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cryptobriefing.com Drift Protocol secures nearly $150M in recovery funding from Tether and partners as it drops USDC for USDT

Drift Protocol's funding shift to USDT may enhance liquidity and solidify USDT's dominance in Solana's trading ecosystem, impacting market dynamics. The post Drift Protocol secures nearly $150M in recovery funding from Tether and partners as it drops USDC for USDT appeared first on Crypto Briefing.

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bitcoinist.com PEPE Flashes Selling Climax Signal, What This Means For Price

Following the historic October 10 crash, the PEPE price has been struggling against the bearish pressure. As a result, the meme coin has remained muted in terms of its price movements, with no major recoveries recently. However, it looks like the tides might be finally changing for PEPE due to the rising bullish technicals surrounding […]

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news.bitcoin.com Report: China Yuan Stablecoin Could Arrive in 3 to 5 Years, Circle CEO Says

Circle CEO Jeremy Allaire told Reuters on Thursday that a yuan-backed stablecoin represents a “tremendous opportunity” for China as currency competition shifts onto blockchain infrastructure. Key Takeaways: Circle CEO Jeremy Allaire predicted China could launch a yuan-backed stablecoin within 3 to 5 years. USDC grew 72% year-on-year to $75.3 billion by end-2025, boosted by U.S.-Iran […]

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forklog.media How the “Ethereum Killers” Got Killed

