$330M Bitcoin Theft Spikes XMR

️ On today's Top Picks:

Crypto News

• ⭐️ Strategy $MSTR buys an additional 15,355 Bitcoin $BTC for ~$1.42B at ~$92,737 per BTC; now holds 553,555 BTC worth ~$52B.

• Governor Katie Hobb's signature; allows the state treasurer and retirement system to invest up to 10% of available funds into BTC.

• Ethereum $ETH Fusaka hard fork upgrade expected to launch in Q3 or Q4 2025; the EVM Object Format (EOF) upgrade planned to be included was canceled due to technical uncertainty and potential delay risks.

• Ethereum $ETH researcher Dankrad Feist proposes EIP-9698; proposes an exponential increase in the Ethereum gas limit, allowing it to grow 100x over four years through client-side defaults

• ⭐️ Galaxy Digital deposits 23,900 Ethereum $ETH worth ~$42M to Coinbase; swapped $100M of ETH for Solana $SOL last week.

• Bitget to legally pursue 8 accounts suspected of trading manipulation; to return any recovered fund to users with an airdrop.

• FTX files lawsuits against certain token & coin issuers that hold FTX assets and refused to cooperate; filed complaints against NFT Stars Limited and KUROSEMI INC (Delysium).

• Digital Asset Investment Products saw $3.4B of inflows last week; Bitcoin $BTC $3.18B inflows, Ethereum $ETH $183M inflows, Solana $SOL $5.7M outflows, Ripple $XRP $31.6M inflows, & Sui $SUI $20.7M inflows.

Alpha

• Initia launches unfrozen Jennies claim; testnet users are eligible.

• Movement to launch $MOVE MoveDrop by the end of April; Movement Co-founder Rushi Manche recently stated to expect additional incentives.

• Movement Cornucopia deposits unlock; assets now available for withdrawal on Movement mainnet.

• ICYMI Weekly Airdrop Recap by Earndrop.

Airdrops

• Sign launches $SIGN airdrop claim; Sign SBT holders, EthSign OG users, & more are eligible.

• ⭐️ MilkyWay to launch $MILK airdrop claim on April 27th at 10AM UTC; airdrop eligibily & allocation checker already live; mPoint holders, Moolitia NFT holders, & milkINIT testers are eligible.

• ICYMI Initia launches $INIT airdrop claim; testnet participants, power users of LayerZero, IBC, & MilkTIA, and social contributors are eligible.

• ICYMI Dolomite launches $DOLO airdrop claim; Dolomite users are eligible.

Finance News

• China President Xi Jinping says US President Trump did NOT call him as he previously claimed.

• Mastercard $MA unveils new stablecoin acceptance & payments capabilities; includes card issuance, merchant settlement, onchain remittances, & more.

• US Senator Josh Hawley reintroduces the PELOSI Act to Congress; Preventing Elected Leaders from Owning Securities and Investments Act.

• ⭐️ Nike $NKE faces $5M class action lawsuit over shutdown of NFT subsidiary RTKFT; plaintiffs allege they were misled into buying unregistered securities.

• Key Events This Week by The Kobeissi Letter.

Security and Exploits

• ⭐️ ZachXBT reports a suspicious transfer of ~$330M of Bitcoin $BTC; the BTC was laundered through several exchanges and converted to Monero $XMR causing the price to spike.

• Loopscale exploited for $5.7M of $USDC & Solana $SOL; exploiter accepts 10% bounty in exchange for returning 90% of exploited funds.

• US DOJ reportedly launches criminal antitrust investigation into TP-Link; alleges predatory pricing and examines potential national security risk.

Token Unlocks

• Optimism $OP / ~$25M / APR 30th
• Kamino $KMNO / ~$14M / APR 30th
• Sui $SUI / ~$263M / MAY 01st
• ZetaChain $ZETA / ~$12M / MAY 01st
Sourced from Tokenomist

Funding

• Ika raises an undisclosed amount in Strategic funding from the Sui Foundation.

• YOAKE raises $1.25M in Private Sale from several investors.

The Degen Farmer