Crypto World
FTX Users Reach Proposed Settlement With Fenwick & West in Fraud Lawsuit
Users of the collapsed crypto exchange FTX and Silicon Valley law firm Fenwick & West have reached a proposed settlement in a lawsuit accusing the firm of helping facilitate the fraud that preceded FTX’s downfall.
Key Takeaways:
- FTX users and Fenwick & West reached a proposed settlement in a lawsuit tied to the exchange’s collapse.
- The deal, whose terms are undisclosed, is set to be submitted for court approval on Feb. 27.
- The case is part of broader efforts by users to hold advisers and partners accountable after FTX’s failure.
In a joint filing submitted Friday to a federal court in Florida, Fenwick and lawyers representing FTX users said they intend to formally present the settlement for court approval on Feb. 27.
The filing did not disclose financial terms, but both sides asked the court to pause all pending deadlines and motions while the settlement is finalized.
FTX Collapse Triggers Wave of Lawsuits From Users
The case is part of a broader wave of litigation that followed FTX’s sudden collapse in November 2022, which left millions of customers unable to access their funds.
Users have brought claims against former executives, business partners, promoters and professional service providers tied to the exchange.
The lawsuit against Fenwick was first filed in 2023 and later amended in August.
It alleged that the firm played “a key and crucial role” in the conduct that enabled the FTX fraud, claiming Fenwick provided “substantial assistance” by designing and approving corporate structures that allowed misconduct to continue undetected.
According to the complaint, Fenwick advised FTX on structuring its operations in ways that avoided certain money transmitter registration requirements.
The suit also alleged the firm had visibility into the commingling of customer funds and the blurred operational boundaries between FTX and its sister trading firm, Alameda Research.
Fenwick has consistently denied the allegations. The firm previously sought to dismiss the case, arguing it had no knowledge of any fraud and that it provided routine, lawful legal services to its client.
In November, however, the court rejected Fenwick’s motion to dismiss, allowing the users’ amended complaint to proceed.
The proposed settlement comes after mixed results in users’ efforts to hold outside advisers accountable.
In February 2024, FTX users sued Sullivan & Cromwell, the exchange’s former primary outside counsel, alleging it played a role in the multibillion-dollar fraud.
That case was voluntarily dismissed eight months later, with plaintiffs citing insufficient evidence.
Sam Bankman-Fried Claims FTX Was Never Insolvent
As reported, Bankman-Fried has reignited debate over the FTX collapse, claiming the exchange always had enough assets to fully repay customers.
In a September 30 document, the former CEO argued that the $8 billion shortfall cited during bankruptcy “never left,” and that customer recoveries of up to 143% prove FTX suffered a liquidity crunch—not insolvency.
“There have always been enough assets to repay all customers—in full, in kind—both in November 2022, and today,” he wrote.
Bankman-Fried framed the collapse as a “classic bank run,” triggered by panic withdrawals that drained liquidity within days.
He maintained that FTX and Alameda’s assets exceeded liabilities up to mid-2022, and claimed that financing deals were underway before the bankruptcy filing.
His document disputes the bankruptcy team’s early reports of insolvency and blames their management for eroding value and prolonging creditor repayments.
The post FTX Users Reach Proposed Settlement With Fenwick & West in Fraud Lawsuit appeared first on Cryptonews.
Polkadot crypto bridge infrastructure is under fire. A cross-chain attacker forged verification messages through the Hyperbridge gateway, minting 1 billion DOT tokens on Ethereum, 2,800x the contract’s reported 356,000 DOT supply, and triggering an immediate 7% price plunge in minutes.
The full picture of the damage is still developing, and traders are asking whether this is a contained incident or the start of something worse.
According to on-chain data, the attacker routed the minted supply through OdosRouter and Uniswap V4, dumping tokens for just 108.2 ETH ($237,000) — shallow DEX liquidity capping what could have been catastrophic losses.
Polkadot(@Polkadot) has been exploited. — Lookonchain (@lookonchain) April 13, 2026
The attacker minted 1B $DOT and dumped it all in a single transaction for 108.2 $ETH($237K).https://t.co/4pStYrGb8y pic.twitter.com/wRplAWNnBg
Security firm Certik has since identified the vulnerability in Hyperbridge’s cross-chain verification layer.
South Korean exchanges Upbit and Bithumb suspended DOT deposits and withdrawals on April 13, citing low liquidity risk to users.
