24H Hot Coins & Headlines｜U.S. Media: Iran Proposed Agreement to Reopen Strait to U.S., but Delayed Nuclear Talks; Obstruction Cleared for Senator Warren’s Fed Chair Position (April 27)
- Core View: Today's crypto market shows structural divergence. Mainstream coins such as BTC are seeing moderate gains, but smaller-cap coins like LDO are posting significant increases; on-chain Meme coin热度 persists. At a macro level, news such as the deadlock in Iran nuclear talks, progress in the selection of the U.S. Federal Reserve chair, and obstacles to advancing the U.S. crypto market structure bill are influencing market sentiment. Meanwhile, BlackRock's IBIT options holdings surpassed those of Deribit for the first time, highlighting the accelerating trend of Bitcoin institutionalization.
- Key Points:
- Among the top 10 CEX trading volume coins, BTC, ETH, SOL and other mainstream coins saw gains of 1-3%, while ZBT led with a 24.75% increase.
- On the OKX 24-hour gainers list, LDO ranked first with a 24.05% gain, while ZBCN, MERL, and others rose by over 15%.
- The options holdings for BlackRock's IBIT Bitcoin spot ETF have reached $27.61 billion, surpassing Deribit for the first time, indicating accelerating institutionalization.
- Progress on the U.S. crypto market structure bill is facing obstacles, with May 25 seen as a key deadline; missed opportunities could further delay the legislative process.
- The DeFi United rescue plan initiated by Aave has raised over 100,000 ETH, aimed at addressing the impact of the rsETH incident.
- The U.S. Department of Justice sentenced a member of a $263 million crypto fraud case to 70 months in prison, underscoring increased regulatory efforts to crack down on crypto crime.
1. CEX Hot Tokens
CEX Top 10 by Trading Volume & 24h 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%
24h 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%
24h 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 Hot On-Chain Memes (Data Source: GMGN):
- HENRY
- BOAR
- Time Machine
- Dunald
- Trump
Headlines
US Media: Iran Proposes Deal to US to Reopen Strait, but Postpones Nuclear Talks
According to the AXIOS website, citing a US official and two sources, Iran has proposed a new deal to the US, suggesting prioritizing an agreement on reopening the Strait of Hormuz and lifting the naval blockade, postponing nuclear negotiations to a later stage. This new proposal aims to break the current negotiation deadlock and bypass internal disagreements 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 Iran on Monday with his senior national security and foreign policy team. One official stated the meeting is expected to discuss the current stalled negotiations with Iran and potential next steps, including military action.
Senator Tillis Ends Months-Long Block, Clearing Path for Warsh's Fed Chairmanship
North Carolina Republican Senator Thom Tillis said on Sunday he would support Kevin Warsh's confirmation as Federal Reserve Chairman, removing the last major obstacle for Trump's pick to succeed Jerome Powell. Tillis, who had refused to vote for Warsh for months, stated he would not advance any Fed nominee confirmation while the Department of Justice's criminal investigation into Powell was ongoing, calling the probe an attack on the central bank's independence. The investigation appears to have concluded last Friday.
Shooting at White House Correspondents' Dinner in US, Gunman Dead
Yesterday, a shooting occurred at the venue of the White House Correspondents' Dinner in the US. The gunman is now deceased.
Industry News
Crypto Market Structure Bill Stalls, May 25 Could Be Key Deadline
Progress on the crypto market structure bill has been limited recently. Memorial Day, May 25, 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.
Discussions are ongoing regarding stablecoin yields, DeFi sales activities, and other issues. Last week, over 100 institutions jointly urged the Senate Banking Committee to start the deliberation process to move 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 illegally profit over $400,000 by predicting the US raid on Venezuela on the prediction market platform Polymarket.
According to a recent CNN report, Trump's stance on the matter seems to have shifted. Upon learning the soldier bet on Maduro's downfall, Trump reportedly compared it to baseball legend Pete Rose betting on his own team winning, downplaying the incident. Trump said, "It's like Pete Rose betting on his team to win. It would be bad if he bet on himself to lose, but he bet on himself to win. I'll look into it."
