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28 Apr 2026, 22:53

Tornado Cash dev supporters reject AG Blanche's hollow ‘code is not crime’ pledge

Acting U.S. Attorney General Todd Blanche’s promise to developers at the Bitcoin 2026 conference in Las Vegas has been dismissed by Tornado Cash developer Roman Storm’s defense team. Despite the Trump administration’s crypto-positive attitude, the ongoing prosecution of non-custodial developers has become something of a hole in the hull of what is supposed to be a regulatory tight ship. What did the Attorney General Blanche actually say? Speaking on a panel hosted by Coinbase’s (NASDAQ: COIN) Chief Legal Officer, Paul Grewal, Acting U.S. Attorney General Todd Blanche stated that software developers would no longer face prosecution for writing code. He said coders would be exempt from prosecution if it is proven that they are not third-party users, and are not helping or knowledgeable about what a third-party user is using their product for. However, he contradicted himself later on, stating that being a coder doesn’t excuse anyone from criminal liability. The CEO of Coin Center, Peter Van Valkenburgh questioned how the DOJ determined what classifies as publishing noncustodial software and “helping” or “knowing” about a bad user. “What counts as ‘helping’? What counts as ‘knowing’?” He added. Laurent Salat, creator and developer of OXT, pointed out that under such vague interpretations of what counts as knowledge, a federal agent could incriminate an operator of a non-custodial bitcoin service with a simple email. Why is Roman Storm still facing prison? Cryptopolitan reported that Roman Storm was convicted in August 2025 of one count of conspiracy to operate an unlicensed money transmitting business. A jury was unable to decide on whether or not to charge Storm with conspiracy to commit money laundering and conspiracy to violate the International Emergency Economic Powers Act. Even though the U.S. Treasury lifted sanctions on Tornado Cash in 2025, the DOJ filed for a retrial on the deadlocked counts in March 2026. AG Blanche’s “knowledge” standard is the exact legal theory used to convict Roman Storm in the first place. In his case, the government introduced evidence that he received emails from third parties about misuse of Tornado Cash, conducted Google searches about prominent hacks, and shared media reports about those hacks with team members. Prosecutors have argued this constitutes sufficient “knowledge” to establish criminal liability for transmitting illicit funds, a theory that even Judge Katherine Polk Failla, who is presiding over the case, questioned. Storm himself posted on X that developers “CAN be prosecuted for your software,” adding that it does not matter whether a developer can stop the software from functioning. Storm’s counsel Brian Klein argued at the hearing that any technology created for legitimate purposes can be misused, and that a developer’s awareness of such misuse does not amount to assisting criminals. His team cited case law, including a sugar seller who knew his product was being used to manufacture illegal alcohol during prohibition. Judge Katherine Polk Failla has tentatively set Storm’s retrial date for October 26, 2026. If convicted on the remaining charges, he faces up to 40 years in prison. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank

28 Apr 2026, 22:42

Why are Coreweave, SoftBank, Broadcom, AMD, Nvidia, and Oracle stocks crashing?

