The post Goldman Sachs Joins Bitcoin ETF Race After Dominating XRP Market appeared first on Coinpedia Fintech News

On April 14, Goldman Sachs, the 7th-largest asset manager in the world with $3.65 trillion in Assets Under Supervision (AUM), filed for a Bitcoin ETF with the US Securities and Exchange Commission (SEC).

Goldman Sachs seeks Bitcoin ETF approval

Known as the Goldman Sachs Bitcoin Premium Income ETF, the product focuses on generating a stable yield to appeal to its older investors, hence the nickname “boomer candy.”

Rather than purchasing Bitcoin, Goldman Sachs will invest at least 80% of its assets in spot Bitcoin ETPs and other Bitcoin-linked products, such as options and indices. The fund will also generate monthly dividends for investors by selling Bitcoin call options. 

While these features guarantee a steady income and provide a cushion against market volatility, their downside is that they limit the profits the company could generate during a BTC rally.

Following a typical 75-day SEC review period, analysts estimate the ETF could launch in late June 2026.

Source: SEC.gov

The largest XRP ETF holder joins the BTC ETF bandwagon

The announcement highlights a shift in Goldman Sachs, from Bitcoin product investor to issuer. It further diversifies its crypto ETF portfolio, with other holdings including Ethereum, Solana, and XRP (Goldman Sachs is the largest holder of XRP ETFs globally).

Even more, it shows an increased appetite for digital asset investment products among institutional investors. Just last week, Morgan Stanley launched what is now the cheapest spot Bitcoin ETF in the US. Other prolific institutions offering similar products include Grayscale and BlackRock.

That said, these firms continue to actively alter their positions in these products to maintain profitability. Just yesterday, spot Bitcoin ETFs recorded net outflows of $291 million, while spot Ethereum ETFs saw $9.44 million in inflows.

The post TAO Price Under Pressure: Bitcoin Dominance and Covenant Aftershocks Persist appeared first on Coinpedia Fintech News

TAO, the native token of AI infrastructure builder Bittensor, has lost an additional 7% in value over the past 24 hours, trading at $238.91. 

Just a week ago, the coin traded slightly above $300, but has since dropped by 24.31% due to the recent Covenant drama and investor rotation into alternative coins.

Bittensor (TAO): The fall from glory

On Friday, prominent subnet developer Covenant AI announced its exit from Bittensor and that of its subnets, citing “centralized control.” Within hours, the token had shed over 25% of its value, with massive liquidations of long positions further contributing to the downward cascade. 

It did not help things much that investors were migrating to similar alternative tokens, such as NEAR Protocol’s NEAR.

Other top-performing competitors include Internet Computer (ICP), Render (RENDER), and Artificial Superintelligence Alliance (FET). In the last 24h, the three have posted considerably smaller price drops than TAO, with the largest at 3.35%.

Near-term outlook

Should token dumps persist, TAO could test the recent low of $230. Price stabilization would appear once the token reclaims $260.

Source: Trading View

As debate continues around the ecosystem’s decentralization nature, supporters have noted that the token has yet to crush all investor faith since it remains the top AI token by market cap (ranked 33rd).

Underpinning this narrative is the blockchain’s institutional appeal. In early April, the high-profile asset manager Grayscale increased the amount of its AI fund allotted to Bittensor to 43.06%. The company also filed to convert its Bittensor Trust into a spot ETF.

Even more, Bittensor is increasing its subnet capacity from 128 to 256 this month. This effectively increases the number of AI projects that can build on the network.

That said, the token is yet to recover above its $300 psychological level, which it broke past in March when Nvidia CEO Jensen Huang praised its accomplishments.

Key events to watch for are the network’s response to governance criticism, institutional uptake, and community reaction to upcoming upgrades.

The post Why HYPE Is Outpacing the Top 10 Crypto Giants Right Now? appeared first on Coinpedia Fintech News

HYPE, the native token of the Hyperliquid DeFi platform, is up 8.8% and 22.55% over 24h and 1 week, respectively, trading at $44.64 at press time. This makes the token the best performer among the top 10 cryptocurrencies by market cap. So, what exactly has driven this growth?

