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Bitcoin's recent rally toward $80,000 may not be sustainable, as it has been accompanied by a sharp decline in trading volume and persistently negative funding rates in the futures market, according to a report from 10x Research founder Markus Thielen cited by CoinDesk. Thielen argued that these factors suggest the rally was likely driven by spot buying or short covering, rather than by investors with long-term conviction building leveraged positions. He attributed the negative funding rates, which have occurred despite Bitcoin posting its largest monthly gain since April 2025, to a structural shift in the market. This change is characterized by institutional hedging activity, such as hedge funds shorting futures to manage their positions, rather than by retail investor sentiment.

The Solana (SOL) Foundation has proposed the "Falcon signature" scheme as a solution to security threats from quantum computing. According to CoinDesk, the foundation announced on April 27 that two of the Solana network's core development teams, Anza and Jump Crypto's Firedancer, have identified Falcon as a digital signature solution designed to be quantum-resistant and have already begun initial development. The foundation added that while the implementation of quantum computing is still years away, the solution is well-researched, understood, and ready for deployment.

The Wall Street Journal reported, citing Iranian government officials, that Iran has made it clear to mediators it intends to maintain control over the Strait of Hormuz. This follows earlier remarks from Yadollah Javani, head of the political bureau for Iran's Islamic Revolutionary Guard Corps (IRGC), who stated that the U.S. could never open the strait by military means and that Iran has cornered Washington by blockading it and responding symmetrically.

The global volume of business-to-business (B2B) stablecoin payments is projected to reach $5 trillion by 2035, CoinDesk reported, citing a new report from fintech research firm Juniper Research. The firm estimates this year's B2B stablecoin payment volume will be around $13.4 billion, with the 2035 forecast representing a 373-fold increase. The report highlighted that stablecoins hold an advantage over traditional banking systems due to their 24-hour settlement capabilities and relatively low costs. It also predicted that B2B transactions will account for 85% of all future stablecoin transaction value.

Fidelity Digital Assets, the crypto-focused arm of global asset manager Fidelity, stated in a new report that Bitcoin is playing a pivotal role in stabilizing the cryptocurrency market. According to CoinDesk, Fidelity Digital Assets noted that while the crypto market recently entered a correction phase, improvements have been observed in key indicators such as unrealized profits, momentum, and network usage. This is a sign that the market is stabilizing, the report added. The firm also projected that Bitcoin's market dominance, which declined throughout the second half of last year, is expected to gradually shift to an upward trend as it continues to be at the center of the market's overall recovery.

Whether Ethereum (ETH) can sustain its recent rally depends on a decisive breakout above the $2,400 resistance level, according to an analysis by CryptoPotato. The outlet noted that on the daily chart, ETH is trading near $2,300 and has tested the $2,400 resistance four times over the past six weeks. This key resistance area represents a convergence of the upper trendline of a descending channel and the 100-day moving average (MA). CryptoPotato added that if a daily candle closes above $2,400, the next price target could be $2,800. However, a failure to break out could see the price fall back to the $1,800 level.

U.S. cryptocurrency exchange Gemini has launched a new feature called "Agentic Trading," which allows users to link artificial intelligence (AI) models directly to their trading accounts for automated investing, The Block reported. Through this function, users can connect AI models such as Claude and ChatGPT to their accounts via the MCP open standard, enabling AI-driven trade execution.

U.S. research firm Benchmark has issued a 'Buy' rating for DDC Enterprise, a U.S.-listed company strategically accumulating Bitcoin, setting a price target of $3. In a report, Benchmark stated that DDC has clear growth potential to more than double its Bitcoin holdings by the end of this year. The firm also noted that DDC's ready-to-eat and convenience food business is showing stable growth, contributing to its corporate value. Furthermore, Benchmark highlighted DDC's launch of an AI-based operating system for its Bitcoin strategy, observing that few companies have built dedicated infrastructure to manage their holdings. DDC has previously stated that it held 2,383 BTC as of April 21 and aims to hold 5,000 BTC by the end of the year.

A bill aimed at banning political donations made in cryptocurrency has passed its second reading in Canada's House of Commons. According to CoinDesk, the legislation, known as the Strong and Free Elections Act (Bill C-25), applies to key participants in federal elections, including political parties, candidates, and third-party advertisers. The bill mandates that any illegal cryptocurrency contributions must be returned within 30 days or forfeited to the Canada Revenue Agency. The bill passed with bipartisan support and has now been referred to a committee for further review and potential amendments.

Major exchanges have seen $153 million worth of futures liquidated in the past hour. In the past 24 hours, $449 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $77,000. BTC is trading at $76,960 on the Binance USDT market.

Whale Alert reported that 5,000 BTC has been transferred from Kraken to an unknown wallet. The transaction is valued at about $387 million.

Prominent Bitcoin skeptic and gold bull Peter Schiff has stated that Bitcoin will crash to near zero, Watcher.Guru reported.

