Bitcoin Leads April Recovery with $6B+ as Ethereum Lags in Demand, XWIN Research Finds

Japan-based crypto research firm XWIN Research has outlined a divide between Bitcoin and Ethereum.  It argues that Aprils market rebound was driven largely by Bitcoin, not a broad crypto recovery.  Key PointsBitcoin led Aprils crypto rebound, gaining 11.85% as Ethereum lagged with a 7.28% rise.XWIN says Bitcoins rally was due to strong U.S. institutional demand and ETF inflows.Ethereum showed weaker demand, with price gains mainly driven by reduced selling pressure.The report suggests capital is becoming more selective, favoring assets with clearer demand signals.  Bitcoin Drives the Rebound  According to the report, Bitcoin climbed from $68,219 to $76,306 in April, marking an 11.85% gain and briefly testing $79,500. In contrast, Ethereum rose from $2,103 to $2,256, a smaller 7.28% increase, with a weaker peak near $2,466.  This gap, XWIN says, reflects bigger structural differences rather than simple price performance. Bitcoins recovery was backed by strong demand, particularly from U.S. institutional investors.  A key indicator, the Coinbase Premium, moved back into positive territory, confirming renewed buying interest, including flows linked to spot ETFs.  For instance, Michael Saylors Strategy acquired over 56,200 $BTC in April, investing over $4 billion in the market. Moreover, Bitcoin ETFs, led by BlackRock, invested over $1.197 billion in $BTC in the same month and have

05-06

South Koreas Crypto Exchanges Resist Tightened AML Rules

South Koreas cryptocurrency industry is pushing back against proposed Anti-Money Laundering (AML) rules that could significantly increase compliance burdens for virtual asset service providers (VASPs). The Financial Services Commission (FSC) and Financial Intelligence Unit (FIU) introduced the amendments on March 30, with a public comment period open until May 11. Finalization is expected in July following regulatory review.  The proposed rule would require VASPs to report all international crypto transactions worth over 10 million Korean won (around $6,800) as potentially suspicious, regardless of additional risk factors. According to the Digital Asset eXchange Alliance (DAXA), a trade group representing 27 VASPs, including major exchanges like Upbit, Bithumb, and Coinone, this could result in an 85-fold increase in reporting volumes for South Koreas five largest platforms—from 63,000 reports in 2025 to over 5.4 million annually.  “This scale of reporting makes compliance practically unmanageable,” DAXA noted in its formal comments submitted on the proposed changes. The group also raised concerns about requirements to verify customer information, arguing the demands go beyond the scope of the underlying Financial Information Act.  The tension underscores broader friction between South Koreas efforts to tighten AML oversight amid global scrutiny and an industry struggling to adapt to rapidly expanding regulatory demands.

05-06

UmexGain Increases Support Team to Improve Service Quality

UmexGain has made an important decision to increase the number of specialists on its support team to make its services even more useful and accessible to clients. The companys new professionals bring years of experience and deep knowledge of financial markets, significantly strengthening the quality of interaction with users.  By expanding the team, the broker strengthens clients‘ ability to master the platform, select instruments, and develop their own strategies. The company’s specialists pay attention to each clients individual preferences and offer recommendations that help them confidently move toward their goals.  UmexGain experts possess a wide range of skills, making them a valuable resource for those seeking to develop informed decisions. They help users quickly navigate the platforms functionality, suggest optimal ways to work with instruments, and share practical advice. This approach allows clients to save time and get the most out of their experience. The expanded company support team has become an important step in creating a comfortable environment for all categories of users.  Individual Choice  UmexGain strives to continually increase client capabilities by offering flexible solutions and a wide range of tools. The company places special emphasis on a personalised approach, creating an atmosphere where each user can find the most convenient format

