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A bill aimed at banning political donations made in cryptocurrency has passed its second reading in Canada's House of Commons. According to CoinDesk, the legislation, known as the Strong and Free Elections Act (Bill C-25), applies to key participants in federal elections, including political parties, candidates, and third-party advertisers. The bill mandates that any illegal cryptocurrency contributions must be returned within 30 days or forfeited to the Canada Revenue Agency. The bill passed with bipartisan support and has now been referred to a committee for further review and potential amendments.

Major exchanges have seen $153 million worth of futures liquidated in the past hour. In the past 24 hours, $449 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $77,000. BTC is trading at $76,960 on the Binance USDT market.

Whale Alert reported that 5,000 BTC has been transferred from Kraken to an unknown wallet. The transaction is valued at about $387 million.

Prominent Bitcoin skeptic and gold bull Peter Schiff has stated that Bitcoin will crash to near zero, Watcher.Guru reported.

In a report published on April 27, a16z crypto, the digital asset arm of venture capital firm Andreessen Horowitz, argued that stablecoins have evolved from a niche trading tool into core infrastructure, becoming the foundation for the next generation of global financial products. The report highlighted that stablecoins emerged to overcome the high costs and slow speeds of the traditional financial system, noting that just as the internet transformed information transfer, stablecoins are revolutionizing value transfer. Additionally, the firm stated that stablecoins are becoming a tool to extend the dominance of the U.S. dollar into the digital world and are being used to expand financial inclusion in developing countries. This is leading to the creation of an open-source, globally accessible financial infrastructure that moves beyond the closed networks of the past, according to the report.

A persistent negative funding rate in the BTC perpetual futures market, even as the cryptocurrency has rallied 14% in April for its largest monthly gain since April 2025, is being attributed to the structural hedging strategies of institutional investors. According to CoinDesk, 10x Research founder Markus Thielen described the situation as an unusual phenomenon. He pointed out that the 30-day annualized average funding rate stands at -5%, a significant departure from past highs of +8%. Thielen explained that a sustained negative funding rate during a price rally indicates a structural change in the futures market rather than a simple shift in investor sentiment. He elaborated that the market is currently driven by the hedging activities of institutional investors, with hedge funds shorting futures to manage their positions.

U.S. investment bank Bernstein has projected that the cryptocurrency market has not yet reached its golden age, anticipating structurally higher peaks and a long-term bull market. According to The Block, a team of Bernstein analysts led by Gautam Chhugani stated that the crypto market, centered on Bitcoin, is building stronger fundamentals. The analysts noted that $60,000 is acting as a clear floor for Bitcoin, with the price expected to approach $80,000. They added that institutional demand for Bitcoin is ongoing and that consistent buying from MicroStrategy is a positive factor. Furthermore, they explained that while quantum computing could pose a long-term risk, the blockchain ecosystem has sufficient time to transition to post-quantum security.

Kremlin spokesperson Dmitry Peskov stated on April 27 that Russia is willing to mediate in the conflict involving Iran if all parties are receptive. He emphasized that Russia would do its utmost to ensure a final and guaranteed peace, welcoming the continuation of end-of-war negotiations and the maintenance of a ceasefire under any circumstances. Peskov added that a resumption of the war would not serve the interests of Iran, the nations along the Strait of Hormuz, or the global economy as a whole.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Nasdaq-listed Bitcoin miner Hut 8 (HUT) is pursuing a bond issuance to finance a new data center linked to Google that will support artificial intelligence, Bloomberg reported. The company is reportedly raising funds by issuing secured bonds maturing in 2042, with a target of at least $3 billion. The offering is being managed by investment banks including Goldman Sachs, JPMorgan, and Morgan Stanley. Google will reportedly support the project financially, including making rent payments for the data center under a lease agreement. The move comes as Hut 8 shifts its business focus from Bitcoin mining to energy and digital infrastructure.

The pace of recent Bitcoin purchases by MicroStrategy (MSTR), the largest corporate holder of the asset, has slowed by 91% compared to the previous week, Decrypt reported. According to the data, MicroStrategy purchased 34,164 BTC ($2.54 billion) last week, followed by an additional purchase of 3,273 BTC ($255 million) about a week later. Decrypt explained that the slowdown is due to the latest acquisition being funded through the sale of common stock rather than preferred stock. This suggests that the company's preferred stock, STRC, has become the primary funding source for its larger Bitcoin buys.

Circle, the issuer of the USDC stablecoin, announced through its official X account that its venture capital arm, Circle Ventures, is purchasing AAVE tokens. The company explained that the move is part of its participation in DeFi United, a rescue program established to address the fallout from the KelpDAO hack and the subsequent rsETH incident. Circle stated its support for Aave's ecosystem and community, noting that robust DeFi infrastructure requires active building and that Aave is contributing to the future of on-chain finance.

