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Browse all Altcoin related articles and news. The latest news, analysis, and insights on Altcoin.
Sharp Turnaround in Crypto Funds: BTC, ETH, XRP, and LINK Stand Out
Cryptocurrency investment products saw a strong rebound last week. According to CoinShares data, a total of $1.1 billion in inflows were recorded globally. This figure stands out as the strongest weekly performance seen since the beginning of the year.This market recovery was influenced by lower-than-expected inflation data in the US and a relative easing of geopolitical tensions. CoinShares Research Director James Butterfill states that the increase in risk appetite has redirected investors back to crypto assets.While only $224 million in inflows were seen the previous week, the recent data shows a significant increase. Despite this, trading volumes still remain below the year-to-date average. Although weekly volume increased by 13 percent to $21 billion, it is still below the average of $31 billion since the beginning of the year. On the other hand, total assets under management (AUM) have returned to their highest levels since the beginning of February. Bitcoin takes center stage again.The majority of capital inflows were concentrated in Bitcoin-focused products. Bitcoin funds, which recorded weekly inflows of $872 million, have brought their total inflows since the beginning of the year to approximately $2 billion. US-based spot ETF products appear to be particularly decisive in this picture. However, a cautious stance in the market has not completely disappeared. Short Bitcoin funds, or products based on open positions, had their strongest week since November 2024 with inflows of $20.2 million. In other words, investors are maintaining their hedging positions despite the rise. Mixed outlook in altcoinsEthereum experienced a remarkable recovery. Ethereum investment products saw weekly inflows of $196.5 million. However, it is still in net outflow territory for the year as a whole.Looking at other altcoins, the picture is more balanced and sometimes weaker. XRP funds recorded inflows of $19.3 million, while multi-asset products saw a limited increase of $3 million. In contrast, Solana funds saw a noticeable outflow of $2.5 million. Sui experienced outflows of approximately $2.4 million, while Litecoin saw a limited decline. In contrast, Chainlink attracted a small but positive inflow of $1.3 million. Multi-asset products and other categories continued to show low-volume but positive flows. US influence is significantWhen the regional distribution is examined, it is seen that capital inflows largely originated from the US. The US alone accounted for approximately 95% of total flows with $1.065 billion inflows. Thus, we see that a large part of institutional demand is still from the US.On the European side, there is a more limited but positive picture. Germany stands out with $34.6 million inflows, while Canada and Switzerland recorded inflows of $7.8 million and $6.9 million respectively. Inflows remained quite limited in other countries.
US-Iran Tensions Escalate: Bitcoin Pulls Back
The cryptocurrency market entered the weekend under geopolitical pressure. The failure of talks between the US and Iran, followed by military actions, created a cautious atmosphere among investors. As a result of these developments, major crypto assets, especially Bitcoin, saw a decline. The Strait of Hormuz decision triggered sell-offs in the marketThe talks on Sunday lasted approximately 21 hours, but the parties could not reach a common ground. The US side stated that Iran did not approach the conditions offered. Iranian media, on the other hand, wrote that the process was stalled due to US demands. The mutual statements weakened the possibility of an agreement in the short term.Following the talks, US President Donald Trump's order to impose a naval blockade on the Strait of Hormuz accelerated the sell-off in the market. The increase in tension in this region, which is critical for global energy flow, led to an exit from risky assets. The possibility of a wider tension in the Middle East was quickly reflected in pricing.Bitcoin fell by approximately 1.18 percent in the last 24 hours, dropping to $70,776 and approaching the $70,000 mark during the day. Ethereum fell 1.41% to trade around $2,183, while XRP dropped 0.52% to $1.32. Solana declined 0.62% to $81.8, while Dogecoin's loss was limited to 0.30%, stabilizing around $0.09. TRON also saw a slight decrease of 0.09%, remaining at $0.32. Cardano lost 0.88%, falling to $0.23. On the other hand, BNB rose 0.39% to over $597, while Hyperliquid (HYPE) increased 1.58% to $41.4. The sharp rise in oil prices has brought inflation expectations back into focus. Following developments around the Strait of Hormuz, Brent crude rose above $100. This supported the expectation that tight monetary policies may continue for a longer period in global markets. A similar picture was observed in traditional markets. Selling pressure dominated US stock markets at the beginning of the week. The S&P 500 and Dow Jones indices fell by approximately 1 percent, while losses were even higher on the Nasdaq. Investors' risk aversion became more pronounced. Despite this, a lasting sense of weakness has not yet emerged across the entire market. Institutional interest continues. Inflows into spot Bitcoin ETFs, in particular, remain noteworthy. Strong capital flows into these products were observed last week.In the coming days, the course of geopolitical developments will be decisive. Tensions between the US and Iran and volatility in energy markets will continue to shape the direction of the cryptocurrency market.
