Analysis News

Solana-based Drift Protocol has suffered the largest exploit of 2026 to date, losing nearly $300 million in a “highly sophisticated operation” that has raised concerns about the growing threat of human-targeted attacks in the crypto space. Related Reading: Bitcoin ETFs Break Four-Month Negative Streak With $1.32B Inflows While ETH, XRP Funds Bleed Solana DEX Loses $285M On April Fool’s Day On Wednesday, Solana-based decentralized exchange (DEX) Drift Protocol was the victim of an exploit that stole hundreds of millions of dollars from its vaults. After online reports flagged unusual on-chain activity yesterday afternoon, Drift’s official channels confirmed the attack, quickly suspending deposits and withdrawals. According to reports, the attack lasted less than 20 mi...

Bitfinex's support for El Salvador's Bitcoin adoption highlights the need for broader institutional backing and regulatory clarity to drive market impact.
The post Bitfinex backs El Salvador’s Bitcoin adoption, eyes on $100K by June 30: FT appeared first on Crypto Briefing.

Bloomberg senior strategist Mike McGlone has renewed a stark prediction for Bitcoin (BTC), arguing that the market’s leading cryptocurrency could resume a prolonged decline that takes it back toward $10,000.  Why McGlone Sees Bitcoin Heading Back To $10K In a Thursday post on social media platform X (previously Twitter), McGlone framed the $10,000 level as a long-standing reference point for Bitcoin: it was a common trading price before the 2020–21 rally and has been among the most frequently traded levels since futures began trading in 2017. McGlone’s view, which he describes as a “bursting crypto bubble” scenario, is a minority stance among market analysts who predict a Bitcoin bottom this year as low as $38,000 in the worst scenario—much higher than the Bloomberg ...

Bitcoin ended the first quarter of 2026 at $68,200 after falling 22% over the period, its weakest opening three months since 2018. The slide erased an early push higher that had briefly carried the cryptocurrency close to $95,000 before the market turned lower. Related Reading: XRP Could Soon Enter Arizona’s Treasury — Here’s What’s Happening A Sharp Turn After A Strong Start The quarter did not begin quietly. Bitcoin opened the year at a little past $87,000 and moved higher in the early stretch, showing enough strength to reach nearly $95,000. That momentum did not last. The price later sank to about $60,000 on February 6, marking a fast shift in tone after a strong start to the year. From there, the market kept swinging. Bitcoin managed a brief rebound to around $7...

Rising tensions and market skepticism highlight the potential for prolonged instability and the need for urgent diplomatic interventions.
The post Ceasefire odds drop sharply amid US-Israel airstrikes and Iran threats: FT appeared first on Crypto Briefing.

Escalating tensions and market volatility highlight the fragile geopolitical landscape, complicating diplomatic efforts and economic stability.
The post US-Iran ceasefire odds drop sharply amid airstrikes and threats: 2% for April 7 appeared first on Crypto Briefing.

Data shows the Ethereum Open Interest observed a sharp jump before the cryptocurrency’s price saw a decline of almost 5% over the past day. Ethereum Has Seen Bearish Price Action Over The Last 24 Hours This week saw some recovery for Ethereum and the wider digital asset sector during its first three days, but Thursday has brought with it a shift as the market as a whole has retraced. Related Reading: Dogecoin Bollinger Bands Tighten—Big Move Brewing? Ethereum had managed to recover above $2,150, but following this decline, its price is back near $2,000. In terms of the 24-hour percentage change, the ETH price has seen returns of nearly -5%, worse than Bitcoin’s 3% drop, but better than the losses that some of the altcoins have witnessed. Derivatives markets data may ...

Stalled US-Iran talks heighten geopolitical tensions, diminishing hopes for a ceasefire and increasing the likelihood of military escalation.
The post US informs Israel of deadlocked Iran negotiations, ceasefire odds plummet appeared first on Crypto Briefing.

Dogecoin started a fresh decline below the $0.0920 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.0910 and $0.0920. DOGE price started a fresh decline below the $0.0920 level. The price is trading below the $0.0910 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.0910 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.0910 and $0.0920. Dogecoin Price At Risk of Key Downside Break Dogecoin price started a fresh decline after it closed below $0.0932, like Bitcoin and Ethereum. DOGE declined below the $0.0920 and $0.0910 support levels. The price even traded below $0.090. A low was formed near $0.0889...

McLaren Racing has joined Hedera’s governing council, giving the network a fresh shot of attention just as HBAR trades near $0.08. The token was up 1.40% over 24 hours, but it was still down 6% over the past week, leaving traders with a mixed picture. Related Reading: Bitcoin Ends 5-Month Losing Run — Real Reversal Or Just April Fool’s Hype? Trading Volume Slips As Price Stays Tight According to Coingecko data cited in the report, HBAR’s 24-hour trading volume fell 15% to $87 million. That drop points to softer short-term activity even as the price held near a key range. The token has also spent recent sessions moving inside a tight band, which often draws attention when a larger move may be building. Crypto analyst ChartNerd said a long-range target of $1.80 is stil...