Every bull market has revived the hardy narrative of finding the perfect “Ethereum killer”. Since 2017, dozens of projects have hit the market promising to become a better version of the second-largest cryptocurrency. ForkLog reviews the evolution of alternative layer-1 (L1) blockchains—what they promised, the billions they raised, and the harsher reality protocol teams face in 2026. Early-stage fundraising data are from ICO Drops; total value locked (TVL) figures are from DeFiLlama. The standard is born—and early pretenders to the throne In 2014, when crypto was synonymous with bitcoin, Ethereum’s co-founders held a historic ICO. From 22 July to 2 September the project raised 31,591 BTC (then about $18.6m). Investors bought the offered ETH at an average price of $0.31. Details of Ethereum’s ICO and the ETH token release. Source: ICO Drops. After the TGE in 2015, Ethereum’s concept of a “world computer” powered by smart contracts looked like a breakthrough. Yet low throughput, a new programming language (Solidity), unfamiliar DAO governance and UX hindered adoption. Early rivals rushed in. Neo X (formerly NEO) Launch: 2016 Funds raised: first public-sale round in October 2015 — $560,000; after the 2016 TGE — an additional $4.5m Founded in 2014 as Antshares, the project rebranded to NEO and continued as a layer‑1 blockchain. Marketed as the “Chinese Ethereum”, it leaned into Solidity’s niche appeal and instead let developers write smart contracts in C# and Java. In 2023, facing thin liquidity, the team took a step toward Ethereum’s orbit. A year later it launched the Neo X EVM mainnet. Cardano Launch: 2017 Funds raised: ~$62m Created by Ethereum co-founder Charles Hoskinson, Cardano embraced an academic approach with the PoS consensus Ouroboros. Its L1 extended the UTXO model to support smart contracts (EUTXO). The protocol pitched itself as “the only PoS family member with mathematically proven security”. In 2024 the project faced a wave of criticism hinting at the ecosystem’s “death”. Hoskinson replied with “major upgrades” aimed chiefly at a transition to decentralised governance. Cardano’s focus areas include government initiatives, enterprise solutions, RWA and digital identity. Tezos Launch: 2017 Funds raised: ~$242m before TGE Flush with ICO cash, Tezos sought to outmanoeuvre rivals amid the post–The DAO hard‑fork rifts by introducing on‑chain, vote‑based governance. Despite the innovation and war chest, it failed to hold ground after the “DeFi summer” ended in 2022. As of April 2026 the network ranks 51st by TVL ($28.14m). In 2026 a major Tezos X upgrade is planned. The team is shifting from a monolithic L1 toward a rollup ecosystem built on modular architecture. The EVM‑compatible Etherlink targets closer alignment with Ethereum, a move away from the niche Michelson language, and RWA/DeFi for business. Vaulta (formerly EOS) Launch: 2017 Funds raised: an industry record — over $4bn during the ICO The EOS token sale ran for about a year—from 26 June 2017 to 1 June 2018. Block.one pitched it as a high‑throughput operating system with zero fees, enabled by DPoS. Designed by EOS co‑founder Dan Larimer, the model relied on 21 validators and a complex governance structure. The lack of decentralisation drew criticism, as did questions about the integrity of the ICO. In 2022 Block.one was accused of underfunding protocol development. Larimer supported the community’s effort to regain control of a $4.2bn treasury. Prolonged corporate lawsuits between the EOS Network Foundation and Block.one ultimately pushed the former to rebrand. A strategic pivot to Web3 banking under the new name Vaulta followed in 2025. TRON Launch: 2017 Funds raised: ~$78m before TGE Self‑styled as an “Ethereum killer”, TRX initially launched as an ERC-20 token before migrating to its own chain. The protocol borrowed Ethereum Foundation’s codebase and EOS’s DPoS consensus. For that, Vitalik Buterin publicly accused TRON founder Justin Sun of plagiarism. Its trump card was integrating USDT. High speed and low fees made the chain one of the most popular rails for the stablecoin. The DeFi era and the venture boom Ethereum steadily became DeFi’s home base. Between 2019 and 2021 average fees rose to $5–20 and in peak periods exceeded $60. Costs opened a flank that a new crop of VC‑funded L1s exploited in their marketing. Algorand Launch: 2017 (mainnet and TGE in 2019) Funds raised: ~$126m The founder— a Turing Award laureate, Silvio Micali — promised to solve the “blockchain trilemma” with Pure Proof‑of‑Stake. The engineering was meticulous; tokenomics and investor psychology, early on, were not. Validator full nodes (relay nodes) became a closed club run by universities and corporations sponsored by the Algorand Foundation. Matters worsened with cyclical investor sell‑offs (accelerated vesting) and heavy marketing spend. By 2026 many flaws had been addressed, but lost time dented the protocol’s DeFi standing. According to DeFiLlama, as of April 2026 the platform’s 30‑day fee revenue was $408. Algorand continues to focus on RWA (real‑estate tokenisation via Lofty), and enterprise and government solutions. In 2025 the blockchain was used to create a digital health passport for women in India. Solana Launch: 2020 Funds raised: ~$360m (of which ~$314m after the 2021 TGE) Launching into “DeFi summer”, Solana pitched itself as a high-speed network with sub‑cent transactions enabled by Proof‑of‑History (PoH). Buoyed by post‑TGE capital, the team stayed on‑trend: close ties with FTX, the NFT boom, a chain for DePIN projects, a crypto smartphone, RWA. It also subsidised user growth and offered developers funding for development. The rapid rise of the SOL token, speed and cheap transactions drove adoption across DeFi—even frequent outages did not deter users. At the peak of the meme‑coin trend, Solana became a liquidity centre for that asset class. Later, that spurred an outflow of traders amid more frequent fraud. In 2026 the platform entered the top three by USDT transfer count. Polkadot Launch: 2020 Funds raised: ~$248m (of which ~$205m before TGE) Addressing Ethereum’s scaling challenge, co‑founder Gavin Wood, after his departure, proposed a Layer‑0 design with parachains sharing the security of a central relay. Thanks to a decentralised validator set, Polkadot has the highest Nakamoto coefficient—123, as of April 2026. As elsewhere, strong technology without fitting tokenomics, incentives and marketing did not lead to a fair fight with Ethereum. The network has dropped rigid parachain‑lease auctions, now targeting B2B and bespoke enterprise chains. In late 2025 it posted its first quarterly profit in three years. BNB Chain (formerly Binance Smart Chain, BSC) Launch: 2020 Funds raised: self‑funded by Binance Binance’s corporate fork of Ethereum sacrificed decentralisation for low fees. The EVM‑compatible network targets DeFi, meme‑coin trading, gaming and popular verticals, including RWA. The project is one of the DeFi leaders and a serious challenger to Ethereum. Its ecosystem includes top apps: the DEX PancakeSwap, the lending protocol Venus, and RWA platforms Securitize and Circle USYC. Avalanche Launch: 2020 Funds raised: ~$285m (of which ~$55m before TGE) An architecture of three built‑in chains (X‑Chain, C‑Chain, P‑Chain) and a graph‑based consensus (DAG) deliver instant finality and custom subnets. The split isolates heavy smart‑contract compute from basic asset transfers and staking, protecting the network from critical overloads. Avalanche anticipated today’s broad shift toward modular blockchains. Its current strategy centres on institutional subnets, use in the public sector and RWA, courting traditional banks and funds. NEAR Protocol Launch: 2020 Funds raised: ~$544m (of which ~$503m after TGE) A bet on sharding (Nightshade) and UX (human‑readable addresses) was meant to attract the masses. In practice, convenience and technology were not enough to win liquidity and developers. Having stepped back from head‑on L1 competition, NEAR has become a hub for chain abstraction and consumer AI apps, aiming for a seamless Web2‑like experience. A key tool is Chain Signatures, which lets users control assets on other networks (including bitcoin and Ethereum) from a single NEAR account. Internet Computer Protocol Launch: 2021 Funds raised: ~$167m before TGE ICP began as an ambitious “killer of the centralised internet and Ethereum”. Management promised to replace AWS and host social networks on‑chain, but failed to cope with market manipulations, after which the ICP token fell 95%. Today it is not an Ethereum rival, but a distinctive L1 serving as decentralised hosting for Web3 and enabling cross‑chain liquidity control without vulnerable bridges. The current focus is AI and decentralised cloud storage. In February 2026 Pakistan’s Digital Authority and DFINITY, ICP’s core developer, signed an MoU to build sovereign digital AI infrastructure—keeping confidential data at home and reducing reliance on foreign cloud providers. Full speed to the graveyard After Ethereum’s transition to Proof‑of‑Stake and a shift toward L2, would‑be “killers” pivoted to parallelisation and a speed race. The new wave of L1s includes: Aptos (2022) and Sui (2023). Heirs to Meta’s shuttered Diem, their novelty lies in the Move language and parallel execution. Both now cast themselves as flagships of GameFi and DeSoc, targeting retail users who expect instant, lag‑free Web3 apps; Sei (2023). Positions itself as an L1 solely for trading with 400ms finality. With a narrow specialisation, Sei acts as a universal liquidity engine for traders and DEX builders; Berachain (2024–2025). Built on Cosmos SDK with a Proof‑of‑Liquidity (PoL) consensus, where liquidity providers secure the chain. Its strategy is radical gamification of finance, turning classic staking into a speculative flywheel; Monad (2025). Created by alumni of Jump Trading, it raised $225m to deliver Ethereum‑compatible parallel execution. The focus is DeFi and speed for trading. Today, most boasts of surpassing Ethereum look naïve. Its ecosystem has held the lead thanks to network effects, security and L2s that neutralised high fees. TRON has overtaken Ethereum on a crucial metric: stablecoin transfer volume. Sun built a cheap payments rail for a fiat alternative—worlds away from a decentralised “world computer”. According to Token Terminal, as of April 2026 TRON ranks first by revenue from transaction fees, well ahead of Ethereum, at $3.3bn. Profit of blockchain protocols. Source: Token Terminal. Solana is the only chain to have built an independent ecosystem and a loyal community comparable to Ethereum’s. It is blisteringly fast, but demanding validator hardware and periodic outages still raise questions. Protocol fee revenue. Source: Token Terminal. Most 2019–2021 vintages are technically diverse but financially weak: Cardano and Algorand keep polishing academic code, but suffer from a dearth of real users and liquidity; Avalanche and NEAR saw speculative capital ebb away. In bull markets they served as cheap retail alternatives, but ultra‑cheap Ethereum rollups diluted their pitch. They remain technically active and sign corporate deals, yet their crypto market share keeps shrinking; EOS and NEO are trying to stir, but look more like relics. The new cohort of builders is betting on extreme hardware optimisation and parallel execution. History suggests crypto rarely crowns the fastest tech—it favours the one with the strongest social consensus. On that measure, Ethereum’s base layer remains the clear leader.

