Crypto World
Coinbase Introduces Two AI Agents to Assist Workers
Coinbase CEO Brian Armstrong said the company has started testing AI agents on Slack and email to assist employees with work tasks, continuing the company’s efforts to embed AI into its workflows.
In a post to X on Saturday, Armstrong said the company has already deployed two AI agents, modeled after two former executives, speculating that AI agents could eventually outnumber human employees at the crypto exchange.
“Soon, it will be easy for any employee to spin up a new agent for themselves or their team. I suspect we will have more agents than human employees at some point soon.”
Major tech companies have laid off thousands of employees this year as they increased their reliance on AI. Armstrong has been pushing for AI to automate more workflows at Coinbase, stating in September that he wants more than 50% of the company’s code to be written by AI.
A month before, Coinbase said one of its biggest focuses is to transform its more than 4,000-member workforce into “AI-Natives.”
Coinbase introduces AI agents Fred and Balaji
One of the AI agents is Fred, named after Coinbase co-founder Fred Ehrsam. Fred will serve as the company’s “strategic executive agent,” assisting Coinbase workers with strategic clarity and priority alignment while offering executive-level feedback.
The other is Balaji, the agent of chaos and creativity who was modeled after Coinbase’s former chief technology officer, Balaji Srinivasan.
Balaji has been brought in to challenge assumptions and assist Coinbase employees with thinking outside the box in an effort to “spark innovation.”
Coinbase has also contributed to the agentic AI wave, having launched the x402 protocol for agentic AI payments on crypto and fiat rails in May 2025.
AI agents tipped to play a big role in crypto
The move comes amid a broad industry belief that AI agents could become the dominant users of blockchain payments in the coming years.
Related: How AI agents can reshape arbitrage in prediction markets
Earlier this month, Armstrong predicted there will be “more AI agents transacting online than humans very soon,” echoing comments from Circle CEO Jeremy Allaire in January that “literally billions of AI agents” will be transacting onchain in three to five years.
Former Binance CEO Changpeng Zhao also said in January that crypto is the “native currency for AI agents,” which will handle everything from buying tickets to paying bills without credit cards.
Magazine: AI agents will kill the web as we know it: Animoca’s Yat Siu
Key Points
- The Chinese technology firm Huawei has entered a strategic partnership with Vietnam’s SHB bank this past weekend
- The collaboration encompasses technology infrastructure design and comprehensive data platform construction
- Security and operational stability for banking systems form core components of the agreement
- This partnership joins existing Huawei collaborations with SCB, SeABank, and Home Credit across Vietnam
- Huawei secured major contracts in 2024 for Vietnam’s 5G infrastructure development
The Chinese technology conglomerate Huawei Technologies Group has formalized a strategic partnership with SHB, a prominent Vietnamese banking institution, signaling the company’s accelerating expansion throughout Vietnam’s financial landscape.
SHB publicly disclosed the partnership on Sunday. According to the arrangement, Huawei will provide expertise in crafting the bank’s technological framework and establishing robust data infrastructure. The agreement additionally ensures that SHB’s operational systems maintain consistent reliability and comprehensive security.
“The cooperation with SHB is an important milestone in the group’s market expansion in Vietnam,” said Spawn Fan, a senior Huawei executive, in the bank’s statement.
This isn’t Huawei’s inaugural venture into Vietnam’s banking industry. The technology powerhouse maintains established partnerships with multiple financial institutions including SCB, SeABank, and Home Credit, spanning initiatives in digital transformation, security protocols, data intelligence, cloud infrastructure, and banking platform optimization.
Strategic Expansion in Southeast Asia
The newly announced SHB collaboration strengthens Huawei’s increasingly substantial position within one of Southeast Asia’s most dynamic and rapidly expanding markets. Vietnamese financial institutions have aggressively prioritized digital infrastructure modernization, creating opportunities that Huawei has strategically pursued.
