Latest Crypto News & Market Updates

Judge Rejects Sam Bankman-Fried’s Bid for New Trial in FTX Fraud Case

Tech　　Judge Rejects Sam Bankman-Frieds Bid for New Trial in FTX Fraud CaseU.S. District Judge Lewis Kaplan rejected Sam Bankman-Frieds request for a retrial this TuesdayThe judge characterized the motion as an attempt to rehabilitate the defendants public imageBankman-Fried claimed three ex-FTX officials could testify that the platform remained financially viableKaplan noted the defendant had access to these witnesses during the original proceedings but declined to call themThe FTX founders appeal of his fraud conviction and quarter-century prison term remains active　　A federal judge has turned down Sam Bankman-Frieds attempt to secure a new trial following his conviction for orchestrating one of the most significant financial frauds in recent history.　　A federal judge rejected FTX co-founder Sam Bankman-Frieds do-it-yourself motion for a new trial based on what the former crypto king claimed was new evidence https://t.co/Yke9vgqa37　　— Bloomberg (@business) April 28, 2026　　Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York, who oversaw the 2023 criminal proceedings and imposed a 25-year prison sentence on the disgraced crypto entrepreneur in early 2024, issued the denial order on Tuesday.　　In his ruling, Kaplan delivered a sharp rebuke, stating that the motion seemed to represent “one part of a plan to rescue his

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Class action claims Believe founder collected $54M while diluting token holders

A class action lawsuit has accused Believe founder Ben Pasternak of extracting $54 million in fees through token migrations tied to Launchcoin while leaving investors with losses.Plaintiffs allege Ben Pasternak and associated entities generated about $54M in fees across Believe platform tokens, according to the complaint.Court filings state a token migration increased supply by about 33.3% and erased holdings that were not converted within the set deadline.Separate New York court records show Pasternak has pleaded not guilty to assault related charges linked to a March 31 incident and is due back in court on June 11.　　According to a complaint filed in the U.S. District Court for the Southern District of New York, plaintiffs Joshua Lee and Pierre Montmeas alleged that Pasternak and associated entities, including B24, Inc. and the Believe Foundation, carried out a series of token launches and migrations that generated significant revenue while reducing the value of investor holdings.　　Court filings state that the Believe platform processed nearly $6 billion in trading volume and collected an estimated $54 million in fees across tokens such as $PASTERNAK, $LAUNCHCOIN, and $BELIEVE.　　Migration terms and dilution claims　　Details in the complaint identify an October 2025 migration from $LAUNCHCOIN to $BELIEVE as the central point

04-29Industry

OP Price Prediction: $0.11 Breakdown Imminent as Bears Circle Wounded Bull

Market Context: Why OP is Breaking Down Now　　Optimism is bleeding out at $0.12, and the technical damage runs deeper than surface consolidation suggests. Trading 52% below its 200-day moving average at $0.25 exposes the fundamental weakness plaguing this token since the broader market turned. Daily volume on Binance has collapsed to $1.87 million—institutional money has completely abandoned ship.　　The -0.0381% negative funding rate means shorts are collecting payments just for holding their positions, yet open interest jumped 7.44% as fresh capital enters exclusively on the short side. This setup screams capitulation phase, where every bounce gets sold and support levels crumble under selling pressure.　　Technical Breakdown Accelerating　　The RSI at 50.20 masks the real story—momentum has completely died while price action deteriorates. OP sits dead center of its Bollinger Bands at exactly the 0.50 position, creating a textbook squeeze formation that resolves violently in either direction. The convergence of all moving averages at $0.12 has created a critical decision point, and the selling pressure is winning.　　Every technical indicator points to the same conclusion: this consolidation is distribution, not accumulation. The MACD histogram flatline at zero confirms momentum traders have exited, leaving only weak hands defending increasingly fragile support levels.　　Whale Positioning Creates False Hope　　Professional

