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    Coinbase Flags Proof-of-Stake Chains Like Ethereum, Solana as Potential Quantum Risks

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    Coinbase Flags Proof-of-Stake Chains Like Ethereum, Solana as Potential Quantum Risks


    Coinbase warns that Proof-of-Stake blockchains like Ethereumn (ETH) and Solana (SOL) could face risks from quantum computers in the future, following the announcement of the first report from an independent quantum advisory board on April 22.

    The report, conducted with researchers from Stanford, UT Austin, and the Ethereum Foundation, emphasizes that crypto remains safe from quantum for now, but preparation needs to start immediately before the threat becomes urgent — especially as the security structures of many blockchains could be affected if quantum computing capabilities reach a sufficiently strong threshold.

    Coinbase Flags Quantum Risks for PoS

    Coinbase is not issuing an “imminent threat” style warning, but framing the issue in a long-term context. In a recent post, Philip Martin, Coinbase CSO, emphasized that “crypto is safe today,” while noting that the industry needs to prepare before sufficiently powerful quantum systems emerge.

    This is the first report from the independent quantum advisory board established by Coinbase, with participation from researchers at academic institutions and the Ethereum Foundation. According to Coinbase, the group’s goal is to assess potential risks to current cryptographic systems and propose long-term preparation directions for the industry.

    Research indicates that risk levels may vary between systems. Some blockchain protocols — especially Proof-of-Stake — may have a higher level of “exposure,” as the way public keys are used in the staking and validation process can increase exposure in certain attack scenarios.

    Why PoS Faces Higher Exposure

    Unlike Proof-of-Work, where public keys are usually only exposed when a transaction is performed, Proof-of-Stake protocols require validators to maintain their public keys in a public state for long periods to participate in the validation process.

    This makes validators on PoS easier targets in a quantum computer attack scenario. If a sufficiently powerful quantum computer can derive a private key from a public key — an assumption related to the ability to break elliptic curve cryptography (ECDSA) — then the validator could become a direct target.

    Ethereum total value staked

    Ethereum total value staked. Source: CryptoQuant

    Ethereum is currently the largest PoS network. About 32.3% of the total ETH supply is being staked, equivalent to about 39 million ETH, with a total staking market cap of around 94.4 billion USD. This means a significant portion of assets in the ecosystem depends on the security of validator keys.

    On Solana, the risk level may be higher. About 68% of the total SOL supply is being staked, with a staking market cap of approximately 37.9 billion USD. As the stake ratio increases, the risk does not stop at individual accounts but could affect the entire PoS system if validators are compromised.

    How Real Is the Threat Today

    Both Coinbase and related studies emphasize that this risk is not yet immediate. Currently, there does not exist a cryptographically relevant quantum computer (CRQC) powerful enough to break encryption systems like ECDSA in real-world conditions.

    A recent study from Google Quantum AI shows that under ideal conditions, a quantum system could derive a private key from a public key in just minutes — equivalent to the time it takes to create a Bitcoin block — opening an “on-spend attack” scenario where transactions could be replaced before they are confirmed.

    However, this is still a theoretical model. Current quantum systems have not reached the necessary scale, and implementing a real-world attack still faces many technical hurdles. Therefore, the issue does not lie in the present, but in the fact that blockchain systems need to prepare before this threat computing becomes feasible. This is also why Coinbase emphasizes “prepare now, not when it’s urgent.”

    Impact on Users

    For regular users, the risk of being affected in the short term is very low, especially if using modern address standards where public keys are not exposed before a transaction.

    Impact on Validators and Networks

    For validators — especially on PoS networks — long-term exposure of public keys on the network makes them more vulnerable targets if a quantum attack becomes a reality.

    At the systemic level, the potential risk is even greater. On Ethereum, controlling more than 1/3 of the stake can disrupt the finalization process; if it exceeds 2/3, an attacker can control the entire consensus mechanism. This turns a cryptography issue into a systemic risk.

    How Ethereum and Solana Are Preparing

    Major blockchains like Ethereum and Solana are still in the research and testing phase for response options to quantum computer risks, rather than deploying network-wide changes.

    According to the Coinbase report, from user accounts to validators and zk (zero-knowledge) systems, many parts of Ethereum could be affected if quantum becomes feasible. Previously, Vitalik Buterin also mentioned a “quantum emergency” scenario, in which the network might need a hard fork to protect user funds. However, directions such as hash-based signatures or account abstraction still remain at the level of technical proposals.

    For Solana, the network has introduced “Winternitz Vault,” allowing users to transfer assets to addresses using hash-based signatures. After the transfer, these assets are no longer vulnerable to quantum computer attacks.

    A Long-Term Risk, Not Immediate

    The warning from Coinbase is not a signal for an impending crisis, but a long-term risk to the security foundation of crypto.

    For Proof-of-Stake networks like Ethereum and Solana, where validators directly participate in the validation process, transitioning to quantum-resistant systems may be more complex due to consensus mechanisms and the amount of assets being staked.

    Instead of reacting after an incident occurs, organizations like Coinbase are trying to accelerate preparation in advance. As the gap between theory and reality narrows, the transition may need to take place before the threat truly emerges.



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    PENGU Is Up 8% While Pudgy Penguins NFT Floor Is Flat – What the Divergence Tells Collectors – NFT Plazas

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    PENGU Is Up 8% While Pudgy Penguins NFT Floor Is Flat – What the Divergence Tells Collectors – NFT Plazas


    Something unusual is happening in the Pudgy Penguins ecosystem. The project’s native token, PENGU, has surged roughly 8% in the past 24 hours – but if you checked the NFT floor price on OpenSea, you’d barely notice a ripple. That divergence between the token and the underlying NFT collection isn’t noise. It’s a signal, and it tells collectors something important about how the market values this project in 2026.

    The Numbers at a Glance

    The live PENGU price is approximately $0.008203, with a 24-hour trading volume of $144 million. The token is up around 8% in the last 24 hours, with a current market cap over $515 million. According to the screenshot data visible on CoinGecko-powered trackers, the token is now ranked #80 by market cap, and carries a fully diluted valuation (FDV) of approximately $729 million.

    Meanwhile, the Pudgy Penguins NFT collection, an 8,888-piece set on Ethereum, has seen its floor price hold relatively flat over the same period, showing none of the same momentum. That split is worth examining closely.

    PENGU 24H price chart on 22/4/2026 (Source: CoinMarketCap)

    PENGU 24H price chart on 22/4/2026 (Source: CoinMarketCap)

    Why Is PENGU Moving Without the NFTs?

    The key insight is structural. PENGU now functions less as a derivative of NFT sentiment and more as an independent liquid asset with its own demand drivers – many of them rooted in real-world ecosystem expansion.

    Recent ecosystem developments include a partnership with asset manager VanEck for NFC-chip-enabled hybrid collectibles and the launch of the Pengu Card, a Visa-backed crypto debit card, both announced in April 2026. These are not vague roadmap promises – they are live or near-live products that give PENGU holders a tangible utility story that NFT collectors, largely sitting on illiquid assets, don’t benefit from directly.

    Pudgy Penguins also launched Pudgy World, a browser-based game, and expanded to Amazon, broadening the digital experience to a major retail platform for wider user access. The token is integrated into in-game transactions within Pudgy World, creating a use case that doesn’t require owning a $40,000+ NFT.

    This is the “reverse funnel” effect playing out in real time: traditional crypto projects build tokens first and try to manufacture community; Pudgy Penguins built the community first – through NFTs, physical merchandise, and cultural reach – and then introduced PENGU as the ecosystem’s liquid layer. The community already existed. Now the token is monetizing it.

    Why is PENGU moving without the NFTs?Why is PENGU moving without the NFTs?

    Why is PENGU moving without the NFTs?

    The Volume Story Supports Organic Demand

    Skeptics of any altcoin rally should always check the volume-to-market-cap ratio. Trading volume over the past 24 hours reached approximately $144 million against a market cap of roughly $515 million, putting the ratio near 28%. That sits well above the 15–20% threshold analysts commonly use to distinguish genuine buying interest from wash trading or artificial price inflation.

    Altcoin Sherpa, a widely-followed market analyst, noted on April 20 that PENGU has spent about 2.5 months in a descending wedge range, with one-day EMAs flattening out and the market structure “starting to look much healthier,” adding that the token could “move hard” once conditions align,  though it still needs a supportive Bitcoin environment.

    On the chart, the RSI sits at approximately 63, technically elevated but not yet in overbought territory. The MACD is in a bullish configuration, suggesting the current momentum has room to continue in the near term before hitting resistance.

    The volume story supports organic demandThe volume story supports organic demand

    The volume story supports organic demand

    What Collectors Should Understand About the Divergence

    For NFT holders, the divergence can feel disorienting, and even slightly unfair. The token rallies while the floor stays flat, meaning liquid PENGU holders capture gains that illiquid NFT collectors miss. But this dynamic reflects a structural maturation in how markets price multi-asset crypto ecosystems.

    Analysts note that if PENGU is rising, NFT floor prices for the collection usually follow, but the relationship is loose, not tight. Monitoring NFT floor prices on OpenSea alongside the PENGU token price is considered essential for anyone holding a position in either asset.

    The NFT collection’s relative flatness right now may also reflect the broader state of the Ethereum NFT market, which has been quieter than the Solana-based token market in early 2026. PENGU, issued on Solana, has benefited from Solana’s more active trading environment and liquidity infrastructure, giving the token its own market microstructure that can diverge from what happens on Ethereum’s NFT layer.

    Institutional Interest Is Building – But Slowly

    One of the most meaningful developments underpinning PENGU’s longer-term narrative is the presence of institutional-grade filings. Canary Capital filed for a PENGU ETF in March 2025, which, if approved, would be the first US exchange-traded fund to include both PENGU tokens and Pudgy Penguins NFTs. The ETF received SEC acknowledgement in July 2025, marking one of the first steps toward institutional access to an NFT-native brand. Approval remains pending and faces a high regulatory bar, but the filing itself signals that serious capital allocators are watching.

