Crypto

Also: DPRK hacking crypto, Aave contagion and Coinbase on quantum computing.

Ethereum’s record 32.33% staking ratio is shrinking liquid supply, reducing sell pressure and potentially supporting an ETH price recovery over time. Ether (ETH) has fallen about 5.5% against Bitcoin (BTC) over the past week, and a bearish continuation setup now points to the risk of deeper losses ahead. Key takeaways: ETH/BTC’s bear flag pattern points to a possible 10% drop toward 0.026 BTC in May. Read more

Sun claims the WLFI team froze his tokens, threatened burning, and denied repeated requests to restore access and participation rights immediately.

In this week’s Crypto Long & Short Newsletter, Jennifer Rosenthal writes on the need to protect the people actually building DeFi infrastructure. Then, Alexis Sirkia comments on how Ethereum's L2 strategy is failing due to a fundamental design flaw.

The problem is structural and as long as bridges depend on complex systems with shared infrastructure and hidden trust assumptions, they will remain vulnerable.

The Trump family-linked mining and treasury company announced 11,298 additional bitcoin mining ASICs at its Drumheller site.

Crypto market maker GSR has launched an actively managed ETF on the Nasdaq that includes Bitcoin, Ethereum, and Solana.

Sui DeFi Protocol Volo Exploited, Team to Cover Losses The post SUI Crypto DeFi Protocol Volo Exploited as Team Commits to Absorbing User Losses appeared first on Cryptonews.

Kalshi is reportedly preparing to offer US crypto perpetual futures, while Polymarket announced today that perpetual contracts are coming to its platform and opened early access sign-ups. Hyperliquid's docs support outcome token trading alongside its mainnet-deployed perpetuals via the Hyperliquid Improvement Proposal 4 (HIP-4). Pump.fun has evolved over the past few years into a social […] The post Crypto is leading the race to build the ultimate gambling super-app appeared first on CryptoSlate.

Bitcoin is seeing a short squeeze dynamic and steady U.S. demand to support gains.

BTC pushed to an 11-week high with dynamics for a short squeeze building, one analyst noted.

The legislation would license crypto exchanges and permit cross-border cryptocurrency use while maintaining domestic payment restrictions.

The sites were targeted for facilitating P2P trading without required registration or anti-money laundering controls, posing a financial crime risk.

GSR is entering the asset management space with a new Nasdaq-listed ETF that actively manages a basket of bitcoin, ether and solana while offering investors a chance to earn staking yields.

Publicly-traded miner American Bitcoin expands its owned hash rate, with its share price continuing to climb after hitting a low in March.

Security researchers linked a new “Mach-O Man” malware kit to a Lazarus campaign that uses fake meeting invites and ClickFix prompts to steal credentials and access corporate systems on macOS. Security researchers have linked a new macOS malware campaign to the Lazarus Group, the North Korea-linked hacking operation behind some of the crypto industry’s biggest thefts. Flagged on Tuesday, the new “Mach-O Man” malware kit is distributed via “ClickFix” social engineering schemes across traditional businesses and crypto companies, according to Mauro Eldritch, offensive security expert and founder of threat intelligence company BCA Ltd. Victims are lured into a fake Zoom or Google Meet call where they are prompted to execute commands that download the malware in the background, allowing attackers to bypass traditional controls without detection to gain access to credentials and corporate systems, the security researcher said in a Tuesday report. Read more

HIVE raises $115M to expand data centers while Keel exits Latin America, redirecting funds into HPC and AI as both stocks climb 4%.

Stratiphy will offer access to three ETNs provided by 21Shares: those covering bitcoin, ether and one combining BTC and gold.

The exchange set maker fees at 0% and taker fees at 0.02% across all pairs, extending near-zero pricing to all users with no volume tiers or subscription requirements. Update (April 22 7:49 PM UTC): This article has been updated to reflect the relationship between Binance.US and Binance in the eighth paragraph. Binance.US has reduced spot trading fees to 0% for makers and 0.02% for takers across all trading pairs, extending near-zero pricing to all users without volume thresholds or subscription requirements. The new pricing replaces the platform’s tiered fee structure and applies to all accounts, with the company saying the move could reduce trading costs by as much as 98% compared with competitors such as Coinbase. Read more

Aave’s supplied balance has tanked since the Kelp DAO bridge exploit, as users pull funds amid uncertainty over how much of the rsETH-linked shortfall the protocol will ultimately absorb. Aave, the largest decentralized lending protocol, has seen around $15 billion in deposits withdrawn since the Kelp Dao exploit on Saturday.  Total value supplied to Aave fell from $45.8 billion on Saturday to $30.8 billion on Wednesday, according to Aavescan data. The decline followed an attack that drained about 116,500 restaked Ether (rsETH), worth roughly $293 million, from Kelp DAO’s LayerZero-powered rsETH bridge. The exploiter then used part of the stolen funds to borrow on Aave. Read more