Crypto World
Morgan Stanley’s Bitcoin ETF Goes Live With Massive Inflow
Morgan Stanley’s spot Bitcoin (BTC) ETF began trading on NYSE Arca under the ticker MSBT, logging 1.6 million shares and roughly $34 million in inflows on its first day.
The launch makes Morgan Stanley the first major US bank to issue a spot Bitcoin ETF under its own name.
Cheapest BTC ETF Enters a Crowded Field
MSBT charges a 0.14% expense ratio, undercutting BlackRock’s iShares Bitcoin Trust (IBIT) at 0.25%.
The fund joins more than 10 spot Bitcoin ETFs launched over the past two years, which collectively command over $85 billion in assets.
Bloomberg ETF analyst Eric Balchunas projected MSBT could reach $50 million in first-day volume. He placed it among the top 1% of all ETF launches in the past year.
Distribution Power vs. Liquidity
Morgan Stanley employs approximately 16,000 wealth management advisors overseeing $9.3 trillion in client assets.
That network gives MSBT a distribution advantage no previous Bitcoin ETF issuer has matched.
Nate Geraci, president of NovaDius Wealth Management, called distribution “king in the ETF space” and said Morgan Stanley’s advisor network combined with the lowest fee creates a strong formula.
The bank also plans to launch retail crypto trading on E-Trade in the first half of 2026, creating a multi-channel approach to digital asset access.
Whether MSBT can sustain momentum against IBIT’s deep liquidity and options market dominance will determine if Wall Street’s entry reshapes the competitive balance.
The post Morgan Stanley’s Bitcoin ETF Goes Live With Massive Inflow appeared first on BeInCrypto.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Little Pepe gains momentum as presale surpasses $28 million, attracting strong investor interest.
Summary
- Little Pepe surpasses $28m in presale, with Stage 13 nearing sellout as investor demand accelerates
- LILPEPE leverages Ethereum Layer 2 tech to improve scalability, speed, and lower transaction costs
- Structured tokenomics and capped supply position Little Pepe for sustained growth ahead of next cycle
Little Pepe (LILPEPE) continues to sustain its pace and is gaining momentum in the memecoins market, especially after officially crossing the $28 million mark for its presale funding. It is a clear sign of increased investor sentiment and demand for the coins during its systematic token sale process. As each presale level is selling out, the project is gaining recognition as one of the most discussed early-stage projects before the next crypto market cycle.
Stage 13 approaches final sellout
In addition, the project has continued to advance quickly to its various stages in terms of price. Stage 13 is almost complete. After completing Stage 12, Little Pepe has now joined Stage 13, priced at $0.0022. The project is still enjoying a strong response from its participants. The next stage, Stage 14, is scheduled to take the price to $0.0023, thus maintaining a pattern of growth through its stages, especially in terms of its pricing structure.
While most memecoins are only driven by the power of the community, Little Pepe is backed by an Ethereum-compatible Layer 2 blockchain. The Layer 2 blockchain helps the coin have faster transaction times, reduced gas fees, and increased scalability, making it more accessible to the masses. By solving the major issues plaguing the blockchain world, the LILPEPE coin is more practical and efficient for the masses.
Balanced tokenomics support long-term growth
In the case of Little Pepe, the total token supply is capped at 100 billion, while the amount set aside for the presale is 26.5 billion tokens. The other amounts are carefully allocated in a strategic manner to cover staking incentives, liquidity, chain reserves, and marketing efforts. This approach ensures sustainability while allowing the project to grow. Tokenomics is an essential aspect in the maintenance of liquidity, as well as in the encouragement of wider participation in the project.
Feature-rich ecosystem to boost usage
In addition to this, the project also offers other features that will encourage users to continue using the project. For instance, zero-tax trading is available. There is also sniper bot protection to ensure fair play in the token launch. There are also staking rewards to encourage users to hold. The feature-rich ecosystem also includes the meme launchpad feature, where users will be able to create and launch their own tokens. DAO is also available.
Giveaways boost engagement and participation
To further boost the level of engagement, Little Pepe has offered several giveaway options in the ongoing presale. To start with, the $777,000 giveaway will see ten winners receive $77,000 worth of LILPEPE tokens each. Moreover, the 15+ ETH giveaway will continue to encourage the top buyers, and 15 random winners will also receive 0.5 ETH each, thereby boosting the level of engagement as the presale reaches the last stage.
