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Trump-backed WLFI moves to unlock 62 billion tokens after $75 million loan controversy

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Trump's World Liberty Financial borrowed millions from a protocol its own advisor co-founded

The Trump family-backed World Liberty Financial has proposed unlocking 62.3 billion WLFI governance tokens on Tuesday, less than a week after CoinDesk reported the venture had used 5 billion of its own tokens as collateral on lending platform Dolomite to borrow $75 million in stablecoins.

WLFI’s token was originally sold as a governance-only token with no transferability and indefinite locks. A vesting schedule with a defined path to liquidity changes the economic profile of what holders bought.

The proposal would open up liquidity for insiders who previously had no exit, changing the economics of the token.

The proposal splits the locked supply into two groups. Early supporters holding 17 billion WLFI would receive a 2-year cliff followed by a 2-year linear vest, retaining all tokens.

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Founders, team members, advisors, and partners holding 45.2 billion WLFI would face a 2-year cliff and 3-year vest, but with 10% of their allocation, roughly 4.5 billion tokens, burned immediately on passage. (Burns refer to the permanent removal of tokens from supply, usually by sending to an address that is not controlled by anyone.)

In practice, it means insiders would surrender 4.5 billion tokens in exchange for beginning to unlock 40.7 billion that were previously locked indefinitely with no vesting schedule attached. Those tokens had no path to liquidity before this proposal.

WLFI included participation data from its six prior votes in the Wednesday post, showing that even the most engaged proposal – the vote to make the token tradeable – drew 11.1 billion WLFI in voting power.

The quorum for this proposal is 1 billion, with a simple majority required to pass. At those thresholds, the proposal could pass with a fraction of the founders and team allocation alone.

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Holders who do not affirmatively accept the new vesting terms keep their tokens locked indefinitely and retain governance voting rights.

The timing comes on the back of events of the past week.

CoinDesk reported on April 9 that WLFI had deposited 5 billion of its own governance tokens into Dolomite, a lending protocol whose co-founder advises WLFI, and borrowed $75 million in stablecoins that were partially routed to Coinbase Prime.

The WLFI token dropped 12% to a record low the following day. Then, Tron founder Justin Sun, once the project’s largest backer, publicly accused the team of treating users as “personal ATMs,” prompting WLFI to threaten legal action.

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The token was trading near $0.079 on Tuesday, down roughly 48% from the average price at which WLFI’s own treasury conducted $65.6 million in open-market buybacks over the past six months.

Voting on the Wednesday proposal runs for a seven day period.

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Bitdeer Hits 70 EH/s, Leads Bitcoin Mining by Compute

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR

  • Bitdeer increased its self-mining hashrate to 70 EH/s in March 2026 and led peers by computing power.
  • Bitdeer produced 661 self-mined bitcoins in March, marking a 480% increase from the previous year.
  • The company expanded its total hashrate under management to 78.1 EH/s by the end of March.
  • Bitdeer controls about 225,000 self-owned mining rigs out of 262,000 machines under management.
  • The firm is scaling toward 3.0 gigawatts of global energy capacity across active and planned sites.

Bitdeer expanded its self-mining capacity to 70 EH/s in March 2026 and led global peers by compute power. The company produced 661 self-mined bitcoins during the month, marking a 480% increase year over year. It also increased total hashrate under management to 78.1 EH/s, while advancing its AI infrastructure business.

Bitdeer Expands Fleet and Energy Capacity

Bitdeer reported 661 self-mined bitcoins in March 2026, up 480% from last year. The company raised its self-mining hashrate to 70 EH/s during the month. It stated that this level made it the largest miner by computer power.

Earlier, Bitdeer reported 71 EH/s in total hashrate under management at year-end. At that time, its self-mining capacity stood at 55.2 EH/s. Now, the total managed hashrate has increased to 78.1 EH/s, including hosted machines.

The firm controls about 225,000 self-owned rigs out of 262,000 machines under management. It also continues expanding toward 3.0 gigawatts of global energy capacity. This figure includes both active operations and projects in the pipeline.

The global Bitcoin hashrate stands at about 855 EH/s, according to The Block data. Although the network recorded a quarterly decline, capacity remains elevated compared to past levels. Bitdeer increased deployed power even as network conditions shifted.

