pakistan's Prime Minister Shehbaz Sharif calling India's stance a "worn-out narrative." Additionally, the article touches on other subjects such as the electric vehicle industry, tariff pauses, and digital currency initiatives.

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BTC Price Action Tightens: Market In Consolidation Phase Ahead Of A Potential Break
BTC Price Action Tightens: Market In Consolidation Phase Ahead Of A Potential Break

April 27, 2025 • By nickthomas+editorial@benzinga.com

Markets have remained calm, with the Nasdaq forming an inside bar on its weekly chart, signaling indecision or a buildup before a larger move. Bitcoin is following a similar pattern, consolidating just below key resistance levels after several weeks of upward movement. The cryptocurrency's price behavior suggests a breakout could be imminent, with the direction of the breakout setting the tone for its next major move. Key levels to watch include 83,000, 88,000, and 92,000. If Bitcoin breaks above 88,000, it could move toward the 92,000s and potentially set the stage for a run toward all-time highs. However, another rejection could mark the formation of a local top and increase the chances of a deeper pullback. For bullish momentum to remain intact, Bitcoin needs to stay above 66,000. As long as the price holds above this key higher low, the broader uptrend remains in place, and any pullbacks can be viewed as potential buying opportunities. Traders should be prepared for volatility to return once the range is broken, and staying patient and reactive to price behavior at key levels will be critical for navigating the next phase in Bitcoin's trend.

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Polygon Eyes 2x Upsurge From Broadening Wedge Pattern
Polygon Eyes 2x Upsurge From Broadening Wedge Pattern

April 27, 2025 • By Godspower Owie

Polygon (POL) is gaining attention in the crypto market after a bullish breakout from a broadening wedge pattern. The current momentum suggests bulls may target $0.31, with potential for a sustained upside push towards $0.52. Improving sentiment and technical indicators support a stronger rally, but risks linger, including the possibility of a false breakout. If bulls maintain the price above the breakout level, POL's next chapter could be defined by renewed momentum and wider investor interest, with potential targets at $0.44 and $0.52.

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Citigroup Predicts Stablecoin Market To Grow By $1.6 Trillion By 2030 – Details
Citigroup Predicts Stablecoin Market To Grow By $1.6 Trillion By 2030 – Details

April 27, 2025 • By Semilore Faleti

Citigroup has released a market report predicting a 7x supply growth in the stablecoin market over the next five years. The growth is attributed to the US administration's intention to support the digital asset industry, with a crypto working group established to create a federal regulatory framework. The stablecoin market has grown 30x in recent years, with a potential rise of $1.6 trillion by 2030 in a base case scenario. However, Citigroup notes potential challenges, including the risk of de-pegging and other nations investing in central bank digital currencies or stablecoins pegged to their native fiat currencies. The current stablecoin market is valued at $237.25 billion, with Tether (USDT) dominating the market.

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Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View
Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View

April 27, 2025 • By Scott Matherson

Ethereum, the second-largest cryptocurrency, has increased by 12.3% over the past seven days, supported by a clean uptrend. It has broken past three notable resistance levels at $1,590, $1,654, and $1,703. The current resistance at $1,800 is the next level to beat, with a potential target of $1,840 or higher if successfully closed above. Ethereum's outlook remains bullish as long as it stays above the newly reclaimed support zones, with $1,703 being a short-term hourly support level, $1,654 a medium-risk zone, and $1,590 a low-risk zone for reentry. A drop below $1,654 would shift the short-term outlook to neutral or bearish.

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Bitcoin miners' earnings power and stocks have diverged from the asset they help produce, as the hashrate languishes amid technical and macroeconomic headwinds
Bitcoin miners' earnings power and stocks have diverged from the asset they help produce, as the hashrate languishes amid technical and macroeconomic headwinds

April 27, 2025 • By bloomberg.com

Bitcoin miners' earnings and stock prices have diverged from the value of Bitcoin, despite the cryptocurrency's recent rally. The hashrate, which measures the processing power of the Bitcoin network, has been lagging due to technical and macroeconomic challenges. This divergence suggests that miners are not benefiting from the increase in Bitcoin's value, potentially due to rising costs, regulatory issues, or other external factors.

