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London-based asset management firm Abraxas Capital deposited 4,835 BTC, worth $378 million, to Kraken in the past hour, Lookonchain reported. The firm also deposited 6,000 XAUT ($28 million) across Binance, Bybit, OKX, and Bitfinex. Deposits to exchanges are typically interpreted as a precursor to selling.

The three major U.S. stock indices opened higher today. - S&P 500: +0.38% - Nasdaq: +0.6% - Dow Jones: +0.1%

The European Central Bank (ECB) is collaborating with the European Card Payments Cooperation (ECPC), Nexo, and the Berlin Group to reduce the costs associated with introducing the digital euro. According to Cointelegraph, the agreement will enable the ECB to leverage existing open payment standards to support a range of payment methods, including "tap-to-pay" transactions, connections between merchants and payment services, and phone number-based transfers.

Coinbase announced on April 24 that it will list BLEND for spot trading.

Tron (TRX) founder Justin Sun has deposited 120 million SPK, valued at $5.51 million, to HTX, according to a report from ai_9684xtpa. The tokens were acquired through Spark (SPK) airdrops and staking. Deposits to an exchange are often interpreted as an intention to sell.

South Africa has drafted new regulations that would significantly tighten its oversight of cryptocurrencies, BeInCrypto reported. Under the proposal, authorities could demand the private keys required to access crypto assets, with refusal constituting a criminal offense. Additionally, individuals holding cryptocurrencies like Bitcoin above a certain threshold would be required to report their holdings within 30 days. The draft also stipulates that large-value transactions could only be conducted through licensed platforms.

Whale Alert reported that 2,820 BTC has been transferred from Abraxas to Kraken. The transaction is valued at about $221 million.

A net $1.1 billion in Ethereum has been withdrawn from exchanges this week, according to DeFi analytics firm Sentora. The firm explained that investors are moving their assets into self-custody amid concerns over smart contracts. Sentora added that this capital flight is shrinking market liquidity, leaving the on-chain environment in an unstable state.

Iranian Foreign Minister Abbas Araghchi is scheduled to visit Islamabad, Pakistan, for negotiations with the United States, Walter Bloomberg reported. Pakistani authorities announced that a U.S. logistics and security team has already arrived in the country, adding that a second round of negotiations between the U.S. and Iran is scheduled to take place.

The decoupling between Bitcoin and the U.S. Dollar Index (DXY) has significantly strengthened recently. According to CoinDesk, the 30-day correlation coefficient between the two assets has dropped to -0.90, its lowest point since September 2022. This indicates a growing tendency for Bitcoin to rise when the dollar shows weakness. The media outlet noted that Bitcoin's rally paused after it surpassed $79,000, which coincided with the DXY's rebound from 97.63 to 98.65 over the same period.

OKX has announced that it will list the GRASS/USDT spot trading pair at 2:00 p.m. UTC today.

Binance has announced that it will delist its VINE/USDT and AI/USDT perpetual futures contracts at 10:00 a.m. UTC on April 28.

The current market skew towards BTC short positions could serve as a catalyst for a price increase, according to one analyst. Crypto Tice, a crypto analyst with 310,000 subscribers, noted that Bitcoin funding rates have entered an extremely negative zone, a situation he described as very unusual. He explained that this indicates the entire market is leaning short, with traders paying to bet on a price decline. However, citing market data from the past 10 years, Tice argued that extremely negative funding rates are historically a bullish signal, not a bearish one. He suggested that when funding rates fall this low, short sellers become the liquidity base for the next rally, adding that a more negative rate leads to a stronger short squeeze. Tice concluded that current rates are similar to levels seen just before previous major bull markets.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for POL and GMT starting at 11:00 a.m. UTC on April 29, due to a Polygon hard fork.

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom displays the CVD. - The Volume Heatmap at the top tracks trading volume at specific price levels. The background color brightens when the price remains in a certain range or moves significantly. These brighter areas can indicate potential support and resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by their monetary value. As buy orders for a specific category increase, the corresponding colored line rises. - Yellow line: Orders between $100 and $1,000. - Brown line: Large-scale orders between $1 million and $10 million.

