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Institutional money is coming for bitcoin, but Adam Back says it moves slower than you think

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Bitcoin's quantum debate splits as Adam Back pushes optional upgrades over forced freeze

The arrival of Morgan Stanley at the U.S. spot bitcoin ETF party earlier this month was characterized by some observers as the catalyst that will end the current crypto bear market thanks to the massive distribution power of the Wall Street wirehouse’s $8 trillion advisory network.

Not so fast, said Blockstream CEO Adam Back, an early contributor to the Bitcoin community and recently tipped by the New York Times to be the cryptocurrency’s pseudonymous creator, Satoshi Nakamoto, an assertion he denies.

The bitcoin ETFs could be the single most important development of recent times when it comes to positive market signals, more so even than a pro-crypto U.S. administration, Back said, but it takes longer than most people realize. It won’t be immediate.

“I think what people may have miscalculated is that institutional adoption is very slow,” said Back in an interview with Coindesk. “So the ETFs got bought, but when BlackRock is saying they recommend 2% to 4% allocation in their general stock portfolio, the fund managers haven’t done that yet. And they will, but it’s slower than people anticipate.”

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Investors don’t just pile in overnight, he said. A build-up could take a year, even 18 months.

“Some of that stuff is just starting to happen, and it will happen slowly. So I think there’s a tailwind.”

Founded in 2014 by Back and other prominent Bitcoin developers, Blockstream offers retail and institutional clients self-custody wallets, layer-2 network settlement and asset issuance. Back is also the CEO and co-founder of BSTR, a bitcoin treasury company looking to go public via a SPAC merger with Cantor Equity Partners (CEPO).

The Trump effect

While ETFs may trump the government for boosting the industry, there’s still a regulatory influence. Consider President Donald Trump’s crypto-friendly term and compare it with the previous administration’s Security and Exchange Commission (SEC) and Chair Gary Gensler’s assault on the industry.

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Instead, the U.S. now has a presidency that not only introduced a new legislative framework for crypto, but even launched its own token shop.

“They’ve definitely improved the open-for-business framework in the U.S., which has indirectly encouraged other jurisdictions to do likewise,” said Back, who lives in Malta. “So the U.K.’s FCA [Financial Conduct Authority] finally approved ETFs for retirement accounts and things. And I think maybe one or two other countries. They look at each other.”

While Donald Trump’s America may be open for crypto business, the now-established bitcoin TFs have the power to transcend administrations, whether Republican or Democrat, Back pointed out.

“One of the reasons to suppose the ‘open for business’ is going to stay, even as you get new administrations, is that now Black Rock and the other ETF providers are going to defend their business,” he said.

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“They’re going to apply a banking lobby to say they make a lot of money from the bitcoin ETF. We don’t want you to interfere with it. And so I think that now bitcoin has new allies in Black Rock, Morgan Stanley and Fidelity and all these guys.”

Four-year cycle

Another pricing factor to consider is bitcoin’s cyclical nature, a historical pattern driven by the quadrennial halving event, which cuts the supply of new tokens by 50%. The reduction often leads to a relatively consistent bull run followed by a bear market/recovery period.

Even if the four-year cycle is breaking, as some commentators believe, there’s still the reasonable possibility of a price slide happening simply because “people expected it to happen. So they sold and they made it happen,” Back said.

That logic is likely to change only when people see strength in the market, he said. That’s now coming in the form of institutional flows, such as the ETFs, sovereign and sovereign wealth fund investments, and investors buying bitcoin directly or shares in bitcoin treasury companies such as Strategy (MSTR), formerly called MicroStrategy.

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“They are growing their ability to buy bitcoin in different market conditions,” Back said. “MicroStrategy, particularly, has been having an accelerated success with their Stretch kind of fixed-income product. So they’ve been able to use that to buy a lot of bitcoin, and it’s escalated even in the last few weeks. So those recurring buyers plus new institutional and wealth management buyers will eventually overwhelm the sellers.”

Strategy’s Stretch (STRC) is a perpetual preferred stock designed as a high-yield, bitcoin-backed income instrument.

Quantum-tative

As well as fielding inquiries about his identity, Back has also been answering a volley of claims about quantum-computing hardware progressing faster than expected and its power to break Bitcoin’s cryptography.

“People are trying to say it’s a factor,” Back said of quantum technology’s effect on the price of bitcoin. “But I think there’s a lot of information asymmetry in these markets, meaning that things which you think are perfectly clear are confusing to some other people, and their uncertainty impacts their decisions.”

