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Stablecoin management platform Stable Sea has partnered with U.S. asset manager WisdomTree to offer corporate clients a yield product based on tokenized treasury bonds, The Block reported. Through the collaboration, companies using Stable Sea can deposit their operating funds into WisdomTree's tokenized money market fund (WTGXX) to generate interest income. The fund invests in U.S. Treasury bonds and is structured to maintain a net asset value (NAV) of $1 per share.

Standard Chartered believes the DeFi ecosystem remains robust despite the significant market impact from the KelpDAO rsETH hack, The Block reported. In a report, SC analyst Geoffrey Kendrick acknowledged that the $292 million rsETH hack on April 19 exposed structural risks in DeFi, leading to approximately $17 billion in withdrawals from Aave over three days. However, he highlighted that a DeFi industry coalition led by Stani Kulechov subsequently raised over $300 million for a joint response, with public support from Aave DAO, Arbitrum (ARB), Consensys, Joseph Lubin, Mantle (MNT), and Lido. Kendrick concluded that rather than hindering DeFi's growth, the incident could foster its development by demonstrating the industry's unity.

Only a small fraction of users on the prediction market platform Polymarket are profitable, creating a structural polarization where a few well-funded and technologically advanced traders capture most of the gains, according to an analysis by crypto risk monitoring firm Solidus Labs. In a recent report, Solidus found that half of all profits from major political prediction markets between December 2025 and February 2026 were concentrated in less than 1% of participating wallets, CoinDesk reported. The report detailed that just 0.55% of profitable maker (limit order) wallets accounted for 50% of the total profit, while among taker (market order) wallets, half of the profits were captured by only 0.26% of participants. In dollar terms, this means that of approximately $16 million in profits, around $8 million went to this sub-1% group.

Prominent cryptocurrency investor Christopher Harborne has donated £5 million ($6.75 million) to Nigel Farage's right-wing Reform UK party ahead of the country's general election, the Financial Times reported. Harborne is known as an early investor in Tether, the world's largest stablecoin issuer, and its affiliated cryptocurrency exchange, Bitfinex. He has been a consistent political donor to the Reform UK party since 2019.

The government of Bhutan transferred 102.446 BTC, worth around $7.89 million at the time of the transaction, to an external wallet about an hour ago, according to on-chain analysis firm Arkham. Arkham interpreted the move as a precursor to a sale. The firm noted that at this pace, Bhutan's government would sell all its remaining BTC by October of this year. Since the start of the year, Bhutan has sold a total of $269.8 million in BTC and currently holds an estimated $263 million worth of the cryptocurrency. All of the country's mining operations appear to have ceased, Arkham added, noting that Bhutan has generated approximately $754 million in on-chain profits from its Bitcoin holdings.

Bitcoin's daily spot trading volume has recently fallen below $8 billion, leading to reduced market depth and liquidity that make prices more vulnerable to sharp fluctuations, CoinDesk reported, citing analysis from Glassnode. Market depth refers to the size of buy and sell orders within 2% of the current price. The outlet added that the Federal Reserve is set to announce its interest rate decision on April 29. While the market expects rates to remain unchanged, risk assets could be impacted if the Fed releases a hawkish statement expressing concerns about economic growth and inflation risks.

Coinbase has announced it will list perpetual futures contracts for semiconductor stocks, including Intel (INTC), Micron (MU), and SanDisk (SNDK). Trading is scheduled to begin today, April 29, provided liquidity conditions are met.

Solana-based memecoin issuance platform Pump.fun (PUMP) has announced a change to its strategy, reducing the portion of net protocol revenue allocated to PUMP token buybacks from 100% to 50%. The platform stated that over the past nine months, it has bought back and burned approximately $370 million worth of PUMP, which accounts for 36% of the token's circulating supply. For the next year, 50% of protocol revenue will be directed to an automated buyback and burn program based on smart contracts. The remaining 50% will be used for company operations, including product development, hiring, marketing, and potential mergers and acquisitions.

Cryptocurrency payment network MoonPay has acquired crypto security startup Sodot in an all-stock deal worth approximately $100 million, Unfolded reported.

Latin American digital wallet Belo has raised $14 million in a Series A funding round, CoinDesk reported. The round was led by stablecoin issuer Tether (USDT), with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. Belo plans to use the funds to expand its operations into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay.

BlockBeats reported, citing data from DeFiLlama, that as of April 18, 12 cryptocurrency security incidents this month have resulted in total losses exceeding $606 million. This figure is 3.7 times the total amount lost to security breaches in the entire first quarter. According to the report, this makes April 2026 the worst month for such losses since February 2025. BlockBeats added that even excluding large-scale hacks like those targeting Drift Protocol and KelpDAO, a series of security incidents at smaller protocols is eroding trust in the DeFi industry.

OKX announced it will list RLUSD, the stablecoin from Ripple (XRP), for spot trading at 11:00 a.m. UTC today.

Aftermath Finance, a decentralized exchange (DEX) built on the Sui (SUI) network, has temporarily suspended operations after identifying an exploit, the project announced on its official X account. The team said it is actively investigating the issue with its main security partners and that the suspension is a precautionary measure. It added that all measures are being taken to minimize the potential impact on user funds and clarified that the exploit was isolated to its perpetual futures (PERP) section.

Mezo, a Bitcoin-based DeFi platform, has launched 'Enclave,' a vault product for institutional investors to earn yield on their Bitcoin (BTC) deposits, CoinDesk reported. The product is designed to generate returns using Bitcoin held in custody at Anchorage Digital Bank.

