Crypto Industry News & Market Trends

Mind Reading: Southern Charm’s Craig Conover On Rising Above Bullying, Chasing Happiness

When you sign up for a role on reality television, you sign up for your share of public scrutiny. Craig Conover, a staple on Bravo‘s since the series launched in 2014, is no exception. What’s different for Conover, says the Charleston, S.C.-based founder of lifestyle brand Sewing Down South, is that the online vitriol pales in comparison to the bullying he experienced as a child. And that has made all the difference for him.　　“The good thing is they could never do anything to me on TV or social media that would ever touch what they did back then,” Conover says, sharing that when he signed his first contract for the Bravo series at age 24, some of those demons from his past were still in his head. “Ten years later and I was still thinking about it. Its crazy how long bullying stays with you. And one of my biggest goals on TV is to touch on this.”　　Growing up with tics and routines that sometimes made for an hours-long bedtime regimen brought its share of torment, from the elementary school bus to the high school soccer field.　　“The style of bullying I‘d deal with regularly is a ’friend‘ who would sit

04-29Industry

Injective Approves Mainnet Upgrade to Boost $INJ Utility

The community of Injective, an L1 blockchain for DeFi, has formally authorized the proposal for the mainnet upgrade. This marks a key landmark for the blockchain ecosystem. As per Injectives official social media announcement, the community has approved the upgrade that is set to go live on the 28th of April. Particularly, the upgrade focuses on optimizing technical performance, bolstering $INJ buybacks, and improving on-chain modules.　　The Injective mainnet upgrade proposal has officially been approved.　　The upgrade is set to optimize technical performance across the network while also enhancing Injectives onchain modules and $INJ token buybacks.　　Injective Set to Advance $INJ Buybacks and Network Scalability with Mainnet Upgrade　　The community approval for Injective‘s new mainnet upgrade denotes the platform’s commitment to long-term network growth and continuous innovation. The move also underscores a solid community consensus, presenting the forward-looking vision and collaborative governance. The upgrade unveils many technical improvements to strengthen scalability and efficiency within the Injective network.　　By advancing primary modules, the platform will provide rapid transfer speeds and enhanced reliability for users and developers alike. Additionally, the upgrade fortifies the $INJ buyback framework of Injective, supporting long-term value generation and the deflationary model of Injective. Thus, these improvements are poised to attract more institutional

04-29Industry

Ripple’s Corporate Treasury Will Boost Companies’ Bottom Lines

An analyst has highlighted the potential benefits of the Ripple corporate treasury.The Ripple corporate treasury will enable more flexible settlement for companies.Ripple launched its corporate treasury building on the acquired GTreasury in 2025.　　Video game designer Chad Steingraber has highlighted the viability of the Ripple corporate treasury and its potential benefits for organizations. In his latest post on X, Steingraber stated that corporate treasuries often act as internal banks, centralizing financial activities to boost companies bottom lines.　　Fueling the Smooth-Running of Organizations　　Steingraber described corporate treasury as a solution that fuels the smooth running of organizations, mostly with employees not knowing about it. He further noted that, unlike the traditional entities, Ripples corporate treasury runs differently. According to him, it could reduce the employee settlement period from as long as two weeks to daily payment.　　Typically, corporate treasuries centralize cash, liquidity, and risk management to optimize company finances. Steingraber highlighted improved systems that Ripple offers, enabling real-time digital asset settlement. It covers several functions, including cash monitoring, cross-currency liquidity optimization, risk mitigation, real-time visibility, forecasting, and automation to boost efficiency and bottom-line results.　　Ripples Month-Old Product　　Nearly one month ago, Ripple launched its first treasury management system offering digital asset capabilities. The fintech firm stated that