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That said, the recent round of quantum doomsaying may have institutions paying a bit of attention, Back conceded.

“Institutions are more systematic about risk,” he said. “So if there’s a tail risk, even a small one, they want to know that it’s covered. For retail investors, it sounds like something in the distant future that perhaps they’re not really worried about. But institutions will think a decade ahead and ask, ‘Is this 1% risk? Is there an answer to it?’ They’ll check stuff like that.”

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Bitwise CIO Reveals the Hidden Force Behind Bitcoin’s 20% Rebound

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Bitwise CIO Reveals the Hidden Force Behind Bitcoin’s 20% Rebound

Bitcoin (BTC) has remained relatively resilient amid ongoing geopolitical tensions, with its price broadly trending higher since late February.

According to Bitwise CIO Matt Hougan, MicroStrategy has emerged as a standout contributor to the recent rally due to its continued large-scale Bitcoin purchases.

MicroStrategy’s STRC Shares Are the Real Engine Behind Bitcoin’s Rally 

In a memo published Tuesday, Hougan acknowledged that several forces have contributed to Bitcoin’s recent climb. He pointed to strong ETF inflows of $3.8 billion since March 1 and a wave of fresh accumulation from long-term holders. 

Still, he argued that Strategy has “been the single biggest factor.” The firm snapped up $7.2 billion in Bitcoin over the last eight weeks.

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“Bitcoin is up roughly 20% from its February lows, trading around $76,000. Everyone is wondering if the rally can continue. To a large degree, the answer lies with Strategy,” the executive wrote

The firm now holds 818,334 BTC, sitting 181,666 coins short of 1 million. Galaxy Research head Alex Thorn projects that MicroStrategy could overtake Satoshi Nakamoto’s estimated 1.1 million BTC stash within two years if the current pace continues.

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Why Bitwise CIO Thinks Strategy’s STRC Buying Is Far From Over 

Hougan pointed out that MicroStrategy has bankrolled this buying spree by selling STRC. BeInCrypto also highlighted in a recent report that, so far in 2026, Strategy’s STRC has financed 10x more BTC buying than the entire US spot ETF market combined.

Hougan expects Strategy to keep leaning on STRC as a funding vehicle. He argued that STRC’s 11.5% payout looks compelling in a market where junk bonds offer under 7%, and capital is rotating out of private credit. With a Bitcoin cushion exceeding $40 billion, he sees plenty of appetite for more.

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“The number I’d watch is Strategy’s total obligations (debt + preferred equity) as a percentage of its bitcoin holdings. Today, that sits at 33%: $21 billion in obligations against $63 billion in bitcoin. If that number pushes toward 50%, I think investors will start asking questions. But at today’s bitcoin prices, that still gives room for another $10-$15 billion in STRC issuance. And more if bitcoin rallies,” Hougan added. “I don’t think we’re done STRC-ing at all.”

That said, STRC hasn’t escaped scrutiny. Economist Peter Schiff has been among the critics, warning that Strategy’s Bitcoin-backed yield model is on a path toward a death spiral.

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The post Bitwise CIO Reveals the Hidden Force Behind Bitcoin’s 20% Rebound appeared first on BeInCrypto.

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Google signs Pentagon contract to deploy AI on classified networks

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Playnance introduces G Coin as token economy for its blockchain gaming ecosystem

Google has entered into an agreement with the U.S. Department of Defense to provide its artificial intelligence models for use on classified systems.

Summary

  • Google signed a Pentagon deal to deploy AI models on classified networks for “any lawful government purpose,” joining OpenAI and xAI in defense contracts.
  • The agreement includes limits against domestic surveillance and autonomous weapons without human oversight, but gives the Pentagon final authority over operational use.
  • Tensions persist as Anthropic resists loosening safeguards; despite being labeled a supply-chain risk, its advanced AI tools are still being used by agencies like the NSA.

According to The Information, citing a person familiar with the matter, the Pentagon can deploy Google’s AI tools for “any lawful government purpose” under the terms of the deal. The arrangement places Google alongside OpenAI and xAI, both of which have also secured contracts to supply AI models for classified use.

Such classified networks support highly sensitive operations, including mission planning and weapons targeting, where access to advanced AI systems is increasingly seen as critical.