Iranian Foreign Minister Abbas Araghchi said the United States has proposed holding talks and that the Iranian government is now reviewing the possibility. Speaking at a press conference in Russia on April 27, Araghchi questioned U.S. President Donald Trump's self-proclaimed victory, asking why he would propose negotiations if that were the case. Araghchi pointed out that Iran is confronting the world's largest superpower and that the U.S. has failed to achieve any of its objectives. This, he emphasized, is why the U.S. requested negotiations, and Iran is now considering the option.

An address linked to the over-the-counter (OTC) desk of crypto financial services firm Galaxy Digital (GLXY) has deposited 15,000 ETH, worth $34.74 million, to exchanges OKX and Bybit, on-chain analyst ai_9684xtpa reported via X. The analyst noted that the funds were withdrawn from the crypto lending protocol Aave (AAVE) immediately following the rsETH hack.

The three major U.S. stock indices opened lower today. - S&P 500: -0.12% - Nasdaq: -0.26% - Dow Jones: -0.01%

A U.S. court has sentenced Evan Tangeman of California to 70 months in prison for money laundering in connection with a $263 million cryptocurrency fraud ring, Decrypt reported. Tangeman admitted to laundering at least $3.5 million in stolen funds for the organization, which has been operating on online platforms since 2023. The court's sentence also took into account his obstruction of justice, including attempts to destroy evidence. He was also ordered to serve three years of supervised release.

Ethereum infrastructure developer Consensys and its founder Joseph Lubin have joined "DeFi United," a bailout program for the rsETH incident, and will provide 30,000 ETH in support, crypto lending protocol Aave announced on its official X account. Previously, Lido (LDO), Ether.fi (ETHFI), Ethena (ENA), Mantle (MNT), Tron (TRX), and Babylon (BABY) also announced they would contribute ETH to the Aave bailout.

Nasdaq-listed Solana Company has completed a capital increase of approximately $8 million, The Wall Street Journal (WSJ) reported. The company issued 3,076,922 shares of Class A common stock at a price of $2.6 per share. This investment round was led by Mirae Asset and included participation from HashKey Capital. The proceeds will be used to purchase additional SOL and for operating capital.

Crypto influencer Ted Pillows said on X that Bitcoin has historically always fallen around the time of a leadership change at the U.S. Federal Reserve. He noted that when Janet Yellen took office as Fed Chair in January 2014, BTC fell 84%. Similarly, the asset dropped 73% when Jerome Powell began his term in February 2018 and 61% when Powell was reappointed for a second term in May 2022. Pillows added that he is curious to see what will happen with the transition to Kevin Warsh. Powell's current term as chair is set to end on May 15. U.S. President Donald Trump has nominated Warsh to be the next Fed Chair, though the nomination has not yet been confirmed by the Senate. If the confirmation process is not completed by then, Powell is expected to continue as an interim chair. His term as a Fed Governor extends until January 2028, allowing him to remain on the board.

Bitmine (BMNR) announced it purchased an additional 101,901 ETH last week, bringing its total holdings to 5,078,386 ETH as of April 26. This represents approximately 4.21% of the total ETH supply. The company is currently staking around 3.7 million ETH, or about 73% of its holdings, an amount valued at approximately $8.8 billion.

The European Union's Markets in Crypto-Assets (MiCA) regulation has made euro-based stablecoins safer but has diminished their competitiveness, according to a recent report by Blockchain for Europe. The report, cited by CoinTelegraph, notes that euro-denominated tokens account for less than 1% of global stablecoin trading volume. It suggests this indicates the market has entered the downward slope of a "regulatory Laffer curve," where stricter rules lead to reduced activity. The analysis identifies a ban on interest and stringent reserve requirements as key problems, recommending improvements to interest and transparency rules and an overhaul of the reserve mandates. CoinTelegraph added that while potential MiCA reforms are being discussed, the European Central Bank and the European Banking Authority (EBA) remain cautious due to financial stability concerns, suggesting any deregulation will take time.

Bitcoin accumulation firm Strive (ASST) has purchased an additional 789 BTC, worth $61.43 million, at an average price of $77,890, CEO Matt Cole announced on X. As of April 24, Strive holds 14,557 BTC, valued at approximately $1.13 billion.

The recent price surge of Pudgy Penguins (PENGU) may be an artificial process designed to absorb a large volume of unlocked tokens, DNTV Research analyst Bradley Park said in an interview with CoinDesk. He noted that on April 17, 703 million PENGU, equivalent to 0.79% of the supply, were unlocked. Park suggested that large holders may have used positive news to secure enough buying pressure to absorb their sell-offs. The unlocked tokens were quickly moved to 19 separate addresses, a pattern that Park believes indicates preparation for a staggered sale to avoid shocking the market. He emphasized that as positive news about PENGU was released, open interest in the futures market surged, triggering a short squeeze that further fueled the price increase. Park described this as an environment engineered by the recipients of the unlocked tokens to offload their holdings at a high price.