TopCryptoNews

🌕 CZ-owned Trust Wallet launches AI agents that can execute crypto trades

The digital wallet owned by Binance founder Changpeng Zhao, which has more than 220 million customers, said Thursday that users can now employ artificial intelligence-powered agents to perform a variety of crypto transactions.

"Today, Trust Wallet launches the Trust Wallet Agent Kit (TWAK) — infrastructure that lets AI agents execute real crypto transactions, across more than 25 blockchains, within rules that users define and control," the company said in a blog post. The agents can handle cross-chain swaps across several networks, including Solana and Bitcoin, in addition to managing recurring buys.

Crypto firms are increasingly experimenting with AI-powered automation, aiming to allow users to enlist agents that can actively manage portfolios and execute trades.

The new toolkit offers two ways to operate, one where the AI agent has its own wallet and can execute trades automatically based on set rules, and the other where it suggests transactions that users then need to approve.

"Trust Wallet has always been built on a single principle: your keys, your crypto. TWAK extends that principle into the age of AI agents," also according to the blog post. "With WalletConnect mode, an AI can help you act on your portfolio — research, propose, execute — without ever holding your keys. You stay in control."

While the cryptocurrency exchange initially bought Trust Wallet in 2018, it now operates as an independent company.

#CZ | #AI

🫠 1 Bitcoin fee

Someone wanted to transfer 1 BTC to the Kraken exchange, but ended up with 0.0001 BTC ($10) because the fee was 0.99 BTC ($105k).

Consider that you locked in a profit, just not the way you wanted 😁

#BTC #bitcoin #USGovShutdownEnd? #StrategyBTCPurchase

⚡ How the top-20 cryptocurrencies have changed over 8 years

Grayscale published an infographic with annual snapshots of the top-20 cryptocurrencies by capitalization from 2018 to 2026.

• Bitcoin and Ethereum have held the top positions since 2018, while the others are constantly changing

• Many of the top-20 in 2018 completely dropped out of the list: IOTA, NEM, Dash, NEO, Nano, ICON, Verge

• They were replaced by Solana, TRON, Hyperliquid, Chainlink, Avalanche, and others

• XRP, BNB, and Cardano are also holding on, but their positions are constantly changing

Most of the coins from the 2018 top have lost their positions or disappeared altogether. Those who bought them at the peak and didn't understand the market lost money.

🟠 Why are Bitcoin, Ethereum, and XRP Prices Rallying Today?

Crypto markets are back in action this week, with Bitcoin, Ethereum, and XRP all moving higher as sentiment flips positive. After weeks of uncertainty, a mix of geopolitical relief and improving technical setups is driving this rebound.

🔸 Ceasefire Talks Trigger Risk-On Move

The main catalyst is easing tension in the Middle East. A two-week ceasefire between the US, Iran, and Israel, along with earlier talks of a longer deal, has reduced fears around a major escalation.

“Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two-week period will allow the Agreement to be finalized and consummated,” Donald Trump wrote on social media.

As the US-Iran ceasefire cooled the tension, markets quickly returned to “risk-on” mode. According to Santiment, Bitcoin jumped above $72.7K and Ethereum crossed $2,250, both hitting multi-week highs, while social sentiment turned bullish around a possible end to the conflict.

🔸 Other factors pushing the rally

Oil prices, which had previously surged on war fears, are now cooling. That’s a positive signal for crypto. High oil prices usually push inflation higher and delay rate cuts, tightening liquidity.

Meanwhile, the Clarity Act is making a buzz. Right now, Senate committees are working through key provisions before a possible floor vote, with timelines pointing toward mid-2026 as a critical window. The pro-crypto Senator Bill Hagerty said the committee was “very close” to starting work on the bill.

🔸 Crypto Rally Today: Bitcoin, Ethereum, XRP Price Action

Bitcoin is trading around $71,600, up over 4%, and now pushing toward a key resistance near $72,600. It has reclaimed its 50-day EMA around $70,500, turning it into support, while RSI near 58 shows buyers still in control. A breakout above $72.6K could open the path toward $74,800.