    In June 2025, CEO Luca Netz rang the Nasdaq opening bell alongside VanEck, a symbolic entry into traditional finance and mainstream institutional recognition. For a project that began as a collection of cartoon penguins on Ethereum, that is a remarkable trajectory.

    Not just ringing the bell, but opening the mainstream financial door through VanEck and ETFs.Not just ringing the bell, but opening the mainstream financial door through VanEck and ETFs.

    Not just ringing the bell, but opening the mainstream financial door through VanEck and ETFs.

    The Risk Collectors Shouldn’t Ignore

    None of this is risk-free. The token’s tokenomics include a fully diluted valuation that represents a significant premium over realized market cap, indicating substantial token unlock events ahead, with allocations to the team and company subject to vesting schedules extending through mid-2027. Historical precedent suggests these unlocks can create selling pressure in the weeks surrounding vesting milestones.

    The SEC has so far classified pure meme coins as non-securities, but PENGU is more complex given the centralized commercial activities of the Pudgy Penguins team – meaning future regulatory shifts remain a variable to watch.

    Bottom Line

    The divergence between PENGU’s 8% rally and a flat NFT floor isn’t a contradiction – it’s a maturation signal. The token has developed an independent identity backed by real products, institutional filings, and a cultural brand with over 100 billion cumulative social views. For collectors, the takeaway is clear: holding the NFT and holding the token are no longer the same bet. In 2026, they track different things, respond to different catalysts, and carry different risk profiles. Understanding that distinction may be the most important thing a Pudgy Penguins participant can do right now.



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    Kelp DAO Hacker Just Moved $175 Million In Ethereum And Started Laundering It – Here Is What We Know – NFT Plazas

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    Kelp DAO Hacker Just Moved 5 Million In Ethereum And Started Laundering It – Here Is What We Know – NFT Plazas


    This is a developing story. Figures may have changed since publication.

    One of DeFi’s largest exploits in recent memory has taken a sharp new turn after the Kelp DAO hacker began moving around $175 million in Ethereum and appears to have started laundering the stolen funds. The attacker’s on‑chain reaction came almost immediately after Arbitrum’s Security Council froze roughly $71 million of the stolen ETH, underscoring how quickly the hacker is trying to obscure the trail.

    How the Kelp DAO exploit unfolded

    The incident began on April 19–20, 2026, when an unknown attacker exploited a vulnerability in Kelp DAO’s rsETH bridge, which runs on LayerZero. According to LayerZero’s preliminary analysis, the setup Kelp DAO used – a 1/1 decentralized verifier network (DVN) – created a single‑point‑of‑failure by relying on one verifier path, which let the attacker forge cross‑chain messages.

    Via that bridge, the hacker drained approximately 116,500 rsETH, valued at roughly $292–293 million at the time, representing about 18% of the token’s circulating supply. Kelp DAO responded by pausing its core contracts, but by then most of the rsETH had already been moved.finance.

    Lending market domino: $195M+ bad debt on Aave

    The stolen rsETH was quickly deposited as collateral on Aave V3, where it was used to borrow around $195–196 million in wrapped ether (WETH). This turned Aave into a passive victim: the protocol did not create the vulnerability, yet it still carries substantial bad debt on its balance sheet.

    In a follow‑up incident report published on April 20, Aave outlined two potential scenarios: ~$123.7 million in bad debt under a more optimistic recovery assumption, and roughly $230.1 million if the hacked funds prove irrecoverable. On‑chain tracking firms such as PeckShield and CoinDesk have described this as one of the most damaging DeFi incidents in 2026 so far, both in absolute terms and in its impact on market confidence.

    The equivalent of approximately 116,500 rsETH at current prices.

    The equivalent of approximately 116,500 rsETH at current prices.

    Arbitrum freezes $71 million – but most funds are still moving

    Arbitrum’s 12‑member Security Council stepped in late on April 20, announcing it had frozen 30,766 ETH (about $71 million at current prices) tied to the exploit. Those funds were moved into an “intermediary frozen wallet” that can only be unlocked through Arbitrum governance, with law‑enforcement involvement noted in the council’s statement.

    Importantly, Arbitrum emphasized that the freeze affected only specific addresses linked to the stolen funds and did not alter the broader state of the network or harm other users. However, on‑chain data from Arkham Intelligence and other trackers show that the $71 million locked by Arbitrum represents less than 30% of the roughly $292–293 million total stolen, leaving the bulk of the funds still in motion.

    Attacker moves 75,701 ETH – early laundering signaled

    Hours after Arbitrum’s intervention, the hacker began reacting on‑chain. The wallet tagged by Arkham as linked to the Kelp DAO exploit moved approximately 75,701 ETH, valued at about $175 million, in three large transactions on Ethereum.

    25,000 ETH to one newly created address;50,700 ETH and 0.7 ETH to another new address.

    These flows were directed to freshly created addresses, which on‑chain investigators treat as an early sign of “layering” – the phase where attackers fragment and redirect funds to make tracing harder. CoinMarketCap and ARKHAM note that the attacker is now actively “layering” the stolen ETH across multiple wallets and protocols rather than holding it in one spot.

    On-chain data also shows the stolen crypto being routed through the privacy protocol Umbra. (Source: Arkham)On-chain data also shows the stolen crypto being routed through the privacy protocol Umbra. (Source: Arkham)

    On-chain data also shows the stolen crypto being routed through the privacy protocol Umbra. (Source: Arkham)

    Cross‑chain moves via THORChain and Umbra

    On‑chain sleuth ZachXBT reported on Telegram that funds tied to the exploit have begun moving through non‑custodial protocols that complicate tracing. 

    Around $1.5 million was bridged from Ethereum to Bitcoin via THORChain, a cross‑chain DEX that does not require Know‑Your‑Customer checks.An additional $78,000 flowed through Umbra, a privacy‑oriented protocol that obscures sender and recipient addresses.

    These tools are often favored in early‑stage laundering because they allow attackers to change chains, mix liquidity, and obscure relationships between addresses without leaving a clear KYC trail. Analysts from CoinDesk and The Block note that similar patterns have appeared in past hacks allegedly linked to state‑sponsored groups, including those suspected of ties to the Lazarus Group, though there is no confirmed law‑enforcement attribution in this case.

    Lazarus Group has also been linked with the other high-profile hack this month: Drift ProtocolLazarus Group has also been linked with the other high-profile hack this month: Drift Protocol

    Lazarus Group has also been linked with the other high-profile hack this month: Drift Protocol

    RsETH and restaking layer under stress

    The market cap of rsETH, Kelp DAO’s liquid restaking token, has come under heavy pressure since the exploit. Trading viewers show rsETH’s market cap has pulled back sharply from earlier peaks above $2 billion, now hovering closer to $1.3 billion after a rapid expansion‑and‑collapse pattern characteristic of forced unwinds rather than organic selling.

    From a technical‑analysis standpoint, rsETH is now trading below key moving averages, with its 200‑day trend flattening and beginning to roll over, suggesting the earlier growth phase is stalled. Because rsETH is used as collateral across multiple DeFi protocols, its market cap effectively acts as a proxy for trust in Kelp DAO’s restaking layer; the current compression signals that confidence has weakened and volatility could persist.

    Fallout across Aave and DeFi TVL

    The Kelp DAO attack has triggered a meaningful risk‑off response across the broader DeFi ecosystem. Data from DeFiLlama indicate that Aave’s TVL dropped by about $10 billion following the incident, falling from roughly $26 billion to around $16.4 billion by April 22.

    CryptoQuant’s head of research, Julio Moreno, pointed out that borrow rates for USDT (USDt) on Aave’s Ethereum V3 market spiked from about 3% to 14%, a level not seen since December 2024, as liquidity thinned and users rushed to deleverage. At the same time, Kelp DAO restaked a large share of rsETH across 20 different chains, spreading the knock‑on effects well beyond Arbitrum and Ethereum.

    AAVE V3: USDT, USDC Borrow Event Amount ($) and Borrow RateAAVE V3: USDT, USDC Borrow Event Amount ($) and Borrow Rate

    AAVE V3: USDT, USDC Borrow Event Amount ($) and Borrow Rate

    Freeze vs. decentralization: the debate ignited

    Arbitrum’s ability to freeze $71 million in ETH has reignited a core philosophical debate about blockchain immutability, decentralization, and crisis response. Supporters argue that the Security Council’s move was a responsible, targeted intervention that preserved value for users and gave law enforcement breathing room to act.

    Critics, meanwhile, warn that any mechanism allowing a council or small group to override address states undermines the idea that “code is law” and could set a precedent for future interventions. As The Block and CoinDesk have highlighted, the Kelp DAO case sits squarely in the middle of that tension: it is one of the largest DeFi hacks in recent years, yet the response has been more centralized and forceful than the market was built to expect.

    What investigators are watching now

    On‑chain analysts from Arkham, ZachXBT, and firms such as PeckShield continue to track the $175 million in newly moved ETH and the cross‑chain flows through THORChain, Umbra, and other DeFi protocols. Multiple sources report that the attacker has created several new addresses, redistributing smaller chunks of ETH in an attempt to deepen the laundry trail rather than simply exiting the ecosystem.

    For now, the key open questions remain:

    How much of the remaining $175 million can be effectively traced or recovered?Will law enforcement or exchange operators manage to freeze or seize additional assets on other chains?And whether the broader DeFi ecosystem will harden restaking and bridge architectures in response to the Kelp DAO exploit.

    Those answers will shape both the financial fallout and the ideological debate about how much centralized control is acceptable in an ecosystem built on the promise of decentralization. 



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    10 Best Crypto Credit Cards: Rewards, Fees, Pros and Cons – NFT Plazas

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    10 Best Crypto Credit Cards: Rewards, Fees, Pros and Cons – NFT Plazas


    Finding a crypto credit card that can actually fit into everyday spend, deliver real rewards, manage fees, and still make sense in a volatile crypto market can be harder than it looks. Most crypto cards promise strong cashback, but the underlying structures for credit, wallet control, assets, and payment rules often determine how useful they are in practice.