Polkadot-Linked Bridge Hack: 1 Billion DOT Tokens Minted
A security vulnerability in the crypto market has emerged, this time through the Hyperbridge infrastructure. A flaw in the system that enables asset transfers between Ethereum and other blockchains allowed an attacker to generate tokens with a theoretical value of billions of dollars. However, the profit obtained was far below expectations.1 billion DOT generatedIn the incident that occurred on Sunday, the attacker targeted the verification process in Hyperbridge's gateway contract on Ethereum. Thanks to this vulnerability, 1 billion bridged Polkadot (DOT) tokens were generated. Although this amount corresponds to a value of approximately $1.19 billion on paper, the amount the attacker received after the sale was only about $237,000. The attack targeted the bridge mechanism, not the Polkadot network itself. Therefore, Polkadot's mainnet and native DOT token were not affected. The problem arose in the verification phase of cross-chain messages. Normally, the validity of these messages is confirmed with strong cryptographic proofs. However, it was understood that the verification method used here could be bypassed in a specific scenario. Source: CoinDesk According to on-chain data, the attacker sent a forged message via the "dispatchIncoming" function in the system. This message was routed to the TokenGateway contract and processed without passing the necessary checks. Specifically, it was found that a zero-value record was kept in the "receipt" check, which should have verified the message's validity. This indicates that the verification process was either incomplete or completely disabled in a particular call path. With the acceptance of the forged message, the attacker gained administrator privileges in the relevant token contract. From this point, the process proceeded very quickly. 1 billion tokens were minted in a single transaction, and then these assets were released into the market through various transactions. Sales were primarily conducted in the DOT-ETH liquidity pool on Uniswap. As a result of sales in multiple transactions, a total of approximately 108 ETH was obtained.Token price declinedHowever, the most critical part of the attack emerged here. The extremely limited bridged DOT liquidity on Ethereum caused the sales to put severe pressure on the price. The market couldn't handle such a large supply, and the token price plummeted. As a result, the attacker earned a relatively small amount of money despite having the massive amount.Security experts point out that such vulnerabilities pose even greater risks, especially in bridge systems. Because bridges have high authority over token contracts on the target chain, even a single error in the verification mechanism can lead to unlimited token production. The main reason the damage was limited in this case was the lack of liquidity. In other words, a similar vulnerability in deeper markets or assets with higher trading volumes could cause much larger losses. There has been no official statement from Hyperbridge yet. Furthermore, it remains unclear whether other tokens using the same gateway infrastructure pose a similar risk.
PEPE Commentary and Price Analysis - April 12, 2026
PEPE/USDT Technical AnalysisPEPE has been trading within a falling wedge formation for a long time and is currently near the lower band of the structure, pricing close to the bottom region. These types of formations often signal that selling pressure is fading and a potential trend reversal may be preparing. Especially in recent weeks, the fact that selling has been absorbed near the lows shows that buyers are stepping in around this area.At the moment, price is trying to hold within the 0.0000032–0.0000035 range. This zone is the most critical short-term support area. For now, support is holding and price is showing mild recovery signals from the bottom. As long as the wedge structure remains intact, the possibility of an upside reaction stays on the table.On the upside, the first important level to watch is 0.0000038. This is the first short-term resistance. If price can hold above this level, it may recover first toward the 0.0000046–0.0000050 range. The real strong breakout would come once the upper trendline is broken. At that point, momentum in PEPE could accelerate and a broader recovery may begin.On the downside, falling below 0.0000032 becomes risky. If this support is lost, price may first move toward 0.0000028, and then test lower bottom zones. Overall, the structure is still weak, but compression near the lows continues. That is why the key issue for PEPE is whether the wedge’s lower support can hold. Falling Wedge Structure 0.0000032 is the main support levelAs long as this area holds, the chance of a rebound from the bottom remains0.0000038 is the first short-term resistance0.0000046–0.0000050 is the key recovery zoneBelow 0.0000032, the risk of new lows increasesThese analyses do not provide investment advice and focus on support and resistance levels that are considered to offer short- and medium-term trading opportunities depending on market conditions. However, responsibility for execution and risk management lies entirely with the user. In addition, the use of stop loss is strongly recommended.
