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blockonomi.com Bitcoin Bottom Likely In, Says Analyst as On-Chain Data and Institutional Flows Converge

TLDR: Bitcoin’s MVRV ratio dropped to 1.36, the lowest reading recorded since the 2023 bear market cycle. Morgan Stanley launched a Bitcoin ETF, opening a new distribution channel for sidelined wealth management clients. A DOL proposed rule could unlock 401(k) crypto access, potentially routing $120B from $12T in retirement assets. Global M2 hit $117.5T with [...] The post Bitcoin Bottom Likely In, Says Analyst as On-Chain Data and Institutional Flows Converge appeared first on Blockonomi.

blockmanity.com South Korea’s Q4 Blockchain Breakthrough: Testing Deposit Tokens to Streamline Government Spending

In a major step toward modernizing public finance, South Korea is set to launch a pilot program in Q4 to test for government spending. This initiative by the Ministry of Economy and Finance aims to make handling Treasury funds faster, […] The post South Korea’s Q4 Blockchain Breakthrough: Testing Deposit Tokens to Streamline Government Spending appeared first on Blockmanity.

bitcoinist.com Binance Founder CZ Says Biden Admin Wanted To ‘Make An Example’ Of Him

Binance founder Changpeng Zhao has discussed his prison sentence and presidential pardon, claiming that the Biden administration wanted to send a message to the crypto industry with his case. Related Reading: UK Lawmaker Calls For Probe Into Nigel Farage’s Crypto Ties After $2.7M Stack BTC Promotion Biden Admin Crackdown Led CZ To Prison On Tuesday, […]

forklog.media Bitdeer Surpasses MARA in Bitcoin Mining Capacity

The mining company Bitdeer has expanded its cryptocurrency mining capacity to 69.5 EH/s, marking a 504% increase over the year.  $BTDR March 2026 Operations Update:🔹Self-mining #hashrate of 69.5 EH/s (⬆️ 504% Y/Y), with 661 $BTC mined (⬆️ 480% Y/Y)🔹#SEALMINER A4 series launched with efficiency of ~9.45 J/T🔹#AICloud ARR reached ~$43M (⬆️ 105% M/M) as demand for #AI agent workloads grows… pic.twitter.com/3fjMX4KE0R— Bitdeer (@Bitdeer) April 15, 2026 In March, the firm mined 661 BTC, a 480% increase from the previous year. Bitdeer operates approximately 262,000 mining rigs, of which 225,000 are owned by the company.  The company's global energy capacity, including projects under development, has reached 3 GW. Market Position The total hashrate managed by Bitdeer has risen to 78.1 EH/s, encompassing both its own equipment and hosted machines. The nearest competitor, MARA, has a capacity of 66.4 EH/s, while CleanSpark stands at 47.3 EH/s.  The company is ramping up production of ASIC miners: the flagship SEALMINER A4 series with an energy efficiency of ~9.45 J/TH has already hit the market. In March, Bitdeer also introduced the SEALMINER DL1 Air for mining Litecoin and Dogecoin using the Scrypt algorithm. Simultaneously, the firm is scaling its AI division. The load level of the AI Cloud service increased from 64% to 94%, with annual revenue reaching approximately $43 million, a 105% rise over the month. “This dynamic demonstrates both the scale of market opportunities and our ability to effectively provide high-performance infrastructure for artificial intelligence,” commented Bitdeer's Chief Operating Officer Matt Kong. Other Players Meanwhile, miner CleanSpark reported mining 658 BTC in March. Since the beginning of the year, the company has accumulated 1,799 BTC.  The operational hashrate at the end of last month reached 50 EH/s. Its fleet of 224,473 rigs achieved peak efficiency of 16.07 J/TH, and the average monthly capacity increased by 11%.  The firm controls over 1.8 GW of capacity, with 808 MW already operational. CleanSpark is actively expanding beyond bitcoin mining. The company's CEO, Matt Schultz, noted that they have “made significant progress in attracting their first hyperscale client in AI and high-performance computing.”  Canaan mined 89 BTC in March. The miner's crypto reserves reached a record 1,808 BTC and 3,952 ETH.  The company's deployed hashrate stands at 10.97 EH/s. An additional 4.4 EH/s is generated by a joint venture acquired from Cipher Mining — in February, Canaan purchased 49% of its partner in three Texas facilities. Sales Major miners continue to sell bitcoin amid challenging industry conditions. According to CryptoQuant, since the start of the current cycle, their combined balances have fallen from 1.862 million to 1.801 million BTC. Net sales amounted to approximately 61,000 BTC. Miner Reserves Declining.Since the start of this cycle, miner reserves fell from ~1.862M BTC to 1.801M BTC, a net sell of ~61K BTC.Verified selling: • Riot Platforms: 4,026 BTC • Marathon Digital: 13,210 BTC • Core Scientific: 1,992 BTCSimultaneously, AntPool miner… pic.twitter.com/xg9wrLshuH— CryptoQuant.com (@cryptoquant_com) April 16, 2026 The largest number of coins was sold by MARA Holdings — 13,210 BTC. Riot Platforms and Core Scientific sold 4,026 BTC and 1,992 BTC respectively.  Meanwhile, experts have noted an increase in the balances of the AntPool mining pool.  Earlier in the first quarter of 2026, bitcoin's hashrate declined by nearly 6%. Experts attributed the drop to the shutdown of outdated equipment. 

