Crypto World
Ethereum Derivatives Market Contracts Sharply as Macro Pressures and Geopolitical Risks Drain Risk Appetite
TLDR:
- Ethereum open interest in ETH terms fell from 7.79M to 5.8M across all major derivatives exchanges.
- Binance notional open interest dropped from $12.6B to $4.1B, yet still holds nearly 35% of total market share.
- Core PPI rose 0.8% month-over-month, reducing Federal Reserve rate cut expectations and pressuring risk assets.
- Bybit and Gate.io both recorded steep open interest declines, confirming a broad market-wide deleveraging phase.
The Ethereum derivatives market is experiencing a sharp contraction as macroeconomic pressures weigh on crypto assets.
Core PPI data rose 0.8% month-over-month, confirming that inflation remains persistent. This reading has reduced expectations for a near-term Federal Reserve rate cut.
Meanwhile, rising U.S.-Iran tensions over the weekend added further uncertainty. Together, these factors pushed traders toward risk aversion, triggering a broad deleveraging across Ethereum’s futures and derivatives segment.
Open Interest Drops Sharply Across Major Exchanges
The Ethereum derivatives market saw open interest in ETH terms fall from 7.79 million to 5.8 million across all exchanges. That represents a reduction of nearly 2 million contracts across the board.
Binance alone concentrated roughly 2 million of the affected positions. The contraction reflects a clear pullback from leveraged exposure across the market.
Binance remains the dominant player despite the notable decline, holding close to 35% of total open interest. Its notional open interest, however, dropped sharply from $12.6 billion to $4.1 billion.
This decline factors in both reduced contract volumes and falling ETH prices. Even after the drop, Binance’s share remains well ahead of all competitors.
Bybit, which holds roughly 15% of total open interest, saw its figures fall to $1.9 billion. That marks approximately a threefold reduction from its prior recorded levels.
Gate.io also declined, dropping from $5.2 billion to $2.75 billion. Gate.io now accounts for approximately 23% of the overall Ethereum derivatives market.
Analyst Darkfost noted the wide scope of this deleveraging phase across platforms. The data reflects active leverage unwinding rather than a routine price correction.
Traders across exchanges are steadily reducing exposure amid unfavorable macro conditions. The speed of this contraction points to deliberate risk management decisions by market participants.
Macro Pressures Drive Risk Aversion Across Crypto Markets
The Federal Reserve’s rate cut prospects have dimmed following the latest inflation data. Core PPI rising 0.8% month-over-month confirmed that price pressures have not eased.
Markets are now pricing in a prolonged period of restrictive monetary policy. This environment tends to reduce appetite for risk assets, including cryptocurrencies.
Altcoins have been among the first to absorb the pressure as risk sentiment shifted. Ethereum led the decline among major digital assets during this period.
The derivatives market responded accordingly, with leveraged positions being quickly reduced. Reduced leverage typically reflects a move by traders toward greater caution.
Geopolitical developments added further pressure on already fragile market conditions. Growing tensions between the United States and Iran surfaced over the weekend.
These events increased uncertainty at a time when investors already lacked clear direction. Risk assets, including crypto, tend to react quickly to such external geopolitical shocks.
The Ethereum derivatives market is now in a clear contraction phase across all major platforms. Traders have broadly pulled back from leveraged positions as conditions tightened.
The combination of macro headwinds and geopolitical risks has created a structurally unfavorable environment. Until conditions stabilize, the derivatives market may continue facing continued downward pressure.
Crypto World
US CPI undershoot cools April rate-cut bets, crypto markets steady
The March Consumer Price Index (CPI) release from the U.S. Bureau of Labor Statistics shows a 0.9% month-over-month rise in headline inflation, with a 3.3% year-over-year increase. While the monthly gain trailed some early expectations, inflation remains above the Federal Reserve’s 2% target and continues to shape policy risk and financial markets alike. The BLS data highlight a sharp upturn in energy prices, contributing to overall inflationary pressure, with the energy index rising nearly 11% for the month and gasoline prices climbing by a substantial margin.
The report underscores how energy price dynamics are feeding into the broader inflation picture, complicating the Fed’s balancing act between taming inflation and supporting economic growth. As the central bank weighs its next moves, financial markets are parsing the CPI print for hints about the trajectory of interest rates and the path of liquidity that could influence asset prices across riskier markets, including cryptocurrency.
Key takeaways
- Headline CPI rose 0.9% in March, with a 3.3% increase from a year earlier, signaling persistent inflation despite some cooling signs elsewhere.
- Energy prices were a major driver, with the energy index up roughly 11% for the month and gasoline up 21.2%, according to the BLS.
