American musician G.Love loses 5.92 BTC due to malicious Ledger app, funds have been moved to exchange
April 12: Philadelphia musician G.Love said he accidentally downloaded a malicious counterfeit app from the Apple App Store while switching computers and reconfiguring his Ledger crypto wallet—resulting in the theft of roughly 5.92 Bitcoin in a short time.
On-chain detective ZachXBT later noted he’d traced the stolen funds’ flow, revealing the assets were routed through a CEX deposit address. ZachXBT also criticized the Apple App Store’s review process, arguing the platform’s allowance of fake apps to be listed exacerbates risks to users’ asset security.
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Iranian Official: U.S. Should Have Understood That Diplomacy Is Not a Stage for Commanding
April 12 — Ali Nikzad, Deputy Speaker of Iran’s Islamic Consultative Assembly, said Thursday that the U.S. should have learned from the 40-day war that outcomes depend on a country’s people’s will and battlefield advantage, not empty social media rhetoric. He added the U.S. will also grasp that diplomacy is a forum for respect, interaction and embracing reality — not for issuing orders. (CCTV News)
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Analysis: US-Iran Negotiations Focus on Three Key Sticking Points, with Hormuz Dispute at the Forefront
On April 12, The New York Times reported that current U.S.-Iran negotiations face three key sticking points: the reopening of the Strait of Hormuz, uranium enrichment, and the unfreezing of Iran’s overseas assets.
### Strait of Hormuz
Iran has rejected the U.S.-proposed "joint control" plan for the Strait of Hormuz, insisting it retain control of the waterway and claiming the right to charge "transit fees" to passing vessels. Tehran says it will only consider reopening arrangements after a final bilateral peace agreement is reached.
By contrast, the U.S. holds a starkly different stance. President Trump said on April 10 that the Strait of Hormuz is international waters, adding the strait will be reopened "soon" regardless of "Iranian cooperation"—and that he will not permit Iran to charge transit fees.
### Nuclear Issue
The U.S. is demanding Iran hand over its entire stockpile of near-weapons-grade enriched uranium (roughly 900 pounds). Tehran has offered a counterproposal,
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Iran Responds to Trump: Blocking Iran Cannot ‘Open’ the Strait of Hormuz
April 12 – Xinhua reported that U.S. President Trump retweeted a social media post on April 12 referencing a "naval blockade" against Iran. Iran’s embassy in Austria responded the same day, noting that a blockade cannot "open" the Strait of Hormuz.
"Here’s a simple point for anyone asking: A blockade is a blockade—it doesn’t 'open' the Strait, only restricts it. The only way out of this self-created bind is to keep negotiations open and flexible, and follow reason."
Per monitoring from PolyBeats (via https://t.me/PolyBeats_Bot), the probability that the Strait of Hormuz will remain navigable by month’s end has dropped from 35% (before U.S.-Iran talks) to 17% on the prediction market Polymarket.
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U.S. Senator Warns: This Year Is the Final Window to Pass the CLARITY Act
April 12: U.S. Senator Cynthia Lummis — a leading cryptocurrency advocate — issued an urgent call for Congress to pass the **CLARITY Act** this year, warning the legislative process could be delayed until after 2030 without action.
“This is our last chance to pass this bill until at least 2030, and we cannot afford to jeopardize the future of American finance,” Lummis stated. Industry concerns mount that the November midterm elections will shift Congress’ legislative focus, rapidly narrowing the window for the highly anticipated bill to pass in 2024.
Former White House AI and cryptocurrency czar David Sacks voiced support, urging the Senate Banking Committee and full Senate to expedite market structure legislation. He predicted the bill would ultimately be signed by Trump. The CLARITY Act aims to clarify regulatory boundaries for crypto assets across federal agencies; the industry widely believes it will unlock U.S. crypto innovation and boost retail investment demand. a16z Crypt
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The "Rug Pull" Memecoin RAVE has surged over 10x in the past eight days, with one address seeing over $50 million in unrealized gains
April 12th, per HTX market data, RAVE—one of the "pump-and-dump" meme coins—has jumped 56% in the past 24 hours, last trading at $2.78. It hit a high of $3.17 at one point and has surged over 10x since April 8, when it was priced at $0.26.
On-chain analyst Ai Auntie (@ai_9684xtpa) noted that a Bitget-linked multisig address (0x0A1...790d7) has withdrawn 31.93 million RAVE tokens in the past two days. The address’s asset value has soared from $37.54 million to $89.10 million—up roughly $50 million in two days. Back on April 8, those tokens were worth just $8.52 million.
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