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Morgan Stanley has revised its forecast for the Federal Reserve, now expecting the central bank to keep interest rates on hold throughout 2026. The firm, which previously anticipated rate cuts in September and December, now projects two 25 bp cuts in January and March 2027.

U.S. spot Ethereum ETFs saw net outflows of approximately $87.8 million (130.3 billion won) on April 29, marking the third consecutive day of outflows, according to data from Farside Investors. - BlackRock ETHA: -$37.1 million - BlackRock Staking ETHB: -$2.3 million - Fidelity FETH: -$48.4 million

South Korean prosecutors have requested a 20-year prison sentence for the CEO of Delio, a crypto deposit and interest service operator, who was indicted on charges of embezzling customer assets, according to Yonhap News. The case is linked to a withdrawal halt affecting 250 billion won ($181.5 million). Prosecutors argued that the defendant's active deception and false advertising resulted in numerous victims and massive damages. They added that the CEO has aggravated the victims' suffering by consistently evading responsibility and maintaining an uncooperative attitude, even as victims attend every court hearing to demand a severe punishment.

Binance has announced it will support the Shentu (CTK) network upgrade and hard fork by temporarily suspending deposits and withdrawals for the token at 12:00 p.m. UTC on May 19.

U.S. spot Bitcoin ETFs experienced net outflows of approximately $137.75 million on April 28, according to data compiled by Farside Investors. This marks the third consecutive day of net outflows. - BlackRock's IBIT: -$54.7 million - Fidelity's FBTC: -$36.13 million - Morgan Stanley's MSBT: +$10.81 million - Ark Invest's ARKB: -$30.04 million - Franklin's BRRR: -$6.54 million - Grayscale's GBTC: -$21.15 million

Bithumb announced it will list Megaether (MEGA) for trading against the South Korean won at 11:00 a.m. UTC today.

South Korea's Personal Information Protection Commission is considering sanctions against crypto exchanges Upbit and Bithumb after completing on-site inspections into their practice of sharing order books with overseas exchanges. The probe focuses on whether personal data was illegally transferred abroad during this process, SBS Biz reported. The commission has been investigating the matter since early this year and is now reportedly in the final stages of determining whether a violation of the Personal Information Protection Act occurred, with a decision on sanctions pending.

South Korean crypto venture capital firm Hashed has obtained a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), The Block reported. The license authorizes Hashed's subsidiary, Hashed Global Management Limited (HGML), to conduct regulated financial activities, including advising on investments or credit, arranging deals in investments, and managing assets.

Crypto analyst Kaz stated on X that BTC's failure to reclaim $76,000 suggests a decline is imminent. Kaz noted that an increase in open interest (OI) despite the current price drop indicates a growing inflow of short positions. This pattern differs from past downturns, where OI typically decreased. According to the analysis, selling pressure is dominant in both perpetual futures and spot markets, with buying pressure being virtually absent. Kaz warned that if BTC falls below $75,000 again, it could potentially drop sharply to $73,000. The analyst also pointed out that Thursdays statistically tend to have lower returns and that the market is currently driven by a bearish trend.

U.S. military commanders are set to brief President Donald Trump on new military options for Iran today, Axios reported. U.S. Central Command has reportedly prepared a plan for "short-term, high-intensity" strikes targeting Iran, which could include infrastructure facilities.

LG CNS expects revenue from its central bank digital currency (CBDC)-based digital asset business to begin materializing in the second quarter, iNews24 reported. During a first-quarter earnings call on April 30, Kim Hong-geun, a vice president and head of the Digital Business Division at LG CNS, explained that implementation projects for its stablecoin business are expected to be commissioned sequentially once a legal and regulatory framework is established.

An anonymous whale trader has opened a long position of 80,000 ETH, worth $182 million, on Hyperliquid (HYPE). According to on-chain analyst ai_9684xtpa, the same trader has accumulated a total long position of 120,000 ETH over the past two months, realizing a trading profit of $44.61 million. The whale currently holds the position across two wallets, each with 40,000 ETH, at an average entry price of around $2,265.

Tron (TRX) announced it has verified around 9.4 million USDT in on-chain funds through a joint campaign with RealOpen, a platform for purchasing real estate with cryptocurrency. During the campaign, the Tron network served as the payment infrastructure, handling the verification of on-chain funds and managing crypto-to-fiat on- and off-ramps.

Lookonchain reported that an address associated with World Liberty Financial (WLFI) sold 8,500 ETH, valued at $19.27 million, approximately eight hours ago.

Decentralized exchange protocol Legend announced on X that it has raised $3.5 million in a seed funding round led by Electric Capital. Market makers Amber Group and GSR also participated in the round. The investment brings Legend's total funding to $5 million.

