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On April 25, the U.S. Department of Justice disclosed that Evan Tangeman, a core member of a cryptocurrency theft and money laundering network, has been sentenced to 70 months in federal prison by a U.S. court, with the case involving over $263 million. Prosecutors allege that the criminal network is led by Singaporean suspect Malone Lam (who has not yet been convicted), employing complex social engineering techniques to carry out attacks across multiple states and borders, stealing significant amounts of crypto assets. As a key figure in the money laundering operation, Tangeman admitted to assisting in laundering at least $3.5 million in illegal funds, converting crypto assets into cash, and renting several luxury properties in Los Angeles and Miami for the gang, some valued between $4 million and $9 million. Investigations revealed that many gang members are under 20 years old and lack stable income sources, yet maintain a lavish lifestyle funded by criminal proceeds, including supercars, luxury watches, high-end goods, and nightclub expenses reaching up to $500,000 per night. Prosecutors also noted that Tangeman received luxury cars like a Lamborghini Urus as 'payment' from accomplices and instructed the destruction of electronic evidence after his associates were arrested. U.S. prosecutors stated that the case exemplifies the 'greed-driven scale of operation' of this criminal network, with several members already pleading guilty or facing charges, and the case is still under further review.

[Key Member of Crypto Theft and Money Laundering Case Led by Singaporean Malone Lam Sentenced to 70 Months]On April 25, the U.S. Department of Justice disclosed that Evan Tangeman, a core member of a cryptocurrency theft and money laundering network, has been sentenced to 70 months in federal prison by a U.S. court, with the case involving over $263 million. Prosecutors allege that the criminal network is led by Singaporean suspect Malone Lam (who has not yet been convicted), employing complex social engineering techniques to carry out attacks across multiple states and borders, stealing significant amounts of crypto assets. As a key figure in the money laundering operation, Tangeman admitted to assisting in laundering at least $3.5 million in illegal funds, converting crypto assets into cash, and renting several luxury properties in Los Angeles and Miami for the gang, some valued between $4 million and $9 million. Investigations revealed that many gang members are under 20 years old and lack stable income sources, yet maintain a lavish lifestyle funded by criminal proceeds, including supercars, luxury watches, high-end goods, and nightclub expenses reaching up to $500,000 per night. Prosecutors also noted that Tangeman received luxury cars like a Lamborghini Urus as 'payment' from accomplices and instructed the destruction of electronic evidence after his associates were arrested. U.S. prosecutors stated that the case exemplifies the 'greed-driven scale of operation' of this criminal network, with several members already pleading guilty or facing charges, and the case is still under further review.

Key Member of Crypto Theft and Money Laundering Case Led by Singaporean Malone Lam Sentenced to 70 Months

On April 25, a16z posted on X stating that stablecoin trading is thriving. The monthly collateral trading volume of Rain-supported programs (such as Etherfi Cash, Kast, Wallbit, etc.) has grown from nearly zero in November 2024 to over $300 million per month by early 2026.

[Monthly Collateral Trading Volume of Rain-Supported Programs Exceeds $300 Million]On April 25, a16z posted on X stating that stablecoin trading is thriving. The monthly collateral trading volume of Rain-supported programs (such as Etherfi Cash, Kast, Wallbit, etc.) has grown from nearly zero in November 2024 to over $300 million per month by early 2026.

Monthly Collateral Trading Volume of Rain-Supported Programs Exceeds $300 Million

On April 25, Bitcoin developer Paul Sztorc announced that a hard fork upgrade named 'eCash' will take place in August on the Bitcoin network, aiming to build a new competitive Layer 1 network and seven Layer 2 scaling networks (Drivechains). According to his disclosure, after the fork is completed, BTC holders will be able to exchange their coins for eCash at a 1:1 ratio. The new Layer 1 node software will be 'almost entirely replicated' from the Bitcoin Core client and will continue to use the SHA-256 algorithm while lowering the initial mining difficulty to enhance participation. Additionally, eCash will introduce seven Layer 2 scaling networks to improve transaction throughput and support optional on-chain privacy features. Sztorc emphasized that this proposal differs from forks like Bitcoin Cash in 2017 and stated that eCash aims to 'fix long-standing issues with Bitcoin.' However, the community has shown a divided reaction to this design. One of the focal points of controversy is the plan to 'manually redistribute' a portion of Satoshi Nakamoto's approximately 1.1 million BTC assets to early participants, which has drawn strong opposition from some Bitcoin supporters who believe this action infringes on the original chain's assets. This proposal has also garnered attention in the context of the ongoing debate over Bitcoin scaling solutions, particularly surrounding core issues such as privacy features, quantum resistance, and the development path of the Lightning Network.

