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| Rally pauses at $76K: short-term sellers vs. whale accumulation |
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April 16, 2026 |
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Your Daily Digest of the π₯Hottest News in Crypto |
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Today’s top storiesπ§ Adam Back urges Bitcoin to prep optional quantum-resistant upgrades now
π️ Long-term holders keep stacking even as newer buyers take profits
π Study shows <1% of crypto protocols disclose market-maker terms
π° Keep reading for all of today’s biggest headlines |
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Bitcoin should prepare now, even if quantum is ‘lab experiment,’ Adam Back saysBlockstream CEO Adam Back says Bitcoin should start preparing for quantum threats now, even though today’s quantum computers are still “lab experiments” and the risk may be decades away. He argues the safest path is optional upgrades that let Bitcoin migrate to quantum-resistant cryptography when needed, citing work like hash-based signatures on Blockstream’s Liquid Network and Taproot’s potential to support alternative signature schemes. The debate is heating up as some researchers warn quantum breakthroughs could arrive sooner than expected, prompting a controversial proposal to freeze quantum-vulnerable coins—an idea others in the community criticize as confiscatory. |
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Bitcoin traders cash out 63K BTC profit as price rallied above $76K: Will the market rebound?Bitcoin’s rally stalled above $76,000 after short-term holders took profits, sending about 63,000 BTC to exchanges in the biggest such spike of 2026, signaling a cooling phase at key resistance. At the same time, whales added over 71,000 BTC to accumulation addresses, suggesting stronger hands are absorbing supply and potentially stabilizing price even if it delays a quick move to $80,000. With BTC rejecting near the 100-day EMA and slipping toward $73,500, liquidation data points to a possible retest of the $72,000–$70,500 area before any renewed push higher.
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Study finds almost no crypto protocols disclose market-maker termsA Novora review of more than 150 major crypto protocols found that fewer than 1% publicly disclose market-making terms, with only Meteora providing details via a token holder report—highlighting what it calls a major transparency gap in token trading structures. The study also points to weak investor communications overall: while 91% of protocols showed trackable revenue, only 18% published quarterly updates and 8% issued token holder reports, even as third-party analytics coverage now exceeds 85%. Novora argues that opaque market-maker deals—often involving token loan structures—can incentivize selling pressure and have drawn regulatory scrutiny, including past SEC actions over alleged manipulation. |
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MAGAZINE |
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Bitcoin will not hit $1M by 2030, says veteran trader Peter BrandtVeteran trader Peter Brandt says Bitcoin is unlikely to reach $1 million by 2030, pushing back against bullish forecasts from Coinbase CEO Brian Armstrong and ARK Invest’s Cathie Wood. Brandt argues that hitting $1 million would require major disruption to the global monetary system and significant destruction of fiat currencies—not just increased adoption or market momentum. Brandt estimates Bitcoin’s “fair value” around $80,000–$100,000, implying it was modestly undervalued at about $71,102 at the time. While he believes Bitcoin could eventually reach $1 million and become a true store of value with lower volatility, he remains cautious near-term, warning it may retest or dip below $60,000 later this year.
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