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17 Apr 2026, 05:08

Schwab Crypto begins Bitcoin and Ethereum spot trading for US clients

🔥 Schwab Crypto unlocks spot trading for Bitcoin and Ethereum in the US. Clients can now trade $BTC and $ETH directly in their Schwab account. Continue Reading: Schwab Crypto begins Bitcoin and Ethereum spot trading for US clients The post Schwab Crypto begins Bitcoin and Ethereum spot trading for US clients appeared first on COINTURK NEWS .

17 Apr 2026, 05:03

The U.S. government moves $606,000 in bitcoin linked to the 2016 Bitfinex hack to Coinbase

Bitfinex plans to use the returned coins to redeem all Recovery Right Tokens and devote at least 80 percent of remaining net proceeds to repurchasing and burning its UNUS SED LEO token.

17 Apr 2026, 05:00

Solana-Based Drift Protocol Announces $150M Recovery Fund, New Token Following Tether Collab

Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly anticipated user recovery plan alongside Tether and other collaborators. This move follows the major exploit that drained $285 million from the project’s vaults two weeks ago. Related Reading: Bitcoin Double Bottom Formation Eyes $82,500 Rally – Breakout Or Rejection Next? Drift Protocol Secures $150M Recovery Fund On Thursday, Drift Protocol, the largest decentralized perpetual futures exchange on the Solana blockchain, announced a collaboration with Tether and other partners to establish a “structured recovery plan backed by up to nearly $150 million in combined support” and relaunch with USDT “at the center.” According to the announcement, the funds include a $100 million revenue-linked credit line, an ecosystem grant, and loans to market makers, all intended to finance a dedicated user recovery pool. As NewsBTC reported, the Solana-based DEX suffered an exploit that stole hundreds of millions of dollars from its vaults on April 1. The attack took around $285 million in multiple crypto assets and became the largest exploit of 2026 to date. During the initial phase of the collaboration, a significant portion of exchange revenue, together with committed support capital, will be intended to fund this recovery pool, Drift explained, noting that any stolen funds recovered would be contributed to the pool. In addition, Drift revealed that it will issue a new token for the affected users to “streamline distribution of recovery assets as well as provide liquidity opportunities for impacted users.” The token will be a dedicated recovery token, separate from the DRIFT governance token, that is intended to represent a claim on the recovery pool and will be transferable. Solana DEX Eyes Hardened Security Framework The Solana-based project shared that it will harden its security, passing each component through independent audits by OtterSec and Asymmetric Research before relaunching the protocol. It will also introduce a new community-governed multisig to manage core protocol assets, requiring all multisig signers to operate on dedicated signing devices with transaction content independently verified outside the primary signing interface before any signature is executed. This aims to prevent similar attacks on the project. It’s worth noting that the malicious actors gained unauthorized access to Drift Protocol by manipulating its multisig approvals using Solana durable nonces. “The attack involved unauthorized or misrepresented transaction approvals obtained prior to execution, likely facilitated through durable nonce mechanisms and sophisticated social engineering,” the project explained on its first report. Since then, Blockchain analytics firm Elliptic has identified multiple indicators suggesting that the exploit is linked to the Democratic People’s Republic of Korea (DPRK), while Drift has affirmed that the exploit was a six-month operation to infiltrate the protocol’s inner circle and compromise their devices. USDT Settlements ‘At The Center’ Of Drift The project also detailed that it will relaunch with Tether’s USDT for settlements. Tether reportedly proposed to extend a USDT support facility to designated market makers “to reinforce deep, liquid markets from day one.” “Drift’s decision to integrate USD₮ into the relaunch and recovery of a major trading venue on Solana reinforces Tether’s role as a reliable settlement asset within the Solana ecosystem,” Tether stated. The shift from USDC to USDT settlement represents a significant change, following Circle’s decision not to freeze the stolen USDC during the initial attack. Notably, the exploiter swapped $270.9 million of the stolen assets into USDC within hours, bridged them from Solana to Ethereum via the CCTP TokenMessengerMinterV2, and purchased 129,000 ETH, splitting them across multiple wallets. Related Reading: Bitmine’s Ethereum Holdings Hits 4% Supply Milestone After 71,524 ETH Buy At the time, multiple investors and on-chain investigators urged Circle to freeze the funds, with crypto sleuth ZachXBT slamming the stablecoin issuer for its repeated “inaction” over the past few years. Circle has since addressed the backlash, affirming that it does not act “unilaterally or arbitrarily” and freeze funds when “the law requires us to act.” Drift concluded that “this is the first step toward making users whole over time and toward building back stronger than where we were before.” Featured Image from Unsplash.com, Chart from TradingView.com

