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🔔 Dark Bazaar Alert | Asic Resistance

📰 US senator urges delay of CLARITY Act Senate markup until May: Report

US Senator Thom Tillis said members of the crypto and banking industries still need more time to be heard.

💡 Source: CoinTelegraph

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🚨 Morgan Stanley’s $116M Bitcoin ETF debut is tiny next to $1.9T and that’s why Wall Street will notice

Morgan Stanley launched its spot Bitcoin ETF NYSE Arca calling MSBT the first cryptocurrency ETP from a US bank-affiliated asset manager and pricing its sponsor fee at 0.14% the lowest Bitcoin ETP sponsor fee. By Farside Investors' data showed cumulative net inflows of $116 million across seven trading sessions. [...]

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Sanctioned Russian crypto exchange Grinex suspends operations following a 1 billion ruble hack

Company representatives blamed the incident on special services from "unfriendly countries." Grinex estimated the damage at 13.7 million USDT. The stolen funds from 54 addresses were converted into TRX and sent to the address TH9kgjfrKeTNeyXtDKvxCXZ1dVKr7neKVa. The wallet holds 46.1 million TRX ($14.9 million).

Grinex is the successor to another sanctioned crypto exchange, Garantex. It is linked to illicit activities amounting to more than $1.3 billion. Grinex serves as the primary platform for trading the ruble-backed stablecoin A7A5, which is associated with sanction evasion. With a market capitalization of $546.7 million, it occupies 44% of the non-dollar stablecoin market. Last week, the Security Service of Ukraine, the FBI, and EU special services conducted a joint operation against FSB hackers.

Tether Joins Drift Protocol's $150 Million Recovery Program

The company will provide $127.5 million, with the remainder coming from unnamed partners. As part of the platform's relaunch, Drift will also switch its settlements from USDC to USDT. Tether stated that this structure links financing and recovery with current trading activity on the platform. It will allow user balances to be restored as the exchange returns to normal operations.

On April 1, Drift Protocol was hacked for $280 million. Hackers stole 42.7 million JLP ($159.3 million), 71.4 million USDC, 164.4 BTC ($11.3 million), 5.7 million USDT, and other tokens. The perpetrators then converted these assets into USDC. For six hours, they transferred tokens from Solana to Ethereum. However, Circle did not block 230 million USDC. As a result, Drift investor Joshua McCollum filed a lawsuit in the US District Court in Massachusetts on behalf of more than 100 participants. They accuse the company of negligence, aiding and abetting the misappropriation of funds, and seek compensation for damages.

Ukraine Arrests FBI-Wanted Cybercriminal with $11.1 Million Seized

The man lived in Uzhgorod under a new identity after obtaining fraudulent death documents. He was part of an international group that inflicted damage of over $100 million on citizens of Europe and the USA. They demanded ransoms for stolen corporate information and personal data. The funds were then transferred to cryptocurrency wallets, cashed out, and laundered in Ukraine. The fraudster used relatives to purchase valuable assets, including real estate.

The police conducted 30 searches and seized residential houses, apartments, cars, $1 million in cash, and cryptocurrency assets worth $8.3 million. Law enforcement also detained two accomplices who helped him launder money.

#ALTS MARKET CAP ANALYSIS

The ALTS market cap is trading below the resistance trendline of an ascending channel, with the Ichimoku Cloud acting as a resistance barrier above the current price action.

A strong breakout above the pattern would signal another bullish rally in the altcoin market.

However, rejection from this level is also possible, which could lead to further downside. Keep a close eye on upcoming price action for confirmation.

#BTC/USDT ANALYSIS

Bitcoin is consolidating within an ascending triangle and is currently trading above the Ichimoku Cloud, which is acting as a support indicating underlying strength.

As long as price holds above the cloud, a bounce is likely.

However, a decisive breakout or breakdown from the pattern is needed to confirm the next directional move, so patience is key here.