ETC Commentary and Price Analysis - April 12, 2026
ETC/USDT Technical OutlookOn the ETC side, the main topic recently has been the approach of the final testing phase for the Olympia upgrade. This update aims to improve network stability and increase efficiency on the transaction side. The fact that the process is moving forward as planned with support from major clients stands out as a confidence-boosting detail on the technical side. In addition, ETC has started to gain attention again within the proof-of-work ecosystem after Ethereum. The sustainability of the recent price move will largely depend on how much this technical progress is reflected in market demand. Triangle Formation From a technical perspective, descending trend pressure continues from above, while the 8.00–8.10 dollar range is holding strongly as support. This zone has been tested several times in recent weeks, and buyers have stepped in each time. That shows the lower region is still solid.Currently, price is trading around 8.30, moving in the middle of the triangle. In other words, the market is at a decision point. There is neither strong selling pressure nor a confirmed breakout yet. In these types of areas, direction is usually determined by a clear reaction from either support or resistance.On the upside, the first important level is 8.43. If this level is broken, price can move back toward the upper band resistance at 8.75–8.90. The real breakout would be confirmed with closes above the descending trendline. In that scenario, 9.28 and 9.62 come back into focus.On the downside, the 8.10–8.00 range is critical. If this area is lost, the triangle would break downward, opening room first toward 7.85, and then 7.60. In short, ETC remains balanced for now, but as the squeeze tightens, the probability of a sharper move increases.8.00–8.10 dollars is the main support zone8.43 is the first short-term resistance8.75–8.90 is the upper band and key breakout zoneAbove this area, 9.28 and 9.62 become targetsBelow 8.00, selling pressure increasesThese analyses do not provide investment advice and focus on support and resistance levels that are considered to offer short- and medium-term trading opportunities depending on market conditions. However, responsibility for execution and risk management lies entirely with the user. In addition, the use of stop loss is strongly recommended.
TON Commentary and Price Analysis - April 11, 2026
TON/USDT Technical AnalysisOn the TON side, the key recent development has been the Catchain 2.0 upgrade, which significantly improved network performance. With this update, block production times have been reduced and transaction flow has become faster. TON also continues to expand its use cases through its strong connection with the Telegram ecosystem, especially in mini apps and payments. In other words, the project is supported not only by expectations but also by concrete infrastructure improvements. That is why the strength of buyer interest behind the recent price move should be monitored carefully. Falling Wedge Formation From a technical perspective, the long-standing falling wedge formation has reached its final stage. Price has been moving within this wedge for a while, and over the past two days, strong buying volume has pushed it back toward the upper trendline. This kind of move is often the final preparation phase before a breakout.Currently, price is trading in the 1.35–1.40 range, which is a direct decision zone. The upper trendline passes through this region and has already been tested multiple times, weakening resistance. Because of this, the probability of a breakout is stronger than in previous attempts.For confirmation, it is important to see price hold above this zone. Especially closes above 1.38–1.40 would completely change the structure and signal the end of the downtrend. In that case, the move would no longer be just a relief rally but could evolve into a new uptrend.On the upside, the first target is the 1.58 level. Beyond that, the 1.73–1.81 range becomes relevant, and in the broader picture, the 2 dollar and above area comes into play.On the downside, if a pullback happens before the breakout, the 1.26–1.28 range is the first support zone. Below that, 1.12 stands out as the main support. However, as long as the wedge structure remains intact, these pullbacks tend to act as buying opportunities.The 1.35–1.40 range is the key breakout zoneCloses above 1.38 can start a trend reversalFirst target is 1.58, followed by the 1.73–1.81 rangeMedium-term potential extends toward 2 dollars and above1.26–1.28 is first support, with 1.12 as the main supportThese analyses do not provide investment advice and focus on support and resistance levels that are considered to offer short- and medium-term trading opportunities depending on market conditions. However, responsibility for execution and risk management lies entirely with the user. In addition, the use of stop loss is strongly recommended.
