Bitcoin whales and sharks have locked in $30.9 billion in BTC losses this 
year, resembling the 2022 bear market, as onchain data points to continued 
downside risk.

Rich Bitcoin traders lost $337M daily in first quarter of 2026

Charles Schwab has confirmed it remains on track to launch direct spot trading 
for Bitcoin and Ether in the first half of 2026, opening one of the largest 
pools of investor capital in the world to direct crypto access for…

Schwab Preps Spot Bitcoin and Ether Trading Across $12 Trillion in Client Assets

In the bull market cycle of 2021-2022, the Shiba Inu meme coin made waves in a 
way that changed the face of meme coins forever. This came after Dogecoin’s 
initial 36,000% rally, and Shiba Inu followed with an over 1,000,000% rally. 
Naturally, this has led to the search of the meme coin that will replicate 
Shiba Inu’s move and so far, the verdict has been that it will be the PEPE 
meme coin. One analyst deep dives into this, elaborating on why PEPE could 
pull a similar stunt. Why PEPE Is The Shiba Inu Of This Cycle Crypto analyst 
Rexha took to the X (formerly Twitter) platform to discuss the current meme 
coin market and what investors could expect to come from it. Starting out, 
they draw out a parallel between the SAFEMOON and active Solana traders chart, 
showing a similarity between the two. For context, SAFEMOON was one of the 
meme coins from 2021 that saw a massive run, but eventually turned out to be a 
scam. Related Reading: The Last Time XRP Made This Move Against Bitcoin, It 
Led To A 500% Increase To $3.3 Rexha pointed out that investors are often 
looking for the next big thing, as was seen back in 2021 after the Dogecoin 
and Shiba Inu rallies on the Ethereum blockchain. Traders had then moved to 
‘cheaper’ blockchains in a bid to chase the next runner, leading to a lot of 
scams, which the analyst says culminated in SAFEMOON on the BNB Chain. 
Eventually, once the scams became too much and many traders were used as exit 
liquidity, attention shifted back to the meme coins that began the run. At the 
time, it was Dogecoin and Shiba Inu, as traders realized they were a ‘safer’ 
bet. This time around, though, it is not Dogecoin and Shiba Inu kickstarting 
the meme coin season and leading the charge. Instead, it was the likes of PEPE 
that had pumped on the Ethereum blockading, according to the analyst. The move 
to the Solana blockchain, Rexha explains, was the result of traders trying to 
chase new runners on a “cheap and fast” chain. However, with the advent of 
projects such as PumpFun sucking a fair amount of liquidity out of the market, 
the Solana ‘trenches’ have now mostly died out. Related Reading: Ripple 
Founder Pivots $1 Billion From XRP Fortune Into New Investment As the trend 
comes full cycle once again, the crypto analyst expects traders to move back 
to the meme coin that started it all, and that is PEPE in this place. Rexha 
calls this a “Return to Quality” on the Ethereum blockchain, predicting that 
PEPE’s second run will be similar to that of Shiba Inu’s second run. The 
analyst also warns that with this PEPE’s second run, traders will be lured 
back in with the hopes of having another run on other blockchains, such as a 
PumpFun “V2”. However, this is expected to be a “Final Extraction” event, so 
it is imperative that traders be careful when engaging with meme coins. 
Featured image from Dall.E, chart from TradingView.com

The Shiba Inu Of This Cycle: Analyst Shares Why It Is Better To Buy PEPE Now

The longer Bitcoin&#8217;s price stays flat, the bigger the move up could eventually 
be, according to a crypto analyst.

