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On April 29, Eric Trump, the son of former President Donald Trump, responded to Forbes' criticism regarding his significant profits from the Bitcoin business, which he claims harms MAGA investors. Eric stated that Forbes has become a disgrace in the journalism industry. Just over a year ago, his Bitcoin company, American Bitcoin (ABTC), did not even exist. ABTC went public on Nasdaq 7 months and 25 days ago and now holds over 7,000 Bitcoins, making it the 16th largest publicly traded Bitcoin company in the world, backed by a massive cluster of nearly 90,000 mining machines and a hash rate of 28 EH/s, utilizing the highest quality energy in the United States. In the fourth quarter alone, the Bitcoin on the balance sheet increased by 58%, with mining costs 53% lower than the market price of Bitcoin, and revenue reached $78.3 million, a 22% quarter-over-quarter increase. American Bitcoin can be said to be the company that has entered the 'Top 100' in this field at the fastest pace, and it is actively expanding its mining scale every day. This narrative is strikingly similar to the rhetoric used by Forbes in the past.

[Eric Trump Responds to Forbes: ABTC Ranks as 16th Largest Public Bitcoin Company, Critiques Similar Narratives from the Past]On April 29, Eric Trump, the son of former President Donald Trump, responded to Forbes' criticism regarding his significant profits from the Bitcoin business, which he claims harms MAGA investors. Eric stated that Forbes has become a disgrace in the journalism industry. Just over a year ago, his Bitcoin company, American Bitcoin (ABTC), did not even exist. ABTC went public on Nasdaq 7 months and 25 days ago and now holds over 7,000 Bitcoins, making it the 16th largest publicly traded Bitcoin company in the world, backed by a massive cluster of nearly 90,000 mining machines and a hash rate of 28 EH/s, utilizing the highest quality energy in the United States. In the fourth quarter alone, the Bitcoin on the balance sheet increased by 58%, with mining costs 53% lower than the market price of Bitcoin, and revenue reached $78.3 million, a 22% quarter-over-quarter increase. American Bitcoin can be said to be the company that has entered the 'Top 100' in this field at the fastest pace, and it is actively expanding its mining scale every day. This narrative is strikingly similar to the rhetoric used by Forbes in the past.

Eric Trump Responds to Forbes: ABTC Ranks as 16th Largest Public Bitcoin Company, Critiques Similar Narratives from the Past

On April 29, Forbes published an article criticizing Eric Trump, the second son of former President Donald Trump, for his Bitcoin business, describing it as a disaster. The article pointed out that Eric Trump promotes his Bitcoin company, American Bitcoin (ABTC), as a money-making machine, but it is actually just an arbitrage tool that exploits supporters of the MAGA (Make America Great Again) movement. Founded in 2025, American Bitcoin quickly went public on NASDAQ, leveraging the Trump family brand and the Bitcoin craze to boost its valuation to $13.2 billion. During a financial report meeting, Eric Trump heavily marketed the company as a 'leader in the Bitcoin world,' but in reality, the company has only a few full-time employees and primarily relies on story marketing rather than solid operations. The company continuously sells overvalued stocks to buy Bitcoin, while Eric invests almost nothing, increasing his personal wealth from approximately $190 million to $280 million, with other insiders also profiting significantly. Meanwhile, ordinary investors, especially MAGA supporters, have suffered heavy losses. Over the past eight months, American Bitcoin's stock has dropped about 92% from its peak, leading to cumulative losses of around $500 million for investors. Forbes questioned the actual profitability of American Bitcoin's mining operations, suggesting that its advertised 'half-price mining' is difficult to achieve and is more about using the Trump brand for high-priced stock dumping.

[Forbes Criticizes Eric Trump for Profiting from Bitcoin Business at the Expense of MAGA Investors]On April 29, Forbes published an article criticizing Eric Trump, the second son of former President Donald Trump, for his Bitcoin business, describing it as a disaster. The article pointed out that Eric Trump promotes his Bitcoin company, American Bitcoin (ABTC), as a money-making machine, but it is actually just an arbitrage tool that exploits supporters of the MAGA (Make America Great Again) movement. Founded in 2025, American Bitcoin quickly went public on NASDAQ, leveraging the Trump family brand and the Bitcoin craze to boost its valuation to $13.2 billion. During a financial report meeting, Eric Trump heavily marketed the company as a 'leader in the Bitcoin world,' but in reality, the company has only a few full-time employees and primarily relies on story marketing rather than solid operations. The company continuously sells overvalued stocks to buy Bitcoin, while Eric invests almost nothing, increasing his personal wealth from approximately $190 million to $280 million, with other insiders also profiting significantly. Meanwhile, ordinary investors, especially MAGA supporters, have suffered heavy losses. Over the past eight months, American Bitcoin's stock has dropped about 92% from its peak, leading to cumulative losses of around $500 million for investors. Forbes questioned the actual profitability of American Bitcoin's mining operations, suggesting that its advertised 'half-price mining' is difficult to achieve and is more about using the Trump brand for high-priced stock dumping.

