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Digital art platform Blackdove announced on X that it is ending its support for the Ethereum-based NFT platform Foundation and returning operational control to founder Kayvon and the original team. Kayvon is now back in charge of Foundation's operations, and the team is regrouping to continue supporting its community.

Less than 1% of over 150 cryptocurrency protocols disclose the terms of their contracts with market makers, Wu Blockchain reported, citing a study by crypto advisory firm Novora. The study, which surveyed projects with market capitalizations ranging from $40 million to $45 billion, found that only Meteora (MET) made its terms public. Novora founder Conner King noted that these agreements, which can include token loans, option contracts, and performance fees, directly impact price formation. He pointed out that while such disclosures are mandatory in traditional financial markets, the crypto market lacks the investor relations infrastructure to help translate raw data into institutional trust. The study also found that only 38% of the surveyed protocols had models for returning value to token holders, such as fee distribution or buybacks. For the remaining 62%, the sole use case for their tokens was governance.

South Korean crypto exchange Coinone has announced the designation of nine tokens to its delisting watchlist: BAAS, WIKEN, ZTX, SPURS, ZKL, GM, MAK, K, and FRAG. The exchange stated that these assets failed to meet its minimum maintenance criteria, as their combined domestic and international market capitalization and trading volumes fell below the standards set by its delisting and trading support termination policies.

South Korean crypto exchange Bithumb announced it has placed five cryptocurrencies on its delisting watchlist: Gracy (GRACY), Tottenham Hotspur (SPURS), GTX (ZTX), With (WIKEN), and Step App (FITFI). The exchange cited the assets' failure to meet its policy standards for combined market capitalization and trading volume across both domestic and overseas exchanges. As a result, deposits for these assets will be suspended starting at 8:30 a.m. UTC today.

South Korean crypto exchange Upbit announced that it has placed Tottenham Hotspur (SPURS) on its delisting watchlist.

South Korean crypto exchange Coinone announced it will delist seven cryptocurrencies at 6:00 a.m. UTC on May 18: Cloudbric (CLBK), LoungeM (LZM), Crust Network (CRU), Fancy (FNCY), Everyworld (EVERY), Havah (HVH), and sKLAY (SKLAY). The exchange stated the move is in accordance with its policy on delisting watchlist designations and the termination of trading support.

Binance has announced that it will suspend deposit and withdrawal support for Highstreet (HIGH) and Resolv (RESOLV) via the BNB Smart Chain, effective from 8:00 a.m. UTC on April 23.

South Korean crypto exchange Bithumb announced it will delist Witch Token (WITCH), Talken (TALK), and Havah (HVH) at 6:00 a.m. UTC on May 18.

Whale addresses have accumulated approximately 270,000 BTC over the past 30 days, according to data from CryptoQuant. Meanwhile, BTC holdings on major centralized exchanges (CEX) have fallen to their lowest level since December 2017.

Shinhan Financial Group plans to integrate a crypto wallet into its new super-app, Shinhan SuperSOL, which is scheduled to launch this coming June, Newspim reported. The financial group is also expected to test a deposit token system, allowing users to convert their bank deposits into tokens for everyday payments.

CryptoQuant reported via X that Bitcoin holdings by miners are on the decline. Since the current cycle began, miner reserves have fallen from approximately 1.862 million BTC to 1.801 million BTC, representing a net sale of around 61,000 BTC. Major sellers include: - Riot Platforms: 4,026 BTC - MARA Holdings: 13,210 BTC - Core Scientific: 1,992 BTC

Lido has transferred 4.82 million LDO, worth $1.81 million, from Binance to a multisig wallet, according to AmberCN. The move is seen as the official start of the project's token buyback program. Lido previously passed a governance proposal to buy back $20 million worth of LDO to support the token's price.

Bitcoin (BTC) is facing selling pressure around the $76,800 mark, which is the realized price for short-term holders, CoinDesk reported, citing data from CryptoQuant. According to CryptoQuant, the $76,800 level represents the average purchase price for recent buyers and tends to act as resistance in a bearish market. The analytics firm noted that a rally in January was similarly rejected at this price point. When the price of BTC recently reached the $75,000 to $76,000 range, exchange inflows surged to approximately 11,000 BTC per hour, the highest level since last December. The proportion of exchange deposits from whale investors also expanded from under 10% to over 40%, suggesting significant profit-taking in this zone. CryptoQuant concluded that new demand will be necessary to absorb the sell-offs in the mid-$70,000s for a sustained upward trend.

