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Binance offers 1,000 UAE staff temporary relocation due to war, but many chose to stay

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Binance offers 1,000 UAE staff temporary relocation due to war, but many chose to stay

Binance offered its staff in the United Arab Emirates the option to temporarily relocate to Hong Kong, Tokyo, Kuala Lumpur and Bangkok amid regional tensions, the company told CoinDesk Friday.

“Given the recent regional tensions, we offered employees the option to temporarily relocate as a precautionary, employee-first measure to provide flexibility and support during a period of uncertainty,” a Binance spokesperson said. “As a remote-first organization, we are well set up to support this kind of flexibility without disruption to our operations.”

The spokesperson also said its operations in the UAE remain unchanged and that many employees have chosen to stay.

“Our operations in the UAE continue as normal — a large number of our team has chosen to remain in the UAE. We remain deeply committed to the UAE as a key hub for Binance and to the broader region,” the spokesperson said. “As a global company, we continue to operate seamlessly and serve our users without interruption.”

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The offer of relocation comes after a ceasefire agreement, following roughly six weeks of escalating regional conflict that has disrupted business activity in the UAE. The country has intercepted hundreds of missiles and drones since hostilities began in late February, according to the UAE Ministry of Defense, with additional interceptions reported on April 8.

The Middle East conflict has already disrupted major crypto, business and sports events across the UAE. TOKEN2049 Dubai has been postponed to 2027, while TON Gateway was canceled due to security and travel concerns. Other large events, including Middle East Energy Dubai and the Dubai International Boat Show, have also been delayed, and the Bahrain and Saudi Arabian Formula 1 races, key for crypto sponsorship exposure, are set to be canceled.

In December, Abu Dhabi Global Market (ADGM) said Binance’s global platform would operate under its regulatory framework, marking a significant step in formalizing the exchange’s structure.

Binance, which reportedly has 1,000 staff members or 20% of its total global workforce in the UAE, has also indicated that its worldwide operations are supported from Abu Dhabi, though it has not clearly defined a single global headquarters.

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Aave price bleeds quietly as DeFi’s blue chips are sold to feed new fads

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Aave price bleeds quietly as DeFi’s blue chips are sold to feed new fads

Aave price is trading around $91, slipping 3–4% in 24 hours as traders derisk DeFi blue chips to chase hotter themes, even though the protocol still anchors more than $20 billion in on‑chain lending.

Summary

  • AAVE’s price hovers near $90–$92 with about $296m in 24h volume against a roughly $1.5b market cap, pointing to active de‑risking rather than a dead market.
  • Token Terminal’s March report shows Aave overseeing around $23–$24b in TVL across 14–20 chains and holding roughly 50–62% of DeFi lending share.
  • Technicals show a controlled downtrend: mid‑band RSI, neutral‑to‑bearish signals, and futures data that looks more like long unwinds than aggressive new shorts.

Aave (AAVE) price is trading around $91 on April 10, 2026, under pressure as traders derisk from DeFi blue chips to chase newer narratives, even as the protocol maintains one of the deepest lending books in crypto. Over the past 24 hours, AAVE has fallen roughly 3–4%, with daily volume near $296 million — a high figure for a token with a market capitalization of about $1.5 billion — suggesting active trimming in size rather than illiquid drift.

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Aave March 2026 data compiled by CoinStats and Token Terminal shows the protocol operating with a market cap near $1.49 billion at a price of roughly $98.37, while supporting about $23.8 billion in total value locked across more than 20 blockchains and controlling an estimated 50–62% share of DeFi lending. That dominance is echoed in Token Terminal’s latest report, which notes Aave ended March with over $42 billion in deposits across 14 chain deployments, with Ethereum alone accounting for more than 80% of capital.

On TradingView, the AAVEUSDT chart places spot around $90–$92, down from recent local highs near the mid‑$90s but still well above the early‑cycle lows. The daily trend is lower but orderly, with most candles printing inside a gentle descending channel rather than a vertical collapse. Technical dashboards for AAVEUSDT label the setup as neutral‑to‑slightly bearish: RSI sits in the mid‑band rather than at capitulation levels, and aggregate signals tilt toward “sell” or “neutral” rather than “strong sell,” indicating a controlled cooldown rather than panic.

Perpetual futures data adds nuance. Binance‑linked summaries point to a small positive funding basis and soft open‑interest changes, a pattern more consistent with the slow unwinding of existing longs than with aggressive new shorting. In other words, traders appear to be trimming DeFi beta to free up capital for faster‑moving plays in areas such as meme coins, AI tokens or on‑chain perps, rather than specifically targeting AAVE for downside.

