Happy Lunar New Year 2026 🎆

The 2026 Lunar New Year is upon us, and we're thundering into the Year of the Fire Horse 🐎 - the symbol of raw power, fearless speed, and unstoppable momentum!🔥

We thank you all, the GaFi community, who have held strong with us through the 2025 rollercoaster.

May your portfolio sprint forward, fast and unstoppable, through the pump and dump 🍾

The past week saw new developments in the Iran conflict, with $BTC recovering to the $66K-$67K zone following.

Here's what went down over the past 7 days:

1️⃣ Summary

- BTC: Rebounded to $66K–$67K. Apparently, weekend volatility is just its morning coffee. 📈
- Hyperliquid: TradFi investors are now trading oil and gold perps like it’s a casino. Welcome to the degens, suits. 🛢
- X (Twitter): Crypto ads are back! Just look for the "Paid" label (unless you’re in the EU/UK/AU—then it’s still "Forbidden"). 🚫
- Tether: Froze $4.2B in USDT. The Sheriff is in town, and he’s hitting the "Pause" button on everyone’s illicit funds. 🧊

2️⃣ Trending Narratives

Post-Iran flare-up caution lingers, but $BTC's quick recovery to $66K-$67K hints at resilience and potential accumulation as risk-off hedges shift to on-chain platforms like Hyperliquid.

3️⃣ Upcoming Events

- 20:15 Mar 04: ADP Private Employment Change for February (forecast: 49K, previous: 22K)
- 20:30 Mar 06: U.S. Nonfarm Payrolls for February

Every time people said: "Bitcoin is dead."

The crypto market is experiencing a correction influenced by escalating geopolitical tensions in the Middle East, surging oil prices, and broader risk-off sentiment.

Here's what went down in crypto over the past 7 days:

▶️ Summary:
▪️ Oil explodes past $110/barrel (Brent testing 2022's $130 highs) as Iran declares closure of the Strait of Hormuz.
▪️ BTC dumps to $66K. Extreme fear grips the market, heavily correlated with the oil surge and escalating regional conflict.
▪️ Altcoins are bleeding out. The sector is sinking underwater with severe market cap losses, underperforming BTC as liquidity dries up and investors flee risk.
▪️ Solv Protocol (SOLV) hacked, draining $2.7M USD.

▶️ Hot & Upcoming:
▪️ WLFI governance vote: Proposal requiring users to lock tokens for >180 days to retain/participate in voting rights - currently achieving overwhelming support at 99.31% approval.

This week, the crypto market stayed choppy and range-bound amid escalating geopolitical risks and macro uncertainty, with thin liquidity adding to the sideways grind.

Here's what went down in crypto over the past 7 days:

▶️ Summary:
▪️ BTC dipped toward mid-$60K before recovering; now consolidating tightly around $67K–$68K while ETH stuck in low $2K range
▪️ Resolv Labs' USR stablecoin hit hard from the exploit (~80M unbacked tokens minted, ~$23–25M drained, severe de-peg)
▪️ Layoffs at Crypto.com & Gemini blamed on AI efficiency gains and softer volumes
▪️ Iran threatened to completely close the Strait of Hormuz and attack energy infrastructure related to the US in response to President Trump's 48-hour ultimatum.

▶️ Trending Narratives:
⚡️ Iran and Energy Crisis
⚡️ AI

Circle ($CRCL), the issuer of USDC stablecoin, saw its stock crash 20%, after reports of a leaked Clarity Act draft that proposes strict limits or outright bans on yields/rewards for holding USDC.

🇮🇷 Iran demands CRYPTO payments from ships passing the Strait of Hormuz during ceasefire 🔥.

Tehran is now requiring digital currency tolls for safe passage, turning one of the world’s most critical chokepoints into a crypto toll booth. 🚢💰

Will $BTC reach $100K this month?

🚨 Kelp DAO Got Hacked for $293M, Aave and DeFi Lending Market ROCKED 🚨

Early April 19, a major exploit hit Kelp DAO. Hackers successfully tricked the platform's bridge, leading to the unauthorized release of 116,500 rsETH. This staggering amount, equivalent to approximately $293 million, was drained in under one minute.

The shockwaves of this attack immediately spread beyond Kelp DAO. Aave, the largest lending platform in DeFi, was directly impacted, and numerous other unrelated protocols also suffered.

The overall Total Value Locked (TVL) in the DeFi lending sector plunged from $53.4 billion to below $42.5 billion. In just two days, nearly $11 billion evaporated, marking a significant contraction of over 20% for the entire lending industry.

This massive security breach once again raises a critical question for the crypto space:

Can DeFi truly replace traditional banking, or are these security vulnerabilities an insurmountable obstacle?

An ETH Whale Moves 10,000 ETH After 10 Silent Years ♦️

This whale joined the 2015 Ethereum ICO.
Originally got 10,000 ETH at an entry price of $0.311/coin.

After 10 years silent, they transferred the entire 10,000 ETH to a new address (0xCD59) on April 29, 2026.

They HOLD from $3,110 value to $22.88 million!

What an absolute W.