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South Korean crypto exchange Bithumb has announced it is removing Venus (XVS) from its delisting watchlist. The move comes after the exchange determined that the issues that initially led to the designation have been resolved.

The shift by Bitcoin mining companies toward the AI infrastructure business could pose a serious threat to network security, Capriole Investments founder Charles Edwards pointed out on X. He projected that for major mining firms, the share of revenue from mining is expected to plummet from the current 90% to the 30% range within the next two to three years. Edwards also expressed concern that the hash rate, the foundation of BTC's security, is rapidly declining ahead of the threat from quantum computing, and that many miners have halted the introduction of new mining equipment. In response, Blockstream CEO Adam Back argued that if the BTC hash rate falls, the profitability for remaining miners increases, eventually reaching an equilibrium between mining profits and AI conversion profits. He added that higher mining profitability would lead to less selling by miners, which could in turn create a virtuous cycle that drives up the price of BTC.

DeFi needs to shift its focus from high-yield marketing to prioritizing risk management, according to Juan Manuel Pellicer, vice president of research at Sentora, formerly known as IntoTheBlock. In an interview with DL News, he argued that existing DeFi vaults have been overly focused on Annual Percentage Yield (APY) and have failed to transparently provide users with specific risk metrics. Pellicer stressed the need for intelligent, automated systems that put risk management first. He added that the ecosystem will only grow if DeFi evolves from being a simple means of depositing assets into a financial infrastructure that operates on transparent rules.

Ethereum network transactions surpassed 200 million in the first quarter of this year, reaching an all-time high, CoinDesk reported. This figure is more than double the low of 90 million transactions seen in 2023. The majority of these transactions occurred on Layer 2 networks such as Base and Arbitrum. However, some observers point out that the price of ETH has not risen in proportion to the increase in network activity, suggesting that the growth in Layer 2s may be masking the mainnet's lower profitability.

A golden cross between Bitcoin's 50-week and 100-week simple moving averages (SMA), an indicator that has accurately predicted major bear market bottoms in the past, has not yet occurred, CoinDesk reported. In a typical uptrend, the 50-week SMA is positioned above the 100-week SMA. During a bear market, the 50-week SMA crosses below the 100-week SMA in what is known as a death cross. According to the report, while the two moving averages have drawn close, a golden cross has not yet appeared. "The past three golden crosses all signaled the start of a major bull market," the outlet noted, adding that the absence of this signal means "the current price rebound could be temporary."

Decentralized exchange CoW Swap (COW) announced via its official X account that a social engineering attack on April 14 resulted in $1.2 million in damages after users were exposed to a phishing site. The exchange explained that while its core protocol infrastructure was not compromised, a vulnerability in its domain management system was exploited. The Cow Protocol team added that it has since restored the domain and strengthened security through a service migration and registry lock.

Sui (SUI) has designated South Korea as its top priority market in Asia and plans to expand collaboration with financial institutions and big tech firms once the country's stablecoin regulations are clarified, Digital Today reported. The project highlighted the development of a Korean won-denominated stablecoin and Bitcoin-based financial products as key strategies. Sui is also promoting its native programming language, Move, to grow its developer ecosystem.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.14% long, 50.86% short - Binance: 49.52% long, 50.48% short - OKX: 50.98% long, 49.02% short - Bybit: 48.46% long, 51.54% short

Mint, an NFT Layer 2 blockchain startup, announced on X that it has ceased service operations as of April 17. Users have until Oct. 20, 2026, to withdraw their assets. After this date, asset processing and withdrawals will no longer be possible.

At least 12 DeFi protocols and crypto firms have been attacked in the two weeks since the Drift Protocol hack on April 1, Cointelegraph reported. The targets included CoW Swap, Hyperbridge, Bybit, Silo Finance, BSC TMM, MONA, Zerion, Rhea Finance, and Grinex. The Drift hack itself has been attributed to an attack by a North Korean organization.

An anonymous whale address has withdrawn 31.55 million SIREN, worth $64.67 million, from Binance Alpha over the past two weeks, Lookonchain reported. According to CoinMarketCap, SIREN is trading at $2.07, up 143.24%.

The Bitcoin (BTC) perpetual futures funding rate has fallen to its lowest level since 2023, Glassnode reported. The analytics firm noted that a low funding rate indicates many traders anticipate a price drop. However, during March and April, the funding rate remained consistently negative while the price of BTC gradually rose from the low $60,000s to around $75,000. Glassnode's analysis also pointed out that historically, periods when the funding rate turned negative have often coincided with local market bottoms, such as in March 2020, mid-2021, and during the FTX collapse in 2022.

