News linked to both this project and an event.
Bitcoin slumped shortly after the US stock market opened, briefly breaking below the $79,000 mark, with a daily decline of approximately 3%, trading near its lowest level since May. Market consensus suggests this pullback is closely linked to the sell-off in risk assets triggered by a surge in US Treasury yields.Data shows that the yield on the 10-year US Treasury note rose above 4.55%, reaching its highest level in nearly a year, fueling concerns over tightening liquidity and a reassessment of risk assets. Analysts point out that this level previously triggered adjustments in US stocks and policy expectations last year, and is now once again serving as a key pressure signal.Trading firm The Kobeissi Letter stated that the "panic-driven rally" in the bond market is intensifying, with expectations for prolonged high interest rates growing. The market has begun pricing in the possibility of further rate hikes in the future, quickly cooling the previous "euphoria" in risk assets.From a technical perspective, analysts believe that after encountering multiple rejections from resistance above $82,000, Bitcoin's support structure is weakening. In the short term, it may retest the $75,000–$77,000 range, as the market enters a phase of range-bound trading and directional selection. (Cointelegraph)
21Shares' first US Hyperliquid ETF attracted $1.2 million in net inflows on its first trading day. (Cointelegraph)
although Bitcoin has retraced approximately 2.5% from its local high of $82,800 on May 6, market analysts widely believe its overall uptrend structure remains intact, and it has re-entered the "full bull market momentum" zone. Swiss wealth management firm Swissblock points out that Bitcoin has re-entered a price expansion zone, with the Bull Market Support Band turning into support. The 21-week EMA has crossed back above the 20-week SMA, shifting the trend structure back to bullish.Bitcoin is currently consolidating around the $80,000 level, where the "Realized Market Mean" and the short-term holder cost basis form key support, while the realized price near $85,000 represents overhead resistance. Spot buying pressure driven by whales and institutions is strengthening, while the proportion of speculative derivatives activity is declining. Historically, similar structural setups have often corresponded to sustainable uptrends. If this indicator remains persistently positive, it could further propel Bitcoin's upward cycle.On the liquidity front, the Stablecoin Supply Ratio (SSR) has rebounded from historical lows into a critical range, indicating stablecoin capital is flowing back into the market. This signal previously corresponded to阶段性底部反弹 (significant bottom bounces) in mid-2021, 2022, and mid-2023.Meanwhile, Binance's Stablecoin Supply Ratio Oscillator (SSR Oscillator) has risen to 2.8, hitting a 12-month high, demonstrating a notable increase in stablecoin purchasing power. On-chain activity is also strengthening. Bitcoin's daily transaction volume increased by 116% in May to 831,400 transactions, a 20-month high; the number of active addresses grew 7.1% week-over-week to 707,700; and total fees rose 37% to $279,300, indicating significantly heightened network usage activity. Regarding capital structure, the 90-day spot Taker CVD has turned consistently positive, suggesting spot buying is dominating the market. Glassnode data shows this indicator has further increased to $62 million compared to a week earlier, reflecting a strengthening of active buying sentiment in the market.In summary, price structure, liquidity indicators, and on-chain demand all indicate that Bitcoin remains in a "strong trend expansion phase," with the bull market momentum not yet exhausted. (Cointelegraph)
According to Odaily, the latest 13F filing from Wells Fargo reveals that in the first quarter of 2026, the bank increased its holdings in multiple Ethereum spot ETFs, including BlackRock's ETHA and Bitwise's ETHW.Specifically, the ETHA position rose from approximately 672,600 shares in Q4 2025 to around 1.1 million shares, an increase of about 63.5%; while the ETHW position increased from roughly 186,800 shares to 257,000 shares, a gain of approximately 37%. As of the end of Q1, the total value of Wells Fargo's ETH ETF holdings stood at about $21.5 million.In contrast, its Bitcoin ETF holdings showed a divergence: the IBIT position declined slightly, while positions in BITB and the Grayscale Bitcoin Mini Trust ETF increased by approximately 24% and 41%, respectively. Currently, IBIT remains its largest crypto ETF holding, valued at around $250 million.Additionally, Wells Fargo made significant adjustments to its crypto-related stock portfolio, reducing its Galaxy Digital position by approximately 97%, while increasing its Strategy (formerly MicroStrategy) holdings from about 322,700 shares to 726,000 shares—a surge of roughly 125%. (Cointelegraph)
According to Cointelegraph, the U.S. Department of Justice revealed that Elijah Armstrong, Nino Chindavanh, and Jayden Rucker have been charged with home invasions and kidnappings targeting cryptocurrency holders in the San Francisco and Los Angeles areas, involving at least $6.5 million. Prosecutors stated that the three individuals posed as delivery personnel to forcibly enter residences and used violence to threaten victims into surrendering their cryptocurrency wallet seed phrases. The indictment indicates that, between November 22 and December 31, 2025, at least four individuals were targeted, with one victim coerced into transferring $6.5 million worth of cryptocurrency.
