Из жизни альткоинов

Bitcoin’s latest rebound has not done much to settle the argument among crypto analysts over where this cycle really is right now. 

A technical analysis posted on X claims the market is once again tracing the same structure seen in prior bear phases, only this time with a slower tempo, deeper institutional involvement, and a more controlled trading environment. However, the outlook of this analysis is that the downtrend is still not complete.

Familiar Bitcoin Script Is Showing Up Again

The concept of the analysis is that the Bitcoin price keeps moving through the same emotional and structural framework from one cycle to the next. In that framework, the Bitcoin price first pushes into a parabolic advance, then enters distribution, suffers a violent break lower, stages a misleading recovery, and eventually grinds into a final capitulation. 

That is the same pattern that appeared in 2018 and again in 2022, and in this reading, 2026 is now occupying the same late-stage position, only on a larger scale and with lower volatility.

That timing element is important, and it supports an extended bearish case in the months to come. History shows prior cycle bottoms formed a year after the all-time high, not immediately after the first large drawdown. By that logic, the Bitcoin price may still be too early in the process for a lasting bottom, especially if this cycle peak is treated as the October 2025 high at $126,080.

Where Does Bitcoin Go From Here?

The technical structure is only part of the case. Technical analysis from a crypto analyst known as BLADE on the social media platform X leaned on on-chain signals, particularly long-term holder stress and NUPL, to argue that the reset is incomplete. 

Glassnode’s Net Unrealized Profit/Loss measures whether the network is sitting on aggregate paper profits or losses. The farther it moves from zero, the closer the market tends to get to major extremes. What this means is that true cycle lows usually arrive when investors are much deeper in pain, and sentiment has turned miserable.

CryptoQuant said on April 1 that Bitcoin spot demand is still in deep contraction despite growing institutional buying. This means that the market’s internal strength has not fully caught up with headline demand from large allocators, and the Bitcoin price might continue to struggle until it does.

There’s also an interesting template that Bitcoin might follow based on its previous two major bear markets. The 2017 bull run peaked and gave way to a bear market that ultimately caused an approximately 84% drawdown from top to bottom. The 2021 cycle followed a similar script, with Bitcoin’s top-to-bottom decline ending at about 77%.

At current prices around $74,680, Bitcoin is trading 40.8% below that October top, which means there could be more downside ahead. Furthermore, previous bear market bottoms arrived about 360 to 370 days after the prior cycle’s peak. This sequence would point to a potential cycle bottom somewhere in Q3 or Q4 2026.

A U.S. Senator might unveil a “compromise draft” aimed at settling the crypto-stablecoin yield dispute in the forthcoming CLARITY Act.

Another Update On The Crypto Legislation

Republican U.S. Senator Thom Tillis (R-N.C.) claimed this Monday he aims to unveil a draft deal this week to break the stalemate over stablecoin yield between banks and crypto firms. According to Politico, he has been collaborating with Sen. Angela Alsobrooks (D‑Md.) on new CLARITY Act language designed to finally settle whether crypto companies can pay interest on idle stablecoin holdings.

According to the report, the text has already been shared with both banking groups and crypto firms. Banks still oppose key elements, the report says, and Tillis has left room for changes.

The already long-standing yield dispute is the main roadblock keeping the landmark CLARITY Act stuck in the Senate, even after the House passed its version last year. Although the GENIUS Act that was passed last year prohibits stablecoin issuers from paying interest directly to holders, it still allows third‑party platforms like exchanges to offer yield.

At the beginning of the month, Coinbase’s chief legal officer Paul Grenwal suggested that negotiators in the Senate were “very close” to a deal on the CLARITY Act’s most contentious crypto issue: the stablecoin yield.

The Stablecoin Yield Dispute

Let’s remember the dispute lays on the fact that yield-bearing stablecoins compete directly with traditional bank deposits because they offer dollar-denominated assets that can move instantly on-chain while still paying attractive returns, thus making them a compelling alternative to savings and money-market accounts.

Banks fear this could drain deposits that fund their lending and investment activities, especially from younger and more digitally native customers who are comfortable holding value in tokenized form. As a result, they push for strict limits or outright bans on interest-like payments to stablecoin holders, arguing that such products should be regulated like banking and that unchecked yield could undermine financial stability and their core funding base.

