Market
Stripe’s $1.1 Billion Bridge Acquisition: A Landmark Crypto Deal

Stripe has acquired Bridge, a stablecoin platform, for a staggering $1.1 billion. This acquisition marks one of the largest in the crypto space to date and highlights Stripe’s strategic ambitions to integrate digital currencies further into its global payment system.
The firm has been gradually introducing crypto features, including supporting payouts in stablecoins and exploring cryptocurrency payment rails. Nevertheless, the acquisition of Bridge represents a more aggressive push.
Stripe Executes Crypto’s Largest Acquisition in Bridge Deal
With Bridge’s expertise in the stablecoin space, Stripe is expected to introduce enhanced cross-border payment solutions. This would allow businesses to accept payments in USDT and USDC seamlessly. The acquisition also positions Stripe to compete more effectively with other fintech firms that have been making similar moves into the crypto space.
Stripe has been gradually expanding its capabilities to include cryptocurrency support. The firm has long been a major player in online payment solutions. By acquiring Bridge, the payment giant will be able to accelerate its efforts to build out a fully integrated crypto ecosystem in one of the largest crypto acquisitions ever.
Indeed, the $1.1 billion valuation surpasses many other high-profile acquisitions in the space. It signals the value Stripe sees in the stablecoin market and the maturing of blockchain technology as a whole. With this deal, Stripe continues its evolution from a simple payment processor into a broader financial technology company, well-equipped to handle what is steadily becoming the future of money.
Read more: What Is a Stablecoin? A Beginner’s Guide
BeInCrypto reported discussions of the acquisition last week, with this development marking a pivotal moment for both companies. Stripe’s move is seen as a strategic decision to bolster its crypto infrastructure and bring more efficiency, flexibility, and scalability to its payment offerings through stablecoin payments.
Bridge, on the other hand, has gained prominence over the last few years. In August, the firm raised $58 million in funding from major investors, including Sequoia and Index Ventures. The fundraiser’s success reflected a shared belief in the potential of stablecoins in global finance.
The blockchain-based company specializes in creating seamless connections between traditional financial (TradFi) institutions and decentralized finance (DeFi) platforms. Its technology enables faster, more secure transactions across various financial platforms.
Taken together, this acquisition highlights the growing convergence between TradFi systems and blockchain technology. Analysts believe that this acquisition highlights the growing adoption of stablecoins as a means of payment.
“The $1 billion acquisition of Bridge by Stripe signals to VCs that stablecoin startups which were previously underfunded due to lack of early token liquidity now have a clearer path towards big exits. Expect more funding and more entrepreneurs building around stablecoins,” wrote Qiao Wang, founder of Alliance DAO.
Read more: How To Fund Innovation: A Guide to Web3 Grants
As cryptocurrencies and blockchain technology become more embedded in mainstream financial systems, acquisitions like this will likely become more common.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
How Did UPCX Lose $70 Million in a UPC Hack?

UPCX suffered a major hack today, with 18.4 million UPC tokens stolen from its management accounts. This amounts to about $70 million dollars, and the price of UPC fell drastically.
The hackers stole more UPC than is currently circulating in the markets and haven’t offloaded any assets yet. It is unclear who did this or how they will be able to secure their gains in other assets.
UPCX Suffers Major Hack
Cyvers, a crypto security firm that has tracked and uncovered several major crimes, identified a serious hack this morning. Multiple suspicious transactions took place involving UPCX’s management account, and the firm acknowledged suspicious activity. UPCX didn’t go into great detail, only describing a few security measures, but Cyvers showed the extent of the hack:
“It appears that someone gained access to the address 0x4C….3583E, upgraded the ‘ProxyAdmin’ contract, and executed the ‘withdrawByAdmin’ function, resulting in the transfer of 18.4 million UPC (approximately $70 million) from three different management accounts,” Cyvers claimed via social media.
UPCX is an open-source crypto payment system, and this hack may represent a serious blow to the company. According to CoinGecko data, the hackers stole significantly more UPC tokens than are currently available, which is around 4 million. Naturally, this caused the price to drop significantly, in an immediate drop of over 4%:

Although a $70 million hack will certainly damage UPCX individually, it’s unclear if it will actually impact the broader market much. The largest hack in crypto history took place a little over a month ago, and the community is still assessing the fallout. Meanwhile, UPCX is comparatively tiny; less than 10,000 X users viewed its post admitting to the security breach.
Since the UPCX hack took place, the recipient account hasn’t moved any of its UPC tokens. Indeed, it may be difficult for the perpetrator to convert these assets into usable fiat in the first place. If the hackers stole nearly 5x the amount of UPC tokens in circulation, any attempt to liquidate them will crash UPC’s token price even further.
Ultimately, the UPCX hack is strange for several reasons. Despite a large dollar amount, it hasn’t attracted a huge amount of buzz or impacted the market outside UPC. Hopefully, further analysis will identify the perpetrators, and possibly freeze the assets. Otherwise, the threat of a future sale could hamper UPC’s recover for the foreseeable future.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Ethereum Struggles to Break Out as Bear Trend Fades

