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Circle has reaffirmed its stance amid criticism over its failure to intervene during the exploit that resulted in about 280 million dollars in losses from the Solana based Drift Protocol.

Speaking at a press conference in Seoul, Jeremy Allaire explained that the company faced a moral dilemma during the incident. He stated that Circle is not in a position to determine right or wrong in such situations and can only act within the boundaries of the law when it comes to freezing wallets. Because of this limitation, the company did not move to freeze the stolen assets during the attack.

The exploit itself drew widespread attention across the crypto industry. According to Drift Protocol’s internal review, the breach was not caused by a flaw in its smart contracts but by a coordinated attack. The attacker reportedly gained access to administrative permissions linked to the platform’s security council through social engineering that began about a week earlier. After securing partial multisignature approval, introducing a malicious asset, and lifting withdrawal restrictions, the attacker was able to execute pre approved transactions and drain funds.

Some analysts have connected the attack to the well known hacking group Lazarus Group. While investigations continue, blockchain investigator ZachXBT argued that the scale of the losses might have been reduced if Circle had frozen the stolen funds in time.

Reports indicate that around 230 million dollars in USD Coin was transferred from Solana to Ethereum using Circle’s cross chain infrastructure, with the movement taking place over dozens of transactions. ZachXBT claimed that Circle had the technical ability to halt these funds but did not act while the transfers were ongoing.

In response, Allaire emphasized that Circle only intervenes when legally required to do so. He warned that allowing the company to make independent decisions outside legal frameworks could introduce significant risks. Although Circle is engaging with regulators to explore clearer guidelines for emergency actions, he maintained that such decisions cannot be made unilaterally.

At the same time, Circle continues to expand its footprint in Asia. The company has signed agreements with major South Korean exchanges, including Upbit and Bithumb, to support broader adoption of USDC in the region.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Recent data indicates that Bitcoin may be approaching a potential rebound as its derivatives market reflects unusually strong bearish sentiment. Historically, extended periods of negative funding rates have often been followed by significant price increases.

According to analyst Jamie Coutts from Real Vision, the market is currently showing signs of excessive pessimism. His Derivative Risk Score has dropped to its lowest level, while Bitcoin’s seven day average funding rate ranks among the weakest readings recorded since 2020.

Looking at past trends, Coutts noted that similar stretches of negative funding have typically preceded strong recoveries. On average, Bitcoin has delivered gains of over 43 percent within ninety days following such periods.

Further analysis shows that since 2016, there have been fourteen instances where funding rates stayed negative for at least twenty days. In most of these cases, Bitcoin posted positive returns afterward, with average gains of around 20 percent over the next month and consistent upward performance over three months.

Coutts compared the current situation to three notable periods in Bitcoin’s history, including the 2018 to 2019 market downturn, the 2020 crash linked to COVID-19, and the 2021 market reaction to China’s mining restrictions. Each of these phases was followed by strong recoveries, with gains ranging from over 40 percent to more than 70 percent within three months.

The recent bearish stretch, which lasted about fifty days between February and March 2026, ranks among the longest on record. Based on historical patterns, this could indicate that the market is setting up for another upward move.

However, Coutts cautioned that the dataset is relatively small and not always reliable. He pointed out that in early 2018, when the derivatives market was still developing, similar signals led to losses instead of gains. He also emphasized that the indicator does not clearly distinguish between a temporary correction in a bullish market and a deeper, long term downturn.

Meanwhile, Bitcoin continues to face uncertainty amid broader market pressures. The asset recently experienced volatility after JD Vance announced that talks between the United States and Iran had failed to produce a resolution to ongoing tensions. At the time of writing, Bitcoin is trading significantly below both its price from a year ago and its previous peak in October 2025.

Additional pressure has come from the derivatives market itself. Analyst Darkfost reported a surge in selling activity on Binance shortly after the geopolitical update, pushing funding rates further into negative territory. Coutts estimates that rates have remained deeply negative since early April, suggesting the current trend is still unfolding.