blockonomi.com Bittensor Proposes Locked Stake Mechanism to Strengthen Subnet Governance

TLDR: Bittensor’s Conviction Mechanism locks stake over time, creating a verifiable metric for long-term holder commitment. Subnet ownership becomes competitive under the proposal, replacing static control with conviction-based voting rights. Initial rollout targets mature subnets 3, 39, and 81, with new subnets receiving a grace period before rules apply. Bittensor’s long-term vision uses locked stake [...] The post Bittensor Proposes Locked Stake Mechanism to Strengthen Subnet Governance appeared first on Blockonomi.

news.bitcoin.com Pakistan Reopens Banks to Crypto: A Look at What Changed

Pakistan has ended one of the longest-running banking prohibitions in global crypto. On April 14, 2026, the State Bank of Pakistan issued BPRD Circular Letter No. 10 of 2026, allowing licensed banks to open and maintain accounts for Virtual Asset Service Providers holding a valid No Objection Certificate or full license from the Pakistan Virtual […]

forklog.media CryptoQuant Analysts Warn of Profit-Taking Risk in Bitcoin

The rally of the leading cryptocurrency to $75,000 is accompanied by an increasing risk of profit-taking. Several on-chain indicators suggest mounting pressure from sellers, noted Julio Moreno, head of research at CryptoQuant.  Bitcoin hit $76K resistance, and exchange inflows surged.~11K BTC/hour moved to exchanges, the highest since Dec 2025 and above the March spike that preceded a pullback.Large holders are positioning to distribute into strength. Watch for selling pressure. pic.twitter.com/zcTHglIVnL— CryptoQuant.com (@cryptoquant_com) April 15, 2026 On April 14, the price of Bitcoin rose above $75,400 for the first time since early February. The growth was driven by the asset's undervaluation, a temporary easing of tensions between the US and Iran, and a weakening of the US dollar.  At the time of writing, the digital gold's rate had retreated to $74,700 but remains near the key level of $76,800 — the realized price for traders.  In a bear market, this mark serves as a strong resistance zone: as holders approach the breakeven point, they begin to sell coins, curbing further growth, the expert explained. Hourly chart of BTC/USDT on Binance. Source: TradingView.  “In January 2026, this band halted the rally in the bear market, and prices went down. The same could happen if sellers become active. If the resistance holds, the lower band at $67,600 will become support,” Moreno emphasized.  A Warning Sign  As Bitcoin's price rose, so did inflows to exchanges — up to 11,000 BTC per hour. This is the highest level since late December 2025. The analyst called the trend a “warning sign”: investors often transfer coins to trading platforms for subsequent sale. Moreno recalled that in March of this year, hourly inflows of 9,000 BTC with a concentration of large deposits at 63% preceded a short-term drop in the first cryptocurrency's rate.  According to CryptoQuant, the increase in exchange inflows is mainly driven by large holders. The expert noted that the average transfer size jumped to 2.25 BTC — the highest since July 2024. This is facilitated by large individual transfers to Binance exceeding 1,000 BTC. “This pattern was already observed in January when the average deposit reached nearly 2 BTC before Bitcoin's plunge from $100,000 to $60,000,” he added. The share of large deposits also sharply increased — from 10% to 40% of the total volume of inflows to exchanges over a few days. Historically, such figures coincided with an increase in short-term selling pressure, Moreno emphasized.  