North Korean-linked operators have spent years quietly integrating into crypto firms and DeFi teams, raising fresh concerns about insider risk after a string of high-value exploits tied to the country’s cyber apparatus.

Security researcher and MetaMask developer Taylor Monahan said these tactics stretch back to the early days of decentralized finance, with individuals tied to the Democratic People’s Republic of Korea contributing to several widely used protocols. 

“Lots of DPRK IT workers built the protocols you know and love, all the way back to DeFi summer,” she said on Sunday, adding that more than 40 platforms, including several well-known projects, have at some point relied on such developers.

However, she noted that the “seven years of blockchain dev experience” listed on their resumes is “not a lie.”

Investigators have long tied North Korea’s cyber operations to the Lazarus Group, a state-backed collective believed to have stolen around $7 billion in digital assets since 2017, according to R3ACH analysts. 

The group has been associated with some of the industry’s largest breaches, including the $625 million Ronin Bridge exploit in 2022, the $235 million WazirX hack in 2024, and the $1.4 billion Bybit incident in 2025.

Last week’s $280 million exploit of Drift Protocol has drawn renewed scrutiny. The project said it had “medium-high confidence” that a North Korean state-affiliated group was behind the attack, linking the incident to a wider pattern of infiltration and social engineering.

However, the face-to-face meetings that led up to the breach were not with North Korean nationals, but rather “third party intermediaries” using “fully constructed identities including employment histories, public facing credentials, and professional networks.”

These profiles included employment histories, public credentials, and active professional networks, allowing them to build trust through in-person interactions before the exploit unfolded.

Independent blockchain investigator ZachXBT has warned in a recent X post that not all threats tied to North Korea operate at the same level of sophistication.

“The main issue is that everyone groups them all together when the complexity of threats is different,” he said.

He described many infiltration attempts as relatively simple, relying on persistence rather than technical complexity. Outreach through job postings, LinkedIn, email, Zoom calls, and interview processes remains common. 

“Basic and in no way sophisticated […] the only thing about it is they’re relentless,” he said, adding that teams continuing to fall for such tactics in 2026 risk being seen as negligent.

Inflation returns to the center of attention this week, with a fresh inflow of data likely to shape expectations for U.S. interest rates and risk assets like bitcoin BTC$68,962.67.

Thursday’s U.S. core PCE reading for February and Friday’s March CPI release will test the view that the Federal Reserve can afford to wait before cutting rates. Earlier this year, rate cuts looked almost certain. That has shifted. On Polymarket, odds of no rate cuts in 2026 climbed from about 2.9% in mid-January to 35.9%.

André Dragosch, head of research at Bitwise Europe, said on social media that bitcoin has been “pricing in a (U.S.) recession already” and has acted as a “canary in the coal mine,” falling below signals from financial conditions and forward-looking indicators.

Recent data complicates that view. The ISM Manufacturing Index surprised to the upside in March, suggesting the U.S. economy may be more resilient to higher oil prices than in past cycles.

Following the release, market-based recession odds for this year dropped from around 37% to 28%.

As bitcoin has priced in a storm, Dragosch noted that the risk-reward ratio for bitcoin “is significantly skewed to the upside.” Still, an unexpected escalation in the war in the Middle East could bring about the priced-in storm.

What to Watch

(All times ET)