Forbes Criticizes Eric Trump for Profiting from Bitcoin Business at the Expense of MAGA Investors

On April 29, LayerZero Labs announced its commitment to provide over 10,000 ETH to the DeFiUnited ecosystem rescue initiative led by Aave. This includes a donation of 5,000 ETH, along with an additional deposit of 5,000 ETH to enhance liquidity in the Aave market.

[LayerZero Commits Over 10,000 ETH to DeFiUnited, Including 5,000 ETH Donation]On April 29, LayerZero Labs announced its commitment to provide over 10,000 ETH to the DeFiUnited ecosystem rescue initiative led by Aave. This includes a donation of 5,000 ETH, along with an additional deposit of 5,000 ETH to enhance liquidity in the Aave market.

LayerZero Commits Over 10,000 ETH to DeFiUnited, Including 5,000 ETH Donation

On April 29, Pump.fun officially announced that it has permanently destroyed all PUMP tokens accumulated through buybacks, valued at approximately $370 million, which accounts for 36% of the current circulating supply. Pump.fun also initiated a one-year programmatic buyback and burn plan, committing to use 50% of the platform's revenue for the public market buyback of PUMP tokens, which will be immediately destroyed. The remaining 50% of the revenue will be allocated for team operations, product development, and ecosystem building to ensure sustainable growth of the project. Pump.fun stated that this move aims to rebuild community trust, reduce circulating supply, and enhance the long-term value of the token. According to HTX market information, the price of PUMP has surpassed $0.019, with a 24-hour increase of 7.1%.

[Pump.fun Permanently Destroys Approximately $370 Million in PUMP Tokens and Launches 50% Revenue Buyback and Burn Plan]On April 29, Pump.fun officially announced that it has permanently destroyed all PUMP tokens accumulated through buybacks, valued at approximately $370 million, which accounts for 36% of the current circulating supply. Pump.fun also initiated a one-year programmatic buyback and burn plan, committing to use 50% of the platform's revenue for the public market buyback of PUMP tokens, which will be immediately destroyed. The remaining 50% of the revenue will be allocated for team operations, product development, and ecosystem building to ensure sustainable growth of the project. Pump.fun stated that this move aims to rebuild community trust, reduce circulating supply, and enhance the long-term value of the token. According to HTX market information, the price of PUMP has surpassed $0.019, with a 24-hour increase of 7.1%.

Pump.fun Permanently Destroys Approximately $370 Million in PUMP Tokens and Launches 50% Revenue Buyback and Burn Plan

On April 29, according to OnchainLens monitoring, Bitmine staked 107,992 ETH, valued at $248 million, two hours ago. Currently, its total staked position amounts to 3,923,389 ETH, with a total value of $8.98 billion.

[Bitmine Staked 107,992 ETH Worth $248 Million Two Hours Ago]On April 29, according to OnchainLens monitoring, Bitmine staked 107,992 ETH, valued at $248 million, two hours ago. Currently, its total staked position amounts to 3,923,389 ETH, with a total value of $8.98 billion.

Bitmine Staked 107,992 ETH Worth $248 Million Two Hours Ago

On April 29, according to monitoring by Lookonchain, an early participant in the Ethereum ICO, address 0xCD59, transferred all 10,000 ETH (valued at $22.88 million) to a new wallet after being inactive for 10.8 years. This participant originally invested $3,100 in the Ethereum ICO and received 10,000 ETH, which now has a market value of $22.88 million, yielding a return of 7,381 times.

[Ethereum ICO Early Whale Moves 10,000 ETH to New Wallet After 10.8 Years of Silence]On April 29, according to monitoring by Lookonchain, an early participant in the Ethereum ICO, address 0xCD59, transferred all 10,000 ETH (valued at $22.88 million) to a new wallet after being inactive for 10.8 years. This participant originally invested $3,100 in the Ethereum ICO and received 10,000 ETH, which now has a market value of $22.88 million, yielding a return of 7,381 times.