Furthermore, given Trump's support for Rose, at least a few of Trump's allies have suggested 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 in the Bitcoin options market on crypto derivatives platform Deribit.
According to Volmex data, the holdings in IBIT call options primarily bet on Bitcoin's price rising short-term to $109,709, about 41% higher than the current level of approximately $77,400. In contrast, the Deribit market primarily expects a Bitcoin rise to around $106,000. Meanwhile, the average time to expiration for IBIT options is about two months longer than for Deribit, indicating that investors in the US regulated market have a stronger preference for long-term holding and a more 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 announced on X that the company today purchased an additional 154,494 TRX tokens at an average price of $0.3236, increasing its 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, initiated by Aave founder Stani Kulechov. The plan calls on the community to donate ETH through a public fundraising campaign.
Latest data shows that DeFi United has raised over 102,000 ETH, worth over $244 million, with participation from over 116,000 addresses.
Funding News
AI Trading Agent Platform Fere AI Raises $1.3M, 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 including Ethereum, Solana, and Base, allowing users to describe trading goals in natural language while the AI agent handles execution. The new funds will be used to expand platform development and optimize trading strategies.
Regulatory Updates
Hong Kong police have cracked a cross-border telephone fraud case. The criminal syndicate, impersonating mainland Chinese officials, specifically targeted mainland Chinese students studying in the UK and Australia. Scammers claimed the victims were involved in money laundering or other criminal cases, demanded they "cooperate with the investigation," travel to Hong Kong, and purchase gold grains from jewelry stores multiple times as a "security deposit." Each transaction was kept under HKD 120,000 to avoid jewelry store registration systems. Syndicate members then collected and transferred the loot. The acquired gold grains were later smelted into gold bars or exchanged for cash and cryptocurrencies. Police have received seven related cases involving approximately HKD 7 million, with the highest single loss reaching HKD 1.6 million.
The US Department of Justice (DOJ) announced that Evan Tangeman, a 22-year-old Californian man, was sentenced to 70 months (approximately 5 years and 10 months) in prison, followed by three years of supervised release, for his participation in a criminal organization that stole approximately $263 million in crypto assets through social engineering scams 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 illegal funds.
The criminal gang is accused of spending the stolen funds on luxury items, including millions of dollars in nightclub bills, Lamborghinis, and Rolex watches.
US Attorney for the District of Columbia, Jeanine Pirro, stated in a release that the organization "built a criminal enterprise on nearly absurd greed," emphasizing that Tangeman not only participated in money laundering but also destroyed evidence after accomplices were arrested, demonstrating clear criminal intent.
This sentencing 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.
Notable Quotes
Ciarán Fitzpatrick, Head of ETF Products globally for J.P. Morgan's Securities Services division, said, "We believe tokenization will certainly drive market change, not just for ETFs but for the entire fund industry." Noting the potential benefits of tokenization, such as easier subscriptions and redemptions, "near-instant settlement," and continuous access, experiments in ETF tokenization are ongoing. "I think tokenization will become part of the ETF ecosystem, but it's still a few years away from really seeing some good practical use cases," he added.
Aave Founder: Sufficient Recovery Funds Raised to Fully Cover the rsETH Hole
Aave founder Stani stated on X: "Sufficient recovery funds have now been raised to fully cover the rsETH hole, but we need to wait for pending votes, indicative protocols, and successful execution."
Kalshi Executive: Insider Trading Issue 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, saying: "I think this is a very important issue, but it is not unique to prediction markets. Stock markets are essentially prediction markets for companies' future performance and have long explored the line between 'legitimate information advantages' and 'illegal use of material non-public information.' The role of regulation is to find this balance. Just like in stock markets, insider trading is a complex issue requiring nuanced solutions, but it's not insurmountable. I also agree that on a larger scale, implementing 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."
