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bitcoinist.com XRP Bearish Sentiment Held Derivatives Hostage for Months: Is The Balance Shifting?

XRP is struggling to hold the $1.35 level as the price consolidates within a long-term range that has tested the patience of bulls waiting for a decisive break in either direction. The surface picture is uninspiring — a market grinding sideways without conviction in either direction. But an Arab Chain report tracking the derivatives market […]

cryptobriefing.com Eyck Freymann: Taiwan’s semiconductor industry is vital for global stability, disruption could exceed oil shortages, and a Chinese takeover would reset the economic system | Odd Lots

Taiwan's semiconductor dominance could reshape global power dynamics amid rising US-China tensions. The post Eyck Freymann: Taiwan’s semiconductor industry is vital for global stability, disruption could exceed oil shortages, and a Chinese takeover would reset the economic system | Odd Lots appeared first on Crypto Briefing.

blockonomi.com SanDisk (SNDK) Shares Dip Despite Strong Q3 as Seagate (STX) and Western Digital (WDC) Ride AI Storage Wave

SanDisk (SNDK) stock drops despite beating Q3 estimates with 97% revenue growth, as Seagate (STX) and Western Digital (WDC) benefit from surging AI storage demand. The post SanDisk (SNDK) Shares Dip Despite Strong Q3 as Seagate (STX) and Western Digital (WDC) Ride AI Storage Wave appeared first on Blockonomi.

forklog.media Retail Investors Drive USDT0 Turnover

The omnichain token USDT0, backed by the stablecoin USDT at a 1:1 ratio, is primarily popular among retail users. According to a report by Everdawn Labs for The Block, 99.2% of users hold less than $1,000 in their wallets. Balances ranging from $100,000 to $1 million are held by 1,200 users, while only 35 addresses hold over $10 million. Developers believe this audience structure indicates genuine demand from ordinary people, not just institutions. USDT0 was launched at the beginning of 2025 with the support of LayerZero and Tether. The protocol operates across 23 blockchains, including the Tempo network by Stripe. The total trading volume to date has reached $86.7 billion. In terms of USDT held, the protocol ranks third after the Binance and OKX exchanges. Use Cases Users primarily employ the token in the DeFi sector. In April, the trading volume of derivatives using USDT0 reached $80 million. The token is also used for moving capital between networks. Data from the cross-chain gateway confirms retail dominance: the median transfer amount is $902, while the average is about $90,000. Transactions exceeding $1 million account for only 1.8% of the total number, yet they constitute 68.8% of the overall volume. USDT0 has changed hands nearly 22 times with a supply volume of $4 billion. Project co-founder Lorenzo Romagnoli stated that in 2026, the team will focus on integrating with new ecosystems and simplifying gateways for deposits and withdrawals. The project does not claim revenue from Tether's reserves. According to Romagnoli, the main goal of USDT0 is to unify liquidity and eliminate market barriers. The team covers operational expenses through partnerships with blockchains. Back in April, Tether's investment division proposed merging three companies to create a leading public entity in the Bitcoin industry.

blockmanity.com Warning: Shiba Inu (SHIB) Could Crash to $0 by End of 2026 – Here’s the Harsh Reality

Warning: Shiba Inu (SHIB) Could Crash to $0 by End of 2026 – Here’s the Harsh Reality Shiba Inu (SHIB) once lit up the crypto world with wild hype and massive gains. But today, it’s down almost 93% from its […] The post Warning: Shiba Inu (SHIB) Could Crash to $0 by End of 2026 – Here’s the Harsh Reality appeared first on Blockmanity.

blockmanity.com Code vs. Law: Mastering Blockchain Governance and Policy Challenges in the Crypto Era

Code vs. Law: Mastering and in the Crypto Era Blockchain technology promised a world without middlemen. It started with Bitcoin, letting people send money directly to each other. Today, it powers much more: from loans in DeFi to tracking goods […] The post Code vs. Law: Mastering Blockchain Governance and Policy Challenges in the Crypto Era appeared first on Blockmanity.

news.bitcoin.com US Debt Nears $39T GDP Mark for First Time Since 1946, Validating Bitcoin

