Crypto News

The Canadian federal government announced in its spring economic update report released on Tuesday that it plans to ban cryptocurrency ATMs to protect citizens from scams. The government defines cryptocurrency ATMs as the primary means by which scammers, victims of fraud, and criminals transfer illicit funds. FINTRAC's previous analysis revealed that cryptocurrency ATMs have become the primary channel for scammers in Canada to obtain victims' funds. With such devices unbanked and lack of manual audits, funds are transferred quickly and difficult to trace. Canada currently has nearly 4,000 cryptocurrency ATMs, ranking first in the world in per capita ownership. The Canadian government said the measure aims to ensure that citizens purchase virtual currency through physical money service businesses while better protecting against illegal activities. Previously, countries such as the United Kingdom, New Zealand, and Australia had implemented restrictions or bans against cryptocurrency ATMs.

ChainCatcher news, according to Bitcoin Magazine, former PayPal president and Lightspark CEO David Marcus announced the launch of a new Bitcoin wallet that supports AI agents to purchase BTC and send and receive funds.

According to ChainCatcher news, RedStone, a decentralized oracle service provider, has officially launched RedStone Settle, a settlement layer product for decentralized finance, aiming to solve the structural obstacles faced by tokenized real-world assets (RWAs) as collateral for lending protocols. The core mechanism of this product is on-chain auctions: when a lending protocol triggers a liquidation event, liquidity providers can immediately intervene to purchase relevant positions, provide instant liquidity to the protocol, and bear the risk of delayed redemption of the underlying assets themselves. This move aims to bridge the mismatch between the near-instant liquidation required by DeFi platforms like Aave and the redemption cycles typically ranging from 60 to 180 days for RWAs, including tokenized funds and bonds. RedStone said the solution is expected to activate over $30 billion in tokenized RWAs currently idle in DeFi and enable users to borrow and borrow in interest-bearing positions more efficiently. According to RWA.xyz data, after excluding stablecoins, the current tokenized RWA market size has exceeded $30 billion, mainly dominated by US Treasury bond exposure and private credit products.

According to ChainCatcher news, Trump's second son Eric Trump responded to Forbes for criticizing him for using Bitcoin business to arbitrage large amounts of money and harm MAGA investors. Eric called Forbes a shame on journalism. Just over a year ago, American Bitcoin (ABTC), the Bitcoin company, did not exist. Listed on Nasdaq 7 months and 25 days ago, ABTC today holds more than 7,000 Bitcoins, making it the 16th largest publicly traded Bitcoin company in the world, backed by a huge cluster of nearly 90,000 mining machines, 28 EH/s of hashrate, and access to the highest quality energy in the United States. In Q4 alone, Bitcoin on the balance sheet increased by 58%, mining costs were 53% lower than Bitcoin's market price, and Q4 revenue reached $78.3 million, up 22% QoQ. American Bitcoin is arguably the fastest company in this space to break into the "Top 100" rankings and is actively expanding its mining scale every day. This narrative is the same as Forbes' argument back then. ChainCatcher previously reported that Forbes published an article criticizing Trump's second son Eric Trump's Bitcoin business as a disaster, and pointed out that Eric Trump's promotion of his Bitcoin company American Bitcoin (ABTC) as a money printing machine is actually just an arbitrage tool dedicated to harming investors who support MAGA (Make America Great Again).

ChainCatcher news, Forbes published an article criticizing Trump's second son Eric Trump's Bitcoin business as a disaster, and pointed out that Eric Trump's promotion of his Bitcoin company American Bitcoin (ABTC) as a money printing machine is actually just an arbitrage tool to harm investors who support MAGA (Make America Great Again). American Bitcoin, founded in 2025 and quickly listed on Nasdaq, has boosted its valuation to $13.2 billion with the help of the Trump family brand and the Bitcoin craze. Eric Trump touted the company as a "leader in the Bitcoin world" during its earnings call, but the company actually has only a handful of full-time employees and relies primarily on story marketing rather than solid operations. While the company continued to sell shares to buy Bitcoin at high valuations, Eric raised his personal wealth from about $190 million to $280 million, and other insiders also made huge profits. At the same time, ordinary investors, especially MAGA supporters, have suffered heavy losses. American Bitcoin stock has fallen by about 92% from its peak over the past eight months, resulting in cumulative losses of about $500 million among investors. Forbes questioned the actual profitability of American Bitcoin's Bitcoin mining business, arguing that its advertised "half-price mining" was difficult to achieve and was more about using the Trump brand for high-priced stock dumping.

According to ChainCatcher news, LayerZero Labs announced a commitment to provide more than 10,000 ETH to the DeFi United ecological rescue operation led by Aave. This includes donating 5000 ETH and depositing an additional 5000 ETH to enhance Aave market liquidity.

ChainCatcher news, according to Jinshi, former Federal Reserve vice chairman and economist Roger Ferguson said that the labor market is currently in a roughly stable state, but inflation remains at a high level of 3% and there is still a lot of work to be done. He expects the Fed to remain on hold for the time being and observe the development of the situation. Goldman Sachs Group economist David Merrick also expects the Fed's post-meeting statement to acknowledge the improvement of the job market and rising inflation, but policy guidance will remain unchanged, and most people are expected to support keeping interest rates unchanged.