- Fed policy expectations remained highly skewed toward holding rates in the near term; CME Group’s FedWatch tool prices about a 98.4% chance of no rate cut at the April FOMC meeting.
- Bitcoin and broader crypto markets moved on the CPI data, with BTC rising more than 1.5% and briefly touching the $73,000 level as traders reassessed risk and policy signals.
- In market commentary, analysts note the potential for further upside if key resistance around $73,000–$75,000 is cleared, with some tying macro policy developments to longer-term crypto targets.
Inflation signals and policy expectations
March’s CPI data reaffirm that inflation remains a central concern for U.S. monetary policy, even as some components show resilience. The energy component’s outsized contribution—driven by stronger gasoline prices—illustrates how commodity markets can amplify price pressures during geopolitical or supply-disruption episodes. This dynamic matters for investors because it shapes expectations about how quickly the Fed will adjust policy and how the resulting rate environment could influence asset valuations throughout the crypto ecosystem.
Looking ahead, market participants continue to price in a low probability of immediate policy easing. The CME FedWatch tool shows a circa 98.4% probability that the Federal Open Market Committee (FOMC) will keep the target range unchanged at its April meeting. While rate cuts are not priced in for the near term, traders remain attentive to evolving inflation readings, wage data, and other macro signals that could shift expectations as the year unfolds.
Federal Reserve communications have historically emphasized a gradual approach to tightening or pausing, balancing the twin aims of price stability and maximum employment. In practice, the path for 2026 remains uncertain, with several policymakers reportedly divided on whether further rate cuts will come amid inflation pressures tied to ongoing geopolitical tensions. Although the near-term stance points to stability, the broader policy trajectory could still be adjusted if inflation persists or if growth slows in unexpected ways.
Bitcoin and crypto response to the CPI update
Bitcoin’s price action in the wake of the CPI release reflected a broader risk-on tilt that often follows softer-than-feared inflation prints or the prospect of a slower policy tightening cycle. BTC rose by more than 1.5% on the session, briefly advancing toward the $73,000 level. Market observers highlighted this as a potential springboard for a run toward the $75,000 mark as traders reassess macro risk premia and liquidity conditions.
Matt Mena, senior crypto research strategist at 21Shares, framed the near-term technical picture in terms of established ranges: “The $73,000–$75,000 zone is our next major target.” He suggested that clearing this zone could lead to a period of consolidation before a push toward higher levels, with a possible move to $80,000 if momentum holds. Beyond the technicals, he connected the macro backdrop to a longer-term bull case for the sector, noting that policy developments—such as potential legislative clarity for crypto—could unlock a broader ecosystem expansion. “Should the Clarity Act pass, the stage is set for $100,000 BTC and a $3 trillion–$3.2 trillion total crypto market cap by the end of Q2,” he said, signaling how policy signals can compound price drivers alongside technical breakouts.
These views align with a broader sense among traders that macro conditions, liquidity flows, and regulatory clarity collectively shape crypto’s risk-reward calculus. While the CPI data reinforced the value of monitoring energy price dynamics and policy signals, the immediate takeaway for investors is a continued emphasis on discipline in risk management and clear watchpoints for key resistance levels that could redefine short-term momentum.
What to watch next for markets and crypto
The March CPI release adds another data point into a complex mosaic of inflation, policy, and market sentiment. For crypto, the near-term focus remains on price levels around $73,000–$75,000 as a potential inflection zone. A sustained breakout beyond that corridor could redraw near-term trajectories toward $80,000 and beyond, depending on how the macro backdrop evolves from here.
On the policy front, investors will be watching for new guidance from the Fed in upcoming communications, as well as any fresh developments around crypto legislation and regulatory clarity. The interplay between rate expectations, energy price trends, and macro risk appetite will continue to shape both traditional markets and digital assets in the weeks ahead.
In the broader market context, the CPI release underscores the sensitivity of crypto prices to macro data and policy signals. As the economy navigates renewed inflation dynamics, market participants should balance technical levels with an eye on policy shifts and potential legislative milestones that could alter the risk calculus for crypto exposure.
Readers should stay tuned for any new inflation readings, Fed commentary, and regulatory updates, which together will influence the velocity of capital into crypto markets and the momentum of institutional participation in the sector.
Crypto World
Newly Launched Outset Media Index Gives Early Users Special Access Benefits in Exchange for Feedback
Outset Media Index (OMI), a newly soft-launched platform for standardizing media benchmarking, is running an early feedback round. The program is designed to turn the first wave of users into active contributors, helping refine how the index works in real-world media, PR, marketing, and research workflows. All participants will receive a level-up upgrade to their current plans in exchange for input.