Bitcoin’s ‘no direction’ action may lead to heavier breakout: Analyst

On-chain data shows the large Bitcoin holders have been participating in a notable amount of loss realization recently, a sign of capitulation. Bitcoin Sharks &amp; Whales See High Values On Realized Loss Metric In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Realized Loss for the sharks and whales. The &#8220;Realized Loss&#8221; here refers to an indicator that measures, as its name suggests, the total amount of loss that BTC holders are realizing through their transactions. Related Reading: Ethereum Drops Nearly 5% As Familiar Leverage Setup Plays Out In the context of the current topic, the version of the metric that&#8217;s of relevance is the one tracking the transfers related to two specific investor cohorts: the sharks and whales. These groups cover the 100 to 1,000 BTC and 1,000 to 10,000 BTC ranges, respectively. As such, the only investors who would qualify for the sharks and whales would be the big-money hands. Recently, the market as a whole has seen some pain as bearish momentum has dominated the sector, leading to loss-taking selloffs among investors. The sharks and whales haven&#8217;t been any different in behavior, as the chart for their Realized Loss shows. As displayed in the above graph, the Bitcoin sharks and whales have observed the 7-day simple moving average (SMA) of their combined Realized Loss sit at significant levels recently. From the chart, it&#8217;s visible that the loss realization spiked to particularly high levels following the price crashes in November and February, indicating a pronounced degree of market pain surrounding the events. Today, the 7-day SMA of the Bitcoin Realized Loss for the sharks and whales has a value greater than $200 million per day. &#8220;Typical capitulation behaviour from larger entities,&#8221; noted the analytics firm. Historically, major capitulation phases have tended to pave the way for bottoms as coins tend to transfer from weak hands to more resolute entities during such events. It now remains to be seen whether the loss taking from big-money investors has been extreme enough for a bottom yet. In some other news, Bitcoin has nearly arrived at the halfway point to the next Halving, as Glassnode has highlighted in another X post. Halvings are events that permanently slash in half BTC&#8217;s block subsidy, the compensation that miners receive for adding the next block to the chain. Related Reading: Dogecoin Bollinger Bands Tighten—Big Move Brewing? Halvings occur about every four years, with the next such event currently estimated to occur in April 2028. Bitcoin will reach the halfway point to this event at block 945,000. At the moment, the chain is at block 943,495. How BTC&#8217;s block height has grown over its history | Source: Glassnode on X BTC Price Bitcoin has continued to consolidate recently as its price is trading around $67,000. Featured image from Dall-E, chart from TradingView.com

Bitcoin Sharks & Whales Capitulate: Realized Loss Exceeds $200M

Investor caution amid geopolitical tensions suggests a shift in capital 
allocation, impacting market sentiment and Bitcoin&#8217;s price outlook.
The post Bitcoin ETFs see $8.9M inflow as Ethereum leads with $71.1M on April 
4: FT appeared first on Crypto Briefing.

Bitcoin ETFs see $8.9M inflow as Ethereum leads with $71.1M on April 4: FT

Geopolitical tensions and regulatory uncertainties may hinder Bitcoin&#8217;s 
growth, requiring significant catalysts for substantial price increases.
The post Bitcoin ETFs see $8.9M inflows amid cautious market sentiment: FT 
appeared first on Crypto Briefing.

