Crypto Industry News & Market Trends

Chinese groups push for neutral global AI governance

Tech　　Chinese groups push for neutral global AI governance　　A number of scientific groups in China are urging the government for a fair, open, and inclusive development of artificial intelligence (AI) globally, arguing that this can only be achieved if politics does not interfere with science.　　The call gave rise to the Global Science and Technology Society on AI Governance, an initiative of 16 societies from various fields, including automation, electronics, computer science, and AI. These groups are affiliated with the non-governmental organization China Association for Science and Technology (CAST).　　In recent years, AI has proved to be extremely beneficial to people by promoting efficiency, automating tasks, enabling personalized experiences, and driving innovation. But in the wrong hands, it also demonstrated how dangerous it can be, proliferating deepfakes and misinformation, which Chinese experts are trying to curb through active collaboration with their global peers.　　The establishment of the initiative came weeks after CAST and several local scientific organizations snubbed the 2026 Conference on Neural Information Processing Systems (NeurIPS) following the events refusal to receive academic papers from certain Chinese scholars, as well as barring them from participating in peer reviews due to United States sanctions.　　But participating organizations stressed that politics should not get in the

04-28Industry

Monero To $1,160? Analyst Sees Major XMR Rally Ahead

Tech　　Monero To $1,160？ Analyst Sees Major XMR Rally Ahead　　Cryptoinsightuk analyst Will Taylor says Moneros multi-year structure could support a move toward the $1,000 area and potentially as high as $1,160 if the current weekly trend holds.　　Taylor shared a weekly XMR chart on X and tied the setup to a broader thesis around privacy coins, arguing that Moneros market structure has continued to improve despite the regulatory and exchange pressure facing privacy-focused assets.　　“Looking to see if this trend continues or not. Structural higher lows and higher highs, with volatility of the upside moves increasing. Im thinking a TP below / around the psychological level of $1,000,” Taylor wrote.　　He added that the more aggressive target sits above that level. “We still have today to confirm on the weekly of course, but just an idea. There is also an argument for the $1,160 region that would align with the 2.618 fib level.”　　The Thesis Behind Monero　　The chart shows Monero trading near $388 against USDT on KuCoin. The projected move toward the $1,160 area would imply a gain of around 200% from the highlighted region, according to the chart‘s measurement. Taylor’s market-cap chart also shows XMR around $7.15 billion, with Fibonacci extension levels mapped above

04-28Industry

Israel approves BILS shekel stablecoin after Solana pilot

Israeli regulators have approved the launch of BILS, a shekel-pegged stablecoin issued by local virtual exchange Bits of Gold. BILS became one of Israel‘s first shekel-pegged stablecoins after approval from the country’s market regulator.Bits of Gold will hold BILS reserves in Israel through designated and separate local accounts.The approval follows a two-year Solana pilot as Israel moves to regulate stablecoin activity.　　The approval came after a two-year pilot program on the Solana blockchain. The Capital Market, Insurance and Savings Authority granted the approval in a Monday notice. The move places BILS among the first stablecoins linked directly to the Israeli shekel.　　According to the announcement, BILS reserve assets will be kept in Israel through designated and separate accounts. This structure aims to support oversight as the country builds rules for digital assets.　　The project forms part of a wider push by the Israel Tax Authority and the Finance Ministry to regulate crypto activity. That effort includes allowing selected stablecoin operations under local supervision.　　Bits of Gold says BILS links shekel to crypto markets　　Bits of Gold founder and CEO Youval Rouach said the stablecoin would connect the Israeli currency with blockchain-based financial services.　　“BILS creates a direct bridge between the Israeli shekel and the global digital

04-28Industry

Nvidia surpasses Japan in MSCI ACWI weight, traders unfazed by market odds

Bitcoin Ethereum News　　Nvidia now represents 4.96% of the MSCI All Country World Index (ACWI), surpassing Japans 4.94%. The June 30 market for Nvidia becoming the largest company by market cap sits at 92.5% YES.　　Traders were largely unfazed by the news, given the already high odds. The April 30 market is essentially resolved at 99.8% YES, near certainty that Nvidia holds the top spot imminently. The December 31 market sits at just 0.9% YES, showing skepticism about Nvidia maintaining its lead over the longer term.　　Trade volume across these markets tells a different story at each time horizon. The April 30 market saw $186,981 in actual USDC traded, showing strong conviction. The December 31 market has thin volume at $119 actual USDC with $15,740/day face value. It only takes $275 to move the price 5 points, making it vulnerable to swings from larger trades.　　Nvidia‘s increased ACWI weight matters because of its role in AI infrastructure. With the U.S. controlling AI chip supply chains, Nvidia’s dominance is also geopolitical leverage. Buying YES at 92¢ offers a limited 1.08x return, a safe bet for June 30. For the December 31 market, a YES share at 0.9¢ could pay $1, a high-risk, high-reward scenario that

