Bitcoin Tops $75k As Senator Calls “Last Chance” To Pass Clarity Act 🔥
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👋 Welcome to the CoinStats Scoop, your weekly newsletter with the most groundbreaking Web3 innovations and market-moving headlines in the crypto space.
Stay in the loop with all the key market moves, emerging trends, and exciting developments in the crypto space from the past week.
Cryptocurrency markets logged a second week of recovery, driven by marginal geopolitical escalations and positive developments surrounding institutional crypto adoption.
Bitcoin briefly surged to a weekly top above $75,300 before retracing to find support just above the $74,000 mark.
De-escalations in the US-Israeli war with Iran 🇮🇷 played a big role, as market watchers digested news of Pakistan’s 🇵🇰 Field Marshal Asim Munir landing in Iran as part of a wider delegation to resume high-level negotiations.
Yet, institutional crypto adoption continued despite the concerns. Earlier this week, German 🇩🇪 stock market giant Deutsche Börse announced a $200 million investment into crypto exchange Kraken to expand its digital asset offerings.
However, US Senator Cynthia Lummis warned that lawmakers need to accelerate their efforts to pass the Clarity Act before congressional priorities are shaken up by the outcome of the US 🇺🇸 midterm elections.
Lastly, cybersecurity experts warned investors of a resurgence in phishing scams, as hacks and scams stole over $482 million from Web3 projects during Q1 2026, in a stark reminder to double-check destination addresses before sending crypto transactions 🔐.
In this week’s CoinStats Scoop, you’ll find:
📊 Crypto Market Analysis And The Most Important News In Web3
💼 Deutsche Börse to invest $200 million to overtake 1.5% of Kraken’s parent firm
⚖️ This is “our last chance to pass the Clarity Act,” warns US Senator Lummis
🔐 Web3 hacks steal $482 million in Q1 as phishing scams surge
⚠️ Trump’s WLFI threatens to sue Justin Sun after governance vote criticism
🔮 Analysis And Key Events That Will Shape The Crypto Market Next Week
Deutsche Börse to invest $200 million to overtake 1.5% of Kraken’s parent firm 💼
Leading German exchange operator Deutsche Börse Group is planning to invest $200 million in Payward Inc, the parent company of cryptocurrency exchange Kraken.
The $200 million investment would give the German exchange operator 1.5% of the fully diluted stake in Kraken exchange through a secondary share purchase, which is subject to regulatory approval and expected to be finalized in Q2 2026.
“This investment deepens the strategic partnership between Deutsche Börse Group and Kraken,” as the two firms plan to “bridge traditional financial markets and the digital asset economy” through new tokenized stock and blockchain infrastructure offerings targeting institutional clients, announced the exchange operator on April 14.
✍️ “This investment highlights Deutsche Börse Group’s commitment to its digital asset strategy, which involves the development of a comprehensive, hybrid market infrastructure. This infrastructure will be capable of processing assets of any technical form, including traditional securities and blockchain-native tokens, within a unified liquidity pool.”
The $200 million investment from the Frankfurt-based exchange giant shows the growing interest in crypto from large financial institutions, as they expand their offering to blockchain-based products 📊.
During the past year alone, the crypto industry saw similar moves from Nasdaq, the New York Stock Exchange’s parent company, Intercontinental Exchange, and the CME Group, the world’s largest derivatives exchange.
This is “Our Last Chance to Pass the Clarity Act,” Warns 🇺🇸 US Senator Lummis
The United States must pass its key crypto market structure bill, the Clarity Act, before losing its edge as a global financial hub, warned Senator Cynthia Lummis on April 10:
🗣️ “This is our last chance to pass the Clarity Act until at least 2030. We can’t afford to surrender America’s financial future.”
The Senator’s warning comes just half a year ahead of the US midterm elections, which could change who controls Congress and lead to a slowdown in passing key crypto-related legislation.
The Clarity Act is considered one of the most anticipated bills for the crypto industry as it hands over regulatory oversight from the Securities and Exchange Commission (SEC) to the Commodities and Futures Trading Commission (CFTC 📋.)
The White House’s former AI and crypto Czar, David Sacks, also urged lawmakers to adopt the legislation.
🖊 “Secretary Bessent is right: the time to act is now. Senate Banking, and then the full Senate should pass the market structure. I’m confident that they will. And then President Trump will sign this landmark bill into law.”
Web3 Hacks Steal $482 Million In Q1 As Phishing Scams Surge 🚨
The Web3 industry lost $482 million across 44 hacks and scams in Q1 2026, marking a 20% increase compared to Q4 2025, as phishing schemes saw an alarming resurgence.