From a price‑prediction standpoint, that positioning argues for patience. CoinStats’ April outlook frames current levels in the context of three scenarios: a conservative market‑cap range of $2.2–$2.6 billion, implying $145–$165 per token; a base case of $3.6–$6.3 billion, implying $225–$395; and an optimistic band of $10–$14.5 billion, implying $625–$906, all hinging on Aave v4 execution, real‑world‑asset integration and sustained institutional flows. With the token currently near $91 and the trend pointing modestly lower, the market is not pricing in those upside paths yet.

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In the near term, the more likely path is continued range‑trading and drift until either a volatility spike flushes out remaining longs or a clear catalyst — such as a major v4 launch, new L2 integrations or a headline RWA partnership — forces traders to reprice the token. Until then, Aave looks less like a broken protocol and more like a blue chip being sold to fund whatever the market’s next story happens to be.

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Bitcoin whales quietly rebuild the bull case

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Bitcoin investors face ‘harvest now, decrypt later’ quantum threat

Bitcoin’s largest holders are quietly tightening their grip on supply again, and derivatives markets are starting to price that shift in conviction with a clear upside bias toward $88,000.

Summary

After four days locked in a tight band between $70,000 and $72,000, Bitcoin punched to an intraday high of $73,255 on Friday, a move traders say echoes the Q2 2025 breakout that followed weeks of compression below key moving averages. Then, as now, price is pressing against a descending trend line; this time, the crucial trigger sits near $76,000, the upper boundary of the downtrend that began after Bitcoin’s slide from roughly $126,000. A clean break there, one desk notes, would “remove the psychological lid that has capped every rally for months.”

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Under the surface, on‑chain data has flipped from distribution to accumulation. Crypto analyst Amr Taha highlights that 30‑day whale inflows to exchanges have dropped to $2.96 billion, falling below $3 billion for the first time since June 2025, versus about $8 billion as recently as February. At the same time, long‑term holders have booked a realized market value change of $49 billion, a shift Taha argues signals that “chips are moving from weak hands to strong hands,” with supply migrating toward investors willing to sit through volatility. CryptoQuant similarly frames the pattern as long‑duration capital “resuming accumulation to absorb available supply.”

Liquidity maps from CoinGlass show visible concentrations between $86,000 and $90,000, a zone now doubling as both magnet and battleground. “The chart shows a very pronounced liquidity structure,” one analysis notes, pointing to a thick cluster of orders that could accelerate a move once price enters that band. Market sentiment has turned bullish, with traders explicitly targeting $88,000 as the next waypoint if $76,000 gives way.

This parabolic move comes as digital assets continue to trade as the purest expression of macro risk appetite. Bitcoin (BTC) is hovering around $71,800, with a 24‑hour range roughly between $71,400 and $72,400 on close to $229.2B in combined spot and derivatives volume. Ethereum (ETH) changes hands near $2,214, up about 0.4% over the last day, with roughly $3.1B in spot volume and $54.2B in futures turnover. Solana (SOL) trades around $83, with about $0.55B in spot and $11.1B in futures volume over 24 hours.

Against that backdrop, broader crypto coverage has zeroed in on positioning and macro cross‑currents, from ETF flow whiplash to regime‑shift debates in volatility. For now, though, the tape is simple: whales have stepped back from the sell button, long‑term capital is quietly buying, and the market has a number in mind. It’s $88,000.

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BitFuFu Reports 214 BTC Output, Trims Holdings to 1,794 BTC

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

TLDR

  • BitFuFu produced 214 BTC in March while selling 80 BTC from its treasury.
  • The company’s Bitcoin holdings declined to 1,794 BTC valued at nearly $131 million.
  • Previous holdings peaked at 1,959 BTC in October 2025 before decreasing.
  • Hashrate dropped to 25.9 EH/s, and power capacity declined to 457 MW.
  • Cloud mining contributed 171 BTC, supporting overall production stability.

A Nasdaq-listed Bitcoin miner reported lower holdings after selling part of its treasury while maintaining steady production. The firm produced 214 BTC in March and sold 80 BTC during the same period. Its total Bitcoin balance now stands at 1,794 BTC, valued near $131 million at current prices.

BitFuFu Trims Holdings While Maintaining Production

BitFuFu confirmed it produced 214 BTC in March while selling 80 BTC from reserves. The company stated that the sale aligns with its balance sheet management approach and liquidity planning.

The firm reported total holdings of 1,794 BTC after the sale, reflecting a decline from earlier levels. It had previously disclosed 1,664 BTC in late 2024 before reaching 1,959 BTC in October 2025.

Chief executive Leo Lu addressed the change and linked it to internal strategy decisions. He said the company continues to target long-term growth in Bitcoin reserves.

Lu stated, “The sale supports our balance sheet strategy while we maintain our long-term objective of increasing Bitcoin holdings.” The company emphasized that treasury adjustments follow routine financial planning.

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Operations Show Stable Output Despite Lower Capacity

BitFuFu reported a slight drop in total hashrate to 25.9 EH/s during March operations. Power capacity also declined to 457 MW as older mining rigs were phased out.

