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👀

US Court Sentences Chinese National to Nearly 4 Years for $37M Crypto Fraud

🙂 A Chinese national received a 46-month (Nearly 4 years) federal prison sentence for his role in laundering over $36.9 million stolen from American victims through a sophisticated crypto investment scam operated from Cambodia.

☄️

According to a DOJ release, Jingliang Su, 45, was also ordered to pay $26,867,242 in restitution following his guilty plea to conspiracy to operate an illegal money transmitting business. United States District Judge R. Gary Klausner handed down the sentence, marking another victory in the Justice Department’s escalating campaign against international scam center operations.

❗️ After gaining their targets’ trust, the scammers promoted fraudulent digital asset investments that appeared legitimate. Co-conspirators created fake websites that resembled legitimate cryptocurrency trading platforms and convinced victims to send funds to these counterfeit sites. The scammers would then falsely inform victims that their investments were appreciating in value, when in fact the money had already been stolen.

📊

“This defendant and his co-conspirators scammed 174 Americans out of their hard-earned money,” said Assistant Attorney General A. Tysen Duva of the Justice Department’s Criminal Division.

🔔 “In the digital age, criminals have found new ways to weaponize the internet for fraud.”

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⚠️

Two High Schoolers Charged in Arizona Home Invasion Targeting $66M in Crypto

🌐 Two teenagers from California are facing serious felony charges after authorities say they traveled hundreds of miles to carry out a violent home invasion in Scottsdale, Arizona, in a bid to obtain cryptocurrency believed to be worth $66 million.

📊 According to court records cited by local media, the 16- and 17-year-old suspects drove more than 600 miles from San Luis Obispo County and arrived at a residence in the Sweetwater Ranch neighborhood on the morning of Jan. 31 wearing delivery-style uniforms resembling those used by shipping carriers. Investigators say they forced entry into the home, restrained two adults with duct tape and demanded access to digital assets.

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One victim denied holding cryptocurrency, after which the confrontation escalated into physical assault. Police were alerted when an adult son elsewhere in the house called emergency services. Officers arriving at the property found a struggle underway and one victim screaming. The suspects fled in a blue Subaru but were stopped at a dead end shortly afterward. Authorities recovered zip ties, duct tape, stolen license plates and a 3D-printed firearm without ammunition. It remains unclear whether the weapon was functional.

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Both teens were initially placed in juvenile detention but prosecutors intend to try them as adults. Each faces eight counts including kidnapping, aggravated assault and burglary, while the older suspect also faces an unlawful flight charge.

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🌐

Crypto ATM regulation bill advances to Virginia governor

⚠️ The legislation creates statewide licensing requirements, consumer protections, and transaction limits while prohibiting operators from marketing kiosks as ATMs or using ATM-related language. Delegate Michelle Maldonado, the bill’s sponsor, cited scam cases across Virginia including a Southwest Virginia victim who lost $15,000 and incidents in Fairfax County.

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Scams account for approximately 7% of the crypto kiosk industry’s business. This has prompted lawmakers to establish guardrails before the problem expands. “The thing about crypto is that once it goes into the exchange, which is in the blockchain environment, there’s no way to trace it. There’s no way to get it back,” Maldonado stated.

🔔 The legislation requires kiosks to register with the state, pay licensing fees, and cap consumer transaction fees. Operators must implement daily and monthly transaction limits along with ID verification for all transactions. A 48-hour hold applies to new users, allowing funds to be returned if fraud is suspected.

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Clear warning notices must appear on all kiosks alerting users to scam risks. The registration system will track operators while refund mechanisms must be available for recoverable portions of funds sent through the machines.

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Maldonado explained that crypto kiosks confuse consumers who mistake them for traditional ATMs. “They look like ATMs. They’re shaped like ATMs. But instead of taking money out, you’re sort of putting money in to purchase crypto that goes into a broader exchange,” the delegate said.

