In a recent update, COINOTAG reported that on April 29th, the most actively traded tokens on Binance by volume included KMNO, POPCAT, and FARTCOIN. Collectively, these tokens represented a significant
Strategy (MSTR) has expanded its bitcoin holdings again, purchasing 15,355 BTC for around $1.42 billion last week. The average price paid per coin was $92,737 , according to a Monday regulatory filing. This latest buy pushes Strategy’s total bitcoin stack to 553,555 BTC, now valued above $52 billion with bitcoin trading slightly over $95,000. The company’s average purchase price across all its bitcoin is $64,459. The acquisition was financed through proceeds from recent stock sales. Between April 21 and 27, Strategy sold over $4 million of Class A common shares and more than 435,000 preferred STRK shares. As of now, just $128.7 million remains in its at-the-market (ATM) stock program, which initially launched with $21 billion in October 2024. Following the announcement, MSTR shares rose 1.5% in pre-market trading, tracking a slight uptick in bitcoin's price.
BlackRock’s exchange-traded fund (ETF) bought nearly $1 billion worth of Bitcoin on behalf of its clients on April 28, with continued inflows providing “structural support” for Bitcoin’s price appreciation, according to market analysts. BlackRock’s iShares Bitcoin Trust (IBIT) ETF bought $970 million worth of Bitcoin ( BTC ) on April 28, its second-largest day of inflows on record after scooping up $1.12 billion of BTC on Nov. 7, 2024, Sosovalue data shows. IBIT ETF Inflows, all-time chart. Source: Sosovalue IBIT’s near $1 billion investment brought total net inflows to US spot BTC ETFs to just above $590 million, with all other ETFs realizing net negative outflows or remaining flat. ARK Invest’s ARKB ETF recorded the highest outflows of $226 million. Related: Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back “Nearly *$1bil* into iShares Bitcoin ETF today.. 2nd largest inflow since Jan 2024 inception. I still remember when there was “no demand,” Nate Geraci, the president of ETF Store advisory firm, wrote in an April 29 X post . BlackRock’s IBIT is the largest spot BTC ETF, with over $54 billion in assets under management, accounting for 51% of the total spot BTC ETF market share, Dune data shows. Bitcoin ETFs by market share. Source: Dune The latest inflows make IBIT the world’s 33rd-largest ETF among crypto and traditional finance-based ETFs, according to data from ETF Database. Last week’s “ETF inflows and croproate buying” have been significant for Bitcoin’s recovery above $94,000, as retail investor interest continued to lag, Ryan Lee, chief analyst at Bitget Research, told Cointelegraph. Related: Bitcoin’s role as a reserve asset gains traction in US as states adopt ETFs provide “structural” support for Bitcoin rally Bitcoin’s recovery over the past week was aided by over $3 billion worth of cumulative net inflows for the US spot Bitcoin ETFs, marking their second-highest week of investments since launch. The Bitcoin price posted its “strongest weekly gain since Trump’s election victory, but signs suggest another move could be brewing,” according to Nexo dispatch analyst Iliya Kalchev. “ETF inflows into spot Bitcoin products topped $3 billion last week — the highest since November — providing structural support that could fuel further upside,” the analyst told Cointelegraph. Bitcoin investments have previously been a significant driver of Bitcoin’s upside momentum. Bitcoin ETFs accounted for an estimated 75% of new investment into Bitcoin when it recaptured the $50,000 mark in February 2024, a month after the debut of the US spot Bitcoin ETFs. Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest, April 13 – 19
Over 85% of Bitcoin’s circulating supply is currently in profit, signaling strong investor confidence and bullish trends. As Bitcoin approaches 90% of its supply in profit, a euphoric market phase
In the fast-paced world of decentralized finance (DeFi), security incidents are a stark reality. When a protocol suffers a significant breach, the focus quickly shifts from the initial loss to the potential for recovery. This is precisely the situation the Solana-based DeFi protocol, Loopscale, has been navigating following a substantial exploit. The good news breaking recently is the significant progress made in the Loopscale recovery efforts, bringing a measure of relief to the community and highlighting the complex dynamics of dealing with digital asset theft. What Happened During the Solana Exploit Affecting Loopscale? Earlier, Loopscale faced a challenging period after experiencing a major exploit that resulted in the loss of approximately $5.8 million in digital assets. This incident was a sharp reminder of the vulnerabilities that can exist within DeFi protocols, even on robust blockchains like Solana. Exploits like these can shake user confidence and pose significant questions about the overall DeFi security landscape. While the specific technical details of