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An unidentified crypto whale took short positions with 8x leverage on XRP and 20x leverage on Ethereum on the decentralized platform HyperLiquid. Despite intense selling on XRP, absorption of sales could indicate a potential upward break. However, the short position opened by the HyperLiquid whale is seen as a signal of a possible downturn. Approximately $8 million of XRP positions were liquidated in the last 24 hours, with $5.8 million from long positions. XRP futures saw a significant increase in open position size, reaching $5.5 billion in the past week.

Bernstein analysts highlight three reasons behind Ethereum's recent surge: the growth of stable coins and tokenization, support from Layer 2 networks, and the closing of ETH short positions. These factors have propelled Ethereum to over $2700 with nearly 50% gains in a week.

The Ethereum Foundation announced the "Trillion Dollar Security" initiative aimed at elevating the security of Ethereum to a higher level.
As part of this initiative, the foundation aims to bring together billions of people, as well as companies, institutions, and governments on a single smart contract or application with 1 trillion dollars.

SEC Chairman Paul Atkins is working on regulations to support the crypto industry, focusing on token offerings, custody, and trading. He aims to create new rules for crypto compliance and provide more storage options for companies. Atkins also supports facilitating the listing and trading of cryptocurrencies on national securities exchanges.

US inflation data, lower than expected, impacts Bitcoin and crypto markets. Various factors such as decreased demand for plane tickets and hotel prices contributed to this dip. Despite some price increases in imported goods, overall market prices declined suggesting weak consumer demand. Traders anticipate two interest rate cuts by the Fed due to the current inflation trend.

Abraxas Capital, a London-based asset management company, purchased around 500 million dollars worth of Ethereum in less than a week. The recent surge in ETH price, surpassing $2700, is attributed to increased investor confidence post-Pectra update. Expert analyst Peter Brandt had previously highlighted a potential breakout in the ETH chart around $2300.

A Bitcoin wallet inactive for 11 years made a 300 BTC transfer worth $31 million. The wallet's value increased over 230 times due to the rise in BTC price. The owner and purpose of the transfer remain unknown, sparking curiosity among investors.

Market is anticipating today's release of US inflation data at 15:30 Turkey time to influence Fed's monetary policy. Expectations point to a 2.4% yearly rise in inflation for April, potentially impacting market risk appetite and asset prices.

Arizona Governor Katie Hobbs vetoed two crypto bills citing the market's volatility, while approving stricter regulations for crypto kiosk providers. She supports using cryptocurrencies safely but is cautious about their implications on public funds.

Nakamoto Holdings, founded by CEO David Bailey of crypto-focused media platform Bitcoin Magazine, merges with healthcare firm KindlyMD to establish a public Bitcoin treasury worth $710 million, the largest amount raised for a Bitcoin treasury. Post-merger, KindlyMD will continue healthcare operations while Nakamoto expands its Bitcoin-focused financial structure, strengthening their respective missions. The announcement resulted in KindlyMD's shares surging around 700%, reaching $31.44 from $3.90.

Güney Kore'deki iki büyük siyasi partiden başkanlık adayları, yaklaşan seçim öncesinde spot kripto ETF'lerine desteklerini açıkladı. Adaylar, zenginlik birikimini teşvik etmeyi, ekonomik fırsatlar sağlamayı ve adil ve şeffaf bir kripto piyasası garanti etmeyi amaçlıyor. Mali düzenleyiciler, seçim sonrası uygulama planlarını değerlendirecek.

Crypto funds received a net investment of 882 million dollars over the past week. According to CoinShares' weekly report, the total net investment amount has reached 6.7 billion dollars since the beginning of the year.
The report attributed the sharp increase in both prices and investments to three main reasons. These are; global M2 money

Metaplanet, a Tokyo-based investment firm, increased its total assets to 6,796 BTC by purchasing 1,241 Bitcoins, valued at $707 million. The company aims to reach 10,000 BTC by the end of the year, surpassing El Salvador's 6,174 BTC reserves. CEO Gerovich expressed ambitions to compete with nations in Bitcoin holdings.