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🚨

Crypto Cards: Key Statistics, Insights, and Market Data (2025–2026)

👉 Read more

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📈

Bitcoin's Current Market Position and Future Outlook

❗️ As of 8 a.m. on Saturday, Bitcoin is trading between $67,974 and $68,138 per coin, with a market cap of $1.35 trillion and a 24-hour trading volume of $46.99 billion. The cryptocurrency is currently hovering just below a critical resistance band, indicating that a significant price movement may be imminent.

📉 On the daily timeframe, Bitcoin is in a corrective phase following a decline from approximately $97,900 to a low of $59,930. While there has been a rebound into the high-$60,000s, the price remains capped beneath $70,000 to $71,500, which is identified as a supply zone. Major support levels are at $59,900 to $60,000 and secondary support is between $65,000 and $66,000.

📊 The four-hour chart shows a series of gradually higher lows from $65,620, indicating a short-term ascending structure. Support is defined between $66,000 and $66,500, while resistance is concentrated between $68,800 and $69,200. Price action has been stalling below $69,000, creating a tightening range that historically precedes a decisive expansion.

🔍 On the one-hour timeframe, Bitcoin is in a tight consolidation between $67,500 and $68,800. Immediate support is at $67,600 with resistance between $68,800 and $69,000. Volume is decreasing and volatility has contracted, which are signs of pre-expansion behavior. A break of this micro-range is expected to generate an impulse move of $1,000 to $1,500.

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🪙

Cryptocurrency Market Reacts to U.S. and Israeli Strikes on Iran

🌍 The cryptocurrency market experienced significant volatility over the weekend due to joint U.S. and Israeli strikes on Iran. As traditional markets were closed, digital assets like Bitcoin and altcoins became the primary indicators of global investor sentiment. Bitcoin dropped from approximately $65,500 to a low of $63,037 before recovering slightly to around $64,000, marking a 4% drawdown. However, the altcoin market faced more severe losses.

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Ethereum fell to $1,840 after struggling with the $2,000 resistance level, while XRP dropped 6.6% to $1.30. Other altcoins like SOL, DOGE, ADA, and BCH also saw declines of about 7%. Among the top 20 assets tracked by CoinGecko, only Figure Heloc and LEO managed to gain.

🚀 In contrast, ORBS stood out with a remarkable 59% surge, rising from $0.018 to $0.01617. This unusual performance is linked to its historical correlation with Israeli military operations. Some investors view ORBS as a "patriotic proxy" for exposure to Israeli tech resilience. Data from Cryptoquant showed a significant increase in exchange inflows from Israeli IP addresses following recent military actions.

📊 Despite some niche assets like DKA and GWEI finding liquidity, the overall altcoin market capitalization dropped from $982 billion to $910 billion shortly after the strikes. This incident highlights the cryptocurrency market's unique position as a 24/7 trading environment that can react swiftly to global events.

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🌍

Tether's Strategic Investment in Axiym: Enhancing Global Financial Access

➡️ On March 5, 2026, Tether, the world's leading stablecoin issuer, announced a strategic investment in Axiym, a fintech innovator. This partnership aims to integrate USDT directly into Axiym's distributed treasury and settlement infrastructure, thereby enhancing global financial access.

🌐 Axiym operates across 140 countries and supports 70 currencies, facilitating international transactions through solutions like Pay Now, Settle Later (PNSL). The collaboration with Tether seeks to improve capital efficiency and simplify settlement processes for global aggregators and payment processors by embedding USDT into regulated payment ecosystems.

By supporting native USDT’s use cases in an advanced payment ecosystem, we are removing barriers to liquidity and simplifying access to the distribution of USDT, paving the way for more efficient and scalable payments worldwide

said Paolo Ardoino, CEO of Tether.

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🌐

Oil Prices Surge Amid U.S.-Iran Tensions

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Crude oil prices have surged past $100 for both U.S. and international benchmarks, WTI and Brent futures, following escalating tensions over a potential attack on Iran's Kharg Island oil facilities. This island is crucial as it handles 90% of Iran's oil exports.

