Weekly Crypto News Roundup: April Highlights

By: Isha Das

• Ethereum Faces Significant Short Pressure Amid Market Concerns - Ethereum faces increased short positions as hedge funds speculate on its declining value, while ETH ETFs see substantial inflows.
• North Carolina Moves Forward with Bitcoin Reserve Legislation - US state proposes legislative bill for Bitcoin investments, highlighting Bitcoin's dominant market stance.
• Grayscale's Push for Cardano ETF Signals Growing Institutional Interest - Grayscale's SEC filing for a Cardano ETF underscores rising institutional interest in ADA, amongst significant market gains.
• ZkLend Hack Results in $9.5 Million Exploit, Hackers Offered Bounty - ZkLend's recent security breach highlights vulnerability in DeFi space, as company seeks negotiation with hackers.
• OpenSea Introduces SEA Token and Expands Cross-Chain Capabilities - NFT platform OpenSea launches a new token along with cross-chain trading features for enhanced marketplace efficiency.