21Shares Updates Crypto Reference Prices for Four Key ETPs
21Shares, a crypto ETP issuer, announced it will appoint FTSE International Limited as an additional index administrator for four Bitcoin and Ethereum ETPs listed on the London Stock Exchange.
Effective March 26, 2026, these products (including ABTC, AETH, CBTC, ETHC) will transition from CCIX to the FTSE Bitcoin Index and FTSE Ethereum Index (1HR 1700 CET) for their reference prices.
This move aims to enhance pricing robustness and standardization, aligning with FTSE Russell's institutional benchmarks. It seeks to boost transparency and investor confidence amid growing digital asset interest. Other product details remain unchanged.
21Shares, a crypto ETP issuer, announced it will appoint FTSE International Limited as an additional index administrator for four Bitcoin and Ethereum ETPs listed on the London Stock Exchange.
Effective March 26, 2026, these products (including ABTC, AETH, CBTC, ETHC) will transition from CCIX to the FTSE Bitcoin Index and FTSE Ethereum Index (1HR 1700 CET) for their reference prices.
This move aims to enhance pricing robustness and standardization, aligning with FTSE Russell's institutional benchmarks. It seeks to boost transparency and investor confidence amid growing digital asset interest. Other product details remain unchanged.
Citi Takes Profit on Forint Trade, Maintains Optimistic Outlook
Citigroup strategists are taking profit on a long position in the Hungarian forint versus the Czech koruna, executed through forwards. The trade yielded a 1.3% return since April 27.
Despite this, Citi maintains a positive outlook on the forint, particularly if international energy prices remain subdued. They suggest EUR/HUF could break below 350 under favorable conditions. Citi also took profits on a 2-year, 2-year forward forint receiver against the euro equivalent.
A further rally in forint assets is anticipated should the incoming Tisza government successfully regain access to EU funds by the August deadline.
Citigroup strategists are taking profit on a long position in the Hungarian forint versus the Czech koruna, executed through forwards. The trade yielded a 1.3% return since April 27.
Despite this, Citi maintains a positive outlook on the forint, particularly if international energy prices remain subdued. They suggest EUR/HUF could break below 350 under favorable conditions. Citi also took profits on a 2-year, 2-year forward forint receiver against the euro equivalent.
A further rally in forint assets is anticipated should the incoming Tisza government successfully regain access to EU funds by the August deadline.
Bitcoin Eyes $80,000 Target in March
A technical analyst suggests Bitcoin could reach $80,000 this month. BTC surpassed $71,000 on March 4, breaking out of a symmetrical triangle with significant volume. This pattern projects a target of $80,000, where the 100-day EMA also converges.
Further supporting this, an unfilled CME futures gap from early February sits between $79,660 and $81,210. Historically, most such gaps are eventually closed, making this a key target zone.
Market sentiment on Polymarket has also turned bullish. The probability of BTC hitting $80,000 in March jumped from 20% to 39% overnight, while bets on price declines decreased. Immediate resistance is at $74,400 (50-day EMA); failure to hold could lead to a correction towards $68,700 (20-day EMA).
A technical analyst suggests Bitcoin could reach $80,000 this month. BTC surpassed $71,000 on March 4, breaking out of a symmetrical triangle with significant volume. This pattern projects a target of $80,000, where the 100-day EMA also converges.
Further supporting this, an unfilled CME futures gap from early February sits between $79,660 and $81,210. Historically, most such gaps are eventually closed, making this a key target zone.
Market sentiment on Polymarket has also turned bullish. The probability of BTC hitting $80,000 in March jumped from 20% to 39% overnight, while bets on price declines decreased. Immediate resistance is at $74,400 (50-day EMA); failure to hold could lead to a correction towards $68,700 (20-day EMA).
Bhutan Continues Bitcoin Sell-Off with $37M Transfer to Binance
Bhutan's sovereign wealth fund, Druk Holding and Investments, has offloaded another 519.7 BTC, worth around $36.75 million, to Binance. This move extends a consistent pattern of outflows, reducing their Bitcoin stack from a peak of over 13,000 BTC to just 4,453 BTC, a two-thirds reduction.