The feedback round is expected to run for roughly one month ahead of OMI’s full launch. To participate, users must be registered on the platform on any plan, including Free, and complete a dedicated form covering their first experience with the index, which signals they find most useful in practice, and what would make the product more valuable in their day-to-day tasks. The form also includes an option for those who want to proceed with deeper in-person interviews.
The OMI team will reward submitted feedback with expanded platform entry. Users on the Free plan will receive two weeks of bonus access to the Starter plan. Paid subscribers will get a one-month upgrade to the next tier of their current plan.
The early feedback round is a key part of OMI’s soft launch. Rather than treating it as a closed testing period, the company is using it as an open customer development stage focused on learning how different professionals interpret media signals, compare outlets, and apply benchmark data to live decisions. This matters because the same metric can mean different things depending on whether the user is an advertiser, an agency, a publisher, an in-house communications team, or a researcher.
Outset Media Index, designed to provide better structure and comparability across the media landscape, entered soft launch on March 12. The platform currently indexes more than 340 publications with regular crypto coverage, including niche crypto titles as well as finance, technology, and general news outlets with digital asset sections. Its framework includes 37 performance and workflow metrics across reach, engagement, SEO, and practical collaboration factors.
OMI leverages partner data from sources such as Similarweb and Moz, with proprietary metrics and scores that add context to traffic and search behavior data.
For example, Unique Score tracks how consistent unique readership is across several months; Reading Behavior combines time on page, pages per visit, and bounce rate into one easily readable number to show how actively readers interact with the content; and Reprints measures how often coverage is picked up by aggregators or secondary outlets.
Taken together, these metrics feed into broader General and Convenience ratings intended to support strategic analysis and day-to-day execution.
“The goal of OMI is to provide teams with a unified way to analyze media quality and fit,” said Mike Ermolaev, founder and CEO of Outset Media Index. “The media landscape has evolved over recent years to the point where surface traffic numbers alone fail to explain how an outlet actually performs.”
“All inputs that contribute to final rankings are reviewed and normalized under the same methodology,“ added Sofia Belotskaia, product lead at Outset Media Index. “There is no option for media site owners to pay for higher positions or better visibility.”
Inside the platform, users can compare outlets, filter them by business-relevant parameters, and examine detailed profiles with historical context.
Outset Media Index, or OMI, is the first standardized benchmark for media outlets developed by Outset PR. It brings data-driven clarity and structured analysis to how media markets are understood across niches. The platform is used by teams who need meaningful context when planning media activity, allocating budgets, or interpreting how visibility behaves after publication.
By organizing traffic, engagement, SEO, and operational signals within a single analytical framework, it provides a reliable picture of how outlets actually perform beyond surface traffic indicators. Alongside familiar metrics, OMI introduces exclusive decision-ready parameters around audience quality, distribution patterns, and collaboration dynamics – built on years of team’s experience in media analytics.
The methodology is transparent, consistent, and non-negotiable, with no paid rankings or visibility boosts.
Contacts
Business inquiries: sales@omindex.io
Media inquiries: media@omindex.io
Telegram: t.me/omindex
Substack: omindex.substack.com
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Crypto World
Bitcoin Hits $73,000 Amid Ceasefire Rally, But Coinbase Chief Gives Caution
Coinbase Global Head of Investment Research David Duong said the US-Iran ceasefire provided markets with a relief valve, not a full reset, as Bitcoin price tops $73,000.
The two-week truce sent oil back into the low $90s and triggered a broad risk rally. However, Duong argued that underlying constraints from the war have not disappeared.
Why the Ceasefire Rally May Not Last
BTC was trading for $73,085 as of this writing, up by over 3% in the last 24 hours amid risk-on sentiment following the temporary US-Iran ceasefire.
Yet core disputes between the US and Iran remain unresolved. Shipping firms still want security assurances. The Strait of Hormuz may reopen only partially at first.
Meanwhile, the CPI report released Friday showed gasoline prices rose 21.2% in March. The Bureau of Labor Statistics confirmed this was the largest monthly increase since it began tracking the data in 1967.
Headline CPI climbed to 3.3% year over year, up from 2.4% in February.
Labor Data Adds Pressure on the Fed
Nonfarm payrolls rose by 178,000 in March, nearly triple the 65,000 consensus. On the surface, that supports the Federal Reserve keeping rates elevated.
However, Duong noted labor force participation stayed low at 61.9%. Wage growth slowed to 3.5% year over year. Prior payroll prints have also been consistently revised downward.
