Invest ideasNews
24 Apr 2026, 10:01
Dogecoin open interest hits $1.1 billion as spot activity drops
🚀 Dogecoin open interest hits $1.1 billion as spot trading falls. Social media and network activity for $DOGE have sharply declined. 📊 Critical data shows leverage is driving the price action. Continue Reading: Dogecoin open interest hits $1.1 billion as spot activity drops The post Dogecoin open interest hits $1.1 billion as spot activity drops appeared first on COINTURK NEWS .
24 Apr 2026, 10:00
Bitcoin Could Survive Sale Of Satoshi’s Coins, On-Chain Expert Says
On-chain analyst James Check has pushed back against claims that a quantum-enabled sale of Satoshi-era Bitcoin would represent an existential market shock, arguing that the likely sell-side pressure is far smaller than the headline numbers suggest. In an April 23 report titled “Selling Satoshi’s Stack,” Check examined the debate over whether Bitcoin should freeze quantum-vulnerable coins if a cryptographically relevant quantum computer, or CRQC, becomes viable. The discussion has intensified around older Bitcoin outputs whose public keys are exposed, including coins from Bitcoin’s earliest years that many market participants associate with Satoshi Nakamoto. Bitcoin Quantum Fears Over Satoshi’s Coins Overblown? Check’s central argument is not that quantum risk should be ignored. He said Bitcoiners should support “the debate, development, and preparation” of credible post-quantum solutions. But he rejected the idea that vulnerable coins automatically translate into a market-ending sell event. “Quantum bulls often quote the 6.9M vulnerable coins as being a sword of Damocles that threatens to kill Bitcoin should a CRQC ever come to market,” Check wrote. “As with most things, there is a tonne of lost nuance, and the devil is absolutely in the details.” According to the report, roughly 6.934 million BTC currently fall into categories that could be vulnerable to long-range quantum attacks because their public keys are exposed. That includes 1.716 million BTC in Satoshi-era P2PK outputs , 214,000 BTC in Taproot addresses, and about 4.996 million BTC held in reused addresses. Check argues that the full 6.934 million BTC figure is best understood as a theoretical upper bound rather than a realistic market-risk estimate. Taproot is relatively new, he noted, meaning many owners are likely still active and able to migrate. Reused addresses, meanwhile, likely include large volumes managed by exchanges, custodians, ETFs and other entities with both the incentive and capacity to upgrade when post-quantum paths become available. “The real risk are the 1.716M Satoshi Era P2PK coins, which many liken to a sunken galleon full of gold, there for the taking if the lock can be pried open,” Check wrote. Even under a severe assumption that all 1.716 million P2PK coins are stolen and sold, Check said the market impact would likely be significant but not fatal. He compared the haul against revived supply, URPD shifts, exchange deposits and trading volumes, finding that the full P2PK balance is broadly equivalent to about 60 to 90 days of sell-side activity seen in Bitcoin bull markets or late-stage bear-market capitulations. “There is no doubt that a QC attacker selling all the P2PK coins would negatively impact the price. It probably creates a bear market. However, where will, I push back strongly, is it is nowhere near the ‘end-of-days’ fatal sell-side many quantum bulls in the debate seem to claim.” Check pointed to revived supply, which measures coins held for at least six months that are spent on a given day, as one lens for estimating Bitcoin’s ability to absorb older supply. He said a baseline of roughly 10,000 BTC per day is typical even in bear-market conditions, while bull-market profit-taking can push revived supply above 20,000 to 30,000 BTC per day. On that basis, the sale of Satoshi-era P2PK coins would represent a large but not unprecedented demand test. Check also cited recent 90-day cost-basis turnover, arguing that more than 2.3 million BTC had moved to new buyers between $60,000 and $80,000 since the Feb. 5, 2026 sell-off, exceeding the P2PK balance by 1.36 times. The report also discusses the proposed “hourglass” compromise in the BIP-360 debate , under which miners could include no more than one P2PK output per block. With about 38,000 P2PK outputs, Check estimated that such a mechanism would take roughly 264 days to fully exhaust the set, roughly in line with an optimistic post-quantum migration timeline for the broader Bitcoin network. For Check, the quantum debate ultimately goes beyond market mechanics. The sell-side argument, he suggests, is weaker than often claimed; the harder question is whether Bitcoin should preserve property rights even when old coins become vulnerable, or intervene before someone else can take them. “To the folks who claim we MUST freeze the coins because of the sell-side, I’d encourage you to put some numbers to your claims,” he wrote. “Instead, the actual thrust of this debate is around the principles of what Bitcoin is.” At press time, BTC traded at $77,869.
24 Apr 2026, 10:00
Riot unloads $38.95 mln in Bitcoin – Will this make BTC fail at $78K?
