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forklog.media Public Miners Offload Record 32,000 BTC in a Quarter

In the first quarter, mining companies sold more bitcoins than in the entire year of 2025, according to data from TheEnergyMag.  Source: TheEnergyMag.  Together, MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer sold over 32,000 BTC. This volume surpasses the second quarter of 2022, when miners liquidated 20,000 BTC following the collapse of the Terra (LUNA) ecosystem. High Breakeven Threshold Companies are compelled to sell cryptocurrency amid a record low hashprice, which remains below $35 per PH/s per day. Source: Hashrate Index.  The $35 per PH/s level is the breakeven point for many bitcoin miners, particularly those with older equipment.  With the current hashprice around $33 per PH/s per day, approximately 20% of the industry is operating at a loss. Meanwhile, the difficulty of mining digital gold and the network's hashrate continue to rise. Although in the first quarter the total computing power of the first cryptocurrency's blockchain decreased by 6%, it remains near its historical peak.  Source: Hashrate Index.  Long-term Trend  Bitcoin miners' reserves have been gradually declining since 2023, according to CryptoQuant. At the end of 2023, miners collectively held 1.86 million BTC. Currently, their balances have reduced to 1.8 million BTC. Source: CryptoQuant.  Typically, miners sell only a portion of their bitcoin reserves to cover operational expenses. However, the downturn in the crypto market and rising energy costs have forced some players to liquidate coins from corporate treasuries.  In a sector report, CoinShares analysts warned that they expect further miner capitulation. The main condition for stabilizing the industry remains an increase in the price of the leading cryptocurrency.  In March, Wintermute specialists stated that the traditional bitcoin mining model is becoming obsolete. 

forklog.media Analyst Predicts Bitcoin Could Reach $100,000 by 2026

The first cryptocurrency is expected to reach a new all-time high within 12 months. Michaël van de Poppe, founder of MN Trading, noted that after deep corrections, the asset's price typically increases by 30-60% over six months. Statistically, after such a correction of #Bitcoin, a new ATH is made within 12 months. Within 3-6 months, on every occasion of such an outlier, Bitcoin was trading 30-60% higher than the low.That would put $100K on the map in Q3 of 2026.— Michaël van de Poppe (@CryptoMichNL) April 20, 2026 According to him, if this trend continues, the rate will reach $100,000 in the third quarter of 2026. At the time of writing, digital gold is trading at $76,256 (+1.3% for the day). Hourly chart of BTC/USDT on Binance. Source: TradingView. Dynamics of Profitable and Unprofitable Bitcoin Addresses Joao Wedson, founder of the analytical platform Alphractal, observed an unusual dynamic in profitable and unprofitable bitcoin assets. Supply in Profit vs. Supply in Loss in Bitcoin shows an incredible dynamic.1. In each cycle, Supply in Profit tends to be higher, indicating that being a Long-Term Holder has been a good strategy. There is also a mysterious trendline here.2. Supply in Loss shows that since… pic.twitter.com/C2y6hh7ifo— Joao Wedson (@joao_wedson) April 20, 2026 The data shows that in each new cycle, the volume of "profitable" supply increases. According to the expert, this confirms the effectiveness of a long-term holding strategy for cryptocurrency. Wedson also noted a persistent trendline on the chart, which he described as "mysterious." Meanwhile, the volume of assets in loss is steadily decreasing. This trend began after the market downturn in 2018. With each cycle, the share of coins purchased at higher prices diminishes. The analyst emphasized that no other global asset demonstrates such symmetrical and consistent behavior. In his view, this supply structure makes bitcoin a unique financial instrument. At the same time, Julio Moreno, head of research at CryptoQuant, recorded a sharp inflow of bitcoins to exchanges. Bitcoin exchange inflows have spiked in the last few hours.Most of that went to Coinbase. pic.twitter.com/70Mq007qb7— Julio Moreno (@jjcmoreno) April 20, 2026 The majority of the coins were sent to the Coinbase platform. An increase in exchange deposits is often associated with investors preparing to sell coins. On April 20, the price of the first cryptocurrency held at $75,000 following the breakdown of the truce between the US and Iran.

