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The signal bitcoin (BTC) price momentum traders have been waiting for is here

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BTC's daily price swings in candlestick format with key averages. (TradingView)

Bitcoin pushed above $78,000, lifting the broader crypto market. The move came as risk sentiment improved after U.S. President Donald Trump extended the ceasefire with Iran. Stock index futures also gained.

The cryptocurrency’s ascent ended the weeks of choppy trading between $65,000 and $75,000 that defined March and early April, finally giving momentum traders the green signal they had been waiting for.

Momentum traders buy when they see proof that an upward trend is underway. Bitcoin’s breakout is exactly that, and more buyers could pile in as a result, adding to the momentum. As the first law of motion says: An object in motion stays in motion until an outside force acts upon it, though Sir Isaac Newton may not have been thinking of financial markets at the time.

“The market spent months capped in the 65 to 75 box. Breaking out of that kind of range matters because it changes behavior. Sellers who were comfortable fading rallies above 74 now have to reassess. Momentum buyers who were waiting for confirmation finally have something to lean on,” analysts at Marex said.

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Onchain indicators suggest the same. For instance, the number of coins held in wallets tied to centralized exchanges has dropped to a fresh multiyear low of 2.67 millon BTC, according to data source CryptoQuant. It points to continued investor accumulation, which could culminate in a supply shock.

“Bitcoin supply on exchanges continues to shrink, with fewer coins available to sell, more BTC moving to long-term holders, and liquidity tightening. Bitcoin is becoming increasingly scarce – supply down means volatility up,” Delta Exchange said on X.

Still, QCP Capital is urging caution, noting the persistent relative richness of bitcoin put options on Deribit. Puts are used as a hedge against potential price drops in the underlying asset. It added that crypto trends currently seem tied to the price of oil and the interest-rate outlook.

“The path forward remains anchored to oil and policy. A move lower in crude or clearer Fed signaling would support risk. Absent that, markets are likely to remain in a holding pattern, pricing uncertainty rather than resolution,” the Singapore-based firm said in a market update.

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In traditional markets, WTI crude futures are trading around $90, having bounced from a low of $78 on Friday.

In the broader market, DeFi security risks remain an issue as hacks proliferate. Early today, the Sui-based Volo protocol was drained of over $3 million just days after the KelpDAO event that caused collateral damage across the sector. Stay alert!

Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”

What’s trending

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already.

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Today’s signal

BTC's daily price swings in candlestick format with key averages. (TradingView)

The chart shows bitcoin’s daily price movements in candlestick format, with lines indicating the 100-day and 200-day average prices.

BTC’s price has established a firm foothold above the 100-day average, represented by the white line. This is pivotal because the 100-day average capped the bounce in January, following which sellers re-established control, leading to a deeper crash to nearly $60,000.

Now the price has pierced through, which typically signals a strengthening of bullish momentum, focus shifts to the 200-day average, currently positioned at $85,900.

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Crypto World

SUI Crypto DeFi Protocol Volo Exploited as Team Commits to Absorbing User Losses

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Volo Protocol, a liquid staking platform on Sui crypto, was exploited on April 22, 2026, for approximately $3.5 million across its WBTC, XAUm, and USDC vaults, the protocol’s first material security breach in its 18-month history.

The team has pledged to absorb the losses in full, and roughly $28 million in TVL across unaffected vaults remains secure after a rapid vault freeze contained the breach.

The core question this raises isn’t whether Volo failed; it did. The question is whether this represents a Volo-specific implementation flaw or a structural signal about risk in Sui’s rapidly scaling DeFi ecosystem, which crossed $1.2 billion in chain-wide TVL just before this incident.

Key Takeaways
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  • Exploit scale: $3.5 million drained from Volo Protocol’s WBTC, XAUm, and USDC vaults on April 22, 2026
  • Protocol context: Volo is a Sui-based liquid staking platform with ~$31.5 million total TVL prior to the incident; ~$28 million in unaffected vaults confirmed secure
  • Team response: Volo team pledged to absorb all user losses; vaults frozen within hours of detection to prevent further exposure
  • On-chain trace: Approximately $500,000 of stolen funds traced on-chain; Volo working with on-chain investigators and the Sui Foundation on recovery
  • Ecosystem impact: SuiLend confirmed all deposits, lending, and withdrawals operate normally; no cross-protocol contagion confirmed
  • Watch item: Volo’s forthcoming post-mortem report identifying root cause – classified as a Sui network security vulnerability – and the timeline for compensation mechanism disclosure

Discover: The best crypto to diversify your portfolio with

How the Volo Exploit Unfolded, and What It Exposed on Sui Crypto

The failure classification matters before the sequence: Volo’s team has described the root cause as a vault-specific vulnerability rather than a protocol-wide architectural flaw, which is why $28 million in adjacent vaults remained untouched.

That’s not a minor footnote; it determines whether this is a bounded implementation error or a systemic exposure across similar platforms.

The three compromised vaults, WBTC, XAUm, and USDC, were drained for a combined $3.5 million. The attack vector has not yet been made fully public pending investigation, and the team has not confirmed whether the flaw involved smart contract logic, oracle manipulation, or another mechanism.

Volo’s post-mortem will attribute the root cause to a Sui network security vulnerability, though the specifics remain unverified until that report publishes.

