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South Korea's Judicial Policy Research Institute (JPRI) proposed in February that the country's Civil Code should be amended to legally recognize cryptocurrency as property, Digital Asset reported. The institute argued that under current law, virtual assets are not considered property, which can create problems in protecting holders. According to the JPRI, the concept of property can be expanded to reflect societal changes and the needs of modern commerce. It noted the increasing use of cryptocurrencies as a means of exchange and the corresponding rise in related transactions and legal disputes, concluding that virtual assets meet all the necessary criteria to be classified as property. The JPRI urged for more active discussions and the enactment of relevant legislation.

The U.S. Department of Justice has frozen $700 million in cryptocurrency as part of a crackdown on a Southeast Asian fraud ring, BeInCrypto reported. The DOJ indicted Chinese nationals Huang Xingshan and Zhang Wenzhe on charges of conspiracy to commit wire fraud. Authorities also blocked over 500 websites and Telegram channels related to fraudulent investment platforms.

Ark Investment, a cryptocurrency investment firm and spot Bitcoin ETF issuer, has analyzed in a new report that Bitcoin has not yet formed a bottom in the current cycle. The report highlights that holdings by long-term investors surged 69% during the first quarter, rising from 2.13 million BTC to 3.60 million BTC, the fastest rate of increase since 2020. This suggests that long-term holders absorbed supply during the price correction. However, Ark believes a true bottom has not been reached because the price has yet to break below the key range between the average investor's purchase price (realized price) of $54,000 and the long-term investor's average purchase price of $50,000.

South Korean crypto exchange Bithumb has announced that it will temporarily suspend withdrawals for Tottenham Hotspur (SPURS) starting at 12:00 a.m. UTC on April 27 to support the token's migration and swap.

Morgan Stanley has launched a Stablecoin Reserve Portfolio for stablecoin issuers, Cointelegraph reported. The product allows issuers to deposit reserves of $10 million or more into the firm's money market fund, MSNXX, to earn interest. The fund maintains stability and liquidity by investing in short-term government bonds and cash equivalents. This offering is designed to comply with the proposed GENIUS framework for stablecoin regulation.

Upbit announced it will temporarily suspend deposits and withdrawals for Injective (INJ) starting at 9:00 a.m. UTC on April 28 to support an upcoming network upgrade.

The spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The top section shows a volume heatmap, while the bottom section displays the CVD. - The volume heatmap at the top tracks the volume of trades at specific price levels. The background color becomes brighter when the price lingers in a certain range or moves significantly. Areas with brighter colors may act as potential support or resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line represents orders between $100 and $1,000, while the brown line indicates large orders between $1 million and $10 million.

The U.S. state of Wisconsin has filed a lawsuit against several prediction market operators, including Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, CoinDesk reported. State authorities argue that the 'event contracts' offered on these platforms constitute gambling rather than investment products. The move comes as the U.S. Commodity Futures Trading Commission (CFTC) has recently sued three states, including Arizona, that regulate prediction markets. The CFTC contends that these markets fall under its jurisdiction as swap transactions. According to the report, Wisconsin's action could potentially escalate the jurisdictional dispute to the Supreme Court.

Market maker Jane Street has asked a U.S. court to dismiss a lawsuit from Terraform Labs regarding allegations of insider trading during the 2022 collapse of the Terra-LUNA ecosystem. According to Cointelegraph, the motion seeks a dismissal with prejudice, which would prevent Terraform Labs from refiling the same claims if granted. In its filing, Jane Street argued that it traded Terra-related tokens based on market signals, not inside information. Jane Street has previously faced allegations that it drove down the price of BTC through algorithmic selling at 10 a.m. U.S. time each day.

South Korea's KOSDAQ index hit a new intraday all-time high today, breaking the 1,200-point mark. The index is currently trading at 1,200.22, up 2.21% from yesterday. Meanwhile, the benchmark KOSPI index is trading at 6,442.84, down 0.51%. The KOSPI had set its own all-time high of 6,557.76 yesterday.

U.S. spot Ethereum ETFs recorded approximately $75.9 million (112.5 billion won) in net outflows on April 23, according to data compiled by Farside Investors. The shift marks the first day of net outflows following a 10-day streak of net inflows. The breakdown is as follows: - BlackRock ETHA: -$21 million - Fidelity FETH: -$51.3 million - Bitwise ETHW: -$3.3 million - 21Shares TETH: -$9.2 million - Grayscale ETHE: -$10.9 million - Grayscale Mini ETH: +$19.8 million

U.S. Bitcoin spot ETFs recorded net inflows of approximately $223 million on April 23, according to data from Farside Investors. This marks the eighth consecutive day of net inflows. - BlackRock's IBIT: +$167.5 million - Fidelity's FBTC: -$16.9 million - Morgan Stanley's MSBT: +$9.4 million - Bitwise's BITB: -$7.6 million - Ark Invest's ARKB: +$71.2 million - VanEck's HODL: -$5.5 million - Grayscale's BTC: +$5.2 million

Funds leaving the crypto lending protocol Aave have been moving to Spark, resulting in a net inflow of approximately $2.4 billion for the latter, Wu Blockchain reported. This amount corresponds to about 15% to 20% of Aave's total net outflow. At least 20 addresses have each deposited over $20 million into Spark. Additionally, funds have also migrated from other platforms, with $180 million moving from Mellow Finance and $88 million from Instadapp.