    In this guide, the focus is on how these crypto credit cards actually work in real usage, not just marketing claims. It breaks down rewards, fees, credit line differences, and how each card connects to crypto wallets and exchanges.

    You will also see which crypto cards make sense for beginners, and which ones are better suited for users already active in crypto markets and managing digital assets daily.

    Top Crypto Credit Cards at a Glance: Quick Comparison

    CardCrypto Reward Rate (%)Supported CryptocurrenciesAnnual FeeBest ForGemini Credit CardUp to 3%70+$0Crypto-Savvy US UsersMetaMask Card3%9Free (virtual)Users who want to spend crypto from a self-custody walletCrypto.com Visa Card8%100+$0 (staking required)High cashback with staking rewardsVenmo Credit Card3%4$0Turning cashback into crypto easilyNexo Card2%100+$0Spending without selling cryptoWirex CardUp to 8%150+$0Multi-currency spend across crypto and fiatCoinbase One Card4%375+Subscription basedHigh-tier Bitcoin rewards tied to platform assetsBybit CardUp to 5%8$0Staking-free reward modelether.fi Card4%3+0$Non-custodial spending with yield-backed cryptoKAST CardVaries 25+Free (Core/Cash)Flexible global payment and multi-currency use

    10 Best Crypto Credit Cards in 2026

    1. Gemini Credit Card – Best for Crypto-Savvy US Users

    Gemini Credit Card - Best for Crypto-Savvy US Users

    The Gemini credit card is a crypto credit card designed for users who already understand how crypto works and want to earn rewards without changing how they use a regular credit card. It runs on a real credit line, so every purchase earns crypto rewards in Bitcoin or other supported tokens, sent directly to the Gemini wallet after each transaction.

    Gemini works best in the US because the underlying system is built around the US credit model. Approval is tied to a real credit line, billing cycles follow standard US payment behavior, and the structure feels familiar for users already used to a traditional credit card. 

    Key Details

    Card Type: Crypto credit cardAnnual Fee: No annual feeCredit Line: Based on approval and user account profileRewards: up to 3% back on dining, 2% on groceries, and 1% on other purchasesCrypto Rewards: Users can choose to receive their rewards in popular assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and stablecoins like Gemini Dollar (GUSD).Reward Payout: Sent to Gemini wallet after each transactionWallet Integration: Direct link to in-app wallet for managing assetsSupported Assets:  70+ different cryptocurrencies available on the Gemini exchange. Spending: Works for everyday spending, including groceries and billsMobile Payments: Supports Apple Pay and Google PayExchange Access: Built into a regulated cryptocurrency exchangeFees: Maker fee starts at 0.20%, and taker fee starts at 0.40%. Balances: Managed like a standard credit account with a monthly paymentVirtual Card: Available for online purchase and instant use

    Pros and Cons

    Pros ConsStrong regulatory compliance within the US marketDerivatives not available in the US, EU, or UKEasy to navigate for beginners entering crypto and managing a walletSmaller range of tradable assets compared to larger platformsMobile app supports on-the-go access and quick transaction trackingSOC 1 and SOC 2 certifications for added trust and infrastructure reliability

    2. MetaMask Card – Best for Self‑custody Spending

    MetaMask Card – Best for Self‑custody SpendingMetaMask Card – Best for Self‑custody Spending

    The MetaMask Card is a crypto card designed for users who want full control over their crypto and prefer to spend it directly from a self-custody wallet rather than relying on an exchange. Unlike most crypto credit cards, this is closer to a debit-style setup where your assets stay in your wallet until you pay, then convert to fiat at checkout. 

    It runs on the Mastercard network and works with Apple Pay and Google Pay, so it fits into normal everyday purchases even though it is built around self-custody. 

    Key Details

    Card Type: Crypto debit style card (not a traditional credit card)Wallet Integration: Direct connection to a self-custody walletSpending Model: Spend crypto directly from your wallet without preloading fundsSupported Assets: 9 (mUSD, amUSD, wETH, EURe, GBPe, USDC, aUSDC, aBasUSDC, and USDT).Conversion: Crypto is converted to fiat currencies at the point of payment Rewards: Up to 1% to 3% cashback depending on card type Annual Fee: Free virtual card, paid tier available (Metal)Virtual Card: Available instantly for online purchaseMobile Payments: Supports Apple Pay and Google PayApp Access: Managed through the MetaMask appControl: Full control of assets until each transaction is completed Fees: Small network and swap fees apply, depending on the tokens used ATM Access: Higher tiers may include free ATM withdrawal limits Spending Limits: Daily and tier-based limits on spend and withdrawalsAvailability: Limited regions, with gradual rollout across the market 

    Pros and Cons 

    ProsConsThe direct self-custody model lets you spend crypto straight from your wallet without moving fundsNot a true credit card, so no credit line or borrowing optionNo annual fee for the virtual card, which keeps the entry cost low$199 yearly cost for the Metal tierEarn cashback in stable tokens on every purchaseRewards structure depends on region and card tierInstant conversion at checkout keeps balances flexible

    3. Crypto.com Visa Card  – Best for High Cashback With Staking Rewards

    Crypto.com Visa Card  - Best for High Cashback With Staking RewardsCrypto.com Visa Card  - Best for High Cashback With Staking Rewards

    Crypto.com visa card rewards users who commit crypto to unlock higher cashback and stronger rewards across multiple tiers. This card does not operate like a traditional credit card, since funds are loaded into the account before each purchase. Users spend from available balances, making it closer to a prepaid model than a revolving credit setup.

    What sets it apart is the tier system tied to CRO tokens, where higher stakes unlock better benefits and more competitive rewards. Top levels offer some of the highest cashback rates in the market, along with added perks tied to ongoing spend. 

    Key Details

    Card Type: Prepaid crypto card (not a traditional credit card)Rewards: Up to 1% to 8% cashback in CRO tokens, depending on tier Staking Requirement: Higher rewards and benefits require locking CRO assetsAnnual Fee: No standard annual fee, but tier access may require staking or subscriptionSpending Model: Users fund the account first, then spend from available balancesWallet Integration: Linked to the Crypto.com wallet for managing assetsRewards Payout: Rewards credited in CRO after each eligible transactionMobile Payments: Supports Apple Pay and Google Pay, depending on regionATM Access: Tier-based free ATM withdrawal limits available Fees: 1% fee for top-ups via credit/debit card. ATM withdrawals are free up to monthly limits (based on tier), with a 2% fee thereafter. Foreign transaction fees range from 0%–3% depending on the card tier and regionExchange Access: Integrated with Crypto.com exchange and appVirtual Card: Available for online purchase before the physical card arrivesMarket Availability: Widely available, but features vary by region and market

    Pros and Cons

    ProsConsHigh cashback potential, with some of the strongest rewards in the marketHigh staking requirement to unlock top-tier benefitsNo annual fee, which improves long-term valueA complex tier system can be confusing for new usersEarn rewards in CRO tokens on every eligible purchaseSome transactions do not qualify for rewardsIntegrated with the Crypto.com wallet and exchange for managing assets

    4. Venmo Credit Card  – Best for Turning Cashback Into Crypto Easily

    Venmo Credit Card  - Best for Turning Cashback Into Crypto EasilyVenmo Credit Card  - Best for Turning Cashback Into Crypto Easily

    The Venmo credit card makes it easier for users to move from traditional cashback into crypto without changing how they already spend. Every purchase earns rewards in cash, which can be automatically converted to Bitcoin, Bitcoin Cash, or other supported tokens in the Venmo app. This setup removes the need to spend crypto directly or manage a separate crypto wallet at checkout.

    Key Details

    Card Type: Traditional credit card with optional crypto integrationAnnual Fee: No annual feeRewards: 3% cashback on the top spend category, 2% on the second category, 1% on all other purchase activity.Crypto Feature: Option to auto convert cashback into crypto monthly Reward Timing: Rewards paid monthly, not per transactionWallet Integration: Built into the Venmo wallet and accountMobile Payments: Supports Apple Pay and Google Pay Spending: Designed for everyday spending and bill paymentVirtual Card: Available for online purchase and useApp Access: Managed fully within the Venmo appFees: 3% fee on the transaction amount and 0% for foreign transactions.Balances: Standard revolving credit with a monthly payment

    Pros and Cons

    ProsCons Easy path to earn crypto from normal cashbackDoes not earn crypto rewards directly on each purchaseNo annual fee, making it accessible for most usersConversion spread can reduce real value of rewardsAutomatic category system boosts cashback without trackingWorks anywhere Visa is accepted for daily payment use

    5. Nexo Card  – Best for Spending Without Selling Crypto

    Nexo Card  - Best for Spending Without Selling CryptoNexo Card  - Best for Spending Without Selling Crypto

    The Nexo card allows users to spend crypto without selling their assets outright. It works in two modes, Credit and Debit, allowing spending either through a credit line backed by holdings or directly from available balances in the wallet. In Credit Mode, users borrow against crypto while maintaining exposure to market movements.

    Making it more flexible than most crypto credit cards, since spending does not always require token liquidation. 

    Key Details

    Card Type: Dual-mode crypto card (Credit and Debit)Spending Model: Spend via credit line or direct crypto conversionRewards: Up to 2% cashback in crypto, depending on tierAnnual Fee: No monthly or annual feeWallet Integration: Connected to the Nexo wallet and appCredit Line: Available against held assetsMobile Payments: Supports Apple Pay and Google PayATM Access: Tier-based free ATM withdrawals availableFees: 2% charge on ATM withdrawalsRewards Payout: Paid in Bitcoin or NEXO tokensAccount Control: Managed through a single account dashboard

    Pros and Cons

    ProsCons Let users spend crypto without selling assetsAccess depends on the region’s availabilityDual Credit and Debit modes increase flexibilityComplex structure for beginnersUp to 2% cashback in crypto rewardsCredit Mode introduces borrowing riskWorks globally on the Mastercard network

    6. Wirex Card  – Best for Multi-Currency Crypto Spending

    Wirex Card  - Best for Multi-Currency Crypto SpendingWirex Card  - Best for Multi-Currency Crypto Spending

    The Wirex card is a crypto card designed for users who frequently move between fiat currencies and crypto. It allows spending directly from a crypto wallet, automatically converting assets at the point of purchase. The system supports both everyday spending and cross-currency transactions without requiring manual exchange steps.

