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April has already seen over $600m stolen across DeFi, bridges and wallets, turning security from a protocol‑level concern into a full‑blown market risk premium. Summary Crypto protocols have already l

Crypto hacks top $600m in April as market prices in ‘security tax’ From contract bugs to AI‑driven s

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HTX DAO's First Hackathon Launches!Post To Earn BonusPost To Earn BonusLTCETH SEC removes huge pattern day trader barrier to allow retail investors to day trade Bitcoin with just $2k marginThe SEC has

SEC removes huge pattern day trader barrier to allow retail investors to day trade Bitcoin with just $2k marginThe SEC has approved a rule change that eliminates one of Wall Street's most recognizable barriers for small traders: the old $25,000 minimum tied to pattern day-trading restrictions.
Regulators signed off on FINRA's proposal to scrap a framework that lo$BTC $ADA $LINK $BSV $BCH $BTC ng made it harder for smaller investors to make rapid-fire stock trades, replacing it with a system aimed at measuring intraday risk.
The change might not be a rewrite of crypto regulation per se, but it carries certain implications for Bitcoin because the same retail crowd that speculates in stocks and options often moves through crypto too.



SEC removes huge pattern day trader barrier to all

On April 20, JPYC, the issuer of the yen stablecoin JPYC, completed an additional Series B funding round of 2.8 billion yen (approximately $17.62 million). Investors included Metaplanet, NCB Venture C

JPYC Completes Additional $17.62 Million in Series B Funding for Yen Stablecoin

WL: Ethereum L2/Sidechain

Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to ClaimHTX DAO's First Hackathon Launches!Written by: Michael Nadeau, The DeFi Report Translated by: Glendon, Techub News Over the p

Written by: Michael Nadeau, The DeFi Report

Translated by: Glendon, Techub News

Over the past year, Solana has been the platform of choice for cryptocurrency speculation. This positioning provided its network with an invaluable "stress test." The result was an explosive growth in user activity, fees, number of developers, and investor attention.

However, this also made the network highly vulnerable to a "cooling down" effect once risk appetite subsided. This "cooling down" effect arrived in the first quarter. Solana is now in reset mode. This article will share a comprehensive data-driven update on the Solana network's performance in the first quarter, as well as our focus going forward.

Operational Performance

Real Economic Value


Data Source: DeFi Report

REV = Base Fee, Priority Fee, MEV (Jito Tip), and voting fees for accessing L1 block space. MEV (Jito Tip) is distributed to SOL holders through staking. The remaining fees belong to validators, with 50% of the base fee being burned.

 Solana network total fees in Q1 were $89.9 million—the lowest level since Q3 2023. This represents a 1.4% decrease from the previous quarter and a 68% decrease year-over-year.

For reference, Ethereum L1 fees in Q1 were $82 million.

Detailed analysis follows:

Base Fees: Down 8.7% in Q1, but up 9.4% year-over-year;

Jito Tips (MEV): Down 19.7% in Q1, down 72.3% year-over-year;

Priority Fees: Up 23% in Q1, but down 68.8% year-over-year;

Voting Fees: Down 44.5% in Q1, down 16.4% year-over-year.

Key Takeaways

Solana was a "hotbed of speculation" in the previous cycle (alongside Hyperliquid).  The most powerful applications on the network (Pump, Axiom, Raydium, Jupiter) are all geared towards retail traders, resulting in highly cyclical on-chain revenue that is heavily reliant on speculative demand.

This chart also helps visualize the period in the last cycle 

Written by: Michael Nadeau, The DeFi Report Trans

Bitcoin Up 2 Weeks: Beginning or End?HTX DAO's First Hackathon Launches! Blockchain Forum 2026, Moscow Bitcoin drops from recent highs as traders watch CME gap, DeFi hack fallout The crypto market is 

Bitcoin drops from recent highs as traders watch CME gap, DeFi hack fallout

The crypto market is trading back in familiar territory following a short-lived spike to its highest point since early February on Friday.

Bitcoin is trading a hair under $75,000 while ether ($ETH) is at $2,300, both significantly lower than Friday's highs of $78,300 and $2,460.

One reason for traders to be bullish is that the bitcoin futures market on the CME, a venue favored by institutions, closed at $77,540 on Friday and opened at $74,600 to create "CME gap" that spans 3.8% to the upside. A similar gap occurred last week and was filled before the end of the day on Monday.

The first steps have been taken: Bitcoin's gained 1.5% since midnight UTC, suggesting sentiment is warming following a volatile weekend.

The market tumbled over the weekend as shipping through the Strait of Hormuz came to a halt after opening on Friday. The renewed closure led to a jump in the price of crude oil from $78 to $88 per barrel.

This weighed on risk assets, with Nasdaq 100 and S&P 500 futures both down by 0.59% since midnight.



Bitcoin drops from recent highs as traders watch C

On April 20, HashKey Group's Exchange Business Unit CEO, Ru Haiyang, announced at the '2026 Hong Kong Web3 Carnival' that HashKey Exchange will collaborate with Shanghai Commercial Bank to launch a co

HashKey Exchange to Launch Co-Branded Visa Credit Card with Shanghai Commercial Bank

Bitcoin is trading close to $75,000 as the market heads into a major $7.9 billion Deribit options expiry this Friday, one of the most influential short-term events for crypto price action this week. 📊

