The global crypto market staged a strong rebound on April 18, with total capitalization rising to $2.70 trillion, up 2.8% in 24 hours, while trading volume expanded to $146.2 billion. Bitcoin (BTC) reached $77,319.11, gaining 3.42%, and Ethereum (ETH) hit $2,424.73, up 3.89%.
BTC Leads with 3.42% Gain, Sentiment Still Fearful
BTC's 24-hour volume stood at $53.2 billion, with a market cap of $1.54 trillion and dominance at 57.3%. ETH recorded $26.2 billion in volume and a $296.6 billion market cap. XRP rose 3.04% to $1.47, Solana added 0.83% to $89.11, and Tether Gold gained 1.38% to $4,820.64. Top gainers: Ethena (ENA) surged 12.34%, DeXe (DEXE) jumped 17.71%, and MemeCore (M) climbed 16.04%. Losers: Siren (SIREN) plummeted 61.65%, Worldcoin (WLD) dropped 11.53%, and Algorand (ALGO) slipped 4.01%.
Stablecoin market cap reached $316.7 billion, up 0.2%. The DeFi sector grew 1.7% to $56.3 billion, representing 2.1% of the total market. The Crypto Fear and Greed Index improved from 21 to 26 but remains in the "fear" zone, indicating cautious sentiment.
Binance to Delist DEGO, DENT, TRU on April 28
Binance announced the suspension of trading and delisting of DEGO, DENT, and TRU as per its latest asset review. Holders are advised to manage their holdings before the deadline.
Rhea Finance Loses $18.4M in Slippage Exploit
DeFi protocol Rhea Finance reported a hack on April 16 that drained roughly $18.4 million due to a slippage vulnerability. Some funds have been returned or frozen; investigations continue.
Circle Launches USDC Bridge for Native Cross-Chain Transfers
Circle introduced USDC Bridge, a burn-and-mint transfer system offering fee transparency, live tracking, automatic routing, and target-chain gas handling.
Sei v6.4 Upgrade Blocks Inbound IBC Transfers
Layer-1 blockchain Sei completed a v6.4 upgrade adding a switch to block inbound IBC transfers. Users holding affected assets are urged to bridge them out before governance activation.
Elizabeth Warren Questions SEC Enforcement Decline
Senator Elizabeth Warren accused SEC Chair Paul Atkins of potentially misleading Congress over enforcement case decreases, raising investor protection concerns.
NYSE Proposes Rules for Tokenized Securities
The New York Stock Exchange filed a proposal to allow trading of tokenized securities under the DTC pilot framework while retaining traditional clearing and settlement processes for eligible participants.
Separately, a wallet that once ranked second on the Trump luncheon leaderboard moved all 2.22 million TRUMP tokens to Binance, after heavy losses on MELANIA. Iran announced full reopening of the Strait of Hormuz to commercial shipping during the ceasefire, while broader negotiations continue.