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The agreement is part of a wider push by the Pentagon, which in 2025 signed contracts worth up to $200 million each with leading AI developers, including Anthropic, OpenAI, and Google. Earlier reporting from Reuters indicated that defense officials had been urging AI firms to make their systems available on classified networks without the usual user-facing restrictions.

AI safeguards and usage restrictions

As part of the contract, Google is expected to assist in modifying its AI safety filters at the government’s request, the report said.

The agreement includes explicit safeguards stating that “the AI System is not intended for, and should not be used for, domestic mass surveillance or autonomous weapons (including target selection) without appropriate human oversight and control.”

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At the same time, the terms clarify that Google does not have the authority to “control or veto lawful government operational decision-making,” leaving final use decisions in the hands of defense officials.

Google said it continues to support government agencies across both classified and unclassified work. A company spokesperson added that it remains aligned with the view that AI should not be used for domestic mass surveillance or autonomous weapons without human oversight.

Friction over AI usage boundaries

The Pentagon has maintained that it does not intend to deploy AI for mass surveillance of Americans or for fully autonomous weapons, while still insisting that “any lawful use” of AI should remain available to the government.

That position has created friction with some AI providers, most notably Anthropic. The company resisted earlier Pentagon demands to remove safeguards from its Claude models that restrict use in autonomous weapons and domestic surveillance.

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The dispute escalated to the point where the Defense Department labeled Anthropic a “supply chain risk,” even as interest in its technology persisted within government agencies.

Additional reporting suggests that internal demand has complicated the Pentagon’s stance. The National Security Agency has reportedly secured access to Anthropic’s advanced “Mythos Preview” model despite the designation. The model, known for its strong cyber capabilities, is being used by select organizations to identify vulnerabilities in digital systems.

The situation has led to a broader standoff between AI developers and defense officials over how far usage rights should extend, especially around the scope of “all lawful purposes” and the limits of safety guardrails in military environments.

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CFTC Sues Wisconsin Over Prediction Market Jurisdiction

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CFTC Sues Wisconsin Over Prediction Market Jurisdiction

The US Commodity Futures Trading Commission on Tuesday sued the state of Wisconsin in the agency’s latest effort to assert jurisdiction over prediction markets after the state sued multiple platforms.

The CFTC said in a statement that it filed the lawsuit against Wisconsin “in response to the state’s lawsuits against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase, five CFTC-regulated prediction markets.”

“States cannot circumvent the clear directive of Congress,” CFTC Chairman Michael Selig said. “Our message to Wisconsin is the same as to New York, Arizona, and others: if you interfere with the operation of federal law in regulating financial markets, we will sue you.”

It is the agency’s fifth lawsuit against a US state that seeks to halt action against prediction markets. The CFTC sued New York on Friday and filed lawsuits against Arizona, Connecticut, and Illinois earlier this month after the states sued prediction market platforms.

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Michael Selig speaking on stage at Bitcoin 2026 in Las Vegas on Monday. Source: YouTube

Wisconsin sued the five companies on Thursday, and like many US state authorities, argued that prediction markets offering sports-related event contracts are illegal betting that requires state gaming licenses.

It is an assertion the platforms and the CFTC have rebuffed in the past, arguing the contracts are regulated only under federal law.

The CFTC argued in its latest complaint, filed alongside the Justice Department’s Civil Division in a Wisconsin federal court, that it has “exclusive jurisdiction” over the event contracts on prediction markets, regulated as designated contract markets under federal law.

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Related: With no bipartisan leadership, CFTC won’t ‘slow down‘ on rulemaking

“Wisconsin’s attempt to criminalize and shut down federally regulated markets intrudes on the exclusive federal scheme Congress designed to oversee national swaps markets,” the CFTC wrote in its complaint.

The agency asked the court to rule that state gambling laws do not apply to CFTC-regulated designated contract markets and issue a permanent injunction prohibiting Wisconsin from taking action against prediction markets.

The CFTC’s complaint also named Wisconsin Governor Anthony Evers, Wisconsin Attorney General Josh Kaul and the Wisconsin Gaming Division and its administrator, John Dillett.

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The Wisconsin Department of Justice, the state’s Division of Gaming and Governor Evers’ office were contacted for comment.

Magazine: How to fix suspected insider trading on Polymarket and Kalshi

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Will Solana price rebound as it breaks multi-year bearish channel?

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Solana price has broken out of a descending parallel channel pattern on the daily chart.

Solana price has been consolidating within the $75-$100 range since early February this year. Now, a confirmed breakout from a descending parallel channel puts the asset in a position to challenge higher resistance levels after months of sideways movement.

