🔴 Grayscale files to convert Avalanche trust into a spot ETF

Grayscale Investments has filed with the SEC to convert its Avalanche-based trust into a spot ETF, with Coinbase Custody as custodian and The Bank of New York Mellon as transfer agent.

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⏬ NFT sales volume drops 63% in Q1 2025

NFT sales fell to $1.53 billion in the first three months of 2025, a 63% decrease compared to the same period in 2024. Despite some collections like Pudgy Penguins, Doodles, and Milady Maker showing sales growth, floor prices have declined significantly, reflecting overall market weakness.

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📣 SEC drops cases against Kraken, Consensys, and Cumberland

The SEC has officially closed civil cases against Kraken, Consensys, and Cumberland DRW. The decision follows joint agreements to dismiss the lawsuits, as the regulator shifts its focus toward updating its regulatory approach to the crypto industry.

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🫱 Animoca Brands partners with L2 network Soneium

Animoca Brands has announced a strategic partnership with Soneium, where Moca Network will implement the first identity layer on the blockchain. The collaboration will introduce Anime ID, enabling decentralized digital identity management. Additionally, AIR SDK tools will be integrated to enhance user identity and reputation management.

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‼️ US government moves $10M in confiscated BTC and ETH to new wallets

According to Arkham Intelligence, the US government transferred 97.33 BTC (worth $8.46M) and 884.33 ETH (worth $1.77M) from confiscated asset reserves to new addresses. This move has sparked speculation in the crypto community about potential market manipulation or strategic repositioning.

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🥷 US DOJ uncovers crypto scheme funding Hamas terrorism

The US Department of Justice has dismantled a crypto financing scheme linked to Hamas, seizing over $200,000 USDT. The funds were traced back to wallets allegedly controlled by Hamas, used to launder more than $1.5 million since October 2024. Authorities are intensifying efforts to block terrorist funding through digital assets.

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🌟 Justin Sun featured on Forbes cover, highlighting crypto influence

Tron founder Justin Sun appeared on the cover of Forbes, emphasizing his impact on the crypto industry. Sun's Tron platform now serves 300 million users, while his role as global advisor to Huobi HTX boosts the exchange’s reputation. Market reactions point to increased trust and visibility for Tron.

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❕ Thailand SEC sues OKX for unlicensed operations

The Thai SEC has filed a lawsuit against OKX and its operator Aux Cayes FinTech for providing crypto services without a license. The charges also include nine partners promoting the exchange on social media. If found guilty, they face up to 5 years in prison and fines of up to 500,000 baht ($14,700).

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💰 Terraform Labs to open claims portal for compensation on March 31

Terraform Labs will start accepting compensation claims from March 31 for investors affected by the LUNA and TerraUSD collapse. Claims are eligible for losses of $100 or more, with the total payout estimated between $184.5M and $442.2M. The deadline for submitting claims is April 30, 2025.

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🫱 Elon Musk sells social network X to his AI startup xAI

Elon Musk has transferred ownership of social network X (formerly Twitter) to his AI company xAI, valuing xAI at $80B and X at $33B. The move aims to merge technologies and data, creating a platform focused on truth and progress. The decision coincides with a court ruling not to dismiss a lawsuit against Musk related to delayed investment disclosures.

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🔷 Vitalik Buterin proposes new Ethereum L2 roadmap and open-source funding model

Ethereum co-founder Vitalik Buterin introduced a roadmap to enhance Layer 2 security, finality, and scalability, featuring a multi-proof system to ensure robustness. He also advocated for a shift from public goods funding to open-source funding to reduce social bias and support impactful development.

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🔥 Kiyosaki: Bitcoin FOMO will drive generational wealth

Financial author Robert Kiyosaki believes that the FOMO crowd investing in Bitcoin will ultimately accelerate into generational wealth. He warns against saving traditional currencies, favoring gold, silver, and Bitcoin as protection against inflation, and predicts that silver could double or triple in value within the next year.

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✅ Trump pardons BitMEX co-founders, including Arthur Hayes

President Trump has pardoned Arthur Hayes, Benjamin Delo, Samuel Reed, and former BitMEX executive Gregory Dwyer. They were previously convicted of violating the Bank Secrecy Act and paid $30M in fines. The decision follows their admission of guilt related to money laundering violations.

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‼️ Top 2 catalysts for Bitcoin and altcoin prices next week

⚪️ Trump’s reciprocal tariffs: Scheduled for Liberation Day, these tariffs could cause market turbulence, especially if countries like the EU or China respond negatively.

⚪️US nonfarm payrolls data: Expected on Friday, with a forecast of 128,000 jobs added. Lower numbers and rising unemployment could impact crypto sentiment, influencing Bitcoin and altcoin movements.

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💡 Hyperliquid introduces on-chain validation after JELLY delisting backlash

Hyperliquid has upgraded its blockchain to enable fully on-chain validator voting for asset delisting, following criticism over the JELLY memecoin delisting. The move aims to address centralization concerns and improve decentralized governance. The platform also pledged to reimburse affected users.

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⚠️ T-Mobile fined $33M for SIM-swap crypto theft

T-Mobile has been ordered to pay $33 million after being found liable for negligence in protecting customers from SIM-swap attacks that led to major cryptocurrency theft. The ruling, secured by Greenberg Glusker, also includes $6.5 million in legal costs, highlighting the ongoing vulnerability of mobile networks.

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🥷 China sentences 34 people to prison for $64M crypto fraud

A Chinese court sentenced 34 individuals to 3-12 years in prison for running the fraudulent crypto exchange OURBIT, which scammed 30,000 investors out of $64 million. The platform used fake trading data and false licenses to appear legitimate, luring victims through WeChat groups and promising high returns.

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⏬ Ethereum drops below $1,850 amid viral “meowing” Vitalik video

Ethereum’s price fell below $1,850, partly fueled by a viral video of Vitalik Buterin “meowing” at a robot. The clip sparked mixed reactions, with some traders humorously linking it to ETH’s decline. Since December 2024, Ethereum has dropped 55%, reaching a 5-year low against Bitcoin.

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🔥 PumpSwap DEX hits $10B volume just 10 days after launch

PumpSwap, the new DEX from Pump.fun, surpassed $10 billion in trading volume within 10 days of launch, claiming 67.4% of Solana DEX volume. Competing exchanges like Raydium and Meteora now lag behind, with Raydium holding just 18.2%. The DEX has generated $20M in fees, with 700,000 wallets accessing the protocol.

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📣 FTX to begin major creditor repayments on May 30

FTX will start repaying creditor claims over $50,000 on May 30, following its bankruptcy process. Claims will be valued as of the November 11, 2022 bankruptcy date, meaning BTC claims are worth just 20% of current market price. The process could take months due to numerous fraudulent claims.

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