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4/25
09:12
Svmuureports that the CFTC has filed a lawsuit in the U.S. District Court for the Southern District of New York, aiming to prevent New York state from enforcing its gambling laws on federally regulated prediction market platforms. The CFTC argues that federal law grants it exclusive regulatory authority over such markets and is seeking a permanent injunction against New York's enforcement actions. CFTC Chairman Michael Selig stated that registered exchanges face multiple state-level lawsuits, which undermine the CFTC's sole regulatory authority over prediction markets. Previously, New York state had sued Binance and Gemini, alleging their products violated state gambling rules, and had also requested Kalshi to cease certain sports-related contracts. Currently, 37 states and Washington D.C. have submitted amicus briefs supporting Massachusetts' enforcement against Kalshi, arguing that federal law has not legalized sports betting and has not abolished the states' historical regulatory powers.
09:06
Svmuu reported that according to MLM monitoring, the TRUMP team wallet (Hv1hq...jPCZ) has deposited 15.54 million TRUMP, worth $46 million, into OKX over the past 3 weeks, accounting for 1.5% of the total supply. The price of TRUMP dropped 18% within 3 hours, down 96.8% from its peak 15 months ago.
08:43
According to a report by Iran's Mehr News Agency on the 25th, Iranian Parliament member Behnam Saeedi stated that Iran has developed a comprehensive plan for managing the Strait of Hormuz. In an interview with Mehr News Agency, Saeedi said a key component of the plan is to only recognize the name "Persian Gulf" in all correspondence and commercial documents, rejecting any other names. Ships and vessels navigating in the region must obtain permission from Iran. The sovereignty of the Strait of Hormuz will be entirely in Iran's hands. He also stated that vessels identified as belonging to hostile countries by Iran's Supreme National Security Council or the General Staff of the Armed Forces will not be allowed to pass through the Strait of Hormuz, and Israeli vessels are absolutely prohibited from transiting the area. Vessels passing through the region must pay relevant fees for security, environmental protection, maritime management, and licensing, with priority given to payment in Rials. (Xinhua News Agency)
08:28
Svmuu reported that the lending protocol Purrlend was attacked on the MegaETH and HyperEVM networks, resulting in losses of approximately $1.52 million. The attacker extracted approximately $1.2 million in assets from the HyperEVM network, including 449,683 USDC, 214,125 USDT0, 194,745 USDH, and portions of UBTC, wstHYPE, UETH, kHYPE, and WHYPE. The attacker also extracted approximately $324,000 in assets from the MegaETH network, including USDT0, WETH, and USDm. Purrlend has since paused the protocol and launched an investigation. The attacker's address has been identified on the block explorers of both networks.
08:17
According to Arkham data, the zkPass team's multi-sign address (0xEF1) transferred a total of 10,000,000 ZKP to Binance over the past 30 minutes, valued at approximately $796,100.
Currently, the circulating supply of ZKP is 268 million, and this distribution accounts for about 3.73% of the total circulating supply. ZKP is currently trading at $0.07964, with a 24-hour decline of 7.35%. Its circulating market cap now stands at $21.37 million.
zkPass team multi-sign address deposited 10 million ZKP to Binance, worth approximately $790,000
07:56
1. Fu Peng: Bitcoin perpetual contracts essentially allow large holders to collect fees while retail traders leverage long positions.
2. US media: Iran is open to negotiations with the US but insists on its right to enrich uranium.
3. Brazil bans 27 prediction market platforms including Kalshi and Polymarket.
4. Two massive whales withdraw LINK tokens worth a total of $4.67 million from Binance.
5. Zelenskyy: Ukraine is willing to hold peace negotiations with Russia in Azerbaijan, provided Russia is prepared.
6. Researcher cracks a 15-bit ECC key, earning a 1 Bitcoin reward.
7. Address associated with the FF team transfers $13 million in tokens to a new wallet.
8. a16z: Stablecoins are evolving from trading tools into core financial infrastructure, with Q1 transaction volume reaching $4.5 trillion.
