Crypto World
New Evidence Emerges in Argentina President Milei’s Libra Token Probe
Phone logs obtained by federal prosecutors in Argentina show seven calls between President Javier Milei and entrepreneur Mauricio Novelli – one of the architects of the LIBRA crypto token, on the same night in February 2025 that Milei posted the now-infamous promotion on X, directly contradicting Milei’s public claim of no connection to the coin’s launch.
Recovered notes from Novelli’s phone outline a $5 million deal structure tied to Milei’s official endorsements, including payments contingent on Milei naming Hayden Davis of Kelsier Ventures as a cryptocurrency advisor.
The documents place Milei inside the deal’s mechanics, not outside them.
- The Core Evidence: Argentine federal prosecutors have obtained phone logs showing seven calls between Milei and Novelli before and after his February 14, 2025, X post promoting $LIBRA at 7:01 pm local time.
- The Financial Trail: A deleted note recovered from Novelli’s phone describes a $5 million arrangement with an individual identified as “H” – likely Davis – including $1.5 million upon Milei announcing Davis as a crypto advisor.
- The Scale of Losses: An estimated 114,410 wallets lost funds in the $LIBRA collapse, with total investor losses ranging from $251 million to $400 million; only 36 wallets cleared more than $1 million in profit.
- Milei’s Legal Status: Milei is named as a person of interest in the ongoing federal probe but has not been formally charged; he has not publicly responded to the call logs or recovered documents.
- Obstruction Signal: Milei dissolved Argentina’s Investigation Task Unit (UTI) via Decree 332/2025 in May 2025 – after the UTI had forwarded insider trading findings to prosecutors.
- What to Watch: Argentina’s Chamber of Deputies begins questioning government officials on April 8, 2026; any move toward formal charges or new forensic disclosures from that session will be the next inflection point in this investigation.
Discover: The Best Crypto Presales Live Right Now
What the Phone Logs Actually Show – and Why Milei “No Connection” Defense No Longer Holds
Milei posted about LIBRA crypto at 7:01 pm Argentina time on February 14, 2025. The seven documented calls to Novelli occurred in the hours immediately before and after that post – a timeline that prosecutors are now treating as evidence of coordination, not coincidence.
The contents of the calls remain unknown, but the pattern of contact alone is legally significant: it establishes proximity between Milei and the token’s operators at the precise moment of maximum promotional impact.
The recovered deleted note from Novelli’s phone goes further. Forensic analysis of the document – dated October-November 2024 – describes a three-tranche payment structure: $1.5 million upfront to “H,” $1.5 million upon Milei’s public announcement of Davis as an advisor, and $2 million in blockchain and AI advisory contracts involving both Milei and his sister Karina Elizabeth Milei.
Milei met Davis at Casa Rosada on January 30, 2025, posting a selfie on X that same day and describing him as a cryptocurrency advisor – the precise trigger for the second $1.5 million tranche outlined in Novelli’s note.
Computer experts confirmed that the 44-character $LIBRA contract code Milei included in his February promotional post was not publicly available online prior to the post, meaning Milei had access to insider technical data before the token launched publicly.
WhatsApp audio messages reviewed as part of the investigation also reference recurring payments made to Milei during his time as a congressman, with specific sums reportedly allocated to Karina Milei as well.
Novelli allegedly brokered regulatory favors in exchange, including tax exemptions, suggesting the financial relationship predates the $LIBRA launch by years. Milei’s dissolution of the UTI via Decree 332/2025 in May 2025, after that body had already forwarded insider trading findings to prosecutors, adds an obstruction dimension that investigators are unlikely to set aside.
Explore: The Best Pre-Launch Token Sales With Asymmetric Upside Potential
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Ethereum might be down by 3% today, but a structural shift inside one of the most-watched U.S. ETF products may be building a slow-burn case for recovery. The catalyst isn’t a Trump tweet or a Fed pivot. It’s staking yield, quietly compounding inside a regulated wrapper. Grayscale introduces Ethereum ETF staking delay.
In October 2025, Grayscale activated staking for ETHE, making it the first U.S. Ethereum ETP to distribute staking rewards directly to shareholders. Shares are currently priced at $16.98, with the fund posting a 3-month return of +107.87% and a 1-year return of +11.68%. That 3-month surge reflects a period when institutional appetite quietly accelerated way before most retail participants noticed.