Such transfers to exchanges typically signal an immediate intent to sell or collateralize assets, indicating a "liquidity event." Since Bhutan's BTC was generated via mining with effectively zero cost, these sales are pure profit realization, likely funding domestic initiatives such as the Gelephu Mindfulness City.
Bhutan has shifted from a net accumulator to a disciplined seller, monetizing its digital surplus. Despite this persistent sell pressure from a "known sell-side vector," the market continues to absorb the supply, showcasing Bitcoin's resilience. This is an organized unwind, with the treasury liquidating into strength.
Bhutan's sovereign wealth fund, Druk Holding and Investments, has offloaded another 519.7 BTC, worth around $36.75 million, to Binance. This move extends a consistent pattern of outflows, reducing their Bitcoin stack from a peak of over 13,000 BTC to just 4,453 BTC, a two-thirds reduction.
Such transfers to exchanges typically signal an immediate intent to sell or collateralize assets, indicating a "liquidity event." Since Bhutan's BTC was generated via mining with effectively zero cost, these sales are pure profit realization, likely funding domestic initiatives such as the Gelephu Mindfulness City.
Bhutan has shifted from a net accumulator to a disciplined seller, monetizing its digital surplus. Despite this persistent sell pressure from a "known sell-side vector," the market continues to absorb the supply, showcasing Bitcoin's resilience. This is an organized unwind, with the treasury liquidating into strength.
Bhutan Continues Bitcoin Sell-Off with $37M Transfer to Binance
Bhutan's sovereign wealth fund, Druk Holding and Investments, has offloaded another 519.7 BTC, worth around $36.75 million, to Binance. This move extends a consistent pattern of outflows, reducing their Bitcoin stack from a peak of over 13,000 BTC to just 4,453 BTC, a two-thirds reduction.
Such transfers to exchanges typically signal an immediate intent to sell or collateralize assets, indicating a "liquidity event." Since Bhutan's BTC was generated via mining with effectively zero cost, these sales are pure profit realization, likely funding domestic initiatives such as the Gelephu Mindfulness City.
Bhutan has shifted from a net accumulator to a disciplined seller, monetizing its digital surplus. Despite this persistent sell pressure from a "known sell-side vector," the market continues to absorb the supply, showcasing Bitcoin's resilience. This is an organized unwind, with the treasury liquidating into strength.
Bhutan's sovereign wealth fund, Druk Holding and Investments, has offloaded another 519.7 BTC, worth around $36.75 million, to Binance. This move extends a consistent pattern of outflows, reducing their Bitcoin stack from a peak of over 13,000 BTC to just 4,453 BTC, a two-thirds reduction.
Such transfers to exchanges typically signal an immediate intent to sell or collateralize assets, indicating a "liquidity event." Since Bhutan's BTC was generated via mining with effectively zero cost, these sales are pure profit realization, likely funding domestic initiatives such as the Gelephu Mindfulness City.
Bhutan has shifted from a net accumulator to a disciplined seller, monetizing its digital surplus. Despite this persistent sell pressure from a "known sell-side vector," the market continues to absorb the supply, showcasing Bitcoin's resilience. This is an organized unwind, with the treasury liquidating into strength.
Ocampo Trusts Sell $79.9M MACOM Shares Amid Highs & Overvaluation Warnings
Ocampo Family Trusts, a major shareholder in MACOM Technology Solutions (MTSI), divested 315,902 shares worth $79.9 million on February 24-25, 2026. The transactions occurred while MTSI stock hovered near its 52-week high, boasting a 113% return over the past year.
Notably, 174,465 shares were also gifted. InvestingPro analysis indicates MTSI is "overvalued" and on its "Most Overvalued" list. This comes despite MACOM reporting strong Q1 FY2026 results, exceeding revenue and EPS expectations. Analysts like Benchmark and Stifel subsequently raised price targets, maintaining "Buy" ratings due to strong growth and backlog.
However, the stock experienced a pre-market decline following the earnings report. The trusts still hold millions of shares directly and indirectly.
