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The stock and cryptocurrency markets could be approaching a significant price correction, according to Markus Thielen, the founder of 10x Research.
In an April 16 research note, Thielen cited persistent inflation, decreasing rate cuts, and a rising bond yield as the reasons behind his outlook.
The primary trigger is the unexpected and persistent inflation. With the bond market now projecting less than three cuts and 10-year Treasury Yields surpassing 4.50%, we may have arrived at a crucial tipping point for risk assets.
Bitcoin’s price fell over 9.3% during the week to trade above the $63,400 level as of 9:15 am UTC, according to CoinMarketCap data. Thielen suggests that the reason behind Bitcoin’s decline could be the falling expectations for an incoming interest rate cut.
Most of this 2023/2024 Bitcoin rally is driven by expectations that interest rates would be cut, and this narrative is being seriously challenged now.
According to Chicago Mercantile Exchange’s FedWatch tool, Traders are currently expecting rates to remain unchanged, with 99% of market participants expecting the Federal Reserve to maintain interest rates at the current 5.25%–5.50%, up from 93.6% a month ago.
A bearish outlook on risk assets
Thielen added that his company sold all its tech stocks at the open during Monday’s trading session and only holds a few high-conviction crypto coins. Overall, they are bearish on risk assets.
A key technical indicator, the relative strength index (RSI), suggests that Bitcoin price may be “overbought.” On the weekly chart, Bitcoin’s RSI is currently at 67, down from its 2024 high of 88, hit on March 24, according to TradingView.
Investor focus has shifted to the upcoming Bitcoin halving, prompting long-term holders to start selling and moving assets off exchanges. According to a Bitfinex research report, if short-term holders continue to absorb the supply sold by long-term holders, it could indicate room for further price growth.
The report follows Hong Kong Securities and Futures Commission (SFC) recently giving the green light to the first spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the region.
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The United Kingdom Treasury plans to introduce a regulatory framework for cryptocurrencies and stablecoins by July 2024. The goal is to foster local innovation in digital assets and blockchain technology while ensuring consumer protection and maintaining the U.K.’s position as a global leader in fintech.
Bim Afolami, the U.K.’s economic secretary to the Treasury, emphasized the importance of crypto regulations during his speech at the Innovate Finance Global Summit (IFGS) 2024:
Speaking of true change, I know that the cornerstone of our position as a world leader in fintech is the delivery of our regulatory regime for crypto assets and stablecoins.
The Treasury is currently working on final proposals that address stablecoins and crypto staking, with plans to deliver them by June or July. Afolami explained:
Once it goes live, a whole host of crypto asset activities, including operating in exchange, taking custody of customer assets and other things, will come within the regulator perimeter for the first time.
Afolami also announced the creation of an open finance task force during the conference, which will provide recommendations and identify necessary data sets and commercial incentives to advance the SME lending use case for open finance.
UK aims to regulate crypto
In related news, starting April 26, U.K. authorities will have the power to directly seize crypto assets from exchanges and custodian wallet providers suspected of being linked to illicit activities, without extensive legal procedures. This is due to amendments made to the Economic Crime and Corporate Transparency Act 2023, which expands the National Crime Agency’s authority.
The news follows the Hong Kong Securities and Futures Commission (SFC) recently giving the green light to the first spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the region. Still, not all of the current regulatory attention to crypto is positive, with the European Securities and Markets Authority (ESMA) issuing a warning about the high concentration of trading activity on a limited number of cryptocurrency exchanges.
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A new Helldivers 2 patch has finally come to save the day by fixing the CE-27 Ground Breaker armor.
The latest update came on April 16 (Version 01.000.203 on PlayStation 5 and PC), a few days after the release of the third-person shooter’s Premium Warbond dubbed Democratic Detonation. As part of a wealth of new weapons and armor, it saw the debut the CE-27 Ground Breaker medium armor set.
However, it didn’t all run smoothly, with players quickly pointing out that the Ground Breaker wasn’t working as it was supposed to. Specifically, it should have included the Engineering Kit passive as opposed to the Servo-Assisted passive.
Game developer Arrowhead Game Studios later confirmed that a mistake had occurred while releasing the Warbond to Helldivers 2, writing in a Discord post (seen by Tech Radar) that a fix was on the way.
“Regarding the CE-27 Ground Breaker armor, we’re aware of a slight mixup that resulted in it going live with the Servo-Assisted passive instead of the Engineering Kit passive as advertised,” community manager Spitz wrote (via GamesRadar). “This should be changed back in an upcoming hotfix – please keep this in mind if this armor is one of the reasons you’re thinking of purchasing the new Warbond!”
How to access Helldivers 2’s latest patch
Thankfully, Arrowhead stayed true to its promise and has now delivered a patch that fixes the issue. Namely, Servo-Assisted has now been replaced by the Engineering Kit passive, meaning the CE-27 Ground Breaker medium armor set should be working as originally intended.
There’s a wealth of other patches and bugs to be fixed in the new patch as well, so if any other glitches have been grating on you during gameplay, you should be able to see a quality difference. At the top of the list, the issue where different levels of damage were being dealt out between PC and console players should have been patched now.
Featured image: Sony
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Fortnite apparently has more festivities planned for May 4, which as every Star Wars fan knows is the holiest day on the liturgical calendar for galaxies far, far away. Leaks, teases, and datamining already are hinting at what fans of both the space opera and Epic Games’ battle royale may expect that weekend.
Among the content rumored to join the game beginning May 3 (a Friday).

