Circle was accused of failing to freeze exploit-related transmissions. Approximately $230 million of the stolen funds were routed through Circle’s USDC. Drift plans to recoup $147.5 million based on future earnings. Circle Internet Group, issuer of the USDC stablecoin, is being sued in a class action lawsuit for failing to prevent the movement of stolen funds related to the Drift Protocol exploit. The lawsuit, filed by Drift investor Joshua McCollum in U.S. District Court in Massachusetts on behalf of more than 100 affected users, focuses on whether the company had the ability and duty to intervene as the attack unfolded.…
Author: Crypto Flexs
Read More
Bitcoin price predictions were aggressively bullish early on Friday as CoinDesk reported that the perpetual funding ratio, based on a 7-day moving average, has fallen to its most negative level since 2023. ZeroStack CEO Daniel Reis-Faria has targeted $125,000 within 30 to 60 days if the market’s overselling positioning unravels. summation BTC was trading around $74,700 in the Asian morning on Friday, up 3.5% on the week but down 0.4% on the day, putting a pause on a 10-day global stock rally ahead of the expiration of the Iran ceasefire on April 22. The 7-day moving average funding rate has…
DUBAI, United Arab Emirates, April 17th, 2026, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, reported that global stock markets have reached new record highs, led by a historic breakout in the S&P 500 and supported by synchronized gains across risk assets. The S&P 500 closed above the 7,000 mark for the first time on April 15, a key psychological milestone and a historic high for the index. The benchmark has posted gains of approximately 7.8% month to date in April and about 2.9% year to date in 2026 (prior to market open on Friday, April 17), reflecting…
Bitcoin has been pushed above the $74,000 level this week, showing that buyers are still active on the downside and willing to move into lower levels. This move represents an attempt to retest the upper limit of the multi-month range, but maintaining these higher levels is where the real challenge begins. The price has already tested near $75,000 and faced strong rejection. This confirms that the seller is still aggressively defending this area. From a trading perspective, this looks like a classic range expansion attempt, but so far there has been no strong continuation. Market participants remain largely focused on…
CryptoDirectories Press, The blockchain ecosystem continues to evolve, shifting from simple token transfers to complex financial applications, NFTs, and innovative liquidity models. Decentralized finance (DeFi) and non-fungible tokens (NFTs) are driving the next wave of blockchain adoption. Investors, developers, and enthusiasts are now seeking networks that prioritize active participation, liquidity, and scalable infrastructure. For a deeper dive into one example of a liquidity-driven blockchain, see our article on Berachain. Introduction: The Evolution of Decentralized Finance From Passive Staking to Active Liquidity Traditional blockchains relied heavily on passive staking to secure networks. While effective, this approach leaves large amounts of capital…
Solana found support at $82.50 and corrected some losses. SOL price has currently consolidated above $85 and could be targeting a steady increase. SOL prices showed a decent recovery above $84 and $85 against the US dollar. The price is currently trading above $85 and the 100-hour simple moving average. The hourly chart of the SOL/USD pair shows a bullish trendline with support at $85.00 (data source from Kraken). The price may continue to rise once $85.80 and $88.00 are cleared. Solana price recovery begins The price of Solana remained stable and, like Bitcoin and Ethereum, started a significant recovery…
Dubai, UAE, April 16th, 2026, Chainwire Utexo, the Bitcoin-native execution and settlement layer for stablecoin payments, today announced a collaboration with x402 to bring USDT compatibility to the x402 payment protocol and support real-time, agent-to-agent transactions with settlement speeds as fast as 50 milliseconds. x402 is an open protocol that allows payments to be embedded directly into HTTP requests using the HTTP 402 “Payment Required” status code. This allows applications, APIs, and autonomous systems to pay for services in real time without relying on accounts or pre-funded balances. With Utexo’s integration, developers using x402 will now be able to transact…
Taiwan Semiconductor Manufacturing Company reported strong first-quarter results on Thursday, as steady demand for artificial intelligence chips boosted both sales and profits to record levels. summation Taiwan Semiconductor Manufacturing Company beat expectations with first-quarter profit rising 58% to $572.48 billion as demand for AI chips remained strong. Sales rose 35% year-over-year, with Nvidia-led demand driving growth and high-end chips dominating the sales mix. TSMC expects sales to grow by more than 30% in 2026 and plans to invest more in facilities as production capacity becomes insufficient due to continued demand for AI. The world’s largest contract chipmaker reported net profit…
Dubai, UAE, April 16th, 2026, PlayNewswire 1win continues to evolve its VIP ecosystem, bringing global rapper Tyga into its high-tier community while reinforcing its positioning as a crypto-first entertainment platform. The update follows several days of speculation across social media, after the artist was spotted boarding a branded 1win private jet and later shared content featuring the brand. Confirmation was subsequently published via the 1win Owner’s official channels on X and Telegram. According to sources close to the activation, Tyga was welcomed by 1win with a full-scale premium setup. This included a private jet flight and a genuinely VIP gift…
make CryptoSlate preference The Ethereum Foundation (EF) announced on April 8 that it will convert 5,000 ETH to stablecoins through CoWSwap’s TWAP feature to fund research, grants, and donations.The announcement has reignited debate about what the foundation’s financial overhaul will achieve. Last year, EF moved treasury assets into DeFi and launched a staking initiative centered on about 70,000 ETH after borrowing against ETH collateral.The realities outlined in EF’s June 2025 Financial Policy suggested a different model. This tied monetization to fiat-denominated operational buffers and kept ETH sales, staking, and stablecoin borrowing within the same financial framework.Many markets are starting to…