[IMPORTANT] Astra Project Transfers Over Half of RVV Supply Amid Binance Delisting, Triggering 59...
The Astra project has transferred 5.354 billion RVV tokens, representing 53.54% of the total supply, in the last four days following Binance's delisting announcement of the RVV/USDT perpetual contract. Since the announcement, RVV's price has plummeted 59%, dropping from $0.0027 to $0.0011. Significant portions of RVV were moved to exchanges such as Bitget, KuCoin, and MEXC, raising concerns following the project's earlier reported hack involving 860 million RVV.
Crypto Market Sees Modest Rebound: BTC Above $70K, ETH Surges Over 3%
The cryptocurrency market experienced a modest rebound after consecutive declines, with Bitcoin stabilizing above the $70,000 mark and Ethereum rising over 3% to surpass $2100. The GameFi sector showed notable strength, led by Axie Infinity's significant 16.31% gain. Other sectors including PayFi, Meme, Layer1, and Layer2 also posted gains, suggesting a broad-based positive momentum in the market.
Bitmine recently withdrew 20,000 ETH, equivalent to $42.3 million, from BitGo, as reported by Lookonchain. This follows a prior withdrawal of 20,000 ETH from FalconX. The movements indicate significant ETH outflows from institutional custody providers.
Spot Ethereum ETF Investors Face Losses with Average Purchase Cost at $3,500 Amid Price Drop to $...
Nate Geraci, President of The ETF Store, revealed that buyers of spot Ethereum ETFs have an average cost basis of $3,500 per ETH. Despite this, Ethereum's current price has declined to $2,100, reflecting weak performance over the last six months. This disparity highlights the challenges faced by Ethereum investors in the ETF market amid prevailing bearish trends.
[IMPORTANT] White House Advisors Predict Passage of Crypto Market Structure Bill by Late May
White House advisor Patrick McHenry and former House Financial Services Committee Chairman Patrick Witt expect a comprehensive crypto market structure bill could pass and be sent to the President before May 25. Key disagreements remain around stablecoin yields, especially whether centralized exchanges can pay interest on idle stablecoin holdings, while consensus has been reached on banning false advertising. The bill emphasizes decentralized finance (DeFi) as central to cryptocurrency’s efficiency and transparency, with possible Senate action before the Easter recess in April.
[IMPORTANT] Bitcoin Fear & Greed Index Hits Record Low Amid Bearish Technical Indicators Suggesti...
The Bitcoin Fear & Greed Index has plummeted to an all-time low of five, signaling extreme market fear reminiscent of past major lows in 2018 and 2020. Despite this, key technical indicators such as BTC’s Relative Strength Index (RSI), and its position below the 50-day and 200-day moving averages, coupled with ongoing selling pressure measured by the BTC-gold Z-score, warn of potential further declines. Analysts caution that while extreme fear can signal a bottom, bearish trends in futures markets and dominant selling pressure suggest the downside risk remains significant.
Danal Fintech and Sahara AI Partner to Innovate Stablecoin and Payment Solutions
Danal Fintech has signed a memorandum of understanding with Sahara AI, focusing on collaboration in stablecoin, payments, and finance. The two companies aim to combine Danal's payment and settlement infrastructure with Sahara AI's decentralized AI and blockchain technologies. This partnership intends to develop next-generation digital financial services, including integrating payments into AI-powered agents.
Vitalik Buterin Emphasizes Safe AI Integration with Ethereum as Economic Layer
Vitalik Buterin discusses the convergence of Ethereum and AI, promoting a human-centric and safe approach to AI development. He highlights building privacy-preserving AI tools and positioning Ethereum as the economic infrastructure for AI coordination and trust. His vision includes using AI to enhance decentralized governance and prediction markets while avoiding risky rapid AGI acceleration.
Market Signals Low Probability for Backpack Token’s $1 Billion Valuation at Launch
Trading data from Polymarket suggests only a 26% chance that Backpack's token will reach a fully diluted valuation (FDV) of $1 billion on its first day. This low probability reflects market skepticism regarding recent rumors of Backpack aiming to raise $50 million at a $1 billion valuation. The data indicates cautious investor sentiment and lack of strong endorsement for the token's initial market value.
Backpack Targets $50 Million Funding at $1 Billion Valuation
Backpack is reportedly negotiating a $50 million funding round with a valuation reaching $1 billion. The information comes from informed sources cited by Axios. This potential investment round positions Backpack as a notable startup likely within the blockchain or crypto-adjacent ecosystem.
