Bitmine once again collateralizes 61,232 ETH, worth $142 million

April 22 — Singapore’s Monetary Authority (MAS) has released a consultation paper proposing a more crypto-friendly regulatory capital framework for assets on permissionless (public) blockchains, ahead of implementing the Basel Committee’s crypto asset capital requirements, per Caixin. The current Basel framework is widely viewed as overly strict in classifying public blockchain assets, a stance that could hinder banking innovation. Basel splits crypto assets into two groups: Group 1 includes tokenized traditional assets and stablecoins (with lower capital requirements), while Group 2 covers assets failing to meet Group 1 criteria. MAS aims to avoid a one-size-fits-all classification of permissionless blockchain crypto assets as Group 2. Instead, it will allow these assets to qualify for Group 1 status (lower risk weights, more lenient prudential rules) if they meet a set of foundational principles — a move to achieve regulatory technology neutrality. For Singapore-incorporated

April 22 — Per GMGN monitoring, the Solana-based meme coin MAGA (Make Aliens Great Again) briefly topped $25 million in market cap and hit a new all-time high before pulling back. It currently trades with a ~$19.3 million market cap, up 186% in 24 hours, on ~$8.1 million in volume. Since April 17, when former President Trump publicly announced plans to declassify government files related to UFOs, UAPs, and potential alien life, the related narrative has gained traction — and MAGA’s market cap has skyrocketed from under $50,000. BlockBeats notes: Meme coin trading is extremely volatile, driven heavily by market sentiment and concept hype, with no tangible value or real-world use case. Investors are advised to exercise caution due to these risks.

April 22 — Etherealize, the institutional marketing and product arm of the Ethereum ecosystem, has set a long-term price target of $250,000 for ETH, describing the token as a unique asset in monetary history. The firm’s report did not specify a target date for the prediction, marking a sharp drop from its prior $740,000 per token target—first unveiled in its inaugural public statement last year. Etherealize’s core argument is that ETH functions as both a store of value (like Bitcoin and gold) and a productive asset capable of generating returns. The Ethereum blockchain secures its network via a proof-of-stake consensus mechanism. Gold and Bitcoin currently hold a combined currency premium of roughly $31 trillion. If Ethereum were to capture a similar premium, its implied price would exceed $250,000 given its current circulating supply of 121 million ETH.

April 22 — Scammers posing as Iranian authorities are demanding cryptocurrency payments for safe passage through the Strait of Hormuz, with at least one vessel reportedly falling victim to the ruse, CoinDesk reported. Greek maritime risk firm Marisks issued a warning that multiple shipping companies have received fraudulent messages impersonating Iranian officials requesting payments in Bitcoin (BTC) or Tether (USDT). The firm noted at least one ship was targeted over the weekend, with the vessel reportedly fired upon while attempting to transit the strait. “This specific information is a scam,” Marisks stated, confirming the messages did not originate from the Iranian government. The original fraudulent message, released publicly by Marisks, reads: “After submitting required documents and your vessel being assessed by the Iranian Security Department, we will determine fees payable in cryptocurrency (BTC or USDT). Only then can your vessel transit the strait at the agreed time.”

April 22 According to the Financial Times, ahead of Revolut’s planned initial public offering (IPO), the fintech firm’s target valuation could hit as much as $2 trillion. Details in its high-profile listing plans shared with investors show that valuation would catapult its founder into the ranks of the world’s wealthiest people. The London-headquartered fintech, which secured a full UK banking license last month after a four-year wait, said it won’t pursue an IPO before 2028. Investors and company insiders told the Financial Times that executives have internally floated a valuation target between $1.5 trillion and $2 trillion. A person familiar with the matter noted no formal valuation target has been set yet. Revolut declined to comment. Revolut founder Nik Storonsky said this week the company’s IPO could arrive as early as 2028. Under a long-term agreement, Storonsky’s stake would rise by several percentage points if Revolut hits a $1.5 trillion valuation. In a Russian interv

On April 22, Volo— a liquidity mining platform within the Sui ecosystem— suffered a security breach, resulting in the theft of roughly $3.5 million in assets (including WBTC, XAUm, and USDC) from three specific vaults. Following the incident, the team promptly notified the Sui Foundation and ecosystem partners, and froze all vaults to prevent further losses. The breach only impacted three vaults; the remaining vaults do not share the same attack vector, and approximately $28 million in total value locked (TVL) assets remain secure. The team will cover the losses from the incident, will not pass them on to users, and plans to release a comprehensive post-incident report and remediation plan once the investigation concludes.