The financial damage looks contained, but bridge confidence rarely recovers quickly. This suggests the near-term technical setup for DOT has shifted decisively bearish, with sentiment erosion layered on top of the price action.
Discover: The best pre-launch token sales
Can Polkadot Crypto Recover This Week, or Is the DOT Price Breakdown Just Beginning?
DOT dropped 7% in minutes following confirmation of the exploit, one of the sharpest single-incident drops the token has seen in recent months.
Volume spiked on the sell side as the market processed the news, though exchange suspensions from Upbit and Bithumb (two of DOT’s heaviest trading venues) likely suppressed what could have been deeper capitulation, or a faster recovery, depending on direction.
The rapid breakdown signals a loss of short-term support, and the pattern matches prior bridge-incident selloffs across the sector. Key levels to watch: any recovery attempt toward prior support-turned-resistance will face heavy overhead pressure while the Hyperbridge vulnerability remains unpatched.
Bridges have historically been the single largest loss vector in crypto. The attacker netting only $237,000 on a billion-token mint is almost darkly comic.
LiquidChain Eyes Cross-Chain Problem as DOT Bridge Confidence Fractures
The Polkadot exploit puts a spotlight on exactly why bridge architecture matters — and why traders are reassessing cross-chain exposure. Every major bridge hack reinforces the same uncomfortable question: what’s the cost of fragmented liquidity infrastructure? (Apparently, sometimes just $237,000 and a lot of reputational damage.)
The DOT incident is a case study in what happens when cross-chain verification fails at the contract level.
LiquidChain is a Layer 3 project positioning itself at the center of this problem. Its USP: fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment — a Unified Liquidity Layer where developers deploy once and access all three ecosystems.
Rather than bridging assets between chains (with the attack surface that entails), LiquidChain targets the fragmentation problem at the infrastructure layer with Single-Step Execution and Verifiable Settlement.
The presale is currently priced at $0.01449 per $LIQUID, with $657,066.97 raised to date. Early-stage L3 infrastructure projects carry meaningful risk; token utility depends entirely on the developer and liquidity adoption post-launch.
But for traders rotating out of bridge-exposed positions, the category warrants research.
Explore LiquidChain’s presale terms before the next stage pricing kicks in.
Discover: The best crypto to diversify your portfolio with
The post A Hacker Just Minted 1 Billion Dot Crypto Tokens Through Polkadot Bridge appeared first on Cryptonews.
The slide that began Saturday night, after Vice President J.D. Vance left Pakistan without securing a peace deal in Iran, has, for the moment, somewhat reversed.
After falling to as low as $70,500 at one point Sunday, the price of bitcoin has bounced back to $72,100 during U.S. Monday morning trading hours. Helping were reports suggesting Iran was considering the abandonment of its enriched uranium as a concession towards ending the war.
U.S. stocks have also reversed big early losses, the Nasdaq now higher by 0.3% after sliding more than 1%.
Meanwhile, the promised U.S. blockade of the Strait of Hormuz — scheduled for 10 am ET — has apparently gone into effect.
“Security in the Persian Gulf and the Sea of Oman is either for everyone or for NO ONE,” the Islamic Republic of Iran Broadcasting reported Monday. “NO PORT in the region will be safe,” based on a statement from Iran’s military and the Revolutionary Guards.
Crypto-related stocks are on the move higher as well, led by a 8.3% gain for stablecoin issuer Circle (CRCL). Coinbase (COIN) is up 3.1% and Strategy (MSTR) by 1.5%.
Read more: Strategy buys 13,927 bitcoin for $1 billion, entirely through STRC
Does lightning strike twice?
Bitcoin has now been consolidating for 67 days since its local bottom on Feb. 5 at $60,000, almost identical to the 68-day consolidation period between Nov. 21 and Jan. 28, which preceded a sharp drop from roughly $90,000 to $60,000 in the span of a week. Bears anticipate a similar outcome, which may include a retest of the 200-week moving average around $60,000.
Crypto World
Could This New Cryptocurrency Backed by the Pepe Creator Outrun SOL and BNB Before the Listing Opens
A two week ceasefire between the U.S. and Iran wiped out $600 million in short positions and pushed BTC past $72,700 in hours. One headline erased weeks of fear in a single flash, and the new cryptocurrency conversation is no longer about which token might move, it is about which entry catches the wave first and turns it into real wealth.
