Crypto Industry News & Market Trends

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

Japan Government Issue Warning on Crypto Real Estate Deals

Crypto　　Japan Government Issue Warning on Crypto Real Estate DealsJapans Financial Services Agency joins forces with three agencies to tighten crypto property rules.Strict rules: no free crypto handling, full identity checks, and mandatory reporting of suspicious transactions.New reporting laws track foreign crypto flows and property buyers to prevent illegal money from entering real estate.　　On April 28, 2026, Japans Financial Services Agency, together with the Ministry of Land, Infrastructure, Transport and Tourism, the National Police Agency, and the Ministry of Finance, sent a formal joint request to major real estate and crypto industry associations across the country, demanding stricter checks on all real estate transactions that involve cryptocurrency payments.　　For the first time, four key agencies have joined hands on this issue, demanding stricter checks on property deals involving cryptocurrency.　　Why Did Japan Decide to Act Now？　　Real estate has long been a popular way to hide illegal money. A single property deal can move huge amounts of cash and turn it into a legal asset. This issue existed even before crypto, but digital currencies have made it easier and faster.　　Unlike bank transfers, crypto payments can move across borders in seconds without checks from banks. They are harder to track, freeze, or link to the

04-29Industry

Can Bitcoin Price Break Through $80,000 After FOMC?

Zooming out on the weekly BTC price chart revealed that it has been recovering in April after an overall downtrend since October. But will the king of the cryptocurrencies maintain the uptrend in the next 4 weeks？　　Bitcoin Price Outlook: How the FOMC Decision Could Impact BTC　　The current Bitcoin price retracement was likely due to investors attempting to secure their recent gains before more uncertainty. FOMC data has historically influenced BTC and other risk-on assets.　　The FOMC meeting reveals the FEDs next major interest rate decision. Consequently, interest rates influence liquidity conditions, and this is what BTC holders exiting their positions have been anticipating, hence the sell pressure.　　Speaking of the FOMCs impact on BTC price, the current consensus is that the Federal Reserve will maintain a steady rate.　　Source: CoinMarketCap　　Crypto analyst and MN Fund founder Michael Van De Poppe stated that such Bitcoin price pullbacks tend to occur before the FOMC event. The analyst also believes that BTC price will likely resume its upside if it manages to stay above $73,000. He also hinted that a deeper pullback might occur if the price slides below $73,000.　　Meanwhile, analysts expect the market to maintain a flat performance if the FED announces a 3.75% interest rate.

04-29Industry

ARB Price Prediction - April 28, 2026

ARB Price Prediction: Dead Cat Bounce to $0.13 Before Deeper Correction　　ARB is trapped in a classic squeeze at $0.12 with whales accumulating while retail wavers – expect a quick pop to $0.13 resistance before the next leg down tests $0.10 support within 7-10 days.　　The Immediate Setup　　Arbitrum is grinding sideways at $0.12, down 2.2% in the last 24 hours, but the price action tells a different story than the headline numbers suggest. The MACD histogram has flattened to zero while maintaining bullish momentum signals – this is textbook consolidation before the next directional move. With RSI sitting neutral at 57.84, neither bulls nor bears have control, but the derivatives market is painting a clearer picture.　　Smart money positioning shows whales are 58.7% long versus retails more balanced 53.3% – someone knows something. The aggressive buying ratio of 1.48 confirms institutional accumulation even as price bleeds, typical behavior before a relief rally.　　Key Levels Exposed　　The technical setup screams temporary bounce before continuation lower. ARB sits perfectly centered in its Bollinger Bands at 0.56 position, with immediate resistance at $0.13 coinciding with both the 7-day SMA and upper Bollinger Band. This creates a hard ceiling thats been tested twice in the past week.　　Below current levels,

04-29Industry

David Silver Superintelligence Initiative 5.1 Billion $

Tech　　David Silver Superintelligence Initiative 5.1 Billion $　　DeepMind‘s legendary scientist David Silver, the name that made history with AlphaGo’s 2016 victory over Go champion Lee Sedol, has sprung into action to reshape the future of artificial intelligence. He has secured $1.1 billion in investment for his new venture Ineffable Intelligence and established the company at a $5.1 billion valuation in January. Challenging the dominance of large language models, Silver positions reinforcement learning as the true key to superintelligence. With this method, AI systems evolve through trial and error, accumulating their own experiences without relying on human data. The venture aims to develop “superlearners” that pursue goals within simulations and progress by playing against themselves.　　Reinforcement Learning: The Renewable Intelligence Source　　Silver‘s career forms the foundation of this vision; while developing AlphaGo at DeepMind, he blended human data with reinforcement learning and self-play to produce unexpected strategies. He describes large language models as “fossil fuel” based on human-sourced data and uses the metaphor of a “renewable source” for unlimited learning. In his Wired interview, he defined their mission as “first contact with superintelligence”; he expects this intelligence to produce innovations on its own in fields like science, technology, governance, or economics. The concept, popularized