Huawei’s expanding influence in Vietnam represents a significant shift from previous policy positions. Until quite recently, Vietnamese authorities maintained strict restrictions preventing Chinese corporations from participating in the nation’s 5G telecommunications infrastructure.
This policy underwent a dramatic reversal in 2024 when Huawei successfully secured multiple contracts to develop significant portions of Vietnam’s 5G network. The current SHB partnership reflects a continuation of this evolving relationship — demonstrating strengthening connections between Vietnamese organizations and Huawei spanning both telecommunications and financial technology sectors.
Partnership Scope and Implementation
SHB ranks among Vietnam’s most significant privately-owned commercial banking institutions. The comprehensive partnership with Huawei encompasses multiple critical domains: architectural design for technology infrastructure, comprehensive data platform construction, and continuous operational assistance ensuring system stability and security.
These initiatives represent substantial commitments. Constructing data platforms and architectural frameworks for commercial banking operations requires extensive integration with fundamental banking technology systems.
According to statements from the Vietnam Banks Association, Huawei’s activities throughout Vietnam’s financial industry concentrate on digital transformation initiatives, cybersecurity enhancement, advanced data analytics, cloud computing solutions, and banking operational efficiency — capabilities that align directly with the SHB partnership framework.
The 5G infrastructure contracts Huawei won in 2024 marked a fundamental policy transformation from Vietnamese government authorities. This strategic pivot created pathways for expanded collaboration, with the SHB agreement representing one of the most substantial manifestations of this revised approach.
Spawn Fan, the Huawei representative referenced in SHB’s official announcement, characterized the partnership as a significant achievement — not solely for SHB’s technological advancement, but for Huawei’s comprehensive Vietnam market strategy.
The Vietnam Banks Association has verified that Huawei’s current financial sector engagements include SCB, SeABank, and Home Credit, with the SHB partnership now expanding that portfolio.
Strategy co-founder Michael Saylor has stoked expectations of another large Bitcoin purchase just days after Strategy disclosed a roughly $1 billion buy in mid-April. The company revealed that between April 6 and 12 it acquired 13,927 BTC for about $1 billion, at an average price of $71,902 per coin. In a sign that Saylor may be signaling more activity, he posted on X with the message Think Even ₿igger, accompanied by a chart of Strategy’s purchase history—a pattern he has used in the past to hint at forthcoming buys, according to coverage of the episode.
In the same period, Strategy’s leadership publicly discussed a broader capital management move: paying its dividend more frequently, with a plan to double the cadence to semi-monthly payments. The intention, said Strategy CEO Phong Le, is to stabilize the STRC price, dampen cyclicality, improve liquidity, and expand demand for the stock. The stance comes as Strategy has prepared a preliminary proxy filing with the U.S. Securities and Exchange Commission; the definitive proxy is expected on April 28, with shareholder voting running through June 8 and potential implementation slated for mid-July if approved.
Key takeaways
- Strategy hints at another Bitcoin purchase after disclosing a $1 billion acquisition of 13,927 BTC in early April, with Saylor signaling via a post comparing Strategy’s past buys.
- The company is proposing to shift STRC dividend payments to a semi-monthly schedule (twice a month, on the 15th and month-end), aiming for 24 payments a year at an 11.5% yield.
- The move to semi-monthly dividends is framed as a way to stabilize price and liquidity, with Strategy describing it as a unique approach among preferred equities.
- Strategy holds the largest Bitcoin treasury among publicly traded companies, with 780,897 BTC worth about $58.2 billion, according to Bitbo data, and it has a habit of recurring weekly purchases.
- Despite the Bitcoin buys, the company reports significant unrealized losses on digital assets, totaling about $14.46 billion in its first-quarter results.
Strategy’s latest Bitcoin move and the social signal
The disclosed purchase of 13,927 BTC for roughly $1 billion occurred over a one-week window in April, at an average price near $71,902 per coin. The social signal accompanying the filing—Saylor’s “Think Even ₿igger” post with a chart of Strategy’s purchase history—has historically coincided with additional buying or hints of future transactions, a pattern analysts monitor as a potential short-term predictor of capital deployment. The development sits within a broader narrative of corporate Bitcoin treasury management where large hodlers weigh ongoing accretion against volatility and capital allocation priorities.