Ocampo Family Trusts, a major shareholder in MACOM Technology Solutions (MTSI), divested 315,902 shares worth $79.9 million on February 24-25, 2026. The transactions occurred while MTSI stock hovered near its 52-week high, boasting a 113% return over the past year.
Notably, 174,465 shares were also gifted. InvestingPro analysis indicates MTSI is "overvalued" and on its "Most Overvalued" list. This comes despite MACOM reporting strong Q1 FY2026 results, exceeding revenue and EPS expectations. Analysts like Benchmark and Stifel subsequently raised price targets, maintaining "Buy" ratings due to strong growth and backlog.
However, the stock experienced a pre-market decline following the earnings report. The trusts still hold millions of shares directly and indirectly.
Anthropic Accuses Chinese AI Labs of "Theft"
Anthropic claims three Chinese startups — DeepSeek, Moonshot, MiniMax — illicitly used Claude over 16M times via 24K fraudulent accounts. They allegedly employed "distillation" to rapidly improve their own models by extracting Claude's unique capabilities in agentic reasoning, tool use, and programming.
Anthropic warns this "theft" poses national security risks. Illegally distilled models lack safety mechanisms, potentially enabling foreign powers to integrate unprotected AI into military/surveillance systems for cyberattacks or disinformation. The company urges swift industry, regulatory, and global action, supporting export controls and enhancing its own countermeasures.
Separately, Anthropic CEO Dario Amodei will meet Pentagon officials amid disagreements. Anthropic opposes AI for mass surveillance and autonomous weapons; the Pentagon seeks unrestricted use.
Anthropic claims three Chinese startups — DeepSeek, Moonshot, MiniMax — illicitly used Claude over 16M times via 24K fraudulent accounts. They allegedly employed "distillation" to rapidly improve their own models by extracting Claude's unique capabilities in agentic reasoning, tool use, and programming.
Anthropic warns this "theft" poses national security risks. Illegally distilled models lack safety mechanisms, potentially enabling foreign powers to integrate unprotected AI into military/surveillance systems for cyberattacks or disinformation. The company urges swift industry, regulatory, and global action, supporting export controls and enhancing its own countermeasures.
Separately, Anthropic CEO Dario Amodei will meet Pentagon officials amid disagreements. Anthropic opposes AI for mass surveillance and autonomous weapons; the Pentagon seeks unrestricted use.
Hoskinson: Bitcoin's Quantum Fix Fails to Save Satoshi's BTC
Cardano founder Charles Hoskinson critiques Bitcoin's proposed quantum defense (BIP-361), calling it technically mislabeled. He argues the "soft fork" is actually a hard fork, invalidating existing signatures and sparking significant political fallout within the BTC community.
The deeper issue lies in the recovery mechanism. Hoskinson claims BIP-361's zero-knowledge proof, tied to BIP-39 seed phrases, cannot recover ~1.7 million BTC, including Satoshi's estimated 1 million coins. These older wallets predate BIP-39, making them "structurally unrecoverable" under the current plan.
Despite these technical concerns, Hoskinson remains bullish on BTC's price, predicting $250,000 by mid-2026. He cites institutional inflows and user growth. However, the quantum debate could introduce short-term volatility.
Cardano founder Charles Hoskinson critiques Bitcoin's proposed quantum defense (BIP-361), calling it technically mislabeled. He argues the "soft fork" is actually a hard fork, invalidating existing signatures and sparking significant political fallout within the BTC community.
The deeper issue lies in the recovery mechanism. Hoskinson claims BIP-361's zero-knowledge proof, tied to BIP-39 seed phrases, cannot recover ~1.7 million BTC, including Satoshi's estimated 1 million coins. These older wallets predate BIP-39, making them "structurally unrecoverable" under the current plan.
Despite these technical concerns, Hoskinson remains bullish on BTC's price, predicting $250,000 by mid-2026. He cites institutional inflows and user growth. However, the quantum debate could introduce short-term volatility.