From the crypto side, however, yield on parked stablecoin balances is seen as a fundamental feature: it’s one of the main ways exchanges and DeFi platforms attract and retain users by turning idle cash into a revenue-generating product. These returns help differentiate on-chain dollars from traditional bank accounts, support token incentive programs, and deepen liquidity across lending markets, perpetuals, and automated market makers.

For many platforms, cutting off or sharply limiting stablecoin yield would hit their core business model, weaken DeFi integrations, and make it harder to compete for global capital that can move to more permissive jurisdictions with a few clicks.

What This Means For The Market

Lately, the emerging policy line seems to be in the direction of no “passive” yield for idle balances, but possible rewards tied to payments, transfers, and other “active use”. Tillis’ compromise draft is meant to codify around it, clarifying what counts as prohibited interest versus allowed activity-based rewards.

The way the U.S. defines stablecoin yield will shape dollar competition with foreign central bank digital currencies (CBDCs) and offshore stablecoin venues that still offer yield. U.S. exchanges may have to pivot to activity-based “rewards” and offshore platforms could attract yield-chasing capital.

Any final text will heavily influence stablecoin APY, liquidity, and where serious traders park their dry powder.

Cover image from Perplexity. BTCUSDT chart from Tradingview.

Wall Street’s biggest bank wants to make money off Bitcoin — without actually owning any.

Goldman Sachs: A Different Kind Of Bitcoin Play

Goldman Sachs has filed paperwork with the Securities and Exchange Commission for a Bitcoin Premium Income ETF, a fund designed to give investors Bitcoin exposure while generating regular income through options trading.

The bank plans to put at least 80% of the fund’s assets into products tied to Bitcoin’s price — including shares of existing spot Bitcoin ETFs and options on those funds — rather than buying Bitcoin outright.

To produce income, Goldman intends to sell call options on Bitcoin ETF holdings at a premium. That strategy lets the fund collect fees from options buyers. The tradeoff is a cap on how much upside investors can capture if Bitcoin’s price shoots higher.

The Second Bank To Make A Move

Goldman’s filing comes on the heels of a similar push from Morgan Stanley, which launched its own spot Bitcoin ETF last week — making it the first bank-issued Bitcoin ETF on record.

Goldman Sachs is now the second major bank to enter this space, though its product takes a different approach. Morgan Stanley went the direct route with a spot fund. Goldman is building around options and indirect exposure.

SHOCK: Goldman jumping into the bitcoin ETF game.. with a filing for a Bitcoin Premium Income ETF pic.twitter.com/WszEIrQ2tV

— Eric Balchunas (@EricBalchunas) April 14, 2026

The filing landed as Bitcoin was already making a move. The leading cryptocurrency climbed as high as $76,000 on the day Goldman’s registration statement was submitted to the SEC, before pulling back to around $75,000.

Goldman Sachs: What The Filing Covers

According to the SEC document, the fund may hold spot Bitcoin ETF shares and Bitcoin ETF options directly. Goldman noted in its prospectus that the fund’s income-generating mechanism centers on selling covered call options against those holdings.

That kind of structure is already common in equity income funds, but applying it to Bitcoin marks a relatively new direction for a bank of Goldman’s size.

No fee details or a launch date have been disclosed. The SEC has not yet approved the fund. Goldman Sachs manages roughly $3.6 trillion in assets across its operations.

The filing adds to a broader wave of institutional involvement in Bitcoin-linked investment products. With two of Wall Street’s largest banks now formally in the game, the push to bring Bitcoin into mainstream finance through regulated vehicles shows no sign of slowing.

Featured image from Michael Nagle/Bloomberg/Getty Images, chart from TradingView

XRP is recording unusually high trading volume while its price remains largely unchanged, creating a clear disconnect between activity and price movement. With billions of dollars flowing through the asset as it trades sideways near $1.37, attention is shifting from price action to what this surge in participation reveals about current market behavior and what may come next.

Understanding What The XRP Volume Surge Represents

The recent spike in XRP’s trading volume is not just a numerical increase; it reflects how market participants are engaging with the asset at this stage. On April 11, 2026, analyst Xfinancebull pointed to a significant imbalance between derivatives and spot activity, with futures volume reaching $1.74 billion compared to $295 million in spot trading, alongside a market capitalization of about $82.43 billion.

