24H Hot Tokens & Headlines｜US Media Reports Iran Has Proposed an Agreement to US to Reopen the Strait, but Delays Nuclear Talks; Senator Obstruction Ends, Clearing Path for Powell’s Fed Chairmanship (April 27)
- Core Insight: Today's crypto market shows structural divergence. Major currencies like BTC are seeing moderate gains, while smaller and mid-cap tokens like LDO have recorded significant increases; on-chain Meme coin热度 continues; On the macro level, the ongoing stalemate in Iran's nuclear negotiations, progress on the selection of the Fed Chair, and setbacks in advancing the crypto market structure bill are influencing market sentiment. Meanwhile, BlackRock's IBIT options open interest has surpassed Deribit for the first time, highlighting the accelerating institutionalization of Bitcoin.
- Key Elements:
- Among the top 10 CEX trading volume leaders, mainstream coins like BTC, ETH, and SOL have risen between 1-3%, while ZBT leads with a 24.75% gain.
- In the OKX 24-hour gainers list, LDO tops with a 24.05% increase, while ZBCN, MERL, and others are up over 15%.
- BlackRock's IBIT Bitcoin spot ETF options open interest has reached $27.61 billion, surpassing Deribit for the first time, signaling accelerated institutional adoption.
- The crypto market structure bill faces headwinds, with May 25 seen as a critical deadline. If missed, the legislative process could face further delays.
- Aave's DeFi United rescue plan has raised over 100,000 ETH to address the impact of the rsETH incident.
- The U.S. Department of Justice sentenced a member involved in a $263 million crypto fraud scheme to 70 months in prison, underscoring intensified regulatory efforts against crypto crime.
1. Popular Tokens on CEX
CEX Top 10 Trading Volume and 24-Hour Change:
- BTC: +2.14%
- ETH: +3.30%
- SOL: +2.04%
- XRP: +1.73%
- BNB: +1.27%
- DOGE: +2.29%
- ORCA: -1.97%
- ZEC: +0.74%
- TRX: -0.19%
- ZBT: +24.75%
24-Hour Gainers (Data Source: OKX):
- LDO: +24.05%
- ZBCN: +16.97%
- MERL: +16.24%
- SONIC: +15.60%
- SPACE: +14.96%
- BICO: +14.49%
- J: +13.34%
- PENGU: +13.15%
- AVNT: +12.94%
- RSR: +12.92%
24-Hour Crypto-Stock Gainers (Data Source: msx.com):
- POET: 37.29%
- MIGI: 25.63%
- INTC: 23.88%
- AAOI: 17.39%
- ARM: 14.47%
- AMD: 14.25%
- RMBS: 14.22%
- SOXL: 13.2%
- EOSE: 11.98%
- QCOM: 11.87%
2. Top 5 On-Chain Meme Tokens (Data Source: GMGN):
- HENRY
- BOAR
- Time Machine
- Dunald
- Trump
Headlines
US Media: Iran Proposes to US an Agreement to Reopen the Strait, Delays Nuclear Talks
According to the AXIOS website, citing a US official and two sources, Iran has presented a new proposal to the US, suggesting prioritizing an agreement on reopening the Strait of Hormuz and lifting the naval blockade, while postponing nuclear negotiations to a later stage. This new proposal aims to break the current deadlock, bypassing internal disagreements within the Iranian leadership over the scope of nuclear concessions they are willing to make to reach a deal with the Trump administration. Three US officials said President Trump is expected to hold a Situation Room meeting on Monday with his senior national security and foreign policy team regarding Iran. One official stated the meeting is expected to discuss the current impasse in negotiations with Iran and possible next steps for the war.
Senator Tillis Ends Months-Long Blockade, Paving the Way for Warsh's Fed Chairmanship
North Carolina Republican Senator Thom Tillis said Sunday he would support Kevin Warsh's confirmation as Federal Reserve Chair, removing the last major obstacle for Trump's pick to replace Jerome Powell. Tillis, who had refused to vote for Warsh for months, stated he would not advance any Fed nominee's confirmation while the Justice Department's criminal investigation into Powell was ongoing, calling the probe an attack on central bank independence. That investigation appears to have concluded last Friday.
Shots Fired at White House Correspondents' Dinner, Gunman Dead
A shooting occurred at the White House Correspondents' Dinner hall yesterday. The gunman is now dead.
Industry News
Progress on Crypto Market Structure Bill Stalls, May 25 Could Be Key Date
The recent public progress on the crypto market structure bill has been limited. Memorial Day on May 25 is seen as an important milestone for advancing the legislation. Market observers believe that if this window is missed, the bill's progress could face further hurdles as the summer campaign season begins.
Current discussions still involve topics such as stablecoin yield and DeFi sales activities. Last week, over 100 institutions jointly urged the Senate Banking Committee to initiate the bill review process to move the Clarity Act to the next stage. Market structure legislation aims to codify crypto regulatory rules into law to reduce the risk of future policy reversals.
Trump's Stance Shifts on Soldier Who Predicted 'Maduro's Arrest'; Some Allies Support Pardon
The US Department of Justice has charged US Army Special Forces soldier Gannon Ken Van Dyke, accusing him of using classified intelligence to illegally profit over $400,000 by predicting the US raid on Venezuela on the prediction market platform Polymarket.
