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Bitcoin open interest hit five-week highs while funding rates mimicked the BTC price collapse below $60,000, leading analysis to predict a new short squeeze. Bitcoin (BTC) is due a classic “short squeeze” as open interest hits five-week highs, says new analysis. Key points: Bitcoin is seeing a combination of rising open interest and negative funding rates. Read more
The comments followed recent reports that law enforcement officials retrieved deleted Signal messages through device push notification logs. Pavel Durov, the co-founder of the Telegram messaging application, said that push notifications create a persistent, critical vulnerability to user privacy, allowing data retrieval even after messages and messaging applications that allow push notification data storage have been deleted from a device. Durov cited a recent report, originally published by 404 Media, that the United States Federal Bureau of Investigation (FBI) was able to retrieve deleted messages from a Signal user by accessing device notification logs on an Apple iPhone. Durov said on Friday: Cointelegraph reached out to Signal about the FBI’s data retrieval but did not receive a response by the time of publication. The recent reports highlight how investigators and those with sufficient technical skills can circumvent end-to-end encryption and breach user privacy by accessing metadata and other informat...
While some proponents believe AI will bring about an employment boom, so far its effect has been to dampen entry-level hiring while delivering mixed results on productivity. In March, the US jobs market recorded 178,000 new jobs, marking little change from the month before, according to the Bureau of Labor Statistics. The anemic growth in job listings comes amid volatile policy swings from the White House, increased energy prices due to the US and Israel’s war with Iran and, according to recent research, AI disruptions to the labor market. Proponents of AI and large language models have claimed that the tech will bring about an economic boom, thanks to the promise of efficiency breakthroughs. Read more
Crypto’s transparent ledger makes sanctions evasion easier to trace, allowing authorities to track and potentially freeze illicit flows. Shipping firms that turn to cryptocurrency to pay potential transit fees to Iran could face significant sanctions exposure, according to Kaitlin Martin, senior intelligence analyst at Chainalysis. Martin told Cointelegraph that under the current sanctions framework, any payments made to the Iranian regime, including those tied to passage through key waterways, could be interpreted as “material support,” putting companies at risk of violating US and international restrictions. “Doing so could carry significant sanctions violation risk, as the Iranian Revolutionary Guard Corps is sanctioned by multiple jurisdictions and Iran is subject to comprehensive sanctions by the United States,” she said. Read more
WLFI fell to a record low after it was revealed that the project used billions of its own tokens as collateral to borrow $75 million in stablecoins. WLFI, the native token of the Donald Trump–backed World Liberty Financial platform, sank to an all-time low on Saturday as crypto users expressed concerns after revelations that the project used a large amount of its own tokens to take out loans. The token hit a new low of around $0.07714 on Saturday, down 83% from its peak of $0.46 reached last September, according to data from CoinMarketCap. WLFI is currently at $0.07879, down by 4.66% over the past day. The downturn came after it was revealed that wallets linked to World Liberty Financial deployed substantial WLFI holdings as collateral on Dolomite, a decentralized lending platform co-founded by the project’s chief technology officer, Corey Caplan. Read more
A federal judge in Arizona has temporarily barred state officials from enforcing gambling laws against Kalshi, siding with the CFTC. A federal judge in Arizona has temporarily barred state officials from enforcing gambling laws against Kalshi, siding with US regulators in a growing dispute over how event-based trading products should be classified. In an order issued on Friday, Judge Michael Liburdi of the US District Court for the District of Arizona granted a request from the Commodity Futures Trading Commission (CFTC) and the federal government to halt any state-level action targeting contracts listed on CFTC-regulated markets . The ruling centers on whether Kalshi’s “event contracts” fall under federal derivatives law or state gambling statutes. Last month, Arizona authorities sought to pursue enforcement against Kalshi under local gambling rules, but the CFTC asked a court order on Wednesday to stop the action. Read more
