Crypto World
MegaETH Sets April 30 Token Launch Date After Completing First KPI Milestone
TLDR:
- MegaETH triggered a seven-day TGE countdown after 10 Mega Mafia apps met its first KPI requirement.
- Each qualifying app had to record over 100,000 transactions in 30 days, proving real user activity on-chain.
- 53.3% of MEGA’s total supply will be distributed as staking rewards tied to four measurable KPI goals.
- Backers include Kraken Ventures, Wintermute, Vitalik Buterin, and Kain Warwick, supporting the Mega Mafia program.
MegaETH is on track for its token generation event on April 30, 2026. The network confirmed that 10 Mega Mafia applications are now live, triggering a seven-day countdown.
This milestone marks the completion of the first key performance indicator in the project’s KPI-based release schedule.
The development positions MegaETH as one of the few blockchain networks tying token emissions directly to measurable ecosystem growth.
MegaETH Links MEGA Token Release to Performance Metrics
MegaETH structured its token distribution around four top-line KPI goals rather than a fixed unlock calendar. Under this model, 53.3% of the total MEGA supply will be released as staking rewards tied to those targets.
This approach separates the project from many blockchain launches that rely on time-based vesting schedules alone.
Following the first milestone confirmation, MegaETH officially announced the token generation date on X:
Co-founder Shuyao Kong stated the team wanted the MEGA token to act as an accelerant for the ecosystem. She noted the launch date is not arbitrary but tied to real network performance metrics.
Kong added the next phase is about whether the system can sustain and expand after years of building infrastructure.
Beyond the 10 live apps, MegaETH has outlined additional KPI requirements for further token releases. At least three MegaETH apps must generate $50,000 or more in daily fees for 30 consecutive days.
Additionally, USDM, the network’s native stablecoin, must reach specific growth targets to unlock further emissions.
Mega Mafia Apps Must Meet Strict On-Chain Activity Standards
The 10 qualifying applications were not counted based on launch status alone. Each app had to demonstrate a functioning core loop supported by real, traceable user activity.
Furthermore, every qualifying app was required to generate more than 100,000 total transactions over 30 days.
MegaETH has incubated roughly 30 applications through the Mega Mafia program to date. The initiative received financial backing from firms including Anagram, GSR, Kraken Ventures, Maven11, Robot Ventures, and Wintermute.
Angel investors such as Vitalik Buterin and Kain Warwick also participated in supporting those early-stage projects.
Among the live ecosystem apps currently listed on MegaETH’s website are CAP, Avon, and Euphoria. These projects are actively building on the chain’s underlying infrastructure.
Together, they represent the growing base of applications that met the network’s strict activity standards ahead of the April 30 token launch.
Senator Cynthia Lummis endorsed Admiral Samuel Paparo’s case for Bitcoin (BTC) as a national security tool, calling on Congress to pass the Clarity Act.
Lummis responded to Paparo’s April 21 Senate Armed Services Committee testimony, where the Indo-Pacific Command chief described proof-of-work as a means of American power projection.
Lummis Calls for Clarity Act After Paparo Hearing
In a post on X (Twitter), the Wyoming senator said she was “incredibly impressed” by Paparo’s foresight and his use of BTC for national security.
“We’re watching digital assets integrate into global power infrastructure. It’s time we welcome them back on our soil. Pass the Clarity Act, secure America’s future,” wrote Lummis in the post.
Her remarks arrive as the Clarity Act faces a critical deadline. Lummis previously warned that the Senate Banking Committee must advance the bill by April 25 or risk losing it until 2030.
Proof-of-Work as a Cyber Defense Layer
During his testimony, Paparo told senators that INDOPACOM runs a live Bitcoin node and is actively testing the protocol for military network security.
He stated that proof-of-work protocols “impose more cost” on adversaries than traditional algorithmic network defenses alone.
The testimony aligns with a broader push from military and policy figures who view BTC’s energy-intensive mining process as a deterrent against cyberattacks.
