Live Feed

Korea Investment Holdings is considering acquiring a stake in South Korean crypto exchange Coinone, The Herald Business reported exclusively. According to the report, Coinone has emerged as a likely acquisition target following the start of an acquisition process for rival exchange Korbit by Mirae Asset Consulting, a non-financial affiliate of Mirae Asset Group. For its part, Coinone stated that it is discussing various possibilities and keeping its options open.

South Korean crypto exchange Bithumb announced it is resuming withdrawals for Drift (DRIFT). The exchange had temporarily suspended deposits and withdrawals for the token at 6:07 p.m. UTC on April 1, citing suspected security issues. Following the suspension, the price of DRIFT surged over 125% to a high of 241 won ($0.18) in its KRW trading pair.

Stakestone (STO) has surged approximately 290% over the past 24 hours and is currently trading around $0.85. The token briefly touched a high of $0.9847 earlier today. According to CoinMarketCap, STO is trading at $0.8582, up 290.62% from the previous day.

Alabama Governor Kay Ivey has signed a bill that recognizes decentralized autonomous organizations (DAOs) as legal entities, Cointelegraph reported. The legislation, known as the Decentralized Unincorporated Nonprofit Association Act (DUNA), was introduced by Republican State Senator Lance Bell in February and passed the state's House of Representatives on March 17. The new law grants DAOs full legal status, enabling them to own property, enter into contracts, and sue or be sued. It also includes provisions to protect individual members and managers from personal liability for the organization's actions.

Top 5 Rising Sectors - Binance HODLer Airdrop: +179.35%, led by STO (+314.7%) - Binance Wallet IDO: +111.05%, led by STO (+314.7%) - WLFI Ecosystem: +95.39%, led by STO (+314.7%) - DeFi: +23.06%, led by HOTKEY (+26,625.47%) - BNB Chain Ecosystem: +21.47%, led by DOSE (+3,933.08%) Top 5 Falling Sectors - Reddit Points: -22.71% - Startup Memes: -10.21% - Zodiac Theme: -10.16% - AI Conversation (Terminal of Truths): -9.76% - Binance BuildKey TGE: -8.83%

Bitcoin is at an inflection point where downside risk could increase, cryptocurrency analysis platform Bitcoin Vector said on X. The platform noted that its BTC Risk indicator, despite a recent slowdown, failed to transition into the 'low-risk' phase and is now at a point where risk is rising again. If the indicator fails to settle in the low-risk phase, the market will revert to being dominated by sellers, Bitcoin Vector explained. It added that such inflection points often see attempts at short-term rebounds alongside rising selling pressure, frequently leading to a trend of further declines. The BTC Risk indicator is a metric that assesses whether the price of BTC is in a high-risk or low-risk zone.

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: 49.7% long, 50.3% short - Binance: 49.53% long, 50.47% short - OKX: 49.16% long, 50.84% short - Bybit: 49.56% long, 50.44% short

The Korea Exchange has activated a sell-side sidecar after the KOSPI plunged more than 5%. This marks the first such activation in eight days, following the last one on March 23. The KOSPI is currently trading at 5,195.61, down 5.17% from yesterday.

An Iranian military spokesperson has announced that a larger, more extensive, and more destructive attack is imminent, according to Iran's Tasnim News Agency.

Drift (DRIFT) has surged on South Korean exchange Bithumb's KRW market, currently trading at 225 won, up 110.28% from yesterday. The token briefly surpassed 230 won. Previously, South Korean exchanges Upbit, Bithumb, and Coinone designated DRIFT as an investment warning item. Deposits and withdrawals for DRIFT are temporarily suspended on Bithumb. The Drift protocol previously suffered a loss of approximately $350 million from a hacking attack.

Drift Protocol (DRIFT) announced on X that a hacker gained unauthorized access to the administrative privileges of its Security Committee today using a novel attack vector involving a "durable nonce." The protocol described the incident as a highly sophisticated strategy that included several weeks of preparation and a phased execution, which utilized a structure to delay the execution of a pre-signed transaction. Drift previously suffered a loss of approximately $350 million from a hacking attack.

According to Wu Blockchain, the transfer volume of tokenized stocks reached an all-time high of $2.87 billion in March. This represents a surge of over 80% from the previous month. The transfer volume for real-world asset (RWA) platform Ondo Finance (ONDO) surpassed $2 billion, while the number of tokenized stock holders exceeded 200,000.

South Korea's three largest crypto exchanges—Upbit, Bithumb, and Coinone—have announced the placement of Drift (DRIFT) on their delisting watchlists. The exchanges stated the decision was made after confirming protocol damage and an abnormal outflow of assets. This incident reportedly affected the virtual asset itself, wallets managed by the issuer, or the distributed ledger on which the token is issued and stored.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, while the bottom section displays the Cumulative Volume Delta (CVD). - The Volume Heatmap tracks trading volume at specific price levels. The background color brightens when the price remains in a certain range for an extended period or experiences significant movement. These brighter areas can potentially act as support or resistance. - The Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

The fallout from the hack of Drift Protocol (DRIFT) has affected approximately 11 DeFi protocols, according to Solana ecosystem media platform SolanaFloor. The affected projects include Reflect Money, Ranger Finance, and Natural Trade. Ranger Finance has confirmed exposure of around $900,000. In response, some of the projects have suspended minting, redemptions, and deposit and withdrawal functions.