The U.S. national debt has officially surpassed $38.9 trillion, eclipsing 100% of the country’s gross domestic product (GDP) for the first time since the end of World War II. This historic fiscal threshold offers a real-world validation for bitcoin’s 21 million fixed supply. Key Takeaways: U.S. national debt topped 100% of GDP for the first […]

forklog.media Elon Musk Labels Most Cryptocurrencies as Scams

During a court hearing against OpenAI, Elon Musk, the head of Tesla and SpaceX, stated that he considers most cryptocurrencies to be fraudulent projects. This was reported by Fortune, citing the session in Oakland. The billionaire's comment came in response to a request to clarify his stance on digital assets—a question that arose in the context of discussing the AI company's plans for an ICO in 2018. At that time, the firm was considering issuing its own token to raise funds. “Some [cryptocurrencies] have value, but most are just scams,” said Musk. A Change in Stance Previously, the entrepreneur was considered a supporter of digital assets. In 2021, Tesla became one of the first public companies to add Bitcoin to its corporate reserves, although Musk himself described the $1.5 billion investment as risky. In the spring of the same year, the firm began selling electric cars for digital gold. Musk suggested that one day it might be possible to purchase a car with the meme coin Dogecoin, which he also repeatedly endorsed. A few months later, Tesla suspended the option to pay with Bitcoin due to concerns about the environmental impact of mining the coin. The company still holds over 11,000 BTC worth $886 million. Source: Arkham. SpaceX also holds 8,285 BTC valued at $638 million, according to Arkham. Community Reaction Users criticized Musk for hypocrisy. A user with the nickname Marcus recalled the sharp rise in DOGE prices every time the billionaire mentioned the coin. The man who pumped Dogecoin to a $90 billion market cap calling crypto scams 🤦🏾‍♂️The audacity has no ceiling…— M̲̅A̲̅R̲̅C̲̅U̲̅S̲̅ 🥷 (@freshesmarcus) April 30, 2026 “The man who pumped Dogecoin to a $90 billion market cap calling crypto scams. The audacity has no ceiling,” he wrote. Musk's social network X also actively promotes digital assets. In mid-April, the platform launched the Cashtags feature to track cryptocurrency rates. Earlier, the entrepreneur announced the launch of X Money—a digital wallet for P2P transfers and payments. Some community members agreed with Musk's opinion. In their view, only Bitcoin, Ethereum, and a few major altcoins have real value. Lol did you really need Elon musk to tell you this?I'd say anyone with a 90 IQ can see that.Bitcoin, Eth, and a handful of other crypto have use cases and will survive and thrive.Most are garbage 99.9%— Dwayne Bennett (@DwayneNHL) May 1, 2026 “Did you really need Elon Musk to tell you this? I'd say anyone with an IQ around 90 would say the same,” wrote one user. Back in late March, the billionaire hired a former designer from Base and Aave to work on X.

bitcoinist.com XRP Bearish Sentiment Held Derivatives Hostage for Months: Is The Balance Shifting?

XRP is struggling to hold the $1.35 level as the price consolidates within a long-term range that has tested the patience of bulls waiting for a decisive break in either direction. The surface picture is uninspiring — a market grinding sideways without conviction in either direction. But an Arab Chain report tracking the derivatives market […]

cryptopotato.com Toobit Announces 30% APR Fixed Earn Opportunity for XRP Holders

Toobit, one of the most popular international centralized cryptocurrency exchanges, is now unveiling a new high-yield XRP subscription within its Earn Series. It offers an industry-leading APR of 30%. Limited-Time 30% APR for XRP Holders This limited-time subscription follows the successful rollout of multiple high-utility Earn products, including recent double-digit yield offers that were available […]

news.bitcoin.com France Drops Self-Custody Reporting Mandate

The article that established the duty for taxpayers to disclose the value and characteristics of their crypto funds held in self-custody was dropped during the last stages of the upcoming Fraud Law discussion. The law will now proceed without this measure. Key Takeaways: The French National Assembly axed an article requiring users to report self-custody […]

