BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

April 28: Per HyperInsight monitoring (via https://t.me/HyperInsight), HYPE pulled back in the afternoon, briefly dipping to the $40 level. Hyperliquid trader “Loracle,” who held a 5x leveraged short position on HYPE, closed the position profitably. The address’s current position size stands at $23.8 million, with an average entry price of $40.871—now the largest on-chain short position in HYPE. Notably, this address belongs to an early contributor to the Hyperliquid ecosystem and the founder of Hypurrfun. Previously, during HYPE’s major uptrend starting from $20, the address held a significant long position, at one point ranking as the second-largest on-chain long position in HYPE. On April 20, however, they flipped their strategy to short. Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae

As of April 28, Bitget market data shows WTI crude oil briefly extended gains to 3%, while Brent crude is currently up 2.46%.

April 28 – Nicolai Tangen, CEO of Norway’s Sovereign Wealth Fund, said the rise of artificial intelligence is helping soften some inflationary pressures from the Middle East conflict’s push up energy prices, enabling markets to absorb the shock better. In a Tuesday interview, Tangen noted: “It’s striking—given the Middle East situation, you’d expect this to feed into higher energy, fuel and fertilizer prices. It’s already hitting parts of Asia, and we expect it to push up costs in Europe and the U.S. That’s usually bad for markets, but they’re handling it well.” He also expressed surprise at the lack of major financial market dislocation. “Inflation typically hits markets—this is something we need to watch closely. On the flip side, AI has a deflationary effect, and I think that’s exactly what markets are absorbing right now.”

Binance announced on April 28 that it will delist and halt trading for the following spot trading pairs at 03:00 UTC on May 1, 2026, to maintain market quality and liquidity: BAND/BTC, BAT/BTC, BREV/BNB, NEO/BTC, ROSE/BTC, SOLV/BNB, TFUEL/BTC. The exchange clarified that delisting these spot pairs will not impact trading of the associated tokens in other pairs on its platform.

April 28 — U.S.-based Bitcoin miner Core Scientific said it will upgrade its Pecos, Texas, mining facility into an AI-focused high-density data center campus, targeting 1.5GW of total power capacity—with roughly 1GW available for external leasing. The company noted 300MW of power previously used for Bitcoin mining has been reallocated to AI data center operations. Its first facility has completed basic construction, with initial computing capacity expected to go online in early 2027. Core Scientific also secured an additional 300MW power contract and plans further expansion via a behind-the-meter power supply arrangement. To support construction, it has acquired over 200 acres of local land. Last week, the firm announced plans to issue $3.3 billion in senior secured notes due 2031 to fund data center expansions across Texas, Georgia, North Carolina, and Oklahoma. In March, it also secured a $1 billion credit facility from Morgan Stanley. As Bitcoin mining profitability face

April 28th – Market divergence over Kevin Warsh’s potential policy direction as Federal Reserve chair has grown more pronounced following the conclusion of his nomination hearing, per a recent CNBC survey. The survey of 26 economists, strategists and analysts yielded these key findings: - 50% of respondents believe Warsh can maintain strong policy independence, while 46% see his independence as limited or nonexistent. This marks a 13-percentage-point jump in recognition of his independence from last month, signaling the hearing has eased some market concerns. - 58% view Warsh as leaning “dovish” overall, supportive of rate cuts. Yet 65% expect him to take a “hawkish” stance on balance sheet reduction, accelerating the Fed’s asset runoff. - 41% forecast Warsh could shrink the Fed’s ~$6.7 trillion balance sheet by ~$800 billion in his first year in office, while 46% say meaningful progress may be hard to achieve in the short term. Market focus centers on Warsh’s past comments