The post Ethereum Dominance in DeFi Falls to 54%, Is ETH Losing Control of Biggest Market?  appeared first on Coinpedia Fintech News

Ethereum, the second-largest cryptocurrency by market cap, has seen its dominance in the DeFi market fall to around 54%, down from 63.5% earlier this year, as competing blockchains continue capturing a larger share of the crypto ecosystem. 

Now the big question is Ethereum losing its grip on DeFi dominance? While ETH price has recovered to nearly $2,314.

Ethereum Dominance in DeFi Falls to 54%

According to DeFiLlama data, Ethereum’s share of total DeFi TVL dropped from 63.5% at the start of 2025 to roughly 54% this month, marking one of the network’s weakest dominance levels in years.

DeFiLlama currently values Ethereum’s total value locked at approximately $45.4 billion, far ahead of most competing blockchains.

However, other networks are rapidly absorbing market share by focusing on specialized use cases across the crypto ecosystem. Current DeFi TVL market share now stands at:

• Solana: 6.66%
• BNB: 6.60%
• Bitcoin ecosystem: 6.35%
• TRON: 6.17%
• Base: 5.44%
• Hyperliquid ecosystem: 1.81%

This shift suggests DeFi is evolving from a single Ethereum-centered ecosystem into a multi-chain market where each blockchain focuses on specific sectors like stablecoins, perpetual trading, Bitcoin collateral, or consumer applications.

Ethereum Whales Are Selling

Crypto analyst Ali Martinez also pointed to a major shift happening among Ethereum whales.

According to Martinez, wallets holding between 1,000 and 10,000 ETH have significantly reduced their holdings since October 2025.

This whale cohort previously accumulated aggressively during 2025, growing holdings from approximately 12.95 million ETH in April 2025 to 15.95 million ETH by October 2025

However, whale behavior later reversed sharply. Their combined holdings have now dropped to roughly 12.52 million ETH, representing a decline of approximately 21.5%.

This large supply reduction suggests Ethereum may need stronger institutional and retail demand to fully sustain another major rally toward the important $3,000 level.

Ethereum Price Climbs While Ethereum Dominance Is Falling

Even as dominance falls, Ethereum price has started recovering again. Ethereum’s falling market dominance does not mean the network is getting weaker. 

Instead, the crypto market is becoming more competitive as newer blockchains attract users with faster transactions, lower fees, better DeFi apps, and strong reward programs.

As of now, ETH is trading around $2314, jumping 1.5% today. Ethereum has broken out of a descending triangle pattern on the daily chart, supported by rising trading volume and strong buying momentum. 

If the current momentum continues, Ethereum could push toward the $2,500 level in the near term, while a stronger bullish rally may drive the price closer to $3,000.

The post Cardano Price Could Repeat Previous 243% Rally if Key Support Holds appeared first on Coinpedia Fintech News

Cardano (ADA) rose nearly 6% today, trading around $0.27 after holding a key long-term support level near $0.25. The recovery comes as Bitcoin stabilizes above important market levels, while crypto analyst Ali Martinez points to Cardano’s historical breakout pattern around the $0.25 zone.

With ADA still trading 92% below its 2021 all-time high, traders are now watching whether another major recovery rally is starting.

Cardano Standing At Most Important Level: $0.25

According to Martinez’s monthly chart analysis, the $0.25 zone has repeatedly acted as a major reversal point for ADA during previous market cycles.

The ali martinez highlighted two major recovery points that started from this exact level. The first major rebound came in January 2023, when Cardano rallied nearly 88.27% after bouncing from the $0.25 support zone. 

Later, in September 2023, ADA delivered another strong move from the same level, surging almost 243% after successfully defending that support area once again.

Now, Cardano is testing this floor once more while showing early signs of renewed momentum.

$0.25 is a critical support level for Cardano!

In my analysis of the monthly chart, this floor has acted as a launchpad for significant rebounds on two major occasions:

• January 2023: $ADA bounced off $0.25, resulting in a 88.27% rally over the following weeks.
• September… pic.twitter.com/COknFMkG3H

— Ali Charts (@alicharts) May 9, 2026

Martinez, if ADA continues holding above the $0.25 level, it could create the foundation for another major structural rally in the coming months.

