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In brief The U.S. Treasury sanctioned Cambodian Senator Kok An and 28 related entities accused of running a crypto scam network. Officials say trafficking victims were forced to run scams that tricked people into sending money. The action was coordinated with a federal anti-scam task force focused on Southeast Asia. The U.S. Treasury Department sanctioned a powerful Cambodian senator and 28 entities associated with him Thursday, claiming he is at the center of a massive crypto scam operation.The senator, Kok An, is one of the richest and best-connected men in Cambodia, who owns a sprawling portfolio of resorts and casinos.…

In brief An economist at USDC issuer Circle proposed an emergency overhaul of Aave’s lending mechanics, advocating for a 50% maximum borrowing rate. Making Aave an “irresistible destination” for capital should alleviate a liquidity crisis that has left stablecoins trapped in the DeFi giant for the past five days, he said. Meanwhile, liquid staking protocol Lido fielded a proposal that would divert funds to a dedicated relief vehicle for Aave users. An economist at USDC issuer Circle proposed an emergency overhaul of Aave’s lending mechanics on Wednesday, calling for a massive interest rate hike to break a liquidity crunch that…

Make CryptoSlate preferred on Just as investors were trying to steady the 2026 rate outlook, the oil market handed the Federal Reserve a fresh inflation problem.The Fed meets on April 28 and 29. On April 30, the US Bureau of Economic Analysis (BEA) is scheduled to publish the advance estimate for first quarter GDP alongside March personal income and outlays, the release that includes the Fed’s preferred PCE inflation gauge.Any one of those events can jolt markets on its own. But packed into three days, they become a stress test for the easing narrative that carried risk assets into spring.Bitcoin…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Iran had already begun collecting crypto payments from ships crossing the Strait of Hormuz when US authorities moved to cut off the money. On Friday, the Treasury Department announced it had frozen over $340 million in cryptocurrency tied to Iranian military and political groups — the same amount stablecoin issuer Tether had quietly locked down just 24 hours earlier. Bitcoin Tolls At A Global Chokepoint Reports say Iran had been charging vessels in Bitcoin for safe passage through the Strait of Hormuz, one of the world’s most…

In brief Researchers say prolonged chatbot use can amplify delusions and dangerous behavior. Grok ranked as the riskiest model in a new study of major AI chatbots. Claude and GPT-5.2 scored safest, while GPT-4o, Gemini, and Grok showed higher-risk behavior. Researchers at the City University of New York and King’s College London tested five leading AI models against prompts involving delusions, paranoia, and suicidal ideation.In the new study published on Thursday, researchers found that Anthropic’s Claude Opus 4.5 and OpenAI’s GPT-5.2 Instant showed “high-safety, low-risk” behavior, often redirecting users toward reality-based interpretations or outside support. At the same time, OpenAI’s…

Make CryptoSlate preferred on Just as investors were trying to steady the 2026 rate outlook, the oil market handed the Federal Reserve a fresh inflation problem.The Fed meets on April 28 and 29. On April 30, the US Bureau of Economic Analysis (BEA) is scheduled to publish the advance estimate for first quarter GDP alongside March personal income and outlays, the release that includes the Fed’s preferred PCE inflation gauge.Any one of those events can jolt markets on its own. But packed into three days, they become a stress test for the easing narrative that carried risk assets into spring.Bitcoin…

In brief Researchers say prolonged chatbot use can amplify delusions and dangerous behavior. Grok ranked as the riskiest model in a new study of major AI chatbots. Claude and GPT-5.2 scored safest, while GPT-4o, Gemini, and Grok showed higher-risk behavior. Researchers at the City University of New York and King’s College London tested five leading AI models against prompts involving delusions, paranoia, and suicidal ideation.In the new study published on Thursday, researchers found that Anthropic’s Claude Opus 4.5 and OpenAI’s GPT-5.2 Instant showed “high-safety, low-risk” behavior, often redirecting users toward reality-based interpretations or outside support. At the same time, OpenAI’s…

Make CryptoSlate preferred on Just as investors were trying to steady the 2026 rate outlook, the oil market handed the Federal Reserve a fresh inflation problem.The Fed meets on April 28 and 29. On April 30, the US Bureau of Economic Analysis (BEA) is scheduled to publish the advance estimate for first quarter GDP alongside March personal income and outlays, the release that includes the Fed’s preferred PCE inflation gauge.Any one of those events can jolt markets on its own. But packed into three days, they become a stress test for the easing narrative that carried risk assets into spring.Bitcoin…

