kithe

Fun Fact: SPACs raise cash through their IPOs, then announce their intention to dive into the blockchain space.
Quantum Leap just pulled off a $200 million IPO, trading under the ticker QLEPU on the NYSE.
Checking out this special purpose acquisition company (SPAC) strategy, it’s basically a money grab to get listed first, then find a target for acquisition. This time, they’re focusing on artificial intelligence, quantum computing, and blockchain.
No kidding, the term blockchain is super hot right now; the traditional finance crowd is all over it. Whether this cash will actually be invested, and who it'll go to, remains to be seen.
$BTC

Quantum computing can't bear this burden.

Grayscale put out a piece saying that the recent dip in Bitcoin is due to breakthroughs in quantum computing, which is pretty far-fetched.

The logic is simple: if quantum computing was truly a death knell for Bitcoin, then related stocks should be getting pumped like crazy.

In reality, quantum computing stocks are dropping alongside Bitcoin.

So Grayscale's conclusion is that the real driver behind this dip is the market's de-risking of the entire frontier tech sector.

To put it simply, it's not just one variable causing the stir; it's overall funds pulling out.

Honestly, this explanation sounds a lot more level-headed than "quantum computing is destroying Bitcoin."

$BTC

Where's the next stop for the BTC ecosystem? 👀

Tonight, the BTC-pegged public chain incubated by Harvard, @PGProtocol, is chatting with Dr. Ken, the mastermind behind Non-Small Number. Honestly, the timing for this is spot on.

Join the livestream below to get insights just in time for what to watch before the Seoul summit on 4/29 🫡
#PGProtocol #BTCFi #Web3

Big moves on the Solana chain.

Checked the on-chain data, and Circle just minted 250 million USDC in two batches, totaling 500 million (around 500 million USD), all on the Solana chain.

To be honest, with such a massive minting volume, it’s either anticipating chain demand or gearing up for some major event. The reserves of USDC on Solana have been consistently rising, and this move by Circle is pretty telling.

......But having 500 million USDC just sitting in the pool has to lead somewhere, right?
$SOL $USDC $CRCL

DeFiLlama's latest RWA data is something else 📈

Over a year, the active RWA market cap has skyrocketed from $4.1 billion to $25.2 billion, a direct five-fold increase.

Looking at the breakdown, it’s basically tokenized funds, commodities, and private credit leading the charge.

No cap, this RWA lane isn’t just a pure hype play; the old money is entering the game at a pretty steady pace......
#RWA $BTC

ARK's report has some good stuff.

It says that in Q1, Bitcoin dropped by 22%, but those "conviction buyers" didn't panic; they ramped up their holdings from 2.13 million to 3.6 million <a>$BTC </a>, increasing by nearly 70% 📈

I checked out the definition of these "Conviction Buyers"; they are the long-term holders who don’t sell and keep their coins for over a year.

Despite the 22% drop, they scooped up 1.47 million coins, marking the biggest increase since 2020.

While retail traders are screaming about the dip, the big players are quietly accumulating.

Whether it's a bear market or not depends on who's making moves.

Hey, check if your wallet's gone to zero, huh?
#币安钱包

TED Protocol is emerging as one of the more interesting infrastructure plays in the cross-chain stablecoin space.

As the crypto market continues expanding across multiple blockchain ecosystems, liquidity fragmentation remains one of the largest unresolved problems. Stablecoins are distributed across different chains, yet moving value between them still requires multiple steps, unnecessary friction, and inefficient routing.

TED Protocol is designed to address exactly that.

By combining decentralized liquidity aggregation, cross-chain routing, and currency-aware swap logic, TED Protocol enables a more seamless way to move stablecoin liquidity across networks. The protocol integrates multiple liquidity sources such as Curve, Uniswap, and PancakeSwap, while also leveraging interoperability layers including Circle CCTP, LayerZero, and Wormhole.

What makes the concept stand out is its focus on stablecoin exchange as a true cross-chain infrastructure layer, rather than simply another token utility narrative. In a market where efficiency, execution, and liquidity access matter more than ever, this model has the potential to become highly relevant.

TED Protocol is positioning itself around a real structural problem in Web3 — and that alone makes it a project worth watching closely.

Here it is, Drift has announced the recovery plan after being hacked on April 1st.

Total loss is $295.7 million, Tether has proposed to contribute up to $127.5 million (in the form of credit linked to $100 million in revenue), and other partners will contribute an additional $20 million.

Users will receive a separate recovery token, distinct from the DRIFT governance token, which can be used to claim from the recovery pool, and the token is transferable. 🤔

I noticed another detail: after the restart, the settlement layer will switch from USDC to USDT, and Tether will also engage market makers.

In simple terms, Tether is deeply involved, repaying gradually with revenue, rather than a one-time compensation.

Whether the money can actually be repaid will depend on whether the trading volume can hold up after the restart.
$DRIFT

CoinGecko's first quarter report is out, and the data doesn't look good.

The total cryptocurrency market cap fell by 20.4% to 2.4 trillion, down 45% from the peak in October last year.

BTC fell 22% this quarter, underperforming the US stock market, and CEX spot trading volume was directly cut by 39.1%.

Stablecoins are a bit interesting; USDT shrank by 1.6% for the first time since Q2 2022, while USDC actually increased by 2.4%, which says a lot about the situation 🤔

Additionally, the perpetual contracts on Hype are pretty strong,

the daily trading volume for 24/7 oil contracts once exceeded the platform's BTC,

this sector seems to really be taking off!!!
$HYPE

New birth $BLESS

In the past 9 hours, the project party transferred 300 million BLESS from two project party addresses on the Sol chain, worth 3.83 million dollars.

200 million directly went to Bg, and another 50 million was cross-chain sold on BSC, with 10 million already exchanged for 125,000 USDT.

