Wormhole (W)

#W Channel Breakout Setup Forming👨‍💻

Wormhole is consolidating just below the upper boundary of the descending channel on the daily chart 🔍

✅ Resistance being tested
✅ Accumulation phase complete
✅ Traders positioning for the next leg up

Breakout targets: $0.0170, $0.0225, $0.0320, $0.0420, and $0.0550🎯

BS Premium Interactive Tasks #Issue93 🎯

The Wormhole project is seeing a major token unlock today, with approximately 1.28 billion $W entering circulation at once—representing a significant portion of the current supply. This event is considered one of the most closely watched supply shocks of April. The market is generally concerned that short-term selling pressure could impact the price of $W, while also testing the project’s ability to manage liquidity and advance its ecosystem. Many traders are closely monitoring post-unlock selling activity to assess whether further corrections may occur.

Leadership changes within the U.S. Department of Justice have sparked widespread discussion in the crypto space. Donald Trump has appointed Todd Blanche as Acting Attorney General. Blanche previously authored a memo advocating for reduced federal enforcement against the crypto industry. This appointment is seen as a positive signal of a potentially more relaxed regulatory environment, which may support future policy implementation and has become one of today’s hottest regulatory topics.

Coinbase has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a federal trust company. This marks an important step forward in its institutional-grade crypto custody business. Industry insiders believe this move will boost participation from compliant institutions and promote deeper integration between traditional finance and the crypto market. It is one of the most notable bullish developments for institutional investors today and further strengthens Coinbase’s leading position in the industry.

The Ethereum ecosystem is also drawing significant attention today. Discussions around the Glamsterdam upgrade continue to heat up, while the CLARITY Act is expected to move forward in the Senate Banking Committee markup process in mid-April. Market participants generally believe that these positive developments—both regulatory and technical—could inject new momentum into the crypto industry in Q2, attract more institutional capital, and strengthen overall market confidence.

This week’s recommended interactive tasks to watch and participate in:

1️⃣ Circle team’s Layer 1 blockchain project: #ARC
2️⃣ Stablecoin payment project led by a16z with a $10M investment: #BetterMoney
3️⃣ Emerging InfoFi (Information Finance) platform: #3look
4️⃣ Trending GameFi project where players can capture Meme pets: #RealGo
5️⃣ Native DEX on the Sui blockchain, running for nearly 5 months with over $1B in trading volume: #FerraProtocol

#Crypto #Airdrops #DeFi #L1 #AI #InfoFi #GameFi #Wormhole #Coinbase #ETH

⚡️ UPDATE: Wormhole confirms user funds are safe and bridge remains operational after Drift incident https://t.co/rYQ9LqgPfe