Key ADA Price Targets at $0.53

According to the analysis, the first major upside target now sits near the $0.36 resistance level.

If broader crypto market momentum strengthens further, Martinez sees a secondary macro target near $0.53.

However, the analyst also warned that losing the $0.25 support level would invalidate the bullish structure and potentially trigger a deeper correction phase.

Despite today’s rebound, Cardano still remains heavily below its previous cycle peak.

ADA currently trades nearly 92% below its all-time high of $3.10, reached during the 2021 bull market.

Cardano Ecosystem Developments Add Momentum

Beyond technical analysis, several recent ecosystem developments are also helping improve sentiment around Cardano.

This week, the Van Rossem hard fork officially reached the preview testnet stage, marking another important step in Cardano’s network upgrade roadmap.

At the same time, the Cardano Foundation announced the launch of a new blockchain research lab in Latin America as the ecosystem continues expanding globally.

These developments are strengthening expectations that Cardano could attempt a broader recovery move above the important $0.30 resistance zone in coming weeks.

However, the network still maintains a large user base with more than 4.5 million wallets currently holding ADA.

The post Why is the SUI token price up today? appeared first on Coinpedia Fintech News

Sui, a layer-1 blockchain Network native token (SUI) surged nearly 13% today, climbing above $1.08 with a market cap of $4.35 billion. Making Sui token one of the strongest-performing major altcoins in the market.

The rally comes while Bitcoin and most major altcoins continue trading sideways. Many traders are now wondering if the reason why SUI token price went up today?

Institutional Staking Creates Supply Shock

One of the biggest catalysts behind today’s rally came from institutional accumulation and staking activity. SUI Group Holdings, a Nasdaq-listed company, moved its entire 108.7 million SUI holdings from DeFi protocols into direct staking.

That amount represents roughly 2.7% of SUI’s circulating supply.

The move significantly reduced the amount of liquid SUI available on exchanges, tightening available supply while demand increased.

This matters even more because nearly 74% of the total SUI supply is already staked, meaning only a limited percentage of tokens remain actively tradable in the market.

As fewer tokens become available for selling, buying pressure can push prices higher much faster during periods of rising demand.

Short Liquidations Fuel Price Explosion

Another major driver behind the rally came from derivatives liquidations. Following the staking news, the SUI market recorded approximately $3.13 million in liquidations over the past 24 hours.

Notably, nearly 90% of those liquidations around $2.91 million came from short traders betting against the rally.

When short positions get liquidated, exchanges automatically buy back assets to close those trades, creating additional upward buying pressure.

At the same time, trading volume surged nearly 90% to around $808 million. This sharp increase in trading activity shows traders are aggressively entering the market again.

Meanwhile Coinglass data show that SUI open interest climbed to approximately $573.5 million

Bitcoin Stability Helped Altcoin Rotation

The broader crypto market also supported SUI’s rally.

As Bitcoin stabilized above the important $80,000 level, traders began rotating capital back into altcoins and blockchain infrastructure projects.

Layer-1 ecosystems like Sui attracted stronger inflows as investors searched for higher volatility opportunities outside Bitcoin.

This rotation helped strengthen momentum across the SUI market during today’s breakout move.

SUI Price Outlook

From a technical perspective, SUI is now testing an important breakout zone. The token recently bounced from a major support area between $0.81 and $0.97, maintaining its long-term bullish structure that has remained intact since 2023.

The immediate resistance level traders are watching now sits near $1.13, where price recently faced rejection.

If bulls successfully reclaim and hold above the $1.13 range, analysts believe SUI could quickly rally toward $1.50 in the short term and $3.87 as the next major breakout resistance

The Relative Strength Index (RSI) currently sits near 84, indicating heavily overbought conditions that could trigger a temporary pullback toward the $0.97 support zone before another move higher.

