Crypto World
A 13% Bounce Is All BMNR Stock Got Last Time: Can This Bullish Attempt Do Better?
BMNR stock price trades at $22.34, up 4% on the day. A bullish RSI divergence has flashed for the second time in a week and options positioning has shifted toward calls.
Yet Bitmine’s institutional interest remains pinned near zero. Institutional capital is not following the momentum. The last time this divergence appeared, it delivered just a 13% bounce before fading. A head-and-shoulders pattern on the daily chart adds a 23% downside risk if the current move fails.
A Bullish Divergence Flashes Again but the Last One Only Gave 13%
BMNR stock price has been declining since peaking in early January. However, the Relative Strength Index (RSI), a momentum indicator that measures the speed and size of recent price moves, is showing signs of a potential reversal.
Between December 31 and April 9, price made a lower low while the RSI made a higher low. That formed a standard bullish divergence, a signal that selling pressure is weakening. However, that divergence only led to a 13% price rise before the rally stalled.
A similar signal has now flashed between December 31 and April 14. Price again made a lower low while the RSI printed a higher low.
Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.
Options positioning on Bitmine stock supports the near-term shift. In late March, the put-call volume ratio, which compares bearish bets against bullish bets, stood at 1.04. That reflected nearly balanced positioning with a slight bearish tilt. As of April 15, it has dropped to 0.35, heavily favoring calls.
Open interest ratio fell from 0.47 to 0.42. That drop means existing bearish positions are being closed. New activity is favoring calls while old puts are being unwound.
The divergence and options data both point to short-term strength. However, a 13% bounce and a fade is exactly what happened last time. Whether this attempt succeeds depends on one metric that has refused to cooperate.
Institutional Money Flow Hasn’t Crossed the Zero Line
The Chaikin Money Flow (CMF), a proxy for institutional capital sits at 0.00 on the daily chart. It has barely touched the zero line and still leans on the negative side.
Since March, only a few brief instances of CMF crossing above zero have occurred. Each time, the reading quickly fell back below. That pattern means institutional capital has ridden brief bounces but has not committed to accumulating BMNR stock.
The broader structure explains why. The daily chart shows a head-and-shoulders pattern forming, a bearish formation. If the pattern completes, the measured breakdown projects a roughly 23% decline from the neckline.
The divergence says bounce. The CMF says institutions are not behind it. The head and shoulders says the larger structure remains bearish. That conflict is what makes the price levels ahead critical.
BMNR Stock Price Levels That Decide Between Bounce and Breakdown
The BitMine price chart maps where stock price either validates the divergence or confirms the bearish pattern.
A drop below $21.08 would invalidate the divergence. That was the swing low where the latest signal formed. Below that, $20.87, the 0.382 Fibonacci level, acts as the next floor. A loss of $19.46, the 0.618 Fibonacci, would suggest the CMF was right. From there, $17.17, the head-and-shoulders neckline, becomes the target. A neckline break projects a BMNR price decline toward $13.14.
Yet a daily close above $23.16 would reclaim the top of the current range. That move would weaken the right shoulder and give the divergence room to run. Beyond that, $23.86 is the head’s peak and the level above which the bearish pattern breaks entirely.
BMNR stock price at $23.16 separates a successful divergence from a repeat of the 13% fade. A close above it gives institutions a reason to follow. A drop below $21.08 hands the chart back to the head and shoulders.
The post A 13% Bounce Is All BMNR Stock Got Last Time: Can This Bullish Attempt Do Better? appeared first on BeInCrypto.
Crypto World
Quantum Stocks Surge on NVIDIA Ising Launch
Quantum computing stocks surged in double digits on April 14 and 15, as NVIDIA’s launch of Ising, the world’s first open-source quantum AI model family, reignited investor conviction that commercial quantum computing is accelerating faster than previously priced.
Summary
- IonQ closed up 20.95% to $43.25, D-Wave Quantum gained 22.63% to $20.81, and Rigetti Computing rose 13.28% to $19.11, all driven by the NVIDIA Ising announcement.
- D-Wave’s trading volume hit 90.2 million shares, approximately 227% above its three-month average, reflecting a sector-wide rerating rather than isolated stock-specific moves.
- TD Cowen analyst Krish Sankar called NVIDIA Ising a “critical catalyst” that could speed up commercialization of the quantum industry.
Quantum computing stocks posted their strongest multi-day rally of 2026, with IonQ, D-Wave Quantum, and Rigetti Computing all closing with double-digit gains on April 14 and 15 after NVIDIA announced Ising, its open-source AI model family for quantum processor calibration and error correction.
IonQ closed up 20.95% at $43.25. D-Wave Quantum gained 22.63% to close at $20.81 on trading volume of 90.2 million shares, roughly 227% above its three-month average. Rigetti Computing rose 13.28% to $19.11.