When staking yield embedded in a regulated ETF structure, it creates a demand floor that pure spot exposure never had. ETF dynamics in 2026 have already reshaped Bitcoin’s price behavior, Ethereum may be next in line for the same institutional re-rating.
Discover: The best pre-launch token sales
Can Ethereum Price Hit $5,700 With This New Grayscale ETF Staking?
Ethereum’s current price action is compressed. Trading just above the $2,000 support zone, well below the $2,400 resistance band that capped multiple recovery attempts in Q1 2026. Volume has been underwhelming, a characteristic of a market waiting for a macro trigger.
The staking ETF development matters technically because it introduces a yield-bearing demand component. Institutional allocators who previously avoided ETH due to zero-yield exposure now have a credible on-ramp. Buyer-seller divergence data already shows accumulation signals at current levels, suggesting patient money is positioning ahead of any breakout.
ETH could reclaim $2,400 with ETF inflows accelerating on the staking yield narrative, and price targets $3,200, then $5,700 as the cycle matures in a move that would represent 180% jump from current levels.
But ETH could lso consolidates between $1,650 and $2,400 through Q2, with staking yield providing a slow but steady ETF demand floor. Price grinds higher, but the $5,700 target extends into late 2026. Or, a break below $1,500 on heavy volume would invalidate the accumulation thesis. That level represents critical long-term support; a close beneath it reopens the $1,200 range.
The staking ETF is a structural positive. It isn’t, by itself, a price ignition event. Patient positioning appears to be the play.
Discover: The best crypto to diversify your portfolio with
Maxi Doge Targets Early Mover Upside as Ethereum Tests Key Levels
Here’s the uncomfortable truth about Ethereum: even the bull case projects +180% as a multi-quarter grind. For traders who made real money in 2021, that timeline feels like watching paint dry.
Early-stage assets with compressed entry prices and community momentum have historically offered asymmetric upside during exactly these mid-cycle consolidation windows.
Maxi Doge ($MAXI) is a meme token built on Ethereum, currently in presale at $0.0002812, with $4,7 million raised for now. The project leans hard into trading culture, with holder-only trading competitions, leaderboard rewards, and a Maxi Fund treasury backing liquidity and partnerships. Staking is also live with a high 66% APY bonus for presale participants.
Two features stand out: the Holder-Only Trading Competitions create genuine competitive utility beyond speculative holding, and the meme-first marketing strategy has a track record of generating organic viral reach that paid campaigns simply can’t replicate.
Research Maxi Doge here before the next price increase.
The post Grayscale Ethereum ETF Staking Introduces Something Fresh: The Catalyst For $5,700? appeared first on Cryptonews.
BTC USD pulled back sharply to $68,000 Tuesday after topping $70,000 less than 24 hours earlier, as the Trump 8 PM deadline looming. The catalyst is as geopolitical as it gets, and the window to act may already be closing.
President Trump posted an extraordinary message to Truth Social Tuesday morning, warning:
“A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will.”
The statement, tied to his 8 PM ET deadline for Iran to reopen the Strait of Hormuz, detonated across risk assets instantly. Nasdaq 100 futures dropped 0.65%. WTI crude spiked 1.7% to $114.22 per barrel. Bitcoin shed nearly $2,000 in a matter of hours.
— Mario Nawfal (@MarioNawfal) April 7, 2026
BREAKING:
'There are increasing fears within Trump’s current and former advisory circle that the President may consider ordering a NUCLEAR STRIKE on Iran’
Source: The Guardian https://t.co/Yn21aIAPZl pic.twitter.com/4KKv4zdO4m
Vice President Vance offered a partial reprieve, stating military objectives in the Iran conflict had been completed, tempering the worst of the selloff. The broader damage, though, was already done. Markets are pricing in genuine overnight risk, and Bitcoin is caught directly in the crossfire.
Discover: The best pre-launch token sales
BTC USD Under Heavy Pressure from Trump Decisions
BTC USD rejection at $70,000 is technically significant. That level has served as stiff overhead resistance across multiple sessions, and Monday’s brief breach now looks like a false breakout rather than a confirmed range expansion. Price is currently consolidating around $68,000, dropping close to 3% since last night.