#BTC | #ETH | #XRP

📣 Cardano price pops as traders chase beta, but derivatives say ‘fragile’

Cardano’s ADA climbs about 4–5% to the mid‑$0.24s on Tuesday as traders rotate into high‑beta majors, but futures data shows churny perps and weak open interest behind the move.

Cardano’s price rallied roughly 4–5% on Tuesday, extending a short burst of outperformance versus most large‑caps outside Bitcoin and Ethereum as traders rotated into higher‑beta names.

Cardano (ADA) Spot prices hovered around $0.24–$0.25, up from the $0.23–$0.24 range seen earlier in the week, leaving ADA still far below its 2026 peak but firmly green on the day. The move comes as liquidity conditions across majors improve marginally and traders look for catch‑up plays after focusing on Bitcoin for most of the recent macro‑driven rally.

On centralized venues, Cardano was recently quoted near $0.2417 with a 24‑hour trading volume of about $1.91 million and a market cap of roughly $8.91 billion, representing around 0.44% of total crypto market capitalization.

ADA closing at $0.2479 on April 5, $0.2462 on April 4, and $0.2394 on April 3, underscoring how modest the absolute price move has been even as percentage gains look eye‑catching on the day.

Over the past month, ADA remains down about 5% and roughly 58% over the last year, highlighting the gap between short‑term momentum and longer‑term underperformance.

#ADA | #Cardano | $ADA

🔵 Ethereum’s Role Expands As It’s Considered For Euro Stablecoin Settlement

As the blockchain sector gradually goes worldwide, the Ethereum Network is turning up as the top contender for blockchain infrastructure across the sector. Currently, the ETH network is the settlement layer for many stablecoins and real-world applications in the crypto space.

🔸 Euro Stablecoin Plans Eye Ethereum

A new chapter in blockchain adoption may be unfolding, and the Ethereum network is at the center of this transition as countries across the globe adopt the blockchain. Amid the shift, Ethereum is increasingly being considered as the settlement layer for a potential euro-denominated stablecoin.

Crypto Tice, a market expert and investor, took to the social media platform X to share the development, which has triggered a frenzy in the ETH community. The action demonstrates the increasing interest of politicians and financial institutions in utilizing Ethereum’s well-established infrastructure for practical financial applications.

According to the expert, this move is not a pilot or a sandbox test, as blockchain solutions are being incorporated into Europe’s changing digital banking environment. Rather, it is Europe evaluating real infrastructure in the financial sector. By acting as the foundation for such a project, the network could be crucial in integrating traditional finance with decentralized technology.

Furthermore, the expert has offered insights into why this move matters for the network and the blockchain sector. The first reason is that public blockchains are being increasingly assessed for sovereign-grade settlement infrastructure.

Based on the risks associated with finance, this move would offer transparency, uptime, and security, which are now policy considerations. ETH being considered as a settlement layer for a Euro stablecoin implies that crypt rails are moving from markets, especially from the institutional level, to the governmental stage.

#ETH | #Ethereum | $ETH

🟠 Michael Saylor's Strategy is estimated to have bought 493 BTC today via STRC, already more than the daily supply of mined bitcoin 🤯

🔴 Trump Declares Total Regime Change in Iran – Bitcoin at $68K and Falling

Trump has yet again posted something that stopped crypto traders mid-session.

“A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will.”

That is not a ceasefire signal. That is a regime change declaration. And Bitcoin is sitting at $68,355 – already down 1.61% on the day, erasing the gains it spent all of Monday building.

🔸 From $70,000 to Regime Change in 24 Hours

Less than 24 hours ago, this felt like it might be resolved. Egypt, Pakistan and Turkey had sent a 45-day ceasefire proposal to both sides, with Pakistan’s army chief reportedly in contact “all night long” with US Vice President JD Vance, special envoy Steve Witkoff and Iranian Foreign Minister Abbas Araqchi.