Dividend plan to stabilize price and liquidity
Le framed the dividend proposal as a mechanism to reduce price volatility and encourage steady demand for STRC. If approved, Strategy would pay semi-monthly dividends on the 15th and the last day of each month, totaling 24 payments per year at the current rate of 11.5%. Le noted that this cadence would position STRC as a highly distinctive instrument in the market, and the company has worked through multiple iterations to reach a viable schedule that accommodates NASDAQ’s rules on record and payment dates. Nasdaq-listed STRC would still need to comply with minimum gaps between record and payment dates—an issue the company acknowledged as an operational constraint.
The plan was detailed in an investor presentation linked to the proxy materials, with the preliminary filing submitted to the SEC and a definitive filing expected by April 28. If shareholders approve the proposal, the new semi-monthly schedule would take effect mid-July, subject to the usual regulatory and procedural approvals.
BTC treasury size, market backdrop, and investor reaction
Strategy’s balance sheet remains anchored in Bitcoin, with the company holding 780,897 BTC, the largest stash among publicly traded firms. Bitbo’s data places Strategy’s BTC holdings at approximately $58.2 billion in value, underscoring the scale of its treasury position. The stock market reaction to the ongoing program has been nuanced: Strategy’s shares (MSTR) rose by about 11.8% on a recent session to around $166.50, though they remain down roughly 47% over the past year. The dynamic underscores a complex investor calculus: large-scale BTC exposure paired with sensitive equity pricing and the potential impact of dividend policy changes.
On the accounting side, Strategy reported substantial unrealized losses on its digital asset holdings for the first quarter, tallying about $14.46 billion. The disclosures reflect the market’s swing in BTC prices and the accounting treatment for crypto holdings at scale, contributing to a broader conversation about risk management and liquidity needs for corporate treasuries tied to digital assets.
What to watch next
Investors will be keeping a close eye on the proxy process and whether the semi-monthly dividend plan gains shareholder approval. The timing of the next BTC purchase remains uncertain, but the social signaling by Saylor adds an element of anticipation around Strategy’s treasury strategy. As regulators and markets continue to refine frameworks for corporate crypto holdings and investor protections, Strategy’s moves could serve as a barometer for how publicly traded companies balance growth, income, and risk in a volatile asset class.
Sources and context for these developments were reported in coverage detailing Strategy’s recent Bitcoin purchases, the proposed dividend schedule, and the company’s regulatory filings. For reference, strategic data on Strategy’s Bitcoin holdings is tracked by market trackers such as Bitbo, and the proxy filing timeline aligns with the SEC’s typical review and voting windows.
Traditional banks could see their market dominance challenged by the rise of stablecoins and tokenized real-world assets as these digital currencies move beyond their current niche uses.
Summary
- Moody’s Investors Service suggests that the disruption risk for the banking sector remains limited at this stage because current U.S. rules prevent stablecoins from paying yield.
- The growth of tokenized real-world assets and stablecoins could eventually place pressure on traditional banks by causing deposit outflows and reducing their overall lending capacity.
Moody’s Investors Service Digital Economy Group associate vice president Abhi Srivastava told crypto media that stablecoin use remains “limited” for now, even though the sector’s market capitalization climbed past $300 billion by the end of last year.
While the role of these assets in cross-border commerce and on-chain finance is expanding, the existing US payment landscape is currently fast and trusted enough to keep disruption at bay.
Srivastava observed that “for the banking sector, at this stage, disruption risk appears limited,” largely because US rules prevent stablecoins from paying yield to holders.
According to him, domestic deposits are unlikely to be replaced at scale while these yield restrictions remain in place. However, long-term growth in stablecoins and tokenized RWAs—physical or financial assets represented by blockchain tokens—could eventually trigger deposit outflows.