Summary

  • Solana price fell nearly 8% from $90.3 to $83 amid profit taking and macro uncertainty, down about 33% year-to-date despite holding a $75–$100 range since February.
  • A breakout from a multi-year descending parallel channel signals a potential trend shift, with upside targets projected near $155.
  • Short-term indicators remain cautious, with a bearish MACD crossover and red supertrend, while an $8M institutional-backed share sale supports the bullish outlook.

After climbing to a month high of $90.3 on April 17, Solana (SOL) price fell nearly 8% to $83 amid profit taking by investors and a broader rotation away from risk assets amid concerns over stalled U.S.-Iran peace negotiations and rising oil prices. The 7th largest token has fallen nearly 33% so far since the beginning of this year. 

Despite this significant drop, its charts have now flashed a bullish signal for the medium term. 

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On the daily chart, Solana price has broken out of a multi-year descending parallel channel from mid-September last year. A breakout from such a pattern has historically led to a shift in market sentiment from bears back to bulls. 

Solana price has broken out of a descending parallel channel pattern on the daily chart.
Solana price has broken out of a descending parallel channel pattern on the daily chart — April 28 | Source: crypto.news

In Solana’s case, the breakout positions Solana for a steady upside in the coming weeks with a potential rally to as high as $155, a level calculated by adding the height of the channel to the point of breakout.

However, other technical indicators suggest some caution ahead of the next leg higher. Notably, the supertrend has flipped red, which means the immediate short-term trend remains under selling pressure.

At the same time, the MACD lines have formed a bearish crossover, which has often been the precursor to further consolidation before a sustained move upward.

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Meanwhile, a major bullish catalyst for the ecosystem is that Solana Company recently raised $8 million through a share sale to global institutional investors like Mirae Asset and HashKey Capital.

The development allows the digital asset treasury to significantly expand its holdings by purchasing additional SOL tokens directly from the market, providing a solid foundation of institutional demand.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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64% of big private firms see strong AI returns: Deloitte Private Survey

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Samsung stock rises as AI chip boom drives sharp profit growth

Private companies are gradually moving past the early stages of experimenting with artificial intelligence, with many larger firms now beginning to report measurable returns from their investments.

Summary

  • 64% of private firms with $500M+ revenue report moderate to strong AI ROI, compared with 11% of smaller firms.
  • 52% of leaders rank expanding AI use as a top priority, while 63% are actively investing beyond pilot stages.
  • Data quality (72%), talent gaps (53%), and scaling challenges (48%) remain key barriers despite rising adoption.

According to a new survey by Deloitte, nearly two-thirds (64%) of private companies with an annual revenue of $500 million or more have achieved moderate to significant return on investment (ROI) from AI initiatives. This marks a sharp contrast from smaller firms, where only 11% reported such levels of returns.

The findings also bring to light a broader shift in how private companies are now approaching AI. More than half (52%) of the business leaders surveyed said that expanding AI use across their organizations is now a top-three priority for the next 12 months, a figure that has gone up significantly from 22% a year earlier.

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At the same time, 63% of respondents said their organizations are actively investing in digital transformation initiatives, including AI, compared with 33% that remain in limited or pilot stages.

Scaling efforts and key challenges

Larger firms have been leading the charge in deployment. About 74% of higher revenue companies reportedly said they are expanding AI across select functions, compared with 38% of smaller firms.

The main business priorities driving this push are revenue growth at 71% and improved productivity at 62% as companies look to automate complex workflows.

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Funding for these initiatives is largely coming from internal sources. Half of those surveyed said budget reprioritization will be their primary funding method, followed by existing operating capital at 43%.

Despite the progress, significant roadblocks still hinder full-scale implementation. Data quality and availability were cited as the biggest challenges by 72% of respondents. Other issues include gaps in AI skills and leadership (53%), integration with legacy systems (48%), and difficulty scaling projects beyond the pilot stage (48%).

The survey also found uneven oversight at the board level. While boards are generally active in areas such as technology investment and cybersecurity, fewer respondents said they are proactive in monitoring the ethical use of AI or leadership readiness for digital transformation.

The findings are based on a March 2026 survey of 100 U.S. private company leaders, including senior executives and board members.

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Fidelity Flags 516% Solana Rebound Signal With One Major Caveat

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Solana Net Unrealized Profit/Loss (NUPL) Metric

Solana (SOL) has fallen about 71% from its 2025 all-time high. Amid this price decline, holders are sitting on significant unrealized losses, according to Fidelity Digital Assets’ Q2 2026 Signals Report. 

