Author: James Wilson

Ethereum price rallied nearly 5% to reclaim the $2,400 mark on Wednesday amid a broader market rebound as crude oil prices fell. Summary Ethereum price rose nearly 5% to reclaim $2,400, supported by easing oil prices and a broader market rebound. Spot Ethereum ETFs recorded a ninth straight day of inflows, totaling over $530 million, signaling sustained institutional demand. Futures open interest climbed to $32.7 billion with bullish positioning rising, while ETG=H price nears a breakout from an ascending triangle pattern targeting $3,076. According to data from crypto.news, Ethereum (ETH) price rose 4.8% to $2,402 on April 22, extending its…

Ripple CTO David Schwartz has defended Arbitrum’s decision to freeze more than 30,000 ETH linked to the recent KelpDAO exploit.  Summary David Schwartz said Arbitrum’s emergency ETH freeze followed the same logic as Bitcoin’s 2010 rollback. The freeze secured 30,766 ETH tied to the KelpDAO exploit without changing Arbitrum’s broader network state. Critics said the Security Council’s intervention raised fresh concerns about centralization and emergency governance powers. He said the move was comparable to Bitcoin’s response to the 2010 value overflow bug, when the network accepted a rollback after an attacker created billions of coins. The comments came after Arbitrum’s…

Volo Protocol, a liquid staking platform built on Sui, said it suffered an exploit that drained about $3.5 million from several vaults.  Summary Volo Protocol said attackers drained $3.5 million from WBTC, XAUm and USDC vaults on Sui. The team froze affected vaults and later said it had secured $500,000 in assets. Volo said it plans to absorb losses and avoid passing the exploit cost to users. The team said the attack affected its WBTC, XAUm, and USDC vaults. The protocol said it moved quickly after detecting the issue. It notified the Sui Foundation and ecosystem partners and froze the…

Blockchain.com has added perpetual futures trading to its non-custodial DeFi wallet, giving users a way to trade leveraged crypto contracts without moving funds to a separate exchange.  Summary Blockchain.com now offers perpetual futures inside its DeFi wallet through Hyperliquid across more markets. Users can trade leveraged contracts with Bitcoin collateral while keeping assets in self-custody throughout execution. The launch adds momentum to wallet-based derivatives as crypto platforms expand into multi-asset perpetual trading. The new feature lets users keep control of their private keys while opening and managing positions from within the wallet. The company said the product runs through Hyperliquid…

The most urgent crypto scam news on Capitol Hill arrived Tuesday as the House Homeland Security Committee held a joint subcommittee hearing on how transnational criminal organizations use crypto fraud, online scams, and digital extortion to steal from Americans. Summary The FBI’s 2024 Internet Crime Complaint Center report documented $16.6 billion in total scam losses, with crypto investment fraud alone accounting for $5.8 billion. The Huione Group, a Cambodia-based conglomerate designated by FinCEN as a primary money laundering concern, received over $39.6 billion in 2025, functioning as core financial infrastructure for scam networks. US authorities seized more than $15 billion…

US election news from Texas arrived Monday as Attorney General Ken Paxton filed a lawsuit in Tarrant County district court against ActBlue, the Democratic fundraising platform, alleging it violated the Texas Deceptive Trade Practices Act by continuing to accept gift card donations it had publicly claimed to ban. Summary Texas investigators made three donations to ActBlue in February 2026 using false identities and prepaid gift cards and successfully reached the DNC and two Texas officials’ campaign accounts, directly contradicting ActBlue’s representations to Congress. The lawsuit seeks a permanent injunction barring ActBlue from accepting gift card and prepaid debit card donations,…

Coinbase lobbying activity for Q1 2026 totaled $1.07 million, the company disclosed in a new Lobbying Disclosure Act filing, targeting the Digital Asset Market Clarity Act, the GENIUS Act stablecoin law, and digital asset tax treatment legislation. Summary The filing covers lobbying on the CLARITY Act’s market structure provisions, implementation of the GENIUS Act stablecoin law, and general crypto policy discussions across multiple congressional committees. The Q1 spend comes after a turbulent period in Coinbase’s relationship with the CLARITY Act, which began with CEO Brian Armstrong withdrawing support hours before a January markup, followed by a reversal after a Treasury-brokered…

Iran war news escalated Tuesday as parliament speaker Mohammad Bagher Ghalibaf stated publicly that Tehran will not accept negotiations under conditions it considers coercive, with the 10-day US-Iran ceasefire set to expire Wednesday and both sides sharpening rhetoric ahead of prospective talks in Islamabad. Summary Ghalibaf warned that Iran has spent the past two weeks preparing “new cards on the battlefield” and accused Trump of violating the ceasefire by maintaining the naval blockade and seeking Iran’s surrender. Iran’s foreign ministry said it has no plans for a second round of negotiations, while IRIB cited Iranian sources confirming no decision has…

Bitcoin’s push toward $73,000 has lost traction, leaving the market exposed to renewed downside risks as macro uncertainty returned. Summary Bitcoin rally to $72,698 stalled at resistance, triggering over $150M in long liquidations. Ceasefire tensions resurfaced after officials called the deal a “fragile truce” and reports pointed to violations. The flagship cryptocurrency climbed to a weekly high of $72,698 on Tuesday, gaining nearly 6% in under four hours as global markets responded to news of a two-week ceasefire agreement between the United States and Iran.  Bitcoin rose as risk sentiment improved, as expectations that the Strait of Hormuz could reopen…

The Wisconsin election on Tuesday produced its expected winner but a striking margin: Democratic-backed appeals court judge Chris Taylor defeated conservative-backed judge Maria Lazar by roughly 20 percentage points, expanding liberals’ court majority from 4-3 to 5-2 and cementing liberal control through at least 2030. Summary The Associated Press called the race less than 40 minutes after polls closed; Taylor, a former Democratic state legislator and current Court of Appeals judge, replaces retiring conservative Justice Rebecca Bradley and will be sworn in August 1, 2026 — the fourth consecutive Supreme Court win for liberal candidates in Wisconsin The 5-2 majority…