[Bitcoin Developer Paul Sztorc Announces Hard Fork eCash in August]On April 25, Bitcoin developer Paul Sztorc announced that a hard fork upgrade named 'eCash' will take place in August on the Bitcoin network, aiming to build a new competitive Layer 1 network and seven Layer 2 scaling networks (Drivechains). According to his disclosure, after the fork is completed, BTC holders will be able to exchange their coins for eCash at a 1:1 ratio. The new Layer 1 node software will be 'almost entirely replicated' from the Bitcoin Core client and will continue to use the SHA-256 algorithm while lowering the initial mining difficulty to enhance participation. Additionally, eCash will introduce seven Layer 2 scaling networks to improve transaction throughput and support optional on-chain privacy features. Sztorc emphasized that this proposal differs from forks like Bitcoin Cash in 2017 and stated that eCash aims to 'fix long-standing issues with Bitcoin.' However, the community has shown a divided reaction to this design. One of the focal points of controversy is the plan to 'manually redistribute' a portion of Satoshi Nakamoto's approximately 1.1 million BTC assets to early participants, which has drawn strong opposition from some Bitcoin supporters who believe this action infringes on the original chain's assets. This proposal has also garnered attention in the context of the ongoing debate over Bitcoin scaling solutions, particularly surrounding core issues such as privacy features, quantum resistance, and the development path of the Lightning Network.

Bitcoin Developer Paul Sztorc Announces Hard Fork eCash in August

Bitcoin Fear and Greed Index is 31. Fear.
Current Price: $77520.75.

[Bitcoin Fear and Greed Index is 31]Bitcoin Fear and Greed Index is 31. Fear.
Current Price: $77520.75.

Bitcoin Fear and Greed Index is 31

On April 25, Project Eleven awarded 1 Bitcoin to a developer who used Shor's algorithm to break a 15-digit elliptic curve key on publicly available quantum hardware. Compared to previous public demonstrations, the success rate of this breakthrough improved by 512 times, highlighting the increasing risks faced by the $25 trillion worth of elliptic curve keys that protect digital assets such as Bitcoin and Ethereum.

[Project Eleven Rewards 1 Bitcoin for Breaking 15-Digit Elliptic Curve Key]On April 25, Project Eleven awarded 1 Bitcoin to a developer who used Shor's algorithm to break a 15-digit elliptic curve key on publicly available quantum hardware. Compared to previous public demonstrations, the success rate of this breakthrough improved by 512 times, highlighting the increasing risks faced by the $25 trillion worth of elliptic curve keys that protect digital assets such as Bitcoin and Ethereum.

Project Eleven Rewards 1 Bitcoin for Breaking 15-Digit Elliptic Curve Key

On April 25, as the price of Bitcoin approaches the $80,000 mark, on-chain data shows that whales are rapidly increasing their BTC holdings, indicating that the market may be entering a critical trend reversal phase. Santiment reports that key addresses holding between 10 and 10,000 BTC have accumulated approximately 40,967 BTC since April 10, valued at around $3.17 billion. Meanwhile, smaller holders are benefiting, as this structure of 'whales continuously buying while retail investors gradually take profits' historically corresponds to stronger medium to long-term upward trends and may constitute 'one of the strongest bull market signals.' In the market, BTC briefly rose to $79,327 before retreating to around $77,390, with a cumulative increase of about 8.6% over the past 30 days. Analysts believe that if BTC breaks through the $80,000 level, it could reactivate market sentiment and attract new capital. Additionally, the Head of Research at Bitwise Europe noted that institutional demand is clearly accelerating, while Santiment indicated that market sentiment has shifted from 'extreme pessimism' to 'strong FOMO,' but overall remains in the 'fear' zone, suggesting that the market has not yet fully overheated.

