What Happened Over the Weekend
The weekend brought a sharp mix of security risk, geopolitical escalation, crypto volatility, and fresh focus on the US macro calendar.
Washington Security Incident
On April 25, 2026, gunshots erupted outside the White House Correspondents’ Dinner at the Washington Hilton in D.C. after a gunman charged a Secret Service checkpoint near the ballroom. The suspect, Cole Tomas Allen, a 31-year-old from Torrance, California, was armed with a shotgun, handgun, and knives. He fired 5-8 shots, left a manifesto targeting Trump officials, and described himself as a “friendly federal assassin.”
US President Trump, First Lady Melania Trump, Vice President Vance, and Cabinet members were evacuated unharmed. One Secret Service agent was hit, but a bulletproof vest prevented serious injury. There were no serious injuries among the 2,600 attendees. The suspect was arrested at the scene and remains in custody, while the incident has already led to security reviews and renewed calls for stronger White House protection.
Geopolitics and Oil
Geopolitical tension stayed high through the weekend. Trump said, “Iran’s oil under pressure… they have 3 days,” adding to an already tense backdrop.
Several other developments pushed the same tone:
- Trump canceled a meeting with Iranian representatives in Pakistan, citing internal chaos and time-wasting.
- Iran said the United States must stop the threats before negotiations resume.
- A maritime reconnaissance plane headed toward Cuba amid rising US surveillance activity.
- China warned it may respond after Chinese entities were included in European sanctions on Russia.
A new diplomatic channel also appeared. Iran, through Pakistani mediators, gave the United States a proposal focused on reopening the Strait of Hormuz and ending the war. Under the proposal, nuclear negotiations are postponed to a later stage. Trump is expected to meet with his national security and foreign policy team on Monday to discuss it. He has also signaled he wants to continue the US “blockade” of the Strait of Hormuz. Trump said the Iranian position was the reason he canceled a trip by Steve Witkoff and Jared Kushner to Pakistan. Even so, indirect US-Iran talks still appear to be ongoing.
Markets reacted fast. US oil prices rose above $96/barrel as trading reopened after the cancellation of the US-Iran peace talks.
Bitcoin and Liquidity
Bitcoin tested the weekend mood directly. It pushed to $79,000, with the move framed as a run toward $80,000, though that area was also described as one where traders need to be very careful. Soon after, Bitcoin extended gains and moved above $79,000, showing stronger risk appetite.
That strength did not last. Bitcoin then dropped $1,400 in 60 minutes and fell below $78,000, wiping out more than $53 million in longs in what was described as a typical low-liquidity weekend flush.
The structure still looks unstable. Bitcoin is seen as futures-driven, with open interest rising while on-chain apparent demand remains net negative, even with ETF inflows and Saylor buys. Per analyst Ki Young Ju: bear markets usually end when both spot demand and futures demand recover together, and that full recovery is still missing.
Liquidity stayed part of the story as well. A scheduled Federal Reserve liquidity injection of about $7.6 billion entered the market conversation, and since the end of quantitative tightening (QT) in December, roughly $172 billion has been injected.
Crypto Risk and Regulation
Beyond price action, crypto also saw project-specific stress and policy pressure.
ether.fi allocated around 10,000 ETH (~$23 million) to support Kelp’s rescue plan, but the timing raised immediate questions because a massive unlock for ETHFI tokens is approaching and potential inflation could reach 95.7% of supply. That left the market focused on a few simple questions:
- Is the support genuine, or is it an attempt to create exit liquidity?
- Will there be visible on-chain movements on April 30?
- If money moves, does that only support the narrative temporarily?
- If nothing moves, does that open the door to stronger selling pressure?
At the same time, EigenLayer has not contributed financially despite benefiting from the protection and holding massive locked value. The situation now looks like a conflict between system support and risk management, or both at once.
The background risk remains large. More than $4.5 billion is still exposed to the same hack vulnerability after the Kelp DAO Hack, and around 47% of LayerZero applications (OApps) still run on a 1-of-1 DVN setup, which is viewed as a weak and hackable model.
