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cfg Surges 13.91% in 24H, Currently at 0.2669 USDT

【cfg currently trades at 0.2669 USDT, up 13.91% in 24h, according to HTX market data.】cfg Surges 13.91% in 24H, Currently at 0.2669 USDT

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

edge Hits New High of 1.3018 USDT, Up -3.66% in 24H

【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.】edge Hits New High of 1.3018 USDT, Up -3.66% in 24H

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 Hits New High of 0.2669 USDT, Up 13.91% in 24H

【cfg soared to 0.2802 USDT, a new high with a 24-hour increase of 13.91%. It currently trades at 0.2669 USDT on HTX.】cfg Hits New High of 0.2669 USDT, Up 13.91% in 24H

cfg soared to 0.2802 USDT, a new high with a 24-hour increase of 13.91%. It currently trades at 0.2669 USDT on HTX.

On April 19, Alcoa Corporation is set to finalize a deal with Bitcoin mining company NYDIG to sell its idle Massena East aluminum smelter located in New York State, with completion expected by mid-year. The facility has been inactive since 2014 and includes supporting infrastructure such as a substation, transmission lines, and high-capacity grid access. It can utilize hydroelectric resources provided by the New York Power Authority, making it attractive to Bitcoin mining and data center operators. Reports indicate that some retired industrial sites in the U.S. are being repurposed for Bitcoin mining, artificial intelligence, and high-performance computing facilities.

[Alcoa Plans to Sell Idle Aluminum Smelter to NYDIG for Bitcoin Mining Infrastructure]On April 19, Alcoa Corporation is set to finalize a deal with Bitcoin mining company NYDIG to sell its idle Massena East aluminum smelter located in New York State, with completion expected by mid-year. The facility has been inactive since 2014 and includes supporting infrastructure such as a substation, transmission lines, and high-capacity grid access. It can utilize hydroelectric resources provided by the New York Power Authority, making it attractive to Bitcoin mining and data center operators. Reports indicate that some retired industrial sites in the U.S. are being repurposed for Bitcoin mining, artificial intelligence, and high-performance computing facilities.

Alcoa Plans to Sell Idle Aluminum Smelter to NYDIG for Bitcoin Mining Infrastructure

On April 19, Christian, the founder of Infini, confirmed his attendance at the offline event titled 'Decoding Web 4.0: When AI Agents Take Over On-Chain Permissions', co-hosted by Rhythm BlockBeats, Beating, and Zhihu. The event will take place on April 21, 2026, at 13:30 in Hong Kong. Christian is a new generation entrepreneur in the crypto space, having officially founded Infini in 2024. He aims to create an AI-driven stablecoin financial operating system (Financial OS) that provides global businesses with services such as payment collection, corporate card issuance, payment processing, fund management, and intelligent financial services, helping founders and entrepreneurial teams achieve automated and efficient operations. In the product iteration process, he shifted from a B2C to a B2B focus, emphasizing trust, compliance, and long-term value, while continuously promoting the innovative application of stablecoins and the Agent economy in cross-border finance. As AI Agents evolve from 'tools' to 'on-chain actors', autonomous decision-making, automated transaction execution, and asset management are becoming a reality. This event will bring together developers, investors, and community builders to explore the opportunities and boundaries of the 'Agent Economy'. Registration link: https://luma.com/r3h4eqkv (or click the original link to participate).

[Infini Founder Christian Confirms Attendance at 'Web 4.0 + AI' Event in Hong Kong]On April 19, Christian, the founder of Infini, confirmed his attendance at the offline event titled 'Decoding Web 4.0: When AI Agents Take Over On-Chain Permissions', co-hosted by Rhythm BlockBeats, Beating, and Zhihu. The event will take place on April 21, 2026, at 13:30 in Hong Kong. Christian is a new generation entrepreneur in the crypto space, having officially founded Infini in 2024. He aims to create an AI-driven stablecoin financial operating system (Financial OS) that provides global businesses with services such as payment collection, corporate card issuance, payment processing, fund management, and intelligent financial services, helping founders and entrepreneurial teams achieve automated and efficient operations. In the product iteration process, he shifted from a B2C to a B2B focus, emphasizing trust, compliance, and long-term value, while continuously promoting the innovative application of stablecoins and the Agent economy in cross-border finance. As AI Agents evolve from 'tools' to 'on-chain actors', autonomous decision-making, automated transaction execution, and asset management are becoming a reality. This event will bring together developers, investors, and community builders to explore the opportunities and boundaries of the 'Agent Economy'. Registration link: https://luma.com/r3h4eqkv (or click the original link to participate).

