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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestVote to help HTX win & share 300 USDT!Drift gets $148 million funding from Tether and partners as it replaces Circle stablecoi

Drift gets $148 million funding from Tether and partners as it replaces Circle stablecoin with USDT after massive exploit

Drift Protocol, the victim of a recent North Korean exploit, plans to relaunch with Tether's $USDT as its settlement layer after securing a proposed funding package of up to $147.5 million from the stablecoin issuer and partners, the companies said on Thursday.

The deal includes up to $127.5 million from Tether and $20 million from the other partners, structured to support user recovery following Drift’s April 1 exploit and to reboot the platform as a $USDT-based perpetual futures exchange on Solana. Previously, the platform used Circle's stablecoin $USDC as its settlement layer.

The rescue package combines a revenue-linked credit facility, ecosystem grants and loans to market makers. A portion of trading revenue, alongside committed capital, will be directed to a recovery pool aimed at covering roughly $295 million in user losses over time.

The funding comes after a North Korea-linked group infiltrated Drift Protocol, posing as a quantitative trading firm for about six months before carrying out an exploit that was more than $270 million on April 1. Drift's governance token, DRIFT, has lost about 70% of its value since the exploit.

Circle came under fire from the crypto community for its seeming unwillingness to halt the money transfer after the exploit. The attacker moved about $232 million in $USDC from Solana to Ethereum using Circle’s cross-chain transfer protocol. Some critics, including blockchain investigator ZachXBT, said Circle could have moved faster to blacklist wallets and freeze funds to prevent (or at least slow down) the attacker from moving the assets.

However, Circle's didn't take any such actions due to legal risks.

Its CEO, Jeremy Allaire, later said that his company freezes $USDC wallets only when direc

Drift gets $148 million funding from Tether and pa

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BlackRock, the world’s largest asset manager, is accumulating Bitcoin (BTC) and Ethereum (ETH) once again, as institutional demand for crypto-based Exchange-Traded Funds (ETFs) ramps up. The move come

BlackRock, the world’s largest asset manager, is accumulating Bitcoin (BTC) and Ethereum (ETH) once again, as institutional demand for crypto-based Exchange-Traded Funds (ETFs) ramps up. The move comes despite ongoing market volatility and heightened bearish sentiment, highlighting how institutional appetite for crypto exposure remains firm even as fear and uncertainty spread across the market.

BlackRock Ramps Up Bitcoin And Ethereum Buying

From April 6 to 10, BlackRock recorded a strong wave of inflows into its spot crypto ETFs, highlighting sustained institutional demand for digital assets. The recent inflows also signaled a shift in sentiment among investors, who had previously adopted a risk-off stance amid geopolitical tensions and macroeconomic conditions that fueled price declines in the crypto market.

In total, the investment company attracted about $780 million across its Bitcoin and Ethereum ETFs, a staggering figure that shows renewed interest in regulated crypto exposure. SoSoValue reports that the bulk of these inflows went into BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT), which brought in roughly $612 million. Meanwhile, the firm’s Ethereum ETF, iShares Ethereum Trust (ETHA), added approximately $168 million over the same period.

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Source: SoSoValue

As new shares were issued, authorized participants stepped in to facilitate the process, requiring custodians to buy an equivalent amount of real BTC and ETH. Those assets are now being held by Coinbase Custody, the primary custodian for BlackRock’s crypto ETFs. To maintain full backing, the firm acquires Bitcoin and Ethereum through on the open market or over-the-counter (OTC) deals. BlackRock, for its part, manages the funds without using its own corporate capital.



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#Oil prices dipped modestly during Asian trading on Thursday as investors closely monitored diplomatic developments between the United States and Iran ahead of a critical ceasefire deadline set for Ap

#Oil prices dipped modestly during Asian trading on Thursday as investors closely monitored diplomatic developments between the United States and Iran ahead of a critical ceasefire deadline set for April 21. West Texas Intermediate crude futures slipped 0.4% to $90.90 per barrel at around 19:42 ET, reflecting ongoing market caution.Traders remained on edge as peace negotiations between Washington and Tehran showed limited progress following weekend talks. President Donald Trump expressed cautious optimism, suggesting that additional discussions could occur within days and that a resolution to the conflict might be within reach. However, uncertainty persists as the U.S. simultaneously confirmed a full naval blockade against Iran move analysts say could complicate diplomatic efforts.Some relief came from reports indicating that several ships and oil tankers successfully navigated the Strait of Hormuz during the week. Additionally, Reuters reported that Iran may be open to permitting free passage on the Omani side of the strait as part of a potential peace agreement a a development that could ease supply concerns if confirmed.Despite a fragile ceasefire holding as of early Thursday, with no new military strikes reported since late last week, markets remained cautious. News that the U.S. was considering deploying over 10,000 additional troops to the region raised fresh fears of escalation.Crude oil had surged to $120 per barrel following the outbreak of hostilities in late February, but prices have since pulled back amid emergency reserve releases by major economies. Both the International Energy Agency and OPEC flagged softer global demand outlooks tied to war-related disruptions. Attention also turned to upcoming Chinese economic growth

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#Oil prices dipped modestly during Asian trading o

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$POND is starting to show strength after spending time building a solid base. The price recently pushed above a key resistance level, which is often a sign that buyers are gaining control. If momentum

Claim1,200 USDT in the Monthly Creation ChallengeVote to help HTX win & share 300 USDT!Post To Earn BonusBitcoin is pushing into a technically important area, with price tightening against resistance 

Bitcoin is pushing into a technically important area, with price tightening against resistance and a larger move in either direction looking increasingly likely. $BTC is trading around the $73,000–$74,000 range, showing a rough 5–6% short-term gain, signaling a steady recovery phase in the market. The setup looks constructive on the surface, but analysts who have navigated previous cycles know this is precisely where markets tend to be most deceptive.

$BTC Beyond the Double Bottom Formation
Crypto analyst Rekt Capital has explained that Bitcoin is attempting to break above the neckline of a developing double bottom formation near $72,810. A weekly close above this level or a successful retest could confirm a breakout, opening the path toward $81,000–$82,500.

He warns that similar setups in earlier bear-market phases have appeared convincing but ultimately failed. This means even if Bitcoin breaks out, the move could still turn into a bull trap if momentum doesn’t hold.

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