Vanguard Group's Total Stock Market Index Fund, which manages $10 trillion in assets, has purchased additional shares of Strive (ASST), a Bitcoin accumulation company (DAT), The Block Beats reported. The fund acquired another 276,200 shares, bringing its total holdings to 1.72 million shares, valued at approximately $25.2 million.

The Hong Kong Monetary Authority (HKMA) has issued a warning about fake stablecoins circulating before any official launch, CoinDesk reported. The HKMA stated that tokens using the tickers "HKDAP" and "HSBC" are being traded but are not affiliated with any licensed issuers. The authority clarified that to date, no licensed operators have issued regulated stablecoins. This follows Hong Kong's issuance of its first licenses under a stablecoin law enacted in August 2025. A consortium led by HSBC and Standard Chartered was among the 36 applicants selected.

The cryptocurrency market remains in a typical bear cycle, and it is too early to discuss a shift to a bull phase, according to on-chain analyst Crypto Dan. He pointed to negative funding rates in the futures market as evidence of bearish sentiment. The analyst explained that a transition to a bull cycle would require a strong rebound from current levels without another major correction, a development for which he sees no current signs. He added that the 2022 bear market bottom was followed by a significant shock before the cycle turned bullish. While the market is clearly in an undervalued zone based on its cycle, Dan concluded that there are not enough signals to confirm the start of an upward trend.

The market for tokenized funds that pay interest on stablecoin holdings has grown to approximately $32.7 billion, accounting for about 10% of the total stablecoin market, according to Unfolded, citing data from Token Terminal. Unfolded noted that stablecoins are transitioning from a mere tool for trading cryptocurrencies into genuine interest-bearing dollar assets. The firm added that if these funds expand in a manner similar to money market funds in traditional finance, stablecoins could evolve from digital cash into a primary revenue engine.

Blockchain gaming project Ronin (RON) will migrate to become an Ethereum Layer 2 on May 12. The project announced on its official X account that while it launched in 2021 as an independent sidechain to meet the high-speed network demands of Axie Infinity (AXS), the decision to migrate was driven by the maturation of the Ethereum Layer 2 ecosystem. Ronin noted that the OP Stack has advanced to a level capable of handling millions of transactions per day.

Widespread optimism on social media platforms that Bitcoin will soon recover to $90,000 should be treated as a potential contrarian indicator, CoinDesk reported, citing data from on-chain and social analytics firm Santiment. Santiment explained that a surge in bullish sentiment on social media can often act as a reverse signal before an asset's price declines. The firm noted that among thousands of posts on crypto-related social media platforms like X, Reddit, and Telegram last week, predictions of BTC recovering to $90,000 were overwhelmingly dominant. At the same time, posts suggesting a potential price drop are being dismissed as FUD (fear, uncertainty, and doubt). Santiment concluded that the current social media optimism is a signal to be cautious and prudent.

An analysis suggests that short-term selling pressure is on the rise amid a sharp increase in Bitcoin deposits to major centralized exchanges (CEX). In a contribution to CryptoQuant, analyst Woo Min-gyu noted that a net 9,905 BTC flowed into CEXs on April 27 alone, the largest single-day inflow in the past 30 days. He highlighted that the CEX Whale Ratio, an indicator of large-scale investor activity, climbed to 0.707, its highest level in a week. This signifies that the top 10 deposit transactions accounted for over 70% of the total inflow volume, suggesting that whales are moving BTC to exchanges in preparation to sell. Woo added that the growing exchange reserves are a bearish signal. If this supply is not quickly absorbed by buying pressure, he warned, BTC could retest the $74,000 to $75,000 support zone in the short term.

Alex Mashinsky, CEO of the bankrupt crypto lender Celsius Network, has reached a settlement with the U.S. Federal Trade Commission (FTC) to pay a $10 million fine, Cointelegraph reported. As part of the ruling, the Southern District Court of New York has permanently banned Mashinsky from advertising or promoting services related to asset deposits, trading, investments, or withdrawals. The settlement is linked to a 2023 judgment for $4.72 billion in restitution. By paying the $10 million to the FTC, Mashinsky can suspend the enforcement of the remaining amount. Mashinsky was previously indicted in July 2023 by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Department of Justice (DOJ) on charges of market manipulation. He was sentenced to 12 years in prison last May.

Simon Dedic, founder of crypto and blockchain venture capital firm Moonrock Capital, has argued that President Donald Trump's meme coin is the biggest obstacle to establishing a clear regulatory framework for cryptocurrencies. In a post on X, Dedic claimed that the TRUMP meme coin is delaying the passage of the Clarity Act through Congress. He explained that Democrats are leveraging the issue to demand the insertion of ethics clauses, which could stall or kill the bill entirely. Dedic accused the crypto-friendly president of being too focused on lining his own pockets, thereby ruining the very legislation the industry most needs. He also criticized the crypto industry for failing to address this inconvenient truth, noting that its members are instead attending dinners for TRUMP coin holders and flattering the president. Dedic emphasized that nothing will change as long as no one speaks out.

South Korean crypto exchange Bithumb announced it will remove Solv Protocol (SOLV) from its delisting watchlist. The exchange determined that the issues leading to the designation have been resolved, in accordance with monitoring standards set by the member companies of the Digital Asset eXchange Alliance (DAXA).

According to data from Coinglass, $835.65 million in long positions on major centralized exchanges face liquidation if BTC falls below $75,336. Conversely, a move above $78,022 would liquidate $480.61 million in short positions.