The Crypto Basic

Polkadot Slides After Bridge Exploit Shakes Market
#Polkadot (DOT) came under pressure as news of a security breach spread across the market. The token dropped 6.5% within an hour, wiping out nearly $20 million in market value, per CoinGecko. The sudden move also led to over $1 million in liquidations.

Investigations pointed to a cross-chain exploit involving Ethereum-linked assets. PeckShield reported that approximately 1 billion DOT tokens were minted and rapidly sold, intensifying downward price pressure.
Further analysis from CertiK attributed the incident to a vulnerability in a Hyperbridge gateway. According to the firm, attackers forged messages and gained administrative control of a token contract on Ethereum, generating an estimated $237,000 in profit.
As the event unfolded, a stark divergence emerged between centralized exchange pricing and on-chain markets. Exchange data showed relatively moderate losses, while on-chain activity reflected far deeper instability.
DOT trading across networks such as Ethereum, Arbitrum, and BNB Chain reportedly collapsed by nearly 99.99%, reflecting panic selling in affected pools. However, centralized exchanges saw a more contained move, with prices falling from $1.23 to $1.15 before stabilizing near $1.18, a 4.2% daily decline.
Importantly, the issue appears limited to bridge-based assets, with Polkadot’s native chain remaining unaffected. The project team has yet to release an official statement as the situation continues to develop.
In response, major exchanges moved quickly to limit user exposure. Upbit suspended DOT deposits and withdrawals on the AssetHub network with immediate effect, while Bithumb also halted all DOT transactions starting April 13, 2026, at 14:16 KST, citing ongoing security concerns.
Both exchanges stated that services will remain suspended until network stability is restored, underscoring the seriousness of the incident.
Arthur Hayes Expands HYPE Position After Pause
While Polkadot faced turbulence, notable investor activity was observed elsewhere in the market. Arthur Hayes, co-founder of BitMEX, increased his exposure to the HYPE token.
Over the weekend, Hayes purchased 26,022 HYPE tokens worth approximately $1.1 million, marking his first acquisition in nearly three months. This brings his total holdings to 247,334 tokens, valued at around $10.44 million, with unrealized gains exceeding $2.5 million.
The move aligns with his recent remarks in which he identified HYPE as his primary investment focus. Hayes has also reiterated a price target of $150 by August 2026, reflecting strong long-term conviction.
Grayscale Expands Watchlist for Q2 2026
At the same time, Grayscale has published its “Assets Under Consideration” list for Q2 2026, highlighting a broad mix of digital assets under review.
The list includes established projects such as Toncoin, TRON, and Helium, as well as newer entrants like Hyperliquid and Jupiter. Additionally, the firm also featured emerging initiatives such as MegaETH and Nous Research.
Overall, the selection reflects continued institutional exploration of both mature and early-stage segments of the crypto ecosystem.

Stablecoin Market Could Surge to $719T by 2035
Separately, a new report from Chainalysis forecasts substantial growth in stablecoin usage over the next decade.
The firm estimates that inflation-adjusted transaction volumes could rise from $28 trillion in 2025 to $719 trillion by 2035. Under favorable conditions, this figure could approach $1.5 quadrillion.
A key driver identified in the report is the projected $100 trillion intergenerational wealth transfer beginning in 2028, with younger demographics, such as millennials and Gen Z, expected to accelerate the adoption of digital assets.
Furthermore, Chainalysis suggests stablecoins could reach payment volumes comparable to Visa between 2031 and 2039, highlighting their increasing role in global finance.

Bitcoin Shows Resilience Amid Geopolitical Tensions
Amid these developments, Bitcoin’s performance has drawn attention in a macro context. In a CNBC interview, ProCap Financial CEO Anthony Pompliano described Bitcoin as a “shining light” during recent geopolitical tensions involving the United States and Iran.
He noted that while traditional asset classes such as equities, bonds, and gold declined, Bitcoin remained stable or even rose slightly. This divergence challenges the common perception that it moves in line with risk assets.
According to Pompliano, Bitcoin’s reduced volatility and neutral positioning make it increasingly attractive during uncertain times. Consequently, investors may continue to view it as a hedge against geopolitical instability.
#CryptoNews🚀🔥V