SUI Commentary and Price Analysis - April 11, 2026
SUI Technical AnalysisOn the SUI side, the most notable recent developments have been CME preparing to launch SUI futures and the Sui Foundation’s strategic investment in Splyce Finance. The futures product is seen as an important step that could increase institutional access. The Splyce investment aims to strengthen Sui’s cross-chain connectivity and accelerate growth on the DeFi side. These developments show that interest in SUI is being supported not only by expectations but also by concrete ecosystem progress. The sustainability of the recent price move will partly depend on the impact of these developments. Triangle Structure A clear symmetrical triangle structure stands out on the chart. The descending trendline from above is putting pressure on price, while the 0.84–0.85 region continues to act as strong support. In other words, the market has tightened significantly, and in these types of structures, price tends to accelerate once the breakout happens.Currently, price is around 0.933, right at a decision point. The most critical short-term level is 0.935. This area is important because it is both a horizontal resistance and close to the upper boundary of the triangle. If price holds above it, the first target becomes the 0.973–0.987 range. If that area is also cleared, room opens toward 1.03 and 1.07. Especially a strong close above 0.97 with volume would clearly confirm an upside breakout.On the downside, the 0.898–0.885 range is the first support zone. This is where buyers stepped in during the latest recovery. If price loses this area, the triangle would be considered broken to the downside and selling pressure could increase again. In that case, 0.847 comes first, followed by the major support at 0.815.In summary:Above 0.935: the squeeze may resolve upward and momentum can accelerateTargets: 0.973 → 0.987 → 1.03 / 1.07Below 0.898: weakness beginsIf 0.885 breaks: risk of pullback toward 0.847–0.815 increasesThe chart is currently very close to a breakout. At this stage, rather than predicting direction, it is healthier to follow the level that breaks.These analyses do not provide investment advice and focus on support and resistance levels that are considered to offer short- and medium-term trading opportunities depending on market conditions. However, responsibility for execution and risk management lies entirely with the user. In addition, the use of stop loss is strongly recommended.
AAVE Commentary and Price Analysis - April 10, 2026
AAVE Technical Outlook Falling Channel Structure On the AAVE side, the descending channel structure has been working cleanly for a long time. Price gets sold near the upper band on every rally, while each pullback tends to find support near the lower band. In other words, the overall structure remains bearish, but recently price has started to stabilize near the lower boundary of the channel.At the moment, the 89–92 dollar range is the most critical short-term area. Price is trading both at a horizontal support zone and close to the lower channel line. That is why the reaction here is important. If this region holds, AAVE may have room for a short-term recovery.On the upside, the first key level is 93.8 dollars. If price manages to hold above this area, the next targets become the 99–101 range, followed by the 106 dollar region. Especially closes above 99 would allow price to move more comfortably toward the upper band of the channel.On the downside, 89 dollars is the critical support. Below that, 85.7 dollars stands out as the last strong support zone. If this area is also lost, a new downside gap opens within the descending channel and selling pressure could accelerate.At this stage, the structure is still weak overall, but being close to the lower band makes the risk/reward profile more balanced. The key issue is whether this support zone can hold.The 89–92 range is the main short-term support and decision zoneAbove 93.8, recovery momentum strengthensThe 99–101 range is the first major resistance zone106 dollars stands out as the upper channel targetBelow 89, weakness increases; losing 85.7 may accelerate sellingThese analyses do not provide investment advice and focus on support and resistance levels that are considered to offer short- and medium-term trading opportunities depending on market conditions. However, responsibility for execution and risk management lies entirely with the user. In addition, the use of stop loss is strongly recommended.