The post U.S. Treasury Buys Back $4 Billion of Debt, Why Bullish For Bitcoin Traders appeared first on Coinpedia Fintech News

The U.S. The Treasury bought back $4 billion of its own debt this week as part of a broader effort to improve market liquidity and stabilize bond trading conditions. For crypto investors, the move matters because rising liquidity has historically supported major rallies in Bitcoin and other digital assets. 

Could this become another bullish catalyst for Bitcoin?

Why the Treasury Is Buying Back Debt?

In a recent press release, the U.S. The Treasury announced $4 billion in buybacks, including purchases of 10- to 20-year Treasury bonds on May 7, followed by a short-term TIPS buyback on May 8. 

Together, these operations brought the total liquidity support this week to nearly $6 billion.

The Treasury Department said the operation mainly targeted older “off-the-run” securities, bonds that are less actively traded in secondary markets.

By repurchasing these bonds, the government aims to:

• Improve Treasury market liquidity
• Reduce volatility in bond pricing
• Support smoother trading conditions
• Maintain confidence in U.S. debt markets

The Treasury market plays a critical role in global finance because U.S. government bonds remain the world’s primary reserve asset and a foundation for global liquidity systems.

BREAKING: The US Treasury just did a massive buyback of $4,000,000,000 of its own debt to improve liquidity. pic.twitter.com/ssMyuVEVEB

— Ash Crypto (@AshCrypto) May 8, 2026

Why Crypto Traders Care About Treasury Buybacks

The bigger story for crypto markets is liquidity. When the Treasury buys back bonds, cash returns into the financial system through banks, institutions, and market participants selling those securities back to the government.

Historically, periods of rising liquidity have strongly benefited risk-on assets like Bitcoin, Ethereum, and tech stocks.

Many analysts closely track Treasury liquidity because Bitcoin has shown a strong relationship with broader global liquidity conditions over the years.

Some macro researchers estimate that Bitcoin maintains nearly an 80% correlation with U.S. liquidity indicators during major market cycles.

Weak Dollar Narrative Supports Bitcoin & Stablecoins

Treasury buybacks inject liquidity into markets and can gradually weaken the U.S. dollar. That benefits Bitcoin, which has a fixed supply and is globally priced in dollars. As concerns over fiat currency weakness grow, more institutional investors are viewing Bitcoin as a hedge. 

Recently, JPMorgan Chase said Bitcoin is increasingly overtaking gold as a preferred debasement hedge.

Treasury market stability also supports the crypto ecosystem through stablecoins. Major stablecoins like Tether and USD Coin hold significant amounts of Treasury-related assets and short-term government securities as collateral.

Bitcoin Pulls Back Despite Bullish Liquidity News

Despite improving macro liquidity conditions, Bitcoin recently erased part of its latest rally. After climbing to nearly $82,739 earlier this week, BTC pulled back below the important $80,000 level as traders locked in profits following recent gains.

However, many analysts still view the correction as temporary consolidation inside a broader bullish structure.

The post XRP News: Wall Street Giant UBS Reveals XRP ETF Holdings appeared first on Coinpedia Fintech News

UBS Group, one of the world’s biggest banks managing nearly $5.7 trillion in assets, has quietly gained exposure to XRP through regulated ETF products. A new SEC filing shows the banking giant is now officially connected to XRP-linked funds, adding another major Wall Street name to the growing list of institutions entering crypto markets.

UBS Group Adds XRP ETF Exposure

According to an SEC Form 13F filing, UBS Group has gained exposure to XRP through exchange-traded products, rather than directly buying XRP on the market.

The bank reported holding about 197,369 shares of the Volatility Shares XRP ETF, valued at roughly $1.49 million. It also disclosed a smaller position in the Grayscale Investments XRP fund worth around $8,248. 

For a firm managing trillions of dollars, this investment is very small, but it shows that major institutions are not only looking at Bitcoin and Ethereum, but also exploring XRP exposure. 

Wall Street Giants Quietly Increase XRP Exposure

The UBS group is no longer alone in gaining exposure to XRP-related investment products through regulated markets.