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The company also advanced its AI Cloud operations during March. It reported AI Cloud utilization of 94%, up from 64% in February. Annual run rate for AI Cloud reached about $43 million, rising 105% month over month.

Matt Kong, Chief Business Officer, addressed the update. He said, “This momentum underscores both the scale of the market opportunity and our ability to execute effectively.” The company confirmed continued deployment of high-performance AI infrastructure.

Bitdeer continues introducing new mining hardware into its fleet. It finalized assembly plans for the SEALMINER A4 series, which reports efficiencies near 9.45 J/T. In February, it launched the SEALMINER DL1 Air series for Scrypt-based networks.

CleanSpark and Canaan Report March Output

CleanSpark produced 658 bitcoins in March and raised its year-to-date total to 1,799 BTC. The company reported an operating hashrate of 50 EH/s at month-end. It also recorded an average operating hashrate of 47.3 EH/s.

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The firm deployed 224,473 mining machines across its portfolio. Its fleet achieved a peak efficiency of 16.07 J/Th. Management stated that the average monthly hashrate increased by 11% during the quarter.

CleanSpark controls more than 1.8 gigawatts of power, land, and data centers in the United States. Of that total, it currently utilizes 808 megawatts. CEO Matt Schultz confirmed expansion efforts into AI and high-performance computing.

He said the company is making “headway toward securing our first hyperscale customer.” The firm continues discussions with potential AI infrastructure clients. It maintains focus on both mining output and data center utilization.

Canaan reported production of 89 BTC in March. Its crypto holdings reached 1,808 BTC and 3,952 ETH at month-end. The company deployed 10.97 EH/s, excluding 4.4 EH/s from a joint venture.

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Canaan purchased Cipher Mining’s 49% equity interest in three West Texas facilities in February. Its global installed power capacity reached 266.3 megawatts. Joint ventures contributed another 120 megawatts to total capacity.

CEO Nangeng Zhang commented on the update. He said, “We continued to grow our deployed hashrate and installed power capacity.” The company added over 10 megawatts during March.

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Pi Network price at support as MACD momentum exhausts

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Will Pi Network price recover to $0.20 as bearish MACD momentum exhausts at the support floor? - 2

Pi Network price is trading at $0.1672 on April 15, with the daily MACD histogram printing at exactly 0.0000 for the first time since the February all-time low, raising the question of whether the extended bearish phase that carried price from the $2.99 peak to the $0.1351 floor is finally losing its downward force.

Summary

  • Pi Network price is at $0.1672, +0.48%, on April 15, as the daily MACD histogram reads 0.0000 for the first time since the $0.1351 all-time low on Feb. 11, marking the first pause in bearish momentum expansion during the current downleg.
  • The daily SMA ribbon remains fully bearish with all four moving averages stacked above price: SMA 20 at $0.1715, SMA 50 at $0.1852, SMA 100 at $0.1807, and SMA 200 at $0.2029.
  • A daily close above the SMA 20 at $0.1715 is the first recovery signal and opens $0.20 as the nearterm target; the annotated resistance at $0.2804 is the extended objective, while a daily close below $0.1351 invalidates the support thesis entirely.

Pi Network (PI) price is at $0.1672 on April 15, up 0.48% on the session, as the daily chart posts the first MACD histogram reading of exactly 0.0000 since the Feb. 11 all-time low at $0.1351. The flattening of the histogram at zero does not confirm a reversal on its own, but it marks the first session since the all-time low where the force of the downtrend has mathematically paused, occurring as price stabilizes directly above the annotated structural floor. The 24-hour volume stands at 14.7M PI, reflecting the consolidation conditions that have held since the bounce off the all-time low.

The full SMA ribbon remains bearish. SMA 20 at $0.1715, SMA 50 at $0.1852, SMA 100 at $0.1807, and SMA 200 at $0.2029 form sequential overhead resistance. None of the four averages have been reclaimed on a daily close since price broke below them in the fourth quarter of 2025. The key variable now is whether the MACD histogram moves from zero into positive territory, which would signal that momentum has shifted from deceleration to acceleration in the bull direction.