This leaves the Fed in an uncomfortable middle ground, according to Duong. Growth is softer than headline numbers suggest, but not weak enough to justify imminent rate cuts while war-driven inflation risks persist.
Duong identified $84 as the key oil level to watch. A sustained break below that threshold would signal fading inflation pressure and raise the odds of a quicker resolution.
If oil reclaims and holds above $100, markets will likely begin pricing a longer conflict and renewed pressure on risk assets, including BTC.
Friday’s peace talks between the U.S. and Iran could determine whether this relief rally extends or reverses.
The post Bitcoin Hits $73,000 Amid Ceasefire Rally, But Coinbase Chief Gives Caution appeared first on BeInCrypto.
Crypto World
Justin Sun’s blacklisted WLFI has lost $70M
Justin Sun is an adviser to World Liberty Financial, a cryptocurrency project co-founded by President Donald Trump; however, his WLFI tokens have been losing value since the project decided to blacklist them.
In September of last year, the World Liberty team blacklisted 0x5AB26169051d0D96217949ADb91E86e51a5FDA74, a Sun-affiliated address that was labeled as “TRON DAO” on Etherscan.
World Liberty claimed it was blacklisting one address, believed to be Sun’s, because it was “suspected of misappropriation of other holders’ funds.”
Read more: Justin Sun clashes with World Liberty Financial over frozen WLFI
Sun, at the time, took to X to claim that his “address only carried out a few general exchange deposit tests with very small amounts, followed by an address dispersion. No buying or selling was involved” and called on World Liberty to “unlock my tokens.”
In total, Sun had approximately 544 million tokens frozen by this action.
At the time, the WLFI token was trading for $0.22 per token, making Sun’s stake worth approximately $119 million.
Now, the WLFI token trades for approximately $0.09, a fall of approximately 59%.
Sun’s blacklisted stake is currently worth approximately $49 million, a loss of $70 million.
Despite the fact that World Liberty has frozen millions of dollars’ worth of Sun’s wealth, it hasn’t soured his overall relationship with the greater Trump cryptocurrency ecosystem.
The $TRUMP memecoin team recently posted an image that showed that Sun was still at the top of the leaderboard for the upcoming memecoin conference that Trump is planning on hosting/attending/endorsing/profiting from.
This is despite the fact that those tokens aren’t held in a personal account of Sun’s but in an HTX exchange address.
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Crypto World
Michael Burry says he’s still betting against Palantir after Trump post boosts stock
Michael Burry attends “The Big Short” New York premiere at the Ziegfeld Theater in New York, Nov. 23, 2015.
Andrew Toth | Filmmagic | Getty Images
Michael Burry is sticking with his bearish wager against Palantir Technologies, even after a public endorsement from President Donald Trump helped lift the stock.
The investor of the “Big Short” fame said in a Substack post Friday that he continues to hold long-dated put options on the artificial intelligence software firm. Burry said he started betting against the company in the fall of 2025 and has repeatedly rolled the position.
“I now own the June 17 2027 Strike Price 50 Puts and the Decembers 19, 2026 Strike Price 100 Puts. I am not selling these today,” Burry wrote.
Burry’s comments came after Trump praised Palantir in a Truth Social post on Friday, boosting the stock off its intraday lows. Still, the shares were on track for a roughly 13% weekly drop, bringing their 2026 losses to about 28%.
“Palantir Technologies (PLTR) has proven to have great warfighting capabilities and equipment,” Trump wrote. “Just ask our enemies!!!”
The famed investor said the stock has weakened since reaching a peak near $200 last year and remains “wildly overvalued.” While acknowledging the possibility of a near-term rally, Burry argued that the company’s fundamental value is less than half of what it’s worth now.
“Trump’s post rallied the stock after the stock had fallen 18% the last three days. The stock may catch a wind here. It has been selling off with software stocks. As mentioned, I continue to hold the puts, as I believe the fundamental value of this company is well under $50/share,” he said. Palantir traded around $127 per share on Friday.
Some view Palantir as a beneficiary of the Iran war due to the amount of business the software and services vendor has with the U.S. military and intelligence agencies.
During Trump’s second administration, the company has been securing new government contracts and deepening its work with the Pentagon, while CEO Alex Karp has maintained regular engagement with the administration despite earlier tensions.
Last year, Burry’s former hedge fund, Scion Asset Management, disclosed bearish positions against Palantir and AI darling Nvidia, which prompted a sharp reaction from Karp, who called Burry’s wagers “super weird” and “batsh– crazy.”