• Crypto
  • April 6, 12 p.m.: DeFi Dev Corp. (DFDV) to host a March 2026 recap and Ask Me Anything (AMA) session on X Spaces.
  • April 8: Stellar’s Yardstick protocol stable release to become available.
  • April 9: Aerodrome’s Flight School to conclude and merge with the Public Goods Fund to form the Momentum Fund.
  • April 9: Binance to migrate all DAI functionality to USDS.
• Macro
  • April 6, 09:00 a.m.: U.S. ISM Services PMI for March est. 55 (Prev. 56.1)
  • April 7, 07:15 a.m.: U.S. ADP Employment Change Weekly (est. 10K)
  • April 7, 7:30 a.m.: U.S. Durable Goods Orders MoM for February est 04% (Prev. 0%)
  • April 7, 11:35 a.m.: Chicago Fed President and CEO Austan Goolsbee to participate in a conversation on economic and monetary policy.
  • April 8, 4:00 a.m.: Euro Area PPI YoY for February est. -1.9% (Prev. -2.1%); MoM est. 0.5% (Prev. 0.7%)
  • April 8, 1:00 p.m.: FOMC minutes from the March 17–18 meeting release.
  • April 9, 7:30 a.m.: U.S. Core PCE Price Index MoM for February est. 0.4% (Prev. 0.4%);
  • April 9, 7:30 a.m.: U.S. Personal Income MoM for February est. 0.3% (Prev. 0.4%); Personal Spending MoM est. 0.5% (Prev. 0.4%)
  • April 9, 7:30 a.m.: U.S. Q4 GDP Growth Rate QoQ (final) est. 0.7% (Prev. 4.4%)
  • April 9, 7:30 a.m.: U.S. Initial Jobless Claims for week ending April 4 est. 200K (Prev. 202K)
  • April 9, 8:30 p.m.: China CPI YoY for March est. 1.2% (Prev. 1.3%) ;MoM (Prev. 1%)
  • April 9, 8:30 p.m.: China PPi YoY for March est. 0.4% (Prev. -0.9%)
  • April 10, 7:30 a.m.: Canada Unemployment Rate for March (Prev. 6.7%)
  • April 10, 7:30 a.m.: U.S. CPI MoM for March est. 0.9% (Prev. 0.3%); Core CPI MoM est. 0.3% (Prev. 0.2%)
  • April 10, 7:30 a.m.: U.S. CPI YoY for March est. 3.4% (Prev. 2.4%); Core CPI YoY est. 2.7% (Prev. 2.5%)
  • April 10, 10:00 a.m.: U.S. University of Michigan Consumer Sentiment (Preliminary April) est. 52.5 (Prev. 53.3)
• Earnings (Estimates based on FactSet data)

Token Events

• Governance votes & calls
  • April 7: Kamino and xStocks to host an X Spaces session on tokenization.
  • Aave DAO is voting to adjust oracle configurations, reduce liquidation thresholds, and modify interest-rate models across its V2 markets to support their continued deprecation. Voting ends April 6.
  • Decentraland DAO is voting to require the DAO Council and Regenesis Labs to formally publish a 2030 definition of success and contingency plan. The proposal currently has support from voters. Voting ends April 6.
  • Balancer DAO is voting across two linked proposals to restructure operations with a reduced team and budget, and to revamp tokenomics by halting BAL emissions, discontinuing veBAL, routing all fees to the treasury, and offering a token buyback. Voting ends April 7.
  • CoW DAO is voting 85 to fix its solver rewards budget at 50% of protocol revenue, splitting it between performance and new consistency rewards. The proposal has overwhelming support and ends April 7.
  • ShapeShift DAO is voting to cut DFC compensation, saving ~$24k/year in FOX. It clarifies roles and mandates annual renewals. Voting ends April 8.
  • Arbitrum DAO is voting across two proposals to amend its Audit Program with a flexible alignment framework and an AI-security scan pilot, and to transfer 6,000 ETH and idle stablecoins to the Treasury Management Portfolio for yield generation. Voting ends April 9.
• Unlocks
  • April 6: Hyperliquid (HYPE) to unlock 0.14% of its circulating supply worth $11.94 million.
  • April 8: Stable (STABLE) to unlock 4.14% of its circulating value worth $23.97 million.
  • April 9: Aptos APT$0.8520 to unlock 0.68% of its circulating supply worth $9.56 million.
• Token Launches
  • April 9: OneFootball (OFC) token generation event to occur.

Conferences

Key Highlights

• Bitcoin declined roughly 1.5% over the past week while the S&P 500 plummeted approximately 10% in just two days
• Charles Schwab announces plans to offer direct spot Bitcoin and Ethereum trading by H1 2026
• BitMEX co-founder Arthur Hayes forecasts Bitcoin may drop under $60,000 before climbing to $250,000
• A technical analyst projects potential Bitcoin collapse to $12,000–$13,000 range by mid-2027
• Historical data reveals Bitcoin typically outperforms both gold and S&P 500 within 60 days following major crises

Bitcoin experienced significantly less volatility than traditional equities this past week. As the S&P 500 tumbled approximately 10% over a two-day period, Bitcoin’s decline stayed modest at around 1.5%. This divergence has prompted some market participants to reassess cryptocurrency’s role in their portfolios.