Not Yet at the Peak   The volume of profit-taking by market participants is still far from peak levels. The daily realized income is about $500 million — below the $1 billion threshold, which in bearish phases usually signals a surge in sales.  “If Bitcoin holds above $76,000 or breaks the realized price for traders at $76,800, daily realized profit could sharply rise to $1 billion and above. This would add pressure on sellers and increase the likelihood of a rally halt or reversal,” the expert concluded. Meanwhile, Glassnode noted that position closures are gaining momentum: the 30-day EMA of the realized profit/loss ratio is 1.16 — investors are selling on the rise.  Approaching the Ceiling$BTC holds ~$74K, ~5% below key $78K resistance. Spot and ETF demand improve, but profit-taking and cautious options positioning suggest a twitchy, flow-driven recovery lacking strong conviction.Read the full Week On-Chain👇https://t.co/hLPc8PkKss pic.twitter.com/wW110xUd89— glassnode (@glassnode) April 15, 2026 To sustainably consolidate above $78,100 (analysts call this level key resistance), the market will need to absorb this supply. Correction Potential is Limited  Meanwhile, Bitfinex analysts drew attention to the actions of large players: over the past 30 days, whales have accumulated 270,000 BTC. This is the highest figure since 2013. Simultaneously, exchange reserves of the first cryptocurrency have fallen to a multi-year low.  Whales accumulated 270,000 $BTC in 30 days, the largest buying spree since 2013.Exchange reserves are at their lowest since December 2017.The supply to meet new demand is shrinking 🤔 pic.twitter.com/F6Td5a5XcL— Bitfinex (@bitfinex) April 15, 2026 According to experts, the supply to meet new demand is shrinking. On one hand, this makes the market vulnerable to sharp movements — even a small volume of sales can cause significant volatility. On the other hand, the potential for a prolonged decline is limited: sellers will not have enough coins for sustained pressure on the price. Specialists at K33 identified signs of a Bitcoin reversal after 68 days of consolidation. 

bitcoinist.com Denmark’s Crypto Ownership Rate Among Lowest In Europe At 4%: Report

Denmark’s biggest bank only recently started letting customers buy into Bitcoin and Ether — and that may explain a lot. Related Reading: Crypto Gains Ally As Former CFTC Chair Becomes Full-Time Adviser Banks, Tax Rules Kept Many Danes On The Sidelines For years, Danish banks largely shut the door on crypto. Most refused to let […]

blockonomi.com Bitcoin Decouples from S&P 500 as Market Correlation Turns Negative Mid-Cycle

TLDR: A $19B leverage wipeout in October 2025 erased Bitcoin’s two-year correlation with the S&P 500 index. Bitcoin’s 30-day correlation with equities turned negative after open interest collapsed from $45B to $21.9B. Historical halving data shows Bitcoin recoveries begin 30 to 36 months after each halving event occurs. Bitcoin now trades as a standalone asset [...] The post Bitcoin Decouples from S&P 500 as Market Correlation Turns Negative Mid-Cycle appeared first on Blockonomi.

blockonomi.com Bitcoin Bottom Likely In, Says Analyst as On-Chain Data and Institutional Flows Converge

TLDR: Bitcoin’s MVRV ratio dropped to 1.36, the lowest reading recorded since the 2023 bear market cycle. Morgan Stanley launched a Bitcoin ETF, opening a new distribution channel for sidelined wealth management clients. A DOL proposed rule could unlock 401(k) crypto access, potentially routing $120B from $12T in retirement assets. Global M2 hit $117.5T with [...] The post Bitcoin Bottom Likely In, Says Analyst as On-Chain Data and Institutional Flows Converge appeared first on Blockonomi.