17 Apr 2026, 05:00

Ethereum ETF Momentum: Spot Funds Secure Sixth Straight Day of Robust Inflows

BitcoinWorld Ethereum ETF Momentum: Spot Funds Secure Sixth Straight Day of Robust Inflows In a significant display of sustained investor confidence, U.S. spot Ethereum exchange-traded funds (ETFs) recorded approximately $18 million in net inflows on April 16, 2025, marking a powerful sixth consecutive day of positive capital movement according to data from Farside Investors. This consistent trend underscores a growing institutional and retail appetite for regulated exposure to the world’s second-largest cryptocurrency. Ethereum ETF Inflows Signal Steady Demand The data reveals a nuanced picture of fund-level activity beneath the headline net figure. BlackRock’s iShares Ethereum Trust (ETHA) led the charge with a substantial single-day inflow of $30.5 million. Conversely, Grayscale’s Ethereum Trust (ETHE) experienced an outflow of $16.7 million, a pattern analysts often attribute to fee arbitrage as investors rotate into newer, lower-cost products. Notably, Grayscale’s newer, lower-fee Mini ETH product attracted $6.7 million, highlighting this very trend. Bitwise’s Ethereum Strategy ETF (ETHW) saw a minor outflow of $2.5 million. This daily snapshot provides critical insight into the competitive dynamics shaping the nascent spot Ethereum ETF market. Furthermore, the six-day inflow streak represents a pivotal stabilization phase following the products’ launch and initial volatility. Market participants now closely monitor whether this pattern indicates the beginning of a longer-term accumulation trend. The cumulative inflows over this period have begun to offset early outflows, contributing to a gradual increase in the total assets under management (AUM) for these funds. Consequently, this sustained interest bolsters the legitimacy of Ethereum as a core digital asset within diversified portfolios. Context and Impact on the Crypto Market The performance of spot Ethereum ETFs exists within a broader financial ecosystem. Their approval by the U.S. Securities and Exchange Commission (SEC) followed a protracted regulatory journey, drawing direct parallels to the landmark approval of spot Bitcoin ETFs in early 2024. These products provide a crucial bridge, offering traditional investors a familiar, regulated vehicle to gain exposure to Ethereum’s price movements without the technical complexities of direct custody. As a result, they serve as a key conduit for institutional capital entering the digital asset space. Expert Analysis on Market Structure Financial analysts point to several factors driving this inflow streak. First, the convergence of traditional finance (TradFi) and decentralized finance (DeFi) creates new demand vectors. Second, evolving macroeconomic conditions often influence asset allocation decisions toward alternative stores of value. Third, the specific flow data suggests a maturation of investor strategy, with clear preferences emerging for certain fund managers and fee structures. This behavior mirrors early patterns observed in the spot Bitcoin ETF market, where flows eventually consolidated around a few dominant providers. Moreover, the inflows have a tangible impact on the underlying market. Authorized Participants (APs) for these ETFs must purchase actual ETH to create new fund shares, creating direct buy-side pressure on cryptocurrency