NVIDIA Ising directly targets the two biggest engineering barriers preventing quantum computers from becoming commercially useful: error correction and processor calibration. Both processes currently require enormous manual overhead and limit the scale at which quantum hardware can operate reliably.
By providing pre-trained, open-source AI models that reduce calibration time from days to hours and improve error correction decoding by up to 3x in accuracy, NVIDIA has materially shortened the engineering roadmap for companies like IonQ, D-Wave, and Rigetti, who are all racing to demonstrate consistent commercial utility before their runways run out.
TD Cowen analyst Krish Sankar said in a note that Ising would be “a critical catalyst that would speed up commercialization of the quantum industry.” B. Riley Securities analyst Craig Ellis told MarketWatch the models “could eventually become a big catalyst for quantum adoption over time.”
IonQ Had Additional Tailwinds
IonQ’s gains were amplified by two additional developments on the same day. The company confirmed a contract award from DARPA’s Heterogeneous Architectures for Quantum program, and separately announced a photonic interconnection breakthrough linking two independent trapped-ion quantum systems, a key step toward quantum networking at scale.
IONQ’s 2025 revenue was $130 million, up 202% year over year. Its 2026 guidance of $225 million to $245 million implies roughly 81% growth. The stock still carries a consensus “Strong Buy” rating with a $65.91 average price target, implying significant upside from current levels even after this week’s rally.
Crypto Implications Worth Watching
Progress in quantum error correction brings useful quantum computers closer to practical reality, a development the crypto sector has long monitored as a quantum threat to existing blockchain encryption standards. Bitcoin’s elliptic curve cryptography and the RSA protocols securing most wallets were not designed to withstand a cryptographically relevant quantum machine.
The NVIDIA Ising launch does not change that timeline in the near term. But every technical advance in error correction, the exact bottleneck Ising targets, shortens the path from today’s fragile qubits to the systems that security researchers say would put Bitcoin closer to risk on a 15-year horizon.
Crypto World
Counterfeit Ledger Devices Found Draining Crypto Wallets Through Supply Chain Fraud
TLDR:
- Counterfeit Ledger Nano S Plus devices use ESP32 chips to steal seeds and PINs in plain text format.
- A fake Ledger Live app passed Mac App Store review and drained over $9.5 million from 50+ victims.
- The fraud spans five attack vectors including Android, iOS, Windows, macOS, and physical hardware.
- Ledger’s genuine check feature fails when hardware is compromised at the supply chain source level.
Counterfeit Ledger hardware wallets are at the center of a growing threat targeting cryptocurrency users worldwide.
A security researcher has documented a large-scale operation distributing fake Ledger Nano S Plus devices through multiple online marketplaces.
The compromised units appear identical to legitimate products but carry entirely different internal hardware. Seeds, PINs, and wallet data are being sent directly to attacker-controlled servers, draining any wallet initialized on the device.
Fake Hardware Hides Malicious Chips and Firmware
The counterfeit devices replace Ledger’s secure element chip with an ESP32 microcontroller. This substitute chip runs modified firmware labeled “Nano S+ V2 1.”
Unlike the genuine secure element, this hardware stores sensitive data in plain text. That data is then transmitted to remote servers controlled by the attackers behind the operation.
Beyond the hardware, the campaign also distributes a fraudulent version of Ledger Live. This fake app is built with React Native and signed using a debug certificate.
It intercepts transactions and sends sensitive user data to multiple command-and-control servers. Users downloading this version have no visible indication that anything is wrong.
The attack spans five separate vectors: compromised hardware, Android APKs, Windows executables, macOS installers, and iOS apps.
The iOS distribution uses Apple’s TestFlight platform to bypass the standard App Store review process. This approach allows the fraudulent software to reach users without triggering typical security checks. Each channel serves as an independent entry point for the same underlying scam.
Ledger’s built-in genuine check feature is designed to verify device authenticity. However, that verification process can be bypassed when the hardware is tampered with at the source.
This makes the point of purchase a critical security variable. Buying from unauthorized sellers removes the only reliable layer of hardware-level verification.
Separate Mac App Store Fraud Drained Over $9.5 Million
Separately, on-chain investigator ZachXBT documented another fake Ledger Live app that passed through Apple’s Mac App Store review. That operation alone drained more than $9.5 million from over 50 victims.
Among those affected was musician G. Love, who lost 5.92 BTC after entering his recovery phrase into the fraudulent application. The app presented itself as the legitimate Ledger companion software.
These two operations together show a clear pattern in how attackers are targeting hardware wallet users. Rather than exploiting firmware vulnerabilities, they are intercepting users before they reach a genuine device.
The fraud happens at the distribution level, not the protocol level. This shift makes user behavior and purchase source more important than ever.
Security best practices remain unchanged despite the evolving tactics. Hardware wallets should only be purchased directly from the manufacturer’s official website.
No legitimate wallet software will ever request a 24-word recovery phrase on screen. Any application asking for seed phrase input is running a scam, without exception.