forklog.media Arbitrum DAO to Vote on $71 Million Transfer to DeFi United Fund

The governance of the L2 network Arbitrum has initiated a vote on transferring 30,766 ETH (~$71 million) to the DeFi United fund, established to aid the sector's recovery following the Kelp hack.  The project's security council had previously frozen these assets at the hacker's address and moved them to an "interim frozen wallet."  The discussion will continue until May 7. At the time of publication, the community had cast 34 million ARB in support of the proposal. Source: snapshot.org.  The Arbitrum security council's decision to freeze the perpetrator's funds has divided the community. Some participants criticized the possibility of manual intervention in the network's state, while others deemed the actions justified given the scale of the damage. Largest Contribution to DeFi United As of May 1, DeFi United had raised over $314 million—enough to fully cover the $290 million damage from the Kelp hack.  Source: defiunited.world.  If the vote concludes with approval, the Arbitrum DAO will become the largest donor to the initiative. For comparison:  ConsenSys and Joseph Lubin jointly allocated 30,000 ETH; Mantle provided a loan of 30,000 ETH; The Aave DAO is considering transferring 25,000 ETH, in addition to 5,000 ETH from protocol founder Stani Kulechov; LayerZero directed 5,000 ETH and placed another 5,000 ETH in Aave; Kelp contributed 2,000 ETH. April was one of the most productive months for hackers. The industry's losses reached $651 million, noted CertiK specialists. This is the highest figure since March 2022, when the sector lost $715 million. #CertiKStatsAlert 🚨Combining all the incidents in April we’ve confirmed ~$651M lost to exploits with~$3.5M of the total attributed to phishing.April has had the highest losses recorded since March 2022 (~$715M), excluding Feb 2025 (Bybit).More details below 👇 pic.twitter.com/x9uAbLbtMz— CertiK Alert (@CertiKAlert) April 30, 2026 The main damage was caused by two incidents: Drift at the beginning of the month lost $285 million, followed by the Kelp hack. On April 30, the Wasabi protocol fell victim to a hacker attack. Hackers withdrew over $5 million. 

forklog.media April Sets Record for Crypto Industry Hacks

April witnessed a record number of hacks in the crypto industry. Analysts at DeFiLlama counted more than 20 incidents during the month. April ends as the most-hacked month in crypto history, by number of incidents. pic.twitter.com/Cx67K3z86O— DefiLlama.com (@DefiLlama) April 30, 2026 According to CertiK, total losses from attacks reached $651 million. While this figure did not set a monetary record, the number of individual hacks surpassed historical levels. #CertiKStatsAlert 🚨Combining all the incidents in April we’ve confirmed ~$651M lost to exploits with~$3.5M of the total attributed to phishing.April has had the highest losses recorded since March 2022 (~$715M), excluding Feb 2025 (Bybit).More details below 👇 pic.twitter.com/x9uAbLbtMz— CertiK Alert (@CertiKAlert) April 30, 2026 Analyst Stacy Muur estimated a total of 24 cases of fund theft. Full list of protocols & pools exploited in April (+2 since yesterday) ↓Wasabi Protocol: $ unknownSweat: $3,500,000Aftermath Finance: $114,000Judao: $228,000Singularity Finance: $413,000ZetaChain: $300,000Scallop Lend: $150,000Purrlend: $1,500,000Giddy:… https://t.co/pPQ3StmiZv— Stacy Muur (@stacy_muur) April 30, 2026 The largest incident was the hack of Kelp, resulting in a $292 million loss. The attack caused issues with "bad debts" in the lending protocol Aave, forcing the community to seek emergency loans and donations. The second largest was the breach of Drift Protocol on the Solana platform, with damages exceeding $280 million. Project representatives stated that the attack was not due to a code bug. According to them, it was a planned operation prepared over six months using social engineering techniques. Another notable case was the hack of the Hyperbridge protocol on the Polkadot network: the project lost $2.5 million due to forged cross-chain messages. The perpetrator issued about 1 billion DOT tokens and sold them. At the end of the month, an expert known as Wazz reported the hacking of hundreds of wallets on the Ethereum network, many of which had been inactive for more than seven years. Hundreds of wallets (many of which haven't been active in 7+ years) just got drained by the same address on ETH mainnetSeems like a new live exploit, worth flagging https://t.co/QiKU1b86Uv pic.twitter.com/o1uU85CLPT— Wazz (@WazzCrypto) April 30, 2026 According to CertiK, April's losses were the largest since March 2022, excluding the Bybit exchange incident. About $3.5 million of the total was due to phishing. On April 30, attackers breached the Wasabi project, causing damages exceeding $5 million. On April 28, the Ethereum infrastructure project Syndicate was hacked. Cybersecurity experts estimated the losses at $330,000. At the same time, attackers breached the Aftermath Finance exchange in the Sui ecosystem, extracting about $900,000 in USDC. A day earlier, the L1 network ZetaChain was affected. Developers stated that the incident only impacted the team's internal wallets. The damage amounted to $333,868.