Jump Trading to Gain Equity Stakes in Kalshi and Polymarket for Providing Liquidity, Sources Reveal
Jump Trading is reportedly negotiating to receive small equity stakes in the prediction market platforms Kalshi and Polymarket. The arrangement involves Jump offering liquidity in exchange for ownership, with Kalshi's deal including a fixed equity percentage. These stakes link liquidity provision to platform ownership, reflecting growing institutional involvement in crypto prediction markets.
SEC Commissioner Mark T. Uyeda Highlights Progress in Treasury Clearing Rules and Securities Mark...
SEC Commissioner Mark T. Uyeda spoke at the 2026 Asset Management Derivatives Forum about the progress in implementing treasury clearing rules and the development of tokenization in securities markets. The SEC has approved the registration of two new clearing agencies, CME Securities Clearing and ICE Clear Credit, to provide more clearing options for market participants. The Office of Financial Research data indicate significant impacts if these rules are fully implemented.
U.S. Stock Market Gains Boost Crypto Sector; Circle (CRCL) Leads with 5.36% Increase
The U.S. stock market closed higher with the Dow Jones, S&P 500, and Nasdaq all showing gains. The crypto sector also recorded notable advances with Circle up 5.36%, Bitmine 4.79%, and MicroStrategy 2.60%, while Solana declined by 3.65%. Msx.com, a decentralized RWA trading platform covering U.S. stocks and ETFs, was referenced as the data source.
Silver and Crude Oil Strengthen Amid Mixed Movements in Traditional Financial Assets
Gold prices show a minor intraday decline, while silver prices rise notably by 2.45%. Volatility indices for Bitcoin and Ethereum decrease, indicating reduced market uncertainty. In the commodities market, both WTI and Brent crude oil prices increased by around 1.8-1.9%, while USD/CNH and USD/JPY exchange rates moved slightly higher.
CoinDesk Refutes Jim Cramer's Unsubstantiated Claim of US Government Bitcoin Purchases at $60K
CoinDesk debunked Jim Cramer's claim that the US government would buy Bitcoin at $60,000, stating no legal framework currently allows such action. Establishing a government Bitcoin reserve would require congressional legislation, which is absent in proposed bills. The federal government's Bitcoin holdings stem from criminal seizures, while some state governments are considering legislation to hold BTC reserves.
Polymarket Forecasts 44% Chance of US-Iran Nuclear Agreement by 2027
Polymarket data currently indicates a 44% probability that the US and Iran will reach a nuclear agreement before 2027, down from a previous high of 57%. The Iran nuclear deal aims to limit Iran's nuclear program in exchange for lifting sanctions. The US withdrew from the deal in 2018, impacting the political landscape surrounding the agreement.
Nikkei Hits Historic High, Buffett's Japan Stock Bets Surge Nearly $2 Billion in One Day
The Nikkei 225 index jumped over 2000 points to surpass 56,000 for the first time ever, significantly increasing the value of Berkshire Hathaway's investments in five major Japanese trading houses. Warren Buffett's stakes in these companies have nearly tripled since 2019, with Monday's rally generating nearly $2 billion in paper gains in a single day. Berkshire Hathaway's Japanese assets are now valued at over $41 billion, up from an initial investment of approximately $13.8 billion.
[IMPORTANT] Morgan Stanley Analyst Predicts Over 150% Growth for Terawulf and Cipher Mining via A...
Morgan Stanley analyst Stephen Byrd expects Terawulf and Cipher Mining stocks to surge by approximately 159% and 158% respectively within a year. The analyst highlights that Bitcoin mining firms are diversifying by supplying electricity to AI data centers, which offer better business economics than traditional crypto mining. Terawulf has secured a 510MW power deal with Google, while Cipher Mining partners with Amazon, but MARA Holdings receives a negative outlook due to lack of AI focus.
Altcoin Season Index Remains Steady at 24, Indicating Bitcoin Outperformance
CoinMarketCap's Altcoin Season Index is unchanged at 24, signaling that Bitcoin continues to outperform most altcoins. The index measures the performance of the top 100 cryptocurrencies compared to Bitcoin over the past 90 days. An altcoin season is declared only if 75% of these coins outperform Bitcoin, a condition currently not met.
Backpack Exchange Eyes $1 Billion Valuation in Strategic $50 Million Funding Round
Backpack Exchange, a crypto trading platform, is reportedly negotiating a new funding round with a $1 billion pre-money valuation according to Axios. The company aims to raise $50 million or possibly more in this financing round. Founded by former industry members, Backpack Exchange is positioning itself strongly in the crypto trading market.