Bitcoin snapped a 5-month losing streak, closing March +2%, while Ethereum broke 6 months of decline with a +7% gain 📈
However, the bigger picture is still weak:
▪️ BTC closed Q1 at -22%
▪️ ETH dropped -29%
👀 Key level to watch: BTC faces strong resistance at $70K — a breakout could open the path to $75K.
⚠️ But markets remain highly dependent on macro headlines, especially statements from Donald Trump and escalating tensions around Strait of Hormuz, where the United Arab Emirates may get involved.
🤔 Q2 could turn green — but volatility and geopolitics will likely decide the direction.
However, the bigger picture is still weak:
▪️ BTC closed Q1 at -22%
▪️ ETH dropped -29%
👀 Key level to watch: BTC faces strong resistance at $70K — a breakout could open the path to $75K.
⚠️ But markets remain highly dependent on macro headlines, especially statements from Donald Trump and escalating tensions around Strait of Hormuz, where the United Arab Emirates may get involved.
🤔 Q2 could turn green — but volatility and geopolitics will likely decide the direction.
👍3👀1
🧪 New Zcash upgrade with EVM + airdrop angle
Core Foundation is launching its first “franchise protocol” — Z Protocol, a new L1 designed to scale Zcash.
📊 What’s new:
▪️ First attempt to bring EVM compatibility to Zcash
▪️ Uses Core’s “Satoshi Plus” model (mix of mining + staking)
▪️ Enables DeFi stack: trading, lending, stablecoin (USDZ)
⚡️ Tokenomics:
▪️ Part of fees goes back to Core
▪️ CORE holders get preferential access + potential airdrops
🧠 Big idea: combine privacy + EVM + AI-ready infra — targeting a niche where almost no serious competition exists.
🚀 Launch expected in H2 2026, with a focus on private DeFi and future AI-agent interactions on-chain.
Core Foundation is launching its first “franchise protocol” — Z Protocol, a new L1 designed to scale Zcash.
📊 What’s new:
▪️ First attempt to bring EVM compatibility to Zcash
▪️ Uses Core’s “Satoshi Plus” model (mix of mining + staking)
▪️ Enables DeFi stack: trading, lending, stablecoin (USDZ)
⚡️ Tokenomics:
▪️ Part of fees goes back to Core
▪️ CORE holders get preferential access + potential airdrops
🧠 Big idea: combine privacy + EVM + AI-ready infra — targeting a niche where almost no serious competition exists.
🚀 Launch expected in H2 2026, with a focus on private DeFi and future AI-agent interactions on-chain.
👍4🔥1🆒1
🔎 ECB looks into DeFi… using DeFi data
The European Central Bank used data from DefiLlama as a core source in its report on who can actually be regulated in DeFi.
🗝 Key insight:
Even without formal companies, DeFi isn’t as “ownerless” as it seems.
▪️ Control points still exist: developers, DAOs, governance token holders, oracles, frontends
▪️ “Full decentralization” is mostly theoretical — real influence is concentrated in specific groups
✔️ Conclusion: regulators may shift focus from abstract protocols to people and entities behind them — meaning DeFi could face more targeted regulation going forward.
The European Central Bank used data from DefiLlama as a core source in its report on who can actually be regulated in DeFi.
🗝 Key insight:
Even without formal companies, DeFi isn’t as “ownerless” as it seems.
▪️ Control points still exist: developers, DAOs, governance token holders, oracles, frontends
▪️ “Full decentralization” is mostly theoretical — real influence is concentrated in specific groups
✔️ Conclusion: regulators may shift focus from abstract protocols to people and entities behind them — meaning DeFi could face more targeted regulation going forward.
👍6🤨1
📊 Top crypto holders revealed
Arkham published an updated ranking of the top 100 richest on-chain verified crypto holders.
🏆 Top 5:
▪️ Binance — $136B
▪️ Coinbase — $88B
▪️ Satoshi Nakamoto — $72B
▪️ BlackRock — $58B
▪️ Lido — $38B
Also in the top 10: Fidelity, MicroStrategy (Strategy), the United States Government, Aave, and Robinhood — a new entrant.
📝 The list highlights growing institutional dominance, with exchanges, funds, and governments controlling a massive share of on-chain wealth.
Arkham published an updated ranking of the top 100 richest on-chain verified crypto holders.