#Shiba Inu may struggle to recover in the short term after failing to hold above a dynamic support level that has cushioned weak prices for over a month.
Shiba Inu (SHIB) dropped 3.3% on Sunday to completely give back all its earlier gains last week. The drop saw the meme coin post its first weekly red candle in three weeks, signaling that momentum has shifted. But there is more to this that Shiba Inu holders should be wary of.
Key Points
On the daily timeframe, Shiba Inu broke below an ascending trendline support amid the recent downtrend, bringing fresh pressure on its price.This dynamic demand zone has cushioned prices since March 8, when SHIB reached an intraday low of $0.00000523.Additionally, SHIB had a bearish engulfing candle on the weekly chart.All indications point lower, with $0.00000520 as the next stronghold.Despite the downturn, SHIB remains within parallel channel that started forming in March, which could be the last line of support.
Shiba Inu Loses Support
On the daily timeframe, Shiba Inu broke below an ascending trendline support, bringing fresh pressure on its price. This dynamic demand zone has cushioned prices since March 8, when SHIB reached an intraday low of $0.00000523.

This marked its lowest price since the February 6 crash to $0.0000050, but whales stepped in and defended this support area. Ever since, the token has developed atop this ascending trendline support until yesterday.
Following the over 3% dip, SHIB broke below this trendline to close at $0.00000577. The breach was not a fake-out or a small wick below the support; it was a decisive breakdown with a long-bodied candlestick, signaling clear directional conviction.
Bearish Implications for SHIB
Breaking below this support level leaves SHIB vulnerable. The token has made a series of higher lows above this trendline, keeping hopes of a rebound alive. However, with the convincing breakdown, the meme coin could experience a significant decline.
Additionally, SHIB had a bearish engulfing on the weekly chart. Its 3.8% decline last week engulfed the prior week’s green candle, signaling that bears have regained control of the market.
With no bullish divergence or any positive indications, it does not look good for Shiba Inu. Trading volume is also dwindling, signaling that market participants have adopted a cautious stance as the asset dipped. Taken together, all indications point lower, with the $0.00000520 support being the next stronghold. Breaking this takes SHIB back to the February 6 lows.
Shiba Inu Range Still Holds—Last Line of Defense?
Meanwhile, despite the downturn, SHIB remains within parallel channel that started forming on March 11. This channel has served as both support and resistance for the token as it shuffles between the upper and lower price ranges.

The downtrend brought SHIB to the lower support band of this range, but not below it. This could be the last line of defense for Shiba Inu, and breaching it could further confirm a bearish shift.
#CryptoNewsFlash

#XRP remains under pressure as the broader market downturn continues into its seventh month. Amid the price decline, on-chain data from Glassnode shows market participation has not recovered after the October 2025 crash, with the XRP Open Interest (OI) still sliding.
Key Points
XRP’s open interest dropped from 7 billion XRP in October 2025 to 2 billion XRP, marking a 71% collapse.OI has since declined further to 1.5 billion XRP worth, showing that traders have not rebuilt positions.Coinglass data shows OI peaked above $10 billion in July 2025 before falling after the October 10 crash.Low OI shows weak momentum in the short term but could support a stronger and more stable rally if accumulation continues over time.
XRP Seeing Weak Derivatives Activity
In its recent analysis, Glassnode stressed that a major deleveraging event took place in early October 2025, when XRP perpetual futures open interest fell from 7 billion XRP to 2 billion XRP, a 71% drop. This decline came as many leveraged positions were wiped out during the price crash.
Since then, open interest has continued to shrink. Specifically, it has dropped another 25% to 1.5 billion XRP, now valued at about $2.01 billion. 

According to Glassnode, this sustained decline shows that traders have not returned to the derivatives market. Notably, this is largely because market participants are still cautious and unwilling to take on high-risk positions.
Historical Data
Additional data from Coinglass confirms this trend. The chart shows that the XRP open interest rose from about $4 billion in June 2025 to over $10 billion in July 2025. This increase happened during a strong rally that pushed XRP to a new all-time high of $3.6.
After reaching this peak, both price and open interest started to fall. However, open interest stayed relatively high between $7.3 billion and $8.2 billion from late July to early October 2025, showing that traders were still active. 
This changed after the Oct. 10, 2025, crypto market crash, which caused heavy liquidations across the market. During this period, the XRP open interest dropped from $9 billion on Oct. 7 to $3.49 billion by Oct. 19, 2025.

