24H Hot Cryptocurrencies and Key News｜Justin Sun Files Lawsuit Against World Liberty Financial; Iran Has No Plans for Friday Talks with the US (April 23)
- Core View: The market rebounded driven by risk mitigation, but overall sentiment remains cautious. Meanwhile, the industry saw significant developments in regulatory legislation, project security, and investment & financing.
- Key Elements:
- Market Performance: Major cryptocurrencies like BTC and ETH generally rose, with RUNE gaining 7.47% in 24 hours. On OKX's top gainers list, SPK and CORE surged over 30%, indicating active local market hotspots.
- Regulatory Dynamics: Russia passed the first reading of a cryptocurrency bill aimed at establishing a core legal framework and directing transactions to licensed institutions; South Korea's Democratic Party plans to advance stablecoin legislation after the June elections.
- Project Security: AAVE's founder stated they are advancing multiple plans for an orderly recovery; the Arbitrum Security Council has recovered $70 million worth of ETH; the KelpDAO attacker has cross-chain transferred the funds.
- Industry Lawsuits: Justin Sun sued World Liberty Financial, alleging improper token freezing; Coinbase moved the New York Attorney General's lawsuit over its prediction market business to federal court.
- Institutional Views: QCP Capital analysis suggests the BTC rebound was primarily driven by the easing of geopolitical risks such as the Iran ceasefire, with new short positions added in the market. Options indicators show market expectations remain focused on range-bound trading.
- Investment & Financing: The AI sector garnered attention. NeoCognition completed a $40 million seed round, Robinhood Ventures invested $75 million in OpenAI, and Tencent and Alibaba plan to invest in DeepSeek.
1. CEX Hot Tokens
Top 10 CEX Trading Volume and 24-Hour Price Change:
- BTC: +3.04%
- ETH: +2.33%
- SOL: +1.46%
- XRP: +0.27%
- DOGE: +0.83%
- BNB: +1.03%
- TRX: -0.99%
- RUNE: +7.47%
- ADA: -0.24%
- LINK: -0.85%
24-Hour Top Gainers (Data Source: OKX):
- SPK: +37.95%
- CORE: +34.15%
- STRK: +20.55%
- CETUS: +20.27%
- HUMA: +20.23%
- MERL: +16.98%
- FLUID: +15.86%
- ARG: +13.12%
- ROBO: +12.22%
- NEIRO: +11.02%
24-Hour Top Gainers - Tokenized Stocks (Data Source: msx.com):
- GAME.M: 33.35%
- POET.M: 22.24%
- LWLG.M: 19.60%
- MSTX.M: 16.73%
- SMR.M: 16.02%
- NNE.M: 14.21%
- OKLO.M: 13.93%
- GEV.M: 13.53%
- AXTI.M: 12.85%
- TXN.M: 11.97%
2. On-Chain Hot Memes (Data Source: GMGN):
- ASTEROID
- FLORK
- WOJAK
Headlines
Justin Sun Files Lawsuit Against World Liberty Financial in California Federal Court
Justin Sun posted on X that he has filed a lawsuit against World Liberty Financial in a California federal court to protect his legitimate rights and interests as a $WLFI token holder.
Sun pointed out that he has always been, and remains, a firm supporter of President Trump and his administration's efforts to make the US crypto-friendly, and this lawsuit does not change his view of President Trump or the Trump administration. Unfortunately, certain individuals within the World Liberty project team are operating the project in a manner contrary to President Trump's values. They wrongfully froze all my tokens, deprived me of voting rights on governance proposals, and threatened to permanently destroy my tokens by "burning" them, all without any justification. I believe if President Trump were aware of these actions, he would not tolerate them.
Iranian Media: Iran Currently Has No Plans for Negotiations with the US on Friday
According to Iran's Tasnim News Agency: Iran currently has no plans for negotiations with the United States on Friday.
SBF's Early $200k Investment in Cursor Funding Would Be Worth ~$3B If Not Sold
SpaceX announced today that it has reached a cooperation intent with AI programming startup Cursor, granting SpaceX the right to acquire the latter later this year for $60 billion, or to pay $10 billion to advance their collaboration. It is reported that Cursor developer Anysphere completed a $400,000 Pre-Seed funding round in April 2022, co-invested by Alameda Research and Heroic Ventures. Alameda invested $200,000 in Anysphere, acquiring approximately 5% equity. This stake was sold at its original price during FTX's bankruptcy liquidation. If not sold, it would be worth approximately $3 billion today.
Binance Launches Alpha Page, Showcasing Alpha Points and Historical Return Data
Binance announced the launch of an Alpha page to showcase the Alpha points mechanism, historical Alpha event returns, and related data on the progress of tokens subsequently listing on Binance. This page will serve as a centralized portal for Alpha-related information, where users can view historical performance and participation.
