Token Metrics Daily Pulse

April just became the worst hack month since February 2025. $630 million gone. North Korea accounts for 76% of all 2026 crypto theft. BTC sits at $76K in Fear territory. The market has a security problem it keeps pretending is solved.

Today's key developments:
• Across 68 incidents so far in 2026, crypto hackers have pulled more than $1 billion in total theft - with DPRK-linked actors accumulating over $6 billion since 2017. The attack surface keeps widening: cross-chain bridges, MPC wallets, and restaking layers are the current vectors of choice.
• Meta just launched USDC stablecoin payouts for creators on Solana and Polygon via Stripe. Separately, AllU...

Paul Tudor Jones just called Bitcoin the strongest inflation hedge alive. BTC sits at $76K, barely down on the day. Fear & Greed sits at 29 in Fear territory. The legend is buying what the crowd is selling.

Today's key developments:
• Paul Tudor Jones publicly called Bitcoin the strongest inflation hedge available. A statement that lands differently when it comes from someone who manages billions and has been right about macro calls before.
• Standard Chartered dropped a report saying DeFi is "bent, not broken" after a $292 million hack and argues the sector is still on track for a $2 tril...

Bitcoin ETFs snapped a 9-day inflow streak. BTC sits at $76K, down 2%. FOMC looms. Macro just called the bulls' bluff.

Today's key developments:
• Jack Dorsey's Block now holds nearly 9,000 BTC after adding to its treasury in Q1, disclosing $2.2 billion in holdings via proof-of-reserves.
• Israel approved its first regulated stablecoin, a digital shekel, marking a significant shift in sovereign digital currency strategy.
• BitMine is accumulating ETH at a pace that's catching up to Strategy's Bitcoin accumulation rate, positioning itself as an Ethereum treasury company.


📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/bitcoin...

Crypto ETFs just hit their highest AUM since February. $933 million flowed in a single day. Meme tokens up 31% in 7 days. BTC sits at $77K — calm while everything else runs.

Today's key developments:
• $933 million flowed into crypto ETFs in a single day — pushing total AUM to the highest level since February, extending a four-week inflow streak.
• BTC reclaimed its 21-week trend line for the first time since October 2025 — a technical level that previously marked the boundary between bull and bear regimes.
• Meme tokens are up 31% in 7 days. Rollups up 26%. Analytics tokens up 24%. Meanwhile BTC dominance sits at 58% — bar...

BlackRock's Bitcoin ETF just hit a milestone that didn't exist 18 months ago. Meme tokens are up 35% in 7 days. Rollups up 31%. BTC sits at $78K — barely moving while everything around it runs.

Today's key developments:
• BlackRock's Bitcoin ETF just crossed a milestone that proves crypto went mainstream — and Coinbase is positioning itself as the only full-service prime broker that can actually serve the institutions showing up.
• The CFTC sued New York to block a state crackdown on prediction markets. 38 attorneys general backed Massachusetts in the Kalshi case. And Brazil just banned Polymarket, Kalshi, and every other prediction platform...

Bitcoin is on track for its best month in a year. Spot ETFs just logged a 9-day inflow streak. Yet traders are eyeing $73K as the next key level. The bulls and the chart are in a standoff.

Today's key developments:
• Bitcoin is on track for its best monthly performance in a year, fueled by $5 billion in new USDT minted and a 9-day spot ETF inflow streak.
• Prediction markets are under siege globally: Brazil banned 27 platforms including Kalshi and Polymarket, while the CFTC added New York to its list of states it's actively fighting to stop pred...

A US soldier used classified intel on the Maduro raid to win $409K on Polymarket. Now he's facing five felonies. Bitcoin stalls at $78K as leverage unwinds. Two very different kinds of risk on display today.

Today's key developments:
• A US Army soldier faces five felony charges after allegedly using classified intelligence about the Maduro raid to bet $409K on Polymarket — and win.
• Aave is rallying DeFi partners to contain the fallout from a $292 million KelpDAO bridge exploit — the largest DeFi security event of the month.
• Bitcoin is stalling just below $78,500 as volatility cools and traders un...