Such a trend would reduce the lending capacity of traditional banks by placing “pressure” on their core business models, he added.
Legislative gridlock over yield and oversight
Regulatory policy regarding stablecoins has turned into a major point of contention between the crypto industry and the banking sector. The primary concern centers on yield-bearing stablecoins, which banks fear will directly compete for their customers.
This specific issue has become a major stumbling block for the Digital Asset Market Clarity Act of 2025, or the CLARITY Act.
The Digital Asset Market Clarity Act of 2025, or the CLARITY Act, has hit a wall in Congress as lawmakers struggle to balance the interests of the crypto industry with those of the bank lobby. The framework was designed to set clear rules for asset classification and regulatory oversight, but it stalled after major players like Coinbase voiced opposition to specific provisions.
The ban on yield-bearing stablecoins and a lack of legal safeguards for open-source developers remain the primary points of contention.
Banks have lobbied heavily against allowing stablecoins to offer interest, fearing such a move would trigger massive deposit outflows and sap their ability to provide loans. Srivastava warned that over time, the growth of tokenized RWAs—physical assets represented on a blockchain—could place significant “pressure” on traditional financial institutions.
Senator Thom Tillis of North Carolina recently signaled plans to introduce a compromise draft to bridge the gap between crypto firms and traditional banks. However, this updated proposal has already faced resistance and remains unreleased to the public.
Spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) drew $1.27 billion in combined net inflows during the week ending April 17. This marked their strongest week since mid-January.
Across the five major spot crypto ETF products, total weekly inflows reached roughly $1.37 billion, including XRP, Solana, and Chainlink funds, a near 40% jump from the prior week.
Crypto ETF Flows Rebound After Q1 Drawdown
Bitcoin ETFs pulled in $996.38 million, while Ethereum ETFs added $275.83 million, according to SoSoValue data. Both marked the largest weekly inflows since the week of January 16.
The rebound comes after a difficult first quarter. BTC ETF assets fell nearly 35% from their $128 billion mid-January high to $83.40 billion by February 27.
In addition, ETH ETF assets dropped 46% over the same period. Now, the inflow surge has pushed total Bitcoin ETF net assets back above $100 billion.
Moreover, the move extends a third straight week of positive BTC ETF flows and a second for Ethereum products.
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The recovery was not isolated to the two largest assets. XRP ETFs took in $55.39 million, nearly matching their 2026’s peak week in mid-January. Solana funds drew $35.17 million, reversing three consecutive weeks of outflows, while Chainlink ETFs added $5.30 million.
This marked the largest inflow outside its December launch week. Notably, LINK ETFs have not recorded a single week of net outflows.
Inflows picked up on the back of easing expectations around US–Iran tensions, but the backdrop remains fragile. Sentiment could come under renewed pressure after US naval forces fired on and seized an Iranian cargo ship in the Gulf of Oman, marking a clear escalation in the conflict.
At the same time, uncertainty surrounding Iran’s participation in the upcoming talks in Islamabad has added to market caution. Geopolitical developments, including the trajectory of negotiations and potential retaliation risks, are likely to remain a key driver of market sentiment in the near term.
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The post Crypto ETFs Haul $1.37 Billion in Biggest Week Since January 2026, Altcoins Join Rally appeared first on BeInCrypto.
Three altcoins are entering next week with fresh bullish setups on their daily charts. DeXe (DEXE) leads with a 63.8% weekly gain, while Ethena (ENA) and MemeCore (M) show technical breakouts that suggest follow-through upside.
Each chart shows a distinct setup. DEXE has cleared a key Fibonacci retracement with strong momentum, ENA has broken a multi-month downtrend line, and M is riding an exponential support curve above a confirmed breakout zone.
Altcoin to Watch: DeXe Leads the Week With a 64% Rally
DeXe (DEXE) is the strongest performer on this watchlist, up 63.8% over the last seven days. Nearly 10% of that gain came in the last two sessions, with price trading at $15.85 and sitting directly on the 0.618 Fibonacci retracement at $15.61.