    Key Details

    Card Type: Crypto debit cardNetwork: Visa or Mastercard, depending on regionSpending Model: Direct spend crypto or fiat conversion at checkoutRewards: Crypto rewards on select purchase categoriesAnnual Fee: No standard annual fee on the basic tierWallet Integration: Connected to Wirex walletConversion: Automatic exchange at the point of transactionMobile Payments: Supports Apple Pay and Google PayAccount: Single account for fiat and crypto balancesFees: 2% fee on ATM withdrawals Virtual Card: Available for online purchaseSpending: Designed for global everyday spending

    Pros and Cons

    ProsConsSupports both crypto and fiat currencies in one walletFees depend on region and transaction typeEasy spend crypto conversion at checkoutThe rewards structure is limited in some regionsWorks with Visa and Mastercard networksNot all crypto card features are available globallySimple account management for multiple assets

    7. Coinbase One Card  – Best for High Tier Bitcoin Rewards Tied to Platform Assets

    Coinbase One Card  - Best for High Tier Bitcoin Rewards Tied to Platform AssetsCoinbase One Card  - Best for High Tier Bitcoin Rewards Tied to Platform Assets

    The Coinbase One card is primarily for users already active on the Coinbase exchange who want to earn Bitcoin rewards tied to their overall crypto holdings. It runs on a real credit line and gives up to 4% cashback in Bitcoin, with rewards increasing as more assets are held in the Coinbase account.

    The credit card has no traditional annual fee for eligible members, but access requires a paid Coinbase One subscription. Rewards are paid in Bitcoin after each eligible purchase, and the system adjusts based on spend, holdings, and tier level. 

    Key Details

    Card Type: Crypto credit cardNetwork: American Express (via Coinbase One program)Rewards: Up to 4% Bitcoin rewards based on crypto holdingsAnnual Fee: No direct annual fee, but a Coinbase One subscription is requiredCredit Line: Approved based on account profile and platform usageWallet Integration: Direct connection to the Coinbase wallet and exchangeRewards Payout: Paid in Bitcoin after an eligible transactionSpending Model: Standard credit card use for everyday purchase activityMobile Payments: Supports Apple Pay and Google PayEligibility: Limited to US Coinbase One members

    Pros and Cons

    ProsConsHigh Bitcoin rewards up to 4% based on assets heldRequires a paid Coinbase One subscriptionStrong integration with the Coinbase wallet and exchangeNot fully accessible to users outside the US usersWorks like a normal credit card with a real credit lineTier system affects real cashback consistency

    8. Bybit Card – Best for Staking-free Reward Model

    Bybit Card - Best for Staking-free Reward ModelBybit Card - Best for Staking-free Reward Model

    The Bybit card does not require you to lock up or stake large amounts of native tokens to earn its baseline cashback and benefits.  It works as a prepaid style visa card where funds are converted at the point of each transaction, allowing users to pay with crypto or stablecoins without manual conversion steps.

    The card is most useful for users already active on the Bybit exchange, since rewards, limits, and features vary by region and spend level. Some versions offer cashback on eligible purchase categories, while others focus more on seamless payment and liquidity access 

    Key Details

    Card Type: Crypto credit cardNetwork: American Express (via Coinbase One program)Rewards: Up to 4% Bitcoin rewards based on crypto holdingsAnnual Fee: No direct annual fee, but a Coinbase One subscription is requiredCredit Line: Approved based on account profile and platform usageWallet Integration: Direct connection to the Coinbase wallet and exchangeRewards Payout: Paid in Bitcoin after an eligible transactionSpending Model: Standard credit card use for everyday purchase activityMobile Payments: Supports Apple Pay and Google PayFees: 0.9% crypto-to-fiat conversion fee, a 2% ATM withdrawal fee (after the first €100/USD monthly), and foreign exchange fees ranging from 0.5% to 2%.Eligibility: Limited to US Coinbase One members

    Pros and Cons

    Pros Cons Direct access to crypto for everyday spendCashback programs not available everywhereWorks globally on the Mastercard networkLimited transparency on tier consistencySupports flexible payment with multiple tokensUseful for active traders managing assets

    9. ether.fi Card  – Best for Non-custodial Spending With Yield Backed Crypto

    ether.fi Card  - Best for Non-custodial Spending With Yield Backed Cryptoether.fi Card  - Best for Non-custodial Spending With Yield Backed Crypto

    The ether.fi card operates on a non-custodial model, meaning funds remain in a user-controlled wallet while still usable for real-world purchases. Spending can happen directly through borrowed value or collateral-backed credit, depending on how the account is set up.

    What sets it apart from most crypto credit cards is how it ties spend, yield, and rewards together. Users can keep earning staking or yield returns on deposited crypto assets while still using them for everyday payment. 

    Key Details

    Card Type: Crypto-backed non-custodial cardSpending Model: Spend via collateral-backed credit or direct crypto useWallet Integration: Self-custody wallet connectionRewards: Up to 3% cashback depending on tier and spend levelAnnual Fee: No standard annual fee for the basic tierYield Feature: Assets can continue earning yield while used for spendingMobile Payments: Supports Apple Pay and Google PayFees: FX and platform fees depend on usage and regionATM Access: Available in some regions with limitsApp Access: Managed through ether.fi app and dashboardSpending: Designed for global everyday spending and purchase use

    Pros and Cons

    Pros ConsNon-custodial setup gives full control of the crypto wallet and assetsRequires understanding of DeFi and collateral-based creditLets users spend crypto without selling underlying assetsSetup is more complex than typical crypto cardsEarns rewards while assets continue generating yieldCombines spend, yield, and crypto credit in one system

    10. KAST Card  –  Best for Stablecoin

    KAST Card  -  Best for StablecoinKAST Card  -  Best for Stablecoin

    The KAST card allows users to spend crypto, stablecoins, or fiat balances directly from a linked wallet, converting assets automatically at the point of each purchase. This makes it useful for global payment activity where flexibility matters more than fixed credit structures.

    Unlike traditional crypto credit cards, the KAST system focuses more on multi-currency control and real-time exchange at checkout.  

    Key Details

    Card Type: Crypto debit style cardNetwork: Visa or Mastercard, depending on regionSpending Model: Direct spend crypto or fiat conversion at checkoutSupported Assets:  KAST supports 25+ cryptocurrencies and stablecoins Wallet Integration: Unified wallet and account systemRewards: 8%–12% for Premium cashback, 2% for Standard tier.Annual Fee: $0 for Standard  annual fee, premium $1,000, limited $5,000, and Luxe (Founders Card) is $10,000Conversion: Automatic exchange at the point of transactionMobile Payments: Supports Apple Pay and Google Pay in supported regionsFees: it offers 0% fees for top-ups, USD spending, and Apple/Google Pay. Other costs include a 0.5%–1.75% foreign exchange fee for non-USD transactions.Virtual Card: Available for instant online purchase

    Pros and Cons

    ProsConsSupports both crypto and fiat in one unified walletLimited transparency on reward consistencyEasy real-time spend crypto conversion at checkoutNot as well-known as major crypto cardsUseful for global payment and travel spendStill developing full market coverageSimple multi-currency account structureSome fees depend on FX and conversion usage

    What Is a Crypto Credit Card?

    A crypto credit card is a credit card that lets users earn crypto rewards instead of traditional points or miles when they spend. It works like a normal credit card, using a credit line to pay for purchase activity, with repayment handled through a linked account.

    Some crypto cards convert card rewards into Bitcoin, stablecoins, or other digital assets, which are sent to a wallet after each transaction or billing cycle. Others allow users to spend crypto directly by converting assets at checkout. In both cases, the goal is to link everyday spending with crypto exposure.

    How Crypto Rewards Credit Cards Work

    A crypto credit card works like a normal credit card: a credit line is used to pay for purchases, and the balance is repaid later through an account. The difference is in the rewards, where cashback or card rewards are converted into crypto such as Bitcoin, stablecoins, or other digital assets. In most cases, rewards are sent to a connected wallet after each transaction or billing cycle.

    Some crypto cards also let users earn crypto from everyday spending, with fees, limits, and reward structures varying by provider and market. Others integrate with a crypto trading platform, allowing users to manage assets, track balances, and decide how to spend or hold their crypto rewards.

    Crypto Credit Cards vs Crypto Debit Cards

    A crypto credit card allows users to pay now and repay later with a credit line, while still earning crypto rewards on purchases. A crypto debit card, on the other hand, uses existing wallet or account balances, meaning users can only spend crypto or fiat they already hold.

    With credit cards, rewards are often tied to spending behavior and credit usage, while debit crypto cards focus more on direct asset conversion at the point of transaction. Debit cards usually involve fewer fees, but they do not offer borrowing power or traditional credit flexibility.

    Who Should Use a Crypto Credit Card?

    A crypto credit card is best for users who already understand crypto, want to earn crypto on everyday spending, and prefer using a traditional credit system rather than prepaid wallet models. It suits people who regularly make purchases and want cashback in Bitcoin or other tokens instead of fiat rewards.

    It also works well for users who manage both credit and crypto assets, especially those who later use a crypto margin exchange to actively trade and grow their holdings. However, it may not suit users who want simple spending without dealing with credit, market exposure, or crypto volatility.