Treasury Secretary Scott Bessent has separately framed the Clarity Act as a national security priority.
Meanwhile, the crypto industry continues to ramp up pressure on the US Senate Banking Committee, urging them to move forward with a Clarity Act markup.
Today, the Blockchain Association and the Crypto Council for Innovation, alongside a broad coalition of over 120 organizations from across the digital asset ecosystem, urged the Senate Banking Committee to move forward with a markup on market structure legislation.
“Years of bipartisan work have brought Congress to an important moment. The U.S. needs clear, durable rules that protect consumers, provide certainty, and reinforce American leadership in digital asset innovation,” the Blockchain Association shared in a post.
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The post Senator Lummis Backs Bitcoin for US Cyber Defense After Admiral Paparo Testimony appeared first on BeInCrypto.
In a fresh disclosure to the U.S. Federal Election Commission, Fellowship PAC—the crypto-aligned political action committee led by Bo Hines, the head of government affairs for Tether US—reported spending more than $3 million on advertising tied to U.S. Senate and House races. The majority of the outlay appears aimed at backing a Texas Republican candidate in a runoff that could shape the GOP’s midterm strategy.
According to the FEC filing, Fellowship disclosed $1.75 million backing Texas Attorney General Ken Paxton, who is contending with incumbent Sen. John Cornyn in a May 26 runoff to determine the Republican nominee for the 2026 Senate race. The committee also reported advertising spend of $350,000 for Mike Collins in Georgia’s Senate race, $350,000 for Barry Moore in Alabama’s Senate race, and either $250,000 for Blake Miguez or $350,000 for Julia Letlow in Louisiana races, with all purchases routed through the Nxum Group. The marketing firm is co-founded by Bo Hines, described as a former White House crypto adviser and the CEO of Tether US.
The Fellowship PAC’s filing underscores a broader pattern in which crypto-aligned political committees seek to shape messaging and candidate support through targeted media buys. Fellowship launched last September, claiming to have more than $100 million from undisclosed investors aligned with the crypto industry. While the PAC has since reported $11 million in contributions to the FEC, public records to date do not show other backers publicly tied to crypto in the filings. The balance of funding and the ultimate sources remain unclear, a detail that has become a point of scrutiny as crypto-faithful donors pursue influence ahead of the 2026 midterms. For reference, coverage from Cointelegraph noted the $11 million in reported contributions and the lack of corroborating backers in other filings.
Beyond Fellowship, other crypto-connected political committees, such as Fairshake, are active in mobilizing voters through media campaigns in 2024 and anticipated activity in 2026. Analysts note that the spending cadence and donor profiles could offer a window into how crypto interests seek to shape public policy and the regulatory environment as the political cycle intensifies.
Kalshi penalties highlight ethics in prediction-market activity
As primaries advance and general elections loom, participants in prediction markets have increasingly intersected with political campaigns—sometimes triggering compliance actions. Kalshi, the regulated prediction-market platform, announced penalties and restrictions on three candidates in Minnesota, Texas and Virginia after they placed bets related to their own races. In the Texas case, Ezekiel Enriquez reportedly purchased less than $100 worth of contracts tied to his candidacy for Texas’ 21st Congressional District. Kalshi described the settlement as imposing a five-year suspension from direct or indirect access to Kalshi and a financial penalty of $784.20.
The enforcement move, including the public settlement notice on Kalshi’s site, underscores the ongoing tension between candidate involvement in prediction markets and established rules around insider trading and conflicts of interest. The settlement notice linked to Enriquez’s case provides a concrete example of how regulators and platforms are policing self-betting and related activities in the growing ecosystem of crypto-adjacent markets.
These developments arrive at a moment when political actors are increasingly engaging with crypto-native funds, media campaigns, and prediction-market platforms to influence electoral outcomes. The frontier between fundraising, political advocacy, and market-based engagement remains murky, inviting closer regulatory scrutiny and greater transparency for all participants.
