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BNB Chain-based protocol IOTrader announced it has raised $3.8 million in a strategic investment round. Participants included Animoca Brands, ViaBTC Capital, Everwood Capital, CANDAQ, WAGMI Ventures, and Web3 Labs.

FocusAI, the largest shareholder of the Busan Digital Asset Exchange (BIDAN), is pursuing the acquisition of fellow South Korean crypto exchange Flybit, Bizwatch reported. The two companies are reportedly in the final stages of discussion over details, including the sale of shares held by Flybit's CEO and largest shareholder, Kim Seok-jin. Flybit registered as a Virtual Asset Service Provider (VASP) in 2021 but later withdrew from the won-denominated market after failing to secure a required real-name account partnership with a bank.

A recent shift in Dunamu's shareholder structure is viewed as a positive development for a potential merger and acquisition with Naver Financial, ZDNet Korea reported. Hanwha Investment & Securities and Hana Bank have agreed to acquire 1,361,050 shares (3.90%) and 2,284,000 shares (6.55%), respectively, from Kakao Investment. This reduces Kakao Investment's stake from 10.58% at the end of last year to just 0.13%, removing a potential opponent to the merger. The involvement of major financial companies, known for their regulatory compliance capabilities, is expected to create a more favorable environment for the deal. The lack of regulatory sanctions against these moves is also considered a positive sign.

An anonymous crypto whale was robbed of approximately $6.7 million in assets after being physically threatened, FinanceSpeed reported, citing on-chain analyst Spectre. The attacker withdrew 1,554 ETH and 10.5 BTC from the victim's Kraken account, along with 34.1 cbBTC from a Coinbase account. According to the report, transaction records show the withdrawals were systematic and swift, suggesting the victim was likely coerced into making the transfers. Over $5.3 million of the stolen funds were subsequently moved through multiple wallets and deposited into Tornado Cash, making them difficult to trace.

BitMEX founder Arthur Hayes said that a new all-time high for HYPE is imminent, adding that the token is getting much closer to his $150 price target. HYPE is currently about 3.5% away from its previous high of $59.30 and has risen approximately 46% over the past seven days.

Ripple's prime brokerage platform for institutional investors, Ripple Prime, has partnered with U.S.-based institutional crypto platform EDX Markets to expand its trading services, Cointelegraph reported. Through the partnership, the two firms will provide institutional clients with liquidity in both spot and perpetual futures markets.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.08% long, 49.92% short - Binance: 50.74% long, 49.26% short - OKX: 51.19% long, 48.81% short - Bybit: 49.38% long, 50.62% short

Kate Fraher, the former Chief Risk Officer (CRO) of the crypto-friendly Silvergate Bank that closed in 2023, has argued that regulatory pressure, not a bank run, caused its failure. According to Cointelegraph, Fraher made her first public statement on the matter after the U.S. Securities and Exchange Commission (SEC) recently abolished its so-called 'gag rule' restricting public comments from settling parties. Fraher settled with the SEC in 2024, agreeing to a $250,000 civil penalty and a five-year ban from serving as an officer. She explained that she settled only to avoid years of legal battles, maintaining that no financial authority ever proved Silvergate had flawed Anti-Money Laundering (AML) controls. While acknowledging that the bank lost about 70% of its deposits after the FTX collapse, Fraher claimed that by early 2023, it had readjusted its capital and personnel and was able to continue operations. She insisted, however, that regulatory pressure on the broader crypto industry made it difficult to sustain the business.

Hyperliquid's (HYPE) fully diluted valuation (FDV) has surpassed that of Solana, reaching $54.36 billion compared to Solana's $54.02 billion, according to CoinMarketCap data.

The Iranian government is estimated to hold approximately $7.7 billion in cryptocurrency, Fox Business reported, citing analysis from a threat detection data firm. The U.S. Treasury Department has previously frozen about $500 million in Iran-linked crypto, with $344 million frozen last month alone. Chris Perkins, CEO of 250 Digital Asset Management, explained that while cryptocurrency is often perceived as a tool for evading sanctions, it can actually be advantageous for law enforcement tracking. The outlet noted that the U.S. government could intensify pressure on Iran by blocking cryptocurrency exchanges from accessing the U.S. banking system.

Bitcoin's price momentum has slowed from its peak, but the current phase signals consolidation rather than a market collapse, according to crypto data analytics firm Swissblock. The firm noted that its price momentum indicator, which ranges from -1 to 1, has decreased from a high of 0.9 in mid-May to around 0.7. Swissblock stated that as long as the indicator does not fall below -0.5, the market should be viewed as consolidating. "A similar situation occurred in June and July of last year when momentum also declined from a peak but remained above the -0.5 threshold," the firm explained. "Following that period of consolidation, the price eventually rallied to a new high. The same logic applies to the current market conditions."

Ethereum (ETH) founder Vitalik Buterin's interventions have reportedly led to a significant departure of talent from the Ethereum Foundation (EF). Crypto journalist Laura Shin, citing Synthetix founder Kain Warwick, reported that foundation members were like missionaries who worked without large salaries or equity. Warwick suggested that some have left for the Solana Foundation, where they might be earning $2 million annually. He claimed that co-Executive Director Tomasz Stańczak could have led the foundation to success, but Buterin stepped in and dismissed him. This caused disillusioned employees who had once been hopeful to resign and leave. Warwick also alleged that Executive Director Aya Miyaguchi tried to prevent people from succeeding.