According to Cointelegraph, overseas investors are flowing into the U.S. stock market at a record pace, with their equity allocation reaching 63%. This level is double that seen after 2008 and exceeds the peak of the dot-com bubble, indicating that overseas capital’s allocation to the U.S. stock market has reached a historical high.
Odaily News Over the past year, the ETH/BTC trading pair has cumulatively fallen by more than 35%, with the market structure continuously weakening, raising concerns about further downside risks. Analysts point out that the ETH/BTC trend remains suppressed by a multi-year descending trendline, a structure that has repeatedly capped rebounds since 2022 and was accompanied by a nearly 70% correction during the 2024–2025 market cycle.Currently, after attempting a rebound in August 2025 to the confluence zone of the 0.382 Fibonacci retracement level and the 50-month moving average, ETH/BTC was rejected and has subsequently broken below support at the 20-month moving average, indicating sustained selling pressure dominance. Technical models suggest that if this weakness persists, the next key support level could be around 0.0176 BTC, representing approximately 40% downside from current levels and approaching the cycle low area of 2020.On-chain data shows that ETH reserves on Binance have continued to rise, reaching approximately 3.62 million coins as of May, accounting for about 24.6% of the total exchange holdings across the network, signaling increased potential selling pressure. In contrast, Bitcoin exchange reserves have continued to decline, reflecting tightening BTC liquidity and stronger holding sentiment.The analysis suggests that this divergence in data reinforces ETH's relatively weaker market structure. Meanwhile, at the narrative level, the "ultra-sound money" narrative surrounding Ethereum has cooled off, while Bitcoin continues to benefit from institutional allocation and corporate treasury demand, placing ETH under pressure from both capital flows and market narrative. (Cointelegraph)
Bitcoin held above the $80,000 mark over the weekend, with no further significant decline in the market for now. However, market analysts believe that the short-term correction is not yet over. Cryptic Trades stated that current low-timeframe charts indicate that after encountering resistance near a high-timeframe resistance level, BTC is more likely to retest the "Bull Market Support Band" in the short term, which consists of two key moving averages located below $80,000. As long as BTC can hold this support band and the high-timeframe support zone around $75,000, the subsequent trend still leans towards an upward move.Additionally, some market analysis points out that Bitcoin's previous breakout above the bull market support band was "not clear-cut," and the market needs to consolidate firmly above the lower $80,000 region for one to two weeks to confirm a strengthening trend. (Cointelegraph)
According to Cointelegraph, Coinbase has been sued in a U.S. federal court in California over frozen funds linked to a $55 million DAI phishing theft that occurred in 2024. The plaintiffs allege that some traceable stolen funds—after being mixed via Tornado Cash—were deposited into Coinbase retail user accounts and remain frozen. Coinbase states it can only release the assets after a court rules on their ownership. The complaint also links the theft to the malicious wallet drainer platform Inferno Drainer. Victims had engaged Zero Shadow and Five Stones Intelligence to track the stolen funds.
