Silent Push researchers claim cyber spies from North Korea&#8217;s Lazarus Group, have set up U.S. shell companies under fake aliases to infect crypto developers with malware. According to a recent Reuters report, U.S. cybersecurity company Silent Push has identified two…

Lazarus Group spies set up U.S. shell companies to dupe crypto developers: report

A high court in Nigeria has reportedly granted the country&#8217;s Economic and 
Financial Crimes Commission (EFCC) the authority to arrest six individuals who 
were allegedly involved in investment fraud at a cryptocurrency exchange.
According to an April 24 report from Nigerian news outlet The Cable, the 
Federal High Court in Abuja approved the arrest and detention of six people 
who promoted the Crypto Bridge Exchange (CBEX), allegedly defrauding investors 
out of 1 billion naira, or roughly $620,000. The suspects in the cases did not 
appear to have been arrested at the time of publication.
&#8220;[The defendants used] their company ST Technologies International Limited, 
promoted another company Crypto Bridge Exchange by making adverts, and lured 
unsuspecting members of the public to invest cryptocurrencies on the CBEX 
investment platform,&#8221; the EFCC reportedly said in its motion for the arrest.
The legal case marked another instance of Nigeria cracking down on 
representatives of crypto exchanges in the country. In February 2024, Nigerian 
authorities detained and arrested two Binance executives who were visiting to 
discuss the exchange&#8217;s activities.
_**Related:**__**Nigeria still open to crypto business despite rocky past: 
Report**_
In April, many CBEX users began reporting that they could not withdraw their 
funds from the exchange, resulting in online outrage that led to real-world 
violence. A group of investors stormed CBEX&#8217;s local office in Ibadan, looting 
items like the air conditioning unit in an apparent attempt to recuperate some 
of their losses.
## The case against Binance is still on
The Nigerian case against Binance, in which a US citizen, Tigran Gambaryan, 
was detained and whose health reportedly deteriorated as he waited in prison, 
drew criticism from many in the crypto industry and US lawmakers. He was held 
for eight months on tax and money laundering charges before being released to 
US custody.
Nigeria&#8217;s tax evasion case against Binance continues to move forward after 
Gambaryan&#8217;s release, though the exchange has no office in the country. 
Cointelegraph reached out to a representative from Nigeria&#8217;s Ministry of 
Information for comment but did not receive a response at the time of 
publication.
_**Magazine:**__**Financial nihilism in crypto is over &#8212; It&#8217;s time to dream 
big again**_

Nigerian court green lights arrest for six CBEX promoters — Report

Top tokens in the Solana ecosystem continued their bullish trend this week as 
sentiment in the crypto industry improved. Solana (SOL) price jumped for four 
straight days, reaching a high of $155, its highest level since March 3. It 
has…

Here’s why Dogwifhat, Jupiter, Zerebro, Popcat coins are going up

While there have been positive developments regarding the loosening of the 
U.S. tariffs on Chinese imports, the state of negotiations to finally solve 
this trade war is still uncertain. President Trump stated that there were 
meetings addressing the issue, but China has outright denied that these ever 
happened. China Denies Having Trade War Negotiation Meetings, […]

