Crypto News

According to ChainCatcher news, Trump's second son Eric Trump responded to Forbes for criticizing him for using Bitcoin business to arbitrage large amounts of money and harm MAGA investors. Eric called Forbes a shame on journalism. Just over a year ago, American Bitcoin (ABTC), the Bitcoin company, did not exist. Listed on Nasdaq 7 months and 25 days ago, ABTC today holds more than 7,000 Bitcoins, making it the 16th largest publicly traded Bitcoin company in the world, backed by a huge cluster of nearly 90,000 mining machines, 28 EH/s of hashrate, and access to the highest quality energy in the United States. In Q4 alone, Bitcoin on the balance sheet increased by 58%, mining costs were 53% lower than Bitcoin's market price, and Q4 revenue reached $78.3 million, up 22% QoQ. American Bitcoin is arguably the fastest company in this space to break into the "Top 100" rankings and is actively expanding its mining scale every day. This narrative is the same as Forbes' argument back then. ChainCatcher previously reported that Forbes published an article criticizing Trump's second son Eric Trump's Bitcoin business as a disaster, and pointed out that Eric Trump's promotion of his Bitcoin company American Bitcoin (ABTC) as a money printing machine is actually just an arbitrage tool dedicated to harming investors who support MAGA (Make America Great Again).

ChainCatcher news, Forbes published an article criticizing Trump's second son Eric Trump's Bitcoin business as a disaster, and pointed out that Eric Trump's promotion of his Bitcoin company American Bitcoin (ABTC) as a money printing machine is actually just an arbitrage tool to harm investors who support MAGA (Make America Great Again). American Bitcoin, founded in 2025 and quickly listed on Nasdaq, has boosted its valuation to $13.2 billion with the help of the Trump family brand and the Bitcoin craze. Eric Trump touted the company as a "leader in the Bitcoin world" during its earnings call, but the company actually has only a handful of full-time employees and relies primarily on story marketing rather than solid operations. While the company continued to sell shares to buy Bitcoin at high valuations, Eric raised his personal wealth from about $190 million to $280 million, and other insiders also made huge profits. At the same time, ordinary investors, especially MAGA supporters, have suffered heavy losses. American Bitcoin stock has fallen by about 92% from its peak over the past eight months, resulting in cumulative losses of about $500 million among investors. Forbes questioned the actual profitability of American Bitcoin's Bitcoin mining business, arguing that its advertised "half-price mining" was difficult to achieve and was more about using the Trump brand for high-priced stock dumping.

According to ChainCatcher news, LayerZero Labs announced a commitment to provide more than 10,000 ETH to the DeFi United ecological rescue operation led by Aave. This includes donating 5000 ETH and depositing an additional 5000 ETH to enhance Aave market liquidity.

ChainCatcher news, according to Jinshi, former Federal Reserve vice chairman and economist Roger Ferguson said that the labor market is currently in a roughly stable state, but inflation remains at a high level of 3% and there is still a lot of work to be done. He expects the Fed to remain on hold for the time being and observe the development of the situation. Goldman Sachs Group economist David Merrick also expects the Fed's post-meeting statement to acknowledge the improvement of the job market and rising inflation, but policy guidance will remain unchanged, and most people are expected to support keeping interest rates unchanged.

BWENEWS AI (No Accuracy Guaranteed): Pump.fun burned 370M $PUMP tokens (36% of supply), initiated a 50% revenue programmatic buyback and burn for one year to build trust and ensure sustainability | source: Twitter

The Permanent Mission of Iran to the United Nations issued a statement on social media on the 28th, saying that Iran has the right to take all necessary measures to respond to security threats within its territorial waters. The statement pointed out that as a major coastal state in the territorial waters where the Strait of Hormuz is located, Iran has the legal right to take necessary and reciprocal measures to deal with emerging security threats. The Iranian side stressed that these measures are aimed at ensuring safe navigation and preventing the Strait of Hormuz from being used for hostile or military purposes. The statement accused the United States of illegal actions endangering the safety of international navigation. The statement also reiterated that any transportation disruption in the Persian Gulf region and its consequences should be borne by the United States. (CCTV News)

ChainCatcher reported that despite Bitcoin's recent rally, investors are betting more on its price decline. CEX. IO data shows that the interest rate paid by short traders to maintain short positions was around 11%, rising to 19% at one point, the highest level since early 2023. Meanwhile, Bitcoin is going through one of the largest hoarding phases in history. Strong buying and short bets are rising at the same time, indicating that there may be significant price movements in the market, and one side may be "squeezed" or reversed. Bitcoin is currently down 1.6% at $75,754.

