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Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Nasdaq-listed Bitcoin miner Hut 8 (HUT) is pursuing a bond issuance to finance a new data center linked to Google that will support artificial intelligence, Bloomberg reported. The company is reportedly raising funds by issuing secured bonds maturing in 2042, with a target of at least $3 billion. The offering is being managed by investment banks including Goldman Sachs, JPMorgan, and Morgan Stanley. Google will reportedly support the project financially, including making rent payments for the data center under a lease agreement. The move comes as Hut 8 shifts its business focus from Bitcoin mining to energy and digital infrastructure.

The pace of recent Bitcoin purchases by MicroStrategy (MSTR), the largest corporate holder of the asset, has slowed by 91% compared to the previous week, Decrypt reported. According to the data, MicroStrategy purchased 34,164 BTC ($2.54 billion) last week, followed by an additional purchase of 3,273 BTC ($255 million) about a week later. Decrypt explained that the slowdown is due to the latest acquisition being funded through the sale of common stock rather than preferred stock. This suggests that the company's preferred stock, STRC, has become the primary funding source for its larger Bitcoin buys.

Circle, the issuer of the USDC stablecoin, announced through its official X account that its venture capital arm, Circle Ventures, is purchasing AAVE tokens. The company explained that the move is part of its participation in DeFi United, a rescue program established to address the fallout from the KelpDAO hack and the subsequent rsETH incident. Circle stated its support for Aave's ecosystem and community, noting that robust DeFi infrastructure requires active building and that Aave is contributing to the future of on-chain finance.

Iranian Foreign Minister Abbas Araghchi said the United States has proposed holding talks and that the Iranian government is now reviewing the possibility. Speaking at a press conference in Russia on April 27, Araghchi questioned U.S. President Donald Trump's self-proclaimed victory, asking why he would propose negotiations if that were the case. Araghchi pointed out that Iran is confronting the world's largest superpower and that the U.S. has failed to achieve any of its objectives. This, he emphasized, is why the U.S. requested negotiations, and Iran is now considering the option.

An address linked to the over-the-counter (OTC) desk of crypto financial services firm Galaxy Digital (GLXY) has deposited 15,000 ETH, worth $34.74 million, to exchanges OKX and Bybit, on-chain analyst ai_9684xtpa reported via X. The analyst noted that the funds were withdrawn from the crypto lending protocol Aave (AAVE) immediately following the rsETH hack.

The three major U.S. stock indices opened lower today. - S&P 500: -0.12% - Nasdaq: -0.26% - Dow Jones: -0.01%

A U.S. court has sentenced Evan Tangeman of California to 70 months in prison for money laundering in connection with a $263 million cryptocurrency fraud ring, Decrypt reported. Tangeman admitted to laundering at least $3.5 million in stolen funds for the organization, which has been operating on online platforms since 2023. The court's sentence also took into account his obstruction of justice, including attempts to destroy evidence. He was also ordered to serve three years of supervised release.

Ethereum infrastructure developer Consensys and its founder Joseph Lubin have joined "DeFi United," a bailout program for the rsETH incident, and will provide 30,000 ETH in support, crypto lending protocol Aave announced on its official X account. Previously, Lido (LDO), Ether.fi (ETHFI), Ethena (ENA), Mantle (MNT), Tron (TRX), and Babylon (BABY) also announced they would contribute ETH to the Aave bailout.

Nasdaq-listed Solana Company has completed a capital increase of approximately $8 million, The Wall Street Journal (WSJ) reported. The company issued 3,076,922 shares of Class A common stock at a price of $2.6 per share. This investment round was led by Mirae Asset and included participation from HashKey Capital. The proceeds will be used to purchase additional SOL and for operating capital.

Crypto influencer Ted Pillows said on X that Bitcoin has historically always fallen around the time of a leadership change at the U.S. Federal Reserve. He noted that when Janet Yellen took office as Fed Chair in January 2014, BTC fell 84%. Similarly, the asset dropped 73% when Jerome Powell began his term in February 2018 and 61% when Powell was reappointed for a second term in May 2022. Pillows added that he is curious to see what will happen with the transition to Kevin Warsh. Powell's current term as chair is set to end on May 15. U.S. President Donald Trump has nominated Warsh to be the next Fed Chair, though the nomination has not yet been confirmed by the Senate. If the confirmation process is not completed by then, Powell is expected to continue as an interim chair. His term as a Fed Governor extends until January 2028, allowing him to remain on the board.

Bitmine (BMNR) announced it purchased an additional 101,901 ETH last week, bringing its total holdings to 5,078,386 ETH as of April 26. This represents approximately 4.21% of the total ETH supply. The company is currently staking around 3.7 million ETH, or about 73% of its holdings, an amount valued at approximately $8.8 billion.

The European Union's Markets in Crypto-Assets (MiCA) regulation has made euro-based stablecoins safer but has diminished their competitiveness, according to a recent report by Blockchain for Europe. The report, cited by CoinTelegraph, notes that euro-denominated tokens account for less than 1% of global stablecoin trading volume. It suggests this indicates the market has entered the downward slope of a "regulatory Laffer curve," where stricter rules lead to reduced activity. The analysis identifies a ban on interest and stringent reserve requirements as key problems, recommending improvements to interest and transparency rules and an overhaul of the reserve mandates. CoinTelegraph added that while potential MiCA reforms are being discussed, the European Central Bank and the European Banking Authority (EBA) remain cautious due to financial stability concerns, suggesting any deregulation will take time.