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Paul Tudor Jones: Bitcoin Beats Gold as Inflation Shield While Stocks Face Overvaluation Crisis

Bitcoin　　Paul Tudor Jones: Bitcoin Beats Gold as Inflation Shield While Stocks Face Overvaluation CrisisLegendary investor Paul Tudor Jones declares bitcoin “unequivocally the best inflation hedge,” surpassing gold thanks to its capped supply mechanismThe billionaire trader cautions that S&P 500 valuations suggest potential negative returns over the coming decadeStock market capitalization relative to GDP has reached 252%, approaching the dot-com era peak of 270%A significant equity market downturn threatens federal finances as capital gains tax collections could evaporateDespite his optimistic outlook, Jones acknowledged cybersecurity threats and quantum computing as potential long-term challenges for bitcoin　　Renowned billionaire hedge fund manager Paul Tudor Jones has declared bitcoin the most effective inflation protection available in todays markets, placing it ahead of traditional safe-haven gold. Simultaneously, he delivered a sobering assessment of current U.S. equity valuations.　　JUST IN: Legendary investor Paul Tudor Jones says “Bitcoin is unequivocally the best inflation hedge. More than gold because Bitcoin is finite.” pic.twitter.com/BEj003gdvs　　— Bitcoin Archive (@BitcoinArchive) April 28, 2026　　The macro trading icon shared these perspectives during an appearance on the Invest Like the Best podcast, which aired on April 28, 2026.　　“Bitcoin is unequivocally the best inflation hedge that there is — more than gold,” Jones stated emphatically. He identified bitcoins mathematically

04-29Industry

Canada moves to ban crypto ATMs after investigation exposes their role in fraud

Crypto　　Canada moves to ban crypto ATMs after investigation exposes their role in fraud　　Canadas federal government is planning to ban crypto ATMs to address rising fraud, CBC News reported Tuesday. Officials say these machines are widely used by scammers to collect money from victims and move illicit funds.　　A crypto ATM is a machine connected to the blockchain network that allows users to convert cash into cryptocurrency, or sometimes crypto into cash. Transactions are completed by scanning a wallet QR code, and the funds are transferred digitally rather than dispensed physically like regular ATMs.　　While features such as rapid processing and minimal verification make crypto ATMs convenient, they also leave the systems vulnerable to misuse.　　Crypto-ATM-linked scams are a growing subset of fraud losses in Canada. Media reports and law enforcement accounts describe cases where elderly Canadians are coached into depositing cash from retirement savings into crypto ATMs at gas stations and convenience stores.　　Canada currently hosts nearly 4,000 of these machines, the second-highest concentration per capita on Earth, according to Coin ATM Radar. Despite that density, the country has operated without any industry-specific regulations. Crypto ATMs have simply been lumped in with other “money services businesses,” a regulatory category that also includes Western Union

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Class action claims Believe founder collected $54M while diluting token holders

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Japan Government Issue Warning on Crypto Real Estate Deals

Crypto　　Japan Government Issue Warning on Crypto Real Estate DealsJapans Financial Services Agency joins forces with three agencies to tighten crypto property rules.Strict rules: no free crypto handling, full identity checks, and mandatory reporting of suspicious transactions.New reporting laws track foreign crypto flows and property buyers to prevent illegal money from entering real estate.　　On April 28, 2026, Japans Financial Services Agency, together with the Ministry of Land, Infrastructure, Transport and Tourism, the National Police Agency, and the Ministry of Finance, sent a formal joint request to major real estate and crypto industry associations across the country, demanding stricter checks on all real estate transactions that involve cryptocurrency payments.　　For the first time, four key agencies have joined hands on this issue, demanding stricter checks on property deals involving cryptocurrency.　　Why Did Japan Decide to Act Now？　　Real estate has long been a popular way to hide illegal money. A single property deal can move huge amounts of cash and turn it into a legal asset. This issue existed even before crypto, but digital currencies have made it easier and faster.　　Unlike bank transfers, crypto payments can move across borders in seconds without checks from banks. They are harder to track, freeze, or link to the

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Can Bitcoin Price Break Through $80,000 After FOMC?