The downturn is reflected in the Net Unrealized Profit/Loss (NUPL) metric, which has dropped to -0.67. The level has been associated with a 516% median one-year return, though Fidelity cautioned that the pattern may not repeat.

Fidelity Flags Bullish Solana Setup, Warns Pattern May Not Repeat

In Q1 2026, Solana’s NUPL score collapsed 148%, falling from -0.27 to -0.67 as the price dropped 33%. The reading sits deep in what Fidelity describes as the “Capitulation” zone.

“There are tentative signs of stabilization. The NUPL score has rebounded 29% from its early February bottom of -0.94, which may have marked a capitulation point for investors unwilling to absorb increasing losses. However, downside risk remains, and the formation of a new bottom cannot be ruled out,” the report read.

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Solana Net Unrealized Profit/Loss (NUPL) Metric
Solana Net Unrealized Profit/Loss (NUPL) Metric. Source: Fidelity

The firm highlighted that periods when SOL’s NUPL traded near -0.67 have aligned with a median one-year return of 516%. The three-year compound annual growth rate at that level was 62%.

However, Fidelity cautioned that the forward-return data is based on only 10 historical observations for the one-year window and 6 for the three-year window. This highlights both Solana’s relatively short track record and the “extreme nature of this metric’s current value.”

The report also found that the correlation between current NUPL levels and future returns remains weak. Specifically, the relationship with one-year forward returns is zero, while the three-year correlation is -0.16, indicating a weak inverse relationship over longer periods.

This limited and inconsistent relationship aligns with Fidelity’s broader view that lower NUPL levels are “generally more positive.” Still, the firm emphasized that past patterns may not hold going forward.

“Importantly, the historical relationship between SOL’s NUPL score and forward returns may not persist,” Fidelity said.

Solana Network Activity Tells a Different Story

Despite the price weakness, Solana network usage has accelerated. Monthly active addresses rose 50% in Q1 2026, and new addresses jumped 35%. 

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“Solana usage has surged even amidst the downturn in asset price. This showcases Solana as a growing financial ecosystem with users transacting at an elevated rate even when volatility is high,” the report added.

Stablecoin activity also held up. The 30-day average transfer value climbed roughly 8% to $7.2 billion across the quarter.

Fidelity reads the divergence as evidence of “a strong and less cyclical user base,” suggesting Solana may be transitioning away from its meme coin-driven identity toward “more mainstream, sustainable financial activity.”

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The post Fidelity Flags 516% Solana Rebound Signal With One Major Caveat appeared first on BeInCrypto.

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Why XRP might be the next big winner after Bitcoin’s $21 billion ETF inflows

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Wall Street is watching: Why XRP might be the next big winner after Bitcoin’s $21 billion ETF inflows - 3

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

XRP gains institutional attention as ETF inflows and market demand reshape crypto investment strategies.

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Summary

  • XRP Power gains attention as investors seek stable crypto returns backed by green energy and compliance-focused design.
  • Rising XRP interest and Bitcoin ETF inflows push platforms like XRP Power into focus for diversified crypto income.
  • The platform combines green energy infrastructure, audits, and compliance frameworks to support stable return strategies.

Amidst Wall Street’s continued increase in crypto asset allocation, Bitcoin ETF inflows have surpassed $21 billion, signifying an unprecedented influx of mainstream capital into this market. 

However, what truly ignites a new wave of market imagination is not just Bitcoin itself, but the long-undervalued XRP. With a gradually clear regulatory environment, surging demand for cross-border payments, and growing institutional interest, XRP is transitioning from a “fringe asset” to a potential core allocation target.

Wall Street is watching: Why XRP might be the next big winner after Bitcoin’s $21 billion ETF inflows - 3

In this trend, more and more investors are seeking strategies that can capture market growth while also providing risk hedging capabilities. For example, digital asset service platforms like XRP Power are offering users relatively stable participation paths through diversified product design and profit mechanisms, allowing them to achieve stable returns even in a volatile market environment. 

This combination of “growth + stability” may be the key to the next stage of competition in the crypto market.

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Why choose XRP power for stable returns?

Regarding return sources, XRP Power utilizes a recycling mechanism based on green energy infrastructure (such as wind and hydropower) to provide continuous power support for system operation, thereby enhancing overall stability and efficiency. This model, combining physical energy and digital assets, helps enhance the sustainability and resilience of returns in volatile market environments.