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BTC Price Action Tightens: Market In Consolidation Phase Ahead Of A Potential Break
BTC Price Action Tightens: Market In Consolidation Phase Ahead Of A Potential Break

April 27, 2025 • By nickthomas+editorial@benzinga.com

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Dogecoin Flashes Multiple Bullish Flags All Pointing To $1
Dogecoin Flashes Multiple Bullish Flags All Pointing To $1

April 27, 2025 • By Scott Matherson

Dogecoin's community remains hopeful for the cryptocurrency to reach $1, despite its current price below $0.20. Recently, Dogecoin has seen a 2.1% increase in 24 hours and a 17% surge in the past week. Analysts believe a larger rally may be imminent, citing technical setups with bullish signals. Crypto trader Kamran Asghar identified a bull flag pattern, indicating a potential breakout to $0.22 and eventually $1.09. Another analyst, Trader Tardigrade, noted a MACD bullish crossover, which has historically led to significant price rallies. To reach $1, Dogecoin would need to close above $0.20 and experience strong bullish momentum. Currently, DOGE is trading at $0.1862.

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SUI Primed For Market Correction – Analyst Sets Target At $2.75
SUI Primed For Market Correction – Analyst Sets Target At $2.75

April 27, 2025 • By Semilore Faleti

SUI, a prominent altcoin, has seen a significant surge in value, rising by 67.21% in the past week and 192.70% in the past year. According to an analysis by More Crypto Online using the Elliott Wave theory, SUI has reached the 178.6% Fibonacci extension level at $3.71. The analysts predict that SUI may experience a price pullback, with initial support at $3.27, and a deeper support zone between $2.95 and $2.75. At the time of writing, SUI trades at $3.58, with an 8.85% gain in the past day and a daily trading volume of $3.44 billion.

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Bitcoin Bullish Pattern Points To $103,000 Target – Details
Bitcoin Bullish Pattern Points To $103,000 Target – Details

April 26, 2025 • By Semilore Faleti

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Hashdex Unlocks World’s First Spot XRP ETF On Brazil’s Leading Stock Exchange — Is The US Next?
Hashdex Unlocks World’s First Spot XRP ETF On Brazil’s Leading Stock Exchange — Is The US Next?

April 26, 2025 • By Brenda Ngari

Brazil has launched the first-ever exchange-traded fund (ETF) that tracks the spot price of XRP, a cryptocurrency with a $158 billion market cap. Hashdex, a Brazilian crypto asset manager, launched the Hashdex Nasdaq XRP Fundo de Índice on the B3 stock exchange after receiving approval from the country's Securities and Exchange Commission (CVM) in February. The ETF tracks the price of XRP across major crypto exchanges using the Nasdaq XRP Reference Price Index and is now available for trading under the ticker XRPH11. This launch marks a significant milestone, as regulatory obstacles had previously hindered the launch of a spot XRP ETF. Brazil is a prominent player in the crypto market, with more Bitcoin ETFs than any other Latin American nation, and this move is expected to address the growing demand for crypto-focused investment products.

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Bitcoin Coinbase Premium Gap Remains In Positive  Zone — What This Means For Price
Bitcoin Coinbase Premium Gap Remains In Positive  Zone — What This Means For Price

April 26, 2025 • By Opeyemi Sule

The price of Bitcoin has surged over 13% in the past week, reaching above $95,000 for the first time since February. On-chain data suggests a positive investor sentiment, potentially indicating a bull run. The Coinbase Premium Gap, which tracks the difference between Bitcoin prices on Coinbase and Binance, has remained positive for over 265 hours, historically correlated with positive price action and accumulation phases. This could sustain Bitcoin's bullish momentum and catalyze the next significant breakout.

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