Category: crypto
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AI stocks flat as energy surges 30% in 2026
The AI stocks that led market gains have stalled in 2026, with the energy sector rising nearly 30% due to the Iran war. Investors are moving from AI to energy, defense, and dividend stocks. Energy gains are linked to oil shocks impacting crypto markets. Investors are waiting for signals to rotate back to tech after…
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Bitcoin price tests $72.6K ascending channel top
Bitcoin is trading at $72,330 on April 13, up 0.65% on the 4H chart, pressing the upper trendline of an ascending channel since late March. BlackRock’s IBIT led spot Bitcoin ETF inflows of $786 million last week. A close above $72,600 targets $74,000, while a drop below $70,000 invalidates the channel pattern.
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Hyperliquid price nears $46 channel resistance
Hyperliquid is trading at $43.60 on April 13, up 2.76% on the 4H chart, testing the upper boundary of an ascending channel from December 2025 lows near $22. The MACD histogram is at 0.03, indicating thinning momentum. A close above $46.22 targets $50, while a rejection may lead to a pullback.
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Ethereum price bounces off multi-year support trendline
Ethereum is trading at $2,255.04 in April 2026, up 7.09% on the monthly chart. The price tested and held the ascending support trendline connecting major lows since 2019. The monthly MACD histogram turned positive, signaling improving momentum. Analysts predict a 3x-4x increase in the next six months with a supply squeeze on exchanges.
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South Korea penalizes Coinone with a $3.5M fine for AML lapses
South Korean financial regulators have fined Coinone and suspended its business for three months due to anti-money laundering failures. Coinone is facing a 5.2 billion won fine for not verifying 70,000 user identities and processing transactions with unregistered foreign platforms despite warnings. This is part of a larger effort to tighten oversight of cryptocurrency exchanges…
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U.S. President says “the right people” seek deal despite start of Iran blockade
The U.S. initiated a naval blockade of Iranian ports to prevent extortion of the global community. President Trump warned of destroying Iranian vessels attempting to breach the blockade. Commercial ships can still transit the Strait of Hormuz. The blockade resulted from failed nuclear negotiations and has led to increased oil prices.
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ABA warns interest-bearing stablecoins could trigger $6.6 trillion in bank deposit flight
The American Bankers Association has warned that allowing stablecoins to offer interest could lead to a significant exodus of deposits from traditional banks, potentially shifting funds from smaller banks to larger institutions. Industry discussions are ongoing regarding a Senate bill on crypto oversight, with stablecoin yield restrictions being a key point of debate.
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U.S. DOJ opens $40 million compensation fund for OneCoin fraud victims
A federal compensation program funded by seized assets is now open for victims of the OneCoin fraud, allowing them to apply for reimbursement. The Justice Department has set aside $40 million to compensate investors who lost money in the Ponzi scheme, which defrauded millions of people of billions of dollars.
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White House adviser confirms stablecoin yield deal as Clarity Act nears Senate markup
The Digital Asset Market Clarity Act is making progress in the U.S. Senate with bipartisan support for stablecoin regulations. Negotiators are close to finalizing provisions on illicit finance rules for decentralized finance and ethics restrictions for senior government officials, with hopes for a durable compromise on stablecoin yield.
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Former CFTC Chair Chris Giancarlo leaves Willkie Farr to focus on digital asset advisory
Former CFTC Chairman Chris Giancarlo is retiring from his legal practice to focus on advising fintech and cryptocurrency startups. Known as “Crypto Dad,” Giancarlo played a key role in launching the first Bitcoin futures markets. He plans to provide guidance on navigating the digital economy while advocating for regulatory modernization.