The immediate support zone sits between $67,500 and $66,000. A clean hold here keeps the bullish structure intact. Lose it on a closing basis, and the next meaningful demand cluster doesn’t appear until the $65,000–$65,500 region, a level that aligns with prior consolidation from late March.
Volume context matters here. The pullback has been driven by macro fear rather than structural selling, which suggests the move could reverse quickly if tonight’s geopolitical outcome is less catastrophic than Trump’s language implies. Three scenarios dominate the tape right now:
Bitcoin’s correlation with risk assets during geopolitical shocks remains frustratingly tight; the “digital gold” narrative only seems to hold once the dust settles. Watch the 8 PM deadline closely and react to BTC USD movement.
— MSB Intel (@MSBIntel) April 7, 2026
BREAKING: Trump's 8 PM Tuesday deadline for Iran to reopen Strait of Hormuz.
Trump threatened bombing campaign against Iran's power plants and bridges if Hormuz not reopened by 8pm Eastern Time April 7. Iran rejected ceasefire, demands permanent war end and sanctions lift.
Discover: The best crypto to diversify your portfolio with
Bitcoin Hyper is Not Under Pressure
Here’s the uncomfortable truth for spot BTC holders: even in the bull case, Bitcoin’s upside from $68,000 to $74,000 represents roughly 9%, not nothing, but hardly the asymmetric return that first attracted most crypto investors to this space.
Macro-driven volatility compresses spot upside while amplifying downside risk. That calculus is pushing sophisticated allocators toward earlier-stage infrastructure plays with different return profiles.
Bitcoin Hyper ($HYPER) is currently raising in presale at just $0.0136, with $32 million already committed, a figure that signals serious demand for what the project is building.
The pitch is technically ambitious: the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, delivering sub-second transaction finality while preserving Bitcoin’s underlying security model. That means fast smart contracts, low fees, and a decentralized canonical bridge for BTC transfers, breaking the three core limitations that have historically capped Bitcoin’s utility as a programmable asset.
High 36% APY staking bonus is live for presale participants. Research Bitcoin Hyper’s presale terms here and joing Hyper army today.
The post BTC USD In Shock Again: Trump Says Whole Civilization Will Die Tonight appeared first on Cryptonews.
Global crypto exchange-traded products drew $224 million in inflows last week after a $414 million outflow the week before, according to CoinShares.
The headline number looks like a recovery but a deeper look shows that the rebound is far narrower than it appears.
Switzerland alone accounted for roughly $157 million of the $224 million total, meaning 70% of global inflows came from a single country. Germany and the United States each contributed about $28 million. Canada added a much smaller $11 million.
The asset breakdown is similarly concentrated. XRP led all inflows at approximately $120 million, more than half the global total and its largest weekly intake since mid-December 2025.
Virtually none of the total from U.S. spot XRP ETFs. SoSoValue data shows the five U.S.-listed XRP spot ETFs recorded near-zero daily flows throughout the past two weeks, with total net assets sitting at $940 million across Canary, Bitwise, Franklin, 21Shares, and Grayscale products. The $120 million was almost entirely European and international ETP demand.
Bitcoin ETPs drew $107 million, but only $22 million came from U.S. spot ETFs, which remain in negative territory year-to-date. Strategy disclosed over the weekend that it bought 4,871 BTC for approximately $330 million in the same week, meaning a single company spent 15 times what the entire U.S. spot bitcoin ETF complex attracted.
ETFs absorbed approximately 50,000 BTC in March’s rolling 30-day window, the highest since October 2025, CoinDesk reported last week. But nearly all of the sustained institutional buying pressure is coming through two channels — spot ETFs and Strategy — and even the ETF channel is weakening on a weekly basis.
The broader ETP market, which includes leveraged products, short products, and altcoin funds across dozens of countries, is not confirming the “institutions are buying” narrative.
