Bull Run Going On

Circle (CRCL) stock jumped by more than 7% during the pre-market trading session on April 8 after reports that economists at the White House have dismissed claims that stablecoin rewards have the potential to harm banks. Towards the end of last month, the Circle stock price dropped due to concerns that the CLARITY Act would restrict yield on stablecoins.
White House Dismisses Claims Stablecoin Rewards Will Harm Banks
A report by White House economists has clarified that preventing crypto firms from giving their customers yield on stablecoins will not have any negative impact on community banks. The economists added that imposing this ban will only increase bank lending by a meager 0.02%.
They also said that instead of benefiting the public, such a ban would lead to a net welfare loss. Additionally, there are minimal risks that stablecoin yields will cause a decline in deposits, with the economists saying such concerns were “quantitatively small.”
“A yield prohibition would do very little to protect bank lending, while forgoing the consumer benefits of competitive returns on stablecoin holdings,” the report said.
Last month, the Circle stock price dropped sharply after a draft of the CLARITY Act revealed there were plans to get rid of the yield that is paid to stablecoin holders. This clause caused division among legislators and a delay in the bill’s passing. Now, the crypto community believes that the White House report is a green light to move forward with the rest of the bill.
Circle Stock Price Soars Past $100 Pre-Market as Buying Pressure Builds
On April 7, CRCL stock price closed trading at $94.12, up by 1.97% during the day. At press time, the stock has surged by 7.42% in the pre-market trading session and traded at $101.42. The gains not only mirror a shift in sentiment in the broader market but also optimism that the stablecoin regulatory framework in the US is gaining clarity.
The daily chart for Circle stock price reveals that buyers are coming back. The RSI is on the verge of making a higher low, which will confirm that the downtrend that began in mid-March is slowing down. If an upward reversal begins now, the first resistance is at the 61.8% Fib level of $103.69. An extended rally may push CRCL to $136.
CRCL’s key support level lies at the 50-day SMA of $86. If the price drops below this SMA, it may invalidate the bullish thesis, and the downtrend that has been ongoing for the last three weeks could continue.
With the CLARITY Act back in focus following the recent report by White House economists, CRCL may record an uptick in volatility. If the bill passes without a ban on stablecoin yield, it will likely trigger a Circle stock price rally.

Iran has reportedly threatened to withdraw from the ceasefire agreement if Israel continues to attack Lebanon. This comes just less than a day after the U.S.-Iran ceasefire agreement, while Bitcoin has dropped from its intraday high amid this development.
U.S.-Iran Ceasefire Could Crumble If Attacks On Lebanon Continue
According to Iranian media, Tasnim, Iran will withdraw from the ceasefire agreement if Israel violates the ceasefire and continues its attacks on Lebanon. “If America cannot rein in its rabid dog in the region, Iran will exceptionally help it in this matter! And that, by force,” an informed source told Tasnim.
As Reuters reported, Lebanon is currently seeing one of the most devastating periods since the war started, despite the U.S.-Iran ceasefire. The Israeli army said that it has launched 100 strikes across several locations in Lebanon, including Beirut, the capital city.
Meanwhile, Iran’s Fars reported that Iran has stopped oil tankers passing through the Strait of Hormuz after Israel’s ‘ceasefire breach.’ These developments risk escalating tensions once again, as reopening the Strait of Hormuz was one of the conditions of the ceasefire agreement.
The Bitcoin price has sharply fallen following these recent developments, dropping from an intraday high above $72,000 to below $71,000. The leading crypto is currently trading at around $70,700, down almost 2% today, according to TradingView data.
$BTC
It is worth noting that there appear to be conflicting views of the U.S.-Iran ceasefire agreement. U.S. President Donald Trump told PBS reporter Liz Landers earlier today that Lebanon isn’t part of the agreement because of Hezbollah forces.
Israeli Prime Minister Benjamin Netanyahu had also earlier said that Lebanon would not be included in the Iran ceasefire deal. However, this is contrary to what Pakistani Prime Minister Shehbaz Sharif said when he announced that the ceasefire would cover “everywhere, including Lebanon and elsewhere.”
Pakistani PM Raises Concerns Of Ceasefire Violations
Pakistani Prime Minister Shehbaz Sharif, who proposed the 2-week U.S.-Iran ceasefire, noted that there have been reports of violations of the ceasefire across the conflict zone. He remarked that this undermines the “spirit of peace” process and urged all parties to exercise restraint and respect for the ceasefire as they agreed upon.
Sharif noted that this is important so that diplomacy can take a lead role in the peaceful settlement of the conflict. Rising tensions could again put downside pressure on crypto prices, especially if oil prices begin to rise again following new disruptions in the Strait of Hormuz.
Iran may also be guilty of violating the U.S.-Iran ceasefire agreement, as Reuters reported Iranian missile and drone attacks against Gulf nations, including Saudi Arabia. However, amid these violations, President Trump said that in-person talks with Iran will happen soon. Pakistani Prime Minister Shehbaz Sharif confirmed that the U.S. and Iranian delegations will arrive in Pakistan for the “Islamabad Talks,” this Friday, April 10.

ZachXBT exposed internal data from North Korean IT workers today, detailing a $3.5 million crypto flow since late 2025. According to ZachXBT, the dataset came from a compromised device and includes 390 accounts, chat logs, and transaction records. The findings reveal how workers used fake identities, weak security, and coordinated systems to process roughly $1 million monthly.
According to ZachXBT in a detailed X thread, an unnamed source provided data extracted from an internal payment server used by North Korean DPRK IT workers. The dataset includes chat logs from IPMsg, account lists, and browser histories tied to fraudulent operations. Users discussed a platform called luckyguys[.]site, described as a remittance hub.
The system functioned as both a messaging tool and a reporting channel. Workers submitted earnings and received instructions through this platform. However, weak security exposed the system, as several accounts used the default password “123456” without changes.
User records listed Korean names, cities, and coded group identifiers. Additionally, three entities; Sobaeksu, Saenal, and Songkwang, appeared in the data. These companies are currently under OFAC sanctions, linking the network to previously identified operations.
Transaction Patterns Reveal $3.5M Flow.
Transaction logs show a consistent movement of funds across the network. According to ZachXBT, users transferred crypto from exchanges or services before converting it into fiat. In many cases, workers used Chinese bank accounts and platforms like Payoneer for off-ramping.
An administrative account identified as PC-1234 confirmed payments and distributed account credentials. These credentials varied between crypto exchanges and fintech platforms depending on user needs. Since November 2025, tracked wallet addresses have processed over $3.5 million.
Blockchain tracing linked several payment addresses to known DPRK. One Tron wallet was frozen by Tether in December 2025. This action indicates limited intervention by industry participants as per ZachXBT.
Fake Identities, Training, and Coordination
The dataset also outlines how workers secured remote jobs using fabricated identities. According to ZachXBT, compromised device data revealed fake personas, job applications, and browser activity.
Workers relied on tools like Astrill VPN to mask locations during these operations. This new investigation comes after ZachXBT called out Circle over $285M Drift Protocol exploit delay. In the new report, internal chats showed coordination across multiple platforms.
The admin shared 43 modules covering reverse engineering topics, including Hex-Rays and IDA Pro. These sessions focused on disassembly, debugging, and malware analysis, indicating ongoing technical development within the network.