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Blockstream CEO Denies Jeffrey Epstein Ties Following DOJ Document Release

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21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR

  • Adam Back stated that Blockstream has no financial ties to Jeffrey Epstein or his estate.
  • 2014 emails show Blockstream co-founders discussed funding round allocations with Epstein and Joi Ito.
  • Travel emails referenced a planned visit to St. Thomas involving Back and Hill.
  • Jeffrey Epstein exchanged crypto-related emails with Peter Thiel and discussed Bitcoin’s use cases.
  • Jeffrey Epstein proposed a Sharia-compliant digital currency in 2016 and communicated with multiple tech figures.

Blockstream CEO Adam Back responded to newly released Epstein documents by denying any financial connection between his company and Epstein. The U.S. Department of Justice released a new batch of records under the Epstein Files Transparency Act. Back’s statement followed reports linking Blockstream’s 2014 funding round to Jeffrey Epstein and MIT Media Lab’s Joi Ito.

Emails Show Early Contact Between Epstein and Blockstream Founders

In a 2014 email, Blockonomi earlier reported that Blockstream co-founder Austin Hill addressed Jeffrey Epstein and Joi Ito regarding a seed funding round. Hill said the round was oversubscribed and mentioned an increased allocation from $50,000 to $500,000 for Epstein. Adam Back was included in the same email thread, which showed communication between all parties during the funding process.

In another document, Hill informed Epstein’s associate Daphne Wallace about travel arrangements involving St. Thomas, referencing Adam Back in the same thread. Hill said they were “happy to arrange for our own flights” after the St. Thomas stop. The destination raised questions due to its proximity to Epstein’s private island.

Back confirmed that the company met Jeffrey Epstein through Ito during their investor roadshow. He stated, “Blockstream has no direct nor indirect financial connection with Jeffrey Epstein or his estate.” Hill reposted Back’s full statement on the social media platform X, reaffirming the company’s position.

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Back added that Epstein was introduced to them as a limited partner in Ito’s fund, which held a minority stake. He said the fund later divested its Blockstream shares due to a possible conflict of interest. However, Back did not address the specific travel emails involving St. Thomas mentioned in the DOJ documents.

DOJ Files Show Crypto Links to Jeffrey Epstein

The newly unsealed documents show Jeffrey Epstein had conversations about crypto with Peter Thiel in July 2014. In an email, Epstein questioned Bitcoin’s purpose, saying, “There is little agreement on what Bitcoin is.” He also mentioned the contradictions between transparency and anonymity in the technology.

Other emails revealed Hill discouraged Ito and Epstein from backing Stellar and Ripple. He claimed those projects were “bad for the ecosystem” and conflicted with Blockstream’s goals. Hill also warned that supporting multiple crypto ventures could damage trust and company stability.

One of Jeffrey Epstein’s emails from 2016 showed he proposed digital currency plans to Saudi Arabian officials. He outlined a physical fiat currency called “the Sharia” and a Bitcoin-based digital currency. The proposal included goals for internal Muslim financial systems and regional currency innovation.

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Other tech and finance names appeared in the unsealed records, including Michael Saylor and Kevin Warsh. Warsh was recently nominated as the next Federal Reserve chair. These names surfaced within over six million pages released under the new transparency law.

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DeFi Yield Is Becoming Synthetic Labor

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DeFi Yield Is Becoming Synthetic Labor

There was a time when “earning” meant showing up.

Clock in. Do the work. Get paid.

That model is quietly being rewritten.

Not by corporations. Not by governments.

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But by code.

The Shift No One Is Talking About

In traditional economics, labor and capital are separate forces:

  • Labor = effort, time, skill
  • Capital = money, assets, tools

You worked for capital. Capital didn’t work for you.

DeFi flips that.

Now your capital:

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  • Provides liquidity
  • Secures networks
  • Arbitrages inefficiencies
  • Rebalances positions
  • Optimizes yield across protocols

That’s not passive.

That’s functionally labor.

Yield Farming = Outsourced Work

Let’s call it what it is.

Yield farming isn’t just “earning interest.”

It’s:

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  • Acting as a market maker
  • Acting as a lender
  • Acting as a validator (indirectly)
  • Acting as a trader via automated strategies

Instead of hiring humans, protocols use your capital as the worker.

Is your USDC in a liquidity pool?
That’s filling trades 24/7.

Your ETH in staking?
That’s helping secure consensus.

Your funds in an arbitrage vault?
That’s scanning price inefficiencies faster than any human ever could.

No breaks. No emotions. No sleep.

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Capital as a Full-Time Employee

Here’s the uncomfortable realization:

Your money might already be working harder than you are.

In DeFi, capital doesn’t sit idle:

  • It compounds
  • It reallocates
  • It executes strategies automatically

And unlike human labor:

  • It scales instantly
  • It operates globally
  • It doesn’t burn out

We’re watching the birth of something new:

Synthetic labor.