⚠️ The ongoing conflict between the U.S.-Israel coalition and the Iranian regime is disrupting energy prices. On Sunday night, WTI and Brent Futures rose above $100, with Brent exceeding $104 per barrel. This indicates a lack of confidence in the normalization of the oil market and the reopening of the Hormuz Strait.

should Iran, or anyone else, do anything to interfere with the Free and Safe Passage of Ships through the Strait of Hormuz, I will immediately reconsider this decision

Trump stated.

💔 The destruction of Kharg Island's infrastructure could remove 2 million barrels per day from the market until the conflict ends, further impacting prices. Despite the International Energy Agency (IEA) coordinating the release of 400 million barrels into international markets, Bloomberg’s commodity expert Javier Blas emphasized that

ultimately, only one thing solves the problem: re-open the Strait of Hormuz.

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💰 Coordinated Bets on U.S.-Iran Ceasefire Spark Debate in Prediction Markets

🌐 A cluster of newly created wallets is making coordinated bets on an early U.S.-Iran ceasefire, raising questions about whether these prediction markets are revealing genuine insights or are part of a more strategic play. This activity comes amid heightened tensions following U.S. and Israeli airstrikes on Iranian infrastructure on February 28, which have led to increased fuel costs and supply chain disruptions globally.

💬 President Donald Trump has taken a hardline stance against a ceasefire, often calling for regime change. However, reports indicate that diplomatic channels through intermediaries like Oman and Qatar may still be active. In this context, the decentralized prediction platform Polymarket has become a real-time scoreboard for geopolitical speculation, with traders investing tens of millions in contracts related to a potential ceasefire.

🗓 These wallets were created around the same time and show little prior activity, suggesting that the positions may have been intentionally split across multiple addresses to avoid drawing attention. If the ceasefire occurs within the targeted timeframe, the group could earn over $1 million, a potential return that has attracted the interest of traders and skeptics alike.

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🔔

Bitcoin: More Than Just a Speculative Asset

💰 Recent discussions have drawn parallels between Bitcoin and the tulip mania of the 1600s, suggesting that Bitcoin is merely a speculative bubble. However, this comparison is misleading and overlooks the fundamental aspects that differentiate Bitcoin from tulips.

📉 While it's true that Bitcoin's performance has been lackluster in recent months, reducing it to a mere "digital gold" perspective is incomplete. Bitcoin was created not just as a store of value but also as a medium of exchange. Its 2008 whitepaper describes it as a

system for electronic transactions without relying on trust

highlighting its revolutionary nature.

🌍 Before Bitcoin, transferring value required intermediaries and was subject to central bank approval. Bitcoin's innovation lies not only in its scarcity but also in the technology that allows value to move independently of a central authority. This aspect may not be as valuable to those in developed countries with functional banking systems, but for people living under sanctions or excluded from traditional services, Bitcoin is a lifeline.

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🚨

Polkadot (DOT) Faces Listing Risks After Cyber Attack

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Polkadot (DOT), one of the oldest altcoins in the cryptocurrency market, has recently been in the spotlight due to a cyber attack. Although the attack was not directly aimed at the Polkadot network, it prompted three major South Korean cryptocurrency exchanges - Upbit, Bithumb, and Coinone - to take precautionary measures. These exchanges announced that they have added Polkadot to their watchlist for potential delisting.

⚠️ Earlier today, the South Korean exchanges suspended all operations related to deposits and withdrawals of DOT. They explained that this decision was made after confirming a security incident involving unauthorized or unresolved cyber attacks affecting the asset's wallet or distributed ledger.

🔍 The situation arose from a recent attack on Hyperbridge, a platform that serves as a bridge between cryptocurrencies. Hackers illegally created DOT tokens on Hyperbridge and the Ethereum network. After blocking these tokens in the system as legitimate, they sold them off.