As the 2026 midterm cycle unfolds, observers will be watching not only which candidates gain the party’s nomination but also how crypto-linked money flows, PAC disclosures, and market-based political tools evolve under tightening governance and potential legislative changes. The next disclosures from Fellowship and related entities will help clarify the scale of crypto-backed political activity and its implications for investors, voters, and policymakers alike.
Sources: Federal Election Commission filings cited by Fellowship PAC; note on the Kalshi settlement from Kalshi’s regulatory notices, including the Enriquez case and the linked settlement document.
Flying Tulip, a decentralized finance (DeFi) platform founded by DeFi developer Andre Cronje, has added a circuit breaker that can delay or queue withdrawals during abnormal outflows, as April DeFi losses climbed amid a string of major exploits.
According to Flying Tulip’s documentation, the mechanism is designed to slow funds leaving the protocol if outflow capacity is exceeded, giving the team time to investigate suspicious activity and limiting how much an attacker could drain in a worst-case scenario.
Flying Tulip said the circuit breaker works differently across products. In the first version of the circuit breaker, used in its Perpetual PUT product, withdrawals can revert and users must retry later. In the second version, used in Flying Tulip’s stable asset and settlement currency, ftUSD, withdrawals are queued and become claimable after a delay instead of being rejected outright.
Flying Tulip said the circuit breaker is built with a “fail-open” design, meaning transactions would still be allowed if the safety mechanism itself were to malfunction. The platform said users can track the feature through a dedicated status page.
The design adds a new layer of protection for the DeFi platform as recent industry exploits exposed risks that extend beyond smart contract code.
Circuit breaker definition. Source: Flying Tulip
Recent exploits put broader security failures in focus
The added attention to outflow controls comes as recent exploits underscored vulnerabilities tied to signers, infrastructure and collateral design rather than only smart contract bugs.
Amir Hajian, a digital assets researcher at trading firm Keyrock, said the biggest failures in April were increasingly linked to operational and infrastructure weaknesses, including compromised multisigs, configuration flaws and key leaks.
The new mechanism deployed by Flying Tulip is designed to slow abnormal outflows and give the protocol time to respond when losses stem from failures outside of the smart contract itself.
Related: Phishing, deepfakes, supply chain attacks to fuel 2026’s biggest crypto hacks: CertiK
Hajian highlighted April’s DeFi losses, which reached over $600 million in the first 18 days of the month, with two incidents accounting for 95% of the damage.
On April 2, Solana-based decentralized exchange Drift Protocol suffered an exploit, with estimated losses at about $280 million. On April 19, liquid restaking platform Kelp was exploited for about $293 million, prompting lending protocol Aave to freeze rsETH markets on V3 and V4.
Magazine: 53 DeFi projects infiltrated, 50M NEO tokens could be ‘given back’: Asia Express
The wallet linked to the Kelp DAO exploit appears to have laundered most of the $175 million worth of stolen Ether, while another $71 million remains frozen by Arbitrum’s security council.
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The deployment of 10 Mega Mafia apps satisfies the first of three performance triggers tied to the long-awaited token launch.
Ethereum Layer 2 blockchain MegaETH has cleared the first of its three self-imposed performance hurdles and scheduled the token generation event (TGE) for its native MEGA token for April 30.
According to MegaETH’s Road to TGE dashboard, all 10 Mega Mafia applications required under KPI-2 are now fully deployed on mainnet. These include stablecoin payments protocol Cap, DEX Kumbaya, onchain game Showdown, lending market Avon, decentralized telecom protocol Ubitel, World, Stomp, HitOne, Nectar AI, and yield tokenization platform Brix.
