Altcoin
Trump’s Tariffs, AI Meme Coins, P2E Games
We’re back with our weekly crypto recap.
If Trump’s presidency means one thing, it’s that there’ll be no shortage of crypto news.
This past week, the newly inaugurated president (along with his immediate family and friends) continued to make headlines in crypto circles. We also witnessed noteworthy developments in AI and gaming.
Here’s a recap of what happened in crypto recently:
- Trump’s tariffs shook the crypto and stock markets
- Eric Trump says buy the dip as $ETH lost over 20% in value
- Trump established the first federal wealth fund, and Lummis hinted it could hold $BTC
- Musk proposed moving all US Treasury operations onto the blockchain
- Google announced a $75B AI investment plan while its stock dropped 10%
- Crypto gamers anticipate three exciting new projects
Now, let’s zoom in a little.
1. Trump’s 25% Tariffs Shake Up the Market
The crypto market faced turbulence, with Bitcoin ($BTC) briefly touching $92K after Trump announced 25% tariffs on Canadian and Mexican imports.
Canada immediately imposed a counter-tariff, whereas Mexican President Claudia Sheinbaum took a more cautious approach.
The Crypto Fear & Greed Index entered the Fear zone for the first time since October 2024 and hasn’t yet recovered. The impact rippled through traditional markets as well, with the S&P 500 futures dropping 1.9% and the Dow Jones Industrial Average falling 1.5%.
However, there may be more strategic depth to Trump’s tariffs threats than immediate market reactions suggest. Specifically, it could be an attempt to weaken the dollar while maintaining low yields, thus forcing countries to shift from short-term dollar reserves to long-term Treasury bonds.
2. Eric Trump Endorses $ETH in an Attempt to Recover WLFI Portfolio
Eric Trump appears to be his father’s main crypto advisor, as evident from his involvement with World Liberty Finance (WLFI) and the official $TRUMP meme coin.
Last Monday, the presidential son tweeted ‘it’s a great time to add $ETH’ as the token dipped some 20% (on the back of Trump’s tariff war, that is). $ETH’s price subsequently rose from $2.3K to $2.7K.
Eric Trump’s $ETH advocacy makes sense given WLFI’s substantial holdings of the asset. The company purchased over $100M in $ETH and $WBTC in January and an additional $5M $ETH last week.
With an average $ETH purchase price of $3.3K, WLFI currently faces an unrealized loss of approximately $31M.
3. Trump Creates a Sovereign Wealth Fund, $BTC in Focus
Trump signed an executive order to establish America’s first federal sovereign wealth fund. Senator Cynthia Lummis then tweeted it’s a ‘₿ig deal,’ with the Bitcoin ₿, possibly hinting at an upcoming $BTC investment.
Unlike traditional strategic reserves that focus on stable assets, sovereign wealth funds have the flexibility to diversify into more dynamic investments – like crypto.
This approach would mirror Norway’s sovereign wealth fund strategy, which already has indirect $BTC exposure through investments in companies like MicroStrategy.
While Alaska and Texas have been successfully operating state-level sovereign wealth funds for some time, this is an uncharted territory for the federal government.
4. Musk Wants to Move the $1.5T US Treasury on the Blockchain
Musk raised eyebrows with his proposal to put the US Treasury on the blockchain – all $1.5T of it. We’re talking about a blockchain that would handle everything from social security checks to federal employee paychecks.
In line with the D.O.G.E mission, this would make Treasury management more efficient and enhance transparency, as you could track every dollar the government spends.
However, many are skeptical about the idea.
Either way, this transition would force over 3M federal employees to start using blockchain technology and push crypto adoption to levels never seen before.
5. Google’s ‘Small’ $75B AI Investment Rattles Wall Street
Google CEO Sundar Pichai plans to invest $75B in AI, which he called a ‘small expenditure.’
It’s clear that AI is taking center stage in Google’s strategy, especially given how much of the company’s $95B revenue last year was tied to AI-related services.
While Google’s yearly revenue increased 12%, Wall Street seemed jittery about this spending plan, which sent Alphabet Inc. shares down 10%.
However, Google has no other option to stay ahead of the Silicon Valley AI race. Microsoft isn’t far behind with its $80B AI infrastructure plan. Meta and Amazon are also pouring substantial resources into AI.
Capital inflows into the AI sector mean that AI meme coins and AI agent tokens might see more upside this year.
