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Polymarket odds for Waller Fed chair confirmation surge on Powell probe U-turntitle%

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Polymarket odds for Waller Fed chair confirmation surge on Powell probe U-turntitle%

Polymarket catapulted Waller’s Fed chair odds from 27% to 85% after reports the DOJ will drop its criminal probe into Jerome Powell, clearing a key Senate roadblock.

Prediction markets have dramatically repriced the odds that Christopher Waller will become the next chair of the Federal Reserve after fresh signals that the Department of Justice will shut down its criminal case against Jerome Powell. On Polymarket, contracts tied to the outcome “Waller will be confirmed as Chairman of the Federal Reserve before May 15” have jumped from around 27% to roughly 85% in short order, a 211% relative increase that reflects traders’ belief that the main political roadblock is about to vanish.

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While the specific Waller market is separate from Polymarket’s higher‑volume “Who will be confirmed as Fed Chair?” and “Kevin Warsh confirmed as Fed Chair by…?” contracts, the underlying dynamic is the same: odds are reacting to developments in the Powell investigation and the Senate Banking Committee’s posture. In the broader Fed chair contract, Kevin Warsh still leads with about a 94% implied probability over other contenders such as Judy Shelton and Michelle Bowman, but short‑dated timing markets have become far more sensitive to any news about Powell’s legal overhang.

According to a detailed chronology compiled on Wikipedia, federal prosecutors opened a criminal inquiry into Powell early this year related to alleged cost overruns on renovations of two historic Fed buildings, prompting an unusually public clash between the central bank and the Trump administration. As of April, Powell has not been charged with any crime, and the Department of Justice formally dropped the investigation on April 24, clearing a key condition that Senator Thom Tillis (R‑N.C.) had tied to his support for any successor.

Tillis, a senior member of the Senate Banking Committee, had repeatedly warned that he would use his position to block Trump’s nominees from getting a committee vote so long as the DOJ probe remained open. Local outlets such as KATV and KOMO News reported this week that Tillis “will continue to block President Trump’s nominee until the Justice Department ends its probe of current Chair Powell,” effectively making the DOJ’s decision a gating item for any confirmation timeline.

With that obstacle now expected to fall away, traders are marking up the probability that the Senate can move quickly enough to confirm Waller before Powell’s term officially ends on May 15. Polymarket’s live odds page notes that its Fed chair timing contracts resolve to “yes” if the nominee secures Senate confirmation by the deadline, and “no” if the nomination is withdrawn or rejected — a structure that helps explain why even small shifts in the DOJ’s stance can produce outsized swings in short‑term probabilities.

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Bitcoin nears $78K as ETF inflows top $2B in 8 days

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Bitcoin ETFs log strongest inflows in six weeks as macro risks linger

U.S. spot Bitcoin ETFs recorded an eighth straight day of net inflows after drawing $223.2 million on Thursday. The latest inflow pushed total net additions above $2 billion during the current run.

Summary

  • Spot Bitcoin ETFs logged $223.2 million in net inflows, extending their streak to eight days.
  • BlackRock’s IBIT led Thursday’s flows with $167.5 million as total inflows topped $2 billion.
  • Bitcoin held near $78,000, while analysts linked ETF demand to stronger institutional accumulation.

BlackRock’s IBIT led the day with $167.5 million in net inflows, according to SoSoValue data. Funds from Ark Invest and 21Shares, Morgan Stanley, and Grayscale also recorded positive flows.

Not all funds saw new demand. Fidelity, Bitwise, and VanEck’s Bitcoin ETFs posted combined outflows of about $30 million during the same session.

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BlackRock leads institutional demand

The inflow streak points to continued institutional demand for spot Bitcoin ETFs after earlier 2026 weakness. The products have regained attention as Bitcoin trades near $78,000.

Bitrue Research Lead Andri Fauzan Adziima said the latest run shows steady allocation activity. He stated, “This isn’t noise, it’s allocators treating the post-2025 pullback as a real accumulation zone, especially with resilient demand even after earlier 2026 outflows.”

Adziima added, “Institutions see BTC as core portfolio ballast now, not just a trade.” His comments suggest that some investors are treating Bitcoin exposure as part of wider portfolio planning.

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Bitcoin price holds near $78,000

Bitcoin has gained about 10% over the past 30 days and has held near the $78,000 level. The asset remains below its October 2025 record high of about $126,000.