The decline continued in the following months. Specifically, open interest stayed near $3 billion until January 2026, then fell further to $2.6 billion by early February 2026. 
It now stands at about $2.4 billion based on Coinglass data. This is slightly higher than Glassnode’s figure of $2.01 billion (1.5 billion XRP), mainly because Coinglass tracks a wider range of data. Even so, both sources show that open interest has not recovered since the October crash and has kept falling.
How Does This Impact XRP’s Recovery Chances
With lower open interest, price movement often becomes weaker and less clear. Notably, fewer active positions mean less momentum, which can lead to slow trends, weak breakouts, and short rallies that do not last. This helps explain why XRP has struggled to hold gains during recent attempts to recover.
Meanwhile, lower leverage also reduces the chances of sudden, sharp moves caused by liquidations. This can make the market feel calmer for a while. However, if open interest starts to rise again, volatility could quickly rise.
There are two ways to look at the current situation. On the bearish side, the low open interest shows weak confidence, suggesting that large traders are either staying away or quietly buying in the spot market instead of using leverage. This can slow down any strong recovery.
On the other hand, the drop in XRP’s open interest could be a healthy reset over the long term. When the market removes excess leverage, it becomes more stable, which can support stronger and more lasting rallies later on. In most cases, major uptrends begin after this kind of reset.
#CryptoNewss

Latest Market Updates: As of 13th April 2026.
Justin Sun Accuses WLFI of Contract Manipulation
A major controversy has emerged between Justin Sun and the Trump-linked crypto project WLFI, setting the tone for today’s market developments.
In a post on X, Sun alleges that the platform embedded a hidden blacklist function within its smart contract, which was used to freeze his wallet in September 2025 without prior notice.
As WLFI’s largest investor, Sun has raised broader concerns about the project’s governance. Specifically, he claims that voting mechanisms were structured to justify freezing investor assets. In addition, he alleges that the team extracted undisclosed fees and misused community funds. Sun further describes the operation as functioning like a “personal ATM.”
Data from Bubblemaps indicates that Sun’s frozen holdings total roughly 545 million WLFI tokens, which have declined by more than $80 million in value since the freeze.
However, WLFI has strongly denied the allegations, calling them unfounded and accusing Sun of misconduct. The project has also signaled potential legal action, suggesting the dispute could escalate into court proceedings.

XRP Sentiment Falls Into Extreme Fear Zone
While the WLFI dispute dominates headlines, XRP is experiencing a sharp rise in negative sentiment.
Data from Santiment shows that fear, uncertainty, and doubt (FUD) surrounding XRP have reached their third-highest level in two years. In a recent post on X, Santiment noted that such extreme bearish sentiment has historically preceded market rebounds.
At present, XRP is trading at $1.33, down 63.6% from its July 2025 high of $3.65, according to CoinGecko. This prolonged downturn appears to have driven many retail investors out of the market, potentially creating conditions for a sentiment-driven recovery.

Alameda Research Moves $16M SOL for Potential Creditor Repayments
In parallel, developments tied to the FTX bankruptcy continue to unfold. 
Alameda Research has unstaked and transferred approximately $16 million worth of Solana (SOL) tokens to a wallet associated with creditor repayments, according to data from Arkham Intelligence.
This follows a similar transaction about a month ago, reinforcing a pattern of unstaking and reallocating funds. While there has been no official confirmation of imminent payouts, the repeated activity suggests that the repayment process remains active.
Aave DAO Approves $25M Funding Plan for Aave Labs
Amid these developments, decentralized finance continues to push forward. 
The Aave DAO has approved a major funding package for Aave Labs under its “Aave Will Win” initiative, with nearly 75% of voters supporting the proposal. The plan allocates $25 million in stablecoins over 12 months, along with 75,000 AAVE tokens that will vest over four years.
This dual-structure approach aims to sustain operations while aligning long-term incentives. Notably, this vote addresses only the funding component, with additional proposals related to product expansion and ecosystem growth expected in future governance rounds.
Michael Saylor Outlines Bitcoin-Backed Dividend Strategy
Rounding out today’s updates, Michael Saylor has outlined a strategy linking dividend sustainability to Bitcoin’s long-term growth.
In a post on X, Saylor suggested that an annual increase of just 2.05% in Bitcoin’s value could allow MicroStrategy to sustain dividend payments indefinitely. Company data indicates that current reserves could cover dividends for approximately 48.7 years.