Trade War Watch: China and the US Contradict on State of Negotiations

Bitcoin is changing hands at prices almost 40% below its modeled “energy 
value,” yet an unusual confluence of technical, fundamental and policy signals 
suggests the market may be turning, according to Charles Edwards, founder of 
the quantitative crypto hedge fund Capriole Investments. In his latest 
newsletter, Edwards argues that a newly-formed “Triple Put”—simultaneous 
backstops from the White House, the Federal Reserve and the US Treasury—has 
altered the risk profile for all risk assets just as on-chain and macro 
indicators for Bitcoin flip decisively higher. Bitcoin Flips Bullish Edwards 
begins with sentiment, describing it as “in the pits.” The American 
Association of Individual Investors’ bull–bear spread, he notes, is “as 
bearish as 2009 and the 2022 lows, and significantly worse than the 2020 Covid 
crash,” even though both Bitcoin and the S&amp;P 500 have fallen less than fifteen 
percent from their recent peaks. The CNN Fear &amp; Greed Index has registered its 
bleakest reading “in years,” while Capriole’s own Active Manager Sentiment 
gauge shows equity managers at near-record under-exposure. “Simply put, 
investors are panicking today,” he writes, warning that such extreme readings 
“typically coincide at the mid-late stage of a major price bottom.” The 
combination leaves what Edwards calls “blood (and fear) on the street,” 
echoing the Rothschild maxim he cites in full: “the time to buy is ‘when 
there’s blood on the streets, even if the blood is your own.’” Related 
Reading: Déjà Boom—Arthur Hayes Says Bitcoin’s 2022 Rally Setup Is Back 
Technically, Bitcoin staged a sharp reversal just days ago. A breakout candle 
to $94,000 reclaimed the entire $91,000–$100,000 range that had capped the 
market since February. Edwards classifies the move as a “significant range 
reclaim,” adding that “for Bitcoin, such bullish range reclaims rarely see 
price look back.” Unless the market delivers “a daily close under $91K,” he 
writes, “it’s hard to get a technical chart more bullish than this.” The 
breakout coincides with his firm’s machine-learning fundamentals model, the 
Bitcoin Macro Index, turning positive after months in neutral territory. The 
index blends more than seventy on-chain, macro-economic and equity-market 
variables; price is deliberately excluded to avoid feedback effects. Last week 
the model “reset to ‘fair value’ and then resumed a bullish trend,” a shift 
Edwards calls “a very promising fundamental data reading.” The &#8216;Triple Put&#8217; 
Policy developments provide the third leg of the story. On April 2—the so- 
called “Liberation Day”—the United States imposed sweeping global tariffs, 
only to halve them and add a 90-day pause once equities sold off by roughly 
fifteen percent, the VIX jumped above 30, and credit spreads widened. Edwards 
describes the rapid reversal as the inaugural “Trump Put,” evidence that “if 
markets decline too much, Trump will step in, enact policy and backstop them.” 
One day earlier, on April 1, the Federal Reserve began slashing the pace of 
quantitative tightening by 95% (the “Fed Put”), effectively ending a four-year 
balance-sheet contraction; derivatives traders on the CME FedWatch tool now 
assign the base-case to three rate cuts before year-end. Related Reading: 
Bitcoin Surpasses Realized Price Of Recent Buyers — Rally Incoming Or Double 
Top? Meanwhile, Treasury Secretary Scott Bessent told reporters that the swoon 
in Treasuries was driven by deleveraging rather than foreign selling and that 
the department “had tools to mitigate the situation, including scaling up 
buybacks if necessary” (“Treasury Put”). Edwards concludes that “we now have 
three major financial market puts in place, all ready to backstop financial 
markets. Together the US President, Federal Reserve and US Treasury represent 
the Triple Put,” a volatility backstop unprecedented in its breadth. Is BTC 
Undervalued? Capriole’s own “Chart of the Week” underscores the valuation 
argument. The Bitcoin Energy Value—an in-house metric that prices the network 
using aggregate miner electricity consumption—surged above $130,000 for the 
first time this month. With the spot market trading near $94,000, Bitcoin 
therefore sits at an “almost 40% discount to fair value,” a depth of 
undervaluation that Edwards calls “quite rare” in the first year after a 
halving and “a very welcome sight.” Historically, the energy value has acted 
as a gravitational pull on price; gaps of this size have narrowed in every 
prior cycle. Edwards tempers the bullish picture with caveats. “Political and 
volatility risk remain, and new policy changes are the greatest risk to 
derailing markets at present,” he writes, adding that Capriole will watch for 
Bitcoin to defend $91,000 on a weekly close and for the Macro Index to remain 
in expansion. Yet his overall tone is unmistakably optimistic: “As it sits 
today, the outlook for Bitcoin is very bullish with confluence across 
technicals, fundamentals and sentiment,” he concludes. If the week ends above 
current levels, Edwards “suspect[s] we will be pushing new all-time highs on 
Bitcoin quite soon.” At press time, BTC traded at $93,723. Featured image 
created with DALL.E, chart from TradingView.com

Bitcoin Trades At 40% Discount As ‘Triple Put’ Unfolds: Hedge Fund Founder

Ronin, the blockchain for gaming, has migrated its Ronin Bridge to Chainlink’s 
cross-chain interoperability protocol. The Ronin Network (RON), whose web3 
gaming platform was created by the Sky Mavis team behind Axie Infitnity (AXS) 
game, announced the completion of the…