The coin has already cleared the $12.50 to $13 resistance zone, a level flagged in prior DeXe coverage. That area now acts as the first support if buyers step back.
The next major target on the upside is the 0.786 retracement at $19.39. Above that level, the chart shows a final target at the 1.0 retracement near $24.20, which would mark a full recovery to the February 2025 high.
Moving Average Convergence Divergence (MACD) remains elevated and positively sloped, which continues to support momentum. However, the Relative Strength Index (RSI) has reached the upper band and is showing the first hints of bearish divergence, a shift that could signal cooling ahead.
Volume has been declining across the advance, a typical sign that the move lacks fresh participation. The uptrend could stall if new buyers do not step in at higher prices.
If momentum reverses, the first downside target is $13. The second support sits at $10.31, which is the 0.382 Fibonacci retracement and the line that would define a deeper correction.
Ethena Breaks a Multi-Month Downtrend Line
Ethena (ENA) has gained 27.1% over the past week, the second-strongest performer on this list. Price trades near $0.1162 after a short-term pullback on the day, yet the weekly structure remains constructive.
Three days ago, the price pushed above a descending trend line. That line had guided the full move from the November 11 high at $0.3603 into the April 5 low at $0.0765.
The Fibonacci retracement anchored from those two points places the first resistance at $0.1435, which is the 0.236 level. Price is consolidating just below that zone, which is marked in red on the chart.
A confirmed close above $0.1435 would open the 0.382 retracement at $0.1849 and the 0.5 retracement at $0.2184. The 0.618 retracement at $0.2519 remains the primary target for a larger breakout. That level would represent a 116% gain from current prices (green).
Volume has been rising on bullish candles, signaling stronger buyer participation. RSI has climbed out of oversold without reaching overbought, which leaves room for further upside. Other altcoins have shown similar recovery setups heading into April.
The final bullish target sits at $0.3603, the breakdown zone from November. That path is ambitious, yet the chart no longer prints fresh lower lows, and the break of the trend line is the first structural shift in months.
MemeCore Holds Breakout Support After a 24% Weekly Gain
MemeCore (M) posted a 24.2% gain over the last seven days, rounding out this week’s three altcoins. The token broke out of a multi-month resistance zone on April 16 and has since converted that zone into support.
That resistance had capped gains since September 17, 2025. It now sits between $2.80 and $3.00 on the daily chart, and a retest on April 19 confirmed the area as support.
An exponential curve drawn on the chart (black) continues to track the price from below. A break of that curve would be the first clear sign that the trend structure has shifted.
The most recent pullback tagged the 0.5 Fibonacci retracement, which sits inside the same support band. A deeper correction would shift attention to the 0.618 retracement near $2.54, the last defense for the bullish thesis. Prior MemeCore coverage tracked a similar breakout attempt earlier this cycle.
RSI shows no bearish divergence, and MACD remains constructive. Volume has been trending lower even as price extends, a divergence that suggests the rally needs fresh buyers to sustain the current pace.
The post 3 Altcoins to Watch in the 4th Week of April 2026 appeared first on BeInCrypto.
Key Takeaways
- A security breach affecting KelpDAO’s rsETH product on April 20 created cascading effects throughout Solana’s DeFi infrastructure
- Stablecoin lending platforms across the network have experienced dramatic spikes in utilization metrics
- Jupiter Lend currently shows 99% utilization with only $81 million remaining from its $421 million USDC reserves
- Both Kamino and Marginfi face severe liquidity constraints as borrowing rates exceed 8%
- The available capital for lending across Solana’s ecosystem has reached critically low levels
A security incident targeting KelpDAO’s rsETH infrastructure on April 20, 2026, has triggered widespread disruption across the Solana blockchain’s decentralized finance landscape.
The repercussions materialized quickly. Capital started evacuating from DeFi applications, creating a squeeze on stablecoin availability throughout Solana’s lending infrastructure. Multiple prominent platforms now operate with minimal reserves remaining.