04-28Industry

Harvey AI Opens Dallas Office, Expands Legal AI Presence

Harvey AI, the legal technology firm valued at $11 billion, has officially opened a new office in Dallas, marking a significant step in its expansion into the Texas legal market. This move comes as the company continues to deepen its partnerships with leading law firms, enterprises, and even professional sports teams in the region.　　For 14 consecutive years, Texas has been the top destination for business expansions in the U.S., driven by its growing economy and business-friendly policies. Dallas, in particular, has emerged as a hub for high-stakes legal work, making it a natural fit for Harvey‘s generative AI platform. The company’s tools, powered by large language models fine-tuned for legal applications, are designed to automate tasks like contract analysis, litigation support, and due diligence, enabling professionals to focus on strategic decision-making.　　The new Dallas office already houses over a dozen employees, with plans to hire across customer success, legal engineering, and sales roles. This local presence will support Harveys partnerships with Texas-based legal heavyweights such as Vinson & Elkins, Haynes Boone, Jackson Walker, and McKool Smith, as well as major corporations like AT&T and KBR. The company has also recently become the Official Legal AI Partner of both the Dallas Mavericks

04-28Industry

Strategy Buys 3,273 Bitcoin as BTC Hits $77,000

Michael Saylor‘s Strategy, the largest public holder of Bitcoin, has further cemented its position by acquiring 3,273 BTC last week, according to an SEC filing dated April 26. The purchase, completed at an average price of $77,906 per Bitcoin, totaled $255 million and brings Strategy’s total Bitcoin holdings to 818,334 BTC.　　The acquisition, conducted between April 20 and April 26, was funded entirely through the sale of 1.45 million shares of Strategys Class A common stock (MSTR). This marks a departure from previous purchases where the company often tapped its perpetual preferred security (STRC) to fund Bitcoin buys. The sale of MSTR stock raised the necessary $255 million for the transaction.　　Strategys total Bitcoin investment now stands at approximately $61.8 billion, with a cost basis of $75,537 per BTC. As of the latest market data, the holdings are valued at roughly $63.6 billion, reflecting the ongoing price surge that has pushed Bitcoin above $77,000.　　While Strategy remains the largest single public Bitcoin holder, its 818,334 BTC narrowly edges out BlackRock, which reportedly holds 812,300 BTC on behalf of its clients. Nevertheless, Strategy still trails the combined holdings of crypto fund issuers, which collectively control around 1.32 million BTC, according to Wallet Pilot data.　　Notably,

04-28Industry

Bitmine becomes largest ETH staker with 3.8M ETH, raising centralization concerns

Bitmine has staked another 112,656 ETH, valued at $260 million, bringing its total staked ETH to 3,814,245, which is 75.11% of its holdings and makes it the largest single ETH staker globally. The Polymarket contract for Ethereum price in April now shows a 99.9% chance of Ethereum staying above $1,900.　　Market reaction　　With the April 25 market already at near certainty, the immediate price impact is muted. The contract trades around $18,751 in daily USDC volume and remains steady, suggesting traders largely expected this behavior from Bitmine. Ethereum price on April 25 sits at 99.9% YES with no meaningful movement.　　Why it matters　　Staked ETH carries a one-month withdrawal delay, which removes liquidity from the market. At 3.8 million ETH locked, Bitmine‘s position creates both price support (less sell pressure) and centralization risk (concentrated validator influence). The staked ETH generates a projected annual yield of $200-300 million for Bitmine, making this as much a treasury management decision as a directional bet. Bitmine’s share of total staked ETH is large enough to raise questions about single-entity influence over Ethereums proof-of-stake consensus.　　The Ethereum price in April market tracking higher price levels is currently inactive, but Bitmine‘s continued accumulation could shift trader expectations for Ethereum’s path toward

