Crypto Industry News & Market Trends

OP Price Prediction: $0.11 Breakdown Imminent as Bears Circle Wounded Bull

Market Context: Why OP is Breaking Down Now　　Optimism is bleeding out at $0.12, and the technical damage runs deeper than surface consolidation suggests. Trading 52% below its 200-day moving average at $0.25 exposes the fundamental weakness plaguing this token since the broader market turned. Daily volume on Binance has collapsed to $1.87 million—institutional money has completely abandoned ship.　　The -0.0381% negative funding rate means shorts are collecting payments just for holding their positions, yet open interest jumped 7.44% as fresh capital enters exclusively on the short side. This setup screams capitulation phase, where every bounce gets sold and support levels crumble under selling pressure.　　Technical Breakdown Accelerating　　The RSI at 50.20 masks the real story—momentum has completely died while price action deteriorates. OP sits dead center of its Bollinger Bands at exactly the 0.50 position, creating a textbook squeeze formation that resolves violently in either direction. The convergence of all moving averages at $0.12 has created a critical decision point, and the selling pressure is winning.　　Every technical indicator points to the same conclusion: this consolidation is distribution, not accumulation. The MACD histogram flatline at zero confirms momentum traders have exited, leaving only weak hands defending increasingly fragile support levels.　　Whale Positioning Creates False Hope　　Professional

04-29Industry

Canada Eyes Crypto ATM Ban in Anti-Fraud Crackdown

Canada has proposed banning crypto ATMs nationwide as part of measures unveiled in the federal Spring Economic Update 2026. 　　The government described the machines as a key tool used by scammers to defraud victims and launder illicit cash proceeds.　　“To protect Canadians by shutting down a primary method for scammers to defraud victims and for criminals to place their cash proceeds of crime, the Spring Economic Update 2026 proposes to ban crypto ATMs,” the text reads.　　There are nearly 4,000 cryptocurrency ATMs operating in Canada, according to figures cited in CBC. That gives the country the highest concentration of crypto ATMs per capita worldwide.　　The proposed ATM ban is positioned as a public safety measure. Canadians would still be able to access services through money services businesses (MSBs), including purchasing digital assets at physical locations, while reducing the sectors exposure to illicit activity.　　Meanwhile, Canadian lawmakers are separately advancing legislation to bar political campaigns from accepting cryptocurrency donations　　Canadas parliament advanced Bill C-25, which would ban crypto donations to federal political campaigns.　　The bill passed second reading with cross-party support and heads to committee review.　　— Token Metrics (@tokenmetricsinc) April 27, 2026　　Canada Joins a Broader Crypto ATM Crackdown　　Canada is not the first country to clamp down on

04-29Industry

Canada moves to ban crypto ATMs over fraud concerns

Canada has moved to tighten oversight of cryptocurrency use by proposing a nationwide ban on crypto ATMs while advancing legislation to block digital asset donations in federal elections.Canada has proposed a nationwide ban on crypto ATMs, with CBC News reporting they are widely used in fraud schemes.FINTRAC has identified crypto ATMs as a recurring channel in suspicious transaction reports linked to scams.Lawmakers have advanced Bill C-25 to prohibit crypto donations in elections, citing challenges in verifying donor identities.　　According to CBC News, the federal government has outlined plans in its Spring Economic Update 2026 to ban crypto ATMs, describing them as a key tool used by scammers to extract funds from victims and process illicit cash.　　The report notes that officials have linked the machines to fraud activity across the country, with investigations identifying them as a primary channel through which victims are instructed to transfer money.　　A months-long investigation by CBC News, which included input from law enforcement agencies, financial regulators, industry participants, and fraud victims, found that crypto ATMs have become a central mechanism in scam operations. Financial Transactions and Reports Analysis Centre of Canada reached a similar conclusion in a February 2023 analysis of suspicious transaction reports, identifying these machines