exchanges. This mechanism physically links ETF demand to the Ethereum network, potentially reducing circulating supply on exchanges and contributing to market liquidity and price discovery. Therefore, ETF flow data has become a fundamental metric for crypto market analysts worldwide. Comparative Performance and Future Trajectory When compared to their Bitcoin counterparts, spot Ethereum ETFs have experienced a different adoption curve. Their launch occurred in a distinct market environment with different investor perceptions regarding regulatory clarity and Ethereum’s technological utility. The consistent inflows, however, demonstrate that demand is not merely speculative but is building steadily. Industry observers will watch if this streak can challenge the record-setting early flows seen in Bitcoin ETFs. The road ahead involves several watchpoints. Regulatory developments, network upgrades like further Ethereum improvements, and broader equity market sentiment will all influence flow patterns. Additionally, the potential approval of ETFs offering staking yield could dramatically alter the value proposition and attract a new wave of income-focused investors. The current data provides a strong foundation, suggesting the products are successfully carving out their niche in the global financial landscape. Conclusion The sixth consecutive day of net inflows for U.S. spot Ethereum ETFs is a strong positive signal for the digital asset class. It reflects validated investor demand, market maturation, and the successful integration of cryptocurrency into mainstream finance. While daily flows will naturally fluctuate, the established trend of positive capital movement indicates a foundational shift in how Ethereum is accessed and held. As the data continues to unfold, these Ethereum ETF instruments will remain a critical barometer for institutional adoption and market health. FAQs Q1: What are spot Ethereum ETFs? Spot Ethereum ETFs are investment funds traded on traditional stock exchanges that hold actual Ethereum (ETH). They allow investors to gain exposure to ETH’s price without directly buying or storing the cryptocurrency themselves. Q2: Why did Grayscale’s ETHE have outflows while its Mini fund had inflows? This is typically due to fee differences. Grayscale’s ETHE has a higher management fee. Investors often sell shares of the higher-fee product and buy into the newer, lower-fee Grayscale Mini ETH fund or other competitors to reduce costs. Q3: How do ETF inflows affect the price of Ethereum? When an ETF has net inflows, its Authorized Participant must buy actual ETH on the market to create new fund shares. This buying activity can increase demand and potentially put upward pressure on Ethereum’s market price. Q4: What is the significance of a six-day inflow streak? A multi-day inflow streak suggests sustained, rather than fleeting, investor interest. It indicates building momentum and can signal that the ETFs are moving past initial launch volatility into a phase of steady adoption. Q5: How can I invest in a spot Ethereum ETF? You can buy and sell shares of spot Ethereum ETFs through any standard brokerage account, just like you would trade a stock or a traditional ETF. You need a brokerage account, not a cryptocurrency exchange account. This post Ethereum ETF Momentum: Spot Funds Secure Sixth Straight Day of Robust Inflows first appeared on BitcoinWorld .