From “Work → Earn” to “Deploy → Earn”

The old formula:

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Work → Earn money → Save → Invest

The new formula:

Deploy capital → Earn like labor → Reinvest → Compound

This changes everything.

Because now:

  • Income is no longer tied to time
  • Productivity is no longer tied to effort
  • Output is no longer tied to human limits

If your capital is positioned correctly, it behaves like:

  • A trader
  • A banker
  • A liquidity provider

All at once.

The Uneven Playing Field

Here’s where things get real.

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If capital becomes labor, then:

  • People with more capital = more “workers”
  • People without capital = left selling time

This amplifies inequality.

Because:

  • One person can deploy $1M across strategies
  • Another can only deploy $100

Both access the same protocols.

But only one owns a fleet of synthetic workers

The Rise of Capital Efficiency Wars

Protocols are already competing for your capital:

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  • Higher APYs
  • Token incentives
  • Better risk-adjusted returns

Why?

Because capital is labor supply in DeFi.

More capital = deeper liquidity = better markets = stronger protocol

We’re entering a phase where protocols don’t just attract users.

They recruit workers made of capital.

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The Psychological Flip

This is where most people lag.

They still think:

“I need to work harder to earn more.”

But the real question is:

“Is my capital working at all?”

Because idle money in a bank account is:

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  • Not securing anything
  • Not providing liquidity
  • Not capturing inefficiencies

In DeFi terms, it’s unemployed.

Risks: Not All “Workers” Are Safe

Let’s not romanticize it.

Synthetic labor comes with real risks:

  • Smart contract exploits
  • Impermanent loss
  • Protocol collapse
  • Incentive rug pulls

Your “worker” can:

  • Underperform
  • Lose capital
  • Get wiped out entirely

Unlike human labor, there are no labor laws here.

Where This Is Heading

Zoom out.

If capital becomes programmable labor:

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  • DAOs become employers
  • Protocols become economic machines
  • Users become capital allocators instead of workers

The long-term implication?

We’re heading toward a system where:

  • Work is optional (for some)
  • Capital allocation is the primary skill
  • Financial literacy becomes survival

Final Thought

DeFi didn’t just create new ways to earn.

It quietly redefined what “earning” even means.

You’re no longer just a worker.

You’re a manager of workers.

The twist?

Your workers are made of capital.

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And they never sleep.

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Michael Saylor’s Strategy (MSTR) purchased $330 million of bitcoin last week

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MSTR may have paused it's BTC accumulation last week

Michael Saylor’s Strategy (MSTR) added 4,871 bitcoin to its treasury over the past week at an average price of roughly $67,718 per coin, spending approximately $329.9 million, according to a Monday filing.

The purchase brings total holdings to 766,970 BTC acquired for $58.02 billion at an all-in average cost basis of $75,644. At bitcoin’s current price near $69,120, the entire position is underwater by roughly 8%, or about $5 billion in unrealized losses on paper.

Last week’s purchases were mostly funded through $227.3 million in sales of the company’s STRC preferred stock. The remainder was funded with $72 million of sales of common stock.

A CryptoQuant report last week flagged Strategy’s 30-day accumulation at roughly 44,000 BTC through late March, making it one of only two institutional channels absorbing supply at scale alongside spot ETFs, which purchased approximately 50,000 BTC over the same period.

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At 766,970 BTC, Strategy holds roughly 3.8% of bitcoin’s total circulating supply of 20.01 million coins and remains by far the largest corporate holder of the asset.

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BTC and XRP holders turn to NOW DeFi’s quantum cloud mining

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BTC and XRP holders turn to NOW DeFi's quantum cloud mining

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

Investors shift from spot trading to automated income strategies as platforms like NOW DeFi gain attention.

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Summary

  • Retail crypto investors shift from spot trading to passive income models like cloud mining amid market volatility
  • NOW DeFi promotes automated quantum cloud mining, offering hands-free strategies and daily yield generation
  • AI-driven mining platforms gain traction as users seek stable returns over speculative “buy and hold” strategies

Still obsessively checking charts, praying for XRP or BTC to pump? While ordinary retail investors are paralyzed by market volatility and holding idle bags, a massive wealth shift is happening right under their noses. 

The smartest crypto holders have completely stopped trading spot. Instead, they are plugging their idle digital assets into NOW DeFi, a game-changing Quantum Cloud Mining platform, and unlocking staggering passive income of up to $12,777 every single day. The era of “buy and hope” is dead; the era of automated, high-yield cash flow is here.

Why are holders flocking to quantum cloud mining?

For years, generating real wealth in crypto required expensive mining rigs, cheap electricity, or high-risk day trading. NOW DeFi’s Quantum Cloud Mining has democratized the industry. It utilizes AI-driven quantum algorithms to instantly allocate computing power across global, green-energy data centers.

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There is no need to buy any hardware. Simply lease institutional-grade ASIC hashrate, and the algorithm automatically targets the most profitable blockchain networks. Whether the spot market is pumping or crashing, the hashrate is actively minting new assets, securing guaranteed, predictable profits 24/7.

