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US Department of Justice: Executives and Employees of Four Cryptocurrency Market Makers, including Gotbit, Indicted for Alleged Money Laundering

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April 1st — The U.S. Department of Justice’s Northern California branch announced that 10 executives and employees from four crypto market-making firms have been indicted for wash trading, which allegedly artificially inflated token trading volume and prices. The firms involved are Gotbit, Vortex, Antier, and Contrarian. Three of the defendants have been extradited from Singapore to the U.S., while two others have pleaded guilty and been sentenced. As part of an undercover operation, the FBI and IRS Criminal Investigation division created multiple cryptocurrencies to probe illegal volume inflation and pump-and-dump schemes in the industry. To date, over $1 million in crypto assets have been seized.
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South Korea's KOSPI Index Soars 7% Intraday, Now at 5407.10 Points

April 1: South Korea’s KOSPI index surges 7% intraday, currently at 5,407.10 points, per Bitget data.

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The Cosmos Ecosystem UX Chain will be gradually paused and is expected to fully shut down by May 15.

On April 1, UX Chain—a lending blockchain in the Cosmos ecosystem—officially announced it will gradually suspend operations. Users must close out all open positions before the platform’s full liquidation process kicks off on April 30. The protocol is expected to be fully shut down by May 15. UX reserves and the treasury will cover the protocol’s funding gap.

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Bithumb Lists Venice Token (VVV)

Per official sources, Bithumb has listed Venice Token (VVV) for trading as of April 1, with support for KRW trading pairs.

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Bitcoin Breaks $68,000, 24-hour Gain 1.94%

April 1st — Data from HTX shows Bitcoin rebounded to break above $68,000, posting a 1.94% gain over the past 24 hours.

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New Hampshire Agency Plans to Issue $100 Million Bitcoin-Backed Bond, Receives Investment Grade Rating from Moody's

On April 1, the New Hampshire Bureau of Business and Finance is set to issue a $100 million Bitcoin-backed bond, which has earned a "Ba2" speculative-grade rating from Moody’s. BitGo will serve as custodian and settlement agent, responsible for liquidating Bitcoin as needed to cover interest and principal payments.

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Justin Sun's wallet moved $16,198,700 worth of a meme coin to HTX

April 1st — On-chain analyst Ai Auntie (@ai_9684xtpa) reported that an address linked to Justin Sun deposited approximately $16.1997 million worth of five tokens into HTX overnight. The deposit breakdown includes: - ~$2.53 million in TRX - ~$13.45 million in stablecoins (USDT, USDC, USDD) - ~$1,270 in FF - ~$75,000 in KERNEL - ~$132,000 in LIT Notably, FF, KERNEL, and LIT are all project airdrops (excluding TRX and stablecoins), and the transfer may signal a sell-off.

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