17 Apr 2026, 04:55

Spot Bitcoin ETFs Achieve Crucial Third Day of Net Inflows, Signaling Renewed Institutional Confidence

BitcoinWorld Spot Bitcoin ETFs Achieve Crucial Third Day of Net Inflows, Signaling Renewed Institutional Confidence In a significant development for digital asset markets, U.S. spot Bitcoin exchange-traded funds (ETFs) secured a third consecutive day of net positive capital flows on April 16, 2025, according to verified data from Farside Investors. This sustained inflow streak, totaling approximately $26.1 million for the day, provides a crucial signal of renewed institutional and retail investor confidence following a period of market consolidation. The data reveals a complex picture of fund rotation, with clear leaders and laggers emerging among the eleven approved products. Spot Bitcoin ETFs Secure Third Consecutive Day of Net Inflows The April 16th data marks a pivotal shift in sentiment for these relatively new financial instruments. Consequently, analysts view three straight days of net inflows as a potential inflection point. Previously, flows had been inconsistent, often reacting sharply to Bitcoin’s price volatility. This new pattern suggests a maturing market dynamic. Furthermore, the cumulative effect of consistent buying pressure can provide underlying support for the Bitcoin price. The total net inflow figure of $26.1 million, while modest, represents a positive aggregate demand signal. Market participants closely monitor these daily flow reports. They serve as a real-time barometer for institutional appetite. The consistent positive trend reduces selling pressure on the underlying asset. Importantly, it demonstrates that these ETFs are functioning as intended. They provide a regulated, accessible conduit for capital into the cryptocurrency ecosystem. Analyzing the Fund-by-Fund Performance Data A detailed breakdown of the April 16th flows reveals a story of selective investment. BlackRock’s iShares Bitcoin Trust (IBIT) continued its dominant run, attracting a substantial +$81.7 million . This reinforces its position as the category leader in terms of total assets under management (AUM). Conversely, Fidelity’s Wise Origin Bitcoin Fund (FBTC) experienced an outflow of -$36 million . Similarly, Ark Invest’s ARKB saw redemptions of -$27.24 million . This divergence highlights active fund rotation. Investors may be consolidating holdings into the largest, most liquid funds. The entry of traditional finance giants also showed mixed results. Morgan Stanley’s offering, MSBT, posted a solid inflow of +$13.4 million . Grayscale’s converted GBTC fund, which carries a higher fee structure, recorded an outflow of -$23.3 million . However, its newer, lower-fee ‘Mini’ product attracted +$16.7 million , indicating a strategic shift within the same asset manager. ETF Ticker Issuer Net Flow (April 16) Key Detail IBIT BlackRock +$81.7M Category leader in AUM FBTC Fidelity -$36.0M Experienced notable outflows ARKB Ark Invest -$27.24M Faced investor redemptions MSBT Morgan Stanley +$13.4M Positive inflow for newer entrant GBTC Grayscale -$23.3M Higher fees likely a factor Grayscale Mini BTC Grayscale +$16.7M Lower-fee alternative saw inflows Expert Perspective on Market Structure and Fee Competition Financial analysts point to fee competition as a primary driver behind these flow patterns. The spot Bitcoin ETF market has rapidly become fee-sensitive. BlackRock’s aggressive fee waiver strategy for IBIT has clearly attracted assets. Conversely, Grayscale’s outflows from GBTC are widely attributed to its 1.5% fee, the highest in the cohort. The simultaneous inflow into its lower-cost ‘Mini’ product directly confirms this thesis. This competitive dynamic ultimately benefits investors. It pressures issuers to lower costs and improve product structures. Moreover, the data reflects a broader maturation of the cryptocurrency investment landscape. Institutional allocators are now making nuanced decisions. They are not simply buying ‘Bitcoin exposure’ but choosing specific vehicles based on issuer credibility, liquidity, and cost efficiency. This level of scrutiny is a hallmark of traditional finance. Its application to digital assets signifies a major step towards mainstream integration. The Broader Context and Historical Precedent To understand the importance of a three-day inflow streak, one must consider the historical context. The U.S. Securities and Exchange Commission (SEC) approved the first