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forklog.media Circle CEO Sees ‘Tremendous Opportunity’ in Yuan-Backed Stablecoin

"Stablecoins" have emerged as a new lever of influence for national currencies on the global stage. This was stated by Circle CEO Jeremy Allaire in an interview with Reuters, highlighting the significant potential of a stablecoin based on the Chinese yuan. According to him, a fiat-pegged digital asset could make China's currency more competitive and simplify global payments. "A yuan stablecoin is a tremendous opportunity. In the currency race, the one with better characteristics wins. It's a technological race," said Allaire. The CEO of the company issuing USDC predicted the emergence of a Chinese "stablecoin" within the next three to five years. Allaire has held this position since at least 2023. Previously, he stated that stablecoins could be a more effective tool for the internationalization of the yuan than CBDC. Current Position of Authorities In July 2025, Chinese giants Ant Group and JD urged the People's Bank of China (PBOC) to legalize yuan stablecoins in addition to the existing tokens based on the Hong Kong dollar. Subsequently, reports emerged in the media that the government is considering approving stablecoins backed by national currency. However, the authorities remain cautious. In August of the same year, China's financial regulators demanded that brokerage firms and think tanks cancel seminars and cease publishing research on fiat-pegged assets. Later, the PBOC confirmed its stance on the illegal status of digital assets in the country and outlined the risks associated with the use of stablecoins. In February 2026, the People's Bank and key agencies banned the issuance of yuan-pegged "stablecoins" outside the country without prior registration. Officials also announced a tightening of the tokenization process for Chinese RWA. The aim of these measures is to protect financial stability, curb capital outflows, and maintain monetary sovereignty amid China's promotion of its digital currency e-CNY. As reported in The Economist, there are doubts about the success of a yuan stablecoin due to the country's stringent capital movement controls.