Adziima said continued inflows could create a steady demand base for Bitcoin. He said, “If these inflows keep rolling (or accelerate), I think it creates a structural bid that tightens supply even more.”

He added that Bitcoin could move toward the $85,000 to $90,000 range if ETF demand remains strong. However, he also noted that the market remains sensitive to macroeconomic and geopolitical news.

Ethereum ETFs see flow reversal

Ethereum ETFs also saw recent demand, posting 10 straight days of positive flows before recording $76 million in net outflows on Thursday. The shift came as Bitcoin products continued their inflow streak.

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Bitcoin dominance has also moved above 60% for the first time this year, according to Adziima. That suggests the market has become more Bitcoin-heavy during the latest recovery.

He said, “The market isn’t euphoric yet; it’s mature and macro-sensitive.” He also warned that weaker ETF flows could test the $74,000 to $70,000 Bitcoin price zone again.

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ECB signs standards deals to cut digital euro access costs

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ECB sets summer window for digital euro rules ahead of pilot 

ECB teams with ECPC, nexo and Berlin Group to reuse open payment standards, cutting digital euro integration costs and clearing the path to a 2027 pilot, 2029 launch.

Summary

  • The European Central Bank has signed agreements with ECPC, nexo standards, and Berlin Group to reuse open payment standards for digital euro payments.
  • The move aims to reduce integration costs for merchants and banks and provide a free European alternative to proprietary card and wallet standards.
  • The deal supports the ECB’s timeline to finalize digital euro standards by summer 2026 and prepare for a pilot from 2027.

The European Central Bank (ECB) has signed agreements with three European standards bodies to reuse existing open technical specifications for processing digital euro payments, in a bid to lower integration costs and accelerate adoption across the euro area. Under the deals, European Card Payment Cooperation (ECPC), nexo standards, and the Berlin Group will align their frameworks so that payment providers can support digital euro transactions without expensive, bespoke upgrades to point-of-sale terminals and online systems.

The standards in scope include ECPC’s CPACE protocol for tap‑to‑pay near-field communication, nexo’s ISO 20022‑based acceptance specifications, and Berlin Group’s open interfaces for account-to-account and card-based payments. By building the digital euro on top of these existing rails, the ECB wants to offer “a European free alternative to current proprietary standards” dominated by global card schemes and digital wallets, according to Executive Board member Piero Cipollone. “The open digital euro standards will provide a European free alternative to current proprietary standards, make it easier for new European providers to enter the market and give European payment service providers and merchants the certainty they need to invest, innovate and compete across the euro area,” Cipollone said.

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ECB targets cheaper rollout for banks and merchants

The ECB argues that reusing open standards should minimize scheme and implementation costs at a time when banks face multibillion‑euro IT bills to adapt to a potential central bank digital currency. Earlier estimates cited by Reuters suggested a digital euro rollout could cost European banks between €4 billion and €6 billion over four years, or roughly 3% of their annual IT maintenance budgets, underscoring why avoiding custom builds matters for political buy‑in.

Ana Grade, CEO of ECPC, called the deal “a major step” for her consortium’s CPACE standard, saying it will “further enhance the standard’s visibility and market presence” as part of the digital euro project. Jean‑Philippe Joliveau, chairman of nexo standards, added that the cooperation “confirms the position of nexo standards as an international and collaborative standardisation body for payment acceptance, supporting interoperability across the payments ecosystem.”

Next steps toward a 2029 launch

The agreements land as EU lawmakers work to finalize the digital euro regulation, which is expected to be adopted in 2026 and unlock full-scale investments by payment firms. The ECB has said it plans to publish the complete technical standards by this summer, with a 12‑month pilot focused on person‑to‑person and point‑of‑sale payments scheduled from the second half of 2027 and potential issuance readiness around 2029 if the legal framework is approved.

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Officials frame the digital euro as a way to strengthen Europe’s monetary sovereignty and reduce reliance on non‑European payment giants such as Visa, Mastercard, and PayPal, while giving merchants access to a low‑fee, publicly backed payment option alongside cash and bank deposits. “This partnership shows our strong commitment to making sure the digital euro works with existing European standards that the private sector can also use,” Cipollone said, arguing that early standardization is key to a smooth rollout.

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Varntix expands reach with fixed and flexible accounts, while Dogecoin price predictions point to $0.50

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Varntix expands reach with fixed and flexible accounts, while Dogecoin price predictions point to $0.50 - 2

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

Dogecoin price prediction targets $0.50, but slow gains push investors toward Varntix for stable 20–24% returns and flexible income options.