Bitcoin jumped above $70,000 on Monday, its highest since March 25, as markets priced in de-escalation and roughly $273 million in bearish bets were unwound.

Then Iran rejected it the proposal. Tehran said it wants a permanent end to the war, not a 45-day pause, and that “negotiations are entirely incompatible with ultimatums.” Trump called the proposal “a significant step but not good enough.”

Defense Secretary Hegseth told reporters: “Today will be the largest volume of strikes since day one. Tomorrow, even more than today.” The Tuesday 8pm ET deadline is now live.

🔸 Bitcoin’s Iran Pattern: Every Peace Signal, Every Dump

This whipsaw is not new. QCP Capital confirmed that Bitcoin has been trading in a $65,000 to $70,000 band throughout the conflict, rising on peace signals and falling on escalation. The pattern has played out so consistently that seasoned traders have stopped watching charts and started watching Trump’s Truth Social feed instead.

When Trump posted “great progress” in ceasefire talks, Bitcoin climbed to $67,800. When Iran rejected the 15-point peace proposal, it slid back.

#TRUMP | #BTC | #Bitcoin | $BTC

📣 Why Are Bitcoin, Ethereum and XRP Prices Going Up Today?

Crypto markets are in the green on Monday, with Bitcoin, Ethereum and XRP all posting modest gains after weeks of subdued price action.

Bitcoin is trading around $69,137, up 3% in 24 hours. Ethereum has climbed to $2,131, gaining nearly 4%. XRP is holding near $1.33, up roughly 2% on the day.

🔸 Iran Talks Are Moving Markets

The immediate catalyst appears to be geopolitical. Reports emerged Monday that the United States and Iran are discussing a 45-day ceasefire deal that could lead to a permanent end to hostilities. Regional mediators reportedly proposed a two-phase plan as a Tuesday deadline approaches.

This is the fifth deadline in 17 days. Previous extensions on March 21, March 23, March 26 and April 4 each produced brief market recoveries before tensions returned. Experts are watching closely to see whether this round produces a genuine resolution or another postponement.

President Trump added further colour on Monday, explaining that he ordered strikes on Iranian bridges after Iran asked for a five-day delay in direct negotiations. “I felt they were not being serious,” he said.

🔸 Institutions Are Still Buying

Institutional demand has remained steady. Spot Bitcoin ETFs absorbed approximately 50,000 BTC in March, the highest monthly pace since October 2025. Strategy added another 44,000 BTC over the same period.

Morgan Stanley also received regulatory approval for a spot Bitcoin ETF this week, connecting roughly 16,000 financial advisors managing a combined $6.2 trillion in assets.

🔸 A Busy Week Ahead

Markets have several events to navigate before the week is out, including Fed meeting minutes on Wednesday, February PCE inflation data on Thursday and continued developments on the Iran situation. Any one of these could shift sentiment quickly in either direction.

#BTC | #Ethereum | #XRP

🤔 Will Altcoins Hit 100x in 2026?

Crypto analyst Scott Melker is now looking at altcoins through a more grounded lens, noting that the structure of this cycle is very different from what traders were used to before. While the broader market has seen movement, altcoins are not showing the same kind of expansion phase that defined earlier runs. Instead, the space appears to be holding within a tighter, more selective range.

“I don’t see much hope for most altcoins. That doesn’t mean that select altcoins won’t do exceptionally well and outperform Bitcoin. I think they will. But I don’t think you’re in a world anymore where you can just throw a dart at a chart of altcoins and assume that your thing is going to go 10 or 50 or 100x.”

🔸 A Cycle That Never Expanded for Altcoins

Altcoins are not following the usual cycle behavior. In previous runs, once Bitcoin pushed higher, capital rotated into altcoins, triggering a broad expansion phase across the market. That pattern created a strong upside across multiple tokens.

This time, however, the structure looks compressed. Bitcoin reached an early all-time high driven by ETF inflows, but altcoins failed to transition into a full breakout phase. There was no wide altseason, and price action across most tokens remained contained.