Goldman Sachs reportedly disclosed nearly $153.8 million in XRP-related exposure spread across multiple investment funds, making it one of the largest institutional XRP positions revealed so far.

Meanwhile, Bank of America also revealed a smaller position tied to the Volatility Shares XRP ETF worth approximately $224,000.

Large hedge funds are also entering the market. Millennium Management, one of the world’s biggest hedge funds, disclosed XRP-related exposure alongside its massive Bitcoin ETF investments.

At the same time, Citadel Advisors reportedly entered XRP-linked products earlier in 2026 as part of its growing crypto market-making operations

Why Institutions Prefer ETF Exposure

The UBS filing also highlights how traditional banks are approaching crypto differently from retail investors.

Rather than directly holding tokens and managing private wallets, institutions are increasingly choosing regulated ETF structures that fit within existing compliance and custody frameworks.

This allows major firms to gain exposure to crypto-related assets while minimizing operational and regulatory risks tied to direct token ownership.

Despite growing institutional interest, XRP price remains under short-term pressure. XRP is currently trading near $1.38, down roughly 1.6% over the past 24 hours.

The post What If the CLARITY Act Fails in July?  appeared first on Coinpedia Fintech News

The White House is pushing to pass the CLARITY Act before July 4, 2026, as lawmakers race to approve the biggest crypto regulatory framework in U.S. history. At the same time the banking lobby groups are reportedly trying to derail the bill. As the concern grows, investors are wondering what will happen if the CLARITY Act fails to pass. 

Will Bitcoin price crash?

What Happens If the CLARITY Act Fails?

Bitwise CIO Matt Hougan says institutional investors are unlikely to abandon crypto even if the Clarity Act fails to pass. He pointed out that during the 2018 and 2022 market crashes, Bitwise saw almost no major outflows, even with Bitcoin dropping nearly 50%.

According to Matt Hougan, institutions are long-term Bitcoin holders because they only invest when they have strong confidence in Bitcoin’s future.

At the same time, BlackRock continues leading Bitcoin ETF inflows, while corporate buyers like Strategy keep accumulating BTC. This is because institutional portfolios now view Bitcoin as a hedge against currency debasement. 

Recently, Coinpedia reported that JPMorgan Chase believes Bitcoin is increasingly overtaking gold as investors’ preferred “debasement trade.”

Unlike retail investors, institutional investors understand crypto’s volatility and are still planning to increase exposure over time.

Thus Hougan believes that even if the Clarity Act does not pass, the institutional demand for crypto is still coming.

How Much the Crypto Industry Will be Impacted?

Meanwhile, some industry discussions and policy says that even if Bitcoin survives without the CLARITY Act, regulatory uncertainty could still slow broader crypto adoption significantly.

Without clear regulations, banks may remain cautious about offering crypto services. This may push crypto companies to move operations, infrastructure, and development to crypto-friendly regions like Dubai, Singapore, and Hong Kong.

In short, Bitcoin itself may continue growing globally, but the U.S. crypto ecosystem could lose valuable time and innovation momentum.

ALL Eyes On July 4 For CLarity Act

Senator Bernie Moreno said the Digital Asset Market Clarity Act is nearing its final stages, adding that lawmakers are working to get the bill to the President’s desk before the end of June and signed into law before July 4. However, the markup schedule has not yet been announced.

Meanwhile, Senator Angela Alsobrooks said lawmakers have resolved the stablecoin yield issue, one of the biggest obstacles holding back the CLARITY Act and believes the bill can now pass.

The bigger question is no longer whether Bitcoin survives, but whether the United States risks falling behind in the global crypto race.

The post JPMorgan Says Bitcoin Is Replacing Gold as Investors’ Top Debasement Hedge  appeared first on Coinpedia Fintech News

Investment banking giant JPMorgan Chase says Bitcoin is increasingly being favored over gold as investors’ preferred hedge against currency debasement.

The bank noted that since the Iran conflict began, Bitcoin has gained nearly 19% while gold has declined around 5%, showing a major shift in both institutional and retail investor behavior.

