BingX Crypto & Financial News
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BingX Crypto & Financial News
Tommy Shaughnessy, co-founder of Delphi Digital, criticized Circle for failing to freeze the USDC linked to the Drift exploit, despite having the ability to do so. He noted that Circle allows transactions to continue unchecked. ZachXBT also commented on Circle'sโ€ฆ
The fallout from the Drift incident continues to escalate, with the number of affected protocols rising from 11 to 20. Among the impacted entities are PiggyBank, Perena, Vectis, Valeo, Amp Pay, Loopscale, Prime Numbers Fi, Gauntlet, and Expent. Prime Numbers Fi has reportedly suffered losses exceeding $10 million. Wublockchain
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Circle plans to launch its own wrapped Bitcoin token, cirBTC, targeting institutional customers. The move aims to compete with Coinbase and BitGo. cointelegraph
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CEXIO reports that the total stablecoin supply increased by roughly $8 billion in the first quarter, reaching a record high of $315 billion. The growth rate was the slowest since Q4 2023 but still signaled expansion amid a contracting broader crypto market. cointelegraph
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CEXIO reports that the total stablecoin supply increased by roughly $8 billion in the first quarter, reaching a record $315 billion. While representing the slowest growth since Q4 2023, it still marks a rise amid a contracting broader cryptocurrency market. cointelegraph
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Santiment reports that the number of significant Chainlink holders has increased over the past year. As of April 2, 2025, there were 100 wallets holding at least one million LINK; by April 2, 2026, this number grew to 125. Despite this growth not correlating with immediate price movements amid a bearish trend in Bitcoin and the broader crypto market, investors should monitor assets that large holders may be quietly accumulating as market conditions improve.
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MARA, one of the largest publicly traded Bitcoin miners in the US, has laid off approximately 15% of its workforce across multiple departments as part of a strategic shift toward energy and digital infrastructure. The company reported a net loss of approximately $1.3 billion in 2025 and liquidated over 15,000 BTC to settle convertible debt. Wublockchain

Meanwhile, Bitcoin miner Riot Blockchain sold 3,778 BTC in the first quarter amid profitability pressures. Cointelegraph #mining
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MARA, one of the largest publicly traded Bitcoin miners in the US, has laid off approximately 15% of its staff across multiple departments amid a strategic shift toward energy and digital infrastructure. The company reported a net loss of approximately $1.3 billion in 2025 and sold over 15,000 BTC to settle convertible debt. Wublockchain

Meanwhile, Bitcoin miner Riot announced it sold 3,778 BTC in the first quarter, citing profitability challenges. Cointelegraph #mining
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Santiment reports project leaders in weekly growth of large transactions (over $100,000) among those with a market cap above $500 million.
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Santiment reports that certain projects with a market capitalization exceeding $500 million led weekly growth in large transactions over $100,000.
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Two new wallets received a total of 1,781 Bitcoin valued at $119.36 million from BitGo. Meanwhile, the account loracle.hl sold 311,946 HYPE tokens worth approximately $10.97 million via limit orders, reducing its holdings to 138,054 HYPE tokens valued at around $4.91 million. Additionally, a wallet associated with Erik Voorhees, who previously acquired 122,355 ETH valued at $264.37 million, spent 818,700 USDT to purchase an additional 396.7 ETH.
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BingX Crypto & Financial News
US Senate Majority Leader John Thune has indicated that the Senate will likely delay progress on the digital asset market structure legislation until April. Meanwhile, the House plans to prioritize the SAVE America Act before advancing bipartisan crypto legislation.โ€ฆ
The proposed legislation outlining the framework for the cryptocurrency market has been delayed as industry stakeholders convene to negotiate a revised compromise on stablecoin yields this week. #regulation coindesk
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Wublockchain โ€” The Head of Product at Platform X announced that, in response to rising cryptocurrency scams and phishing incidents, the platform will implement a new security protocol. Accounts sharing cryptocurrency-related information for the first time will be automatically blocked and required to undergo an identity verification process.
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CryptoRank reports that in the first quarter, the leading 10 centralized exchanges (CEX) saw a $10 trillion decrease in trading volume across the cryptocurrency sector.
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In the first quarter, the top 10 centralized exchanges (CEX) saw a $10 trillion decrease in trading volume across the cryptocurrency market.
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BingX Crypto & Financial News
Yesterday, net outflows from spot Bitcoin ETFs totaled approximately $173.7 million, while spot Ethereum ETFs saw net withdrawals of around $7.1 million.
Yesterday, spot Bitcoin ETFs saw approximately $9 million in net inflows, while spot Ethereum ETFs experienced net outflows totaling approximately $71.2 million.
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BingX Crypto & Financial News
Yesterday, net outflows from spot Bitcoin ETFs totaled approximately $173.7 million, while spot Ethereum ETFs saw net withdrawals of around $7.1 million.
Yesterday, spot Bitcoin ETFs experienced a net inflow of approximately $9 million, while spot Ethereum ETFs saw a net outflow of about $71.2 million.
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Binance CEO Changpeng Zhao announced that his book, "Freedom of Money," will be released next week.
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In the past 24 hours, approximately $277 million in Bitcoin contracts have been liquidated, comprising roughly $142 million in long positions and $135 million in short positions.
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Bitcoin contracts valued at approximately $277 million were liquidated over the past 24 hours, with longs totaling roughly $142 million and shorts around $135 million.
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The ATOM Leap Wallet, the cryptocurrency wallet serving the Cosmos ecosystem, will cease operations on May 28, 2026.
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