Momentum builds toward the next phase
With over $28 million raised and Stage 13 nearing completion, Little Pepe continues to showcase its growth and market interest. Its use of Layer 2, its structured approach to its presale, and its utility-based features are what set Little Pepe apart from other projects in the burgeoning world of meme coins. However, as the presale is close to its end, LILPEPE is still a project worth keeping an eye on as we head into 2026.
For more information, visit the official website, X, and Telegram.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
The crypto custody market reached a new consolidation milestone Wednesday when Bloomberg reported that Standard Chartered is planning to integrate Zodia Custody’s business into its corporate and investment bank division as early as this month, folding its majority-owned crypto custody subsidiary into an internal division that already offers similar services.
Summary
- The restructuring plan would merge overlapping custody functions that currently run in parallel between Standard Chartered’s internal CIB digital asset unit and the bank-backed Zodia Custody subsidiary it co-founded in 2020 with Northern Trust; an announcement could come as early as April 2026
- Zodia Custody would not disappear: the plan preserves Zodia as a standalone software-as-a-service platform offering crypto custody white-label services to third-party banks and fintechs across its seven offices in London, Dublin, Luxembourg, Singapore, the UAE, Sydney, and Hong Kong
- Standard Chartered declined to comment on the reported plans; minority shareholders including Northern Trust, Emirates NBD, SBI Holdings, and National Australia Bank did not immediately respond to or confirm whether they have been approached about the restructuring
The crypto custody market is consolidating, and Standard Chartered’s reported move to absorb Zodia Custody is its clearest signal yet that the bank intends to own the institutional digital asset infrastructure its advisors and corporate clients use, rather than maintaining it at arm’s length through a subsidiary. Bloomberg reported on Wednesday that discussions are underway to fold Zodia’s custody operations into the bank’s CIB division — a unit that has been building its own digital asset services since at least 2024.
The logic is operational. Zodia Custody and Standard Chartered’s internal division have been running parallel custody infrastructure, creating redundancy. Merging them consolidates both functions under a single regulated entity, reducing overhead and simplifying client-facing structures.
Under the reported plan, Zodia Custody’s customer-facing business for Standard Chartered’s institutional clients would move inside the bank. But Zodia would not be wound down. The subsidiary would continue operating as a white-label SaaS platform, providing crypto custody services to other banks and fintech firms that want to offer institutional-grade custody under their own brand. Zodia currently supports over 75 digital assets across seven offices globally, employs approximately 150 people, and holds regulatory registrations across the UK, Ireland, Luxembourg, and Hong Kong.
The dual structure — one business internalized, one remaining external — mirrors what the bank has already done with its broader digital asset strategy. Standard Chartered launched its own crypto custody services in Luxembourg in January 2025 and introduced spot crypto trading for institutional clients in July 2025 under the CIB umbrella. Those internal services were competing with Zodia’s external-facing platform for the same client base.
Standard Chartered’s Broader Crypto Stack
The Zodia integration fits into a multi-year digital asset buildout that now spans custody, trading, stablecoins, and prime brokerage. In January 2026, Standard Chartered moved to establish a crypto prime brokerage within its SC Ventures unit. In November 2025, it partnered with DCS Card Centre to support stablecoin-linked credit cards in Singapore. In March 2026, Bloomberg separately reported that Zodia Markets — the bank’s crypto trading subsidiary — lost its CEO Usman Ahmad in March, with Nick Philpott stepping in as interim. That leadership change preceded the custody restructuring news by less than two weeks.
As crypto.news reported, Zodia had been raising capital and expanding globally as recently as late 2024, with plans to enter new markets and attract tokenization and payments investors. As crypto.news noted, Standard Chartered secured its EU crypto custody license in Luxembourg in January 2025 — a move that in retrospect looks like preparation for bringing Zodia’s operations inside the regulatory perimeter of the bank itself.
The broader custody competition is intensifying. BNY Mellon, State Street, and Morgan Stanley — which named BNY Mellon as custodian for its MSBT Bitcoin ETF — have all expanded their crypto custody operations in 2026. Standard Chartered’s reported move accelerates that consolidation trend, positioning a globally systemically important bank as a direct competitor to specialist crypto custodians.
Silver (XAG/USD) price trades at $77.31 on April 8, forming a cup pattern on the 12-hour chart with a 32% breakout projection that puts triple digits within range.