Darkfost added that when a strong consensus forms around bearish positions, markets often move in the opposite direction. Even so, he warned that any potential rebound could remain limited if broader market conditions fail to improve.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Justin Sun has publicly criticized the Trump connected DeFi project World Liberty Financial over concerns about hidden control mechanisms within its system. At the center of the issue is a single external wallet that may have the power to freeze user funds, raising questions about who truly controls investors’ assets.

Sun, the founder of Tron and the largest investor in World Liberty Financial, is demanding transparency about the identities behind this anonymous wallet and a group of five individuals who allegedly have authority over critical functions of the platform. He argues that the current governance structure exposes users to decisions that can be made without their consent.

His concerns are based on an analysis of the project’s smart contracts, supported by blockchain researcher banteg. According to the findings, the original WLFI token released in September 2024 did not include a blacklist feature, although it allowed upgrades. This changed in August 2025 when a blacklist function was introduced shortly before the token sale. A later update in November 2025 added a mechanism that could reallocate funds in batches, which was described as a way to recover assets lost to scams but effectively functions as a seizure tool.

The investigation also highlighted differences in how tokens were assigned. Sun was placed in a unique category, separate from other investors. Shortly after activating his wallet, a multisignature group allowed a portion of his tokens to be transferred. He moved a significant amount, but his wallet was quickly frozen by an external address that appears to act both as a guardian and a signer within the system.

Sun is now calling on World Liberty Financial to reveal who controls these powerful accounts. He claims that a single individual may have the authority to freeze any user’s assets, a risk he says was never disclosed when he invested millions into the project.

He also argues that the platform’s claims of decentralized governance are misleading, suggesting that real control lies with a small, unidentified group rather than the broader community.

World Liberty Financial has rejected these accusations, stating that Sun is making unfounded claims and insisting that they have evidence to support their position. The dispute appears to be escalating, with both sides hinting at a possible legal battle.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin started the week with another drop, falling below 71000 dollars on Monday, leaving its short term direction uncertain. Despite the weakness, some market participants believe there could still be one more upward move before a larger correction takes hold.

Short Term Rise Could Precede Sharp Reversal

Crypto analyst Doctor Profit suggests that Bitcoin may experience a final push higher before entering a broader and more aggressive downturn. In his latest outlook, he assigns a strong probability to a move toward 76000 dollars.

He noted that the price could extend even further into the 79000 to 84000 dollar range, although it remains unclear how much strength the current momentum has before reversing.

According to his view, the broader trend remains bearish despite the potential for near term gains. He expects a significant decline in the coming weeks and believes the current price action could be forming a classic bull trap. In such a setup, temporary gains attract buyers before the market reverses sharply, leading to deeper losses.

He argues that this pattern is often driven by large market participants who create liquidity by drawing in buyers before pushing prices lower. As a result, he does not see the recent rebound as confirmation of a market bottom, but rather as part of a larger corrective phase that is still unfolding.

Broader Market Risks Add to Bearish Outlook

A key element of his analysis is tied to expectations for traditional financial markets. He forecasts a major correction in the S&P 500 within the next two months, potentially exceeding a 35 percent decline.

Such a drop would surpass the losses seen during the COVID-19 market crash and could have a significant impact on risk assets. In this scenario, Bitcoin is unlikely to remain unaffected and may follow equities into a sharper decline, creating what he describes as a domino effect across markets.

The analyst reiterated his expectation that Bitcoin could eventually fall toward the 50000 dollar range or even lower once the current upward phase is completed.

Geopolitical Tensions Continue to Weigh on Markets

Bitcoin’s recent weakness also comes amid rising geopolitical uncertainty following the breakdown of high level talks between the United States and Iran in Islamabad. Both sides blamed each other for the lack of progress, with US officials claiming Iran rejected the proposed terms, while Tehran described the demands as unreasonable.