how the exploit occurred were not fully elaborated in the initial announcements, the financial impact was immediate and substantial, putting the protocol’s future and its users’ funds at risk. How Did the Loopscale Recovery Unfold? The path to recovery in cryptocurrency exploits is often fraught with difficulty, making Loopscale’s recent announcements particularly noteworthy. The protocol shared via its official communication channels that it had successfully recovered an additional $2.14 million from the exploiter. This follows an earlier recovery, bringing the total amount returned so far to a more significant figure. The latest recovery of 14,463 WSOL (Wrapped Solana), valued at roughly $2.14 million at the time of the transactions, occurred in two distinct phases: A transfer of 10,000 WSOL (approximately $1.48 million) A subsequent transfer of 4,463 WSOL (approximately $660,000) These amounts are in addition to the 5,000 WSOL (approximately $740,000) that was returned the day prior. This step-by-step return of funds suggests a deliberate process, possibly part of a negotiation, which is not uncommon in attempts at crypto exploit recovery . The Hacker’s Terms: Bounty or Bust? Interestingly, Loopscale had previously indicated that the individual responsible for the exploit had reached out and expressed a willingness to return the stolen assets. The condition for this return, as stated by the protocol, was in exchange for a bounty. Offering a bounty to an exploiter is a controversial but sometimes effective strategy used in the blockchain space. It incentivizes the return of funds that might otherwise be permanently lost and can potentially save the protocol and its users from total financial devastation. While the specific terms of the bounty were not disclosed, the fact that funds are being returned suggests that some form of agreement or negotiation is underway. This aspect of the Solana exploit affecting Loopscale adds a layer of complexity to the incident, moving beyond a simple theft to a more intricate interaction between the protocol and the exploiter. Why is Crypto Exploit Recovery So Challenging? Recovering funds after a blockchain hack is notoriously difficult for several reasons: Pseudonymity: While transactions are public, identifying the real-world identity of the hacker behind the wallet addresses is challenging. Global Nature: Jurisdictional issues make legal pursuit complicated across borders. Speed: Stolen funds can be quickly moved, laundered through mixers, or swapped for other cryptocurrencies, making tracing difficult. Decentralization: The very nature of decentralization means there’s no central authority to simply reverse transactions. Given these challenges, the partial Loopscale recovery stands out as a positive development, demonstrating that while difficult, recovery is not always impossible, especially when exploiters choose to cooperate, often motivated by the prospect of a bounty or other factors. Implications for DeFi Security on Solana The incident serves as a case study for DeFi security practices and incident response. For users and developers within the Solana ecosystem and the broader DeFi space, it underscores the critical importance of rigorous smart contract audits, continuous monitoring, and robust security frameworks. While Solana provides a high-throughput blockchain, the security of individual protocols built on it remains the responsibility of their development teams. The Loopscale incident, like others before it, reinforces the need for constant vigilance and improvement in security measures to protect user assets from sophisticated attacks. What Does This Loopscale Recovery Signify? The partial recovery is a significant step forward for Loopscale and its community. While the majority of the stolen funds ($5.8M – $2.14M – $0.74M = $2.92M) are still outstanding, the return of a substantial portion provides some hope and potentially reduces the total loss for affected users. It also highlights the potential, albeit rare, for negotiation and recovery in the aftermath of a major exploit. The focus will now likely shift to how Loopscale plans to distribute the recovered funds and what measures are being put in place to prevent future incidents. In conclusion, the recent announcement of an additional $2.14 million recovered by Loopscale following its $5.8 million exploit is a positive development in a challenging situation. It demonstrates that even in the face of a significant blockchain hack , avenues for recovery can exist. While the full impact of the Solana exploit on Loopscale and its users is still unfolding, the successful return of a portion of the funds offers a degree of optimism and valuable lessons for the entire DeFi ecosystem regarding security, incident response, and the complex process of crypto exploit recovery . To learn more about the latest crypto market trends and DeFi security developments, explore our articles on key events shaping the future of decentralized finance.