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Summary

  • Dogecoin shows recovery signs, while investors seek steadier returns beyond hype-driven price swings.
  • Varntix offers fixed crypto income plans with 20–24% annual returns and flexible entry options.
  • Starting from $50, Varntix provides flexible plans with clear returns and better liquidity for investors.

Dogecoin is up on its daily and weekly scale, showing signs of recovery after early-year losses. Dogecoin price prediction models show a shift from a bearish to neutral sentiment. In fact, some forecasts point to DOGE even touching $0.50. However, the memecoin remains driven by hype and sentiment, making price moves unpredictable.

That uncertainty is pushing investors toward more reliable options. Varntix is gaining attention with fixed returns of up to 20–24% and flexible plans that still allow access to funds. With clear returns set from the start and growing demand from investors, it offers a more stable and practical way to earn in today’s market.

DOGE price prediction points to $0.50 as market sentiment turns neutral

DOGE is trading around $0.09 after a tough start to the year, which saw it lose over 21% of its value. As per Dogecoin price prediction metrics, momentum has improved from bearish to neutral. In fact, the memecoin even built on this modest leap by recording 18 green days in the last 30 days. 

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Varntix expands reach with fixed and flexible accounts, while Dogecoin price predictions point to $0.50 - 2
Image Source: CoinCodex

In line with the positive Dogecoin price predictions, some analysts see a strong upward movement for DOGE. Some projections even point to a possible move toward $0.50, but this depends heavily on market sentiment and demand.

Even at that, the memecoin price is not moving enough to make investors money. Many are stuck holding through long periods of sideways action with no real returns. Because of this, more investors are starting to look for ways to earn steady income instead of waiting for price gains.

Varntix shows why fixed income beats waiting in slow crypto markets

Dogecoin’s slow price action shows a bigger problem in crypto. Holding alone is no longer working for many investors. If they poured $500,000 into the market and prices stayed flat for even a year, they would earn nothing during that time. And on top of that, there remains a risk of losing investments to price crashes.

But when compared to Varntix’s structured income strategies, a key upside stands out. Investing that same $500,000 at a 20% APY could yield about $100,000 in a year or about $50,000 in 6 months. This shows how much investors stand to gain by adopting fixed and stable strategies.

Varntix drives demand with fixed and flexible crypto income plans

Varntix is also gaining traction by offering both fixed- and flexible-income plans in crypto. The platform gives users clear returns from the start, rather than leaving them to guess.

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Fixed plans offer returns of 20–24% annually, with terms of 6-24 months. Investors lock in their funds and know exactly how much they will earn. Flexible plans offer returns of 4–6.5% while still allowing access to funds, making them more liquid.

Interestingly, entry to these structured income options is investor-friendly. Fixed plans start at $500, while flexible plans start at just $50, making it easier for more people to participate. It’s no surprise this investment barrier has attracted smart movers.

Varntix reportedly raised over $20 million within hours for the high-net-worth investor offering, which has fixed yields of 24%. Current allocations in their fixed and flexible plans are also limited, and the rates are not expected to last for long as more investors are moving toward steady income options.

Conclusion

The Dogecoin price prediction models show that DOGE is making a recovery and could potentially move toward $0.50. But for now, the memecoin’s slow price movement means many investors are not making real profits. Holding during long sideways periods is still a challenge, even with positive forecasts.

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This is where Varntix stands out. It is a digital wealth platform that helps users earn a fixed income on their crypto through structured savings accounts. With clear returns and simple, flexible options, it gives investors a more stable way to grow their money without depending only on price movement.

Take a closer look at Varntix to put crypto to work.

FAQs

1. What is the latest Dogecoin price prediction?

Some forecasts suggest Dogecoin could reach $0.50, but it depends on market demand and sentiment.

2. What does Varntix offer investors?

Varntix provides fixed returns of 20–24% and flexible plans with 4–6.5% returns on crypto savings.

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3. Why are investors choosing Varntix?

Because it offers steady, predictable income instead of relying only on uncertain price movements.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Here’s why Zcash price rallied over 10% today

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Zcash price 24-hour/USDT chart.

Zcash price rallied nearly 12% on Friday, continuing its recent uptrend as buying interest picked up again after a brief pullback earlier this week.