bitcoinist.com Bitcoin Market Depth Thins: Spot Volume Drops To Lowest Since October 2023

On-chain data shows the Bitcoin spot volume has observed a notable decline, something that could make the market more sensitive to flow shifts. Bitcoin Spot Volume Has Gone Through A Decline Recently As highlighted by on-chain analytics firm Glassnode in an X post, the Bitcoin Spot Volume has declined to multi-year lows. The “Spot Volume” […]

cryptobriefing.com Randy Moss: Sixers showcase historic playoff dominance, Celtics’ three-point reliance could backfire, and Knicks set new scoring records | Pardon My Take

LIV Golf's financial struggles raise questions about its sustainability and impact on the sport's future. The post Randy Moss: Sixers showcase historic playoff dominance, Celtics’ three-point reliance could backfire, and Knicks set new scoring records | Pardon My Take appeared first on Crypto Briefing.

blockmanity.com 7 High-Volume Blockchain Stocks to Watch Closely This April

7 to Watch Closely This April Blockchain technology keeps growing fast. It powers cryptocurrencies, secure data sharing, and new financial tools. Investors love blockchain stocks because they give exposure to this boom without buying crypto directly. These stocks come from […] The post 7 High-Volume Blockchain Stocks to Watch Closely This April appeared first on Blockmanity.

bitcoinist.com XRP Could See Fresh Demand As Japan’s Rakuten Unlocks Loyalty Point Conversions

Japan’s crypto tax overhaul could soon make Rakuten’s new XRP feature far more attractive. Policymakers are reviewing a proposal to slash capital gains rates on digital assets from 55% to 20% — a change that would dramatically alter how Japanese consumers think about holding and spending cryptocurrency. Related Reading: Bitcoin Could Free Businesses From Bank […]

news.bitcoin.com Porvenir Launches Crypto Pension Fund in Colombia

Porvenir, the largest Colombian pension fund manager, opened the doors to cryptocurrency to its users by launching a new crypto investment portfolio option. “ Crypto Porvenir” allows exposure to crypto assets starting from 100,000 Colombian pesos, leveraging BlackRock’s IBIT ETF to simplify management and minimize costs. Key Takeaways: Porvenir launched a crypto portfolio using Blackrock’s […]

forklog.media PayPal Restructures Business to Establish Cryptocurrency Division

Payment company PayPal announced a business reorganization. The management structure will be divided into three areas, one of which will focus on digital assets. The new structure is as follows: Payment Services & Crypto: this division will combine platform solutions, processing, and cryptocurrency services, including the stablecoin PYUSD. Jeff Pomeroy has been appointed as the interim head; Checkout Solutions & PayPal: this area will unite services for consumers and merchants under the leadership of Frank Keller; Consumer Financial Services & Venmo: a consumer financial services platform based on the Venmo app. Alexis Sowa has been appointed as the interim head. PayPal CEO Enrique Lores noted that the restructuring will simplify decision-making, increase accountability, and accelerate the company's growth. Due to the changes, two top executives will leave the firm: Executive Vice President of the Consumer Group Diego Scotti and Head of the Small Business Division Michelle Gill. New leaders have been appointed in their place: Antonio Lucio as Chief Marketing Officer and Anshu Bhardwaj as Director of AI Transformation. The company will reveal details of the new operating model on May 5, during the release of its financial report. In February, PayPal, MoonPay, and M0 announced the PYUSDx product, which will allow developers to issue their own stablecoins based on PYUSD for specific ecosystems and applications.