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On-chain investigator ZachXBT has identified imToken and the decentralized exchange (DEX) Tokenlon as hotbeds for laundering illicit funds. He alleged that the majority of Tokenlon's trading volume originates from illegal money laundering activities, including romance scams.

World Liberty Financial (WLFI), a DeFi project led by the Trump family, has filed a defamation lawsuit against Tron (TRX) founder Justin Sun, the New York Post reported. In its complaint, World Liberty alleges that Sun publicly supported the WLFI token while secretly engaging in a "short-and-distort" scheme involving short selling and price manipulation. According to World Liberty, Sun's side invested a total of $45 million in WLFI starting in November 2024, but the tokens were frozen after the project detected alleged unauthorized transfers to Binance, the use of third-party proxy buyers, and engagement in contractually prohibited short selling. World Liberty stated that even after the freeze, Sun continued to publicly support WLFI while privately demanding a settlement worth hundreds of millions of dollars, threatening that the token's price would collapse if the assets were not unfrozen. Sun had previously filed a fraud lawsuit against World Liberty in a California federal court on April 21. In its countersuit, World Liberty is seeking damages and the retraction of related posts.

Health experts are raising concerns that Gudtrip, a California-based company offering Bitcoin rewards for using its cannabis vape pens, may be promoting addiction, DL News reported. The product syncs with an app to accumulate Bitcoin and points with each inhalation, with daily logins increasing rewards by up to 200%. Multiple cannabis researchers have pointed out that rewarding a specific behavior increases the risk of habit formation and addiction. Gudtrip has countered that the rewards are part of a consumer loyalty program unrelated to the volume of inhalation. However, this is contradicted by a message on its website that states, "Get crypto with every puff." The California Department of Cannabis Control (DCC), which was not previously aware of the product, has requested more information from the manufacturer.

Western Union's stablecoin, USDPT, has officially launched on Solana, Foresight News reported. The stablecoin is issued by Anchorage Digital and is subject to U.S. federal regulations. It is set to be directly integrated into Western Union's infrastructure in more than 200 countries.

BlackRock's Bitcoin ETF (IBIT) recorded $2.3 billion in net inflows during April, ranking it 11th among all ETFs, according to Bloomberg ETF analyst Eric Balchunas. He highlighted that IBIT attracted significant capital despite being the only fund among the top performers with a negative year-to-date return. Balchunas commented that this is a good sign of the fund's long-term growth potential.

The launch of more than 24 ETFs linked to prediction markets in the U.S. has been put on hold after the Securities and Exchange Commission (SEC) requested additional information, Reuters reported. Three asset management firms—Roundhill Investments, GraniteShares, and Bitwise—applied to launch the ETFs in February, with a 75-day automatic approval deadline that was set to expire this week. These funds are designed to hold derivatives tied to the outcomes of real-world events, such as midterm and presidential elections, economic recessions, and tech industry restructuring. Potential investment risks include insider trading and the possibility of catastrophic losses. However, sources familiar with the matter reportedly believe the delay is likely to be temporary.

Alex Thorn, head of research at Galaxy Digital, has stressed the urgency of passing the Clarity Act ahead of the U.S. midterm elections in November. Writing on X, Thorn argued that with a highly competitive race for Senate control, it is crucial for the legislation to be approved now. He warned that if the Democratic Party wins the Senate, crypto-skeptic Sherrod Brown could return as Chairman of the Senate Banking Committee. Thorn added that even if Brown loses his election in Ohio, the chairmanship would then go to Elizabeth Warren, who also holds anti-crypto views.

A subsidiary of U.S. Nasdaq-listed Bitcoin mining firm Hut8 (HUT) has refinanced its BTC-collateralized loan from Coinbase Credit, switching to a 364-day, $200 million facility from FalconX. The move lowered the fixed interest rate from 9.0% to 7.0% and released approximately 3,300 BTC from collateral.

Coinbase is supporting the Solana-based trading protocol DFlow, CoinDesk reported. The move has led to an eightfold reduction in the failure rate for Solana-based trades on the platform. Previously, one in 30 Solana trades failed to execute due to insufficient liquidity, a figure that has now improved to one in 250.

Cointelegraph has outlined four key factors to watch in the Bitcoin market this week. - BTC surpasses $80,000 for the first time in three months. - A daily close above $80,000 would signal a bullish reversal. - Fading expectations for a Fed rate cut. - The MVRV ratio has hit 1.45, its highest level since the start of the year, indicating a recovery in investor profitability.

A senior U.S. official has denied claims that a U.S. ship was struck by an Iranian missile.

According to CoinNess market monitoring, BTC has fallen below $79,000. BTC is trading at $78,901.24 on the Binance USDT market.

Two missiles struck a U.S. warship near Jask Island after it ignored a warning from Iran, according to the country's Fars News Agency. The vessel is said to have subsequently turned back from the area.

Brent crude surpassed $110 per barrel, rising 2.27% during intraday trading. WTI crude oil surged 4.00% to $106.26 per barrel. Meanwhile, spot silver fell 3.00% to trade at $73.47 per ounce.