Lookonchain reported that Bitmine (BMNR) has purchased an additional 20,000 ETH ($44.8 million) over the past three hours. This brings the company's total purchases in the last 24 hours to 65,000 ETH, valued at $147 million.

An anonymous Shiba Inu (SHIB) whale address transferred 800 billion SHIB, worth $4.91 million, to the exchange CoinMENA over the past day, EmberCN reported. Deposits to exchanges are typically interpreted as a precursor to selling. The whale initially acquired 1.03 trillion SHIB for $13,700 in 2020 and currently holds a total of 954.2 trillion SHIB, equivalent to 16.2% of the total supply and valued at $588 million.

CoinMarketCap's Altcoin Season Index has risen two points from yesterday to 39. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens, against that of Bitcoin. An altcoin season is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days. A score closer to 100 indicates a stronger altcoin season.

Bitcoin is facing strong resistance around the $80,000 level, according to Jamie Coutts, a crypto market analyst at Real Vision. On X, Coutts explained this price point represents a confluence of the True Market Mean—an indicator reflecting the average cost basis for investors—the cost basis for short-term holders, and a significant sell wall. He noted that in past bear markets, BTC entered its final downward leg when the short-term holder cost basis crossed below the True Market Mean, a signal that has now reappeared. To absorb the current selling pressure, Coutts concluded, the price must reclaim and hold above the mid-$80,000s, assuming the February low was the true bottom.

South Korean crypto exchange Bithumb is moving to upgrade its security system with Post-Quantum Cryptography (PQC), Hans Kyungjae reported. The initiative aims to build a security network impenetrable even by future quantum computers, which possess vastly superior computing power. This preemptive measure is designed to protect investor assets amid growing risks that existing cryptographic systems could be rendered obsolete.

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom section shows the CVD. - The Volume Heatmap tracks the volume of trades at specific price levels. The background color brightens when the price consolidates in a certain range or makes a significant move. These brighter areas can potentially act as support or resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. A rising line for a particular color indicates an increase in buy orders within that category. The yellow line tracks orders between $100 and $1,000, while the brown line represents large orders ranging from $1 million to $10 million.

The Fear & Greed Index from crypto data provider CoinMarketCap has fallen two points from the previous day to 39, shifting from "neutral" to "fear" as investor sentiment soured. The index measures market sentiment on a scale of 0 (extreme fear) to 100 (extreme optimism). CoinMarketCap calculates the index based on several factors, including the price movements of the top 10 cryptocurrencies, market volatility, derivatives data such as put/call ratios, the Stablecoin Supply Ratio (SSR), and its own search data.

Ethereum (ETH) strategic reserve company Bitmine (BMNR) staked 111,496 ETH, worth approximately $253.27 million, about five hours ago, according to an analysis by Onchain Lens. The current staking balance of addresses confirmed to belong to Bitmine is 4,034,885 ETH, valued at $9.09 billion. Meanwhile, Onchain Lens also noted that a newly created wallet (starting with 0x4481d), which saw its first transaction about 22 hours ago, received 40,000 ETH (around $90.16 million) from FalconX. The analytics firm speculated that this new address likely belongs to Bitmine.

Shinhan Card has signed a strategic memorandum of understanding (MOU) with the Solana Foundation to collaborate on stablecoin payment technology and expand the Web3 payment ecosystem, JoongAng Economy News reported on April 30. Building on a proof of concept (PoC) completed last year, the two parties will conduct a more advanced PoC this year and jointly research commercialization possibilities in various fields. They plan to use the Solana testnet to implement payment scenarios between customers and merchants and review the technical stability of the blockchain network. The partnership will also involve further stability verification for non-custodial wallets, which are considered essential infrastructure for the Web3 ecosystem. Additionally, they will pursue the development of a new hybrid financial model that combines the efficiency of traditional finance (TradFi) and decentralized finance (DeFi). Shinhan Card aims to establish its own DeFi service environment by utilizing oracle technology to securely link real-world transaction data to the blockchain network.

Tether announced on April 29 that its investment arm, Tether Investments, will vote its shares in favor of a proposed merger between publicly listed Bitcoin strategy firm Twenty One Capital and Bitcoin financial services provider Strike. The proposal also includes a subsequent merger of the combined entity with large-scale Bitcoin mining platform Electron Energy. Tether stated that the series of transactions could improve the resulting company's financial condition, profitability, and ability to accelerate Bitcoin adoption. The stablecoin issuer added that if the mergers are successful, it will recommend Electron's founder and CEO, Raphael Zagury, to serve as president of the new company.