    Advantages and Disadvantages of Using Crypto Credit Cards

    Advantages of Using Crypto Credit Cards

    Earn crypto rewards: Earn crypto rewards like Bitcoin or other digital assets on everyday purchase activityCredit flexibility: Access a real credit line to pay and manage spending over time like a standard credit cardLow upfront cost: Many crypto cards come with no annual fee, which improves long-term valueWide acceptance: Works globally through Visa or Mastercard for regular payment needsPlatform integration: Connects directly to a crypto wallet or cryptocurrency exchange to manage assetsPassive exposure: Builds crypto holdings through normal spending without separate purchase actionsFlexible rewards structure: Adjusts rewards based on spend, tiers, or total assets held

    Disadvantages of Using Crypto Credit Cards

    Market volatility risk: Crypto rewards can lose value due to changes in the marketHidden and variable fees: Conversion, FX, and transaction fees can reduce overall cashback, especially if rewards are moved across platforms instead of using a zero fee crypto exchange.Complex reward systems: Tier based rewards structures can be difficult to trackStaking requirements: Locking assets is often required to unlock higher rewards or benefitsIndirect crypto exposure: Some credit cards convert cashback into crypto instead of offering direct crypto rewardsPlatform dependency: Full functionality often depends on a linked exchange or wallet system

    How to Choose the Right Crypto Credit Card

    1. Decide Which Crypto You Want to Earn

    Start with the crypto itself. Some crypto credit cards focus on Bitcoin rewards, while others offer multiple tokens or even stablecoins. The right card depends on whether the goal is long term exposure to specific assets or flexible rewards that can be moved or traded inside a wallet or exchange.

    2. Compare Reward Rates

    Not all rewards are equal. Some crypto cards offer high cashback rates, but only in specific categories or after meeting certain spend levels. Others provide lower but more consistent rewards across every purchase, so it comes down to how spending habits align with the card’s rewards structure.

    3. Check Annual Fees and APR

    Some cards come with no annual fee, while others tie better benefits to paid tiers or subscriptions. Interest also matters, especially for a true credit card, since carrying balances can reduce the overall value of any rewards earned.

    4. Consider Staking or Holding Requirements

    Some of the highest-earning crypto credit cards require holding or locking crypto assets to unlock better cashback and benefits. This adds another layer of risk, since the value of those assets depends on the market, and access may be limited during the lock period.

    How to Apply for a Crypto Credit Card

    Choose a card: Start by selecting a crypto credit card that fits your rewards, fees, and supported crypto assets. The right card depends on whether the goal is long-term exposure or flexibility, especially for users considering the best cryptocurrency to buy for long-term growth while earning rewards from everyday spending.Create an account: Sign up on the provider’s platform or cryptocurrency exchange and verify your accountComplete KYC verification: Submit required details to confirm identity before accessing credit featuresCheck eligibility: Approval depends on credit history, region, and in some cases, existing assets or platform activityApply for the card: Fill out the application to request a credit line and link it to your walletGet approved: Once approved, access a virtual card for immediate purchase and payment useActivate and fund: Set up the card in the app, review fees, and prepare for spendingStart using the card: Use the card for everyday transactions and begin earning crypto rewards on each purchase

    Conclusion

    The best crypto credit card comes down to how you spend, the type of rewards you want, and how comfortable you are managing crypto. Some crypto credit cards keep things simple with steady cashback, while others offer higher rewards tied to staking, tokens, or activity on a cryptocurrency exchange. The right card should fit your habits without adding unnecessary fees or complexity. In the end, a good crypto card makes it easier to build crypto assets from everyday purchase activity.

    FAQs

    What is the best crypto credit card for beginners?

    For beginners, the best crypto credit card is usually one with a simple rewards structure and no staking requirement. Cards like Gemini or Venmo work well because rewards are easy to track, there’s no need to manage complex tokens, and everything runs through a familiar credit card system. The goal at this stage is ease of use, not maximizing cashback.

    What is the best platform to buy cryptocurrency with a credit card?

    The best platform is typically a regulated cryptocurrency exchange that supports direct credit card purchases and has clear fees. Platforms like Coinbase, Gemini, and Crypto.com allow users to buy crypto using a credit card, though transaction costs are usually higher than bank transfers. Most exchanges process payments in fiat and then convert them into crypto assets behind the scenes.

    Do crypto credit cards require staking to earn rewards?

    No, not all crypto credit cards require staking. Some offer fixed rewards or cashback without locking assets, while others increase rewards based on staking or holding specific tokens. Staking means locking crypto for a period to earn additional returns, but it also reduces liquidity and exposes assets to market risk.

    Are crypto credit cards safe to use?

    Crypto credit cards are generally safe when issued by regulated providers and used like a normal credit card. Transactions still run through networks like Visa or Mastercard, and merchants receive fiat payment, not crypto directly. 

    The main risks come from fees, platform security, and the volatility of crypto rewards, not the card itself.

    What happens to my rewards if I cancel my crypto credit card?

    In most cases, earned crypto rewards remain in your linked wallet or account even after the card is closed. However, some platforms may require rewards to be redeemed or transferred before cancellation. It depends on the provider, so checking the details and the fee policy is important before closing the account.



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    Kelp DAO $290M Exploit Raises Questions for NFT Wallets Using DeFi – NFT Plazas Kelp DAO $290M Exploit Raises Questions for NFT Wallets Using DeFi

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    Kelp DAO 0M Exploit Raises Questions for NFT Wallets Using DeFi – NFT Plazas Kelp DAO 0M Exploit Raises Questions for NFT Wallets Using DeFi


    Kelp DAO — a liquid restaking protocol in the Ethereum ecosystem — was exploited for approximately $290 million on April 18, 2026, forcing the project to pause rsETH contracts on both mainnet and multiple Layer 2 networks for investigation. The incident was identified as being related to security configurations in the cross-chain system using LayerZero, while the team and security partners continue to analyze the cause. Although not directly related to NFTs, this incident still makes NFT wallets more risky when interacting with DeFi, given the limited market liquidity.

    What Happened in the $290M KelpDAO Exploit

    According to an official announcement from Kelp DAO on April 19, the project detected “abnormal cross-chain activity involving rsETH” and immediately paused contracts to limit damage. At the same time, LayerZero — the messaging infrastructure provider — confirmed the exploit was related to KelpDAO’s configuration, with damages estimated at approximately $290 million.

    Initial analysis indicates that the incident did not originate from a core bug in LayerZero, but rather from how KelpDAO implemented its Decentralized Verifier Network (DVN) system. Specifically, the protocol used a “1-of-1 DVN” model — meaning it relied on a single verifier — creating a single point of failure. The attacker exploited this vulnerability by manipulating the RPC infrastructure, thereby sending fake messages that caused the system to confirm non-existent transactions.

    LayerZero stated that the incident was “completely isolated” to KelpDAO’s rsETH configuration and did not spread to other applications or assets. Meanwhile, Kelp DAO said it is coordinating with LayerZero and auditing firms to investigate the matter, while maintaining the paused status of related contracts until further official conclusions are reached.

    Why It Matters Beyond KelpDAO

    Despite being confirmed as not widespread on LayerZero, the market reaction shows that risks can still spread through interconnected DeFi layers.

    Aave TVL chart

    Aave TVL chart. Source: DefiLlama

    Within hours of the incident, the AAVE token dropped about 17%, from $111 to $92. Aave’s Total Value Locked (TVL) also plummeted from about $26.3 billion to $20 billion, before continuing to decline toward $17.9 billion in the following days. The cause was that rsETH — an asset directly linked to KelpDAO — was used as collateral in the lending system, causing “bad debt” to appear in parts of the system and forcing protocols to pause certain markets.

    On a broader scale, the total market DeFi TVL also dropped from approximately $99.4 billion to $86.2 billion, equivalent to a decrease of more than $13 billion in a short period.

    Total DeFi TVL chartTotal DeFi TVL chart

    Total DeFi TVL chart. Source: DefiLlama

    Although considered ‘isolated’, the KelpDAO incident still spread rapidly through collateral positions and liquidity flows as DeFi layers became increasingly tightly linked.

    How NFT Wallets Impact

    The incident is not directly related to NFTs, and there is no evidence yet that NFT collections were attacked or technically affected. However, the boundary between NFT wallets and DeFi is almost no longer clear.

    Many users do not just hold NFTs but also use the same wallet to participate in lending, staking, or restaking. In this case, NFTs can be used as collateral to borrow ETH, which is then deployed into protocols like KelpDAO to earn yield. When rsETH faces an incident, lending positions can quickly fall into a bad debt state.

    This does not mean the NFT was “hacked,” but it can lead to indirect consequences, such as losing the ability to maintain loans, collateral liquidation, or getting liquidity trapped in paused protocols.

    Even for those who merely hold NFTs, risk still exists if that wallet has interacted with DeFi smart contracts or granted permissions (approvals) to related protocols. When multiple applications share a single wallet, an incident in one protocol can pose risks to the rest of the assets.

    What NFT Collectors Should Do Now

    Following the KelpDAO incident, NFT collectors — especially those with wallets interacting with DeFi — should take some basic risk prevention steps:

    Review and revoke approvals

    Check and revoke permissions granted to smart contracts, especially if the wallet has interacted with restaking or bridges. You can use Revoke.cash for a quick review.

    Separate high-value assets

    Move high-value NFTs to a separate wallet that is not shared with wallets frequently interacting with DeFi.

    Limit cross-chain activity (short term)

    Temporarily limit bridging assets or interacting with cross-chain contracts, especially with infrastructure related to the incident, until clearer information is available.

    Monitor lending positions (if applicable)

    Track borrowing or margin positions, especially collateral levels and liquidation thresholds, to avoid being liquidated during market volatility.

    Stay alert to phishing risks

    Avoid accessing unverified links or fake “compensation” programs; only follow announcements from the project’s official channels.

    Shared Risk Across Crypto Ecosystems

    The $290M shock from KelpDAO shows that layers in the crypto ecosystem — from restaking and lending to NFTs — are increasingly tightly linked. An exploit does not need to target NFTs directly to create pressure on users through DeFi protocols.

    While LayerZero maintains the incident did not spread to other applications, market reactions show that systemic risk lies not just in code or protocols, but in how liquidity and positions are connected across platforms.

    In this context, risk no longer stops at an individual protocol — it can spread to all assets if they reside in the same wallet or the same chain of positions.