The NOW DeFi edge: Why smart money trusts the protocol

The mass migration to NOW DeFi isn’t a coincidence. The platform has architected an elite, automated wealth-building ecosystem designed to eliminate retail pain points while maximizing institutional-grade returns:

  • $22 Instant Welcome Bonus: To accelerate onboarding, NOW DeFi offers an immediate $22 cash reward upon registration, allowing users to kickstart their yield generation instantly.
  • 100% Hands-Free Automation: Users no longer need to monitor crashing charts. By purchasing a strategy package, yields are automatically calculated and credited every 24 hours.
  • Ultimate Liquidity & Flexible Withdrawals: Capital efficiency is paramount. Once the account balance reaches a minimum of $100, users can withdraw directly to their personal crypto wallets or reinvest for compound growth.
  • Fort Knox-Level Security: In an era of rampant exploits, user capital is fortified by industry-leading McAfee® and Cloudflare® dual-layer protection, alongside third-party custody solutions.
  • The Global Safe-Haven Consensus: The protocol is already trusted by over 10 million smart investors across 198+ countries and regions who have chosen guaranteed yields over market anxiety.
  • Seamless Multi-Asset Integration: The platform directly supports and settles in top-tier assets, including XRP, BTC, ETH, SOL, DOGE, USDC, USDT, BNB, and BCH.
  • Zero Hidden Fees: The yield models operate with absolute transparency. There are no hidden maintenance fees or surprise charges.

Following the smart money: How to execute the strategy

For retail holders looking to replicate this institutional strategy and stop the bleeding in their spot portfolios, the execution process has been streamlined into three steps:

  1. Create an Account: Visit the official NOW DeFi platform or download the app to register and claim the $22 bonus.
  2. Deploy Capital: Choose a Quantum Contract that aligns with capital size and preferred digital asset.
  3. Automate & Earn: Once activated, the quantum matrix operates 24/7, depositing net profits directly into a wallet for daily withdrawal.

The yield matrix: Inside the data

Below is the transparent breakdown of the Quantum Cloud Mining contracts currently absorbing the massive influx of retail and institutional capital:

Strategy Model Target Asset Capital Required Term Daily ROI Total Net Profit
Micro Hashrate USDC / USDT $100 2 Days $4.00 $8.00
XRP Momentum XRP $1,200 10 Days $14.16 $141.60
Digital Gold Miner BTC $5,000 20 Days $67.50 $1,350.00
High-Frequency Alt SOL / ETH $15,000 35 Days $240.00 $8,400.00
Institutional Matrix Multi-Asset $50,000 40 Days $870.00 $34,800.00
Quantum Apex Hyd Max $890,000 45 Days $12,777.00 $574,965.00

About NOW DeFi

NOW DeFi is a globally compliant web3 wealth management and decentralized hashrate platform. By bridging rigorous traditional finance logic with cutting-edge blockchain technology, NOW DeFi provides institutional-grade Quantum Cloud Mining solutions to millions of users worldwide. Committed to transparency, security, and consistent yield generation, NOW DeFi is redefining how digital assets are preserved and grown in the modern era.

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Conclusion

The on-chain data speaks for itself. While retail traders continue to gamble in the highly volatile spot market, the industry’s smartest capital has already taken shelter in decentralized hashrate protocols to lock in absolute returns. Do not let digital assets sit idle and depreciate in a highly uncertain market. Reallocate XRP, BTC, and USDC to NOW DeFi today, leverage top-tier quantum algorithmic strategies, and secure a financial future.

For more information and to start generating daily automated yields instantly, please click here to visit the NOW DeFi official website or download the official application.

Email: [email protected]

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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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IRGC Issues Destruction Warning Against UAE’s $30B Stargate AI Facility Backed by Tech Giants

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

Key Highlights

  • Iranian Revolutionary Guard published threatening video on April 3 targeting Abu Dhabi’s $30B Stargate artificial intelligence facility
  • Warning specifically conditions destruction on potential U.S. military action against Iran’s electrical infrastructure
  • Major technology partners include OpenAI, Microsoft, Nvidia, Oracle, SoftBank, and additional firms
  • Oracle’s Dubai data center sustained damage from Iranian missile fragments on April 2
  • Financial markets show varied responses; Nvidia (NVDA) maintains top-tier 10 analyst Smart Score

The Islamic Revolutionary Guard Corps of Iran has issued a destruction warning against the $30 billion Stargate artificial intelligence data center currently under development in Abu Dhabi. This threat emerged through a video published on April 3, 2026, subsequently circulated by the Tehran Times via X.com.

Brigadier General Ebrahim Zolfaghari, serving as spokesperson, declared that “complete and utter annihilation” would be executed should the United States conduct military strikes against Iranian electrical generation facilities. The Revolutionary Guard specified that every U.S.-affiliated information and communications technology enterprise operating throughout the region would constitute “legitimate targets.”