Tether froze $344 million in USDT on Tron. US law enforcement asked. Tether complied. BTC knocks on $80K again. The rally is real but the resistance is too.

Today's key developments:
• Tether froze $344 million in USDT on Tron after wallets were flagged by US law enforcement — one of the largest asset freezes in the stablecoin's history.
• Bitcoin ETFs just posted a 7-day inflow streak with $1.9 billion flowing in as BTC tests the $80,000 resistance zone — and analysts say the real test starts now.
• JPMorgan says DeFi's security problem is keeping institutions out — and the data backs it up: persiste...

Bitcoin clears $78K for the first time in weeks. $418 million in liquidations in 24 hours. ETH up 4%, SOL up 4%. The short squeeze the bears didn't see coming.

Today's key developments:
• $418 million in crypto liquidations in 24 hours as Bitcoin tests $78K resistance and short sellers get caught offside.
• Lazarus Group has a new attack vector: a macOS-targeting exploit called Mach-O Man, and they're using LayerZero and other bridges to launder the proceeds.
• Aave's TVL is sliding, with capital rotating to Spark and Lido — and USDC is becoming the default parking spot for DeFi cash sitting on the sideline...

Scammers posed as Iranian officials. They demanded Bitcoin to let ships pass Hormuz. At least one vessel paid. Strategy just bought 34,000 BTC more. The market barely flinched.

Today's key developments:
• Fraudsters impersonating Iranian Revolutionary Guard officials demanded Bitcoin and USDT from cargo ships near the Strait of Hormuz — and at least one vessel appears to have paid.
• Arbitrum's Security Council froze $71.5 million in ETH tied to the $292 million Kelp DAO exploit — but the attacker had already moved $175 million across chains before the freeze landed.
• Strategy bought 34,000 BTC in its latest purchase while Bitmine crossed 4% of total ETH...

Crypto funds pulled in $1.4 billion last week. BTC is flat at $75K. ETH can't hold $2,500. Money is entering. Prices aren't moving. Something has to give.

Today's key developments:
• Crypto funds absorbed $1.4 billion last week as Bitcoin cleared its two-month trading range.
• Aave V3 TVL dropped significantly after the Kelp DAO rsETH bridge exploit, exposing structural risk from liquid restaking tokens as collateral.
• Polymarket is reportedly in talks to raise $400 million at a $15 billion valuation.


📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/crypto-funds-just-absorbed-1-4b-in-a-week-apr-20-2026-ggzn?utm_source=spreaker&utm_mediu...

65% of institutional investors call crypto a vital diversifier. BTC sits at $75K and sliding. Memes up 33% in a week. Conviction is rising while prices drift lower.

Today's key developments:
• A Nomura study finds 65% of institutional investors now view crypto as a vital portfolio diversifier — the highest reading the firm has recorded.
• Kelp DAO's rsETH bridge was exploited for $292 million — 2026's largest crypto hack — with wrapped ETH stranded across 20 chains in a LayerZero-based attack.
• Alcoa is selling its dormant Massena, New York smelter to NYDIG for Bitcoin mining and AI data center operations — a former industrial site convertin...

Kelp DAO just lost $292 million in a bridge exploit. rsETH stranded across 20 chains. BTC slides to $76K. DeFi's security problem isn't getting smaller.

Today's key developments:
• The Kelp DAO exploit exposed a layered attack surface: restaked ETH on EigenLayer, a LayerZero-based bridge, and 20 destination chains — all failing together in a single coordinated hit that the restaking narrative wasn't prepared to absorb.
• Bitcoin broke through seven months of resistance this week before sliding back toward $76K — and the narrative battle between bulls and bears is now fully open.
• Solana futures open interest rose 20% this week as SOL briefl...

Kraken drops $550 million on a derivatives exchange. BTC sits at $76K with a sell wall overhead. Negative funding rates hit their highest of the year. Someone's positioning for the next move — question is which direction.