[Analysis: Bitcoin Whales Accelerate Accumulation, Approaching $80,000 May Trigger Long-Term Bull Market Signal]On April 25, as the price of Bitcoin approaches the $80,000 mark, on-chain data shows that whales are rapidly increasing their BTC holdings, indicating that the market may be entering a critical trend reversal phase. Santiment reports that key addresses holding between 10 and 10,000 BTC have accumulated approximately 40,967 BTC since April 10, valued at around $3.17 billion. Meanwhile, smaller holders are benefiting, as this structure of 'whales continuously buying while retail investors gradually take profits' historically corresponds to stronger medium to long-term upward trends and may constitute 'one of the strongest bull market signals.' In the market, BTC briefly rose to $79,327 before retreating to around $77,390, with a cumulative increase of about 8.6% over the past 30 days. Analysts believe that if BTC breaks through the $80,000 level, it could reactivate market sentiment and attract new capital. Additionally, the Head of Research at Bitwise Europe noted that institutional demand is clearly accelerating, while Santiment indicated that market sentiment has shifted from 'extreme pessimism' to 'strong FOMO,' but overall remains in the 'fear' zone, suggesting that the market has not yet fully overheated.

Analysis: Bitcoin Whales Accelerate Accumulation, Approaching $80,000 May Trigger Long-Term Bull Market Signal

On April 25, data showed that Grayscale has staked 102,400 ETH, valued at over $237 million.

[Grayscale Stakes 102,400 ETH Worth Over $237 Million]On April 25, data showed that Grayscale has staked 102,400 ETH, valued at over $237 million.

Grayscale Stakes 102,400 ETH Worth Over $237 Million

On April 25, according to monitoring by Farside, the US spot Bitcoin ETF had a net inflow of $14.4 million yesterday, marking nine consecutive trading days of net inflows.

[US Spot Bitcoin ETF Sees $14.4 Million Net Inflow for Nine Consecutive Trading Days]On April 25, according to monitoring by Farside, the US spot Bitcoin ETF had a net inflow of $14.4 million yesterday, marking nine consecutive trading days of net inflows.

US Spot Bitcoin ETF Sees $14.4 Million Net Inflow for Nine Consecutive Trading Days

On April 25, Arkham posted on the X platform that Avi Eisenberg, the attacker who profited approximately $110 million by manipulating the price oracle of Mango Markets in 2022, has recently signed transactions with his on-chain address, drawing significant attention from the community. Avi Eisenberg previously exploited vulnerabilities in Mango Finance to execute 'high-profit trades', later threatened to attack Aave, and was liquidated himself on Curve while attempting to liquidate others' positions. After these incidents, he was arrested and imprisoned. Now, with his address showing on-chain activity again, the market is speculating whether he has returned to the crypto market, although no further details have been disclosed.

[Mango Markets Attacker Avi Eisenberg's Address Reappears with On-Chain Signatures, Sparking Community Concern]On April 25, Arkham posted on the X platform that Avi Eisenberg, the attacker who profited approximately $110 million by manipulating the price oracle of Mango Markets in 2022, has recently signed transactions with his on-chain address, drawing significant attention from the community. Avi Eisenberg previously exploited vulnerabilities in Mango Finance to execute 'high-profit trades', later threatened to attack Aave, and was liquidated himself on Curve while attempting to liquidate others' positions. After these incidents, he was arrested and imprisoned. Now, with his address showing on-chain activity again, the market is speculating whether he has returned to the crypto market, although no further details have been disclosed.

Mango Markets Attacker Avi Eisenberg's Address Reappears with On-Chain Signatures, Sparking Community Concern

On April 23, Goldman Sachs projected that the prices of DRAM and NAND in the market will soar by 250-280% and 200-250% respectively by 2026, a significant increase from the January forecasts of 150% and 100%. This phenomenon is primarily driven by the dual forces of demand from AI servers and supply constraints, indicating that the level of market shortage will far exceed previous expectations.

[Goldman Sachs Raises DRAM and NAND Price Forecasts Significantly, Market Shortage Exceeds Previous Expectations]On April 23, Goldman Sachs projected that the prices of DRAM and NAND in the market will soar by 250-280% and 200-250% respectively by 2026, a significant increase from the January forecasts of 150% and 100%. This phenomenon is primarily driven by the dual forces of demand from AI servers and supply constraints, indicating that the level of market shortage will far exceed previous expectations.

Goldman Sachs Raises DRAM and NAND Price Forecasts Significantly, Market Shortage Exceeds Previous Expectations

The Image Generation Model That's Hotter Than Nano Banana Has Leaked, Screenshots Are No Longer Evidence | Includes Prompts

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Article

Melius Research Raises Intel's Target Price from $75 to $100

Goldman Sachs Raises DRAM and NAND Price Forecasts Significantly, Market Shortage Exceeds Previous Expectations

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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