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The MACD (12,26,9) on the Pi Network daily chart has printed a histogram reading of 0.0000 on April 15, with the MACD line at -0.0052 and the signal at -0.0052. Both lines remain below zero, confirming the macro trend is still bearish. The histogram reaching zero from below means the gap between the MACD and signal lines has collapsed to nothing, a necessary precondition before any bullish crossover can occur. In prior PI trading cycles, histogram readings approaching zero from the negative side have preceded short-term recoveries toward the nearest SMA resistance level.

Will Pi Network price recover to $0.20 as bearish MACD momentum exhausts at the support floor? - 2

The signal arrives at the most structurally significant level on the chart. The $0.1351 all-time low, set on Feb. 11, 2026, is the annotated support floor on the daily chart. It has held without a daily close below it since that date. Price bouncing repeatedly from this level while the MACD contracts toward zero describes the conditions for a potential base-building setup, conditional on the SMA 20 being reclaimed.

Pi Network completed its mainnet upgrade to Protocol v21 on April 14, introducing performance enhancements as the foundational step toward smart contract support via Protocol v23.0, scheduled for May 18. The v22.1 node upgrade deadline falls on April 22, the next milestone on the road to that smart contract launch.

Key Levels: Support, Resistance, and Price Targets

The $0.1351 all-time low is the structural floor. A daily close below it has not occurred since Feb. 11 and would expose uncharted territory with no prior chart reference below that level.

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On the upside, the SMA 20 at $0.1715 is the immediate resistance and the first level a recovery must clear. A daily close above $0.1715 opens $0.20, which has capped multiple recovery attempts in 2026. The annotated horizontal resistance at $0.2804 is the extended bull case target if $0.20 is cleared and held on a daily close. The SMA 50 at $0.1852 sits between $0.1715 and $0.2804 and represents the midpoint resistance in any recovery sequence.

Invalidation: a daily close below $0.1351.

On-Chain and Market Data Context

Approximately 230 million PI tokens are scheduled to unlock over the next 30 days, adding consistent sell pressure to any technical recovery attempt. A single whale address has accumulated approximately 350 million PI, becoming the network’s sixth-largest holder, a signal of conviction accumulation at structural support even as the unlock schedule weighs on spot price.

Analyst @kwalaintel (40.2K followers on X) flagged that Pi faces “a major structural headwind” from daily token unlocks, identifying the supply and demand tension as the key variable that technical patterns alone cannot resolve. If the MACD histogram moves from zero into positive territory on a daily close, the SMA 20 at $0.1715 becomes the primary nearterm target, with $0.20 as the level that would confirm a sustained recovery attempt is underway.

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Shiba Inu Enters Rakuten Wallet Payment Network in Japan

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TLDR

  • Rakuten Wallet confirmed it will list Shiba Inu and support trading against the Japanese yen.
  • The platform will allow users to buy Shiba Inu using Rakuten Points and Rakuten Cash.
  • Shiba Inu will connect to more than five million merchant locations through Rakuten Pay.
  • Rakuten Pay currently serves about 44 million users across Japan.
  • Rakuten Wallet postponed the April 15 launch date and will announce a new schedule soon.

Shiba Inu (SHIB) is entering Japan’s retail payment space through Rakuten Wallet’s upcoming platform expansion. The company confirmed it will list the token and connect it to its payment network. However, the rollout has faced a delay, and Rakuten will confirm a new date.

Shiba Inu Listing Expands Access Across Rakuten Ecosystem

Rakuten Wallet announced it will list Shiba Inu alongside XRP and XLM. The exchange will enable SHIB trading against the Japanese yen. It will also integrate SHIB into Rakuten’s payment infrastructure.

The company stated that users can purchase SHIB with Rakuten Points and Rakuten Cash. This feature links the token to more than five million merchant locations nationwide. As a result, SHIB will function within Rakuten Pay’s retail system.

Rakuten Pay currently serves about 44 million registered users across Japan. Therefore, the listing will expose Shiba Inu to a broad consumer base. Shibizens, a Shiba Inu-focused X account, said the move marks “a direct entry into daily payments.”

Reports indicate that over $23 billion worth of Rakuten Points circulate within the loyalty network. Users will now earn and spend SHIB through this points ecosystem. Consequently, Rakuten connects digital assets with its established rewards infrastructure.