🏆 Top 5:
▪️ Binance — $136B
▪️ Coinbase — $88B
▪️ Satoshi Nakamoto — $72B
▪️ BlackRock — $58B
▪️ Lido — $38B
Also in the top 10: Fidelity, MicroStrategy (Strategy), the United States Government, Aave, and Robinhood — a new entrant.
📝 The list highlights growing institutional dominance, with exchanges, funds, and governments controlling a massive share of on-chain wealth.
👍5
🎤 Trump’s “big speech” — markets not impressed 🤷
Donald Trump previewed his key talking points before addressing the nation: a possible end to the war in 2–3 weeks, threats to strike Iran, dismissal of the Strait of Hormuz importance, and confidence in the US economy.
📢 In the speech:
▪️ Aggressive rhetoric and escalation threats
▪️ Claims that Iran is already “defeated”
▪️ Mixed signals about ongoing negotiations
📉 Market reaction:
▪️ Brent oil → $108
▪️ Gold & silver down
▪️ S&P 500 futures падают
▪️ Bitcoin back below $67K
Bottom line: contradictory statements increased uncertainty and volatility. 🎢
While everyone tries to interpret the narrative, someone is clearly profiting from the chaos. 🤔
Donald Trump previewed his key talking points before addressing the nation: a possible end to the war in 2–3 weeks, threats to strike Iran, dismissal of the Strait of Hormuz importance, and confidence in the US economy.
📢 In the speech:
▪️ Aggressive rhetoric and escalation threats
▪️ Claims that Iran is already “defeated”
▪️ Mixed signals about ongoing negotiations
📉 Market reaction:
▪️ Brent oil → $108
▪️ Gold & silver down
▪️ S&P 500 futures падают
▪️ Bitcoin back below $67K
Bottom line: contradictory statements increased uncertainty and volatility. 🎢
While everyone tries to interpret the narrative, someone is clearly profiting from the chaos. 🤔
👍4🤗1
😮 $285M hack hits DeFi
Overnight, an unknown attacker exploited Drift Protocol, draining ~ $285M in various tokens.
💰 Biggest losses:
▪️ $JLP — ~$160M
▪️ USD Coin — ~$71M
🕵️♂️ ZachXBT criticized Circle for a slow response — the hacker reportedly bridged USDC to Ethereum and swapped it before any freeze could happen.
📉 Market reaction was chaotic:
▪️ $DRIFT dropped ~30%
▪️ On Bithumb, it spiked ~180% (KRW pair)
🧩 The situation is still unfolding — no official post-mortem yet. Meanwhile, traders are already turning the chaos into opportunity.
Overnight, an unknown attacker exploited Drift Protocol, draining ~ $285M in various tokens.
💰 Biggest losses:
▪️ $JLP — ~$160M
▪️ USD Coin — ~$71M
🕵️♂️ ZachXBT criticized Circle for a slow response — the hacker reportedly bridged USDC to Ethereum and swapped it before any freeze could happen.
📉 Market reaction was chaotic:
▪️ $DRIFT dropped ~30%
▪️ On Bithumb, it spiked ~180% (KRW pair)
🧩 The situation is still unfolding — no official post-mortem yet. Meanwhile, traders are already turning the chaos into opportunity.
👍3❤2👾1
📊 DEX activity cools down
In March, spot trading volume on decentralized exchanges dropped to $155B — the lowest level since September 2024.
📉 The decline signals weakening on-chain activity and reduced retail participation, following months of market pressure.
⚠️ Lower volumes often mean less liquidity and higher volatility, making price moves less predictable.
🤔 For now, the trend suggests traders are either stepping back or shifting back to centralized platforms — at least until stronger market momentum returns.
In March, spot trading volume on decentralized exchanges dropped to $155B — the lowest level since September 2024.
📉 The decline signals weakening on-chain activity and reduced retail participation, following months of market pressure.
⚠️ Lower volumes often mean less liquidity and higher volatility, making price moves less predictable.
🤔 For now, the trend suggests traders are either stepping back or shifting back to centralized platforms — at least until stronger market momentum returns.
❤4👍3👻1
🅱️ Bitcoin holders are locking in heavy losses
Since October 2025, realized losses on Bitcoin have exceeded $64.2B, according to CryptoQuant. 🧐
📉 This reflects strong selling pressure and capitulation from investors during recent market weakness.
However, in perspective:
▪️ 2021–2022 bear market losses reached $125.2B
🤔 Conclusion: current pain is significant, but still far from previous bear market extremes — suggesting the cycle may not be fully exhausted yet.