Ethereum (ETH) enters the week with mixed signals as traders brace for tomorrow’s “Liberation Day” tariff announcement, a potential macro catalyst that could impact risk assets. While the BBTrend indicator remains deeply negative, it’s beginning to ease, hinting at a possible slowdown in bearish momentum.
On-chain data shows a slight uptick in whale accumulation, suggesting cautious optimism from large holders. Meanwhile, Ethereum’s EMA setup shows early signs of a trend reversal, but the price still needs to break key resistance levels to confirm a shift in direction.
ETH BBTrend Is Easing, But Still Very Negative
Ethereum’s BBTrend indicator is currently reading -11.66, slightly improved from -12.54 the day before, but still in negative territory for the second consecutive day.
The Bollinger Band Trend (BBTrend) measures the strength and direction of a trend based on how price interacts with the upper and lower Bollinger Bands.
A positive BBTrend suggests bullish momentum, with the price expanding toward the upper band, while a negative BBTrend indicates bearish momentum, with the price leaning toward the lower band. Typically, a value beyond 10 is considered a strong trend signal, making the current -11.66 reading a sign of continued downside pressure.

The persistent negative BBTrend suggests that Ethereum remains in a short-term bearish phase, with sellers still dominating the price action.
While yesterday’s slight uptick hints at a potential slowing of downward momentum, the indicator remains well below the neutral zone, meaning any reversal is still unconfirmed, despite Ethereum flipping Solana in DEX trading volume for the first time in 6 months.
Traders may interpret this as a warning to stay cautious, especially if ETH continues hugging the lower Bollinger Band. For now, price action remains fragile, and any bounce will need to be supported by a decisive shift in volume and sentiment to signal a meaningful reversal.
Ethereum Whales Are Accumulating Again
The number of Ethereum whales—wallets holding between 1,000 and 10,000 ETH—has ticked up slightly, rising from 5,322 to 5,330 in the past 24 hours.
While this is a modest increase, whale activity remains one of the most closely watched on-chain metrics, as these large holders often influence market direction. Whales’ accumulation can signal growing confidence in Ethereum’s medium—to long-term prospects, especially during periods of price uncertainty or consolidation.
Conversely, a decline in whale addresses typically suggests weakening conviction or profit-taking.

Although the recent uptick is a positive sign, it’s important to note that the current number of Ethereum whales is still below the levels observed in prior weeks.
This means that while some large holders may be re-entering the market, the broader whale cohort has yet to fully commit to an accumulation phase.
If the upward trend in whale numbers continues, it could support a bullish shift in sentiment and price. However, for now, the data points to cautious optimism rather than a decisive reversal.
Will Ethereum Break Above $2,100 Soon?
Ethereum’s EMA lines are showing early signs of a potential trend reversal, with price action attempting to break above key short-term averages.
If Ethereum price can push through the resistance at $1,938, it may signal the start of a broader recovery, potentially targeting the next resistance levels at $2,104, and if momentum builds—especially with supportive macro catalysts—increasing toward $2,320 and even $2,546.

On the flip side, if Ethereum fails to maintain its upward push and bearish momentum resumes, the focus will shift back to downside levels.
The first key support sits at $1,823; a break below that could expose Ethereum to further losses toward $1,759.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Binance Megadrop Launches KernelDAO

Binance Megadrop has announced its fourth project – KernelDAO (KERNEL), a restaking protocol supporting three key tokens Kernel, Kelp, and Gain.
Introduced in 2024, Binance Megadrop is a token launch platform that provides users with early access to promising crypto projects before their official listing.
KernelDAO and Binance Megadrop: Overview
KernelDAO is a restaking protocol that allows users to repurpose staked assets (such as ETH or BNB) to participate in other protocols, maximizing yield. The protocol launched its mainnet in December 2024.
The KernelDAO Megadrop event kicks off on April 1, 2025, and lasts for 20 days, rewarding participants with KERNEL tokens. Kelp, a KernelDAO component, manages over $1.15 billion in Total Value Locked (TVL) across 10 blockchains, including Ethereum and BNB Chain.

KernelDAO has a maximum supply of 10 billion KERNEL tokens. Binance has allocated 40 million KERNEL (4% of the total supply) for participants. Upon listing on Binance, the initial circulating supply will be 162,317,496 KERNEL (16.23% of the total supply).
After the Megadrop event, KERNEL will be listed on Binance Spot with trading pairs such as KERNEL/BTC, KERNEL/USDT, and KERNEL/BNB.
KernelDAO is the fourth project on Binance Megadrop, following Lista (LISTA) and Xai (XAI). Previously, Binance Labs invested in Kernel to build recovery infrastructure on the BNB Chain.
Binance’s inclusion of KernelDAO could contribute to the growth of the restaking sector. According to DeFiLlama, the total TVL of restaking protocols surpassed $15 billion in early 2025, with EigenLayer and Kelp leading the market.
With 40 million KERNEL tokens distributed through Megadrop, many participants may sell immediately after receiving their tokens, potentially creating downward price pressure. Additionally, increasing competition from protocols like EigenLayer could pose challenges for KernelDAO.
Additionally, not all projects listed on Binance have performed impressively. In 2024, Binance-listed tokens all fell, with 29 out of 30 tokens posting significant losses.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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