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Market Reaction and XRP, XLM Pairings Confirmed

Rakuten Wallet confirmed that it will list XRP and XLM with SHIB. The platform plans to support trading pairs denominated in Japanese yen. However, the company postponed the initial April 15 launch date.

A community member known as Kuro shared the update on social media. Kuro stated that Rakuten Wallet will publish the revised schedule on its official website. Therefore, users must wait for confirmation before trading begins.

Ahead of the planned listing, Shiba Inu reached $0.000006 on April 14. At press time, SHIB traded at $0.0000005834, down 0.02% in 24 hours. The token also recorded a 2.42% weekly decline.

Despite the short-term dip, SHIB price trades above its 50-day moving average of $0.00000584. Analysts identified the $0.000006 to $0.0000062 range as immediate resistance. Price action near this zone reflects limited upward momentum.

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Rakuten Wallet stated that it will announce the new listing date soon. Until then, SHIB remains available on other exchanges but awaits activation on Rakuten’s platform. The company will publish further updates through its official channels.

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Solana Policy Institute-backed PAC spends millions to jam Sherrod Brown’s Senate run

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Solana Policy Institute-backed PAC spends millions to jam Sherrod Brown's Senate run

A conservative U.S. political action committee backed by the Solana Policy Institute — the Sentinel Action Fund — has committed to a massive advertising spend on the political opponent of former Senator Sherrod Brown, a Democrat and prominent crypto skeptic who is trying to return to Washington in this year’s Ohio Senate election.

Sentinel and its affiliated nonprofit, Right Vote, committed $8 million to Jon Husted, the Republican named to fill Vice President JD Vance’s seat, according to a Wednesday statement. The committee accused his opponent, Brown, who had been the chairman of the Senate Banking Committee prior to losing his seat in 2024, of having “stood in the way of pro-innovation policies when it comes to digital assets.”

The super PAC is partially funded by the Solana Institute and crypto venture firm Multicoin Capital, in addition to several high-profile financial figures such as Blackstone CEO Stephen Schwarzman, Ken Fisher of Fisher Investments, AQR Capital Management co-founder Cliff Asness and Paul Singer, the billionaire co-CEO of hedge fund Elliott Management who has a stake in Michael Saylor’s bitcoin behemoth, Strategy.

The leading donor to the PAC, though, is a nonprofit, Townsend Six Corp., which was established in late 2024 and backed by an $8 million contribution from an unidentified donor.

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The Ohio election will be among the hotly contested Senate battles that decide the majority of that chamber for next year. While the lineup of open seats had been a difficult one for Democrats, the slip in Republican popularity during the administration of President Donald Trump has given Democrats a chance to retake that majority.

While polling last year had indicated that Husted had a strong lead over Brown, more recent polls have shown the race going neck and neck.

Sentinel joins the crypto industry’s leading PAC, Fairshake, and this month’s newly emerging Fellowship PAC, as entities supporting pro-digital assets candidates. When Brown was defeated in the 2024 elections, Fairshake had devoted $40 million to his opponent.

The Solana Policy Institute donated a total of $750,000 to the Sentinel Action Fund. The group, however, has split its party allegiances in its campaign spending. It gave $2 million to Republican congressional PACs and $1.5 million to Democratic PACs with opposing aims, according to Federal Election Commission records.

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If Democrats win the Senate, House of Representatives or both, it could shift the course of crypto legislation, though the industry has amassed significant bipartisan support in Congress and is likely to add more names in the November midterm elections.

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Cardano Founder Charles Hoskinson Challenges Bitcoin Quantum Plan

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TLDR

  • Charles Hoskinson questioned Bitcoin’s ability to protect legacy coins from future quantum threats.
  • Adam Back defended ongoing post-quantum research and dismissed criticism as financially motivated.
  • The debate focused on exposed public keys in early Bitcoin wallet addresses.
  • Hoskinson said securing legacy coins may require a hard fork.
  • Back described current quantum computers as theoretical and limited to laboratory experiments.

Charles Hoskinson challenged Bitcoin’s post-quantum roadmap after Adam Back defended current research efforts. Back rejected claims that developers ignore quantum threats and called such warnings financially driven. The exchange unfolded on X and centered on how Bitcoin would secure exposed legacy coins.