The equity selloff was triggered by President Trump’s tariff policy announcements, which sent shockwaves through international financial markets. Throughout the turbulence, Bitcoin maintained support above the $66,000 level, later climbing back toward $67,300 even as stock indices continued their descent.

Charles Schwab, overseeing approximately $12 trillion in client assets, revealed plans to introduce direct spot trading for Bitcoin and Ethereum. The forthcoming “Schwab Crypto” account is slated to debut during the first six months of 2026.

This offering differs fundamentally from exchange-traded fund products. Users will gain the ability to manage cryptocurrency holdings alongside their traditional stock and bond portfolios within a single unified account.

Robinhood’s CEO Vlad Tenev also captured attention this week by describing market closing times as “a legacy design choice” and suggesting that tokenization could transform markets to function more similarly to internet infrastructure.

Hayes Advises Caution Until Fed Action

Arthur Hayes, who co-founded BitMEX and serves as Chief Investment Officer at Maelstrom, expressed a cautious stance on current market conditions. During an appearance on the Coin Stories podcast, he stated he wouldn’t allocate his final investment dollar to Bitcoin at present.

His rationale centers on the Federal Reserve’s current liquidity stance. Hayes contends that tariff policies will ultimately generate sufficient voter backlash to force the United States toward implementing capital controls as an alternative approach.

Such capital controls, according to his analysis, would serve as a significant driver for Bitcoin adoption. He maintains ambitious long-term price projections ranging from $250,000 to $750,000 for Bitcoin before this market cycle concludes.

However, he cautioned that an extended military confrontation between the U.S. and Iran might temporarily drive Bitcoin beneath the $60,000 threshold. Hayes additionally identified artificial intelligence-driven workforce displacement as another risk factor that could trigger a deflationary credit contraction.

Historical Performance Analysis

Analysis conducted by Mercado Bitcoin examined the 60-day aftermath of significant global disruptions, encompassing previous tariff wars and the COVID-19 pandemic outbreak. Their findings indicate Bitcoin repeatedly delivered superior returns compared to both gold and the S&P 500 during these recovery windows.

Bitcoin typically experiences initial selling pressure during crisis events as market participants shift toward cash positions. Yet historical patterns demonstrate it has recovered more rapidly and aggressively than conventional asset classes.

Not all market observers anticipate an imminent price floor. A technical analyst operating under the pseudonym King of the Charts anticipates Bitcoin establishing a bottom between $51,000 and $53,000, followed by an 80% to 90% correction down to approximately $12,000 by the middle of 2027.

The Crypto Fear and Greed Index has remained anchored in “Extreme Fear” territory for multiple weeks, with measurements approaching single-digit levels.

In a separate conversation with David Lin, Hayes emphasized that straightforward Bitcoin acquisition represents the optimal strategy for protecting against fiat currency devaluation, particularly given the increasing complexity of equity selection.

The Schwab cryptocurrency platform remains on schedule for its first-half 2026 launch.

Tech giant Apple removed Bitchat, a decentralized peer-to-peer messaging app developed by Block CEO Jack Dorsey, from its China App Store at the request of Beijing’s internet regulator, Dorsey disclosed in an X post on Sunday.

The Cyberspace Administration of China argued the app violated regulations governing online services with “public opinion or social mobilization capabilities,” a provision that requires security assessments before launch.

Apple’s app review team told Dorsey that both the App Store listing and the TestFlight beta version would no longer be available in China, though the app remains accessible in other countries.

Bitchat runs entirely over Bluetooth and mesh networks with no internet connection required, a design that makes it functionally impossible for governments to block through conventional internet shutdowns or firewall filtering.

That architecture has made it a tool of choice during recent protests in Madagascar, Uganda, Nepal, Indonesia, and Iran, where authorities attempted to restrict internet access to curb dissent.

The app has been downloaded more than three million times across platforms, with over 92,000 downloads in the past week alone, though regional breakdowns are not available. The Google Play Store shows more than one million registered downloads separately.

Rwanda’s central bank has reiterated that cryptocurrency activity tied to the local currency remains prohibited, responding swiftly after crypto exchange Bybit introduced support for the Rwandan franc on its peer-to-peer marketplace.