Summary

  • Zcash price climbed nearly 12% to around $360, rebounding from $300 support as buying interest returned.
  • Rising demand for privacy coins and increased shielded pool usage helped strengthen investor sentiment.
  • Technicals show bullish momentum, with price testing $350 resistance and eyeing a move toward $400.

According to data from crypto.news, Zcash (ZEC) rose to an intraday high close to $360 before easing slightly to trade around $350 at the time of writing. The move comes after the token found support near the $300 level, where buyers stepped in to defend the downside.

The latest rally appears to be driven by a mix of fresh demand and improving technical structure. After holding key support zones during its recent dip, Zcash has started to attract traders looking to position for a continuation move higher.

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A key factor behind the renewed interest is the steady demand for privacy-focused cryptocurrencies. With growing attention on blockchain transparency and regulation, some investors are rotating into assets that offer stronger transaction confidentiality, which has helped lift sentiment around Zcash.

At the same time, activity within Zcash’s shielded ecosystem continues to support its outlook. The increasing share of coins held in shielded pools has effectively reduced liquid supply, which can amplify price moves when demand rises.

The token is also tracking the broader market recovery, with improving sentiment across crypto helping altcoins regain momentum after recent volatility.

If the current trend holds, traders will be watching whether Zcash can push toward the $400 level, which remains a key psychological barrier.

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Zcash price analysis

On the daily chart, Zcash price has bounced from the 50% Fibonacci retracement level near $293, confirming it as a strong support zone.

Zcash price 24-hour/USDT chart.
Zcash price 24-hour/USDT chart — April 24 | Source: crypto.news

It is now testing resistance around the 78.6% Fibonacci level near $350. A clean break above this level could see the price move back toward the recent high near $390.

The Supertrend indicator has stayed in bullish territory, suggesting the uptrend remains intact. Meanwhile, the RSI is sitting around 64, showing steady buying pressure without signs of extreme overheating.

On the downside, a drop below the $316 level, which aligns with the 0.618 Fibonacci support, could lead to a pullback toward the $293 zone.

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Coinbase to list Fluent (BLEND) spot pair against USD

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Epstein files show crypto ties to Coinbase, Blockstream: DOJ

Coinbase is rolling out a BLEND–USD spot pair for Fluent’s newly launched token, joining KuCoin and MEXC in a coordinated listing that could turn the tiny‑cap altcoin into a high‑beta volatility play.

Summary

  • Coinbase plans to launch spot trading for Fluent (BLEND), with the BLEND–USD pair expected to go live today once liquidity conditions are met.
  • The listing follows Coinbase’s earlier move to enable BLEND deposit address generation and comes alongside listings on KuCoin and MEXC, boosting access to the new altcoin.
  • Fluent’s mainnet launch and partnership with major exchanges position BLEND as a high‑beta token likely to see sharp price swings once trading opens.

Coinbase is preparing to launch spot trading for Fluent’s BLEND token, adding a BLEND–USD pair to its platform as early as today, subject to sufficient order-book liquidity. The decision places BLEND on the largest regulated crypto exchange in the United States by trading volume, signaling that demand for fresh altcoin listings remains strong despite a choppy market backdrop.

In an update on its listings page, Coinbase confirmed support for Fluent (BLEND) and said users in eligible regions can already generate deposit addresses, though deposits only become active once the asset issuer enables transfers. “Spot trading for BLEND will allow users to buy and sell the token directly on the platform, as opposed to derivative or futures-based exposure,” Coinbase’s listing note states, underscoring that the asset will be available in the cash market rather than via leveraged products.

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New altcoin, thin float, high volatility risk

Fluent is a web3 platform whose native token, BLEND, is designed to sit at the center of its ecosystem for functions such as payments, governance, and incentives. According to CryptoRank, Coinbase is acting as a “primary launch platform” for BLEND as part of a wider collaboration focused on token distribution, developer onboarding, and educational content.

The timing aligns with BLEND’s initial exchange rollout, with MEXC and KuCoin both scheduling BLEND/USDT spot markets to open at 13:00 UTC on April 24, 2026, while Bybit has teased a forthcoming listing. Social posts from BSCNews noted that “leading exchanges @Coinbase and @krakenfx have scheduled $BLEND spot trading to begin today, April 24, 2026, once liquidity conditions are met,” highlighting a coordinated launch across multiple venues.

