Connect with us
DAPA Banner

Crypto World

Oil jumps 7%, bitcoin extends losses

Published

on

Oil jumps 7%, bitcoin extends losses

Oil futures surged on Hyperliquid after President Donald Trump ordered a naval blockade of the Strait of Hormuz, a major global supply chokepoint. The move came after Iran refused to give up its nuclear ambitions during peace talks in Islamabad earlier in the day.

Perpetual futures tied to WTI crude oil jumped to $96.40, up 7% on the day, extending early gains. Brent futures rose 6% to $96.

Notably, WTI futures registered $1.53 billion in trading volume, making it the third-most-traded instrument on the platform behind BTC and ETH. The data highlights growing investor preference for price discovery on decentralized blockchain platforms, especially when traditional markets are closed.

This blockade news couldn’t have come at a worse time, as mid-April marks a critical period for the oil market, when the large-scale drawdown of strategic petroleum reserves coordinated by the International Energy Agency begins to approach its limit.

Advertisement

Those emergency releases, initiated after the war broke out on Feb. 28, have been offsetting a supply shortfall of roughly 4.5 to 5 million barrels per day caused by disrupted flows through the Strait of Hormuz, but as these buffers run down in the coming weeks, that gap risks widening sharply to roughly 10 to 11 million barrels per day if normal supply is not restored.

If this scenario materializes, it would amount to “a supply shock without precedent in the modern oil market,” the House of Saud recently said. The IEA’s Chief, Fatih Birol, warned last week that the oil supply shock could be worse in April than in March.

The impact on markets would likely be immediate, with oil benchmarks gapping higher on Monday amid tighter supply expectations, equities facing renewed risk-off pressure amid inflation concerns, and volatility rising across both traditional and crypto markets as traders reassess global growth assumptions.

Bitcoin, which is considered a leading indicator for risk assets by some traders, is already under pressure. As of writing, it changed hands near $71,000, down nearly 3% on the day, according to CoinDesk data.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

World Liberty Financial Dares One Of Its Biggest Backers to Court

Published

on

World Liberty Financial Dares One Of Its Biggest Backers to Court

World Liberty Financial has challenged its largest private investor to a legal fight after he publicly accused the project of embedding a hidden freeze function in its token contract.

The dispute marks a sharp turn in a relationship that began with a $30 million investment in November 2024.

World Liberty Financial Turns on Its Biggest Backer: See You in Court

The investor, Tron founder Justin Sun, poured over $75 million into the platform and describes himself as the first and single largest victim of the project’s blacklisting practice.

In December 2024, the World Liberty Financial cleared its cbBTC portfolio of 102.9 tokens worth $10.4 million to acquire 103.15 WBTC.

Advertisement

The following day, Sun was named an advisor to WLFI, highlighting his growing interest in the DeFi project and the growing relationship between WLFI and WBTC.

Sun’s allegations center on a smart contract function he says was never disclosed to investors. He claims the mechanism grants WLFI unilateral power to freeze or restrict any token holder’s assets without notice or recourse.

“Does anyone still believe Justin Sun? Justin’s favorite move is playing the victim while making baseless allegations to cover up his own misconduct. Same playbook, different target. WLFI isn’t the first. We have the contracts. We have the evidence. We have the truth. See you in court pal,” wrote WLFI.

His wallet was blacklisted in September 2025 after on-chain data showed outbound token transfers, including one worth $9 million.

Advertisement

Sun’s frozen holdings have since lost roughly $60 million in value as the WLFI token price collapsed, leaving him unable to sell, hedge, or rebalance his exposure. WLFI has maintained the freeze was a security measure, not a targeted action.

The dispute has drawn attention to a separate but related concern. A DeFi analyst flagged that Dolomite, a lending protocol, is allowing $292 million to be borrowed against $400 million in WLFI collateral, with $158 million in USD1 already drawn.

The analyst noted that Dolomite’s founder is also WLFI’s CTO, raising direct conflict-of-interest questions.

Advertisement

WLFI tokens hit a record low of $0.077 on April 11 and traded at $0.079 at press time, down roughly 76% from their all-time high of $0.30 set last September.

The post World Liberty Financial Dares One Of Its Biggest Backers to Court appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading

Crypto World

Bitcoin Drops 3% as Failed US-Iran Nuclear Talks Trigger Heavy Short Pressure

Published

on

Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • JD Vance confirmed US-Iran nuclear talks failed, triggering a 3% Bitcoin price drop overnight.
  • Bitcoin’s decline extended its drawdown to nearly 42% from its most recent all-time peak price.
  • Nearly $1 billion in sell volume hit Binance derivatives within one hour of the failed talk news.
  • Binance funding rates fell to -0.0065%, confirming short positions now dominate the derivatives market.