The cryptocurrency landscape experiences a seismic shift as Bitcoin’s profitable supply approaches 90%, indicating strong buyer interest and a potential rally toward $115,000. As on-chain analysis suggests, new demand from
COINOTAG News reported on April 29 that the co-founder of Material Indicators, Keith Alan, highlighted the critical challenge Bitcoin faces in regaining its footing from early 2025. The pivotal price
Key takeaways: Bitcoin supply in profit has climbed back above 85%, nearing the classic euphoric area. Onchain data shows strong accumulation from new and momentum buyers with minimal profit-taking. Bitcoin could rally toward $110,000–$115,000 helped by a “max buying” zone. Bitcoin ( BTC ) is charging toward a potential new all-time high near $115,000, as a surge in profitable supply signals growing bullish momentum and a classic setup for market euphoria. Nearly 87% of Bitcoin supply in profit As of April 28, approximately 86.9% of all Bitcoin coins were in profit, according to on-chain data resource CryptoQuant . Historically, the metric’s climb into the 85–90% range has signaled a transition from healthy optimism to speculative euphoria among traders. Between October and December 2024, for instance, Bitcoin’s price climbed from around $80,000 to over $100,000, a rally coinciding with Bitcoin’s profitable supply rising from under 80% to as high as 99%. Bitcoin percent supply in profit. Source: CryptoQuant In his April 28 post, CryptoQuant-based analyst DarkFrost reminded that Bitcoin’s euphoric phases may not last for longer timeframes, leading to sharp corrections as holders begin realizing gains. BTC’s price established a record high of nearly $110,000 in January, with its profitable supply hitting 99%. But the cryptocurrency dropped by over 30% afterward. Similar profit-taking behaviors have led to price corrections in the past, as shown above. “Currently, the supply in profit has climbed back above 85%, which is fairly positive,” DarkFrost writes, noting that its recovery from the recent bottom of 75% is still better when compared to 45-50% lows witnessed during bear market corrections. Besides, the BTC supply in profit still remains below 90%. Crossing above 90% has historically preceded profit-taking behavior among traders, suggesting that there’s more room to grow for BTC prices in the coming days. DarkFrost argues: “Of course, there are certain levels that are more "comfortable" than others, but generally, an increase in the supply in profit tends to fuel bullish phases.” Additional onchain data also supports the bullish outlook. Bitcoin’s First Buyers and Momentum Buyers are actively accumulating, while Profit Takers remain relatively quiet, according to Glassnode metric tracking BTC’s cumulative supply per cohort. BTC relative strength index of cumulative supply per cohort. Source: Glassnode This means fresh demand is coming in without heavy selling, a key ingredient for keeping the rally strong as anticipated by DarkFrost in the analysis above. Bitcoin “max buying” zone hints at $115,000 In late April, Bitcoin bounced strongly from the $89,000–$90,000 support zone, a key horizontal level from prior price action strengthening the case for more upside. The area, according to chartist CryptoCaesarTA , now acts as a “max buying” zone where buyers have aggressively stepped in to limit Bitcoin’s drawdowns. BTC/USD weekly price chart. Source: TradingView/CryptoCaesarTA Below it, the $70,000–$72,000 region remains untested, aligning closely with the long-term ascending trendline. If Bitcoin faces deeper pullbacks, this zone could serve as a critical secondary support. For now, Bitcoin’s resilience above $90,000 keeps the bulls firmly in control. Related: 5 Bitcoin charts predicting BTC price rally toward $100K by May A breakout above the $100,000 psychological barrier could pave the way toward new all-time highs at $110,000–$115,000, according to CryptoCaesarTA. The upside target aligns with previous resistance highs and a so-called "weak high" zone on the weekly chart above. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Tether has announced that its tokenized gold product, XAUT , has reached a $770 million market cap , with each token backed 1:1 by LBMA-certified gold . A total of 246,523.33 troy ounces — around 7.7 tons — is securely stored in a Swiss vault, according to Tether’s first official attestation under El Salvador’s financial regulations. The company says XAUT’s growth is largely driven by increased demand for gold, which is being used as a hedge against inflation and global uncertainty. Central banks, especially those in BRICS nations, have been major buyers this year, collectively adding over 1,000 metric tons to their reserves in 2024. With gold prices climbing more than 27% this year and hitting $3,343 per ounce , XAUT is being promoted by Tether as a trusted digital alternative. CEO Paolo Ardoino claims the token could become a standard for those seeking physically backed digital gold — especially in a market where not all gold tokens guarantee actual metal backing. Tether emphasizes that its product stands apart through regular audits and gold bar verification , offering a more transparent and reliable option compared to unbacked or partially backed gold-based tokens.
Garlinghouse emphasizes the need for modernization in payment systems. XRP's price could surge significantly with increased market adoption. Continue Reading: Ripple CEO Ignites Optimism with Bold Vision for XRP and Cross-Border Payments The post Ripple CEO Ignites Optimism with Bold Vision for XRP and Cross-Border Payments appeared first on COINTURK NEWS .