Industry News
Russia Advances Cryptocurrency Bill, Potentially Paving the Way for Criminal Penalties
Russia's lower house of parliament, the State Duma, passed the first reading of bill draft No. 1194918-8, titled "On Digital Currency and Digital Rights," on Tuesday. The bill aims to establish the core legal framework for digital currencies in Russia, directing cryptocurrency transactions to licensed intermediaries regulated by the Bank of Russia. According to the bill, Russian residents could purchase cryptocurrencies through approved intermediaries as early as July, while unlicensed platforms will be banned by July 2027.
Coinbase Moves New York Prediction Market Lawsuit to Federal Court
Coinbase Chief Legal Officer Paul Grewal stated that the company has moved the lawsuit filed by New York Attorney General Letitia James against its prediction market business from state court to federal court, arguing that the case involves disputes at the federal law level.
The lawsuit alleges that Coinbase and related Gemini prediction market products violate New York state gambling laws by allowing users to trade on events such as sports, entertainment, and elections without a license. Coinbase argues that prediction markets should be uniformly regulated by the U.S. Commodity Futures Trading Commission (CFTC) and will continue to push for federal-level regulatory recognition.
South Korea's Democratic Party Plans to Advance Stablecoin Legislation After June Elections
Kim Hyun-jung, a member of the South Korean Democratic Party's Digital Asset Special Task Force, stated that plans are underway to submit the Digital Asset Basic Act (Phase II legislation) related to stablecoins after the local elections in June, and to simultaneously advance subcommittee deliberations on the bill. She pointed out that issues such as shareholding limits for exchange major shareholders still have disagreements and require further discussion. She also believes that, against the backdrop of Bank of Korea Governor Shin Hyun-sung's positive stance on stablecoins, the related legislation is expected to be passed. Furthermore, the task force is considering meeting with him after the elections to advance the design of CBDC and Korean won stablecoin systems.
Project News
AAVE Founder: Advancing Multiple Plans for an Orderly Recovery of Aave
AAVE founder Stani posted on X, stating that the team is working with multiple partners to advance several plans aimed at achieving an orderly return to normal market conditions and ensuring the best outcomes for users. The Arbitrum Security Council has recovered $70 million worth of ETH, significantly reducing potential risk exposure. Multiple discussions and solutions are currently under consideration. Stani stated that his focus is on Aave users and the protocol, and expressed gratitude for the support from developers in the industry. Further updates will be continuously released via @aave.
USDC Treasury Mints 200 Million New USDC on Ethereum
According to Whale Alert monitoring, the USDC Treasury minted 200 million new USDC on Ethereum.
KelpDAO Attacker Bridges ETH, Converts to USDT, and Transfers to Tron
According to PeckShieldAlert monitoring, the KelpDAO attacker bridged ETH from Ethereum to Arbitrum via AcrossProtocol, converted it to USDT, and then transferred the funds to trondao via LayerZero.
Investment & Financing
AI Research Lab NeoCognition Completes $40 Million Seed Round Led by Cambium Capital, etc.
AI research lab NeoCognition announced the completion of a $40 million seed funding round, co-led by Cambium Capital and Walden Catalyst Ventures, with participation from Vista Equity Partners. Angel investors include Intel CEO Lip-Bu Tan, Databricks co-founder Ion Stoica, among others.
Robinhood Ventures Invests $75 Million in OpenAI
According to The New York Times: Robinhood Ventures has invested $75 million in OpenAI.
Tencent and Alibaba in Talks to Invest in DeepSeek at Over $20 Billion Valuation
Tencent and Alibaba are in talks to invest in DeepSeek at a valuation exceeding $20 billion.
Voices
Eric Trump, son of Donald Trump, posted on X, stating that Justin Sun's lawsuit against World Liberty Financial is "ridiculous," and claiming it's "not as ridiculous as spending $6 million on a banana taped to a wall." He also expressed that he is "proud" of the World Liberty team.
QCP: BTC Rebound Driven by Risk Mitigation, Market Still Dominated by Volatility
QCP released a market analysis stating that BTC's rebound from around $75,000 to $78,000 was primarily driven by risk mitigation rather than a restoration of market confidence.
It pointed out that the extension of the Iran ceasefire reduced short-term geopolitical risks, while the Fed maintained its data-dependent stance without signaling significant easing. The recovery in futures open interest and persistently negative funding rates indicate new short-side participation. On the options side, short-term implied volatility is around 40%, skew still favors downside protection, and the term structure is only slightly upward sloping, overall pointing to range-bound volatility.