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    Memecoins: Culture, Trade, or Casino?

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    Memecoins: Culture, Trade, or Casino?



    You’ve seen the screenshots. Someone turns $200 into $80,000 overnight. A coin named after a dog, a frog, or a sitting US president spikes 4,000% in 72 hours. Your group chat loses its mind.

    That’s the memecoin cycle, and it’s been running on repeat since Dogecoin turned a joke into a $88 billion market cap in 2021. By 2024, the total memecoin market hit $150 billion. Tens of thousands of new tokens launched every single day.

    So what are you actually looking at? A new form of internet culture that happens to carry financial value? A legitimate trading market with extreme volatility? Or a casino dressed up in memes?

    The answer depends on where you’re sitting at the table and whether you know what game is being played.

    Where the Money Actually Comes From

    Before jumping into memecoins, it helps to see how money enters these markets. Many traders first move funds from larger assets into smaller, more speculative ones, using common swap paths like eth to doge on services such as Changelly. That process may look simple, but it’s often the gateway through which retail money reaches memecoins.

    Every memecoin needs buyers. Price rises only when new money comes in, which means late entrants usually fund earlier exits.

    A small group of early traders and token creators capture most of the gains, while late retail buyers take most of the losses. That isn’t a side effect. It’s how the model works.

    Early participants often benefit from bonding curves, where prices rise automatically as demand increases. By the time a token is trending on X or Telegram, insiders are often ready to sell into that attention.

    Bots make this even worse. They can buy at launch faster than any human, giving insiders and automated traders another major edge. The real question isn’t whether people lose money — it’s whether they understand the setup before entering it.

    The Culture Part Is Real

    Memecoins are easy to dismiss as pure speculation. But that misses something genuine.

    When someone buys PEPE or DOGE, they’re not just making an investment. They’re joining a tribe. They’re saying: “I get the joke, I’m part of the culture, and I believe in what we’re building together.” That kind of identity-driven belonging is something traditional finance has never managed to create.

    The platforms powering these communities operate at real scale. Telegram has 200 million active users, many of whom participate in crypto communities. The #memecoin hashtag has been used 1.2 million times on X.

    The culture also spreads information in ways that traditional media doesn’t. Crypto pioneer Olaf Carlson-Wee points out that every time a news event or viral moment occurs, a coin gets launched and attached to it. He gives the example of someone learning about the death of Pope Francis through a memecoin.

    But here’s the problem. The same community energy that makes memecoins feel real is also what makes them effective vehicles for hype. A tight-knit group of believers and a coordinated pump-and-dump look almost identical from the outside. The culture is real. So is the exploitation of it.

    What “Degen” Culture Actually Means

    “Degen” is short for degenerate. In memecoin circles, it’s not an insult. It’s a badge.

    The entire culture thrives on adrenaline-fueled speculation. Traders chase quick wins fueled by FOMO, hype, and the explosive reach of social media. Get in early, get out before the crash, post the screenshot.

    The feedback loop is what makes it sticky. The volatile swings create an addictive cycle: the excitement of rapid gains pulls traders back in, despite the constant risk of losing everything. A 2025 survey of 700 cryptocurrency traders found that 33.7% met the criteria for problematic gambling, and another 33.9% were classified as at-risk.

    Not everyone goes in blind. Many degens know exactly what they’re doing and treat it as entertainment with a financial stake. The problem is the market doesn’t distinguish between them and first-timers. Both pay the same price when it drops.

    Memecoins vs. Trading vs. Gambling — The Honest Comparison

    Three activities. All involve risk and the possibility of loss. But they’re not the same thing, and the differences matter.

    Memecoins
    Traditional trading
    Casino gambling

    What drives price
    Hype, virality, social media
    Fundamentals, earnings, macro
    Fixed mathematical odds

    Role of skill
    Minimal. Timing and insider access dominate
    Significant. Analysis improves outcomes
    None. Outcomes are random

    Odds of profit
    95% of newly launched memecoins classified as scams or failures in 2025
    Varies. Long-term equities historically positive
    House edge: 1–15% against the player

    Transparency
    55% of memecoins classified as malicious. Insider wallet concentration common
    Public filings, audited financials, disclosures
    Published odds, licensed operators

    Regulation
    Unlike regulated gambling, risks are rarely disclosed. No consumer protections
    SEC, FCA, and equivalents enforce rules
    Strictly licensed and audited

    Who controls outcome
    Insiders, early buyers, bots
    Broadly distributed market forces
    The house

    One analyst described it plainly: memecoin trading is a zero-sum game where wealth is transferred between participants, not created. The table above shows why the casino column is closer to memecoins than most people expect. And in one key way, memecoins are actually worse: casinos are required to publish their odds.

    The Numbers That Don’t Make the Headlines

    The success stories travel fast. The failure data doesn’t.

    97% of memecoins have already ceased to exist. The average lifespan of a memecoin is one year, one-third the lifespan of an average crypto project. Over 2,000 memecoins disappear every month. In 2025, 60% of new memecoins were active for less than one day.

    The scale of failure is accelerating. Over 1.3 million crypto projects failed in 2024 alone. In 2021, that number was just 2,584. 86% of those 2024 collapses were concentrated in the memecoin segment.

    The losses are concrete. More than $500 million was lost to memecoin rug pulls and scams in 2024, according to crypto intelligence platform Merkle Science. 75% of those attacks originated on X. The TRUMP and MELANIA tokens alone tell the story in one number: for every dollar insiders earned, ordinary investors lost $20. Retail losses exceeded $4.3 billion from nearly two million wallets.

    28% of memecoin investors have reported losses due to scams. That’s not an edge case. That’s close to one in three.

    How Rug Pulls and Pump-and-Dumps Actually Work

    Two scams dominate the memecoin space. They look different but share the same logic: get out before everyone else does.

    A pump-and-dump follows a clear sequence. First comes narrative creation. A compelling story is crafted around the token, complete with a website, whitepaper, and roadmap. All of it is theater. Then the hype machine activates: paid influencers post, Telegram groups are seeded with thousands of members, and the volume of positive signals creates the illusion of genuine community excitement. Retail traders pile in. Insiders sell. Price collapses.

    A rug pull is faster. Developers launch a token, collect liquidity, and disappear. On Pump.fun, twelve wallet clusters engineered nearly one-fifth of all token creations while orchestrating 82% of liquidity drains. Most retail traders never realize what happened.

    The scale makes it industrial. Of over 7 million tokens deployed on Pump.fun between January 2024 and March 2025, only 97,000 maintained liquidity above $1,000. 98.6% collapsed into worthless pump-and-dump schemes shortly after launch.

    One anonymous trader described the process to CryptoSlate as “brain-dead easy,” averaging 400 SOL per week, roughly $60,000 to $65,000, by deploying mass sniping tools that simulate fake demand at launch.

    This isn’t a bug. It’s the business model.

    The Case for Memecoins, in Their Own Words

    The critics have data. So do the defenders.

    According to Gemini’s 2025 Global State of Crypto report, 94% of memecoin owners globally also hold other types of crypto. In the United States, 31% of investors who own both categories started with a memecoin first. In France, that figure rises to 67%. Like them or not, memecoins are pulling people into crypto who weren’t there before.

    The TRUMP token alone pulled over 760,000 first-time wallets into crypto. That’s not nothing. Those are real people interacting with wallets, transactions, and on-chain activity for the first time.

    The onboarding argument has a structural logic behind it. Memecoins are cheap to buy, easy to understand, and culturally familiar. They don’t require reading a whitepaper. A low barrier to entry and cultural resonance are powerful tools for onboarding, and memecoins have proven that.

    That said, onboarding through a market where 97% of projects fail and 28% of investors report scam losses is a rough welcome to crypto. Getting someone through the door matters less if the first room they enter takes their money.

    The post Memecoins: Culture, Trade, or Casino? appeared first on NFT Plazas.



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    What Is Asteroid Shiba (ASTEROID)? The SpaceX Mascot Story Behind Crypto’s Wildest Rally This Week – NFT Plazas

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    What Is Asteroid Shiba (ASTEROID)? The SpaceX Mascot Story Behind Crypto’s Wildest Rally This Week – NFT Plazas


    In a market often driven by hype, speculation, and fleeting narratives, it’s rare for a cryptocurrency rally to carry genuine emotional weight. But this week, a little-known memecoin called Asteroid Shiba (ASTEROID) did exactly that, exploding into one of the most extraordinary rallies of 2026.

    The catalyst wasn’t a protocol upgrade, a major partnership, or institutional inflows.

    It was a story.

    A story about a 15-year-old girl, a plush Shiba Inu astronaut, and a final question asked to Elon Musk.

    A Two-Word Reply That Moved Millions

    Crypto markets are no strangers to Elon Musk’s influence. But even by his standards, what happened with ASTEROID was extreme.

    Following a viral post about Liv Perrotto, a teenage cancer patient who had passed away earlier this year, Musk responded to her final list of questions with a brief but powerful acknowledgment. When asked whether her creation, a Shiba Inu plush named “Asteroid,” could become the official SpaceX mascot, Musk replied simply:

    “Ok.”

    That was enough.

    Within hours, ASTEROID surged parabolically. Market capitalization jumped from tens of thousands to tens of millions. Traders rushed in. Volume exploded. And once again, crypto proved how quickly narrative can turn into capital.

    According to market reports, the token surged over 900% in a single day, with some estimates putting its weekly gains in the tens of thousands of percent. 

    The SpaceX Mascot Story Behind Crypto's Wildest Rally This Week

    The SpaceX Mascot Story Behind Crypto’s Wildest Rally This Week

    What Is Asteroid Shiba (ASTEROID)?

    At its core, ASTEROID is a memecoin – one of thousands that exist across Ethereum and Solana ecosystems.

    It has:

    No formal roadmapNo underlying productNo official connection to SpaceX

    Yet unlike typical meme tokens, ASTEROID carries something most others lack: a real-world origin story tied to space exploration.

