Flying Tulip, a decentralized finance (DeFi) platform founded by DeFi developer Andre Cronje, has added a circuit breaker that can delay or queue withdrawals during abnormal outflows, as April DeFi losses climbed amid a string of major exploits. 

According to Flying Tulip’s documentation, the mechanism is designed to slow funds leaving the protocol if outflow capacity is exceeded, giving the team time to investigate suspicious activity and limiting how much an attacker could drain in a worst-case scenario.

Flying Tulip said the circuit breaker works differently across products. In the first version of the circuit breaker, used in its Perpetual PUT product, withdrawals can revert and users must retry later. In the second version, used in Flying Tulip’s stable asset and settlement currency, ftUSD, withdrawals are queued and become claimable after a delay instead of being rejected outright.

Flying Tulip said the circuit breaker is built with a “fail-open” design, meaning transactions would still be allowed if the safety mechanism itself were to malfunction. The platform said users can track the feature through a dedicated status page. 

The design adds a new layer of protection for the DeFi platform as recent industry exploits exposed risks that extend beyond smart contract code. 

Circuit breaker definition. Source: Flying Tulip

Recent exploits put broader security failures in focus

The added attention to outflow controls comes as recent exploits underscored vulnerabilities tied to signers, infrastructure and collateral design rather than only smart contract bugs. 

Amir Hajian, a digital assets researcher at trading firm Keyrock, said the biggest failures in April were increasingly linked to operational and infrastructure weaknesses, including compromised multisigs, configuration flaws and key leaks. 

The new mechanism deployed by Flying Tulip is designed to slow abnormal outflows and give the protocol time to respond when losses stem from failures outside of the smart contract itself. 

Related: Phishing, deepfakes, supply chain attacks to fuel 2026’s biggest crypto hacks: CertiK

Hajian highlighted April’s DeFi losses, which reached over $600 million in the first 18 days of the month, with two incidents accounting for 95% of the damage. 

On April 2, Solana-based decentralized exchange Drift Protocol suffered an exploit, with estimated losses at about $280 million. On April 19, liquid restaking platform Kelp was exploited for about $293 million, prompting lending protocol Aave to freeze rsETH markets on V3 and V4. 

Magazine: 53 DeFi projects infiltrated, 50M NEO tokens could be ‘given back’: Asia Express

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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Ethereum Layer 2 blockchain MegaETH has cleared the first of its three self-imposed performance hurdles and scheduled the token generation event (TGE) for its native MEGA token for April 30.

According to MegaETH’s Road to TGE dashboard, all 10 Mega Mafia applications required under KPI-2 are now fully deployed on mainnet. These include stablecoin payments protocol Cap, DEX Kumbaya, onchain game Showdown, lending market Avon, decentralized telecom protocol Ubitel, World, Stomp, HitOne, Nectar AI, and yield tokenization platform Brix.

The milestone triggers a seven-day countdown to MEGA’s launch, the team confirmed on X, ending a stretch of uncertainty that began when MegaETH went live in February without a fixed token launch date, instead tying issuance to three on-chain milestones: a $500 million circulating supply of its native USDM stablecoin with at least 25% deposited into smart contracts, 10 deployed Mafia apps with verified contracts and functioning core loops, or three apps generating $50,000 in daily fees for 30 consecutive days. Per the network’s TGE FAQ, only one KPI needs to be hit to start the seven-day clock.

As The Defiant previously reported, none of those conditions were close to being met in the immediate weeks following the mainnet launch, with the Mafia apps counter sitting at 5 of 10 a week after launch.

MegaETH’s public KPI dashboard shows that USDM circulation currently sits at $62.9 million, or roughly 13% of the $500 million target. The daily fees KPI also remains untriggered.

Tokenomics and Unlocks

MEGA’s total supply is fixed at 10 billion tokens, per the MEGA MiCA Whitepaper. Of that, 53.3% will be released over time as staking rewards tied to four topline KPI goals, 5% was offered in a public Sonar-based token auction, 7.5% was earmarked for an ecosystem and foundation reserve, 9.5% will vest for the team and advisors, and 14.7% was allocated to early investors.

Unlock terms vary by cohort. Echo round investors will see 20% unlocked at TGE, then a one-year cliff followed by a three-year vest, while Fluffle NFT holders unlock 50% at TGE with a six-month linear vest for the remainder. Sonar participants either unlock fully at TGE or accept a one-year lock in exchange for a discount.