9. A whale takes a 5x leveraged long position on Brent crude oil; the position is now valued at $20 million.
10. Analysis: IPOs of SpaceX, OpenAI, and Anthropic could absorb capital and impact BTC and crypto market liquidity.
07:27
Svmuu News Fu Peng, Chief Economist at Xinhuo Group, posted on X platform stating that the underlying business model of Bitcoin perpetual contracts is essentially the same as the deferred delivery fees or overnight charges in traditional financial markets such as gold and industrial commodity spot exchanges. Fu Peng pointed out that gold exchanges once employed daily forced liquidation settlements, requiring long and short positions to pay deferred delivery fees to each other. When retail investors hold high-leverage long positions, these deferred fees become a stable source of revenue for the exchange.
Today, Bitcoin platforms rely on perpetual contracts settling funding rates every 8 hours. When long positions dominate, retail investors continuously pay fees to short positions. Although the platform does not directly collect this fee, it boosts trading activity, open interest, and liquidity, thereby indirectly generating substantial transaction fees. This model essentially functions as a business mechanism where major holders or institutions collect rent from long-term holdings, retail investors pay fees for leveraged longs, and the platform indirectly takes a cut.
07:10
Svmuu, March 25 – An official Pakistani source stated on the 25th that, compared to the first round of negotiations, Iran has adopted a tougher stance, emphasizing that any plan to end the war must be executed on Iran's terms, not on the conditions proposed by U.S. President Donald Trump. (Xinhua News Agency)
06:42
Svmuu reported that, according to the Wall Street Journal, a senior Iranian diplomat stated that Iran is open to negotiations with the United States but will not abandon its uranium enrichment activities. Iran's Ambassador to India, Mohammad Fathali, posted on social media on Saturday: "Negotiations can only yield appropriate results when our opponents recognize our right to the peaceful use of nuclear energy." The report said the US is currently seeking to have Iran suspend its uranium enrichment program for up to 20 years. (Jin Shi)
06:06
According to an official announcement, SEALCOIN has officially launched its early access campaign, “Spacedrop,” designed to provide users with an opportunity to engage with the SEALCOIN ecosystem before its full launch. Users can participate by completing tasks, earning points, minting Soulbound Tokens (SBTs), and gaining hands-on experience with the protocol’s mechanics.
It is reported that SEALCOIN is an infrastructure-focused project that integrates satellite communications with blockchain technology, aiming to enable secure and autonomous interactions between devices and digital services. By combining hardware-level identity authentication with a global connectivity layer, the project seeks to support real-world M2M (Machine-to-Machine) applications across multiple industries.
06:04
Svmuureports that Brazilian authorities have blocked 27 prediction market platforms, including Kalshi and Polymarket. Dario Durigan, Executive Secretary of the Brazilian Ministry of Finance, stated that Resolution No. 5.298 issued by the National Monetary Council will take effect in May. The new regulation classifies contracts related to sports, politics, entertainment, or social events as gambling rather than financial investments. Currently, only contracts linked to economic indicators such as inflation, interest rates, exchange rates, or commodity prices are permitted. The blocked platforms also include PredictIt, Robinhood's prediction feature, Fanatics Markets, and others. Authorities stated that this move aims to prevent the increase of household debt and mitigate financial risks.
05:57
According to monitoring by Onchain Lens, whale 0x527 (0x527...cAc2) withdrew 370,631 LINK, worth $3.48 million, from Binance. This whale currently holds 565,612 LINK, worth $5.33 million. Additionally, whale 0x526 (0x526...cBd8) withdrew 125,999 LINK, worth $1.19 million, from Binance.
05:41
Svmuu News: Ukrainian President Zelensky stated that if Russia is prepared, Ukraine is willing to hold peace negotiations in Azerbaijan. (Jinshi)
05:33
According to Svmuu, independent researcher Giancarlo Lelli was awarded the Q-Day Prize and 1 Bitcoin by quantum security startup Project Eleven for successfully cracking the encryption keys protecting Bitcoin. Giancarlo Lelli utilized publicly available quantum hardware and a variant of Shor's algorithm to crack a 15-bit encryption key among 32,767 possibilities. The difficulty of this quantum attack is 512 times greater than the 6-bit key record set in September 2025. Project Eleven CEO Alex Pruden stated that the resource requirements for such attacks continue to decline, with approximately 6.9 million Bitcoins currently held in vulnerable static addresses, including 1 million Bitcoins owned by Satoshi Nakamoto. The Bitcoin network has proposed BIP-360 to introduce quantum-resistant address types, while platforms such as Ethereum, Ripple, and Tron have also begun releasing plans for transitioning to post-quantum defenses.