Crypto World
France Intensifies Crypto Regulation Efforts Within MiCA Parameters
Key Highlights
- French authorities advocate for enhanced MiCA regulations focusing on dollar-pegged stablecoins
- Enhanced MiCA enforcement introduces mandatory disclosure requirements for non-custodial wallets
- France challenges stablecoin market concentration through reinforced MiCA provisions
- MiCA regulatory expansion accelerates as France intensifies digital asset supervision
- France implements broader crypto transparency measures and stablecoin restrictions via MiCA
French financial authorities advance comprehensive cryptocurrency regulation within the MiCA framework, implementing enhanced surveillance on stablecoins and privately-held digital assets. This initiative demonstrates growing apprehension regarding dollar-denominated tokens and unmonitored wallet transactions. Additionally, regulatory officials coordinate their enforcement strategy with continental initiatives to restructure digital currency governance.
French Central Bank Advocates for Enhanced Stablecoin Restrictions
The Bank of France amplifies demands for reinforced stablecoin oversight within the European Union’s MiCA regulatory structure. Denis Beau advocated for limiting non-euro stablecoin transaction capabilities throughout the bloc. Subsequently, French financial authorities advance comprehensive cryptocurrency regulation within the MiCA framework to diminish foreign currency dominance.
He emphasized that stablecoins pegged to the U.S. dollar command significant global market presence and pose risks to European monetary sovereignty. Accordingly, supervisory bodies seek to decrease dependency on international digital currencies within payment infrastructure. French financial authorities advance comprehensive cryptocurrency regulation within the MiCA framework to bolster euro-denominated options.
Furthermore, policymakers champion central bank digital currency initiatives and tokenized transaction platforms to counterbalance external market control. Developments including Pontes and Appia demonstrate advancement in financial system modernization. French financial authorities advance comprehensive cryptocurrency regulation within the MiCA framework to reinforce domestic payment networks.
France Implements Disclosure Requirements for Private Crypto Wallets
France’s National Assembly enacted legislation addressing privately-controlled crypto wallets through anti-fraud legislation. The regulation mandates yearly disclosure for balances surpassing 5,000 euros. Consequently, French financial authorities advance comprehensive cryptocurrency regulation within the MiCA framework to enhance fiscal transparency.
Regulatory bodies intend to monitor decentralized holdings that function beyond supervised exchanges and institutional custodians. This provision extends surveillance from centralized services to self-managed asset repositories. French financial authorities advance comprehensive cryptocurrency regulation within the MiCA framework to eliminate existing oversight deficiencies.
Legislators and regulatory agencies expressed reservations regarding implementation feasibility and possible information security vulnerabilities. Certain policymakers questioned whether supervisors possess adequate capability to effectively track private wallet transactions. Nevertheless, French financial authorities advance comprehensive cryptocurrency regulation within the MiCA framework notwithstanding practical obstacles.
Europe Harmonizes Regulations With Digital Euro Initiative
European regulatory bodies persist in synchronizing cryptocurrency frameworks with comprehensive monetary and financial security objectives. The proliferation of dollar-collateralized stablecoins continues as a principal regulatory priority across the continent. French financial authorities advance comprehensive cryptocurrency regulation within the MiCA framework to advance strategic independence.
Previously, Italy’s central banking institution observed minimal uptake of MiCA-authorized stablecoins throughout Europe. This pattern underscores the necessity for more robust regulatory mechanisms and promotional measures for euro-based digital assets. French financial authorities advance comprehensive cryptocurrency regulation within the MiCA framework concurrent with digital euro progression.
Forthcoming sector gatherings such as Paris Blockchain Week will convene regulators and business executives. President Emmanuel Macron anticipates delivering remarks on transformations influencing the digital currency landscape. Ultimately, French financial authorities advance comprehensive cryptocurrency regulation within the MiCA framework as Europe consolidates its supervisory position.
Crypto World
Worldcoin eases off the gas as WLD unlock rate drops 43%
Worldcoin will cut WLD’s daily unlock rate by about 43% from July 24, halving community emissions and trimming team and investor unlocks as selling pressure concerns mount.
Summary
- Worldcoin says 4.9b WLD (49% of supply) is unlocked, with around 3.3b in circulation; the daily unlock will fall from ~5.1m WLD to ~2.9m in July.
- Community unlocks drop 50% from 3.2m to 1.6m WLD per day, while team and investor unlocks fall 32% from 1.9m to 1.3m WLD.
- The project stresses WLD’s continuous linear unlocks “with no cliffs,” arguing the on‑chain adjustment is meant to “gradually reduce selling pressure” rather than shock markets.