The setup arrives as the US-Iran ceasefire crashed Brent crude 15%, dragging the US Dollar Index (DXY) down 1.63% from its April 6 high. A weaker dollar traditionally lifts the silver price because the metal becomes cheaper for foreign buyers. Whether this macro tailwind translates into a confirmed breakout depends on how the handle forms and whether the futures market agrees.
Silver Price Builds a Cup as RSI Shapes the Handle
Silver price has been forming a cup pattern on the 12-hour chart since mid-March. The rounded bottom took shape through the late-March correction, and the recent bounce has now completed the supposed cup. All that remains is the handle, and a small pullback from the recent $77.73 peak hints at that formation.
The Relative Strength Index (RSI), a momentum indicator measuring the speed of price changes, raises a handle case. Between March 9 and April 7, the price made a lower high while the RSI made a higher high. This is a hidden bearish divergence, suggesting that the current pullback from the neckline may continue.
A deeper handle would not invalidate the cup. Handles are expected to pull back before breaking higher. The question is how deep it goes and whether the broader macro backdrop gives silver enough support to keep the handle shallow.
Futures Contango Shows No Delivery Urgency Yet
The spread between front-month and second-month silver futures (SIL1! minus SIL2!) sits at -0.55, a condition called contango, where silver futures prices trade higher than near-term prices. This means buyers are not scrambling for immediate delivery.
For context, this spread peaked at 7.875 in early February and hit 6.515 in early March, both periods when the silver price was surging and physical demand was tight. The collapse from those highs to negative territory shows that the urgency has evaporated.
Contango does not kill a rally, but it does suggest the current move is being driven by macro positioning rather than physical supply stress. For the cup pattern to produce a sustained breakout, the spread would need to tighten back toward zero or flip positive, signaling that real demand is catching up with the price.
The macro positioning, however, is shifting fast. The reason sits in the dollar and in the options markets.
Falling Dollar and Shrinking Put-Call Ratio Fuel the Bullish Case
The ceasefire triggered an immediate repricing across commodities. Brent crude dropped 15% as the US-Iran de-escalation removed the war premium from oil. When oil falls, it reduces the petrodollar effect, where oil-importing nations need to buy dollars to pay for crude. Less dollar demand means a weaker dollar in the short-term.
The DXY has dropped 1.63% from its April 6 high and now sits at 98.69, directly on the 0.382 technical support level. If this level breaks, the next stops are 98.09 and 97.50. Every leg lower in the dollar historically provides a tailwind for silver price because the metal becomes relatively cheaper for buyers holding other currencies.
The options market confirms the shift. The iShares Silver Trust (SLV) put-call ratio, which compares bearish put options to bullish call options, dropped from 0.67 on April 6 to 0.47 on April 7. The open interest ratio also edged lower from 0.60 to 0.59. Both readings sit well below 1.0, meaning call buyers are dominating put buyers. The drop between April 6 and 7 suggests that bearish bets are being unwound as the ceasefire changes the macro picture.
With the dollar weakening, oil falling, and options positioning turning bullish, the Silver price chart becomes the final decider.
Silver Price Levels That Determine if $100 Is Reachable
Silver trades at $77.31. The cup’s neckline sits between $77.29 and $77.73. A 12-hour close above $77.73 would confirm the cup breakout.
Above the neckline, $79.12 at the 0.618 level is the first real confirmation zone. A close above $79.12 would validate the breakout and shift the target higher. The $85.07 becomes the first major target. If momentum carries through, the 1.618 extension at $94.69 and the full 32% measured move projection at $102.29 (the $100+ zone) come into play.
For the $100 target to become realistic, two conditions need to hold simultaneously. The dollar must continue weakening below 98.69, and the futures contango must tighten as physical demand returns. Without both, the rally risks stalling at the $85 zone.
Cup patterns that form during macro regime shifts carry a nuance. If the macro trigger fades, such as the ceasefire collapsing or the dollar rebounding, the cup can convert into a failed pattern rather than a confirmed breakout. The RSI divergence already hints at that risk.
On the downside, $75.45 at the 0.382 level is the first handle support. A deeper handle could test $73.18. $69.51 is the critical floor and a break below would weaken the pattern significantly. A drop below $60.88 invalidates it entirely.
At present, $77.73 separates a confirmed cup breakout with a path toward $85.07 and eventually $100 from a handle deepening toward $73.18 and the $69.51 floor.