According to TechFlow news on April 29, according to The Block, the decentralized trading platform Ostium has completed a major back-end architecture upgrade, officially positioning itself as a "decentralized execution layer" for the global market, providing on-chain traders with access to off-chain liquidity. At the heart of this upgrade is the introduction of a Translation Layer to facilitate communication between smart contracts and a network of institutional liquidity providers, with partners such as Jump and other institutions with traditional market access qualifications. This mechanism allows on-chain users to indirectly access liquidity resources from traditional financial markets.

According to TechFlow news, on April 29, according to LayerZero's official disclosure, LayerZero Labs announced that it will invest more than 10,000 ETH in the Aave-led DeFi United plan, including: donating 5,000 ETH to DeFi United, depositing an additional 5,000 ETH into the Aave market to enhance liquidity, and deepening GHO's liquidity layout.

ChainCatcher reported that Coinbase will launch Virtuals Protocol (VIRTUAL) spot trading on April 29, and the VIRTUAL-USD trading pair will open at or after 9 a.m. PT if liquidity conditions are met and the transaction is supported.

According to CoinMarketCap data, the top 100 tokens by market capitalization of cryptocurrencies perform as follows: Top 5 gainers: Humanity Protocol (H) rose 14.53% and is now trading at $0.1639; Binance Life rose 9.11% to $0.3754; siren (SIREN) rose 7.3% to $0.7059; Pi (PI) rose 5.45% to $0.1915; Tezos (XTZ) rose 5.34% and is now trading at $0.3842. Top 5 Losers: MemeCore(M) fell 9.26% and is currently priced at $3.55; DeXe (DEXE) fell 6.32% to $13.43; Zebec Network (ZBCN) fell 6.26% to $0.003695; Zcash (ZEC) fell 5.7% to $334.42; Chiliz (CHZ) fell 5.07% and is now trading at $0.04609.

According to ChainCatcher news, AI recruitment startup Dex announced the completion of a $5.3 million seed round of financing, led by Notion Capital, with participation from a16z Speedrun, Concept Ventures, and angel investors from OpenAI and other companies, with a total of $8.4 million raised. Founded by former Atomico consultant Paddy Lambros, Dex is positioned as an "AI talent agent" and focuses on the market for high-end technical talent such as AI researchers and software engineers. More than 15,000 engineers are registered and serve more than 50 technology companies, including ElevenLabs, Synthesia, and others. Its products interact with job seekers through voice or text, combine models such as OpenAI and Anthropic to build candidate profiles, and directly connect with recruiters through matching engines. Dex does not sell software to businesses and charges 20%-30% of a candidate's salary based on successful hiring. The company said it has generated about $1.8 million in annualized revenue since the start of charging at the end of 2025 and is on track to become profitable during the year.

According to ChainCatcher news, according to Onchain Lens monitoring, Matrixport-related whales, who made a profit of more than $59 million, opened a long position of 30,000 ETH with 15x leverage in the past 1 hour, worth $68 million. Currently, the whale has been released through 3 different addresses (0xa5B0... 1D41、0xfd42... 3d97、0x6c85... 84f6) held a total of 58,000 ETH long orders with a leverage of 15 to 20 times, with a total position value of US$131.82 million.

According to ChainCatcher news, according to Lookonchain monitoring, Fidelity deposited 19,934 ETH to Coinbase 30 minutes ago, worth $45.29 million.

ChainCatcher reported that Polymarket intends to introduce major exchanges to the United States, pending CFTC approval.

AggrNews: POLYMARKET SEEKS CFTC BLESSING TO BRING MAIN EXCHANGE TO US: BBG

Odaily Planet Daily News Sources said that Iran is expected to submit a revised peace proposal soon. (Jin Shi)

According to ChainCatcher news, NUVA Digital, a software development company on the RWA trading platform, has completed a $5.2 million seed round of financing, led by Morgan Creek Digital. Created by Animoca Brands and Nuva Labs, NUVA supports users to mint yield-bearing composable tokens through one-click deposits with stablecoins, and provides on-chain proof of reserves with no minimum deposit or lock-up requirements. This round of financing will be used to accelerate platform development and ecological expansion, including enriching the treasury market, introducing more issuers, multi-chain deployment, institutional-grade tool construction, and promoting the issuance of NUVA utility tokens. The company said that the current financing marks its move from the early development stage to the TVL and user scale expansion stage, aiming to solve the problem of fragmentation in the RWA market and create a unified entrance.