Over 30 crypto and DeFi organizations urged the SEC on April 21 to establish clear, formal rules distinguishing non-custodial software and blockchain infrastructure from traditional brokers. The industry seeks to reduce regulatory uncertainty and promote innovation by moving away from informal interpretations. This collective effort highlights the ongoing push for clearer DeFi regulations in the U.S.
BELIEVE token plummeted over 99% today, dropping nearly 19% in a single day amid legal issues involving founder Benjamin Pasternak. Pasternak faces serious charges of second-degree strangulation and assault, with a court date set for June 11. The legal troubles have significantly undermined market confidence, causing the token's dramatic decline.
Pornhub is switching its creator payout currency from USDT to USDC, effective June 1, to ensure compliance with MiCA regulations and full reserve backing. Creators must update their payout details before the deadline to avoid disruptions. USDT remains available for some premium crypto payments, but the platform is phasing out USDT for creator payments.
CoinShares reports $224 million inflows into crypto ETPs in April, with XRP leading at $120 million and Bitcoin at $107 million. Year-to-date inflows total $1.2 billion. Bitcoin's price stands at $77,316, with strong support levels at $74,400. The April 22 Bitcoin ETF saw notable activity, reflecting growing institutional interest in crypto products.
GSR launched its first multi-asset crypto ETF, BESO, on April 23, 2026, offering exposure to Bitcoin, Ethereum, and Solana. The actively managed fund includes staking rewards and charges a 1% fee, catering to institutional investors seeking diversified crypto exposure. The ETF reflects increasing demand for institutional-grade, multi-asset crypto investment products.
Cango has cut Bitcoin production costs by 19.3%, now at $68.215 per BTC, after selling 2,000 BTC for $137 million to reduce debt. The company, the sixth-largest miner with 27.9 EH/s hashrate, benefited from ETF inflows of $335 million, which supported Bitcoin's recent upward trend. The developments occurred in April 2026.
Over 100 crypto firms have urged the U.S. Senate to advance the market structure bill, emphasizing the need for clear SEC and CFTC oversight, protections for non-custodial developers, simplified disclosure rules, and a unified national framework to replace inconsistent state laws. The coalition aims to foster a more predictable regulatory environment for the crypto industry.
