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Bitcoin Breaks $78K as Iran’s Strait of Hormuz Reopening Triggers Global Risk Rally

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TLDR: Bitcoin surged 5.48% in 24 hours, reaching $78,058 after Iran reopened the Strait of Hormuz on April 17. Bitcoin’s Price Momentum indicator hit 62.19, confirming an Acceleration Trend with bulls firmly in market control. Exchange netflows recorded -2,275.894 BTC in outflows, pointing to strong institutional accumulation away from exchanges. Binance recorded $17.81M in short liquidations versus just $1.82M in longs, confirming a powerful derivatives short squeeze. Bitcoin surged past $78,000 on Friday, April 17, riding a wave of renewed global risk appetite. Iran’s reopening of the Strait of Hormuz sent Brent crude prices falling 12%, easing geopolitical tension. Wall Street responded with strong gains, pulling the crypto market higher. Bitcoin climbed 5.48% in 24 hours, reaching $78,058.14, as traders moved quickly to capture the upside momentum. Bitcoin’s Price Momentum Signals Accelerating Bull Trend The rally’s strength is backed by measurable technical data...
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Tennessee Moves Toward Bitcoin Reserve With Strict Rules on Public Fund Allocation

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TLDR: Tennessee bill allows up to 10% of public funds in Bitcoin with a strict annual purchase cap in place. The proposal mandates cold storage and multi-party custody to improve security of state-held Bitcoin assets. Only Bitcoin is permitted under the bill, excluding all altcoins from state investment strategies. On-chain proof of reserves is required to ensure transparency and public verification of holdings. Tennessee is moving closer to integrating Bitcoin into its public finance framework after a proposed reserve bill advanced to the Senate Finance Committee. The measure sets strict rules for allocation, custody, and acquisition, with a potential start date of July 1, 2026. Legislative Progress and Core Framework The Tennessee Strategic Bitcoin Reserve Act has progressed to the Senate Finance Committee, marking a key step in its legislative path. Lawmakers are now set to review the proposal on April 21, where further debate is expected. Crypto Patel brought attention t...
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Why Nvidia (NVDA) Stock Trades at a Discount Despite AI Dominance, Per Oppenheimer

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Key Takeaways NVDA shares gained 15% in the last month, though AMD rose 38% and Intel climbed 56% during the same timeframe. Rick Schafer from Oppenheimer maintains an Outperform rating on Nvidia with a $265 target, naming it his preferred semiconductor selection. The company’s Blackwell Ultra (GB300) NVL systems reportedly lead rivals by two product generations in AI processing. NVDA currently trades at 17x forward 2027 earnings projections, compared to the semiconductor sector’s 20x average multiple. Company revenues expanded from $27 billion in fiscal 2023 to approximately $216 billion in fiscal 2026, with analysts projecting $480 billion by fiscal 2028. Nvidia has delivered solid gains among chip manufacturers recently — though not the strongest. NVDA posted a 15% advance over the past month, while AMD rallied 38% and Intel soared 56%. This performance disparity has sparked investor questions, yet one Wall Street analyst suggests the gap shouldn’t cause concern. NVIDIA...
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DeFi Under Siege: 12+ Crypto Platforms Breached Following Drift Protocol’s $280M Loss

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Key Highlights A minimum of 12 cryptocurrency platforms have suffered security breaches following the Drift Protocol incident that resulted in $280 million in losses on April 1, 2026. Attackers exploited Rhea Finance’s Margin Trading functionality through fraudulent token contracts, resulting in $7.6 million in stolen assets. The Grinex trading platform, which has connections to Russia, experienced an outflow of approximately $15 million in USDT, subsequently converted into TRX and ETH. Several incidents show characteristics consistent with North Korean-affiliated threat actors employing artificial intelligence and credential theft tactics. DefiLlama reports indicate that 34 decentralized finance platforms lost more than $168.6 million during the first quarter of 2026. The cryptocurrency ecosystem has witnessed a sustained assault on its security infrastructure, with no fewer than 12 decentralized finance platforms and digital asset businesses falling victim to malicious explo...
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Schwab Crypto Launches Spot Bitcoin and Ethereum Trading in Phased Rollout

TLDR: Schwab Crypto launches spot Bitcoin and Ethereum trading in phased retail rollout across US clients Service charges 75 basis points per trade while integrating crypto into Schwab brokerage ecosystem Paxos provides OCC-regulated custody and execution infrastructure for Schwab Crypto trading system Schwab plans future expansion into additional cryptocurrencies and crypto transfer functionality support Charles Schwab has introduced Schwab Crypto, a spot trading service for Bitcoin and Ethereum aimed at retail investors.  The rollout will begin in phases over the coming weeks, starting with access to the two largest digital assets by market capitalization. The firm is integrating crypto trading directly into its brokerage ecosystem alongside existing investment tools. Schwab positions the service as a unified entry point for traditional and digital asset exposure. Schwab Crypto spot trading rollout targets Bitcoin and Ethereum access Schwab Crypto will initially suppo...
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Ethereum Price Prediction: Can ETH Reach $4,000 Again, While Pepeto Presale Looks Like ETH in 2015

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The ethereum price prediction just picked up a catalyst that shifts the math. The Ethereum Foundation launched a $1 million Audit Subsidy Program on April 14, partnering with Chainlink Labs and over 20 audit firms to cut security costs for builders according to CoinDesk. ETH jumped 8% to $2,313 the same day a ceasefire headline lifted the full crypto market. Pepeto, the presale exchange project from the cofounder who built Pepe into an $11 billion token, keeps pulling wallets that move before headlines hit. While the ethereum price prediction aims at $4,000, the 150x setup around Pepeto creates a direct fight for the same capital. Ethereum Price Prediction Picks Up Steam as the Foundation Doubles Down on Security The Ethereum Foundation rolled out its Audit Subsidy backed by a $1 million pool, letting builders access security reviews through Areta’s platform according to CoinDesk . The initiative introduced CROPS principles for censorship resistance, open source, privacy, and securi...
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CFTC Chair Mike Selig Says AI Offsets Crypto Staff Cuts

TLDR CFTC Chairman Mike Selig told lawmakers that AI tools help the agency maintain oversight despite a reduced workforce. About 25% of the CFTC staff has left since 2025 following federal workforce cuts. Selig said Microsoft Copilot supports internal workflows and investigations across the agency. The enforcement division seeks three additional staff positions but remains below 2025 staffing levels. Lawmakers questioned whether the CFTC has enough resources to oversee crypto and prediction markets. The U.S. Commodity Futures Trading Commission is expanding oversight of crypto and prediction markets despite fewer staff. Chairman Mike Selig told lawmakers that AI tools help maintain enforcement capacity. He said the agency continues rulemaking and investigations while operating with reduced personnel. AI Tools Support Oversight as Workforce Shrinks Selig told the House Agriculture Committee that AI supports surveillance and investigations. He said Microsoft’s Copilot assis...
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