Crypto Industry News & Market Trends

Ethereum Backers Pledge 30,000 ETH to rsETH Recovery Post-Exploit

Ethereum co-founder Joe Lubin and Consensys have stepped up to support the recovery of rsETH following a $290 million exploit that shook the DeFi ecosystem. The group, along with other backers including DeFi United, has pledged up to 30,000 ETH to stabilize rsETH markets and assist affected users.　　The exploit, which occurred on April 18, targeted a LayerZero-based bridge operated by Kelp DAO, draining approximately 116,500 rsETH. The attack caused significant disruptions across decentralized finance, with multiple protocols halting operations to mitigate further risks. Notably, Aave suffered up to $200 million in bad debt as the attacker used rsETH as collateral to borrow liquidity, forcing the protocol to freeze its rsETH markets.　　The recovery plan spearheaded by DeFi United includes major participants like Lido, EtherFi, Ethena, Mantle, and Frax. The groups immediate goal is to provide liquidity while governance approvals across involved protocols are finalized. Sharplink, an Ethereum treasury company, has joined as an advisor to help structure the recovery effort.　　Preliminary investigations by LayerZero Labs identified the exploit‘s root cause as a configuration error in Kelp DAO’s bridge, which depended on a single verification path for cross-chain messages—a critical vulnerability that was exploited.　　Adding to the collaborative recovery efforts, Circle announced that its

04-28Ethereum

Donald Trump Changes Tone on Booming Prediction Markets

Trump said many smart people support the platforms and pointed out that other countries are adopting them. Platforms like Polymarket and Kalshi have grown very quickly, and recorded a combined $23.6 billion in March trading volume.　　Trump Softens Criticism Prediction Markets　　US President Donald Trump softened his position on only days after criticizing their popularity. Speaking to reporters in Florida on Saturday, Trump he was aware that many intelligent and influential people support the platforms. He added that other countries are embracing prediction markets and warned that the United States could fall behind if it chooses not to participate in the trend.　　His latest comments were very different from the ones he made earlier in the week at the White House. On Thursday, Trump said he was “not happy” with prediction markets and suggested that the modern world had become too much like a casino.　　He was very uncomfortable with the concept of betting platforms tied to real-world events, and said he had never been strongly in favor of them.　　Prediction markets allow users to place wagers on the outcome of future events, ranging from politics and economics to sports and global affairs. Platforms like and Kalshi have become very popular over the past year

04-28Industry

XRP On-Chain Data Signals Supply Shock on Binance, Is a Big Rally Ahead?

As CoinGape reported earlier, Ripple-backed Evernorth Holdings revealed billions in XRP withdrawn from exchanges as whale flows turned positive again. Moreover, large holders have added almost 11 million XRP per day on average since early April, creating a supply shortage.　　Will Price Picks Up Upside Momentum？　　XRP price fell 1.5% to $1.39 today amid broader crypto market selloffs. The intraday low and high were $1.39 and $1.42, respectively. Furthermore, trading volume has increased by more than 11% over the last 24 hours, indicating a rise in interest among traders.　　XRP lawyer Bill Morgan also signaled a supply shock might move XRP price to the upside. The comments came as Strategy‘s executive chairman Michael Saylor said, “Bitcoin is setting up for a massive supply shock.” This has sparked optimism among the XRP Army about a potential rally amid institutions’ growing XRP ETF exposure.　　Finally, a supply shock that might move XRP price to the upside. https://t.co/Ej3FqalBwK　　— bill morgan (@Belisarius2020) April 28, 2026　　The derivatives market showed buying in the last few hours, as per CoinGlass data. At the time of writing, the total XRP futures open interest jumped 0.5% to $2.51 in an hour. The 24-hour XRP futures OI was down more than 3%. Notably, XRP