Bitcoin approaches $78K, but Riot's selling raises near-term resistance pressure.
24 Apr 2026, 10:00
Bitcoin Recovery May Not Arrive Until October, Scaramucci Says
Anthony Scaramucci said Bitcoin may not see a meaningful recovery until October or November, arguing that the current drawdown still fits the asset’s historic four-year cycle despite a more favorable regulatory backdrop in Washington. Speaking on the Thinking Crypto podcast from the Solana Policy Summit, the SkyBridge Capital founder framed the market weakness as a cyclical bear phase rather than a structural break. He said investors had expected a stronger policy-driven rally after the change in US administration, but that whales and long-time holders have continued to sell into ETF-driven demand. “I’m old school. I’ve been in the category that this is a cyclical bear market traditional to the four-year cycle of Bitcoin,” Scaramucci said. “You’ve just crossed the halfway mark of the halving and so you’re on your way to the back half of this thing. You typically don’t get any type of real recovery until the first quarter of next year.” Related Reading: Bitcoin Enters Disbelief Phase As Traders Keep Shorting The Rally Scaramucci added that Bitcoin’s timeline may have been slightly accelerated by macro factors, including President Donald Trump’s tariff-related messaging and geopolitical conflict. Still, he said Bitcoin has remained “fairly sticky” during the war period referenced in the interview. “You probably won’t see a recovery in Bitcoin until maybe the first month of the last quarter,” he said, pointing to “October possibly November” as a more realistic window. Why Bitcoin ETF Demand Has Not Been Enough The comments address a central frustration across the crypto market: why prices have failed to respond more forcefully to a pro-crypto administration, institutional ETF access, and improving legislative momentum. According to Scaramucci, the answer lies partly in supply. ETF activity has brought new buyers into Bitcoin, including older investors using traditional brokerage channels, but that demand has met heavy distribution from whales and early holders. “You’re still seeing a lot of Bitcoin buying. A lot of boomers are buying Bitcoin, but it’s just not enough,” he said. “You got whales that are selling into the — the OGs in this industry believe in the four-year cycle. And so what they do is they fulfill the prophecy of the four-year cycle by acting on the four-year cycle and selling.” He said whales were “pumping lots of coins into the supply at around $100,000,” which in his view contributed to Bitcoin falling into the high $60,000s. Scaramucci also tied Bitcoin’s next phase of institutional adoption to US market-structure legislation, especially the Clarity Act. He argued that the idea Bitcoin is “valueless” is now “completely off the table,” but said banks are unlikely to move aggressively without clearer rules. “If you don’t get the Clarity Act legislation passed, you’re not going to get the banks to really open up,” he said. He cited experimental custody programs at Bank of New York and SoFi, while arguing that real adoption requires major money-center banks to offer custody, yield, and borrowing against Bitcoin on more competitive terms. Until then, he said, investors will not see “real full-throated adoption.” Related Reading: Bitcoin Bulls Rebuild As Futures Metric Hits 4-Month High Scaramucci also criticized the political and lobbying dynamics around stablecoin yield and crypto legislation. He said banks are pushing back because of their entrenched market position, while warning that holding out for a perfect bill could delay progress. “I’m a little bit more practical. I probably would have tried to get something done and I would not make the perfect deal the enemy of progress,” he said. “The best example I can give you is the Bitcoin ETF. Gary Gensler hates us. He did not want that to happen. He lost the lawsuit, so he was forced to have it happen.” Bitcoin Reserve Debate Still Politicized On the question of whether the US government should hold Bitcoin in strategic reserves, Scaramucci said yes, but only if the issue can move beyond partisan framing. “It’s very hard to hold Bitcoin in a strategic reserve if it’s a partisan issue,” he said. “If we can get this to be a transformative post-partisan what’s right or wrong for the country, what’s right or wrong for the American taxpayer, then the answer is yes.” He said he would not aggressively push the issue before broader consensus forms, instead favoring an approach where government-held Bitcoin from legal actions is retained rather than sold. He also said he was unsure whether the US government had completed an audit of its Bitcoin holdings. At press time, BTC traded at $77,844. Featured image created with DALL.E, chart from TradingView.com
24 Apr 2026, 10:00
Mantle Proposes 30,000 ETH Loan to Aave After Kelp DAO Hack