The October Sonar auction drew $1.39 billion in commitments for a $50 million allocation, making it one of the most oversubscribed token sales of the cycle. A subsequent USDM pre-deposit bridge campaign was refunded after a multisig misstep in late November.

Once live, MEGA will function as the bidding currency for MegaETH’s proximity markets, where market makers and applications pay to colocate near the sequencer for sub-millisecond latency. The MegaETH Foundation has also committed to using USDM yield to accumulate MEGA tokens through ongoing buybacks.

MEGA premarket perpetuals on Hyperliquid have been trading in the $1.5 billion to $2 billion implied valuation range in recent days, well below the pre-launch peak above $6 billion recorded last October.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

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The BNB price prediction gained fresh momentum on April 22 after Yahoo Finance reported BNB Chain’s sector adding 3.8% to its market cap in a single week, with BNB climbing 4.2% to $634. Node operators must upgrade before the Osaka and Mendel hard fork on April 28, a move that positions BNB Chain as the fastest EVM-compatible network in 2026.

An $86 billion cap keeps the math clear. BNB at $634 needs $1,375 to reclaim its October 2025 all-time high, a 114% run. Wallets tracking the BNB price prediction are also watching Pepeto cross $9.45 million raised, with a Binance listing confirmed and a presale entry still open at $0.0000001866.

BNB Chain Hard Fork Targets April 28 as Network Speed and Stablecoin Volume Keep Rising

BNB Chain announced the Osaka and Mendel hard fork for April 28, requiring node operators to upgrade before the cutoff per Yahoo Finance. The upgrade builds on January’s Fermi release that pushed block time to 0.45 seconds. BNB Chain handles around 40% of all stablecoin transfers on any network.

Bitcoin reclaimed $78,000 this week and the CMC Fear and Greed Index hit 63 for the first time in six months. BNB held firm, adding 4.2% while altcoins followed. But an $86 billion cap limits the returns that change portfolios. Pepeto at presale pricing offers the early exchange-token math that BNB carried at $0.15 in 2017.

BNB Price Prediction Compared: BNB, Solana, and the Presale Opportunity Pepeto

Pepeto: The Exchange Token Loading Live Tools Ahead of Binance Listing

Pepeto runs a working zero-fee exchange connecting Ethereum, BNB Chain, and Solana, removing gas costs and failed fills that drain DeFi wallets daily. A cross-chain bridge shifts assets without charging fees, and a live AI scanner flags risky contracts before a wallet signs. The Pepe cofounder who built a project to a $7 billion cap leads this team, a former Binance executive manages delivery, and SolidProof cleared every contract line.

Each trade, bridge transfer, and scan routes value through the Pepeto token, creating the same token-level demand engine that took BNB from $0.15 at ICO to $634. Over $9.45 million is in at $0.0000001866, staking runs at 178% APY, and the Binance listing sits directly ahead.

A $2,000 entry at $0.0000001866 buys over 10.7 billion Pepeto tokens. Analyst desks project 100x once the first exchange trade prints, turning $2,000 into $200,000 the moment listing volume confirms the target.

The math is simple and the window is short. Every presale stage that closes pushes the price higher, and the day Binance opens the order book, no wallet on earth can buy at this level again. BNB proved what exchange tokens do when the product works. Pepeto follows that path at a lower starting price than BNB ever carried.

BNB Price at $634 as Osaka Hard Fork Deadline Hits April 28

BNB (BNB) trades at $634 per CoinMarketCap, down 1.4% on the day with support holding at $615 and resistance at $650.

MEXC analysts target $665 by late April if the hard fork lands clean, and Binance user consensus points to $803 for 2026. The October 2025 all-time high of $1,375 sits 114% above the current price, solid for a large cap but far from the multiple that presale entries deliver at listing.

Solana (SOL) Price at $85 as Daily Users Hold Above 6 Million

Solana (SOL) sits at $85 per Coinbase, holding steady as daily active addresses stay above 6.3 million. Standard Chartered keeps $250 as its 2026 target, roughly 2.9x from current levels. Putting $1,000 into Solana at $85 buys 11 tokens, while $1,000 into Pepeto at $0.0000001866 secures over five billion tokens before listing day.

Conclusion:

The BNB price prediction keeps $800 and beyond on the table for 2026, and the Osaka hard fork on April 28 sets the next technical step. But 114% to ATH from an $86 billion cap is a different trade than catching an exchange token at presale before its first listing.

