Binance and Bitget are investigating suspicious trading activity around RaveDAO's RAVE token after ZachXBT accused insiders of orchestrating a short squeeze. Bitget CEO Gracy Chen confirmed the probe, and Binance CEO Richard Teng said they will examine market misconduct. The investigation aims to clarify potential manipulation in the token's price.
Amazon (AMZN) stock closed at $250.56, up 20% in April, nearing its all-time high of $254. The stock has gained in nine of the last ten trading sessions. Truist raised its price target to $285, citing 25% AWS revenue growth in Q1. Jim Cramer also called Amazon a better buy than Microsoft.
Charles Hoskinson stated that XRP holders do not benefit when Ripple succeeds, even if the company's success boosts XRP's price during a bull market. He explained that Ripple retains most of the value, leaving XRP holders without direct gains from Ripple's growth. This perspective highlights ongoing debates about the distribution of value within the Ripple ecosystem.
RaveDAO has denied involvement in recent RAVE token price fluctuations amid investigations by Binance and Bitget into suspected market manipulation. The exchanges are examining trading activity surrounding RAVE, but RaveDAO maintains it was not responsible for the price surge and crash. The probes began in April 2026 as authorities seek to clarify market activity.
Russia’s largest bank, Sberbank, plans to offer crypto custody and trading services to its 110 million customers, pending central bank approval. The proposed rules limit non-qualified investors to about $4,000 annually in crypto purchases. The framework also bans anonymous coins like Monero, Zcash, and Dash. The launch could significantly expand crypto access in Russia.
RaveDAO's token plummeted 95% from its peak of $27.94 to around $1.50, following allegations of manipulation. On-chain investigator ZachXBT accused insiders of a pump-and-dump scheme. Binance and Bitget launched formal investigations, and approximately $43.68 million in leveraged positions were affected. The collapse highlights ongoing concerns over market manipulation in crypto trading.
Former U.S. Treasury Secretary warns that a potential crash in the bond market could negatively impact the crypto sector. The warning, issued on April 19, 2026, highlights concerns that a significant bond market downturn may lead to increased volatility and reduced investor confidence in cryptocurrencies, emphasizing the interconnectedness of traditional and digital asset markets.