The post Can Silver Price Ride the Ceasefire Wave Past $100? A Falling Dollar Opens the Door appeared first on BeInCrypto.
Update (April 8, 2026, 18:21 UTC): This article has been updated to include a comment from a spokesperson for CZ.
Changpeng “CZ” Zhao’s new memoir has reignited a long-standing feud with OKX founder Star Xu, who accused the Binance founder and former chief of lying about their shared history and past disputes.
In Freedom of Money, released April 8, CZ revisits a contract dispute at OKCoin and claims rivals sought to undermine him with “fear, uncertainty and doubt (FUD)”, portraying him as an inept chief technical officer.
CZ also claimed that Huobi founder Leon Li told him in 2025 that he believed Xu had reported him to authorities years earlier. Xu has denied allegations of reporting Li and, in a series of posts on X on Wednesday, called CZ “a habitual liar,” disputing multiple claims in the book and reviving earlier accusations that CZ forged contract documents.
The book further revisits October 2020, when OKX (then OKEx) paused customer withdrawals for five weeks while Xu was reportedly under “soft arrest” in China, suggesting that “Xu alone held the keys” to exchange wallets, and contrasting it with Huobi’s decision not to halt withdrawals during Li’s detention a month later, saying the exchange “had a better wallet setup.”
Xu disputes memoir’s account
Xu said the memoir misrepresents key parts of the story, including CZ’s tenure at OKCoin, the contract dispute with Roger Ver, allegations about market manipulation, informant activity involving Justin Sun, and even his “current marital status.”
Xu resurfaced OKCoin’s 2015 rebuttal of CZ’s earlier allegations and a notarized chat video the exchange released at the time. The video, still publicly available, shows an OKCoin accountant’s QQ account being accessed in front of a notary and purports to display CZ sending two versions of the Bitcoin.com agreement (v7 and v8) on Dec. 16, 2014, with the controversial six-month termination clause appearing in v8.
He said CZ’s explanation at the time was that he rarely used QQ and that another OKCoin employee might have logged into his account and fabricated the chat history, a defense Xu questioned: “Do you believe such an explanation?”
Related: Roger Ver reaches tentative agreement with US DOJ over tax charges: Report
OKCoin’s accompanying Reddit statement accused CZ of forging Roger Ver’s signature on the v8 contract, overstating his technical contributions as chief technical officer, running his own trading bots, and waging a public campaign of “lies and desperate nonsense” after leaving the company.
Memoir revives older allegations
CZ’s memoir presents a sharply different narrative, portraying himself as the target of coordinated attacks from rival exchanges seeking to slow Binance’s rise, including last-minute funding withdrawals during its 2017 initial coin offering.
The new chapters extend the rivalry to the 2020 custody incidents, with CZ claiming that Li believed Xu had reported him to authorities.
Related: DeFi lender Aave launches on OKX’s Ethereum L2, X Layer
Xu called the claim “purely false information,” arguing that complaints against large exchanges are common and do not determine enforcement outcomes. He added that Li “shouldn’t believe this kind of nonsense that defies common sense.”
Xu also accused CZ of lying about whether he “personally manipulated the market” and whether he “acted as a tainted witness to report Justin Sun,” but has so far relied on previously released OKCoin materials rather than new evidence.
CZ had not publicly responded by publication time to Xu’s latest posts challenging the memoir, but a spokesperson for him told Cointelegraph that, while Freedom of Money touches on past events, “it is not intended to be an investigative book on legacy disputes.”
They said the book reflects CZ’s personal perspective and readers can evaluate his account directly and draw their own conclusions, pointing to the disclaimer on page 4, which provides additional context.
Cointelegraph reached out to Xu for comment, but had not received a response by publication.
Big Questions: Is China hoarding gold so yuan becomes global reserve instead of USD?
A fresh bitcoin price read from on-chain data shows that the total supply of BTC last moved between $60,000 and $70,000 has grown by approximately 844,275 coins since January 1 — bringing the total cluster in that range to 1.85 million BTC and giving analysts one of the clearest accumulation signals of the current cycle.