6. New in Crypto Gaming: Super Bowl NFTs, GTA 6, StepMania
In other crypto news, Mythical Games launched a Super Bowl promotion for NFL Rivals, its NFT mobile football game. The two-week event features 30 new player cards from the Kansas City Chiefs and Philadelphia Eagles.
Meanwhile, streamers Adin Ross and FaZe Banks plan to create a crypto-focused custom server for the upcoming GTA 6. However, they might face challenges given Rockstar Games’ 2022 ban on crypto and NFTs in GTA Online servers.
In other crypto game news, a new move-to-earn (M2E) fitness app, StepMania, is now available on Telegram. It takes inspiration from StepN, a 2021 M2E game that attracted 5.6M users with its unique mechanic and sneaker NFTs.
7. MIND of Pepe ($MIND) Could Benefit From the AI Race and Trump’s Policies
Trump’s pro-crypto strategy, shared by Eric Trump and Elon Musk, is bullish for the entire altcoin sector. That’s particularly true for AI tokens like MIND of Pepe ($MIND) in light of the current Big Tech AI race.
MIND of Pepe is a self-sovereign agent that runs on Ethereum. It can analyze market data, deliver exclusive insights to its token holders, engage in discussions on social media, and even launch its own projects (including crypto games).
Currently on presale, one $MIND token costs $0.0032924, but the price will increase in 14 hours. The project has raised $5.6M so far, and early adopters have staked 859B tokens at a 407% APY.
After $MIND hits the ground running and lists on DEX, it could surge 10X, especially now that Eric Trump has endorsed the Ethereum ecosystem.
This Week in Crypto – The Low Down
This week, all eyes are on Trump’s crypto agenda and the AI sector. The effect of federal policy decisions on market movements is undeniable, so we can only hope the upcoming days will bring good news.
Uncertainty forces investors to seek utility-focused projects like MIND of Pepe. Its data-backed market insights and ability to autonomously launch new projects make it one of the best presales in 2025.
As always, however, be sure to DYOR and keep a cool head. The current crypto market is extremely volatile, so diversify your portfolio and only invest as much as you can afford to lose.
The price of Cardano has managed to stay resilient as market volatility has continued to grow, riding on new signals for ADA bulls to drive growth. Cardano has remained on the horizon over the past few weeks as it locked in to retail its ranking as the 10th largest cryptocurrency.
With technical indicators showing a potential rebound, such as the golden cross metric, the question remains whether the ADA price can break out of its current consolidation.
ADA and Mission With Market Bulls
Cardano’s price was $0.6282 at the time of writing, up marginally by 0.64% in 24 hours. ADA bounced back from a low of $0.6197 to a high of $0.6340 to extend its ongoing consolidation.
Despite this close trading range, the asset’s price will likely benefit from the positive shift in Open Interest. This metric, as measured by CoinGlass data, has jumped by over 4% in the past 1 hour, a visible change in direction.
With this short-term shift, the total funds committed to ADA in the market are now pegged at 1 billion, worth over $629 million. Open Interest is a key metric that depicts the total value of contracts opened in the derivatives market. The bigger this figure in dollar terms, the more likely a trend shift is.
This current adoption boost has placed the ADA price in the spotlight. With speculation growing on whether the ADA price could hit $3 or higher levels, commitment in the derivatives market can reshape sentiment.
Cardano Price and Golden Cross Setup
Over the past 7 days, the price of the top altcoin, now capped below the $0.6677 resistance level. However, this will change if the current Golden Cross formation plays out.
Per the ADA/USDT daily chart, two major indicators are flashing unique signals that must be watched closely. The Awesome Oscillator is still reading negative, a sign that, though bears remain in control, the excessive selloff might be thinning out.
The Golden Cross, on the other hand, is on the verge of a breakout. The short-term or 9-day Moving Average is about to exceed the long-term or 21-day moving average. If this trend materializes, the Cardano price breakout will be confirmed.
With this signal, an ADA price analysis that teased $4 may be possible despite recent whale selloffs.
Cardano In the News
Amid the sustained dynamic trends in the crypto market today, ADA has remained in the spotlight over the past week.
As reported by CoinGape, the long-anticipated Cardano-Bitcoin staking is likely to become a reality soon. This is a major complement to the growing list of ADA ETF products now filed with the Securities and Exchange Commission (SEC).
If approved alongside other altcoin ETFs, it might usher in another era of institutional adoption for Cardano, setting the coin up for price breakout.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto analyst Master Kenobi has provided a bullish outlook for the Dogecoin price, predicting that it could reach a new all-time high (ATH) in 55 days. He revealed what needs to happen for DOGE to achieve this milestone by June, based on his 55-day target.