While SOL and BNB grind higher from multi billion dollar caps, the wallets that spotted the clearest path to life changing returns are loading Pepeto because a working exchange, a confirmed Binance listing, and $8.9 million in committed capital make this the one setup nobody building a serious portfolio can afford to walk past.
New Cryptocurrency Capital Flows Jump After Ceasefire Triggers $600M in Forced Selling
BTC jumped to $72,700 after President Trump announced a ceasefire with Iran, triggering $600 million in forced crypto position closures with over $400 million from short sellers per CoinDesk.
Oil dropped more than 10% easing inflation fears per Bloomberg. When one headline wipes $600 million in bearish bets off the board, every fresh token with a confirmed catalyst catches the wave of capital that follows.
SOL at $82.16, BNB at $592, and Pepeto at $8.9M: Where the Real Move Starts
Pepeto: The Entry You Either Catch Today or Miss Forever
While the ceasefire sent capital flooding back into risk assets, the presale already holding more than $8.9 million stands to multiply that capital the fastest, and here is why: every other new cryptocurrency presale is selling you a promise and a timeline, but Pepeto is not asking you to imagine anything because the product is already live, already running, and already protecting the capital inside it.
The risk scanner catches every bad contract before you buy so projects built to steal get blocked before your money ever leaves your wallet, and PepetoSwap charges nothing on any trade so your gains stay whole instead of shrinking across dozens of positions.
The creator of the original Pepe coin, the meme token that hit $11 billion with zero products behind it, built Pepeto on the same 420 trillion supply with SolidProof going through every contract line by line. More than $8.9 million came in while fear dominated the entire market, and the wallets inside are not hoping for a lucky break.
They did the research, saw what was built, and moved with conviction while everyone else waited for clarity that never comes until it is too late. Staking pays 185% APY, growing your tokens daily while the listing gets closer and closer.
At $0.000000186 per token, analysts project 100x to 300x from the Binance listing alone. Picture what that means in real money you can hold: $2,000 today turns into $200,000 at the low end and $600,000 if the full target hits. This kind of setup does not come around twice in the same cycle, and it does not wait for the people who need another week to decide.
Today is the day that matters, not tomorrow, not next week, because the entry available right now will not exist in a few days. Every person who built real wealth from early crypto says the exact same thing: I moved today instead of coming back tomorrow, and that one choice made all the difference between watching and owning. The listing ends this price, and it does not come back.
SOL (Solana)
SOL trades near $82.16 with a $40 billion cap, 65% below its all time high per CoinMarketCap. The Alpenglow upgrade targets one second finality, but even a full recovery to $200 delivers 138%, returns that take the full year from a cap that limits rally speed.
BNB (Binance Coin)
BNB trades near $592 with a $80 billion cap per CoinMarketCap. The Binance ecosystem generates steady fee revenue and BNB burns cut supply.
But the strongest return sits at presale pricing, not at $80 billion needing massive inflows just to double.
Conclusion
SOL carries the speed upgrades and BNB holds the exchange revenue story, both are credible long term plays for patient money. But wealth in crypto has never come from patience with large caps. Wealth comes from one entry, at one moment, before the listing forces the entire market to pay what you already hold. That moment is Pepeto, right now.
The creator of the $11 billion Pepe token built a working exchange, SolidProof signed every contract, a Binance veteran runs the build, and $8.9 million from the most informed wallets in the market already filled this presale while retail sat on the sideline frozen by fear.
$2,000 inside Pepeto at 100x becomes $200,000. At 300x it becomes $600,000. SOL needs to triple just to get you 138%. BNB needs massive volume just to double from $80 billion. The math is not close, and the math is what builds wealth, not hope. The Pepeto official website is where you get in before the listing opens, and once it does, this price becomes the one thing every person who waited kicks themselves for missing.
You can watch SOL and BNB grind out gains over the next year, or you can be the person who caught the listing that changed everything. One of those stories ends with wealth. The other ends with regret.
Click To Visit Pepeto Website To Enter The Presale
FAQs
Why does the Iran ceasefire matter for the crypto market right now?
The ceasefire pushed BTC past $72,700, and the new cryptocurrency closest to listing catches that returning capital before large caps absorb it.
Is SOL or BNB a better hold than a presale entry?
Both deliver steady returns from large caps, but a presale to listing move from the Pepeto official website delivers gains SOL and BNB need years to match.
What makes Pepeto the strongest new cryptocurrency presale this cycle?