Summary
- Glassnode data published April 8 shows total BTC supply last moved on-chain in the $60,000 to $70,000 range now stands at 1,845,766 BTC, up from 1,001,491 BTC on January 1 — a net increase of 844,275 BTC indicating aggressive dip buying at that level throughout the Iran war-driven correction
- The $70,000 price band now holds 2.2% of total supply, making it the fourth-largest concentration zone by UTXO Realized Price Distribution, which tracks the cost basis of all BTC currently in circulation
- A supply “air gap” exists between $70,000 and $80,000, with only approximately 400,000 BTC having last moved in that range — analysts say this thin overhead supply could accelerate price movement in either direction once BTC decisively breaks out of the $65,000 to $73,000 war range
The bitcoin (BTC) price consolidation between $65,000 and $73,000 over the past six weeks looks choppy on price charts but reveals a different picture in on-chain data. According to Glassnode’s UTXO Realized Price Distribution (URPD) — which tracks where existing BTC last moved on-chain — the $60,000 to $70,000 range has absorbed 844,275 additional BTC since January 1. As Bitcoin Magazine reported, institutional buyers including ETF vehicles absorbed roughly $2.1 billion in inflows over a three-week period, nearly offsetting year-to-date outflows of $460 million — a sign that large capital is treating the current range as an entry zone.
The data does not say Bitcoin is about to break higher. It says a significant number of market participants have established cost basis in the $60,000 to $70,000 range and are unlikely to panic sell within it.
The URPD is useful precisely because it tells analysts not just where Bitcoin is trading, but where holders paid for their coins. A dense cluster in the $60,000 to $70,000 zone means that a large volume of BTC would need to drop below that range before those holders go underwater and begin selling defensively. The bigger the cluster, the stronger the implied support.
Lacie Zhang of Bitget Wallet assessed the current data landscape: “Bitcoin may be entering the late stage of a typical bear cycle,” she said — a framing that historically precedes base-formation behavior rather than additional downside. Matt Hougan, CIO of Bitwise, pointed to institutional behavior as the structural underpinning: “The best evidence we have is in the ETF market,” he noted, citing continued ETF inflows during the correction as confirmation that large allocators see current levels as accumulation opportunities rather than exits.
The Supply Air Gap Above $70K and What It Signals
The flip side of the $60,000 to $70,000 accumulation story is the supply gap directly above it. Between $70,000 and $80,000, only approximately 400,000 BTC last moved on-chain — a thin overhead supply zone that could accelerate price movement once buying pressure is sufficient to push through it.
In practice, air gaps work in both directions: less supply above $70,000 means fewer holders who would sell at a small profit to recover cost basis, which reduces resistance. But without a catalyst strong enough to bring fresh capital into the market, the gap does not self-execute. The Iran war ceasefire outlook, Federal Reserve rate policy, and spot ETF flow trends are the three variables analysts are watching most closely to determine which direction the $65,000 to $73,000 range breaks.
As crypto.news reported, Bitcoin briefly touched $70,200 on Monday when ceasefire talks surfaced, demonstrating that the demand capacity for a sustained break above $70,000 exists — but evaporated within hours when Iran rejected the proposal. As crypto.news noted, open interest has been declining alongside price consolidation, suggesting leveraged traders have largely been flushed and the remaining buyer base is more structurally stable.
The 844,275 BTC accumulated below $70,000 since January represents the market collectively deciding that this range is worth owning. Whether the Iran war deadline tonight validates or undermines that decision is the most consequential near-term variable.
Key takeaways:
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The US and Iran ceasefire boosted stock markets and Bitcoin, but BTC derivatives suggest limited bullish momentum.
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Legislative setbacks and a “fragile truce” between the US and Iran keep bears active with a potential $68,000 correction on the cards.
Bitcoin (BTC) rallied 6% in less than four hours on Tuesday, following gains in global stock markets after the US and Iran reached a two-week ceasefire deal. The rally caught traders off guard, triggering a $280 million liquidation event in Bitcoin futures markets.
Bitcoin bears could be in trouble if the war in Iran effectively winds down, but BTC derivatives signal that sustainable bullish momentum above $80,000 could take longer than anticipated.
Bitcoin’s high correlation with the S&P 500 futures suggests that BTC’s rally was mainly led by the potential reopening of the Strait of Hormuz. US President Donald Trump said that Iran’s nuclear program will be deactivated in exchange for tariff and sanctions relief. However, Bitcoin bears’ hopes jumped after US Vice President JD Vance said that the Iran ceasefire is a “fragile truce.”