Back, who leads Blockstream, responded to rising concerns about quantum computing risks. He argued that critics spread fear to promote post-quantum startups and related stocks. He stated, “Mostly people with investments in PQ startups and stocks are those falsely claiming Bitcoin is doing nothing.”

Bitcoin Post-Quantum Strategy Faces Scrutiny

Back said current Cryptographically Relevant Quantum Computers remain theoretical and limited to laboratory settings. He described them as “blue sky research” still trapped in experiments. He contrasted that view with what he called the “actual fast pace of bitcoin PQ work.”

He maintained that developers continue to research quantum-resistant cryptography for Bitcoin. He argued that public criticism ignores ongoing technical discussions within the community. However, he did not outline a detailed timeline for deployment in his posts.

He also pushed back against claims that the network lacks preparation. He said critics become upset when confronted with technical realities. Therefore, he framed the debate as driven by misinformation rather than engineering gaps.

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Hoskinson responded directly to Back’s comments on X. He focused on legacy wallet structures that expose public keys on-chain. He questioned how developers would secure those coins without a hard fork.

Cardano Founder Raises Legacy Coin Concerns

Hoskinson pointed to early Pay-to-PubKey and reused P2PKH addresses. These addresses reveal public keys directly on the blockchain. A powerful quantum computer could use Shor’s algorithm to derive private keys from those public keys.

He warned that attackers could target dormant holdings, including coins linked to Satoshi Nakamoto.

He wrote, “Not sure how you address the legacy coins without a hard fork.” He added, “But best of luck. We are all watching.”

His comments highlighted the complexity of altering Bitcoin’s base rules. A hard fork would require broad network agreement and coordinated upgrades. Such changes often create debate within decentralized communities.

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Back did not directly address the hard fork scenario in his initial response. Instead, he reiterated that practical quantum threats remain distant. He maintained that Bitcoin research continues at a steady pace.

The discussion reflects ongoing technical disagreement between prominent industry figures. Both executives used X to state their positions publicly. As of the latest exchange, neither side announced new protocol changes or formal proposals.

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BlackRock Reports $935M Crypto Inflows, $18.7B AUM Fall

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TLDR

  • BlackRock recorded $935 million in digital asset inflows during the first quarter of 2026.
  • Market declines reduced BlackRock’s digital asset AUM by $18.7 billion in the same period.
  • The firm ended the quarter with $60.7 billion in digital assets under management.
  • Digital assets represented less than 0.5% of BlackRock’s total $13.9 trillion in AUM.
  • BlackRock’s iShares Bitcoin Trust increased its holdings to 785,240 BTC by quarter’s end.

BlackRock released its first-quarter 2026 results on April 14 and reported mixed digital asset figures. The firm drew $935 million in digital asset inflows during the quarter. However, market declines reduced its digital asset AUM by $18.7 billion.

BlackRock Digital Asset Inflows Reach $935 Million

BlackRock recorded $935 million in net inflows into digital asset products during the first quarter. The company disclosed the figures in its quarterly earnings report. Finbold reviewed the report on April 15 and confirmed the data.

However, market losses erased $18.7 billion from BlackRock’s digital asset AUM during the same period. The firm also reported a $5 million foreign exchange impact loss. As a result, digital assets closed the quarter at $60.7 billion in total value.

Digital assets accounted for less than 0.5% of BlackRock’s $13.9 trillion in total AUM. The category generated $42 million in base fees during the quarter. This figure represented about 0.77% of $5.4 billion in total base fees.

Digital assets also contributed 0.63% of BlackRock’s $6.7 billion in total revenue intake. For the full year, digital assets brought in $32.3 billion of $744 billion in net inflows. This share represented 4.3% of total net new inflows.

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IBIT Expands Bitcoin Holdings as ETHA Reduces Ethereum Exposure

BlackRock’s iShares Bitcoin Trust (IBIT) increased its Bitcoin holdings during the first quarter. The fund added nearly 15,000 Bitcoin to its portfolio. This move brought total holdings to 785,240 BTC by quarter end.

The company confirmed the updated holdings in its quarterly filing. The increase reflected continued capital allocation to Bitcoin exposure. However, the broader crypto market downturn affected asset valuations.

