🕵️ The KelpDAO hacker has swapped nearly all of its 75,700 ETH holdings, worth about $175 million, into #BTC over roughly a day and a half.
The cross-chain swaps were primarily routed through THORChain. Due to the sheer size of the transactions, the laundering activity also generated about $800 million in volume and roughly $910,000 in platform fee revenue for THORChain. #hack
The cross-chain swaps were primarily routed through THORChain. Due to the sheer size of the transactions, the laundering activity also generated about $800 million in volume and roughly $910,000 in platform fee revenue for THORChain. #hack
🇺🇸🔮 New York and Illinois have signed an order prohibiting government officials from participating in prediction markets.
Two US Congressional candidates and one sitting legislator have been fined and banned by Kalshi after it was revealed that they were betting on the outcomes of their own elections.
Two US Congressional candidates and one sitting legislator have been fined and banned by Kalshi after it was revealed that they were betting on the outcomes of their own elections.
🗣 Pornhub Replaces USDT with USDC for Creator Payouts
According to Protos, Pornhub has replaced USDT with USDC for creator payouts.
A circulated email states that the move aims to improve payment reliability, describing USDC as a regulated stablecoin compliant with MiCA. USDT is no longer listed as a payout option. #stablecoin
According to Protos, Pornhub has replaced USDT with USDC for creator payouts.
A circulated email states that the move aims to improve payment reliability, describing USDC as a regulated stablecoin compliant with MiCA. USDT is no longer listed as a payout option. #stablecoin
🗣 MetaMask Co-Founder Dan Finlay announced that today is his last day at ConsenSys after over ten years of working on MetaMask. He expressed feeling burnt out and the need to spend time with his family, wishing the team all the best for their future journey.
🇬🇧💰 Pantera Urges LSE-listed Bitcoin Treasury Company Satsuma to Sell $50 Million in Bitcoin
According to Bloomberg, sources revealed that crypto venture fund Pantera Capital is urging London-listed Satsuma Technology Plc to sell its remaining $50 million worth of Bitcoin and return the proceeds to shareholders.
Pantera holds approximately a 7% stake in Satsuma. Ranald McGregor-Smith, Executive Chairman of Satsuma, confirmed that some shareholders have requested the return of capital.
According to Bloomberg, sources revealed that crypto venture fund Pantera Capital is urging London-listed Satsuma Technology Plc to sell its remaining $50 million worth of Bitcoin and return the proceeds to shareholders.
Pantera holds approximately a 7% stake in Satsuma. Ranald McGregor-Smith, Executive Chairman of Satsuma, confirmed that some shareholders have requested the return of capital.
🐳 Whales just did something they haven't done since 2013.
Wallets holding 1,000+ $BTC net-accumulated approximately 270,000 coins over the last 30 days, marking the largest monthly absorption in over a decade.
Meanwhile, exchange reserves hit a 7-year low, with Binance shedding ~18,200 BTC and Coinbase ~14,800.
Our Whale vs Retail Delta flipped before headlines caught up, as the cohort nobody watches was loading while the timeline was calling for $60K.
Wallets holding 1,000+ $BTC net-accumulated approximately 270,000 coins over the last 30 days, marking the largest monthly absorption in over a decade.
Meanwhile, exchange reserves hit a 7-year low, with Binance shedding ~18,200 BTC and Coinbase ~14,800.
Our Whale vs Retail Delta flipped before headlines caught up, as the cohort nobody watches was loading while the timeline was calling for $60K.
🔝 IDO performance in 2026 - ranked by ROI
In 2026, out of 38 IDOs, only 1 has shown positive ROI: #OCT (octra) launched on Uniswap. Over 50% of tokens from IDOs have dropped by -99% or more, highlighting the risks of the current IDO landscape.
In 2026, out of 38 IDOs, only 1 has shown positive ROI: #OCT (octra) launched on Uniswap. Over 50% of tokens from IDOs have dropped by -99% or more, highlighting the risks of the current IDO landscape.
💰 Yang Haipo: Cryptocurrency is Heading Towards an Inevitable Endgame
Yang Haipo, founder of CoinEX and ViaBTC, expressed concern about the cryptocurrency industry. He stated that Bitcoin's significant decline from its trillion-dollar market capitalization is unavoidable, likening the industry's structure to that of a casino, which fails to produce real profits. He noted that ETFs and DAT represent the final capital injections into the crypto space, with the list of buyers becoming exhausted and the system continuing to lose tens of billions of dollars annually, while channels for capital injection are diminishing.
Yang Haipo, founder of CoinEX and ViaBTC, expressed concern about the cryptocurrency industry. He stated that Bitcoin's significant decline from its trillion-dollar market capitalization is unavoidable, likening the industry's structure to that of a casino, which fails to produce real profits. He noted that ETFs and DAT represent the final capital injections into the crypto space, with the list of buyers becoming exhausted and the system continuing to lose tens of billions of dollars annually, while channels for capital injection are diminishing.
📊🤔 #BTC A clean reclaim and hold above $80K would signal that this level has flipped from resistance to support. Rejection here, however, would confirm it as overhead supply, extending the drawdown for both cohorts into Q2.
🇦🇺🕵️ RealGo from Australia announced the completion of its strategic financing, exceeding $3.5 million. The project has completed both the Early Investor and Strategy rounds, with investors including Animoca Brands, Cogitent Ventures, X21 Digital, Notch VC, and Becker Ventures. RealGo is positioned as a meme 3.0-driven IP gaming and ecosystem application platform, with over 250,000 users accumulated. #gamefi
😱 Bears paid to stay short for 46 straight days.
$BTC perp 30-day average funding has been below zero since March 1. Open interest climbed approximately 12% in the same window.
Rising open interest and negative funding indicate new shorts stacking rather than capitulating longs, creating a crowded-short regime.
Our derivatives screener flagged this setup weeks before yesterday's $79K print. Similar configurations in history have resolved violently.
$BTC perp 30-day average funding has been below zero since March 1. Open interest climbed approximately 12% in the same window.
Rising open interest and negative funding indicate new shorts stacking rather than capitulating longs, creating a crowded-short regime.
Our derivatives screener flagged this setup weeks before yesterday's $79K print. Similar configurations in history have resolved violently.
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🇪🇹⛏️ #BTC BitCluster is constructing a 120 MW Bitcoin mining data center in Ethiopia, leveraging the country’s ideal climate and abundant renewable energy. Ethiopia aims to double its share of global hashrate from 2.5% to 5% this year.
🇺🇸📝 #macro USA - Initial Jobless Claims = 214k (exp 212k / prev 207k)
USA - Continuing Jobless Claims = 1.821M (exp 1.819M / prev 1.818M)
USA - Continuing Jobless Claims = 1.821M (exp 1.819M / prev 1.818M)
🇺🇸📝 USA - Chicago Fed National Activity Index (March) = -0.2 (-0.11 expected — prior +0.11) #macro