Ether products continued to bleed, posting $53 million in outflows after $222 million the prior week, bringing year-to-date outflows to $327 million. That stands in sharp contrast to Bitmine Immersion Technologies (BMNR), which bought 71,252 ETH last week in its largest single-week purchase since December 2025 and now holds 4.8 million tokens worth roughly $10 billion. ETH fund investors are leaving while the largest corporate ETH buyer on earth is accelerating.
CoinShares’ James Butterfill attributed the ether weakness partly to uncertainty around the CLARITY Act, the stablecoin legislation closely tied to Ethereum’s ecosystem.
The geographic concentration matters for reading where conviction actually sits. The Coinbase Premium Index, which tracks whether bitcoin trades at a premium or discount on the exchange most associated with US institutional flows, has been persistently negative since bitcoin’s all-time high above $126,000 in October 2025.
U.S. buyers are not stepping in at scale, and the ETP data confirms it. The $28 million in US inflows against $157 million from Switzerland suggests the marginal buyer right now is European, not American.
Split Capital, a digital asset hedge fund founded by investor Zaheer Ebtikar, is shutting down, with the founder joining Peter Thiel-backed stablecoin startup Plasma.
Ebtikar announced the news in an X post on Tuesday, saying Split Capital was profitable both in 2024 and 2025, and delivered over 100% in returns.
“We were a top performing fund by every mark,” Ebtikar claimed, adding that his decision to wind down the business was driven by a belief that the crypto market had shifted away from strategies that hedge funds are designed to capture.
“The hedge fund model did not make sense for crypto, in perpetuity,” he said.
Ebtikar’s decision came amid continued pressure on crypto hedge funds, which have reportedly faced more challenging market conditions since the 2022 market downturn.
Crypto industry no longer rewards traders chasing momentum, Ebtikar argues
Ebtikar described his early years in crypto as “PvP button-clicking,” where traders competed in fast-moving markets driven by momentum and narratives. But after nearly a decade, he said those conditions have changed.
“The industry no longer rewards traders chasing momentum, it has matured into a space where the only real question is ‘What does the future look like and where is the value?’” he said.
Ebtikar said that many investors, including critics, were ultimately right to question whether funds such as Split Capital were sustainable in a rapidly evolving market.
“As time went on, our conviction narrowed around a small number of founders and verticals I genuinely believed in,” Ebtikar said.
Betting on Plasma’s stablecoin vision
Ebtikar said his conviction in Plasma grew after working closely with its founding team throughout 2024 and 2025.
Plasma is focused on building infrastructure for stablecoin settlement and global financial access. The platform raised $24 million in February last year from investors such as Framework Ventures, Bitfinex, Peter Thiel and Tether CEO Paolo Ardoino.
Related: Standard Chartered says faster stablecoin turnover could curb demand
As chief strategy officer at Plasma, Ebtikar will work across partnerships, growth and go-to-market efforts, as well as engage with investors and policymakers ahead of the rollout of Plasma One and ongoing ecosystem expansion.
He framed the move as part of a larger belief that crypto is entering a new phase defined less by speculation and more by building global financial systems.
“The last dance of crypto’s old era and the hope and deep belief that our work at Plasma can get us to a new golden age for our space,” Ebtikar said.
The Open Network (TON) Foundation, a nonprofit organization supporting the development of TON Blockchain, is partnering with SCRYPT, Switzerland’s largest stablecoin infrastructure partner, to provide businesses with institutional-grade infrastructure to access USDT on TON Blockchain.
TON operates within one of the largest distribution networks in the world, reaching more than 1 billion users through its integration with Telegram. The network now supports over 50 million wallets and continues to see growing activity across payments, trading, and digital commerce.
TON Foundation has selected SCRYPT as its institutional infrastructure partner to meet the increasing demand of stablecoins as the settlement layer of choice for global payments, ecosystem distribution, and treasury operations, with USDT emerging as a high throughput, low cost rail for stablecoin payments. SCRYPT will provide execution, settlement, and fiat access in a move that helps TON Foundation further position TON Blockchain as a scalable alternative to existing settlement networks.
SCRYPT, the operating system for digital assets, enables banks, fintechs, payment providers, and corporate treasuries to access USDT on TON through a single, Swiss-licensed regulated platform. This includes near-instant cross-border settlement, fiat conversions, and fully compliant 24/7 on/off ramps. Combining deep liquidity, proprietary technology, and Swiss regulatory oversight, SCRYPT enables institutional clients to move, convert, and settle USDT flows on TON Blockchain at scale.