In contrast, BlackRock’s iShares Ethereum Trust (ETHA) reported lower Ethereum holdings in the quarter. The fund reduced its holdings by about 410,750 Ethereum. It closed the period with roughly 3.06 million ETH.

BlackRock continued to expand its digital asset offerings during the quarter. In March 2026, the firm launched the iShares Staked Ethereum Trust ETF (ETHB). The product combines spot Ethereum exposure with staking yield.

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The company also filed for the iShares Bitcoin Premium Income ETF (BITA). The proposed fund seeks to generate yield through a covered call strategy. It plans to use options on existing IBIT holdings.

BlackRock operates under CEO Larry Fink. The firm confirmed its ongoing product development efforts in digital assets during the quarter. It ended the period with $60.7 billion in digital asset AUM.

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S&P, Nasdaq hit records as BTC stalls at $75,000, 40% off October peak

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Bitcoin's 24-hour price (CoinDesk)

The tone in bitcoin has been more positive of late, but the rally from the February lows has been rather meek, with any attempts to return to $80,000 quickly getting shot down.

U.S. stocks, though, continue their remarkable run in the face of the Iran war, with the Nasdaq gaining 1.6% for its 11th consecutive daily advance and closing at a new record high above 24,000. The S&P 500 added 0.8% and also touched a new record above 7,000.

Bitcoin made another push to break above $75,000 on Wednesday, but the move stalled once again at a threshold that has repeatedly capped gains in recent months.

Bitcoin's 24-hour price (CoinDesk)

Trading recently around $75,134, bitcoin was higher by 1.45% over the past 24 hours, according to CoinDesk data.

Crypto-linked stocks moved higher alongside the broader risk-on tone. Coinbase (COIN) rose 6.2%, Robinhood (HOOD) jumped more than 10%, and bitcoin treasury firm Strategy (MSTR) gained 4.4%.

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While equities have fully recovered and pushed into new highs, bitcoin is still playing catch-up after its sharp February drop to $60,000.

“Since yesterday we’ve rejected from the top end of this two-month range,” said Jasper de Maere, trader at Wintermute. “It feels like the flow picture, which looked encouraging yesterday, is already being questioned.”

For now, he pointed to $72,000 as the key level to watch. Holding above it would keep the breakout narrative intact, allowing for further attempts at the range highs.

A break lower, however, could see bitcoin slip back into consolidation as volatility compresses, he added.

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63,000 BTC Profit Realized as Bitcoin Tops $76K; Market Rebound?

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Crypto Breaking News

Bitcoin’s rally above $76,000 cooled on Tuesday as short-term holders started taking profits at the strongest pace seen in 2026, even as longer-term investors continued to accumulate. The dynamic—profit-taking from new entrants meeting persistent demand from whales—could influence BTC’s ability to push into the $80,000 zone in the near term.

Data from on-chain trackers show a contrasting pair of behaviors: fresh buyers and short-term traders trimming gains versus entrenched holders quietly adding to their stacks. The tug-of-war helps explain why Bitcoin has paused near a key resistance level while still showing underlying bid support from larger investors.

Key takeaways

  • Short-term holders booked profits: Bitcoin in profit moved to exchanges reached 63,000 BTC on April 14, the highest in 2026, compared with a 44,800 BTC spike on January 14.
  • Fresh supply to exchanges and local profit-taking: The 1 day-to-1 week cohort transferred roughly 2,000 BTC back to Binance while BTC hovered near $76,000, suggesting coins are rotating into sell-side liquidity at a key resistance level.
  • Early-stage cooling signal from buyers: Crypto analyst Amr Taha described the move as the first clear wave of profit-taking after the retest of monthly highs, signaling a natural cooling of upside momentum.
  • Whales step in as buyers of last resort: Inflow of about 71,000 BTC into accumulation addresses represented the largest bullish influx since early 2022, as large holders absorbed available supply from short-term sellers.
  • Liquidation landscape hints at a near-term dip before a potential rebound: The market’s liquidity map shows a cluster of long liquidations around $73,000 (about $1.4 billion) and $70,500 (around $3.5 billion in long positions at risk), while a move toward $80,000 could expose roughly $2 billion in leveraged short bets.