In a statement posted to X on Sunday, the National Bank of Rwanda (NBR) made clear that crypto-assets are not permitted for payments, conversions involving the franc, or P2P trading under the current regulatory framework. 

Authorities also cautioned residents against engaging with such services, warning of “serious financial risks and no recourse in case of loss.”

The clarification followed an announcement from Bybit on Friday indicating that users could buy and sell digital assets using the Rwandan franc through its P2P platform. The move appeared to prompt an immediate response from regulators, who emphasized that the franc remains the country’s only recognized legal tender. Financial institutions licensed by the NBR are also barred from facilitating conversions between FRW and crypto-assets. 

ByBit has yet to issue an official statement as of press time.

Rwanda has kept a strict stance on crypto since 2018, with policymakers focusing on protecting the financial system and supporting the local currency.

At the same time, the country has been working on a state-backed digital currency, the e-franc rwandais, which is still in the proof-of-concept stage and may move to pilot testing.

Meanwhile, Rwanda’s Capital Market Authority has put forward a draft framework to support “responsible innovation” in the crypto sector.

The proposal sets clear limits, including a ban on using crypto as legal tender, restrictions on mining and mixer services, and controls on tokens linked to the franc.

Data from Chainalysis places Rwanda among lower-ranking countries in crypto usage across 2024 and 2025, with transaction volumes trailing far behind regional peers such as Nigeria and South Africa.

Bybit continues expanding offerings

Despite the regulatory pushback, Bybit has continued expanding its product offerings globally. 

As previously reported by crypto.news, the exchange has recently leaned into strategies designed to attract users during uncertain market conditions, including a stronger focus on stablecoin yield products and fixed-income-style instruments. Bybit plans to roll out up to $10 million in stablecoin-backed opportunities.

Gold price rallied above $4,750 before correcting lower. Crude oil prices are rising and could climb further higher toward $110.00.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

· Gold price gained pace for a move toward $4,800 and recently corrected lower against the US Dollar.

· A key bullish trend line is forming with support at $4,630 on the hourly chart of gold at FXOpen.

· WTI Crude oil prices are moving higher above the $100.00 resistance zone.

· There was a break above a bearish trend line with resistance at $97.00 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price was able to climb above $4,500. The price even surpassed $4,750 before the bears appeared.

The price traded close to $4,800 before there was a downside correction. There was a move below $4,750 and $4,700. The price settled below the 50-hour simple moving average, and RSI dipped below 50. There was a move below the 38.2% Fib retracement level of the upward move from the $4,351 swing low to the $4,800 high.

However, the bulls are active above $4,575 and the 50% Fib retracement. There is also a key bullish trend line forming with support at $4,630.

Immediate hurdle on the upside is $4,695 and the 50-hour simple moving average. The next major breakout level is $4,750. An upside break above $4,750 could send Gold price toward $4,800. Any more gains may perhaps set the pace for an increase toward $4,880.

If there is no fresh increase, the price could continue to move down. Initial support on the downside is near $4,630 and the trend line. The first key breakdown zone could be $4,520. If there is a downside break below $4,520, the price might decline further. In the stated case, the price might drop to $4,350.

WTI Crude Oil Price Technical Analysis

On the hourly chart of WTI Crude Oil at FXOpen, the price started a steady increase against the US Dollar. The price gained bullish momentum after it settled above $96.40.

The bulls pushed the price above the 50-hour simple moving average, and the RSI climbed toward 75. Besides, there was a break above a bearish trend line with resistance at $97.00. The price tested the $105.85 zone and is currently consolidating gains.

There was a minor pullback below $103 and the 23.6% Fib retracement level of the upward move from the $92.78 swing low to the $105.86 low.

If there is a fresh increase, the price could struggle near $105.85. A close above $106.85 could send the price toward $108. The next key area of interest might be $110. Any more gains might send the price toward $112.

Conversely, the price might correct gains and test $100.85. The main bid area on the WTI crude oil chart could be $99.30, the 50% Fib retracement level, and the 50-hour simple moving average. If there is a downside break, the price might decline toward $96.40. Any more losses may perhaps open the doors for a move to $92.80.

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