News linked to this event type.
Odaily Planet Daily reports: According to monitoring by Onchain Lens, Multicoin Capital has transferred 150,000 AAVE (worth approximately $14.9 million) to Galaxy Digital and BitGo for Over-The-Counter (OTC) trading. Subsequently, a portion of the funds was transferred to centralized trading platforms.Data shows that Multicoin Capital purchased 338,005 AAVE for approximately $73.94 million. It currently holds 188,005 AAVE, worth about $18.49 million, representing an unrealized book loss of approximately $40.54 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Garrett Jin (a Bitcoin OG ranked #10/#11) purchased 71,066 BNB from Binance, worth approximately $48.22 million. Onchain Lens data shows that within the past two weeks, Garrett Jin has deposited 577,896 ETH into Binance, valued at approximately $1.35 billion.
According to on-chain analyst Ember (@EmberCN), Multicoin Capital allegedly transferred 150,000 AAVE tokens (worth approximately $14.91 million) to Galaxy Digital and BitGo. Subsequently, these tokens were dispersed across centralized exchanges including Binance, OKX, Coinbase, and Bybit—potentially indicating an intent to sell. Previously, in November last year, Multicoin Capital accumulated 338,000 AAVE tokens at a price of $219 each. If sold at $99 per token, Multicoin Capital’s estimated loss on AAVE would exceed $40.56 million—a decline of roughly 55%.
JPMorgan analysts indicate that despite the overall recovery of the crypto market following the Iran conflict, Ethereum and other altcoins continue to underperform Bitcoin. This trend, which has persisted since 2023, may be difficult to reverse in the short term unless there is a significant improvement in network activity, DeFi, and real-world applications.The report points out that, based on spot ETF flows and institutional futures positions, Bitcoin has shown stronger recovery momentum than Ethereum. Spot Bitcoin ETFs have recovered approximately two-thirds of their previous outflows, while spot Ethereum ETFs have only recovered about one-third.Meanwhile, CME futures data shows that institutional investors have been more active in rebuilding their Bitcoin exposure, with Bitcoin futures positions nearly fully recovered. In contrast, Ethereum futures positions remain below previous levels. JPMorgan believes that without stronger on-chain fundamentals and real-world application support, ETH and altcoins are likely to continue underperforming relative to Bitcoin.
according to sources familiar with the matter, MetaMask developer Consensys has postponed its U.S. IPO plans to earliest this fall. The company originally planned to submit a draft S-1 filing with the SEC by the end of February, but market demand weakened due to the market downturn in February, macroeconomic uncertainty, and Bitcoin ETF outflows. Besides Consensys, Kraken and Ledger have also paused their IPO plans.Consensys completed a $450 million funding round in 2022 at a valuation of $7 billion. Additionally, BitGo, which was the first crypto company to go public in 2026, raised $213 million but has since seen its stock price drop 36% from its $18 offering price, reflecting the public market's cautious approach toward valuing crypto infrastructure companies.
BlackRock CEO Larry Fink stated that global demand for computing power is so immense that traders may one day be able to trade on computing power futures markets.
According to on-chain analyst ZachXBT (@zachxbt), the market capitalization of $LAB has recently surged to a $6 billion FDV, but serious issues lie beneath the surface: 1. Opaque token distribution: $LAB was co-founded by Vova Sadkov and Mark. Their prior project, Eesee ($ESE), faced criticism from investors. Platforms including CoinGecko, RootData, and CoinMarketCap provide conflicting data on LAB’s token distribution, with over 95% of the supply controlled by a small number of parties. 2. Unilateral amendment of terms: The team unilaterally extended the lock-up period for Legion’s public sale from three months to nine months. Additionally, multiple creators have reported delayed marketing partnership payments—some outstanding for several months—with no response from the team. 3. Opaque private loans: LAB privately offers loan agreements carrying a 7.5% monthly interest rate and a six-month term. The borrower is BVI shell company The Lab Management Ltd., signed by Vova Sadkov in his capacity as director; in case of default, repayment is to be made in LAB tokens at “market price.” 4. Anomalous on-chain fund movements: The borrower’s wallet (0xf09c) is identical to LAB’s public buyback wallet and exhibits on-chain linkages with another borrowing address (0x3185) associated with the Wildcat platform—suggesting related funds may have flowed into Vova’s personal exchange account. ZachXBT notes that $LAB
ZachXBT posted on X platform, stating that the wallet (0xf09c) of the LAB lending contract borrower is the same wallet used for public buybacks, and the funds have flowed to an exchange suspected to be personally controlled by Vova. Since January 2026, co-founder Mark has publicly sought OTC buyers, offering loans with a 5% monthly interest, as well as OTC parcels with a 60% discount and a 5-month lock-up period.The funding source for the LAB team's multi-signature signer address (0xcEA...eBC9) is linked to an insider involved in the RIVER manipulation incident. This insider had previously received over $12 million worth of RIVER tokens to two CEX deposit addresses. Between March and April, the insider deposited 226 million LAB tokens to Bitget, and recently withdrew 100 million tokens. An unknown market maker may be operating through Chinese exchanges.He pointed out that the team, market makers, and OTC buyers possess inside information, placing retail investors at a disadvantage. He called on Bitget, Binance, and Gate.io to freeze the profits obtained by insiders and redistribute them to users.
