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EU Charges Meta For Failing To Stop Under-13s From Joining Facebook And Instagram

Finance　　EU Charges Meta For Failing To Stop Under-13s From Joining Facebook And Instagram　　The European Union on Wednesday said Meta has failed to prevent children under 13 from accessing its social media platforms—Facebook and Instagram—in violation of the bloc‘s online safety rules, citing preliminary findings from its probe, which could lead to fines of up to 6% of the company’s annual global revenue.　　NurPhoto via Getty Images　　Key Facts　　The European Commission, the EU‘s executive arm, said its probe had found Facebook and Instagram were violating the bloc’s Digital Services Act by failing to enforce restrictions on underage users from signing up.　　In its statement, the Commission said underage users are able to enter a “false birth date” that makes them appear at least 13 years old, and accuses Meta of not implementing any “effective controls” to check the “correctness of the self-declared date of birth.”　　The Commission also said it found that Facebook and Instagram fail to take adequate action to remove users who have been identified as under 13.　　The ruling criticizes the process of reporting underage users, saying it requires up to seven clicks to access a form and adds that there is often “no proper follow-up” to such reports.　　Crucial Quote　　“Meta‘s own general conditions

04-29

10-Year ETH Whale Moves $23 Million

Ethereum　　10-Year ETH Whale Moves $23 Million　　An Ethereum ICO participant who had been inactive for over ten years transferred 10,000 ETH worth $23.1 million to a new wallet. According to Etherscan data, the address 0xCD5…7a336 executed this transaction on Tuesday evening. The participant had invested $3,100 during the ICO on July 30, 2015. The ETH detailed analysis platform Lookonchain shared this detail. At todays price, this asset has gained 7,465 times in value.　　Blockchain Data and Verification　　Blockchain analysis platforms like Lookonchain and Etherscan confirmed the movement; the wallet had been untouched for years. Similar transfers often indicate preparation for a sale, but the exact reason remains unclear. Other old ICO participants have also awakened during Ethereums 2025 bull run. For example, a whale silent for three years moved its 150,000 ETH in September. Market observers interpret such movements as early liquidity signals. The Ethereum community continues to track these wallets from the ICO era.　　ETH Current Price and Technical Analysis　　Ethereum (ETH) rose 1.86% in the last 24 hours until 02:50 Wednesday morning, reaching $2,332.50. RSI at 54.24 is in the neutral zone, trend is sideways but Supertrend is giving a bearish signal. EMA 20: $2,296 providing support. Strong supports: S1 $2,291 (69/100 points),

04-29

Eric Trump Calls Out Forbes Over American Bitcoin Coverage

Bitcoin　　Eric Trump Calls Out Forbes Over American Bitcoin Coverage　　Eric Trump has pushed back against media coverage of American Bitcoin, responding directly to claims about the companys scale, staffing, and operations.　　In an X post, Eric Trump criticized Forbes and rejected its reporting, calling it politically motivated. He defended American Bitcoins progress since its launch, pointing to its Nasdaq listing, Bitcoin holdings, and mining capacity as evidence of rapid expansion in the digital asset sector.　　American Bitcoin, which went public less than a year after being formed, operates as a Bitcoin mining company focused on accumulating digital assets while expanding its computational capacity. Trump said the firm now holds more than 7,000 Bitcoin and operates a mining fleet of nearly 90,000 machines with 28 exahash of capacity.　　American Bitcoin Growth Claims and Operational Scale　　Eric Trump outlined financial and operational metrics to support the companys position in the market. He said American Bitcoin reported $78.3 million in revenue in the fourth quarter, marking a 22% increase compared to the previous quarter.　　He also stated that the company increased its Bitcoin holdings by 58% during the same period and achieved mining costs below market value, producing Bitcoin at a reported discount to prevailing prices. These figures place

04-29

Theres a groundswell forecasting a bitcoin (BTC) price above $90,000. That might be a problem.