05-06

Bitcoin Punishes Bears with $7.88B Short Liquidations Since February

Bitcoins ($BTC) bull rally is continuously punishing the short sellers. In this respect, the bears have faced a total liquidation of up to $7.88B since February. As per the data from CryptoQuant, this highlights the risks of recurrent shorting around the $80K mark. Thus, the traders placing bets against the strength of $BTC are witnessing consistent liquidations.  $737M in one day.  $608M a month later.  $175M yesterday – with no major catalyst.  Since February, bears have lost $7.88B in forced liquidations.  They keep shorting near $80K.  The market keeps liquidating them.  This is a pattern.  Bitcoin Short Sellers Incur $7.88B in Liquidations as Bull Rally Strengthens  The on-chain statistics indicate Bitcoin ($BTC) short sellers have incurred a staggering $7.88B liquidation since February amid the strong upward momentum. In this respect, the aggressive bullish outlook is increasing the vulnerability of the highly leveraged $BTC shorts across the crypto sector. Specifically, the “Bitcoin Trend Pulse” indicator clearly shows that Bitcoin ($BTC) stands firm in the bull mode while hovering around the upper 1.0 range.  Historically, analogous conditions have led to prolonged rallies, as the surges during 2023 and 2021 revealed. Additionally, the bearish phases were comparatively short-lived in comparison with the extended bull cycles. This suggests that the present shot liquidations reflect

05-06

Ripple Shares DPRK Threat Intel With Crypto ISAC

Ripple shares DPRK threat intel with Crypto ISAC to help firms detect fake insiders early.Crypto ISAC says the data includes wallets, domains, identity signals, and compromise indicators.Crypto ISAC API unifies Web2/Web3 threats; Ripple, Coinbase among early adopters.  Ripple has begun sharing exclusive threat intelligence tied to North Korea-linked activity with Crypto ISAC, marking a wider industry push against infiltration schemes targeting crypto firms.  The effort focuses on identifying suspicious actors before they secure trusted access to internal systems. The company said attackers rejected by one firm can approach several others within days.  Threat Data Targets Fake Access Routes  Crypto ISAC said the shared data was developed through AI-enhanced detection workflows and includes fraud-linked domains, suspicious wallets, and indicators of compromise. The intelligence also includes identity signals tied to applicants, contractors, vendors, and third-party partners.  That focus reflects a shift in attack methods across the sector. Crypto ISAC said the Drift hack did not begin with a smart contract exploit or zero-day vulnerability. Instead, malicious actors built trust with contributors over several months, compromised devices through malware, and used that access to reach multisig wallets.  The new data will move through Crypto ISACs updated API, which is designed to normalize Web2 and Web3 threat indicators. Ripple, Coinbase,

05-06

Canada: Trade outlook stabilizes with energy boost – RBC

Royal Bank of Canada (RBC) economist Nathan Janzen notes that higher Oil and Gold exports pushed Canadas trade balance back into surplus in March, even as non-energy exports remain under pressure from U.S. tariffs. He highlights weak volumes in tariffed steel and lumber, but improving motor vehicle exports and strong equipment imports that signal firmer domestic demand and business investment.  Energy-led surplus offsets tariff headwinds  “The surge in oil prices and another jump in gold exports were the main factors pushing Canadas trade balance back into surplus in March.”  “Beyond those products, the data was mixed but broadly consistent with an external demand backdrop still under pressure from U.S. tariffs, but also still showing signs of stabilization.”  “Excluding price impacts exports still declined by an annualized 2.4% in Q1 as a whole — exports of (heavily tariffed) steel and lumber products were still running 50% and 22%, respectively, below year ago levels.”  “A surge in Q1 imports leaves net trade tracking a large 4 ppts from Q1 GDP growth, but also is consistent with offset from relatively resilient domestic demand, including a 17% (annualized rate) increase in industrial equipment and imports — a positive sign for Canadian business investment.”  “Significant trade uncertainty remains with negotiations on

05-06

Silver price slips as fragile momentum, hawkish Fed outlook weigh

Silver (XAG/USD) trades lower on Tuesday, hovering around $73.05 at the time of writing, down 0.65% on the day, as the white metal struggles to gain traction despite a modest pullback in the US Dollar (USD). The softer Greenback offers limited support, with investors remaining focused on the outlook for interest rates and global growth.  Geopolitical tensions in the Middle East, particularly around the Strait of Hormuz, continue to fuel concerns over energy supply disruptions. Elevated Oil prices are reinforcing inflation fears, which in turn support expectations that central banks will maintain restrictive monetary policies for longer. This environment reduces the appeal of non-yielding assets such as Silver, even as the US Dollar shows signs of weakening.  The Federal Reserve (Fed) is expected to remain cautious, with markets still pricing in a risk of further tightening or, at the very least, delayed rate cuts. While a softer US Dollar typically supports precious metals, the impact is currently offset by elevated US Treasury yields and persistent inflation concerns.  Analysts at OCBC Bank emphasize Silver‘s relatively fragile setup compared to Gold (XAU/USD). The bank notes that “momentum remains soft following a failed breakout, and rallies are likely to be sold unless the US Dollar, Treasury