Jupiter Lend faces particularly acute pressure. The protocol manages $421 million in total USDC deposits, of which $340 million has been distributed to borrowers. When factoring in mandatory reserve requirements, the platform operates at approximately 99% capacity. Current annual percentage yields for lenders stand at 4.36%.
Kamino Prime Market experiences similar stress conditions. Data indicates total USDC deposits of roughly $186.8 million against outstanding loans of $178.8 million. This configuration produces utilization approaching 96%, while lending yields have climbed to 8.92%.
Kamino’s Main Market exhibits comparable dynamics. The platform holds approximately $172 million in USDC deposits supporting $164 million in active loans. Utilization metrics hover around 95.75%, with lending returns reaching 10.2%.
Secondary Platforms Experience Significant Pressure
Marginfi data reveals USDC lending utilization at 88.32%, accompanied by lending yields of 7.65%. Save Finance, the rebranded iteration of Solend, has witnessed utilization climb beyond 70%, with corresponding lending rates at 3.9%.
These metrics demonstrate that liquidity stress extends well beyond flagship platforms. The pressure has permeated Solana’s entire lending infrastructure.
Elevated utilization percentages indicate extremely limited USDC availability for new borrowers. Users requiring access to capital face restricted options alongside escalating costs.
The constricted market conditions have additionally impacted derivative markets tracking Solana’s token valuation. Prediction markets estimating Solana above $150 during the April 13–19 window show only 0.4% probability on the affirmative side. These markets lack actual USDC trading volume, undermining their credibility as price signals.
Market Data Reveals Investor Sentiment
For April 16, certain prediction markets price Solana exceeding $100 at 100% certainty. However, with zero verifiable transaction volume supporting this figure, the indicator provides minimal analytical value.
Affirmative position shares betting on Solana reaching $150 by mid-April trade at merely 0.4 cents while offering $1 payouts upon correct resolution. This potential 250x multiplier underscores profound market doubt regarding imminent price appreciation.
The liquidity impact stemming from the KelpDAO security incident remains unresolved. Borrowing costs continue their upward trajectory as utilization persists at heightened levels throughout Solana’s primary lending protocols.
As of April 20, Kamino’s Main Market lending yield of 10.2% represents the peak rate documented among impacted platforms.
Strategy co-founder Michael Saylor has hinted at another large Bitcoin purchase, just a week after the company disclosed that it bought around $1 billion of Bitcoin in the second week of April.
Strategy disclosed last Monday that it acquired 13,927 Bitcoin for $1 billion between April 6 and 12, at an average price of $71,902 per coin, posting “Think ₿igger” the day before the filing.
However, Saylor posted “Think Even ₿igger” on X on Sunday along with a chart of Strategy’s purchase history, something he has historically done to hint at another purchase announcement.
It comes just days after the Bitcoin treasury company proposed to increase the frequency of dividend payments to stockholders in the hopes of stabilizing the price and growing demand.
In a video presentation to shareholders shared by Saylor on Friday, Strategy CEO Phong Le said the company hopes to pay dividends twice a month — on the 15th and again at the end of each month — for a total of 24 a year at the current rate of 11.5%.
“What do we think this will do, it should stabilize the price, dampen cyclicality, drive further liquidity and grow demand,” Le said.
A preliminary proxy filing was sent to the US Securities and Exchange Commission on Friday. The definitive proxy filing is expected on April 28, when voting opens to approve or reject the measure. Voting closes on June 8 at the annual shareholder meeting, with the new schedule expected to start mid-July if approved.
Strategy is proposing to pay semi-monthly dividends on $STRC, instead of monthly. No change to the annual dividend obligations or dividend rate. These proposed changes are intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand. pic.twitter.com/jHFRaDz6oP
— Michael Saylor (@saylor) April 17, 2026
Demand plunging after dividend dates, said Le
Le said one of the main reasons for the proposed change was to address a drop in demand after investors were no longer eligible for the upcoming dividend, which cooled buying activity and slowed the pace of new share sales.