Of the $482 million, phishing scams and social engineering attacks accounted for $306 million of the losses, while a single hardware wallet scam stole $282 million in January, according to Hacken’s Q1 2026 repo.
Smart contract exploits shrunk to $86 million while access control failures stole $71 million during the quarter 📉.
The findings show an alarming rise in phishing scams, which trick investors into willingly sending funds to the attacker’s addresses. Phishing scams and social engineering attacks require no coding knowledge or technical breaches, making them available for low-level scammers with no technical knowledge.
Crypto industry participants need to exercise vigilance in both on-chain behaviour and protocol use, wrote Yev Broshevan, CEO & Co-Founder at Hacken:
✍️ “The findings are consistent across every contributor: failures are emerging across code, infrastructure, operations, and human processes simultaneously. No single audit, certification, or tool addresses that. Continuous, layered protection is the only posture that works 🛡️.”
Trump’s WLFI Threatens To Sue Justin Sun After Governance Vote Criticism ⚖️
Tron blockchain founder Justin Sun criticized a recent governance vote conducted on World Liberty Financial (WLFI), the DeFi platform co-founded by President Donald Trump’s Sons 🏛️.
WLFI’s March governance vote to determine token lock-up periods saw 76% of the voting power coming from 10 wallets, a troubling sign that lacked transparency, claimed Sun in an X post:
“The governance votes cited to justify the above actions were not conducted through fair or transparent procedures. Key information was withheld from voters, meaningful participation was restricted, and outcomes were predetermined 🚩.”
The WLFI platform clapped back at Sun, threatening a lawsuit against the allegedly baseless allegations. The platform wrote in an April 12 announcement :
✍️ “Does anyone still believe @justinsuntron? Justin’s favourite move is playing the victim while making baseless allegations to cover up his own misconduct. Same playbook, different target. WLFI isn’t the first. We have the contracts. We have the evidence. We have the truth. See you in court, pal.”
Sun’s criticism followed a month after the controversial governance vote passed with 99% of tokenholders voting for and just 0.69% against.
Market Overview: Bitcoin Tops $75K, But Analysts Warn Of Relief Rally Ahead Of New Macro Low 📉
Bitcoin’s price briefly rose above the $75,000 psychological mark this week, as officials from both the US and Iran have signalled a continuation in high-level negotiations to end the ongoing conflict.
Bitcoin’s price surged 5% during the past week, while Ether gained 7.4% to $2,360, following a temporary easing in geopolitical concerns, CoinStats data shows.
The positive upside momentum ignited concerns over a temporary relief rally that could resolve itself in another cycle low before the accumulation phase.
Based on historic fractal patterns from the 2018 and 2022 rally, a breakdown from the current “macro triangle” could see a deeper retracement into the true “bear market bottom” over the coming weeks, warned popular Bitcoin analyst Rekt Capital 🔍:
“If history repeats, this current consolidation period could precede additional Macro Downside over time, and the next major consolidation period would develop around the Bear Market Bottom.”
Onchain analyst Nonzee shared similar technical chart patterns pointing to a deeper bear market retracement, after his local top of above $73,000 was breached this week. He wrote:
✍️ “BTC is now entering the stage where the bottom of the cycle forms. Just to remind you, I was the only one who called the $15,768 bottom three years ago and the $126,162 top.”
⚠️ For day traders, the $73,000 mark is emerging as the next significant support level, which holds $1 billion worth of leveraged long liquidations, threatening more cascading downside.
Conversely, a Bitcoin breakout could confirm if BTC price breaches the $77,300 resistance, a price level that holds $840 million worth of leveraged short liquidations, according to Coinglass.
Tweets & Memes
Erik and Baron Trump-founded WLFI platform is posing some huge red flags…🚩
Only 18% of Gen X and Boomers own crypto. Is this where Bitcoin and Ethereum ETFs come into play 💎?
KuCoin admits fault for $300k user liquidation in shocking turn of events 💥.
Former OpeNAI employee turns $225 millon into $5.5 billion 🤑!
SEC eliminates $25,000 minimum rule for day traders in a big win for retail!
Crypto is now funding anti-aging research, just 17 years after Bitcoin’s creation 🧬.
Inflation is eroding wealth, not AI advancements, showing why we really need Bitcoin 🪙.
Banking giants like Goldman are jumping into the Bitcoin ETF game, but retail is still bearish 🏦.
Thank you for reading the weekly CoinStats Scoop Newsletter.
CoinStats will continue to guide you through the world of crypto and DeFi. We’ll see you next week for another edition of CoinStats Scoop! 😎
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