Nikola Plecas, VP of Payments at TON Foundation, commented:
“We’ve put payments innovation at the centre of our strategy for growth this year. We believe this is a key area in demonstrating how blockchain can power real-world financial infrastructure beyond tokenisation. [….]This partnership enables that next phase, bringing more and more institutions into the TON ecosystem and making the global movement of money ever more decentralised and seamless.”
Gabriel Titopoulos, MD, Markets & Trading at SCRYPT, added:
“Stablecoin rails are becoming the settlement layer for global payments. This partnership enables banks, payment operators, fintechs, and corporate treasuries to access stablecoins on TON with the trusted digital asset infrastructure partner, handling execution, settlement, custody and fiat conversions at institutional scale.”
About SCRYPT
The Operating System for Digital Assets.
SCRYPT is what institutions run on to trade, settle, store, and manage digital assets. Since 2019, SCRYPT has operated as the trusted crypto partner for firms launching or scaling their digital asset strategy.
By combining deep market access, crypto-native expertise, and proprietary infrastructure, SCRYPT provides the liquidity, full-stack infrastructure, and regulated framework that banks, asset managers, fintechs, and payment providers need to trade, store, and manage digital assets – all through a single point of access.
Built for Scale. Licensed to Deliver.
To learn more about SCRYPT, visit: www.scrypt.swiss
About TON
TON Foundation is a non-profit organisation accelerating the growth of TON Ecosystem by funding and supporting developers, creators, and businesses building on TON Blockchain. Founded in Switzerland in 2023, the Foundation brings together global expertise to advance protocol development, foster ecosystem growth, and drive adoption through grants, technical resources,
and strategic partnerships. While it advocates for TON’s mission, the Foundation does not control the network. TON is fully open-source, community-driven, and free from central control.
To learn more, visit www.ton.foundation
The post TON Partners with SCRYPT to Enable Institutional Access to Stablecoins appeared first on BeInCrypto.
Digital asset manager Grayscale backed accelerated efforts to make public blockchains quantum-resistant in a new research note arguing the technical solutions already exist but the harder challenge is getting decentralized communities to agree on implementing them.
“Public blockchains do not have CTOs; they are global communities governed by consensus,” wrote Zach Pandl, Grayscale’s head of research. “The potential threat to digital security from quantum therefore presents both a challenge and an opportunity.”
The note follows a week of intensive industry response to Google Quantum AI’s paper, which found that breaking bitcoin’s elliptic curve cryptography would require fewer than 500,000 physical qubits, roughly a 20-fold reduction from previous estimates, and could be executed in approximately nine minutes once the machine is primed.
CoinDesk’s analysis of the paper found that the attack gives an attacker a roughly 41% chance of stealing funds before a bitcoin transaction confirms.
Pandl highlighted four takeaways from the Google research that Grayscale found persuasive. Progress toward a cryptographically relevant quantum computer may come in “discrete jumps” rather than linearly, making timelines unpredictable.
The technical solutions, specifically post-quantum cryptography, are mature and already securing internet traffic and certain blockchain transactions. Quantum risk varies significantly across blockchains depending on their transaction model, consensus mechanism, and block time.
From a pure engineering standpoint, Pandl argued bitcoin has lower quantum risk than other chains because it uses a UTXO model, proof-of-work consensus, no native smart contracts, and certain address types that are not quantum-vulnerable if not reused after spending.
The harder question is what to do about the roughly 6.9 million BTC sitting in wallets where public keys are already permanently exposed on the blockchain, including an estimated 1 million believed to belong to pseudonymous creator Satoshi Nakamoto.
Binance co-founder Changpeng Zhao raised the same question last week, saying that if Satoshi’s coins move during a migration “it means he is still around, which is interesting to know,” and that if they don’t move “it might be better to lock or effectively burn those addresses.”
Grayscale frames the options similarly — burn them, do nothing, or deliberately slow their release by limiting the rate of spending from vulnerable addresses — but noted that the bitcoin community has a history of contentious debates over protocol changes, pointing to last year’s dispute around image data stored in blocks.