The top-ranking whale from an event for major Official Trump (TRUMP) token holders deposited 2.2 million TRUMP, worth $6.29 million, to Binance approximately 10 minutes ago, AmberCN reported. Such deposits to exchanges are often interpreted as a precursor to selling.

Eight Chinese government departments, including the People's Bank of China, have announced a ban on online marketing services related to the issuance and trading of cryptocurrencies. Effective Sept. 30, only government-approved platforms will be permitted to conduct online marketing for crypto-related activities.

India is exploring the use of its central bank digital currency (CBDC), the e-rupee, for government welfare payments as a way to broaden its adoption, CoinDesk reported. The Reserve Bank of India is currently conducting a pilot program to distribute a portion of its $80 billion in welfare spending via the e-rupee. The initiative aims to reduce fraud in the subsidy distribution process and establish practical use cases for the digital currency.

Israel's defense minister has set strike targets within Iran that go beyond military objectives to include those capable of inflicting significant economic damage, according to Israel's Channel 12. Should hostilities with Iran resume, Israel plans to carry out large-scale strikes targeting the country's infrastructure and energy sectors.

South Korean crypto exchange Bithumb announced it will temporarily suspend deposits and withdrawals for Injective (INJ) starting at 9:00 a.m. UTC on April 28 to support the token's network upgrade.

Iranian Vice President Ismail Saghab Isfahani stated on April 24 that Iran would retaliate forcefully against any attack on its energy facilities. Speaking at a rally in Eslamshahr, Isfahani warned that Iran would adopt a more severe response strategy if its enemies were to miscalculate the situation again. He said that Iran's response to a potential attack would not be limited to a proportional, eye-for-an-eye measure, which he described as merely the first step. He added that if even a single Iranian oil well were attacked, Iran would target the oil fields of the aggressor nation. Isfahani emphasized that Iran is fully prepared to maintain its energy supply and that its energy and power sectors are ready, reassuring the public that there is no cause for concern.

Bitcoin is expected to reach $80,000 within a few days, according to Gabe Selby, head of research at the UK-based crypto benchmark index provider CF Benchmarks. In an interview with DL News, Selby explained that institutional investors are driving the current rally, with capital inflows coming from advisory firms and large asset managers rather than from short-term traders or hedge fund arbitrage. He added that Bitcoin successfully passed a stress test over the past weekend. Despite a $300 million hack on a major DeFi protocol that triggered a $10 billion outflow from various crypto projects, investor sentiment in Bitcoin remained solid, and the damage was limited to a few projects. Selby also noted that a strong stock market is again boosting the crypto sector, pointing to the 90-day moving correlation coefficient between Bitcoin and the tech-heavy Nasdaq 100, which has risen from 0.49 in early October of last year to 0.58 this month. This strengthening coupling signals a broader recovery in risk-on sentiment, he said.

It could take at least 10 years for Bitcoin to be recognized as a safe-haven asset, according to on-chain analyst Willy Woo. In a post on X, Woo explained that while BTC has the structural properties of a safe haven—such as the ability to cross borders holding only a seed phrase and its independence from the traditional financial system—it still behaves like a risk asset. He noted that during periods of macroeconomic uncertainty or war, Bitcoin remains highly susceptible to market volatility, largely because institutions and other large-scale capital investors do not yet view it as a sufficiently proven asset. This causes BTC's price to move in a similar pattern to the Nasdaq, Woo added. The market believes it will take at least a decade for this perception to change, at which point Bitcoin could grow to a level that competes with gold's market capitalization.

According to data from CoinGlass, an estimated $878.85 million in long positions across major centralized exchanges could be liquidated if Bitcoin's price falls below $76,829. Conversely, a move above $79,178 could trigger the liquidation of $841.04 million in short positions.

THORChain (RUNE) has announced its support for Zcash (ZEC). Native ZEC swap functionality will be rolled out in phases.