Coreweave (CRWV), SoftBank Group (9984.T), Broadcom (AVGO), Advanced Micro Devices (AMD), Nvidia (NVDA), and Oracle (ORCL) fell because traders are no longer treating OpenAI’s spending plans like free money. A report said OpenAI has not hit some of its own growth and sales goals, and that was enough to hit the whole AI infrastructure trade on Tuesday. The damage was not small. Oracle dropped 4%, even with its $300 billion five-year compute partnership with OpenAI still in place. Broadcom lost 4%. AMD fell 3%. Nvidia slipped more than 1%. Qualcomm (QCOM) went down 0.2%, though it finished above its weakest level after getting some help Monday from reports that it is working with OpenAI on smartphone chips. Coreweave, the debt-heavy neocloud stock tied closely to AI compute demand, fell more than 5%. SoftBank, one of OpenAI’s largest investors, sank about 10% in Asia. OpenAI misses growth targets and investors sell the companies tied to its compute demand The report said OpenAI has recently missed its own targets for user growth and revenue. That matters because OpenAI has signed massive deals for data centers and long-term computing power. OpeAI’s finance chief Sarah Friar warned colleagues that slower sales could make it harder for OpenAI to fund future compute deals, which landed hard because OpenAI has become one of the biggest demand engines for the AI supply chain. OpenAI fought back against the criticisms though. Sam Altman and Sarah said, “We are totally aligned on buying as much compute as we can and working hard on it together every day.” They also said any claim that they are split or stepping back from buying computing resources is “ridiculous.” Oracle also stood by the partnership. A company spokesperson said, “We’re incredibly excited about our partnership with OpenAI and remain focused on building and delivering the capacity they need to support rapidly growing demand.” The spokesperson added, “OpenAI’s new 5.5 model is a significant step forward, and we expect continued momentum as access to their technology expands across cloud providers.” For years, Sam has tried to secure as much data-center capacity as OpenAI can get. His view has been that not having enough computing power is the biggest limit on OpenAI’s growth. That thinking led to a huge run of deals last year and left the company tied to about $600 billion in future spending promises. ChatGPT slows, Gemini gains users, and OpenAI faces a three-year cash burn test OpenAI’s “buy everything” compute strategy had support from Sarah and the board while ChatGPT looked almost unstoppable. Then growth slowed near the end of last year, and the mood inside the company became less relaxed. OpenAI had set an internal goal of reaching one billion weekly active ChatGPT users by the end of last year. It has not announced that number. That has made some investors uneasy because the AI boom is already priced like growth will keep coming fast. The company also missed its yearly ChatGPT revenue target after Google (GOOGL) Gemini grew strongly late last year and took share from OpenAI. Subscriber cancellations have also been an issue. Earlier this year, OpenAI missed several monthly revenue targets after Anthropic gained ground in coding and enterprise products. OpenAI recently raised $122 billion, the largest funding round Silicon Valley has seen. That gave the company more cash, but the spending load is still huge. With all the computing power OpenAI has signed up for, the company expects to use that money within three years, even if it hits aggressive sales goals. Some of the funding also depends on partner agreements, so not every dollar is fully locked in with no strings attached. There are still areas growing inside OpenAI. Codex, its coding tool, is gaining popularity. The company is also cutting costs by scaling back projects such as Sora, its video-generation app. OpenAI has released GPT-5.5, a model that beat several industry benchmarks. But the stock reaction showed that traders are now watching cash, targets, and compute bills more closely than hype. For Coreweave, Oracle, SoftBank, Broadcom, AMD, and Nvidia, that is the problem. If you're reading this, you’re already ahead. Stay there with our newsletter .

28 Apr 2026, 22:30

Tim Draper Says ‘You Should Be Scared’ Without 6 Months Bitcoin Savings

Venture capitalist Tim Draper told a packed crowd at Bitcoin 2026 in Las Vegas that companies, families, and governments without bitcoin holdings face serious financial risk as global monetary systems continue to shift. Key Takeaways: Tim Draper warned Bitcoin 2026 attendees that companies without 5-15% bitcoin treasury allocation risk collapse if banks fail. Draper cited

28 Apr 2026, 21:18

Analyst: Trump’s Meme Coin Is a Major Roadblock to the CLARITY Act

The CLARITY Act, the most consequential crypto legislation working through the US Senate, is stalling partly because of President Donald Trump’s own meme coin. That’s the argument being made publicly by at least one analyst who says the broader industry is too close to the president to say it loud. Trump’s Token Is Giving Democrats Ammunition Crypto analyst Simon Dedic posted on X on Tuesday, writing that: “Trump’s meme coin is currently the biggest obstacle to crypto regulation right now.” His case is fairly simple: Democrats are pointing to the president’s gala dinners with the biggest holders of his Official Trump meme coin and the retail wealth that has evaporated around the token as justification to demand ethics clauses before they’ll vote yes. “The ‘pro crypto president’ is actively sabotaging the legislation this industry needs most, just to further fill his own bags,” Dedic wrote. He didn’t stop there: “The reason nobody in crypto calls this out? Because half the industry’s most important people were at that dinner on Saturday. Smiling, clapping and kissing the ring of the man whose meme coin is single-handedly delaying the regulation they claim to be fighting for.” The ethics issue has now crossed party lines, as Republican Senator Thom Tillis of North Carolina, a member of the Senate Banking Committee, told Politico that ethics language has to be in the bill before it leaves the Senate, or he would go from negotiating it to voting against it. Senator Adam Schiff told the same outlet that talks are advancing and that negotiators are “narrowing our differences,” although nobody has said what the ethics provision would actually look like. That fight is sitting on top of several other issues that still aren’t resolved. For instance, the Senate Banking Committee reportedly skipped its expected markup hearing last week, with a vote on Fed Chair nominee Kevin Warsh getting moved ahead of the CLARITY Act on the committee’s calendar. A Tight Window and Competing Pressures The clock is running down on the bill’s prospects this legislative cycle, as, according to Ji Kim, CEO of the Crypto Council for Innovation, the Senate has about 13 weeks of floor time remaining. However, factoring in recesses and a packed agenda cuts that time down to maybe nine or ten weeks. Still, some on Capitol Hill remain publicly optimistic, with Wyoming lawmaker Cynthia Lummis telling the Bitcoin 2026 conference in Las Vegas on Monday that a markup is coming in May and that the bill will “get to the finish line.” Elsewhere, Bernie Moreno reportedly told a Washington event that he expects it to be done by the end of May and dismissed the banking industry’s pressure on stablecoin yields as “noise” and “completely fake.” Meanwhile, Galaxy Digital CEO Mike Novogratz said on a podcast last Friday that the bill will get finalized in May and Trump will sign it in June. But his own firm’s head of research put the odds of passage this year at 50%. The banks are also pushing on multiple fronts. The American Bankers Association has asked Treasury for more than 60 extra days to comment on GENIUS Act implementation rules, with Patrick Witt, the White House crypto adviser, saying on X that continued bank lobbying was hard to explain as anything “other than greed or ignorance.” The post Analyst: Trump’s Meme Coin Is a Major Roadblock to the CLARITY Act appeared first on CryptoPotato .

