Author: NBTC

The aftershocks of the Saturday’s KelpDAO hack are spreading through stablecoin markets in ways that were not immediately obvious. Int he first 24 hours post the attack, users on Aave borrowed approximately $300 million against their tether deposits of stablecoin tether on the platform, according to Chaos Labs data. The borrowing spike isn’t a sign of demand; it is a sign users can’t withdraw. With stablecoin pools maxed out, depositors are taking loans against their own funds at a loss just to access liquidity. Think of it this way: Imagine a bank refusing to process customer fiat deposit withdrawal requests.…

Ethereum’s market structure is tightening as staking activity continues to rise, steadily reducing the liquid supply available for trading. With over 32% of $ETH now staked, a significant portion remains locked, which compresses the tradable float across exchanges. This shift matters because it directly impacts market depth, making order books thinner over time. Source: TokenTerminal As liquidity tightens, price becomes more sensitive to incoming demand, which allows even moderate inflows to drive sharper upside moves. However, this same condition introduces fragility, as thinner liquidity reduces the market’s ability to absorb selling pressure. If support weakens, downside moves can accelerate quickly,…

U.S. CLARITY Act faces a May delay as banks fight stablecoin yields, clashing with a White House report that says the lending impact is just 0.02%. The U.S. CLARITY Act, a landmark effort to define stablecoin and broader crypto market structure, is at risk of being pushed from an expected April review into May as bank lobbying around stablecoin yield provisions intensifies on Capitol Hill. According to newsletter outlet Crypto In America, the Senate Banking Committee has until Friday to decide whether to notice the bill for markup the week of April 27, but the calendar is already crowded by…

OKX founder Mingxing “Star” Xu boosts ZachXBT’s bounty on alleged $RAVE token manipulation to $25,000 after a 95% crash from roughly $26 to near $1 wipes out billions in value. OKX founder and CEO Star said the exchange will contribute an additional $25,000 bounty to back on‑chain investigator ZachXBT’s probe into suspected market manipulation of the $RAVE token, adding to the sleuth’s own reward pool. OKX joins hunt for $RAVE manipulators In a post amplifying ZachXBT’s thread on X, Star said OKX’s “risk engine is monitoring the situation closely” and that the exchange would “support any efforts to uncover insider…

The crypto market is trading back in familiar territory following a short-lived spike to its highest point since early February on Friday. Bitcoin is trading a hair under $75,000 while ether ($ETH) is at $2,300, both significantly lower than Friday’s highs of $78,300 and $2,460. One reason for traders to be bullish is that the bitcoin futures market on the CME, a venue favored by institutions, closed at $77,540 on Friday and opened at $74,600 to create “CME gap” that spans 3.8% to the upside. A similar gap occurred last week and was filled before the end of the day…

Ethereum price started a fresh decline and traded below $2,350. $ETH is now consolidating above $2,250 and might struggle to recover. Ethereum started a downside correction from the $2,465 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,300 on the hourly chart of $ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,250 zone. Ethereum Price Dips Again Ethereum price failed to remain stable above $2,420 and started a downside correction, like Bitcoin. $ETH price dipped below…

A critical week has begun for the CLARITY Act, which is expected to shape regulations for the cryptocurrency market in the US. Whether the bill will be brought before committees in April or postponed to May will become clear this week, depending on political and industry developments in Washington. The first key item on the agenda will be the Senate Banking Committee’s hearings with Kevin Warsh earlier this week. Following these discussions, the committee needs to decide by Friday whether to initiate the formal notification process necessary for the bill to be voted on during the week of April 27.…

Kenyan crypto traders have gone on record about the freezing of their Binance accounts, which has persisted for over two months since the DCI made its request. No charges have been filed, no court order has been issued, and no time frame has been given for when the problem will be resolved. This has sparked debate once again on the issue of striking the fine line between cooperation and user protection in Kenya’s dynamic crypto space. Kenyan traders’ silent struggles with frozen assets As mentioned in the X thread by the affected user, he received an email from Binance stating…

Market dynamics continue to paint a bullish picture for bitcoin even as Iran-related developments and DeFi hacks dominate headlines. U.S.-listed spot ETFs pulled in $663 million on Friday, the most since Jan. 15. Total inflows reached $996 million last week, up from $786 million the week prior, according to data source SoSoValue. This points to strong institutional interest in the largest cryptocurrency. For a meaningful price rally to emerge, it’s a trend that needs to be sustained. “ETF flow regimes provide a secondary read: Sustained inflows signal structural demand, while intermittent flows indicate tactical positioning, with consistency mattering more than…

Recent concerns about advancements in quantum technology have become a significant and widely debated topic in the cryptocurrency market. At this point, the cryptocurrency sector is intensifying its efforts to improve quantum resilience following a significant research report published by Google in late March. In this context, the quantum threat is not only worrying the Bitcoin (BTC) and Ethereum ($ETH) communities, but altcoins have also taken action against quantum risk. Finally, Ethereum ($ETH) founder Vitalik Buterin also made a statement and announced the five-year roadmap. In his opening address titled “The Future Direction of the Ethereum Protocol” at the 2026…