Author: James Wilson
ZetaChain has paused cross-chain transactions on its mainnet after detecting an attack on its GatewayEVM contract. Summary ZetaChain paused cross-chain transactions after detecting an attack on its GatewayEVM smart contract. The team said only internal wallets were affected and no user funds were lost. DefiLlama reported $300,000 in losses as ZetaChain prepared a detailed post-mortem. The Layer 1 network said the move was a precaution while the team investigates the incident. GatewayEVM works as a key entry point for cross-chain activity between EVM-compatible networks and applications on ZetaChain. The contract helps route interactions across connected chains. ZetaChain said the attack…
Israeli regulators have approved the launch of BILS, a shekel-pegged stablecoin issued by local virtual exchange Bits of Gold. Summary BILS became one of Israel’s first shekel-pegged stablecoins after approval from the country’s market regulator. Bits of Gold will hold BILS reserves in Israel through designated and separate local accounts. The approval follows a two-year Solana pilot as Israel moves to regulate stablecoin activity. The approval came after a two-year pilot program on the Solana blockchain. The Capital Market, Insurance and Savings Authority granted the approval in a Monday notice. The move places BILS among the first stablecoins linked directly…
Bitcoin is pressing the upper boundary of a two-month ascending channel near $77,500, with the 4H MACD histogram turning negative at the trendline and the FOMC meeting on April 28 and 29 serving as the next major catalyst. This article examines the technical structure, key levels, and on-chain data shaping Bitcoin’s next directional move. Summary Bitcoin is pressing the upper boundary of a 4H ascending channel near $77,500 as the MACD histogram turns negative at -183.29. The SMA ribbon remains bullishly stacked below price, but momentum is decelerating at the trendline. A confirmed 4H close above $80,000 targets the 200-day…
April 27 is the hard deadline for all Pi Network Mainnet node operators to upgrade to Protocol 22.1, with nodes still running v21.2 after today’s cutoff automatically disconnected from the Mainnet, and Protocol 23 now moved one week earlier to May 11. Summary All Pi Network Mainnet nodes must upgrade to Protocol 22.1 by today, April 27, or be automatically cut off from the network, losing the ability to validate transactions and earn node rewards. The Bitget technical guide confirms Protocol 23.0 has been moved from May 18 to May 11, one week earlier than previously announced, with four additional…
dLocal (NASDAQ: DLO) has launched Stablecoin Full, a stablecoin payments solution that enables merchants to collect, convert, and pay out funds in stablecoins across more than 44 emerging markets through a single API. Summary Stablecoin Full allows global merchants to accept stablecoin payments at checkout, send payouts in stablecoins, and manage treasury operations across 44-plus markets through one integration. The product treats stablecoins as a local payment method within dLocal’s existing platform, removing the need for merchants to build separate crypto infrastructure or manage market-by-market regulatory complexity. The launch was announced on April 21, 2026, from Montevideo, Uruguay, with Marcelo…
Ryan Lee, Chief Analyst at Bitget Research, says Bitcoin and Ethereum are supported by steady institutional ETF demand and lower leverage, with BTC expected to break $80,000 to $85,000 short term and ETH targeting $2,800 to $3,000. Summary Bitget Research Chief Analyst Ryan Lee says the current rally has a firmer base than earlier retail-driven cycles because it is being led by institutional allocation rather than speculative positioning. Lee expects gold’s elevation near record highs to reflect capital distributing across multiple stores of value rather than concentrating in a single hedge. Oil remaining elevated adds macro pressure that could delay…
Stablecoins have “quietly become core financial plumbing” and pushed on‑chain finance past a “point of no return,” according to a new a16z crypto framework that recasts programmable dollars as the base layer for a multi‑chain, banking‑as‑a‑service stack and a coming wave of on‑chain credit. Summary a16z crypto’s report, “The New Stack of Global Finance: The Stablecoin Edition,” argues that stablecoins have evolved from niche trading tools into a global settlement layer and “banking‑as‑a‑service” stack for programmable dollars. The paper slices today’s chains into general‑purpose, payment‑specific, and institutional networks, all increasingly tethered by stablecoins as the common settlement asset, from consumer…
The CFTC filed a lawsuit against New York on April 24 in the Southern District of New York, seeking a permanent injunction to stop the state from enforcing its gambling laws against federally registered prediction market exchanges. Summary The CFTC sued New York after the state filed suits against Coinbase and Gemini earlier that week, alleging their prediction market products violated state gambling laws. The CFTC is seeking a declaratory judgment of federal preemption and a permanent injunction blocking New York from enforcing gambling rules against its registered exchanges. New York joins Arizona, Connecticut, Illinois, and other states already facing…
Senator Thom Tillis lifted his blockade of Kevin Warsh’s Federal Reserve nomination on April 27 after the Department of Justice dropped its criminal investigation into current Fed Chair Jerome Powell, clearing the path for a Senate Banking Committee vote on Wednesday. Summary Tillis announced April 27 he would no longer block Warsh’s nomination after the DOJ closed its Powell investigation and redirected oversight to the Fed inspector general. The Senate Banking Committee is scheduled to vote on Warsh’s nomination Wednesday, with a full Senate vote expected before Powell’s term expires on May 15. Warsh’s confirmation would make him the most…
Strategy acquired 3,273 Bitcoin for approximately $255 million on April 27, its fourth purchase in April 2026, lifting total holdings to 818,334 BTC worth roughly $63.7 billion. Summary Strategy bought 3,273 BTC at an average of $77,906 per coin on April 27, funded entirely through at-the-market sales of MSTR Class A common stock. Total holdings now stand at 818,334 BTC acquired for $61.81 billion at an average cost of $75,537 per coin, representing 3.9% of Bitcoin’s 21 million hard cap. The company has achieved a BTC Yield of 9.6% year-to-date in 2026, with $26.47 billion in MSTR shares still available…