On-chain data shows 114,626,006 USDC, worth about USD 114,624,172, was transferred from an unidentified wallet address to Coinbase.

AiCoin's real-time on-chain tracking shows that between 02:09 and 03:12 (UTC+8) today, the whale "pensionusdt.eth" opened an ETH short totaling 11,110 ETH, valued at $23.64 million. At the time of writing, the position is worth $23.65 million and is showing an unrealized loss of $0.39 million. The wallet also has roughly $230,000 in unfilled pending orders. Whale address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902

Drift Protocol, a Solana-based decentralized finance exchange, has been exploited, with losses reported at more than $285 million.

Solana processed 10.1 billion transactions in Q1 2026, breaking the 10 billion quarterly mark for the first time, according to Artemis data. Ethereum logged just over 200 million transactions over the same period, underscoring a roughly 50x difference in throughput between the two networks. The results highlight two distinct blockchain approaches. Solana's sub-cent fees and high throughput have positioned it as a preferred venue for high-frequency trading, gaming, AI agent payments and automated transaction flows. Ethereum, with lower transaction counts but higher-value activity, continues to serve primarily as a settlement and security layer. The surge in usage stands out as SOL is down about 67% from its September 2025 peak near $250, pointing to network demand that appears increasingly detached from speculative token price moves. Solana's DeFi total value locked is holding at $6.18 billion, while daily active wallets are nearing 3 million.

U.S.-listed spot XRP exchange-traded funds saw inflows tumble in the first quarter of 2026. The group launched on April 1 with combined net assets of $943.73 million. In Q1, net inflows totaled $42.52 million, down 96.4% quarter over quarter from $1.166 billion in Q4 2025, SoSoValue data shows. Canary's XRP ETF (XRPC) led the pack in Q1, attracting $37.46 million of net inflows and ending the quarter with $264.55 million in net assets. 21Shares' XRP ETF (TOXR) posted the largest outflow, with about $53.2 million redeemed, bringing net assets down to $141.96 million. The sharp slowdown in flows has been tied to XRP's weak price action, which has dampened interest from institutional allocators. Over the past six months, XRP has fallen more than 55% and was trading around $1.36 at the time of reporting. Market watchers also point to waning early institutional enthusiasm—previously led by Goldman Sachs Group—by the end of March, potentially linked to delays surrounding the Clarity Act, a legislative proposal aimed at legalizing cryptocurrencies in the U.S. Looking ahead, Ripple Labs CEO Brad Garlinghouse said last month he believes the Clarity Act has strong odds of passing the U.S. Senate by the end of May. A move toward clearer rules could help revive institutional demand for index-tracking products in Q2 2026. If Congress fails to advance a digital-asset regulatory framework in 2026 under President Donald Trump, net inflows into these pooled vehicles could keep shrinking in the near term.

Algorand ($ALGO) rallied 16% over the past 24 hours to $0.1053 after a landmark Google Quantum AI paper on quantum-related blockchain risks referenced the network 32 times—more than any chain other than Bitcoin and Ethereum. Google called Algorand "the perfect example of realworld deployment of postquantum cryptography on an otherwise quantumvulnerable blockchain," pointing to its production use of FALCON digital signatures for smart contracts, state proofs, native key rotation, and a multilayer post-quantum security stack. Market activity surged alongside the move: trading volume jumped 162% in 24 hours, while futures open interest rose 55% to $58.9 million. The rebound stands out after $ALGO hit an all-time low of $0.08 just days earlier amid a 25% Algorand Foundation workforce reduction, the departure of its CTO, and a board reshuffle. The token is now up about 20% over the past week, with the quantum-security narrative fueling renewed momentum in the community.

RT Daniel: Rekt's leaderboard indicates today's Drift exploit would rank as the largest Solana ecosystem exploit since the Wormhole attack. Here's what we know about the incident so far.

XRP attracted the strongest institutional inflows among major cryptocurrencies last week, even as digital-asset investment products saw broad-based withdrawals. CoinShares data show XRP brought in $15.8 million for the week. Over the same period, Bitcoin products recorded $194 million in outflows, while Ethereum saw $221 million pulled. Market observers say the split points to a short-term rotation in institutional positioning, with capital moving away from the two largest crypto assets and into XRP. XRP's longer-term figures also point to continued demand. Products tracking the token now account for $2.27 billion in assets under management (AUM), with $39.5 million in year-to-date inflows. The inflow trend comes as investors look for potential beneficiaries of an emerging altcoin cycle, a period when capital often shifts from Bitcoin and Ethereum into higher-utility tokens with clearer narratives. Supporters cite XRP's use case in cross-border payments and its expanding ecosystem. In the background, Ripple recently unlocked 1 billion XRP from escrow as part of its monthly release schedule. While releases can raise supply concerns, the company frames the process as a routine component of liquidity management. If institutional rotation persists, XRP's lead in weekly inflows could extend beyond a one-off move and place it at the center of the market's next major leg.

A reported $220 million exploit targeting Drift Protocol is being cited as the largest exploit on Solana to date and the 10th largest globally so far.