04-28Ethereum

Banking Circle Expands Stablecoin Settlement Services with CASP License

Luxembourg-based Banking Circle has officially entered the growing European stablecoin settlement market, launching services for institutional clients after securing a Crypto Asset Service Provider (CASP) license on April 15. The license, granted by Luxembourgs financial regulator, enables the firm to offer regulated fiat-to-stablecoin and stablecoin-to-fiat settlement, a critical capability for businesses navigating the evolving digital payments sector.　　The move allows Banking Circle to support prominent stablecoins such as Circle‘s USDC, Paxos’ USDG, and its own euro-backed stablecoin, EURI. This marks a significant expansion for the company beyond its initial release of EURI in August 2024. Currently, Banking Circle facilitates transactions for more than 750 payment companies, financial institutions, and marketplaces, processing over 1.5 trillion euros annually. According to Kirit Bhatia, the firms chief digital asset officer, stablecoins are “a natural extension” of the Banking Circle infrastructure, aimed at reducing costs and improving payment efficiencies.　　Europes Stablecoin Market Grows Increasingly Crowded　　Banking Circle‘s entry intensifies competition in Europe’s rapidly expanding market for MiCA-compliant stablecoins, where major players—including Société Générale, Sygnum Bank, and a consortium of 12 European banks—are vying to establish dominance. Société Générales SG-FORGE has been a leader in the space, launching the euro stablecoin EURCV in 2023 and expanding to multi-chain networks.

04-28Industry

Critics Push Back Against Developer’s Plan to Reassign Satoshi’s Coins in eCash Fork

Paul Sztorc, co-founder and CEO of LayerTwo Labs and a Bitcoin developer, has unveiled plans for eCash, a hard fork scheduled to launch in August 2026. 　　The plans treatment of coins linked to Satoshi Nakamoto has sparked backlash across X.　　What Sztorc Proposed for the Bitcoin eCash Hardfork　　In a post, Sztorc revealed that eCashs L1 node will be a “near-copy of Bitcoin Core.” The chain will use SHA-256d mining with a one-time difficulty reset.　　“I am helping create a **new Bitcoin Hardfork** — dropping this August, called ‘eCash’. Your coins will split. For example, if you have 4.19 BTC, then you will get 4.19 eCash. You may sell your eCash — or keep it. Or ignore it!” Sztorc wrote.　　The Layer 1 (L1) network will activate Sztorcs BIP300 and BIP301 proposals via soft fork. Seven drivechains are already in development, including Truthcoin for prediction markets and CoinShift as a decentralized exchange (DEX).　　Other L2s include BitNames for identity, BitAssets for non-fungible tokens (NFTs), and Photon for quantum resistance. The team will also release a coin-splitter tool.　　Sztorc framed eCash as a permanent fix, unlike the 2017 Bitcoin Cash (BCH) split, which focused on increasing the block size. A notable aspect involves the planned allocation of

04-28Industry

MiCA Stifles Euro Stablecoins with Strict Rules, Report Warns

A report from Blockchain for Europe, released on April 27, 2026, highlights a critical flaw in the EU‘s Markets in Crypto-Assets Regulation (MiCA): euro-denominated stablecoins are safe but commercially unviable. Despite the euro’s significant role in global finance, euro stablecoins represent less than 1% of global stablecoin volume, according to DeFiLlama data. The report argues that MiCAs strict rules are to blame for this imbalance, leaving the euro stablecoin market unable to compete with U.S. dollar-pegged tokens.　　The MiCA framework, which took full effect for stablecoins on June 30, 2024, mandates that e-money tokens (EMTs) be fully backed, prohibits interest payments, and imposes stringent reserve requirements. While these measures were designed to ensure financial stability and consumer protection, they have created a regulatory environment that stifles growth. The report, co-authored by European Central Bank official Ulrich Bindseil and Blockchain for Europes Erwin Voloder, claims that these rules have pushed euro stablecoins into a “downward-sloping” part of a regulatory “Laffer curve,” where excessive regulation reduces market activity.　　Key Challenges for Euro Stablecoins　　A major sticking point is MiCAs ban on interest payments for EMTs. This rule aims to prevent stablecoins from competing directly with traditional bank deposits. However, in a high-interest-rate environment, euro stablecoins

04-28Industry

...

996 997999 1000