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WLFI announced it has selected MovaLab as one of its first supernode operators to manage network operations. The project plans to collaborate with MovaChain to expand the use cases for the stablecoin USD1 into the AI and payment services sectors. WLFI is currently recruiting additional supernode operators to expand its network and stabilize its system as it continues to build out its ecosystem.

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.

According to data from prediction market Polymarket, there is an 83% probability that Kevin Warsh will be appointed chairman of the U.S. Federal Reserve before May 15. The probability of his appointment before June 30 stands at 98%.

U.S. Secretary of Defense Hegseth announced that the U.S. Navy's blockade of Iranian ports, in effect since April 13, will continue for as long as necessary. Speaking at a Pentagon press conference on April 24 alongside Chairman of the Joint Chiefs of Staff Cain, Hegseth stated that 34 ships have been turned back by the U.S. Navy to date. He added that an aircraft carrier is scheduled to join the blockade operation within a few days. Hegseth also revealed that the U.S. military seized two vessels belonging to Iran's "shadow fleet" in the Indian Ocean, stressing that the expanding blockade is spreading globally. He warned that if Iran lays mines in the Strait of Hormuz, the U.S. would destroy them without hesitation, responding in a manner similar to how it deals with drug smuggling ships in the Caribbean. Hegseth concluded by stating that this should not be America's fight alone, adding that the era of Europe and Asia free-riding is over.

Nasdaq-listed Aurelion (AURE) announced that it holds 33,318 Tether Gold (XAUT), valued at approximately $157 million as of April 23. The company has staked 10,000 XAUT as yield-generating collateral, leaving the remaining 23,318 XAUT unstaked.

The Ethereum Foundation announced it has entered into an agreement to sell 10,000 ETH in an over-the-counter (OTC) transaction. The counterparty for the deal is BitMNR, and the average selling price is $2,378. Funds raised from the sale will be used for the foundation's operations and activities.

The White House said it is confident the Senate will move quickly to confirm Kevin Warsh as the next chairman of the Federal Reserve.

South Africa's Ministry of Finance has released a draft regulation aimed at controlling cryptocurrency capital, Wu Blockchain reported. Under the proposed rules, crypto transactions over a certain amount must be processed through authorized financial institutions, and global remittances will require pre-approval. Additionally, any assets held overseas must be declared. Violators face potential penalties including the freezing or confiscation of their crypto assets, fines, or imprisonment for up to five years.

The U.S. Department of Justice is expected to conclude its criminal investigation into Federal Reserve Chairman Powell as early as today, ABC News reported, citing multiple sources.

A coalition of more than 20 crypto companies and organizations, led by the U.S. crypto lobbying group the DeFi Education Fund (DEF), has asked the U.S. Securities and Exchange Commission (SEC) to formalize its guidance on DeFi interfaces into official regulations. According to Eleanor Terrett, host of "Crypto in America," the group stated that informal guidance is insufficient to ensure long-term regulatory clarity. The SEC previously issued guidance suggesting that some DeFi front-ends and wallets may not be subject to broker-dealer regulations. However, the industry is concerned that without formal rules, the SEC could later expand its definition of a broker to include software developers.

London-based asset management firm Abraxas Capital deposited 4,835 BTC, worth $378 million, to Kraken in the past hour, Lookonchain reported. The firm also deposited 6,000 XAUT ($28 million) across Binance, Bybit, OKX, and Bitfinex. Deposits to exchanges are typically interpreted as a precursor to selling.

The three major U.S. stock indices opened higher today. - S&P 500: +0.38% - Nasdaq: +0.6% - Dow Jones: +0.1%

The European Central Bank (ECB) is collaborating with the European Card Payments Cooperation (ECPC), Nexo, and the Berlin Group to reduce the costs associated with introducing the digital euro. According to Cointelegraph, the agreement will enable the ECB to leverage existing open payment standards to support a range of payment methods, including "tap-to-pay" transactions, connections between merchants and payment services, and phone number-based transfers.

Coinbase announced on April 24 that it will list BLEND for spot trading.

Tron (TRX) founder Justin Sun has deposited 120 million SPK, valued at $5.51 million, to HTX, according to a report from ai_9684xtpa. The tokens were acquired through Spark (SPK) airdrops and staking. Deposits to an exchange are often interpreted as an intention to sell.

South Africa has drafted new regulations that would significantly tighten its oversight of cryptocurrencies, BeInCrypto reported. Under the proposal, authorities could demand the private keys required to access crypto assets, with refusal constituting a criminal offense. Additionally, individuals holding cryptocurrencies like Bitcoin above a certain threshold would be required to report their holdings within 30 days. The draft also stipulates that large-value transactions could only be conducted through licensed platforms.

Whale Alert reported that 2,820 BTC has been transferred from Abraxas to Kraken. The transaction is valued at about $221 million.

A net $1.1 billion in Ethereum has been withdrawn from exchanges this week, according to DeFi analytics firm Sentora. The firm explained that investors are moving their assets into self-custody amid concerns over smart contracts. Sentora added that this capital flight is shrinking market liquidity, leaving the on-chain environment in an unstable state.

Iranian Foreign Minister Abbas Araghchi is scheduled to visit Islamabad, Pakistan, for negotiations with the United States, Walter Bloomberg reported. Pakistani authorities announced that a U.S. logistics and security team has already arrived in the country, adding that a second round of negotiations between the U.S. and Iran is scheduled to take place.

The decoupling between Bitcoin and the U.S. Dollar Index (DXY) has significantly strengthened recently. According to CoinDesk, the 30-day correlation coefficient between the two assets has dropped to -0.90, its lowest point since September 2022. This indicates a growing tendency for Bitcoin to rise when the dollar shows weakness. The media outlet noted that Bitcoin's rally paused after it surpassed $79,000, which coincided with the DXY's rebound from 97.63 to 98.65 over the same period.

OKX has announced that it will list the GRASS/USDT spot trading pair at 2:00 p.m. UTC today.

Binance has announced that it will delist its VINE/USDT and AI/USDT perpetual futures contracts at 10:00 a.m. UTC on April 28.

The current market skew towards BTC short positions could serve as a catalyst for a price increase, according to one analyst. Crypto Tice, a crypto analyst with 310,000 subscribers, noted that Bitcoin funding rates have entered an extremely negative zone, a situation he described as very unusual. He explained that this indicates the entire market is leaning short, with traders paying to bet on a price decline. However, citing market data from the past 10 years, Tice argued that extremely negative funding rates are historically a bullish signal, not a bearish one. He suggested that when funding rates fall this low, short sellers become the liquidity base for the next rally, adding that a more negative rate leads to a stronger short squeeze. Tice concluded that current rates are similar to levels seen just before previous major bull markets.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for POL and GMT starting at 11:00 a.m. UTC on April 29, due to a Polygon hard fork.