Trump-Linked WLFI Drains Its Own Pool: The Risk Debate Continues
World Liberty Financial (WLFI), a decentralized finance (DeFi) project linked to the Trump family, has issued a strong response to recent criticism regarding increased liquidation and "bad debt" risks in the market. The project team characterized claims that their high borrowing position on the Dolomite protocol is risky as "FUD" (fear, uncertainty, and doubt), defending the sustainability of the current structure. In a statement, WLFI emphasized that the platform is "never close" to liquidation risk. The team stated that they could provide additional collateral even if market conditions were to turn against them. Project officials noted that this approach is a common mechanism in DeFi protocols and that this is how the system works. However, on-chain data points to a more complex picture. According to the blockchain analytics platform Arkham, WLFI borrowed approximately $75 million worth of stablecoins on Dolomite, using around 5 billion WLFI tokens as collateral. It was noteworthy that a significant portion of this debt, approximately $40 million, was transferred to Coinbase Prime wallets. This move led to speculation that the funds may have been used for fiat conversion or over-the-counter (OTC) transactions.Concentration risk discussed in the protocolWLFI's position on Dolomite is in the spotlight not only because of the size of its debt but also because of its weight within the protocol. According to data, WLFI represents approximately 55% of the total value locked (TVL) on the platform. In addition, the usage rate in the USD1 pool exceeding 93% indicates a liquidity crunch that could make it difficult for other users to withdraw their funds.Some DeFi researchers and analysts argue that such a concentration could pose a systemic risk. In particular, it is stated that a sharp drop in the price of the WLFI token could make it difficult to liquidate the collateral, leading to significant losses for lending users. Using a low-liquidity asset as collateral on this scale is cited as a factor that could further increase the risk.WLFI, however, offers a different perspective against these criticisms. The project states that it positions itself as an "anchor borrower," meaning the main borrower in the protocol, thereby generating higher returns for other users. The team argues that this model strengthens the Dolomite ecosystem.Token buybacks and new plans on the agendaAccording to data shared by the project, WLFI has repurchased 435.3 million tokens in the last six months at an average price of $0.1507. The total value of these transactions is approximately $65.58 million. It was also announced that the annualized revenue of the USD1 stablecoin has reached $159.5 million. On the other hand, WLFI is preparing to introduce a governance proposal next week that will be of great interest to early-stage investors. This proposal is expected to involve a vote on a plan to gradually unlock WLFI tokens, which are currently largely locked. The project states that not all tokens will be released at once, but instead a long-term, phased vesting model will be implemented. According to Tokenomist data, only 24.67% of the total 100 billion supply is in circulation. The remaining 75% consists of tokens that are locked or planned to be unlocked in the future. This situation has created dissatisfaction among early investors regarding access to liquidity. It has even been suggested that some investors are considering legal action.
HSBC and Standard Chartered were Granted the First Stablecoin Licenses from Hong Kong
Hong Kong has taken a long-awaited and significant step in its cryptocurrency ecosystem. The Monetary Authority of Hong Kong (HKMA), the region's financial regulator, has officially granted its first stablecoin issuance licenses. According to the announcement, the first two institutions to receive licenses are HSBC and Anchorpoint Financial. It's noteworthy that Anchorpoint Financial is a venture formed through a partnership between Standard Chartered, Animoca Brands, and Hong Kong Telecommunications. The market had actually expected these licenses to be issued in the first quarter of the year. However, the HKMA chose to extend the process to allow for more detailed review of the applications. Additional clarity was requested on critical issues such as the transparency of reserve assets, anti-money laundering mechanisms, redemption processes, and how the system would function under stress scenarios. This led to the delay. Following all these evaluations, as of April 10th, HSBC and Anchorpoint Financial were added to the list of licensed issuers under the Stablecoin Regulations. Thus, the regulated stablecoin era officially began in Hong Kong.A new era for crypto assetsHKMA Chairman Eddie Yue emphasized in his statement that this development is a significant milestone for Hong Kong. Yue stated that the regulatory framework created will both encourage the use of innovative technologies and ensure user protection. He also pointed out that establishing a robust structure in terms of risk management will contribute to a sustainable stablecoin ecosystem in the long term.The licensed institutions are expected to complete the necessary technical and operational preparations in the coming months and begin their operations. During this process, companies will prioritize acting in full compliance with regulations and managing risks in a controlled manner. HKMA believes that this new era can eliminate some inefficiencies in financial transactions and create new areas of value for both individuals and institutions.36 applications, second wave on the wayAccording to data previously shared by HKMA, a total of 36 applications have been received under the stablecoin licensing framework. This framework came into effect in August 2025 and mandated licensing for all companies wishing to issue stablecoins in Hong Kong. It was noteworthy that institutions with