The proposal would structure the funds as an interest-bearing loan with a term of up to 36 months and collateral requirements for Aave. The bad debt was created after attackers minted 116,500 rsETH through a compromised Kelp DAO bridge and used around $221 million of the stolen assets as collateral on Aave V3 to borrow WETH and wstETH. Mantle Offers 30,000 ETH to Help Aave Mantle Network, an Ethereum Layer 2 project backed by Bybit, proposed a major financial support package to help Aave DAO recover from the fallout of the recent $292 million Kelp DAO exploit. The proposal is known as MIP-34, and was submitted by Mantle’s Core Contributor Team. It will allow the Mantle Treasury to lend up to 30,000 ETH to Aave DAO. The funds would be used specifically to cover bad debt that was created on Aave V3 after the exploit involving rsETH, a liquid restaking token connected to Kelp DAO. Part of Mantle’s MIP-24 proposal According to the proposal, Mantle will not simply hand over the funds, but instead structure the arrangement as a yield-generating credit facility. Mantle Treasury would earn interest on the loan, turning otherwise idle assets into productive capital. The suggested interest rate would be based on Lido’s staking APR plus an additional 1% premium, though final terms would still need to be negotiated. The proposed maturity period is up to 36 months, and Aave would be able to repay the loan early without penalty. Mantle also shared details about several safeguards to reduce risk. The loan would be secured through a multisignature wallet designated by Mantle, where it would hold first-priority rights over the collateral. In addition, Aave would be required to commit 5% of its protocol revenue and AAVE tokens worth at least $11 million as collateral. If Aave defaults, Mantle would have the right to demand immediate repayment. Bybit CEO Ben Zhou publicly backed the proposal by saying the crypto industry should support one another during times of crisis. He referenced Bybit’s own past security incident, and pointed out that the community offered assistance then. The crisis began on April 18 when attackers exploited Kelp DAO’s LayerZero-powered cross-chain bridge. Around 116,500 rsETH tokens were fraudulently minted, worth roughly $292 million. This made it the largest decentralized finance exploit of the year so far. LayerZero said the attackers, likely linked to North Korea’s Lazarus Group, compromised two RPC nodes and used a DDoS attack to trick the bridge’s verification system into approving a fake message. The damage quickly spread to Aave when the attacker used approximately $221 million in stolen rsETH as collateral on Aave V3, borrowing 82,650 WETH and 821 wstETH. This left Aave facing a massive bad debt problem.
24 Apr 2026, 09:51
Toncoin (TON) And Worldcoin (WLD): With Messaging And ID Apps Adding Wallet Features, Do TON And WLD Drive A “Social + Identity” Leg Or Hit Regulatory Pushback?
As of mid-April 2026, the "Social + Identity" narrative is reaching a fever pitch. With major messaging platforms finally flipping the switch on native wallet integrations and digital ID protocols becoming the gatekeepers for AI-verified human interaction, Toncoin (TON) and Worldcoin (WLD) find themselves at the center of a massive capital rotation. However, the charts suggest we aren't in a "moon mission" just yet. While TON is carving out a sophisticated payments-social uptrend, WLD remains a high-beta wild card, sensitive to every headline from global privacy regulators. Toncoin (TON): Stronger Social + Payments Trend Source: tradingview TON is currently the poster child for "Social L1" adoption. By leveraging its deep integration with the Telegram ecosystem, it has successfully transitioned from a speculative asset to a functional payments rail for millions of mini-apps. Technical Verdict: TON is showing the structure bulls love to see. It is currently trading above its 7-day and 30-day moving averages, indicating that short-term and medium-term momentum are aligned. While it remains below its 200-day SMA, the MACD is decisively positive. Our Analysis: The RSI-14 at 55–65 is the "sweet spot"—it shows consistent buying pressure without the "blow-off" exhaustion that leads to 40% crashes. As long as it holds the 30-day support on dips, TON remains the primary anchor for the social finance trade. Worldcoin (WLD): High‑Beta Identity Bet With Fragile Structure Source: tradingview WLD is a different beast entirely. While its "Global Digital ID" story is perfect for the 2026 AI era, its technical structure is more fragile. Every rally seems to run into a wall of regulatory scrutiny or concerns over biometric data privacy. Technical Verdict: Structurally, WLD is still in a "repair" phase. It is currently attempting to base after a massive drawdown, but it remains far below its 200-day average. Unlike TON, WLD’s MACD flips frequently, suggesting that the market treats it as a news-driven trade rather than a structural hold. Our Analysis: For WLD to lead, it needs to prove it can sustain price levels above its 30-day average for more than a few days at a time. Right now, it looks like an "identity leg" play that pops on good news but lacks the sticky liquidity to hold its gains. Conclusion: Driving the Leg or Hitting the Wall? The "Social + Identity" leg of the 2026 cycle is currently being led by TON , which offers a cleaner trend and real-world payments utility. WLD provides the narrative torque for those betting on the biometric future, but it carries a significantly higher regulatory "handicap." For this to become a confirmed market leadership cycle, we need to see both assets reclaim their 200-day moving averages. Until then, keep an eye on the 30-day SMA; as long as the apps keep adding features and the price stays above that line, the narrative lives to fight another day. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