Pepeto built by the Pepe creator with SolidProof audits, more than $8.9 million raised, and a confirmed Binance listing delivers returns large cap entries take full cycles to produce.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Director of National Intelligence Tulsi Gabbard declassified closed-door 2019 transcripts tied to President Donald Trump’s first impeachment.
The documents had been withheld for more than seven years. They detail briefings with then-Intelligence Community Inspector General Michael Atkinson about the whistleblower complaint that triggered impeachment proceedings.
Transcripts Allege Undisclosed Partisan Ties
The newly released records show the whistleblower was a registered Democrat. The individual had a prior professional relationship with then-Vice President Joe Biden on Ukraine policy. He also worked as a CIA detailee at the White House.
The transcripts also indicate the whistleblower met with Schiff’s committee staff before filing the formal complaint in August 2019. That contact was not disclosed on official intake forms.
HPSCI Chairman Rick Crawford released the papers after Gabbard finished the declassification review late last week.
Atkinson Accused of Bypassing Safeguards
The released materials suggest Atkinson fast-tracked the complaint despite knowing the whistleblower’s political affiliations.
He reportedly accepted the individual’s self-assessment of impartiality without an independent investigation.
The Department of Justice’s Office of Legal Counsel separately ruled at the time that the complaint involved foreign diplomacy.
It also found the filing relied on secondhand information and failed to meet the “urgent concern” threshold.
Political Fallout and Market Implications
Gabbard framed the documents as proof of intelligence community misconduct. However, critics have accused Gabbard of withholding intelligence from Congress.
Whistleblower Aid filed a separate complaint against the DNI director earlier this year.
The disclosure adds political volatility ahead of 2026 midterm elections. Crypto regulation and Trump administration policy remain central issues for digital asset voters.
The post Trump Impeachment “Hoax” Narrative Explodes in New Intelligence Report appeared first on BeInCrypto.
Bitcoin (BTC) reversed its losses after Monday’s Wall Street open as markets digested the newest developments in the US-Iran war.
Key points:
-
Bitcoin joins US stocks in a relief bounce despite the US blockade of the Strait of Hormuz going ahead.
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The measures exclude shipping traffic from non-Iranian ports, analysis notes.
-
BTC price perspectives warn of a fresh downward reversal next.
Crypto “panic has faded” over Iran
Data from TradingView showed BTC price action abruptly heading higher, reaching $72,530 on Bistamp.
The US blockade of the Strait of Hormuz began Monday at 10 a.m. EDT, but markets appeared relieved that traffic not going to or from Iranian ports would be unaffected.
According to trading resource The Kobeissi Letter, the US would “not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports.”
“A successful blockade of Iranian ports would cut off the majority of the already restricted oil exports from the region,” it wrote in a post on X, warning over US gas prices hitting $4.25 per gallon.
WTI crude oil circled $102 per barrel, having briefly retested the $100 mark that it passed at the start of futures trading.
US stocks, meanwhile, canceled out the initial downside from the news that negotiations between the US and Iran had failed.
Both the S&P 500 and Nasdaq Composite Index were green on the day at the time of writing.
Commenting, trading company QCP Capital flagged the increasing role of Chinese trade as a factor in the Iran saga.
“China sits at the centre of this. With Iranian crude largely flowing east, any blockade would cut directly into Beijing’s supply chain,” it wrote in its latest “Market Color” update.
QCP argued that “even with a strong US naval presence, the question is not intent but enforcement.”
“Intercepting Chinese vessels in international waters would risk a materially larger escalation, and markets are not priced for that outcome. Instead, they are leaning on a familiar playbook: rhetoric escalates, reality softens,” it continued.
“Crypto is reflecting that view. Despite renewed blockade threats, implied vols and risk reversals have drifted back toward pre-conflict levels, a signal that panic has faded even if uncertainty has not.”
Trader warns of “Bart Simpson” BTC price reversal
Traders maintained a risk-off stance on short-term BTC price action.
Related: Oil price surges 8% on Iran tensions: Five things to know in Bitcoin this week
Trader Jelle warned that BTC/USD may print a classic “Bart Simpson” failed breakout pattern next, effectively erasing its gains from earlier in April.
“As said earlier today, eyes on $70.5k,” he advised X followers.
$BTC looking more and more ready to complete the Bart move here.
H&S-like structure, potentially forming the right shoulder here.
As said earlier today, eyes on $70.5k.
Lose that and we likely full retrace the ‘ceasefire’ pump. pic.twitter.com/F3K0bG2aj6
— Jelle (@CryptoJelleNL) April 13, 2026
In a previous post, Jelle said that Bitcoin’s bear flag pattern on daily time frames was “still in play.”