Worldcoin’s development team has outlined a major change to the WLD token’s emission schedule, saying it will cut the daily unlocking rate by about 43% from late July in a move aimed at gradually easing structural selling pressure. In a blog post on its official site, the project said that from July 24, 2026, the aggregate unlock rate will fall from roughly 5.1 million WLD per day to about 2.9 million, as on‑chain contracts automatically adjust the flow of new tokens to the community, team and early investors.
According to Worldcoin, a total of 4.9 billion WLD — 49% of the token’s 10 billion maximum supply — has been unlocked so far, with approximately 3.3 billion WLD in actual circulation. The project emphasized that WLD uses a continuous linear unlocking mechanism with “no one‑time large unlocks (cliffs),” arguing that the scheduled rate change is “due to established on‑chain contract arrangements” rather than a discretionary decision by the foundation or contributors.
The adjustment will hit different stakeholder buckets in distinct ways. The unlock rate for the “World community” allocation, which covers tokens distributed to users and operators, will be cut from 3.2 million WLD per day to 1.6 million, a 50% reduction. At the same time, the unlock rate for “team and investors” will fall from 1.9 million WLD per day to 1.3 million, a smaller but still significant 32% reduction. In aggregate, daily unlocks drop from about 5.1 million WLD to roughly 2.9 million WLD, a change the team says is intended “to gradually reduce selling pressure” as more of the supply becomes liquid.
The blog frames this as a “tokenomics milestone,” suggesting that the most aggressive phase of emissions is now behind the project. Worldcoin officials argue that a predictable, linearly slowing unlock schedule is better for long‑term holders than either perpetual high emissions or lumpy cliff events that can shock markets.
For traders and existing holders, the immediate takeaway is nuanced. On one hand, a 43% cut in the daily unlock rate mechanically reduces the amount of new WLD that can hit secondary markets each day, all else equal. On the other, nearly half of the total supply is already unlocked, and about 3.3 billion WLD is circulating, meaning that any relief from slower future emissions has to be weighed against the large base of tokens that can already be sold.
Market reaction will ultimately depend on whether demand for WLD — from governance, staking, ecosystem incentives or speculative flows — grows faster than the slowed unlock curve. If activity around the Worldcoin protocol and its associated World ID infrastructure accelerates, the new schedule could help absorb selling and support price. If adoption stalls, slower unlocks alone may not be enough to prevent further dilution for existing holders.
Crypto World
CZ and Xu Star relive decade-old dispute on X with accusations and $1 billion bet
A long-running dispute between OKX founder Star Xu and Binance founder Changpeng “CZ” Zhao resurfaced Thursday, with Xu calling CZ a “habitual liar” in a series of posts on X that revisit allegations dating back more than a decade.
The clash traces back to Zhao’s brief tenure at OKCoin, founded by Xu, when he was accused in 2015 of “harmful acts of conduct” and misleading statements tied to a contract dispute involving Roger Ver, claims Zhao has previously disputed.
This latest flare-up also follows an earlier public disagreement in January, when Xu blamed Binance-linked market dynamics for amplifying the Oct. 10 crypto crash, a claim Binance and other market participants disputed. The latest flare-up was triggered by CZ’s memoir, published earlier this week, Xu said.
He revived the decade-old issues, saying he had no “intention of revisiting these old issues involving CZ [..] but since I’ve been dragged into this again because of the book, let’s restate the facts,” he wrote.
“Out of the blue, Star [Xu] said that I had somehow forged a contract when working there [at OKCoin],” CZ said in his book. “… In May 2015, I got annoyed and made a public post on Reddit, obviously denying forging any contracts … while I was at it, I detailed a few problems I saw at OKCoin.”
Xu, in his recent posts, pointed to a video he said shows evidence of conflicting contract versions and reiterating that Zhao had misled the public about the matter.
“After spending four months in prison, he continues to make false statements to the world,” Xu wrote, adding that “a habitual liar never changes their nature.”
The dispute escalated when Xu questioned whether Zhao had misrepresented his marital status, referencing earlier CoinDesk reporting in which Zhao’s spouse was described as his “wife” in a letter submitted to a judge. Xu said he would apologize if Zhao could produce a divorce agreement signed by both parties.
Zhao responded that he is “officially divorced” and challenged Xu to a $1 billion bet or any amount Xu chose, that the divorce had been finalized, saying lawyers could verify the agreement while declining to publish documents.
Xu rejected the wager, citing compliance considerations tied to running a regulated exchange, and instead pressed Zhao on whether his Binance stake had been legally separated as part of any divorce.
Zhao dismissed the line of questioning, saying his Binance stake was “none of your business” and accused Xu of deflecting.