Chewbacca as a long overdue playable skin.
“Rebel Leia,” meaning the Princess after her flowing robes appearance in A New Hope, but before her tenure as a commanding general.
A wookiee bowcaster weapon. Also long overdue! Old heads who grew up playing Dark Forces will no doubt smile. This thing should pack a mean punch.
Cantina Band jam track. But of course!

Fortnite and Star Wars have had a long-running collaborative relationship, with crossovers bringing heroes and villains like Luke Skywalker, Darth Vader, The Mandalorian, Darth Maul, Ahsoka Tano, R2-D2 and even Baby Yoda into the game. Fortnite’s first crossover with Star Wars came at the end of 2019 with the Fortnite X Star Wars event that previewed a trailer for Star Wars: Episode IX — The Rise of Skywalker.
Because Fortnite is constantly churning with crossovers and collaborations, sharp-eyed fans have already turned their attention to what might be coming after May 4. Already rumors suggest crossovers with Final Fantasy 7 Rebirth, which launched Feb. 29, and the Persona series, are in the pipeline.
Fortnite is currently in Chapter 5, Season 2, which runs until May 24. Avatar: The Last Airbender is the most current in-game collaboration, though things kind of got out of hand with its Earthbending feature, and it had to be disabled while Epic Games works on a fix.
The post Star Wars is coming back to Fortnite in time for May the Fourth appeared first on ReadWrite.

In a world before the likes of the Steam Deck and the Rog Ally a company called Evercade set out to capture the retro gaming market with a series of consoles and handheld devices that not only allowed you to play your favorite games from yesteryear but also capture some of the magic of buying cartridges and slotting them home.
With Evercade it was not a single game you were buying on a cartridge but a collection – clever licensing allowed them to bring you a cartridge full of Capcom hits, or Toaplan hits, and so on. And at a reasonable price too. These licensed products are a great way to play your old favorites legally without relying on emulators which can vanish at any minute. Now both the Evercade EXP and the Evercade VS-R are getting a final refresh with the originals being put out to pasture.
When the Evercade EXP came out I bought one immediately due to my obsession with shmups as the EXP had the ability to put it into TATE mode and play the games vertically with more screen real estate the way that they were meant to be played, The new version of the EXP, the EXP-R maintains the features which is very much appreciated. A new TATE grip is also on the way for this, which we presume will operate like the Flip Grip for the Nintendo Switch.

Refreshing retro
Andrew Byatt, CEO of Blaze, the company behind the Evercade machines said: “We’re thrilled to introduce the EXP-R and VS-R, going one step further to make retro gaming more accessible to gamers. With these reimagined editions, we are delighted to be able to lower the cost of entry into a market where prices seem to continuously rise. The EXP-R and VS-R embody our commitment to providing high-quality retro gaming experiences at unbeatable value, empowering gamers to dive into unforgettable adventures and physical ownership without breaking the bank. This relaunch marks an exciting new chapter for Evercade, and we can’t wait for even more people to come and experience the joy of gaming with our new products.”
These new iterations of the Evercade hardware mean the existing models are now entering their “end of life” phase. Support will continue but no more will be manufactured.
The new models are due for release in July and can be pre-ordered from the end of April.
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