Investors are reducing their holdings in riskier investments as they await the Federal Reserve’s upcoming decision on interest rates. According to Pepperstone analyst Michael Brown, many traders are expected to decrease their positions before the announcement, which is scheduled for 2 a.m. Beijing time on April 30.
KAIO, the brainchild of Nomura’s Laser Digital (yes, that’s a department name, not a movie title), has launched its governance token and a foundation to “oversee governance, treasury, and ecosystem growth.” Because nothing says “trust us” like a foundation that governs itself while managing a treasury it hopes to grow. The token’s 10 billion supply is as arbitrary as the number of people who still think “blockchain” isn’t just a buzzword. Vesting periods stretch up to 60 months, which is generous if you’re growing avocados but less so if you’re trying to get rich quick. Good luck explaining that to your kids in 2040.
It is a truth universally acknowledged, that a central bank in possession of a large reserve must be in want of diversification. Thus, in the bustling city of Las Vegas, where the air thrums with the energy of commerce and ambition, a European central banker, with the solemnity of a prophet, proclaimed the virtues of Bitcoin, that most enigmatic of assets. The gathering, a confluence of institutional investors and crypto enthusiasts, was left in a state of both bewilderment and intrigue. One might wonder whether the age of sovereign adoption is nearer than the most optimistic of dreamers dared to hope.
Crypto traders, ever the demanding bunch, have been crying out for tighter spreads and more markets. Who knew? Perp trading, once the exclusive domain of desktop users, now has a mobile-friendly rival. Suddenly, serious traders can have their spot, perps, and asset breadth-all without switching apps. Or, you know, actually leaving their couch.
Cole shared his thoughts on X (formerly Twitter) about the recent Bitcoin price drop. Bitcoin’s value fell from around $126,000 in October 2025 to approximately $60,000 in February. This decline put pressure on new investment products that are linked to the amount of Bitcoin companies hold.
Key Takeaways (with a dash of wit):
In an announcement that was likely met with cheers (or at least polite nods), Blockworks completed a Series A extension financing round, reaching a post-money valuation of $192 million, as reported by CNBC. The round was co-led by ParaFi Capital and Reciprocal Ventures, with a guest list that reads like a Who’s Who of the crypto world, including Coinbase Ventures, Advancit Capital, MoonPay, and over 20 founders and operators from leading blockchain protocols-because what’s a party without a few friends?
Senator Cynthia Lummis, that paragon of perseverance, did not flinch. She posted her reply the very day law enforcement factions rekindled a quarrel many on Capitol Hill had hoped might quietly expire, like a forgotten minuet.
BTC had clawed its way above $78,000 earlier this week, like a determined squirrel trying to reach a nut on a tree that keeps moving. That recovery is now gone, as the cryptocurrency slipped below $77,000 on April 28, trading at $76,180-its lowest level since April 22, when it had just reclaimed that threshold after weeks of struggling beneath it. The $77,000 mark is like a stubborn ex who won’t stop haunting your life, and Bitcoin’s recent history with it is a soap opera of heartbreak.
In a groundbreaking endeavor, Mike Novogratz’s Galaxy Digital (GLXY) has thrown its weight behind this $20 million funding round, aimed at revamping the $6 trillion asset-backed finance market, which still behaves like an old man trying to use a smartphone-bless its heart.