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24 Apr 2026, 07:03

Why TSMC stock keeps breaking records for a second straight day

Taiwan Semiconductor Manufacturing Co. (TSMC)’s stock hit another new all-time high today because investors got two reasons to buy more of the world’s largest chipmaker. First, Taiwan’s regulator said it plans to relax limits on how much local funds can put into one stock. Second, TSMC is still posting huge profit growth while demand for advanced chips stays strong. Shares surged by 5% on Friday, after the stock had already reached a record on Thursday. The planned rule change matters because it affects how much money local funds can place into TSMC. Under the revised framework, domestic equity funds and actively managed ETFs focused on Taiwanese stocks will be allowed to put up to 25% of assets into any listed company with a weighting above 10% on the Taiwan Stock Exchange. The old rule had capped one company at 10% of a portfolio’s net asset value. Since TSMC dominates that market, traders read the proposal as a path for more buying. Taiwan eases fund rules and gives TSMC another lift The regulatory news landed after another strong earnings report. Last week, TSMC said first quarter profit jumped 58%, beating estimates as the AI boom kept chip demand high. Net income came in at 572.48 billion new Taiwan dollars for the three months ended in March. That was the fourth straight quarter of record profit. TSMC is Asia’s most valuable technology company, and its chips are used in products ranging from consumer devices to large data centers. Customer demand has stayed strong across the market. TSMC continues to supply advanced chips for major customers such as Apple . It also benefits from the rapid growth of AI, where it manufactures advanced processors designed by Nvidia, now its biggest customer. That keeps TSMC tied to demand in artificial intelligence, high performance computing, and mobile devices, three areas that still need more powerful and more efficient chips. TSMC broadens chip design work and adds newer node plans Beyond the stock rally, TSMC also added business and product updates. First, the company and Siemens expanded their partnership to push AI-powered automation further into semiconductor design. The deal builds on earlier work aimed at expanding automation across electronic design automation, or EDA, workflows. As part of that effort, Siemens will integrate its Fuse EDA AI System, an AI platform built to automate several chip design steps and improve productivity. The collaboration also covers advanced chip designs, including 3D IC architectures that use TSMC’s 3DFabric technology. Siemens tools are being used for verification, connectivity checks, and thermal analysis. The two companies are also working on support for TSMC’s 3nm, 2nm, A16, and A14 process technologies. The work also includes silicon photonics and TSMC’s Compact Universal Photonic Engine, or COUPE, backed by Siemens design and verification tools for next-generation chip development. At TSMC’s 2026 North America Technology Symposium in Santa Clara on April 22, the company introduced A13, its latest advance in its most advanced process technology. A13 is a direct shrink of A14, which was announced in 2025. It is meant for next-generation AI, HPC, and mobile applications, with more compact and more efficient designs. TSMC said A13 offers 6% area savings from A14, keeps design rules fully backward compatible with A14, and is scheduled for production in 2029, one year after A14. At the event, TSMC’s Chairman and CEO Dr. C.C. Wei said customers keep looking to their next product cycle and need a reliable stream of new silicon technologies. The symposium, held under the theme “Expanding AI with Leadership Silicon,” is the first stop in a global event series and serves as TSMC’s biggest yearly customer gathering. TSMC also previewed A12, an A14 enhancement with Super Power Rail for backside power delivery in AI and HPC chips, also due in 2029. It also introduced N2U, a new 2nm option due in 2028, with 3% to 4% speed gains or 8% to 10% lower power use, plus 1.02x to 1.03x logic density improvement over N2P. The smartest crypto minds already read our newsletter. Want in? Join them .

24 Apr 2026, 07:02

Coingecko unveils AI-powered market tools for 36 million tokens

🚀 CoinGecko rolls out AI-powered tools covering 36 million tokens. New features let users see real reasons behind $BTC market swings. ✨ Key point: Portfolio Insights now supports EVM networks for easier tracking. Continue Reading: Coingecko unveils AI-powered market tools for 36 million tokens The post Coingecko unveils AI-powered market tools for 36 million tokens appeared first on COINTURK NEWS .