Bitcoin faced sharp selling pressure after US-Iran nuclear talks collapsed over the weekend. JD Vance confirmed no agreement was reached, sending BTC down 3% and back toward the $70,000 range.

Bitcoin Slides 3% After Diplomatic Breakdown

Bitcoin entered the weekend with cautious optimism, supported by improving geopolitical signals from the prior week. Traders had been watching the US-Iran negotiations closely for any sign of progress.

Instead, JD Vance announced overnight that talks had failed entirely. Disagreements over nuclear issues were cited as the main barrier to any deal.

The price quickly reflected the news, with Bitcoin dropping around 3%. That decline brought BTC back to the $70,000 area, a zone that had acted as support in recent sessions.

The move also extended Bitcoin’s drawdown to nearly 42% from its most recent peak. Despite the sustained decline, market participants continued to lean short.

Advertisement

Geopolitical tension has often added uncertainty to crypto markets, and this case was no different. The breakdown removed a layer of optimism that had been building throughout the week.

When that support gave way, the sell-off followed quickly and without hesitation. Bearish momentum took hold almost immediately after the announcement.

Trading volumes responded sharply as the news circulated. BTC price action was decisive, with sellers taking control during the session.

The broader crypto market also reflected the risk-off shift. Bitcoin, as the market’s lead asset, absorbed the brunt of the pressure.

Advertisement

Short Sellers Take Control of Binance Derivatives

Within one hour of the news breaking, nearly $1 billion in sell volume flooded Binance derivatives. Crypto analyst Darkfost noted in a post that this level of activity in such a short window pointed to heavy, coordinated short positioning.

The volume surge reinforced the already declining price trajectory. It was a clear signal that traders were reacting swiftly to the geopolitical news.

Funding rates on Binance moved further into negative territory, settling around -0.0065%. Binance incorporates an implicit interest rate of 0.01% into its funding rate calculations.

When the rate falls below that level, it confirms that short positions are already dominating. That threshold has now been crossed, placing control firmly with the bears.

Advertisement

This kind of short-side consensus has historically preceded counter-moves in the market. When most participants align on one side, price often moves in the opposite direction.

However, this dynamic tends to carry less force during bear market conditions. Any potential reaction is likely to remain limited in both scale and duration.

Traders watching this setup should remain measured in their expectations. The broader trend continues to favor the downside, even with crowded short positioning.

A reactive bounce is possible but not guaranteed under current conditions. BTC’s next move will likely depend on any fresh geopolitical or macro developments.

Advertisement

Source link

Continue Reading

Crypto World

XRP Price Prediction: Bottom Signals Flashing, Good Time to Scoop?

Published

on

XRP price is trading at a whisper of green in an otherwise grim eight-month downtrend and continuation of bearish prediction.

XRP price is trading at a whisper of green in an otherwise grim eight-month downtrend and continuation of bearish prediction. Volume remains elevated at the $2B range, showing that conviction hasn’t fully left the building. Are the indicators finally telling us something, or is this another false dawn before a deeper flush?

Technical data shows the RSI on the XRP/BTC ratio has collapsed to 23, the most oversold reading since October 2025. Historically, RSI prints at this level on the XRP/BTC pair have preceded breakouts of 65% to 345% against Bitcoin.

XRP price is trading at a whisper of green in an otherwise grim eight-month downtrend and continuation of bearish prediction.
XRP BTC, TradingView

The XRP MVRV Z-score is simultaneously hovering near zero, a level that has aligned with accumulation zones in 2021, 2022, and 2024 before each subsequent major rally. The last comparable setup, June 2025, launched a 61% XRP/BTC ratio surge and a 92% price run to $3.66.

The Fear & Greed Index sits at an extreme 16, with 26 of 29 technical indicators currently bearish. Macro caution is real. But macro caution and structural bottoms have a long history of coexisting.

Discover: The best crypto to diversify your portfolio with

Advertisement

XRP Price Prediction: Reclaim $1.41 Resistance, or a Retest of $1.28 Support?

Price is consolidating in a tight band with clear technical boundaries. Resistance sits at $1.37, $1.39, and $1.41; the 50-day SMA looms overhead at $1.40, keeping bulls honest. Support clusters at $1.33, $1.32, and $1.31, with the strongest floor at the $1.28–$1.30 classical pivot zone.

The RSI on the daily timeframe has neutralized around 46.48, not oversold, but also not showing momentum in either direction.

