The Kuwaiti Ministry of Interior has issued a warning about illegal crypto mining in the country, calling on violators to cease their illegal activities or face legal consequences. The announcement, which was issued on April 22, stated that cryptocurrency mining…

Kuwait warns against illegal crypto mining after over 1,000 sites exposed in nationwide probe

Fractal Bitcoin, a BTC compatible chain, has significantly boosted its 
security after it onboarded one of the largest Bitcoin miners.

Fractal Bitcoin secures 93% of Bitcoin’s hashrate after Foundry joins

AT&amp;T has joined forces with Helium Network to offer its subscribers access to 
Helium’s decentralized, community-powered Wi-Fi at thousands of locations 
across the U.S. The move marks a significant step in AT&amp;T’s wireless 
convergence strategy, integrating Helium’s network of more…

AT&T taps Helium’s decentralized Wi-Fi to boost coverage

Hyperliquid is is currently testing a critical resistance at the range high 
following an impulsive rally. However, fading volume and hesitation in price 
action suggest a potential failed auction and reversal could be forming. 
Recent price action on Hyperliquid (HYPE)…

Hyperliquid price testing range high: potential failed auction zone for a reversal ?

The US Securities and Exchange Commission (SEC) crypto task force, headed by 
Hester Peirce, has continued meeting with digital asset company 
representatives as the agency explores regulatory changes.
In an April 24 notice, the SEC task force disclosed a meeting with 
representatives from crypto firm Ondo Finance and the law firm Davis Polk and 
Wardwell to discuss &#8220;issuing and selling wrapped, tokenized versions of 
publicly traded US securities.&#8221; Ondo Finance donated $1 million to Donald 
Trump&#8217;s inauguration fund, and the law firm announced on April 22 that it 
would represent the US President&#8217;s social media company, Truth Social, to 
launch crypto-linked exchange-traded funds.
According to the meeting request, Ondo Finance planned to discuss registration 
requirements for tokenized securities, compliance with financial laws, and 
potentially launching a regulatory sandbox. Cointelegraph reached out to the 
firm for comment but did not receive a response at the time of publication.
The April 24 meeting was the latest in the SEC crypto task force&#8217;s outreach to 
the industry following the departure of former chair Gary Gensler. Former 
commissioner and Trump appointee Paul Atkins took over leadership at the 
agency on April 21 after his swearing-in ceremony, but has yet to take action 
on his proposed crypto agenda.
_**Related:**__**Chiliz meets with SEC Crypto Task Force amid US market 
reentry plans**_
## Continuing outreach to industry under new SEC chair
On April 25, the crypto task force will host a roundtable event to discuss 
custody, including representatives from Kraken, Anchorage Digital Bank, 
WisdomTree, and others. Following the approval of crypto exchange-traded funds 
in 2024, many financial institutions have seen demand for digital asset 
custody in the US grow significantly.
It&#8217;s unclear what the SEC&#8217;s intentions may be regarding pursuing crypto 
enforcement cases under Atkins. The commission has stated it will continue 
cases involving fraudulent activity, but dropped a complaint against Hex 
founder Richard Heart on April 21.
The agency has already announced it will stop investigations or lawsuits 
against many firms, including Ripple, Coinbase, and Kraken. All three 
exchanges donated or had executives who supported Trump&#8217;s 2024 campaign or 
inauguration fund.
_**Magazine:**__**Trump &#8216;s crypto ventures raise conflict of interest, insider 
trading questions**_

SEC task force met with Trump-supporting firms to discuss crypto regulation

IOTA&#8217;s upcoming Rebased upgrade could be its most ambitious yet, replacing 
centralization with decentralization and unlocking smart contracts for a 
future-ready blockchain. On May 5, IOTA will activate Rebased, a protocol 
upgrade that marks the project&#8217;s most ambitious departure from…