TheCryptoBasic

SBI CEO Yoshitaka Kitao confirmed in a recent tweet that SBI #Ripple Asia has finalized a token issuance platform built on the $XRP Ledger (XRPL). The subsidiary has also secured regulatory approval to operate as a third-party prepaid payment instrument issuer in Japan. Through these initiatives, the company can legally issue tokenized prepaid payment instruments under the country’s regulatory framework. This milestone reflects not only technical progress but also regulatory readiness for blockchain-based financial services.

Anchorpoint Plans HKD Stablecoin Launch in Q2 2026. Anchorpoint Financial announced plans to launch a Hong Kong dollar-pegged stablecoin, HKDAP, in partnership with Animoca Brands, Standard Chartered, and HKT. The rollout is expected to begin in phases in Q2 2026. Anchorpoint intends to use a business-to-business-to-consumer (B2B2C) model, leveraging established distribution networks to expand access. The firm also plans to introduce incentives for early partners, aiming to drive real-world use cases and broader adoption.

#Aethir Contains Bridge Attack, Losses Stay Below $90K. Aethir, a decentralized GPU cloud platform for AI, confirmed it had contained a recent exploit targeting bridge contracts connected to Ethereum. The team behind the project said it detected the breach early and responded quickly by disconnecting affected contracts and coordinating with exchanges to block suspicious wallets. Consequently, total losses were kept below $90,000. Aethir emphasized that its primary token supply on Ethereum remains secure. It plans to release a compensation plan next week, along with a detailed post-incident report and wallet data.

U.S. Senators Scrutinize Trump-Linked Memecoin Event. According to a Politico report, U.S. Senators Elizabeth Warren, Adam Schiff, and Richard Blumenthal have raised concerns about a memecoin project linked to Donald Trump. The lawmakers sent a letter to Bill Zanker questioning whether access to Trump is being used to promote the “Official Trump” memecoin. They warned that such messaging could mislead participants, particularly if it implies exclusive access in exchange for token purchases or generates transaction-related revenue. Concerns are further complicated by scheduling conflicts. The memecoin-linked event is set for April 25 at Mar-a-Lago, the same date as the White House Correspondents’ Association Dinner in Washington, D.C., which Trump had previously indicated he would attend. This overlap has prompted questions about whether promotional materials accurately reflect his availability.

🌐 Daily Crypto Prices Update 🌐 Bitcoin (BTC): $72,813.70 Ethereum (ETH): $2,239.66 XRP (XRP): $1.3505 BNB (BNB): $606.00 Solana (SOL): $84.37 TRON (TRX): $0.3184 Dogecoin (DOGE): $0.09348 Hyperliquid (HYPE): $41.85 UNUS SED LEO (LEO): $10.13 Cardano (ADA): $0.2528 Shiba Inu (SHIB): $0.000005945

🌐 Daily Crypto Prices Update 🌐 Bitcoin (BTC): $72,455.63 Ethereum (ETH): $2,224.13 XRP (XRP): $1.3482 BNB (BNB): $603.53 Solana (SOL): $84.23 TRON (TRX): $0.3181 Dogecoin (DOGE): $0.09338 Hyperliquid (HYPE): $41.81 UNUS SED LEO (LEO): $10.12 Cardano (ADA): $0.2542 Shiba Inu (SHIB): $0.000005953

#Bitcoin Sees -$582M in Exchange Netflow as Funding Rate Flips Negative, "Ruga Research" Highlights. Bitcoin exchange netflow flipped from +2,109 BTC inflow to -2,533 BTC outflow on April 9. Outflows have accelerated further to -5,441 BTC on April 10, bringing total withdrawals since April 9 to 7,974 BTC worth $582 million. Exchange reserves have dropped from 2.8 million BTC on Feb. 15 to 2.701 million BTC, indicating a decline of 100,000 BTC valued at $7.3 billion. Funding rates fell to -0.253% on April 9, indicating dominance of shorts. This situation raises the chances of a potential short squeeze setup.

#Ethereum Leads Capital Rotation as It Outperforms #Bitcoin. An analysis highlighted, in March 2026, Ethereum pulled ahead of Bitcoin in both price performance and underlying metrics. While Bitcoin posted a modest 1.83% increase during the period, Ethereum climbed 7.12%. Ethereum recorded realized volatility of 62.8%, compared to Bitcoin’s 49.8%, suggesting ETH is reacting more sharply to shifts in liquidity and sentiment. Ethereum has seen continued outflows from exchanges, indicating reduced immediate sell pressure. In addition, network activity continues to expand, with active addresses trending higher.

‘#Ripple Replaces SWIFT’ Era Was a Great Entry Point, but It’s Time for $XRP Thesis Upgrade: EasyA Founder Dom Kwok. Dom Kwok says XRP’s growth is moving beyond the SWIFT replacement narrative to new use cases. He argues XRPL’s strength lies in enabling broad financial apps, not just improving cross-border payments. Institutional adoption and RLUSD growth are driving real-world use and boosting ecosystem activity. Kwok believes XRP’s future is bringing global finance on-chain, not competing with SWIFT alone.

U.S. CPI inflation surged to 3.3% in March, below expectations of 3.4%. This marks the biggest jump since 2024.