Today's key developments:
• Kraken's parent Payward is acquiring derivatives exchange Bitnomial for $550 million in cash and stock — the biggest exchange acquisition in years.
• Negative funding rates hit their highest level of 2026 as BTC tests $76K — shorts are the most crowded they've been all year.
• Glassnode's RHODL ratio is signaling the Bitcoin bottom may already be in — a metric that has historically c...

BTC funding rates just hit their most negative since 2023. Price sits at $74K. Short-term holders are hunting exits. Historically, this is where bottoms form — not where they break.

Today's key developments:
• Bitcoin funding rates just hit their most negative reading since 2023 — and history says that's actually a bullish setup.
• Drift Protocol just raised $148 million from Tether and partners — days after a massive exploit — and is replacing USDC with USDT as its primary stablecoin.
• Bitcoin developers are proposing BIP-361 — a plan to freeze wallets that are vulnerable to quantum computing attacks.


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BTC hit $75K yesterday. Today it's back at $74K. The IMF just cut global growth forecasts. Memes are up 12% this week. The market is sending three different signals at once.

Today's key developments:
• BTC touched $75K for the first time since February — then immediately pulled back. $411 million in ETF inflows followed. Analysts are calling for caution.
• The IMF just issued a global debt warning that directly reprices the macro backdrop for Bitcoin — and not in the way bulls want.
• World Liberty Financial — the Trump-backed DeFi project — is proposing to unlock $6.2 billion in tokens. Yes, billion.

ETH up 8% in a day. BTC touched $75K for the first time since February. Total market cap back above $2.6 trillion. But ETF flows were negative $291 million last week. Someone's buying — and it's not the funds.

Today's key developments:
• Bitcoin crossed $75K for the first time since early February — even as spot ETFs posted $291 million in net outflows last week.
• The SEC staff exempted crypto interface providers — wallets, front-ends, aggregators — from mandatory broker registration.
• Deutsche Börse is acquiring a stake in Kraken for $200 million — one of the largest traditional finance investments in a crypto exchange ever.

...

The SEC just said crypto wallet software isn't a broker. Three years of developer fear, gone in one staff bulletin. BTC sits at $72K. Crypto funds just had their best week since January. Someone should've bet on this.

Today's key developments:
• The SEC just ruled that software enabling crypto wallet transactions doesn't qualify as a broker — exempting non-custodial interfaces from mandatory registration requirements.
• Crypto funds posted their best week of inflows since January, with both Bitcoin and Ethereum ETF products seeing surging investment.
• Kraken disclosed it was targeted in an extortion attempt — an attacker claimed to have cl...

Commodity traders are getting debanked over Iran exposure — and stablecoins are the only rail still open.

Today's key developments:
• Commodity traders caught in the Iran war crossfire are getting debanked — and turning to stablecoins to keep their businesses alive.
• WLFI's $75 million DeFi loan is drawing fire from two directions at once: Justin Sun calling it an ATM for insiders, and U.S. senators asking pointed questions about the Mar-a-Lago gala.
• North Korea keeps stealing billions in crypto — not despite operating in the open, but because of it.


📰 Read the full Daily Pulse: https://pulse.t...

Bhutan quietly sold 70% of its Bitcoin over 18 months. BTC sits at $73K anyway. Sovereign sellers. Retail buyers. Someone's wrong about who's in charge here.

Today's key developments:
• Bhutan has sold 70% of its Bitcoin over the past 18 months — and may have stopped mining entirely.
• The Bitcoin market is splitting in two: long-term holders accumulating while short-term traders sell into strength.
• WLFI token hits a new low as concerns grow over its token-backed loan position — with Justin Sun's blacklisted wallet tied to a $70M loss.


📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/bhutan-sold...

BTC hits $73,035 (+1.7%). WLFI borrowed $75M against its own token. Justin Sun's position down $80M+. Trump's DeFi project is one bad candle away from a headline.

Today's key developments:
• World Liberty Financial borrowed $75M against its own token on a protocol its own advisor co-founded — and Justin Sun's frozen WLFI position is already down more than $80M.
• Coinbase CEO publicly backed the Clarity Act alongside Treasury Secretary Bessent, who called crypto skeptics "nihilists" in Senate testimony.
• Bittensor's TAO dropped 15% after Covenant AI publicly called the network "decentralization theater" and exited.