The broader message from both incidents is straightforward. The hardware itself remains secure when obtained through proper channels.
The vulnerability now lives in the supply chain and software distribution ecosystem. Staying safe requires equal attention to both where a device is bought and how companion software is sourced.
Crypto World
Solana Price Prediction: Standard Chartered Sets $250 Target While a New Crypto Nears Binance
If the regret of seeing SOL run from $8 to nearly $295 and not holding any still sits with you, the market just put another chance in front of you that looks just like the window you let close.
Standard Chartered analyst Geoffrey Kendrick set a $250 solana price prediction for 2026 in his latest April report, and the outlook is shifting as Solana spot ETF assets cross $1 billion in combined inflows while Fear and Greed sits at 12, per openPR.
Pepeto draws closer to its Binance listing with the presale moving at its fastest pace, and over $9.042 million has come in while the rest of the market stays stuck in panic.
Solana Price Prediction Shifts as Standard Chartered Sets $250 Year-End Target
Standard Chartered set a $250 solana price prediction for 2026 in its April update, cutting an earlier $310 target by 19% on macro headwinds but still projecting a 200% move from current levels, per openPR.
Solana spot ETFs from Bitwise (BSOL) and Fidelity (FSOL) have pulled in over $1 billion combined, and Forward Industries now holds 6.9 million SOL worth nearly $1 billion as a Nasdaq-listed treasury play. Morgan Stanley also filed for its own Solana Trust in January, adding another layer of institutional weight.
The SOL outlook now has real institutional backing for the first time in months, but your portfolio still has to wait for a $48 billion market cap to move before the number changes.
The Solana Price Prediction Play to Watch Right Now
Pepeto: The Tools Your Capital Needs While SOL Grinds
The Binance listing gets nearer and rounds fill faster every week. Pepeto is a token scanning and no-fee trading platform, the kind of tool that matters most when the market turns risky and the solana price prediction stays stuck in a range.
While SOL holders hope the Firedancer upgrade and returning ETF flows push prices higher, Pepeto checks every token in real time on Ethereum, BNB, and Solana, catching the bad ones before they reach your wallet and giving you the protection layer that institutional desks use but never share.
PepetoSwap runs every trade at zero cost so your entire buy turns into your entire position, and your capital starts working immediately instead of sitting inside a $48 billion market cap hoping for more money to show up. The cross-chain bridge moves tokens between all three networks at zero gas, so nothing leaks out during the transfer.
Over $9.042 million came in at $0.0000001862 during Fear 12, and the presale is small enough that 100x from this price is what analysts target because the coin runs real swaps and the Pepe creator showed the blueprint works when Pepe hit $7 billion with zero tools. Every contract passed SolidProof. A former Binance lead built the exchange.
And staking at 183% APY grows your stack every single day while listing day approaches. Your wallet gets bigger while you sleep. Buying after the Binance listing means paying whatever the latecomers decide those tokens cost, and the wallets that entered during Fear 12 are the ones whose money compounds first while everyone else pays full price.
Solana (SOL) Price at $83.60 as ETF Inflows Cross $1 Billion
Solana (SOL) trades at $83.60 on April 15 per CoinMarketCap, sitting 72% under its $295 all-time high. Solana spot ETFs from Bitwise (BSOL) and Fidelity (FSOL) have pulled in over $1 billion combined, and Forward Industries now holds 6.9 million SOL as a Nasdaq-listed treasury play.
Standard Chartered targets $250 by year end, a 3x over quarters. Support holds at $81 with the first wall at $90, then $100. A drop below $81 opens a path to $75. The solana price prediction math from a $48 billion cap means even the strongest targets need a year or more to land, not the kind of return that changes the next 12 months.
Conclusion
Solana needs time and fresh capital to hit the levels that matter. But if the ache of missing SOL’s early run still sits with you, Pepeto is that exact moment happening again right now, with a Binance listing locked in and working tools that SOL never had at this stage.
The wallets that got in early last time built fortunes, and every one of them says the same thing: I should have gone bigger. The Pepeto official website still has presale pricing live while Standard Chartered calls for $250 SOL. This is the entry. This is the window. The Binance listing will shut this door forever, and once it does, the presale price becomes the number you tell people about for the rest of the cycle.
Click Here To Enter The Pepeto Presale Before Listing
FAQs
Is the solana price prediction strong enough to hold through current fear?
Standard Chartered targets $250 for SOL by year end while spot ETF assets cross $1 billion in combined inflows. Pepeto targets 100x from one listing event through the Pepeto official website.
Is Pepeto the second chance for wallets that missed early SOL?
Over $9.042 million raised during Fear 12 with a confirmed Binance listing mirrors how early cycle entries formed before. The solana price prediction takes quarters to reach its targets while Pepeto gets there from one listing day.
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.