US Futures Boost June Fed Cut Odds on Cooler Inflation
US interest rate futures now show nearly 70% chance of a Federal Reserve rate cut by June, previously 64%. This follows January's softer-than-expected inflation report.
January's Consumer Price Index (CPI) rose 0.2%, below the 0.3% forecast. Core CPI, excluding volatile items, increased 0.3%.
Despite rising odds for June, the Fed is still expected to hold rates steady in March. Implied central bank easing also increased to 64 basis points post-data.
Analysts suggest controlled inflation could shift focus to the labor market for future rate decisions, potentially leading to cautious cuts later this year.
US interest rate futures now show nearly 70% chance of a Federal Reserve rate cut by June, previously 64%. This follows January's softer-than-expected inflation report.
January's Consumer Price Index (CPI) rose 0.2%, below the 0.3% forecast. Core CPI, excluding volatile items, increased 0.3%.
Despite rising odds for June, the Fed is still expected to hold rates steady in March. Implied central bank easing also increased to 64 basis points post-data.
Analysts suggest controlled inflation could shift focus to the labor market for future rate decisions, potentially leading to cautious cuts later this year.
Ether.fi Pledges $3 Billion in Assets to ETHGas
Liquid restaking protocol Ether.fi will provide $3 billion in assets to the ETHGas project over three years. ETHGas founder Kevin Lepsoe clarified this is __not__ a direct investment, but Ether.fi will utilize a portion of its substantial pool (over 2.8M ETH) as "validator liquidity."
ETHGas functions as a marketplace for Ethereum blockspace futures. This collaboration aims to significantly enhance market liquidity, benefiting all network participants.
Ether.fi validators will earn increased returns, capturing more MEV by supporting real-time blocks. Blockspace buyers (traders, institutions) will secure guaranteed transaction execution and avoid gas fee spikes by paying in advance. This enables developers to build apps with "predictable" transaction costs, similar to utility bills.
Liquid restaking protocol Ether.fi will provide $3 billion in assets to the ETHGas project over three years. ETHGas founder Kevin Lepsoe clarified this is __not__ a direct investment, but Ether.fi will utilize a portion of its substantial pool (over 2.8M ETH) as "validator liquidity."
ETHGas functions as a marketplace for Ethereum blockspace futures. This collaboration aims to significantly enhance market liquidity, benefiting all network participants.
Ether.fi validators will earn increased returns, capturing more MEV by supporting real-time blocks. Blockspace buyers (traders, institutions) will secure guaranteed transaction execution and avoid gas fee spikes by paying in advance. This enables developers to build apps with "predictable" transaction costs, similar to utility bills.
Cardano Nears Inflection Point Amidst Heavy Suppression
Cardano (ADA) trades near $0.25-$0.27, down over 20% since January. While the chart appears grim, data suggests a mathematical inflection point is approaching for the asset.
Santiment analytics reveal active wallets are at a staggering -43% return (MVRV), an "opportunity zone" historically preceding trend reversals. Simultaneously, Binance funding rates show the highest concentration of short positions since mid-2023, hinting at a potential short squeeze.
Technically, $0.25 is critical support. Defending this could trigger a move to $0.30 and then $0.33. However, sustained trading below $0.24 would confirm further weakness. The risk-to-reward for a long entry is high, but ADA remains a slow trade.
Some active traders are diversifying into emerging narratives, like the __Maxi Doge ($MAXI)__ presale, which has already raised over $4.7 million. This new project offers 66% APY and targets the leverage trading community.
Cardano (ADA) trades near $0.25-$0.27, down over 20% since January. While the chart appears grim, data suggests a mathematical inflection point is approaching for the asset.
Santiment analytics reveal active wallets are at a staggering -43% return (MVRV), an "opportunity zone" historically preceding trend reversals. Simultaneously, Binance funding rates show the highest concentration of short positions since mid-2023, hinting at a potential short squeeze.
Technically, $0.25 is critical support. Defending this could trigger a move to $0.30 and then $0.33. However, sustained trading below $0.24 would confirm further weakness. The risk-to-reward for a long entry is high, but ADA remains a slow trade.