As Cointelegraph reported, the pattern threatened a repeat of the January price action, with Bitcoin risking new macro lows.
In his latest analysis, meanwhile, trader CrypNuevo saw few actionable moves in the current trading range.
“It’s the clearest chart in a long time: Nothing to do here at mid-range – wait for price to trade at one of the extremes, probably this week or the next,” an X thread on Sunday stated.
CrypNuevo flagged the area between $59,000 and $61,000 for entering swing long positions.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
Bitcoin (BTC) futures data shows that traders who opened new short positions above $70,000 over the weekend could be at risk of liquidation as a wave of leveraged positions were closed on Monday.
The weekly change in Bitcoin futures market open interest fell to -2.46% on Monday, down from a 8.9% increase on March 31, suggesting a decline in leverage.
Multiple long-term Bitcoin valuation metrics also sit at historic lows, with analysts estimating that nearly 90% of the downside has already been priced in.
Bitcoin futures leverage reset meets rising short bias
Bitcoin researcher Axel Adler Jr noted the weekly change in aggregate Bitcoin futures open interest (OI) measured in BTC. The metric peaked at 8.9% on March 31 as the price pushed above $73,000. By April 4, it flipped to -7.2%, marking the sharpest contraction in the period. The seven-day change stands at -2.46% on Monday, with the total OI near 318,000 BTC.
The shift into negative territory occurred on Sunday, placing the deleveraging phase in its early stage. Adler said that the price holding above $70,000 during this contraction shows that a large portion of long-side leverage has been closed without a cascading liquidation that crashed the BTC price.
OI does not distinguish between voluntary closures and forced liquidations, so the move is described as a broad leverage reset.
Funding rate data adds a second layer. The seven-day average funding rate across Binance, Bybit and OKX has dropped from 0.33% on March 31 to -0.1738% by April 13.
Bybit and OKX show deeper negative values, signaling a stronger short-side tilt. The negative funding means sellers are paying buyers to hold positions.
This indicates growing pressure on the short positions if the price holds steady, as the positioning is leaning against the current uptrend.
The current setup shows long positions under pressure exited first, then shorts stepped in. A stable price above $70,000 in the face of this shift creates conditions where late short exposure can be squeezed if BTC demand returns.
Related: Oil price surges 8% on Iran tensions: Five things to know in Bitcoin this week
Data says Bitcoin is still undervalued
MN Capital Founder Michaël van de Poppe pointed to three long-term indicators sitting at extreme lows. The Puell Multiple Z-Score, which compares the Bitcoin miner revenue to historical averages, is at its lowest reading in a decade. Similar levels appeared near the 2018, 2020, and 2022 BTC price bottoms.
The spent output profit ratio (SOPR) Z-Score, which tracks whether coins are sold at a profit or a loss, has reached its lowest point on record. It shows widespread realization of losses, often seen near exhaustion phases.
The market-value-to-realized-value (MVRV) Z-Score has also printed its weakest reading ever, placing the BTC price near aggregate cost-basis zones.
Together, these metrics show that most investors are no longer sitting on large profits, and much of the earlier euphoric buying has cooled.
This type of reset often follows heavy selling, where short-term traders exit positions and coins shift toward holders with a longer-term outlook.
While the price levels between $64,000 and $66,000 show visible liquidity, $74,000 remains a tested ceiling. Van de Poppe said,
“For sure, markets can tumble and sweep the lows for liquidity, but I don’t think we’ll see much more downside in the markets, or at least 90% of the downside is already captured.”
Related: Strategy buys 13,927 Bitcoin for $1B, holdings near 800,000 BTC
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
Bitcoin (BTC) reclaimed the $72,000 level as bulls attempt to push the price closer to its multi-month range highs. While lower levels are attracting buyers, sustaining the higher levels might pose a challenge.
Coin Bureau founder and market analyst Nic Puckrin told Cointelegraph that for BTC to reach $90,000, the geopolitical tensions must end, bringing oil prices to $80. Additionally, economic data must soften in order to calm investors’ fear that stagflation may hamper the US economy.
Another cautious view came from CoinEx exchange chief analyst Jeff Ko, who told Cointelegraph that the short-term sentiment “remains fragile and heavily macro-driven, especially by oil, the dollar and inflation expectations.” The analyst sounded more confident over the medium term as he does not expect oil prices to remain elevated due to the supply-demand fundamentals.