Coinone announced it will delist Iskra (ISK) at 6:00 a.m. UTC on May 18.

BitMEX co-founder Arthur Hayes has reiterated his view that the current market is a "no trade zone." He stated that while BTC's price might rebound slightly if the current situation reverts to its pre-war state, a deflationary bomb driven by artificial intelligence remains a potential threat. Hayes stressed that BTC will not see a meaningful rise until the Federal Reserve (Fed) supplies enough liquidity to plug the holes in bank balance sheets. He previously expressed a similar view last month.

Circle, the issuer of USDC, has stated that there is a huge opportunity for a stablecoin based on the Chinese yuan, according to Watcher.Guru.

Circle has praised KRWQ, a new won-pegged stablecoin jointly launched by IQ and Frax Finance. In a statement on its website, Circle noted that IQ is using KRWQ to improve the inefficiencies of the existing offshore Korean won non-deliverable forward (NDF) market and build a more transparent and accessible on-chain foreign exchange structure. The company emphasized that the stablecoin's integration with USDC has led to significant progress in liquidity, price discovery, and institutional participation.

Binance has announced the listing of CHIP pre-market perpetual futures, scheduled for 7:15 a.m. UTC on April 16. The contracts will offer up to 5x leverage.

Morgan Stanley's spot Bitcoin ETF (MSBT) has surpassed WisdomTree's offering (WBTC) in total net inflows just one week after its launch, Cointelegraph reported. On April 15, MSBT recorded $19.3 million in net inflows, boosting its total to $103 million. This figure exceeds the $86 million in total net inflows that WBTC has accumulated since its launch in January 2024.

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: 50.17% long, 49.83% short - Binance: 51.34% long, 48.66% short - OKX: 51.26% long, 48.74% short - Bybit: 52.64% long, 47.36% short

South Korean crypto exchange Bithumb announced that it will temporarily suspend deposits and withdrawals for Starknet (STRK) starting at 5:00 a.m. UTC on April 20 to support the network's upcoming upgrade.

As Bitcoin faces resistance around the $75,000 level, on-chain data indicates that investors are increasingly taking profits, CoinDesk reported. The outlet observed that holders are now selling into the rally. This trend is evident in the realized profit/loss indicator, which measures the size of profits or losses incurred when a coin is moved by comparing its current price to its price at the time of its last move. A reading above one suggests that profit-taking is on the rise, and the 30-day exponential moving average (EMA) for this metric is currently at a high of 1.16. With this profit-taking trend strengthening, Bitcoin will need to absorb the available sell-side supply to push above $78,100, CoinDesk concluded.

Bitcoin has entered a critical juncture and must definitively hold the $73,000 level to secure further upward momentum, according to analyst Ali Martinez. In a post on X, Martinez explained that for the third time in the last six months, BTC is retesting its 100-day Simple Moving Average (SMA) as a resistance level on the daily chart. He noted that in October of last year, BTC was rejected by this resistance, leading to a roughly 30% drop from $116,000 to $80,000. A similar failure to break through in January of this year resulted in a drop of about 39%. Martinez warned that if the current retest fails, it could form a triple top pattern, potentially sending the price back down to its low of $59,000. Conversely, if BTC breaks through the resistance and establishes a position above the 100-day SMA, it could rally to the $80,000–$84,000 range, he added.

South Korean government ministries will pilot the use of a blockchain-based digital currency for business promotion expenses instead of credit cards, Newsis reported. The initiative marks the second attempt by South Korea's Ministry of Economy and Finance to utilize blockchain technology for managing national treasury funds. Last month, the ministry launched a similar pilot program to distribute government subsidies as deposit tokens to businesses that installed electric vehicle charging stations.

Cryptocurrency analyst Michaël van de Poppe noted on X that an asset rotation between Bitcoin (BTC) and gold has already begun. He explained that historically, BTC has repeatedly posted excess returns after a time lag following a peak in gold's value. Van de Poppe pointed to recent signs of this fund shift, observing that BTC has risen amid geopolitical risks related to Iran while gold has moved sideways. He added that the gold-to-Bitcoin value ratio has now fallen below two sigma, indicating that Bitcoin has entered a historically undervalued zone. According to the analyst, similar periods in 2015, 2018, 2020, and 2022 were followed by strong upward trends for BTC.