the authority to print banknotes in the city were prioritized in the granting of the first licenses. Established financial institutions like HSBC and Standard Chartered are therefore seen as prominent. On the other hand, it is stated that a second wave of applications is on the way. According to industry sources, companies such as Futu Securities and OSL Group are among the strong candidates that may receive licenses in the coming period.The goal of becoming a crypto hub is strengtheningWith the strategy it announced in 2022, the Hong Kong administration adopted a more open and regulated approach to the crypto sector. Within this scope, a licensing system for crypto exchanges was implemented, followed by special regulations for stablecoins. In addition, the stablecoin sandbox program, launched in 2024, allowed companies to test their products under regulatory supervision. This program contributed to both the development of technical infrastructure and the shaping of healthier regulations.
DOGE Comment and Price Analysis - April 9, 2026
DOGE Technical OutlookOn the DOGE side, there has been a clear symmetrical triangle structure forming for a long time. While descending resistance continues to pressure price from above, rising support from below keeps pushing it higher. In other words, the trading range has narrowed significantly, and the formation appears to be approaching its final stage. In these types of squeezes, once the breakout comes, the move is usually sharp.Currently, price is trading in the 0.092–0.093 range, which is the short-term decision zone. On the upside, the 0.0938–0.0957 range is the first key resistance area. Especially if this zone is broken with strong volume, the triangle would be considered broken to the upside, increasing the probability of acceleration first toward 0.101, and then toward the 0.106–0.109 range. In volatile coins like DOGE, these post-squeeze moves can develop quickly.On the downside, the rising lower trendline and the 0.090–0.088 range are the most critical support area. If price drops below this zone, the formation would break to the downside, bringing 0.0838 into focus first, followed by the risk of a deeper pullback.At this stage, the picture is clear: price is preparing for a larger move, but direction is not confirmed yet. Whichever side breaks first could lead to acceleration in that direction.0.0938–0.0957 is the upper resistance zoneIf this area is broken, 0.101 becomes the first targetThen the 0.106–0.109 range comes into focus0.090–0.088 is the main support areaBelow 0.088, the formation breaks and selling pressure increases Trending Theme These analyses do not provide investment advice and focus on support and resistance levels that are considered to offer short- and medium-term trading opportunities depending on market conditions. However, responsibility for execution and risk management lies entirely with the user. In addition, the use of stop loss is strongly recommended.
Binance Delists 6 Altcoins: Sharp Price Drop
Binance, one of the world's largest cryptocurrency exchanges, announced its delisting decision for six different altcoins. According to the official statement, spot trading for Beefy.Finance (BIFI), FIO Protocol (FIO), FunToken (FUN), Measurable Data Token (MDT), Orchid (OXT), and Wanchain (WAN) will end on April 23, 2026.Delisting decision after comprehensive review by BinanceBinance stated that it periodically evaluates the assets it lists and considers various criteria in this process. These criteria include the commitment of project teams, the quality of development activities, trading volume and liquidity, network security, community interaction, and regulatory compliance. Sudden changes in the token economy or structural transformations in the project also affect the evaluation process.As a result of these reviews, the exchange decided to delist the six tokens in question because they did not meet the current standards or could not adapt to market conditions. As part of the decision, all relevant spot trading pairs will be delisted and open orders will be automatically canceled. Sharp price drops were observed.Following the delist decision, a rapid price reaction was seen in the markets. According to shared data, BIFI lost approximately 23% of its value in the last 24 hours, falling to the $79 level. FIO Protocol saw a drop exceeding 24%, with the price falling to $0.0048. One of the sharpest drops was seen in FunToken. FUN lost approximately 40% of its value in the last 24 hours, falling to the $0.00088 level. Similarly, Measurable Data Token (MDT) experienced a drop of around 27%, while Orchid (OXT) lost 16% and Wanchain (WAN) lost over 6%. Looking at the charts, it is seen that sudden and sharp sell-off candles formed, especially in the morning hours, followed by a more horizontal and weak recovery process. Futures and other products are also affectedBinance announced significant changes not only for spot trading but also for futures and other financial products. Accordingly, futures contracts for the relevant tokens will close on April 15, 2026, and positions will be automatically liquidated. Users are advised to close their positions before this date.Similarly, margin trading, lending, staking, and Simple Earn products will also be gradually phased out. It is stated that, especially in margin trading, if users do not close their positions in advance, the system may automatically liquidate them.Critical dates for usersBinance emphasized that users should pay attention to certain dates to avoid any inconvenience. Spot trading will end on April 23, while deposit transactions will not be supported after April 24. Withdrawal transactions will continue until June 23, 2026.The exchange also stated that the delisted tokens may be converted to stablecoins in the future, but this is not guaranteed. Therefore, it is important for users to manage their assets in advance and complete necessary transactions in a timely manner.