As a result, instead of expansion, the altcoin market stayed in a restricted range, showing stability without strong continuation.

🔸 Liquidity Conditions Are Changing

Earlier cycles were driven by retail participation, which pushed funds into smaller tokens and supported widespread rallies. Now, that flow is more concentrated.

Capital is moving toward assets with clearer positioning, such as Bitcoin and ETF-linked instruments. Meanwhile, smaller tokens listed on platforms like CoinMarketCap are seeing reduced participation, indicating weaker demand conditions.

#AltcoinSeason | #Altcoin | #Altcoins

🦊 Shiba Inu: Shibarium Transactions See 1,889% Drop Amid Reset

Shibarium, the Shiba Inu Layer-2 blockchain, recently had a major infrastructure update and a full reindexing of its backend systems.

The Shibarium explorer is rebuilding from scratch, with 86% of blocks now indexed. In the last 24 hours, Shibarium daily transactions came in at just 557 as activity normalizes post-upgrade. This marked a significant drop from the figure of 10,940 transactions seen on March 26.

Most of these transactions are system-level, representing automated contract calls that support the new infrastructure. As seen on Shibariumscan, recent transactions had the label "Value 0 BONE," indicating they were not direct wallet transfers.

The Shibarium network remains operational; however, the explorer data is still syncing to reflect the full history as systems align after the upgrade. With just 86% of blocks indexed, the current data remains partial. That might account for the apparently low transaction numbers we are seeing.

This phase might suggest ongoing scaling efforts. The infrastructure is being strengthened to support the anticipated growth.

🔸 SHIB price action

The digital asset market continues to consolidate, with crypto prices remaining in a trading range that spans back to early February. In a consolidating market, when Bitcoin and the majors trade flat, traders often speculate on lower liquidity altcoins. In this light, the focus seems to be placed on altcoins, including Shiba Inu.

At the time of writing, SHIB was down 0.94% in the last 24 hours to $0.00000583 as trading remained subdued, with the extended holiday weekend keeping trading volumes thin. In this light, Shiba Inu's trading volume has only risen 9.5% in the last 24 hours to $78.77 million, according to CoinMarketCap data.

Bearish sentiment remains in the market following October's major sell-off, with the community showing a key lack of optimism.

#SHIB | #ShibaInu | $SHIB

⚡️ XRP slips behind BNB as seven-month slide deepens

XRP moved lower in the crypto market cap table on April 5 after BNB reclaimed the fourth position.

BNB with a market value of about $80.34 billion, while XRP stood near $79.14 billion, leaving the Ripple-linked token in fifth place.

BNB at number four and XRP at number five as of press time. The gap between the two assets remained narrow, but it was enough to change the order among the largest cryptocurrencies by market value.

The market move came during a weak session for XRP. XRP is the only major crypto in red today while several other large tokens posted small gains.

🔸 XRP slide extends multi-month pressure

Recent price action has kept XRP under pressure for months. CoinGecko data showed the token down 3.6% over the last seven days, adding to a broader decline from earlier highs.

XRP is on track for a seventh straight monthly loss and remains stuck in a downtrend that began late last year. The report said the token has struggled to regain footing around the $1.30 area as sellers continue to cap recovery attempts.

🔸 March rebound failed to hold

The report also pointed to a short-lived rally in mid-March. XRP climbed near $1.60 on March 16 and March 17 before the move faded and turned into a steady pullback over the next three weeks. That reversal kept the short-term chart under pressure.

Weekly XRP ETF flows showed a net outflow of $3.6 million, while Bitcoin investment products recorded $22 million in inflows over the same period.

#XRP | #Ripple | $XRP

📣 Hedera Price (HBAR) Slips Below Pressure, Key $0.085 Support in Focus

Hedera (HBAR) continues to be under downward pressure over the last 24 hours: It tumbled 0.60% to trade near the price of $0.0868. The decline follows a slight cooling across the crypto market, which likely included fairly stable crypto, like Bitcoin, which has registered slight losses. Yet the drop on HBAR has been more pronounced still, and it indicates persistent weakness throughout altcoins as investor sentiment remains fragile. The total crypto market capitalization decreased by about 0.24% over the same period, and Bitcoin fell 0.15%.

