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On April 22, Bloomberg reported that cryptocurrency tycoon Li Lin is transferring his family office Avenir Group's trading team of about 20 people to his wealth management company Bitfire Group, in which he holds a 30% stake, to help the company attract more private banking clients. Livio Weng, CEO of the Hong Kong-listed Bitfire, stated in an interview that Bitfire will acquire the team and its trading systems from Avenir Group. Avenir has confirmed the transaction. With the new team on board, Bitfire has secured approximately $500 million in initial investment interest from family offices and listed companies. Bitfire launched its private banking business last August and has since added around 300 clients, primarily consisting of family offices, listed companies, and high-net-worth individuals. The company plans to expand its trading strategies for Ethereum and stablecoins later this year. It is expected that the assets under management for the private banking business will exceed $1 billion within two years.

[Bloomberg: Li Lin Transfers Avenir Group Trading Team to Bitfire Group, Secures $500 Million Investment Interest]On April 22, Bloomberg reported that cryptocurrency tycoon Li Lin is transferring his family office Avenir Group's trading team of about 20 people to his wealth management company Bitfire Group, in which he holds a 30% stake, to help the company attract more private banking clients. Livio Weng, CEO of the Hong Kong-listed Bitfire, stated in an interview that Bitfire will acquire the team and its trading systems from Avenir Group. Avenir has confirmed the transaction. With the new team on board, Bitfire has secured approximately $500 million in initial investment interest from family offices and listed companies. Bitfire launched its private banking business last August and has since added around 300 clients, primarily consisting of family offices, listed companies, and high-net-worth individuals. The company plans to expand its trading strategies for Ethereum and stablecoins later this year. It is expected that the assets under management for the private banking business will exceed $1 billion within two years.

Bloomberg: Li Lin Transfers Avenir Group Trading Team to Bitfire Group, Secures $500 Million Investment Interest

On April 22, Iranian state television reported that Iran urged the United Nations to demand the United States release the Iranian cargo ship 'TOUSKA' and its crew, calling the US's detention actions 'piracy.' The report stated that Iran's permanent representative to the UN, Majid Takht Ravanchi, sent a letter on the 21st to UN Secretary-General Antonio Guterres and the current president of the Security Council, requesting the UN to demand the immediate and unconditional release of the Iranian cargo ship 'TOUSKA,' its crew, and all affected individuals, including the crew's families. (Xinhua News Agency)

[Iran Urges UN to Demand Release of Detained Iranian Cargo Ship by the US]On April 22, Iranian state television reported that Iran urged the United Nations to demand the United States release the Iranian cargo ship 'TOUSKA' and its crew, calling the US's detention actions 'piracy.' The report stated that Iran's permanent representative to the UN, Majid Takht Ravanchi, sent a letter on the 21st to UN Secretary-General Antonio Guterres and the current president of the Security Council, requesting the UN to demand the immediate and unconditional release of the Iranian cargo ship 'TOUSKA,' its crew, and all affected individuals, including the crew's families. (Xinhua News Agency)

Iran Urges UN to Demand Release of Detained Iranian Cargo Ship by the US

On April 22, U.S. President Trump stated, "Iran does not want the Strait of Hormuz to be closed; they want it to remain open so they can earn $500 million a day (if it were closed, they would lose this income). The reason they claim to want to close the strait is that I have imposed a complete blockade (closure) on it, and they are just trying to 'save face.' Four days ago, someone came to me and said: Iran wants to reopen the strait immediately. But if we do that, we will never reach an agreement with Iran unless we destroy the rest of their country, including their leadership!"

[Trump: Iran Does Not Want to Close the Strait of Hormuz, Earning $500 Million Daily]On April 22, U.S. President Trump stated, "Iran does not want the Strait of Hormuz to be closed; they want it to remain open so they can earn $500 million a day (if it were closed, they would lose this income). The reason they claim to want to close the strait is that I have imposed a complete blockade (closure) on it, and they are just trying to 'save face.' Four days ago, someone came to me and said: Iran wants to reopen the strait immediately. But if we do that, we will never reach an agreement with Iran unless we destroy the rest of their country, including their leadership!"