Infini Founder Christian Confirms Attendance at 'Web 4.0 + AI' Event in Hong Kong

On April 19, etherFi announced on the X platform that its Liquid treasury is temporarily not directly exposed to the Kelp rsETH event risk. However, as a precautionary measure, it has suspended the LayerZero cross-chain bridging functionality for weETH and eETH until the root cause of the Kelp rsETH event is clarified. Additionally, Teller contracts related to Liquid (ETH, BTC, USD), sETHFI, and eBTC products have been paused to block the LayerZero OFT bridging path, and the deposit and withdrawal functions for these assets have also been suspended. etherFi is currently working closely with security partners and will provide timely updates as more details are confirmed.

[etherFi Suspends LayerZero Bridging and Freezes Multiple Asset Withdrawals, No Direct Exposure to rsETH Risk]On April 19, etherFi announced on the X platform that its Liquid treasury is temporarily not directly exposed to the Kelp rsETH event risk. However, as a precautionary measure, it has suspended the LayerZero cross-chain bridging functionality for weETH and eETH until the root cause of the Kelp rsETH event is clarified. Additionally, Teller contracts related to Liquid (ETH, BTC, USD), sETHFI, and eBTC products have been paused to block the LayerZero OFT bridging path, and the deposit and withdrawal functions for these assets have also been suspended. etherFi is currently working closely with security partners and will provide timely updates as more details are confirmed.

etherFi Suspends LayerZero Bridging and Freezes Multiple Asset Withdrawals, No Direct Exposure to rsETH Risk

On April 19, MGBX will launch the $Overnight Wealth joint event from April 20 to April 26, 2026 (SGT), open to users who have completed registration and KYC. During the event, new users who complete registration, trading, and invitation tasks will receive $Overnight Wealth token rewards, with a maximum of 500 tokens per individual and a total prize pool of 200,000 tokens. Additionally, the platform will introduce contract trading incentives, allowing users participating in contract trading to earn up to 50 USDT in experience rewards.

[MGBX to Launch $Overnight Wealth Token Joint Event for Registered and KYC Users]On April 19, MGBX will launch the $Overnight Wealth joint event from April 20 to April 26, 2026 (SGT), open to users who have completed registration and KYC. During the event, new users who complete registration, trading, and invitation tasks will receive $Overnight Wealth token rewards, with a maximum of 500 tokens per individual and a total prize pool of 200,000 tokens. Additionally, the platform will introduce contract trading incentives, allowing users participating in contract trading to earn up to 50 USDT in experience rewards.

MGBX to Launch $Overnight Wealth Token Joint Event for Registered and KYC Users

On April 19, Hyperwave, a DeFi project within the Hyperliquid ecosystem, announced that it is actively monitoring the Kelp rsETH incident and is closely collaborating with security partners to ensure that Hyperwave assets are protected from any potential impact. As a precautionary measure, all LayerZero bridging for Hyperwave assets has been temporarily suspended.

[Hyperwave: Suspends LayerZero Bridging for All Protocol Assets]On April 19, Hyperwave, a DeFi project within the Hyperliquid ecosystem, announced that it is actively monitoring the Kelp rsETH incident and is closely collaborating with security partners to ensure that Hyperwave assets are protected from any potential impact. As a precautionary measure, all LayerZero bridging for Hyperwave assets has been temporarily suspended.

Hyperwave: Suspends LayerZero Bridging for All Protocol Assets

On April 19, Spark's Strategic Director monetsupply.eth posted on platform X that as the stablecoin market begins to lack liquidity, the situation is entering a more dangerous phase. I believe that approximately 16.5% of the ETH market is supported by rsETH, and if the loans backed by rsETH incur losses distributed across the mainnet and external chains, there may be a 10% to 15% reduction in emode, leaving 2% to 3% reduction for ETH suppliers to smooth out the umbrella structure. ETH suppliers naturally tend to exit as quickly as possible to avoid this risk, thus utilization is locked at 100%, and borrowing rates are insufficient to incentivize the repayment of unrelated LST cycles (wstETH, weETH) to release liquidity. Due to the inability to withdraw ETH, users who borrow stablecoins like USDT and use ETH as collateral cannot close their positions even when stablecoin borrowing rates rise, which cuts off the typical incentive mechanisms that maintain market health. Currently, there are two unhealthy incentives leading to market utilization being locked at 100%: 1) ETH holders cannot close their positions to maintain a healthy LTV, and liquidators cannot atomically withdraw or sell collateral, which could lead to bad debts if ETHUSD prices fall. 2) Users supplying USDT to exit their holdings tend to maximize borrowing of other stablecoins, as this position is currently generating positive returns (temporarily), making the exit cost low; if conditions worsen, they can at least recover 75% of the position value. The bottom line is that these pooled/re-staked lending markets must maintain liquidity at all costs to operate normally. The recent weakening of slope2 against Aave's maximum borrowing rates is having a negative impact and significantly increasing the risk of cascading market failures.