Odaily, March 11 – Kraken has partnered with MoneyGram to enable users in over 100 countries to withdraw cryptocurrencies into fiat cash. (Cointelegraph)
According to Cointelegraph, U.S. law firm Gerstein Harrow LLP has filed an application with the U.S. District Court for the Southern District of New York seeking a temporary restraining order and three writs of execution to prevent the Arbitrum DAO from transferring 30,766 ETH (valued at approximately $73 million) frozen following the Kelp vulnerability. The firm argues that its clients obtained default judgments against North Korea in U.S. courts in 2010, 2015, and 2016, entitling them to roughly $877 million in compensation—and contends that the stolen ETH constitutes North Korean-linked assets that should be used to satisfy those judgments. Kelp DAO suffered a $292 million hack on April 18; the attacker was identified as TraderTraitor, a subgroup of the North Korean state-sponsored hacking group Lazarus Group. Aave Labs previously proposed unfreezing the seized funds and transferring them into the “DeFi United” fund to compensate rsETH holders—but this legal action by Gerstein Harrow may significantly delay compensation for victims. Members of the Arbitrum DAO community have criticized the move, arguing it shifts the burden of North Korea’s debts onto another set of victims, thereby exacerbating the original harm. Gerstein Harrow had previously pursued litigation related to the 2023 Heco Bridge hack involving Teth
Nobitex, Iran's largest cryptocurrency exchange, was founded by members of the Kharrazi family, who have close ties to Iran's supreme leadership. Investigations show the exchange was created by brothers Ali and Mohammad Kharrazi, who previously used the surname "Aghamir" to conceal their connection to the Kharrazi family. This family has long-standing, deep ties to Iran's political core, including historical links to Ali Khamenei and his successors.The report indicates that Nobitex currently serves over 11 million users, dominates the Iranian crypto market, and has continued operating throughout conflicts between Iran, the United States, and Israel, even processing transactions during nationwide internet blackouts. Analysts say its trading volume exceeded $100 million during wartime, with significant funds flowing overseas.Additionally, multiple on-chain analytics firms point out that the platform has processed transactions linked to sanctioned entities, with estimated volumes ranging from $22 million to $366 million. Other data shows that wallets associated with the Central Bank of Iran transferred hundreds of millions of dollars worth of crypto assets to Nobitex in 2025, allegedly to circumvent financial sanctions. Nobitex denies any connection to the government, stating that illegal transactions represent only a small fraction of its overall business. (Cointelegraph)
Odaily Odaily News, Michael van de Poppe, founder of MN Trading Capital, stated that Bitcoin's return to the $100,000 mark may not require a new market narrative to drive it; narratives will naturally form after the price increases. He pointed out that the current market focus has shifted to areas such as AI, putting relative pressure on Bitcoin's short-term performance. However, from a mathematical and statistical perspective, the current price range still holds accumulation value.Data shows that Bitcoin has not been above the $100,000 mark for nearly five months. The price has recovered from a low of around $60,000 in February this year to approximately $78,000, with a gain of about 14.49% over the past 30 days. The market is broadly focused on potential catalysts such as the Federal Reserve's interest rate policy, regulatory progress, and capital inflows into Bitcoin spot ETFs. However, some argue that even if the U.S. CLARITY Act is implemented, its direct impact on Bitcoin's price will be limited. (Cointelegraph)
Andre Cronje stated most current decentralized finance (DeFi) protocols no longer qualify as "DeFi in the strict sense" and are closer to commercial systems operated by teams. This has sparked industry division over whether "circuit breakers" should be introduced to mitigate attack risks.In an interview, Andre Cronje pointed out that early DeFi centered on immutable smart contracts, but today many protocols rely on upgradeable contracts, multi-signature permissions, off-chain infrastructure, and manual operational processes. In essence, they have transitioned from "immutable public goods" to "operable, for-profit businesses." He noted that against the backdrop of recent security incidents, including DeFi attacks involving approximately $280 million and $293 million, industry risks have expanded from simple smart contract vulnerabilities to "Web2-style risks" such as infrastructure issues, permission controls, and social engineering attacks.Regarding risk management, Cronje's firm Flying Tulip recently introduced circuit breakers that delay or queue withdrawals during abnormal fund outflows, providing an emergency response window of about six hours to prevent systemic bank runs and further losses.However, this mechanism has also sparked controversy. Michael Egorov believes that circuit breakers may introduce new centralized attack surfaces. If controlled by signers or administrators, they could instead become new security vulnerabilities or sources of freezing risk. He emphasized that DeFi design should minimize human intervention rather than increase manual control points. Industry analysts pointed out that this debate essentially reflects how DeFi is shifting from the ideal model of "code is law" toward a practical architecture of "hybrid governance plus operational control," while the security boundaries are being redefined. (Cointelegraph)
According to Cointelegraph, Flying Tulip—a decentralized finance platform founded by Andre Cronje—has implemented a withdrawal circuit breaker mechanism. This mechanism delays or queues withdrawals during abnormal capital outflows, thereby limiting potential losses and buying time for the team to investigate. The mechanism operates differently across products: for the Perpetual PUT product, withdrawals may be reverted, requiring users to retry later; for ftUSD, withdrawals are queued and can be claimed after a delay. Flying Tulip states that this mechanism follows a “fail-open” design—meaning transactions continue to execute even if the safety mechanism fails.