04-28Industry

The Quickest Way To End The Iran War Is To Resume Hostilities

Finance　　The Quickest Way To End The Iran War Is To Resume Hostilities　　The quickest way to end the Iran war is to resume hostilities. The mullahs running Iran still think they can emerge victorious. To them, survival would be a resounding win. These fanatics care not a whit for the well-being of Iranians. If theyre still in power when the war ends, they will revert to their evil ways, regardless of any agreements made.　　In repeatedly calling for a deal, the U.S. has given our adversaries and allies the impression that we badly need the war to end because of global and domestic political pressures; the spike in oil prices and the shortage of available oil are exacting an increasing toll on economies everywhere. However, it‘s not just energy that’s affected. The adverse impact on fertilizer is hitting the cost and the supply of food, particularly in poorer countries.　　The U.S. made a huge error in enacting a premature ceasefire. The U.S. and Israel needed two more weeks of operations to hit all of the intended targets. The untimely cessation of hostilities led the murdering mullahs to think they could wait us out, despite the terrible damage inflicted on Iran.　　It can‘t be said

04-28Industry

Donald Trump Changes Tone on Booming Prediction Markets

Trump said many smart people support the platforms and pointed out that other countries are adopting them. Platforms like Polymarket and Kalshi have grown very quickly, and recorded a combined $23.6 billion in March trading volume.　　Trump Softens Criticism Prediction Markets　　US President Donald Trump softened his position on only days after criticizing their popularity. Speaking to reporters in Florida on Saturday, Trump he was aware that many intelligent and influential people support the platforms. He added that other countries are embracing prediction markets and warned that the United States could fall behind if it chooses not to participate in the trend.　　His latest comments were very different from the ones he made earlier in the week at the White House. On Thursday, Trump said he was “not happy” with prediction markets and suggested that the modern world had become too much like a casino.　　He was very uncomfortable with the concept of betting platforms tied to real-world events, and said he had never been strongly in favor of them.　　Prediction markets allow users to place wagers on the outcome of future events, ranging from politics and economics to sports and global affairs. Platforms like and Kalshi have become very popular over the past year

04-28Industry

Radevs Progressive Bulgaria wins election, securing parliamentary majority

Tech　　Radevs Progressive Bulgaria wins election, securing parliamentary majority　　Rumen Radevs Progressive Bulgaria won the April 19 election with 45% of the vote and a parliamentary majority. The odds of Radev becoming the next Prime Minister are at 96.4% YES, down slightly from 98% yesterday.　　The Radev Prime Minister market has climbed from 91% a week ago to its current level, with the minor dip from yesterdays 98% the only pullback. The election gives Radev a clear mandate, though coalition partners may moderate his foreign policy. The order book shows $21,691 needed to move the price 5 points, which points to a liquid, stable market.　　Volume hit $19,025 in USDC traded over the past 24 hours. The largest price movement in that period was a 1.6-point dip, more consistent with short-term profit-taking than any change in the underlying outlook.　　Radev‘s win raises questions about Bulgaria’s EU alignment, particularly regarding Russia. But because he will need pro-European coalition partners, sharp policy shifts are unlikely. At 4¢, a YES share pays $1 if he becomes Prime Minister, a 25x return.　　Watch for formal coalition announcements or internal party disputes that could complicate Radevs path to nomination. Without those, his route to the premiership looks straightforward.

04-28Industry

Tennessee moves to ban crypto kiosks after $4mln in scam losses – Details

Crypto　　Tennessee moves to ban crypto kiosks after $4mln in scam losses – Details　　To enforce strict compliance, authorities will charge any organization that installs a crypto kiosk after the 1st of July with a Class A misdemeanor.　　With the law now in effect, regulators will scrutinize all 570 Bitcoin [BTC] ATMs in Tennessee, according to the latest data from CoinATMRadar.　　Back in March, Middle Tennessee law enforcement reported nearly $4 million in losses tied to crypto kiosk scams. That surge in fraud pushed the governor to take action.　　Moreover, the FBIs 2025 Internet Crime Report highlighted rising losses linked to cryptocurrency kiosks, further confirming the sentiment.　　According to the report, 13,460 complaints were filed in 2025, resulting in $389 million in losses. Compared to 2024, the complaints had increased by 23%, while losses rose by 58%.　　Source: FBI ICR 2025 report　　Therefore, the necessity for U.S. states to establish more stringent regulations and outright prohibitions to combat fraud is clear when these episodes are taken together.

