Crypto

Iran may accept BTC for oil tanker passage through the Strait of Hormuz, while Morgan Stanley just helped drive a huge day for Bitcoin ETFs.

Altcoin volatility spiked as Fartcoin crashed 28% from its peak, while Hyperliquid recorded $84 million in liquidations.

Check out which cryptocurrencies will no longer be available on Binance from April 23.

The liquidation was so large relative to the order book that Hyperliquid's auto-deleveraging mechanism activated, forcibly closing profitable short positions on the other side of the trade to prevent the system from accumulating bad debt.

Whales and options traders are betting on a massive BTC reversal toward $80,000 as a fragile Iran ceasefire fuels hopes for a supply squeeze and a breakout.

But analysts say the $3M loss on Hyperliquid likely masked a larger net gain through hedged positions placed on other platforms.

Bitcoin needs to regain momentum with higher trading volumes for BTC to reclaim $80,000 as support and sustain the recovery. Bitcoin’s (BTC) relief rally to $72,000 appears to be cooling off, but analysts said that the BTC price may “continue rising” in the short term. Key takeaways: Bitcoin must flip the short-term holder realized price at $80,000 into support to confirm the trend change. Read more

Bhutan has moved another 319 BTC, taking the total to over 9,000 BTC since late 2024, and trimming its sovereign stash by around 70%. Bhutan moved more Bitcoin from its sovereign-linked wallet on Thursday, further reducing its once sizeable BTC stash and extending its months-long selling.  Arkham data showed a wallet attributed to the Royal Government of Bhutan and its investment arm Druk Holding & Investment, transferred about 319 Bitcoin (BTC), worth roughly $22.68 million, bringing total outflows since late October 2024 to more than 9,000 BTC. The transfer follows a series of recent wallet movements by the country flagged by Arkham. In March alone, the Bhutan-tagged wallet moved more than 1,667 BTC (roughly $120 million), taking Bhutan’s Bitcoin holdings from about 13,000 BTC in late 2024 to 3,654 BTC in April, according to Arkham Intelligence’s tracking dashboard. Read more

Are Trump Crypto Cartel Setting Up To Crash DOLO? The post Lending Pool Heist: Are Trump Crypto Insiders Setting Up To Crash DOLO Crypto? appeared first on Cryptonews.

Chainlink Oracles Power Polymarket's 400% Volume Surge The post Polymarket Just Hit $4 Billion in Volume on 5-Minute Markets: Is Chainlink the Infrastructure Behind the Next DeFi Explosion? appeared first on Cryptonews.

Despite a geopolitical "risk-on" boost, crypto markets remain range-bound with BTC hovering at $71,200 while altcoins like MANA and AERO show strength.

Delo’s donation to Reform UK comes amid a growing debate around the role of crypto donations in UK political funding.

The Ethereum Foundation (EF) announced on Apr. 8 that it would convert 5,000 ETH into stablecoins through CoWSwap’s TWAP feature to fund research, grants, and donations. The announcement reopened a debate over what the foundation’s treasury overhaul was ever meant to accomplish. Over the last year, EF moved treasury assets into DeFi, borrowed against ETH […] The post Ethereum Foundation is still selling ETH after it staked 70,000 coins appeared first on CryptoSlate.

The decision closes a legal battle spanning more than a year, after Dunamu moved to overturn the sanction and halt its enforcement. A South Korean court has canceled the Financial Intelligence Unit’s (FIU) three-month partial business suspension of Dunamu, the operator of crypto exchange Upbit, according to local reports. Yonhap News Agency reported on Tuesday that the Seoul Administrative Court sided with Dunamu in its lawsuit against the FIU, overturning the sanction tied to alleged Anti-Money Laundering (AML) violations.  The court said clear rules existed for transactions above 1 million won (about $675), but found that regulations for smaller transfers were not specific enough, weakening the basis for enforcement within the case.  Read more

US Treasury Secretary Scott Bessent said the CLARITY Act is vital to setting clear rules for crypto, tokenized assets and decentralized exchanges, and that US leadership is at stake. US Treasury Secretary Scott Bessent has asked Congress to pass the Digital Asset Market Clarity (CLARITY) Act without delay, warning that Senate floor time is limited and now is the moment to act. In a Wall Street Journal op-ed on Wednesday, Bessent said the legislation is critical for providing clear regulatory rules for digital assets, including cryptocurrencies, tokenized assets and decentralized exchanges. He warned that with the global crypto market rising to $3 trillion and nearly one in six Americans holding digital assets, the stakes for US leadership in financial innovation are higher than ever. “To preserve it and rise to the challenge before us, Congress must pass the Clarity Act. Senate floor time is scarce, and now is the time to act,” he wrote. Read more

High yield structure keeps STRC pinned at par while enabling large scale bitcoin purchases.

Allegedly, a cluster of crypto wallets drove FARTCOIN by 20% on Hyperliquid, then weaponized the platform's liquidation mechanics against it. The post Fartcoin Crypto Pump and Dump Hurts Hyperliquid: Coordinated $1.3 Million Drain? appeared first on Cryptonews.

On Feb. 6, staff mistakenly entered "BTC" instead of "KRW" in a promotion, crediting roughly 620,000 bitcoin worth over $40 billion.

The new fund launched amid a second straight day of outflows for Bitcoin ETFs, undercutting competitors with a 0.14% expense ratio.

Morgan Stanley’s Bitcoin ETF drew $30.6 million in first-day inflows, ranking second behind BlackRock’s IBIT as US spot Bitcoin ETFs clocked net outflows on Wednesday. The Morgan Stanley Bitcoin Trust (MSBT), the first spot Bitcoin exchange-traded fund (ETF) offered by a US bank, recorded $30.6 million in inflows on its trading debut, giving the Wall Street bank a respectable entry into the spot Bitcoin ETF market. MSBT started trading on the NYSE Arca on Wednesday, generating $34 million in trading volume, slightly above the expectations of Bloomberg ETF analyst Eric Balchunas, who predicted first-day volume would reach $30 million. As of April 8, MSBT held 444.4 Bitcoin (BTC), worth around $31.7 million, accounting for 0.03% of the estimated 1.29 million BTC collectively held by US spot BTC ETFs. Read more