White House Economists Release Report: Stablecoins in Focus
A new analysis published by economists affiliated with the White House has offered a different perspective on the increasingly heated stablecoin debate. According to the report, the risks to the banking system from yield programs offered through stablecoins remain quite limited. This assessment directly contradicts the "deposit flight" concerns frequently voiced by banks and industry representatives. The balance is shifting in the stablecoin yield debateThe study, prepared by the White House Council of Economic Advisors (CEA), calculated that banning stablecoin yields would only increase banks' lending capacity to a very limited extent. According to the model, such a ban would increase the total volume of loans in the banking system by approximately $2.1 billion. This increase corresponds to only 0.02 percent of total loans. Moreover, it is stated that this limited gain would create a loss of welfare of approximately $800 million for consumers.Another point that stands out in the report is the emphasis that stablecoin reserves are largely already located within the traditional financial system. According to economists, even if users transfer their assets to stablecoins, these funds generally return to the financial system through instruments such as bank deposits or US Treasury bonds. Therefore, the amount of liquidity leaving the system remains quite low. Estimates suggest that only about 12% of stablecoin reserves remain outside the lending mechanism. These findings stand in stark contrast to more pessimistic scenarios from the banking sector. Specifically, the Independent Community Bankers of America suggested that if interest-bearing stablecoins become widespread, banks could lose up to $1.3 trillion in deposits, leading to an $850 billion contraction in lending volume. Similarly, some major bank executives warn that stablecoins could directly compete with the banking system. However, White House economists believe such scenarios are based on extreme assumptions. The report states that even with the most adverse conditions cumulative, the impact on the banking system would remain limited. For example, even in an aggressive scenario like a sixfold growth in the stablecoin market, the increase in the loan volume of community banks is estimated to be only 6.7 percent. At the heart of the discussions are new regulations underway in the US. In particular, the bill known as the "Clarity Act" seeks to clarify whether stablecoin yields can be offered directly or indirectly. In this process, the GENIUS Act, passed last year, imposed a one-to-one reserve requirement on stablecoin issuers and limited direct interest payments. On the other hand, the Federal Deposit Insurance Corporation is also working on a new supervisory framework for stablecoin issuers. All these developments are leading to an intense lobbying struggle between crypto companies and the traditional banking sector. Crypto companies argue that stablecoin yields offer a competitive alternative for users and can increase financial inclusion. In response, banks state that such products pose significant risks, especially for small and local banks.