Crypto World
Short squeeze drives Bitcoin above $75K, $283M in liquidations
Bitcoin (BTC) traded in a narrow corridor of roughly $75,000 to $73,000 during the New York market open on Thursday, as a rapid swing in futures positions pressured the market. Overall, the session saw a total of about $283 million liquidated across the futures complex, underscoring the fragility of short-term momentum and the pressure points embedded in ultralow liquidity pockets.
Key takeaways
- BTC moved between $75,000 and $73,000 in a three-hour window around the New York open, prompting significant futures liquidations totaling about $283 million.
- The downside cascade triggered $166 million in long liquidations, followed by a quick rebound that liquidated roughly $117 million in short positions, creating a pronounced two-sided squeeze within the same trading session.
- The market’s funding rate turned positive to about +0.0005 after the bounce, suggesting that bearish positions were unwinding rather than a fresh wave of new long exposure driving the move.
- Spot participation lagged the rebound, with the spot cumulative volume delta continuing to drift lower as BTC hovered near the $74,000 level, signaling a need for stronger spot demand to sustain gains above key levels.
- Analysts emphasize that meaningful upside beyond the $76,000 range highs will require a synchronized pickup in spot buying and derivatives activity, aligning both sides of the market.
Bitcoin’s liquidity map and the price corridor
A closer look at liquidity layers around Bitcoin’s price reveals a stubborn regional structure that traders say continues to guide intraday moves. KriptoHolder highlighted a dense supply zone between $76,000 and $78,000, where approximately $2.81 billion in short-leveraged liquidity sits. In this zone, break-even pressure can intensify, making a sustained move through that band challenging without added demand.
In contrast, around $74,000 sits what KriptoHolder characterizes as an equilibrium area, where price tends to stall and rebound if liquidity above does not clear. Below $72,000, long-leveraged liquidity of about $2.5 billion creates a potential price magnet if the upper levels fail to clear, offering a theoretical pullback buffer for bulls but also a reminder of downside risk if selling accelerates again.
These liquidity maps are not just academic; they help explain the two-sided rapid move seen on Thursday. As the price dipped to near $73,200, long positions were aggressively liquidated across venues, amplifying the downgrade risk for short-term bulls. When the market found footing, shorts covering became the dominant driver of the bounce, rather than a surge in new buying interest from the spot market.
What the price action tells traders about market participation
During the rebound, data from the measurement tools used by traders indicated that spot demand did not surge in tandem with the short-squeeze unwind. The spot cumulative volume delta (CVD), which tracks net buying and selling in the spot market, continued its downward drift as BTC clawed back toward the mid-70s. This divergence suggests that the rebound owed more to liquidity being squeezed out of shorts than to a broad-based upmove fueled by new buyers stepping in at higher levels.
For BTC to break decisively above the $76,000 ceiling, market participants expect a renewed commitment from the spot market to corroborate the upside and prevent a return of selling pressure at resistance zones. In other words, a synchronized rise in both spot demand and derivatives participation appears necessary to convert the intraday squeeze into a durable uptrend.
These dynamics echo broader market observations captured in prior coverage, where Bitcoin’s price action has frequently traded within defined liquidity pockets and moved on the basis of urgency in liquidating or covering positions rather than incremental long exposure. For context, recent reporting noted Bitcoin rebounding toward the $74.5K area as U.S. equities pressed toward fresh records, highlighting how macro-market momentum can shape crypto intraday volatility.
Trading patterns and the road ahead
Beyond the immediate price action, a pattern of intraday behavior around Thursdays has emerged among market watchers. Killa, a noted trader, pointed out that eight of the past 11 Thursdays showed more downside than upside, framing Thursday’s session as part of a recurring pattern that can present intraday opportunities even within a broader downtrend. Thursday’s near-2% decline from the daily open offered a reminder that seasonal and intraday dynamics can influence risk appetite on shorter timeframes.
Looking ahead, analysts stress that the current price region remains sensitive to liquidity shifts. The $76,000–$78,000 window remains a critical supply zone, while the $74,000 level appears to act as an equilibrium where bids and offers balance out. A meaningful move above the upper band will likely require a clear, corroborated uptick in spot buying alongside a shift in funding dynamics, signaling a commitment from both sides of the market to push through resistance levels.
Market readers should also monitor any shifts in funding rates, which can foreshadow changes in leverage and crowd sentiment. A positive flip, as seen in the latest session, often accompanies short-covering behavior and can precede renewed price momentum if spot demand follows suit.
For continued context and alternative viewpoints, market commentary from across crypto outlets has underscored similar themes—namely, that persistent demand lags in certain regimes and liquidity-driven moves can dominate short-term price action even when the longer-term trend remains uncertain.
Related coverage noted Bitcoin’s rebound near the $74.5K area as equities climbed, illustrating how cross-asset dynamics can shape crypto volatility in real time. Investors should weigh this context against their risk tolerance and horizon, especially given the ongoing tension between liquidity pockets and price discovery in a market still adapting to evolving macro conditions.