The coin price has been directly halved and discounted, dropping by 55%😅

The project party is no longer hiding anything; they are openly selling in another place!

Teachers, please pay attention⚠️

Source of information: Teacher Yu Jin

Ridiculous, $SIREN this stock is really not pretending.

At the beginning of the month, it dropped from $2 to $0.13, a decrease of 94%,

then starting from 4/5, a batch of addresses crazily withdrew coins from Binance Alpha wallet,

up to now, 30.07 million coins have been withdrawn (worth 25.09 million dollars),

and the coin price has also rebounded from $0.13 to $0.83.

I checked that someone had previously calculated that the market maker controlled 88.5%,

now with this batch of withdrawal addresses, it is very likely the same group of people,

the actual control is up to 93% or higher, and considering CEX, it will only be higher 😅
$SIREN
Information source: Teacher Yu Jin's sharing

Awesome, the whales associated with Matrixport have closed all long positions in four wallets over the past two days.

1500 BTC plus 120,000 ETH,

the total position is almost 400 million dollars, netting a profit of 59 million.

I checked the addresses and they are indeed from the same batch of old active users, with a very unified operation rhythm, basically executing the same decision.

The profit from BTC is not that much, the major profit was made on this rebound in ETH 🐋 I have to say,

being decisive and clearing everything at this position is better than most people.

As for whether this is a clear top signal or just taking profits, let's see if there will be a re-entry. 🤔
$ETH $BTC

Wow, Jameson Lopp and his five colleagues have proposed BIP-361,

which aims to freeze addresses on the Bitcoin network that are vulnerable to quantum computing attacks, including Satoshi Nakamoto's batch of approximately $74 billion worth of coins.

The logic is as follows: after three years, transferring to old addresses will be prohibited, and after five years, old signatures will become invalid, locking up any coins that haven't migrated.

The third phase does leave a zero-knowledge proof relief channel, so those with mnemonic phrases can still recover their funds.

This is actually the second step of their three-phase plan; the first step, BIP-360, was proposed in February, introducing a new P2MR output type.

The community is quite vocal about this, with opponents claiming this is just a disguised confiscation🤷

To be honest, the rationale is understandable, but messing with Satoshi's coins,

voting on this is inherently a political issue🤔
$BTC
#量子威胁

$RAVE so ruthless ah 1u saw it until now

1u opened a long position, took a bit, and ran away, too enchanting

Could it be the next $RIVER

XRP has directly integrated into the Rakuten ecosystem in Japan.

Rakuten Wallet has listed XRP as an asset and payment target,

users can exchange points for XRP and can also use it for consumption. Looking at the scale, Rakuten has 44 million users, 3 trillion points (approximately 23 billion USD), and over 5 million merchants, basically covering daily consumption in Japan 🇯🇵.

This means that XRP no longer needs to talk about cross-border narratives; it directly falls into the grocery shopping scenario.

Japan has always been relatively conservative about crypto payments, but players of Rakuten's size are willing to participate, which is more valuable than the data itself.

Whether it can achieve significant volume is another story, but at least it's not just a pipe dream!
#xrp
$XRP

The CoinGecko report on spot CEX for 2026 is quite interesting.

USDT and USDC account for 66.6% of the top 12 trading pairs,

essentially it's a stablecoin world.

Only about 32% of new coins listed have positive returns on the first day,

with an increase of 67% being the highest, Binance and OK both at 50%.

However, after 12 months, most are below 10% above the issue price 😮.

Looking at the reserve side,

the underlying assets of the top 12 exchanges increased from 152.1 billion to 225.4 billion,

Binance directly doubled to 93.4 billion, Cb holds 800,000 coins $BTC as ballast.

Retailers have a noticeably higher turnover rate,

MC, HTX, and KuCoin are stuck between 1.44 and 2.04, while institutional exchanges are stable.

New coins are like this, a short-term lottery and a long-term zero, still the old rule. 😂

Strategy has bought again

The 8-K document shows that from April 6 to April 12, approximately $1 billion was spent to purchase 13,927 BTC at an average price of $71,902.

Looking at the current holdings: a total of 780,897 coins, with a total cost of about $59 billion, and an average cost of $75,577.

The current BTC price is below the average price line (purchased at $71,902 but average $75,577), resulting in a paper loss 📉

Year-to-date return of 5.6% on $BTC , still buying, the rhythm hasn’t changed.

Almost 800,000 coins now 🐮

The DeAgentAI completed the first round of repurchase today

A total of 500w, of course not all at once today 😂

Divided into three rounds to be completed within 90 days, and all repurchased tokens will be directly destroyed, permanently removed from circulation, without any lock-up or redistribution arrangements

I took a look, and this repurchase money comes from the project's protocol income and trading income generated based on its own AI model.
$AIA

I just saw that today's alpha is $GENIUS this birth

Fortunately, I only traded about 10,000 at that time and stopped

It's also a scam project riding on the investment of yzilabs!

What's funny is that you can claim your airdrop rewards,

but sorry, you can only claim 30% of the tokens, and 70% will be burned

Don't worry, there might be a reversal, or!

Locked for a year 🤣

This birth now added a refund option, do you really think it's that good? Wrong

Only the net Genius fees will be refunded, not the absolute fees.

What it means is: you made a transaction, total fees = 20 basis points (0.20%).

Among them:
- 15 basis points are PancakeSwap fees (or other DEX),

- 5 basis points are Genius fees.

Here, you will only get refunded “5 basis points are Genius fees” 🤣

Summary...

Pure bad guys

Looking at it this way, the airdrop amount is relatively small, although the project side is an sb, I estimate the chips are all in hand, don't get carried away and short, or you'll be re-educated by the project side teachers!
#ALPHA