news.bitcoin.com Crypto Ownership in Denmark Flat at 4% Despite Global Hype

A new study by Danmarks Nationalbank reveals that cryptocurrency ownership in Denmark remained stable at 4% in 2025, matching 2023 levels. This figure, however, is slightly lower than previous estimates from the Ministry of Taxation, which placed ownership at 6% in 2024. Key Takeaways: Danmarks Nationalbank found 4% of Danes owned crypto in 2025, showing […]

blockonomi.com Crypto Hacks in 2026: $450M Lost Across 45 Protocols in Two Weeks

TLDR: Over $450 million has been lost across 45 crypto protocols in 2026, marking a severe industry-wide security breakdown. Smart contract bugs drained funds from Dango and Silo V2, proving audited code still carries exploitable vulnerabilities. Human-layer attacks on Kraken and Zerion show that insider threats and social engineering remain critical weak points. Infrastructure exploits [...] The post Crypto Hacks in 2026: $450M Lost Across 45 Protocols in Two Weeks appeared first on Blockonomi.

cryptobriefing.com Brad Setser: Taxes drive currency demand, the 1970s oil shock reshaped finance, and current oil supply shortfalls reveal market complexities | Odd Lots

Global oil supply shock reveals disconnect between physical disruptions and market price reactions, reshaping economic dynamics. The post Brad Setser: Taxes drive currency demand, the 1970s oil shock reshaped finance, and current oil supply shortfalls reveal market complexities | Odd Lots appeared first on Crypto Briefing.

forklog.media WLFI Holders Threaten the Project with Class Action

The team behind the DeFi platform World Liberty Financial (WLFI) has proposed extending the vesting period to four years. Investors have labeled the initiative a "scam."  We’ve just posted a governance proposal to the forum for community discussion, and we believe it represents one of the strongest long-term governance alignment signals in DeFi.Here's what it does 🧵— WLFI (@worldlibertyfi) April 15, 2026 The developers intend to replace the indefinite lock of 62.3 billion WLFI with a scheduled release plan. For founders, team members, advisors, and partners, a two-year token freeze and a three-year token release period are planned. They are also required to burn 4.5 billion coins.  Early participants' assets will be locked for two years, with fund access taking an additional 24 months.   "If holders do not approve the new schedule, their tokens will remain locked under the old terms indefinitely," noted WLFI. The proposal requires a quorum of 1 billion WLFI and a simple majority after a seven-day vote, the team reported. Once the functionality is deployed, holders will have 10 days to accept the terms. "Not a Vote, but Coercion" The largest WLFI holder and TRON founder Justin Sun opposed the initiative.  This Is World Tyranny, Not World Liberty Financial — Here's WhyThis proposal has been packaged as a "governance alignment signal" and a "long-term commitment," but strip away the packaging and what you have is one of the most absurd governance scams I have ever seen. Let me… https://t.co/sJhFMnLWsJ— H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) April 15, 2026 "Not governance, but farce. Presented as a 'governance alignment signal' and 'long-term commitment,' but in essence, it is one of the most absurd governance scams I have ever seen," he wrote.  The entrepreneur described the proposal as a "logical trap" that would permanently lock the tokens of holders voting against it. According to him, the developers have provided direct punishment for dissenters.  "This is not a vote. This is coercion. What democratic process rewards agreement and punishes dissent?" Sun noted.  He also reported that he and several other major WLFI investors were barred from voting — their governance tokens were frozen by the project team. Conflict with the Community and Threat of Lawsuits Disagreements between the TRON founder and the Trump-affiliated platform began back in 2025. At that time, after transferring 50 million coins, Sun's address was blacklisted by WLFI.  The discussion intensified following reports that World Liberty Financial was taking loans against its own governance tokens. Other WLFI holders joined the criticism, especially after the new vesting schedule proposal.  Some users plan to file a class action lawsuit against the project. If you hold this shitcoin, do not accept the terms. 2 years vest will end after the Trump presidency and this thing will be at $0.00 by then. Don’t accept, remain eligible for the class action lawsuit against them— kripu 🇳🇵 (@crypto_kripu) April 15, 2026 "If you hold this coin, do not accept the terms. The two-year vesting will end after Trump's term, and by then this thing will be worth zero," wrote an investor under the nickname kripu.  Many called World Liberty Financial's actions a scam, expressing hope for future legal proceedings. At the time of writing, the developers had not commented on the claims. In May 2025, investor Jonathan Lopez filed a lawsuit against WLF's head of data and strategy, Chase Herro, accusing him of fraud. 