The Spot CVD is an order book analysis chart for the BTC/USDT spot pair. The upper section shows the Volume Heatmap, while the lower section displays the Cumulative Volume Delta (CVD). - The upper Volume Heatmap tracks the scale of trading volume at specific price levels. The background color brightens when the price remains in a certain range for an extended period or experiences significant movement. Brighter areas may act as potential support or resistance levels. - The lower Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by capital size. As buy orders increase, the corresponding colored line rises. For example, the yellow line indicates orders between $100 and $1,000, while the brown line represents large orders ranging from $1 million to $10 million.

According to data from Coinglass, a drop below $77,965 for BTC could trigger the liquidation of $1.35 billion in long positions on major centralized exchanges. Conversely, a move above $80,835 would liquidate an estimated $383 million in short positions.

ZKsync Lite has ceased block production as of May 4, entering its planned service shutdown, ZKsync announced on X. The shutdown does not impact other chains such as ZKsync Era, and any remaining funds on Lite can be withdrawn on Ethereum Layer 1 (L1). With transactions currently halted, the Security Council is verifying the final state root. Withdrawals will be enabled once this verification is complete, a process expected to take 48 to 72 hours. ZKsync will cover the fees for the first 100,000 withdrawals.

Capital B, a publicly traded European firm strategically accumulating Bitcoin, announced it has secured a €1.1 million ($1.28 million) investment from Blockstream CEO Adam Back. The company also lowered the conversion price of bonds held by Back by approximately 50%, from €5.174 to €2.59 per share. Upon conversion, Back will be granted additional share purchase rights with a two-year maturity. Existing share price conditions have been removed, allowing him to convert the bonds into stock at his discretion.

Crypto market maker Wintermute deposited 17.16 million B, worth $6.67 million, to Gate.io five hours ago, according to ai_9684xtpa. In the three hours following the transfer, the price of B fell 16.8% from $0.3914 to $0.3257. Wintermute currently holds $33,000 worth of B.

Institutional investors are purchasing more than five times the daily mining volume of BTC, according to Charles Edwards, founder of Capriole Investments. He noted that in similar situations in the past, the price of BTC has risen by an average of 24% within a month, suggesting that the cryptocurrency could potentially reach $96,000.

Whale Alert reported that 1,000 million USDT has been minted at the Tether Treasury.

South Korea's Financial Intelligence Unit (FIU) will meet with virtual asset exchanges after May 11 to discuss proposed amendments to the Act on Reporting and Using Specified Financial Transaction Information, Edaily reported. The meeting aims to address industry concerns about excessive regulation and find a mutually acceptable solution. The legislative notice period for the amendments, which the FIU announced on March 30, is set to conclude on May 11. The proposed changes include a requirement for domestic operators to report all transactions over 10 million won with overseas operators and private wallets to the FIU as suspicious transactions.

U.S. law firm Gerstein Harrow LLP has filed a lawsuit to seize 30,766 ETH, worth $73 million, that was frozen by Arbitrum (ARB) following the Kelp DAO hack, Cointelegraph reported. Gerstein Harrow's clients claim they are entitled to over $877 million from three separate, successful lawsuits against North Korea for past hacking incidents. The firm argues that because its clients won these judgments, they have a rightful claim to the frozen funds. A New York court has reportedly approved a restraining and execution order, prohibiting Arbitrum from moving the assets. Kelp DAO suffered a $292 million hack on April 18, after which the Arbitrum Security Council froze the 30,766 ETH in an address linked to the hacker. Arbitrum had planned to transfer the funds to DeFi United, a relief fund for hacking victims, to compensate users. However, the lawsuit is now expected to delay this recovery process. Gerstein Harrow has previously filed similar lawsuits, including in a case involving a Bybit hack. Arbitrum has stated its position that the seizure action is unjust, saying it "delays the return of victims' funds."

An analysis suggests that Bitcoin's rebound near the average entry price of institutional investors established after the approval of spot ETFs is now acting as a key support level. In a contribution to CryptoQuant, on-chain analyst CryptoDan noted that the current cycle is structurally different from previous ones. While some indicators suggest it is too early to declare a market bottom, he argued that the large-scale inflow of institutional funds via spot ETFs is a new variable not seen in past cycles. Consequently, CryptoDan believes the current downtrend may unfold differently, and investors should position themselves accordingly. He advised closely watching the depth and scale of the correction or pullback that may follow the current rebound. A strategy of buying in installments during significant corrections could prove effective, he added.

Ethereum has completed its Glamsterdam upgrade as of May 1, enabling more transactions to be processed faster and at a lower cost, FinanceSpeed reported. A significant increase in the gas limit has expanded available block space, lowering the cost of smart contract interactions such as decentralized exchange (DEX) transactions and large-scale NFT minting. Additionally, the cost of Layer 2 data settlement has been reduced by 70%, a change expected to intensify fee competition among major Layer 2 networks. Ethereum had previously stated its goals for the upgrade were to recapture market share from high-performance competing chains and to provide the necessary computational resources for next-generation dApps. The project plans to eventually transform into a high-performance financial engine capable of supporting hundreds of millions of daily active users.