📰 Read the full Daily Pulse...

BTC holds above $71,900. CME futures activity at a 14-month low. Institutional basis trade unwinding. Price up. Smart money out?

Today's key developments:
• U.S. Treasury will now loop in crypto firms on hacker warnings — the same intelligence sharing previously reserved for traditional finance.
• Securitize hired former SEC official Brett Redfearn as president, ahead of its public listing.
• Iran reportedly demanded Bitcoin payments for Strait of Hormuz transit — crypto intelligence firms are skeptical.


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⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice...

BTC spikes to $72,084 (+5.37%). ETH surges +8.09%. A ceasefire did that. Morgan Stanley's Bitcoin ETF opens today at 0.14% — cheaper than BlackRock.

Today's key developments:
• Morgan Stanley's MSBT Bitcoin ETF went live today with a 0.14% fee — the lowest in the market — backed by a $7 trillion wealth management machine. BlackRock's IBIT just met its first serious competition.
• Trump announced a 2-week conditional ceasefire with Iran. Bitcoin spiked above $72,000. Oil tumbled. The market just told you exactly what it thinks the biggest macro risk was.
• Six major Swiss banks including UBS launched a Swiss franc stablecoin sandbox. Separately, South Korea is drafting...

BTC pulls back to $68,389 (-1.48%). ETH drops to $2,086 (-2.68%). Bitcoin ETFs just posted their biggest inflow day in six weeks. A Nobel physicist says quantum computing breaks encryption sooner than you think.

Today's key developments:
• Bitcoin ETFs recorded their largest single-day inflow in six weeks: $471 million net positive on Monday.
• A 2025 Nobel Prize-winning physicist says quantum computing will target encryption — including Bitcoin's — sooner than the industry expects.
• XRP led all assets with $119.6 million in weekly ETP inflows, out of $224 million total across global crypto funds.


📰 Read the full Daily Pulse: https://pulse.tokenmetrics...

BTC hits $69,414 (+3.91%) on Iran ceasefire rumors. ETH leads at +5.63%. Strategy added 4,871 BTC for $330M.

Today's key developments:
• Bitcoin reclaimed $69,414 — a weekly high — after reports of US-Iran ceasefire talks sent oil lower and risk assets higher.
• Strategy added 4,871 BTC for $330 million, pushing total holdings near 767,000 BTC — funded primarily through STRC preferred stock sales.
• North Korean operatives spent six months inside Drift Protocol before draining $280 million in a social engineering operation, new reporting confirms.


📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/btc-hits-69k-iran-ceasefire-did-that-apr-6-2026?utm_source=spreaker&utm_medium=audio&utm_campaign=daily...

North Korea didn't hack Drift. They infiltrated it. $270M gone after a 6-month inside job. BTC sits at $66,796, down -0.42%. The market shrugs. The security story does not.

Today's key developments:
• $270 million gone from Drift Protocol — and it wasn't a flash exploit. It was a six-month North Korean intelligence operation.
• Charles Schwab is opening a waitlist for direct Bitcoin and Ether spot trading, targeting a limited launch in Q2.
• Ant Group's blockchain arm just launched a platform letting AI agents transact on crypto rails using stablecoins — in real time.


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BTC at $67,092, up just +0.61%. Large holders dumped 188,000 BTC in 90 days. Demand is contracting at -63,000 BTC/month. Bears are short into a squeeze.

Today's key developments:
• Bitcoin's market is thinning from the inside: demand contracting at -63,000 BTC per month while large holders distributed nearly 188,000 BTC over the past 90 days — even as institutions keep buying.
• Bitcoin short positions face a $2.5 billion liquidation cascade if price touches $72,000 — bears are crowded and the squeeze setup is live.
• Charles Schwab plans to launch spot Bitcoin and Ether trading in the first half of 2026 — putting direct crypto access in front of its...

