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"On-chain detective" ZachXBT disclosed that the DSJ Exchange (DSJEX) / BG Wealth Sharing Ponzi scheme, involving over $150 million, collapsed last week.Under its leadership, actions were taken in collaboration with Tether, Binance security teams, OKX, and U.S. law enforcement agencies, resulting in approximately $41.5 million in funds being frozen, including $38.4 million frozen by Tether on May 4, and about $3.1 million frozen by other platforms.It is reported that the project has been operating since 2025, using "1.3%--2.6% daily returns" as a gimmick to attract users through referral commissions and tiered rewards. DSJ has been identified as a fraudulent trading platform, BG as a supporting investment organization, and the so-called CEO "Stephen Beard" is also a fictional character. Investigations show that the project team evaded regulation by frequently changing domain names and hot wallets, and promoted false trading signals through messaging applications. Before the collapse, the platform had suspended withdrawals and demanded users pay a 12% "tax" under the pretext of "upcoming IPO."In terms of fund flow, the involved addresses transferred assets through Tokenlon exchanges, cross-chain bridges (such as Bridgers, Butter Network), and stablecoin wrapping/unwrapping, ultimately flowing into addresses of multiple exchanges. Currently, 13 regulatory agencies from five continents have issued risk warnings regarding this project. Analysts believe that this incident once again highlights the critical role of cross-chain tracking and multi-party collaboration in combating cryptocurrency fraud.

According to the Hong Kong Wen Wei Po, the President of the Hong Kong Monetary Authority, Yu Weiwen, stated after attending a Legislative Council meeting yesterday that they will consider issuing new licenses after the first batch of stablecoins is launched. However, the number will still be strictly controlled based on market capacity and new risk situations to avoid unrealistic expectations regarding the number of licenses in the market. There will also be long-term continuous monitoring of the implementation of stablecoins.

According to Jinshi reports, Federal Reserve's Williams stated that the breakeven point for the job market may now be between 0 and 50,000 jobs per month.

According to Jinshi reports, Federal Reserve's Williams stated that U.S. monetary policy remains in a favorable position to respond to an uncertain economic environment.

According to Cointelegraph, the South Korean crypto industry group DAXA (Digital Asset Exchange Alliance), representing 27 registered virtual asset service providers (VASP), has submitted objections to the Financial Services Commission (FSC) and the Financial Intelligence Unit (FIU) regarding the proposed amendments to the implementation order of the Specific Financial Information Act.The new regulations aim to require domestic VASPs to report any virtual asset transfers with foreign VASPs as suspicious transaction reports (STR) if the amount reaches 10 million won (approximately $6,800), regardless of the risk level. DAXA warned that this would cause the annual reporting volume of South Korea's five major trading platforms (Upbit, Bithumb, Coinone, Korbit, Gopax) to surge from about 63,000 last year to over 5.4 million, making compliance practically impossible.The industry also opposes the proposed requirement to verify the accuracy of customer information, arguing that the subordinate rules impose obligations not clearly defined by law. This industry backlash comes as exchanges face sanctions from financial regulators in court. On April 9, the court ruled to lift part of the business suspension against Upbit operator Dunamu, but the regulators have appealed. On April 30, the court suspended the six-month partial business suspension against Bithumb. Coinone also received a temporary stay of execution.The public consultation period for the new regulations ends on May 11, and it is expected to be finalized in July after regulatory and legal reviews. This highlights the tension between South Korea's tightening of crypto anti-money laundering regulations and the industry's concerns about excessive compliance burdens.

According to monitoring by Lookonchain, a smart money address 0x2daa spent 53.6 ETH (approximately $127,000) to buy 254,000 sato at a price of $0.5 after making a profit of about $1.3 million from trading $ASTEROID, becoming the second largest holder of sato on the Ethereum network.

According to Coinglass, this morning, Bitcoin surged strongly, returning to the $80,000 mark after 3 months, rising 1.56% in 1 hour. As a result, nearly $106 million was liquidated across the network in about 1 hour.Among them, short positions accounted for $104 million in liquidations. The largest single liquidation was for the Ethereum contract on Binance, with a liquidation amount of $11.7717 million.

Tether CEO Paolo Ardoino shared data from Memento Research on the X platform, showing that the monthly spending scale of crypto payment cards has risen to $600 million, a sixfold increase compared to a year ago. The cumulative on-chain transaction volume has reached $7.2 billion, with a total of 24 million transactions involving 1.36 million wallet addresses. Among these: 1. 62.5% of transactions were settled using Tether (USDT), indicating that stablecoins are gradually becoming the underlying infrastructure for consumer payments; 2. About 90% of transactions were completed through the Visa network; 3. On-chain data also shows that the Solana ecosystem contributed approximately $348 million in transaction volume, while Jupiter's Jupiter Global saw a month-over-month growth of 660%.

In less than three weeks, 12 agreements were stolen for over $606 million. Among them, the Drift incident resulted in a loss of $285 million, and Kelp DAO suffered a loss of $292 million, with the two attacks accounting for approximately 95% of the total losses.

According to growthepie, the Ethereum mainnet recently reached a historic high in monthly transaction volume, totaling 72.8 million transactions.The specific distribution is as follows: token transfers account for 62%, utility (including inscriptions) account for 13%, financial transactions account for 8%, cross-chain transactions account for 2%, and unclassified transactions account for 15%.

The U.S. Securities and Exchange Commission (SEC) has passed a plan allowing publicly traded companies to reduce the frequency of financial report disclosures from quarterly to semi-annually, which has further moved closer to implementation after passing White House review. According to information from the U.S. government website, this review was completed earlier this week, allowing the SEC to officially announce the plan and seek public opinion.After receiving feedback, the commissioners will need to vote on the final version for it to take effect. Voting typically occurs several months later. Since President Trump called for changing quarterly reports to semi-annual reports last year, the SEC has been advancing this reform of corporate information disclosure requirements. Since 1970, publicly traded companies in the U.S. have been required to disclose financial information quarterly.