batch of spot Bitcoin ETFs in January 2024. Their launch was historic, ending a decade-long regulatory struggle. Initial flows were massive, followed by periods of volatility mirroring Bitcoin’s price swings. Therefore, sustained inflows independent of short-term price spikes indicate deeper, more strategic allocation. This trend also occurs amidst evolving macroeconomic conditions. Potential interest rate adjustments by the Federal Reserve can influence asset allocation. Digital assets like Bitcoin are increasingly viewed by some institutions as a potential hedge against currency debasement. While not a unanimous view, this narrative contributes to the long-term investment thesis supporting these ETF products. The consistent flows suggest a portion of capital is being deployed for strategic, rather than speculative, purposes. Potential Impacts on Bitcoin and the Crypto Ecosystem The direct market impact of ETF inflows is mechanistically clear. Authorized Participants (APs) for the ETFs must purchase actual Bitcoin to create new shares. This creates consistent, measurable buy-side pressure on cryptocurrency exchanges. Over time, this can reduce the available liquid supply of Bitcoin. A reduction in supply, coupled with steady demand, is a fundamental bullish indicator. However, analysts caution that ETF flows represent just one source of demand. The indirect impacts may be more profound. Legitimization through regulated ETFs attracts a new class of investors. These include: Registered Investment Advisors (RIAs) who can now allocate client funds. Retirement accounts (e.g., 401(k)s) seeking diversified exposure. Conservative institutions previously deterred by custody and regulatory concerns. This broadening of the investor base can reduce overall market volatility in the long term. It also increases the correlation between traditional finance and crypto markets. This interconnectedness is a double-edged sword, offering legitimacy but also introducing new transmission channels for systemic risk. Conclusion The third consecutive day of net inflows for U.S. spot Bitcoin ETFs on April 16, 2025, represents a meaningful data point for the digital asset industry. It signals a potential stabilization of investor interest following the initial post-approval frenzy. The detailed flow data reveals a competitive, fee-sensitive market where giants like BlackRock are consolidating assets. While challenges remain, including regulatory scrutiny and market volatility, this sustained demand through regulated vehicles underscores the ongoing institutionalization of cryptocurrency markets. The performance of these Spot Bitcoin ETFs will continue to serve as a critical gauge for mainstream financial adoption of digital assets. FAQs Q1: What are spot Bitcoin ETFs? Spot Bitcoin ETFs are exchange-traded funds that hold actual Bitcoin (the “spot” asset). They allow investors to gain exposure to Bitcoin’s price movements through a traditional brokerage account without needing to directly buy, store, or secure the cryptocurrency themselves. Q2: Why is a third day of net inflows significant? In financial markets, consecutive trends often signal a shift in sentiment. Three straight days of net inflows suggest building, sustained demand rather than a one-off reaction, indicating deeper conviction from investors allocating capital to Bitcoin through these regulated channels. Q3: Why did some ETFs have outflows while others had inflows? This is typically due to fund rotation and fee competition. Investors may move money from higher-fee ETFs (like Grayscale’s GBTC) to lower-fee alternatives (like BlackRock’s IBIT or Grayscale’s own Mini fund). It reflects investors becoming more selective within the ETF category. Q4: How do ETF inflows directly affect the Bitcoin price? When an ETF receives net inflows, its Authorized Participants must buy an equivalent amount of actual Bitcoin on the market to create new ETF shares. This purchasing activity creates direct buy-side pressure on Bitcoin’s price on cryptocurrency exchanges. Q5: Where can investors find daily Bitcoin ETF flow data? Several data analytics firms and financial news platforms track this data. A primary source cited by many institutions is Farside Investors, which provides detailed, daily net flow figures for each U.S. spot Bitcoin ETF. This post Spot Bitcoin ETFs Achieve Crucial Third Day of Net Inflows, Signaling Renewed Institutional Confidence first appeared on BitcoinWorld .