The released footage demonstrated a Google Maps-style geographic progression, zooming into the Stargate complex’s waterfront position within the United Arab Emirates. The presentation transitioned to simulated night-vision imagery, exposing the comprehensive site configuration. Revolutionary Guard officials incorporated photographs of OpenAI’s Chief Executive Sam Altman alongside Nvidia’s CEO Jensen Huang throughout the video content.

Stargate’s official launch occurred in May 2025 through an agreement involving President Donald Trump. The initiative represents what’s planned as the most expansive AI data center development located beyond United States borders.

The undertaking enjoys financial and technical backing from prominent global technology corporations. OpenAI and Microsoft are developing the artificial intelligence platforms. Nvidia and SoftBank are contributing semiconductor technology and capital investment. Oracle and Cisco are managing cloud computing and networking systems. Abu Dhabi’s MGX serves as an additional primary backer.

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Regional Technology Assets Experience Actual Damage

This threatening message follows confirmed physical damage reported across the area. On April 2, 2026, fragments from a neutralized Iranian missile impacted an Oracle data facility in Dubai, causing structural damage to the building’s exterior.

Amazon Web Services documented electrical supply interruptions at one of its regional installations following comparable attack incidents. The UAE Ministry of Defence reports successfully intercepting over 500 missiles and 2,100 unmanned aerial vehicles launched from Iranian territory since February 2026.

While the Stargate facility remains in its construction phase, these nearby incidents demonstrate that technological infrastructure throughout the UAE is experiencing direct impact from the ongoing conflict.

The Revolutionary Guard’s video content explicitly challenged Google’s privacy measures, asserting “nothing stays hidden from our sight, though hidden by Google.” This statement referenced the facility’s location being obscured on publicly accessible mapping platforms.

Financial Market Response

Notwithstanding the explicit threat directed at the development, Nvidia maintains its optimal Smart Score of 10 based on comprehensive analyst agreement. Among the consortium companies, only Cisco demonstrated positive stock movement during the previous month, registering a 0.48% increase.

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Microsoft and Nvidia both continue displaying robust upward price targets according to analyst projections. Investment professionals appear to be interpreting the circumstances as a geographically confined geopolitical development at this stage.

OpenAI declined to provide commentary in response to Seeking Alpha’s inquiry at publication time.

The most recently verified incident remains the April 2 missile debris impact on Oracle’s Dubai data center facility.

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Attention Economy Is Dying (Tokenized Value Is Replacing It)

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Attention Economy Is Dying (Tokenized Value Is Replacing It)

Views Don’t Matter Anymore. Ownership Does.

For the last 15 years, the internet has run on a simple trade:

You give attention.
Platforms make money.

Every scroll, like, and click feeds an algorithm designed to extract one thing—your time. And while creators and users generate the value, platforms capture almost all of it.

That model is breaking.

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Quietly, but decisively.

We’re moving from an attention economy to an ownership economy—and tokenization is the catalyst.

The Problem: Attention Is Extractive by Design

Traditional platforms don’t reward value—they reward engagement loops.

  • Viral content beats meaningful content
  • Clickbait beats substance
  • Algorithms decide visibility, not creators

You don’t own your audience.
You don’t own your data.
You don’t even control distribution.

Even worse?

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Creators are stuck in a system where:

  • Monetization is gated (ads, sponsorships)
  • Income is unpredictable
  • Platforms can change rules overnight

You’re building on rented land.

The Shift: From Clicks → Ownership

Web3 flips the model.

Instead of extracting value from attention, it distributes value through ownership.

Tokens change everything because they turn users into participants, not products.

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Now:

  • Users can earn from the networks they contribute to
  • Creators can own their communities directly
  • Value flows back to the people generating it

This isn’t just monetization—it’s alignment.

Why Tokenized Value Is So Powerful

Tokens don’t just pay you—they represent your stake in a system.

That means:

1. Participation = Ownership

Providing liquidity, curating content, or even just being early can earn you a share of the network.

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Your activity becomes capital.

2. Communities Become Economies

Instead of followers, you get stakeholders.

People aren’t just watching—they’re invested in growth.

That changes behavior:

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  • Less passive scrolling
  • More meaningful contribution
  • Stronger network effects

3. Value Is Transparent and Programmable

Smart contracts automate reward distribution.

No middlemen. No hidden rules.

If you add value, you get paid. Simple.

The Death of “Going Viral”

In the attention economy, success looks like this:

Millions of views. Minimal ownership.

In the tokenized economy, success looks like:

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Smaller audience. Higher alignment. Real upside.

Virality becomes less important than economic participation.

Because:

  • 1,000 aligned holders > 1,000,000 passive viewers
  • A community that earns together stays together

The Next TikTok Won’t Sell Your Attention—It’ll Pay You

Imagine a platform where:

  • You earn tokens for engagement
  • Creators share upside with their audience
  • Early users benefit from growth
  • Algorithms are transparent—or even community-governed

This isn’t theoretical. It’s already happening in early forms across DeFi, social tokens, and on-chain platforms.

The difference?

These platforms don’t treat users as inventory.

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They treat them as owners.