This contrast highlights a market that is active, but not in a straightforward way. Futures markets are typically used by traders positioning ahead of expected price movement, rather than reacting to immediate changes. The fact that such high derivatives activity is taking place while the price remains steady suggests that participants are preparing for a move—either up or down—rather than simply buying and holding the asset.

The exchange heatmap included in the data further supports this. Volume is spread across major global platforms, led by Binance at approximately $893.59 million and Coinbase at $576.69 million. Other exchanges such as Bybit, OKX, and Gate each contribute over $190 million, while Kraken, Bitget, Crypto.com, and Bitstamp add further depth. This widespread participation shows that the surge is not isolated, but instead reflects consistent activity across the broader market.

How Sustained Volume Could Shape Market Direction

The key implication of this sustained volume lies in what it reveals about market behavior during a stable price phase. When high volume comes in without moving the price, it usually means accumulation and distribution are happening at the same time. Some participants are buying heavily, while others are selling into that demand, keeping prices steady.

This behavior often happens before a breakout. Once one side, either the buyers or the sellers, runs out of supply or demand, the price typically moves sharply in the direction of the stronger side.

At the same time, the relatively lower spot volume compared to futures trading introduces an element of caution. It indicates that while traders are actively positioning through derivatives, full commitment in the underlying asset remains measured. This balance helps explain why the price continues to move sideways despite the scale of activity behind it.

Overall, the spike in XRP volume means the market is preparing for a significant move. Large amounts of capital are already in play, positions are being built across multiple exchanges, and leverage is high. The only missing piece is a trigger strong enough to break the current balance between buyers and sellers, which would then push XRP out of its current range.

Основатель крупнейшего корпоративного публичного держателя биткоинов, компании Strategy, Майкл Сэйлор (Michael Saylor) считает, что на горизонте 20 лет первая криптовалюта станет глобальным активом с капитализацией около $400 трлн, а цена одной монеты может достичь $20–21 млн.

За восемь лет объем криптовалютного рынка Саудовской Аравии удвоится и будет расти со среднегодовым темпом роста 7,51%, предположила консалтинговая компания IMARC Group. В конце 2025 года объем составлял $24,9 млрд, а к 2034 году может увеличиться до $47,8 млрд.

Crypto pundit Kevin Cage has revealed how XRP holders could earn passive income on their holdings. He noted that the XRP Ledger isn’t proof of stake, but highlighted that other infrastructure is in place for holders to earn yields. 

Expert Reveals How Holders Can Earn Passive Income

In an X post, Cage stated that in the next few years, crypto investors will likely be able to earn 5% to 10% on their holdings in multiple ways. He specifically alluded to XRP, noting it isn’t proof of stake, but that yield is coming through a new infrastructure being built. The expert added that today’s options are limited and that the altcoin is mostly just idle capital, but that is changing. 

As to what yield could look like, Cage stated that the lending markets could provide 3% to 8% yield, institutional vaults could provide 5% to 12% yield, and RWA integrations could provide 4% to 10% yield. Additionally, he mentioned cross-chain yield, with the Flare network already providing ways for XRP holders to earn yield on its network. 

Other firms of yields for holders could also come through ‘Set it and forget it Yield accounts,’ wallets, applications, and exchanges that embed yields for several products. Cage also cited risky DeFi products that could give XRP holders up to 20% yield but advised against them. 

He described Collateralized Debt Positions (CDPs) as the ‘big one’ for holders to earn yields, in which they use their holdings as collateral. They can borrow against their XRP, access liquidity without selling their asset, and the loans are not taxable events. Cage added that this is what billionaires do when they borrow against their stocks rather than sell them, triggering taxes. 

Pundit Highlights Common Yield Strategies

XRP pundit BankXRP also recently highlighted common yield strategies, including CeFi lending and competitive APY. He also mentioned XRPL AMM liquidity pools, which give yields to holders who provide liquidity to the pool. Lastly, the pundit alluded to Flare’s FXRP and earnXRP mechanism. 

It is worth noting that XRP treasury company Evernorth is collaborating with XRPL developers to introduce native XRP lending through the proposed XLS-66 amendment. This is expected to unlock up to $100 billion in idle XRP capital, as holders, including institutional investors, lend their holdings for yield. 