Seven Swiss Financial Giants Begin Stablecoin Testing
The Swiss financial sector has taken a significant step in the digital currency space by launching a joint testing process for a stablecoin pegged to the Swiss franc (CHF). Seven financial institutions, including major players such as UBS, PostFinance, and Sygnum, have begun testing real-world use cases in a controlled "sandbox" environment. Beyond being a purely technical trial, the project aims to create a digital payment infrastructure for the Swiss economy. This sandbox environment will continue until 2026 and will be open to participation from new institutions throughout the process. Participants also include prominent institutions such as Raiffeisen, Zürcher Kantonalbank, BCV, and Swiss Stablecoin AG. This structure allows both banks and other financial actors to test blockchain-based payment systems in a realistic environment. The test environment is built on a fully controlled structure. While elements such as transaction volumes and user numbers are kept within certain limits, participants can simulate real payment flows. This minimizes risks and allows for the secure testing of next-generation financial technologies. At the same time, the potential of digital assets, called "programmable money," which can automate transactions based on specific conditions, is also being examined in detail during this process.One of the main goals of the project is to lay the foundations of a digital currency ecosystem in Switzerland. Banks aim to gain operational experience in blockchain-based payments and obtain concrete data on new payment methods. The findings will play a critical role in deciding whether or not to launch a full-scale CHF stablecoin in the future.Stablecoins are growingThis development comes amidst rapid growth in the global stablecoin market. In recent years, there has been a significant increase in the use of stablecoins, and transaction volumes have also risen considerably. According to analysts, the circulation rate of stablecoins has almost doubled in the last two years, and these assets now change hands an average of six times a month. This shows that stablecoins are taking on an increasingly active role not only in crypto markets but also in the broader financial system. On the other hand, US dollar-based stablecoins still hold a dominant position in the market. Tether (USDT), which holds the majority of the total supply, has a share of over 60%. USD Coin (USDC) follows closely behind, representing a smaller but significant market share. This new initiative launched in Switzerland could pave the way for local currency-based stablecoins that could offer an alternative to this dollar-centric structure. Similarly, digital euro projects are gaining momentum in Europe. The Qivalis initiative, developed in this context, stands out as part of Europe's efforts to create its own alternative to dollar-based stablecoins. The CHF stablecoin project in Switzerland is also considered a strategic step towards strengthening local financial systems in this globally competitive environment.
Iran-US Ceasefire Boosts Bitcoin and Altcoins
The temporary ceasefire announced between the US and Iran quickly led to a sharp reversal in the crypto markets. The two-week "bilateral ceasefire" announced by US President Donald Trump reversed the bearish expectations that had intensified in recent days, causing Bitcoin to rapidly rise to $72,700. This sudden movement also triggered a significant short squeeze in the markets. According to data shared by the crypto data platform CoinGlass, a total of $595 million worth of positions were liquidated, with the majority being short positions. The liquidation of approximately $427 million worth of short positions clearly demonstrates the intensity of bearish expectations in the market. In particular, in recent weeks, geopolitical risks and increasing uncertainty had led a large portion of investors to take bearish positions. This sharp rise was not limited to Bitcoin. Ethereum gained approximately 6% on the same day, while XRP rose 5% and Solana 5.5%. The overall crypto market recorded a daily increase of around 4%. On the other hand, the majority of liquidations occurred in a relatively short period. Approximately $508 million of the total $595 million liquidation took place in just 12 hours, with $398 million of that coming from short positions. This marked the most aggressive short squeeze since the beginning of March. The largest single liquidation occurred on Binance. Approximately $11.79 million worth of BTC-USDT short positions were liquidated in a single transaction, with Bitcoin leading the list with a total liquidation of $245 million. Ethereum came in second with $126 million, while altcoins like Solana, ZEC, and XRP also felt the effects of this wave. The impact of the ceasefire decision was not limited to cryptocurrencies. Oil prices also saw a sharp decline. Brent oil fell to around $99, and WTI to $95, indicating a rapid normalization in energy markets that had previously risen due to the war-related "risk premium." This situation also led to significant liquidations in tokenized commodity contracts. The agreement is valid for two weeksFrom a market sentiment perspective, one of the key factors behind the rise was overly pessimistic positioning. While the "fear and greed index" remained in single digits during the war, negative expectations dominated social media. The ceasefire news broke this one-sided expectation, sharply reversing the market. However, experts are cautious about whether this rise will be permanent. According to analysts, a two-week temporary ceasefire is not enough to start a long-term bull market. For a sustained rise, not only is a reduction in geopolitical risks needed, but also an improvement in global liquidity conditions, a strengthening of expectations for interest rate cuts, and continued corporate capital inflows are required.