28 Apr 2026, 20:57

Paul Tudor Jones: BTC Inflation Hedge, Stock Bubble

Paul Tudor Jones saw BTC as the most effective inflation hedge and warned about the stock bubble. He noted that it surpassed gold with its fixed supply superiority. Current technicals: Support 73.7...

28 Apr 2026, 20:55

EUR/USD Holds Losses Below 1.1700 as ECB and Fed Decisions Loom – Market Anxiety Peaks

BitcoinWorld EUR/USD Holds Losses Below 1.1700 as ECB and Fed Decisions Loom – Market Anxiety Peaks The EUR/USD pair continues to hold losses below the critical 1.1700 level. Traders now turn their attention to the upcoming European Central Bank (ECB) and Federal Reserve (Fed) policy meetings. This key support level remains under pressure. Market sentiment is cautious. Investors await clear signals from both central banks. EUR/USD Holds Losses Below 1.1700: Key Support Tested The euro-dollar exchange rate struggles to recover. It remains pinned below 1.1700 after a week of sustained selling pressure. The pair touched a low of 1.1685 on Monday. This marks a fresh multi-month trough. EUR/USD holds losses as the dollar gains strength. The greenback benefits from safe-haven flows. Geopolitical tensions and economic uncertainty drive this demand. Technical analysts watch the 1.1700 level closely. A decisive break below this point could open the door to further declines. The next support sits at 1.1650. Resistance now forms at 1.1750. The pair remains in a bearish trend. Short-term momentum indicators point lower. The Relative Strength Index (RSI) sits near 35. This suggests oversold conditions. However, a reversal is not yet confirmed. Volume data shows increased selling activity. Open interest in euro futures has declined. This indicates traders are closing long positions. The market braces for volatility. The ECB and Fed meetings will provide the next major catalyst. ECB and Fed in Focus: Diverging Policy Paths The ECB and Fed dominate the forex calendar this week. Both central banks face different challenges. The ECB must balance inflation with a weakening economy. The Fed prioritizes taming persistent price pressures. ECB and Fed decisions will determine the euro-dollar direction for the coming months. The European Central Bank meets on Thursday. Markets expect a 25 basis point rate cut. This would bring the deposit rate to 3.25%. Inflation in the eurozone fell to 1.8% in September. This is below the ECB’s 2% target. Growth remains sluggish. Germany, the bloc’s largest economy, faces a technical recession. The ECB’s tone will be crucial. A dovish stance could weaken the euro further. The Federal Reserve meets next week. The Fed is expected to hold rates steady at 5.25%-5.50%. However, the dot plot and projections will matter more. Strong US jobs data complicates the outlook. Non-farm payrolls rose by 254,000 in September. This exceeds expectations. The Fed may signal fewer rate cuts in 2025. This supports the dollar. This policy divergence favors the dollar. The euro faces headwinds. EUR/USD holds losses as the interest rate gap widens. The yield on US 10-year Treasuries sits at 4.20%. The German Bund yield is at 2.10%. This spread favors dollar-denominated assets. Impact on Global Markets and Traders The euro-dollar weakness affects global markets. Emerging market currencies face pressure. The Chinese yuan and Indian rupee have declined. Commodity prices also react. Gold remains near $2,650 per ounce. A stronger dollar makes dollar-priced commodities more expensive for other buyers. Exporters in the eurozone gain a competitive edge. A weaker euro makes European goods cheaper abroad. However, import costs rise. Energy prices, already elevated, could increase further. This adds to inflationary pressures. Traders adjust their positions. Hedge funds increase short euro bets. Retail traders show mixed sentiment. The COT report shows net short euro positions at their highest level since 2022. This suggests bearish sentiment is crowded. A surprise ECB hawkishness could trigger a sharp short squeeze. Options markets price in higher volatility. One-week implied volatility for EUR/USD rises to 8.5%. This is above the one-month average of 7.2%. Traders pay a premium for protection against large moves. Technical Outlook: Key Levels to Watch The technical picture for EUR/USD remains bearish. The pair trades below all major moving averages. The 50-day moving average sits at 1.1820. The 200-day moving average is at 1.1900. Both act as strong resistance. Support levels to watch include: 1.1650 : The August 2024 low. A break here targets 1.1600. 