Some active traders are diversifying into emerging narratives, like the __Maxi Doge ($MAXI)__ presale, which has already raised over $4.7 million. This new project offers 66% APY and targets the leverage trading community.
Trump Suggests Iranian Uprising Post-Ceasefire
U.S. President Donald Trump suggested Iranians should rise against their government if a ceasefire is declared. Speaking at a White House news conference, he recognized the extreme danger, stating protestors face immediate shooting. However, Trump believes Iranians would endure such severe consequences for freedom.
U.S. President Donald Trump suggested Iranians should rise against their government if a ceasefire is declared. Speaking at a White House news conference, he recognized the extreme danger, stating protestors face immediate shooting. However, Trump believes Iranians would endure such severe consequences for freedom.
Binance Lowers VIP Tiers & Launches 'Rising Star' Status
Binance updated its VIP program on March 18, enhancing accessibility to exclusive benefits. Requirements for VIP 1-3 significantly reduced for BNB holdings and futures trading volumes.
For VIP 1, BNB balance is now 5 (from 25) and futures volume $5M (from $15M). VIP 2 sees 25 BNB (from 100) and $10M futures volume (from $50M). __However__, taker/maker fees for VIP 1 & 2 __slightly increased__. Holder asset thresholds also reduced (e.g., VIP 1 from $500K to $100K), with qualification now extending up to VIP 9.
A new "VIP Rising Star" status emerged for users not yet meeting main VIP criteria. A 30-day average balance of $30,000 (incl. 5 BNB) grants personal support & event invites.
Core benefits include reduced fees (up to 80% spot), dedicated managers, priority support, and enhanced withdrawal limits.
Binance updated its VIP program on March 18, enhancing accessibility to exclusive benefits. Requirements for VIP 1-3 significantly reduced for BNB holdings and futures trading volumes.
For VIP 1, BNB balance is now 5 (from 25) and futures volume $5M (from $15M). VIP 2 sees 25 BNB (from 100) and $10M futures volume (from $50M). __However__, taker/maker fees for VIP 1 & 2 __slightly increased__. Holder asset thresholds also reduced (e.g., VIP 1 from $500K to $100K), with qualification now extending up to VIP 9.
A new "VIP Rising Star" status emerged for users not yet meeting main VIP criteria. A 30-day average balance of $30,000 (incl. 5 BNB) grants personal support & event invites.
Core benefits include reduced fees (up to 80% spot), dedicated managers, priority support, and enhanced withdrawal limits.
SHIB Super-Whale Dumps $4.9M, Holding 99 Trillion Tokens
A Shiba Inu whale, who famously turned $13,760 into over $660 million, has offloaded 800 billion SHIB tokens worth $4.9 million. This move raises questions as the wallet still controls a massive 99.27 trillion SHIB.
SHIB currently trades around $0.00000659. The market watches the crucial $0.0000060 support level. A break could see prices fall to $0.0000048, while holding it suggests absorption of the whale's sale.
Amidst SHIB's sideways grind, some eyes are turning to new meme coins. __Maxi Doge ($MAXI)__, for instance, is gaining traction, having raised over $4.7 million in its presale and offering 65% APY staking, positioning itself as a potential "next Doge-inspired frontrunner" for this cycle.
A Shiba Inu whale, who famously turned $13,760 into over $660 million, has offloaded 800 billion SHIB tokens worth $4.9 million. This move raises questions as the wallet still controls a massive 99.27 trillion SHIB.
SHIB currently trades around $0.00000659. The market watches the crucial $0.0000060 support level. A break could see prices fall to $0.0000048, while holding it suggests absorption of the whale's sale.
Amidst SHIB's sideways grind, some eyes are turning to new meme coins. __Maxi Doge ($MAXI)__, for instance, is gaining traction, having raised over $4.7 million in its presale and offering 65% APY staking, positioning itself as a potential "next Doge-inspired frontrunner" for this cycle.
Trump Calls NATO's Iran Stance a "Very Foolish Mistake"
President Trump criticized NATO for its reluctance to assist the U.S. in unblocking the strategic Strait of Hormuz, a crucial chokepoint for global oil shipments. He labeled their inaction "a very foolish mistake."