blockonomi.com Cryptomus Likely Launched Heleket to Evade FINTRAC’s Record CAD 177M Penalty, TRM Analysis Finds

TLDR: TRM Labs assessed with high confidence that Cryptomus and Heleket share the same operators and infrastructure. Heleket’s illicit inflow ratio is nearly five times higher than the payment service provider average in TRM data. Garantex, a sanctioned Russian exchange, served as the primary liquidity source for both Cryptomus and Heleket. Cybercrime actors, including CSAM [...] The post Cryptomus Likely Launched Heleket to Evade FINTRAC’s Record CAD 177M Penalty, TRM Analysis Finds appeared first on Blockonomi.

news.bitcoin.com Arbitrum Security Council Freezes 30,766 ETH From KelpDAO Exploiter in Emergency Onchain Action

The Arbitrum Security Council froze 30,766 ether held by the KelpDAO exploiter on Arbitrum One, moving the funds to a protocol-controlled address before they could be bridged back to the Ethereum mainnet. Key Takeaways: Arbitrum’s Security Council froze 30,766 ETH worth roughly 70 million from the KelpDAO exploiter on April 21. Peckshield flagged the exploiter […]

forklog.media Arbitrum freezes 30,766 ETH amid probe into Kelp hack

The Security Council of the L2 network Arbitrum has taken “emergency measures” and frozen 30,766 ETH (~$71.2m) stolen from the Kelp protocol.  The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times,…— Arbitrum (@arbitrum) April 21, 2026 “The team acted with input from law enforcement regarding the exploiter’s identity and, at all times, took into account its obligations to ensure the community’s security and integrity without affecting users or applications,” the statement said.  The funds were moved to an “interim frozen wallet”. The original address no longer has access—project governance alone can now move the assets. Legitimate owners will receive the coins after approval. Debating decentralisation Freezing crypto is contentious. Critics say it violates the technology’s ethos. Supporters argue that blocking crime-linked funds bolsters a chain’s security and integrity.  Many users criticised Arbitrum’s actions and questioned the network’s decentralisation.  so a council can just freeze 30k eth and we’re still calling this decentralized?— Sandy.ETH (@david_lee2085) April 21, 2026 “So some council can just freeze 30,000 ETH, and we’re still calling this decentralised?” wrote a user going by Sandy.ETH.  The episode also prompted jokes.  is it truly decentralised??? pic.twitter.com/wxHCRP3QWa— Nozomi (@NozomiNetwork) April 21, 2026 Arbitrum Security Council member Griff Green responded to community criticism. He said the decision was not taken lightly: members spent “countless hours” debating the freeze from technical, practical, ethical and political angles.  I'm a member of the Security Council & I can tell you we did not make this decision lightly, there were countless hours of debates, technical, practical, ethical and political.But all it takes for evil to triumph is for good men to do nothing, so today, we decided to do… https://t.co/tArbmXwZKN— Griff Green — griff.eth (@griffgreen) April 21, 2026 Green stressed that not all council members voted to freeze the assets; nine of 12 backed the measure.  Aave’s bad debt  Among those hit by the Kelp exploit was Aave. Earlier, Lookonchain said the incident left the protocol with a balance “hole” of roughly $195m.  A risk manager at the lending platform LlamaRisk outlined two scenarios for how the bad debt could affect the ecosystem.  Update on rsETH incident:@LlamaRisk has published a report outlining the rsETH incident, the immediate actions taken, its impact on Aave, and potential paths forward.All service providers have been working to assess the two potential bad debt scenarios on the Aave protocol.