24H Hot Coins & Headlines｜U.S. Media Reports Iran Has Proposed a Strait Reopening Agreement to the U.S., but Delays Nuclear Talks; Senate Opposition Ends, Clearing the Way for Warsh's Fed Chair Position (April 27)
- Core View: Today's crypto market shows structural divergence. Mainstream coins like BTC are seeing modest gains, while small-to-mid-cap coins such as LDO have posted significant increases; on-chain Meme coin热度 continues; on the macro front, the stalemate in Iran's nuclear talks, progress in the Fed chair nomination, and setbacks in advancing the crypto market structure bill are influencing market sentiment; meanwhile, BlackRock's IBIT options holdings surpassed Deribit for the first time, highlighting the accelerating institutionalization of Bitcoin.
- Key Elements:
- Among the top 10 CEX trading volume coins, mainstream coins like BTC, ETH, and SOL saw gains of 1-3%, while ZBT led with a surge of 24.75%.
- On the OKX 24-hour gainers list, LDO topped with a 24.05% increase, while ZBCN, MERL, and others also rose over 15%.
- BlackRock's IBIT spot Bitcoin ETF options holdings reached $27.61 billion, surpassing Deribit for the first time, indicating accelerating institutional adoption.
- Progress on the crypto market structure bill faces obstacles; May 25 is considered a key deadline. If missed, the legislative process could face further delays.
- The DeFi United rescue plan initiated by Aave 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 case to 70 months in prison, highlighting increased regulatory crackdown on crypto crimes.
1. CEX Hot Coins
CEX Top 10 Trading Volume and 24-Hour Price 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 List (Data from 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 Stock Gainers List (Data from 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. On-Chain Trending Meme Top 5 (Data from GMGN):
- HENRY
- BOAR
- Time Machine
- Dunald
- Trump
Headlines
US Media: Iran Proposes Agreement to Reopen Strait to US, but Delays Nuclear Talks
According to the AXIOS website, citing a US official and two sources familiar with the matter, Iran has put forward a new proposal to the United States, 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 in talks and bypass internal divisions within Iran's leadership regarding the scope of nuclear concessions they are willing to make to reach a deal with the Trump administration. According to three US officials, 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 that the meeting is expected to discuss the current stalemate in negotiations with Iran and potential next steps, including military options.
Senator Tillis Ends Months-Long Blockade, Clearing Path for Warsh's Fed Chair Nomination
North Carolina Republican Senator Thom Tillis said on Sunday that he would support Kevin Warsh's confirmation as Chair of the Federal Reserve, thus removing the last major obstacle for Trump's pick to succeed Jerome Powell. Tillis had refused to vote for Warsh for months, stating that he would not advance the confirmation of any Fed nominee as long as the Justice Department's criminal investigation into Powell was ongoing. He called the criminal investigation an attack on the central bank's independence, but the investigation appears to have concluded last Friday.
Shooting at White House Correspondents' Dinner; Gunman Killed
A shooting occurred last night at the venue of the White House Correspondents' Dinner. The gunman has been killed.
Industry News
Progress on Crypto Market Structure Bill Stalls; May 25 Could Be Key Date
Progress on the crypto market structure bill has been limited recently. May 25, Memorial Day, is seen as a key deadline for advancing the legislation. Market observers believe that if this window is missed, the bill's progress could be further hindered as the summer campaign season begins.
Topics including stablecoin yields and DeFi sales conduct are still under discussion. Last week, over 100 institutions jointly urged the Senate Banking Committee to initiate the bill's review process and advance the Clarity Act to the next stage. The market structure legislation aims to codify crypto regulatory rules into law to reduce the risk of future policy reversals.
The US Department of Justice has indicted US Special Forces soldier Gannon Ken Van Dyke, accusing him of using classified intelligence to predict the US raid on Venezuela on the prediction market platform Polymarket, illegally profiting over $400,000.
According to a recent CNN disclosure, Trump's attitude towards the matter seems to have shifted. Upon learning that the soldier had bet on Maduro's downfall, Trump reportedly likened it to baseball legend Pete Rose betting on his own team to win, responding lightly. Trump said, "It's like Pete Rose betting on his own 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 Trump allies have signaled that Trump should pardon the soldier.
Open interest (OI) for options on BlackRock's spot Bitcoin ETF, IBIT, rose to $27.61 billion on Friday, surpassing for the first time the $26.9 billion OI of the Bitcoin options market on crypto derivatives platform Deribit.