Crypto World
CrowdStrike (CRWD) Stock Rebounds After Anthropic Partnership Erases AI Disruption Fears
Key Takeaways
- CRWD shares tumbled more than 5% amid investor anxiety that AI-powered solutions might threaten conventional cybersecurity subscription revenues.
- Macroeconomic headwinds, including weakening GDP figures and conservative guidance from Zscaler, intensified selling pressure across the sector.
- Executive stock sales raised eyebrows despite management’s announcement of an enlarged buyback program.
- CNBC’s Jim Cramer countered bearish sentiment, claiming Anthropic’s AI capabilities would actually strengthen demand for cybersecurity services.
- The unveiling of “Project Glass Wing,” a collaborative security initiative between Anthropic, CrowdStrike, and Palo Alto Networks, sparked a major stock recovery.
CrowdStrike (CRWD) experienced significant turbulence recently as shares plunged more than 5% during a period of heightened anxiety across the cybersecurity industry. Investor apprehension centered on whether emerging agentic artificial intelligence platforms might eventually displace traditional subscription-based security solutions that form the revenue backbone for firms like CrowdStrike.
CrowdStrike Holdings, Inc., CRWD
The downturn extended beyond a single company. Cybersecurity stocks broadly faced renewed scrutiny as market participants reassessed the sector’s long-term revenue potential and profitability assumptions in an AI-driven landscape.
This unease had been percolating for several weeks. Central to the narrative was Anthropic, the organization responsible for developing the Claude AI model. Growing market chatter suggested that Anthropic’s advanced autonomous agent technology might possess sufficient sophistication to render conventional cybersecurity platforms redundant.
CrowdStrike and Palo Alto will no longer be manipulated when it comes to Anthropic after this announcement today ,,,CRWD and PANW can go much higher now
— Jim Cramer (@jimcramer) April 7, 2026
CRWD’s year-to-date trajectory already mirrored these mounting concerns, with shares retreating approximately 15.8% prior to the latest selloff. Daily trading volume typically hovers around 4 million shares, while technical indicators had flipped to bearish territory.
Broader economic conditions compounded the pressure. Recent data releases revealed decelerating U.S. economic expansion, while rival firm Zscaler (ZS) delivered a measured demand forecast that dampened sentiment. When industry leaders express reservation about future business conditions, markets typically extrapolate those concerns across comparable companies.
Executive Stock Disposals Undermine Repurchase Program
CrowdStrike attempted to bolster investor confidence through action. Management unveiled an enhanced share repurchase authorization, a signal ordinarily interpreted as faith in the company’s intrinsic worth.
Unfortunately, the announcement failed to gain traction. Disclosure of stock sales by senior leadership emerged simultaneously, creating doubt about whether executives truly share the optimistic outlook implied by the buyback expansion. The market registered this contradiction.
Cramer Challenges Bears as Anthropic Collaboration Emerges
The pessimistic narrative didn’t go unchallenged. Television personality Jim Cramer from CNBC mounted a defense, and his commentary proved remarkably prescient.
During a recent broadcast, Cramer confronted the Anthropic anxiety head-on. His position was that cybercriminals leveraging AI agents would amplify rather than diminish the necessity for established cybersecurity defenses. “Without the help of traditional cybersecurity, you’re more vulnerable than ever,” he stated emphatically.
CrowdStrike’s CEO George Kurtz reinforced this perspective during his appearance on Cramer’s program, characterizing the AI revolution as favorable for cybersecurity demand.
Shortly thereafter came the development that appeared to vindicate Cramer’s analysis. Anthropic introduced “Project Glass Wing,” a cooperative security framework incorporating both CrowdStrike and Palo Alto Networks (PANW), aimed at safeguarding Anthropic’s user base. The revelation triggered a 24-point surge in CRWD shares within a single trading day.
Palo Alto Networks experienced its own significant decline in recent trading, dropping approximately 7.3%, indicating that broader industry uncertainty persists despite positive partnership news.
CrowdStrike maintains a market capitalization of roughly $100.1 billion, though shares continue trading approximately 15.8% below their year-to-date starting point as markets prepare for the upcoming session.
Crypto World
Canary Capital’s Spot PEPE ETF Filing Puts Meme Coins Back in Focus as Maxi Doge Presale Nears $6M
Friday 10 April 2026 – Canary Capital has filed an S-1 with the US Securities and Exchange Commission for a spot PEPE ETF, a move that would bring direct PEPE exposure into traditional brokerage accounts if approved. The proposed trust would hold spot PEPE tokens and allocate a small amount of Ethereum to cover fees.
