KuCoin Expands PROOF Campaign with New Trading Competitions and Up to $500,000 in Rewards
Crypto Daily·60-word summary·1 min read
KuCoin has expanded its PROOF trading campaign starting April 20, adding new trading competitions and a reward pool of up to $500,000. The campaign aims to boost user engagement and trading activity on the platform. Details of the competitions and how users can participate are expected to be announced soon, with the increased rewards highlighting KuCoin’s ongoing efforts to incentivize traders.
Toobit launched a $150,000 copy trading campaign from April 17 to May 8, 2026, offering new users a record 15 USDT entry bonus. The campaign emphasizes streak-building rewards for both followers and Lead Traders, marking a shift from previous lucky draw formats. This initiative aims to boost engagement and trading activity during the promotional period.
RaveDAO faces accusations from ZachXBT of knowing about a $23 million token price manipulation scheme involving its $RAVE token. The manipulation caused a 40% price drop from $1 to $0.6 after a large transfer to Bitget deposit addresses. RAVE surged 11,000% in nine days before crashing, raising concerns about market manipulation and transparency.
KeyBanc raised its target for Alphabet (GOOGL) stock to $380 from $370, suggesting about 12% upside. The firm is optimistic about Google Cloud’s growth, forecasting revenue of $91.8 billion in 2026, which is 8% above Wall Street estimates. This positive outlook follows strong Q1 gross revenue of $107.7 billion, highlighting confidence in Alphabet’s cloud segment.
A blockchain investigator has accused RaveDAO of knowing the identity of the individual who manipulated its token’s price. The sleuth pointed to suspicious exchange-linked activity as RAVE’s market cap surged from $60 million to $6 billion and then declined again. The investigation highlights concerns over potential market manipulation within the decentralized autonomous organization.
Enveric Biosciences stock surged over 160% after President Trump signed an executive order to fast-track psychedelic drug reviews. The move also included a $50 million fund for ibogaine research, boosting biotech stocks in the psychedelic sector. ENVB’s rally marks a major shift in the psychedelics market driven by regulatory support.
Chiliz's CHZ token surged 10% on April 20, driven by plans to expand into the U.S. sports market. The price spike has reignited trader interest, reflecting growing optimism about Chiliz's strategic move. The company aims to leverage the U.S. market to boost its presence in the Web3 sports and entertainment sectors, fueling positive sentiment around CHZ.