Regulation also tightened. Under the EU’s 20th sanctions package, authorities introduced:
- a ban on all Bitcoin and crypto transactions with providers from Russia and Belarus,
- a prohibition on dealings with Russian platforms, both centralized and decentralized,
- a ban on dealings with the digital ruble and RUBx,
- and measures targeting “sanctions evasion” hubs in Central Asia and the UAE.
The message is clear: Europe is moving harder against the use of crypto in sanctions bypassing.
The Week Ahead in the United States
This week now matters even more because markets have to balance geopolitical tension, oil, liquidity, growth, inflation, earnings, and the Federal Reserve at the same time.
The schedule starts with the market reaction to the cancellation of US-Iran talks at 6 PM ET.
After that, the main US numbers are straightforward:
April Consumer Confidence on Tuesday will show how households are handling the current environment; the April Fed Interest Rate Decision and Statement on Wednesday will shape expectations for future rate decisions; and Q1 2026 GDP plus March PCE Inflation on Thursday will give the clearest read on growth and inflation together. In simple terms, stronger growth and firmer inflation would support a higher-for-longer Fed view, while softer growth and cooler inflation would support a more flexible path later.
Even without a major jobs report, these releases will still shape how markets think about the labor backdrop, demand strength, and how much room the Fed really has.
Alongside the macro data, Microsoft, Amazon, Meta, and Google report on Wednesday, Apple reports on Thursday, and around 20% of S&P 500 companies report earnings this week.
Key US Events This Week
- US Markets React to Cancellation of US-Iran Talks – 6 PM ET
- April Consumer Confidence data – Tuesday
- April Fed Interest Rate Decision and Statement – Wednesday
- Microsoft, Amazon, Meta, Google Report Earnings – Wednesday
- Apple Reports Earnings – Thursday
- US Q1 2026 GDP Data – Thursday
- March PCE Inflation data – Thursday
- ~20% of S&P 500 companies report earnings this week
Token unlocks
Jupiter (JUP)
Date: April 28, 2026.
Unlock Value: 9.77M USD
% of Circulating Supply: 1.53%
Number of Tokens: 53.47M JUP.
Gunz (GUN)
Date: April 30, 2026.
Unlock Value: 5.5M USD
% of Circulating Supply: 17.00%
Number of Tokens: 354.39M GUN.
Kamino (KMNO)
Date: April 30, 2026.
Unlock Value: 4.5M USD
% of Circulating Supply: 3.26%
Number of Tokens: 229.17M KMNO.
Optimism (OP)
Date: April 30, 2026.
Unlock Value: 3.95M USD
% of Circulating Supply: 1.53%
Number of Tokens: 31.34M OP.
Zora (ZORA)
Date: April 30, 2026.
Unlock Value: 2.3M USD
% of Circulating Supply: 3.57%
Number of Tokens: 166.67M ZORA.
Sui (SUI)
Date: May 1, 2026.
Unlock Value: 40.39M USD
% of Circulating Supply: 1.08%
Number of Tokens: 42.62M SUI.
EigenCloud (EIGEN)
Date: May 1, 2026.
Unlock Value: 6.70M USD
% of Circulating Supply: 7.01%
Number of Tokens: 36.82M EIGEN.
ZetaChain (ZETA)
Date: May 1, 2026.
Unlock Value: 2.5M USD
% of Circulating Supply: 3.25%
Number of Tokens: 44.26M ZETA.
Omni Network (OMNI)
Date: May 2, 2026.
Unlock Value: 5.3M USD
% of Circulating Supply: 23.25%
Number of Tokens: 7.99M OMNI.
Ethena (ENA)
Date: May 2, 2026.
Unlock Value: 4.45M USD
% of Circulating Supply: 0.50%
Number of Tokens: 40.63M ENA.
This article is for informational purposes only and does not constitute financial advice. For more market updates, visit the Millionero blog and trade on Millionero.