MicroStrategy currently holds 766,970 BTC, acquired at an average price of $75,648, with total holdings valued near $54.58 billion. Its preferred stock, STRC, offers an annual yield of 11.5%, trades near its $100 par value, and pays dividends monthly.
Importantly, proceeds from these issuances are reinvested into Bitcoin, reinforcing the company’s long-term accumulation strategy.
#CryptoNewsCommunity

#Shiba Inu is at a market level where smart money often finds it compelling to buy, with strong fundamentals backing a breakout soon.
Notably, the prominent meme coin’s price has recently consolidated within a range, with its next direction seemingly uncertain. While Shiba Inu remains bearish in the short term, technical and fundamental catalysts point to a potential price breakout.
Key Points
Shiba Inu is at a classic accumulation zone, with earlier rapid price fluctuations replaced by a series of short candlesticks.Typically, accumulation zones are areas of interest for smart money.The token has held key support areas, confirming that momentum is building for an impulsive directional move.The RSI remained neutral at 50.28, the daily chart’s MACD has also flattened, and volume has thinned.Breaching the $0.0000060 resistance with strong volume is a high-conviction setup for further upside.
Shiba Inu Holds Support
Analyst Whale Scan noted that Shiba Inu is at a classic accumulation zone. Price volatility has dropped, with earlier rapid price fluctuations replaced by a series of short candlesticks. The token has also consolidated within a price range and has held key support areas, confirming that momentum is building for a subsequent impulsive directional move.
The commentator spotlighted the $0.00000564-$0.00000550 support as crucial, noting that SHIB’s trend above it is positive. While the meme coin has struggled to clear the resistance above $0.0000060, it has remained above support, maintaining the possibility of attempting higher prices in the near term.
Typically, accumulation zones are areas of interest for smart money, offering outsized risk-reward when prices eventually break out. As a result, the analyst claimed that “dip buyers” are loading up SHIB at the current zone in anticipation of the next big move.
Interestingly, on-chain data backs this accumulation narrative, as exchange outflow has increased by a staggering 40.5% in the past 24 hours to 321 billion tokens. This means that after removing deposits from withdrawals across exchanges, a staggering 321 billion SHIB, worth $1.9 million, left these trading platforms to self-custody addresses for long-term holding.

Indicator Overview
The analysis also provided an update on the current trend of key market technical indicators. For context, the relative strength index (RSI) remained neutral, trending between 47 and 52. At the time of writing, it specifically stands at 50.28, leaving room for both upward and downward price action before reaching extreme conditions.
The daily chart’s MACD has also flattened, indicating that the market is nearing a standstill. Although the analyst noted it was bearish, the histogram showed short green bars, indicating it was slightly bullish.

On the other hand, Shiba Inu’s trading volume has thinned, suggesting reduced market participation. This is actually typical of markets in consolidation, as users apply caution while closely monitoring for the start of the next move. Notably, CoinMarketCap shows a 21% increase in 24-hour trading volume to $130 million, but the figure remains well below prior levels.
Shiba Inu Ecosystem Boosts
Furthermore, burn rates have spiked 156% in the past 24 hours, supporting the accumulation zone. 4,101,455 tokens have been incinerated during this period, further driving scarcity for the meme coin.
According to the analyst, the combination of rising burn rate and Shibarium upgrades is driving bullish sentiment across the Shiba Inu ecosystem. These factors would contribute to the projected breakout to higher prices.
Key Levels to Watch
With the support still holding strong and buying pressure increasing, Whales Scan highlighted key resistance levels to watch if an accumulation zone breakout occurs. Per the analysis, breaching $0.0000060 with strong volume is a high-conviction setup for further upsides.
This move opens the way for price rallies to $0.00000650 and $0.00000720, representing 9.7% and 21.6% increases from the current market price of $0.00000592. However, a break below $0.00000550 invalidates this move and poses downward risk for SHIB.
#CryptoNewsFlash

#Cardano is at a point where a directional move seems inevitable, and a recent analysis is projecting an upward breakout in a few days.
Cardano (ADA) has continued to show mixed price action in the past few days as its price enters a consolidation phase. However, the situation could change imminently, with a measured move to multi-month highs the next probable price action.
Key Points
An outlook referred to Cardano as a ticking bomb, ready to explode to higher prices.Interestingly, this analysis predicts that this price expansion will occur this week, as ADA has no other possible price action than a breakout or breakdown.ADA is at the lower boundary of a 4-year horizontal price channel on the weekly chart.A descending trendline has also formed within this channel.Currently, Cardano is close to the channel support at $0.23 and is also compressed at the point where it intersects the descending trendline, suggesting an imminent breakout.The analysis favors a breakout from the descending trendline, targeting $1.20 before the end of the week.
Cardano at Critical Junction
Mintern, the self-acclaimed chief meme officer of Minswap DEX, shared a price outlook from an unidentified “expert trader” in a recent X post. The outlook described Cardano as a ticking bomb, poised to explode into higher prices.
Interestingly, this analysis predicts that this price expansion will occur this week, as ADA has no other possible direction than a breakout or breakdown. Meanwhile, an accompanying chart provides further context.