04-29Industry

NZD/USD weakens to near 0.5850 as markets brace for Fed rate decision

Finance　　NZD/USD weakens to near 0.5850 as markets brace for Fed rate decision　　The NZD/USD pair attracts some sellers to around 0.5865 during the early European session on Wednesday. Traders prefer to wait on the sidelines ahead of the US Federal Reserve (Fed) interest rate decision later on Wednesday, with no change in rate expected. Jerome Powells press conference will be closely watched.　　The US central bank is widely expected to maintain interest rates at 3.50%–3.75% at its April policy meeting later on Wednesday. This would mark the third consecutive hold. This policy meeting is likely Chair Jerome Powells final session before a Fed Chair transition to nominee Kevin Warsh.　　Powells press conference after the rate decision might offer some hints about how the Fed may react to the risks ahead. If the US central bank maintains a hawkish tone regarding persistent inflation, this could provide some support to the Greenback and act as a headwind for the pair in the near term.　　US President Donald Trump said Iran asked the US to lift a naval blockade of the Strait of Hormuz while the two sides negotiate an end to the two-month war. Mediators in Pakistan expect Iran to submit a revised proposal to end

04-29Industry

Judge Rejects Sam Bankman-Fried’s Bid for New Trial in FTX Fraud Case

Tech　　Judge Rejects Sam Bankman-Frieds Bid for New Trial in FTX Fraud CaseU.S. District Judge Lewis Kaplan rejected Sam Bankman-Frieds request for a retrial this TuesdayThe judge characterized the motion as an attempt to rehabilitate the defendants public imageBankman-Fried claimed three ex-FTX officials could testify that the platform remained financially viableKaplan noted the defendant had access to these witnesses during the original proceedings but declined to call themThe FTX founders appeal of his fraud conviction and quarter-century prison term remains active　　A federal judge has turned down Sam Bankman-Frieds attempt to secure a new trial following his conviction for orchestrating one of the most significant financial frauds in recent history.　　A federal judge rejected FTX co-founder Sam Bankman-Frieds do-it-yourself motion for a new trial based on what the former crypto king claimed was new evidence https://t.co/Yke9vgqa37　　— Bloomberg (@business) April 28, 2026　　Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York, who oversaw the 2023 criminal proceedings and imposed a 25-year prison sentence on the disgraced crypto entrepreneur in early 2024, issued the denial order on Tuesday.　　In his ruling, Kaplan delivered a sharp rebuke, stating that the motion seemed to represent “one part of a plan to rescue his

04-29Industry

Class action claims Believe founder collected $54M while diluting token holders

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.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.　　According to a complaint filed in the U.S. District Court for the Southern District of New York, plaintiffs Joshua Lee and Pierre Montmeas alleged that Pasternak and associated entities, including B24, Inc. and the Believe Foundation, carried out a series of token launches and migrations that generated significant revenue while reducing the value of investor holdings.　　Court filings state that the Believe platform processed nearly $6 billion in trading volume and collected an estimated $54 million in fees across tokens such as $PASTERNAK, $LAUNCHCOIN, and $BELIEVE.　　Migration terms and dilution claims　　Details in the complaint identify an October 2025 migration from $LAUNCHCOIN to $BELIEVE as the central point

04-29Industry

OP Price Prediction: $0.11 Breakdown Imminent as Bears Circle Wounded Bull

Market Context: Why OP is Breaking Down Now　　Optimism is bleeding out at $0.12, and the technical damage runs deeper than surface consolidation suggests. Trading 52% below its 200-day moving average at $0.25 exposes the fundamental weakness plaguing this token since the broader market turned. Daily volume on Binance has collapsed to $1.87 million—institutional money has completely abandoned ship.　　The -0.0381% negative funding rate means shorts are collecting payments just for holding their positions, yet open interest jumped 7.44% as fresh capital enters exclusively on the short side. This setup screams capitulation phase, where every bounce gets sold and support levels crumble under selling pressure.　　Technical Breakdown Accelerating　　The RSI at 50.20 masks the real story—momentum has completely died while price action deteriorates. OP sits dead center of its Bollinger Bands at exactly the 0.50 position, creating a textbook squeeze formation that resolves violently in either direction. The convergence of all moving averages at $0.12 has created a critical decision point, and the selling pressure is winning.　　Every technical indicator points to the same conclusion: this consolidation is distribution, not accumulation. The MACD histogram flatline at zero confirms momentum traders have exited, leaving only weak hands defending increasingly fragile support levels.　　Whale Positioning Creates False Hope　　Professional