On-chain and order-book data suggest traders should brace for heavy volatility. A recent flow analysis from Streetbrief put BLEND’s market capitalization at roughly $1.85 million with only about $783 in 24‑hour volume ahead of the Coinbase listing, an “extremely illiquid” profile that can magnify both upside and downside moves when fresh demand hits.

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Analysts expect that access via a BLEND–USD pair on Coinbase could pull in U.S.-based retail flow seeking high‑beta exposure, but warn that thin float and tight liquidity bands make the token particularly vulnerable to sharp intraday spikes and drawdowns in its early trading sessions.

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South Africa moves to pull crypto into strict capital flow rules

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South Africa moves to pull crypto into strict capital flow rules

South Africa’s 2026 capital flow draft recasts crypto as “capital,” tightening FX controls with declarations, approvals and sanctions as Africa’s biggest market matures.

Summary

  • South Africa’s National Treasury has published draft 2026 capital flow regulations that formally bring crypto assets inside the country’s foreign exchange control regime.
  • The rules would align South Africa with OECD and FATF standards, tighten oversight of cross‑border crypto transfers, and introduce new declaration, reporting, and sanction powers.
  • The proposal lands as South Africa cements its role as Africa’s largest crypto market, with an estimated $35 billion in annual on‑chain volume and a sector value above $11 billion.

South Africa’s National Treasury has released its Draft Capital Flow Management Regulations for 2026, a sweeping overhaul that explicitly classifies crypto assets as “capital” and pulls them into the country’s foreign exchange control framework for the first time. The proposal, published on April 17 and now open for public comment, aims to replace the 1961 Exchange Control Regulations and align South Africa’s regime with recommendations from the OECD and the Financial Action Task Force (FATF) on combating money laundering, terrorist financing, and illicit financial flows.

According to the draft, crypto assets are now treated as a channel through which capital can be imported and exported, placing them alongside foreign currency, gold, and securities rather than outside the regulatory perimeter. National Treasury and the South African Reserve Bank said in a joint statement that the amendments are intended “to address gaps in the current regulations, including in relation to cross‑border crypto asset transactions,” and to remove “any ambiguity regarding the declaration of foreign assets.”

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Prior approval, declarations, and tougher sanctions

The new framework introduces authorised crypto asset service providers, transaction thresholds, mandatory declarations, and stiffer administrative sanctions for non‑compliance. In practice, this could mean that certain cross‑border crypto transfers will require prior approval from authorities, while residents and visitors may have to declare digital asset holdings above thresholds set by the finance minister, with the risk of seizure or forced sale if they fail to do so.

Bitcoin.com reported that draft rules “require visitors to declare crypto or face up to 5 years in prison,” and grant border officials powers to search devices for coins such as Bitcoin and other tokens suspected of being moved in violation of capital controls. Business Insider Africa added that the same regulations could “require residents to declare and sell certain crypto, gold and foreign currency holdings to the National Treasury” if they exceed those thresholds.

National Treasury insists the overhaul does not amount to a ban on digital assets but a modernization of control tools. “The policy emphasis shifts away from transaction‑by‑transaction pre‑approval towards reporting, traceability and risk‑based oversight, particularly in relation to illicit financial flows and capital flight,” the South African Institute of Taxation wrote in a commentary, describing the approach as a “pragmatic acknowledgment that value now moves across borders digitally.”

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Africa’s largest crypto market under tighter watch

The timing is significant for a country that has emerged as the continent’s biggest crypto hub by volume and venture funding. Chainalysis data cited by Mariblock show that Sub‑Saharan Africa received more than $205 billion in on‑chain value between July 2024 and June 2025, with South Africa accounting for about $35 billion of that total, second only to one other market in the region.

Market research from IMARC Group estimates that South Africa’s cryptocurrency market reached roughly $11.18 billion in 2024, driven by both speculative trading and real‑world use cases such as remittances and hedging against domestic currency volatility. A CV VC report highlighted that the country captured 18% of all African blockchain venture capital, with blockchain deals representing 7.4% of total VC funding on the continent — more than double its approximate 3.2% share globally.

Those figures, combined with South Africa’s exit from the FATF grey list in late 2025 and preparations for the next assessment cycle starting mid‑2026, help explain the urgency behind the draft. Treasury officials argue the rules are a “vital prerequisite” for modernizing the financial architecture and shutting down channels for illicit flows, even as critics warn they could chill innovation and push activity into less regulated jurisdictions if implemented heavy‑handedly.