As the week progresses, traders will be watching whether spot volumes pick up in parallel with ongoing derivatives activity. A synchronized bid across both markets would be a more durable signal of renewed appetite to push Bitcoin toward the next major milestone, while persistent divergence could leave the price oscillating within the current band until new catalysts emerge.
Crypto World
Gate brings F1 Red Bull spectacle to Hong Kong waterfront for 13th anniversary
Gate is rolling an F1 Red Bull parade and “Racing the Future” exhibition through Hong Kong as part of its 13th‑anniversary push to fuse crypto branding with motorsport.
Summary
- Gate is staging an F1 Red Bull Racing parade around Victoria Harbour as part of a Hong Kong activation with the team.
- From April 18–24, the partners will host a “Racing the Future” exhibition at K11 MUSEA, showcasing the new 2026 Red Bull car, gear and interactive zones.
- A Blue Carpet ceremony and “Gate 13” anniversary gala at the Rosewood Hong Kong on April 20 will gather more than 300 industry guests and partners.
Gate is leaning on Formula 1 star power to anchor its 13th‑anniversary celebrations, rolling a branded Red Bull Racing parade car through Hong Kong’s Victoria Harbour district and wrapping it in a week‑long exhibition and gala. The company, an official sponsor and exclusive crypto‑exchange partner of Oracle Red Bull Racing, said the showcase is designed to bring “top‑tier racing culture into urban landmark scenes” while boosting its brand with local fans and global crypto users.
According to event materials, the F1 display car will follow a designated route around Victoria Harbour, giving spectators a close‑up view of the team’s 2026 machine as it passes through high‑traffic waterfront spots. Gate described the parade as a key offline moment in its cross‑industry tie‑up with Red Bull, positioned to “attract market and public attention” at a time when exchanges are fighting for mindshare in Asia’s post‑ETF bull market.
From April 18 to 24, Gate and Red Bull will host a “Racing the Future” outdoor exhibition at the K11 MUSEA promenade, where visitors can see the new 2026 Red Bull Racing car and core equipment, including race gear tied to drivers such as Max Verstappen and junior teammate Isack Hadjar. The event will feature a 13‑year “milestone wall” recounting Gate’s history, screenings of a new brand film and interactive zones that blend “top racing engineering and the aesthetics of speed.”
Organizers say the exhibition will be free but capacity‑controlled, with pre‑registration recommended for priority entry between 10 a.m. and 10 p.m. local time. One day of the run — April 20 — will be partially closed to the public to accommodate a private activation woven into Gate’s anniversary program.luma+1
That same day, the company will host its “Gate 13 Blue Carpet Ceremony,” formally unveiling the F1 display car and spotlighting its collaboration with Oracle Red Bull Racing and other lifestyle partners. In the evening, Gate will move the action indoors to the Rosewood Hong Kong for its “GATE GALA 13” anniversary dinner, where founder and CEO Dr. Han is scheduled to appear alongside more than 300 guests from leading institutions, partners and KOLs.
Gate’s Red Bull tie‑up dates back to a 2025 multi‑year sponsorship agreement that put its logo on the team’s cars, driver suits and pit equipment, replacing a prior $150 million deal with Bybit. The crypto exchange has since leaned heavily on the partnership in its marketing, echoing a wider trend of trading venues using elite sports sponsorships — from F1 to football — to rebuild trust and visibility after the last cycle’s blow‑ups.f1grandprix.
In previous crypto.news coverage, reporters have charted how exchanges from Binance to OKX and regional players have chased brand awareness through sports deals and experiential events, particularly in markets like Hong Kong that are racing to position themselves as regulated hubs for digital assets. Similar stories have highlighted how those efforts often converge around flagship weeks such as Paris Blockchain Week or Hong Kong’s FinTech Week, blending industry conferences with public‑facing stunts meant to pull crypto deeper into mainstream culture.
Crypto World
Zonda CEO Discloses Bitcoin Wallet Amid Withdrawal Concerns
Crypto exchange Zonda said a cold wallet holding around 4,500 Bitcoin is currently inaccessible as the platform faces concerns over delayed withdrawals.
Zonda CEO Przemysław Kral posted a video statement on Thursday disclosing the exchange’s wallet address, saying the private keys to the wallet were never handed over.
In the statement, Kral denied accusations of misappropriating funds, saying the private keys were intended to be handed over by Zonda founder and former CEO Sylwester Suszek, who has been missing since 2022.
“So for all those who claim that I had anything to do with Sylwester’s disappearance, this is the prime argument that I care the most about Sylwester being found,” Kral said.
The disclosure follows weeks of controversy around the exchange after local reports suggested a probe into Zonda by Polish authorities, followed by an analysis by blockchain platform Recoveris, which alleged Zonda could have been insolvent based on a sharp drop in the exchange’s hot wallet balances.