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cryptopotato.com Bitcoin Price Analysis: Here’s Why the Next Few Days Will Be Crucial for BTC

Bitcoin is trading around $74.7k, holding near its highest levels since the February breakdown, as the recovery momentum built over the past two weeks continues to develop. The move is encouraging, but BTC now stands at one of the most technically important junctures of the entire correction, near the confluence of the descending channel’s upper […]

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news.bitcoin.com Bitcoin Tests $75,000 as Whales Accumulate 270,000 BTC

Bitcoin’s climb toward $75,000 is meeting rising sell pressure despite steady institutional demand. Whale accumulation and shrinking exchange reserves are tightening supply dynamics. Key Takeaways: Bitcoin tests $75,000 with $200 million to $450 million daily ETF inflows, but rising sell pressure attempts to cap gains. Whales added 270,000 BTC in 30 days, yet 11,000 BTC/hour […]

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cryptopotato.com Tyga Enters 1win VIP Program, as Platform Blends Crypto and Entertainment

[PRESS RELEASE – Dubai, UAE, April 16th, 2026] 1win continues to evolve its VIP ecosystem, bringing global rapper Tyga into its high-tier community while reinforcing its positioning as a crypto-first entertainment platform. The update follows several days of speculation across social media, after the artist was spotted boarding a branded 1win private jet and later […]

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forklog.media Crypto Wallet to Distribute $500,000 to Active Telegram Users

The developers of the custodial wallet Crypto Wallet, integrated into Telegram, have launched a loyalty program to reward active users of the service. Participants earn points for daily interactions within the platform, which subsequently unlocks access to multi-level prize boxes. Seasonal competitions based on a leaderboard of points earned are also introduced. During certain periods, temporary multipliers and promotional campaigns will allow users to earn increased rewards. The first season of Wallet Rewards will run from April 16 to May 20, with a total prize pool of $500,000. These will be distributed among the boxes and competition leaders from the leaderboard. Payouts are made in stablecoins and a range of other tokens. In the future, the program will include discounts on fees, increased earnings from Earn, partner bonuses, and exclusive opportunities. Overall, the team plans to distribute millions in rewards among its users. Back in late February, the wallet developers launched storage for Bitcoin, Ethereum, and USDT to generate passive income.

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forklog.media Criticism Over Partnership: Journalists Investigate Polymarket and Kalshi

The American publication More Perfect Union (MPU) has released a video investigation into prediction markets. The investigation was prompted by Polymarket's proposal to integrate the platform's odds into MPU reports. Instead of collaborating, the journalists scrutinized Polymarket's business model and public statements by the company's head, Shayne Coplan. They concluded that prediction platforms exploit Americans' economic anxieties under the guise of "financial democratization." Forecast Accuracy Lower Than Claimed The authors cited a study by Vanderbilt University concerning the 2024 U.S. elections. According to its findings, Polymarket's forecast accuracy was 67%, while Kalshi's was 78%. The older platform, PredictIt, showed a much higher result of 93%. The journalists noted that Coplan had given an interview to the program 60 Minutes, calling prediction markets "the most accurate tool humanity has at the moment." The report also mentioned the February U.S. employment report. Market participants predicted an increase of 60,000 jobs, but the actual difference from the final figure was 150,000. Insider Trading as Part of the Model Economist Robin Hanson, one of the ideological inspirations behind modern prediction markets, stated in the video that insiders on such platforms are the norm. U.S. Senator Chris Murphy commented to MPU, describing prediction markets related to government decisions as inherently unfair: "All bets on government actions are rigged because someone in the government knows the outcome. Many other bets are also rigged — a small circle of influential people knows the result in advance." Murphy believes that contracts where thousands of people know the result in advance should not be traded at all. In March, Kalshi and Polymarket announced new measures to combat insider trading. Experts interviewed by MPU doubted that the platforms could control tens of thousands of potential insiders across all types of markets — from video game releases to Spotify streaming statistics. 0.04% of Traders Take 70% of Profits The publication provided data showing that 0.04% of traders receive about 70% of the profits on prediction markets. According to a report by Citizens Bank, clients of these platforms lose more money in the first three months of trading than users of traditional sportsbooks. Journalist and author of the U.S. gambling industry newsletter The Closing Line, Dustin Gouker, stated that 85-90% of Kalshi's turnover is in sports. For Polymarket, this figure is about 40%. Gouker described the activity as gambling, regardless of how the platforms themselves label it. Regulation and Lobbying Federal regulation through the U.S. Commodity Futures Trading Commission (CFTC) exempts platforms from local taxes and player protection requirements. For comparison, in New York State, bookmakers pay a 51% tax and are required to implement tools to combat gambling addiction. This inequality has already sparked conflict with state authorities — Kalshi has faced lawsuits from more than a dozen states demanding its activities be recognized as unlicensed gambling. However, the CFTC maintains the status quo, and Donald Trump Jr. serves as a strategic advisor to both Polymarket and Kalshi. In February, Polymarket opened a free grocery store in New York. MPU journalists visited the location during the video shoot and assessed the event as an attempt to draw Americans' attention to the gambling platform.