XRP price is trading at a whisper of green in an otherwise grim eight-month downtrend and continuation of bearish prediction.
XRP USD, TradingView

Short-term forecasts lean cautiously. April’s projected range is $1.30–$1.51, suggesting limited explosive upside in the near term even under optimistic conditions.

XRP’s recent price action has drawn comparisons to prior false recoveries, though the MVRV data distinguishes this moment from typical dead-cat setups. The XRP/BTC pair is also sitting inside a long consolidation range that has historically acted as a macro launch zone, which is either very reassuring or very easy to say in hindsight.

Advertisement

Discover: The best pre-launch token sales

LiquidChain Targets Early Mover Upside as XRP Tests Key Levels

XRP’s structural indicators may be pointing toward a bottom, but even a clean reversal to $1.5 only represents modest upside for capital already deployed at current prices. Institutional inflows into XRP ETPs have been notable, yet the price remains range-bound. Traders watching for asymmetric entries are increasingly scanning earlier in the capital stack.

LiquidChain ($LIQUID) is a Layer 3 infrastructure project built around a single thesis: that fragmented liquidity across Bitcoin, Ethereum, and Solana is the core unsolved problem in DeFi. Its Unified Liquidity Layer fuses BTC, ETH, and SOL liquidity into one execution environment, developers deploy once and access all three ecosystems simultaneously via Single-Step Execution and Verifiable Settlement.

Advertisement

The presale is currently priced at $0.01448, with $650K raised to date and the project approaching its $1M milestone. It also offers 1600% APY Staking bonus for early participants.

For traders looking beyond near-term range-trading, research LiquidChain and check what it has to offer.

The post XRP Price Prediction: Bottom Signals Flashing, Good Time to Scoop? appeared first on Cryptonews.

Advertisement

Source link

Continue Reading

Crypto World

Michael Saylor Hints Strategy is Buying More Bitcoin

Published

on

Bitcoin Price, MicroStrategy, Michael Saylor

Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy, signaled that the company is acquiring more BTC, as the price retreated from the local high of over $73,000 reached this week.

“Think bigger,” Saylor said on Sunday, while sharing the chart of Strategy’s BTC purchase history that has become synonymous with imminent BTC acquisitions.

Strategy’s most recent BTC purchase was April 6, when it bought 4,871 coins for more than $329.8 million, bringing its total holdings to 766,970 BTC, valued at about $54.5 billion using market prices at the time of publication, according to the company.

The Tysons Corners, Virginia-based company continues accumulating BTC, even amid a bear market that pushed Bitcoin’s price down to two-year lows, putting Strategy’s BTC treasury underwater.

Advertisement
Bitcoin Price, MicroStrategy, Michael Saylor
Strategy’s Bitcoin purchase history. Source: Strategy

Related: Strategy set to resume buying Bitcoin via STRC: Will BTC price hit $80K?

Strategy is sitting on nearly $14.5 billion in unrealized losses

Strategy’s average cost of acquisition per BTC is $75,644, nearly $5,000 less than the market price at the time of this writing.

The company reported a loss of nearly $14.5 billion on its BTC holdings for the first quarter of 2026, according to a filing with the US Securities and Exchange Commission (SEC).

Despite the unrealized losses, Strategy continues to accumulate BTC at a faster rate than miners can produce new coins, leading some analysts to forecast a potential BTC supply squeeze.

Miners produced about 16,200 BTC in March, while Strategy accumulated 46,233 BTC during that same period, nearly three times the newly mined supply.

Advertisement
Bitcoin Price, MicroStrategy, Michael Saylor
Strategy’s quarter-end BTC holdings. Source: Strategy

“The global consensus is that BTC is digital capital. The four-year cycle is dead. Price is now driven by capital flows. Bank and digital credit will determine Bitcoin’s growth trajectory,” Saylor said in April.

Strategy’s 766,970 BTC reserve makes it the biggest BTC treasury company by holdings, according to BitcoinTreasuries. The next largest is held by Twenty One Capital, which holds 43,514 BTC.

Strategy has bucked the trend during the ongoing bear market by continuing accumulation as other BTC treasury companies show signs of capitulation amid a challenging business environment. MARA Holdings sold 15,133 Bitcoin in March for roughly $1.1 billion to buy back $1 billion of zero-coupon convertible notes at a discount.

Chairman and CEO Fred Thiel commented that the transaction enhanced the company’s “financial flexibility” and increased its “strategic optionality” as MARA expands “beyond pure-play Bitcoin mining into digital energy and AI/HPC infrastructure.”

Magazine: Scottie Pippen says Michael Saylor warned him about Satoshi chatter

Advertisement