Bitcoin is trading close to $75,000 as the market heads into a major $7.9 billion Deribit options expiry this Friday, one of the most influential short-term events for crypto price action this week.
📊 Key positioning levels shaping the market
📍 $75,000: Heavy call open interest (~$395M), acting as the main battleground
📍 $62,000: Large put concentration on the downside
🎯 Max pain ~ $71,000: Current “gravity zone” where most options expire worthless
This setup places Bitcoin firmly in a tight, structured range ahead of expiry.
⚠️ Why $75,000 matters
Market makers are currently exposed to negative gamma around $75K, meaning their hedging flows can amplify volatility:
If price rises → hedging may require buying → adds upside pressure
If price falls → hedging may require selling → adds downside pressure
This creates a feedback loop where moves can accelerate in both directions, especially near key strike levels.
📉 Funding rates signal short pressure
Perpetual futures funding rates remain negative, suggesting short positioning is building.
That sets up two scenarios:
If BTC holds above $75K → potential short squeeze
If momentum fades → price could drift back toward $71K max pain
🧠 Market structure insight
Deribit now holds roughly $31 billion in open interest, ahead of major institutional platforms, making it the central venue shaping expiry-driven flows.
🔑 Bottom line
Bitcoin is not just trading on spot demand right now—it is trading inside a derivatives-driven structure where:
$75K is the key trigger level
$71K acts as expiry gravity
Volatility is being amplified by dealer hedging
This week’s price action may be less about direction—and more about positioning unwinds.


Bitcoin Near $75K as $7.9B Options Expiry Sets Up

BASED: Hyperliquid’s On-Chain Super App

Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to ClaimPost To Earn Bonus2024 BTC cycle 'dramatically' underperforming previous halvings: Analyst The current Bitcoin ($BTC) market 

2024 BTC cycle 'dramatically' underperforming previous halvings: Analyst



The current Bitcoin ($BTC) market cycle is “dramatically” weaker than the three previous cycles, according to Alex Thorn, the head of firmwide research at investment firm Galaxy.

Thorn compared price action since the April 2024 Bitcoin halving to cycles triggered in 2012, 2016 and 2020; the current cycle shows significantly dampened volatility and lower upside. The all-time high above $125,000 on Oct. 5, 2025 was only 97% above the 2024 halving price around $63,000.

$BTC’s price increased by about 9,294% during the 2012 halving cycle, reaching a high of about $1,163, and climbed by about 2,950% during the 2016 halving cycle, reaching a high of about $19,891. The 2020 halving saw a price increase of about 761%.

A comparison of Bitcoin’s price action in previous halving cycles. Source: Alex Thorn

“Cycle four is dramatically underperforming prior cycles,” Thorn said in an X post, asking, “Is this the new normal, or is it the new normal until it isn’t?”

The decreasing volatility in each successive $BTC halving cycle suggests that traditional market dynamics are changing and that $BTC’s price may start to be influenced more by other factors, rather than the halving or the four-year cycle market theory.

The 30-day Bitcoin Volatility Index, which spiked to 9.64% on April 2, 2020, has not been above 3.11% in the current cycle, a reading last tipped on Aug. 24, 2024. At last look, the latest 30-day estimate for that volatility gauge is 1.75%, according to Bitbo data.

2024 BTC cycle 'dramatically' underperforming prev

Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to ClaimPost To Earn BonusCrypto Stocks to Watch Ahead of April 28 Fed Meeting; CRCL, MSTR, COIN Top crypto stocks to watch this week

Crypto Stocks to Watch Ahead of April 28 Fed Meeting; CRCL, MSTR, COIN



Top crypto stocks to watch this week, April 28-29. FOMC Meetings are drawing close attention from investors. CRCL, MicroStrategy, and COIN are being watched by traders as possible volatile ones. Bitcoin is still holding above the 77,000 mark, and it remains resolute despite macro uncertainty. Ether is also trading above $2,300, which indicates a consistent institutional demand.

Crypto Stocks to Watch Ahead of April 28 Fed Meeti

Bitcoin Up 2 Weeks: Beginning or End?Daily $5000U Airdrop: One Tap to ClaimHTX DAO's First Hackathon Launches!LayerZero said North Korea’s Lazarus Group is the likely actor behind the Kelp DAO exploit

LayerZero said North Korea’s Lazarus Group is the likely actor behind the Kelp DAO exploit that drained 116,500 rsETH worth about $292 million.  Summary LayerZero said Lazarus likely led the Kelp DAO exploit that drained 116,500 rsETH worth $292 million. LayerZero blamed Kelp DAO’s single-DVN setup, saying no backup verifier blocked the forged cross-chain message. The exploit triggered over $10 billion in Aave outflows and a wider DeFi TVL drop. The company said early indicators point to a “highly-sophisticated state actor” and named “DPRK’s Lazarus Group, more specifically TraderTraitor” in its latest statement. The attack took place on April 18 and quickly became the largest DeFi exploit reported this year. LayerZero said the attacker targeted the system used to verify cross-chain messages, which allowed a false message to pass through and unlock tokens on the bridge. You might also like: EasyDns admits to security failure following eth.limo domain hijack Attack centered on node access and message forgery LayerZero said the attacker got access to the list of RPC nodes used by LayerZero Labs’ decentralized verified network, or DVN. According to the company, the attacker then poisoned two of those nodes so they delivered a fake cross-chain message to the verifier network. At the same time, the attacker launched a DDoS attack against clean nodes, which pushed the DVN to rely on the poisoned nodes. LayerZero said this combination allowed the forged message to move through the system and trigger the token unlock that led to the loss. In addition, LayerZero said the damage became possible because Kelp DAO used a single 1-of-1 DVN setup with no backup verifier. The company said this created a single point of failure, leaving no independent check to reject the fake message before the bridge released funds. In its statement, LayerZero said “operating a single

LayerZero said North Korea’s Lazarus Group is the

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edge soared to 1.3742 USDT, a new high with a 24-hour increase of -3.66%. It currently trades at 1.3018 USDT on HTX.

cfg currently trades at 0.2669 USDT, up 13.91% in 24h, according to HTX market data.

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