Bitcoin accumulation firm Strive (ASST) has purchased an additional 789 BTC, worth $61.43 million, at an average price of $77,890, CEO Matt Cole announced on X. As of April 24, Strive holds 14,557 BTC, valued at approximately $1.13 billion.

The recent price surge of Pudgy Penguins (PENGU) may be an artificial process designed to absorb a large volume of unlocked tokens, DNTV Research analyst Bradley Park said in an interview with CoinDesk. He noted that on April 17, 703 million PENGU, equivalent to 0.79% of the supply, were unlocked. Park suggested that large holders may have used positive news to secure enough buying pressure to absorb their sell-offs. The unlocked tokens were quickly moved to 19 separate addresses, a pattern that Park believes indicates preparation for a staggered sale to avoid shocking the market. He emphasized that as positive news about PENGU was released, open interest in the futures market surged, triggering a short squeeze that further fueled the price increase. Park described this as an environment engineered by the recipients of the unlocked tokens to offload their holdings at a high price.

Tether announced the launch of its Mining Development Kit (MDK), an open-source framework for the integrated management of Bitcoin mining infrastructure. MDK is a full-stack development tool designed to enable mining operators and developers to control and operate their entire infrastructure within a single environment. The framework aims to simultaneously improve scalability and operational efficiency by integrating equipment data through a single control layer and supporting automation and AI-based optimization.

Nasdaq-listed Aethir Compute (AGPU) has announced it will build a cluster utilizing the decentralized GPU cloud infrastructure of Aethir (ATH). The project will involve 2,304 Nvidia B300 GPUs, valued at approximately $260 million. Aethir stated that this achievement demonstrates that decentralized GPU infrastructure, once considered experimental, now fully meets the performance, security, and reliability standards demanded by major global corporations.

MicroStrategy (MSTR) announced it has purchased an additional 3,273 BTC for $255 million at an average price of $77,906 per BTC. The company now holds a total of 818,334 BTC.

French authorities have indicted 88 members of a criminal organization for violent crimes against cryptocurrency holders, Decrypt reported. The group includes around 10 minors. Since 2023, France has seen 135 violent incidents targeting crypto holders, known as "wrench attacks." Authorities have warned about the seriousness of the incidents, which they say combine personal data leaks with organized crime networks, and are urging crypto holders to limit their exposure on social media.

Although Bitcoin's upward momentum is being capped by sell-offs near the $80,000 mark, the current correction may be temporary, according to an analysis by CoinDesk. Analyst Alex Kuptsikevich noted that while a concentration of sell orders at the $80,000 level is limiting gains, the current market movement appears to be a corrective phase within the broader uptrend that has been in place since March. He pointed to bullish signals from on-chain and ETF data, highlighting that Binance has seen a net inflow of approximately $3.4 billion in stablecoins this month, while U.S. spot ETFs have attracted $2.4 billion, confirming underlying demand. However, Kuptsikevich also identified DeFi hacks, which have surpassed $600 million in April alone, as a key risk factor pressuring investor sentiment.

While altcoins launched last year have posted an average gain of around 5%, those released between 2020 and 2024 are down by an average of 18% to 23%, according to a CryptoQuant contribution from crypto analyst MorenoDV. He explained that this indicates a strong trend in the altcoin market toward chasing immediate hype and the liquidity from new listings. MorenoDV argued that "alt season" is no longer a phase where all assets rise together but has been reshaped into a selective process where capital flows only to assets with new narratives. The current market, he added, has become a battlefield for short-term attention rather than a competition based on long-term fundamentals. The analyst concluded that the future market structure will be determined by whether the cryptocurrencies launched last year can defend their gains during future periods of volatility.

South Korean crypto exchange Bithumb has announced it will list PRL at 2:00 p.m. UTC today, after previously postponing the launch due to issues with the token's circulating supply. Upbit, another South Korean exchange, also delayed its PRL listing but began supporting trading at 10:50 a.m. UTC today.

The European Union has strengthened its crypto-related sanctions against Russia for the first time in two years. According to CoinDesk, the EU has introduced a complete ban on virtual asset service providers (CASPs) and platforms within Russia, while also blocking the digital ruble (CBDC) and the ruble-pegged stablecoin RUBx. The move comes amid concerns that Russia is increasingly using cryptocurrencies to evade existing sanctions. The sanctions target 20 Russian banks, financial institutions connected to the SPFS payment network, and the Kyrgyzstan-based exchange TengriCoin. Additionally, EU residents are now prohibited from transacting with crypto and DeFi platforms based in Russia or Belarus and from providing services regulated under MiCA.

Tron (TRX) founder Justin Sun announced via X that he and HTX will provide 20 million USDT to support the crypto lending protocol Aave (AAVE). This follows previous announcements from Lido (LDO), Ether.fi (ETHFI), Ethena (ENA), and Mantle (MNT) that they would also provide ETH to aid the protocol.