Bitcoin ETFs see $8.9M inflows amid cautious market sentiment: FT

Senator Richard Blumenthal has escalated his scrutiny of Binance, sending a 
follow‑up letter on April 1 to co‑CEO Richard Teng that presses the crypto 
exchange to explain apparent discrepancies between its testimony to the Senate 
and subsequent media reporting about transactions tied to Iran. The New Haven 
Democrat said he is concerned that Binance may have provided 
“misrepresentations or misleading information to the Subcommittee and to the 
public,” and he demanded documents and records the company relied on in 
preparing its earlier responses. Senate Probe Seeks Wallets, Transactions, And 
Answers Blumenthal’s letter comes after reporting by Fortune and The New York 
Times that traced roughly $1.7 billion in flows from Binance‑linked accounts 
to entities with ties to Iran, a far larger sum than the $110,000 figure 
Binance cited last year for direct transactions with four major Iranian 
exchanges. The senator said that gap, together with Binance’s partial or 
delayed production of materials requested by the Senate Permanent Subcommittee 
on Investigations (PSI), raised “further alarms about its candor and 
compliance with Congressional oversight.” Related Reading: New Bitcoin Crash 
Ahead? Bloomberg Strategist Forecasts Return To $10,000 – Here’s Why 
Blumenthal’s letter lays out a long list of specific questions and records 
requests. He asked Binance to disclose whether any accounts sent or received 
funds to or from a set of Iran‑linked wallets referenced in the reporting, and 
to provide the wallet addresses. He demanded a full, year‑over‑year accounting 
of transactions between Binance and known Iranian exchanges, and asked to 
explain the methodology it used to calculate the $110,000 figure, including 
whether it counted transfers that were later associated with Iranian 
exchanges. Blumenthal also pressed the crypto exchange on internal compliance 
practices. He asked whether Binance has removed, weakened, or relaxed any 
detection, screening, freezing, or reporting mechanisms since January 1, 2025, 
including tools designed to spot illicit indirect transfers. He sought clarity 
on whether Binance has ever declined to investigate, suspend, or remove 
accounts tied to individuals inside Iran — including those using VPNs or “drop 
accounts” (KYC‑verified accounts that are bought, shared, or stolen). 
Relatedly, he asked whether Binance had ever disciplined compliance staff who 
raised concerns internally or provided information to law enforcement or 
external partners, noting reports that Binance had dismissed personnel for 
“unauthorized disclosure.” Binance Given April 14 Deadline The senator further 
criticized what he characterized as delayed or inadequate action by Binance in 
response to law enforcement warnings. He said Binance took two months to 
respond to law enforcement regarding alleged terrorist financing by entities 
such as Hexa Whale and another two months to remove an implicated shell 
entity. He also alleged it took at least five months for Binance to remove 
Blessed Trust as a vendor after being warned about its role in suspected 
terrorist financing. Blumenthal wrote that Binance appeared, in some cases, to 
have labeled certain accounts with internal tags like “Don’t block. Internal 
accounts,” which he said should have signaled the need for heightened scrutiny 
rather than protection from enforcement. Related Reading: ICBA Opposes OCC’s 
Conditional Nod For Coinbase National Trust Bank Charter He asked for exact 
dates showing when the companies and people involved opened Binance accounts, 
started sending funds to Iranian intermediaries, were reported to US law 
enforcement, and when they were suspended or removed. The Senator also 
demanded explanations for any delays between being notified and taking action. 
Blumenthal invoked Senate rules and gave Binance until April 14 of this year 
to turn over records. Featured image from OpenArt, chart from TradingView.com

Senate Inquiry: Binance CEO Receives New Letter Amid Concerns Of Misrepresentations

Bitcoin ETFs offer more use cases for the average investor’s portfolio than a 
gold ETF does, according to ETF analyst James Seyffart.