Bybit announced it will list BLEND for spot trading at 1:00 p.m. UTC on April 24.

Metaplanet, a publicly listed Japanese company accumulating Bitcoin, has issued 8 billion yen ($50 million) in zero-interest corporate bonds to fund additional BTC purchases, the company announced on its official X account. The bonds will be allocated to EVO Fund, Metaplanet's largest shareholder and a key capital partner, and the company is expected to use the proceeds to purchase BTC immediately. Metaplanet has repeatedly employed a strategy of issuing bonds to buy BTC, providing new stock warrants to EVO Fund, and then repaying the debt early.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $60.07 million liquidated (57.86% longs) - ETH: $54.04 million liquidated (74.64% longs) - SOL: $4.02 million liquidated (79.08% longs)

The hacker behind the Balancer (BAL) exploit has resumed activity after five months, laundering 1,100 ETH ($2.55 million) by swapping it for BTC via the crypto mixing protocol Thorchain (RUNE), Lookonchain reported. Balancer previously suffered a $137.4 million exploit last year.

An address presumed to belong to Bitcoin mining company Riot Platforms (RIOT) deposited 500 BTC, worth approximately $38.95 million, to cryptocurrency services firm NYDIG about six hours ago, Lookonchain reported. Such deposits are typically interpreted as an intention to sell.

BitMEX co-founder Arthur Hayes stated that Ethereum could be pushed out of the top three cryptocurrencies by 2030, with its position likely to be taken by an artificial intelligence (AI)-related asset, Cointelegraph reported.

An anonymous whale, with an address starting with 0xb5E, deposited 1.397 million UNI ($4.6 million) to three exchanges approximately two hours ago, on-chain analyst ai_9684xtpa reported on X. Deposits to exchanges are typically interpreted as a precursor to selling. One of the receiving addresses on Bybit has been previously associated with the DeFi fund Defiance Capital. The analyst added that Defiance Capital is an investor in Aave (AAVE) and LayerZero (ZRO) and is one of the main parties involved in the recent KelpDAO exploit incident.

An address believed to belong to Tether partner Antalpha has deposited 1,950 XAUT ($9.18 million) to Singaporean custody firm Cobo, Onchain Lens reported. The funds were later transferred to Binance and are presumed to be in the process of being sold via over-the-counter (OTC) trades. The address currently holds $217 million worth of XAUT.

Transaction fees on The Open Network (TON) will be reduced by a factor of six within a week, according to an announcement from Telegram CEO Pavel Durov on X. The new fee will be approximately 0.00039 TON ($0.0005) per transaction and will be fixed regardless of network load.

The annual flow of funds for Bitcoin spot ETFs has shifted to a net inflow, Ben Slavin, Head of Global ETFs at BNY Mellon, said in an interview with The Block. He noted that the total daily inflow for the 12 Bitcoin spot ETFs exceeded $335 million on April 23, with monthly inflows surpassing $2.1 billion. Despite significant outflows earlier in the year, the three-month flow since the start of the year shows a net inflow of $1.8 billion. Slavin explained that investors in these ETFs show a stronger tendency to hold their assets during price drops compared to investors in other risk assets. He added that the products are being used for portfolio allocation and as a "Buy and Hold" strategy rather than for short-term trading. Currently, the total assets under management (AUM) for the 12 Bitcoin spot ETFs stand at approximately $125 billion. This figure reached an all-time high of $162 billion in October 2025.

The Altcoin Season Index from the digital asset data platform CoinMarketCap is at 37, an increase of three points from yesterday. The index compares the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against that of Bitcoin. An altcoin season is declared when 75% of these top coins outperform Bitcoin over the preceding 90 days. The opposite scenario is defined as a Bitcoin season. A score closer to 100 indicates a stronger altcoin season.

U.S. Republican lawmakers have urged Commerce Secretary Howard Lutnick to halt a new funding plan by the crypto super PAC Fellowship PAC, Axios reported. The PAC, which is supported by the Lutnick family's investment bank Cantor Fitzgerald, recently announced plans to provide $1.75 million in support to Texas Attorney General Ken Paxton. Lutnick serves as CEO of Cantor Fitzgerald, which is known to be a major shareholder in Tether. This connection has previously raised concerns about potential conflicts of interest with the crypto industry. Republicans have reportedly called the planned donation a "foolish political mistake" and urged Lutnick's side to prevent it, though it is unconfirmed whether any action has been taken.