Friday Forecasts: 24/04/26
April 24, 2026
Your weekly pulse on markets, narratives, protocols, and policy.
Market Pulse
XRP exchange supply drops by over 3 billion tokens in 14 months
The XRP exchange supply has declined sharply over the past 14 months, thereby reducing the sellable amount as of April 23.
Since February 24, 2025, the available supply of XRP on 41 cryptocurrency exchanges has declined by more than 3 billion tokens, reaching roughly 16 billion at press time, according to on-chain data from X user @Chachakobe4er. As such, the sellable supply of this token on 41 crypto exchanges dropped by 16% during this period.
MicroStrategy Reports Massive Bitcoin Gain and Yield in April
MicroStrategy reported a 6.2% BTC yield and a gain of 47,079 Bitcoin gain in the first three weeks of April. The Bitcoin (BTC) treasury company, led by Michael Saylor, said the gain is worth approximately $3.6 billion.
Narratives to Watch
Another DeFi Blow: Volo Protocol Hit by $3.5M Hack, Freezes Vaults on Sui
Volo Protocol lost $3.5M in a Sui blockchain exploit. Vaults are frozen, $500K recovered, and the team pledges to cover all user losses.
Volo Protocol, a DeFi platform on the Sui blockchain, suffered a major security breach on April 21. Attackers drained roughly $3.5 million from three vaults.
Ethereum Spot ETF Inflows Surge for 10 Consecutive Days, Signaling Robust Institutional Confidence
In a powerful demonstration of sustained institutional demand, U.S.-listed Ethereum spot exchange-traded funds (ETFs) have recorded a significant milestone, achieving ten consecutive days of net capital inflows as of April 22, 2025. According to definitive data from Farside Investors, these funds collectively attracted approximately $96.4 million on that date alone, extending a remarkable streak of positive investor sentiment toward the second-largest cryptocurrency by market capitalization.
Protocol Watch
Bithumb Halts HBAR Transactions: Critical Network Upgrade Prompts Temporary Suspension
Leading South Korean cryptocurrency exchange Bithumb announced a significant operational pause. The platform will temporarily suspend all deposit and withdrawal services for the Hedera (HBAR) cryptocurrency. This suspension is a direct response to an upcoming network upgrade on the Hedera Hashgraph mainnet.
Ripple unveils four-phase plan to make the XRP Ledger quantum-resistant by 2028
Ripple Labs is working on a structured plan to transition the XRP Ledger (XRPL), which uses XRP as its native token, to post-quantum cryptography by 2028.
In the first phase, Ripple Labs has outlined an emergency response plan in the event that classical cryptography breaks unexpectedly.
Regulatory Radar
CLARITY Act: Senator Tillis Urges Banking Committee to Delay Crypto Bill Markup to May
Senator Thom Tillis is urging the U.S. Senate Banking Committee to delay the CLARITY Act crypto bill markup until May. He argues that additional time is required for banks and crypto industry negotiators to reach a stablecoin yield compromise.
New York targets Coinbase, Gemini in fresh crackdown on prediction markets
Attorney General Letitia James alleged that Coinbase and Gemini ran unlicensed markets, adding pressure on crypto companies as states move to regulate event-based trading platforms.
Moonrig Perspective
Markets are maturing — and so are narratives.
Real opportunity now lies in utility-backed protocols, tokenomics with intent, and cross-chain infrastructure.
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