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🔍

Bitcoin's Weekend Correction: Insights from Analyst Michaël van de Poppe

📉 Cryptocurrency markets are showing signs of the typical weekend correction, a recurring pattern noted by analyst Michaël van de Poppe. In his post, he pointed out that investors often reduce risks before Monday's trading begins, leading to short-term declines at the start of the week.

Every weekend there is a sell-off... on Sunday the markets are likely to bounce back and continue to rise,

he wrote.

🌐 The analyst identified the $72,000 level as a key support zone, with staying above it helping to maintain bullish momentum. His chart shows that after a price drop from $77,000, Bitcoin is consolidating. However, the market is almost out of the consolidation phase and has formed higher lows in its trading activity.

He noted that the price level of $71,400 is a crucial support level. A break below this level would mean a cancellation of the recovery, while holding above it would promote short-term growth.

⚠️ Additionally, the cryptocurrency faces resistance in the price range of $76,600–$79,100. Further upward movement could lead to testing the $86,500 level, which is likely to trigger significant selling pressure.

📊 According to CoinGecko, on the evening of April 18, Bitcoin was trading at $75,655, down 2.2% over the last 24 hours. Trading volume remains moderate, indicating that the recent rally did not receive sufficient support from market participants.

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🚫

Tennessee Bans Cryptocurrency ATMs Amid Fraud Concerns

🗓 This week, Tennessee Governor Bill Lee signed a law prohibiting the installation of cryptocurrency exchange ATMs across the state, making Tennessee the second U.S. state to implement such a ban after Indiana.

🔔 On April 23, 2026, Governor Lee approved bill HB 2505, which mandates the removal or closure of all cryptocurrency kiosks in Tennessee by July 1, 2026, the law's effective date. The House of Representatives passed the bill unanimously with a vote of 94-0 on March 16, 2026, followed by the Senate's support on the same day with a vote of 32-0.

🔍 The law defines a cryptocurrency exchange kiosk as any electronic terminal that allows the exchange of virtual currency for cash, bank credit, or other virtual currencies. This includes machines connected to external exchanges as well as those that store digital assets directly.

🚨 Operating, installing, or permitting a kiosk on controlled property will be classified as a Class A misdemeanor once the law takes effect. This applies to owners, operators, and property managers, with no exceptions made for existing machines or licensed financial institutions.

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📉

CryptoQuant: April's Bitcoin Surge Driven by Speculation

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CryptoQuant analysts have labeled the recent surge in Bitcoin's price from $66,000 to $79,000 as speculative, attributing it primarily to perpetual futures rather than spot demand, which remained negative throughout the month.

The divergence between price growth and declining spot interest indicates a speculative nature of the movement,

the analysts noted.

🔍 They drew parallels between the current demand structure and the beginning of the bearish phase in 2022, when a similar increase in derivatives volume was accompanied by a contraction in spot activity, leading to a prolonged correction for Bitcoin. As of now, Bitcoin's price has retreated from its local peak of around $79,000 to approximately $77,000, marking a nearly 12% increase for April—the best performance since the beginning of the year, according to CoinGlass.

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CryptoQuant's Bull Score has also dropped from 50 to 40, indicating a return to the "bearish zone." Analyst Ignacio Moreno de Vicente highlighted the STH MVRV metric, which reflects the position of short-term Bitcoin holders. He pointed out that this indicator is forming a descending resistance line connecting three peaks: March 2024 at $72,000, November 2024 at $106,000, and July 2025 at around $120,000.

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Upcoming Review of the CLARITY Act by the Banking Committee

🗓 The U.S. Senate Banking Committee is set to review the CLARITY Act on May 14, 2026. This marks the second attempt to pass this framework bill after a previous attempt failed in January. The CLARITY Act aims to establish a regulatory framework for the cryptocurrency market in the U.S., defining the powers of regulatory bodies, classifying crypto assets, and setting requirements for service providers.