Per the chart, ADA is at the lower boundary of a horizontal price channel on the weekly chart. Notably, the coin has trended within this structure since January 2022, as the price continued to weaken after making a new all-time high of $3.10 in the previous year.
Cardano dropped from $1.63 to below $0.91 the week of January 17, 2022, but subsequent price action settled near the channel’s top at $1.18. Since then, the coin has shuffled between the upper resistance and lower support.
Make or Break for Cardano
The chart also shows a descending trendline formation within this channel. This dynamic resistance first capped an uptrend in August 2025, with ADA peaking at $1.019. What has followed is downward price action, with multiple lower highs forming near the trendline.
Currently, Cardano is not only close to the crucial support boundary of the channel at $0.23 but is also compressed at the point where it intersects the descending trendline. Such tightening suggests that the altcoin is nearing a breakout for a measured directional move.
Meanwhile, the analysis favors a breakout from the descending trendline to higher prices. It expects the coin to target the upper resistance band of the horizontal channel by the end of the week. This move would take ADA near the $1.20 price level, representing a 380% rally from the current market price of $0.25.
With just two days away from the end of the week, ADA has very limited time to pull off this move, bringing the prediction’s timeline into contention. While a rally to $1.20 remains a viable move for Cardano, according to several other analysts, the current market condition might not permit this explosive price action in such a short time.
Cardano Wrecks Bears Amid Accumulation
In the meantime, ADA is down slightly in the past 24 hours after an attempt to reclaim higher prices stalled at $0.26 on Thursday. Price fluctuations have triggered liquidation events during this period, wiping out $637,590 in ADA positions.
Of these, short positions led by a wide margin, with $502,310 liquidated, while $135,280 in late longs were also affected. However, in the past 4 hours, longs have led the liquidation events, reflecting the current downward price momentum.

Despite the downtrend, ADA whales appear to be taking advantage of the dip. Over the past 24 hours, outflows from exchanges have outpaced inflows, suggesting that holders are accumulating rather than selling amid price weakness. Such events often provide the needed cushion during downtrends and the momentum for a rebound.
#CryptonewswithJack

A long-term #XRP chart pattern is drawing renewed attention, with a breakout from a multi-year consolidation structure sparking optimism.
Notably, XRP is currently testing a key breakout level that could shape the next phase. As such, a successful retest event would ignite an explosive move, potentially pushing prices to unprecedented levels.
Key Points
XRP has just secretly handed enthusiasts the “breakout of the decade” after moving above a long-term symmetrical triangle.The triangle has been forming since the January 2018 peak near $3.35 before XRP broke out in November 2024.Notably, the current setup shows XRP retesting the breakout.The next step after a successful retest is a sustained price expansion, potentially targeting $21.
XRP Breakout from Long-Term Structure
ChartNerd, a widely followed technical analyst, identified this trend in a recent X post. In the analysis, he claimed that XRP has just secretly handed enthusiasts the “breakout of the decade,” citing the asset’s move above a long-term structure.
The accompanying chart shows a large symmetrical triangle that formed over several years before XRP broke out in late 2024. The triangle started taking shape after XRP dropped from the January 2018 peak near $3.35, forming lower highs and higher lows until November 2024, when the Donald Trump-inspired rally forced a breakout.