04-29Industry

Paul Tudor Jones: Bitcoin Beats Gold as Inflation Shield While Stocks Face Overvaluation Crisis

Bitcoin　　Paul Tudor Jones: Bitcoin Beats Gold as Inflation Shield While Stocks Face Overvaluation CrisisLegendary investor Paul Tudor Jones declares bitcoin “unequivocally the best inflation hedge,” surpassing gold thanks to its capped supply mechanismThe billionaire trader cautions that S&P 500 valuations suggest potential negative returns over the coming decadeStock market capitalization relative to GDP has reached 252%, approaching the dot-com era peak of 270%A significant equity market downturn threatens federal finances as capital gains tax collections could evaporateDespite his optimistic outlook, Jones acknowledged cybersecurity threats and quantum computing as potential long-term challenges for bitcoin　　Renowned billionaire hedge fund manager Paul Tudor Jones has declared bitcoin the most effective inflation protection available in todays markets, placing it ahead of traditional safe-haven gold. Simultaneously, he delivered a sobering assessment of current U.S. equity valuations.　　JUST IN: Legendary investor Paul Tudor Jones says “Bitcoin is unequivocally the best inflation hedge. More than gold because Bitcoin is finite.” pic.twitter.com/BEj003gdvs　　— Bitcoin Archive (@BitcoinArchive) April 28, 2026　　The macro trading icon shared these perspectives during an appearance on the Invest Like the Best podcast, which aired on April 28, 2026.　　“Bitcoin is unequivocally the best inflation hedge that there is — more than gold,” Jones stated emphatically. He identified bitcoins mathematically

04-29Industry

Canada moves to ban crypto ATMs after investigation exposes their role in fraud

Crypto　　Canada moves to ban crypto ATMs after investigation exposes their role in fraud　　Canadas federal government is planning to ban crypto ATMs to address rising fraud, CBC News reported Tuesday. Officials say these machines are widely used by scammers to collect money from victims and move illicit funds.　　A crypto ATM is a machine connected to the blockchain network that allows users to convert cash into cryptocurrency, or sometimes crypto into cash. Transactions are completed by scanning a wallet QR code, and the funds are transferred digitally rather than dispensed physically like regular ATMs.　　While features such as rapid processing and minimal verification make crypto ATMs convenient, they also leave the systems vulnerable to misuse.　　Crypto-ATM-linked scams are a growing subset of fraud losses in Canada. Media reports and law enforcement accounts describe cases where elderly Canadians are coached into depositing cash from retirement savings into crypto ATMs at gas stations and convenience stores.　　Canada currently hosts nearly 4,000 of these machines, the second-highest concentration per capita on Earth, according to Coin ATM Radar. Despite that density, the country has operated without any industry-specific regulations. Crypto ATMs have simply been lumped in with other “money services businesses,” a regulatory category that also includes Western Union

04-29Industry

Class action claims Believe founder collected $54M while diluting token holders

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.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.　　According to a complaint filed in the U.S. District Court for the Southern District of New York, plaintiffs Joshua Lee and Pierre Montmeas alleged that Pasternak and associated entities, including B24, Inc. and the Believe Foundation, carried out a series of token launches and migrations that generated significant revenue while reducing the value of investor holdings.　　Court filings state that the Believe platform processed nearly $6 billion in trading volume and collected an estimated $54 million in fees across tokens such as $PASTERNAK, $LAUNCHCOIN, and $BELIEVE.　　Migration terms and dilution claims　　Details in the complaint identify an October 2025 migration from $LAUNCHCOIN to $BELIEVE as the central point

04-29Industry