The retail crowd has spoken: Bitcoin‘s price is headed above $90,000 in the days ahead in a move that would flip the year-to-date return from negative to positive. What’s in doubt is whether the market plays ball.　　Analytics firm Santiment scanned thousands of crypto social media posts across X, Reddit, Telegram and other platforms and found that over the past week, calls have skewed heavily toward BTC price trading above $90,000. Mentions of the $50,000–$59,000 range are being dismissed as expressions of fear, uncertainty, doubt or their acronym, FUD.　　Clearly, the crowd is expecting the slow recovery from the February low of around $60,000 to extend well into May. And why not？ Flows into exchange-traded funds (ETFs) are back, and bitcoin has held up through weeks of Iran-related conflict, oil price surges and a string of DeFi hacks that once again highlighted the risks embedded in blockchain infrastructure.　　What do you call a market that doesn‘t fall on a stack of bad news？ Bullish, right？ That’s what the crowd seems to be pricing in.　　Santiment says this bullishness as precisely the reason to be cautious.　　“Price predictions of a coin are a great way to see what the OPPOSITE likely path for prices will look

04-29

Iran keeps Strait of Hormuz closed, deepening global supply chain disruptions

Tech　　Iran keeps Strait of Hormuz closed, deepening global supply chain disruptions　　Irans continued closure of the Strait of Hormuz during the US-Israel conflict has deepened global supply chain disruptions. The market for Strait of Hormuz traffic normalization by May 15 is at 15.5% YES, up slightly from 14% twenty-four hours ago.　　Market reaction　　The May 31 market for Trump lifting the US blockade of Hormuz fell sharply to 50.5% YES, down from 58% a day ago. Traders see little chance of a quick resolution. The largest single move was a 12-point spike in the May 31 market, which settled back down, suggesting volatile positioning driven by speculation rather than concrete diplomatic progress.　　The Strait of Hormuz traffic market has $1,000,111 in face value per day but only $184,621 in actual USDC. It takes $37,667 to move the price by 5 points, enough to absorb moderate institutional trades but still vulnerable to large orders. The Trump blockade market has $554,169 in face value and $322,748 in real trades, requiring $16,155 for a 5-point move.　　Why it matters　　The closure affects not just oil and LNG but also critical minerals, with broader economic consequences. At 15.5¢, a YES bet on Hormuz traffic normalizing by May 15 pays $1,

04-29

Seagate (STX) Shares Soar 18% on Stellar Quarterly Results and Optimistic Forecast

Tech　　Seagate (STX) Shares Soar 18% on Stellar Quarterly Results and Optimistic ForecastSeagates Q3 adjusted earnings per share reached $4.10, surpassing the $3.48 analyst consensus, while revenue totaled $3.11B versus $2.95B projectedYear-over-year revenue surged 44% compared to $2.16B in the prior-year quarterFourth-quarter outlook calls for $5.00 EPS and $3.45B in revenue, both exceeding analyst projectionsNon-GAAP gross margin climbed to 47.0% from 36.2% in the year-ago periodSTX shares jumped more than 18% during extended trading, hitting $687.00　　Seagate Technology (STX) delivered an impressive fiscal third quarter for 2026, exceeding analyst projections on both the top and bottom lines, while unveiling fourth-quarter guidance that significantly outpaced Wall Street expectations.　　SEAGATE $STX Q326 EARNINGS HIGHLIGHTS　　Revenue: $3.1B (Est. $3.0B) ; +44% y/y　　EPS: $4.10 (Est. $3.50) ; +116% y/y　　Gross Margin: 47.0% (Est. 44.6%)　　FCF: $953M　　FQ4 Revenue Guide: $3.5B (Est. $3.1B) ; +41% y/y　　Q4 Guide:　　Revenue: $3.5B (Est. $3.1B) ;… pic.twitter.com/2QoYnrwY4j　　— Wall St Engine (@wallstengine) April 28, 2026　　The data storage giant reported adjusted earnings per share of $4.10, comfortably ahead of the $3.48 consensus forecast. Quarterly revenue reached $3.11 billion, surpassing expectations of $2.95 billion and marking a 44% increase from the $2.16 billion recorded in the comparable quarter last year.　　Shares ended Tuesdays regular trading session at $579.03 before climbing to

04-29

Why Are Oil Prices Jumping Despite UAE Plans to Leave OPEC After 60Y?