As far as price levels are concerned, macro analyst Jordi Visser said on the Anthony Pompliano podcast that a sustainable move could begin if BTC trades above $76,000 and Ether (ETH) above $2,400.
Could buyers pierce the overhead resistance in BTC and the major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index price prediction
The S&P 500 Index (SPX) gapped up and closed above the 50-day simple moving average (6,761) on Wednesday, indicating that the corrective phase may be over.
The 20-day exponential moving average (6,657) has started to turn up, and the relative strength index (RSI) is in the positive territory, indicating a slight edge to the bulls. Any pullback is expected to find support at the 20-day EMA. If the price remains above the 20-day EMA, the bulls will strive to push the index toward the all-time high of 7,002.
On the contrary, if the price turns down and breaks below the 20-day EMA, it suggests that the bears are selling on rallies. That increases the likelihood of a range formation in the near term.
US Dollar Index price prediction
Sellers are attempting to sink the US Dollar Index (DXY) below the 50-day SMA (98.67), but the bulls have held their ground.
The bounce off the 50-day SMA is expected to face selling at the 20-day EMA (99.34). If the price turns down from the 20-day EMA and breaks below the 50-day SMA, it suggests that the index may continue to oscillate inside the large range between 95.55 and 100.54 for some more time.
Contrarily, a close above the 20-day EMA suggests demand at lower levels. The bulls will then again attempt to thrust the price above the 100.54 resistance.
Bitcoin price prediction
BTC pulled back to the 20-day EMA ($70,209), indicating that the bears are fiercely defending the $74,000 to $76,000 zone.
The bounce off the 20-day EMA on Monday indicates that the bulls are buying on dips. That increases the possibility of a retest of the critical $76,000 resistance. Sellers are expected to defend the level with all their might, as a close above $76,000 will complete a bullish ascending triangle pattern. That clears the path for a potential rally to $84,000.
Sellers are likely to have other plans. They will attempt to pull the BTC/USDT pair below the moving averages. If they succeed, the BTC price may drop to the support line. A close below the support line tilts the advantage in favor of the bears.
Ether price prediction
ETH has pulled back to the 20-day EMA ($2,154), which is a crucial support to watch out for in the short term.
If the ETH price rebounds off the 20-day EMA with force, it suggests that the bulls are buying on dips. That improves the prospects of a rally above the $2,386 resistance. If that happens, the ETH/USDT pair may surge toward $2,800.
Alternatively, a break below the moving averages indicates that the bears are active at higher levels. That may signal a consolidation between $1,916 and $2,386 for a while.
BNB price prediction
Buyers are struggling to push BNB (BNB) above the moving averages, indicating that the bears are attempting to retain control.
Sellers will try to strengthen their position by pulling the BNB price below the $570 level. If they manage to do that, the BNB/USDT pair may resume the downtrend toward the next target objective at $500.
On the contrary, if the price turns up from the current level or the $570 support and rises above the moving averages, it suggests that the pair may remain range-bound for a few more days.
XRP price prediction
XRP (XRP) remains stuck between the $1.27 level and the 50-day SMA ($1.37), indicating a balance between supply and demand.
Sellers will attempt to gain the upper hand by pulling the XRP price below the $1.27 support. If they can pull it off, the XRP/USDT pair may descend to $1.11 and thereafter to the support line of the descending channel pattern.
This negative view will be invalidated in the near term if the price turns up and breaks above the moving averages. That opens the gates for a rally to the downtrend line, which is expected to act as stiff resistance.
Solana price prediction
Solana (SOL) turned down from the 50-day SMA ($85) on Sunday, indicating that the bears are selling on minor rallies.
Sellers will strive to pull the SOL price down to the $76 level, which is likely to attract buyers. If the price rebounds off the $76 level, the bulls will again attempt to pierce the 50-day SMA. If they succeed, the SOL/USDT pair may extend its stay inside the $76 to $98 range for some more time.
A close below the $76 level indicates that the bears have seized control. That increases the likelihood of a drop below the $67 level.
Related: Strategy buys 13,927 Bitcoin for $1B, holdings near 800,000 BTC
Dogecoin price prediction
Dogecoin (DOGE) is getting squeezed between the moving averages and the $0.09 support, signaling a potential range expansion in the next few days.
If the DOGE price continues lower and closes below the $0.09 support, it shows that the bears have overpowered the bulls. The DOGE/USDT pair may plummet to $0.08 and subsequently to the $0.06 support.