Despite the alliance's stance, Trump asserted the U.S. does not require help escorting ships. He also highlighted "great support" from regional allies Qatar, UAE, Saudi Arabia, and Bahrain on the Iran issue.
President Trump criticized NATO for its reluctance to assist the U.S. in unblocking the strategic Strait of Hormuz, a crucial chokepoint for global oil shipments. He labeled their inaction "a very foolish mistake."
Despite the alliance's stance, Trump asserted the U.S. does not require help escorting ships. He also highlighted "great support" from regional allies Qatar, UAE, Saudi Arabia, and Bahrain on the Iran issue.
Eth.limo Recovers Domain After easyDNS Hack; Vercel Also Breached
The Ethereum Name Service (ENS) gateway, eth.limo, has regained control of its domain following a sophisticated attack on its registrar, easyDNS. An attacker impersonated a team member to hijack the domain, changing NS records and potentially redirecting users to phishing sites. Ethereum co-founder Vitalik Buterin advised caution. Widespread impact was averted thanks to DNSSEC. Eth.limo reports no user damage and is migrating to a more secure platform to prevent recurrence.
Separately, cloud provider Vercel disclosed a breach where hackers accessed some client credentials. The incident stemmed from an employee's compromised AI tool, granting access to Vercel's internal systems. Clients are urged to update credentials.
This follows recent significant hacks on platforms like Drift Protocol ($280M) and Kelp ($293M).
The Ethereum Name Service (ENS) gateway, eth.limo, has regained control of its domain following a sophisticated attack on its registrar, easyDNS. An attacker impersonated a team member to hijack the domain, changing NS records and potentially redirecting users to phishing sites. Ethereum co-founder Vitalik Buterin advised caution. Widespread impact was averted thanks to DNSSEC. Eth.limo reports no user damage and is migrating to a more secure platform to prevent recurrence.
Separately, cloud provider Vercel disclosed a breach where hackers accessed some client credentials. The incident stemmed from an employee's compromised AI tool, granting access to Vercel's internal systems. Clients are urged to update credentials.
This follows recent significant hacks on platforms like Drift Protocol ($280M) and Kelp ($293M).
Oil at $116: Macro Shock Risks Bitcoin Deleveraging
Brent crude hit $116 a barrel, a 60% monthly surge driven by escalating US-Iran tensions and Houthi disruptions. This macro shock impacts Bitcoin through inflation re-acceleration, delayed Fed rate cuts, and a geopolitical risk premium draining leveraged long exposure across risk assets.
BTC has seen liquidations, with the Fear & Greed Index plunging to "Extreme Fear." The $63,000 level is critical; a breach could trigger systematic deleveraging from quant funds.
While Bitcoin's correlation with oil is typically low, it spikes during extreme disruptions like the current Strait of Hormuz supply shock.
Scenarios range from de-escalation, allowing BTC recovery, to a full Hormuz blockade, potentially sending BTC to $55k-$57k in a full risk-off liquidation. Sustained high oil prices delay Fed rate cuts, making BTC a rate-sensitive asset, not an inflation hedge. Watch the upcoming Fed meeting and Iran sanctions.
Brent crude hit $116 a barrel, a 60% monthly surge driven by escalating US-Iran tensions and Houthi disruptions. This macro shock impacts Bitcoin through inflation re-acceleration, delayed Fed rate cuts, and a geopolitical risk premium draining leveraged long exposure across risk assets.
BTC has seen liquidations, with the Fear & Greed Index plunging to "Extreme Fear." The $63,000 level is critical; a breach could trigger systematic deleveraging from quant funds.
While Bitcoin's correlation with oil is typically low, it spikes during extreme disruptions like the current Strait of Hormuz supply shock.
Scenarios range from de-escalation, allowing BTC recovery, to a full Hormuz blockade, potentially sending BTC to $55k-$57k in a full risk-off liquidation. Sustained high oil prices delay Fed rate cuts, making BTC a rate-sensitive asset, not an inflation hedge. Watch the upcoming Fed meeting and Iran sanctions.