The company stated that performance remained stable despite reduced capacity levels. It explained that equipment updates aim to improve long-term efficiency.

Cloud mining contributed 171 BTC to the total monthly production figure. This segment continues to form a large portion of the company’s output.

The firm said its platform adapts to changes in network difficulty and Bitcoin price movements. It added that system flexibility supports consistent production results.

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Lu explained that hardware upgrades will occur over time to improve efficiency levels. He said new machines will replace older units in a phased manner.

He also stated that changes in hashrate from external partners remained within normal operating ranges. The company confirmed that these shifts did not disrupt overall output stability.

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Visa Direct Integration Lets OwlTing Users Fund USDC Straight From a Debit Card

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Visa Direct Integration Lets OwlTing Users Fund USDC Straight From a Debit Card

The integration marks the latest expansion of Visa’s stablecoin infrastructure, which now spans settlement, card spending, and direct on-ramp capabilities.

Nasdaq-listed fintech firm OwlTing Group (OWLS) has expanded its collaboration with Visa to integrate Visa Direct into its OwlPay payment infrastructure, creating a card-to-wallet on-ramp that lets eligible U.S. debit cardholders fund USDC transactions without needing a standalone exchange account.

The capability is now live inside OwlPay Harbor, the company’s enterprise-grade on/off-ramp layer, and is also accessible to consumers through OwlPay Wallet Pro, a self-custody digital wallet. A subsequent phase will bring the on-ramp to OwlPay Cash, the firm’s consumer remittance app.

Once funded, users can spend USDC at U.S. retailers via gift cards, transfer assets to third-party platforms, or send funds globally through settlement channels including pushes to eligible Visa debit cards, local bank accounts via the Circle Payments Network, and cash pickup through MoneyGram.

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OwlTing CEO Darren Wang framed the integration as an effort to close the gap between existing card infrastructure and digital dollar rails. The company holds money transmission licenses or equivalents in 41 U.S. states as of March 2026, according to the announcement.

Visa’s Expanding Stablecoin Footprint

The partnership adds another layer to Visa’s rapidly growing stablecoin strategy.

The payments giant launched USDC settlement in the U.S. in December 2025 with Cross River Bank and Lead Bank on Solana, and in March expanded its collaboration with Stripe-owned Bridge to bring stablecoin-linked Visa cards to more than 100 countries. Visa’s stablecoin-linked card spending alone hit a $3.5 billion annualized run rate in late 2025, growing roughly 460% year over year, according to an Artemis report.

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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Coinbase CEO Backs US Treasury Secretary‘s Push to pass CLARITY Act

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Coinbase, Cryptocurrencies, Law, Politics, Congress

Brian Armstrong, the Coinbase CEO who withdrew the crypto exchange’s support for the Digital Asset Market Clarity Act in January, said “it’s time” for the legislation to pass after months of delays.

In a Thursday X post, Armstrong said that Coinbase agreed with comments from US Treasury Secretary Scott Bessent in a recent Wall Street Journal op-ed, in which he urged Congress to act on the crypto bill soon. According to the CEO, the current version of the legislation, after months of negotiations between lawmakers and representatives from the crypto and banking industries, was a “strong bill.”

“It’s time to pass the Clarity Act,” said Armstrong.

Coinbase, Cryptocurrencies, Law, Politics, Congress
Source: Brian Armstrong

Armstrong’s endorsement of the bill came about three months after the CEO said that the company could not support the legislation “as written,” leading to lawmakers in the Senate Banking Committee postponing a markup on CLARITY necessary for its approval.

At the time, Armstrong said that he expected the bill to pass “in a few weeks,” but concerns over ethics, tokenized equities, stablecoin yield and other crypto-related issues have stalled progress since January.

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Related: Coinbase CEO denies White House clash, says negotiations are ongoing

The expected markup for the bill in the banking committee, not scheduled as of Friday, will follow approval from the Senate Agriculture Committee in January. Both committees need to address different aspects of securities and commodities regulations before a potential vote for the CLARITY Act in the full chamber.

Coinbase legal chief Paul Grewal said last week that lawmakers were “very close to a deal” on the bill.

Is the crypto industry’s influence growing in Washington?

Since before the inauguration of US President Donald Trump, many experts have questioned the influence of the crypto industry on elections, lawmakers’ decisions and White House policies.

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Executives at Coinbase and Ripple Labs have been parties to the discussions with administration officials on the CLARITY Act, and Armstrong reportedly met with the president before Trump posted a social media message calling for immediate action on crypto market structure.

The relationships may have benefited Coinbase and other companies seeking crypto-friendly laws and regulations under Trump. Last week, the Office of the Comptroller of the Currency approved Coinbase’s application for a national bank trust charter, following December approvals for Paxos, Ripple Labs, BitGo, Circle and Fidelity Digital Assets.

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