According to Jinshi reports, the panic index VIX has fallen to its lowest level in more than two months, reporting at 16.72.

According to Cointelegraph, the venture capital market in the cryptocurrency industry significantly cooled down in April, with the total amount of cryptocurrency VC financing dropping to $659 million, completing 63 rounds of financing, a sharp decline of 74% compared to March's $2.6 billion (84 rounds), marking the lowest monthly financing level since 2024.As of 2026, the cumulative financing amount in the cryptocurrency industry has reached $5.64 billion. Since peaking at $3.84 billion in October 2025, cryptocurrency VC financing has continued to decline, during which the total market capitalization of the global cryptocurrency market has also fallen by about 37%. In terms of sectors, DeFi protocols led with 12 rounds of financing, while blockchain services and AI-related cryptocurrency projects each completed 8 rounds. The venture capital department of market maker GSR became the most active investor in April, participating in 4 financing deals; institutions such as Tether, Animoca Brands, and Coinbase Ventures also participated in 3 transactions each.

According to data from Greeks.live, a total of 23,000 BTC options are set to expire, with a Put Call Ratio of 1.13, a maximum pain point of $76,000, and a nominal value of $1.74 billion. Additionally, 175,000 ETH options will also expire, with a Put Call Ratio of 0.94, a maximum pain point of $2,325, and a nominal value of $400 million.Greeks.live analyst Adam stated that this week's market fluctuations are small, with Bitcoin hovering around $78,000, and market sentiment gradually becoming calmer. The short-term RV has significantly decreased, combined with monthly settlements releasing nearly a quarter of the position margin, leading to a noticeable decline in the implied volatility of major expiration options this week. The major expiration IV of Bitcoin has fallen below 40%, while the major expiration IV of ETH has decreased even more, with short-term IV dropping below 50% and medium to long-term also falling below 60%. From the main options data, the Skew remains relatively stable, and the market's directional sentiment remains slightly bearish. This week, only 6% of options are expiring, with about 25% of positions at the end of the month and about 30% of positions at the end of June. Block trades are relatively inactive, all of which are signals of consolidation. In April of this year, Bitcoin performed significantly better in both price and popularity compared to the previous three months, but the altcoin market has seen limited recovery. Currently, the focus is mainly on Bitcoin, and trading altcoins will require further waiting.

According to crypto analyst Darkfost, the 30-day moving average of the Bitcoin short-term holder (STH) SOPR has turned positive for the first time in the past six months, indicating that STHs are on average at breakeven or slightly profitable.Historical data shows that this situation often acts as a resistance level during bear markets, as holders may flee due to a lack of confidence.

North Korean hackers had months of offline contact and infiltration with employees of Drift Protocol before launching one of the largest social engineering attacks in the history of the cryptocurrency industry, resulting in a loss of approximately $285 million.Data from blockchain security company TRM Labs shows that North Korean hackers have accounted for 76% of all cryptocurrency hacking losses in 2026 to date.

According to the latest data from Coinglass, the Bitcoin return rate reached 11.87%, setting a new high for the past 12 months, but lower than the historical average return rate of 12.98% for Bitcoin in April, and higher than the historical median return rate of 9.57% for Bitcoin in April.In addition, the Ethereum return rate in April reached 7.3%, far below the historical average return rate of 18.82% for Ethereum in April, but equal to the historical median return rate of 7.3% for Ethereum in April.

According to Jinshi News, due to the prospects of peace negotiations in the Iran war, traders are unwinding their bets on the safe-haven currency, the US dollar, which is facing its largest monthly decline since June of last year. The dollar index fell 1.8% in April, primarily due to the ceasefire agreement reached between the US and Iran earlier this month. Recently, with oil prices soaring again and market expectations of a possible interest rate hike by the Federal Reserve next year, the dollar index has rebounded, and the decline has eased. Nathan Tuft, a senior portfolio manager at Manulife Investment Management, stated that looking ahead, the dollar may decline but will still maintain a range-bound fluctuation.

Polymarket announced the launch of a comprehensive on-chain market integrity monitoring system solution to monitor trading behavior and enforce platform market compliance rules. This system will be built in collaboration with blockchain data analytics company Chainalysis, covering all DeFi trading processes on Polymarket, including real-time on-chain analysis of trading, holdings, and settlement data. It will identify potential violations through a multi-layer monitoring mechanism, focusing on insider trading and market manipulation.Polymarket stated that all its transactions are completed on a public blockchain. This collaboration will further amplify the advantages of on-chain transparency, allowing regulatory agencies and law enforcement to obtain verifiable on-chain evidence, thereby establishing a new compliance standard in the predictive market field. Polymarket founder and CEO Shayne Coplan stated that the platform has emphasized transparency and traceability since its inception, and this collaboration will further strengthen its positioning as a "trusted source of market information."

The latest report from blockchain intelligence agency TRM Labs shows that approximately 76% of global cryptocurrency hacking losses are related to organizations associated with North Korea, with a total stolen amount of about $577 million.North Korea's share of global crypto theft continues to rise: 22% in 2022, 37% in 2023, 39% in 2024, rising to 64% in 2025, and further increasing to 76% in 2026. Since 2017, the total illegal profits have exceeded $6 billion. The report points out that these losses mainly stem from two major incidents in April: a $292 million attack on KelpDAO and a $285 million theft from Drift Protocol, with the two attacks accounting for about 3% of all hacking incidents during the same period.