Last recorded transaction dates to November 2025
Kral’s public disclosure of the wallet marks the first time that Zonda has disclosed the address amid the controversy.
The address cited by the CEO holds 4,503 Bitcoin (BTC) currently worth about $334 million, with the last transaction recorded in November 2025 as of the time of publication.

The CEO previously denied insolvency claims following the hot wallet investigation by Recoveris on April 6, insisting that Zonda remained fully solvent with more than 4,500 BTC in holdings.
CEO plans legal action, says Zonda will meet customer obligations
In the video, Kral said that much of Zonda’s recent withdrawal pressure was driven by an abnormal spike in withdrawal requests, which he linked to negative media coverage.
He said Zonda normally processed around 100,000 withdrawal requests per year but saw more than 25,000 requests within hours and days around April 6.
Kral said the company plans to take legal action over what he described as false claims surrounding the exchange and promised to fulfill obligations to customers amid withdrawal concerns.

Polish lawmaker Tomasz Mentzen said on X that Zonda may have lost access to its cold wallet following the disappearance of former CEO Suszek. Kral did not explicitly say the funds were lost, but said the private keys to the wallet were never transferred during the company handover.
Suszek has reportedly been missing since March 2022, with reporting referencing alleged criminal ties among certain shareholders of Zonda, formerly BitBay.
Related: French minister says new measures are coming after crypto kidnappings
The exchange was founded in Poland in 2014 and rebranded as Zonda in 2021. Kral told Cointelegraph in February that the company registered in Estonia amid regulatory uncertainty in Poland, citing delays in implementing the European Union-wide Markets in Crypto-Assets (MiCA) regulation.
The issue has drawn the exchange into a broader political debate, adding pressure on regulators and increasing scrutiny of Poland’s crypto sector.
Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026
Crypto World
Two Long-Time Ethereum Foundation Contributors Announce Departures
Josh Stark, a member of the EF’s leadership team, and Trent Van Epps both separately announced this week that they are leaving the foundation after five years.
Josh Stark, a member of the management team at the Ethereum Foundation, announced on X today, April 16, that he will leave the foundation at the end of this month.
Stark’s announcement comes just a day after another EF contributor, Trent Van Epps, also revealed his departure, writing that he left the foundation last week.
Both Stark and Van Epps are leaving the Ethereum Foundation after five years, per their X posts. Stark, who is also the co-founder of Ethereum hackathon and event project ETHGlobal, did not give an explicit reason for the departure, noting in his post that he is not immediately moving to another project. Stark also had only positive remarks about the foundation and the broader Ethereum ecosystem, writing:
“Working for Ethereum at the Ethereum Foundation has been a great honour. I’m proud to have worked with great people inside and outside of the EF, and proud of what our community has accomplished together.”
Stark also expressed gratitude to other members of EF leadership, adding, “We share a vision and a set of values that mean I will always be your ally and your friend.”
Van Epps’ announcement was more laconic, but was also positive, stating:
“nothing but respect for the brilliant people i worked with over the last 5 years on network upgrades + funding efforts”
Van Epps added that he will continue his work with Protocol Guild, where he is a key member and organizer. Protocol Guild is an independent funding organization that supports 187 Ethereum core developers and researchers.
While not a direct comment on the reason for his departure, earlier this week, Van Epps expressed disdain for the Ethereum leadership’s association with controversial NFT collection Milady, describing it as “baffling and sad”.
EF Leadership Shakeups
The departures of Stark and Van Epps are the latest in a string of significant leadership shifts at the Ethereum Foundation that have unfolded over the past year or so.
The turbulence began amid mounting community frustration over ETH’s prolonged market underperformance, which fueled calls for sweeping changes at the top of the organization. In February 2025, long-serving Executive Director Aya Miyaguchi — who had held the role for seven years — stepped back to become President of the Foundation, with Hsiao-Wei Wang and Tomasz Stańczak appointed as co-executive directors in her place a month later.
The reshuffle was accompanied by a simplified new roadmap refocusing the EF’s priorities on scaling the Layer 1, increasing blob capacity, and improving user experience across the ecosystem.
Less than a year later, Stańczak, one of the two newly appointed co-executive directors, announced his own departure from the foundation, adding another layer of instability to an organization already navigating a difficult transition.
Last month, the foundation published its EF Mandate — a 38-page document described as part constitution, part manifesto — reaffirming its identity as a steward rather than a controller of Ethereum. The Mandate, and specifically subsequent rumors that EF employees were required to pledge their allegiance to it, kicked off a new wave of controversy for the org.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Crypto World
House Rejects Iran War Resolution 213-214
The House voted to reject a resolution Thursday directing President Trump to remove US armed forces from hostilities against Iran, 213 to 214, falling one vote short along almost entirely party lines.
Summary
- Rep. Gregory Meeks of New York proposed the resolution directing the president to end military action in Iran unless explicitly authorized by Congress; it failed 213–214 on Thursday, one day after the Senate voted 52–47 to reject a similar measure.