24 Apr 2026, 07:00

Eric Trump Calls Justin Sun’s Lawsuit ‘Ridiculous’ As WLFI Hits New All-Time Low

World Liberty Financial (WLFI) has hit new lows as one of its largest investors files a lawsuit against the project backed by the US First Family, raising concerns about the project’s stability. Related Reading: Ethereum Faces ‘Moment Of Truth’ As Price Eyes $2,450 Resistance – Breakout Loading? WLFI Sinks Amid Justin Sun Lawsuit World Liberty Financial’s token has fallen around 3% over the past 24 hours, reaching a new all-time low of $0.0761 on Thursday morning, according to CoinGecko data. The cryptocurrency had been trading between $0.0887-$0.1355 since the early February correction, but broke down from this range at the start of April. Notably, the token has seen 16.5% and 26% corrections in the weekly and monthly timeframes, fueled by multiple controversies and the recent legal action taken by Tron founder and WLFI’s largest holder, Justin Sun. Sun filed a complaint against the Trump-backed project on Tuesday, alleging that WLFI’s team froze his tokens using an embedded smart contract backlist function, stripped him of his voting rights, and threatened to burn his holdings, without proper justification. According to the lawsuit, he invested a total of $45 million to buy 3 billion WLFI tokens in 2024 and 2025 and received one billion tokens for advising the project. He also claimed that “World Liberty is on the verge of collapse,” raising concerns about whether the project has enough reserves to back its USD1 stablecoin. In the filing, Sun reportedly says that his relationship with WLFI’s team soured mid-last year after he declined to provide more investment and support to the project, specifically the USD1 stablecoin. In addition, he claimed that World Liberty Financial privately blamed him for the WLFI’s 40% price crash on its launch, leading to his address blacklist on September 4, 2025. Eric Trump Takes A Jab At Sun The Tron founder affirmed on X that he had tried to resolve the situation privately, but that “certain individuals on the World Liberty project team have been operating the project in a manner that goes against President Trump’s values,” leaving him “no choice but to turn to the courts.” World Liberty Financial co-founders Eric Trump and Zack Witkoff publicly responded to Justin Sun’s lawsuit, dismissing his complaint and taking a jab at the Tron founder. In an X post, Eric Trump discredited him, arguing that the only thing “more ridiculous than this lawsuit is spending $6 million on a banana duct-taped to a wall,” referencing Sun’s notorious purchase of Maurizio Cattelan’s banana artwork in late 2024. Some online users pointed out the shift in their relationship, noting Trump’s second son had praised Sun less than a year ago. In June 2025, Eric Trump said he was “the biggest fan of Tron” and “loved” Justin Sun, whom he called a “great friend and an icon in the crypto space.” Related Reading: Dogecoin ‘Launchpad’ Ready? Analysts Forecast Big DOGE Price Move Amid Volume Spike Witkoff, who is the son of Trump Middle East envoy Steve Witkoff, also called Sun’s lawsuit a “desperate attempt to deflect attention” from the crypto founder’s “misconducts,” affirming that his claims are “entirely meritless” and that World Liberty Financial looks forward to getting the case thrown out soon. “He engaged in misconduct that required World Liberty to take action to protect itself and its users. World Liberty will continue to take all necessary steps to protect its community,” Witkoff concluded. As of this writing, WLFI has fallen more than 75% since its all-time high (ATH) of $0.33 on September 1, 2025. Featured Image from Unsplash.com, Chart from TradingView.com

24 Apr 2026, 07:00

BNB Technical Analysis: Support, Resistance and Price Outlook

BNB momentum is balanced with neutral RSI at 54.77, MACD giving a bullish signal with positive histogram. Short-term strong above EMA20 but awaiting volume confirmation in sideways trend.