The milestone triggers a seven-day countdown to MEGA’s launch, the team confirmed on X, ending a stretch of uncertainty that began when MegaETH went live in February without a fixed token launch date, instead tying issuance to three on-chain milestones: a $500 million circulating supply of its native USDM stablecoin with at least 25% deposited into smart contracts, 10 deployed Mafia apps with verified contracts and functioning core loops, or three apps generating $50,000 in daily fees for 30 consecutive days. Per the network’s TGE FAQ, only one KPI needs to be hit to start the seven-day clock.
As The Defiant previously reported, none of those conditions were close to being met in the immediate weeks following the mainnet launch, with the Mafia apps counter sitting at 5 of 10 a week after launch.
MegaETH’s public KPI dashboard shows that USDM circulation currently sits at $62.9 million, or roughly 13% of the $500 million target. The daily fees KPI also remains untriggered.
Tokenomics and Unlocks
MEGA’s total supply is fixed at 10 billion tokens, per the MEGA MiCA Whitepaper. Of that, 53.3% will be released over time as staking rewards tied to four topline KPI goals, 5% was offered in a public Sonar-based token auction, 7.5% was earmarked for an ecosystem and foundation reserve, 9.5% will vest for the team and advisors, and 14.7% was allocated to early investors.
Unlock terms vary by cohort. Echo round investors will see 20% unlocked at TGE, then a one-year cliff followed by a three-year vest, while Fluffle NFT holders unlock 50% at TGE with a six-month linear vest for the remainder. Sonar participants either unlock fully at TGE or accept a one-year lock in exchange for a discount.
The October Sonar auction drew $1.39 billion in commitments for a $50 million allocation, making it one of the most oversubscribed token sales of the cycle. A subsequent USDM pre-deposit bridge campaign was refunded after a multisig misstep in late November.
Once live, MEGA will function as the bidding currency for MegaETH’s proximity markets, where market makers and applications pay to colocate near the sequencer for sub-millisecond latency. The MegaETH Foundation has also committed to using USDM yield to accumulate MEGA tokens through ongoing buybacks.
MEGA premarket perpetuals on Hyperliquid have been trading in the $1.5 billion to $2 billion implied valuation range in recent days, well below the pre-launch peak above $6 billion recorded last October.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
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BNB Price Prediction Steady at $634 After Osaka Hard Fork Sets April 28 Deadline. Where Does Pepeto Fit?
The BNB price prediction gained fresh momentum on April 22 after Yahoo Finance reported BNB Chain’s sector adding 3.8% to its market cap in a single week, with BNB climbing 4.2% to $634. Node operators must upgrade before the Osaka and Mendel hard fork on April 28, a move that positions BNB Chain as the fastest EVM-compatible network in 2026.
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BNB Chain Hard Fork Targets April 28 as Network Speed and Stablecoin Volume Keep Rising
BNB Chain announced the Osaka and Mendel hard fork for April 28, requiring node operators to upgrade before the cutoff per Yahoo Finance. The upgrade builds on January’s Fermi release that pushed block time to 0.45 seconds. BNB Chain handles around 40% of all stablecoin transfers on any network.
Bitcoin reclaimed $78,000 this week and the CMC Fear and Greed Index hit 63 for the first time in six months. BNB held firm, adding 4.2% while altcoins followed. But an $86 billion cap limits the returns that change portfolios. Pepeto at presale pricing offers the early exchange-token math that BNB carried at $0.15 in 2017.
BNB Price Prediction Compared: BNB, Solana, and the Presale Opportunity Pepeto
Pepeto: The Exchange Token Loading Live Tools Ahead of Binance Listing
Pepeto runs a working zero-fee exchange connecting Ethereum, BNB Chain, and Solana, removing gas costs and failed fills that drain DeFi wallets daily. A cross-chain bridge shifts assets without charging fees, and a live AI scanner flags risky contracts before a wallet signs. The Pepe cofounder who built a project to a $7 billion cap leads this team, a former Binance executive manages delivery, and SolidProof cleared every contract line.