Since October 2025, realized losses on Bitcoin have exceeded $64.2B, according to CryptoQuant. 🧐
📉 This reflects strong selling pressure and capitulation from investors during recent market weakness.
However, in perspective:
▪️ 2021–2022 bear market losses reached $125.2B
🤔 Conclusion: current pain is significant, but still far from previous bear market extremes — suggesting the cycle may not be fully exhausted yet.
👍2👀1
📊 Geopolitics heating up during market pause
Due to Easter, US stock markets are closed until April 6 — creating a window where major events could unfold without immediate market reaction.
According to Donald Trump’s logic, this could be the “perfect timing” for a ground operation against Iran.
📊 On Polymarket, odds of a US landing operation in April are already at 67%.
⚠️ However, intelligence sources say Iran still retains:
▪️ ~50% of missile launch systems
▪️ Thousands of drones
▪️ A large arsenal of anti-ship cruise missiles 🤔
Due to Easter, US stock markets are closed until April 6 — creating a window where major events could unfold without immediate market reaction.
According to Donald Trump’s logic, this could be the “perfect timing” for a ground operation against Iran.
📊 On Polymarket, odds of a US landing operation in April are already at 67%.
⚠️ However, intelligence sources say Iran still retains:
▪️ ~50% of missile launch systems
▪️ Thousands of drones
▪️ A large arsenal of anti-ship cruise missiles 🤔
👍2👀1
📉 Public companies are selling Bitcoin
Several firms that previously followed Michael Saylor’s accumulation strategy are now reducing their Bitcoin holdings.
📊 Recent moves:
▪️ Empery Digital sold 370 BTC (~$24.7M), cutting reserves from ~4000 to 2989 BTC
▪️ Genius Group fully exited BTC, selling its last 84 coins to cover debt
▪️ Riot Platforms moved another 500 BTC (~$34M) to exchanges, continuing to fund AI projects
💰 Despite selling, public companies still hold ~1.16M BTC (>5% of supply).
▪️ ~762K BTC is held by MicroStrategy (Strategy), the largest corporate holder
🤔 Trend shift: some players are taking profits or reallocating, while Strategy remains the dominant long-term accumulator.
Several firms that previously followed Michael Saylor’s accumulation strategy are now reducing their Bitcoin holdings.
📊 Recent moves:
▪️ Empery Digital sold 370 BTC (~$24.7M), cutting reserves from ~4000 to 2989 BTC
▪️ Genius Group fully exited BTC, selling its last 84 coins to cover debt
▪️ Riot Platforms moved another 500 BTC (~$34M) to exchanges, continuing to fund AI projects
💰 Despite selling, public companies still hold ~1.16M BTC (>5% of supply).
▪️ ~762K BTC is held by MicroStrategy (Strategy), the largest corporate holder
🤔 Trend shift: some players are taking profits or reallocating, while Strategy remains the dominant long-term accumulator.
👍3👀1
📊 Perp DEX market snapshot
Hyperliquid dominates the perp DEX space with:
▪️ $7B open interest
▪️ $200B monthly volume
▪️ ~54% of total DEX perpetual activity
🚀 The surge is largely driven by oil-related contracts, which spiked amid the conflict involving Iran.
📈 Traders are активно rotating into geopolitical narratives, turning commodities like oil into one of the hottest plays on-chain.
🤔 Takeaway: perp DEX activity is increasingly tied not just to crypto, but to global macro — and right now, war = volume.
Hyperliquid dominates the perp DEX space with:
▪️ $7B open interest
▪️ $200B monthly volume
▪️ ~54% of total DEX perpetual activity
🚀 The surge is largely driven by oil-related contracts, which spiked amid the conflict involving Iran.
📈 Traders are активно rotating into geopolitical narratives, turning commodities like oil into one of the hottest plays on-chain.
🤔 Takeaway: perp DEX activity is increasingly tied not just to crypto, but to global macro — and right now, war = volume.
👍5
📆 Bitcoin halfway to next halving
Hard to believe, but in just ~1,600 blocks (~11 days), Bitcoin will reach the midpoint to the next halving.
🎯 This milestone is expected at block 945,000, according to Glassnode.
⛏️ It means half of the emission cycle since the last halving is already behind us — and historically, this phase often marks a shift in market dynamics.
🤔 With supply tightening over time, attention now turns to how demand will react as the next halving gradually approaches.
