The blockade exacerbates global oil supply issues, heightening economic 
tensions and reducing prospects for a swift diplomatic resolution.
The post US blockade halts Iranian sea trade, Strait of Hormuz traffic stalls 
appeared first on Crypto Briefing.

US blockade halts Iranian sea trade, Strait of Hormuz traffic stalls

The mobilization highlights the fragility of regional stability and the 
potential for rapid escalation despite ceasefire agreements.
The post Hesder Yeshiva students mobilize for defense amid Hezbollah tensions 
appeared first on Crypto Briefing.

Hesder Yeshiva students mobilize for defense amid Hezbollah tensions

The ongoing conflict and recent strikes undermine ceasefire prospects, 
complicating diplomatic efforts and increasing regional instability.
The post Russian strikes kill 21 in Ukraine on Chernobyl anniversary appeared 
first on Crypto Briefing.

Russian strikes kill 21 in Ukraine on Chernobyl anniversary

Solana failed to settle above $86 and corrected most gains. SOL price is now 
consolidating losses above $82 and might attempt another increase. SOL price 
started a fresh decline below $86 and $85 against the US Dollar. The price is 
now trading below $85 and the 100-hourly simple moving average. There was a 
break above a connecting bearish trend line with resistance at $84 on the 
hourly chart of the SOL/USD pair (data source from Kraken). The price could 
start a recovery wave if the bulls defend $83.00 or $82.50. Solana Price Dips 
From $88 Solana price failed to remain stable above $88 and started a fresh 
decline, like Bitcoin and Ethereum. SOL declined below the $86 and $85 levels. 
The bears even pushed the price toward $83. A low was formed at $82.96, and 
the price is now consolidating losses. There was a minor recovery wave above 
the 23.6% Fib retracement level of the downward move from the $88.08 swing 
high to the $82.96 low. Besides, there was a break above a connecting bearish 
trend line with resistance at $84 on the hourly chart of the SOL/USD pair. 
Solana is now trading near $85 and the 100-hourly simple moving average. On 
the upside, immediate resistance is near the $85.50 level or the 50% Fib 
retracement level of the downward move from the $88.08 swing high to the 
$82.96 low. The next major resistance is near the $86.80 level. The main 
resistance could be $88. A successful close above the $88 resistance zone 
could set the pace for another steady increase. The next key resistance is 
$90. Any more gains might send the price toward the $92 level. More Losses In 
SOL? If SOL fails to rise above the $85.50 resistance, it could continue to 
move down. Initial support on the downside is near the $83.50 zone. The first 
major support is near the $83 level. A break below the $83 level might send 
the price toward the $80 support zone. If there is a close below the $80 
support, the price could decline toward the $75 support in the near term. 
Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the 
bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD 
is above the 50 level. Major Support Levels – $84.00 and $82.00. Major 
Resistance Levels – $85.50 and $88.00.

Solana (SOL) Rebound Feels Exhausted—Are Sellers Taking Over Again?

Galaxy Digital reported a tough start to the year as crypto prices fell and 
market values broadly contracted. In its first-quarter (Q1) results, the 
company reported a net loss of $216 million while the total crypto market 
capitalization slid by roughly 20% during the same period. Despite that 
difficult environment, Galaxy CEO Mike Novogratz said in an interview with 
Bloomberg that Hyperliquid (HYPE) helped the company avoid even worse 
outcomes. Galaxy Digital Q1 Snapshot In Galaxy’s Q1 2026 reporting, the 
company attributed the net loss primarily to the depreciation of digital asset 
prices over the quarter. The firm also posted an adjusted gross loss of $88 
million, along with an adjusted EBITDA loss of $188 million. On a per-share 
basis, Galaxy reported diluted and adjusted EPS of $0.49. Even with the 
losses, Galaxy Digital ended the quarter with a solid balance sheet, including 
total equity of $2.8 billion and cash plus stablecoin holdings totaling $2.6 
billion as of March 31, 2026. The company said it ended Q1 with approximately 
$5 billion in assets under management and $3.2 billion in assets under stake. 
Related Reading: XRP $10 By 2027? Top Expert Flags Two Must-Happen Catalysts 
For A Bull Run At the same time, the firm reported that its asset management 
segment generated $69 million in net inflows across the quarter, suggesting 
demand still existed even as pricing pressure weighed on performance. 
Novogratz’s comments focused on how Galaxy Digital managed risk and exposure 
while markets moved against crypto. He said the balance sheet “lost money 
because crypto prices were down,” but argued Galaxy “way outperformed” what 
would have happened if it had not taken steps to adjust its positions. 
Hyperliquid As The ‘Future Of Crypto’? According to Novogratz, the company cut 
some positions and shifted a significant portion of its level two exposure 
into Hyperliquid. He described Hyperliquid as one of the tokens he has 
discussed previously and indicated that the platform’s structure stands out in 
the sector. In explaining the reasoning behind Galaxy’s support, Novogratz 
said he backed Hyperliquid “mostly because it’s got an economic model,” 
contrasting it with other tokens he described as being more “association 
tokens.” The executive added that Hyperliquid provides a way to look at what 
the future of crypto could look like, framing it as a more substantive 
approach compared with projects that function differently. Galaxy Digital’s 
relationship with Hyperliquid goes beyond investment interest. The company has 
significant exposure to Hyperliquid’s native token, HYPE, and it also acts as 
a validator on the network. Bitcoin Over $100,000 Again? Novogratz also 
addressed Bitcoin’s (BTC) current price action. He noted that if Bitcoin 
manages to climb back above $100,000, it may still be difficult for the asset 
to sustain that level depending on broader economic conditions. Related 
Reading: Solana Prepares For The Quantum Era: Foundation Details Step-By-Step 
Transition He pointed out that to reach that price “you’re going to need a few 
things to happen,” and emphasized that easing from central banks would be 
central to the equation. However, he cautioned that macroeconomic pressures 
are unlikely to ease quickly, citing inflation concerns tied to current 
events. Galaxy Digital CEO referenced the war in Iran and said “we’ve got some 
pretty ugly inflation prints that are going to come through the pipeline,” 
adding that, in his view, “I don’t think the Fed does anything but sits and 
watches.” Despite the quarterly loss, Galaxy Digital’s stock (trading under 
the ticker symbol GLXY) surged around 4% during Tuesday’s trading session, 
reaching $26 per share. Meanwhile, Hyperliquid’s native token saw a 5% loss 
and retraced to $39. Featured image from OpenArt, chart from TradingView.com

Galaxy Digital Posts $200M Quarterly Loss—Did Hyperliquid Help Avoid New Crisis?

The GCC summit highlights regional defense concerns, but market skepticism 
suggests minimal likelihood of imminent military escalation.
The post GCC summit in Saudi Arabia focuses on Iranian missile threat appeared 
first on Crypto Briefing.

Cryptocurrency price in AED

Market Overview