04-29Industry

FCC launches review of Disney broadcast licenses years ahead of schedule

The Federal Communications Commission is seeking an early review of broadcast station licenses following concerns around the companys diversity, equity and inclusion efforts, according to a letter from FCC Chairman Brendan Carr Tuesday.　　The letter orders the company to file for early renewal for ABC-owned television stations. The letter noted the action is related to the investigation into Disneys DEI efforts, which began last year.　　ABC-owned station licenses were originally up for renewal between 2028 and 2031.　　Disney confirmed on Tuesday that it received the FCCs order initiating an accelerated review of its licenses. The FCC said in the letter Disney now has 30 days — or until May 28 — to file for the renewals.　　“ABC and its stations have a long record of operating in full compliance with FCC rules and serving their local communities with trusted news, emergency information, and public‑interest programming,” Disney said in a statement. “We are confident that record demonstrates our continued qualifications as licensees under the Communications Act and the First Amendment and are prepared to show that through the appropriate legal channels. Our focus remains, as always, on serving viewers in the local communities where our stations operate.”　　Since beginning its investigation last March, the FCC said

04-29Industry

DeFi United Outlines Technical Path To Make Kelps rsETH Whole

The coalition has secured ETH commitments to refill the bridge in tranches and will use Aave and Compound governance proposals to liquidate the exploiters remaining positions.　　DeFi United, a coalition of decentralized finance (DeFi) ecosystem participants, on Tuesday published the technical implementation plan to restore the backing of Kelp DAOs rsETH and recover roughly 107,000 tokens still controlled by the exploiter.　　The exploit targeted rsETHs LayerZero-powered bridge on the Unichain to Ethereum route, where a forged inbound packet was verified on the Ethereum side without a corresponding burn on Unichain. The attack released 116,500 rsETH from the Ethereum-side adapter, with proceeds distributed across multiple addresses and supplied as collateral on lending protocols.　　Seven addresses associated with the exploiter currently hold active rsETH-backed positions on Aave and Compound, representing approximately 107,000 rsETH of the original 116,500 rsETH stolen.　　Restoring Backing　　DeFi United said it has secured the ETH commitments needed to restore rsETHs backing, with final execution subject to governance approvals and definitive agreements. The committed ETH will be converted into rsETH in tranches and transferred to the bridge lockbox contract, allowing the bridge to resume normal operation.　　The process targets rsETH‘s nominal exchange ratio of 1.07 ETH. The coalition’s fundraising effort has progressively chipped away at

04-29Industry

WTI Oil extends gains as Hormuz closure drives supply shock higher

West Texas Intermediate (WTI) US Oil trades around $98.00 on Tuesday at the time of writing, up 3.21% on the day, reaching its highest level since mid-April. The rise in Crude prices comes amid heightened geopolitical tensions in the Middle East, where negotiations between the United States (US) and Iran remain deadlocked.　　According to reports cited by Reuters, US President Donald Trump considers the peace proposal submitted by Tehran insufficient, particularly due to the lack of commitments regarding Irans nuclear program. This stance keeps the diplomatic stalemate in place and prolongs the closure of the Strait of Hormuz, a strategic route for around 20% of global Oil supply.　　This major supply disruption is mechanically supporting Oil prices, bringing WTI closer to the psychological $100 level. At the same time, Brent is also advancing, reflecting broad-based tightness across energy markets.　　Concerns extend beyond the Oil market alone. United Nations (UN) Secretary-General Antonio Guterres has warned of a potential global food crisis if the situation persists, highlighting the systemic consequences of a prolonged closure of the strait.　　In this context, some market participants expect further upside in prices if disruptions continue. Citibank outlines a scenario in which Brent Oil could reach $150 per barrel should the

04-29Industry

Morgan Stanley MSNXX Stablecoin Reserve Fund Launch

Morgan Stanley introduced its money market fund designed for stablecoin issuers.Morgan Stanleys MSNXX Stablecoin Reserve Fund　　Morgan Stanley has launched a specialized money market fund for stablecoin issuers to manage their reserves. Introduced on Friday, the Stablecoin Reserves Portfolio (MSNXX) is accessible on days when the New York Stock Exchange is open. The investment bank aims to diversify reserves consisting of cash and U.S. Treasury bonds for companies like Circle with this product. The fund will also allocate to notes, bonds, and overnight repurchase agreements collateralized by liquid assets. This move opens a new door for Wall Street into crypto reserves.　　GENIUS Act and Reserve Management Compliance　　The fund was developed in compliance with the GENIUS Act, which went into effect last year and imposes strict rules on stablecoin reserves. Global Liquidity Co-Chair Fred McMullen highlighted the increase in the number of stablecoin issuers in the sector and the growth in the volume of assets held. As digital asset strategy head Amy Oldenburg noted, tokenized money market funds are on the banks roadmap.　　Ethena (ENA) and Circle Reserve Strategies　　While Circle holds most of its reserves in the Circle Reserve Fund managed by BlackRock (worth approximately $78 billion), projects like Ethena, which is important for

