ZKJ experiences extreme spot-futures price disparity, reaching as high as 77%
On April 28th, HTX market data shows a sharp price divergence between the ZKJ perpetual contract and spot market. The current perpetual contract mark price stands at $0.0293, while the on-chain spot price is $0.128 — a 24-hour gain of 465% — resulting in a price gap of up to 77%.
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ZKJ Skyrockets 516% in 24 Hours, Currently Trading at $0.138
As of April 28th, HTX market data shows ZKJ has rallied more than 516% in the past 24 hours, currently trading at $0.138 per token.
Additionally, Coinglass data indicates ZKJ saw $2.71 million in liquidations over the same period, with long positions accounting for $0.63 million and short positions totaling $2.07 million.
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MGBX Launches $210,000 USDT Referral Trading Carnival
April 28 — MGBX is set to launch its “210,000 USDT New User Trading Carnival” from April 27, 2026, through May 17, 2026 (Singapore Time, SGT). The event is open to all registered and KYC-verified users.
During the campaign, users who complete registration, make a deposit, execute trades, and invite friends are eligible for rewards. New users can claim up to 20 USDT in welcome bonuses. Top users who invite new participants will split a 50,000 USDT prize pool. Contract trading rewards and leaderboard prizes each cap at 50,000 USDT, totaling a 210,000 USDT prize pool for the event.
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「Fed Watch」: Intense Internal Debate at the Fed Puts Dovish Tone at Risk
April 28 — The Federal Reserve’s two-day policy meeting wraps early Thursday Beijing time, marking Fed Chair Jerome Powell’s last meeting in the role. Markets widely expect the central bank to hold its benchmark interest rate steady at 3.5%-3.75%, but the key question is whether policymakers will signal rate cuts are off the table or merely delayed.
Stagflation risks have reignited amid an Iran war energy shock and multiple supply disruptions — the U.S.’s fourth supply shock in five years (following the pandemic economic restart, Russia-Ukraine conflict, trade war, and current Middle East hostilities).
Fed Governor Christopher Waller, who previously backed three 2023 rate cuts over labor market concerns, has shifted focus to inflation risks this month. Even with the Iran war ceasefire, the Strait of Hormuz remains partially blocked, driving up jet fuel prices. Fed officials project inflation will take at least a year to return to the 2% target.
Wall Street Journal reporter Nic
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The Crypto Industry is Facing a Wave of Shutdowns: Token Model Fails, Lack of Restructuring Path
April 28th — The cryptocurrency industry is currently grappling with a wave of shutdowns, hitting projects from exchanges to analytics tools. April’s latest casualty: decentralized email service Dmail announced it will cease operations due to sky-high infrastructure costs, failed funding rounds, and weak token utility.
Roshan Dharia, CEO of crypto holding firm Echo Base, observed: “In past market cycles, projects could stretch their runway via new token issuances or VC backing. That playbook is now largely closed, leading to earlier loss recognition—and more shutdowns than recoveries.” The crypto space has long relied on rapid token-based fundraising but lacks a formal resolution framework during distress, making debt restructuring or stakeholder coordination tough as conditions worsen.
Recent months have seen further deterioration amid sliding user activity, shrinking financial reserves, and narrowing funding channels:
- DAO tool platform Tally said it’s gradually winding down
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Iranian Military: War Not Seen as Over, Situation Still Regarded as War
April 28 – Per Iranian state media, an Iranian military spokesperson said: "We don’t believe the war is over—we still view the situation as active combat, and our armed forces have updated their objectives and equipment." (Golden Finance)
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