In terms of security and compliance, XRP Power is headquartered in the UK and operates within a framework that references the EU’s MiCA (Crypto-Asset Market Regulation) and MiFID II (Markets in Financial Instruments Directive II), striving to align with international standards in transparency and investor protection. Furthermore, the platform incorporates a third-party guarantee mechanism; user assets are insured by Lloyd’s of London and undergo regular independent audits by PwC to enhance asset security and operational transparency.

Through this multi-layered structure of “underlying asset support + compliance framework + third-party audits,” the platform aims to build a relatively robust and sustainable return environment for users.

How to join XRP Power and start earning

1. Register an Account and Receive a New User Bonus

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Quickly register an account using an email address. New users receive a $21 bonus upon registration as initial trial funds.

2. Choose a Suitable Earnings Plan

The platform offers various earnings contracts ranging from $100 to $100,000. Different contracts correspond to different earnings structures and periods, allowing users to flexibly choose according to their capital and risk tolerance.

3. Pay and Activate the Contract

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Payment is supported through various mainstream digital assets, including USDT, USDC, Bitcoin, Ethereum, and XRP. The process is convenient, and funds arrive quickly.

4. Contract Activation and Earnings

After contract activation, the system will begin calculating earnings based on the selected plan and settle daily. Earnings will be automatically credited to your account balance. Users can choose to withdraw at any time or reinvest to increase potential earnings.

5. Popular Profit Contracts

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Investment Amount: $1000 Investment Period: 7 days Daily Yield: $13.20 Total Profit: $92.40

Investment Amount: $5000 Investment Period: 15 days Daily Yield: $70.50 Total Profit: $1057.50

Investment Amount: $10000 Investment Period: 20 days Daily Yield: $153 Total Profit: $3060

Click to view daily profit details for different contracts.

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6. The platform also offers user referral and team incentive programs to further enhance the diversity of profit opportunities. Users can earn long-term profit-sharing rewards by inviting friends to join the platform: enjoying a multi-tiered incentive structure of up to 3% + 2%, with increased potential profits from more referrals.

When a team reaches a certain size (e.g., more than 10 active members), users can unlock an additional monthly team reward mechanism, receiving more incentives based on the team’s overall performance.

This mechanism aims to encourage users to achieve both personal gains and team growth through sharing and collaboration, while simultaneously building a more active community ecosystem.

Summary

Since its launch in 2023, the XRP Power platform has expanded its business to 189 countries and regions worldwide, serving a continuously growing user base and gradually establishing its influence in the digital asset yield management field. The platform focuses on “user asset security and yield experience,” continuously improving its overall service capabilities through technological and mechanism optimization.

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In terms of architectural design, XRP Power incorporates decentralized technology, ensuring key data is recorded on-chain and publicly verifiable, enhancing transparency and verifiability, allowing users to more clearly understand asset operations and yield sources.

Regarding the yield model, the platform strives to maintain relatively stable yield performance in different market environments through diversified strategies and risk mitigation mechanisms. Even in situations of increased market volatility, it is committed to providing users with continuous yield opportunities, rather than solely relying on market upturns.

For more details, please visit the official website.

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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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What Crypto Whales Are Buying Ahead of the April FOMC Meeting

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XCN Supply

The April 29 FOMC decision lands with a 99% probability of a rate hold, but on-chain data shows crypto whales are not waiting for Powell’s tone to start positioning.

BeInCrypto analysts have identified three tokens seeing decisive whale accumulation in the hours before the meeting, each driven by a distinct logic. One rides a fresh exchange listing into pre-FOMC liquidity flows. Another tracks a steady inverse pattern toward a 17% breakout. The third is being absorbed quietly through a supply-shock window.

Onyxcoin (XCN)

Onyxcoin (XCN) trades at $0.0058, up 3.15% on the session, after a 64% spike to $0.0086 on April 27 following Upbit’s listing announcement. The South Korean exchange opened KRW and USDT pairs at 07:00 UTC, sending daily volume up 629% to $37 million.

Whale activity tells the more interesting story for the FOMC angle. Crypto whale wallets distributed aggressively into the listing rally, with Santiment’s supply-held-by-whales metric falling between April 26 and April 28.