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forklog.media Google Unveils AI Models for Text-to-Speech, Robotics, and Gemini on macOS

Google has released Gemini 3.1 Flash TTS, an updated speech synthesis model based on the Gemini 3 generation. It features improved sound quality, expressiveness, and more precise control, supporting over 70 languages. The neural network enables developers, companies, and ordinary users to create applications with a voice AI interface. Gemini 3.1 Flash TTS is now available: for developers — in early access via Gemini API and Google AI Studio; for enterprises — in Vertex AI; for Workspace users — through the Google Vids service. Enhanced Speech Quality and Control The model scored 1211 points in the Artificial Analysis TTS rating. This score is based on the preferences of thousands of respondents who participated in blind audio quality testing. Source: Google. Artificial Analysis has classified the model among the most attractive solutions due to its combination of high-quality speech synthesis and low cost. LLM stands out for its ability to generate natural dialogues involving multiple speakers. New Audio Tags Version 3.1 Flash TTS introduces audio tags — a tool for managing style, pace, and manner of speech. “Early developers and corporate testers are already seeing the results of 3.1 Flash TTS, noting its impressive control and expressiveness. They told us how audio tags provide a new level of creative precision, transforming simple text into high-quality voice performance,” the company blog states. AI Model for Robotics Alongside Gemini 3.1 Flash TTS, the corporation introduced Gemini Robotics-ER 1.6. This AI model is designed to enable robots to perform complex tasks in real-world conditions through enhanced cognitive functions and “embodied” thinking. The neural network specializes in spatial perception, action planning, and evaluating their success. It shows significant improvements over its predecessor and Gemini 3.0 Flash in tasks related to spatial and physical reasoning. Gemini Robotics-ER 1.6 can interpret data from complex measuring instruments and observe indicators through viewports. This capability was developed by Google DeepMind specialists in collaboration with Boston Dynamics for industrial sector needs. “Such capabilities allow autonomous seeing, understanding, and responding to real challenges,” commented Marco da Silva, Vice President of the Spot project at Boston Dynamics. In security threat detection tests, the new model outperformed Gemini 3.0 Flash by 6% in text scenarios and 10% in video analysis. The integration of LLM into real workflows has already begun: Boston Dynamics has integrated Gemini and Gemini Robotics-ER 1.6 into its own Orbit AIVI-Learning platform. Gemini on macOS Additionally, Google released a native Gemini application for macOS. It is accessible by pressing Option + Space. Features include the ability to share a window for instant context transfer. The application supports image generation with Nano Banana, video creation with Veo, and other familiar tools. Back in April, Google introduced Gemma 4 — a new family of open AI models for advanced reasoning and agent workflows.

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cryptobriefing.com Meg Appelgate: Child care institutions can harbor predators, religious affiliations complicate accountability, and adolescent behaviors are often misunderstood | Shawn Ryan Show

Landmark legislation aims to increase oversight and accountability in the Troubled Teen Industry's treatment programs. The post Meg Appelgate: Child care institutions can harbor predators, religious affiliations complicate accountability, and adolescent behaviors are often misunderstood | Shawn Ryan Show appeared first on Crypto Briefing.

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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.

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