    The token is inspired by a plush Shiba Inu named “Asteroid,” designed by Liv Perrotto for the Polaris Dawn mission, a SpaceX-led private spaceflight launched in September 2024.

    This plush wasn’t symbolic – it actually flew into space as a zero-gravity indicator, a small object used to signal when a spacecraft enters microgravity.

    That detail alone set the foundation for what would later become one of crypto’s most unusual narratives.

    Asteroid Shiba (ASTEROID)Asteroid Shiba (ASTEROID)

    Asteroid Shiba (ASTEROID)

    The Girl Behind the Story

    To understand the rally, you have to understand Liv.

    Diagnosed with a rare pediatric cancer at a young age, Liv Perrotto spent years undergoing treatment. But instead of retreating, she leaned into her passion for space.

    In 2022, she was invited to design the zero-gravity indicator for Polaris Dawn. Most would have chosen something simple.

    Liv drew a Shiba Inu astronaut.

    Inspired partly by Musk’s own dog, Floki, her design featured a cheerful space-suited puppy – playful, optimistic, and unmistakably human in its emotional resonance.

    The drawing took less than 30 minutes.

    Two years later, it reached orbit.

    Her creation floated inside a SpaceX Crew Dragon capsule, becoming part of a historic mission and a symbol of hope for children battling illness. 

    A Final Question That Went Viral

    Liv passed away in January 2026 after a five-year battle with cancer.

    Before her death, she had written down eight questions she hoped to ask Elon Musk. Her mother later shared them publicly, hoping they might reach him.

    The final question stood out:

    “Can you make Asteroid the mascot for SpaceX?”

    The story gained traction after media personality Glenn Beck amplified it. Soon after, Musk responded, answering all eight questions and agreeing to the final request. 

    For Liv’s family, it was a deeply emotional moment.

    For crypto markets, it was ignition.

    Elon made Asteroid SpaceX’s new mascot for LivElon made Asteroid SpaceX’s new mascot for Liv

    Elon made Asteroid SpaceX’s new mascot for Liv

    From Story to Speculation

    What followed was a textbook example of how modern crypto markets behave.

    Within minutes of Musk’s response:

    Early traders piled inWhales opened large positionsCopycat tokens began appearingSocial media amplified the narrative

    One trader reportedly turned a single ETH into nearly $470,000 within hours. Another held through 580 days of near-zero value before exiting with close to $392,000.

    Meanwhile, the token’s market cap surged from under $100,000 to tens of millions in record time. 

    This wasn’t about fundamentals.

    It was about attention.

    ASTEROID coin price reaction to Elon Musk tweet about SpaceX mascot (Source: TradingView)ASTEROID coin price reaction to Elon Musk tweet about SpaceX mascot (Source: TradingView)

    ASTEROID coin price reaction to Elon Musk tweet about SpaceX mascot (Source: TradingView)

    Why This Rally Was Different

    Memecoins pump all the time. But ASTEROID stood out for three reasons:

    1. A Real, Verifiable Story

    Unlike most meme tokens, ASTEROID is rooted in a real person, a real mission, and a real object that flew in space.

    2. Emotional Resonance

    The story of a young girl, her creativity, and her final wish added a layer of meaning rarely seen in crypto speculation.

    3. The Musk Effect

    Even a minimal response from Musk has historically been enough to move markets. In this case, it aligned perfectly with an already viral narrative.

    Together, these elements created what traders call a “perfect storm”—emotion, virality, and celebrity influence converging at once.

    The Risks Behind the Hype

    Despite the powerful story, the fundamentals remain unchanged.

    ASTEROID:

    Has no official endorsement from SpaceXHas no development team or roadmapExists purely as a community-driven token

    Even the connection to Musk is indirect. His response acknowledged the mascot idea—but did not reference the cryptocurrency itself.

    That distinction matters.

    History shows that meme-driven rallies often retrace sharply. Some data suggests tokens that surge this quickly have a high probability of losing most of their value within days.

    Musk himself has previously warned against speculative behavior in memecoins, comparing them to gambling.

    What Happens Next?

    Right now, ASTEROID’s future hinges on a single variable:

    Will Elon Musk follow up?

    If Musk continues engaging with the story, or if SpaceX visibly incorporates the Asteroid mascot, the narrative could extend, fueling further volatility.

    If not, momentum may fade just as quickly as it arrived.

    This dynamic is not unique to ASTEROID. It reflects a broader truth about crypto markets in 2026:

    Narratives move faster than fundamentals.

    Beyond the charts and profits, the Asteroid Shiba phenomenon highlights something deeper.

    It shows how:

    A child’s drawing can reach spaceA story can reach millionsAnd a simple reply can move markets

    For traders, it’s another reminder of crypto’s unpredictability.

    For others, it’s something else entirely.

    A symbol of creativity, resilience, and a dream that – against all odds – made it to the stars.

    Final Thoughts

    Asteroid Shiba is not just another memecoin. It’s a case study in how modern markets operate at the intersection of emotion, technology, and attention.

    It’s also a warning.

    Because while stories can create value overnight, they can just as easily erase it.

    In the end, ASTEROID leaves behind two parallel narratives:

    One about a young girl whose dream touched space.

    And another about a market willing to turn that dream into millions—almost instantly.

    Both are real.

    And together, they define crypto in 2026.



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    Bitcoin Faces $76K Resistance as Exchange Inflows Surge to Multi-Month Highs

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    Bitcoin Faces K Resistance as Exchange Inflows Surge to Multi-Month Highs


    Bitcoin (BTC) is stalling below the $76,000 zone in mid-April 2026, as on-chain data shows exchange inflows surging to multi-month highs. This development occurs as the BTC price hovers around $75,600, down slightly by about 0.4% in 24 hours but still up over 3% for the week. The surge in Bitcoin transfers to exchanges coincides with the price approaching this key resistance, suggesting the building short-term selling pressure.

    Bitcoin Struggles Below Key Resistance

    BTC Price Chart (1D)

    BTC Price Chart (1D). Source: TradingView

    Currently, Bitcoin is testing the $76,000 resistance level—a price point that has repeatedly rejected upward momentum over the last two months. After a deep drop to the $60,000 zone in early February, BTC recovered and established a short-term bullish structure with higher lows.

    However, this upward momentum is showing signs of weakening as the price is continuously rejected around the $75,000–$76,000 range. The current trading range is narrowing between the overhead resistance and support around $70,000–$72,000, indicating the market is entering a price compression phase.

    In this context, the lack of momentum to break through resistance leaves the market vulnerable to cash flow factors, especially since the market has not yet shown a signal strong enough for a breakout.

    Exchange Inflows Signal Rising Sell Pressure

    Bitcoin Exchange Inflow (Total)Bitcoin Exchange Inflow (Total)

    Bitcoin Exchange Inflow (Total). Source: CryptoQuant

    Data from CryptoQuant shows that the amount of Bitcoin transferred to exchanges has increased sharply in recent days, with a peak on April 14 when inflows exceeded approximately 64,000 BTC—the highest level since early February.

    Assets being moved to exchanges are often associated with the intent to sell or reallocate portfolios, particularly when occurring at high price levels. Simultaneously, recent inflow spikes have appeared with higher frequency, suggesting that capital is reacting more sensitively to market rallies.

    This development is further supported by CryptoQuant data, showing hourly exchange inflows reaching approximately 11,000 BTC—the highest level since December 2025 and higher than the spikes seen before the corrections in March.

    Meanwhile, netflow data since the beginning of 2026 still shows an overall outflow from exchanges, reflecting a long-term accumulation trend, even though short-term inflows are increasing around high price zones.

    Whale Inflows Add to Distribution Concerns

    Bitcoin Exchange Whale RatioBitcoin Exchange Whale Ratio

    Bitcoin Exchange Whale Ratio. Source: CryptoQuant

    The Exchange Whale Ratio—an indicator measuring the proportion of large transactions in the total Bitcoin inflow to exchanges—has remained high in recent sessions, reflecting that large transactions account for a significant portion of total inflows.

    This indicates that the capital moving onto exchanges is not coming from retail investors, but primarily from large wallets—typically represented by “whales” or long-term holders.

    In previous cycles, an increase in whale inflows often coincided with local price peaks, as large holders utilized liquidity to distribute assets. The fact that this indicator is rising alongside total inflows reinforces the possibility that the market is facing active selling pressure rather than just a short-term reaction.

    Additional Signals Show Mixed Market Positioning

    With Bitcoin at a resistance zone and exchange inflows increasing, indicators from the derivatives market show a divergence in investor positioning.

    Funding rates on futures exchanges have remained negative for the past 7 consecutive days, reflecting that most traders are leaning toward short positions. Simultaneously, Open Interest (OI) is trending back up toward approximately $26 billion, indicating that new positions are being opened rather than closed.

    The combination of negative funding and rising OI typically reflects a buildup of short positions, which could become a trigger for volatility if the price moves against market expectations.

    Furthermore, capital flows from ETFs also show divergence. Some recent sessions have recorded significant outflows, though a prolonged trend of withdrawals has not yet formed.

    Hyperliquid Liquidation MapHyperliquid Liquidation Map

    Hyperliquid Liquidation Map. Source: Coinglass

    Meanwhile, liquidation maps show large liquidity clusters concentrated around the $76,300 zone, primarily consisting of short positions—areas that could act as liquidity magnets in the short term.

    Market at a Short-Term Inflection Point

    Bitcoin is facing a critical test at the $76,000 zone as selling pressure begins to mount.

    The sharp increase in exchange inflows—especially from large holders—suggests a distribution risk as the price approaches this resistance level. Meanwhile, derivatives market metrics show that short positions are increasing, opening the possibility for high volatility if the market moves against expectations.

    A failure to overcome the $76,000 zone could lead to a correction back to the $70,000 area or lower. Conversely, if Bitcoin breaks resistance with high volume, the market could quickly shift into an acceleration phase as short positions are liquidated.

    At the moment, Bitcoin’s next direction will likely be decided right at the $76,000 price level, as both selling pressure and speculative positions increase.