Trump: Iran Does Not Want to Close the Strait of Hormuz, Earning $500 Million Daily

Prediction market platforms Kalshi and Polymarket announced on the same day their entry into perpetual contract trading, with underlying assets including gold, major US tech stocks, and Bitcoin, marking an expansion of their prediction market business boundaries. Analysts suggest that the launch of perpetual contracts by both platforms is aimed at competing with cryptocurrency trading platforms. However, there is a belief that perpetual contracts are no longer exclusive to cryptocurrency trading; they are a new trading type that traditional financial markets and Generation Z players are beginning to embrace. The two prediction markets seem to be particularly focused on competing with Hyperliquid, especially with the upcoming launch of HIP-4, which will venture into the prediction market space. Given Hyperliquid's current scale and momentum, Polymarket and Kalshi may be taking proactive measures.

[Kalshi and Polymarket Announce Launch of Perpetual Contract Trading, Possibly to Compete with Hyperliquid's Prediction Market Business]Prediction market platforms Kalshi and Polymarket announced on the same day their entry into perpetual contract trading, with underlying assets including gold, major US tech stocks, and Bitcoin, marking an expansion of their prediction market business boundaries. Analysts suggest that the launch of perpetual contracts by both platforms is aimed at competing with cryptocurrency trading platforms. However, there is a belief that perpetual contracts are no longer exclusive to cryptocurrency trading; they are a new trading type that traditional financial markets and Generation Z players are beginning to embrace. The two prediction markets seem to be particularly focused on competing with Hyperliquid, especially with the upcoming launch of HIP-4, which will venture into the prediction market space. Given Hyperliquid's current scale and momentum, Polymarket and Kalshi may be taking proactive measures.

Kalshi and Polymarket Announce Launch of Perpetual Contract Trading, Possibly to Compete with Hyperliquid's Prediction Market Business

According to an official announcement from Volo, a security vulnerability incident occurred involving the BTCFi and LST protocols on the Sui network, resulting in approximately $3.5 million in assets (including WBTC, XAUm, and USDC) being stolen from three specific Vaults. Following the incident, the team immediately notified the Sui Foundation and ecosystem partners, and froze all Vaults to prevent further losses. Volo stated that the vulnerability only affected the three Vaults, and that the remaining Vaults do not share the same attack vector, ensuring the safety of approximately $28 million in total value locked (TVL) assets. The official emphasized that they will bear the loss themselves and will not pass it on to users, and a complete post-incident report and remediation plan will be released after the investigation is completed.

[Sui Ecosystem DeFi Protocol Volo Hacked, Approximately $3.5 Million in Assets Stolen]According to an official announcement from Volo, a security vulnerability incident occurred involving the BTCFi and LST protocols on the Sui network, resulting in approximately $3.5 million in assets (including WBTC, XAUm, and USDC) being stolen from three specific Vaults. Following the incident, the team immediately notified the Sui Foundation and ecosystem partners, and froze all Vaults to prevent further losses. Volo stated that the vulnerability only affected the three Vaults, and that the remaining Vaults do not share the same attack vector, ensuring the safety of approximately $28 million in total value locked (TVL) assets. The official emphasized that they will bear the loss themselves and will not pass it on to users, and a complete post-incident report and remediation plan will be released after the investigation is completed.

Sui Ecosystem DeFi Protocol Volo Hacked, Approximately $3.5 Million in Assets Stolen

On April 22, Polymarket announced the upcoming launch of perpetual contract trading, allowing users to engage in leveraged long and short trading on assets such as gold, BTC, NVIDIA, and AAPL, and stated that registration will provide early access.

[Polymarket Announces Upcoming Launch of Perpetual Contract Trading]On April 22, Polymarket announced the upcoming launch of perpetual contract trading, allowing users to engage in leveraged long and short trading on assets such as gold, BTC, NVIDIA, and AAPL, and stated that registration will provide early access.

Polymarket Announces Upcoming Launch of Perpetual Contract Trading

On April 22, according to AXIOS: U.S. President Trump is considering extending the waiver period of the Jones Act to ease restrictions on oil transportation in the United States. (Jinshi)

[Trump Considering Extension of Jones Act Waiver to Ease U.S. Oil Transport Restrictions]On April 22, according to AXIOS: U.S. President Trump is considering extending the waiver period of the Jones Act to ease restrictions on oil transportation in the United States. (Jinshi)

Trump Considering Extension of Jones Act Waiver to Ease U.S. Oil Transport Restrictions

