Crypto

A major pump to $0.50 or a dump to $0.12: what's next for PI this month?

Polkadot bridge protocol Hyperbridge said losses from this week's hack were 10x worse than originally reported, tallying about $2.5 million.

The Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April. Stablecoin issuer Tether, the company behind USDt (USDT), said Thursday it will back a $150 million recovery program for the Drift Protocol decentralized exchange (DEX) following an exploit of the platform in April. The recovery plan for the $280 million Drift Protocol exploit includes $127.5 million from Tether, with the rest coming from undisclosed partners, according to Tether’s announcement. Tether said: The Drift Protocol platform will “contribute directly” to the ongoing recovery of user funds as the platform resumes normal trading activity.  Read more

Tokenized assets are moving from concept to portfolio allocation. Learn how compliance architecture and institutional movement are redefining risk and opportunity for advisors.

BitMEX Proposes 'Canary Fund' in Bitcoin Quantum Debate The post BitMEX Proposes ‘Canary Fund’ Alternative in Bitcoin Quantum-Security Debate appeared first on Cryptonews.

The $75,000-$76,000 range has proven to be stiff resistance as bitcoin attempts to claw back this year's losses.

Elite French police rescued a mother and child after kidnappers targeted the family's crypto wealth in the latest “wrench attack.”

The new regulations revealed by the Financial Conduct Authority include several technical traps which crypto software providers need to watch for to avoid sanctions

Social media company Snap is restructuring operations to focus on profitability as AI tools reshape how teams work across key initiatives.

Naturally, most of the liquidated positions were longs.

Traditional equities like the S&P 500 are staging a historic comeback, shaking off weeks of geopolitical anxiety to chart new all-time highs. Yet Bitcoin, which has historically been a synchronized beneficiary of risk-on sentiment, is noticeably dragging its feet, leaving investors questioning what is missing from its narrative. The S&P 500 closed higher by 0.8% […] The post Why S&P 500’s $6 trillion melt up rally exposes Bitcoin amid range-bound weakness appeared first on CryptoSlate.

A new zero-knowledge-powered system enables shielded bitcoin transactions, reflecting a broader push across crypto to address the “privacy gap” keeping institutions off public blockchains.

UAE investors are buying the AI and tech dip, keeping exposure to software, chips and crypto as the Iran conflict stress-tests the Gulf’s bid to be a global tech hub. United Arab Emirates investors are leaning into the artificial intelligence sell-off rather than running from it, despite the regional conflict testing the Gulf’s ambitions to become a global hub for AI and digital assets.  New eToro data shared with Cointelegraph on Wednesday show users in the UAE boosted holdings of software and AI infrastructure names whose share prices fell sharply in the first quarter, suggesting they used the downturn to “buy the dip” rather than broadly de-risk. The pattern suggests UAE investors are staying exposed to long-term AI and digital-infrastructure themes even as the conflict raises fresh risks for data centers, logistics and cross-border technology build-outs in the Gulf. An April 13 report from Deutsche Bank said the shock is more likely to sharpen rather than derail demand for AI, cybersecurity and sovereign ...

"There'll be one capitulation event, like the FTX crash, before Bitcoin bottoms," the X user forecasted.

Ether Open Interest Jumps 26% as Rally Revives Leveraged ETH The post Ethereum Crypto Open Interest Just Hit $34 Billion in 24 Hours: Is a Breakout or a Liquidation Cascade Coming? appeared first on Cryptonews.

XRP trades at $1.4059, up 3.5% with $2.52B volume. Seven spot ETFs hold $959M AUM. Technical analysis flags sub-20% upside probability — here's what to watch. The post Ripple XRP ETFs Just Hit $959 Million in AUM — But the Chart Is Sending a Very Different Signal appeared first on Cryptonews.

Investors in the cryptocurrency Ponzi scheme OneCoin may finally get some relief through a Department of Justice program, some 12 years after the project launched. In the United States, victims of the $4 billion crypto Ponzi scam OneCoin are finally receiving compensation.  On April 13, the US Department of Justice said that $40 million in assets are available to anyone who purchased OneCoin between 2014 and 2019 and experienced a net loss. This program marks a milestone for OneCoin victims, most of whom had no recourse to get back what they lost, until now. Victims in the UK attempted a class action suit in 2024, but it fell apart when litigation funding was terminated. Read more

Australia’s A$24B digital asset opportunity hinges on regulation. Clear rules could drive tokenized markets, faster payments and institutional investment. Australia could generate A$24 billion, or about $17 billion, annually from digital assets and tokenized finance. But that opportunity depends on whether policymakers establish clear and supportive regulatory frameworks. Tokenization could transform financial markets by improving liquidity, automating settlement processes and expanding investor access to assets such as foreign exchange, equities, government debt and investment funds. Tokenized money, including CBDCs and stablecoins, could significantly reduce the cost and time of cross-border payments by minimizing reliance on traditional banking networks. Read more

The corrected filing details timeline, caveats and conditions tied to a potential Naver Financial IPO after the Dunamu share swap deal. South Korean tech company Naver and Upbit operator Dunamu said in a corrected filing that their planned share swap includes forming an initial public offering (IPO) committee for Naver Financial within one year of closing, outlining a path toward a future listing.  The disclosure, outlined in the corrected filing on Wednesday, said the companies would pursue a listing within five years, with a possible two-year extension. Naver said it plans to secure voting rights in Naver Financial so the fintech unit remains a consolidated subsidiary after the deal. The filing suggests the deal goes beyond a simple ownership change, outlining a structure that could eventually bring Upbit’s parent under a listed fintech group. The move indicates Naver and Dunamu are positioning any future South Korea listing at the fintech-parent level rather than through a standalone listing of Upbit’s par...

A Chinese professor's incendiary claim that Bitcoin was engineered by the CIA as a surveillance tool just as BTC is fighting for a breakout. The post Bitcoin is CIA Operation: Professor Jiang Believes appeared first on Cryptonews.