Hard to believe, but in just ~1,600 blocks (~11 days), Bitcoin will reach the midpoint to the next halving.
🎯 This milestone is expected at block 945,000, according to Glassnode.
⛏️ It means half of the emission cycle since the last halving is already behind us — and historically, this phase often marks a shift in market dynamics.
🤔 With supply tightening over time, attention now turns to how demand will react as the next halving gradually approaches.
👍7❤1🤷♀1
🇺🇸🇮🇷 US–Iran Tensions: Ceasefire Talks vs New Deadline
Reports suggest the US, Iran, and mediators are discussing a 45-day ceasefire — a potential first step toward ending the conflict. 🧐
At the same time, Donald Trump has issued a new ultimatum: Iran must reopen the Strait of Hormuz, or face possible strikes on its energy infrastructure.
Markets reacted unevenly:
📈Crypto showed optimism — BTC gained ~3% in 24h, trading near $69K
😴Traditional markets remained muted due to extended Easter holidays in the US (stock exchanges closed)
Reports suggest the US, Iran, and mediators are discussing a 45-day ceasefire — a potential first step toward ending the conflict. 🧐
At the same time, Donald Trump has issued a new ultimatum: Iran must reopen the Strait of Hormuz, or face possible strikes on its energy infrastructure.
Markets reacted unevenly:
📈Crypto showed optimism — BTC gained ~3% in 24h, trading near $69K
😴Traditional markets remained muted due to extended Easter holidays in the US (stock exchanges closed)
🔥2❤1👍1
Crypto soothsayer
😮 $285M hack hits DeFi Overnight, an unknown attacker exploited Drift Protocol, draining ~ $285M in various tokens. 💰 Biggest losses: ▪️ $JLP — ~$160M ▪️ USD Coin — ~$71M 🕵️♂️ ZachXBT criticized Circle for a slow response — the hacker reportedly bridged…
🇰🇵 Drift Hack: 6 Months of Social Engineering
On April 1, Drift Protocol lost $285M — the largest DeFi hack of 2026. The exploit itself took just 12 minutes.
Behind it: a North Korea-linked group (same actors as the Radiant Capital hack in 2024).
How it happened:
1️⃣ Hackers spent 6 months posing as an algo trading firm
2️⃣ Built trust via conferences & technical discussions
3️⃣ Deposited $1M of their own funds into the platform
4️⃣ Shared “tools” that infected team devices
5️⃣ Gained access to multisig signers from the governance council
Result: They used compromised signatures to execute hidden transactions and take control of the protocol — draining user funds in minutes.
Key takeaway: This wasn’t a code exploit — it was a human exploit. Even top audits don’t protect against social engineering.
On April 1, Drift Protocol lost $285M — the largest DeFi hack of 2026. The exploit itself took just 12 minutes.
Behind it: a North Korea-linked group (same actors as the Radiant Capital hack in 2024).
How it happened:
1️⃣ Hackers spent 6 months posing as an algo trading firm
2️⃣ Built trust via conferences & technical discussions
3️⃣ Deposited $1M of their own funds into the platform
4️⃣ Shared “tools” that infected team devices
5️⃣ Gained access to multisig signers from the governance council
Result: They used compromised signatures to execute hidden transactions and take control of the protocol — draining user funds in minutes.
Key takeaway: This wasn’t a code exploit — it was a human exploit. Even top audits don’t protect against social engineering.
👍4👾1
₿ Strategy Keeps Buying Bitcoin
Strategy (Michael Saylor’s company) continues to accumulate BTC despite market uncertainty. Between March 30 and April 5, they bought 4,871 BTC for ~$329.9M at an average price of $67,718. 💰
In total, the company now holds 766,970 BTC — that’s over 3% of the entire supply. Since 2020, they’ve spent around $58B accumulating Bitcoin, with an average entry near $75,644. 💵
Even though BTC is still below their average cost, Michael Saylor isn’t changing strategy — it’s still all about long-term accumulation.
Strategy (Michael Saylor’s company) continues to accumulate BTC despite market uncertainty. Between March 30 and April 5, they bought 4,871 BTC for ~$329.9M at an average price of $67,718. 💰
In total, the company now holds 766,970 BTC — that’s over 3% of the entire supply. Since 2020, they’ve spent around $58B accumulating Bitcoin, with an average entry near $75,644. 💵
Even though BTC is still below their average cost, Michael Saylor isn’t changing strategy — it’s still all about long-term accumulation.
🔥3