Factors behind the HYPE upswing

For one, Hyperliquid is the top-ranked on-chain perpetual trading platform, boasting about 73% of the decentralized perpetual DEX market share. The platform also leads in trading volume (including that of real-world assets), open interest, and active users. Even more, Hyperliquid recently surpassed Coinbase’s notional derivatives trading volume and is now considered a worthy competitor to Binance.

Source: DefiLlama

Number two: the platform employs price-sensitive token-deflationary mechanics by burning more tokens than it mints. This feature has attracted high-profile investors, including BitMEX co-founder and former CEO Arthur Hayes.

Thirdly, the token has gained institutional interest through Bitwise’s spot HYPE ETF. The product is currently live in Europe while awaiting regulatory approval in the US.

Fourth, Hyperliquid’s resilience has attracted many developers to its platform, while its high liquidity maintains traders.

Factors promoting future rally

So, what future events are expected to drive HYPE’s value even higher?

The first is the spot ETF approvals in the US, including those of Bitwise, Grayscale, 21Shares, and VanEck, with a trading fee war expected to ensue in a bid to dominate the space.

Next is yesterday’s introduction of the HYPE-denominated transaction priority fees. The platform now requires priority transactions to pay higher fees, which are all eventually burned in line with its deflationary mechanism.

Third is the HIP-4 proposal, which will integrate the billion-dollar prediction market with Hyperliquid. Another upgrade is the CoreWriter integration, which will foster the development of better communicating dApps on the platform.

The May 6 unlocking of about 10 million HYPE tokens will be a decisive moment – whether it increases selling pressure or the tokens are absorbed by buy demand remains to be seen.

All of these have led to price predictions ranging from $150 by Hayes to $34 by 3Commas.

The post Musician’s Entire Bitcoin Retirement Wiped by Fake Apple Store Ledger App appeared first on Coinpedia Fintech News

American musician Garrett Dutton, the lead singer of G.Love & Special Sauce, has lost his retirement funding (5.92 Bitcoin worth about $424,000 at the time of writing) to a fake Ledger app downloaded from Apple’s App Store.

Fake Ledger app makes away with ~$6 BTC

As Dutton narrates, his crypto coins disappeared the moment he entered his 24-word seed phrase into the app.

The application somehow bypassed Apple’s marketed vigorous checks and was listed as legit, despite being misspelled as “LeddgerLĭve.”

Source: X

Desperate, the musician appealed to the X community for help in tracing and possibly recovering his funds. 

I had a really tough day today I lost my retirement fund in a hack/Scam when I switched my @Ledger over to my new computer and by accident downloaded a malicious ledger app from the @Apple store. All my BTC gone in an instant.

— G. Love (@glove) April 11, 2026

On-chain investigator ZachXBT took on the case and revealed that the money had been laundered on KuCoin through 9 different addresses.

Sadly, ZachXBT notes that freezing or recovering the funds was nearly impossible due to the exchange’s ill repute regarding criminally associated funds. Here, he noted that the exchange lost its EU MiCA regulatory license in February 2026, just 3 months after obtaining it, due to compliance issues.

Reactions to the incident

In response to the incident, Ledger reminded its clients that its legit apps are only available on Ledger.com. The hardware wallet provider added that it would continue to monitor the situation while posting updates on its awareness page.

Meanwhile, Apple has yet to issue a statement on the matter, despite community outreach. Responses on X saw an outraged client base who thought everything on the App Store was authentic and verifiable.

Most of all, reactions reprimanded anyone entering their hard wallet seed phrase on any internet-connected device, saying it defies the whole logic of having a cold wallet.

Earlier this month, law enforcement agencies concluded the week-long Operation Atlantic, dismantling a $45 million crypto fraud network. The group used fake investment dashboards alongside phishing notifications to scam their unwitting victims. The agents busted similar groups in January and February, collectively accounting for billions of dollars in losses.

