Dogecoin (CRYPTO: DOGE) rose 10% over the past week, supported by a sharp increase in on-chain activity and whale accumulation.

Network Activity Spike

Data from Santiment shows Dogecoin saw 739 large transactions (each over $100,000) in a single day, its highest level in six months.

At the same time, holdings among large wallets continue to concentrate. Wallets containing 100 million DOGE or more, totaling 149 addresses, now control approximately 108.52 billion DOGE, valued at about $11.6 billion.

Analysts say the recent price gain of roughly 14% over 10 days appears to be driven primarily by accumulation from large holders rather than broad retail participation.

Open interest in Dogecoin…

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Bitcoin trades above $77,000 on Friday morning as Bitcoin ETFs saw $14.8 million in net inflows on Thursday, while Ethereum ETFs reported $23.6 million in net outflows.    

Meme coin market capitalization is trading 1.3% higher to $36.6 billion over the past 24 hours.

Trader Commentary: 

Michael van de Poppe said Bitcoin typically starts the month with strength, supported by ETF inflows and fresh capital allocation.

He noted that the short-term trend remains bullish, with a breakout above $79,000 potentially opening the path toward the $86,000 to $88,000 range. Such a move could also improve sentiment across altcoins.

Ted Pillows said Ethereum continues to consolidate despite broader…

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U.S. stock futures were mixed on Friday, following Thursday’s record advances following mega-cap earnings.

Meanwhile, the Donald Trump administration leveraged the three-week-old ceasefire to avoid a congressional 60-day deadline under the War Powers Resolution to withdraw troops from Iran.

Meanwhile, the 10-year Treasury bond yielded 4.39%, and the two-year bond was at 3.89%. The CME Group’s FedWatch tool‘s projections show markets pricing a 94.8% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

IndexPerformance (+/-)Dow Jones0.09%S&P 5000.08%Nasdaq 100-0.11%Russell 2000-0.12%Stocks In FocusApple
Apple Inc. (NASDAQ:AAPL) was up… Read more on Benzinga

April saw the highest number of cryptocurrency hacking incidents on record, compounding challenges for an industry grappling with a bear market.

Crypto Hacks Hit A 14-Month High

DeFiLlama, a decentralized finance analytics platform, posted an X chart highlighting a dramatic rise in monthly incidents during April, reaching nearly 30 and far above historical peaks.

Hackers stole $635.24 million in April, the highest monthly total since Bybit’s infamous $1.4 billion exchange heist in February 2025.

The Infamous Cases

In the KelpDAO incident, the hacker targeted a cross-chain bridge, powered by interoperability protocol LayerZero, and robbed restaked Ethereum (CRYPTO: ETH).

The Drift…

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RIOT Entirely Relying On Balance Sheet For CapEx Needs

During Riot’s first-quarter earnings call, Chung outlined the funding strategy for the data center business, emphasizing strong reliance on its existing balance sheet.

“During the quarter, we funded this CapEx through a disciplined sale of a portion of our Bitcoin holdings, the most capital-efficient source of funding currently available to us,” Chung said.

Chung added that Riot didn’t have to issue any common equity during the quarter.

RIOT is currently the seventh-largest corporate holder of Bitcoin, with a stash of 15,679 BTC, worth $1.209 billion at prevailing prices, down from 18,005 BTC reported in the previous… Read more on Benzinga

Elon Musk said most cryptocurrencies are “scams” during his Thursday testimony in the OpenAI trial, according to a reporter covering the case.

Musk’s Response To Initial Coin Offering Question

Mike Isaac, a tech reporter from The New York Times, quoted Musk explaining cryptocurrency to the jury in the Federal Courthouse in downtown Oakland.

“Some of them have merit, but most of them are scams,” Musk was quoted as saying.

The comment was in response to a question about OpenAI’s reported plans to raise funds through an initial coin offering—a cryptocurrency-based fundraising—in 2018, Issac said.

Benzinga couldn’t independently verify Musk’s statements. Tesla, SpaceX and xAI…

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The Senate unanimously passed on Thursday a resolution introduced by Sen. Bernie Moreno (R-Ohio) that bans Senators, Officers, and staff from participating in prediction markets.

Senate Says No To Prediction Market Wagering

The Senate agreed to pass the resolution “effective immediately,” according to an update on Moreno’s official Senate website.

The resolution alters the Senate’s standing rules, preventing lawmakers from entering financial agreements where the “outcome depends on whether a specific event does or does not happen.”

“Serving in Congress should never be about finding new ways to profit; it should be about delivering results for the American people,” said…

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Leading cryptocurrencies moved sideways, while stocks rallied to record highs on Thursday as investors digested the U.S. economy’s first-quarter growth that fell short of forecasts.

Crypto Market Stuck

Bitcoin moved in a narrow band from the mid-$75,000s to mid-$76,000s, as volume dropped sharply in the past 24 hours.

Ethereum also wobbled in the $2,200 region amid a 47% drop in volume, while Dogecoin eked out a gain of 1.09%

Over $130 million was liquidated in the past 24 hours, with $71 million in long positions wiped out, according to Coinglass data.

Open interest in Bitcoin futures fell marginally by 0.46% over the last 24 hours. Retail and whale Binance derivatives traders were…

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Riot Platforms Reports Mixed Q1

Riot reported first-quarter revenue of $167.20 million, beating analyst estimates of $130.79 million. The company reported a first-quarter loss of $1.44 per share, missing estimates for a loss of 44 cents per share, according to Benzinga Pro.

Riot said it mined 1,473 Bitcoin (CRYPTO: BTC) in the quarter, down from 1,530 year-over-year. The average cost to mine Bitcoin in the first quarter was $44,629.

Riot also generated data center revenue for the first time, reporting $33.2 million for the segment as the company continues to shift its focus from Bitcoin mining to AI infrastructure.

“The first quarter of 2026 marks a definitive inflection point for…

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Bitcoin (CRYPTO: BTC) is trading sideways near $76,000 as traders closely watch Federal Reserve policy and regulatory developments.

“Two Major Overhangs“

During an Apr. 30 crypto roundtable featuring Benjamin Cowen, analysts highlighted two key near-term risks: tightening global regulation and uncertainty around Federal Reserve policy.

Chair Jerome Powell is maintaining a cautious stance and persistent inflation, particularly tied to energy prices, continues to keep monetary policy tight.

Market sentiment has deteriorated, with crypto discussions fading across social platforms, often a sign of declining retail interest.

Price action reflects this shift.

The Trade Setup

Traders say the lack…

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