Bitwise CEO Hunter Horsley stated that "revenue chains" are an emerging trend in the cryptocurrency market, with Hyperliquid (HYPE) and Solana (SOL) positioned as key beneficiaries. He explained that while the two projects have some overlap, they also possess distinct features. According to Horsley, both chains boast strong communities, high usage, and diverse use cases. He drew a parallel to the growth of iOS and Android during the mobile era, suggesting that Hyperliquid and Solana are similarly poised to grow together by capitalizing on the structural shift of capital markets moving on-chain.

Global hedge fund Millennium Management has significantly reduced its holdings in spot Bitcoin and Ethereum ETFs, according to a 13F filing with the U.S. Securities and Exchange Commission. The firm reported that its holdings of BlackRock's spot Bitcoin ETF (IBIT) decreased by 43.8%, from 34.334 million shares at the end of December to 19.287 million shares by the end of March. During the same period, its holdings in BlackRock's spot Ethereum ETF (ETHA) fell by 34.3%, from 25.1 million to 16.5 million shares.

The Coinbase BTC Premium Index has remained negative for six consecutive days, currently standing at -0.0919%, according to BlockBeats. The metric measures the price difference between BTC on Coinbase and the global market average. A negative premium typically suggests increased selling pressure in the U.S. market and weakened investor sentiment.

According to a 13F filing with the U.S. Securities and Exchange Commission (SEC), Macquarie Group reduced its holdings in BlackRock's spot Bitcoin ETF (IBIT) from 5.126 million shares at the end of last December to 4.139 million shares by the end of March this year. The value of these assets decreased from approximately $255 million to $159 million. During the same period, the group's holdings of the Ethereum spot ETF (ETHA) also shrank by 9.5%, falling from 3.634 million shares to 3.289 million.

B.AI, a financial infrastructure project for AI agents that combines AI and Web3, announced on X that it now supports deposits for HTX and WBTC. According to the announcement, the Tron and Ethereum networks support both HTX and WBTC, while the BNB Chain supports only HTX.

SmarterWebCompany, a firm listed on the London Stock Exchange, announced the purchase of an additional 19 BTC. The company's total holdings now stand at 2,859 BTC.

South Korean crypto exchanges Bithumb and Coinone announced they have placed Map Protocol (MAPO) on their respective delisting watchlists. The exchanges explained the decision was made after confirming a security incident, such as a hack with an unconfirmed or unpatched cause, affecting the asset's wallet or the distributed ledger where it is issued, transmitted, and stored.

Nasdaq-listed AI Financial (formerly Alt5 Sigma), a major holder of WLFI tokens, has pushed back against being characterized as a mere 'WLFI hoarding company.' A company spokesperson told CoinDesk that AI Financial continues to operate its fintech and digital payments businesses while pursuing long-term strategies in digital assets, payment infrastructure, tokenization, and next-generation financial technology. The spokesperson asserted that labeling the company as a simple hoarding entity does not accurately reflect the true scope of its operations. This statement follows a previous filing with the U.S. Securities and Exchange Commission (SEC) in which AI Financial disclosed that its continued existence was uncertain. The filing noted the company held only $10.5 million in cash, while a significant portion of its assets—its WLFI tokens—remain locked up.

The hacker who attacked Transit Finance has transferred 832.9 ETH ($1.8 million) to Tornado Cash from an address starting with 0x9db8, CertiK reported. The platform previously detected signs of a hack worth approximately $1.88 million earlier this month.

According to the latest on-chain data from Glassnode, approximately 20% of Bitcoin's total supply is exposed to quantum computing attacks due to user behavior and wallet management habits, not flaws in the protocol's design. BeInCrypto reports that this amounts to 4.12 million BTC, a figure 2.1 times greater than the 1.92 million BTC structurally exposed due to older scripts like Pay-to-Public-Key (P2PK). The vulnerability stems from practices such as address reuse and partial spending, which expose public keys on-chain that should otherwise remain hidden behind a hash. This exposure could allow future high-performance quantum computers to reverse-engineer private keys. Glassnode specifically noted that 1.66 million BTC held by exchanges are exposed to this operational risk.

A new wallet just withdrew 11,827 ZEC, worth $7.96 million, from Binance, according to Lookonchain. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The upper section displays a Volume Heatmap, while the lower section shows the Cumulative Volume Delta (CVD). - The upper Volume Heatmap tracks trading volume at specific price levels. The background color brightens when the price lingers in a particular range or experiences significant movement, with these brighter areas potentially acting as support or resistance. - The lower Cumulative Volume Delta (CVD) indicator shows buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line represents orders between $100 and $1,000, while the brown line indicates large orders between $1 million and $10 million.

According to a report from Glassnode, Bitcoin's (BTC) upward momentum is weakening due to slowing spot demand, reduced ETF inflows, and an excessive accumulation of long positions, even as its market structure remains sound. The firm noted that while BTC has maintained a relatively stable price above key support levels and institutional participation in the futures market is recovering, spot demand, particularly from U.S. institutions, has not yet fully rebounded. The pace of ETF inflows has also decelerated. Glassnode added that sentiment in the options and volatility markets is becoming more conservative at current price levels. The market is currently driven more by derivatives trading than by spot-based strength. Consequently, BTC is likely to continue trading within a broad range until the liquidity environment improves and strong spot buying returns.