The contrast with Ethereum is worth noting.
CoinDesk reported last week that Google’s paper identified five separate attack vectors against Ethereum worth over $100 billion in combined exposure, spanning account keys, admin keys on stablecoins, smart contract code, consensus mechanisms, and data availability.
Ethereum Foundation researcher Justin Drake, who co-authored the Google paper, estimated at least a 10% chance of a quantum key recovery by 2032. The foundation has been staking aggressively, putting $93 million of ether into validators in a single day last week, but has not publicly addressed quantum migration timelines.
Former Biden economic advisers Ryan Cummings and Jared Bernstein would have you believe the decline in bitcoin’s price from its 2025 peak somehow vindicates their administration’s approach to cryptocurrency. A masterclass in selective memory, their February 26 New York Times opinion piece omits the most consequential fact about Biden-era crypto policy: it was not a reasoned regulatory framework.
The authors credit the Biden administration with “increasingly aggressive regulatory efforts to curb scams and fraud.” This framing is extraordinary, given what happened on their watch. FTX grew to enormous scale during the Biden administration. Sam Bankman-Fried was a top Democratic donor and met with senior administration officials (including then-Securities and Exchange Commission Chair Gary Gensler) while running what became one of the largest financial frauds in history.
The administration’s strategy of regulation-by-enforcement, rather than establishing clear rules, had a perverse effect: legitimate, compliance-minded companies were driven offshore or out of business, consumers were harmed, and American innovation was stifled. Meanwhile, bad actors like Bankman-Fried (who knew how to play political games) thrived in the confusion. When you refuse to write clear rules, the only people who benefit are those who never intended to follow them.
The authors conveniently ignore one of the most troubling episodes of the Biden era: “Operation Choke Point 2.0.” Under pressure from federal regulators, banks systematically debanked lawful crypto businesses, cutting them off from the financial system without due process, formal rulemaking, or legislative authority. The debanking campaign swept up ordinary individuals and small businesses who had turned to crypto because the traditional banking system had long underserved them. The Biden administration’s approach cut consumers off from tools they were using to participate in the financial system, without putting a single policy through the democratic process of notice-and-comment rulemaking.
The authors dismiss crypto as a “painfully slow and expensive database” with “almost no practical use.” They acknowledge in passing that crypto is used to wire money
internationally, but wave this away as though enabling fast, low-cost cross-border remittances for millions of people is a trivial achievement.
It is not. Global remittance fees average nearly 6.5%, costing migrant workers and their families billions of dollars each year. Stablecoins running on blockchain networks can execute the same transfers in minutes for a fraction of the cost. This is an immediate, material financial improvement for families in developing countries. The Biden economists sat in “dozens of meetings” and apparently came away unimpressed. One wonders whether they spoke to any of the people these tools serve.
Beyond remittances, blockchain technology underpins a rapidly growing ecosystem of financial applications. Fidelity, JPMorgan, BlackRock, BNY Mellon, Morgan Stanley, Visa, Mastercard, Meta, Stripe, Block Inc. and Franklin Templeton are actively building on blockchain infrastructure. The Biden economists’ claim that no “giant tech firms” are using this technology is flatly wrong.
The op-ed’s news hook is bitcoin’s price decline. Using short-term price movements to condemn an entire asset class is analytically unserious. Amazon’s stock fell 94 percent from its peak during the dotcom bust. By the Cummings-Bernstein standard, it should have been written off as “fundamentally worthless.” Volatility is a feature of nascent markets, not proof of worthlessness.
Moreover, it labels the Bitcoin network as “slow.” What it lacks in speed it makes up for in security – a quality that should be of the utmost importance to regulators. Outsiders or intermediaries cannot veto or reverse transactions between peers, unilaterally confiscate user funds, or tamper with its distributed ledger. That’s why it’s used worldwide in areas where regular citizens are targeted by their governments. Meanwhile, other blockchains enable payments at breakneck speed.