forklog.media Snap to Replace 1,000 Employees with AI to Save $500 Million

Snap plans to cut around 1,000 employees, approximately 16% of its global workforce. This move is part of CEO Evan Spiegel's strategy to reduce costs and achieve profitability, according to Bloomberg. In a letter to staff, the company's head emphasized that workforce optimization is necessary to enhance efficiency. He mentioned advancements in artificial intelligence technologies that enable employees to perform their tasks much faster. “While changes are necessary to realize Snap's long-term potential, we believe that advancements in AI allow our teams to reduce routine work, increase speed, and better support the community, partners, and advertisers,” the entrepreneur stated. In addition to layoffs, the company has canceled hiring for more than 300 open positions. According to Spiegel, these measures will reduce annual expenses by more than $500 million by the second half of the current year. The company's total revenue in the first quarter increased by 12%, reaching $1.53 billion. “Last fall, I described the situation at Snap as a turning point, requiring the implementation of a new, faster, and more efficient approach to work, as well as a refocus on profitable growth,” the executive wrote in a memo. He added that in recent months, the leadership has carefully analyzed the necessary measures to “serve the community and partners” and made “difficult decisions about prioritizing investments.” Since the beginning of the year, Snap's shares have fallen by 25%. One reason is the challenge of expanding its user base, exacerbated by regulatory pressures from various countries. These regulators seek to limit the use of social networks by teenagers. Snap's shares. Source: Yahoo Finance. The company's efforts to reorganize its advertising business have yielded mixed results. While CEO Evan Spiegel promotes the concept of augmented reality glasses, the firm continues to rely heavily on third-party AI solutions. Meanwhile, competitors are actively investing in developing their own AI tools and necessary infrastructure. The workforce reduction occurred a few weeks after investor Irenic Capital Management acquired a stake in the company and called for rapid changes to improve financial performance. Layoffs as a Broad Trend Other major tech companies have also conducted significant layoffs. For instance, Meta laid off hundreds of employees worldwide in March and cut around 1,000 people from its Reality Labs division in January. Simultaneously, the company is increasing its investments in artificial intelligence. In February, Block CEO Jack Dorsey announced the layoff of nearly 4,000 employees. The decision is related to the firm's transition to a “more compact, flat, and AI-focused” structure. According to Dorsey, artificial intelligence and related tools are fundamentally changing work principles. Despite financial stability and gross profit growth, Block is forced to restructure its business for long-term development. In April, Oracle began laying off thousands of employees amid falling stock prices and significant capital expenditures on AI infrastructure. The company's core business faces challenges due to competition from generative AI models. Additionally, investors are concerned about increasing debt and shrinking cash flows. Silicon Valley IT corporations have moved from recommending AI adoption to policies requiring employees to use neural networks in their work. Nearly half of firms already report positive returns on investments in generative AI. In comparison, this figure averages 35% in other industries. Some employers have even stopped considering candidates without skills in working with neural networks. Potential employees undergo testing on their ability to solve tasks using AI and must explain their choice of tools and prompts. Earlier in February, OpenAI CEO Sam Altman stated that some companies use artificial intelligence as a pretext for layoffs.

bitcoinist.com CLARITY Act Progress: Key Markup Slipping Toward The Final Week Of April Or Mid-May

With Congress back from its Easter recess and optimism reportedly building during the week’s talks over the remaining sticking points in the CLARITY Act, attention has shifted to a new concern: the Senate Banking Committee markup appears to have been pushed back to the final week of April or, potentially, into mid-May.  The delay has […]