Yen intervention risks Bitcoin selloff via carry trade
Japan’s reported $35 billion yen-buying intervention has strengthened the currency and raised risks of a broader unwind in global carry trades that could pressure bitcoin.
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Japan’s reported $35 billion yen-buying intervention has strengthened the currency and raised risks of a broader unwind in global carry trades that could pressure bitcoin.
OKX reported that 90% of surveyed US crypto traders are concerned the dollar will lose purchasing power, driving increased allocation into digital assets.
New York Attorney General’s Office has secured more than $5 million in compensation from Uphold HQ Inc. for customers affected by the CredEarn crypto product.
World Liberty Financial has sold 5.9 billion WLFI tokens to undisclosed private investors, triggering a price collapse and raising concerns over transparency and investor fairness.
Coinshares PLC reported $165.7 million in revenue for fiscal year 2025 in its first annual filing as a US-listed company following its Nasdaq debut.
Andreessen Horowitz has backed the Commodity Futures Trading Commission in opposing state efforts to restrict prediction markets, arguing such actions conflict with federal law.
April 2026 saw more than $650 million in crypto losses, driven largely by major exploits affecting decentralised finance protocols despite otherwise stable market activity.
Consensys Software Inc. has warned that proposed US stablecoin rules could disrupt distribution models by extending yield restrictions beyond issuers to third-party partners.
A Taiwanese lawmaker has proposed allocating a portion of the island’s $602 billion foreign exchange reserves into bitcoin, formally presenting the plan to top monetary officials on April 29, 2026.
Arbitrum voters are deciding whether to release 30,765 ETH, worth about $71 million, to support recovery efforts following the Kelp DAO exploit.
MoonPay has launched a virtual debit card enabling users and AI agents to spend stablecoins directly from self-custodied wallets via Mastercard.
An onchain trader identified as 0xcc15 has opened a $1.96 million long position in MEGA tokens and is already sitting on an unrealised loss of about $402,000.
Bitcoin climbed nearly 3% to around $78,700, approaching the $80,000 level as risk sentiment improved alongside rising U.S. equities.
The Ethereum Foundation has sold 10,000 ether in an over-the-counter deal to BitMine Immersion Technologies for about $22.9 million as part of its treasury strategy.
Alberta Investment Management Corporation has built a major position in Strategy, generating an unrealised gain of about $69 million after buying the stock in the first quarter.
Riot Platforms shares jumped about 8% after Advanced Micro Devices expanded its data centre capacity at Riot’s Texas facility, reinforcing its shift toward AI infrastructure.
A Seoul Administrative Court has temporarily blocked a six-month partial suspension of Bithumb, allowing the platform to continue onboarding new users while legal proceedings continue.
The Central Bank of Kenya has opened recruitment for four roles to oversee virtual asset service providers, marking a key step in implementing its new crypto regulatory framework.
New draft text of the Digital Asset Market Clarity Act would block crypto firms from offering stablecoin yields that resemble bank deposit interest while allowing activity-based rewards.
The Central Bank of Brazil has banned the use of cryptocurrencies in cross-border payments under Resolution 561, mandating fiat-only settlement from October 1.
Japan’s Japan Exchange Group is targeting a 2027 launch for cryptocurrency exchange-traded funds, contingent on regulatory and tax reforms.
Artificial intelligence tools are now twice as effective at exploiting smart contract vulnerabilities as they are at detecting them, according to research from Binance Research.
Digital asset firm Bakkt has completed its acquisition of Distributed Technologies Research in a share-based deal aimed at expanding its stablecoin payments infrastructure.
Solana-based DeFi protocol Carrot is shutting down after suffering severe losses linked to the $285 million Drift Protocol exploit.
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