Muhammad khizir Hayat

The global cryptocurrency market cap now stands at $2.31T, up by 0.04% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $66,612 and $67,563 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $67,017, up by 0.06%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include D, STO, and SOLV, up by 79%, 56%, and 28%, respectively.
 
North Korean DeFi Threats, Bitcoin Cycle Debates, and AI Policy Tensions Reshape Market Narratives
Crypto markets stayed relatively stable, but underlying risks and narratives shifted sharply. Drift’s attribution of its recent attack to a North Korean-linked actor highlighted the growing sophistication of state-sponsored threats to DeFi. At the same time, Michael Saylor’s claim that Bitcoin’s four-year cycle is over clashed with deeply bearish social sentiment that may now be flashing contrarian signals, while Polymarket’s latest controversy and Anthropic’s expanding political and geopolitical battles underscored rising scrutiny across adjacent digital markets.
 
Drift: North Korean Hackers Behind Recent Attack, Same Actor as 2024 Radiant Capital Breach 
Quick Takeaway:
The attribution of the Drift attack to North Korean-linked UNC4736 underscores the persistent and escalating threat that state-sponsored actors pose to DeFi infrastructure.
Summary:
Drift confirmed that the April 1st attack was executed by UNC4736, the same North Korean government-linked group behind the October 2024 Radiant Capital hack, with matching on-chain fund flows and operational methods. The six-month premeditation — involving operatives posing as a quantitative trading firm to target contributors at international crypto conferences — highlights the growing sophistication of state-sponsored social engineering campaigns against DeFi protocols.
 
Project 0 Resumes Operations After Drift Protocol Hack 
Quick Takeaway:
Project 0's socialized loss distribution following the Drift hack highlights the contagion risks embedded in cross-protocol margin structures, where users face write-downs regardless of direct exposure.
Summary:
Decentralized lending protocol Project 0 resumed operations after pausing due to the Drift hack, distributing roughly $1.9 million in socialized losses across its credit pool, with write-downs ranging from 1% for stablecoins to 6.62% for governance tokens. The incident highlights the systemic vulnerabilities of unified credit pool models, where cross-protocol margin mechanisms can expose users to losses from protocols they never directly engaged with — raising concerns about risk transparency and liability in interconnected DeFi lending markets.
 
Michael Saylor: Bitcoin has won, four-year cycle is over 
Quick Takeaway:
Saylor's declaration that Bitcoin's four-year cycle has ended reflects growing conviction that the asset is transitioning from speculative, halving-driven dynamics to institutional capital flow-driven price discovery.
Summary:
Michael Saylor stated publicly that Bitcoin has "won" and that the traditional four-year halving cycle is no longer the primary market driver, asserting that capital flows from banks and digital credit systems will increasingly determine price performance. If this view gains broader institutional traction, it signals a potential structural shift in Bitcoin market dynamics — one that could reshape valuation frameworks and accelerate engagement from traditional financial players.
 
Bitcoin Social Media Bearish Sentiment Hits 5-Week High
Quick Takeaway:
Bitcoin's bearish social media sentiment reaching a 5-week high alongside an Extreme Fear reading on the Fear & Greed Index reinforces contrarian signals that have historically preceded market recoveries.
Summary:
Bearish Bitcoin commentary on social media climbed to a 5-week high with a bullish-to-bearish ratio of 0.81, while the Crypto Fear & Greed Index registered 12 ("Extreme Fear") as BTC traded at $67,100, down 5.53% over the past month. Santiment notes that extreme public pessimism has historically functioned as a contrarian indicator in crypto markets, and the current confluence of elevated FUD and fear-zone sentiment data may signal a potential price rebound ahead of broader market expectations.
Polymarket Apologizes for Controversial Prediction Market on Downed U.S. Fighter Jet
Quick Takeaway:
The incident underscores the content governance risks facing prediction market platforms, highlighting how moderation failures can rapidly draw regulatory scrutiny and reputational damage.
Summary:
Polymarket apologized and removed a market that allowed users to bet on the rescue timeline of a U.S. military pilot downed over Iran, after a congressman publicly condemned the speculation as inappropriate during an active search-and-rescue operation. The episode adds to legal and reputational pressure on prediction market platforms, raising questions about internal oversight mechanisms and the boundaries of permissible market creation at a time when the sector faces increasing regulatory attention.
 
AI TRENDS | UK Seeks Anthropic Expansion Amid U.S. Blacklist Concerns 
Quick Takeaway:
The UK's active courtship of Anthropic amid its U.S. government blacklisting signals growing geopolitical competition for frontier AI companies and reflects deepening transatlantic divergence on AI governance.
Summary:
The British government, backed by Prime Minister Starmer's office, is reportedly seeking to attract Anthropic to expand its UK presence — ranging from a larger London office to a dual listing — as the company simultaneously challenges a U.S. national security supply chain blacklist in court over its refusal to allow Claude to be used for surveillance or autonomous weapons. The development illustrates how geopolitical tensions around AI safety and national security are reshaping where frontier AI companies operate, as governments compete to attract or restrict leading developers based on sharply differing regulatory and strategic priorities.
 
Anthropic Seeks to Establish Employee-Funded Political Action Committee
Quick Takeaway:
Anthropic's move to establish a PAC signals that leading AI developers are increasingly turning to political channels to defend AI safety standards against government and military pressure.
Summary:
Anthropic filed to create AnthroPAC amid an active dispute with the Trump administration over military use of its Claude system, following its refusal to remove safeguards against mass surveillance and autonomous weapons, and an ongoing lawsuit after being designated a national security supply chain risk. The development marks a notable escalation in how AI safety-focused companies are engaging with U.S. policy, as the tension between commercial AI governance principles and national security demands pushes frontier AI firms deeper into the political arena alongside established tech giants.
 
Market movers:
ETH: $2044.02 (-0.31%)
BNB: $593.7 (+0.67%)
XRP: $1.3019 (-0.88%)
SOL: $79.85 (-0.18%)
TRX: $0.318 (+0.06%)
DOGE: $0.09037 (-0.81%)
U: $1 (+0.00%)
WLFI: $0.0978 (-0.20%)
XAUT: $4633.82 (-0.02%)
WBTC: $66911.46 (+0.05%)

Saw some people panicking or asking about quantum computing's impact on crypto.
At a high level, all crypto has to do is to upgrade to Quantum-Resistant (Post-Quantum) Algorithms. So, no need to panic. 😂
In practice, there are some execution considerations. It's hard to organize upgrades in a decentralized world. There will likely be many debates on which algorithm(s) to use, resulting in some forks.
And some dead project may not upgrade at all. Might be a good to cleanse out those projects anyway.
New code may introduce other bugs or security issues in the short term.
People who self custody will have to migrate their coins to new wallets.
This brings to the question of Satoshi's bitcoins. If those coins move, then it means he/she is still around, which is interesting to know. If they don't move (in a certain period of time), it might be better to lock (or effectively burn) those addresses so that they don't go to the first hacker who cracks it. There is also the difficulty of identifying all his addresses, and not confuse with some old hodlers. Anyway, it's a different topic for later.
Fundamentally:
It's always easier to encrypt than decrypt.
More computing power is always good.
Crypto will stay, post quantum.$BTC

Google's urging us to upgrade the encryption algorithms used in crypto. How to handle Satoshi's bitcoins will be interesting? 😂
(There are solutions)
$BTC $USDC #GoogleStudyOnCryptoSecurityChallenges #AsiaStocksPlunge