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WLFI Threatens Lawsuit Against Justin Sun as Token Blacklist Dispute Turns Public

WLFI Threatens Lawsuit Against Justin Sun as Token Blacklist Dispute Turns Public

Public escalation: WLFI issued a “see you in court” threat against Justin Sun on April 12, 2026, following his allegations of a hidden backdoor blacklist in the WLFI token contract. Freeze details: Sun’s wallet holding 595 million WLFI tokens was frozen in September 2025 after a $9 million transfer; the position has since fallen from over $100 million to approximately $43.45 million. Decentralization critique: Sun denounced the...

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Treasury Secretary Bessent Urges Congress to Pass CLARITY Act as Global Crypto Adoption Accelerates

Treasury Secretary Scott Bessent urged the Senate to pass the Digital Asset Market Clarity Act (CLARITY Act) to secure U.S. leadership in the digital finance sector. Bessent characterized cryptocurrency as a “technology the world is adopting,” noting that capital and talent are fleeing to jurisdictions like Singapore and Abu Dhabi due to regulatory gaps. The push for legislation comes as the window for bipartisan action narrows...

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Iran Demands Bitcoin for Strait of Hormuz Tolls as MicroStrategy Resumes Buying

Iran has mandated a $1 per barrel transit toll payable in Bitcoin for all oil tankers passing through the Strait of Hormuz during a two-week ceasefire. MicroStrategy (MSTR) acquired an additional 4,871 BTC for approximately $329.9 million, bringing its total closer to the 1 million BTC milestone. On-chain sleuth ZachXBT uncovered a North Korean hacker network using fake identities to earn millions in crypto through remote IT roles. The...

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Zcash Surges 60% in a Week as Institutional Mining and ETF Optimism Mount

Zcash (ZEC) has gained 60% over the past seven days, outperforming the broader market to reach a three-month high of approximately $383. The rally follows the launch of a compliant mining pool by Foundry Digital and a surge in the network’s shielded pool supply, which now holds over 31% of ZEC. Market participants are closely watching the April 28 deadline for the SEC’s decision on Grayscale’s application to convert its Zcash Trust...

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Bitcoin Hits $70,000 as Institutional Focus Shifts Toward Ethereum Staking

Bitcoin surged past $72,000 following a two-week ceasefire agreement between the US and Iran, fueling a broad recovery in global risk assets. While MicroStrategy added 41,000 BTC in March, its accumulation rate has slowed relative to the aggressive growth seen in 2025. Bitmine Immersion Technologies (BMNR) has emerged as a major institutional force, staking over 3.3 million ETH to control nearly 4% of the total supply. Bitcoin reclaimed...

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