…— Aave (@aave) April 20, 2026 First scenario: losses are shared across all rsETH holders on Ethereum mainnet and L2s. Then Aave’s shortfall would be about $123.7m, and rsETH could fall 15% against the leading altcoin. LlamaRisk stressed that, in that case, losses would be distributed more evenly across chains. wETH would “absorb most in absolute terms but hardly notice it relative to the depth of its reserves”. Aave has a tool—the Umbrella safety module—to cover losses in wETH. Some 18,922 aWETH (~$43.7m) have completed a cooldown and are ready to be unstaked. Second scenario: the entire deficit falls on L2s (Arbitrum, Mantle). Then bad debt would reach $230.1m. LlamaRisk noted that Aave has about $181m in its treasury—reserves that could be used to cover a potential shortfall. The day before, Kelp said it was continuing to assess the damage from the hack and options to safely restart the protocol. https://t.co/APBgpyA10x— Kelp (@KelpDAO) April 20, 2026 Haseeb Qureshi, a partner at Dragonfly, argued that current risks do not imperil DeFi. In his view, Aave and similar protocols have sufficient capital to cover bad debts. DeFi learns through failures. Whether it's from the collapse of Terra, broken auctions during Black Friday in 2020, or the stETH depeg in 2022, it has failed over and over again—but with every failure, it improves.People talk all sorts of shit about this, but it's no different…— Haseeb >|< (@hosseeb) April 20, 2026 “DeFi learns through failures. Whether it’s from Terra’s collapse, broken auctions during ‘Black Friday’ in 2020, or the stETH depeg in 2022—with every failure, the ecosystem gets better. […] DeFi is not going anywhere,” he wrote.  LayerZero blamed Kelp’s team also shared initial findings of the hack investigation. The developers laid blame on LayerZero, which earlier claimed the breach was caused by the project using a 1/1 DVN configuration.  “The 1/1 setup is described in LayerZero’s documentation and is the default for any new OFT deployment. We have been running on their infrastructure since January 2024 and have stayed in contact throughout,” Kelp noted.  Representatives of the protocol added that DVN configuration was discussed during the L2 expansion and that the default setup was “approved as meeting requirements”. At the time of writing, LayerZero had not responded to Kelp’s statements.  Justin Sun’s proposal  TRON founder Justin Sun addressed the Kelp hackers and called for talks.  OK — Kelpdao hacker, how much you want? Let’s just talk. With KelpDAO’s help, of course. It’s simply not worth it to sacrifice both Aave and KelpDAO and let them go down over this hack. You can’t spend $300 million anyway.— H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) April 19, 2026 “Hacker, how much do you want? Let’s talk. With KelpDAO’s help, of course. It’s simply not worth sacrificing both Aave and KelpDAO and letting them go down over this hack. You can’t spend $300m anyway,” he wrote.  Sun’s motives remain unclear. Addresses linked to his HTX exchange, however, have moved hundreds of millions to Aave. According to Protos, as of December 2025 more than $1.4bn of the platform’s USDT reserves sat in loans on Aave. An on-chain analyst known as EmberCN also noted that wallets affiliated with TRON’s founder actively withdrew USDT from the lending protocol after operations were paused.  另外,他凌晨为了把存在 Aave 上的 1.74 万枚 ETH 取回,通过 Swap 把存款凭证 (aEthWETH) 直接卖成 ETH,损失了 310 枚 ETH ($72 万)。也就是折价了 1.8%。然后把换回的这些 ETH 转存到了 Spark 上。https://t.co/NCZnNhezwYPS:因为 Aave 目前还是暂停 WETH 的提款的,ETH 想从 Aave… https://t.co/HT9JouZ5cS pic.twitter.com/4Q0FO2eAhB— 余烬 (@EmberCN) April 21, 2026 “[…] the wallet executed five transactions, withdrawing a total of $274m in USDT and fully closing its position in stablecoins on the platform,” the analyst noted.  Other large withdrawers from Aave included the MEXC exchange and investment firm Abraxas Capital.  Due to the KelpDAO exploiter borrowing over 82,600 $ETH ($195M) from #Aave using $RSETH as collateral, bad debt has appeared on #Aave.Many whales have withdrawn funds from #Aave, causing its TVL to drop from $26.396B to $20.114B — a decline of $6.28B.Major withdrawals… pic.twitter.com/rhN28AMul9— Lookonchain (@lookonchain) April 19, 2026 In April, hackers also breached the ENS gateway eth.limo and cloud provider Vercel. 