The Bigger Picture: Capital Becomes Labor

Here’s where it gets interesting.

In this new model:

  • Your capital works like labor
  • Your activity earns equity
  • Your participation compounds over time

We’re moving from:

Work → Earn money

to:

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Participate → Accumulate ownership

That’s a fundamental shift in how value is created and distributed online.

Final Thought

The attention economy isn’t dying because people stopped scrolling.

It’s dying because people are starting to realize:

They were never being paid what they’re worth.

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The next phase of the internet isn’t about capturing attention.

It’s about rewarding contributions.

And in that world?

Views don’t matter.

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Ownership does.

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3 Token Unlocks to Watch in the Second Week of April 2026

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The crypto market will welcome tokens worth more than $899.3 million in the second week of April 2025. Major projects, including Aptos (APT), Babylon (BABY), and Linea (LINEA), will release significant new token supplies. 

These unlocks could introduce market volatility and influence short-term price movements. So, here’s a breakdown of what to watch.

1. Aptos (APT)

  • Unlock Date: April 12
  • Number of Tokens to be Unlocked: 11.31 million APT
  • Released Supply: 1.66 billion APT
  • Total supply: 2.59 billion APT (Y2035)

Aptos is a Layer-1 blockchain platform designed for scalability, security, and efficiency in decentralized applications (dApps) and Web3 ecosystems. It utilizes the Move programming language to enable high-throughput transactions and smart contract execution.

Aptos will release 11.31 million tokens on April 12. The tokens are worth $9.65 million. It represents 0.68% of the released supply.

APT Crypto Token Unlock in April.
APT Crypto Token Unlock in April. Source: Tokenomist

The team will award 3.96 million APT to core contributors. The community and investors will get 3.21 million and 2.81 million tokens, respectively. Additionally, Aptos will allocate 1.33 million tokens to the foundation.

2. Babylon (BABY)

  • Unlock Date: April 10
  • Number of Tokens to be Unlocked: 612.5 million BABY
  • Released Supply: 1.62 billion BABY
  • Total supply: 10 billion BABY (Y2035) 

Babylon is a decentralized protocol that enables native Bitcoin (BTC) staking to secure Proof-of-Stake blockchains. It turns idle BTC into a productive asset without custodians or bridges. BABY is the native token of the network. 

The altcoin serves three core functions: paying transaction fees, participating in on-chain governance, and dual-staking alongside BTC to secure the network. 

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On April 10, the network will unlock 612.5 million coins. The altcoins are worth $7.56 million. In addition, the unlocked tokens account for 37.77% of the released supply.

BABY Crypto Token Unlock in April.
BABY Crypto Token Unlock in April. Source: Tokenomist

Babylon will split the supply three ways. Early private-round investors will receive 381.25 million tokens. The team will get 187.5 million BABY. Lastly, Babylon will direct 43.75 million tokens to advisors.

3. Linea (LINEA)

  • Unlock Date: April 10
  • Number of Tokens to be Unlocked: 1.38 billion LINEA
  • Released Supply: 25.92 billion LINEA
  • Total supply: 72.01  billion LINEA

Linea is a zkEVM Layer-2 scaling solution for Ethereum (ETH). The network provides fast, low-cost transactions while maintaining compatibility with Ethereum tools and security.  

The network will unlock 1.38 billion tokens, valued at approximately $4.68 million, on April 10. The upcoming unlock represents 5.32% of the released supply

LINEA Crypto Token Unlock in April.
LINEA Crypto Token Unlock in April. Source: Tokenomist

Linea will keep 600.08 million tokens for long-term alignment, and 480.07 million LINEA for Ignition. The team will allocate the remaining 300.04 million tokens for future airdrops.

In addition to these, other prominent unlocks that investors can look out for in the second week of April include RedStone (RED), BounceBit (BB), Movement (MOVE), and more.

The post 3 Token Unlocks to Watch in the Second Week of April 2026 appeared first on BeInCrypto.

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Swiss International Gemlab unveils AI-driven approach to gemstone grading

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Swiss International Gemlab unveils AI-driven approach to gemstone grading

Three veteran gemologists have launched a new gemstone testing facility, Swiss International Gemlab, introducing a proprietary artificial intelligence system to support grading accuracy and consistency.

Summary

  • Swiss International Gemlab launches with an AI-supported grading system to improve accuracy and consistency in gemstone reports.
  • The lab will operate from Lucerne and Hong Kong, offering full-service testing with a five-day standard turnaround and real-time tracking.
  • SIG joins a growing shift as gemology labs adopt data-driven tools to enhance verification standards and reporting uniformity.

Willy Bieri, Lawrence Hahn, and Matthias Alessandri founded the lab, which will operate from Lucerne, Switzerland, and Hong Kong, the company said last week. The three have worked together for more than a decade and said the facility is designed to deliver faster reports, improved transparency, and strong scientific rigor, while remaining free from external influence.