Ethereum Foundation staked $93M in a single session. BTC holds near $66,763 on Good Friday. Futures markets tilt bearish. Jobs beat expectations. Someone's reading this wrong.

Today's key developments:
• Ethereum Foundation staked another $93 million in ETH, completing its 70,000 ETH target in a single session.
• Drift Protocol sends onchain messages to wallets tied to its $280M exploit, attempting to open negotiations with the attacker.
• 178,000 jobs added in March, beating expectations. BTC barely flinched, holding near $66,763.


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⚠️ Disclaimer: This content is for educational purposes only and does not constitute in...

Trump pledges to hit Iran "extremely hard." BTC drops to $66,056. SOL falls -6.1%. Everything risk-off is selling together.

Today's key developments:
• Trump's Iran threat sent crypto into a synchronized risk-off dump: BTC fell to $66,056 (-3.35%), SOL dropped -6.08%, and BNB shed -6.35% as geopolitical fear hit every risk asset at once.
• Drift Protocol exploited for a reported $285 million — Solana's largest DeFi protocol by perps volume told users to halt deposits, and the post-mortem is pointing at admin key exposure, not code.
• Coinbase's CLO says a deal on stablecoin yield in the Clarity Act is "very close" —...

Bitcoin just snapped a 5-month losing streak. Now trading at $68,344, up 2.55%. ETH leads the pack at +3.96%. The streak is over. The real question starts now.

Today's key developments:
• Bitcoin just snapped a 5-month losing streak, closing March in the green for the first time since October. Key levels to watch in April are now front and center.
• Bitcoin's drawdowns are structurally shrinking — and Wall Street analysts are starting to build that into their models. Not everyone agrees: Bloomberg's Mike McGlone still has a $10,000 target on the table.
• Bitcoin traders are positioning defensively heading into the Easter h...

BTC sits at $66,608. Down -1.83% today. A close below $67,300 locks in six straight monthly losses. That hasn't happened since 2018.

Today's key developments:
• Bitcoin is one bad close away from a record-tying six-month losing streak. A finish below $67,300 today would match the 2018 bear market run.
• Google's quantum research is moving the goalposts on Bitcoin's Q-Day timeline — researchers now warn 2032 is a credible window, not a distant sci-fi scenario.
• A new US rule could open the $8 trillion retirement market to crypto — and most people haven't noticed yet.


📰 Read the full Daily Pulse: https://pulse.tokenmetrics...

BTC bounces to $67,807. Up 1.53%. ETH leads at +3.61%. But Strategy paused buys. ETFs bled $296M last week. The buyers are quiet. The price is up. Something doesn't add up.

Today's key developments:
• Strategy paused its weekly Bitcoin purchases for the first time in months, holding at 762,099 BTC — worth roughly $52 billion and more than 3.6% of Bitcoin's total supply.
• Aave V4 launched on Ethereum mainnet today after roughly two years of development, introducing a hub-and-spoke architecture designed to extend DeFi lending into real-world credit markets.
• Rate hike bets are building — not just for the Fed, but now for the Bank o...

BTC slips to $66,445. ETH breaks back below $2,000. Markets are pricing in rate hikes — not cuts. The macro floor just got shakier.

Today's key developments:
• Markets are pricing in rate hikes again — and crypto is not immune. Inflation fears plus Middle East tensions are reshaping Fed expectations in real time.
• Gnosis and Zisk just announced the Ethereum Economic Zone — a rollup framework co-funded by the Ethereum Foundation, with Aave, Titan, and Centrifuge already signed on.
• The CLARITY Act could be a quiet kill switch for DeFi token yields. An analyst at 10x Research says ring-fencing yield would shift...

Spot Bitcoin ETFs broke a 4-week inflow streak. Capital is avoiding directional risk. BTC sits at $66,422. Google just gave Bitcoin devs a 2029 quantum deadline.

Today's key developments:
• Spot Bitcoin ETFs snapped a 4-week inflow streak, with capital explicitly avoiding what analysts are calling 'directional risk' heading into quarter-end.
• Google set a 2029 deadline to migrate all authentication services to quantum-resistant cryptography — and the clock is now ticking loudest for Bitcoin developers, not Ethereum.
• Morgan Stanley entered the Bitcoin ETF race with a market-leading low fee, while Bitcoin miners are pivoting to AI infrastructure and selling BTC to fund...