Profit-taking versus whale-driven demand

On-chain analysis indicates a sharp contrast between the actions of newer market entrants and those of veteran holders. The surge in BTC moved to exchanges by short-term holders—63,000 BTC in profit on April 14—marks the highest such metric in 2026, following a notable spike of 44,800 BTC on January 14. This activity aligns with a broader pattern: investors new to the market take profits near obvious resistance, a tactic that can temper momentum in bear-market cycles.

Separately, the 1-day-to-1-week cohort reallocated nearly 2,000 BTC back to Binance during the same window, suggesting freshly acquired coins are being used to provision sell-side liquidity as BTC trades around the $76,000 mark. Crypto analyst Amr Taha framed this as the first clear wave of profit-taking after the retest of monthly highs, a signal that momentum may be cooling rather than reversing decisively.

Against this backdrop, a markedly different flow emerged from the so-called smart money. A tweet from market watcher CW highlighted a single-day inflow of more than 71,000 BTC into accumulation addresses—the largest bullish influx in years. This pattern implies that large holders are absorbing supply from the sellers, potentially stabilizing price action while preserving upside potential for longer-horizon players.

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Liquidity pockets and near-term price dynamics

The price action around the $76,000 area has been telling. After forming equal highs near that level, BTC faced a rejection at the 100-day exponential moving average, marking the first test of this resistance since mid-January. The immediate result was a pullback toward the mid-$70s, with prices dipping to around $73,500 in the near term.

Looking at the intraday liquidity landscape, buyers’ interest appears to accumulate around $73,000 and $72,000 on shorter timeframes. This could generate bid activity that would help sustain a trend continuation, should the market find fresh thrust from stronger hands.

Another lens on the risk surface comes from liquidation maps. The current heatmap shows roughly $1.4 billion in cumulative long liquidations concentrated near $73,000, and about $3.5 billion worth of long positions at risk near $70,500. On the flip side, an ascent toward $80,000 would expose around $2 billion in leveraged short positions. The spread between these long- and short-side risk zones suggests the market could retest the lower end of the range before attempting a meaningful move higher.

For context, investors should also note related coverage on the broader macro and product side of the Bitcoin market. A separate Cointelegraph report this week highlighted inflows into Bitcoin exchange-traded products as Goldman Sachs reportedly filed for a BTC ETF, signaling continued institutional interest and potential long-term demand drivers for the asset class. Bitcoin ETFs post $412M in inflows as Goldman Sachs files for BTC ETF.

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As observers weigh these flows, the critical question remains: will long-term holders’ accumulating pressure sustain a phase of consolidation, or can the market muster enough demand to push through the next major hurdle around $80,000? The answer may hinge on how new buyers balance the temptation to realize gains against the willingness of whales to absorb supply and push price higher in a market still grappling with macro uncertainty and evolving regulatory signals.

In the near term, traders should keep a close watch on how the price behaves around the $72,000–$73,000 range, where bid interest and on-chain liquidity could set the tone for the next move. Eyes also stay on broader market catalysts, including ETF-related flows and any shifts in risk sentiment that could tilt the balance between profit-taking and accumulation.

Related: Bitcoin ETFs post $412M in inflows as Goldman Sachs files for BTC ETF.

Bitcoin’s current dynamics illustrate a market that’s no longer dominated solely by momentum players. A growing chorus of long-term holders and institutions suggests that even as spot prices wobble around resistance, the supply-demand balance may remain tight enough to underpin a continuation of the bull narrative—albeit with increased volatility and intermittent retracements as traders calibrate risk and realize gains.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Trump-Backed World Liberty Proposes 62B Token Vesting Reset

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR

  • World Liberty has proposed converting 62.3 billion WLFI governance tokens from indefinite lockups into fixed vesting schedules.
  • Insiders who opt into the new terms must burn 4.5 billion WLFI, equal to 10% of their allocation.
  • Founders and team members would face a two-year cliff followed by a three-year linear vesting period.
  • Early supporters would follow a two-year cliff and a two-year linear vest without any token burn.
  • The proposal requires a quorum of 1 billion WLFI and a simple majority within a seven-day vote.