Leading Brokers Boost Oil Forecasts Amid Iran Conflict
Three major brokerages have revised their oil price outlooks upwards. The Iran conflict, disrupting the Strait of Hormuz, is tightening global supply and pushing crude prices higher, signaling a "higher for longer" trajectory.
UBS now expects Brent at $90/bbl by June-end, easing to $85 by year-end 2026. They cite near-halted tanker traffic and limited spare capacity, noting OECD reserve releases offer only partial relief for potential 10M bpd losses. Refined products could even outpace crude.
Barclays lifted its 2026 Brent forecast to $84, anticipating prices to normalize at a higher level, closer to $80 long-term. Physical outages now dominate concerns, with an estimated 8M bpd Middle East production shut-in.
Three major brokerages have revised their oil price outlooks upwards. The Iran conflict, disrupting the Strait of Hormuz, is tightening global supply and pushing crude prices higher, signaling a "higher for longer" trajectory.
UBS now expects Brent at $90/bbl by June-end, easing to $85 by year-end 2026. They cite near-halted tanker traffic and limited spare capacity, noting OECD reserve releases offer only partial relief for potential 10M bpd losses. Refined products could even outpace crude.
Barclays lifted its 2026 Brent forecast to $84, anticipating prices to normalize at a higher level, closer to $80 long-term. Physical outages now dominate concerns, with an estimated 8M bpd Middle East production shut-in.
Kelp Hack Triggers Massive $15 Billion Aave Outflow
Following the Kelp hack, Aave users have withdrawn $15.1 billion in just 3.5 days. This dramatic outflow has slashed Aave's total deposits from $48.5 billion to $30.7 billion, representing a loss of over a third of its volume.
While lending platform Morpho also saw a $1.5 billion reduction in deposits, Spark unexpectedly gained $1.3 billion during the same period. Analysts suggest Spark absorbed funds from large investors and institutions fleeing Aave. For instance, one notable whale deposited 9500 wstETH into Spark, borrowed 9500 ETH ($22.68M), and used the proceeds to repay Aave loans after selling on Binance.
Following the Kelp hack, Aave users have withdrawn $15.1 billion in just 3.5 days. This dramatic outflow has slashed Aave's total deposits from $48.5 billion to $30.7 billion, representing a loss of over a third of its volume.
While lending platform Morpho also saw a $1.5 billion reduction in deposits, Spark unexpectedly gained $1.3 billion during the same period. Analysts suggest Spark absorbed funds from large investors and institutions fleeing Aave. For instance, one notable whale deposited 9500 wstETH into Spark, borrowed 9500 ETH ($22.68M), and used the proceeds to repay Aave loans after selling on Binance.
DeepSeek AI Forecasts Explosive Crypto Gains by 2026
China's DeepSeek AI projects significant price surges for XRP, Bitcoin, and Ethereum amidst market uncertainty, citing improving technicals and a clearer regulatory environment.
XRP is forecast for a nearly 6x rise to ~$8.00, propelled by Ripple's global payment strategy, XRPL efficiency, and potential institutional ETFs.
Bitcoin eyes $260,000, valued as digital gold and an inflation hedge, influenced by geopolitical factors and potential US strategic reserves.
Ethereum, the DeFi backbone, could hit $7,500 if it breaks $5,000, leveraging strong security, RWA tokenization, and regulatory clarity.
China's DeepSeek AI projects significant price surges for XRP, Bitcoin, and Ethereum amidst market uncertainty, citing improving technicals and a clearer regulatory environment.
XRP is forecast for a nearly 6x rise to ~$8.00, propelled by Ripple's global payment strategy, XRPL efficiency, and potential institutional ETFs.
Bitcoin eyes $260,000, valued as digital gold and an inflation hedge, influenced by geopolitical factors and potential US strategic reserves.
Ethereum, the DeFi backbone, could hit $7,500 if it breaks $5,000, leveraging strong security, RWA tokenization, and regulatory clarity.