Market sentiment worsened further after reports of a potential US naval blockade in the Strait of Hormuz, a key global oil route. Concerns over possible supply disruptions and escalating military tensions have added pressure across financial markets, including cryptocurrencies.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

BitMine Immersion Technologies has revealed a new acquisition of Ethereum, bringing its total holdings to 4.875 million ETH.

The firm’s overall portfolio, which includes Bitcoin holdings, cash reserves, and high risk investments often referred to as moonshots, is now valued at approximately 11.8 billion dollars.

Tom Lee, the company’s chairman and a strong advocate for Ethereum, remains optimistic about the asset despite its sharp pullback from its 2025 peak. He noted that Ethereum has delivered strong performance over the past six weeks, particularly following the escalation of conflict involving Iran.

Lee stated that the ongoing war has become a major influence on global markets, adding that Ethereum has emerged as the top performing asset during this period, gaining 17.4 percent and significantly outperforming the S&P 500. He also pointed out that Ethereum has surpassed gold by a wide margin, reinforcing his view of ETH as a potential store of value during times of geopolitical stress.

He further explained that the Ethereum ecosystem continues to benefit from growing institutional adoption, especially as Wall Street firms explore blockchain based tokenization, alongside increasing demand from advanced artificial intelligence systems that rely on open and neutral blockchain infrastructure.

As a result, BitMine has accelerated its accumulation strategy over the past month, maintaining the view that the market is nearing the end of a short term downturn.

The company’s most recent purchase of 71524 ETH represents its largest acquisition since mid December. With this addition, BitMine now controls more than 4 percent of Ethereum’s total supply.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

The largest corporate holder of Bitcoin has resumed its billion dollar buying activity after a short pause that even included a week without any purchases.

Strategy announced that it acquired 13927 BTC for about 1 billion dollars at an average price of 71902 dollars per coin. This brings its year to date yield to 5.6 percent, while its total holdings have reached 780897 BTC, accumulated at a cost of roughly 59 billion dollars.

Despite the massive accumulation, the company’s average purchase price remains higher than Bitcoin’s current market value, leaving it with an unrealized loss of around 3.5 billion dollars.

The latest acquisition follows a hint from co founder Michael Saylor, who posted a message encouraging investors to think bigger just a day earlier.

In a separate update, Saylor explained that Strategy’s Bitcoin breakeven annual return rate is slightly above 2 percent. He noted that if Bitcoin grows faster than this rate over time, the company could sustain its dividend obligations without issuing new MSTR shares.

Shares of the company, listed on the NASDAQ, have declined by more than 18 percent since the beginning of the year, largely reflecting Bitcoin’s own performance.

The purchase follows another significant acquisition last week, when Strategy bought 4871 BTC for approximately 330 million dollars. The week before that marked a rare pause, as the company did not announce any Bitcoin purchases for the first time in months.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Digital asset investment products recorded inflows of 1.1 billion dollars over the past week, marking the strongest weekly performance since early January. According to CoinShares, the rise reflects renewed investor confidence supported by easing geopolitical tensions involving Iran and softer than expected US spending and inflation data.

Trading activity also increased, with volumes rising 13 percent week over week to 21 billion dollars, although this remains below the yearly average of 31 billion dollars. Meanwhile, total assets under management have rebounded to levels last seen in early February.

Ethereum Shows Signs of Recovery

The latest Digital Asset Fund Flows report from CoinShares shows that Bitcoin attracted 871 million dollars in inflows during the week, bringing its year to date total close to 2 billion dollars. Despite this strong demand, some bearish positioning remains, as 20.2 million dollars flowed into short Bitcoin products, the highest level since November 2024.

Ethereum posted a notable comeback with inflows of 196.5 million dollars, although it still remains negative on a yearly basis. XRP followed with 19.3 million dollars in inflows, while most other assets saw limited movement.

Chainlink recorded 1.3 million dollars in inflows, and multi asset products added 3 million dollars. In contrast, Solana saw outflows of 2.5 million dollars, while Sui and Litecoin posted smaller declines of 2.4 million dollars and 0.4 million dollars respectively.