Could this rotation of capital from gold into Bitcoin push BTC toward a new all-time high of $126K?

JPMorgan Sees “Debasement Trade” Moving Into Bitcoin

According to JPMorgan analysts, investors are increasingly choosing Bitcoin over gold to protect against weakening fiat currencies, inflation, and geopolitical uncertainty.

The bank described the trend as “the debasement trade rotating from gold to bitcoin,” driven by rising institutional adoption and easier access through Bitcoin ETFs.

Over the past two months, Bitcoin has significantly outperformed gold amid tensions surrounding Iran. Bitcoin gained nearly 19%, while Gold price declined around 5%. 

JPMORGAN SAYS $BTC OUTPACING GOLD AS INVESTORS SHIFT TO CRYPTO SAFE-HAVEN TRADE AFTER IRAN TENSIONS

— The Wolf Of All Streets (@scottmelker) May 8, 2026

Analysts say the performance gap shows a growing shift from traditional safe-haven assets toward digital assets like Bitcoin.

Bitcoin ETFs Strongly Outperform Gold ETFs

Recent ETF flow data shows a sharp contrast between Bitcoin and gold investment products.

March 2026

• Bitcoin ETFs recorded $1.32 billion in inflows, marking the first positive month of the year
• Gold ETFs saw more than $3 billion in outflows globally

During one week in March, the largest U.S. gold ETF experienced its biggest withdrawal in two years while Bitcoin ETFs turned net positive.

April 2026

• Bitcoin ETFs attracted another $2.44 billion, the strongest monthly inflow of the year
• BlackRock’s IBIT accounted for nearly 70% of total Bitcoin ETF flows
• Gold ETFs rebounded globally with $6.6 billion in inflows, mainly driven by Asian demand from China and India

May 2026 

• Bitcoin ETFs have already added another $1.38 billion in inflows

JPMorgan analysts said this steady inflow trend shows institutions are increasingly viewing Bitcoin as a more attractive debasement hedge than gold.

Bitcoin Price Pulls Back After Rally

Despite the strong ETF momentum, Bitcoin recently erased part of its latest rally after climbing to a high near $82,739.

The BTC is now trading below the $79,500 level as traders take profits following recent gains.

However, market participants still view the pullback as a healthy correction rather than a bearish reversal. Many traders believe Bitcoin is currently building a strong support zone before attempting another breakout above the important $83,000 resistance area.

The post Chainlink Whales Now Control 46% of Total LINK Supply, Supply Squeeze Coming?  appeared first on Coinpedia Fintech News

Chainlink whales aren’t slowing down in accumulating LINK tokens. Over the past month alone, large holders bought another 32.93 million LINK, pushing their combined holdings to nearly 46% of the token’s total supply. At the same time, spot LINK ETFs now control almost 1.6% of supply, while the Chainlink Reserve has surged above 3.55 million LINK.

With this massive accumulation, traders are now wondering if a major Chainlink breakout is coming.

Chainlink Whales Now Control 46% of Total LINK Supply

According to Santiment, a market intelligence platform wallet holding between 100,000 and 10 million Chainlink accumulated another 32.93 million LINK over the past month, marking a 7.7% increase in holdings. 

Their combined holdings have now climbed to a record 461 million LINK. With Chainlink’s total supply capped at 1 billion LINK, these whales now control nearly 46% of the entire circulating supply.

Santiment noted that these whales usually accumulate during weak market conditions instead of chasing price rallies. Throughout Q1 2026, while LINK traded sideways near multi-month lows, large holders steadily absorbed supply from the market.

This growing accumulation is reducing the amount of LINK available on exchanges, creating early signs of a potential supply squeeze if market demand continues rising. 

LINK ETFs and Institutional Demand Continue Growing

Institutional demand is also rising alongside whale accumulation. On May 7, Grayscale’s spot Chainlink ETF recorded approximately $878K in net inflows, pushing total assets under management to $92.54 million.

The two spot LINK ETFs currently available now hold nearly 1.58% of Chainlink’s total market capitalization.

