Morgan Stanley's recent entry into the U.S. spot Bitcoin ETF market is seen by some observers as a potential catalyst to end the current crypto bear market, due to the firm's extensive $8 trillion wealth advisor network. According to ChainCatcher, Blockstream CEO and early Bitcoin community contributor Adam Back expressed skepticism about the immediate impact of this development. Back, who was recently speculated by The New York Times to be Bitcoin's anonymous founder Satoshi Nakamoto—a claim he denies—emphasized that while the Bitcoin ETF represents a significant market signal, its influence may unfold more slowly than anticipated. He noted that institutional adoption tends to be gradual, and although ETFs have been purchased, fund managers have yet to allocate the suggested 2% to 4% in general stock portfolios, as advised by BlackRock. Back explained that the process of building positions might take a year or even 18 months, as investors are unlikely to rush in overnight. He also highlighted the importance of considering Bitcoin's four-year halving cycle, which could still lead to price declines despite some commentators suggesting the cycle is breaking. The expectation of the cycle's occurrence often leads to selling, reinforcing its impact. Regarding recent discussions on the potential threat of quantum computing advancements to Bitcoin cryptography, Back noted that institutions are more systematic in risk management, focusing on tail risks, while retail investors view it as a distant future concern.

A QNT reserve pool has been attacked, resulting in the loss of 1,988.5 QNT tokens, according to Odaily. The attack stemmed from a design flaw in the EIP-7702 account, where the pool's administrator identity was held by an address that delegated its code to the BatchExecutor contract. The BatchExecutor authorized the BatchCall contract as a caller without permission control, and the BatchCall.batch function lacked permission checks. This allowed the attacker to exploit the vulnerability and extract tokens from the pool.

According to the official announcement, BitMart will launch perpetual contracts for PROSUSDT, CRDOUSDT, and APLDUSDT on April 29, 2026 at 14:00 (UTC+8), supporting leverage up to 20x.

According to SlowMist monitoring, a QNT reserve pool suffered an attack due to a design flaw in the EIP-7702 account, resulting in the loss of 1988.5 QNT, worth approximately 54.93 ETH. The root cause of the attack lies in the fact that the administrator of the reserve pool was held by an address that delegated its code to the BatchExecutor contract through EIP-7702. Because BatchExecutor authorized the BatchCall contract, which lacked permission control, as the caller, and the BatchCall.batch function lacked permission checks, the attacker exploited an arbitrary call vulnerability to extract tokens from the pool.

Mojtaba Ferdowsipour has stated that any U.S. efforts to impose a maritime blockade on Iran would be ineffective. According to NS3.AI, Ferdowsipour emphasized that Iran has the capability to circumvent such blockades by utilizing its land borders with neighboring countries.

Ethereum's price fluctuations could lead to substantial liquidations on major centralized exchanges. According to ChainCatcher, data from Coinglass indicates that if Ethereum's price falls below $2,197, the cumulative liquidation of long positions could reach $929 million. Conversely, if Ethereum surpasses $2,407, the liquidation of short positions could total $605 million.

According to Odaily Seer, a new prediction market event has been launched on Polymarket, predicting whether another country will leave OPEC in 2026. The current probability of "yes" is 36%. The event's rules state that if another OPEC member officially announces its withdrawal by 11:59 PM GMT on December 31, 2026, the market will declare it "yes"; otherwise, it will declare it "no." Informal statements, anonymous sources, or leaked information are invalid. The market's primary decision-making basis is official information from the relevant government, but it also considers consensus from other credible reports. The UAE previously announced its withdrawal from OPEC and OPEC+ on May 1st. As a long-time OPEC member, the UAE's unexpected withdrawal could plunge the organization into chaos and weaken its influence. Analysts believe that the UAE's withdrawal from OPEC could be a major victory for Trump, who has accused the organization of "blackmailing the rest of the world" by driving up oil prices. Odaily Seer continues to monitor prediction markets, anticipating changes before they are priced in.

Adam Back has highlighted the increasing institutional demand for Bitcoin via U.S. spot Bitcoin ETFs. According to NS3.AI, Back noted that while interest is growing, widespread adoption might take a year to 18 months rather than happening swiftly. He referenced Morgan Stanley's recent entry into ETF distribution and observed that many fund managers have yet to implement BlackRock's recommended 2%–4% portfolio allocation for Bitcoin.

According to SoSoValue data, Bitcoin spot ETFs saw a total net outflow of $89.6754 million yesterday (April 28th, Eastern Time). The Bitcoin spot ETF with the largest single-day net inflow was Ark Invest and 21Shares' ETF ARKB, with a net inflow of $41.2021 million. ARKB's historical total net inflow has reached $1.608 billion. The Bitcoin spot ETF with the largest single-day net outflow was BlackRock's ETF IBIT, with a net outflow of $112 million. IBIT's historical total net inflow has reached $78.118 million. As of press time, the total net asset value of Bitcoin spot ETFs is $100.39 billion, with an ETF net asset ratio (market capitalization as a percentage of total Bitcoin market capitalization) of 6.56%, and a historical cumulative net inflow of $58.211 billion.

According to SoSoValue data, Ethereum spot ETFs saw a total net outflow of $21.8019 million yesterday (April 28th, Eastern Time). The Ethereum spot ETF with the largest single-day net outflow was BlackRock ETF ETHA, with a net outflow of $13.1697 million, bringing its historical total net outflow to $55.642 million. This was followed by Grayscale Ethereum Trust ETF ETHE, with a single-day net outflow of $6.9149 million, bringing its historical total net outflow to $5.254 billion. As of press time, the total net asset value of Ethereum spot ETFs was $13.571 billion, with an ETF net asset value ratio (market capitalization as a percentage of total Ethereum market capitalization) of 4.9%, and a historical cumulative net inflow of $12.026 billion.

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