Tech　　Why Are Oil Prices Jumping Despite UAE Plans to Leave OPEC After 60Y？　　Oil prices rose sharply on Tuesday despite the United Arab Emirates saying it would leave OPEC and OPEC+ next month, ending nearly 60 years inside the producer group during one of the most tense periods for global energy markets.　　Brent crude traded near $111 per barrel after reaching a one-month high, while West Texas Intermediate moved around $100.15. The gains extended a seven-day rally as traders assessed supply risks from the Middle East conflict, restricted shipping through the Strait of Hormuz, and stalled peace talks involving the United States and Iran.　　The UAE‘s decision marks a major change for OPEC, which has long relied on coordinated production policy among leading oil exporters. The country has been one of the group’s largest producers and has played an important role in OPEC+ supply decisions alongside Saudi Arabia, Russia, and other members.　　UAE Exit Changes OPEC Supply Balance　　UAE Energy Minister Suhail Mohamed al-Mazrouei said the decision followed a review of the countrys current and future production policy. He said the move was a national policy decision and was not raised with other countries before being made.　　The UAE is expected to leave both OPEC and

04-29

Ali Larijani assassinated amid US-Israeli strikes, Iran regime stability in question

Tech　　Ali Larijani assassinated amid US-Israeli strikes, Iran regime stability in question　　Ali Larijani has been assassinated, and the “Iranian regime fall by April 30” market sits at 0.1% YES, while the June 30 market is at 7.5% YES.　　Larijani‘s death removes a senior figure from Iran’s leadership structure during ongoing US-Israeli strikes. The April 30 market remains nearly flat, with traders clearly skeptical about immediate regime collapse. The June 30 market shows modest movement, suggesting traders see possible catalysts for regime change over the next two months.　　The assassination has affected both regime stability markets and leadership change contracts. Combined daily volume across these markets is $49,832 in actual USDC. The largest recent move was a 50-point spike in the April 30 market that quickly reverted, pointing to volatile but ultimately unconvinced sentiment.　　Larijani‘s removal complicates Iran’s command structure and could open pathways for opposition figures like Reza Pahlavi. At 8¢, a YES share for regime fall by June 30 pays $1, a 12.5x return. For that bet to pay off, traders need to believe the leadership vacuum will cause systemic collapse within 62 days.　　Watch for signs of IRGC fragmentation or Assembly of Experts activity, as either could shift these markets sharply. With the

04-29

CLARITY’s delay to test Wall Street’s $6.6 trillion stablecoin warning which is at odds with White House view

Tech　　CLARITY‘s delay to test Wall Street’s $6.6 trillion stablecoin warning which is at odds with White House view　　The CLARITY Act has stalled in Senate Banking deliberations, setting back an array of market rules that would solidify into law most of the pro-crypto stance that took hold in the President Donald Trump administration.　　Yet, Congress may have handed crypto markets an unexpected experiment. Galaxy Research puts the odds of enactment this year at roughly 50-50, possibly lower, with unresolved disputes over DeFi provisions, jurisdiction, and stablecoin yield language.　　The bill spans token classification, exchange and broker-dealer registration, software carveouts, and DeFi provisions, with the rewards dispute representing one contested layer inside a much larger framework.　　On the rewards layer is where Wall Streets most concrete stablecoin-related fear lives, and a stall could let the market answer it before Congress does.　　The rewards lane　　The GENIUS Act explicitly bars stablecoin issuers from paying interest or yield solely for holding a payment stablecoin, resolving the simplest version of the fight.　　The harder question is if exchanges and third parties can offer cash back, referral bonuses, or promotional yields without running into the same prohibition.　　Both the OCC‘s March proposal and the FDIC’s April proposal extended anti-evasion presumptions to some affiliate

04-29

Trusted Smart Chain Takes the Stage at Consensus as the Compliance-First Infrastructure Powering the Next Era of Real-World Asset Tokenization

Tech　　Trusted Smart Chain Takes the Stage at Consensus as the Compliance-First Infrastructure Powering the Next Era of Real-World Asset Tokenization　　Trusted Smart Chain (TSC), the only Layer 1 blockchain built from the ground up specifically to meet the compliance demands of real-world asset tokenization, will headline a Spotlight Stage panel at Consensus 2026 titled “Where Blockchain Meets Main Street: Trusted Smart Chain.” The session is scheduled for Wednesday, May 6 from 1:00 PM to 1:45 PM EDT at the Miami Beach Convention Center.　　Most blockchain networks were built for speed and decentralization first, with compliance considered later. Trusted Smart Chain was built in the opposite order. Every architectural decision, from its consensus mechanism to its smart contract design, was made with one question at the center: will this hold up under regulatory scrutiny？ The result is a Layer 1 that does not need to retrofit compliance onto existing infrastructure. It is the infrastructure.　　What sets TSCs founding team apart from others operating in the tokenization space is their direct experience in traditional capital formation. The team brings deep backgrounds in taking companies public, navigating securities law, and operating within the regulatory frameworks that govern how real-world assets are issued, transferred, and held. That

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