According to Volmex data, the OI for IBIT call options primarily bets on Bitcoin short-term rising to $109,709, about 41% higher than the current level of approximately $77,400. Meanwhile, the Deribit market mainly anticipates Bitcoin rising to around $106,000. At the same time, the average time to expiry for IBIT options is about two months longer than for Deribit, indicating that investors in the regulated US market prefer longer-term holding and exhibit stronger bullish sentiment, further highlighting the accelerating trend of institutionalization in the Bitcoin market.
Project News
Tron Inc Increases TRX Holdings by 154,494 Tokens
Tron Inc stated on the X platform that it increased its holdings by 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, Raising Over 100,000 ETH
Following the rsETH incident on April 18, Aave launched a rescue plan called DeFi United. The plan, spearheaded by Aave founder Stani Kulechov, calls upon the community to donate ETH through a public fundraising initiative.
Latest data shows that DeFi United has raised over 102,000 ETH, worth over $244 million, with participation from over 116,000 addresses.
Funding
AI Trading Agent Platform Fere AI Raises $1.3 Million, Led by Ethereal Ventures
Fere AI, an AI digital asset trading agent platform, announced the completion of a $1.3 million funding round led by Ethereal Ventures, with participation from Galaxy Vision Hill and Kosmos Ventures. The platform supports cross-chain networks like Ethereum, Solana, and Base, allowing users to describe trading goals in natural language while the AI agent handles trade execution. The new funds will be used for platform development and optimizing trading strategies.
Regulatory Updates
Hong Kong police have disclosed the cracking of a cross-border telephone scam case. The criminal syndicate impersonated mainland Chinese officials, specifically targeting mainland Chinese students studying in the UK and Australia. The scammers falsely claimed the victims were involved in money laundering or other criminal cases, demanding they "cooperate with the investigation." The victims were instructed to travel to Hong Kong and visit jewelry stores multiple times to purchase gold nuggets as a "deposit," each time spending under HKD 120,000 to circumvent registration systems. Syndicate members then collected and transferred the loot. The gold nuggets were subsequently melted into gold bars or exchanged for cash and virtual currencies. Police have so far received 7 related reports, involving approximately HKD 7 million, with the single highest loss reaching HKD 1.6 million.
The US Department of Justice (DOJ) announced that a 22-year-old California man, Evan Tangeman, has been 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 launder at least $3.5 million in illegal funds for the criminal network.
The criminal gang is accused of spending the stolen money on luxury goods, including multi-million dollar nightclub bills, Lamborghini sports cars, and Rolex watches.
US Attorney for the District of Columbia, Jeanine Pirro, stated in the announcement that the organization "built a criminal enterprise with almost absurd greed," and emphasized that Tangeman not only participated in money laundering but also destroyed evidence after his accomplices were arrested, demonstrating clear criminal intent.
This sentencing comes as data shows that in the first quarter of 2026, the crypto industry lost $482 million to scams and hacks, with social engineering fraud and violent robberies on the rise.
Voices
Ciarán Fitzpatrick, Global Head of ETF Products at J.P. Morgan Securities Services, stated, "We believe tokenization will certainly drive market changes, not just for ETFs, but for the entire fund industry." Fitzpatrick noted that experiments with ETF tokenization are ongoing, given its potential benefits such as easier subscription and redemption, "near-instant settlement," and 24/7 access. He added, "I think tokenization will become part of the ETF ecosystem, but it's still a few years away from really having some good practical use cases."
Aave Founder: Sufficient Recovery Funds Raised to Fully Cover rsETH Shortfall
Aave founder Stani posted on X: "Enough recovery funds have now been raised to fully cover the rsETH shortfall, but pending votes, indicative protocols, and successful execution are still needed."
John Wang, Head of Crypto at Kalshi, responded to the insider trading controversy in prediction markets on X, saying: "I think this is a very important issue, but it's not exclusive to prediction markets. Stock markets are essentially prediction markets for company performance, and they have a long history of exploring and iterating on the boundary between 'legal information advantage' and 'illegal use of material non-public information.' The role of regulation is to find this balance. Just like stock markets, insider trading is a complex problem requiring nuanced solutions, but it's not insurmountable. I also agree that mechanisms like KYC and market surveillance are very necessary in scaled operations to help prevent insider trading. That's why we've adopted this approach at Kalshi from day one."