Persistent inflationary pressure and weak Bitcoin derivatives metrics
A sustainable de-escalation would likely lead to lower oil prices and reduced inflationary pressure, potentially paving the way for expansionist monetary policies. The US Federal Reserve has remained reluctant to trim interest rates despite signs of a weakening job market. Traders who previously exited risk markets changed their minds as the odds of a severe economic impact declined.
While $280 million in forced liquidations of bearish leveraged positions accelerated the rally, BTC derivatives positioning showed no major shifts.
Bitcoin futures aggregate open interest reached 593,930 BTC on Wednesday, up 2.5% from Tuesday. Crucially, liquidations of $200 million to $300 million are relatively common, having occurred five other times over the past 90 days. This $280 million instance remains minor compared to the total $42 billion aggregate futures position.
The Bitcoin futures annualized premium relative to regular spot markets stood at 3% on Wednesday, flat from two days prior. The lack of demand for bullish positions has pushed the indicator below the neutral 4% threshold since late January.
Demand for downside protection Bitcoin options has prevailed over the past two weeks. Premiums on put (sell) options have outpaced the buy (call) instruments, although distancing themselves from the extreme fear levels seen on March 26.
Will regulatory hurdles nix the Bitcoin rally?
Bitcoin bulls’ confidence had already been hit from the Oct. 10, 2025, flash crash, the disappointment with regulation and the lack of progress on the US Strategic Bitcoin Reserve. The latest draft of the PARITY Act failed to include tax exemptions for small Bitcoin payments or deferred capital gains for mining. Additionally, David Sacks stepped down from his role as the White House AI and cryptocurrency czar on March 26.
Related: Iran is weighing crypto tolls for ships using Strait of Hormuz–Report
Despite multiple mentions from US Treasury Secretary Scott Bessent in 2025 regarding “budget neutral” strategies to acquire Bitcoin without adding new taxes, no clear path was ever disclosed. Simultaneously, the US Democratic Party has requested that regulators scrutinize the Trump family’s cryptocurrency ventures based on potential conflicts of interest.
There is no indication that Bitcoin bears are rushing to close their shorts despite the recent rally. Inflationary pressure has not yet faded, as Brent crude oil prices held at $95 per barrel, up from $72 per barrel in late February. More importantly, a two-week ceasefire is far from a long-term solution, leaving the odds of a correction to $68,000 wide open.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
The Ethereum Foundation (EF) announced it will convert 5,000 ETH into stablecoins using CoW DAO’s time-weighted average price feature to fund research, grants, and donations.
The swap, worth roughly $11 million at current prices, follows the treasury management framework the EF published in June 2025.
Why the EF Is Selling ETH Now
The EF is one of the largest single holders of Ether, and its selling activity has historically drawn community scrutiny.
This latest conversion signals that the organization is actively executing the treasury policy it published in June 2025.
That policy sets annual operating expenses at 15% of total treasury value. It also maintains a 2.5-year cash buffer.
Periodic checks determine whether fiat reserves meet the target; any shortfall triggers ETH sales over the following quarter.
The Foundation confirmed on X that CoW DAO’s TWAP mechanism will execute the trade. TWAP spreads large orders over time to reduce market impact.
A Broader Shift Toward “Defipunk” Principles
Beyond simple liquidation, the treasury document reveals a broader philosophical shift. The Foundation committed to deploying capital through what it calls “Defipunk” principles.
Those principles favor permissionless, privacy-preserving, open-source protocols.
The EF’s on-chain strategy now includes solo staking, lending through established protocols, and potentially borrowing stablecoins for yield.
The policy also outlines concrete criteria for evaluating DeFi protocols. Projects must offer self-custody, use free and open-source code, and minimize reliance on oracles and admin keys.
Privacy features receive particular emphasis. The EF argues that privacy protects market participants from front-running, targeted phishing, and physical coercion.
Five-Year Spending Glide Path
The EF has signaled it intends to reduce annual spending from the current 15% rate down to a 5% baseline over five years. The organization plans to gradually narrow its operational scope during that period.
However, the policy framed 2025 and 2026 as pivotal years for Ethereum. That justifies elevated spending now while planning for a leaner future structure.
ETH traded at $2,212 at press time, up 6.5% over the previous 24 hours. Markets have absorbed the conversion news without significant selling pressure so far.
The post Ethereum Foundation Dumps 5,000 ETH Amid Secret Treasury Overhaul appeared first on BeInCrypto.