- Rep. Thomas Massie of Kentucky was the lone Republican to support the measure; Rep. Jared Golden of Maine was the sole Democrat to vote against it; Rep. Warren Davidson of Ohio voted “present” and three Republicans did not vote.
- Democrats described the effort as forcing Republicans on the record defending an unpopular war that has driven up gas prices and weighed on GOP approval ratings ahead of November’s midterms.
The Republican-controlled House voted 213–214 Thursday to reject a war powers resolution that would have directed President Trump to end US military involvement in Iran without explicit congressional authorization. The vote was nearly identical in partisan breakdown to the Senate’s 52–47 rejection of a similar measure the day before.
Rep. Gregory Meeks of New York proposed the measure, stating on the House floor: “Donald Trump has dragged the American people into a war of choice, launched without congressional authorization.”
Rep. Thomas Massie of Kentucky was the only Republican to vote in favor of the resolution, continuing a consistent position he has held on war powers across multiple votes this year. Rep. Jared Golden of Maine was the sole Democrat to vote against it.
Rep. Warren Davidson of Ohio, who had previously voted to end the Iran war in an earlier round, voted “present” on Thursday. Three Republicans did not cast a vote at all, which effectively tightened the margin and allowed the resolution to fail by a single vote rather than by the three-vote cushion their absences could have produced.
Why Democrats Kept Forcing the Vote
This was the latest in a series of Democratic war powers resolutions aimed not at passage but at putting Republicans on the record. Bloomberg described the 213-214 tally as “the latest attempt by Democrats to force Republicans to go on record defending the unpopular war,” which has become a persistent political liability for the GOP as 2026 midterms approach.
Gas prices have risen steadily since the war began, and the increasing cost of diesel and fertilizer has fed economic anxiety in districts that Republicans need to hold in November. Rising oil tied to the Strait of Hormuz blockade has elevated consumer prices and weighed on the president’s approval ratings on economic grounds.
The Constitutional Backdrop
Under the US Constitution, only Congress can formally declare war. Presidents retain limited unilateral military authority for immediate self-defense, but legal scholars have long argued that sustained offensive operations require legislative authorization. Democrats have repeatedly invoked the War Powers Resolution of 1973 to force procedural votes, with Republicans voting to sustain the president’s authority each time.
The Senate’s 52–47 vote on April 15 preceded Thursday’s House vote by roughly 24 hours, establishing the same party-line pattern in both chambers. No Republican senator broke ranks.
Market Implications
Financial markets have priced the Iran war as the central geopolitical risk factor of 2026, with oil, equities, and Bitcoin all tracking diplomatic and congressional signals closely. The resolution’s failure removes one potential de-escalation catalyst from this week’s news cycle, though the simultaneous announcement of an Israel-Lebanon ceasefire appears to have provided the larger market-moving signal Thursday afternoon.
Bitcoin jumped 5% to $74,400 on a previous Iran peace signal and has continued to treat any ceasefire-related development as a primary macro catalyst. The failed House resolution reinforces the reality that the Iran conflict has no near-term legislative off-ramp, keeping the diplomatic track via the US-Iran ceasefire framework and potential resumed Islamabad talks as the only active path toward de-escalation.
Crypto World
South Korea to Test Deposit Tokens for Government Spending
Nine major banks will participate in the pilot, which replaces government purchase cards with programmable blockchain-based payments starting in Q4.
South Korea’s Ministry of Economy and Finance will pilot blockchain-based deposit tokens for executing government operational expenses, marking a significant expansion of the country’s digital currency infrastructure into day-to-day public spending.
The ministry announced today that the project was selected as a 2026 regulatory sandbox initiative overseen by the Office for Government Policy Coordination. The pilot targets a full launch in Q4 2026, beginning in the administrative capital of Sejong City.
Under South Korea’s National Treasury Management Act, government operational expenses, such as business promotion costs, must currently be processed through government-issued purchase cards. Transactions made during restricted periods, such as late nights or weekends, require additional post-use justification, creating administrative friction.
The sandbox designation temporarily exempts the pilot from those card-based requirements, allowing deposit tokens to serve as the payment instrument instead. The programmable nature of the tokens enables authorities to preset conditions on spending, including allowable time windows and merchant categories, replacing the current review model with automated, rules-based controls.
Officials said the shift could also reduce transaction fees for small business owners by removing intermediaries from the payment settlement process.
Nine major Korean banks are participating in the experiment, including KB Kookmin, Shinhan, Woori, and Hana. Unlike stablecoins, deposit tokens remain liabilities of the issuing commercial banks and operate within the existing financial system.
The project is the second deposit token-based treasury payment initiative in South Korea, following a March pilot led by the Ministry of Climate, Energy and Environment and the Bank of Korea that used tokenized deposits to distribute 30 billion won ($21.4 million) in subsidies for electric vehicle charging infrastructure.