The filing lands as parts of the meme coin market show signs of selective strength rather than broad-based risk appetite. PEPE has flashed a bullish RSI divergence and saw whale accumulation of 1.23 trillion tokens on April 5, while Shiba Inu wallets have added 2.02 trillion SHIB since the start of the month, worth about $12.16 million at current prices.
Alongside that backdrop, the Maxi Doge presale is approaching $6 million, drawing interest from traders still willing to back newer meme-coin bets despite a cautious wider market.
The PEPE ETF proposal is notable less for any immediate approval odds than for what it signals: a mainstream asset manager is formally testing whether a meme coin can be packaged for conventional investors. That shifts the discussion from pure speculative trading toward market structure, access, and product eligibility.
The trust outlined in the filing would hold actual PEPE, with shares created in standard baskets. For meme coins, that is a meaningful step toward institutional-style infrastructure, even as the broader Crypto Fear & Greed Index remains in extreme fear.
Price action has been mixed, but on-chain positioning has stayed constructive. PEPE traded roughly 6% lower in the 24 hours after the filing news, yet daily-chart momentum showed a completed bullish RSI divergence, with price making a lower low while RSI posted a higher low. That setup has already been followed by an 11% spot rebound in recent sessions, though the token remains well below recent highs.
$PEPE ETF Approval sets it up for a very solid long-term bullish catalysts
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Long-term this is very bullish for #PEPE
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Latest #PEPE price and news action right here
pic.twitter.com/GSZjWH7emY
— Crypto Zeus
(@CryptoZeusYT) April 10, 2026
Whale Flows in PEPE and SHIB Point to Selective Accumulation
On-chain data suggests larger holders are still positioning in the largest meme names. PEPE whales accumulated 1.23 trillion tokens on April 5, reinforcing the idea that experienced market participants are buying into weakness rather than exiting the sector altogether.
Shiba Inu is showing a similar pattern. Large wallets have increased holdings to 773.79 trillion SHIB since April 1, while the token changes hands near $0.00000602 and remains up 11% over the past 30 days. Exchange reserves have also dropped to multi-year lows, a sign that fewer tokens are sitting on venues where they can be sold immediately.
Those flows are developing as Bitcoin consolidates near $72,000 and easing geopolitical pressure offers modest support to risk assets. In that context, meme-coin demand appears concentrated in liquid, well-established names rather than spread evenly across the category.
The broader implication is straightforward: if sentiment improves, assets such as PEPE and SHIB may be first to respond because they already have scale, liquidity, and active holder bases. The PEPE filing also raises the prospect that other meme assets could eventually be considered for similar regulated products.
Maxi Doge Draws Fresh Capital as Presale Closes In on $6 Million
While PEPE and SHIB dominate the high-liquidity end of the sector, newer projects are still attracting capital. Maxi Doge, an Ethereum-based meme token built around degen branding, is nearing the $6 million mark in its presale.
That pace stands out in a market where early-stage meme launches have often struggled to maintain attention. Maxi Doge has centered its pitch on community momentum and simple meme-driven positioning rather than an extensive early utility narrative, a strategy that has historically helped projects build recognition quickly across crypto social channels.
WHERE ALL THE BULLS AT? WE DON'T QUIT. pic.twitter.com/J30E70EV5f
— MaxiDoge (@MaxiDoge_) March 31, 2026
Maxi Doge is not competing with PEPE or SHIB on scale. Instead, it is being framed as a higher-risk entry for traders looking for earlier-stage exposure if capital rotates further down the meme-coin curve. Its Ethereum base gives it immediate compatibility with major wallets and decentralized exchanges, while the presale’s progress suggests there is still demand for new meme narratives when branding resonates.
If the PEPE ETF filing gains traction or prompts copycat applications, the strongest spillover would likely start with large-cap meme coins before reaching smaller names. But that kind of sector-wide attention can also benefit projects like Maxi Doge, particularly if they already have active communities and funded presales heading into listing.
Maxi Doge Presale Terms, Staking and Access
Anyone can join the Maxi Doge Token presale through WalletConnect or directly via Best Wallet. Buyers can use ETH, BNB, USDT, or USDC, or pay with a bank card. Best Wallet is available on Google Play and the Apple App Store.
MAXI tokens purchased in presale can also be staked immediately in Maxi Doge’s native protocol, earning a dynamic 66% APY.
The current presale price is $0.00028120, and the project states the price will rise within the next 48 hours.
The team also says the code has been audited by Coinsult and SOLIDProof.
Community channels are available on X and Telegram.
The post Canary Capital’s Spot PEPE ETF Filing Puts Meme Coins Back in Focus as Maxi Doge Presale Nears $6M appeared first on Cryptonews.
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