A strong rally followed this move, eventually peaking at the all-time high of $3.66 in July 2025. Since then, XRP has entered a pullback phase, with price now hovering near the upper region of the former triangle.
Breakout Structure Now Faces Critical Retest
The current setup shows XRP retesting the breakout zone. This area previously acted as a resistance before the breakout, and how the altcoin handles this phase is critical.
Moreover, the structure resembles earlier formations seen in previous cycles. A smaller, symmetrical triangle formed between 2013 and 2017, with the XRP price compressing within it before breaking higher.
In that cycle, it retested the structure’s neckline, and a successful event confirmed the breakout. Consequently, a stronger upward move followed, pulling XRP to the January 2018 high of $3.35.
Currently, XRP is trading at $1.34, up 1.7% in the past seven days. According to the chart, the triangle’s neckline lies near $0.85. This suggests that prices could drop lower to meet this support, aligning with an outlook from CasiTrades. It bears mentioning that XRP does not need to fully touch the symmetrical triangle’s neckline to complete a retest.
XRP Target After Retest
ChartNerd noted that the sequence is clear: a compression within a triangle, followed by a breakout, a retest, and then a sustained move higher. This shows that the next step after a successful retest is a sustained price expansion.
If XRP finds support at the current level and begins to build momentum, it could target unprecedented prices as outlined in the chart. This could see the coin rally to $21, representing a 1,467% increase from the current market price.
Conversely, failure to hold the retest zone would weaken the setup and introduce the possibility of a deeper correction.
#CryptoNewsCommunity

#Cardano is deep in the macro corrective phase, but history shows that this period has usually preceded a turning point for the altcoin.
Indeed, Cardano (ADA) is navigating a prolonged correction, with the price dropping sharply from its peak. The altcoin reached its all-time high of $3.10 in September 2021, but its current price of $0.25 represents a 91.9% decline from that peak.
During this period, sentiments turn negative and interest fades. However, ADA’s price action is now approaching a critical demand zone that could shape its next major move. Despite continued pressure on lower timeframes, the broader structure suggests a possible base is forming if key levels remain intact.
Key Points
Cardano (ADA) is navigating a prolonged correction, with its price dropping 91.9% from the peak of $3.10.On the daily chart, an accompanying chart shows that a descending resistance trendline continues to cap upward movement.While price action appears bearish, higher timeframes show potential accumulation for Cardano.Attention is now on the macro demand zone between $0.13 and $0.18, where ADA is currently testing.Holding above this region would suggest that accumulation may be underway, potentially laying the groundwork for a broader recovery phase.A decisive break below $0.13 would significantly weaken prices and potentially lead to deeper downside.
Cardano Price Declines from Prior Highs
An analysis from CoinCodex discussed Cardano’s current price trend and what could happen next. Currently, its price behavior reflects a sustained downtrend, with ADA consistently forming lower highs and lower lows over several months.
After peaking at $1.019 in August 2025, the coin has steadily dropped, recording declines in every month since. It has fallen by 75% from that peak, demonstrating the strong bear dominance that characterizes bear markets. This type of structure has weighed heavily on sentiment, gradually eroding confidence as repeated recovery attempts have stalled.
Cardano Still Under Pressure on Lower Timeframe
On the daily timeframe, the accompanying chart shows that a descending resistance trendline continues to cap upward movement, reinforcing the bearish tone in the short term. At the same time, technical indicators on the daily chart remain weak.

Momentum has yet to shift decisively, and moving averages continue to slope downward, suggesting that sellers still hold control for now. For context, ADA has failed to decisively break above the 50 MA, currently at $0.26, with attempts earlier in the week failing. It also remains well below the 100 MA at $0.30, reinforcing the bearish structure.
However, while price action appears bearish, zooming out to higher timeframes shows potential accumulation for Cardano. Moreover, its market cap is not in free fall but rather within a range, indicating strength.
Another positive is the recent ADA classification as a digital commodity. Specifically, the US SEC added Cardano to this category, alongside 16 other cryptocurrencies, a move that confirms its legitimacy.
Key Zone That Could Decide Next ADA Move
Attention is now on the macro demand zone between $0.13 and $0.18, where ADA is currently testing. Historically, this range has attracted buying pressure, making it a critical area to watch. Holding above this region would suggest that accumulation may be underway, potentially laying the groundwork for a broader recovery phase.
The accompanying chart shows that holding this support and breaking above the descending resistance opens the way for Cardano to retest the next major resistance around $1.01. This aligns with the 0.236 Fibonacci level and represents a 304% increase from the current market price.
Conversely, a decisive break below $0.13 would significantly weaken prices and potentially lead to deeper downside. As such, how ADA reacts to this zone would likely determine whether it stabilizes or extends its correction.
#CryptonewswithJack