In a report published on April 27, a16z crypto, the digital asset arm of venture capital firm Andreessen Horowitz, argued that stablecoins have evolved from a niche trading tool into core infrastructure, becoming the foundation for the next generation of global financial products. The report highlighted that stablecoins emerged to overcome the high costs and slow speeds of the traditional financial system, noting that just as the internet transformed information transfer, stablecoins are revolutionizing value transfer. Additionally, the firm stated that stablecoins are becoming a tool to extend the dominance of the U.S. dollar into the digital world and are being used to expand financial inclusion in developing countries. This is leading to the creation of an open-source, globally accessible financial infrastructure that moves beyond the closed networks of the past, according to the report.

A persistent negative funding rate in the BTC perpetual futures market, even as the cryptocurrency has rallied 14% in April for its largest monthly gain since April 2025, is being attributed to the structural hedging strategies of institutional investors. According to CoinDesk, 10x Research founder Markus Thielen described the situation as an unusual phenomenon. He pointed out that the 30-day annualized average funding rate stands at -5%, a significant departure from past highs of +8%. Thielen explained that a sustained negative funding rate during a price rally indicates a structural change in the futures market rather than a simple shift in investor sentiment. He elaborated that the market is currently driven by the hedging activities of institutional investors, with hedge funds shorting futures to manage their positions.

U.S. investment bank Bernstein has projected that the cryptocurrency market has not yet reached its golden age, anticipating structurally higher peaks and a long-term bull market. According to The Block, a team of Bernstein analysts led by Gautam Chhugani stated that the crypto market, centered on Bitcoin, is building stronger fundamentals. The analysts noted that $60,000 is acting as a clear floor for Bitcoin, with the price expected to approach $80,000. They added that institutional demand for Bitcoin is ongoing and that consistent buying from MicroStrategy is a positive factor. Furthermore, they explained that while quantum computing could pose a long-term risk, the blockchain ecosystem has sufficient time to transition to post-quantum security.

Kremlin spokesperson Dmitry Peskov stated on April 27 that Russia is willing to mediate in the conflict involving Iran if all parties are receptive. He emphasized that Russia would do its utmost to ensure a final and guaranteed peace, welcoming the continuation of end-of-war negotiations and the maintenance of a ceasefire under any circumstances. Peskov added that a resumption of the war would not serve the interests of Iran, the nations along the Strait of Hormuz, or the global economy as a whole.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Nasdaq-listed Bitcoin miner Hut 8 (HUT) is pursuing a bond issuance to finance a new data center linked to Google that will support artificial intelligence, Bloomberg reported. The company is reportedly raising funds by issuing secured bonds maturing in 2042, with a target of at least $3 billion. The offering is being managed by investment banks including Goldman Sachs, JPMorgan, and Morgan Stanley. Google will reportedly support the project financially, including making rent payments for the data center under a lease agreement. The move comes as Hut 8 shifts its business focus from Bitcoin mining to energy and digital infrastructure.

The pace of recent Bitcoin purchases by MicroStrategy (MSTR), the largest corporate holder of the asset, has slowed by 91% compared to the previous week, Decrypt reported. According to the data, MicroStrategy purchased 34,164 BTC ($2.54 billion) last week, followed by an additional purchase of 3,273 BTC ($255 million) about a week later. Decrypt explained that the slowdown is due to the latest acquisition being funded through the sale of common stock rather than preferred stock. This suggests that the company's preferred stock, STRC, has become the primary funding source for its larger Bitcoin buys.

Circle, the issuer of the USDC stablecoin, announced through its official X account that its venture capital arm, Circle Ventures, is purchasing AAVE tokens. The company explained that the move is part of its participation in DeFi United, a rescue program established to address the fallout from the KelpDAO hack and the subsequent rsETH incident. Circle stated its support for Aave's ecosystem and community, noting that robust DeFi infrastructure requires active building and that Aave is contributing to the future of on-chain finance.

Iranian Foreign Minister Abbas Araghchi said the United States has proposed holding talks and that the Iranian government is now reviewing the possibility. Speaking at a press conference in Russia on April 27, Araghchi questioned U.S. President Donald Trump's self-proclaimed victory, asking why he would propose negotiations if that were the case. Araghchi pointed out that Iran is confronting the world's largest superpower and that the U.S. has failed to achieve any of its objectives. This, he emphasized, is why the U.S. requested negotiations, and Iran is now considering the option.

An address linked to the over-the-counter (OTC) desk of crypto financial services firm Galaxy Digital (GLXY) has deposited 15,000 ETH, worth $34.74 million, to exchanges OKX and Bybit, on-chain analyst ai_9684xtpa reported via X. The analyst noted that the funds were withdrawn from the crypto lending protocol Aave (AAVE) immediately following the rsETH hack.

The three major U.S. stock indices opened lower today. - S&P 500: -0.12% - Nasdaq: -0.26% - Dow Jones: -0.01%