According to a new CNN report, Trump appears to have shifted his stance on the matter. Upon learning the soldier bet on Maduro's downfall, Trump likened it to baseball legend Pete Rose betting on his own team to win, downplaying the incident. Trump said: "It's like Rose betting on his team to win. If he bet on himself to lose, that would be bad, but he bet on himself to win, I'll look into it."
Furthermore, given Trump's support for Rose, at least several of Trump's allies have indicated that Trump should pardon the soldier.
The open interest (OI) of options on BlackRock's spot Bitcoin ETF, IBIT, rose to $27.61 billion on Friday, surpassing the $26.9 billion of the crypto derivatives platform Deribit's Bitcoin options market for the first time.
According to Volmex data, IBIT call option positions are primarily betting on Bitcoin's price rising to $109,709 in the short term, about 41% higher than the current level of ~$77,400. Meanwhile, the Deribit market mainly anticipates Bitcoin rising to ~$106,000. Additionally, the average time to expiration for IBIT options is about two months longer than those on Deribit, indicating that investors in the regulated US market prefer longer-term holdings and exhibit stronger bullish sentiment, further highlighting the accelerating trend of Bitcoin institutionalization.
Project News
Tron Inc Increases TRX Holdings by 154,494 Tokens
Tron Inc posted on platform X, stating that the company purchased 154,494 TRX tokens today at an average price of $0.3236, bringing its total TRX holdings to over 693 million tokens. The company aims to continue increasing its Tron DAT inventory to enhance long-term shareholder value.
Aave Launches 'DeFi United' Rescue Plan, Raises Over 100,000 ETH
In response to the rsETH incident on April 18, Aave initiated a rescue plan named 'DeFi United'. Led by Aave founder Stani Kulechov, the plan calls on the community to contribute ETH through a public fundraising effort.
Latest data shows that DeFi United has raised over 102,000 ETH, valued at over $244 million, with participation from more than 116,000 addresses.
Fundraising
AI Trading Agent Platform Fere AI Raises $1.3 Million, Led by Ethereal Ventures
Fere AI, an AI-powered digital asset trading agent platform, announced it has raised $1.3 million in a funding round led by Ethereal Ventures, with participation from Galaxy Vision Hill and Kosmos Ventures. The platform supports cross-chain networks including Ethereum, Solana, and Base, allowing users to describe trading goals in natural language while AI agents handle trade execution. The new funds will be used to further develop the platform and optimize trading strategies.
Regulatory Developments
Hong Kong police announced the cracking of a cross-border telephone fraud case. The criminal syndicate impersonated mainland Chinese officials, specifically targeting mainland Chinese students studying in the UK and Australia. The scammers falsely accused victims of involvement in crimes like money laundering, demanding they "cooperate with the investigation" and travel to Hong Kong to purchase gold nuggets at jewelry stores multiple times as "bail money." Each transaction was kept under HK$120,000 to avoid the gold shop registration system. Group members then collected and transferred the stolen goods. The obtained gold nuggets were subsequently melted into gold bars or exchanged for cash and virtual currency. Police have so far received 7 related cases involving approximately HK$7 million, with the highest single loss reaching HK$1.6 million.
The US Department of Justice (DOJ) announced that Evan Tangeman, a 22-year-old California man, was sentenced to 70 months (approximately 5 years and 10 months) in prison, followed by 3 years of supervised release, for his participation in a criminal organization that stole approximately $263 million in crypto assets through social engineering fraud and home invasions.
According to court documents, Tangeman pleaded guilty in December 2025, admitting to helping the criminal network launder at least $3.5 million in illicit funds.
The crime ring was accused of using the stolen funds for luxury spending, including millions of dollars in nightclub bills, Lamborghini sports cars, and Rolex watches.
US Attorney for the District of Columbia, Jeanine Pirro, stated in a press release that the organization "built a criminal system with almost absurd greed," emphasizing that Tangeman not only participated in money laundering but also destroyed evidence after accomplices were arrested, demonstrating clear criminal intent.
This sentence comes as data shows the crypto industry lost $482 million to scams and hacks in Q1 2026, with social engineering scams and violent robberies on the rise.
Voices
Ciarán Fitzpatrick, Global Head of ETF Product at J.P. Morgan Securities Services, stated: "We believe tokenization will certainly drive market change, not just for ETFs, but for the entire fund industry." Fitzpatrick noted that experimentation with ETF tokenization is ongoing, given its potential benefits like easier subscription and redemption, "near-instant settlement," and round-the-clock access. He added: "I think tokenization will become a part of the ETF ecosystem, but we are still a few years away from some truly good use cases emerging."
Aave Founder: Sufficient Recovery Funds Raised to Fully Cover rsETH Shortfall
Aave founder Stani posted on X: "Sufficient recovery funds have now been raised to fully cover the rsETH shortfall, pending pending votes, indicative protocols, and successful execution."
Kalshi Exec: Insider Trading is Not Unique to Prediction Markets, Requires Nuanced Solutions
John Wang, Head of Crypto at Kalshi, responded to the insider trading controversy in prediction markets on X, stating: "I think this is a very important issue, but it is not unique to prediction markets. Stock markets are, in essence, prediction markets about the future performance of companies, and they have a long history of exploring and iterating on the boundary between 'legitimate information advantage' and 'illegal use of material non-public information.' Regulation's role is to find this balance. Like in stock markets, insider trading is a complex problem that requires nuanced solutions, but it is not insurmountable. I also agree that as you scale, introducing mechanisms like KYC and market surveillance is very necessary to help prevent insider trading. That's why we have taken this approach at Kalshi from day one."