Amid this, Hedera’s sharper dip reflects a pattern often seen during uncertain phases. Assets with lower liquidity or weaker short-term narratives tend to fall faster as capital rotates toward perceived safety.

🔸 Hedera (HBAR) Slips: Weak Sentiment for Crypto

Notably, the widely tracked Fear and Greed Index is currently at 29, firmly in the “fear” zone. This reading usually indicates a weakened willingness to take any risks. Thus traders tend to scale back their exposure to altcoins such as HBAR in order to invest in more established cryptos. Under such circumstances, cheap tokens without catalysts in the immediate future tend to drift lower, as is the case for Hedera.

Recent trading information suggests that there is not much buying interest. Volume dropped more than 6% to about $46.9 million in the past day. Such a reduction indicates that the price movement isn’t being driven by a sudden move in price based on market activity, but rather simply a lack of demand. Few significant announcements, partnerships, or ecosystem developments have also left the token with no real incentive to react against broader market weakness.

Over a longer time frame, the trend continues to be negative. HBAR has dropped over 12% in the last 30 days, following a trend of lower highs and persistent selling.

#HBAR | #Hedera | $HBAR

🟠 Bitcoin Whales Are Losing $200 Million Daily As Market Fear Rises

Large Bitcoin investors are absorbing significant realized losses as the flagship cryptocurrency remains trapped in a prolonged sideways slump below $70,000.

According to on-chain data from Glassnode, wallets holding between 100 and 10,000 BTC are currently realizing daily losses of over $200 million based on a 7-day moving average. These large investors are often referred to as “whales” and “sharks.”

🔸 Bitcoin Slump Forces Major Holders Into Deep Losses

Notably, this pain is particularly acute among “Long-Term Holders.” This represents investors who acquired their coins more than six months ago near the peak of the previous rally.

💬 The big hands are bleeding.
With price contracting from ATH, Sharks & Whales (0.1K–10K BTC) are realizing losses at scale. The 7D-SMA of realized loss is now at >$200M/day.
Typical capitulation behaviour from larger entities. — glassnode (@glassnode) April 2, 2026

The 30-day simple moving average of Long-Term Holder Realized Losses has climbed steadily since November 2025. This upward trend confirms that veteran investors are increasingly capitulating and selling at a loss.

While this flush-out of underwater buyers is a standard feature of bear-market resolutions, Glassnode analysts note it is not yet sufficient to call a bottom.

To signal the structural exhaustion that typically precedes a new bull cycle, selling pressure will likely need to decelerate to below $25 million in daily realized losses.

However, the chances of reaching that exhaustion point quickly seem slim, as the market is currently gripped by its most bearish sentiment in months.

Blockchain analytics firm Santiment reports that fear, uncertainty, and doubt (FUD) have crept back into the community.

The firm noted that BTC is showing a ratio of just 0.81 bullish comments per bearish one amid this extended period of stagnation.

#BTC | #Bitcoin | $BTC

🎌 Japan Anchors 30+ Crypto Tokens in Regulated Framework

Japan’s JVCEA Green List anchors crypto market expansion by enabling fast-tracked listings of more than 30 approved tokens under Financial Services Agency oversight, strengthening compliance standards while accelerating exchange access to major digital assets.

🔸 Japan Crypto Regulation Advances With JVCEA Green List Framework

Japan’s cryptocurrency market continues evolving as regulators and industry groups advance oversight frameworks alongside market expansion. The Japan Virtual and Crypto Assets Exchange Association (JVCEA) maintains its Green List on its website. The list covers more than 30 tokens. It is recognized by Japan’s top financial regulator, the Financial Services Agency (FSA). It helps guide compliant, fast-tracked listings across exchanges.