The post Kraken Security Alert: Insider Blackmail Attempt Targets Customer Privacy appeared first on Coinpedia Fintech News

Kraken exchange has posted a security update, saying that insiders recorded client data and are now demanding a ransom for it.

According to the firm’s Chief Security Officer (CSO), the case comprises two incidents that occurred between February 2025 and early this year. In the first incident, the criminal group threatened to release videos of internal systems containing client data unless Kraken paid a ransom.

Without hesitation, Kraken launched an investigation and, with the help of a valuable tip, identified the malicious actor as a member of their support team. Additionally, Kraken revoked the ransomcharger’s system access and implemented tighter controls to ensure the safety of client data.

Kraken fights insider extortion

More recently, the exchange suffered an eerily similar incident, which they dealt with in the same way as the first.

However, access termination did little to deter the malicious actors. Soon after, they threatened to release the videos on social media.

Kraken now asserts that it will not bow down to the criminals’ commands. The firm also says it is actively working with law enforcement agencies to bring insider recruitment to a halt, not just in the crypto industry but also in gaming and telecommunications companies.

Notably, Kraken reports that only a handful of its clients were affected in both incidents – that is, 2000 persons or 0.02% of their whole clientele base. The company also reached out to these individuals to alert them to the intrusion and to additional privacy-promoting measures to take. Kraken now maintains that its systems remain unbreached and no customer funds are at risk.

Kraken just proved why self-custody is king: insiders gonna insider regardless of zip code or passport.

Blame 'third world' support staff all you want, the truth is that in 2026 a support rep can still pull up 2,000 client records like it's 2012.

Greed is global, controls…

— The Strategist (@bizoptify) April 13, 2026

Crypto fortress under attack

Other than the recent compromise, Kraken has suffered only one other notable security incident in June 2024. At the time, CertiK researchers identified a vulnerability in its accounts that allowed users to artificially inflate their account balances.

And while Kraken has built a reputation as a crypto fortress, it now appears to have fallen victim to a classic case of “the call is coming from inside the house.”

The post Bitcoin Bottom Confirmed? Identifying the Final Hurdles for BTC appeared first on Coinpedia Fintech News

Two technical indicators now suggest that Bitcoin (BTC) is entering a bottoming-out phase that precedes the next market rally. However, certain conditions must be met before the final major breakout occurs.

Just today, Bitcoin fell below $71,000 following news of the US blockade at the Strait of Hormuz. The coin later recovered to trade above $72K after clarification that non-Iranian tankers would not be affected, and on the back of BlackRock buying $612 million worth of BTC.

Bitcoin bottom technical indicators

As for a bottom, according to Bitcoin’s Market Value to Realized Value (MVRV) indicator, we are not there yet, but are approaching it. 

As the chart below shows, the MVRV has yet to turn negative, a level that has historically marked a price floor and preceded upward momentum. A realized price of $54,173 places the current MVRV at 1.35, whereas capitulation phases have historically aligned with MVRV values of 1.0 or below.

Source: Bitbo

Meanwhile, the Bitcoin market capitulation oscillator indicates we are entering a historical cyclical low.

Source: Alpharactal

On-chain indicators

Exchange flows point to heightened accumulation at this time, with the 30-day average Bitcoin inflows on Binance dropping to 2020 lows.

Source: CryptoQuant

Supporting the narrative is BTC open interest, which is up 5.79% in the past 24h, reaching $54.84B at the time of writing, while short liquidations outperformed longs at $90.10 million over the same period.

Conditions for the next bull market

JPMorgan now calls a “buy the dip” opportunity, saying oversold signals support a V-shaped recovery despite geopolitical unrest. Meanwhile, Strategy continues to buy in relentlessly, now holding 3.7% of all Bitcoin that will ever exist.

Beyond the prompt resolution of the US-Iran conflict, Bitcoin reclaiming its 2021 ($69K) and 2024 ($106K) all-time highs would also generate considerable upside momentum.

Markets now wait patiently to see how the conflict evolves and to gauge subsequent investor reaction.