How The Dogecoin Price Could Reach A New ATH By June
In an X post, Master Kenobi stated that the Dogecoin price will likely reach a new all-time high within approximately 50 to 55 days once it breaks above the trendline he highlighted on his accompanying chart.
The chart showed that the crucial price level DOGE needs to break above, based on this trendline, is $0.15488. The analyst then remarked that a conservative price target for the top meme coin would be $0.90 by June 5-10.
Master Kenobi had made this prediction while alluding to an earlier post in which he indicated that the Dogecoin bottom was almost near. In that post, he stated that the last time DOGE experienced a downturn, there was a 100-day period from the local bottom to the local top. He noted the meme coin is now halfway through a similar timeframe.
In line with this, the crypto analyst expects the Dogecoin price to reach a new all-time high (ATH) during this period, although he admitted that it is unclear whether it will break the psychological $1 level.
Crypto analyst Kevin Capital also suggested that a massive rebound was on the horizon for the DOGE price. In an X post, he stated that everything is going according to plan for Dogecoin. He urged market participants to stay patient, noting that every day that passes is another day closer.
DOGE Traders Remain Undecided At The Moment
In an X post, crypto analyst Trader Tardigrade indicated that DOGE traders are currently undecided on the meme coin’s next move. In an X post, he stated that the Dogecoin price structure has been converging into a triangle pattern, indicating market indecision.
He noted that during this period, buyers hesitate to buy high, while sellers are cautious about selling low, leading to conservative behavior on both sides. The analyst added that this pattern typically occurs between a downtrend and an uptrend.
This market indecision currently explains why DOGE investors continue to accumulate and dump their coins at will with no clear sign of active accumulation or a wave of sell-offs. As CoinGape reported, crypto whales recently dumped 570 million DOGE, as the Dogecoin price continues to trade sideways.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Pi coin price went up considerably after a recent announcement outlining the project’s tokenomics and migration plan.
The news revealed that 65 billion Pi tokens have been held in reserve for community mining rewards. This fact accounts for the long-term token distribution strategy of Pi Network, an organization that has labored diligently to develop its ecosystem for more than six years.
Pi Coin Price Pumps Following Token Distribution Details
According to the latest data, the Pi coin price jumped close to 5.5% in the last 24 hours. The coin jumped from an all-time 24-hour low of $0.6098, reaching as high as $0.6599.
Pi had also been in a seven-day trading range of $0.594 to $0.774, and the latest news favored bullish price momentum. Of the 100 billion maximum token supply, 65% (65 billion tokens) is allocated specifically for community mining rewards. CoinGape has also released an analysis of how high Pi Coin can go if major banks start using it.
A Mainnet migration roadmap based on the network’s priorities is now available. https://t.co/fFqpZcgA8M
The roadmap outlines how first migrations, second migrations with referral bonuses, and ongoing migrations on a regular basis will be prioritized in that order. The blog also…
— Pi Network (@PiCoreTeam) April 18, 2025
As per the announcement, the remaining supply is divided among foundation reserves (10 billion tokens or 10%), liquidity purposes (5 billion tokens or 5%), and the Core Team (20 billion tokens or 20%).
A distinctive feature of Pi’s tokenomics is that all allocations track the pace of community migrated mining rewards. This means that as verified community members migrate to the mainnet, tokens from other allocation categories become proportionally available.
The network explained that this structure “was intentionally designed to align the interests of all parties in the network to get as many Pioneers and as many Pi onto the Mainnet as possible.”
In practical terms, this means the effective total supply at any given time can be calculated by dividing the current migrated mining rewards on the blockchain by 65%.
Mainnet migration advances with phased approach
Pi Network has mentioned a structured roadmap for migrating its community of users to the mainnet blockchain. The network highlighted that it has already successfully migrated over 12 million people. They also described this as “an achievement of scalability in the industry.”
The migration process is proceeding in distinct phases based on network priorities. Currently, Pi Network is completing initial migrations for users in the queue. This include verified base mining rewards, Security Circle rewards, lockup rewards, utility apps usage rewards, and confirmed Node rewards.
Once this first migration phase is completed, the network will focus on second migrations that will also incorporate referral mining bonuses attributable to team members who have passed KYC verification.
In addition, the final stage will involve shifting to regular, periodic migrations that will include all bonuses and rewards. CoinGape has also delved into Pi Network price analysis on whether you should sell or hold your Pi Coins.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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