Global oil markets face potential volatility, with geopolitical tensions 
possibly triggering rapid price shifts and economic disruptions.
The post IEA warns of oil price spikes if Strait of Hormuz remains closed 
appeared first on Crypto Briefing.

IEA warns of oil price spikes if Strait of Hormuz remains closed

Unchecked presidential authority may lead to increased military tensions, 
impacting U.S.-Iran relations and global geopolitical stability.
The post Congress blocks measure to limit Trump&#8217;s military action against Iran 
appeared first on Crypto Briefing.

Congress blocks measure to limit Trump’s military action against Iran

Dogecoin started a decent increase above $0.0950 against the US Dollar. DOGE 
is now consolidating and might aim for an upside break above $0.10. DOGE price 
started a fresh increase above $0.0950 and $0.0975. The price is trading above 
the $0.0965 level and the 100-hourly simple moving average. There is a bullish 
trend line forming with support at $0.0970 on the hourly chart of the DOGE/USD 
pair (data source from Kraken). The price could aim for a fresh increase if it 
remains stable above $0.0950. Dogecoin Price Aims Higher Dogecoin price 
started a fresh increase after it settled above $0.0950, like Bitcoin and 
Ethereum. DOGE climbed above the $0.09650 resistance to enter a positive zone. 
The bulls were able to push the price above $0.0980. A high was formed at 
$0.0997 and the price is now correcting some gains. There was a move below the 
23.6% Fib retracement level of the upward move from the $0.0945 swing low to 
the $0.0997 high. Dogecoin price is now trading above the $0.0965 level and 
the 100-hourly simple moving average. There is also a bullish trend line 
forming with support at $0.0970 on the hourly chart of the DOGE/USD pair. If 
there is another increase, immediate resistance on the upside is near the 
$0.0990 level. The first major resistance for the bulls could be near the 
$0.0995 level. The next major resistance is near the $0.10 level. A close 
above the $0.10 resistance might send the price toward $0.1120. Any more gains 
might send the price toward $0.1150. The next major stop for the bulls might 
be $0.120. Another Decline In DOGE? If DOGE’s price fails to climb above the 
$0.10 level, it could start a downside correction. Initial support on the 
downside is near the $0.0970 level and the trend line. The next major support 
is near the $0.0965 level or the 61.8% Fib retracement level of the upward 
move from the $0.0945 swing low to the $0.0997 high. The main support sits at 
$0.0945. If there is a downside break below the $0.0945 support, the price 
could decline further. In the stated case, the price might slide toward the 
$0.0905 level or even $0.090 in the near term. Technical Indicators Hourly 
MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 
50 level. Major Support Levels – $0.0970 and $0.0965. Major Resistance Levels 
– $0.0995 and $0.1000.

Dogecoin (DOGE) Reattempts Breakout, Bulls Eye Strong Rally Move

The arrival signifies a strategic military posture, potentially influencing 
geopolitical stability and market perceptions of regional conflict.
The post Third AC-130J Ghost Rider gunship arrives in CENTCOM area appeared 
first on Crypto Briefing.

Third AC-130J Ghost Rider gunship arrives in CENTCOM area

Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly 
anticipated user recovery plan alongside Tether and other collaborators. This 
move follows the major exploit that drained $285 million from the project’s 
vaults two weeks ago. Related Reading: Bitcoin Double Bottom Formation Eyes 
$82,500 Rally – Breakout Or Rejection Next? Drift Protocol Secures $150M 
Recovery Fund On Thursday, Drift Protocol, the largest decentralized perpetual 
futures exchange on the Solana blockchain, announced a collaboration with 
Tether and other partners to establish a “structured recovery plan backed by 
up to nearly $150 million in combined support” and relaunch with USDT “at the 
center.” According to the announcement, the funds include a $100 million 
revenue-linked credit line, an ecosystem grant, and loans to market makers, 
all intended to finance a dedicated user recovery pool. As NewsBTC reported, 
the Solana-based DEX suffered an exploit that stole hundreds of millions of 
dollars from its vaults on April 1. The attack took around $285 million in 
multiple crypto assets and became the largest exploit of 2026 to date. During 
the initial phase of the collaboration, a significant portion of exchange 
revenue, together with committed support capital, will be intended to fund 
this recovery pool, Drift explained, noting that any stolen funds recovered 
would be contributed to the pool. In addition, Drift revealed that it will 
issue a new token for the affected users to “streamline distribution of 
recovery assets as well as provide liquidity opportunities for impacted 
users.” The token will be a dedicated recovery token, separate from the DRIFT 
governance token, that is intended to represent a claim on the recovery pool 
and will be transferable. Solana DEX Eyes Hardened Security Framework The 
Solana-based project shared that it will harden its security, passing each 
component through independent audits by OtterSec and Asymmetric Research 
before relaunching the protocol. It will also introduce a new community- 
governed multisig to manage core protocol assets, requiring all multisig 
signers to operate on dedicated signing devices with transaction content 
independently verified outside the primary signing interface before any 
signature is executed. This aims to prevent similar attacks on the project. 
It’s worth noting that the malicious actors gained unauthorized access to 
Drift Protocol by manipulating its multisig approvals using Solana durable 
nonces. “The attack involved unauthorized or misrepresented transaction 
approvals obtained prior to execution, likely facilitated through durable 
nonce mechanisms and sophisticated social engineering,” the project explained 
on its first report. Since then, Blockchain analytics firm Elliptic has 
identified multiple indicators suggesting that the exploit is linked to the 
Democratic People&#8217;s Republic of Korea (DPRK), while Drift has affirmed that 
the exploit was a six-month operation to infiltrate the protocol’s inner 
circle and compromise their devices. USDT Settlements ‘At The Center’ Of Drift 
The project also detailed that it will relaunch with Tether’s USDT for 
settlements. Tether reportedly proposed to extend a USDT support facility to 
designated market makers “to reinforce deep, liquid markets from day one.” 
“Drift’s decision to integrate USD₮ into the relaunch and recovery of a major 
trading venue on Solana reinforces Tether’s role as a reliable settlement 
asset within the Solana ecosystem,” Tether stated. The shift from USDC to USDT 
settlement represents a significant change, following Circle’s decision not to 
freeze the stolen USDC during the initial attack. Notably, the exploiter 
swapped $270.9 million of the stolen assets into USDC within hours, bridged 
them from Solana to Ethereum via the CCTP TokenMessengerMinterV2, and 
purchased 129,000 ETH, splitting them across multiple wallets. Related 
Reading: Bitmine’s Ethereum Holdings Hits 4% Supply Milestone After 71,524 ETH 
Buy At the time, multiple investors and on-chain investigators urged Circle to 
freeze the funds, with crypto sleuth ZachXBT slamming the stablecoin issuer 
for its repeated “inaction” over the past few years. Circle has since 
addressed the backlash, affirming that it does not act “unilaterally or 
arbitrarily” and freeze funds when “the law requires us to act.” Drift 
concluded that “this is the first step toward making users whole over time and 
toward building back stronger than where we were before.” Featured Image from 
Unsplash.com, Chart from TradingView.com

Cryptocurrency price in LKR