While ETF inflows have slowed slightly in recent weeks, institutional exposure to LINK continues expanding steadily.

Chainlink Reserve Triples Since Launch

Another major bullish development comes from Chainlink’s growing reserve holdings.

The Chainlink Reserve recently added another 119,241 LINK, worth approximately $1.1 million, bringing total holdings to over 3.55 million LINK.

The reserve has now tripled since launching in August 2025:

• Around 1 million LINK at launch
• 1.4 million by January 2026
• 2.17 million by February
• Above 3.55 million currently

Chainlink (LINK) Price Outlook

From a technical perspective, crypto analyst Jonathan Carter noted that LINK is currently consolidating inside a symmetrical triangle pattern on the weekly chart.

LINK is currently testing key lower support levels as price continues compressing between higher lows and lower highs. According to Carter, a confirmed breakout could first push LINK toward the $11.50 level, with stronger momentum potentially extending the rally toward $22.00.

In a highly bullish market scenario, Carter believes LINK could eventually climb as high as $48 if broader crypto market momentum remains strong.

Meanwhile, CoinGlass data shows LINK open interest rose 5.2% to nearly $444.52 million, signaling growing derivatives activity and improving trader confidence.

The post South Korea to Impose Crypto Tax, Starting January 2027 appeared first on Coinpedia Fintech News

South Korea’s Ministry of Economy and Finance has confirmed that crypto gains above $1,800 will face a 22% tax starting January 2027. The announcement marks one of the biggest regulatory shifts for the South Korean crypto market, which remains one of the largest and most active digital asset markets in Asia.

The new rules are expected to impact more than 13 million crypto investors across the country.

Crypto Tax Rules for Gains Above $1,800 Starting 2027

Under the updated Income Tax Act, profits earned from transferring or lending virtual assets will now be classified as “other income.” Starting January 2027;

• Annual crypto gains above 2.5 million won ($1,800) will become taxable
• Meanwhile, investors will face a combined 22% tax rate
• The tax includes:
  • 20% income tax
  • 2% local income tax

Officials estimate that the policy could affect approximately 13.26 million crypto investors in South Korea. However, the government also clarified that the crypto tax will remain separate from financial investment income taxes.

Government Rejects Further Delays

Despite political pressure to delay or completely abolish the tax, the Ministry of Economy and Finance confirmed that implementation will proceed as planned.

At an emergency virtual asset taxation forum held in Seoul, Moon Kyung-ho, director of the ministry’s income tax division, stated:

“We will implement the virtual asset tax in January next year as scheduled.”

This is the first time the ministry has publicly confirmed its final stance on the long-delayed crypto tax policy.

Moon also defended the framework, saying:

“Virtual assets are subject to a 20% rate under separate taxation as other income, which in some respects is more favorable to taxpayers than comprehensive taxation.”

Major Exchanges Already Coordinating With Authorities

South Korea’s National Tax Service is now working closely with the country’s five largest crypto exchanges including Upbit, Bithumb, Coinone, Korbit & Gopax.

Authorities are currently developing detailed tax reporting systems and compliance guidelines ahead of the 2027 rollout.

The government also plans to release separate tax standards for newer crypto income sources such as;

• Staking rewards
• Airdrops
• Lending income

Government Addresses Concerns Over Overseas and DEX Trading

One major concern surrounding the tax involves tracking transactions made on overseas exchanges, decentralized exchanges (DEXs), and peer-to-peer platforms.

However, officials said these issues can be managed through;

• Foreign financial account reporting systems
• The global Crypto-Asset Reporting Framework (CARF)

The government also rejected criticism regarding potential double taxation. Officials explained that capital gains taxes on crypto profits and VAT charged on exchange service fees apply to different areas, meaning the system should not be viewed as double taxation.

South Korea remains one of the world’s most influential crypto trading markets, particularly for retail investors.

The post Why is Toncoin Price Surging Today? appeared first on Coinpedia Fintech News

Toncoin has become the biggest crypto gainer of the day, surging more than 31% in just 24 hours and climbing to the 16th-largest cryptocurrency by market capitalization. While most of the crypto market remained relatively flat, TON exploded higher after a series of major announcements tied to Telegram and its growing blockchain ecosystem.