Evernorth Chief Business Officer Sagar explained that this development was key, as it would provide a safer way for holders to earn yields without bridging their assets to other networks. He also noted that bridging one’s assets to other networks triggers a taxable event, which is why it is better to earn yields natively on the Ledger. 

At the time of writing, the XRP price is trading at around $1.36, up over 3% in the last 24 hours, according to data from CoinMarketCap.

Блокчейн-исследователь ZachXBT обвинил криптобиржу KuCoin в слабом контроле за отмыванием денег. По сведениям криптодетектива, через платформу могли быть отмыты более $9,5 млн, украденных с помощью поддельного приложения Ledger Live.

Заместитель лидера британской Партии либеральных демократов Дейзи Купер (Daisy Cooper) призвала Управление по финансовому надзору Соединенного Королевства (FCA) расследовать связь лидера правопопулистской партии Reform UK Найджела Фараджа (Nigel Farage) с компанией Stack BTC.

Большинство участников российского крипторынка смогут продолжать работать легально, заявил руководитель проектов юридического департамента Банка России Михаил Ионцев. Представитель ЦБ выступил на посвященной госрегулированию панели конференции Blockchain Forum 2026.

A South Korean payment firm has teamed up with Avalanche to create a crypto-like Layer‑1 blockchain tailored specifically for payments.

A Crypto-Spin For TradFi In South Korea

TradFi continues its race to not be left behind DeFi innovation. This time, however, a traditional payments giant most recent move is not aimed at just integrating with crypto, but it’s actually spinning up its own chain intended at real‑world payments.

According to The Block, NHN KCP, one of South Korea’s biggest payment processors, has signed a memorandum of understanding (MOU) with Avalanche developer Ava Labs to build its own payments‑focused Layer 1.

Avalanche is a high‑performance Layer 1 blockchain platform designed for smart contracts and custom blockchains, with near‑instant transaction finality and low fees.

The planned L1 will be built via Ava Cloud and optimized for real‑world payments: sub‑second payment authorization, on‑chain transaction data encryption, and customizable merchant payment infrastructure. NHN KCP and Ava Labs want to plug in tokenized deposits, multi‑stablecoin settlement, and cross‑border payments on top of that base layer.

Jun-seok Park, CEO of NHN KCP, said in a statement:

This agreement is highly significant as it combines NHN KCP’s industry-leading payment operational expertise with world-class blockchain technology to derive an innovative model that can be immediately applied to real-world business.

The pair intend to test whether the project is technically viable via a proof‑of‑concept, and to broaden their ties with financial and payment firms worldwide.

South Korea’s Most Recent History With Crypto

According to the Korean outlet Fntimes, NHN KCP is already positioning itself as a “first mover” in crypto payments and has been working on stablecoin infrastructure and on/off‑ramp tech with a dedicated task force. The payment firm has already filed trademarks for KRW‑ and USD‑pegged stablecoins (e.g., USDW), signaling it wants to operate across both domestic and international rails.

South Korea has been recently pushing toward clear rules for stablecoins and digital assets, with the expectation that a comprehensive crypto bill and bank‑grade rules for exchanges and payment providers will land around this year after it was postponed until after the June 3 local elections. Bitcoinist reported on it at the beginning of the month.

What This Means For AVAX Traders

Let’s keep in mind that launch timing and scale will depend heavily on how South Korea finalizes its crypto and stablecoin framework, something Ava Labs itself acknowledges.

If NHN KCP can route even a small slice of its existing volume through an Avalanche‑based mainnet, it could become one of the largest “real‑world payments” experiments on any L1. AVAX could start looking like a real‑world payments bet, which the market tends to reward with higher multiples in bull phases.

If the proof‑of‑concept leads to live merchant traffic, AVAX gains a concrete adoption case that traders can track in metrics and narratives, making it easier for funds to justify rotating from slower‑growth L1s into Avalanche.

Cover image from Perplexity. AVAXUSDT chart from Tradingview.

Комиссия по ценным бумагам и биржам США (SEC) утгочнила, в каких случаях приложениям децентрализованных финансов (DeFi) и криптокошелькам можно не регистрироваться в качестве брокера-дилера и когда это не будет считаться нарушением законов о ценных бумагах.