     





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    When Platforms Fracture: The Foundation x Blackdove Saga and What It Means for On-Chain Art | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art

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    When Platforms Fracture: The Foundation x Blackdove Saga and What It Means for On-Chain Art | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art


    The NFT ecosystem has always been a story of radical ownership, creative sovereignty, and the promise that art on-chain lives beyond any single platform. But when platforms themselves become unstable, that promise is tested. The unfolding situation around Foundation and Blackdove—part allegation, part confusion, part community anxiety—has become a flashpoint for deeper questions about trust, custody, and the fragility of Web3 infrastructure.

    Let’s unpack what’s being discussed, why it matters, and what it signals for the future of digital art.

    The Deal That Sparked Hope

    Foundation, one of the most culturally significant NFT platforms on Ethereum, has long been a home for artists pushing the boundaries of digital expression. Since its launch in 2021, it helped onboard a wave of creators into Web3, offering a curated, community-driven marketplace that prioritized art over speculation.

    So when Blackdove—a company known for digital art display technology and experiential installations—moved to acquire Foundation, the initial reaction carried cautious optimism. The assumption was simple:history, provenance, and artworks would be preserved.

    In Web3, those aren’t just features—they’re sacred.

    The Shift: Control Without Clarity

    According to community observations, Blackdove began assuming operational control over Foundation accounts. But almost immediately, something felt… off.

    The tone of communication reportedly shifted
    Engagement with the artist community diminished
    The platform experience degraded, with increasing 404 errors

    In a space built on transparency and participation, silence can be louder than action. And here, silence became a signal.

    Behind the Curtain: Business as Usual?

    Despite visible issues, there were indications that Blackdove was preparing future drops—lining up curators and artists as if operations were continuing normally.

    This created a strange dual reality:

    Public-facing instability
    Private-facing continuity

    For artists and collectors, that disconnect raised concerns. Was this a transition phase—or something less coordinated?

    The Deal Unravels

    Then, without substantial public explanation, the acquisition appeared to fall apart.

    Messaging pivoted quickly:

    “Our core business is strong.”

    But notably absent was clarity on Foundation’s fate.

    This is where things became especially precarious. Because by this point:

    Control had already shifted away from the original Foundation team
    The platform was no longer operating reliably
    And the community was left without a clear source of truth

    Shutdown Without a Map

    The situation escalated when the Foundation platform went offline.

    No migration plan.No timeline.No roadmap for recovery.

    For a platform that held years of cultural and transactional history, this wasn’t just downtime—it felt like a disappearance.

    Meanwhile, Blackdove announced plans for its own upcoming marketplace, adding another layer of tension. To some observers, it raised an uncomfortable question:

    Was Foundation being sunset… or sidelined?

    The Access Paradox

    Perhaps the most confusing aspect of the situation revolves around access and control:

    Blackdove indicated that keys and access would be returned for transition
    Foundation representatives suggested they did not actually have the ability to restore or manage the platform
    Then, unexpectedly, Blackdove stated the platform could be reactivated at any time

    Which leads to the obvious question:

    If reactivation was possible, why was there no transition window?

    This contradiction has only deepened uncertainty across the community.

    Artists and Collectors: Caught in the Middle

    At the heart of all of this are the people who built Foundation’s cultural value:

    Artists who minted formative works
    Collectors who supported them early
    Curators who shaped its identity

    From the outside, many appear left without clear guidance, support, or reassurance. And while NFTs themselves live on-chain, platform context still matters—for discovery, storytelling, and historical continuity.

    This is a critical distinction:

    On-chain permanence does not automatically equal accessible legacy.

    Community Response: Jack Butcher and the Preservation of Visualize Value

    In a move that underscores the resilience of Web3 culture, @jackbutcher—the creator of Visualize Value (VV)—has stepped in to help preserve the historical record of Foundation.

    For those less familiar, Jack Butcher is one of the most influential voices in the NFT art space. Through Visualize Value, he’s built a globally recognized brand that blends minimal design with sharp insights on economics, attention, and digital ownership. His work has become foundational (no pun intended) to how many collectors and creators understand value in the digital age.

    His involvement here is significant. It signals that this isn’t just a technical issue—it’s a cultural one. Preserving Foundation’s history isn’t about saving a website; it’s about protecting a chapter of NFT art history.

    Alongside this, networked.art has surfaced with a compelling proposition:

    “A new foundation for digital art on Ethereum. By artists, for artists.”

    Whether symbolic or structural, it points toward a recurring pattern in crypto:When systems break, builders rebuild—often better.

    The Bigger Picture: Platform Risk in a Decentralized World

    This situation—real, exaggerated, or somewhere in between (as noted, framed here as satire rooted in real emotion)—highlights an uncomfortable truth:

    Web3 is still maturing.

    Even in a decentralized ecosystem:

    Frontends can disappear
    Custodial control can become opaque
    Communication breakdowns can erode trust quickly

    The lesson isn’t to retreat—it’s to evolve.

    We need:

    Better transparency during acquisitions
    Clear contingency plans for platform transitions
    Stronger guarantees around access and recovery
    More robust, decentralized interfaces for viewing and managing NFTs

    Final Thoughts: Trust Is the Real Currency

    Whether this saga resolves cleanly or becomes a cautionary tale, one thing is clear:

    Trust—not technology—is the most fragile layer in Web3.

    Artists and collectors aren’t just investing in assets; they’re investing in ecosystems, narratives, and relationships. When those fracture, the impact ripples far beyond a single platform.

    Still, the community response—archival efforts, new platforms, leadership from figures like Jack Butcher—shows that the core of NFT culture remains intact.

    And that’s the real signal.

    TLDR

    The alleged Foundation x Blackdove situation highlights platform risk in NFTs, from unclear acquisition terms to sudden shutdowns and lack of communication. Jack Butcher, creator of Visualize Value, stepping in to help preserve Foundation’s history underscores how important cultural stewardship is in Web3. While NFTs live on-chain, access and context depend on platforms—making transparency and decentralization more critical than ever.



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    Shiba Inu’s Rollercoaster Week Draws Market Attention

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    Shiba Inu’s Rollercoaster Week Draws Market Attention


    Shiba Inu (SHIB) experienced a volatile trading week, with prices fluctuating widely before recovering slightly on April 16, drawing attention from traders in the cryptocurrency market. This token has increased by more than 5% over the past 7 days.

    Trading activity remained at a high level during this period, while on-chain data did not show a corresponding increase in the number of transactions and active addresses.

    Market Overview: Price and Volume

    Over the past week, SHIB recorded an increase of about 5.47% in 24 hours and 5.01% over a 7-day timeframe, with the price trading around the $0.0000062 zone according to data from CoinMarketCap. Market capitalization remained around the $3.6 billion mark, showing that the scale of this asset remains stable within the mid-cap meme coin group.

    SHIB price chart (1H)

    SHIB price chart (1H). Source: TradingView

    Trading volume was also a notable point, with over $155 million in the past 24 hours and a total of nearly $930 million for the entire week. This level of liquidity shows that trading activity maintained a significant scale throughout the week, reflecting the continuous participation of investors.

    Despite the modest price increase, maintaining high trading volume amid volatility suggests that SHIB remains a speculative asset that attracts short-term cash flow.

    Choppy Price Action Reflects Unstable Momentum

    SHIB’s price performance over the past week showed a high level of volatility, with alternating upward and downward movements in short timeframes. On the 1-hour SHIB/USDT chart, the price fluctuated between approximately $0.00000574 and $0.00000623, reflecting a relatively wide trading range.

    Instead of forming a clear trend, the price frequently reversed after short bursts of volatility, showing that market momentum lacked stability throughout the period. Upward runs were not sustained for long, while downward moves were also quickly narrowed.

    In recent sessions, the price has tended to recover and approach the upper bound of the trading range. However, this movement still falls within the previously established wide fluctuation structure, not yet enough to confirm a sustainable uptrend.

    Flows and Activity Suggest Trading-Driven Interest

    On-chain data from CryptoQuant shows that capital flows through exchanges have undergone significant changes during this time. On April 9, SHIB recorded a large outflow, with net withdrawals reaching nearly -200 billion tokens. However, by April 16, netflow turned positive, with inflows peaking at about +355 billion tokens — the highest level in the period.

    SHIBA INU: Exchange netflow chart (7D)SHIBA INU: Exchange netflow chart (7D)

    SHIBA INU: Exchange netflow chart (7D). Source: CryptoQuant

    The shift from outflow to inflow indicates that tokens are returning to exchanges, usually associated with increased trading activity. Although exchange inflow is often seen as a sign of potential selling pressure, SHIB’s price still recovered at the same time, suggesting that this flow could also be related to increased trading demand amidst a market recovery.

    On the on-chain side, the total number of daily transactions fluctuated in the 3,000 – 5,000 range, with a peak of around 5,000 transactions on April 10 before decreasing to 3,256 on April 12. Meanwhile, the number of active addresses increased to about 2,568 on April 10, dropped sharply to 1,707 on April 11, then gradually recovered to over 2,000 in subsequent sessions.

    SHIBA INU: Active addresses (7D)SHIBA INU: Active addresses (7D)

    SHIBA INU: Active addresses (7D). Source: CryptoQuant

    This shows that attention toward SHIB mainly comes from market trading activity, while on-chain indicators — including both transactions and active addresses — did not record an increase corresponding to the price recovery.

    Volatility Keeps SHIB in Focus

    SHIB’s performance over the past week was characterized by high price volatility, sustained trading volume, and capital shifts across exchanges, rather than from a clear catalyst related to the project.

    The wide range of fluctuations, along with high sustained trading activity, helped SHIB attract market attention, as traders capitalized on short-term volatility to seek opportunities.

    Nevertheless, on-chain indicators did not record an increase corresponding to the price recovery, with the number of transactions and active addresses only fluctuating within a narrow range. This suggests that attention toward SHIB during this period was primarily driven by trading momentum, rather than long-term fundamental factors.



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