Bitwise added the ticker $BHYP and a 0.67% management fee in its latest filing, signaling a potential launch soon, according to Bloomberg's senior ETF analyst. Bitwise Asset Management has reportedly taken a key step toward launching its proposed spot Hyperliquid exchange-traded fund, filing a second amendment with the US Securities and Exchange Commission. In an X post on Friday, Bloomberg senior ETF analyst Eric Balchunas highlighted that Bitwise had updated its Hyperliquid ETF to include the ticker $BHYP and had also set a management fee of 0.67% (67 basis points). According to Balchunas, the filing of these details generally indicates that the product will "launch soon." Read more
Technical and onchain indicators hint at a possible trend reversal in XRP price as traders watch to see if a key support level holds. XRP (XRP) has been in an eight-month downtrend, with momentum and onchain indicators at levels that previously coincided with macro bottoms. Data from TradingView reveals that the relative strength index (RSI) of the XRP/BTC ratio is at 24, the most oversold level since October 2025. Such low levels in the daily RSI have marked market bottoms for the ratio, ultimately leading to 65% to 345% XRP price breakouts against Bitcoin as seen late 2024 and 2025. Read more
The CFTC’s task force includes five members with legal and crypto backgrounds to help "clear rules of the road for American innovators." The US Commodity Futures Trading Commission has unveiled the first members of its new innovation task force as the agency continues its push to provide greater clarity for the crypto market. The Innovation Task Force was initially launched by CFTC Chairman Mike Selig on March 24, who appointed Michael Passalacqua as the leader of the group. Passalacqua is currently the senior advisor to Selig at the CFTC. In an announcement Friday, the CFTC said that Passalacqua will be joined by a list of five initial members including Hank Balaban, a former Latham & Watkins crypto lawyer; Sam Canavos, an ex-Patomak crypto and prediction markets advisor; Mark Fajfar, a CFTC legal veteran; Eugene Gonzalez IV, an ex-Sidley blockchain lawyer; and Dina Moussa, a CFTC Market Participants Division special counsel. Read more
Alex Thorn, an executive at crypto investment firm Galaxy, said it is monitoring onchain activity for signs of an oil tanker fee paid in BTC. The Bitcoin (BTC) community is discussing the feasibility and implications of the Iranian government accepting BTC for tolls paid by oil tankers crossing the Strait of Hormuz, a critical shipping lane through which about 20% of the global oil supply passes. The reactions were sparked by a Financial Times report, published on Wednesday, which said that the Iranian government was considering BTC payments for oil tolls to avoid sanctions imposed by the United States. Several conflicting reports have been published since the Financial Times article, which suggest that the tolls are payable in stablecoins or Chinese yuan, according to Alex Thorn, the head of firmwide research at crypto investment firm Galaxy. Read more
The 10-day lunar flyby mission is expected to end in a splashdown landing in the Pacific Ocean on Friday evening. Users on the prediction markets platform Kalshi are using the platform’s event contracts to bet on the aftermath of the Artemis II mission, NASA’s first manned spacecraft to the Moon in more than 50 years. As of Friday, several event contracts related to a Moon landing were available on the Kalshi and Polymarket platforms, but many users were taking positions on what would be said at NASA’s news conference following the splashdown. With just over $4,000 in volume on the event contracts, Kalshi users anticipate that NASA officials will mention the words “president” or “prime minister,” “radiation,” and “damage” in connection with the Moon mission. Read more
CoreWeave said the agreement means it now serves nine of the 10 major developers of large language models for artificial intelligence. CoreWeave, a publicly traded AI cloud infrastructure company, announced on Friday a “multi-year” agreement with AI developer Anthropic, which will use CoreWeave’s cloud computing data centers for its Claude AI model workloads. The agreement will be rolled out in phases, with the “potential to expand over time,” according to CoreWeave’s announcement. Shares of CoreWeave surged more than 12% on Friday and are trading at $102.73 at the time of writing. Read more
