GM. This is the Never Die Newsletter, where I share whatever crypto news and content I feel like, every week, short and sweet, right to your beautiful little inbox.
This week we have:
📺 Latest Episode: Bitcoin’s Next Big Move Starts After April
📰 News: Drift Protocol Suffers $280M Exploit
🌟 Narrative of the week: Ethereum Usage Hits Record Highs
NEWS📰
🚨 Drift Protocol Suffers $280M Exploit
Solana based DEX Drift Protocol has been drained of $280 million in an exploit where attackers manipulated the network's durable nonce feature to bypass security measures. The massive theft has sparked intense industry backlash against stablecoin issuer Circle, with critics arguing the company had a six hour window to freeze the stolen USDC before it was bridged to Ethereum but failed to act.
📈 March Saw a Massive $1.32B Comeback for Bitcoin ETFs
March marked a powerful turnaround for spot Bitcoin ETFs, driving a staggering $1.32 billion in net inflows, the first positive month of 2026 and the biggest surge since October 2025. Despite broader macroeconomic fears and geopolitical headwinds earlier in the quarter, crypto investment products demonstrated remarkable resilience, signaling a strong return of institutional appetite.
⛏️ Major Bitcoin Miners Offload Strategic BTC Sales
Major Bitcoin miners, including Riot Platforms and MARA Holdings, have executed strategic BTC sales last quarter to navigate rising energy costs driven by global macroeconomic pressures. Riot successfully netted $289.5 million by selling 3,778 BTC at a strong average price of $76,626, while still maintaining a massive 15,680 BTC treasury.
⚖️ CFTC Sues States to Protect Prediction Markets
The CFTC, supported by the DoJ, has officially filed lawsuits against Arizona, Connecticut, and Illinois to prevent state level interference in federally registered prediction markets. Emphasizing that federal derivatives law supersedes state regulations, CFTC Chair Mike Selig stated the agency is committed to defending its exclusive regulatory authority and protecting market participants from overzealous state actions.
📊 Stablecoins Dominate Q1 Crypto Trading
Stablecoins dominated the crypto market in Q1, accounting for a record 75% of total trading volume. Total stablecoin supply reached a record $315 billion with transaction volumes exceeding $28 trillion, though the underlying data reveals a sharp 16% decline in retail transfers offset by a massive surge in automated, bot-driven activity.
Bitcoin’s Next Big Move Starts After April
In this video, I break down why Bitcoin isn’t moving right now but what comes after April could change everything. Markets are under pressure from tight liquidity, geopolitics, and macro stress, but this phase has a timeline. I explain what’s driving it, what shifts after mid April, and why that could unlock a much stronger move for crypto.
Narrative of the Week: Ethereum Usage Hits Record Highs
Ethereum just posted its strongest on chain activity in its history to start 2026, even as price continues to lag, creating a clear disconnect between fundamentals and market sentiment. Here's what you need to know
Record Activity: Daily transactions hit an ATH high of 2.88M, with averages holding above 2.5M (nearly double last year’s levels).
User Growth: Active addresses surged close to 2M, with new wallet creation spiking up to 450K in a single day, but with most of these being driven by bots and AI agents.
Heavy On-Chain Usage: Smart contract calls topped 40M daily, showing real demand from DeFi, RWAs, and dapps.
Upgrades Paying Off: Recent upgrades like Fusaka and Pectra slashed fees to cents, making the Ethereum L1 significantly cheaper and more usable.
Ethereum is quietly putting up its strongest fundamentals ever while price does nothing. That kind of disconnect doesn’t last. Real usage at this scale means actual demand for blockspace, and eventually that flows back into ETH. The network is finally scaling without breaking, now it’s just a matter of when the market catches up.
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