Миллиардер, предприниматель, основатель Tesla и SpaceX Илон Маск и его брат Кимбал на двоих владеют 23 400 биткоинами. Об этом заявил их 79‑летний отец Эррол Маск (Errol Musk) в интервью русскоязычному изданию BeInCrypto.

На биткоин-рынке сложилась нетипичная ситуация — курс первой криптовалюты растет вопреки падению открытого интереса на крупнейшей криптобирже Binance, сообщили аналитики ончейн-платформы CryptoQuant.

Приток средств в инвестиционные продукты, привязанные к изменению цен криптовалют, с 6 по 10 апреля достиг максимального с начала года показателя — $1,1 млрд. Аналитики компании CoinShares связали рост с переговорами между США и Ираном и более мягкими, чем ожидалось, статистике расходов и индексу потребительских цен в США.

Bitcoin has climbed back above $73,000 from lows that saw the Crypto Fear & Greed Index in single-digit fear, and with that recovery has come a familiar chorus of the bottom is in, the next leg up is approaching, and the cycle is ready to turn bullish again. One analyst on X, however, is not buying it, and his reasoning is based on one of the most consistent patterns in Bitcoin’s price history.

Why Rising Bullish Sentiment Can Cause More Downside

Bitcoin’s sentiment is now slowly turning bullish again, which is a reflection of its price action in recent days. However, according to crypto analyst Max, the gradual return of optimism across social media and trading circles is a warning sign. 

Max, who shared his outlook on X alongside a multi-cycle Bitcoin chart, proposed that the re-emergence of bullish sentiment at this point is precisely what should concern investors. “When sentiment slowly starts turning bullish again,” he wrote, “that’s usually your sign that the bottom isn’t in yet.”

Max pointed out that recent discussions around a cycle bottom forming already, along with predictions of a historic rally, mirror sentiment conditions that have always appeared before further downside moves. In short, the crowd turning optimistic too early could mean the market has not yet completed its corrective phase.

This outlook is based on the fact that the Bitcoin price has not yet produced the structural conditions that have historically confirmed cycle lows. He identifies three specific cycle low signals that are currently absent on the Bitcoin chart: total capitulation, repeated sweeps of the lows, and a confirmed change in market structure on the weekly timeframe.

Bitcoin Price Chart. Source: @_ctm_crypto On X

Cycle Timing Puts The Bottom In October

The most interesting part of this technical outlook is the cycle comparison overlaid by Max onto Bitcoin’s full price history. Previous Bitcoin cycles show a consistent rhythm of extended accumulation and expansion phases followed by lengthy corrections.

From the 2013, 2018, and 2021 cycle tops, Bitcoin required around 365 days of decline before reaching a definitive bottom. Interestingly, each cycle was characterized by a smaller decline by the previous one. The 2013 top was followed by a 427-day decline of 87%, the 2018 top brought a 365-day drop of 83%, and the 2021 top saw a 365-day correction of about 75%. 

The projected path suggests a similar structure is still playing out in the current cycle since the October 2025 peak. Projecting that structure forward from the 2025 cycle top, Max’s chart targets October 2026 as the likely bottom window, with a projected price of $40,000. 

This bottom would align with both the duration and magnitude of previous bear phases, instead of the much faster recovery some market participants are expecting. At the time of writing, Bitcoin is trading at $74,590, up by 5.4% in the past 24 hours.

Диджей, продюсер и NFT-коллекционер Стив Аоки (Steve Aoki) ликвидирует большую часть своих криптозапасов, переводя на биржу Gemini для обмена на деньги, обратили внимание аналитики платформы Arkham Intelligence. Пять лет назад Аоки давал прогноз о том, что невзаимозаменяемые токены станут неотъемлемой частью массовой культуры.

На территории заброшенной автозаправки в селе Лохово Черемховского района Иркутской области обнаружена нелегальная майнинг-ферма. Ущерб энергосистеме региона оценивается в 2 млн рублей, сообщили в Иркутской электросетевой компании.

Криптоаналитик и блогер Бенджамин Коуэн (Benjamin Cowen) заявил, что биткоин может снизиться до $30 000 в случае, если экономика США войдет в глубокую рецессию.

Министерство юстиции США объявило о запуске программы компенсаций жертвам OneCoin — одной из крупнейших криптопирамид, ущерб от которой превысил $4 млрд. На выплаты планируется направить более $40 млн из конфискованных активов.