Time is running out for the bulls. They will have to push and maintain the price above the moving averages to begin a relief rally. The pair may then rise to $0.11 and, after that, to the $0.12 level.
Hyperliquid price prediction
Buyers failed to propel Hyperliquid (HYPE) above the $43.76 overhead resistance on Saturday, indicating that the bears are aggressively defending the level.
A positive sign in favor of the bulls is that they have not ceded much ground to the bears. That enhances the prospects of a break above the $43.76 level. If that happens, the HYPE price may soar to $50.
Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it suggests that the bulls have given up. The HYPE/USDT pair may then slump to the 50-day SMA ($35.99).
Cardano price prediction
Cardano (ADA) plunged below the $0.25 level on Sunday, signaling that the bears are attempting to take charge.
The $0.23 level is the crucial support to watch out for on the downside. If the level breaks down, the ADA price may drop to the Feb. 6 low of $0.22 and later to the support line of the descending channel pattern.
The first sign of strength will be a break and close above the 50-day SMA ($0.26). Sellers will attempt to halt the relief rally at the downtrend line; if the bulls prevail, the ADA/USDT pair could signal a potential trend change.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
The US politics story with the most direct impact on American households went live Monday morning when the Navy blockade of Iranian ports took effect at 10 AM ET, pushing Brent crude above $103, WTI to $104, and keeping average US gasoline above $4.12 per gallon at a moment when March inflation has already confirmed a jump to 3.3 percent.
Summary
- The blockade went live after 21 hours of US-Iran talks in Islamabad collapsed Saturday night, with VP Vance announcing Iran refused to commit to giving up its nuclear program; oil has now risen more than 50 percent since the war began February 28, and gas prices are up 38 percent from pre-war levels despite a brief dip following the April 7 ceasefire.
- March CPI confirmed Friday at 3.3 percent annual rate, up sharply from 2.4 percent in February, driven by the largest one-month jump in fuel costs since at least 1957; food prices, airline fees, and mortgage costs are all expected to follow energy higher in April as supply chain pressures from the Strait of Hormuz disruption compound through the economy.
- Trump acknowledged on Fox News Sunday that gas prices could be “the same or maybe a little bit higher” by the midterm elections, a rare admission from the White House that the economic costs of the blockade are not expected to resolve quickly.
CNN’s analysis of the blockade’s economic impact noted that while the move is designed to pressure Iran by cutting off its oil export revenue, which was approximately $45 billion last year and represents 13 percent of Iran’s GDP, it also threatens to worsen the war’s impact on American consumers who are already managing the most severe energy shock since the 1970s. Quincy Institute executive vice president Trita Parsi warned Monday that taking more Iranian oil off the market could drive prices “around $150 per barrel.” Karen Young at the Middle East Institute told CNN: “It could be a long time from now” before oil prices come down.
The blockade also carries structural risks beyond its direct energy price impact. China is Iran’s largest oil buyer, and a blanket ban on tankers carrying Iranian crude threatens to draw Beijing directly into the confrontation at a moment when Trump has a planned trip to China scheduled for next month.
The transmission from oil to everyday costs is already underway. Gasoline at $4.12 per gallon is just the most visible line item. Fertilizer prices, which are tied to natural gas and petroleum inputs, affect grocery costs over a six-to-eight week lag. Food packaging, transportation, and heating costs all carry an energy component that has not yet fully passed through to consumer prices. The March CPI reading of 3.3 percent captured only the initial shock. Oxford Economics projected in its pre-release analysis that headline CPI would climb above 4 percent in April as the energy price increase reaches a broader range of goods and services.
What the Fed Can and Cannot Do
The Federal Reserve held rates steady at its last meeting and has effectively scrubbed rate cut expectations from its 2026 calendar. The Fed typically prefers to look through energy-driven inflation as temporary, but the blockade introduces the possibility that energy prices do not mean-revert on a predictable timeline. If the ceasefire expires April 22 without an extension and the blockade tightens further, the Fed faces a genuine stagflation scenario: inflation rising from the energy shock while economic growth slows from higher input costs across the economy.
What to Watch Before the Ceasefire Expires April 22
The crypto and broader market implications of the Iran situation are now centered on whether the blockade produces enough economic pressure on Tehran to restart talks before April 22, or whether the ceasefire expiry triggers a return to full hostilities. The diplomatic path that ended the Islamabad talks on Iran’s nuclear program remains unresolved, and neither the blockade nor the ceasefire extension question has a clear resolution. As this week’s developments confirm, every escalation step in the Iran conflict has produced a direct and immediate response in energy prices, equity markets, and crypto simultaneously.