South Korean crypto exchange Upbit announced that it will add a SOON/KRW trading pair at 5:30 a.m. UTC today.

U.S. spot Ethereum ETFs recorded approximately $18 million in net inflows on April 16, marking the sixth consecutive day of positive flows, according to data compiled by Farside Investors. - BlackRock (ETHA): +$30.5 million - Bitwise (ETHW): -$2.5 million - Grayscale (ETHE): -$16.7 million - Grayscale Mini ETH: +$6.7 million

U.S. spot Bitcoin ETFs saw net inflows of around $26.1 million on April 16, marking the third consecutive day of net inflows, according to data from Farside Investors. - BlackRock's IBIT: +$81.7 million - Fidelity's FBTC: -$36 million - Ark Invest's ARKB: -$27.24 million - Morgan Stanley's MSBT: +$13.4 million - Grayscale's GBTC: -$23.3 million - Grayscale's Mini BTC: +$16.7 million

Bitcoin could reach $125,000 within the next one to two months, according to Zerostack CEO Daniel Reis-Faria. CoinDesk reports that Faria based his projection on the BTC perpetual futures funding rate, which has fallen to its lowest level since 2023. He explained that such a negative funding rate indicates a significant buildup of short positions. If Bitcoin's price continues to rise, it could trigger a mass forced liquidation of these shorts, leading to a short squeeze that would accelerate the price rally. Faria concluded that this scenario could push BTC to the $125,000 mark within one to two months.

Hong Kong-based asset manager Flow Capital plans to tokenize a $150 million private credit fund, Bloomberg reported. The firm will utilize Singaporean blockchain platform DigiFT for the initiative. Flow Capital Chief Investment Officer (CIO) Jacky Tian stated that the company aims to raise an additional $30 million by the end of the year through equity tokens, with plans to expand the total fund size to $250 million.

Superstate, an asset manager specializing in real-world assets (RWA), has launched a new fund operating system called FundOS. The system simplifies the fund tokenization process, enabling asset managers to access on-chain capital more quickly without operational disruptions. Superstate's own funds, USTB and USCC, are currently running on FundOS.

OKX has announced that it will list USDS for spot trading at 9:00 a.m. UTC on April 17.

The Worldcoin (WLD) Foundation has announced plans to introduce a protocol fee system for its World ID service to generate revenue. According to an official blog post, while the service will remain free for general users, fees will be charged to applications that use World ID's proof of personhood to block bots. The revenue generated will be used for validator rewards and network maintenance.

NFT marketplace Foundation has announced it will cease operations and begin liquidation proceedings after a planned sale fell through. The Foundation explained that it had reached a sale agreement earlier this year with a buyer who intended to continue operating the platform, but the deal was ultimately unsuccessful. "Given the current market conditions, we concluded that finding another buyer was not feasible and have since shut down our infrastructure," the company stated. The platform operates on a non-custodial basis, meaning user assets are stored on-chain. A procedure for retrieving NFTs listed on the marketplace will be announced at a later date.

Huma Finance (HUMA) announced on its official blog that it is extending the token lock-up period for its team and investors by six months and overhauling its incentive structure. The project has postponed the initial unlock date for HUMA tokens allocated to its team, advisors, and major investors from May 26 to Nov. 26. Additionally, the project plans to introduce a deflationary mechanism and new utility within the year, and aims to launch on-chain governance features in the fourth quarter.

BitMEX co-founder Arthur Hayes deposited 3,000 ETH, worth $6.92 million, to Binance and Bybit 11 hours ago, according to ai_9684xtpa.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $121.19 million liquidated (57.94% longs) - ETH: $110.18 million liquidated (65.15% longs) - ORDI: $36.38 million liquidated (65.33% shorts)

A man who perpetrated a cryptocurrency scam using famous artworks as collateral has been sentenced to more than 20 years in prison, Cointelegraph reported. The U.S. District Court for the Northern District of Illinois sentenced Robert Dunlap, 55, to 23 years in prison and ordered him to pay restitution to about 1,000 victims. Dunlap sold a cryptocurrency called Meta-1 Coin, falsely claiming it was backed by works from artists such as Picasso, Vincent van Gogh, and Salvador Dalí. He also asserted that the project was backed by a verified $44 billion in gold and $1 billion in art assets. Prosecutors revealed that these assets did not actually exist and that many investors had lost nearly their entire life savings.