ETH Faces $1,100 Risk, SUI Eyes $3, BTC Dips
Web3 & Crypto Digest | April 19–23, 2025
A no-nonsense round-up of the most relevant events in Web3 and crypto, sourced from credible publications and verified social posts.
1. $400M ABCDE Web3 Fund Halts Investments
Source: Cointelegraph, April 19, 02:59 PDT
ABCDE paused new investments to protect capital amid market slowdown.
Focus shifts to an incubator: Vernal.
Key Details:
$400M fund supports existing projects, no new investments.
Du Jun cited a poor primary market atmosphere.
New focus: launching Vernal, a crypto incubator.
Move reflects Q1 2025’s cautious investment trend.
Web3 funding down 20% from Q4 2024, per industry estimates.
2. SUI & Render Signal Breakouts, Web3 AI Presale Booms
📰 Source: Analytics Insight, April 20, 12:00 PDT 📍
SUI eyes breakout at $2.65; Render ends emissions vote; Web3 AI presale gaining investor traction.
SUI’s price neared $2.65 resistance, eyeing $3.
Render’s RNP-019 vote (April 16-19) updates emissions.
Web3 AI presale drew investor interest, no figures shared.
SUI’s 2% intraday recovery boosted RSI momentum.
Render partners with ManifestAI, ThinkAgents for compute.
Ethereum Price Drops, $1,100 Possible
Source: CryptoPotato, April 20, 11:16 PDT
ETH’s low market activity hints at a potential 38% crash to $1,100
ETH at $1,794 (April 3), bearish due to low volatility.
Potential drop to $1,100, a 38% decline.
Market activity at 2025 lows, per CryptoPotato.
Traders advised to watch support levels.
Contrasts with April 5’s $5,000 forecast.
Coinbase Upgrades Solana Infra 5x
Source:
Upgrade boosts Solana’s transaction speed 5x.
Enhances Coinbase’s Web3/DeFi offerings.
Solana’s TPS already at 65,000 (March 2025).
Supports Solana’s dApp and gaming growth.
Follows Solflare X hack (April 20), funds safe.
Circle Launches Global Payment Network
Source:
Network aims to streamline cross-border payments.
Supports USDC, competing with SWIFT.
Whale bought 4,244 ETH at $1.6K, 370K+ SOL moved.
Enhances Web3’s payment infrastructure.
Circle’s 2024 volume: $1.5T (estimate).
TL,DR : Web3 Weekly Roundup
Spot trading volume at 6-month low ($20B est.).
Coinbase warns of crypto winter signs.
Auradine raised $153M for BTC mining, AI.
Futures trading up 15% from March 2025.
Reflects cautious Q2 market sentiment.
Quick Tip
SUI’s $2.65 is make-or-break—watch it. Secure wallets amid whale moves!
Stay sharp,
Your Web3 Guy