The association, a self-regulatory body overseeing crypto asset exchanges in Japan, maintains the list based on four eligibility criteria. These include adoption by multiple member companies, sustained trading history, absence of imposed handling conditions, and no concerns regarding inclusion. The update reflects continued concentration around major assets such as bitcoin, ethereum, and XRP, alongside a broader range of established altcoins.

As of April 2, the updated Green List consists of algorand (ALGO), axie infinity (AXS), basic attention token (BAT), bitcoin cash (BCC/ BCH), bitcoin (BTC/XBT), dai (DAI), polkadot (DOT), ethereum classic (ETC), ethereum (ETH), filecoin (FIL), hedera (HBAR), iost (IOST), lisk (LSK), litecoin (LTC), decentraland (MANA), maker (MKR), mona coin (MONA), omg network (OMG), pol (MATIC), qtum (QTUM), sandbox (SAND), shiba inu (SHIB), sky (SKY), nem (XEM), stellar (XLM), ripple (XRP), tezos ( XTZ), symbol (XYM), zpg (ZPG), zpgag (ZPGAG), and zpgpt (ZPGPT). These assets represent cryptocurrencies meeting operational, liquidity, and compliance expectations within Japan’s regulated exchange ecosystem.

#Japan | #Crypto

💧 SUI Price Stalls at $0.82 as TVL Flatlines Near $550M

SUI, the native cryptocurrency of the SUI network, recorded an insignificant loss of 0.68% to reach $0.86 trading value. The cryptocurrency market often experiences lower liquidity and volume on weekends as institutional traders are mostly offline. Amid this uncertainty, the SUI price faces a risk of prolonged correction as derivative market and on-chain data shows weak conviction from investors.

🔸 SUI Price Lacks Momentum After Key Network Improvements

The layer-1 network Sui had a sequence of technical and integration upgrades last week, and the token traded in a small range around $0.87.

A scheduled unlock on April 1 released approximately 43 million SUI tokens, equivalent to roughly $37 million at prevailing prices. This introduced a new supply equivalent of approximately 1.1 percent of the circulating tokens as spelled out in the project vesting schedule.

About the same period, the mainnet was upgraded to 1.68.1, and the protocol itself went to version 118. The release enabled address aliases to streamline wallet and contract interactions, enhanced security around system metadata, and a bug that might crash full nodes when simulating malformed transactions with invalid withdrawals.

On the integration front, derivatives platform Margex started accepting SUI as deposit and margin position collateral. Walmart-supported OnePay has included the token in its expanding portfolio of payment and transfer supported assets. On April 2, Sui announced its partnership with Erebor Bank, a new chartered U.S. national bank specializing in digital asset infrastructure. This connection enables regulated banking clients to deposit and withdraw stablecoins on and off Sui to deposit, withdraw, and use stablecoins.

A flat TVL during a period of sideways price action indicates a lack of fresh liquidity entering the ecosystem.

#SUI | #Suinetwork | $SUI

🔴 Donald Trump Makes New Statements on Iran – “Two Days Left”

As tensions between the US and Iran rapidly escalate, Donald Trump has drawn attention with his harsh statements.

In his latest statement, Trump reiterated his ultimatum to Iran, saying, “I gave Iran 10 days to make a deal or open the Strait of Hormuz. The time is running out; if there is no result within 48 hours, all hell will break loose.”

On the other hand, former National Security Advisor John Bolton harshly criticized the Trump administration after Iran shot down US warplanes. Bolton suggested that Trump may be in “panic mode” after Iran shot down an F-15E Strike Eagle fighter jet and targeted an A-10 Warthog aircraft. In an interview with CNN, Bolton said that the lack of a direct statement from the White House “undermined the credibility of the US administration.”

It was reported that the pilots of the planes shot down during the clashes ejected and survived, and that US forces rescued one of the pilots, while search efforts for the other continued. Additionally, US UH-60 Black Hawk helicopters were also targeted during the Iranian fire; however, these aircraft managed to escape the area.

