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APIA, Samoa, April 2, 2026 /PRNewswire/ — Phemex, a user-first crypto exchange, announced the release of its April 2026 Proof of Reserves (PoR), reinforcing its commitment to transparency, asset backing, and user fund security. The latest report confirms that all user balances are fully backed, with a total reserve ratio of 131% across major assets. According to the April 2026 Proof of Reserves, Phemex maintains overcollateralized reserves across key cryptocurrencies, including BTC at 133.11%, ETH at 141.61%, USDT at 103.61%, and SOL at 155.62%. All reported assets exceed a 100% reserve ratio, indicating that user liabilities are fully covered and…

DALLAS, April 2, 2026 /PRNewswire/ — Cango Inc. (NYSE: CANG), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced two significant capital transactions: the closing of a US$65.0 million strategic investment from members of Company leadership, and the execution of a US$10.0 million convertible note financing agreement with DL Holdings Group Limited (HKEX: 1709) (“DL Holdings”), a Hong Kong-listed financial services group. The Company and DL Holdings have also entered into a memorandum of understanding (“MOU”) establishing a strategic cooperation framework. Closing of US$65.0 Million Strategic Investment Pursuant to the…

Astana, Kazakhstan, April 2nd, 2026, Chainwire Bybit Kazakhstan announces the launch of the KZT/USDT spot trading pair, allowing users to trade directly between Kazakhstani tenge (KZT) and USDT on the spot market. This marks an important step in enhancing the local trading experience by removing the need for intermediate conversion steps. Previously, users funding their accounts in KZT were required to use One-Click Buy before accessing spot trading. With the introduction of the KZT/USDT pair, this additional step is no longer necessary. Users who deposit via the BCC Bank fiat channel can now move directly from fiat funding into spot…

Solana-based decentralized finance (DeFi) platform Drift warned users about an “active attack” on its platform Wednesday, saying it had suspended withdrawals and deposits.”We are coordinating with multiple security firms, bridges and exchanges to contain the incident,” the account said. Drift had earlier said it was investigating “unusual activity” on its protocol, prompting concerns that the platform may have been exploited.“We are observing unusual activity on the protocol. We are currently investigating. Please do not deposit funds into the protocol while we investigate,” Drift wrote in a post on X. “This is not an April Fools joke. Proceed with caution until…

Despite Solana’s record-breaking February, Ethereum still leads in cumulative stablecoin transaction volume at around $52 trillion. The Solana blockchain processed about $650 billion in stablecoin transactions in February 2026, setting a new monthly record, according to The Kobeissi Letter. That spike placed stablecoin activity far above traditional benchmarks, with monthly volumes now approaching $2 trillion and outpacing CME gold future trading by a wide margin. Solana Leads Record-Breaking Surge in Stablecoin Activity The Kobeissi Letter says that Solana’s stablecoin volume in February was almost three times what it was in January. This was partly because of new products being released,…

EDX Markets, the crypto exchange backed by Citadel Securities, has applied for a national trust bank charter, marking a new step in its push to serve institutional clients.The exchange submitted its filing to the Office of the Comptroller of the Currency on Wednesday, according to documents seen by CoinDesk. The move comes about three and a half years after the firm launched.If approved, the charter would allow EDX to offer custody, asset management and principal trading services, while continuing to run its core order-matching platform. The filing outlines a structure where custody and settlement sit within a regulated trust entity,…

A market expert has outlined five distinct phases in the Bitcoin (BTC) bear market that could indicate when the leading cryptocurrency has hit a bottom. The analysis concludes that the cryptocurrency could still face additional downward pressure before ultimately reaching its final price floor this year.   The Early Phases Of Bitcoin’s Price Bottom Ardi, a technical analyst on X, has used the market structure and price movements during the 2022 bear market to predict when Bitcoin could reach a price floor in this current bear cycle. In his analysis, he shared the five phases that could indicate that a bottoming…

Crypto analyst Sykodelic has declared that the Bitcoin bleed is almost over and suggested that BTC is unlikely to drop to $40,000 as some experts predict. He alluded to the 2022 bottom to explain why the leading crypto is likely to find a bottom soon and begin a new bull cycle.  Analyst Explains Why Bitcoin Will Soon Find A Bottom In an X post, Sykodelic said the Bitcoin bleed is almost over and that people expecting a drop to the $40,000 range will be sidelined. He further remarked that this is how people who were waiting for a drop to…

CryptoDirectories Press, The cryptocurrency market continues evolving beyond simple payments and speculation. One project rapidly gaining attention among investors, developers, and Web3 communities is Berachain, a next-generation Layer-1 blockchain introducing a groundbreaking consensus model known as Proof of Liquidity (PoL). Unlike traditional blockchains that reward passive staking, Berachain focuses on rewarding real economic activity and liquidity participation, positioning itself as a potential catalyst for the next wave of decentralized finance innovation. What Is Berachain? Berachain is an EVM-identical Layer-1 blockchain designed to align blockchain security, liquidity, and decentralized applications into a unified economic system. The Vision Behind Berachain Low liquidity…

Dubai, United Arab Emirates, April 1st, 2026, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is extending its popular Earn Carnival in response to strong user demand as global market volatility persists. The continued campaign maintains robust earning opportunities across premium Bybit Earn products with an additional prize pool of 1,200,000 USDT, offering eligible users enhanced yields on USDT and alternative assets. The expanded Earn Carnival supports users seeking yield on both stablecoin holdings and tokenized assets through three flagship offerings available on Bybit Earn: BYUSDT Flexible Savings With Bonus APR: Eligible Bybit users can continue to enjoy…