#Shiba Inu is receiving increased attention among market speculators, as evidenced by a spike in OI and an increase in futures flows.
Over the past 24 hours, Shiba Inu (SHIB) derivative data has reflected growing interest, as traders increasingly gain indirect exposure to the meme coin to leverage current and future price moves.
Key Points
The Shiba Inu open interest (OI) has increased by 9.29% in the past 24 hours to $57.33 million, culminating in 9.08 trillion SHIB tokens.Shiba Inu futures flows also confirm this renewed derivative interest, with inflows standing at $11.52 million and outflows at $10.55 million.A surge in OI reflects more than interest; it reflects positive sentiment among traders, especially when a substantial number of their bets are bullish.Shiba Inu is already benefiting from this, following its over 4% rally in the past 24 hours to reclaim the $0.0000060 price level.While futures data looks good, spot holders are providing new selling pressure.
Shiba Inu OI Surges 9%
The Shiba Inu open interest (OI) has increased by 9.29% in the past 24 hours to $57.33 million, culminating in 9.08 trillion SHIB tokens. The OI improved from $52.24 million yesterday and surpassed the weekly high of $54.22 million on Monday, indicating steady futures growth.

Notably, it also marked its largest OI since March 24, when it reached $59.46 million. It further suggests that the earlier caution among traders is waning as the broader market conditions have improved and Shiba Inu has stabilized.
Shiba Inu futures flows also confirm this renewed derivative interest. In the past 24 hours, futures inflows have outpaced outflows, showing a net positive capital movement into SHIB derivatives contracts. 
Inflows stood at $11.52 million and outflows at $10.55 million. The net of $973,700 implies that more futures contracts worth 159.3 billion SHIB were created over the past 24 hours than previously existed.

Possible Implication for Shiba Inu Price
A surge in OI reflects more than interest; it reflects positive sentiment among traders, especially when a substantial number of their bets are bullish. When large amounts of buying pressure come from the futures market, it is only a matter of time before the price moves upward to reflect the demand.
Shiba Inu is already benefiting from this, following its over 4% rally in the past 24 hours to reclaim the $0.0000060 price level. It also took the token above the 50-day moving average, shifting momentum to the bullish side. If futures flow continues to grow, it could push the token’s price higher.
The price trend further took the 24-hour liquidation up considerably to $103,060. Remarkably, $62,920 of these liquidated positions were long, and $40,150 were short.
A similar liquidation spike occurred in the broader crypto market, with $595 million in positions forcibly closed during this period. But in this case, the majority’s $425 million short liquidation accurately reflected the overall price increase.
Spot Holders Sell Into Strength
While futures data looks good, spot holders are providing new selling pressure. The price increase that should typically reassure them of the asset’s price trajectory seems to be fueling sell-offs and profit-taking.
The Shiba Inu spot flow shows that more of the token has entered exchanges than has left in the past 24 hours, suggesting that holders are moving to platforms where selling is easy. For context, inflows of $7.89 million and outflows of $7.37 million resulted in a net of $522,160 in SHIB entering exchanges over the past day.
Unless holders stop selling into strength, Shiba Inu would struggle to sustain an uptrend. How this behavior changes in the coming days will play a crucial role in shaping the meme coin’s price trajectory.
#CryptoNewsCommunity

Treasury Secretary Scott Bessent has urged the Senate to accelerate action on the long-delayed Digital Asset Market Clarity Act and send it to the president’s desk without further delay. 
In a recent WSJ op-ed, he warned that the United States could fall behind in financial innovation if lawmakers fail to establish clear rules for the rapidly expanding digital asset sector.
Key Points 
Treasury Secretary Scott Bessent has urged the U.S. Senate Banking Committee to hold a markup session and advance the Digital Asset Market Clarity Act. He emphasized that the bill should move quickly through the Senate and reach Donald Trump’s desk for final approval. Bessent noted that digital assets have grown beyond an experimental stage and now play a major role in global finance, with one in six Americans owning some form of crypto. Lawmakers are expected to resume sessions after the Easter break, with a potential markup session later this month that could move the Clarity Act to a full Senate debate.
US Must Act Quickly to Keep Financial Innovation
In a tweet today, Bessent reiterated the arguments from his recent op-ed, emphasizing the urgent need to advance the Clarity Act. He noted that the U.S. Congress has spent much of the past decade debating an appropriate regulatory framework for digital assets. 
However, despite years of discussion, lawmakers have yet to finalize legislation governing the broader crypto industry. As a result, Bessent argued that the Clarity Act could deliver the regulatory certainty needed to keep financial innovation within the U.S., rather than pushing it offshore. 
Therefore, he stressed that Congress must act quickly to preserve the country’s leadership in global finance as digital assets move into the mainstream. 