04-29Industry

River: Banks Are Turning Into Casinos, Bitcoin Is Better

Bitcoin 2026 speaker Alex Leishman used his Nakamoto Stage talk, titled “Were Not Fixing Money to Build More Casinos,” to deliver a sharp warning that modern finance is drifting toward a gambling model and away from basic banking.　　Leishman, CEO of River, said the American dream feels out of reach for many people as housing costs rise, student debt lingers, and wages lag, and argued that this pressure helps explain why prediction markets and betting features are spreading through mainstream financial apps.　　In his view, a system that once promised stable savings now pushes people toward risk if they want a shot at financial freedom.　　Leishman opened by describing a growing belief that “more and more people are coming to the conclusion” that they need to gamble to get ahead. He said finance and entertainment have merged on the phone screen, with products that look like investing tools but function like casinos.　　He pointed to platforms that promote constant trading and outcome bets, and said this environment tells users that the safe path of saving no longer works, only high‑risk wagers do. The result, he argued, is a landscape in which households face a choice between stagnation and speculative bets framed as empowerment.　　Leishman contrasted

04-29Industry

Riots bitcoin loan has a catch: More BTC sales if prices keep falling

Riot Platforms (RIOT) has amended its $200 million credit facility with Coinbase Credit, according to an 8-K filing, which replaces a floating interest rate with a fixed rate, providing greater cost predictability, while the company continues to reduce its bitcoin holdings.　　The shift to a fixed rate offers predictability as Riot pivots into artificial intelligence (AI) and high-performance computing (HPC) infrastructure. At the same time, the company is continuing to reduce its bitcoin stack. The company held 15,680 BTC as of Tuesday, down from 19,368 BTC at the start of the year, according to bitcoin treasuries.net.　　The updated agreement shows that the loan size and collateral structure stays the same. Riots bitcoin, USDC and cash held with Coinbase Custody secure the credit facility. But the maturity has been extended by 364 days, with an option to push it a further year subject to lender approval.　　The loan operates under a loan-to-value (LTV) framework that can force collateral top-ups if bitcoins price falls sharply. The loan operates under a tiered loan-to-value framework where, under normal conditions, a top-up is triggered if the LTV ratio exceeds 70% and liquidation kicks in at 80%.　　Therefore Riot could continue to deplete its treasury if bitcoin continues to show

04-29Industry

From treasuries to validators: Sharplink doubles down on Ethereum staking

Sharplink now stakes nearly 900k ETH as institutional validators, ETFs, and JPMorgan‘s tokenized funds turn Ethereum’s 30% staking era into a yield-bearing settlement layer.Sharplink received 459 ETH in rewards this week and has earned 18,309 ETH in cumulative staking payouts by locking nearly 900,000 ETH as an institutional treasury position.Ethereums staking rate has crossed 30% of supply with more than 36 million ETH securing roughly $115–$120 billion, while players like BitMine control about 11% of all staked ETH.21Shares is distributing on-chain staking rewards to TETH ETF holders and JPMorgans MONY fund now runs directly on Ethereum, cementing ETH as a yield-bearing base layer for TradFi capital.　　Ethereum treasury firm Sharplink (NASDAQ: SBET) announced it received 459 ETH in staking rewards this week, bringing cumulative staking earnings to 18,309 ETH since launching its institutional-grade Ethereum (ETH) treasury platform. The Minneapolis-based company continues to stake 100% of its nearly 900,000 ETH holdings, generating steady yield through Ethereums proof-of-stake consensus mechanism.　　Staking is the process by which participants lock up ETH to activate validator software that secures the Ethereum network by processing transactions and adding new blocks to the blockchain. In return for storing data and validating transactions, stakers earn newly issued ETH plus transaction

04-29Ethereum

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