The majority of inflows came from the United States, which contributed 1.06 billion dollars or about 95 percent of the total. Germany followed with 34.6 million dollars, while Canada and Switzerland recorded 7.8 million dollars and 6.9 million dollars respectively. Smaller inflows were seen in the Netherlands and Brazil. On the other hand, Sweden and Australia reported minor outflows.

Market Shifts From Risk Seeking to Caution

Although last week reflected stronger risk appetite and increased capital allocation into crypto funds, analysts at QCP Capital noted that market conditions have shifted as geopolitical tensions resurfaced.

Bitcoin faced resistance near 74000 dollars following a broader move toward risk aversion triggered by the breakdown in US and Iran negotiations, which also pushed oil prices higher. Despite this, QCP Capital observed that overall sentiment remains relatively stable. Market volatility indicators have eased toward pre conflict levels, suggesting that panic has subsided even as uncertainty persists.

The firm added that Bitcoin continues to absorb geopolitical shocks and liquidation events, indicating steady underlying demand rather than weak positioning. Overall sentiment remains cautiously optimistic.

From a liquidity perspective, analysts at Bitunix identified the range between 72600 and 74100 dollars as a key resistance zone and an area where short liquidations could occur. They noted that without new capital inflows, Bitcoin may struggle to break above this range.

On the downside, the 70000 dollar level is seen as an important support zone. A break below this level could open the path toward 68000 dollars. Under current macroeconomic conditions, Bitcoin’s price direction remains closely tied to global liquidity trends rather than independent momentum.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Market sentiment around XRP has dropped to one of its lowest points in the past two years, according to new data from Santiment.

The analytics platform reports that retail sentiment has reached its third most bearish level in this period. With XRP losing about 63 percent of its value over the past nine months, discussions across social platforms have turned increasingly negative. However, Santiment notes that such extreme pessimism has historically been followed by short term price recoveries, offering a potential opportunity for contrarian investors.

Social Sentiment Enters Extreme Fear Territory

Santiment, which analyzes millions of social media posts daily using natural language processing to classify sentiment, highlighted in an April 13 update that the ratio of positive to negative XRP commentary on platforms like X and Reddit has dropped into what it describes as a fear driven zone.

This marks only the third time in the past two years that sentiment has reached such bearish extremes. According to the firm, market trends often move against the prevailing crowd sentiment.

The team explained that when optimistic commentary is replaced by widespread negativity, the likelihood of a rebound increases significantly. They also pointed out that as retail traders step away following XRP’s prolonged decline, the current environment may present opportunities for more patient participants.

Santiment referenced two previous cases in February and October 2025 when similarly negative sentiment levels were followed by strong upward price movements. In both situations, XRP rebounded shortly after, with the recovery following February described as particularly significant.

Mixed Signals for XRP Moving Forward

The sentiment data reflects a challenging period for XRP. After reaching an all time high of 3.65 dollars in July 2025, the asset entered a prolonged downtrend, falling to nearly 1.20 dollars in February 2026.

At present, XRP is trading around 1.33 dollars. It has declined by more than 5 percent over the past month and remains within a recent range between 1.30 and 1.38 dollars. On a yearly basis, the token is down close to 40 percent and remains roughly 64 percent below its peak.

Despite the weak price performance, there are some positive developments. Data from SoSoValue shows that spot XRP exchange traded funds recorded their largest single day inflows since early February, attracting more than 9 million dollars on April 10. Weekly inflows reached approximately 11.75 million dollars, reversing a period of minimal activity.

From a technical perspective, analysts are watching key levels closely. A move above 1.39 dollars could signal a shift in the short term trend, while holding support near 1.32 dollars, especially if Bitcoin strengthens, could pave the way for a more meaningful recovery.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

RaveDAO’s native token continues to stand apart from the broader market, delivering extraordinary gains with strong hourly increases and massive daily growth.