Binance Relocates UAE Staff to Asia Amid US-Iran War. Amid the ongoing US-Iran conflict, Binance is reportedly relocating staff from the UAE to key Asian hubs, including Hong Kong, Tokyo, Kuala Lumpur, and Bangkok, according to Wu Blockchain. The UAE has been a major operational base for Binance, hosting over 1,000 employees and serving as a strategic hub following the exchange’s global licensing in Abu Dhabi in 2026. Several crypto firms are reducing their presence in the area. Additionally, the 2049 Summit, originally scheduled in Dubai, has also been postponed by one year.

Japan Reclassifies Crypto as Financial Instruments. Under amendments to the Financial Instruments and Exchange Act, crypto assets are now officially categorized as financial instruments, according to Nikkei. This shift brings stricter oversight and aligns digital assets more closely with traditional financial markets. The updated rules introduce new restrictions, including a ban on insider trading based on undisclosed information. In addition, crypto issuers will also be required to provide annual disclosures to enhance transparency. Previously, digital assets were regulated under the Payment and Settlement Act. However, the new classification reflects increasing institutional investment and ultimately signals Japan’s intent to integrate crypto into its broader financial system.

#Ethereum Staking Reaches Record Highs. $ETH Data from Onchain Lens shows that Grayscale’s Ethereum Mini Trust recently staked 83,200 ETH, valued at around $184 million. Notably, this move builds on the firm’s growing presence in Ethereum-based investment products. Grayscale’s Ethereum ETFs are also reportedly leading in staking rewards, having generated nearly $8 million in yield so far. This sustained activity has contributed to a broader network trend. Consequently, Ethereum staking has reached an all-time high. Data from Token Terminal shows that around $85 billion worth of ETH is now locked, highlighting both increased network security and growing adoption.

Hong Kong Issues First Stablecoin Licenses. The Hong Kong Monetary Authority (HKMA) has granted stablecoin issuer licenses to Standard Chartered and HSBC under the newly implemented Stablecoins Ordinance, with approvals taking immediate effect. Both institutions are expected to roll out stablecoins in the second half of 2026, targeting use cases such as cross-border payments, domestic transactions, and digital asset trading. HKMA Chief Executive Eddie Yue described the move as a key milestone, emphasizing the importance of balancing innovation with user protection and risk management. Deputy Chief Executive Daryl Ho added that future licenses will be issued cautiously and in limited numbers.

$WLFI Moves to Reassure Investors on Lending Strategy. Trump-backed World Liberty Financial (WLFI) addressed concerns about its lending operations, aiming to reassure market participants. The firm explained that it operates as both a supplier and borrower on its platform, using native tokens as collateral to secure stablecoin loans and maintain liquidity. It emphasized that there is currently no risk of liquidation and noted that additional collateral could be deployed if necessary. WLFI also reported that its USD1 product generates approximately $159.5 million in annualized income. To further strengthen confidence, the firm announced plans to repurchase over $65 million in tokens. Additionally, it is preparing a governance proposal to unlock tokens held by early users, aiming to improve liquidity and support long-term growth.

Coinbase CEO Brian Armstrong Backs U.S. Crypto Clarity Bill. Brian Armstrong publicly endorsed the Digital Asset Market Clarity Act, signaling a notable shift in stance. The Coinbase CEO shared his support on X, urging lawmakers to advance the legislation. Earlier in 2026, the company had opposed certain provisions, particularly those related to stablecoins yield restrictions. The proposed bill seeks to clearly define how regulatory oversight is divided between the SEC and the CFTC.

Metalpha Wallet Moves $15.7M in $ETH to Binance. A wallet linked to Hong Kong-based digital asset firm Metalpha transferred 7,200 ETH, valued at approximately $15.79 million, to Binance. The transaction, reported by Arkham Intelligence and Onchain Lens, may signal a shift in positioning. Notably, large deposits to centralized exchanges are often interpreted as preparation for liquidity events. This comes as Ethereum continues to gain traction, rising 6% over the past week to trade at $2,189.

RaveDAO Rally Triggers Insider Trading Concerns. $RAVE RaveDAO (RAVE) led today’s market action with one of the most dramatic surges, soaring 232% within 24 hours to reach a peak of $1.17. The sharp rally quickly drew widespread attention, but also raised red flags. Crypto analyst Sumit Kapoor pointed to suspicious trading patterns in a post on X. In particular, he noted that two wallets linked to the token’s deployment address transferred 18.58 million tokens to Bitget just as the price began to spike. According to Kapoor, the move effectively turned an $8 million position into roughly $19 million. He suggested this could indicate insider positioning ahead of a sell-off, urging traders to remain cautious as such patterns are often associated with coordinated exits.

Kwok brothers say $XRP could reach $1,000 within 4–5 years, showing strong confidence in its long-term growth potential. #Ripple They argue XRP can easily surpass $10 and believe a much bigger rally is “definitely” achievable. Critics point to a $50T–$100T market cap, but they say crypto doesn’t follow traditional valuation rules. The bold call remains controversial, with some analysts expecting a longer timeline for XRP growth.

#XRP Target $21 After Quietly Delivering a Major Breakout. thecryptobasic.com/2026/04/10/xrp…