Author: CoinNewsJunction.com
Canary Capital is asking for the U.S. Securities and Exchange Commission’s approval to list an exchange-traded fund that tracks the spot price of the popular PEPE memecoin, according to a filing from Wednesday. The firm filed an S-1 application with the SEC. Last year, Canary also filed an application to list a fund tracking the price of MOG, another, lesser-known memecoin. The firm also filed for the first-ever Pengu ETF. After the successful launch of major ETFs that track the price of top cryptocurrencies like Bitcoin and Ethereum, issuers are testing the limits of what type of funds the more…
U.S. House members press CFTC over inaction on prediction market insider trading
U.S. lawmakers have begun questioning the Commodity Futures Trading Commission over the agency’s inaction on alleged insider trading in prediction markets tied to geopolitical events. Summary Seven House lawmakers questioned the Commodity Futures Trading Commission over its response to alleged insider trading in prediction markets tied to military events. The letter pointed to contracts linked to U.S. actions in Iran and Venezuela, raising concerns about trades that appeared timed around sensitive government decisions. Lawmakers asked the CFTC to clarify its enforcement approach and respond by April 15, as legal disputes over platforms like Kalshi and Polymarket continue. Seven members of…
TLDR Morgan Stanley’s Bitcoin ETF, MSBT, is set to begin trading tomorrow on NYSE Arca. The trust will track the CoinDesk Bitcoin Benchmark 4 PM NY Settlement Rate. MSBT will hold Bitcoin directly and will not use leverage or active trading. The ETF has an annual sponsor fee of 0.14%, which is lower than most competitors. Coinbase and BNY will serve as the trusted custodians for the Bitcoin holdings. Morgan Stanley’s Bitcoin ETF is set to begin trading tomorrow on the NYSE Arca under the ticker MSBT. The U.S. Securities and Exchange Commission (SEC) declared the Morgan Stanley Bitcoin Trust…
Ethereum price retraced some of its gains from Monday after U.S. President Donald Trump brushed off an Iranian proposal to end the war and warned that strikes would target key infrastructure if Tehran fails to reopen the Strait of Hormuz by the deadline. Summary Ethereum price fell 3.4% below $2,100 as Trump rejected Iran’s proposal and warned of strikes if the Strait of Hormuz is not reopened. Risk sentiment weakened across crypto and equities, with Asian markets flat to lower and investors pulling capital amid geopolitical uncertainty. A confirmed breakdown below $2,000 could trigger a double top pattern and liquidations…
Ethereum Tests Key Range Support as Monthly Structure Signals Critical Turning Point
TLDR: Ethereum is nearing a multi-year support zone, where demand has historically driven strong price reversals. Monthly chart structure shows ETH moving within a defined range between $1,500 and $5,000 levels. Tightening volatility suggests a breakout may occur soon as price compresses near key support. Traders monitor for bullish confirmation signals before positioning within the current range setup. Ethereum is approaching a critical support range on higher timeframes, as recent market structure points to a prolonged consolidation phase. Analysts are closely watching price behavior near key levels, where risk-to-reward setups tend to favor strategic positioning within established boundaries. Ethereum Tests…
North Korean IT workers operated within DeFi protocols for years, researcher warns
North Korean-linked operators have spent years quietly integrating into crypto firms and DeFi teams, raising fresh concerns about insider risk after a string of high-value exploits tied to the country’s cyber apparatus. Summary North Korean-linked developers have worked inside more than 40 DeFi projects over the past seven years, according to a security researcher. Investigators and industry participants warn that many infiltration attempts rely on simple but persistent tactics through hiring channels and social engineering. Security researcher and MetaMask developer Taylor Monahan said these tactics stretch back to the early days of decentralized finance, with individuals tied to the Democratic…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the…
TLDR: Bitcoin whales and sharks recorded over $30.9B in losses, averaging $337M daily in Q1 2026. Early February saw peak capitulation, with realized losses hitting $1.6B in a single day. Large holders led the sell-off, showing institutional-level distribution during market stress. Market stabilized post-February, with reduced losses and BTC trading within a tight range. Bitcoin’s largest holders recorded steep realized losses during the first quarter of 2026, reflecting sustained selling pressure across major wallet groups. On-chain data shows whales and sharks collectively locked in over $30.9 billion in losses during the period. Heavy Losses Driven by Early February Sell-Off Glassnode…
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Blockchain investigator ZachXBT has publicly accused Circle of failing to freeze stolen USDC as it moved through the company’s own cross-chain infrastructure during the $285 million Drift Protocol exploit on April 1, 2026 — raising pointed questions about when and why the stablecoin issuer chooses to exercise its freeze authority. Summary The Drift Protocol hack on April 1 is the largest DeFi exploit of 2026, draining over $285 million from the Solana-based perpetual futures exchange The attacker bridged approximately $232 million in USDC from Solana to Ethereum via Circle’s CCTP across more than 100 transactions over six consecutive hours with…