04-29Industry

Rayls Taps Enzyme Finance to Grow Institutional Yield Framework

Rayls, a renowned blockchain network for banking entities, has partnered with Enzyme Finance, a popular decentralized infrastructure platform. The partnership attempts to accelerate institutional-scale yield distribution. As per Rayls official social media announcement, the development addresses the wider infrastructure required for the on-chain onboarding of institutional assets. So, this move denotes the significance of developing a thorough operating stack dealing with institutional assets.　　Institutional yield distribution needs more than vault standards alone.@enzymefinance is joining Rayls as a launch partner, adding fund infrastructure to the ecosystem across issuance, structuring, administration, NAV accounting, subscription management, and institutional fee… pic.twitter.com/HiXqS1RRNm　　— Rayls (@RaylsLabs) April 28, 2026　　Rayls and Enzyme Join Forces to Grow On-Chain Infrastructure for Institutional Yield　　The partnership between Rayls and Enzyme Finance focuses on improving the capability to back institutional-level operations on-chain. For this purpose, Enzyme Finance will offer fund infrastructure across structuring, issuance, NAV accounting, institutional fees, and subscription management frameworks. The inclusion of fund infrastructure permits Rayls to streamline procedures like structuring and issuance, guaranteeing investors seamless access to transparent and efficient systems.　　Apart from that, subscription management and NAV accounting further bolster the operational capability, whereas institutional fee models deliver scalability and clarity for asset management firms. This joint effort makes Rayls

04-29Industry

David Silver Superintelligence Initiative 5.1 Billion $

Tech　　David Silver Superintelligence Initiative 5.1 Billion $　　DeepMind‘s legendary scientist David Silver, the name that made history with AlphaGo’s 2016 victory over Go champion Lee Sedol, has sprung into action to reshape the future of artificial intelligence. He has secured $1.1 billion in investment for his new venture Ineffable Intelligence and established the company at a $5.1 billion valuation in January. Challenging the dominance of large language models, Silver positions reinforcement learning as the true key to superintelligence. With this method, AI systems evolve through trial and error, accumulating their own experiences without relying on human data. The venture aims to develop “superlearners” that pursue goals within simulations and progress by playing against themselves.　　Reinforcement Learning: The Renewable Intelligence Source　　Silver‘s career forms the foundation of this vision; while developing AlphaGo at DeepMind, he blended human data with reinforcement learning and self-play to produce unexpected strategies. He describes large language models as “fossil fuel” based on human-sourced data and uses the metaphor of a “renewable source” for unlimited learning. In his Wired interview, he defined their mission as “first contact with superintelligence”; he expects this intelligence to produce innovations on its own in fields like science, technology, governance, or economics. The concept, popularized

04-29Industry

Rayls Taps Enzyme Finance to Grow Institutional Yield Framework

Rayls, a renowned blockchain network for banking entities, has partnered with Enzyme Finance, a popular decentralized infrastructure platform. The partnership attempts to accelerate institutional-scale yield distribution. As per Rayls official social media announcement, the development addresses the wider infrastructure required for the on-chain onboarding of institutional assets. So, this move denotes the significance of developing a thorough operating stack dealing with institutional assets.　　Institutional yield distribution needs more than vault standards alone.@enzymefinance is joining Rayls as a launch partner, adding fund infrastructure to the ecosystem across issuance, structuring, administration, NAV accounting, subscription management, and institutional fee… pic.twitter.com/HiXqS1RRNm　　— Rayls (@RaylsLabs) April 28, 2026　　Rayls and Enzyme Join Forces to Grow On-Chain Infrastructure for Institutional Yield　　The partnership between Rayls and Enzyme Finance focuses on improving the capability to back institutional-level operations on-chain. For this purpose, Enzyme Finance will offer fund infrastructure across structuring, issuance, NAV accounting, institutional fees, and subscription management frameworks. The inclusion of fund infrastructure permits Rayls to streamline procedures like structuring and issuance, guaranteeing investors seamless access to transparent and efficient systems.　　Apart from that, subscription management and NAV accounting further bolster the operational capability, whereas institutional fee models deliver scalability and clarity for asset management firms. This joint effort makes Rayls

04-29Industry

Bitmine buys 45,000 ETH for $95.3M, holding 4.1% of total supply

Ethereum　　Bitmine buys 45,000 ETH for $95.3M, holding 4.1% of total supply　　Bitmine Immersion Technologies purchased 45,000 ETH valued at $95.3 million, while the market for Ethereum reaching $10,000 by the end of 2026 sits at 4% YES.　　Bitmine now holds 4.976 million ETH, roughly 4.12% of total supply. Despite the scale of the purchase, the odds for Ethereum hitting $10,000 by December 31, 2026, have not moved from 4% YES.　　The Ethereum market is thin, with daily actual USDC trading volume at just $100. It takes $1,446 to move the market by 5 percentage points, meaning a single large order could swing the odds substantially. The last notable movement was a 47-point drop from 50% to 2%.　　Bitmine‘s accumulation looks bullish on its own, but the market isn’t responding. For Ethereum to reach $10,000, institutional buying would need to translate into sustained upward price pressure, or a major technical catalyst like the Pectra upgrade boosting Layer 2 throughput would need to materialize. At 4¢ per YES share, the payout is 25x, but that price reflects how unlikely traders consider the outcome.　　Watch for announcements from Vitalik Buterin or major protocol upgrades that could shift sentiment. Any concrete technological change or large-scale institutional commitment beyond Bitmine

04-29Ethereum