Swiss International Gemlab (SIG) said it will provide the “full spectrum” of services for colored gemstones. These include identification, origin determination, treatment analysis, and detailed color grading.

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At the core of its operations is “SIG-AI Assistance,” a proprietary system that cross-references analytical results with structured databases. The platform is designed to flag inconsistencies, support uniform reporting standards and shorten interpretation time, according to the lab.

The lab has set a standard turnaround time of five business days, with expedited options available for urgent submissions. Clients will also have access to real-time tracking to monitor the progress of their reports.

SIG is scheduled to make its first public appearance at this year’s GemGenève in May, where it will provide on-the-spot gemological services for exhibitors, offering a preview of its workflow and capabilities.

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AI gains ground in gemstone grading

SIG’s launch comes as artificial intelligence continues to gain traction across the gemology sector, where labs are increasingly integrating data-driven tools into traditional workflows.

Several established laboratories have started using advanced digital systems in their workflows. Switzerland-based Gübelin Gem Lab, for example, introduced its “Gemtelligence” platform, which applies deep learning models trained on decades of gemstone data to assist with origin determination and treatment analysis while improving consistency.

Recent commentary from trade bodies indicates that these technologies are beginning to change how gemstones are identified and graded. The shift is also influencing day-to-day laboratory processes and shaping buyer confidence in certification standards.

At the same time, machine learning tools are being used to analyse spectroscopic data and high-resolution imagery. These systems can detect treatments, classify stones, and support grading decisions with a level of uniformity that remains difficult to achieve through manual assessment alone.

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Against this backdrop, SIG’s use of its “SIG-AI Assistance” platform positions it within a growing segment of labs seeking to combine human expertise with algorithmic analysis to improve reliability and turnaround times in gemstone reporting.

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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James Wynn’s Account Drops to $900 After Latest Bitcoin Liquidation on Hyperliquid

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James Wynn, one of crypto’s most closely tracked traders, has been liquidated after shorting Bitcoin (BTC) on decentralized exchange Hyperliquid. On-chain intelligence firm Arkham Intelligence confirmed the wipeout.

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The liquidation left Wynn’s account at just over $900, with a loss of $20 million according to HypurrScan data

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“In just the past 2 weeks, he has been liquidated 6 times!,” blockchain analytics firm Lookonchain added.

Wynn had warned traders over the weekend that conditions across markets would worsen before improving. He outlined his multi-asset defensive strategy, which included shorting both the S&P 500 and the Nasdaq, going long on WTI crude oil, and selectively buying BTC dips with spot capital.

The trader’s bearish positioning coincided with heightened geopolitical tensions around the Strait of Hormuz and oil prices hovering above $100 per barrel. However, Bitcoin moved sharply against his short.

BTC climbed 3% over the past 24 hours. Earlier today, the cryptocurrency surged to an intra-day high of over $70,000, its highest level in more than a week. BeInCrypto Markets data showed that at press time, it traded at $69,133.

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Bitcoin (BTC) Price Performance.
Bitcoin (BTC) Price Performance. Source: BeInCrypto Markets

BeInCrypto reported that the rally was driven by a derivatives-led short squeeze that liquidated roughly $196 million in short positions across the market. The total crypto market capitalization recovered to $2.35 trillion on April 6, adding approximately $89 billion from the $2.27 trillion low hit on April 5.

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Stock Futures Climb as Iran-US Ceasefire Hopes Calm Investor Nerves

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E-Mini S&P 500 Jun 26 (ES=F)

TLDR

  • Futures for the S&P 500 climbed 0.4% while Nasdaq 100 futures advanced 0.6% during Monday trading
  • Diplomatic negotiations between Washington and Tehran, with Pakistan serving as mediator, boosted investor confidence
  • President Trump extended his Iran ultimatum to Tuesday at 8:00 PM Eastern, warning of strikes on electrical infrastructure
  • The critical Strait of Hormuz shipping channel continues to operate at minimal capacity, impacting approximately 20% of worldwide petroleum transport
  • Crude prices retreated following ceasefire news, with Brent declining roughly 1.6% to settle near $107 per barrel

Wall Street futures posted solid gains Monday following emerging reports of potential diplomatic progress between Washington and Tehran. The positive movement arrived after a weekend marked by military escalation and aggressive rhetoric from the White House.

The S&P 500 futures contract advanced approximately 0.4%. Nasdaq 100 futures climbed 0.6%. The Dow Jones Industrial Average futures showed more modest growth at 0.1%.

E-Mini S&P 500 Jun 26 (ES=F)
E-Mini S&P 500 Jun 26 (ES=F)

Equity markets experienced brief volatility overnight following fresh warnings from President Trump directed at Iran. However, sentiment improved as news of diplomatic channels emerged.

According to Reuters, both Washington and Tehran have been presented with a preliminary ceasefire framework brokered by Pakistani officials. The framework reportedly calls for an immediate cessation of hostile actions. To date, neither government has publicly acknowledged or endorsed the terms.