1.1550 : The June 2024 low. This is the next major support. 1.1500 : A psychological level. A break here could accelerate selling. Resistance levels to watch include: 1.1750 : The recent consolidation high. 1.1820 : The 50-day moving average. 1.1900 : The 200-day moving average. The MACD indicator remains negative. The histogram prints lower bars. The signal line stays below zero. This confirms bearish momentum. A bullish crossover is not yet visible. The Bollinger Bands widen. This signals increasing volatility. The lower band sits at 1.1650. A touch of this band could trigger a technical bounce. However, any bounce may be short-lived. Fundamental Drivers: Economic Data and Geopolitics Economic data releases this week will move the pair. Eurozone industrial production data is due Tuesday. A decline would reinforce recession fears. US retail sales data on Thursday will test the dollar’s strength. Strong sales would support the Fed’s hawkish stance. Geopolitical risks also influence the euro. The ongoing conflict in Ukraine affects energy prices. Europe’s reliance on Russian gas remains a vulnerability. Any escalation could weaken the euro further. US political uncertainty adds to the mix. The upcoming presidential election creates volatility. Markets dislike uncertainty. The dollar benefits from its safe-haven status. The euro suffers. Trade tensions between the US and EU also weigh. Potential tariffs on European goods could hurt exports. The EU’s retaliatory measures could escalate. This creates a negative backdrop for the euro. Expert Analysis and Market Sentiment Analysts at major banks share their views. Goldman Sachs expects the euro to fall to 1.12 by year-end. They cite the ECB’s need to cut rates aggressively. Morgan Stanley is more cautious. They see the euro trading in a 1.15-1.18 range. They argue that the dollar’s rally is overextended. Bloomberg’s FX model shows a 60% probability of EUR/USD trading below 1.15 in three months. This is up from 40% a month ago. The model uses interest rate differentials, volatility, and momentum. Market sentiment surveys show bearish bias. The AAII sentiment survey shows 55% of investors are bearish on the euro. Only 25% are bullish. This is the most bearish reading since 2022. However, contrarian indicators flash caution. Extreme bearish sentiment often precedes a reversal. The euro could rally on any positive surprise. The ECB could signal a slower pace of cuts. The Fed could sound less hawkish. These scenarios would trigger a short squeeze. Conclusion EUR/USD holds losses below 1.1700 as the market awaits the ECB and Fed decisions. The pair faces significant headwinds. Policy divergence, economic weakness, and geopolitical risks all weigh on the euro. The key level of 1.1700 remains critical. A break below could accelerate losses. However, extreme bearish sentiment raises the risk of a reversal. Traders should watch the central bank meetings closely. The outcomes will set the direction for the euro-dollar in the weeks ahead. FAQs Q1: Why is EUR/USD holding losses below 1.1700? A1: The pair remains under pressure due to a stronger US dollar. The dollar benefits from safe-haven demand and expectations of a hawkish Fed. The euro weakens on expectations of ECB rate cuts and a slowing eurozone economy. Q2: How will the ECB and Fed decisions impact EUR/USD? A2: The ECB is expected to cut rates, which could weaken the euro. The Fed is expected to hold rates steady, supporting the dollar. Policy divergence favors the dollar, putting downward pressure on EUR/USD. Q3: What are the key support and resistance levels for EUR/USD? A3: Key support is at 1.1650, followed by 1.1550 and 1.1500. Key resistance is at 1.1750, followed by 1.1820 (50-day MA) and 1.1900 (200-day MA). Q4: Is the bearish sentiment on EUR/USD too extreme? A4: Yes, sentiment surveys show extreme bearishness. This often signals a potential reversal. A surprise ECB hawkishness or Fed dovishness could trigger a short squeeze and rally. Q5: What economic data should traders watch this week? A5: Traders should watch Eurozone industrial production data and US retail sales data. Strong US data would support the dollar, while weak eurozone data would hurt the euro. This post EUR/USD Holds Losses Below 1.1700 as ECB and Fed Decisions Loom – Market Anxiety Peaks first appeared on BitcoinWorld .