$300M in long liquidations. BTC hits a two-week low. Retail sold. Whales watched. ETF outflows at a three-week high.

Today's key developments:
• $300 million in long liquidations wiped out as Bitcoin dropped to a two-week low — and Glassnode data shows retail investors did most of the selling while whales stayed neutral.
• US Bitcoin ETF outflows hit a three-week high as geopolitical uncertainty and rising Treasury yields pressured liquidity — and traders are specifically positioning ahead of a potentially volatile weekend.
• ICE — the NYSE's parent company — just dropped another $600 million into Polymarket as prediction markets crossed $20 billion in monthly volume...

Fannie Mae now accepts Bitcoin and USDC as mortgage collateral. BTC is down -3.25%. ETH down -5.13%. The market is selling while the infrastructure is being built around it.

Today's key developments:
• Fannie Mae will now accept Bitcoin and USDC as mortgage collateral — a first for U.S. housing finance, structured through Coinbase and Better Home.
• MARA Holdings sold $1.1 billion in Bitcoin to buy back debt — and the stock jumped 10% on the news.
• Stand With Crypto — the Coinbase-backed advocacy group — just launched a voter hub and endorsed congressional candidates ahead of the November 2026 midterms.


📰 R...

Circle stock plunged 20% in a single day. The Clarity Act spooked investors. But Bernstein says they read it backwards. BTC ETFs pulled in $2.5B this month. Someone's panicking. Someone else is buying.

Today's key developments:
• Circle stock cratered 20% after the Clarity Act draft banned stablecoin yield-sharing. Then Bernstein dropped a note saying the market got it completely backwards.
• Bitcoin ETFs pulled in $2.5 billion in a single month, nearly erasing their year-to-date outflow losses despite a significant price drawdown.
• Monument Bank is tokenizing £250 million in retail deposits in what's being called a UK first. The deposits stay in...

NYSE taps Securitize for 24/7 tokenized stocks, joining a growing institutional race to put equities on-chain. Two of the world's biggest exchanges. Same week. This is a race now.

Today's key developments:
• NYSE taps Securitize to build a 24/7 tokenized securities platform, joining a growing institutional race to put equities on-chain.
• Coinbase says institutional crypto is entering a 'second wave' — and this time, it's all about yield, not price speculation.
• Strategy (Saylor) gains access to another $44 billion to buy Bitcoin, while Bernstein calls the bottom and maintains its previously published year-end price target.


📰 Read the full Da...

Bitcoin clears $71,000. Trump postpones Iran strikes. BTC up 2.97%. The market isn't trading crypto anymore. It's trading the news wire.

Today's key developments:
• Bitcoin surged above $71,000 after Trump announced a five-day postponement of planned strikes on Iranian power plants, citing productive diplomatic conversations.
• Strategy acquired 1,031 bitcoin for $76.6 million last week, bringing total holdings to 762,099 BTC — more than 3.5% of the entire 21 million supply.
• Tom Lee's Bitmine spent $138 million on ETH this week, extending its buying streak for three consecutive weeks despite mounting unrealized losses.


📰 Read the full Daily Pulse: https://pulse.tokenmetrics.com/p/new-post-4d...

Bitcoin miners losing $19,000 per coin produced. Options fear at all-time high. Trump drops 48-hour Iran ultimatum. $299M in liquidations. This isn't a dip. It's a stress test.

Today's key developments:
• Bitcoin miners are losing $19,000 on every coin they produce — and difficulty just dropped 7.8% as the miner exodus accelerates.
• Bitcoin options downside protection premium hit a new all-time high — even as spot prices stabilized, per VanEck.
• Trump issued a 48-hour ultimatum on Iran power plants, sending BTC below $69,200 with $299 million in liquidations — long positions took 85% of the damage.


📰 Read the full Daily Pulse: https://pulse.t...