Bolton stated that the capture of a pilot by Iran would not change the course of the war, but it would be a “propaganda victory for Iran.” He also argued that the Trump administration acted without adequately considering the consequences of military operations.

As the conflict entered its fifth week, Trump had previously claimed that US attacks on Iran had severely weakened the country’s air defense systems and naval and missile capabilities. Stating that the military operation, codenamed “Operation Epic Fury,” was “near completion,” Trump signaled that pressure on Iran would continue to increase.

#DonaldTrump | #Iran | #USA

💥 Chainlink Price Falls 3.5% as Altcoin Selloff Intensifies

LINK, the native cryptocurrency of decentralized Oracle network, Chainlink, is down 3.5% on Thursday, to currently trade at $8.62 mark. The move aligns with a broader risk-off rotation away from altcoins following the significant hacks on a Solana-based DeFi protocol. While the falling Chainlink price signals the continuation of its near-term sideways trend, a substantial accumulation from its reverse protocol signals a high conviction for LINK's potential recovery.

🔸 Chainlink Adds $1.17M LINK Despite Market Weakness

On April 2nd, the crypto market witnessed a notable downtick of 2.2% which pulled its market cap to $2.3 trillion. Escalating U.S.-Iran tension significantly weighed on market sentiment as despite Donald Trump’s claim of ongoing war coming to end but offered no concrete plan to reopen the Strait of Hormuz.

In addition, the selling pressure in the altcoin market accelerated further as a Solana-based drift protocol suffered a security breach, resulting in the theft of approximately $285 million in digital assets. The move triggered capital outflow from the broader DeFi sector and major altcoins like LINK.

The reserve has two key sources: the fees paid by large companies that utilize Chainlink services outside of the blockchain, and the fees paid on the network when the Chainlink is actively used.

🔸 Chainlink Price Nearing Bearish Breakdown from $7.7 Floor

Over the past two weeks, the Chainlink price showcased a bearish reversal from $10 psychological level to current trading value of $8.2, registering a loss of roughly 15%. This pullback displayed with a series of lower high and lower low formations with sufficient surge in trading volume indicated sustained selling pressure in the market.

If the current momentum persists, the Chainlink price could plunge another 10% and retest the bottom trendline of current consolidation trend at $7.77.

#LINK | #Chainlink | $LINK

🟣 Solana Price Sparks Fresh Bear Cycle Within Channel Pattern

SOL , the seventh largest cryptocurrency by market capitalization, slips over 3% on Thursday to trade at $78.24. The initial downtick followed broader market pullback amid escalating geopolitical conflict between the U.S. and Iran. However, the Solana price witnessed a surge in selling pressure as its decentralised exchange, Drift protocol, faced a severe security breach, which resulted in a loss of approximately $286 million in asset.

🔸 Drift Protocol Hack Drains $286M in Sophisticated Attack

On April 1st, A high-profile decentralized perpetuals exchange called the Drift Protocol was hit by a highly advanced attack that emptied some $286 million in assets in

The hacker systematically drained the main vaults of the protocol, emptying the USDC, JLP and SOL. Security researchers referred to the incident as a carefully orchestrated long con that took several weeks. The attacker initially produced a non-authentic token named CarbonVote Token (CVT) and aggressively washed it through aggressive wash trading to artificially increase its perceived value. It was a manipulation that deceived the price oracles of the protocol to recognize CVT as good collateral.

The greatest violation was the one where the exploiter had got a hold of the private key of an administrator. They placed CVT on the secret list of valid assets with it, and greatly increased the amount one could withdraw.

In one technically impressive twist, the attacker used the durable nonces functionality of Solana. They duped the Security Council sitting in the protocol into pre-authorizing a chain of malicious transactions several weeks before, under the guise of routine maintenance.

According to network indicators and laundering patterns that are typical of state-sponsored hacking, blockchain forensics company Elliptic has attributed the attack to state-sponsored hacking organizations in North Korea.

#SOL | #Solana | $SOL