World Liberty Financial (WLFI) has proposed a sweeping change to its token lockup structure while outlining insider burn terms. The Trump-backed decentralized finance project seeks to convert 62,282,252,205 governance tokens into fixed vesting schedules. The plan would impose new cliffs, introduce token burns for insiders, and require holder approval through a formal vote.

World Liberty Sets New Vesting Terms and Insider Burn Condition

World Liberty said it would apply a two-year cliff to all holders who opt into the proposal. Insiders must permanently destroy 4.5 billion WLFI, equal to 10% of their 45,238,585,647 token allocation, upon acceptance. The team stated that holders who decline the new terms will remain locked indefinitely under existing agreements.

Founders, team members, advisors, and partners would face a two-year cliff followed by a three-year linear vest. Tokens would begin unlocking after year two and reach full distribution by year five. The proposal requires a quorum of 1 billion WLFI tokens, a simple majority for passage, and a seven-day voting window.

Early supporters holding 17,043,666,558 WLFI would follow a separate schedule under the plan. They would face a two-year cliff and then a two-year linear vest, with full distribution by year four. The team confirmed that this category would not burn any tokens under the revised structure.

The project stated that it would open a 10-day acceptance window after deploying the new functionality. Participants must affirmatively opt in to activate the revised vesting schedule. Those who do not respond will remain subject to indefinite lockups.

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Governance Proposal Follows Dispute and Ecosystem Updates

World Liberty launched WLFI in September 2025 and currently trades at $0.082. The price marks a 75.1% decline from its all-time high of $0.33, according to market data. The team linked the governance update to broader ecosystem expansion tied to USD1.

USD1 operates as a stablecoin deployed across multiple blockchain networks. The platform also supports lending and borrowing features within the WLFI interface. The team framed the vesting overhaul as part of this broader operational update.

The governance move follows a public dispute with Tron founder Justin Sun. Sun alleged that the WLFI smart contract includes an undisclosed blacklisting function. He said the function gives the team “unilateral power to freeze, restrict, and effectively confiscate the property rights of any token holder.”

Sun described himself as “the first and single largest victim” of the feature. He pointed to his wallet, which the project froze in September 2025 after he moved about $9 million in WLFI. In response, World Liberty accused Sun of “playing the victim while making baseless allegations to cover up his own misconduct,” and the team stated that it would address the matter in court.

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Tax Day Relief Skips Bitcoin Users Buried in Capital Gains Paperwork

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Tax Day Relief Skips Bitcoin Users Buried in Capital Gains Paperwork

US Treasury Secretary Scott Bessent marked Tax Day by praising the Working Families Tax Cuts, saying tens of millions of Americans now keep more of their paychecks. But for Bitcoin (BTC) users, the tax code tells a very different story.

Cato Institute research fellow Nicholas Anthony published a new analysis arguing that capital gains rules have made it nearly impossible to spend Bitcoin as money in the United States.

Bitcoin Spending Triggers a Paperwork Avalanche

Anthony explained that every purchase made with BTC requires users to record the acquisition date, the spending date, the original cost, and the gain or loss.

All of those details must land on IRS Form 8949 and Schedule D of Form 1040.

The result, he wrote, is staggering. A person who buys a cup of coffee every day with bitcoin could face more than 100 pages of filings by year-end. Form 8949 alone could run to roughly 70 pages for daily transactions.

“Capital gains tax rates are structured to incentivize long-term holding. This policy distorts the market by incentivizing buying and selling solely to mitigate tax losses. However, it’s especially distortionary in the context of money, given that long-term holding policies discourage what is generally considered ‘currency use,’” wrote Nicholas Anthony,

Congress Has Options, Anthony Says

Anthony outlined several potential fixes. The simplest would eliminate capital gains taxes entirely. A narrower approach would exempt cryptocurrency and foreign currency from capital gains treatment.

He also referenced the Virtual Currency Tax Fairness Act, which would create a de minimis exemption for gains under $200, though he argued the threshold should rise to match average household spending of $80,000.

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Meanwhile, payment infrastructure is moving faster than the tax code. Square recently launched no-fee Bitcoin payments at merchant terminals, and self-hosted wallets from Bull Bitcoin, Zeus, and Trezor have simplified consumer spending.

The post Tax Day Relief Skips Bitcoin Users Buried in Capital Gains Paperwork appeared first on BeInCrypto.

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