Here’s the key reason: Why is Toncoin price of Toncoin surging today?

Pavel Durov’s Announcement Spark TON Rally

The rally began after Toncoin CEO Pavel Durov announced on May 5 that Telegram had officially replaced the TON Foundation as the network’s largest validator.

Telegram becoming TON’s largest validator strengthens decentralization.

It lets other major players join the validator pool without centralizing the network — with Telegram as the counterbalance.

More and more TON gets locked in validation as everyone competes for 20%+ APR.

— Pavel Durov (@durov) May 5, 2026

The move allows other major validators to join the network while keeping Telegram as a balancing force, reducing concerns around centralization and execution risk.

This shift immediately strengthened the bullish narrative surrounding TON, especially because of Telegram’s massive global reach of more than 900 million users.

Staking Demand and 20% APR Fuel Buying Pressure

Another major catalyst behind TON’s surge is rising validator participation and staking demand.

As more users compete for staking rewards reportedly exceeding 20% APR, a growing amount of TON supply is becoming locked within the network. This reduces circulating supply while increasing demand pressure, a combination that often supports strong price rallies.

According to network data, TON processed nearly 67 million transactions in April 2026, marking its strongest monthly performance of the year so far. At the same time, the network’s staking ratio reportedly climbed another 18%.

Telegram’s “Make TON Great Again” (MTONGA) Roadmap

Market excitement increased further after Pavel Durov revealed additional upgrades under the second phase of his “Make TON Great Again” (MTONGA) roadmap.

The roadmap focuses on tighter Telegram integration, faster ecosystem development, and improving usability for developers and users.

One of the biggest announcements involved transaction fee reductions.

Durov stated that within a week, TON transaction fees would fall nearly six times to just 0.00039 TON, or roughly $0.0005 per transaction.

In one week, TON fees will drop 6× — to just 0.00039 TON (~$0.0005) per transaction, fixed regardless of network load.

Soon after most transactions go fully feeless. Zero commission. MTONGA!

— Pavel Durov (@durov) April 23, 2026

Toncoin Price Outlook

From a technical perspective, analysts believe TON could be approaching a major breakout zone.

The token has already recovered nearly 30% from its lower support trendline and is now testing key resistance levels between $2.80 and $3.00.

If TON successfully breaks above the descending channel resistance, analysts believe it could potentially trigger a larger rally toward the $6–$7 range.

However, risks remain elevated.

TON’s Relative Strength Index (RSI) has climbed above 93, signaling overbought conditions. 

The post 1inch Liquidity Provider Trusted Volumes Exploited for $5.87 Million  appeared first on Coinpedia Fintech News

Another major DeFi attack has shaken the crypto market. A liquidity provider tied to 1inch’s Trusted Volumes system has reportedly been exploited for nearly $5.87 million, with attackers draining millions in WETH, USDT, WBTC, and USDC. 

More concerningly, blockchain security firms warn that the exploit may still be ongoing, meaning additional losses could still occur.

So, how did the exploit happen?

How the Trusted Volumes Exploit Happened

Security researchers at Blockaid revealed that attackers exploited a vulnerability in the Trusted Volumes resolver contract. This vulnerability allowed them to execute malicious orders directly from users’ wallets.

The attack worked by abusing a public function in the contract. Using this function, the attacker was able to add themselves as an “Allowed Order Signer.” Once they gained this permission, they could use old wallet approvals that users had previously granted to move funds.

Blockaid's exploit detection system has identified an on-going exploit on TrustedVolumes (1inch market maker / resolver, @trustedvolumes ).
Chain: Ethereum

Victim contract: TrustedVolumes resolver — 0x9bA0CF1588E1DFA905eC948F7FE5104dD40EDa31

Exploiter:…

— Blockaid (@blockaid_) May 7, 2026

What made the exploit especially dangerous is that users did not need to approve any new transaction for the attack to happen. Existing token approvals alone were enough for attackers to access and transfer assets.