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$178M in crypto liquidations as longs and shorts both get squeezed

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Techno Revenant unlocks $93.7M HYPE stake, stoking whale-watch jitters

$178M in crypto liquidations over 24 hours show a choppy, leverage‑heavy market where both long and short traders are getting whipsawed out of positions.

Crypto traders absorbed a fresh wave of forced deleveraging over the past day, with data from analytics platform Coinglass showing that total liquidations across major exchanges hit $178 million in 24 hours. Long positions accounted for roughly $92.15 million of that sum, while shorts made up about $85.88 million, a rare near‑parity that signals an exceptionally indecisive and whipsaw‑prone market structure.

The shakeout came as Bitcoin hovered near $77,487, down about 0.18% on the day, with more than $121 million in BTC futures positions liquidated over the same period, according to Coinglass’s BTC dashboard. Open interest in Bitcoin futures remains elevated at around $56.49 billion, suggesting leverage is still high even after the flush. Coinglass notes that it aggregates liquidation figures across perpetual swaps and dated futures on venues such as Binance, OKX, and Bybit to map total leverage washouts.

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Range‑bound chop punishes both bulls and bears

The almost perfectly balanced split between long and short liquidations points to a market swinging back and forth within a tight range rather than trending decisively in one direction. When volatility spikes inside narrow bands and price repeatedly reverses around key levels, over‑leveraged traders on both sides can be wiped out in quick succession as stop‑losses and margin calls cascade through order books.

Coinglass’s long/short ratio indicators have flagged this tug‑of‑war dynamic for weeks, with futures positioning oscillating around parity rather than skewing clearly bullish or bearish on major pairs. That pattern often precedes large “breakout” moves once one side finally overwhelms the other, but in the interim it tends to produce exactly the kind of two‑sided liquidation profile seen in today’s $178 million tally.

For altcoins and smaller‑cap tokens, the impact can be even more violent, as thinner liquidity and higher funding‑rate sensitivity magnify forced selling and buying. With derivatives still driving a large share of total crypto trading volumes, the latest data underscores how quickly sentiment can flip — and how costly it can be to run high leverage in a market that has not yet chosen a clear direction.

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Hyperliquid whales park $3.66B as long/short ratio hovers near neutral

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Hyperliquid rolls out new testnet for prediction markets

Hyperliquid whales now hold $3.66B in nearly balanced perp positions, turning the on‑chain DEX into a real‑time gauge of institutional crypto sentiment.

Summary

  • Coinglass data shows whales on Hyperliquid now hold $3.66 billion in perpetual positions, with $1.854 billion in longs and roughly $1.8 billion in shorts.
  • The resulting long/short ratio of 1.03 signals an almost perfectly balanced book, underscoring how uncertain large traders are about the next major move.
  • The scale of these positions highlights Hyperliquid’s rise into the top tier of derivatives venues, with quarterly volumes in the hundreds of billions of dollars.

Whale traders on Hyperliquid, one of the fastest‑growing on‑chain derivatives exchanges, are currently running $3.66 billion worth of open perpetual futures positions, according to fresh figures from Coinglass. Of that total, $1.854 billion, or 50.64%, is parked in long exposure, while roughly $1.8 billion sits in shorts, leaving a near‑neutral long/short ratio of 1.03 that reflects finely balanced conviction among the platform’s largest accounts.

Coinglass, which tracks whale activity on Hyperliquid through its dedicated whale tracker, notes that it aggregates large perpetual positions and marks them to market in real time to give traders “a better understanding of whale behavior and smarter trading decisions.” Its long/short ratio dashboard for Hyperliquid is designed to “quickly assess market sentiment and positioning, analyze trader behavior, and enhance risk control and trading strategy decisions,” making today’s almost symmetric split a clear signal of indecision rather than one‑sided speculation.

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Hyperliquid cements role as on‑chain perps heavyweight

The sheer size of the $3.66 billion whale book underscores how Hyperliquid has evolved into a genuine institutional‑scale venue in the perpetual futures market. A recent MEXC research note highlighted that the exchange processed about $492.7 billion in derivatives volume in the first quarter of 2026, pushing it into the global top‑10 alongside incumbents such as Binance, OKX, and Bybit.

Separate analysis from IndexBox, citing data from Yahoo Finance, CryptoRank, and DefiLlama, said Hyperliquid handled roughly $40.7 billion in perp volume over a single seven‑day stretch, with about $9.57 billion in open interest — more than all major rival perp DEXs combined over the same window. In January 2026 alone, Hyperliquid facilitated over $208 billion in perpetual futures turnover, capturing 5.38% of total centralized exchange perpetual volume, its highest market share on record, according to a post by market analyst Jean‑Pierre Palomba‑Marin.