24 Apr 2026, 06:57

DeFi United Coalition Widens With Frax Finance Backing Aave

After Mantle, Frax Finance joins DeFi United to help Aave stabilize after the rsETH incident. Other players include Mantle, EtherFi, Golem and Stani Kulechov. Aave has paused rsETH markets and limited exposure while working on recovery. Stani Kulechov, founder of Aave, announced today April 24, 2026, that Frax Finance, a DeFi platform, has joined the growing DeFi United coalition and is stepping up as an important partner in the coordinated effort to address the rsETH incident on Aave. Even though Frax does not have a direct exposure to rsETH , it is still making an effort to help its longtime ally and partner Aave. The team has pledged to collaborate in a positive manner with DeFi United participants to restore stability in Aave markets and the broader DeFi ecosystem. Frax plans to propose a governance vote soon, which will outline a structured, incentive-aligned approach. As Frax assets expand on Aave, both ecosystems stand to benefit mutually. Partners at Frax will share detailed proposal soon. DeFi United Coalition Grows Strong The DeFi United initiative now has a great number of contributors, who are rallying to mitigate the rsETH fallout. Mantle leads with a 30,000 ETH backstop to remediate impacts. Tydros and the Ink Foundation contribute alongside Aave and others, targeting support for affected parties, orderly resolutions for lenders, and bad debt mitigation. Golem, one of Ethereum’s oldest DAOs, is also a part of this and has donated about 1,000 ETH to the relief effort. LayerZero proposes contributors toward restoring rsETH backing, coordinating with Aave, EtherFi, Ethena, Arbitrum and Kelp for the optimal crypto outcome. Stani Kulechov is also personally committed to this as he has put in 5,000 ETH to DeFi United while formalizing more pledges. Ethena, as mentioned above, has also joined with a contribution to restore rsETH backing as part of the recovery push, and has dubbed it as “Aavethena.” The EtherFi Foundation proposed 5,000 ETH dedicated relief vehicles, protecting users and preventing bad debt across DeFi. Service providers of Aave are leading this initiative. Contributors from Lido Finance have even put forward a proposal for their DAO to join in. Now, Frax has also joined, showing that many projects across the ecosystem are coming together and supporting the effort. Aave’s Official Update on rsETH Incident Aave posted an update on X and stated that rsETH on Ethereum is still fully backed, which means that the funds are safe, but to be careful, they have paused rsETH on their V3 and V4 platforms and also have limited the amount of exposure users can have. They have also frozen WETH reserves in some markets like Ethereum, Arbitrum, Base, Mantle and Linea to avoid any risk of spreading. The team is checking everything carefully and is working on solutions. Stani Kulechov in his X post said that the team is working nonstop to protect its users. Moreover, the price of AAVE token AAVE 1.72% has also seen an uptick since this DeFi United program began. At press time, the price of the token stands at $93.57 with an uptick of 1.5% in the last 24-hours as per CoinGecko. AAVE 24-hours chart DeFi United: A Game-Changer for DeFi’s Future The DeFi United effort shows how crypto projects can come together and work instead of just competing. After the April 18 rsETH issue, big players like Mantle , EtherFi, Lido Finance, and Frax Finance came together and committed large amounts of ETH to support the system. This is not a short-term fix, but in a way it shows how DeFi can handle crises. Instead of letting the project just collapse, projects are coming together and helping each other, reducing losses, protecting users and stabilizing the market faster. The DeFi United is also making decisions openly through governance proposals, so users can see what’s happening and trust the process. In the future, this could turn into a permanent safety fund where DeFi projects keep money ready to handle emergencies. It shows that DeFi can actually become stronger after crises. Also Read: AAVE Price Holds Key Support While Traders Build Leverage Positions