Iran may require oil tankers to pay BTC tolls through the Strait of Hormuz, signaling a new use case for crypto as geopolitical tensions reshape global trade routes. Bitcoin is emerging as a potential component in the fragile ceasefire that is taking shape between the United States and Iran after a 39-day conflict disrupted the region and forced the closure of the Strait of Hormuz. Tehran is unlikely to relinquish its grip on the narrow trade artery that handles roughly 20% of global crude oil flows. Instead, it plans to manage transit alongside Oman, collecting tolls from vessels seeking safe passage. And that’s where Bitcoin (BTC) comes into play. Those payments may not be limited to traditional currencies. Hamid Hosseini, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, told the Financial Times that certain ships could be required to pay in BTC for safe passage of their oil cargo. Read more
Technical analysis, overhead supply awaiting absorption, and a shift in investor sentiment have increased the likelihood of Bitcoin reaching $80,000 in April. Bitcoin (BTC) extended its bullish run into the Wall Street open on Friday, rallying above $73,000. Traders now eye a move back toward $80,000 by the end of April, as several indicators point to bulls retaking control of the crypto market. On Tuesday, Bitcoin invalidated what initially appeared to be a bear pennant on the daily chart. Related: Old Bitcoin whales sold $271M in BTC: Is crypto rally at stake? Read more
The public statement came about three months after the CEO said Coinbase could not support the crypto bill “as written“ before a crucial committee vote. Brian Armstrong, the Coinbase CEO who withdrew the crypto exchange’s support for the Digital Asset Market Clarity Act in January, said “it’s time” for the legislation to pass after months of delays. In a Thursday X post, Armstrong said that Coinbase agreed with comments from US Treasury Secretary Scott Bessent in a recent Wall Street Journal op-ed, in which he urged Congress to act on the crypto bill soon. According to the CEO, the current version of the legislation, after months of negotiations between lawmakers and representatives from the crypto and banking industries, was a “strong bill.” “It's time to pass the Clarity Act,” said Armstrong. Read more
Bitcoin bulls spent the week stampeding toward a critical overhead resistance level, which, if breached, could restart the bull market in BTC and altcoins. Key points: Buyers are attempting to push Bitcoin toward the $76,000 level but are facing significant selling from the bears. Several major altcoins are likely to pick up momentum if they break above their overhead resistance levels. Read more
Bitcoin holding above $72,000, along with a sharp uptick in whale activity, suggests traders may target the supply zone at $88,000. Mirroring a breakout setup from Q2 2025, Bitcoin (BTC) is now eyeing a possible rally toward the $86,000–$90,000 range over the next few weeks. The bullish view is supported by robust Bitcoin whale activity and large BTC inflows to exchanges, which have dropped by $5 billion over the past two months. Bitcoin reached a weekly high of $73,255 on Friday after testing the $72,000 level earlier in the week, with the price compressing between $70,000 and $72,000 over the past four days. The higher price range is showing more stability for BTC than in March, when BTC quickly corrected after reaching the key level. Read more
Although US inflation was weaker than expected in March, the ongoing war between the United States, Iran and Israel has fueled macroeconomic uncertainty. The United States Bureau of Labor Statistics (BLS) published the Consumer Price Index (CPI) data for March, showing a 0.9% month-over-month rise in headline CPI inflation. CPI inflation is up 3.3% year-over-year, according to the BLS report published Friday. Although inflation came in slightly lower than analyst expectations, inflation remains elevated above the Federal Reserve’s 2% target. A surge in energy prices from the Iran war drove March’s inflation figures, with the energy index rising by nearly 11%, led by a 21.2% rise in gasoline prices, the BLS report said. Read more
TAO drops 30% from its weekly high, confirming fractal setups that projected deeper downside targets for the token in the past. Bittensor’s TAO token may drop by up to 45% in the coming weeks as Covenant AI, one of its top subnet operators, publicly announced its full exit from the ecosystem. Key takeaways: Covenant AI accused Bittensor of being centralized, leading to a 30% drop in TAO prices. Read more
Bitcoin saw a fresh attempt to hit new local highs on the back of lower-than-expected US CPI data, despite a giant gas-price increase. Bitcoin (BTC) tagged $73,000 following Friday’s Wall Street open as crucial US inflation numbers came in below expectations. Key points: Bitcoin edges higher as US CPI data remains slightly below market expectations. Read more9099 items