Cryptocurrencies Rebound With Gains of Up to 8%: Bitcoin Surpasses $104,000

By: fxleaders|2025/05/14 09:15:06

Despite Wall Street’s mixed close, the cryptocurrency market has reversed earlier losses and extended Monday’s upward momentum. Bitcoin ( BTC ) is up 1.4%, trading at $104,394.50, while Ethereum ( ETH ) leads altcoin gains with an 8.1% surge to $2,600. The rally comes amid renewed optimism following a better-than-expected U.S. inflation report, which showed a sharper-than-forecast slowdown in price growth. Altcoins are also trading higher, with gains of up to 8%. Ethereum leads the pack, followed by PI (+7.4%), Chainlink (+5.4%), Solana (+5%), and Hyperliquid (+4.1%). According to Coinglass, more than $530 million in long positions have been liquidated in the past 24 hours. Of that, around $200 million came from Bitcoin futures contracts and $170 million from ether-linked products. These liquidations occur when exchanges automatically close leveraged positions due to insufficient margin, forcing traders out of the market. At the same time, open interest in crypto futures dropped by over $1.2 billion, signaling significant deleveraging as traders were pressured to unwind long positions. The early-week rally was fueled by easing trade tensions between the U.S. and China. Washington announced a temporary reduction in tariffs from 145% to 30% for 90 days, while Beijing cut its tariffs from 125% to 10% on certain U.S. goods. The breakthrough boosted global markets and spilled over into crypto assets. Markets also reacted positively to other U.S. trade deals, including a recent agreement with the United Kingdom, which further supported Bitcoin and equity indices. However, the U.S.-China trade negotiations remain the key catalyst: if they advance, new crypto highs could follow; if not, a pullback may occur before the end of the month. That said, improved trade relations might also dampen demand for risk assets like cryptocurrencies, as reduced geopolitical risk lessens the perceived need for hedging . Investors are now turning their attention to the upcoming Federal Reserve meeting. While markets are pricing in three to four rate cuts in 2025, the Fed has maintained a more cautious stance, signaling it needs more time to assess the impact of tariff changes before adjusting monetary policy. All eyes are on today’s inflation data. Analysts expect April’s Consumer Price Index (CPI) to hold steady at 2.4% year-over-year, with core inflation at 2.8%. The outcome will likely influence the Fed’s tone and the next move for both crypto and broader markets.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.