In brief U.S. president Donald Trump said the world has become “somewhat of a casino” following the rise of prediction markets. A U.S. soldier has been charged with using classified information to profit on Maduro-related bets. Trump’s son, Donald Jr. serves as an advisor to prediction markets Polymarket and Kalshi. U.S. President Donald Trump on Thursday said he wasn’t happy about the growing influence of prediction markets, after U.S. authorities charged a soldier with exploiting classified information to place profitable bets tied to the removal of Venezuelan leader Nicolás Maduro.“You know, the whole world, unfortunately, has become somewhat of a…

In brief U.S. president Donald Trump said the world has become “somewhat of a casino” following the rise of prediction markets. A U.S. soldier has been charged with using classified information to profit on Maduro-related bets. Trump’s son, Donald Jr. serves as an advisor to prediction markets Polymarket and Kalshi. U.S. President Donald Trump on Thursday said he wasn’t happy about the growing influence of prediction markets, after U.S. authorities charged a soldier with exploiting classified information to place profitable bets tied to the removal of Venezuelan leader Nicolás Maduro.“You know, the whole world, unfortunately, has become somewhat of a…

In brief Bitcoin’s funding rate turned negative to -1.8%, its lowest since 2023—a historically bullish signal according to VanEck analysts. Hash rate recovery after three recent decline episodes suggests favorable conditions ahead, the analysis shows. Bitcoin’s price rose above $79,000 this week for the first time since January. After Bitcoin popped to its highest price since January earlier this week, VanEck analysts said Friday that they continue to see bullish on-chain signals around the leading cryptocurrency, with historically profitable conditions emerging across key metrics.Bitcoin’s hash rate currently sits at a 30-day moving average of 985.5 EH/s, down 7.5% from its…

Make CryptoSlate preferred on The world’s central banks stopped arguing about whether stablecoins are risky long ago. Their main concern now is about who will control them and how.On April 20, BIS General Manager Pablo Hernandez de Cos called for global cooperation on stablecoins, describing it as “critically important.”The Bank for International Settlements, often called the central bankers’ central bank, has raised concerns about stablecoins before, but the language they’ve used is much sharper now. De Cos warned about runs that could trigger market stress, about dollar-pegged tokens accelerating the dollarization of developing economies, and about fragmented regulatory frameworks that private firms…

In brief Bitcoin’s funding rate turned negative to -1.8%, its lowest since 2023—a historically bullish signal according to VanEck analysts. Hash rate recovery after three recent decline episodes suggests favorable conditions ahead, the analysis shows. Bitcoin’s price rose above $79,000 this week for the first time since January. After Bitcoin popped to its highest price since January earlier this week, VanEck analysts said Friday that they continue to see bullish on-chain signals around the leading cryptocurrency, with historically profitable conditions emerging across key metrics.Bitcoin’s hash rate currently sits at a 30-day moving average of 985.5 EH/s, down 7.5% from its…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After the early-week jitters, the Bitcoin price eventually mustered the bullish momentum that has become a mainstay of its weekly performance. Rising from its sub-$74,000 ashes, the premier cryptocurrency soared to an almost three-month high above $79,000 on Wednesday, April 22. However, there has been a minor concern about Bitcoin’s price failing to breach $80,000 in its latest rally. Below is an on-chain perspective on why the market leader’s price action has slowed over the past few days. Bitcoin Price Faces Significant Resistance At $80K In a…

In brief Aave and a coalition of DeFi protocols are mounting a coordinated recovery effort dubbed “DeFi United” to absorb bad debt from the April 18 KelpDAO exploit. Commitments span multiple platforms with Aave founder Stani Kulechov contributing 5,000 ETH personally. Mantle has proposed a credit facility of up to 30,000 ETH to support Aave DAO, while contributors like Lido and Tydro confirmed participation in the relief effort. Aave and a coalition of DeFi protocols are mobilizing a coordinated recovery effort, branded “DeFi United,” to absorb bad debt stemming from the April 18 exploit that drained $292 million from KelpDAO’s…

Make CryptoSlate preferred on The world’s central banks stopped arguing about whether stablecoins are risky long ago. Their main concern now is about who will control them and how.On April 20, BIS General Manager Pablo Hernandez de Cos called for global cooperation on stablecoins, describing it as “critically important.”The Bank for International Settlements, often called the central bankers’ central bank, has raised concerns about stablecoins before, but the language they’ve used is much sharper now. De Cos warned about runs that could trigger market stress, about dollar-pegged tokens accelerating the dollarization of developing economies, and about fragmented regulatory frameworks that private firms…