[Spark Strategic Director: ETH Market Faces Liquidity Risks Due to Potential 10% to 15% Reduction from rsETH Loans]On April 19, Spark's Strategic Director monetsupply.eth posted on platform X that as the stablecoin market begins to lack liquidity, the situation is entering a more dangerous phase. I believe that approximately 16.5% of the ETH market is supported by rsETH, and if the loans backed by rsETH incur losses distributed across the mainnet and external chains, there may be a 10% to 15% reduction in emode, leaving 2% to 3% reduction for ETH suppliers to smooth out the umbrella structure. ETH suppliers naturally tend to exit as quickly as possible to avoid this risk, thus utilization is locked at 100%, and borrowing rates are insufficient to incentivize the repayment of unrelated LST cycles (wstETH, weETH) to release liquidity. Due to the inability to withdraw ETH, users who borrow stablecoins like USDT and use ETH as collateral cannot close their positions even when stablecoin borrowing rates rise, which cuts off the typical incentive mechanisms that maintain market health. Currently, there are two unhealthy incentives leading to market utilization being locked at 100%: 1) ETH holders cannot close their positions to maintain a healthy LTV, and liquidators cannot atomically withdraw or sell collateral, which could lead to bad debts if ETHUSD prices fall. 2) Users supplying USDT to exit their holdings tend to maximize borrowing of other stablecoins, as this position is currently generating positive returns (temporarily), making the exit cost low; if conditions worsen, they can at least recover 75% of the position value. The bottom line is that these pooled/re-staked lending markets must maintain liquidity at all costs to operate normally. The recent weakening of slope2 against Aave's maximum borrowing rates is having a negative impact and significantly increasing the risk of cascading market failures.

Spark Strategic Director: ETH Market Faces Liquidity Risks Due to Potential 10% to 15% Reduction from rsETH Loans

Jack Dorsey, the former CEO of Twitter and current CEO of Block, has led a $6 million seed funding round for Azteco, a Bitcoin payments company.

[Jack Dorsey Leads $6 Million Seed Funding Round for Bitcoin Payments Firm Azteco, Focused on Financial Inclusion for the Unbanked]Jack Dorsey, the former CEO of Twitter and current CEO of Block, has led a $6 million seed funding round for Azteco, a Bitcoin payments company.

Jack Dorsey Leads $6 Million Seed Funding Round for Bitcoin Payments Firm Azteco, Focused on Financial Inclusion for the Unbanked

Bitwise Submits Second Amended Hyperliquid ETF Filing — Launch Imminent?

When AI's Bottleneck Is No Longer the Model: Perseus Yang's Open Source Ecosystem Building Practices and Reflections

Thin Harness, Fat Skills: The True Source of 100x AI Productivity

Bitcoin Pulls Back To $71,000 As Profit-Takers Strike Again

Bitcoin Created By The CIA? Chinese Professor Jiang Xueqin Makes Bold Claim

BIT Research: Five Signals Flash Simultaneously, Has the Bitcoin Bear Market Ended?

Nic Carter Says Bitcoin Has 3 Ways To Handle Satoshi’s Coins

Analyst Exposes Bitcoin Market Maker Buy Strategy, Shows What Happens When Accumulation Ends

Conversation with Bitwise Advisor: From K-Shaped Economy to AI Taking Jobs, How Can Bitcoin Save the Younger Generation?

Analyst Reveals The Chances Of Bitcoin Price Crashing Again

Article

edge soared to 1.4335 USDT, a new high with a 24-hour increase of 5.48%. It currently trades at 1.3543 USDT on HTX.

Jack Dorsey Leads $6 Million Seed Funding Round for Bitcoin Payments Firm Azteco, Focused on Financial Inclusion for the Unbanked

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