Bitmine Immersion Technologies said Monday that it purchased 71,524 Ether over the past week, bringing its total holdings to about 4.87 million tokens.
The company said the position represents roughly 4.04% of the total Ether (ETH) supply, based on about 120.7 million tokens outstanding, as it continues to pursue a target of acquiring up to 5% of global supply. Its balance sheet also includes 198 Bitcoin (BTC) and about $719 million in cash.
Bitmine said the latest purchase marks its fastest weekly pace of Ether accumulation since December 2025.
According to data from CoinGecko, Bitmine is the largest Ethereum treasury company by a wide margin, with SharpLink holding about 868,699 ETH and The Ether Machine holding 496,712 ETH.
It is also one of the few Ethereum treasury companies to increase its holdings over the past 30 days. Exodus Movement was the only other company in the dataset to do so, adding 17 ETH to reach a total of 1,857 ETH.
Chairman Tom Lee said Ether has outperformed traditional assets in recent weeks, citing demand tied to tokenization activity on Wall Street and growing use of public blockchains by AI systems.
Ether is up about 7% over the past month, limiting its year-to-date decline to about 25%, according to CoinGecko data.
A portion of the holdings is staked through MAVAN, the company’s in-house platform, with about 3.33 million ETH currently staked and projected annual rewards of roughly $310 million based on recent yields.
The announcement follows Bitmine’s April 9 debut on the New York Stock Exchange after uplisting from NYSE American, a move that typically signals stricter listing standards and broader access to institutional capital.
Related: Ether Machine scraps SPAC merger with Dynamix, citing market conditions
Strategy buys as most treasury companies hold or sell
Bitmine wasn’t the only crypto treasury company to buy in recent days, as Strategy on Monday also disclosed another major accumulation, bringing its Bitcoin’s total holdings closer to 800,000 BTC.
The world’s largest public BTC holder said it acquired 13,927 Bitcoin for $1 billion between April 6 and April 12, at an average price of $71,902 per coin, below its overall average purchase price of $75,577. Strategy now holds 780,897 BTC, purchased for a total of $59.02 billion, with just over 19,000 BTC remaining to reach the 800,000 mark.
Bitcoin treasury activity over the past 30 days shows a divergence between accumulation and selling. Strategy led buying by a wide margin, adding 42,166 BTC, while Japan’s Metaplanet increased its holdings by 5,075 BTC. Smaller additions came from companies like Strive, which added 430 BTC.
In contrast, Bitcoin miners drove most of the selling, with MARA Holdings offloading 15,133 BTC, while Riot Platforms reduced holdings by 2,325 BTC.
Magazine: Asia Express: Phantom Bitcoin checks, China tracks tax on blockchain
Weekend panics followed by Monday reversals have become the norm in 2026, and the action over the last 48 hours has continued that pattern.
Down about 4% from late Saturday night into early Monday morning on news that U.S. Vice President J.D. Vance had left Pakistan without an Iran peace deal and President Trump’s ordering of a blockade of the Strait of Hormuz, bitcoin erased those losses in Monday U.S. action.
Trading at $73,400 as U.S. stocks closed for the day, bitcoin was higher by more than 3% over the last 24 hours. Ether (ETH), solana (SOL) and XRP (XRP) were also in the green, though posting slightly smaller gains than BTC.
Leading crypto-related stocks higher were Circle (CRCL), up 11%, Gemini (GEMI), up 9%, and MARA Holdings (MARA) and Bullish (BLSH), each up just over 8%.
In traditional markets, the Nasdaq was higher by 1.2%, and WTI crude oil had pulled all the way back to $98 per barrel after topping $105 at one point on Sunday.
No let-up from Strategy
Away from Middle East issues, Michael Saylor’s Strategy (MSTR) continues to hoover up bitcoin at a mighty pace. The company last week bought 13,927 BTC for $1 billion. Interestingly, Saylor and team issued no common stock to fund the purchases, but instead $1 billion worth of their STRC preferred stock, which yields 11.5%.
The action today in STRC suggests more big buys are coming this week. Volume Monday on STRC (when checked just before 3 pm ET) was a record $770 million. With the stock continuing to trade at par, it suggests sizable additional issuance by Strategy, and thus more large bitcoin buys.
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