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There is a popular indicator that crypto pundits watch closely for cues on whether U.S.-based investors, especially institutions, are actually buying bitcoin BTC$77,944.86 or sitting on sidelines watching the market. It is called the Coinbase premium index and as of now it is flashing the most sustained bullish signal since bitcoin traded at record highs above $126,000 in October. This index has been positive for 14 consecutive days, from April 9 through today, April 22, according to data source Coinglass. That is the longest unbroken stretch of positive readings since October. Bitcoin’s Coinbase premium. (Coinglass)Here is why it mattersThe Nasdaq-listed…

Bitcoin BTC$77,984.40 is breaking out of the Iran-headline chop.The cryptocurrency topped $78,000 on Wednesday morning, up 2.2% over 24 hours and 4.3% on the week, after President Donald Trump said he would extend the Iran ceasefire indefinitely and Strategy disclosed the purchase of 34,164 BTC for $2.54 billion. Ether rose 2.1% to $2,366, BNB climbed 1.3% to $640, and Solana gained 1.8% to $87. The only red in the top 10 was a trickle of 0.1% declines in stablecoins and Tron.The S&P 500 futures rose 0.5% and Nasdaq 100 futures gained 0.6% after Trump’s extension, though the underlying benchmarks closed…

Coinbase’s quantum researchers have highlighted Algorand and Aptos’ work to prepare their networks for potential threats from quantum computing in a report on Tuesday, as they warned that other proof-of-stake chains may be more vulnerable to attacks.Coinbase’s Independent Advisory Board on Quantum Computing and Blockchain released a paper outlining the threat that quantum computers pose to blockchains and suggested ways to prepare networks for the technology.“A sufficiently powerful quantum computer could one day break the cryptography that secures digital assets across major blockchains,” Coinbase said. “The board has high confidence this type of machine will eventually be built.”Source: CoinbaseQuantum computers…

US Senator Elizabeth Warren has accused Paul Atkins, the head of the Securities and Exchange Commission, of possibly misleading Congress about the agency’s enforcement activity.Warren, the top Democrat on the Senate Banking Committee, said in a letter to Atkins dated Wednesday that the SEC’s enforcement data for fiscal year 2025, released on April 7, raised “significant concerns” about his answers at a Feb. 12 congressional hearing.“At the hearing, I specifically asked you to comment on publicly available data highlighting a decline in SEC enforcement activity,” Warren said. “In response, you demurred, stating that you were ‘not sure what data’ I…

A cross-chain bridge holding nearly a fifth of a restaked ether token’s circulating supply just got drained, and the fallout is moving through DeFi faster than Kelp DAO can pause contracts.An attacker drained 116,500 rsETH (restaked ether) from Kelp DAO’s LayerZero-powered bridge at 17:35 UTC on Saturday, worth roughly $292 million at current prices and representing about 18% of rsETH’s 630,000 token circulating supply tracked by CoinGecko.LayerZero is a cross-chain messaging layer, or the infrastructure that lets different blockchains send verified instructions to each other. Kelp DAO is a liquid restaking protocol, which takes user-deposited ETH, routes it through EigenLayer…

Here’s what happened after the largest security incident of 2026 to one of the used protocols. The cryptocurrency industry saw the most violent hack of 2026 on Saturday evening when an unknown perpetrator breached KelpDAO’s security and drained almost $300 million worth of its liquid staking token, rsETH. They managed to act quickly, depositing the stolen funds into several lending protocols, borrowing money against them, and one of them just experienced a massive investor exodus as its own token crashed hard. CryptoPotato explained in detail the events that took place on Saturday evening from information provided by the security experts…

Coinbase Institutional published an analysis on April 17, arguing that MicroStrategy’s persistent Bitcoin (BTC) buying reduces liquid float far more than the market appreciates. Michael Saylor amplified the sentiment the following day, posting “Impossible to blockade Bitcoin” on X (Twitter). Digital Asset Treasuries Squeeze BTC Float The Coinbase analysis highlights that digital asset treasuries’ share of the BTC supply has quadrupled to above 4% over the past two years. Strategy’s BTC buying matters more than you thinkKey Insights:• Strategy’s most direct role is reducing liquid float by acting as a persistent holder.• Within the last two years, the share of…

US media personality and former Olympian Caitlyn Jenner has escaped a class-action lawsuit after a federal judge ruled her memecoin was not a security under US law.California federal judge Stanley Blumenfeld Jr. wrote in an order on Thursday that the lawsuit failed to plausibly plead that Caitlyn Jenner (JENNER) tokens were investment contracts, as they didn’t pool investor money or use funds to develop “any related product or technology.”“Defendants stated that ‘[t]he $JENNER token is a memecoin on the Ethereum blockchain intended solely for entertainment purposes,’ and that its value would increase because Jenner would use her fame and influence…

Traditional finance giants Charles Schwab and Citadel Securities are both considering entering prediction markets, with each separately weighing up how they wish to get involved in the fast-growing sector.“I think at some point we likely will have prediction markets,” Rick Wurster, the CEO of the banking and investing titan Schwab, told investors during a call on Thursday.He added that prediction markets weren’t “of tremendous interest” when he recently asked a group of Schwab clients about them, but it was an area the company would “take a hard look at, and it would be quite straightforward for us to offer.”Charles Schwab…

Security experts have flagged an apparent nearly $300 million exploit of Kelp DAO.The $293.7 million in rsETH was drained from the protocol.The DeFi community is still reeling from other recent exploits.Another day, another DeFi hack.That’s what appears to be the case after blockchain security experts on Saturday flagged nearly $300 million leaving Ethereum-based Kelp DAO.First alerted by blockchain sleuth ZachXBT via his Telegram channel, a total of $293.7 million was drained from the protocol’s rsETH adapter — a tool allowing users to deposit liquid staking tokens and get rsETH in return.Kelp DAO wrote on X that it had “identified suspicious…