In parallel negotiations, American officials alongside regional intermediaries are advocating for an extended 45-day truce that could potentially conclude hostilities permanently. Sources close to the discussions caution that prospects for success remain uncertain.

President Trump’s initial 10-day ultimatum to Iran reached its expiration Monday. However, Trump announced a postponement via social media, declaring the revised deadline as “Tuesday, 8:00 P.M. Eastern Time.” In comments to the Wall Street Journal, he warned that American forces would target Iran’s entire electrical grid if the Strait of Hormuz shipping lane remains blocked beyond that timeframe.

Crude Markets Retreat on Diplomatic Progress

The strategically vital Strait of Hormuz, a waterway that typically facilitates approximately 20% of global petroleum shipments, remains severely restricted to commercial tanker traffic. This ongoing blockade has sustained upward pressure on oil prices throughout recent trading sessions.

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Crude futures had surged nearly 3% at Sunday evening’s market opening. However, prices reversed course following the ceasefire developments. Brent crude retreated approximately 1.6% to trade around $107 per barrel. West Texas Intermediate declined roughly 2% to approximately $109.

A noteworthy market anomaly emerged: WTI pricing exceeded Brent levels, an uncommon occurrence. Market analysts attribute this inversion to contract timing discrepancies, with WTI still trading May delivery contracts while Brent has transitioned to June settlements.

Researchers at Gavekal Research suggest Iran may be leveraging its control over the strait to extract substantial passage fees from vessels. They characterize this as an emerging revenue strategy for Tehran.

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Gold appreciated 0.9% to approximately $4,720 per ounce during Monday’s session. The benchmark 10-year US Treasury yield edged higher to 4.362%.

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American military forces successfully extracted a US aviator who had been detained inside Iranian territory over the weekend. Iranian forces continued launching missiles and unmanned aerial vehicles toward Gulf nations and Israel through Monday morning.

The geopolitical landscape remains uncertain, with Tuesday evening’s deadline representing the next critical juncture for both financial markets and international diplomacy.

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Crypto World

Bitcoin Metric Eyes Repeat of Bull Cross That Sparked $25,000 Gains in 2025

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Bitcoin Metric Eyes Repeat of Bull Cross That Sparked $25,000 Gains in 2025

Bitcoin (BTC) faces a fresh showdown this week as macro tensions contrast with a bullish BTC price trend reversal.

  • A classic BTC price metric is above to flip bullish for the first time in nearly a year — last time, price gained $25,000 in two months.

  • Short time frames see liquidations as “aggressive” traders pile in at $70,000.

  • Iran war tensions are at breaking point as US President Donald Trump’s “Bridge Day” deadline nears.

  • US inflation data will come thick and fast as the war begins to reflect in the numbers.

  • The Bitcoin bear flag stays in play, with analysis warning that new lows are “likely just a matter of time.”

MACD indicator teases key bullish cross

On longer time frames, the weekly chart has become a source of hope for Bitcoin bulls this week.

The weekly close reclaimed the 200-week exponential moving average (EMA) trend line, but more than that, a classic BTC price metric is about to produce a key bull signal.

On a weekly basis, the moving average convergence/divergence (MACD) hinted that Bitcoin’s latest downtrend is in the process of reversing.

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“​​Holding this level is crucial for the entire Crypto industry,” X commentator Crypto Seth argued on Monday, noting that Ether (ETH) was also due an MACD cross.

BTC/USD one-week chart with MACD data, 200 EMA. Source: Cointelegraph/TradingView

Bitcoin’s last bullish weekly MACD flip occurred in May 2025, around one month after BTC/USD put in its 2025 low near $74,500. Over the following two months, price went from $94,000 to $119,000, setting new all-time highs.

Continuing on the phenomenon, X trading resource GalaxyTrading flagged key MACD comparisons across Bitcoin’s past two bear markets.

“In the 2018 bear market, it took around 245 days for the weekly MACD to turn positive,” it noted. 

“In 2022, it also took 245 days to turn bullish. In 2026, we will reach 245 days by the end of April.”

BTC/USD MACD data. Source: GalaxyTrading/X

Liquidations spike as Bitcoin tags $70,000

Bitcoin managed a trip beyond $70,000 after the weekly close, data from TradingView confirms, reaching new April highs.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

While some traders remained skeptical over pre-market price action, the close itself was notable, bringing back both the 200-week EMA and old 2021 all-time high as potential support.

As Cointelegraph reported, both levels have courted suspicion over their reliability.

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The move to the local highs caught short positions off guard, with total crypto liquidations passing $250 million over the 24 hours to the time of writing, per data from CoinGlass.

In his latest analysis, trader CrypNuevo continued to eye longs closer to $64,000 for a potential liquidity hunt to the downside.

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“There are some HTF liquidations between $64k-$64.5k. This adds fuel a move lower. I don’t see conclusive data on LTF liquidations,” he commented in an X thread on Sunday.

Crypto liquidation history (screenshot). Source: CoinGlass

In one of its “QuickTake” blog posts, onchain analytics platform CryptoQuant flagged the return of “aggressive short-term positioning” — spikes in both cumulative net taker volume and open interest on Binance.