forklog.media x402 Launches Marketplace for AI Agent Services

The developers of the Coinbase-backed x402 payment standard have launched a marketplace for applications and services aimed at enhancing the utility of AI agents. Introducing Agentic(dot)Market, the homepage of the agent economy.— Monitor agentic commerce trends— Discover services for your agent to buy— Sell your services to agentsThousands of services. Zero API keys. Powered by x402. https://t.co/dgrNV73MAJ pic.twitter.com/0QU9Bpb3kG— nick.base.eth 🛡 (@Nick_Prince12) April 20, 2026 Product lead Nick Prince stated that the idea behind Agentic.market is to provide people and their digital assistants with access to thousands of tools without the need for an API key. Source: Agentic.market. According to the executive, the market serves as a "showcase for discovering, comparing, and utilizing x402 services." It offers access to "a wide range of applications and websites that AI agents can use." Prince added that hundreds of thousands of virtual assistants have conducted transactions worth hundreds of millions of dollars, yet users had to rely on "disparate sources and word of mouth" to find compatible tools. Agentic.market features a web interface that allows users to browse and evaluate services. There is also a software layer that provides AI agents with access to the platform for autonomous searching, filtering, and integrating new capabilities during operation without human intervention. The platform provides digital assistants with "skills"—code that describes how to apply a particular service. Additionally, a wallet is issued for buying or selling desired products. Launched in May 2025 by Coinbase, the x402 protocol enables AI agents to make online payments using stablecoins. Back in December last year, the second version of x402 was released.

blockonomi.com Crypto News and XRP Price Jump As XRP ETFs Grab the Biggest Monthly Inflow of 2026, And One Presale Might Be The Smartest Crypto Bet

The XRP price holds $1.42 after spot XRP ETFs pulled $65 million in April alone, lining up the strongest month of 2026 and pushing cumulative flows to a three month high per The Crypto Basic. On any regular week that kind of crypto news would dominate every feed, yet Pepeto just sealed its latest presale [...] The post Crypto News and XRP Price Jump As XRP ETFs Grab the Biggest Monthly Inflow of 2026, And One Presale Might Be The Smartest Crypto Bet appeared first on Blockonomi.

bitcoinist.com Altcoin Carnage Ahead? 99% Could Be Wiped Out, Analyst Says

Bitcoin’s dominance hovering around 57% has become a quiet alarm bell for traders watching the broader crypto and altcoin market in general — and for good reason. Related Reading: Ceasefire Drama Escalates—Trump Points Finger At Iran, Bitcoin In Focus Bears And Bulls Divided Over Altcoin Timing Crypto analyst Michael van de Poppe believes a brutal […]

blockonomi.com Arbitrum Security Council Freezes 30,766 ETH Linked to KelpDAO Exploit

TLDR: The Arbitrum Security Council froze 30,766 ETH on Arbitrum One tied to the KelpDAO exploit. Law enforcement provided direct input on the exploiter’s identity before the council took action. Funds were transferred to an intermediary frozen wallet on April 20 at 11:26 pm ET successfully. Future movement of the frozen ETH requires formal authorization [...] The post Arbitrum Security Council Freezes 30,766 ETH Linked to KelpDAO Exploit appeared first on Blockonomi.

bitcoinist.com Strategy Acquires 34,164 BTC In Largest Bitcoin Buy Since November 2024

Bitcoin treasury company Strategy has added $2.54 billion worth of the asset to its reserves in its biggest acquisition since November 2024. Strategy Has Just Completed A Mega Bitcoin Buy In a new post on X, Strategy co-founder and chairman Michael Saylor has shared the details related to the company’s latest Monday Bitcoin acquisition. In […]

news.bitcoin.com Onchain Analysts Flag Justin Sun-Linked Wallet’s 274 Million USDT Exit From Aave Minutes After rsETH Freeze