The move comes as South Korea’s broader digital asset policy has shifted toward a more permissive stance following the election of President Lee Jae Myung, who campaigned on promises to approve spot crypto ETFs and cut exchange fees. Meanwhile, in the private sector, Crypto.com recently partnered with Korea’s largest payment processor, KG Inicis, to enable crypto payments for foreign tourists in the country.
The MOEF said it plans to expand the program’s scope based on operational results and pursue related legal and institutional reforms in parallel.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Crypto World
Bitcoin Jumps On $283M Liquidation But Spot Demand Falters
Bitcoin (BTC) traded between $75,000 and $73,000 over a three-hour period during the New York market open on Thursday, and the abrupt downside move liquidated $283 million in futures positions. The resulting short squeeze pushed BTC back toward $75,000, but sustaining the rebound will require steady buying volume in the spot market.
BTC rebounds amid slower spot demand
A sharp move lower to $73,200 from $75,400 triggered a wave of long liquidations across the futures markets, totaling to $166 million, according to market commentator CryptoReviewing.

The price then reversed quickly, pushing back toward $75,000 and liquidating roughly $117 million in short positions, highlighting a rapid two-sided squeeze within the same trading window.
The move tracked closely with liquidation spikes, which forced closures of short positions. The funding rates turned positive to +0.0005 shortly after the bounce, signaling that bearish positioning had built up before unwinding.

This indicates that upside momentum came from shorts covering rather than new long exposure. The rally cleared nearby liquidity pockets and pushed the price back toward the session’s mid-range.
The spot cumulative volume delta (CVD), which tracks net buying and selling in spot markets, continued to trend lower during the recovery. The divergence points to weaker spot participation even as Bitcoin holds above $74,000.
For a move above the $76,000 range highs, spot demand needs to strengthen alongside derivatives activity, aligning both sides of the market behind the price.
Related: Bitcoin rebounds near $74.5K as US stocks chase after new all-time highs
Bitcoin’s liquidity map defines key inflection points
Bitcoin continues to move between defined liquidity clusters, with the price gravitating around key levels. According to analyst KriptoHolder, the $76,000–$78,000 range contains a concentrated supply zone with $2.81 billion in short-leveraged liquidity, while $74,000 serves as an equilibrium area.
Long-leveraged liquidity of $2.5 billion is below $72,000, forming a potential price magnet if the upper levels fail to clear.

Meanwhile, the short-term trader behavior also reflects recurring intraday patterns. Bitcoin trader Killa noted that eight of the past 11 Thursdays recorded more downside than upside. Thursday’s session has already seen a near 2% decline from the daily open, offering intraday opportunities within that pattern.

Related: Bitcoin bull run ‘still too early’ to call as demand lags exiting capital: Analyst
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.
-
Politics6 days agoUS brings back mandatory military draft registration
-
Sports6 days agoMan United discover Nico Schlotterbeck transfer fee as defender reaches Dortmund agreement
-
Fashion6 days agoWeekend Open Thread: Veronica Beard
-
Politics7 days agoMalcolm In The Middle OG Turned Down ‘Buckets Of Money’ To Appear In Reboot
-
Politics4 days agoWorld Cup exit makes Italy enter crisis mode
-
Business6 days agoTesla Model Y Tops China Auto Sales in March 2026 With 39,827 Registrations, Beating Cheaper EVs and Gas Cars
-
Crypto World3 days agoThe SEC Conditionalises DeFi Platforms to Be Avoided for Broker Registration
-
Crypto World3 days agoSEC Signals Exemption for Crypto Interfaces From Broker Registration
-
News Videos2 days agoSecure crypto trading starts with an FIU-registered
-
NewsBeat4 days agoPep Guardiola and Gary Neville agree over Arsenal title problem that benefits Man City
-
Business5 days agoIreland Fuel Protests Enter Day 5 as Blockades Spark Shortages and Government Prepares Support Package
-
Business7 days agoOpenAI Halts Stargate UK Data Centre Project Over Energy Costs and Copyright Row
-
Crypto World6 days agoFederal judge blocks Arizona from bringing criminal charges against Kalshi
-
Politics7 days agoLBC Presenter Mocks Trump Over Iran War Failures
-
NewsBeat3 days agoTrump and Pope Leo: Behind their disagreement over Iran war
-
Crypto World3 days agoSEC Proposes Certain Crypto Interfaces Don’t Need to Register as Brokers
-
NewsBeat5 days agoJD Vance announces ‘no agreement’ with Iran over nuclear weapons fear
-
Business6 days agoIMF retains floor for precautionary balances at SDR 20 billion
-
Business6 days agoFormer Liverpool CEO eviscerates FIFA for World Cup ticket pricing
-
Crypto World4 days agoSei Network Enters Quiet Reset Phase as On-Chain Metrics Signal a Slowdown in 2026



You must be logged in to post a comment Login