[Weekly Readings] Crypto Bounce Back As Bank Failures Easing

HTX NewsPublished on 2023-04-01Last updated on 2023-04-01

Abstract

Review the hot articles in the past week and help you quickly understand the crypto market.

Articles of this week, helping investors gain an in-depth view of the market.

Market Interpretation

$4 Billion Bitcoin Option Contract To Expire On Friday, What This Means For BTC

The company plans to use corporate resources to fill the gap, including external capital.

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Bitcoin Price Regains Strength As The Bulls Target Fresh Monthly High

Bitcoin price is rising above the $28,000 resistance. BTC bulls seem to be aiming a fresh surge above the $28,500 and $28,800 resistance levels.

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Why Bitcoin Could Be Less Than 120 Days Away From Retesting ATHs

Bitcoin price is currently pulling back alongside the broader crypto market following a strong move from $20,000 to $29,000 in a matter of two weeks. The sharp rally has the market speculating that a bottom might be in.

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Bitcoin Price Action Mirrors Q1 2021, Volatility Ahead?

The surge of the largest cryptocurrency in the market, Bitcoin (BTC), has caught the attention of investors and analysts, with many drawing parallels to BTC’s performance in Q1 2021. While the similarities are striking, some experts caution against assuming that history may repeat itself.

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ETH2.0

Withdrawals Are Coming! ETH Shapella Mainnet Launches April 12th with Exciting Upgrades

Ethereum, the second-largest cryptocurrency by market capitalization, has announced the launch of the Shapella Mainnet.

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Related Reads

$20M Crypto Scam Lands Texas Man 23-Year Prison Sentence

Robert Dunlap, a Texas man, has been sentenced to 23 years in federal prison for orchestrating a $20 million cryptocurrency scam. He was convicted of conspiracy to commit mail and wire fraud for promoting the "Meta 1 Coin," which he falsely claimed was backed by a $1 billion art collection and $2 billion in gold. The assets did not exist. Dunlap promised investors massive, risk-free returns and defrauded nearly 1,000 victims. He used the stolen funds for a lavish lifestyle, including purchasing a Ferrari. Despite an SEC order to stop, he continued promoting the scam and attempted to use "sovereign citizen" tactics to defy the court. He was also ordered to pay over $10 million in restitution.

bitcoinist7m ago

$20M Crypto Scam Lands Texas Man 23-Year Prison Sentence

bitcoinist7m ago

US Spot Bitcoin ETFs Attract $1B Weekly Inflows Amid Easing Global Tensions

US spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, the highest in over three months, with a single-day peak of $663.9 million on Friday. Total net assets exceeded $101 billion, accompanied by surging daily trading volume nearing $4.8 billion. Analysts attribute the momentum to easing global tensions, particularly in US-Iran relations, which reduced demand for traditional safe-haven assets like the US dollar. Market confidence was further boosted by diplomatic developments ensuring open access to the Strait of Hormuz, causing Bitcoin’s price to surge past $78,000 while Brent crude oil dropped sharply. The shift reflects growing investor appetite for alternative assets amid evolving macroeconomic conditions.

TheNewsCrypto1h ago

US Spot Bitcoin ETFs Attract $1B Weekly Inflows Amid Easing Global Tensions

TheNewsCrypto1h ago

World Unveils Full-Stack World ID Upgrade to Power Proof of Human

World has launched World ID 4.0, a major upgrade to its identity protocol designed to serve as a universal proof of human in digital environments. The system verifies that users are real, unique humans without collecting or exposing personal data, relying instead on cryptographic methods and one-time nullifiers to ensure privacy and prevent tracking. Already used by 18 million people across 160 countries, World ID enables seamless, anonymous authentication across platforms. It introduces a dedicated app for credential management and an open-source SDK for developers. Applications include reducing bots on social media, ensuring fair access in ticketing systems, improving security in enterprise settings through "human continuity," and enabling accountability for AI agents via "human-backed AI" tools. The protocol aims to make proof of humanity a foundational, privacy-preserving layer of the internet—establishing trust through cryptographic verification rather than personal data disclosure.

TheNewsCrypto1h ago

World Unveils Full-Stack World ID Upgrade to Power Proof of Human

TheNewsCrypto1h ago

Crypto Exec Joe McCann Draws Scrutiny After Fiancée’s Death In Zanzibar

Crypto hedge fund founder Joe McCann is under investigation by Zanzibar police following the death of his fiancée, Ashly Robinson, on April 9. Robinson was found unresponsive in her hotel room with a belt around her neck after the couple had a dispute and were moved to separate rooms. While authorities have preliminarily ruled the death a suicide, they are withholding McCann’s passport pending a formal autopsy. Robinson’s family has publicly challenged the suicide ruling, noting she had recently celebrated her 31st birthday and their engagement. McCann’s not commented publicly. The incident occurs amid reported financial struggles at McCann’s fund, Asymmetric, which lost 80% of its value in 2025.

bitcoinist3h ago

Crypto Exec Joe McCann Draws Scrutiny After Fiancée’s Death In Zanzibar

bitcoinist3h ago

Podcast Notes: Hyperliquid Has Become the Top Interest Point for Traditional Hedge Funds

Empire Podcast hosts Jason Yanowitz and Santiago Santos discuss the surging institutional interest in Hyperliquid, a decentralized perpetual exchange, marking the highest level of engagement from traditional hedge fund managers since Paul Tudor Jones endorsed Bitcoin in 2020. The primary driver is the demand for weekend trading of commodities like oil, especially during geopolitical tensions such as the Iran conflict, as Hyperliquid provides the only active price discovery venue when traditional markets are closed. Trade XYZ, a front-end on Hyperliquid, has seen significant growth, with weekend oil price predictions having a median error of only 50 basis points. Santos predicts commodity trading volume on Hyperliquid will surpass Bitcoin within the year and that its market cap could rise from $25 billion to $100 billion. Other key points include Kraken raising $200 million at a reduced valuation of $13.3 billion, and the SEC clarifying that self-custodied DeFi frontends like MetaMask are not subject to broker-dealer rules, resolving a major regulatory uncertainty. The hosts also note the strong correlation between crypto and macro markets, with the S&P 500 posting one of its best 10-day rallies since 1950. They highlight MicroStrategy's continued Bitcoin acquisitions and the potential of real-world asset (RWA) tokenization as a key trend. The discussion concludes with skepticism towards many L2 projects, predicting a wave of protocols truly going to zero as capital concentrates in proven assets like Bitcoin and Hyperliquid.

marsbit5h ago

Podcast Notes: Hyperliquid Has Become the Top Interest Point for Traditional Hedge Funds

marsbit5h ago

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