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XCN Supply
XCN Whale Supply: Santiment

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That distribution has now reversed. Whale accumulation has lifted the metric back to 62.15 billion XCN in the hours before the April 29 FOMC decision, recovering nearly 1.9 billion tokens. The timing matters because the broader crypto market is up at press time as traders rotate out of the S&P 500 ahead of Powell’s press conference. Whales appear to be positioning XCN as a beneficiary of pre-FOMC liquidity flowing into altcoins.

The chart confirms the bullish read. Between October 8 and April 28, the daily Relative Strength Index (RSI), a momentum indicator that measures price strength on a 0-100 scale, printed a higher low while price printed a lower low. That bullish divergence is the technical foundation whales appear to be banking on.

Onyxcoin Price Analysis
Onyxcoin Price Analysis: TradingView

The level math is tight. XCN needs a daily close above $0.0060, the 0.618 Fibonacci level, to confirm the breakout and target the $0.0086 listing peak. A close above $0.0086 reopens the $0.0129 resistance from January. However, a drop below $0.0053 invalidates the divergence and exposes $0.0045.

Chainlink (LINK)

Chainlink (LINK) trades at $9.30, sitting just below a key technical level at $9.39 ahead of the April 29 FOMC decision. The setup carries the steadiest whale accumulation signal among crypto whale picks for the meeting.

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Santiment data shows LINK whale wallets, excluding exchange addresses, have lifted their balance from 663.21 million LINK on April 23 to 667.84 million LINK on April 29. That is roughly 4.6 million LINK accumulated over six days, worth approximately $42.7 million at current prices. The accumulation has tracked steadily upward without the immediate distribution-and-rebuy pattern seen in faster-moving names.

Whale Supply
Whale Supply: Santiment

Steady big money accumulation during a macro de-risking window typically reflects conviction rather than reaction, and LINK’s flow profile fits that pattern.

The chart confirms what whales are positioning for. LINK has carved out an inverse head and shoulders pattern, a bullish reversal structure. The head sits at $8.19, and the right shoulder formed near $8.99.

Chainlink Price Analysis
Chainlink Price Analysis: TradingView

A daily close above $9.39 targets $10.02, a neckline-adjacent level that also aligns with the 0.618 Fibonacci zone. A clean break of $10.02 unlocks a 17% measured move toward $11.69. However, a failure at $9.39 and a drop below $8.99 weakens the structure, and a close under $8.19 invalidates the pattern entirely.

Ethereum (ETH)

Ethereum (ETH) trades at $2,309, holding above the 20-day Exponential Moving Average (EMA), an indicator that weights recent prices more heavily to track short-term trend changes, at $2,294. The position above the 20-day EMA gives the bullish setup its first technical foothold.

The crypto whale story here is the steadiest of the three. Santiment data shows ETH supply held by whale wallets, excluding exchange addresses, has lifted from 123.35 million ETH on April 19 to 124.43 million ETH on April 29. That marks roughly 1.08 million ETH accumulated over 10 days, worth approximately $2.49 billion at current prices.

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Big money supply for ETH
ETH Big Money Supply: Santiment

The economic logic separates ETH from the FOMC-rotation trade. Whales are not buying ETH for a rate cut, since CME FedWatch shows zero probability of one. Instead, the accumulation aligns with structural on-chain demand. ETH exchange reserves have hit their lowest level since 2016 with 331,000 tokens withdrawn since April 19, and corporate treasuries like BitMine added 101,901 ETH last week worth roughly $233 million.

Whales appear to be using the pre-FOMC consolidation as a discount window before the supply shock thesis becomes priced in. The cumulative drawdown of liquid ETH supply is the catalyst, not Powell’s tone.

The chart confirms the patient setup. ETH has consolidated between $2,250 and $2,377 since mid-April, a tight 5% range that whales have used to absorb supply without lifting price.

Ethereum Price Analysis
Ethereum Price Analysis: TradingView

A daily close above $2,349, the 100-day EMA, and then $2,377 unlocks an 11.92% measured move toward $2,583. Below the range, $2,294 (20-day EMA) and $2,245 (50-day EMA) are the first defenses. Therefore, a break below $2,250 invalidates the structure and exposes $1,936.90.

The post What Crypto Whales Are Buying Ahead of the April FOMC Meeting appeared first on BeInCrypto.

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Canada proposes ban on BTC ATMs as fraud cases mount

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Canada proposes ban on BTC ATMs as fraud cases mount

Canada is proposing to ban crypto ATMs as part of a broader crackdown on fraud and money laundering, citing growing evidence that the machines have become a key tool for scammers.