Bitcoin ETFs ‘will be larger’ than gold ETFs: Analyst

The XRP price structure is not giving a clear bullish signal, and there are 
questions as to whether the current range will hold up and whether there&#8217;s 
going to be another leg down. Crypto analyst Hov, who has been tracking XRP&#8217;s 
structure on the weekly timeframe, laid out a detailed Elliott Wave count on X 
that identifies exactly where the price stands and what it needs to do in the 
coming sessions to avoid a more serious breakdown. XRP Wave Structure Is 
Sending A Warning Signal Crypto analyst Hov pointed out that the XRP price 
action coming off the recent lows lacks the kind of impulsive strength traders 
look for when a reversal is going on. Related Reading: The Last Time XRP Made 
This Move Against Bitcoin, It Led To A 500% Increase To $3.3 Hov&#8217;s chart, 
drawn on the weekly timeframe, traces out an expansive Elliott Wave sequence 
beginning from XRP&#8217;s 2018 cycle top through the corrective lows of 2019/2020, 
recovering across the 2021 bull cycle, and extending into the current setup. 
What the analyst observed is interesting: the XRP price action from the recent 
swing low is printing a series of threes, not a clean five-wave impulsive 
structure. In Elliott Wave theory, a sequence of three-wave moves is 
corrective by nature. It implies that the dominant trend may not have fully 
reversed and that price could still be responding to a larger downward cycle. 
The expectation earlier was that XRP would push into a fifth wave off the lows 
to confirm bullish intent. That move has not materialized. As long as the 
price structure is corrective, then there are risks of continuation to the 
downside. Major Price Levels To Watch As it stands, XRP has spent the past few 
days trading in a range between $1.30 and $1.35. This zone has acted as a 
pivot in recent price action, and losing it could lead to a deeper move lower. 
Hov specifically warned that a higher timeframe below this support would 
increase the likelihood of a breakdown. Related Reading: XRP Price Move Below 
$1: Analyst Warns That Another Crash Is Coming The 12-hour chart also shows a 
deeper support region closer to the $1.15 range, which is based on the 0.5 
Fibonacci retracement level. If the current level fails, that area becomes the 
next logical target. There is still room for the bullish scenario to play out, 
but the window is narrowing. &#8220;That doesn&#8217;t mean we can&#8217;t recover it just means 
we gotta do it quickly because we are just barely holding our key level on 
HTF,&#8221; Hov said. That important higher-timeframe level is visible in the chart 
as the lower boundary of a wide cyan support zone between $1.45 and $1.70. The 
bullish scenario will play out as long as the XRP price holds above the sub- 
wave 1 high from mid-2023, which is around $0.88. The first and more 
immediately bullish scenario requires XRP to reclaim the white box at $1.50 
and achieve a higher-timeframe close above it. A sustained close above this 
zone would set off the price action to $1.80. Featured image from Getty 
Images, chart from Tradingview.com

Will The XRP Price Crash Further From Here? Major Levels To Watch

The $500 billion valuation would put Tether ahead of every US bank except 
JPMorgan Chase, surpassing Bank of America and placing it among the world’s 
largest financial firms.

Tether may delay fundraising if demand falls short at $500B valuation: Report

Blockchain investigator ZachXBT has publicly accused Circle of failing to 
freeze stolen USDC as it moved through the company&#8217;s own cross-chain 
infrastructure during the $285 million Drift Protocol exploit on April 1, 2026 
— raising pointed questions about when and…

Circle Faces Heat From ZachXBT Over Inaction During $285M Drift Hack

The pushback highlights growing tensions between traditional banks and crypto 
firms, potentially impacting regulatory frameworks and consumer safety.
The post Banking group pushes back on Coinbase trust charter approval over 
consumer risks appeared first on Crypto Briefing.

Banking group pushes back on Coinbase trust charter approval over consumer risks

Tether may delay fundraising if investor demand falls short of its reported 
$500 billion valuation target, according to Friday press report.

Tether could pause raise if $500B target misses demand

Cambodia’s Senate approved a bill imposing prison terms and fines for crypto 
scam crimes, pending the king’s approval before it becomes law.

Cambodia backs tough jail terms for crypto scam operators

Washington is in a generous mood with its banks. In March, federal regulators 
unveiled a sweeping overhaul of capital requirements (the financial cushions 
that banks must hold to absorb losses in hard times), and the headlines wrote 
themselves: deregulation, relief, billions freed up for lending and buybacks. 
The proposal would cut the required capital for […]
The post US frees up billions for banks while quietly admitting SVB’s core 
failure never went away appeared first on CryptoSlate.

US frees up billions for banks while quietly admitting SVB’s core failure never went away

Elon Musk is requiring banks, law firms, and auditors competing for roles on 
SpaceX&#8217;s upcoming IPO to purchase subscriptions to Grok, his artificial 
intelligence chatbot — a mandate the New York Times reported Friday that some 
Wall Street firms have…

Musk Demands Wall Street Buy Grok AI Subscriptions to Work on SpaceX IPO

SpaceX has submitted a confidential draft registration to the U.S. Securities 
and Exchange Commission, targeting a $1.75 trillion valuation and a raise of 
up to $75 billion — what would be the largest initial public offering in 
financial history. The…

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Will The XRP Price Crash Further From Here? Major Levels To Watch