“If we were to move forward with paying STRC to semi-monthly, we would be in category 1, the only preferred in the world that pays semi-monthly dividends. We think this is unique and this is attractive,” he added.
The company went through dozens of iterations before settling on the semi-monthly schedule and had considered weekly and even daily dividend record dates. The NASDAQ stock exchange, which lists Strategy’s stock, follows industry rules requiring a minimum gap of ten days between the record date and the payment date, according to Le.
Related: Strategy’s Michael Saylor signals impending Bitcoin purchase
Strategy has the largest Bitcoin (BTC) stash among publicly traded companies with 780,897 coins, worth $58.2 billion, according to Bitbo. It’s also one of the most frequent buyers with regular weekly purchases.
The company’s stock (MSTR) jumped 11.8% on Friday to $166.52. It’s still down more than 47% over the past year, according to Google Finance.
Strategy’s Bitcoin buying comes despite the company sitting on significant unrealized losses on its holdings. Earlier this month, Strategy reported in its first-quarter financial results that its unrealized losses on digital assets amounted to $14.46 billion.
Gold price extended losses below $4,800 before the bulls appeared. WTI Crude oil prices are rising and could climb further higher toward $92.00.
Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
· Gold price failed to clear $4,900 and declined steadily against the US Dollar.
· There is a key bearish trend line forming with resistance at $4,815 on the hourly chart of gold at FXOpen.
· WTI Crude oil prices are moving higher above the $85.00 pivot zone.
· There is a connecting bearish trend line forming with resistance at $89.10 on the hourly chart of XTI/USD at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price failed to settle above $4,900 and reacted to the downside, as discussed in the previous analysis. The price traded below $4,850 and $4,800 to enter a short-term bearish zone.
There was a sharp drop below $4,750. The price settled below the 50-hour simple moving average, and RSI dipped below 40. Finally, it tested the $4,700 zone. A low was formed at $4,699, and the price is now correcting some losses.
Immediate hurdle on the upside is $4,815 or the 50% Fib retracement level of the downward move from the $4,889 swing high to the $4,699 low. There is also a key bearish trend line forming with resistance at $4,815.
The first major barrier for the bulls could be $4,830 and the 61.8% Fib retracement. A close above $4,830 could initiate a recovery wave to $4,855. An upside break above $4,855 could send Gold price toward $4,890. Any more gains may perhaps set the pace for an increase toward $5,000.
If there is no fresh increase, the price could continue to move down. Initial support on the downside is near the $4,770 level. The first key area of interest might be $4,700. If there is a downside break below $4,700, the price might decline further. In the stated case, the price might drop to $4,500.
WTI Crude Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price started a fresh increase from $79.00 against the US Dollar. The price gained bullish momentum after it broke $84.00.
There was a sustained upward movement above $84.50 and $85.00. The bulls pushed the price above the 50-hour simple moving average, and the RSI climbed toward 60. A high was formed near $89.08 before there was a minor pullback. The price declined below the 23.6% Fib retracement level of the upward move from the $78.96 swing low to the $89.08 high.
However, the bulls are active above $85.00. Immediate resistance is near a connecting bearish trend line at $89.10. If the price climbs further, it could face hurdles near $90.25.
The next major stop for the bulls might be $91.90. Any more gain might send the price toward $95.00. Conversely, the price might correct gains and test the 50% Fib retracement at $84.00. The next area of interest on the WTI crude oil chart could be $81.35.
If there is a downside break, the price might decline to $80.00. Any more losses may perhaps open the doors for a move toward $75.00.
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Strategy co-founder Michael Saylor is signaling another massive Bitcoin acquisition, coming on the heels of a $1 billion purchase finalized earlier this month.
Summary
- Strategy is currently sitting on the world’s largest corporate Bitcoin treasury with 780,897 coins valued at over $58 billion.