The measure, included in the Liberal government’s Spring Economic Update released Tuesday, would eliminate crypto ATMs nationwide. Officials described the machines as a “primary method” for defrauding victims and laundering illicit funds.

“To protect Canadians by shutting down a primary method for scammers to defraud victims, and for criminals to place their cash proceeds of crime,” the government said, it plans to prohibit the machines entirely.

A crypto ATM (automated teller machine) may sound similar to a traditional cash machine that dispenses money from your bank account, but it works very differently. Instead of withdrawing cash, these machines let users convert physical cash into cryptocurrencies like bitcoin, which can then be sent to a digital wallet anywhere in the world, while bypassing traditional banking channels. That’s where the money-laundering risk comes in.

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The proposal follows mounting concerns from law enforcement and regulators that crypto ATMs have become central to fraud schemes.

A 2023 internal analysis by Canada’s financial intelligence agency, FINTRAC, found that bitcoin ATMs are likely to remain “the primary method” fraudsters use to collect and launder funds from victims.

Canadian lawmakers are debating banning crypto as a payment method for electoral donations, citing concerns about the anonymity of fund transfers.

Canada was home to the first bitcoin ATM, installed in a downtown Vancouver coffee shop in 2013.

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CFTC deploys AI to police crypto as Innovation Task Force targets prediction markets

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SEC chair warns some prediction markets may fall under securities laws

CFTC turns to AI tools and a new Innovation Task Force to police booming crypto and prediction markets as staff shrinks and CLARITY Act hangs over federal turf wars.

The U.S. Commodity Futures Trading Commission is turning to artificial intelligence to supervise surging crypto and prediction markets even as its workforce has shrunk by more than one‑fifth since 2024.
Chairman Michael Selig told the House Agriculture Committee that the agency has authorized Microsoft 365 Copilot across its staff and is building “AI‑driven surveillance systems to flag fraud, market manipulation, and insider trading” in digital asset and derivatives markets.

CFTC leans on AI as staff shrinks

According to a report cited by Selig, the CFTC’s headcount has fallen from about 708 full‑time employees at the end of fiscal 2024 to roughly 543 a year later, a reduction of just over 20%, even as Congress prepares to hand it primary oversight of non‑securities crypto trading.

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He argued that Copilot and other machine‑learning tools are compensating for that gap by ingesting large data sets from crypto exchanges, prediction platforms, and futures markets and surfacing anomalies for human investigators to review.

At the same time, Selig is trying to replace ad hoc enforcement with clearer guardrails.

In March, he launched an Innovation Task Force “dedicated to advancing clear rules of the road for American innovators” building in three areas: crypto assets and blockchain, artificial intelligence and autonomous systems, and prediction markets and event contracts, according to a CFTC release.

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The task force, led by senior adviser Michael Passalacqua and five other experts, will work with the Innovation Advisory Committee and coordinate with the Securities and Exchange Commission on joint initiatives.
“Our goal is to foster responsible innovation at home and ensure American market participants are not left on the sidelines,” Selig said, promising a forum for founders and developers to “come meet with the staff” rather than face only after‑the‑fact crackdowns.

Bitcoin 2026 underscores prediction market pivot

Selig amplified that message on April 27 at the Bitcoin 2026 conference in Las Vegas, where he appeared back‑to‑back with SEC chair Paul Atkins and told attendees that regulators are “turning over a new page” on crypto coordination.
He framed the CFTC’s agenda around property rights, saying “our country was founded on the idea of private property” and arguing that token holders and innovators deserve predictable treatment instead of overlapping enforcement from Washington and the states.

That stance matters for prediction markets, a sector that platforms like Polymarket and Kalshi have helped push to nearly $24 billion a month in trading volume as AI bots and Wall Street capital pour in.

The CFTC is simultaneously defending what Selig calls its “sole regulatory jurisdiction over prediction markets” in lawsuits against states including New York, Arizona, and Illinois, warning that a patchwork of gambling rules could fracture a market now moving into mainstream finance.

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In a recent congressional hearing, Selig said the agency has “numerous investigations ongoing” in prediction markets and insisted that CFTC‑registered platforms must serve as the “first line of defense” against fraud before federal enforcement steps in.

With the CLARITY Act still pending in Congress and the Innovation Task Force ramping up, the CFTC is betting that AI‑enhanced supervision and formal rulemaking can keep pace with crypto derivatives and event contracts that now trade at global scale.

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