Pepeto sits at $0.0000001866 with $9.45 million raised, 178% APY staking live, and a confirmed Binance listing weeks away. One wallet that put $500 into BNB at $0.15 in 2017 held over $2 million by the 2025 high. Pepeto carries the same structure at a lower entry. The presale closes, the listing opens, and $2,000 today turns into $200,000 the moment the 100x target lands. Visiting Pepeto official website before the ticker goes live is how those positions are built.

Click To Visit Pepeto Website

FAQs

What is the BNB price prediction after the Osaka hard fork on April 28?

The BNB price prediction targets $665 to $803 for 2026 as the Osaka hard fork cuts block time and BNB holds $634 with support at $615. The October 2025 all-time high of $1,375 sits 114% above current levels.

Why is Pepeto drawing attention alongside BNB in April 2026?

Pepeto is drawing attention because it pairs a working zero-fee exchange with presale pricing at $0.0000001866 and 178% APY staking, giving buyers 100x potential before the confirmed Binance listing opens.

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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.

Cryptocurrency exchange OKX is accelerating its push into the United States by rolling out off-exchange settlement for its US institutional clients.

OKX has integrated the Off-Exchange Settlement (OES) platform by publicly listed digital asset custodian BitGo, the company said Thursday in an announcement shared with Cointelegraph.

The integration enables institutional clients to trade on OKX while keeping assets secured in BitGo’s cold custody, aiming to eliminate pre-funding requirements and improve capital efficiency.

“Institutional capital entering crypto requires capital to be protected and to be put to work,” OKX US CEO Roshan Robert told Cointelegraph. “Our proprietary custody infrastructure has been proven at scale, and our partnership with BitGo gives clients flexibility in how they protect assets while freeing capital to work harder,” he said.

The development marks a broader industry push to improve security and liquidity access by raising custody standards and securing partnerships with major custodians.

OKX’s first US steps after ICE took stake in the exchange

The integration with BitGo is among OKX’s first US institutional infrastructure steps since Intercontinental Exchange invested in the company at a $25 billion valuation in early March, with ICE executives taking a board seat at the exchange.

OKX Global CEO Star Xu then said the partnership would shape the platform’s approach to the US, adding that the company viewed its local presence as a “blank sheet of paper.”

The investment came about a year after OKX officially reentered the US in April 2025, alongside the appointment of former Barclays director Roshan Robert as its US CEO.

Related: BitMEX taps Zodia custody as exchanges tighten post-FTX safeguards

Addressing the BitGo integration, Xu emphasized that safeguarding customer assets has always been a foundation to OKX. “At the same time, we’ve expanded our custody partnerships with trusted leaders like BitGo to give clients greater flexibility and choice in how they secure their assets,” he added.

BitGo has disclosed risks tied to its off-exchange settlement platform

BitGo has operated its off-exchange settlement platform for at least a couple of years, acting as custodian and settlement facilitator for digital asset transactions executed on third-party exchanges.

Despite the operational efficiencies provided by its OES platform, BitGo said it still faces multiple categories of risk, including operational, regulatory and counterparty risks.

“Operational risks associated with our OES services include potential errors in processing trade data, delays or failures in asset transfers, employee or insider misconduct, cybersecurity incidents, technological disruptions and reconciliation errors,” the company said in its IPO filing in January.

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.

MoonPay has launched fiat-to-stablecoin virtual accounts in New York, allowing businesses to convert incoming funds from bank rails such as ACH and SWIFT into stablecoins and settle them directly to non-custodial wallets through a single API.

The product is underpinned by technology provider Iron and allows platforms to issue named, dedicated accounts that receive fiat and automatically convert it into stablecoins, enabling payment, trading and treasury flows without relying on prefunded balances or multiple intermediaries.

The rollout in New York follows MoonPay’s acquisition of Iron in 2025 and builds on integrations with platforms including Deel and Paysafe, extending its stablecoin infrastructure across payroll and payments networks, according to Thursday’s announcement.

MoonPay said it obtained a BitLicense, money transmitter licenses and a New York limited purpose trust charter from the New York State Department of Financial Services in 2025, allowing it to offer the service in one of the most tightly regulated crypto markets.

Source: MoonPay

The company said the accounts enable faster settlement and programmable payments by linking traditional banking rails with blockchain-based infrastructure through a single integration.

Max von Wallenberg, CEO of Iron, told Cointelegraph that launching in New York allows the company to target institutional clients operating in one of the most tightly regulated financial hubs. He said:

New York is the center of global finance — where the largest banks, asset managers and enterprises operate… Being able to operate here signals we meet the highest regulatory and operational standards.

He added that demand for the product in other jurisdictions has been driven by enterprise use cases including payroll, treasury management and cross-border payments, as well as tokenized real-world asset issuers that require fiat-to-stablecoin settlement flows.