The response timeline is the clearest positive signal available: Volo detected the breach, froze all vaults, and alerted ecosystem partners within hours, limiting exposure to the three affected pools.

On-chain investigators, including ZachXBT, identified approximately $500,000 in traced funds moving to the attacker’s wallet addresses shortly after the breach. The Sui Foundation has been looped in for recovery coordination.

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The structural lesson here echoes a pattern visible across recent DeFi exploit incidents: vault-specific architecture, while designed to isolate risk, can create concentrated exposure points that bypass broader protocol safeguards. Whether that isolation worked in Volo’s favor, containing damage to $3.5 million rather than the full $31.5 million TVL, is one of the few unambiguous positives in this incident.

Discover: The best pre-launch token sales

The post SUI Crypto DeFi Protocol Volo Exploited as Team Commits to Absorbing User Losses appeared first on Cryptonews.

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Polymarket and Kalshi Are Both Set to Launch Perp Trading

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Polymarket announced early access for perpetual futures trading, while The Information reported that Kalshi is planning a similar product launch.

The two largest prediction market platforms by trading volume are both moving into perpetual futures trading, per reports arriving within hours of each other on Tuesday, April 21.

Polymarket’s move is official. The on-chain prediction marketplace posted on X Tuesday evening: “Perps are coming to Polymarket.” The platform is accepting early access sign-ups for the product, which will allow traders to take leveraged long or short positions on assets including BTC, stocks, and gold without a fixed expiration date.

Separately, The Information reported on Tuesday morning that Kalshi plans to launch crypto trading, beginning with perpetual futures, citing people familiar with the matter.

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According to the report, Kalshi will start with crypto perps and may expand to perps tied to other asset classes over time.

Perp trading has exploded in popularity over the past year, notably on decentralized platforms, mostly led by Hyperliquid. But centralized platforms, led by Binance, still dominate in terms of volumes and open interest, per CoinGecko data.

the-defiant
Monthly perp DEX combined volume and OI. Source: DefiLlama

Commodity Futures Trading Commission Chairman Michael Selig said last month that the agency plans to allow regulated perpetual futures in the United States, to attract trading volume back from offshore platforms.

The Information’s report notes that Kalshi recently secured a CFTC margin trading license, positioning it to offer the product.

The move would put both Polymarket and Kalshi in more direct competition with both centralized and on-chain exchange platforms, several of which, like Coinbase, have begun adding prediction markets.

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Combined monthly trading volumes on Kalshi and Polymarket last month reached over $23 billion, an all-time high. Since the start of this year, both platforms have consistently seen near or over $2 billion in trades each week, per Token Terminal data.

Regulatory Questions

The launches come amid rapid regulatory change for the sector. The CFTC launched a sweeping review of prediction markets in March, after Chair Selig clarified that the agency thinks such platforms should be regulated federally, not by each state. At the same time, both platforms continue to face state-level legal pressure, as gambling is a state-regulated activity in the U.S. and multiple states have alleged that the platforms need gambling regulator licenses to operate in the state.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

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Lazarus Group Malware Targets Crypto, Business Execs via macOS

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Lazarus Group Malware Targets Crypto, Business Execs via macOS

Security researchers have linked a new macOS malware campaign to the Lazarus Group, the North Korea-linked hacking operation behind some of the crypto industry’s biggest thefts.

Flagged on Tuesday, the new “Mach-O Man” malware kit is distributed via “ClickFix” social engineering schemes across traditional businesses and crypto companies, according to Mauro Eldritch, offensive security expert and founder of threat intelligence company BCA Ltd.

Victims are lured into a fake Zoom or Google Meet call where they are prompted to execute commands that download the malware in the background, allowing attackers to bypass traditional controls without detection to gain access to credentials and corporate systems, the security researcher said in a Tuesday report.

Researchers said the campaign can lead to account takeovers, unauthorized infrastructure access, financial losses and the exposure of critical data, underscoring how Lazarus continues to expand its targeting beyond crypto-native companies.

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The Lazarus Group is the main suspect in some of the largest-ever cryptocurrency hacks, including the $1.4 billion hack of Bybit exchange in 2025, the industry’s largest so far. 

Fake Mach-O Man Kit apps. Source: ANY.RUN

“Mach-o Man” kit seeks to implement hidden stealer malware

The final stage of the campaign is a stealer designed to extract browser extension data, stored browser credentials, cookies, macOS Keychain entries and other sensitive information from infected devices.

Final staging director for Stealer malware. Source: Any.run

After collection, the data is archived into a zip file and exfiltrated through Telegram to the attackers. Finally, the malware’s self-deletion script removes the entire kit using the system’s rm command, which bypasses user confirmation and permissions when removing files.

The novel malware kit was reconstructed by the security expert through cloud-based malware sandbox Any.run’s macOS analysis capabilities.

Related: CZ sounds alarm as ‘SEAL’ team uncovers 60 fake IT workers linked to North Korea

Earlier in April, North Korean hackers used AI-enabled social engineering schemes to steal about $100,000 worth of funds from crypto wallet Zerion, after gaining access to some team members’ logged-in sessions, credentials and the company’s private keys, Cointelegraph reported on April 15. 

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Magazine: 53 DeFi projects infiltrated, 50M NEO tokens could be ‘given back’: Asia Express