Sam Bankman-Fried withdrew his Rule 33 motion for a new trial in New York federal court, citing concerns over a fair hearing before Judge Lewis Kaplan. He may renew the motion after his direct appeal. He was convicted in a high-profile case related to his crypto exchange FTX's collapse, but remains in legal proceedings.
Bitcoin is nearing $80,000, a critical resistance level that could determine its Q2 direction. CryptoQuant reports ETF investors and short-term whales are testing their break-even points at around $76,400 and $79,600, respectively. If Bitcoin surpasses $80,000, bullish momentum may continue; if not, a decline below $70,000 is possible. These groups' positions highlight key decision points for the market.
Coinbase, Ripple, and over 100 crypto firms urged the U.S. Senate to advance the CLARITY Act, which seeks clear regulatory roles for SEC and CFTC in digital assets. The Senate Banking Committee has delayed markup since January, with stablecoins remaining a key issue. Industry groups push for clearer oversight to foster growth and compliance.
The SEC's recent rule change removes the $25,000 minimum account balance requirement for day traders, effective immediately. This policy shift aims to democratize trading but may lead to increased market volatility, including in crypto markets. The move could significantly impact traders and crypto exchanges by enabling more individuals to engage in high-frequency trading strategies.
Illinois Governor JB Pritzker signed an executive order on April 23, 2026, banning state employees from using nonpublic information for insider betting on prediction markets and event-based contracts. This move comes amid Illinois's ongoing legal dispute with the Commodity Futures Trading Commission, which is seeking to block state enforcement against prediction market operators registered with the CFTC.
DeFi markets experienced a rapid revaluation within 48 hours last weekend, according to Di Bartolomeo. He highlights this as a significant achievement, noting that no regulator, auditor, or commentator has ever accomplished such a swift market repricing. The event underscores the dynamic and unpredictable nature of decentralized finance in the current Web3 landscape.
Tether has frozen $344 million in USDT linked to illicit activity, highlighting ongoing regulatory scrutiny of stablecoins. The move, announced in April 2026, underscores potential risks associated with stablecoins and may influence future compliance measures, potentially impacting market stability. This action reflects increased efforts to address illicit use within the crypto industry.