Two Bitcoin (BTC) whales have taken massive opposing leveraged positions worth a combined $51 million, as the fragile US-Iran ceasefire showed signs of fracturing over Lebanon.
The high-stakes bets reflect the extreme uncertainty now gripping crypto markets, with BTC trading near $71,500 after a 4.5% overnight rally tied to the ceasefire announcement.
Whale Showdown Puts $51 Million on the Line
On-chain tracker Lookonchain flagged two whale wallets taking polar opposite positions. Wallet 0x2fc3 opened a 30x leveraged long on 325.88 BTC, worth approximately $23.22 million, with a liquidation price of $70,092.
In the opposing corner, wallet 0xedf2 opened a 40x short on 400 BTC, worth roughly $28.5 million, with liquidation at $72,183.
The tight spread between both liquidation zones and BTC’s current price makes this one of the most compressed whale standoffs in recent weeks.
A move of just 2% in either direction could trigger millions in forced liquidations.
Ceasefire Cracks Threaten the Rally
The macro picture is equally unstable. The Kobeissi Letter reported that Iran warned it would withdraw from the two-week ceasefire if Israel continued its military operations in Lebanon.
Minutes later, the White House reportedly told Axios the agreement does not include Lebanon at all.
Pakistan’s Prime Minister Shehbaz Sharif urged all parties to exercise restraint, noting that violations had already been reported.
“Violations of ceasefire have been reported at few places across the conflict zone which undermine the spirit of peace process,” stated Sharif.
Trump Slams Unauthorized Ceasefire Claims
Adding another layer of confusion, US President Donald Trump posted on Truth Social that numerous unauthorized agreements and letters were circulating from parties with no role in the negotiations.
He called the authors “total Fraudsters” and “Charlatans,” warning that a federal investigation would expose them.
Trump stressed that only one set of meaningful points formed the basis of the ceasefire, and those would be discussed behind closed doors.
He also took aim at CNN for headlining a source he said had no authority to claim involvement.
The statement adds further ambiguity to what the ceasefire actually covers. With Iran threatening withdrawal, Israel pressing ahead in Lebanon, and Trump dismissing rival frameworks, the truce appears fragile at best.
The implications are direct for Bitcoin. Shorts worth $252 million were liquidated within 24 hours of the initial truce announcement.
Whether the rally holds may depend less on whale positioning and more on what happens next in Beirut, Islamabad, and Washington.
The post Whales Wage $51 Million Bitcoin Battle as Iran Ceasefire Fractures Over Lebanon appeared first on BeInCrypto.
The AI news out of OpenAI this week has a sharp edge: the company launched a paid Safety Fellowship offering $3,850 weekly stipends to external researchers studying what could go wrong with advanced AI — announced within hours of a New Yorker investigation reporting that OpenAI had dissolved its internal safety teams and quietly removed the word “safely” from its IRS mission statement.
Summary
- The OpenAI Safety Fellowship, announced April 6, runs from September 14, 2026 through February 5, 2027; fellows receive a $3,850 weekly stipend, approximately $15,000 in monthly compute resources, and mentorship from OpenAI researchers, but will not have access to the company’s internal systems
- Priority research areas include safety evaluation, ethics, robustness, scalable mitigations, privacy-preserving methods, agentic oversight, and high-severity misuse — applications close May 3, with fellows notified by July 25
- The New Yorker’s Ronan Farrow reported the same week that OpenAI had dissolved its superalignment team, its AGI Readiness team, and its Mission Alignment team since 2024, and that an OpenAI representative responded to a journalist asking about existential safety researchers with: “What do you mean by existential safety? That’s not, like, a thing.”
OpenAI announced the fellowship on April 6 as “a pilot program to support independent safety and alignment research and develop the next generation of talent.” The program pays $3,850 per week, over $200,000 annualized, plus roughly $15,000 in monthly compute and mentorship from OpenAI researchers. Fellows work from Constellation’s Berkeley workspace or remotely, and applications close May 3. The fellowship is not limited to AI specialists — OpenAI is recruiting from cybersecurity, social science, and human-computer interaction alongside computer science.