This matters because Bitcoin’s move is being driven not only by price strength, “but also by renewed speculative participation in derivatives,” contributor Amr Taha commented. 

“In simple terms, traders are becoming more willing to add fresh exposure as BTC pushes higher. If this trend continues, it could reinforce short-term momentum.”

Bitcoin open interest change by exchange (screenshot). Source: CryptoQuant

Trump’s Iran “Bridge Day” puts markets on edge

A combination of geopolitics and key US inflation data makes for a week of “extreme volatility,” analysis predicts.

The US-Israel and Iran war continues to guide market sentiment, and oil prices reflect the uncertainty over the fate of key issues such as the partial closure of the Strait of Hormuz. WTI crude oil started the week with a trip above $115 per barrel.

Traders are now eyeing one deadline in particular when it comes to how the conflict might play out: Tuesday, 8pm Eastern time. This is when US President Donald Trump promises major infrastructure strikes if no deal with Iran is reached.

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In a post on Truth Social at the weekend, Trump appeared particularly impatient, calling the day of the deadline “Power Plant Day” and “Bridge Day” while demanding that Hormuz reopen.

Source: Truth Social

Headlines remain mixed, however, with talk of a 45-day ceasefire now a focus.

“This is being described as a ‘last-ditch effort’ to prevent ‘massive strikes on Iranian civilian infrastructure,’” trading resource The Kobeissi Letter reported on X.

Kobeissi noted that S&P 500 futures “erased all losses” on the news, underscoring risk-asset vulnerability to war-related triggers. As Cointelegraph reported, Bitcoin remains no exception.

S&P 500 futures one-hour chart. Source: Cointelegraph/TradingView

Last week, macro investor and former hedge fund manager James Lavish nonetheless said that markets were pricing in odds of the war ending sooner rather than later.

A potential drawdown for BTC price action should markets experience a “black swan” event, he told Cointelegraph, could be up to 20%.  

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Risk assets face two major US inflation prints

Markets will thus be juggling war shocks and inflation data concurrently this week, with multiple US prints due.

Among them is the Personal Consumption Expenditures (PCE) Index, known as the Federal Reserve’s “preferred” inflation gauge.

February’s PCE release matched market expectations, but did not reflect inflation trends after the war had started.

“Following the jump in oil prices and potential spillover impact from fertilizer shortages on food prices, challenges around the inflation outlook still poses a major risk,” trading resource Mosaic Asset Company summarized in the latest edition of its regular newsletter, “The Market Mosaic.”

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US PCE % change (screenshot). Source: Bureau of Economic Analysis

That risk also applies to the week’s last and arguably most important inflation number: the Consumer Price Index (CPI).

Here, the oil-price jump is especially pertinent, thanks to its direct impact on CPI inflation trends.

“Oil prices are now crossing above $115/barrel in the US. As a result, our models indicate that if current levels are sustained another ~7 weeks, US CPI inflation will rise to ~3.7%,” Kobeissi commented.

Kobeissi said that its “base case” for CPI inflation was now 3% — considerably higher than the Fed’s target.

US CPI 12-month % change. Source: Bureau of Labor Statistics

Like PCE, the most recent CPI print was flat, helping temper the impact of previous overshoots.

The latest data from CME Group’s FedWatch Tool meanwhile shows practically no chance of the Fed either raising or lowering interest-rates at its next meeting at the end of April.

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Fed target rate probabilities for April FOMC meeting (screenshot). Source: CME Group

New lows “just a matter of time?”

As macro events play out, Bitcoin still has a specific cloud hanging over it that traders fear will only lead price downward.

Related: Bitcoin ‘done’ with 85% crashes, says Cathie Wood amid new $34K target

BTC/USD continues to battle for support at the bottom of its second bear flag of 2026. The first, which appeared in January, resulted in a drop of roughly $25,000.

“Structurally, $BTC price action is still nearly identical to the prior bear flag structure,” Keith Alan, cofounder of trading resource Material Indicators, warned last week. 

“Nothing says that it has to continue to mimic that price behavior, but I’m following it like roadmap until price deviates from that path.”

BTC/USD one-day chart. Source: Keith Alan/X

When it comes to new lows, Cointelegraph reported on broad consensus that February’s downside wick below $60,000 will be revisited. 

“When that breakdown eventually happens, watch the behavior closely. If price starts repeatedly sweeping the lows, making it psychologically difficult to enter longs, that’s when a true bottom is more likely forming,” pseudonymous trader LP told X followers this weekend.

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LP said that new lows were “likely just a matter of time.”

BTC price comparison. Source: LP/X

Alan, meanwhile, eyed a trip to the mid-$40,000 range as part of a “measured move” below bear-flag support.

“Expecting to test resistance in the $67k – $69k range before the next leg down,” he wrote while discussing the topic on X. 

“End to the war or a really strong Q2 Open could invalidate the bear flag and challenge resistance at the MACRO structure.”