04-28Industry

General Motors (GM) earnings Q1 2026

The General Motors global headquarters at Hudsons Detroit in Detroit, Michigan, US, on Monday, Jan. 12, 2026.　　DETROIT – is set to report its first-quarter earnings before the bell Tuesday.　　Heres what Wall Street is expecting, based on a survey of analysts by LSEG:Earnings per share: $2.62 adjustedRevenue: $43.68 billion　　Those results would mark a roughly 1% decline in revenue compared with a year earlier and a 5.8% decrease in adjusted earnings per share.　　GMs 2025 first-quarter results included $44.02 billion in revenue, net income attributable to stockholders of $2.78 billion, and adjusted earnings before interest and taxes of $3.49 billion.　　Aside from earnings and any changes to the automaker‘s 2026 guidance, investors will be monitoring effects from the Iran war, tariff impacts and additional charges related to the automaker’s pullback in all-electric vehicles.　　After announcing $7.6 billion in EV write-downs last year, the automaker said it expected additional charges but at a lower level than in 2025.　　GMs 2026 earnings guidance is better than its expectations and results from last year. It includes net income attributable to stockholders of between $10.3 billion and $11.7 billion; adjusted earnings before interest and taxes of $13 billion to $15 billion; and EPS of between $11 and $13 for the

04-28Industry

59,364,323 RLUSD Burned on XRP Ledger as Month-End Activity Ramps Up

Within the last 24 hours, more than 59 million Ripple USD tokens were burned at the RLUSD treasury on the XRP Ledger.　　A trend of increasing RLUSD activity is usually spotted at the months end. Along these lines, burn and minting activity has revolved around more than 118 million RLUSD tokens in the last 24 hours.　　Ripple Stablecoin Tracker, which tracks RLUSD activity on the XRP Ledger and Ethereum blockchain, reported three transactions in the last 24 hours.　　You Might Also Like　　Hyperliquid (HYPE) Regains 101% in Weekly Futures, Ethereum (ETH) Suddenly in Downtrend, Bitcoin (BTC) Has 1 Week Left: Crypto Market Review　　Ethereum Nears 190 Million Holders, What About XRP？　　This activity was performed on the XRP Ledger: 59,364,323 RLUSD was burned at the RLUSD Treasury after its earlier mint. The other two transactions are 59,364,323 RLUSD minted at RLUSD Treasury and 10,000,022 RLUSD minted at RLUSD Treasury.　　RLUSD month-end activity ramps up　　Vet, an XRP validator, highlights a trend of increasing activity for RLUSD toward the months end.　　In a tweet, Vet noted that the RLUSD mint/burn pattern is holding up, highlighting increased issuer activity on the XRP Ledger as the month wraps up. Vet believes that Aprils surge in month-end activity is yet to be seen,

04-28Industry

Peter Brandt says $250K Bitcoin target looks unlikely in 2026

Veteran trader Peter Brandt has pushed back against claims that Bitcoin could reach $250,000 in 2026. Peter Brandt said Bitcoins rising channel does not confirm a strong bullish bottoming pattern.Bitcoin traded near $76,000 to $78,000 after rebounding from Februarys $60,000 support zone.On-chain data showed fresh capital inflows, but retail Bitcoin participation remained weak.　　His latest chart review warned traders against treating recent price action as the start of a strong breakout. Brandt said Bitcoin has formed an ascending parallel channel over recent weeks. He said the structure can allow more gains, but it does not confirm a major bottom.　　“This is called a channel,” Brandt said. “While it does not preclude further price gains, it is NOT a bullish bottoming pattern.”　　Bitcoin remains inside rising channel　　Bitcoin has been trading near the $76,000 to $78,000 range after recovering from a sharp decline earlier this year. The asset dropped toward the $60,000 support area in February before staging a slow rebound.　　Brandts chart showed BTC moving higher inside a controlled channel. Such a pattern can show short-term strength, but it can also limit momentum if buyers fail to push price above resistance.　　A stronger breakout would require Bitcoin to move above the channel with rising volume. Without

04-28Industry