📊 The House of Representatives approved the initiative in July 2025, after which it was sent to the Senate. However, progress stalled at this stage. The Banking Committee and the Committee on Agriculture are expected to prepare their versions of the bill, which will then be combined into a unified document for approval.

🔄 The review process was initially scheduled for January 2026 but was postponed due to criticism from the cryptocurrency community, particularly from Coinbase. The main concern was a proposed ban on rewarding stablecoin holders for asset control, akin to deposit interest payments, which was pushed by banking lobbyists.

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🛡

Charles Hoskinson's Quantum Concerns: A Response from Adam Back

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Charles Hoskinson recently claimed that there is over a 50% chance that by 2033, commercial quantum systems capable of threatening current digital security systems will emerge. He argued that the cryptocurrency sector should begin preparing for potential quantum threats to existing cryptographic methods. According to Hoskinson, sufficiently advanced quantum computers could reach a level where they can decrypt the mathematical structures protecting private keys and transaction signatures used in modern blockchain networks.

Methods such as Shor's algorithm are potentially capable of breaking traditional cryptographic systems, which could pose a long-term security threat to Bitcoin and other blockchain networks,

he emphasized.

🛠 Hoskinson asserted that Cardano is working on "post-quantum" security solutions to counter these risks, stating that the network is moving towards lattice-based cryptographic technologies. He also mentioned plans to integrate U.S. FIPS 203-206 standards into the Cardano ecosystem to enhance the security of private keys, transaction signatures, and consensus mechanisms.

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🔔

Brian Armstrong says finance must move on-chain or fall behind

❗️ His list covered RWA tokenization, 24/7 global trading, stablecoin payments, AI tools, self-custody wallets, easier capital formation, sound money, and better regulation.

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Armstrong said the future system will become more global, more automated, and more on-chain. He wrote that the work is not complete until these systems serve more users, adding, “Jobs not done until we get these working for all.”Armstrong placed tokenization of real-world assets at the top of his list. He said real estate, stocks, bonds, and funds can move on-chain to support faster settlement, wider distribution, and fractional ownership.

🔖 The comment comes as tokenization remains a leading crypto theme in 2026. Related reports said the tokenized RWA market grew 263% year over year in 2025 and about 30% in the first quarter of 2026. Coinbase has also tied its public strategy to this shift. In its Q1 2026 earnings call, the company said stablecoins had passed $300 billion in market value, while tokenized real-world assets were expected to reach $16 trillion by 2030.

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🔔

Zcash slides to $572 as emergency patch exposes consensus fragility, can it become a top ten token?

➡️ Zcash is trading around $572.12 after the Zcash Foundation rushed out Zebra 4.5.1, an emergency consensus security fix that underlines how brittle the network’s infrastructure still is. The Zcash Foundation has pushed out Zebra 4.5.1, an emergency security update for its Rust-based node client, to patch a critical consensus vulnerability that could cause fork conditions with the legacy zcashd implementation, just as ZEC trades around $572.12 with a market capitalization near $9.48 billion. According to the Foundation, the bug, tracked as GHSA-2prc-cj5x-4443, stems from a statistical error in counting signature operations (sigops) in P2SH scripts, meaning Zebra could accept blocks that zcashd rejects, a classic recipe for a consensus split.

🔗 In its forum advisory, the Zcash Foundation “strongly recommend[s] all Zebra node operators upgrade to 4.5.1 as soon as possible, due to the consensus vulnerability described above,” stressing that the new release is a hotfix for a flaw “not correctly addressed in 4.5.0”. PANews reported that Zebra 4.5.0, which shipped just before 4.5.1, already bundled fixes for “a sigop counting error caused by P2SH script parsing (which may lead to a fork with zcashd consensus), a defect in NU5 block verification cache logic, a risk of crash due to transparent address balance overflow, and multiple crashes and resource exhaustion vulnerabilities in RPC interfaces and memory pool processing”.

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