Jamie Coutts, a crypto market analyst at Real Vision, stated on X that Bitcoin's value should be viewed as a probabilistic concept rather than a precise figure. He explained that while the Bitcoin MVRV Z-Score has sometimes signaled a bottom weeks or months ahead of the actual low in past cycles, the key takeaway is that BTC is currently approaching a bottom zone. The MVRV Z-Score is calculated by subtracting the realized market cap (RV) from the market cap and dividing the result by the standard deviation of the market cap. It is typically used to identify overbought and oversold zones.

AI-based education firm Genius Group, which holds Bitcoin on its balance sheet, sold its entire BTC holdings in the first quarter of this year to repay $8.5 million in debt, Cointelegraph reported. The company stated it would resume purchasing Bitcoin when it deems market conditions more favorable. Genius Group's holdings have been steadily declining since a U.S. court restricted the company from expanding its Bitcoin portfolio in April 2025. As of March this year, the company held 84 BTC, valued at approximately $5.7 million, prior to the sale.

U.S. spot Ethereum ETFs saw $7.02 million in net outflows on April 1, according to data compiled by Trader T. This marks a shift to net outflows after two consecutive days of inflows. - BlackRock ETHA: -$32.15 million - Fidelity FETH: -$11.73 million - Bitwise ETHW: +$4.28 million - 21Shares TETH: +$3.2 million - BlackRock Staking ETHB: +$5.48 million - Grayscale ETHE: +$17.42 million - Grayscale Mini ETH: +$6.49 million

U.S. Bitcoin spot ETFs recorded a total net outflow of $173.76 million on April 1, according to Trader T. This marks a return to net outflows after two days. - BlackRock IBIT: -$86.56 million - Fidelity FBTC: -$78.64 million - Bitwise BITB: -$5.55 million - Ark Investment ARKB: -$30.45 million - Grayscale GBTC: -$13.26 million - Grayscale Mini BTC: +$10.25 million

Top 5 Gainers (24h) - STO: +37.5% to $0.6167, volume $778.6M - DMAIL: +30.69% to $0.00072, volume $25.57K - MATH: +28.57% to $0.0324, volume $425.75K - NAP: +18.51% to $2.1, volume $540.01K - PTB: +18.09% to $0.0014, volume $5.52M Top 5 Losers (24h) - HIFI: -35.77% to $0.0058, volume $177.15K - DRIFT: -17.92% to $0.0408, volume $37.47M - DELABS: -13.37% to $0.0017, volume $35.22K - SYND: -13.05% to $0.0354, volume $2.7M - WET: -12.22% to $0.1019, volume $15.44M

Paul Grewal, Chief Legal Officer (CLO) of Coinbase, said an agreement on the issue of stablecoin interest within the U.S. crypto market structure bill (CLARITY) is close to being reached, The Block reported, citing an interview with Fox Business. Grewal argued that the matter of stablecoin interest should not be conflated with other challenges facing the banking sector. He noted that while banks have expressed concerns about potential rapid deposit outflows if stablecoin interest were permitted, they have failed to provide concrete evidence. Grewal expressed optimism that the CLARITY bill aligns with the pro-crypto policies of the Trump administration and expects congressional proceedings to advance soon.

Prediction market Polymarket recorded $927,000 in fee revenue on April 1, its first full day of complete monetization, Wu Blockchain reported. This performance projects to an annualized revenue of $400 million, with $338.35 million from fees. The platform transitioned to a fully paid model on March 30, having rolled out transaction fees in stages. Fees were first introduced for crypto-related wagers early this year, followed by sports betting, and were extended to most other bets late last month.

The Bitcoin Policy Institute (BPI) has suggested that Taiwan should consider adopting Bitcoin as a reserve asset to prepare for a potential war with China, Cointelegraph reports. In a report, the BPI argued that in the event of a Chinese blockade or full-scale invasion, Bitcoin would be the only fully accessible and usable reserve asset. The institute noted that gold could be confiscated or become unusable and dollar holdings might be limited, whereas Bitcoin requires no physical transport, ensuring complete access. The report highlighted that at least 80% of Taiwan's central bank reserves are in U.S. dollar assets, which could face headwinds if the dollar's value declines due to rising U.S. debt or a downturn in the AI market. The BPI suggested Bitcoin could serve as a hedge against this risk. It also noted that if Taiwan adopts Bitcoin before other nations, it could benefit from future price appreciation. Currently, Taiwan holds 210 BTC confiscated during criminal investigations, an amount that ranks it seventh globally, behind El Salvador.

Social Dominance Top 5 - Bitcoin: 28.25% (-6.2%) - Ethereum: 11.55% (-0.65%) - XRP: 3.35% (-0.05%) - Chainlink: 0.25% (-0.5%) - Litecoin: 0.4% (-0.1%) AI Search Volume Top 5 - Ethereum (14%) - Solana (11%) - Based (6%), up one spot - EdgeX (5%), down one spot - Bittensor (4%)

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - ETH: $96.57 million liquidated (51.19% longs) - BTC: $95.71 million liquidated (56.15% longs) - SOL: $24.58 million liquidated (72.59% longs)