Zooming out on the weekly BTC price chart revealed that it has been recovering in April after an overall downtrend since October. But will the king of the cryptocurrencies maintain the uptrend in the next 4 weeks？　　Bitcoin Price Outlook: How the FOMC Decision Could Impact BTC　　The current Bitcoin price retracement was likely due to investors attempting to secure their recent gains before more uncertainty. FOMC data has historically influenced BTC and other risk-on assets.　　The FOMC meeting reveals the FEDs next major interest rate decision. Consequently, interest rates influence liquidity conditions, and this is what BTC holders exiting their positions have been anticipating, hence the sell pressure.　　Speaking of the FOMCs impact on BTC price, the current consensus is that the Federal Reserve will maintain a steady rate.　　Source: CoinMarketCap　　Crypto analyst and MN Fund founder Michael Van De Poppe stated that such Bitcoin price pullbacks tend to occur before the FOMC event. The analyst also believes that BTC price will likely resume its upside if it manages to stay above $73,000. He also hinted that a deeper pullback might occur if the price slides below $73,000.　　Meanwhile, analysts expect the market to maintain a flat performance if the FED announces a 3.75% interest rate.

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ARB Price Prediction - April 28, 2026

ARB Price Prediction: Dead Cat Bounce to $0.13 Before Deeper Correction　　ARB is trapped in a classic squeeze at $0.12 with whales accumulating while retail wavers – expect a quick pop to $0.13 resistance before the next leg down tests $0.10 support within 7-10 days.　　The Immediate Setup　　Arbitrum is grinding sideways at $0.12, down 2.2% in the last 24 hours, but the price action tells a different story than the headline numbers suggest. The MACD histogram has flattened to zero while maintaining bullish momentum signals – this is textbook consolidation before the next directional move. With RSI sitting neutral at 57.84, neither bulls nor bears have control, but the derivatives market is painting a clearer picture.　　Smart money positioning shows whales are 58.7% long versus retails more balanced 53.3% – someone knows something. The aggressive buying ratio of 1.48 confirms institutional accumulation even as price bleeds, typical behavior before a relief rally.　　Key Levels Exposed　　The technical setup screams temporary bounce before continuation lower. ARB sits perfectly centered in its Bollinger Bands at 0.56 position, with immediate resistance at $0.13 coinciding with both the 7-day SMA and upper Bollinger Band. This creates a hard ceiling thats been tested twice in the past week.　　Below current levels,

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David Silver Superintelligence Initiative 5.1 Billion $

Tech　　David Silver Superintelligence Initiative 5.1 Billion $　　DeepMind‘s legendary scientist David Silver, the name that made history with AlphaGo’s 2016 victory over Go champion Lee Sedol, has sprung into action to reshape the future of artificial intelligence. He has secured $1.1 billion in investment for his new venture Ineffable Intelligence and established the company at a $5.1 billion valuation in January. Challenging the dominance of large language models, Silver positions reinforcement learning as the true key to superintelligence. With this method, AI systems evolve through trial and error, accumulating their own experiences without relying on human data. The venture aims to develop “superlearners” that pursue goals within simulations and progress by playing against themselves.　　Reinforcement Learning: The Renewable Intelligence Source　　Silver‘s career forms the foundation of this vision; while developing AlphaGo at DeepMind, he blended human data with reinforcement learning and self-play to produce unexpected strategies. He describes large language models as “fossil fuel” based on human-sourced data and uses the metaphor of a “renewable source” for unlimited learning. In his Wired interview, he defined their mission as “first contact with superintelligence”; he expects this intelligence to produce innovations on its own in fields like science, technology, governance, or economics. The concept, popularized

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