Ethereum ICO Early Whale Moves 10,000 ETH to New Wallet After 10.8 Years of Silence

On April 29, the Office of Foreign Assets Control (OFAC) under the U.S. Department of the Treasury issued a clarifying document stating that U.S. individuals and entities are prohibited from paying transit fees to Iran for the security of the Strait of Hormuz. The document specifies that U.S. individuals, U.S. financial institutions, and foreign entities owned or controlled by Americans are not allowed to directly or indirectly pay transit fees to the Iranian government or the Islamic Revolutionary Guard Corps (IRGC). OFAC also indicated that non-U.S. individuals or entities making payments to Iran for the Strait of Hormuz transit fees could face significant sanctions risks. Due to sanctions imposed by the U.S. on the Iranian government and the IRGC under the pretext of non-proliferation and counter-terrorism, foreign financial institutions and other non-U.S. individuals or entities engaging in certain transactions or activities with sanctioned entities will face risks of sanctions. Transactions involving certain sectors of the Iranian economy may also expose foreign individuals or entities to sanctions risks. On the same day, OFAC added 17 foreign individuals and 18 foreign entities to its sanctions list related to Iran.

[US Prohibits Payments to Iran for Strait of Hormuz Transit Fees]On April 29, the Office of Foreign Assets Control (OFAC) under the U.S. Department of the Treasury issued a clarifying document stating that U.S. individuals and entities are prohibited from paying transit fees to Iran for the security of the Strait of Hormuz. The document specifies that U.S. individuals, U.S. financial institutions, and foreign entities owned or controlled by Americans are not allowed to directly or indirectly pay transit fees to the Iranian government or the Islamic Revolutionary Guard Corps (IRGC). OFAC also indicated that non-U.S. individuals or entities making payments to Iran for the Strait of Hormuz transit fees could face significant sanctions risks. Due to sanctions imposed by the U.S. on the Iranian government and the IRGC under the pretext of non-proliferation and counter-terrorism, foreign financial institutions and other non-U.S. individuals or entities engaging in certain transactions or activities with sanctioned entities will face risks of sanctions. Transactions involving certain sectors of the Iranian economy may also expose foreign individuals or entities to sanctions risks. On the same day, OFAC added 17 foreign individuals and 18 foreign entities to its sanctions list related to Iran.

US Prohibits Payments to Iran for Strait of Hormuz Transit Fees

On April 29, according to GMGN market information, the market cap of the Ethereum ecosystem token uPEG briefly surpassed $12 million, setting a new historical high, currently reported at $11.22 million, with a 24-hour increase of 52.7% and a trading volume of $3.7 million in the past 24 hours. Public information shows that Unipeg (token uPEG) focuses on on-chain objects built using Uniswap V4 Hooks. Each transaction can automatically generate a unique 24×24 SVG pixel art unicorn image in real-time, requiring no artists or minting, and is entirely driven by on-chain mechanisms. Previously reported, on April 25, OpenSea CMO Adam Hollander purchased a small amount of the Ethereum ecosystem token uPEG and stated, 'I’m just interested in this concept and want to experiment with it.' This move triggered a temporary surge of over 3 times for uPEG. BlockBeats reminds users that the prices of related tokens are highly volatile, and users should invest with caution.

[Ethereum Ecosystem Token uPEG Market Cap Surpasses $12 Million, Setting New Record]On April 29, according to GMGN market information, the market cap of the Ethereum ecosystem token uPEG briefly surpassed $12 million, setting a new historical high, currently reported at $11.22 million, with a 24-hour increase of 52.7% and a trading volume of $3.7 million in the past 24 hours. Public information shows that Unipeg (token uPEG) focuses on on-chain objects built using Uniswap V4 Hooks. Each transaction can automatically generate a unique 24×24 SVG pixel art unicorn image in real-time, requiring no artists or minting, and is entirely driven by on-chain mechanisms. Previously reported, on April 25, OpenSea CMO Adam Hollander purchased a small amount of the Ethereum ecosystem token uPEG and stated, 'I’m just interested in this concept and want to experiment with it.' This move triggered a temporary surge of over 3 times for uPEG. BlockBeats reminds users that the prices of related tokens are highly volatile, and users should invest with caution.

Ethereum Ecosystem Token uPEG Market Cap Surpasses $12 Million, Setting New Record

On April 29, TSMC announced through an exchange notice that its subsidiary TSMC Partners Ltd. has sold 1.11 million shares of Arm Holdings, cashing out $231 million. The transaction took place between April 28 and 29. (Dongxin News Agency)

[TSMC Sells $231 Million in Arm Holdings Shares]On April 29, TSMC announced through an exchange notice that its subsidiary TSMC Partners Ltd. has sold 1.11 million shares of Arm Holdings, cashing out $231 million. The transaction took place between April 28 and 29. (Dongxin News Agency)

TSMC Sells $231 Million in Arm Holdings Shares

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