The authors repeatedly invoke the straw man of a taxpayer-funded bailout of the crypto industry. No serious policymaker (or crypto participant) has proposed anything of the sort. The stablecoin legislation Cummings and Bernstein reference creates fully reserved payment instruments that are overcollateralized with the most liquid government bonds on Earth. The Trump administration’s bitcoin reserve proposal involves no new taxpayer expenditure.
Meanwhile, when Silicon Valley Bank collapsed in 2023, the Biden administration authorized extraordinary measures to guarantee all deposits. Their concern about moral hazard was seemingly highly selective.
The op-ed devotes considerable space to crypto industry political donations, implying corruption. The suggestion that an industry advocating for favorable regulation through political participation is inherently corrupt would indict virtually every sector of the American economy. Denied a fair hearing by regulators, the crypto industry turned to the political process as a last resort – a cornerstone of American democracy. If political spending is problematic, the authors might start by examining their own side of the aisle during the Biden Administration, when Bankman-Fried overwhelmingly gave to Democrats.
The Biden administration had a historic opportunity to establish the United States as the global leader in digital asset regulation: to write clear, fair rules that would protect consumers while allowing innovation to flourish on American soil. Instead, it chose to weaponize the banking system against a legal industry, creating a lose-lose-lose for innovation, consumer protection and the U.S. crypto ecosystem.
Cummings and Bernstein write that crypto’s boosters “have run out of excuses.” On the contrary, it is the Biden administration’s crypto haters who owe the public an explanation.
Americans reported $11.4 billion in losses tied to cryptocurrency scams last year, 22% more than in 2024, highlighting the growing scale of digital asset fraud, an FBI report revealed Tuesday.
“Cryptocurrency investment scams are sophisticated long-term scams using psychological manipulation, the appearance of legitimacy, and exploitation of cryptocurrencies to deceive victims into investing large sums of money,” the report said.
The report also said that most crypto scams are perpetrated by organized criminal enterprises based in Southeast Asia that exploit victims of human trafficking as forced labor to run the operations.
Crypto analytics firm Chainalysis released a report in January revealing that as much as $17 billion in crypto was lost worldwide to scams and frauds in 2025. Impersonation, crypto exchange impostors and AI-generated scams against individuals were gradually surpassing losses to cyber-attacks as the leading methods criminals were using to steal digital assets, according to the Crypto Crime Report.
The FBI noted in its report that the number of victims increased significantly. In 2025, there were 181,565 complaints involving cryptocurrency, a 21% increase. The average damage per case was $62,604, highlighting how victims are often drawn into schemes that extract substantial amounts rather than small sums, the bureau said.
Losses are also heavily concentrated. Nearly 18,600 complainants each lost more than $100,000, suggesting many victims are losing life-changing amounts, including savings and retirement funds.
More broadly, crypto scams now sit at the center of a wider surge in online fraud. Americans filed more than 1 million cybercrime complaints in 2025, with losses exceeding $20.8 billion. Fraud and scams accounted for the overwhelming majority of those losses, reflecting what the FBI describes as a rapidly evolving threat landscape.
Security researcher Taylor Monahan claims North Korean IT workers have infiltrated more than 40 decentralized finance platforms, with the $280 million Drift Protocol exploit last week being the latest operation tied to the network.
Security researcher Taylor Monahan disclosed Sunday that North Korean agents have been embedded inside more than 40 decentralized finance platforms for nearly a decade. The claim connects the $280 million Drift Protocol exploit last week to a broader network of North Korean IT workers operating inside some of crypto’s largest projects. Monahan attributed the coordinated operations to what security researchers have linked to the Lazarus Group, a state-sponsored hacking organization.
The revelation indicates a sustained infiltration campaign targeting DeFi infrastructure rather than isolated attacks. According to NCC Group research cited in reporting on the matter, similar attack patterns have been attributed to North Korean threat actors operating against the crypto sector for more than a decade. The discovery raises questions about operational security practices across major DeFi protocols and the extent of undetected compromises within the ecosystem.
Sources: Taylor Monahan (@tayvano_) on X | Bitcoinist | NCC Group Research
This article was generated automatically by The Defiant’s AI news system from publicly available sources.
