Author: Isabella Taylor
President Trump has fired Pam Bondi and replaced her with Todd Blanche as interim U.S. Attorney General — handing control of the Justice Department to the official who dismantled the DOJ’s crypto enforcement unit in April 2025 and holds up to $485,000 in personal digital asset holdings. Summary President Trump has replaced Attorney General Pam Bondi with Todd Blanche, the DOJ official who disbanded the National Cryptocurrency Enforcement Team in April 2025. Blanche, now acting AG, holds up to $485,000 in personal crypto holdings and authored the memo ending the DOJ’s regulation-by-prosecution approach to digital assets. The appointment hands the…
X is preparing to automatically lock any crypto scam account that mentions cryptocurrency for the first time in its posting history, with Head of Product Nikita Bier saying the measure should eliminate 99% of the economic incentive behind the platform’s most persistent category of fraud. Summary X Head of Product Nikita Bier confirmed on April 1 that the platform is implementing auto-locking and verification for any crypto scam account that posts about cryptocurrency for the first time in its history. The measure is designed to remove the economic incentive behind scam accounts that hijack or newly weaponize established profiles to…
Circle faced fresh scrutiny after onchain investigator ZachXBT alleged that the USDC issuer failed to freeze or blacklist about $420 million in illicit fund flows since 2022. Summary ZachXBT said Circle failed to freeze illicit USDC across 15 hack and fraud cases since 2022. The claims included GMX, Cetus, and Drift, where Circle allegedly had time to block funds. The accusations renewed debate over stablecoin issuers, compliance duties, and delayed responses to onchain crime. The claims centered on 15 hack and fraud cases in which Circle allegedly had time to act but did not move fast enough, according to ZachXBT’s…
Anthropic has entered US election financing with a new political action committee as debate over artificial intelligence policy grows in Washington. Summary Anthropic launched AnthroPAC, giving employees a channel to support candidates during rising AI policy debate. The PAC arrived as Anthropic battles Pentagon limits tied to weapons use and surveillance policy. Google-backed Texas expansion shows Anthropic is growing political reach while scaling infrastructure for AI demand. The move adds a new political step for the company at a time when it is also fighting the Pentagon in court and expanding its AI infrastructure plans. Anthropic filed a statement of…
Drift Protocol said the April 1 attack on its platform followed months of planning and social engineering. Summary Drift said attackers spent six months building trust before using malicious tools to breach contributor devices. The exchange linked the exploit with medium-high confidence to actors behind Radiant Capital’s October 2024 hack. Drift said repeated in-person contact at crypto events helped attackers study contributors and gain access. The decentralized exchange linked the case to a group that spent time building trust with contributors before sending malicious tools and links. External estimates put the loss at about $280 million. Drift Protocol said its…
Bitcoin (BTC) traded near $66,749 at press time, while market activity stayed muted across major digital assets. Summary Bitcoin traded near $66,749 as low volatility and weak liquidity kept traders watching for moves. Analyst Michaël van de Poppe said Bitcoin may sweep liquidity before a fast recovery upward. EGRAG CRYPTO said past Bitcoin cycle bottoms often reached the 1.618 Fibonacci zone before rebounding. The asset was down slightly in the past 24 hours, while seven-day gains stood at 0.81%. Daily trading volume reached $19.67 billion. That price action came during a period of weak movement in the market. Analysts tracked…
Bitcoin is showing mixed signals as on-chain data points in two different directions. Summary CryptoQuant said record Bitcoin inflows to accumulation addresses showed whales were quietly building positions daily. XWIN Research Japan said STH-SOPR near one showed short-term holders were selling at losses. Negative Coinbase Premium showed weak US demand, keeping Bitcoin bottom confirmation out of reach now. CryptoQuant analyst CW8900 said Bitcoin inflows to accumulation addresses are setting new records each day. The analyst said a large amount of BTC is moving into these wallets even as the market trades in a sideways range. According to CW8900, whale activity…
Peter Schiff has renewed his criticism of Bitcoin by questioning its long-term value as an investment. Summary Peter Schiff: Bitcoin gained 12% in five years, trailing gold, silver, Nasdaq, and S&P 500. Michael Saylor said Bitcoin has outperformed assets since August 2020, arguing time frame changes comparisons. Santiment data showed Bitcoin bearish sentiment reached late-February highs, with ratio at 0.81 in comments. In a post on X, he compared Bitcoin’s five-year return with gains in the Nasdaq, S&P 500, gold, and silver. His remarks framed the debate around whether Bitcoin still offers a stronger long-term case than traditional assets. Peter…
Bitcoin drew mixed public views after new comments from market observers focused on long-term performance and price structure. Summary Adam Livingston said Bitcoin trades 0.94 sigma below center as price structure tightens around power law. Livingston said Bitcoin’s historical trading range compressed sharply, with crashes and blowoff tops becoming less extreme. Peter Schiff said Bitcoin gained 12% in five years, trailing stocks, gold, and silver. Adam Livingston said Bitcoin’s recent price action shows a more stable pattern. In a post on X, he wrote that the asset’s oscillations are “dampening” and that the “funnel is closing.” He said this pattern…
XRP fell to fifth in crypto market cap rankings as BNB moved ahead, with weekly ETF outflows and a seven-month slide weighing on price now. Source link