According to Cointelegraph, publicly listed Bitcoin mining companies collectively sold over 32,000 BTC in Q1 2026—exceeding their total sales for all of 2025 and setting a new quarterly record. Data from TheMinerMag indicates that the relevant companies include MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer. The report also notes that the current miner hash price stands at approximately $33 per PH/s per day—below the breakeven level of roughly $35 per PH/s per day for some mining firms. Additionally, according to CryptoQuant data, Bitcoin miners’ reserves have declined from over 1.86 million BTC in 2023 to approximately 1.8 million BTC.
Odaily News Cointelegraph posted on platform X, stating that Morgan Stanley's Bitcoin Trust has accumulated net inflows exceeding $103 million within just 6 trading days since its launch, surpassing the net inflows of WisdomTree's Bitcoin Fund.
Odaily News According to a CryptoQuant report, Bitcoin is facing "short-term selling pressure" after rebounding above $76,000. Data shows that during Tuesday's price increase, the amount of Bitcoin flowing into exchanges surged significantly, with hourly inflows once rising to 11,000 BTC, the highest level since December last year.CryptoQuant pointed out that the increase in the scale and speed of exchange inflows has historically been seen as a key early warning signal for short-term selling pressure, indicating that some holders are transferring assets to exchanges in preparation for selling. Meanwhile, the average single deposit size rose to 2.25 BTC, hitting a new high since July 2024 and approaching levels seen before the market peaked in January this year.In terms of price action, TradingView data shows that Bitcoin on Coinbase once touched $76,052, reaching a new high since early February. However, the report suggests that as the price approaches the realized price of $76,800, this level could become a ceiling for the rebound, as investors near their break-even point may be inclined to sell, thereby limiting further upside.Furthermore, the current profit-taking is still in its early stages, with daily realized profits around $500 million, which is below the $1 billion threshold typically associated with interim tops. If the price rises further into the $76,000 to $76,800 range, the scale of profits could expand, thereby intensifying selling pressure and increasing the probability of a pullback or consolidation. (Cointelegraph)
According to Cointelegraph, Ethereum’s price has stabilized above $2,300 following a recent rebound, while ETH futures open interest has risen to $2.54 billion—indicating growing demand for leveraged positions. Meanwhile, U.S.-listed spot Ethereum ETFs recorded net inflows of $248 million over the past 10 days, and Bitmine Immersion disclosed its purchase of $312 million worth of ETH. However, ETH perpetual contract funding rates have failed to sustain levels above 5% and have repeatedly dipped below zero—suggesting limited market confidence in this rally. Additionally, weekly DApp revenue on Ethereum has declined from $24 million in early February to $11 million, with weakening network activity and intensifying competition among public blockchains potentially continuing to weigh on ETH’s price trajectory.
According to Cointelegraph, Crypto.com has reached a definitive agreement with online casino company High Roller Technologies to officially enter the prediction markets sector. This partnership will enable Crypto.com to offer event-based prediction market services to U.S. users via the CFTC-registered CDNA exchange. High Roller stated that the collaboration establishes a strong foundation for both parties in the prediction markets space. Analysts project that the prediction markets sector could reach $1 trillion by 2030, driven by growing demand for contracts tied to economic, business, and political events. Following the announcement, High Roller’s stock (ROLR) on the New York Stock Exchange doubled to $10.77. Prediction markets continue to face legal challenges in multiple jurisdictions, while relevant authorities are actively advancing regulatory compliance efforts.