Crypto World
24 Hours Left: Here’s Why Ethereum & Bitcoin Cash Holders are Pivoting to BlockDAG Before April 8
Current markets are flashing contrasting signs. The Ethereum foundation recently locked away 15,000 ETH using specific, steady batches, a move signaling deep institutional faith rather than random noise. Meanwhile, Bitcoin Cash dipped over 6% following heavy whale selling, forcing Bitcoin Cash price prediction experts to frantically revise their support zones. Both events demand close attention.
However, no current market event rivals the opportunity BlockDAG (BDAG) is presenting for a few remaining days. With 300,000+ transactions finished, nearly 2 billion tokens committed to staking, and 100+ active smart contracts live, the momentum is undeniable.
A limited buying window at $0.000016 remains available even as the market value hits $0.40. This isn’t a mistake. This massive valuation gap is tangible, and it vanishes forever on April 8. No second chances exist.
Ethereum Foundation Commits 46M to Bolster Network Integrity
By staking 15,000 ETH in 32-ETH chunks, the Ethereum Foundation has initiated its biggest on-chain move yet. This $46.2 million shift turns stagnant treasury assets into active revenue for ecosystem development grants. Blockchain records reveal the funds originated from the “0xde0” address, which maintains over 270,000 ETH. This indicates a major pivot in how Ethereum manages its capital.
Recent Ethereum news emphasizes that staking fortifies the Beacon Chain, enhancing safety while creating consistent yield. By locking these assets, the foundation connects its own goals with those of the users and the protocol itself. Industry experts view this as high-level institutional involvement.
Analysts monitoring Ethereum news observe that these rhythmic, smaller transfers help mitigate operational hazards. Ultimately, this reflects the organization’s enduring dedication. Current Ethereum news suggests the network is entering a fresh era of expansion.
Bitcoin Cash Faces Volatility Following Major Whale Offloading
As a prominent Bitcoin fork, Bitcoin Cash (BCH) is recognized for swift transactions and minimal costs, functioning as a practical digital asset. Its worth relies on usage, rivalry, tech upgrades, laws, global economic shifts, and trader feelings. Experts frequently utilize Bitcoin Cash price prediction to estimate its growth path, weighing both optimistic and pessimistic market environments.
BCH recently slipped 6.19% to $452.76 after massive whale sales triggered forced liquidations. Even so, its efficiency and purpose keep it significant. Participants are tracking usage data and technical progress to refine their Bitcoin Cash price prediction.
Long-term outlooks evaluate the coin’s potential to hit new peaks, ensuring Bitcoin Cash price prediction remains a vital tool for active market participants.
Secure BlockDAG at $0.000016 Before the Window Slams Shut
Finding the best crypto to buy right now usually involves staring at charts and predicting the future. With BlockDAG, the existing infrastructure proves the point. Millions of blocks are finished. Over 300,000 transactions are done. More than 100 smart contracts are currently operational.
With nearly 2 billion tokens staked and weekly payouts active, this project isn’t asking for belief. It is providing proof, and buyers are flocking to that transparency.The followers created something functional before the valuation soared. Then, the price climbed.
That sequence is vital because it proves the core was solid before the crowd arrived. Real utility led the way, not speculation.The countdown has started. A special entry at $0.000016 is active, sitting significantly under the $0.40 exchange rate. This offer expires April 8.
After that, this price point disappears forever. The public market takes control, and anyone seeking BDAG after April 8 must pay the going rate. There is no middle ground.
A $1 price target is being widely discussed, and at $0.40, that goal seems logical given the established tech. At $0.000016, however, the potential is on another level. Early backers are holding assets that have already gained massive value. New exchange debuts are still pending. April 8 concludes this phase permanently. The only uncertainty is where you will stand once that deadline passes.
Final Thoughts
This week’s Ethereum news highlighted major institutional backing, while Bitcoin Cash price prediction models are being adjusted following significant whale-induced dips. Both stories remain essential for digital asset followers.
Then there is BlockDAG. The tech is ready and running. The users, the activity, and the rewards are established. None of this is just a theory anymore. The only remaining question is whether one takes action before April 8 or remains a spectator.
A $0.000016 price compared to a $0.40 market value is a rare opportunity that people often regret missing. This chance is still here, and it is real. April 8 is final. For those seeking the best crypto to buy right now, the ticking clock is the most persuasive factor.
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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