The timing is the story. Ronan Farrow’s investigation in The New Yorker, published the same day, documented that OpenAI had dissolved three consecutive internal safety organizations over 22 months. The superalignment team was shut down in May 2024 after co-leads Ilya Sutskever and Jan Leike departed. Leike wrote on his way out that “safety culture and processes have taken a backseat to shiny products.” The AGI Readiness team followed in October 2024. The Mission Alignment team was disbanded in February 2026 after just 16 months. The New Yorker also reported that when a journalist asked to speak with OpenAI’s existential safety researchers, a company representative replied: “What do you mean by existential safety? That’s not, like, a thing.”
The fellowship explicitly does not replace internal infrastructure. Fellows receive API credits and compute resources but no system access, positioning the program as arm’s-length research funding rather than a rebuild of the dissolved teams.
What the Fellowship Requires Fellows to Produce
The research agenda spans seven priority areas: safety evaluation, ethics, robustness, scalable mitigations, privacy-preserving safety methods, agentic oversight, and high-severity misuse domains. By the program’s end in February 2027, each fellow must produce a substantive output — a paper, benchmark, or dataset. Specific academic credentials are not required; OpenAI stated it prioritizes research ability, technical judgment, and execution capacity.
Why This Matters Beyond the AI Industry
As crypto.news has reported, confidence in frontier AI companies’ stated safety commitments is a market signal that affects capital allocation across AI infrastructure, AI tokens, and the DePIN and AI agent protocols sitting at the intersection of crypto and artificial intelligence. As crypto.news has noted, OpenAI’s spending trajectory and the credibility of its operational priorities are tracked closely by investors evaluating the AI infrastructure sector — a sector with growing overlap with blockchain-based systems. Whether external fellows working without internal access can meaningfully influence model development is a question the first cohort’s research will begin to answer in early 2027.
The AI jobs picture at Meta is contradictory on paper: the company is eliminating 198 California positions via state WARN Act filings effective May 2026, even as it projects $115 billion to $135 billion in 2026 capital expenditure with a large share directed at AI infrastructure.
Summary
- California WARN Act filings show Meta is cutting 124 jobs at its Burlingame office on Airport Boulevard, effective May 22, and 74 jobs at its Sunnyvale office on Discovery Way, effective May 29 — all permanent per the filings, first reported by the San Francisco Chronicle
- The May round brings Meta’s confirmed 2026 California WARN total to 519, following a January round of 219 at Burlingame and additional March reductions; job functions at both offices have included hardware, augmented reality, and infrastructure work, though the WARN filings do not break down cuts by role
- CEO Mark Zuckerberg has called 2026 “a turning point for AI in the workplace”; Meta’s projected capex of $115 billion to $135 billion for the year is being directed toward data centers, servers, and AI model infrastructure even as headcount in California continues to fall
The California Employment Development Department’s WARN Act database is the primary public record for the cuts. The filings identify the affected locations as Meta’s Burlingame campus on Airport Boulevard and its Sunnyvale campus on Discovery Way, with effective termination dates of May 22 and May 29, respectively. Meta’s spokesperson described the reductions as “standard operational planning,” without specifying the roles or teams affected.
The 198 May positions are not an isolated event. When added to the 219 cut in January at the same Burlingame campus and additional reductions in March, Meta has now eliminated 519 confirmed California positions via WARN filings in the first four months of 2026. WARN filings only capture mass layoffs at covered locations that meet statutory thresholds, meaning the actual total of Meta’s California workforce reductions in 2026 is likely higher than what the public record reflects. The pattern across four months is one of continuous restructuring rather than a single defined reduction event.
The Paradox of Rising Capex and Falling Headcount
The tension in Meta’s labor strategy is not unique to the company. As crypto.news has reported, a broad wave of technology firms in 2026 has cited AI integration as a driver of workforce reductions, framing cuts as efficiency gains rather than financial distress. In Meta’s case, Zuckerberg’s own language has been explicit: if AI can handle tasks previously requiring large teams, the company needs fewer humans. Even as California headcount shrinks, the company says it is hiring actively for specialized technical roles in AI development.
What Comes Next for Affected Workers
The WARN Act requires 60 days’ written notice before mass layoffs, meaning the filings made public this week reflect decisions finalized around late March. Workers at both locations are entitled to notice rights and may have claims if the notice period was not properly observed. As crypto.news has noted, competition for AI talent between Meta and frontier labs has been intense throughout 2025 and 2026, and some affected workers may find themselves immediately recruited by other companies in the AI buildout. Meta has not indicated whether the May round represents the end of California reductions for 2026.
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