A wallet linked to Justin Sun by onchain analysts withdrew 274 million USDT from Aave just 21 minutes after the protocol froze its rsETH markets on April 18, following the KelpDAO exploit. Key Takeaways: A wallet linked to Justin Sun pulled 274 million USDT from Aave 21 minutes after the rsETH market was frozen. The […]

blockonomi.com Crypto Regulatory Clarity Hangs by a Thread as Senate Markup Deadline Approaches Fast

TLDR: The Clarity Act passed the House 294–134 but remains stuck in the Senate without a markup date set. Senators Lummis and Moreno warn the bill could die in committee if it misses the May Senate floor deadline. BlackRock, JPMorgan, and Coinbase are among the institutions waiting on the bill before expanding crypto exposure. If [...] The post Crypto Regulatory Clarity Hangs by a Thread as Senate Markup Deadline Approaches Fast appeared first on Blockonomi.

forklog.media Senator Suggests Possible Delay for CLARITY Act Review

The U.S. Senate Banking Committee is unlikely to review the CLARITY Act, a bill on cryptocurrency market regulation, in April. The discussion may be postponed to May, Senator Thom Tillis told a Punchbowl News journalist. News: Sen. Tillis (R-NC) told Senate Banking Committee Chair Tim Scott (R-SC) the panel should not plan to advance a major crypto bill in April. Negotiators need more time to finalize a bank-crypto compromise on stablecoin yield, Tillis said, pointing to a potential May markup pic.twitter.com/PIaAjPCb24— Brendan Pedersen (@BrendanPedersen) April 20, 2026 The main obstacle remains the provision on rewards for holding stablecoins. Representatives of the banking sector fear that high returns from "stablecoins" could lead to a withdrawal of deposits from traditional institutions, potentially impacting the financial stability of smaller organizations. According to Tillis, negotiators need more time to reach a compromise between banks and crypto companies. The current version of the document proposes prohibiting interest on inactive stablecoin balances, while income from asset operations would remain permitted. Crypto companies oppose such restrictions, calling them a threat to innovation. The bill aims to delineate the powers of the SEC and the CFTC, as well as to determine the status of digital assets as securities or commodities.  Digital Chamber head Cody Carbone sent a letter to the committee leadership, urging senators to expedite work on the rules to "provide legal clarity for 70 million American cryptocurrency holders." Today, we sent a letter to @BankingGOP leadership urging the Committee to move digital asset market structure legislation to markup and continue improving the bill in a transparent, deliberative, and bipartisan manner. Read our full letter: https://t.co/muPdJ8xq5m pic.twitter.com/ZHZX4PLA8e— The Digital Chamber (@DigitalChamber) April 20, 2026 Back in February, journalists learned of ongoing disagreements regarding the CLARITY Act.

blockonomi.com Is SUI Network Positioned for the Next Bull Cycle? CME Futures, Spot ETFs, and 219% Dev Growth Suggest It

TLDR: SUI Network holds $583M in TVL and processes over $100 billion in monthly stablecoin volume on-chain. Monthly active developers grew 219% year-over-year, with more than 500 active projects in the ecosystem. USDsui, backed by Stripe, reached $36 million in supply within one month of its public launch. SUI is one of fewer than 10 [...] The post Is SUI Network Positioned for the Next Bull Cycle? CME Futures, Spot ETFs, and 219% Dev Growth Suggest It appeared first on Blockonomi.

news.bitcoin.com Why the Wealthy Are Doubling Down on Bitcoin-Backed Debt

The Xapo Digital Wealth Report for Q1 2026 highlights a major shift in how high-net-worth individuals manage their bitcoin, moving away from active trading and toward long-term capital preservation. Key Takeaways: Xapo members increased active bitcoin-backed loans by 8.9% in Q1 2026 to avoid selling during volatility. Institutional use of bitcoin as collateral grew as […]