Each trade, bridge transfer, and scan routes value through the Pepeto token, creating the same token-level demand engine that took BNB from $0.15 at ICO to $634. Over $9.45 million is in at $0.0000001866, staking runs at 178% APY, and the Binance listing sits directly ahead.
A $2,000 entry at $0.0000001866 buys over 10.7 billion Pepeto tokens. Analyst desks project 100x once the first exchange trade prints, turning $2,000 into $200,000 the moment listing volume confirms the target.
The math is simple and the window is short. Every presale stage that closes pushes the price higher, and the day Binance opens the order book, no wallet on earth can buy at this level again. BNB proved what exchange tokens do when the product works. Pepeto follows that path at a lower starting price than BNB ever carried.
BNB Price at $634 as Osaka Hard Fork Deadline Hits April 28
BNB (BNB) trades at $634 per CoinMarketCap, down 1.4% on the day with support holding at $615 and resistance at $650.
MEXC analysts target $665 by late April if the hard fork lands clean, and Binance user consensus points to $803 for 2026. The October 2025 all-time high of $1,375 sits 114% above the current price, solid for a large cap but far from the multiple that presale entries deliver at listing.
Solana (SOL) Price at $85 as Daily Users Hold Above 6 Million
Solana (SOL) sits at $85 per Coinbase, holding steady as daily active addresses stay above 6.3 million. Standard Chartered keeps $250 as its 2026 target, roughly 2.9x from current levels. Putting $1,000 into Solana at $85 buys 11 tokens, while $1,000 into Pepeto at $0.0000001866 secures over five billion tokens before listing day.
Conclusion:
The BNB price prediction keeps $800 and beyond on the table for 2026, and the Osaka hard fork on April 28 sets the next technical step. But 114% to ATH from an $86 billion cap is a different trade than catching an exchange token at presale before its first listing.
Pepeto sits at $0.0000001866 with $9.45 million raised, 178% APY staking live, and a confirmed Binance listing weeks away. One wallet that put $500 into BNB at $0.15 in 2017 held over $2 million by the 2025 high. Pepeto carries the same structure at a lower entry. The presale closes, the listing opens, and $2,000 today turns into $200,000 the moment the 100x target lands. Visiting Pepeto official website before the ticker goes live is how those positions are built.
Click To Visit Pepeto Website
FAQs
What is the BNB price prediction after the Osaka hard fork on April 28?
The BNB price prediction targets $665 to $803 for 2026 as the Osaka hard fork cuts block time and BNB holds $634 with support at $615. The October 2025 all-time high of $1,375 sits 114% above current levels.
Why is Pepeto drawing attention alongside BNB in April 2026?
Pepeto is drawing attention because it pairs a working zero-fee exchange with presale pricing at $0.0000001866 and 178% APY staking, giving buyers 100x potential before the confirmed Binance listing opens.
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.
Cryptocurrency exchange OKX is accelerating its push into the United States by rolling out off-exchange settlement for its US institutional clients.
OKX has integrated the Off-Exchange Settlement (OES) platform by publicly listed digital asset custodian BitGo, the company said Thursday in an announcement shared with Cointelegraph.
The integration enables institutional clients to trade on OKX while keeping assets secured in BitGo’s cold custody, aiming to eliminate pre-funding requirements and improve capital efficiency.
“Institutional capital entering crypto requires capital to be protected and to be put to work,” OKX US CEO Roshan Robert told Cointelegraph. “Our proprietary custody infrastructure has been proven at scale, and our partnership with BitGo gives clients flexibility in how they protect assets while freeing capital to work harder,” he said.
The development marks a broader industry push to improve security and liquidity access by raising custody standards and securing partnerships with major custodians.
OKX’s first US steps after ICE took stake in the exchange
The integration with BitGo is among OKX’s first US institutional infrastructure steps since Intercontinental Exchange invested in the company at a $25 billion valuation in early March, with ICE executives taking a board seat at the exchange.
OKX Global CEO Star Xu then said the partnership would shape the platform’s approach to the US, adding that the company viewed its local presence as a “blank sheet of paper.”