The incident once again highlights one of DeFi’s biggest hidden risks: unlimited token approvals that stay active even after users stop using a protocol.

According to Blockaid, the attacker behind this exploit appears to be linked to the March 2025 1inch Fusion V1 attack.

Nearly $5.9 Million Drained

Further blockchain security firm PeckShield reported that the attacker has already extracted:

• 1,291.16 WETH
• 206,282 USDT
• 16.939 WBTC
• 1,268,771 USDC

The total stolen amount currently stands at approximately $5.87 million.

Researchers identified the affected resolver contract and vulnerable proxy linked to the March 2025 1inch Fusion V1 attack. Security experts also discovered strong similarities between the two incidents while tracing the exploiter wallet connected to the attack.

DeFi Hacks Continue to Rise in 2026

The TrustedVolumes exploit is now reportedly the fifth major DeFi exploit over the last one month alone, extending what is becoming an increasingly dangerous period for decentralized finance platforms.

The overall DeFi market has already witnessed several massive hacks in recent weeks, including:

• A reported $285 million exploit targeting Drift Protocol
• A separate $293 million attack involving Kelp DAO

According to data from DefiLlama, total crypto assets stolen in April 2026 surged to approximately $635.2 million, the highest level since the massive 2025 Bybit exploit where nearly $1.5 billion was drained.

The post Bitcoin Near $83,000 While Oil Crashes 12% below $90 – Cryptoquant eyeing $93K appeared first on Coinpedia Fintech News

The world’s largest cryptocurrency Bitcoin has climbed close to $83,000, hitting this level for the first time since January 31. The overall crypto market also moved up about 2%, reaching around $2.73 trillion. 

At the same time, oil prices dropped 12% below $90 after Islamic Revolutionary Guard Corps confirmed safe passage through the Strait of Hormuz.

Now, traders are closely watching the $93,000 level, as CryptoQuant says it matches a key “CME gap” that Bitcoin often tends to revisit.

U.S.-Iran Peace Deal Boosts Market Sentiment

Over the past week, Bitcoin has climbed steadily from around $75,000 to nearly $83,000, driven by growing optimism around the U.S.–Iran negotiations.

The latest rally follows reports that the United States and Iran are close to finalizing a 14-point agreement that could end the conflict within the next 48 hours.

Under the proposed deal, Iran would pause uranium enrichment and allow United Nations inspections. In return, the U.S. may ease sanctions and release frozen Iranian assets.

This progress has also improved the outlook for global trade, with expectations that oil flow through the Strait of Hormuz could return to normal after earlier disruption fears.

CME Futures Data Shows Rising Market Activity

Recent research from CryptoQuant also shows growing activity in CME Bitcoin futures markets. Open Interest (OI) has climbed back above 110,000–120,000 contracts, compared to lows near 20,000–30,000 contracts seen during the February correction.

At the same time, Bitcoin has rebounded from the $65,000–$70,000 range to above $80,000 while futures activity continues rising. 

Meanwhile, CoinGlass data shows nearly 125,567 traders were liquidated over the past 24 hours, with total liquidations reaching approximately $557.95 million.

Notably, short traders accounted for nearly 80% of those liquidations, or around $444 million.

Why $93,000 Is the Next Key Level?

According to CryptoQuant researchers, the next major upside target for Bitcoin could be around $93,000 due to a key CME gap.

CME Bitcoin futures trade only during weekdays, while the spot crypto market operates 24/7. This creates price gaps between Friday’s close and Monday’s open, often referred to as “CME gaps.” 

Historically, Bitcoin tends to revisit and fill these gaps over time.

One previous gap was already filled during the recent recovery rally. However, the next major unfilled gap remains near the $93,000 level, making it an important target traders are closely watching.

Risk Still Remains

Despite the bullish momentum, analysts warn that the market remains highly sensitive to geopolitical developments. Any negative headlines or collapse in the U.S.-Iran peace negotiations could quickly reverse sentiment and invalidate bullish targets.