Related: Stablecoins not a threat to banks in near term: Moody’s analyst

Stablecoins reduce reliance on prefunded accounts

Major payment companies and fintechs are increasingly integrating stablecoins into payment infrastructure to streamline cross-border transactions and reduce reliance on prefunded accounts.

On Tuesday, Singapore fintech Nium integrated USDC payments through Coinbase, allowing businesses to send, receive and convert stablecoins to fiat across more than 190 countries through a single platform.

The setup enables companies to fund cross-border payouts on demand using stablecoins and settle in either digital assets or local currencies, reducing the need to prefund accounts across multiple jurisdictions and streamlining global payment flows.

Card networks are also expanding stablecoin-linked payment infrastructure. In March, Visa and Stripe-owned Bridge rolled out stablecoin-linked cards across more than 100 countries and are testing onchain settlement that would allow transactions to be settled in digital assets rather than fiat. As of December 2025, Visa’s annualized stablecoin settlement run rate reached $4.6 billion, according to a company spokesperson.

Mastercard has also moved to expand its stablecoin capabilities, agreeing to acquire BVNK in a deal valued at up to $1.8 billion. The acquisition is aimed at strengthening its ability to connect traditional payment rails with blockchain-based transactions, supporting use cases including cross-border payments and business payouts.

The total stablecoin market capitalization stands at about $320 billion, according to DefiLlama data.

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Galaxy Digital head of firmwide research Alex Thorn has assessed the CLARITY Act’s chances of being signed into law in 2026 at roughly 50-50, and possibly lower, in a research note being published this week, warning that the bill faces more unresolved questions than most of Washington appreciates and that time pressure is now its biggest enemy.

Alex Thorn, head of firmwide research at Galaxy Digital, warned in a note shared with DL News that “if the markup slips past mid-May, the probability of enactment in 2026 will drop sharply.” The firm’s overall assessment is blunt: “In our view, the odds of CLARITY being signed into law in 2026 are roughly 50-50, and possibly lower. The uncertainty stems not from any single issue but from the sheer number of unresolved questions that must be settled in sequence under severe time pressure.”

CLARITY Act Galaxy Research Note Highlights Sequential Risk as the Core Threat

Thorn’s analysis identifies several individual flashpoints that each carry veto power over the bill’s progress. Beyond the stablecoin yield dispute that has dominated coverage, the note flags the Blockchain Regulatory Certainty Act provision embedded in the Senate draft, which clarifies that non-custodial software developers who write code but do not control user funds are not money transmitters. Crypto advocates view this as essential to keeping open-source development onshore, but it has drawn pushback from some regulatory quarters. Polymarket traders, whose prediction market on the CLARITY Act has generated over $557,000 in trading volume since January, currently price the bill’s passage at approximately 43%, down sharply from 82% earlier in the year. As crypto.news has tracked, the bill faces a four-way standoff among crypto firms, banks, the SEC, and structural critics, with each faction holding effective veto power over a different provision.

What Would Need to Go Right for the Bill to Pass

For the CLARITY Act to become law in 2026, five sequential steps must succeed in rapid succession: a Senate Banking Committee markup, a 60-vote Senate floor threshold, reconciliation of the Banking and Agriculture Committee versions, reconciliation with the House-passed text from July 2025, and a presidential signature. Each of those steps is a potential point of failure. As crypto.news reported, the White House has described the stablecoin yield compromise as holding firm, and White House crypto adviser Patrick Witt said the deal is a “must-have” for unlocking the remaining issues. If that compromise breaks down again, it would trigger another delay that Galaxy’s timeline math suggests the bill cannot survive.

What Passage Would Mean for Crypto Markets

JPMorgan analysts have publicly described CLARITY Act passage by midyear as a positive catalyst for digital assets, a view that reflects how much institutional deployment in crypto is currently gated behind regulatory clarity. As crypto.news documented, Coinbase CEO Brian Armstrong reversed his company’s earlier opposition and backed the current bill version in April, and approximately 65% of institutional investors surveyed by Coinbase and EY-Parthenon have cited regulatory clarity as the condition holding them back from serious XRP and broader digital asset deployment. Galaxy’s 50-50 assessment is not a call to give up on the bill but a warning that the path is narrower than the most optimistic forecasters in Washington and the crypto industry have been projecting.

A lame duck session of Congress following the November midterms has been mentioned as a last-resort option by some insiders, though Galaxy describes that scenario as low probability given the compressed legislative dynamics.