“It Is Time to Advance the Clarity Act to Trump’s Desk”
Bessent also pointed out that cryptocurrencies and blockchain technology now influence payments and settlement systems, and the tokenization of real-world assets. 
Per his analysis, the global digital asset market cap continues to fluctuate between $2 trillion and $3 trillion, with roughly one in six Americans owning some form of crypto. Consequently, he argued that the industry has grown far beyond its early experimental phase.
Given this momentum, Bessent said the U.S. Senate Banking Committee should immediately hold a markup session on the Clarity Act and move the legislation forward to the president’s desk. 
He emphasized that Senate floor time is limited and warned that further delays could leave the United States without the regulatory framework needed to compete in the next phase of global finance.
Banking Committee Markup Still on Hold
For context, the bill passed the U.S. House of Representatives in July 2025 and was later sent to the Senate that year. However, progress stalled in the Senate Banking Committee after disagreements emerged over whether stablecoins should be allowed to offer yield.
The current Senate draft reportedly bans stablecoin yields, a position supported by traditional banking groups. In contrast, several industry participants, including Coinbase, oppose the restriction.
Nevertheless, reports from Crypto in America suggest that banking and crypto stakeholders may have reached a compromise. The report cited comments from Coinbase CLO Paul Grewal, although lawmakers have not yet released full details because Congress remains on Easter recess.
Lawmakers are expected to resume sessions next week. At that point, the Banking Committee could resolve the remaining issues, including the DeFi requirement and token classification, before holding a markup session later this month. 
If the committee advances the bill, it could proceed to the full Senate for debate and a potential vote, bringing the United States closer to its first comprehensive crypto regulatory framework.
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Bitcoin Likely Found Bottom Near $60K, Says Michael Saylor
#Bitcoin could have already established a local bottom near $60,000, according to Michael Saylor.

Speaking at a Mizuho investor event, he emphasized that market bottoms typically form when forced sellers are exhausted rather than when confidence returns.
In particular, Saylor attributed the recent downturn to liquidations among over-leveraged miners and weaker market participants, which intensified selling pressure.
Looking ahead, Saylor also downplayed concerns around quantum computing. He described the risk as distant and manageable, noting that Bitcoin’s open-source structure would allow timely upgrades if threats begin to materialize.
$285M Drift Protocol Hack Triggers Legal Probe
In a separate development, the U.S. law firm Gibbs Mura has opened a class action inquiry following the April 1 breach of Drift Protocol.
The exploit is estimated to have caused losses of approximately $280–$285 million. Investigators are now also examining potential claims involving Circle Internet Financial, after more than $230 million in USDC was reportedly routed through its cross-chain infrastructure without being frozen.
Blockchain analytics firm Elliptic has further linked the attack to a suspected North Korean threat actor group.
Following the incident, Drift’s total value locked (TVL) fell sharply from about $550 million to below $250 million, while its native token declined by more than 40%. In addition, over 20 DeFi protocols have reported indirect exposure to the broader fallout.
JPYC Stablecoin Gains Traction, Polygon Dominates Volume
Meanwhile, Japan’s yen-backed stablecoin JPYC is gaining traction, signaling growing demand for localized digital currencies.
The token, issued by JPYC Inc. in October 2025, has generated $137 million in trading volume over the past six months. During this period, Polygon dominates usage, accounting for 66% of activity ($90.4 million), while Avalanche and Ethereum follow.
Polygon co-founder Sandeep Nailwal highlighted the milestone in a recent X post.

U.S. Treasury Pushes for Clear Crypto Rules
On the policy front, U.S. Treasury Secretary Scott Bessent is pressing Congress to advance a comprehensive crypto framework, referred to as the Clarity Act.
In an op-ed for The Wall Street Journal, he warned that regulatory uncertainty is driving crypto firms offshore.
Specifically, he pointed to jurisdictions like Abu Dhabi and Singapore as more attractive alternatives due to clearer frameworks, cautioning that the U.S. risks losing both innovation and capital without decisive policy action.
Exodus Movement Expands Crypto Holdings in Q1
Elsewhere, Exodus Movement, a U.S.-listed self-custody cryptocurrency company, reported steady growth in its crypto holdings for Q1 2026. 
By the end of March, the company held 628 BTC, reflecting a net addition of 18 BTC.
At the same time, its Ethereum holdings increased to 1,857 ETH, while Solana holdings reached 17,541 SOL. During the period, the firm added 17 ETH and 1,847 SOL, thereby signaling steady accumulation across major assets.
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