17 Apr 2026, 04:50

US Dollar Index Holds Steady Above 98.00 Amid Precarious Middle East Ceasefire

BitcoinWorld US Dollar Index Holds Steady Above 98.00 Amid Precarious Middle East Ceasefire The US Dollar Index (DXY) demonstrated remarkable resilience in early trading sessions, maintaining its position firmly above the critical 98.00 threshold. This stability emerges directly from a fragile and tenuous ceasefire agreement in the Middle East, which has injected significant uncertainty into global currency markets. Traders and analysts globally now scrutinize every development, understanding that geopolitical tremors in the region can swiftly translate into volatility for the world’s primary reserve currency. US Dollar Index Charts Show Cautious Stability Technical analysis of the DXY charts reveals a market in a holding pattern. The index consolidated within a narrow band just above the 98.00 support level, a key psychological and technical barrier. This price action suggests traders are adopting a wait-and-see approach, reluctant to make large directional bets until the geopolitical situation clarifies. Furthermore, trading volume remained slightly below average, indicating a lack of conviction among major market participants. Several key technical indicators reflect this caution: Moving Averages: The 50-day and 200-day simple moving averages are converging, signaling potential consolidation. Relative Strength Index (RSI): The RSI hovered near 50, indicating a neutral momentum bias without clear overbought or oversold conditions. Bollinger Bands: Price action remained near the middle band, confirming the lack of a strong trend. Historically, the DXY has shown sensitivity to Middle East conflicts due to the dollar’s role as a safe-haven asset. However, the current ceasefire, however fragile, has temporarily suspended the typical flight-to-safety dynamic. Market participants now weigh the probability of a lasting peace against the risk of a swift collapse in negotiations. Geopolitical Context of the Fragile Ceasefire The ceasefire follows weeks of intense diplomatic efforts led by a coalition of international mediators. Previous conflicts in the region have consistently triggered volatility across asset classes, particularly affecting oil prices and, by extension, currency valuations. A stable dollar often correlates with reduced global financial stress, but its strength can also pressure emerging market currencies and commodities priced in USD. The current agreement remains precarious, with several core issues unresolved. Analysts from major financial institutions, including those cited in recent Bloomberg and Reuters reports, highlight that the ceasefire lacks enforceable mechanisms and relies heavily on continued goodwill from all parties. This inherent fragility explains the market’s hesitant response; the DXY’s stability is not a sign of confidence but of suspended judgment. Expert Analysis on Forex Market Implications Senior currency strategists emphasize the multi-faceted impact. “The DXY’s flatlining is a classic risk-neutral stance,” noted a lead analyst from a global investment bank. “Markets have priced in the ceasefire announcement but are assigning a high probability premium to its potential failure. Consequently, we see support for the dollar from lingering safe-haven demand, capped by selling pressure from those betting on reduced global tensions.” This creates a complex environment for other major currencies. The Euro and Japanese Yen, often inversely correlated with the DXY, also traded in tight ranges. Meanwhile, commodity-linked currencies like the Canadian and Australian dollars showed muted reactions, as oil and metal prices stabilized tentatively. The table below summarizes the immediate reaction of major currency pairs to the DXY’s position: Currency Pair Price Reaction Primary Driver EUR/USD Minimal Change Balanced Dollar Sentiment USD/JPY Slight Uptick Modest Yield Advantage GBP/USD Minor Decline Local Economic Data Override AUD/USD Sideways Drift Stable Commodity Prices Looking forward, the trajectory of the US Dollar Index depends heavily on incoming data and geopolitical developments. The Federal Reserve’s monetary policy path remains a dominant fundamental factor. However, in the short term, the ceasefire’s durability will act as the primary catalyst. A breakdown in negotiations would likely trigger a sharp rally in the DXY as capital seeks safety. Conversely, a strengthening peace process could see the index test support levels below 98.00 as risk appetite improves. Conclusion The US Dollar Index’s stability above 98.00 serves as a real-time barometer of market sentiment toward the fragile Middle East ceasefire. This equilibrium is deceptive, masking underlying tensions and a high degree of conditional pricing. For traders and investors, the current environment demands heightened vigilance toward geopolitical headlines and disciplined risk management. The DXY charts, therefore, tell a story not of calm, but of a market holding its breath, awaiting the next chapter in a volatile geopolitical narrative that continues to shape global forex dynamics. FAQs Q1: What is the US Dollar Index (DXY)? The US Dollar Index is a measure of the value of the United States dollar relative to a basket of six major world currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and Swiss Franc. It provides a broad indication of the dollar’s international strength. Q2: Why does a Middle East ceasefire affect the US Dollar? The US dollar is considered a primary safe-haven currency. Geopolitical instability, especially in oil-producing regions like the Middle East, often drives investors to buy dollars for safety. A ceasefire reduces immediate risk, potentially weakening this demand, but a fragile agreement keeps the safe-haven bid partially in place. Q3: What does the 98.00 level signify for the DXY? The 98.00 level is a significant psychological and technical support/resistance zone. A sustained break above or below this level can signal a stronger directional trend, while holding near it indicates market indecision and consolidation. Q4: How do forex traders use DXY charts? Traders analyze DXY charts to gauge the dollar’s overall trend, which influences trading decisions for all USD-based currency pairs. Technical patterns, support/resistance levels, and indicators on the DXY chart provide context for moves in pairs like EUR/USD or USD/JPY. Q5: What other factors influence the DXY besides geopolitics? The most significant factors are US economic data (like inflation and employment reports), the monetary policy decisions and forward guidance from the Federal Reserve, and the relative economic strength and interest rates of other major economies like the Eurozone and Japan. This post US Dollar Index Holds Steady Above 98.00 Amid Precarious Middle East Ceasefire first appeared on BitcoinWorld .