On April 22, the U.S. Department of Justice announced that Carmine Agnello, the grandson of mob boss John Gotti, was sentenced to 15 months in prison for fraudulently obtaining approximately $1.1 million in COVID relief funds and investing part of the money in cryptocurrency ventures. Prosecutors stated that between April 2020 and November 2021, Agnello secured multiple relief loans from the U.S. Small Business Administration (SBA) through false claims, falsely stating that the funds were for the operation of his auto parts and recycling business, while actually diverting the money for personal use, including approximately $420,000 invested in cryptocurrency-related investments. The U.S. Attorney's Office for the Eastern District of New York indicated that this misconduct occurred during the peak of the pandemic, representing a serious abuse of government assistance funds. Agnello is expected to begin serving his sentence on July 1. Additionally, official data shows that fraud related to COVID relief funds is a significant issue in the U.S., with the Government Accountability Office (GAO) estimating that about $135 billion (approximately 15% of the total) has been lost to fraudulent activities.

[Grandson of Mob Boss John Gotti Sentenced for Cryptocurrency Fraud]On April 22, the U.S. Department of Justice announced that Carmine Agnello, the grandson of mob boss John Gotti, was sentenced to 15 months in prison for fraudulently obtaining approximately $1.1 million in COVID relief funds and investing part of the money in cryptocurrency ventures. Prosecutors stated that between April 2020 and November 2021, Agnello secured multiple relief loans from the U.S. Small Business Administration (SBA) through false claims, falsely stating that the funds were for the operation of his auto parts and recycling business, while actually diverting the money for personal use, including approximately $420,000 invested in cryptocurrency-related investments. The U.S. Attorney's Office for the Eastern District of New York indicated that this misconduct occurred during the peak of the pandemic, representing a serious abuse of government assistance funds. Agnello is expected to begin serving his sentence on July 1. Additionally, official data shows that fraud related to COVID relief funds is a significant issue in the U.S., with the Government Accountability Office (GAO) estimating that about $135 billion (approximately 15% of the total) has been lost to fraudulent activities.

Grandson of Mob Boss John Gotti Sentenced for Cryptocurrency Fraud

On April 22, U.S. President Trump stated that Iran does not want to close the Strait of Hormuz; they want the strait to remain open so they can earn $500 million daily (thus, if they close it, they would lose this money). The reason Iran claims they want to close the strait is that I have completely blocked (closed) it, so they just want to 'save face.' (Jinshi)

[Trump: Iran Does Not Want to Close the Strait of Hormuz, They Want It Open]On April 22, U.S. President Trump stated that Iran does not want to close the Strait of Hormuz; they want the strait to remain open so they can earn $500 million daily (thus, if they close it, they would lose this money). The reason Iran claims they want to close the strait is that I have completely blocked (closed) it, so they just want to 'save face.' (Jinshi)

Trump: Iran Does Not Want to Close the Strait of Hormuz, They Want It Open

Commonwealth Bank of Australia (CBA), the country's largest lender, is reportedly planning to restrict payments made to cryptocurrency exchanges.  According to anonymous sources, CBA will tighten its anti-money laundering measures and may require customers to provide additional details about their cryptocurrency activities before making transactions.

[Australian Lender CBA Plans to Limit Payments to Crypto Exchanges]Commonwealth Bank of Australia (CBA), the country's largest lender, is reportedly planning to restrict payments made to cryptocurrency exchanges.  According to anonymous sources, CBA will tighten its anti-money laundering measures and may require customers to provide additional details about their cryptocurrency activities before making transactions.

Australian Lender CBA Plans to Limit Payments to Crypto Exchanges

Bitcoin Created By The CIA? Chinese Professor Jiang Xueqin Makes Bold Claim

BIT Research: Five Signals Flash Simultaneously, Has the Bitcoin Bear Market Ended?

Bitcoin Recovery Fails To Lift Market Sentiment From Extreme Fear

Nic Carter Says Bitcoin Has 3 Ways To Handle Satoshi’s Coins

Crypto And Financial Industry Giants Reveal What X Money Launch Means

Crypto Regulation: Polish Parliament Fails To Overturn Presidential Veto Again

Bitcoin Price Could See Another Crash, But What Is The Long-Term Prognosis?

BTC Market Pulse: Week 17

Shiba Inu Crosses 20,000 Burn Transactions Milestone, Dogecoin Eyes X Money, But Why Are Prices Down?

Strategy Surpasses 800K BTC as $2.5B Bitcoin Buying Spree Continues

Article

Spot Gold Falls Below $4,800/Ounce, Down 0.43% on the Day

Australian Lender CBA Plans to Limit Payments to Crypto Exchanges

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