The Permanent Mission of Iran to the United Nations issued a statement on social media on the 28th, saying that Iran has the right to take all necessary measures to respond to security threats within its territorial waters. The statement pointed out that as a major coastal state in the territorial waters where the Strait of Hormuz is located, Iran has the legal right to take necessary and reciprocal measures to deal with emerging security threats. The Iranian side stressed that these measures are aimed at ensuring safe navigation and preventing the Strait of Hormuz from being used for hostile or military purposes. The statement accused the United States of illegal actions endangering the safety of international navigation. The statement also reiterated that any transportation disruption in the Persian Gulf region and its consequences should be borne by the United States. (CCTV News)

According to Bloomberg, on April 29, JPMorgan Chase has appointed former Goldman Sachs executive Oliver Harris as head of its blockchain division, Kinexys. Harris officially joined the bank earlier this month and will be primarily responsible for advancing the commercialization of Kinexys' applications and deepening partnerships with institutional clients.

ChainCatcher reported that despite Bitcoin's recent rally, investors are betting more on its price decline. CEX. IO data shows that the interest rate paid by short traders to maintain short positions was around 11%, rising to 19% at one point, the highest level since early 2023. Meanwhile, Bitcoin is going through one of the largest hoarding phases in history. Strong buying and short bets are rising at the same time, indicating that there may be significant price movements in the market, and one side may be "squeezed" or reversed. Bitcoin is currently down 1.6% at $75,754.

On April 29, according to The Block, Judge Kaplan of the U.S. District Court for the Southern District of New York issued a ruling on Tuesday, formally rejecting Sam Bankman-Fried's application for retrial and severely criticizing the new evidence he submitted, saying that the relevant claims were "highly conspiratory". Notably, Bankman-Fried had previously applied for Judge Kaplan to recuse himself from the case. Bankman-Fried was found guilty by a New York jury in November 2023 of all seven criminal charges involving fraud of FTX customers, lenders, and investors.

According to TechFlow news on April 29, according to The Block, the decentralized trading platform Ostium has completed a major back-end architecture upgrade, officially positioning itself as a "decentralized execution layer" for the global market, providing on-chain traders with access to off-chain liquidity. At the heart of this upgrade is the introduction of a Translation Layer to facilitate communication between smart contracts and a network of institutional liquidity providers, with partners such as Jump and other institutions with traditional market access qualifications. This mechanism allows on-chain users to indirectly access liquidity resources from traditional financial markets.

According to TechFlow news, on April 29, according to LayerZero's official disclosure, LayerZero Labs announced that it will invest more than 10,000 ETH in the Aave-led DeFi United plan, including: donating 5,000 ETH to DeFi United, depositing an additional 5,000 ETH into the Aave market to enhance liquidity, and deepening GHO's liquidity layout.

According to CoinMarketCap data, the top 100 tokens by market capitalization of cryptocurrencies perform as follows: Top 5 gainers: Humanity Protocol (H) rose 14.53% and is now trading at $0.1639; Binance Life rose 9.11% to $0.3754; siren (SIREN) rose 7.3% to $0.7059; Pi (PI) rose 5.45% to $0.1915; Tezos (XTZ) rose 5.34% and is now trading at $0.3842. Top 5 Losers: MemeCore(M) fell 9.26% and is currently priced at $3.55; DeXe (DEXE) fell 6.32% to $13.43; Zebec Network (ZBCN) fell 6.26% to $0.003695; Zcash (ZEC) fell 5.7% to $334.42; Chiliz (CHZ) fell 5.07% and is now trading at $0.04609.

According to ChainCatcher news, AI recruitment startup Dex announced the completion of a $5.3 million seed round of financing, led by Notion Capital, with participation from a16z Speedrun, Concept Ventures, and angel investors from OpenAI and other companies, with a total of $8.4 million raised. Founded by former Atomico consultant Paddy Lambros, Dex is positioned as an "AI talent agent" and focuses on the market for high-end technical talent such as AI researchers and software engineers. More than 15,000 engineers are registered and serve more than 50 technology companies, including ElevenLabs, Synthesia, and others. Its products interact with job seekers through voice or text, combine models such as OpenAI and Anthropic to build candidate profiles, and directly connect with recruiters through matching engines. Dex does not sell software to businesses and charges 20%-30% of a candidate's salary based on successful hiring. The company said it has generated about $1.8 million in annualized revenue since the start of charging at the end of 2025 and is on track to become profitable during the year.

According to ChainCatcher news, according to Onchain Lens monitoring, Matrixport-related whales, who made a profit of more than $59 million, opened a long position of 30,000 ETH with 15x leverage in the past 1 hour, worth $68 million. Currently, the whale has been released through 3 different addresses (0xa5B0... 1D41、0xfd42... 3d97、0x6c85... 84f6) held a total of 58,000 ETH long orders with a leverage of 15 to 20 times, with a total position value of US$131.82 million.

According to ChainCatcher news, according to Lookonchain monitoring, Fidelity deposited 19,934 ETH to Coinbase 30 minutes ago, worth $45.29 million.

ChainCatcher reported that Polymarket intends to introduce major exchanges to the United States, pending CFTC approval.