This combination of deep liquidity, fully on‑chain transparency, and large, nearly balanced whale positioning makes Hyperliquid a real‑time barometer of institutional‑level sentiment in crypto. With the long/short ratio hovering just above 1.0 and billions of dollars committed on both sides, the data suggest that big traders are positioned for volatility but not yet prepared to bet aggressively on either a sustained rally or a deeper drawdown.

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New Quantum Break Claim Sparks Bitcoin Security Debate

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New Quantum Break Claim Sparks Bitcoin Security Debate

A researcher has made a small but notable step toward breaking the cryptography that secures Bitcoin, but the claim has already sparked pushback over how meaningful the result really is.

Project Eleven said it awarded a 1 BTC “Q-Day Prize” to Giancarlo Lelli for deriving a private key from a public key using a quantum computer. 

A Tiny Quantum Break, a Big Debate Over What It Proves

The test used a 15-bit elliptic curve, far smaller than the 256-bit standard used by Bitcoin and most blockchains.

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The firm described the result as the largest public demonstration yet of a quantum attack on elliptic curve cryptography. It said the work shows the threat is moving from theory into early execution.

However, the scale gap remains large. A 15-bit key has a search space of just over 32,000 possibilities. Bitcoin’s security relies on numbers so large they cannot be brute-forced with current machines.

Critics quickly challenged the claim. A community note on the announcement argued the method relied heavily on classical verification, not purely quantum computation. 

In simple terms, the quantum system may not have done the hardest part of the attack on its own.

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Community Note on Project Eleven’s Claims

That distinction matters. True quantum attacks would use Shor’s algorithm to efficiently solve problems that secure digital signatures. Partial or hybrid approaches do not yet prove that capability at scale.

Still, the result adds to a pattern. Earlier demonstrations broke even smaller keys. At the same time, research suggests the hardware required to attack real-world cryptography may be lower than previously thought.

For Bitcoin, there is no immediate risk. Yet the debate highlights a longer-term issue. Upgrading cryptography across decentralized networks is slow and complex, even if safer alternatives already exist.

For now, the takeaway is narrow. Quantum progress is real, but its practical impact remains distant—and contested.

The post New Quantum Break Claim Sparks Bitcoin Security Debate appeared first on BeInCrypto.

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China Orders Three AI Giants to Reject US Investment

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China Orders Three AI Giants to Reject US Investment

Three top Chinese AI firms have been told to reject US-origin capital without government approval. The directive reshapes how Washington money reaches Beijing’s strategic technology champions.

The instructions were issued by the National Development and Reform Commission (NDRC) in recent weeks. Bloomberg first reported the guidance on Friday.

Beijing Cuts Off US Capital For Its AI Giants

ByteDance, TikTok’s parent and China’s most valuable private startup, was told to block US secondary share sales without state clearance.

The instruction carries weight given ByteDance’s complex ownership structure and pool of US institutional backers. Any secondary liquidity now funnels through Beijing.

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Moonshot AI, considering a Hong Kong listing, was told to refuse US capital in funding rounds and deals without approval.

The restriction complicates pre-IPO planning for a firm widely seen as China’s answer to OpenAI. Any foreign allocation will likely tilt toward Middle Eastern and Hong Kong investors.

StepFun, a Tencent-backed startup focused on multimodal and generative AI, received the same guidance as Moonshot. The company is less globally known but ranks among Beijing’s strategic AI champions.

Why China Is Gating Its AI Firms

The guidance follows Meta Platforms’ roughly $2 billion acquisition of Singapore-based Manus, a startup with deep Chinese engineering roots.

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Beijing imposed exit restrictions on the co-founders of Manus and reviewed the deal for potential technology export violations.

On Wednesday, White House science director Michael Kratsios accused Chinese entities of running industrial-scale campaigns to extract US AI models.

“Foreign entities who build on such fragile foundations should have little confidence in the integrity and reliability of the models they produce,” he stated.

The Trump administration signaled new enforcement against firms using model distillation, according to reports.

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The capital divide between Washington and Beijing looks set to deepen. Beijing may formalize the guidance into a published regulation over the coming weeks.

The post China Orders Three AI Giants to Reject US Investment appeared first on BeInCrypto.

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