Odaily Odaily News Gate Research recently released its "April 2026 Cryptocurrency Market Review" report, indicating that the overall cryptocurrency market saw a volatile upward trend in April, with total market capitalization significantly higher than in March. BTC and ETH ETF trading volumes maintained high volatility overall. The report shows continued divergence in activity across major public chain ecosystems. Solana's daily transaction volume remained in the range of approximately 90 million to 110 million transactions, maintaining its leading position.Regarding trending sectors, the report notes that Pokemon TCG RWA has become one of the fastest-growing on-chain RWA sub-sectors, entering a second explosive growth phase in April. Major trading platforms saw monthly trading volumes exceed $220 million, with weekly revenue briefly approaching $6 million, setting new historical records. Meanwhile, Aave experienced its most severe liquidity crisis ever in April, with TVL outflows reaching tens of billions of dollars within a few days and net outflows exceeding $9 billion for the entire month.In terms of fundraising and security incidents, the Web3 industry completed 51 financing rounds in April, totaling approximately $834 million, with capital further concentrating on leading financial and infrastructure tracks. Among these, Payward ranked first for the month with a $200 million financing round. On the security front, Web3 security incidents in April resulted in losses of approximately $306 million, a month-over-month increase of about 858%, primarily driven by a single cross-chain infrastructure attack on Kelp DAO worth approximately $293 million. The report suggests that against the backdrop of a recovering market, on-chain activity and capital liquidity are both increasing simultaneously. However, the security risks associated with cross-chain infrastructure and high-leverage protocols remain worthy of continued attention.
According to CoinDesk, crypto platform Bullish (BLSH) reported its first-quarter 2026 results, with adjusted revenue of $92.8 million—below analysts’ expectation of $94.9 million—and adjusted EBITDA of $35.1 million—also below the expected $38 million. The company posted a net loss of $604.9 million, or $3.85 per share, representing a wider loss compared to the same period last year. Dragged down by sluggish digital asset trading activity, BLSH’s pre-market share price fell 7.9% to $38.51.
According to on-chain analyst Ai Aunt (@ai9684xtpa), the second-largest Sato address sold 374,000 Sato tokens 20 minutes ago, receiving 139.197 ETH in return, which was subsequently converted into USDT. The address’s average purchase cost was $1.4157, while its average selling price was $0.8393, resulting in a total loss of approximately $215,000. This large-scale sale caused Sato’s price to briefly drop to $0.7625 before rebounding to $0.9328.
According to on-chain analyst Onchain Lens (@OnchainLens), the whale address 0xf25 has opened a long position of 1.79 million $TON on Hyperliquid with 2x leverage, valued at approximately $4 million.
According to Onchain Lens monitoring, a whale has opened a long position of 1.79 million TON with 2x leverage, worth approximately $4 million.
according to Lookonchain monitoring, a whale deposited 7.26 million USDC into Hyperliquid and placed limit orders through multiple wallets to buy HYPE at prices ranging from $30.88 to $35.88. Another address deposited 2.43 million USDC into Hyperliquid and bought 62,200 HYPE, worth $2.43 million.
According to the official announcement, Upbit will terminate trading support for NKN (NKN) on June 15 at 14:00, affecting the NKN/BTC trading pair. Users must withdraw their funds before July 16; otherwise, related assets will no longer be processable.
According to an official announcement, based on a recent review, the following tokens do not meet the Binance Alpha standards and will be removed from the selected list on May 14, 2026 at 06:00 (UTC): PRAI, COMMON, PINGPONG, TAKER, JANITOR, GATA, KLINK, CORL, SWTCH, ARIAIP, LONG, ZKWASM, GORILLA, ECHO, LITKEY, FIR, GM, DELABS, DONKEY, WHY. After removal, users can still withdraw or sell these tokens through Binance Alpha or the Binance wallet.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale purchased 69,308 HYPE tokens at an average price of $39.46, for a total value of approximately $2.74 million.
GoPlus Security reported that a user fell victim to a typical address poisoning attack: the user mistakenly sent 100,000 DAI to a spoofed address after copying a visually similar address from their transaction history. In this incident, the user had previously sent 300,000 DAI to the legitimate target address; the attacker then sent 0.0003 DAI to the user from a malicious address with characters nearly identical to the legitimate one—before and after the address—thereby tricking the user into selecting the wrong address during their subsequent transfer. GoPlus Security advises users not to copy wallet addresses from transaction history, always verify the full address before sending funds, and conduct a small test transaction prior to any large transfer.
According to data from Trader T (@thepfund), yesterday’s total net outflow for Bitcoin spot ETFs amounted to $630.38 million—the largest single-day net outflow in the past three months—while trading volume remained muted. Specifically, BlackRock’s IBIT recorded a net outflow of $284.68 million, Ark’s ARKB saw a net outflow of $177.10 million, Fidelity’s FBTC experienced a net outflow of $133.20 million, and Bitwise’s BITB had a net outflow of $35.40 million; all other products registered no inflows or outflows.
According to Trader T (@thepfund), yesterday’s Ethereum spot ETFs recorded a net outflow of $36.25 million. Specifically, BlackRock’s ETHA saw a net outflow of $21.1 million; Fidelity’s FETH, a net outflow of $14 million; and BlackRock’s staking product ETHB, a net outflow of $1.15 million. Bitwise’s ETHW, 21Shares’ TETH, Invesco’s QETH, Franklin’s EZET, VanEck’s ETHV, Grayscale’s ETHE, and Grayscale’s Mini ETH experienced no inflows or outflows.