24 Apr 2026, 06:55

Jane Street seeks exit from Terra fallout as estate probes trading play

Quant trading giant Jane Street is pushing to dismiss Terraform Labs’ lawsuit accusing it of insider trading, calling the case a “cash grab” by the bankrupt crypto firm’s estate and arguing it is being unfairly blamed for a fraud it did not create. Terraform accuses the firm of insider trading, but Jane Street Capital says Terraform’s founder, Do Kwon, already admitted to and has been convicted of fraud. The legal battle began in February 2026, when Terraform’s bankruptcy administrator sued Jane Street for using inside information to withdraw millions of dollars before the Terra ecosystem collapsed in May 2022. How did a $40 billion crypto project collapse, and what did Jane Street have to do with it? In May 2022, large holders began selling Terraform’s UST stablecoin , and the price broke it’s $1 peg. The algorithm printed more LUNA (Terraform’s crypto coin) to fix it, but this just made the coin worth less. Both tokens wen’t into a free fall and crashed to almost zero within days, wiping out over $40 billion in value. The reason UST crashed in the first place was that Terraform lacked real-dollar reserves backing the stablecoin. This meant that the whole system could collapse if people tried selling UST at once. The SEC later discovered that Terraform lied about a Korean payment app called Chai for years. Apparently, the company told investors that the payment app processed real transactions on the Terraform blockchain and even programmed fake transactions to back their claims. Do Kwon now serves a 15-year prison sentenc e after pleading guilty to conspiracy and wire fraud in December 2024. He said he was, in his own words, “alone responsible for everyone’s pain.” What exactly is Jane Street accused of, and why does it say the lawsuit should be thrown out? As recently reported by Cryptopolitan, the Terraform bankruptcy estate accuses Jane Street of using private information as Terraform’s trading partner to profit during the crash. According to the complaint, Jane Street bet that prices would fall starting May 8, 2022, and sold off other assets on May 7. The ecosystem crashed hours later. Jane Street responded and said the “private information” was already public. According to the quant firm, Terraform had already announced the transition to a new liquidity pool weeks before, quashing any claims of back-channel communication. The defendant wrote in their filing, “This case is an attempt by the estate of Terraform Labs to extract cash from Jane Street to foot the bill for a fraud that Terraform itself perpetrated on the market.” Jane Street also raised two legal defenses: the Wagoner rule and a second one about geography. Under the Wagoner rule, Terraform cannot make Jane Street pay for its own wrongdoing, since it created the fraud that caused the collapse. In the second defense regarding geography, Jane Street argues that Terraform has not proven that the actual trades occurred within the United States. Because U.S. securities law applies to U.S. transactions, American courts may not have jurisdiction to hear the case at all. Jane Street now asks the court to dismiss the entire case “with prejudice.” Did Jane Street really dump Bitcoin every day at 10 AM, and what do analysts say? Claims that Jane Street was intentionally selling Bitcoins every day at exactly 10 AM Eastern Time spread like wildfire across the internet. A popular crypto account called Cark posted on X , accusing Jane Street of “running an algorithm” to dump Bitcoin at market open for months. According to crypto influencer Justin Bechler, Jane Street made good use of its $790 million stake in BlackRock’s iShares Bitcoin Trust (IBIT) during that time. He says the firm would make a profit by selling real Bitcoin at 10 AM to push the price down, then buy IBIT shares at the now-lower price. “The public just sees accumulation. The actual position could be a massive short that looks like a long because the offsetting half of the trade is invisible under current disclosure rules,” Bechler wrote on X . “The 13F is a photograph of one side of the balance sheet. Nobody outside the firm can see the other side.” However, several analysts pushed back hard on the accusations. Julio Moreno, head of research at the on-chain data platform CryptoQuant, posted on X , saying that buying spot Bitcoin and selling futures at the same time was completely normal, and that hundreds of firms do it. Economist Alex Krüger called the theory a “ flawed conspiracy ,” while Bitcoin analyst Sunny Decree called it “ FAKE NEWS .” Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .