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South Korean crypto exchange Bithumb has announced it will temporarily suspend deposits and withdrawals for Xai (XION) to support an upcoming network upgrade. The suspension will begin at 10:00 a.m. UTC on April 21.

An over-the-counter (OTC) whale address starting with 0xd4584, previously known for buying hundreds of millions of dollars in ETH and cbBTC, has withdrawn 98,032 wstETH ($272 million) and 3,000 cbBTC ($221.6 million) from the crypto lending platform Aave, Lookonchain reported. The on-chain tracker noted that the whale appeared to have difficulty withdrawing ETH from Aave following the hack of KelpDAO's rsETH bridge. The whale also lost 237 ETH ($540,000) while swapping some of the bridged ETH. The address still holds about 10,000 ETH ($22.8 million) on Aave. The KelpDAO exploit over the weekend resulted in the theft of over $290 million in assets, and it was previously reported that more than $10 billion in funds had been withdrawn from Aave amid the fallout.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $125 million liquidated (83.44% longs) - ETH: $126 million liquidated (85.66% longs) - RAVE: $23.88 million liquidated (50.74% longs)

Prediction market platform Polymarket is seeking to raise an additional $400 million at a target valuation of $15 billion, The Information reported. The company's valuation is believed to have surged several-fold in recent months amid a spike in demand for predictions related to real-world assets (RWA) and political events. This new fundraising effort is in addition to a $600 million investment round last month that included participation from Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE).

Hanwha Investment & Securities is joining the Canton Network (CC), a blockchain infrastructure utilized by global financial institutions, Dailian reported. The Canton Network is described as the only finance-specific open blockchain, featuring interoperability that facilitates the free movement of assets and collaboration between financial institutions. The two companies plan to explore opportunities for cooperation in various financial areas and build a strategic partnership to adapt to the digital transformation trend within the global financial market.

DeFi lending platform Fluid (FLUID) has launched an aWETH repayment feature designed to assist Ethereum (ETH) borrowers with liquidity and risk management, the project announced on X. According to Fluid, the feature allows ETH borrowers to convert their collateral into wstETH or weETH, thereby securing immediate liquidity and reducing their risk of liquidation. The platform added that even when borrowers have other outstanding debts, only the ETH collateral is converted, while the original debt structure remains unchanged.

DeFiLlama founder 0xngmi said on X that Kelp DAO has three potential post-hack measures to consider after suffering a $292 million (116,500 rsETH) exploit over the weekend. The options are: - Distributing the loss across all users, resulting in an 18.5% asset reduction for everyone. - Concentrating the loss on rsETH holders by reducing the value of rsETH on Layer 2 networks to zero. - Rolling back assets using a previous snapshot and compensating only for the stolen funds, a measure considered difficult to implement due to subsequent asset movements. All three scenarios are expected to create risks for Aave, potentially forcing it to sell AAVE tokens or incur bad debt. Aave has currently frozen rsETH across its V3 and V4 protocols and has also frozen its WETH reserves. Aave founder Stani Kulechov stated that the incident was a hack of an external bridge, not Aave itself, and that the team is working to minimize further damage.

China has held its de facto benchmark interest rates steady for the 11th consecutive month. The People's Bank of China (PBoC) announced it is maintaining the one-year Loan Prime Rate (LPR), the benchmark for general loans, at 3.0%. The five-year LPR, which serves as the reference for mortgages, will remain at 3.5%. The PBoC has kept the rates frozen for 11 months since lowering both the one-year and five-year LPRs by 10 basis points in May of last year.

Although South Korea's ruling and opposition parties have agreed to convene the National Policy Committee's first subcommittee on bills later this month, discussions on the country's Phase 2 virtual asset legislation are unlikely to proceed, Chosun Biz reported. The Democratic Party had initially planned to finalize the government's draft of the bill, tentatively known as the Digital Asset Basic Act, during a party-government consultation last month. However, that meeting was indefinitely postponed as the government shifted its focus to responding to the U.S.-Iran war.

More than $10 billion has been withdrawn from the Aave protocol following an exploit targeting rsETH over the weekend, EmberCN reported. A total of $10.1 billion in assets left the protocol, with $4.5 billion of that amount in stablecoins. The outflow has pushed the annual percentage yield (APY) for stablecoin deposits on Aave to around 13.4%, while the protocol's total value locked has fallen from $45.8 billion to $35.7 billion. Previously, Ethereum restaking protocol Kelp DAO announced it had suspended rsETH contracts on its mainnet and multiple Layer 2 networks after detecting suspicious cross-chain activity over the weekend. The total losses from the exploit are estimated to be over $292 million.

CoinMarketCap's Altcoin Season Index currently stands at 38. The index measures whether it is an "altcoin season" or a "Bitcoin season" by comparing the price performance of the top 100 coins by market capitalization (excluding stablecoins and wrapped coins) against Bitcoin. An altcoin season is declared if 75% of the top 100 altcoins have outperformed Bitcoin over the past 90 days. A score closer to 100 indicates a stronger altcoin season.

According to data from Tokenomist, the major token unlocks scheduled for this week (Apr. 20–27) are as follows: - ZRO: 25.71 million tokens ($41.65 million), representing 5.34% of circulating supply, at 11:00 a.m. UTC on April 20 - KAITO: 17.6 million tokens ($7.78 million), representing 4.93% of circulating supply, at 12:00 p.m. UTC on April 20 - MBG: 27.15 million tokens ($9.33 million), representing 8.99% of circulating supply, at 12:00 p.m. UTC on April 22 - SOSO: 13.33 million tokens ($5.65 million), representing 4.35% of circulating supply, at 9:00 a.m. UTC on April 24 - INIT: 82.94 million tokens ($7.4 million), representing 45.18% of circulating supply, at 11:00 a.m. UTC on April 24 - MON: 170 million tokens ($5.12 million), representing 0.34% of circulating supply, at 2:00 p.m. UTC on April 24 - H: 105 million tokens ($10.98 million), representing 4.02% of circulating supply, at 12:00 a.m. UTC on April 25

A multisig address associated with the RaveDAO (RAVE) team deposited an additional 23 million RAVE, worth $23 million, into Bitget three hours ago, triggering a further 40% price drop, on-chain analyst ZachXBT reported on X. The token had already plummeted from $26 to $1 over the weekend. ZachXBT said he had requested investigations from Binance, Bitget, and Gate yesterday into alleged price manipulation of RAVE. Previous analyses suggested the team, which holds a majority of the supply, had orchestrated a short squeeze to artificially inflate the price. At its peak, RAVE traded above $26, placing it among the top 15 cryptocurrencies by market capitalization, but it collapsed by more than 95% within hours after exchanges launched their inquiries. ZachXBT added that suspicious price movements have also been observed in other tokens, including SIREN, MYX, COAI, M, PIPPIN, and RIVER.

The key global macroeconomic events for the fourth week of April are as follows: - April 20, 1:00 a.m. UTC: China's Loan Prime Rate (LPR) announcement - April 21, 6:30 p.m. UTC: Speech by Fed Governor Christopher Waller - April 23: Tesla earnings report - April 23, 12:30 p.m. UTC: U.S. weekly initial jobless claims

CME Bitcoin futures, which closed at $77,545 on the previous trading day, opened today at $74,600, creating a gap of $2,945. The CME BTC futures gap refers to the space on a chart between Friday's closing price and Monday's opening price. This phenomenon occurs because the CME is closed on weekends, while the Bitcoin spot market operates 24/7. The larger the fluctuation in the spot price over the weekend, the wider this gap becomes. As a result, investors are watching to see if the futures price, which is driven by the spot price, will move to fill this gap.

Hecto Group affiliates Hecto Innovation and Hecto Financial have made a strategic investment of 3 billion won ($2.2 million) in a third venture fund established by Web3 venture capital firm Hashed Ventures, Etoday reported. According to the company, the move is a strategic decision aimed at combining Hashed's global Web3 ecosystem with Hecto Group's financial and payment infrastructure, rather than a simple financial investment. Through its participation in the fund, Hecto Group plans to share Web3 and blockchain networks with major global companies and accelerate its search for new growth engines.

The proprietary Crypto Fear & Greed Index from crypto data provider CoinMarketCap has fallen seven points from yesterday to 50, though it remains in the neutral stage. The index measures market sentiment on a scale of 0 to 100, where 0 signifies extreme fear and 100 indicates extreme greed. CoinMarketCap calculates the index based on the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as the put-call ratio, the Stablecoin Supply Ratio (SSR), and its own search data.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks the volume of trades at specific price levels. The background color becomes brighter when the price lingers in a certain range or moves significantly. Brighter areas may act as potential support or resistance levels. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

According to crypto analyst CryptoOnchain, the number of daily transactions on Ethereum has surpassed 3.61 million, setting a new all-time high. The analyst noted that this rapid increase in network activity has occurred even as speculative demand from retail investors has recently slowed. Historically, periods where fundamental growth outpaces price have been interpreted as undervalued accumulation phases, and high network activity has often served as a leading indicator for long-term price rebounds, CryptoOnchain added.

MicroStrategy founder Michael Saylor hinted at an upcoming Bitcoin purchase, posting a Saylor Tracker chart to his X account last night. He added the comment, "Think Even Bigger." Saylor has previously followed a pattern of making additional BTC purchases after publishing similar posts.

Iranian First Vice President Aref stated that the security of the Strait of Hormuz is not free, adding that other countries should not expect to enjoy it at no cost while Iran's oil exports are restricted. He said the choice is clear: either guarantee a free oil market for all nations or have everyone bear massive cost risks. Aref emphasized that the stability of global fuel prices depends on the certain and permanent removal of economic and military pressure on Iran and its allies.

The risk of disruption to the banking sector from stablecoins is currently limited, according to Abhi Srivastava, a vice president at Moody's Investors Service, Cointelegraph reported. He explained that despite the stablecoin market's size exceeding $300 billion, it is unlikely to replace bank deposits in the short term due to U.S. prohibitions on interest payments and the competitiveness of existing payment infrastructure. However, Srivastava noted that in the long term, the growing adoption of stablecoins and real-world assets (RWA) could potentially weaken banks' deposit bases and reduce their lending capacity. Meanwhile, a comprehensive crypto market regulatory framework known as the CLARITY Act remains stalled in Congress.

Anthony Scaramucci, founder of U.S. asset management firm SkyBridge Capital, has predicted that Bitcoin could reach $1 million in the long term, U.Today reported. He explained that over the past 16 years, Bitcoin has built its own trust system based on its decentralized nature and network structure, establishing itself as a global institutional investment asset. Scaramucci added that the recent entry of major financial institutions like Morgan Stanley is accelerating Bitcoin's adoption as a standard asset in both individual and institutional investment portfolios.

On April 20, U.S. President Donald Trump announced on social media that a U.S. Navy missile destroyer had intercepted and fired upon an Iranian cargo ship, the "TOUSKA," in the Gulf of Oman. He stated the vessel was attempting to break a naval blockade and that the shot penetrated its engine room, bringing it to a halt. U.S. Marines are now in control of the ship, he added. Meanwhile, a spokesperson for Iran's Hatam al-Anbia Central Command accused the U.S. of violating a ceasefire agreement. The spokesperson claimed U.S. forces boarded the ship with numerous troops and disabled its navigation system in an act of maritime plunder. The Iranian military warned it would soon retaliate for what it described as piracy and armed robbery.

According to CoinNess market monitoring, BTC has fallen below $74,000. BTC is trading at $73,985.57 on the Binance USDT market.