The investment came about a year after OKX officially reentered the US in April 2025, alongside the appointment of former Barclays director Roshan Robert as its US CEO.
Related: BitMEX taps Zodia custody as exchanges tighten post-FTX safeguards
Addressing the BitGo integration, Xu emphasized that safeguarding customer assets has always been a foundation to OKX. “At the same time, we’ve expanded our custody partnerships with trusted leaders like BitGo to give clients greater flexibility and choice in how they secure their assets,” he added.
BitGo has disclosed risks tied to its off-exchange settlement platform
BitGo has operated its off-exchange settlement platform for at least a couple of years, acting as custodian and settlement facilitator for digital asset transactions executed on third-party exchanges.
Despite the operational efficiencies provided by its OES platform, BitGo said it still faces multiple categories of risk, including operational, regulatory and counterparty risks.
“Operational risks associated with our OES services include potential errors in processing trade data, delays or failures in asset transfers, employee or insider misconduct, cybersecurity incidents, technological disruptions and reconciliation errors,” the company said in its IPO filing in January.
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MoonPay has launched fiat-to-stablecoin virtual accounts in New York, allowing businesses to convert incoming funds from bank rails such as ACH and SWIFT into stablecoins and settle them directly to non-custodial wallets through a single API.
The product is underpinned by technology provider Iron and allows platforms to issue named, dedicated accounts that receive fiat and automatically convert it into stablecoins, enabling payment, trading and treasury flows without relying on prefunded balances or multiple intermediaries.
The rollout in New York follows MoonPay’s acquisition of Iron in 2025 and builds on integrations with platforms including Deel and Paysafe, extending its stablecoin infrastructure across payroll and payments networks, according to Thursday’s announcement.
MoonPay said it obtained a BitLicense, money transmitter licenses and a New York limited purpose trust charter from the New York State Department of Financial Services in 2025, allowing it to offer the service in one of the most tightly regulated crypto markets.
Source: MoonPay
The company said the accounts enable faster settlement and programmable payments by linking traditional banking rails with blockchain-based infrastructure through a single integration.
Max von Wallenberg, CEO of Iron, told Cointelegraph that launching in New York allows the company to target institutional clients operating in one of the most tightly regulated financial hubs. He said:
New York is the center of global finance — where the largest banks, asset managers and enterprises operate… Being able to operate here signals we meet the highest regulatory and operational standards.
He added that demand for the product in other jurisdictions has been driven by enterprise use cases including payroll, treasury management and cross-border payments, as well as tokenized real-world asset issuers that require fiat-to-stablecoin settlement flows.
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Stablecoins reduce reliance on prefunded accounts
Major payment companies and fintechs are increasingly integrating stablecoins into payment infrastructure to streamline cross-border transactions and reduce reliance on prefunded accounts.
On Tuesday, Singapore fintech Nium integrated USDC payments through Coinbase, allowing businesses to send, receive and convert stablecoins to fiat across more than 190 countries through a single platform.
The setup enables companies to fund cross-border payouts on demand using stablecoins and settle in either digital assets or local currencies, reducing the need to prefund accounts across multiple jurisdictions and streamlining global payment flows.
Card networks are also expanding stablecoin-linked payment infrastructure. In March, Visa and Stripe-owned Bridge rolled out stablecoin-linked cards across more than 100 countries and are testing onchain settlement that would allow transactions to be settled in digital assets rather than fiat. As of December 2025, Visa’s annualized stablecoin settlement run rate reached $4.6 billion, according to a company spokesperson.
Mastercard has also moved to expand its stablecoin capabilities, agreeing to acquire BVNK in a deal valued at up to $1.8 billion. The acquisition is aimed at strengthening its ability to connect traditional payment rails with blockchain-based transactions, supporting use cases including cross-border payments and business payouts.
The total stablecoin market capitalization stands at about $320 billion, according to DefiLlama data.
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