05-06

State Street and Galaxy (GLXY) launch tokenized fund to bring cash management onchain

State Street Investment Management and Galaxy Asset Management (GLXY) have launched a tokenized fund designed to move a core piece of finance — cash management — onto blockchain networks, the firms said Tuesday.  The State Street Galaxy Onchain Liquidity Sweep Fund, trading under the ticker SWEEP, allows large investors to park stablecoins into a fund that generates yield, while keeping the ability to move in and out at any time. Unlike traditional money market funds that operate during market hours, the new structure runs continuously on blockchain infrastructure.  The market for tokenized funds has grown quickly over the past year, led by products like BlackRocks BUIDL, which packages short-term U.S. Treasury exposure into a blockchain-based token. BUIDL has attracted billions of dollars, signaling that institutions are willing to hold tokenized versions of familiar instruments when the structure meets compliance and liquidity needs.  Other firms, including Franklin Templeton and now State Street with SWEEP, are building similar products, each experimenting with different blockchains and investor access models.  SWEEP launches on the Solana (SOL) blockchain, with plans to expand to Ethereum (ETH) and Stellar (XLM). Galaxy provides the underlying tokenization system, while Anchorage handles custody of digital assets and State Street oversees traditional securities held in

05-06

Iggy Azalea Faces Lawsuit Over Solana Meme Coin

The lawsuit claims Iggy Azaleas meme coin, MOTHER, was marketed with misleading promises.Investors point to failed integrations, including casino and telecom use.The Solana-based token has fallen more than 99% from its peak.  Rapper Iggy Azalea is facing a class action lawsuit in federal court in New York over allegations that she misled investors about the utility and development of her Solana-based meme coin, which trades as MOTHER.  The complaint, filed Tuesday in the U.S. District Court for the Southern District of New York, accuses Azalea of promoting the token as having real-world use cases and commercial integrations that did not materialize, leading to investor losses.  “This case is not about ordinary volatility in a cryptocurrency or the inherent risk that a speculative digital asset may decline in value,” the plaintiffs attorneys said. “It is about a celebrity-led promotional campaign that induced consumers to purchase and hold a digital token through specific, material representations about real-world utility, commercial integrations, institutional market maker support, and continuing development.”  The plaintiff, Wisconsin resident Kenneth Kolbrak, is seeking damages on behalf of investors who purchased Azaleas meme coin and lost money. He claims he bought the token after seeing statements about its utility and would not have done so,

05-06

Bullish (BLSH) Stock Jumps 17% on $4.2B Equiniti Acquisition Deal

Under the leadership of Tom Farley, formerly president of the NYSE, the crypto exchange debuted on the New York Stock Exchange in August 2025 with an opening price of $90 per share. Even with Tuesdays rally, shares remain 46% below that initial listing price.  As a prominent transfer agent, Equiniti manages financial documentation and executes critical transactions for companies with publicly traded securities. Its roster of clients features Berkshire Hathaway, Moodys, and Rolls-Royce.  The firm provides services to more than 20 million authenticated shareholders and handles approximately $500 billion in payments each year. Equinitis current portfolio includes roughly 3,000 publicly listed corporations worldwide.  According to Bullish, the acquisition provides access to essential regulated infrastructure that every public company requires: a licensed transfer agent. This component has long been viewed as a critical gap preventing broader institutional participation in blockchain-powered capital markets.  Strategic Rationale Behind the Acquisition  The newly formed entity will deliver comprehensive tokenization capabilities. These include continuous 24-hour securities trading, payments utilizing tokenized U.S. dollar stablecoins, and immediate settlement mechanisms.  “Tokenization represents a once-in-a-generation transformation in capital market operations,” Farley stated in the companys announcement.  He emphasized that achieving widespread institutional adoption demands comprehensive tokenization, a single unified ledger, and strong relationships with issuers. “This merger

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