04:49
According to onchainschool.pro monitoring, the FF team address (0xeF6...7071) transferred $13 million worth of tokens to a new wallet, which will then distribute them to other participants or fund wallets. This is the largest transfer recorded for the project to date. Approximately $1 million worth of tokens were further transferred from the aforementioned wallet and ultimately deposited into an exchange an hour ago.
04:09
Turkish Foreign Minister Hakan Fidan stated that Turkey could consider participating in mine clearance operations in the Strait of Hormuz following a potential peace agreement between Iran and the United States. It is expected that after a US-Iran deal is reached, a technical team will carry out mine clearance work in the strait. Turkey, in principle, views such operations as a humanitarian responsibility and holds a positive attitude. If this technical multinational coalition becomes a party to a new round of conflict in the future, Turkey will reassess its stance. He also expressed the view that issues related to Iran's nuclear program can be resolved during the next round of talks scheduled to be held in Pakistan. (Jin Shi)
03:09
Svmuu reported that a16z's latest research indicates that stablecoins are gradually evolving from initial transaction settlement tools and value storage vehicles into global financial infrastructure. The data shows that following regulatory clarity driven by the US 'GENIUS Act', the stablecoin market has accelerated further, with adjusted transaction volume reaching approximately $4.5 trillion in the first quarter of 2026. The report reveals that consumer-to-business (C2B) stablecoin transactions grew 128% year-over-year, reaching 284.6 million transactions. The monthly collateralized deposits for stablecoin card programs also surged from near zero at the end of 2024 to over $300 million by early 2026, reflecting the rapid expansion of stablecoin payment use cases. Meanwhile, the velocity of stablecoins has increased from 2.6x to 6x since the beginning of 2024, indicating a shift from being "held" to being "frequently used." a16z believes that the application focus of stablecoins is shifting from cross-border payments to local payment infrastructure, particularly evident in markets such as Asia and Brazil.
02:40
Svmuu reports, according to Onchain Lens monitoring, a whale identified as "0x66f" has opened a 5x leveraged long position on Brent Crude Oil, with the current position value reaching $20 million.
02:22
Svmuureports that in an effort to combat scams involving cryptocurrencies, the Anti-Scam Centre and the Cybercrime Investigation Branch of the Singapore Police Force, in collaboration with cryptocurrency platforms, have successfully intercepted over S$2.86 million in scam funds.
In a statement on Thursday (April 23), the Singapore Police Force said that authorities worked with cryptocurrency platforms such as Coinbase, Coinhako, StraitsX, and Upbit in a month-long enforcement operation from March 16 to April 15 this year.
During the operation, authorities utilized tools from blockchain intelligence firm TRM Labs and blockchain analytics firm Chainalysis. Through advanced blockchain analysis techniques, they identified victims of various scams, including government official impersonation scams, investment scams, job scams, and online romance scams. (Lianhe Zaobao)
02:09
Svmuu reports that SpaceX confidentially submitted its S-1 filing to the U.S. SEC earlier this month, planning an IPO at a valuation of approximately $1.75 trillion, with a fundraising target of up to $75 billion. If it goes public in June as expected, it would surpass Saudi Aramco's 2019 record of $29 billion raised, becoming the largest IPO in history. Meanwhile, OpenAI and Anthropic are also planning to go public in the second half of this year, with the three companies expected to attract a combined total of over $240 billion in capital.
Market analysts believe these mega-IPOs could significantly drain liquidity from risk assets, and the crypto market shares the same capital pool. As major crypto assets like Bitcoin and Ethereum have shown high correlation with Nasdaq and U.S. equity risk appetite in recent years, a massive shift of funds toward subscribing to these tech giant IPOs could weaken buying support for BTC, ETH, and altcoins. Analysts point out that Coinbase's listing day in 2021 coincided with a local top for Bitcoin, and SpaceX's IPO could once again mark a major liquidity turning point for the crypto market. (CoinDesk)

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