- Michael Saylor hinted at a new multi-billion-dollar Bitcoin acquisition via social media just days after the company confirmed a $1 billion purchase.
According to a Sunday post on X, Saylor shared a chart of the company’s historical buying patterns alongside the caption “Think Even ₿igger.”
The latest post follows a regulatory filing last Monday, where Strategy disclosed it had picked up 13,927 Bitcoin between April 6 and 12, which cost the company $1 billion at an average price of $71,902 per token.
Strategy currently holds the largest Bitcoin treasury of any publicly traded firm, with a total stash of 780,897 coins valued at roughly $58.2 billion.
Dividend overhaul to boost liquidity
Strategy CEO Phong Le detailed a new proposal on Friday to move the company toward a semi-monthly dividend schedule. The plan, shared in a shareholder video presentation, suggests paying out dividends on the 15th and at the end of every month.
By increasing the frequency to 24 payments a year at the current 11.5% rate, the company hopes to attract more consistent buying interest.
“What do we think this will do, it should stabilize the price, dampen cyclicality, drive further liquidity and grow demand,” Le said.
The CEO noted that the current structure often causes a drop-off in activity once investors are no longer eligible for the next scheduled payout. By switching to a semi-monthly model, the company would become the only preferred stock in the world with such a frequent distribution.
“If we were to move forward with paying STRC to semi-monthly, we would be in category 1, the only preferred in the world that pays semi-monthly dividends. We think this is unique and this is attractive,” Le added.
The proposal comes while the company manages significant paper losses. First-quarter financial results showed unrealized losses on digital assets totaling $14.46 billion. Despite these figures, investors reacted positively to the dividend news and the prospect of more Bitcoin buys, sending MSTR stock up 11.8% to $166.52 on Friday.
A preliminary proxy filing is already with the SEC, and a definitive version is expected by April 28. If shareholders approve the measure at the annual meeting on June 8, the new payment cycle will begin in mid-July. Currently, Nasdaq rules require Strategy to maintain a 10-day window between the record date and the actual payment.
Vercel, a cloud hosting provider popular among crypto projects, has confirmed that it suffered a security breach that allowed hackers to make off with a “limited” subset of customer credentials.
Vercel said in a blog post on Sunday that it “identified a security incident that involved unauthorized access to certain internal Vercel systems” and was investigating the breach.
“Initially we identified a limited subset of customers whose Vercel credentials were compromised,” it added. “We reached out to that subset and recommended an immediate rotation of credentials.”
Vercel’s confirmation came after multiple X users reported that a post on the hacking forum BreachForums by a user called “ShinyHunters” claimed to be offering Vercel’s data in exchange for $2 million.
The poster claimed to have access keys, source code, database information and employee accounts with access to internal deployments, which they said could be used for a “global supply chain attack.”
Vercel did not address the post’s claims, but said the attacker was “highly sophisticated based on their operational velocity and detailed understanding of Vercel’s systems.”
Third-party AI tool compromised to carry out hack
Vercel CEO Guillermo Rauch said on Sunday that the attack originated after a Vercel employee was compromised via a breach of an artificial intelligence tool they used called Context.ai.
The attacker was then able to compromise the Vercel employee’s Google Workspace account, allowing them access to some of Vercel’s internal systems.
Rauch said the company stores customer environments with full encryption, but it has the capability to designate variables as “non-sensitive,” and the attacker “got further access through their enumeration.”
Related: Aave’s TVL tanks $8B a day after $293M Kelp DAO hack
“We believe the attacking group to be highly sophisticated and, I strongly suspect, significantly accelerated by AI,” he added. “They moved with surprising velocity and in-depth understanding of Vercel.”
Rauch said that Vercel had “deployed extensive protection measures and monitoring” and it had analyzed its supply chain to ensure “Next.js, Turbopack, and our many open source projects remain safe for our community.”
“My advice to everyone is to follow the best practices of security response: secret rotation, monitoring access to your Vercel environments and linked services, and ensuring the proper use of the sensitive env variables feature,” he added.
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