Rising geopolitical tensions involving the United States, Israel, and Iran have weighed on Bitcoin, which dropped to around 70500 dollars earlier today, its lowest level since last Thursday.

While most large cap altcoins have recorded only modest daily moves, RaveDAO and its token RAVE have continued an exceptional rally, with the price reaching about 9 dollars.

Bitcoin Declines Again

Bitcoin surged last Tuesday after the United States and Iran announced a temporary two week ceasefire, raising hopes for a longer term agreement. Despite mixed reports in the following days that created uncertainty around the situation, the asset maintained an upward trend.

The rally peaked on Saturday morning at over 73500 dollars, just hours before US and Iranian officials were scheduled to meet in Pakistan. However, sentiment shifted quickly after US Vice President JD Vance confirmed that no agreement had been reached, triggering an immediate drop of more than 2000 dollars.

Further downside followed after US President Donald Trump commented on the failed talks and warned of potential 50 percent tariffs on countries, including China, that might support Iran with weapons.

Bitcoin is currently trading below 71000 dollars, with its market capitalization falling to about 1.415 trillion dollars. Its dominance over altcoins has also declined to 56.8 percent, according to CoinGecko.

RAVE Continues Its Unmatched Rally

Over the past week, RAVE has emerged as the clear standout performer. The token has surged by approximately 3600 percent since last Monday and has gained more than 230 percent in just one day.

Its short term performance has been equally remarkable, rising about 18 percent within a single hour and reaching a new all time high close to 10 dollars earlier today. This surge has pushed it into the top 50 altcoins by market capitalization.

Meanwhile, most major altcoins remain subdued. Ethereum is trading below 2200 dollars after a 1.5 percent decline, BNB remains under 600 dollars, and XRP is hovering slightly above 1.32 dollars.

The total cryptocurrency market capitalization has dropped by more than 30 billion dollars over the past day, falling below 2.5 trillion dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Crypto markets opened the week under pressure in Asia as investors reacted to the collapse of negotiations between Iran and the United States. Analysts at The Kobeissi Letter noted that market participants are closely watching how oil and equity markets respond to the weekend’s developments.

US President Donald Trump is reportedly considering renewed limited military action in Iran alongside a naval blockade of the Strait of Hormuz, according to The Wall Street Journal. In a statement shared online, Trump criticized Iran for failing to reopen the strategic passage, saying the situation has caused widespread disruption and concern globally.

He also intensified his stance by warning that military action could resume shortly, emphasizing that the United States is prepared to act if necessary.

Key Economic Events This Week

Oil prices surged by about 7 percent on Sunday, climbing to around 104 dollars per barrel, while stock futures and crypto markets declined sharply. One of the most important economic releases this week is the March Producer Price Index data, scheduled for Tuesday. With energy costs rising again, inflation concerns have returned following recent increases in consumer price data.

On Thursday, investors will also monitor the Philadelphia Fed Manufacturing Index along with initial jobless claims. In addition, several appearances by officials from the Federal Reserve are expected throughout the week, which could influence expectations around interest rate policy. Rising inflation may increase pressure on the central bank to tighten monetary policy further, a scenario that typically weighs on crypto markets.

At the same time, major financial institutions including Goldman Sachs, JPMorgan Chase, Wells Fargo, and Citigroup are set to release their earnings reports, which could also impact broader market sentiment.

Crypto Market Declines Continue

The total cryptocurrency market capitalization dropped by roughly 70 billion dollars over the weekend, falling to just under 2.5 trillion dollars.

Bitcoin declined to around 70500 dollars early Monday before recovering slightly above 71000 dollars. However, a move back toward the upper 60000 dollar range appears increasingly likely if geopolitical tensions escalate further.

Ethereum also came under pressure, falling more than 3 percent and slipping below 2200 dollars. Meanwhile, the broader altcoin market has erased most of the gains recorded in the previous week.#crypto#cryptonews https://coinsignals.nethttps://t.me/coinsignalpublic