Author: James Wilson

A class action lawsuit has accused Believe founder Ben Pasternak of extracting $54 million in fees through token migrations tied to Launchcoin while leaving investors with losses. Summary Plaintiffs allege Ben Pasternak and associated entities generated about $54M in fees across Believe platform tokens, according to the complaint. Court filings state a token migration increased supply by about 33.3% and erased holdings that were not converted within the set deadline. Separate New York court records show Pasternak has pleaded not guilty to assault related charges linked to a March 31 incident and is due back in court on June 11.…

A Matrixport‑linked whale has opened a fresh 30,000 ETH long at 15x, lifting total leveraged exposure to 58,000 ETH (~$132M) after banking over $59M on prior longs. Summary Onchain Lens data shows a Matrixport‑associated whale opened a new 30,000 ETH long position at 15x leverage worth about 68 million dollars, bringing total exposure across three wallets to 58,000 ETH with 15x–20x leverage. The same entity previously closed 120,000 ETH and 1,500 BTC longs for more than 59 million dollars in profit, fully exiting in mid‑April before re‑entering with a 44,000 ETH, then 30,000 ETH, stack as ETH trades near 2,287…

BNB price held above $625 on April 28 as the broader crypto market declined, with Bitcoin down 1.6% and Ethereum at a week low, making BNB one of the few large-cap assets to hold its ground during a day driven by stalled Iran ceasefire negotiations and rising oil prices. Summary BNB price fought to hold above $625 on April 28 as the total crypto market cap shed over $30 billion, with most large-cap assets in the red. Binance executed its 35th quarterly auto-burn on April 15, permanently removing 2.14 million BNB worth approximately $1.32 billion from circulation, leaving the total…

Top‑100 crypto traded mixed today as Humanity Protocol jumped 14.5%, MemeCore slid 9.3% on 90% insider‑supply fears, and total market cap dipped 1.39% to $2.65T. Summary The top 100 cryptocurrencies by market cap saw divergent action, with Humanity Protocol (H) leading gainers at 14.53% and MemeCore (M) dropping 9.26% as total crypto market cap slipped 1.39% to about 2.65 trillion dollars. Humanity Protocol, an Ethereum Layer 2 focused on privacy‑first palm‑scan identity and proof‑of‑human consensus, traded near 0.1639 dollars, while Binance Life, Siren, Pi Network and Tezos rounded out the day’s strongest performers. MemeCore declined amid on‑chain reports that over…

President Trump told hundreds of top $TRUMP memecoin holders at a private April 25 event at Mar-a-Lago that the White House will not allow banks to block the CLARITY Act, pledging to sign the bill immediately and framing crypto market structure legislation as a national priority. Summary Trump delivered a direct warning to bankers at a private Mar-a-Lago gala on April 25, telling attendees he would not allow traditional financial institutions to derail the CLARITY Act. The event drew Tether CEO Paolo Ardoino, ARK Invest’s Cathie Wood, Anchorage Digital CEO Nathan McCauley, billionaire Tim Draper, and boxer Mike Tyson, among…

The Bitcoin 2026 Conference drew more than 40,000 attendees to The Venetian Resort in Las Vegas from April 27 to 29, but the institutional-heavy speaker lineup sparked a sharp backlash from early adopters who accused the event of abandoning its cypherpunk origins for corporate suits and regulators. Summary Speakers included Strategy’s Michael Saylor, BlackRock’s Robert Mitchnick, SEC Chair Paul Atkins, and Senator Cynthia Lummis, a lineup critics said reflects a fundamental shift away from Bitcoin’s decentralized roots. Early Bitcoin investor Simon Dixon publicly called the conference “compromised,” arguing that code is open source and that marketing ETFs and corporate treasury…

Stablecoin transfer volume fell 19.18% to $831B in 30 days, yet market cap and holders rose as USDT, USDC, and DAI added billions while Ethena’s USDe saw $1.1B outflows. Summary Stablecoin transfer volume dropped 19.18% to 831 billion dollars over the past 30 days, but total market cap rose 2.06% to 305.29 billion and holders increased 2.32% to 246.94 million. USDT, USDC, and DAI posted strong net inflows of 3.6 billion, 2 billion, and 1.2 billion dollars respectively, while Ethena’s USDe suffered 1.1 billion dollars in net outflows amid yield compression and sustainability concerns. The slowdown in transfer volume follows…

Over Foundation has shut down all Over Protocol infrastructure, abandoning OverWallet, nodes and explorers, and leaving block production to any validators stubborn enough to keep running. Summary Over Foundation says “insurmountable financial constraints” forced it to permanently cease operations, killing OverWallet, OverNode, OverFlex, RPC endpoints, block explorers, and public APIs with immediate effect. The Layer 1 was pitched as a way for ordinary users to run validators on personal computers, but with all foundation‑run infra offline, the chain’s survival now depends entirely on whether independent node operators keep producing blocks. The shutdown folds Over Protocol into a growing list of…

Opening arguments began April 28 in the Musk OpenAI civil trial in Oakland, with Musk’s lead attorney Steven Molo telling jurors that without Elon Musk’s $38 million in early funding and recruiting of top AI scientists, OpenAI would not exist, while Musk seeks up to $134 billion in wrongful gains to be funneled back to the company’s nonprofit arm. Summary Musk OpenAI opening arguments began April 28 with lead attorney Steven Molo urging jurors to look past their preconceptions about Musk and focus on the financial and institutional record of OpenAI’s founding. Two claims survive the trial: breach of charitable…

Ethereum price opened at $2,303.33 on April 28, its lowest morning level in over a week, as renewed concerns over stalled Iran ceasefire negotiations pushed Brent crude back above $104 a barrel and weighed on all major crypto assets heading into the Federal Reserve’s rate decision. Summary Ethereum price opened April 28 at $2,303.33, down 2.8% from Monday’s open of $2,369.84, and continued sliding to $2,278.56 by 7:10 AM ET. The selloff was triggered by stalled US-Iran ceasefire negotiations and rising oil prices, with Brent crude returning above $104 a barrel for the first time in several days. Bitcoin also…