Portofino Mint - 14 April 2025

🚀 Welcome to the Portofino Mint!

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This week showcased how crypto continues to integrate with both macro trends and regulatory evolution. From tariffs to ETFs, DeFi resilience to XRP’s redemption arc, the space is as dynamic—and unpredictable—as ever.

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📊  Key Technical Levels & Sentiment

‍- BTC: Approaching critical resistance at $85K. A breakout could target $90K+, while rejection opens downside to ~$78K.‍

- ETH: Flat near $3,100. Options launch may spur renewed flows.- #XRP: Holding strong at $2.15. Key level to watch: $2.00 support.- Sentiment: Traders are increasingly eyeing $100K BTC strike options—highest open interest sits at that level, per Amberdata.

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🔹 Macro Meets Crypto

The biggest macro story of the week? Tariffs. And a lot of them.Early last week, Trump’s aggressive tariff rhetoric tanked both equity and crypto markets. But by Friday, a 90-day pause on non-China import levies reversed the damage. Stocks bounced. Bitcoin rebounded. And the narrative pendulum swung once again between BTC as a “risk-on” asset vs. a “safe haven.” Analysts noted its resilience, though not without caveats. BTC’s reaction was more “controlled flight” than “total decoupling.”Meanwhile, Binance CEO Richard Teng took a bullish stance, saying protectionism could accelerate interest in crypto as a non-sovereign store of value—a nod to BTC’s digital gold thesis.

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🔹 Market Movers: XRP Steals the Show

Ripple rallied past $2.15 after finally closing its years-long case with the SEC. The fine? $50M. The signal? Regulatory clarity. Ripple followed that up with a massive acquisition of brokerage Hidden Road for $1.25B, marking one of the biggest deals in crypto history. To cap it off: the first XRP ETF launched in the U.S., opening the door for institutional flows.

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🔹 Ethereum: Scaling Ambitions + Market Stagnation

While ETH price remains stuck around $3,100, the Ethereum Foundation is looking forward.Co-Executive Director Tomasz Stańczak shared a streamlined roadmap—prepping for the next wave of mainstream scalability.

𝘛𝘩𝘪𝘴 𝘮𝘦𝘴𝘴𝘢𝘨𝘦 𝘪𝘴 𝘧𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘰𝘯𝘭𝘺. 𝘐𝘵 𝘪𝘴 𝘯𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦, 𝘢𝘯 𝘰𝘧𝘧𝘦𝘳 𝘰𝘧 𝘴𝘦𝘳𝘷𝘪𝘤𝘦𝘴, 𝘰𝘳 𝘢 𝘴𝘰𝘭𝘪𝘤𝘪𝘵𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘦𝘯𝘨𝘢𝘨𝘦 𝘪𝘯 𝘢𝘯𝘺 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘤𝘵𝘪𝘷𝘪𝘵𝘺𝘗𝘩𝘰𝘵𝘰-𝘪𝘭𝘭𝘶𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯: 𝘞𝘪𝘳𝘦𝘥 𝘴𝘵𝘢𝘧𝘧; 𝘎𝘦𝘵𝘵𝘺 𝘪𝘮𝘢𝘨𝘦𝘴

See Here the update from the last week